Latest from IPE Magazine – Page 557
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Special Report
Investors act on climate change
On 14 September, in the New York offices of investment bank JP Morgan, around 200 institutional investors, financial analysts and government officials gathered to hear the results of the third Carbon Disclosure Project (CDP) questionnaire. Speaking were luminaries including Margaret Beckett, the UK’s secretary of state for the environment; Jim ...
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Features
Capitalising on progress
France’s system of universal retirement provision dates back to the years immediately following the second world war. The role of the compulsory pay-as-you go (répartition) element has long been significant and is in line with the strong Gallic preference for the social model. This preference dates back even further – ...
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Features
Success comes to the nimble-footed
Industriens Pension is the largest of a number of pension schemes based on collective bargaining agreements that were established in Denmark in the early 1990s to provide supplementary pensions for the country’s workers. The scheme covers the entire industrial sector and has around 320,000 members in 8,200 companies. The industrial ...
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Features
Uncertainties spawn hybrids
The shift from defined benefit (DB) to defined contribution (DC) pension plan designs has been widely reported in the UK and further a field. However, a ‘pure’ DC scheme is not always possible and, even when it is, it is not always the ideal solution. To what extent are we ...
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Features
Devising an investable index
There has been a growing emphasis on pension fund liability management and creating a portfolio of assets to match these liabilities. The popular press has published several recommendations to protect pension fund solvency through the immunisation of liabilities. Recommendations have ranged from the approach of the Boots Pension fund, which ...
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Features
Greek asset law expected soon
New legislation due to be passed in Greece later this year is expected to create an open institutional market worth around €33bn to asset managers within three to five years, according to Haris Makkas, CEO of ING Piraeus Asset Management in Athens. There are around €23bn of assets under management, ...
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Features
All absolutes are not created equal
During recent years, particularly since 2000, there has been substantial and growing interest in absolute return investing. We believe there are two types of approach to absolute return investing and it is critical to understand the differences. One form is the hedge fund style – an approach that targets relatively ...
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Features
Finding the best way to spread bets
Diversification is the byword for investing in listed equities. But for investing in private equity - a much more risky asset class - the importance of spreading one’s bets is far greater. The basic route into private equity is via a fund investing in a basket of individual companies. However, ...
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Features
More haste, less speed
Worldwide, pension funds have shown an interest in hedge funds as part of a holistic solution to achieve absolute returns. They are perceived as complementing, not competing, with other asset classes. Contrary to media headlines in the recent past, however, pension funds’ allocations will be very small; with less than ...
