Latest from IPE Magazine – Page 621
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Features
Spanish trustees need to go back to school
The issue of education in financial and investment matters as a fundamental need of pension fund trustees in Spain was confirmed in a recent survey carried out by Mercer. The survey into corporate governance among second pillar pension schemes was the first of its kind in Spain. One of its ...
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Features
Pay-back time in Tokyo
For many, Japan was the surprise performer of the last 12 months, with a return of 49.6% over the fiscal year to March 2004. Most fund managers in the region anticipate strong earnings in the current year, driven by corporate structural reforms and a global and domestic cyclical recovery. Japan ...
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Features
Trading places - how to choose
Electronic trading of fixed-income securities continues to grow as the market starts to consolidate around a number of leading platforms. But while the market has rationalised to some degree, there is still a large number of platforms offering a variety of products and different types of trading. In an attempt ...
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Features
Why consider mortgages?
Totalling around $3trn in outstanding debt, the size of the US mortgage market exceeds that of both US Treasuries and corporates. Yet, for investors outside of the US, the US mortgage market can often be overlooked. It is a complex and specialised marketplace. However, with appropriate investment expertise, mortgages can ...
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Features
Is the run over?
Although some recent reports suggest demand for emerging debt is set to weaken, the popularity of this asset class doesn’t appear to be subsiding. According to April’s report by the International Monetary Fund, rising US interest rates and a falling US dollar threaten to end two years of growth in ...
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Features
PPPs a panacea for pensions?
Equities outperform bonds long-term! Pension funds are for privileged investors as, because of their long-term liablility profiles, they do not need to care about the short-term volatility of equities. This means that pension funds can hold the highest exposure in equities that the individual liability profile of the fund justifies. ...
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Features
'Pay to play' charge hits consultants
Is the pension fund consulting business afflicted by conflicts of interest even more so than the analyst-investment banker incestuous relationship? The Securities and Exchange Commission (SEC) is looking for an answer to this disturbing question: that is why last December it opened a “fact-finding mission”, a broad examination of the ...
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Features
French working life balance tilts
Passed by the French Parliament in July 2003 then validated by the Constitutional Council, the law on pension reform was published in its final form (as law No 2003-775) on 21 August 2003. A number of articles of the law are still to be dealt with by decree in the ...
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Features
Putting down roots in Milan
The impact the Deutsche GSS acquisition is having on State Street’s presence in Europe is no more clearly evidenced than in its new office in Milan. As bank chairman David Spina put it recently it is transforming the business on this side of the Atlantic. “The aim of the Deutchse ...
