Latest from IPE Magazine – Page 677
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Features
Good for the long term
Investors, disenchanted with equities and suffering low yields on government bonds, are turning to corporate bonds in droves to access the historically high yield premium on which they are currently trading. European investors, deprived of the returns they traditionally made from trading between the legacy currencies, have taken advantage of ...
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Features
Looking for yield pick-up
o Anna Lees-Jones, manager of the M&G Corporate Bond Fund, puts the fund’s success down to its research resources. She has access to the group’s 28 different credit analysts, all of whom are career analysts, having worked in the industry for at least 10 years. “That’s a huge advantage to ...
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Features
Corporate pension risk in Europe
As we all know, pensions are receiving substantial attention in the wider press, both in financial and non-financial publications. This has been triggered by a combination of factors: equity underperformance has eroded asset values, falling bond yields have driven up liability values and increased accounting transparency has made the resulting ...
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Features
Directive keeps them guessing
When it comes down to multinational pension arrangements in Europe, and, more particularly, the endeavours of European legislators to find a solution to the issue of pan-European pensions, the strangest scenarios can often seem quite commonplace. And so it was at the 2002 IPE Multi Pensions conference in Amsterdam at ...
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Features
Cool face of benefits
Education. Education. Education. Well, pensions education to be precise. For New Labour’s renowned election promise is just as applicable in the UK to pensions when it comes to the populous at large. This is the strategy overarching the newly created Pension Service which, as part of the Department of Work ...
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Features
French savings plans' rapid progress
For the last two years, the concept of employee savings, such as saving plans or schemes for profit sharing, has received much publicity from the media. The potentially large volumes of assets available has attracted a number of new providers. For a company, the choice of a fund manager is ...
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Features
Slaughtering herds
It’s that time of year again when we ask ourselves – just what investment policies and strategic asset allocation decisions make sense in today’s market? The problem is that we are asking ourselves that question rather too often lately. Unfortunately, we don’t appear to have much in the way of ...
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Features
Get to grips with hedge funds
‘More talk than action’ is a comment often made during discussions about hedge funds for European pension funds. In this article, I would like to present the perspective of a pension fund trustee on this topic. The conclusion will be, in short, that the debate about the use of hedge ...
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Features
State Street's carve out
The ‘Big Dig’ is how Bostonians refer to the enormous civil engineering project that runs through their city and has sucked in more dollars than the city probably cares to contemplate. The day of its completion appears to be as problematic as ever. In Franklin Street, not far from this ...
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Features
European platform
State Street went into the Deutsche deal from a position of strength, according to its president and COO Ron Logue. “We won more business in 2002 than in any other year. All in all, wins exceeded business losses in a ratio of three to one. “Relative to the competition we ...
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Features
Making it happen
Ralph Vitale is the man with the mission of planning and implementing the integration of the Deutsche global securities services (GSS) business with State Street, where he is executive vice president, responsible for securities finance. “This is an enormously complex transaction, as it covers a lot of people in a ...
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Features
Last days of GSTPA
At the beginning of 2002 it was widely predicted that, come the following November, one of the securities industry’s more ambitious projects to streamline the transaction chain – involving a major step change in technology and processes – would have degenerated into farce. Well, sure enough, a debacle duly occurred, ...
