Latest from IPE Magazine – Page 71
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Opinion PiecesLetter from Australia: In need of a broader asset pool
With a market cap of just A$2.7trn (€1.75tn), Australia’s ASX stock market is increasingly overshadowed by a rapidly growing pool of super savings which now exceed A$3trn.
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Opinion PiecesLetter from US: Crypto currencies gain a toe-hold in America’s 401(k) retirement plans
Crypto investing is not going to become mainstream any time soon in 401(k) plans. But the US retirement market is becoming more and more sophisticated – investors are becoming interested in digital assets, and asset managers, platform providers and consultants are all developing digital products and services.
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FeaturesPerspective: Sweden reshapes national ethical stewardship
The Swedish buffer funds are taking stock as the long-standing secretary general of the Council on Ethics steps down
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FeaturesResearch: DB plans caught in a Catch 22
Pascal Blanqué and Amin Rajan argue that a toxic confluence of demographics, regulation and interest rates are undermining the finances of pension schemes
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FeaturesPensions Insider: Like the lead role in a bad film
In the sixth of a series of articles aimed at empowering trustees, our insider advises full cooperation with investigators if falsely suspected of impropriety
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FeaturesBriefing - CLOs: a post-pandemic resurgence
Exactly a decade after the collapse of Lehman Brothers, the collateralised loan obligation (CLO) market was breaking records. In 2018, nearly $130bn (€113.6bn) worth of CLO paper was issued in the US and €45bn in Europe, a sign that the crisis of confidence caused by the Great Financial Crisis was over.
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FeaturesBriefing: PE fees under scrutiny
The balance of power between private equity firms and investors typically swings with the fundraising cycles.
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FeaturesStrategically speaking: IFM Investors
When IFM Investors and its fellow consortium members cracked open the bubbly last month on their successful bid for Sydney Airport following a third revised offer, it marked a bet on a vigorous and sustained recovery in passenger aviation. After all, airports globally, including Sydney, had come to resemble “parking lots for planes”, in the words of IFM Investors CEO David Neal.
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FeaturesFixed income, rates, currencies: Policy normalisation kicks in
Although several emerging market (EM) central banks have been hiking rates for a few months already this year, particularly in Latin America, it was only in the third quarter of 2021 that the global share of central banks raising official rates moved above 50%. This is the first time in three years that this has been the case, as several developed market central banks joined emerging market counterparts to tighten rates.
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FeaturesAhead of the curve: Factors in political change
The evacuation of US and coalition troops and civilians from Afghanistan and the Taliban takeover in August prompted us to examine other episodes of regime change and how equity markets reacted.
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FeaturesIPE Quest Expectations Indicator - December 2021
IPE’s sentiment statistics for 2021 are highly unusual. First, they were moving closely together, with one exception only – confidence in Japanese bonds remained an outlier throughout the year, with the gap with other areas increasing steadily.
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Country ReportCountry Report – Pensions in Switzerland (November 2021)
Swiss pension funds are aligning their portfolios with sustainability goals. We speak to some of the leaders. Our report also assesses the ongoing pension reform discussions, looks at investment trends and features the latest research on risk, investment and funding levels
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Country ReportCountry Report – Pensions in Spain (November 2021)
Spain is moving ahead with pension reforms but there is little indication about the future shape of the second pillar. Our report also assesses Spanish pension investment strategies
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Asset Class ReportsAsset class report – Private equity
Co-investment in private equity is easier said than done: we look at what it takes to be a successful co-investor. We also look at Africa where there are an array of opportunities for investors
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Special ReportTowards Net Zero: COP26 and Beyond for Institutional Investors
The term Net Zero is becoming entrenched in political and business life as governments, banks, insurers, asset owners and, not least, corporates sign up to demanding pledges to reduce carbon emissions in the service of limiting global temperature rises to within 1.5C. Our extensive Special Report looks at Net Zero through an institutional lens, talking to leading pension funds about their climate related commitments, but covering also areas like carbon pricing, portfolio transition, blended finance and the latest investment research
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Country ReportESG: A green transformation
Swiss pension funds are moving their entire portfolios towards sustainability
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Country ReportPension reform: Second pillar in limbo
Spain pushes ahead with pension reform but there is little indication of the likely shape or timing of the second pillar
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Asset Class ReportsCo-investment: A capital idea
Co-investment can offer attractive deals to private equity investors but considerable funds are needed to access these opportunities
