Latest from IPE Magazine – Page 725
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Features
Time running out for reform
Despite being one of the most favoured nations for EU assimilation the Czech Republic continues to be inward-looking when it comes to investment reform and pensions. It is indeed a measure of the failure of many other countries in central and eastern Europe to create capital markets that the Republic ...
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Features
Russian reform gathers speed
One could hardly have imagined that such a complex issue as reform of the pension system, which has been discussed in Russia since 1995 and failed to be launched three times, would proceed at such an incredible pace in 2001, with practical operation of the new system expected already in ...
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Features
Bulgarians still tied to home
Bulgaria’s first privately managed pension funds were established in 1994. But no special law regulated their activities until 1999. Unlike other countries, which did not allow foreign investment during the initial stages of their private pension systems, the Bulgarian legislature looked at this issue in 1999 when the special second ...
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Features
Benchmarks are for beating
There was a time when British university lecturers carried around bundles of individual life assurance policies accumulated throughout their careers as part of their retirement arrangements. By the mid-1970s, the folly of this approach had become apparent, leading to the establishment of the Universities Superannuation Scheme. It is now the ...
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Features
Novartis fund makes move from concrete to paper
Pension funds in Switzerland have a long tradition of investing in property, and the team responsible for the Sfr18bn(e12bn) Novartis pension fund is not exception. The Basle-based pension fund has for years had a significant exposure to real estate, around 12% of the total portfolio, through direct holdings in property, ...
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Features
Actively managed ETFs' headway
Europe’s leader in transactions of exchanged traded funds (ETFs), the XTF – Deutsche Börse’s segment for ETFs – has also been pioneer in introducing actively managed trading funds back in November 2000. More than a year after the introduction of this new type of trading funds, investors are becoming more ...
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Features
Petroleum fund appoints nine managers
The NOK547bn (e68bn) Norwegian Government Petroleum Fund (Petroleumsfondet) has appointed a raft of nine new managers to small and mid cap and sector driven equity mandates. Agreements have been reached with four external managers to run portfolios of small and medium-sized companies with the mandate winners as follows. Deutsche Asset ...
