Latest from IPE Magazine – Page 88
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FeaturesBriefing: Why gold is different
Why does gold behave so differently from industrial metals and, indeed, most commodities in general? Despite the obvious contrasts – such as its shininess and its use in jewellery – it is not immediately clear why this should be the case.
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FeaturesStrategically speaking: Goldman Sachs Asset Management
If you are a pension fund, insurer or sovereign wealth fund and you haven’t heard from Goldman Sachs already, it probably won’t surprise you to learn that they want to talk to you – about a variety of alternative investment opportunities they want to put your way as a potential debt or equity fund investor, co-investor or all three.
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FeaturesFixed income, rates, currencies: Market signals cloud the picture
From preliminary data, Europe’s second-quarter growth appears to have been surprisingly strong, seemingly led by services, such as strong retail sales. Supply-side problems are still constraining the goods sector generally, hitting the German economy especially, with industrial production falling more than one percentage point over the second quarter.
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FeaturesAhead of the curve: Will rising rates see value stocks win?
There is growing global anticipation that central banks are likely to increase short-term rates. The spectre of inflationary pressure on longer-term rates looms large. What does this mean for value and growth stocks? Value might be expected to come up top and growth to lose out. But this is not the whole story. We examined stock returns during several historical periods of rate increases in the US and UK to see which factor would ultimately come out on top, and when.
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FeaturesIPE Quest Expectations Indicator - September 2021
The delta variant has caused a new COVID-19 wave in many places but it is different in character from previous ones. New hospital admissions are typically from among the unvaccinated. The average age of COVID patients has also come down significantly. In western Europe, the current wave seems largely under control, albeit at higher levels in the old EU member states.
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Special ReportIreland: Counting the cost of new rules
Ireland has finally transposed the European Union’s IORP II directive – but there is a long and potentially expensive path ahead to full implementation
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Special ReportItaly: Reform season lies ahead
Italian policymakers are discussing further changes to the pension system but are reluctant to address the fundamental problems
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Special ReportNetherlands: What a difference a year can make
Dutch pension funds funding ratios have made dramatic recovery over the past 12 months
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Special ReportNorway: Moves to boost occupational pension payouts
Government proposals seek to strengthen right to pensions for all workers and maximise returns from schemes
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Special ReportPortugal: Social security fund targeted as COVID bites
Many retirees continue to receive pensions below the poverty line as Portugal continues to turn grey
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Special ReportSpain: First phase of pension reform finally kicks off
Government and social partners agree on a package of measures after a decade of discussion
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Special ReportSweden: Occupational pension company route gains popularity
Some pension providers and funds are opting to align with IORP II rules rather than the Solvency II-based regime
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Special ReportSwitzerland: Rule changes widen investment choices
New regulations may give pension funds the ability to allocate beyond current limits
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Special ReportUK: Funding challenges amid continued market uncertainty
The UK’s pension regulator emphasises the need for schemes to focus on long-term planning, transparency and risk management
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Asset Class ReportsPortfolio strategy – Credit report
As the institutional investment community heads towards a post-COVID new normal, private credit remains a favourite among investors despite inflationary headwinds. In this report, we also cover the record amounts of capital raised by private-debt funds last year, the latest developments ESG in private markets, and how the digital transformation accelerated by COVID is impacting private debt.
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Country ReportCountry Report: Pensions in Italy
Italian pension funds are growing their allocation to illiquid asset classes at an increasing pace, spearheaded by a number of innovative institutional collaborations. In addition, the sector is more and more making investment choices with ESG factors in mind, as we analyse in our latest in-depth on Italy’s pensions. The report examines the impact of COVID-19 on the health of the country’s second-pillar pensions system, and finds why its future growth is dependent on more decisive policymaking.
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Country ReportPrivate markets: Seeking post-COVID alternatives
Italian pension funds continue to invest in private markets ahead of a potentially promising post-Covid recovery phase
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FeaturesPrivate credit: Floating to safety
Despite inflationary headwinds, the outlook for private credit remains strong
