Latest from IPE Magazine – Page 94
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Special ReportPrivate markets: A shift in priorities
The COVID-19 pandemic has modified the selection process for managers of real assets and private equity
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Asset Class ReportsMulti-asset credit: Switching tactics to deal with volatility
MAC strategies allow investors to shift investments tactically to capitalise on a wide range of niche markets
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FeaturesSelectivity is key in SPAC market
The vogue for special purpose acquisition companies (SPACs) has something in common with many other fashions, whether in investment or in the shops. Just when you think the trend cannot get even hotter, the temperature rises yet further.
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Country ReportPension Risk Management: Dealing with a challenging year
German pension investors are evolving to adapt to new realities in terms of assets and liabilities
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Special ReportUSS & DiligenceVault: Digital platform eases process of due diligence
USSIM reports positive experience using DiligenceVault’s platform to carry out due diligence of asset managers
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Opinion PiecesGreen ambitions to drive recovery
Last month, Italy announced its first foray into the hot market of green bonds by raising a record €8.5bn (see page 9).
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FeaturesLong term assets: Proposed vehicle aims to help DC funds access private asset classes
The UK’s chancellor of the exchequer, Rishi Sunak, has set an ambitious timetable for the launch of a new UK-authorised fund vehicle, the Long-Term Asset Fund (LTAF), by the end of 2021. The LTAF is envisaged to simultaneously help achieve several policy goals by directing pension savings into alternative investments.
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Asset Class ReportsUS high yield: A changing market
US high yield looks attractive against investment-grade credit although there are important changes for key sectors
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Country Report
Politics and investment: Germany looks to Sweden
Politicians are looking abroad for ways to boost equity investment in long-term savings
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Special ReportAP3’s partnership approach
Claudia Stanghellini, head of external management at Tredje AP-fonden (AP3), talks about the fund’s strategy when selecting managers
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Asset Class ReportsTrade Finance: Weathering the storm
Trade and supply-chain finance has faced several threats in recent years but the opportunity for institutional investors is alive and well
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Country ReportAustria: Sustainable growth remains elusive
Austrian providers are calling for solutions to make occupational pensions more appealing in light of demographic pressures and COVID-19 fallout
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InterviewsOn the record: Value makes a comeback
IPE asked two European institutional investors what biases are built in their equity portfolios, as value equities show signs of new-found strength
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Features
Dual-class share plans fuel concern over stewardship and governance
Introducing dual-class share structures to make London a more competitive financial centre would weaken shareholder rights and make it harder to influence corporate behaviour, institutional investors and trade bodies have warned.
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InterviewsStrategically speaking: Allianz Global Investors
Allianz Global Investors (AGI) has long invested in green infrastructure. The market, and the perception of renewable energy for investors in particular, has changed during this time. Investors are ready to engage with renewable energy or cleantech if the underlying technology has a proven track record.
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InterviewsHow we run our money: Sampension
Henrik Olejasz Larsen, CIO at Denmark’s Sampension, talks to Carlo Svaluto Moreolo about the fund’s bias towards value equities and its diversification strategy
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Opinion PiecesSustainability: A purpose-driven stock exchange
The UN Sustainable Development Goals (SDGs) have caught the imagination of the investment world. For many in the millennial generation the idea that its investments should fulfil positive social or environmental impacts seems self-evident. Yet many asset managers still struggle to incorporate SDGs into their strategies. Nor do they hesitate to trumpet questionable ESG credentials to investors.
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Opinion PiecesLetter from Australia: Should super savings fund homes?
A post-COVID-19 housing boom has made the future of Australia’s A$3trn (€2trn) superannuation savings pool a hot topic.
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Opinion PiecesLetter from US: Pension bonds raise concerns
The resurgence of interest in pension obligation bonds (POBs) is one of the effects of the pandemic on the US pension funds industry. Indeed in 2020 POB issuance reached its highest level in a decade, exceeding $6bn (€5bn), according to Municipal Market Analytics (MMA), an independent research firm focusing on the US municipal bonds.
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FeaturesDB accounting: Lump-sum benefits
Service-defined lump-sum payments are causing accounting attribution problems
