Latest Special Reports – Page 108
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Special Report
SMID sweet spot
Patrick Quinn argues for specific small and mid-cap mandates – and active management – as attractive risks at this point in the economic cycle
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Dark forces
Uncertainties govern any future projection of the equity risk premium, argue Wim Barentsen and Svetlana Rodionova, making scenario analysis essential to APG’s asset-liability matching process
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Special ReportPricing equity risk appetite
Historic excess returns from equities tell us little about the risk premium embedded in valuations at any given time. Toby Nangle and Hartwig Kos explain how a forward earnings-based model allows them to take account of extreme economic scenarios that could disrupt those earnings
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Dynamic alpha risk budgeting
Dynamic management of core/satellite allocations might seem an ideal strategy for maximising return while minimising costs. But this approach can be difficult to execute, argues Daniel Wallick
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SMART portfolio management
Static portfolio management techniques fail because they cannot respond to changing economic conditions. Arun Muralidhar offers an alternative
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SWFs – case for ALM
Work needs to be done to develop optimal asset allocation and liability-management strategies for sovereign wealth funds, argues Lionel Martellini. The first step is to define each fund’s purpose and source of revenue
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Copenhagen – will it matter?
Conclusive climate change strategies probably won’t emerge in Copenhagen but investors must start planning for them as the clever money needs to think ahead, says Nina Röhrbein
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Surviving stagflation
As the dreaded ‘s’ word edges onto the periphery of economists’ radar screens, Martin Steward assesses the options for defending against it – and the risks those options present
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Refashioning beta
The emergence of alternative systematic equity indices raises profound questions about how we define ‘the market’, and how pension funds should benchmark and invest their core portfolios, writes Martin Steward
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Case for new forms of equity indices
Stockmarket index providers should design their indices to help investors construct efficient portfolios rather than just focusing on being representative of the overall market, argues Felix Goltz
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Special Report
FoHFs – a good move for institutional investors?
As more and more investors begin allocating direct to hedge funds or using replication and index products, Stephen Oxley and Lisa Fridman offer a defence of the fund of funds
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Special Report
Multi-strategy gains currency
Investors should adopt a broad and diversified approach when investing in currency markets, finds Lynn Strongin Dodds
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Tap into secondary market
Attractive opportunities are continuing to emerge in the secondary market for hedge funds as a result of recent liquidity challenges, writes John Anderson
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Special Report
ESG concerns for cash funds
SRI money market funds might be growing in popularity, but levels of screening and transparency can leave a lot to be desired, find Dominique Blanc and Caroline Estimé
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Special Report
Evolution of global super deals
A new type of super-size mandate is emerging and the custody industry needs to respond to a new set of challenges, writes Iain Morse
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Special Report
An emerging prospect
Pension funds investing in microfinance should take a patient and responsible approach to their investments, says Ivo Knoepfel
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Special Report
Asia’s green fields of promise
Stimulus packages are helping spur green investments in Asian companies, which already have many advantages over their Western counterparts, including good access to capital and cheaper labour costs, finds Nina Röhrbein
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Special Report
Hedge cuttings
Hedge fund beta products and hedge fund indices potentially offer cheaper and more transparent access to the industry’s key strategies and exposures. Beverly Chandler assesses the options
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Special Report
Fundamental shift in ESG
Nina Röhrbein looks at how the ESG market in Switzerland is moving on from the ideological and political corner of SRI to the real performance of sustainability
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Special Report
How do you integrate ESG in your portfolio?
Henrik Larsen CIO Sampension Denmark Danish common management company for three pension funds Invested assets: DKK125bn (€16.8bn) Participants/members: 289,000 Defined benefit Date established: 1945 Sampension’s environmental, social, governance (ESG) policy - which was implemented in 1999 - is a result of discussions within ...
