Latest Special Reports – Page 93
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Currency Management: More than one way to play the renminbi
Theory and history suggest that China’s currency should appreciate along with its economic growth. But Charlotte Moore finds investors looking for other routes besides the fast-growing ‘dim-sum’ market
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Risk Managed Equities: The funding dilemma
With its desire to de-risk and its growing deficit, the Strathclyde Pension Fund is one of many ideal candidates for the risk-managed equities experiment. Martin Steward reports on its plans
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Risk Managed Equities: Smart beta – a cautionary tale
By moving away from the market portfolio smart beta solutions add risk, argues Jeff Molitor. Investors need to be aware of this, and of the fact that taking active risk needs to be well timed
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Special ReportGerman Asset Management: End of the KAG
A new draft law proposes placing KAGs under a new framework, writes Till Entzian. The industry’s challenge will be to retain the identity and reputation of the Spezialfonds
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German Asset Management: Risky bond business
The euro-zone crisis has reminded German pension funds that bonds carry risk, as Nigel Cresswell and Alexander Zanker explain
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German Asset Management: A quiet revolution
Nina Röhrbein speaks to one of the asset managers trying to introduce fiduciary management to Germany
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Fiduciary Management: Trust and mistrust
Dutch pension provision is losing touch with its history of trust, aided and abetted by the DNB, writes Brendan Maton
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Special ReportFiduciary Management: A catalyst for growth
Increasing scrutiny by financial directors of UK pension arrangements will promote fiduciary management as a future savings solution, as Nigel Birch explains
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As safe as houses
The fixed index-linked cashflows provided by social housing and infrastructure investments can be attractive to investors comfortable with long-term investing, finds Nina Röhrbein
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Special Report
OTC Swaps Regulation: Unintended consequences
The complexity and expense of complying with new collateralisation rules in the OTC market could encourage more risky practices, finds Anthony Harrington
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Special Report
OTC Swaps Regulation: The view from ESMA
Pension funds have expressed some alarm at the cost implications of EMIR. Rodrigo Buenaventura, head of markets division, offers ESMA’s perspective
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OTC Swaps Regulation: Betting on the house
EMIR could push huge volumes of OTC transactions into central clearing houses. But Cécile Sourbes finds that this is as big a challenge as it is an opportunity
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OTC Swaps Regulation: Connecting the pipes
EMIR will introduce a huge range of new processes into both centrally-cleared and bilateral derivative trades. Iain Morse outlines the work custodians are facing
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OTC Swaps Regulation: APG: Collateral damage
“Of course, we may have to consider to hedge less if derivatives solutions become too risky or too expensive.”
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OTC Swaps Regulation: PGGM: Keeping the faith
All asset managers running liability-driven mandates on behalf of pension funds fear that the European Market Infrastructure
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German Asset Management: In the market for advice
Nina Röhrbein reviews trends in German institutional asset management, noting increasing demand for advice
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Extracting the true cost of gold
Institutional investors have been integral to the boom in gold prices over the past five years, but are they fully aware of the high-impact nature of their investments? Nina Röhrbein reports
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Special Report
OTC Swaps Regulation: A new wave of bond repo?
With the arrival of EMIR, users of derivatives suddenly need to get their hands on a lot of cash. Cécile Sourbes asks if the biggest collateral-transformation market, repo, is up to the task
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Special Report
Commodities: All hail the shale
The US natural gas revolution is not just an arcane energy issue. Martin Steward considers its potential to reverberate throughout the entire economy – and your portfolio
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Special Report
Commodities: An American story
The shale revolution has taken the price of natural gas, a relatively clean fossil fuel, from $13/mbtu to $2/mbtu. How can it fail to challenge renewable energy? Nina Röhrbein reports
