Latest Special Reports – Page 94
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Special Report
Commodities: Capturing risk premium
The risk of inflation hangs ominously over the heads of investors, so an active approach to commodity investing could be the way to maximise risk-adjusted returns, says Brent Bell
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Special ReportGlobal assets flatline at €36.3trn
Asset managers in our listing are ranked by global asset sunder management, and by the country of the main headquarters and/or main European domicile. Assets managed by these groups are in excess of €36.3trn.
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Special ReportTop 120 European institutional managers
This breakdown details total third-party asset managed for all types of European institutional clients - pension funds, insurance companies, corporates, charities and foundations - for the leading 120 managers in this business segment. Total assets are €5.4trn (2010=€5.7trn)
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Special Report
The trouble with fracking
The full environmental impact of shale gas extraction is not known, so investors must engage with companies to make sure they are acting responsibly, says Nina Röhrbein
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Special Report
Commodities: Puffed-out dragon?
China’s slowing economy – and its longer-term transition away from investment-led growth – is raising questions about ongoing demand for commodities. But Martin Steward suggests that it’s too early to call time on the ‘supercycle’
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Special Report
Commodities: Equities suffer from dematerialisation
Is recent share-price disappointment a sign of things to come in the extractive industries? Lynn Strongin Dodds finds mining becoming more expensive just as China, one of the biggest commodity markets, begins to reduce its demand
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Special Report
Dc in Europe: Choice is not an easy option
It’s not enough to simply offer pension fund members a range of investment choices, finds Rachel Fixsen
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Special Report
DC in Europe: Look forward to payout time
UK pension schemes could offer members an enhanced payout phase experience through greater forward planning and tapping into the range of options available, finds Rachel Fixsen
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Special Report
Smart Beta: A smart beta taxonomy
Daniel Leveau and Des Morris categorise the alternative indexing universe and recommend that investors build diversified, smart-beta portfolios. By focusing on risk and return, they should achieve the desired results
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Special Report
Smart Beta: Creating custom solutions
John Krieg discusses the findings of a survey of institutional investors’ changing perspectives on passive investing, and the growing use of customised beta strategies
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Special Report
Smart Beta: How equal-weighting wins
Yuliya Plyakha, Raman Uppal and Grigory Vilkov discover a surprising crop of non-systematic alpha generated by the monthly rebalancing process
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Special Report
Smart Beta: Debt and demographics
Investors should look for risk to be compensated by attractive premia. But Christoph Gort argues that market-cap weighted bond indices fail to deliver this. New index methodologies will allow for more efficient global bond investing
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Special Report
Risk Parity: Simple idea, complex questions
Brendan Maton asks what the track records of risk parity strategies can tell us about their suitability for new economic environments, and how they might fit into the thinking of European pension funds suitability for new economic environments, and how they might fit into the thinking of European pension funds
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Special Report
Risk Parity: Risk parity for a single asset class
Pure risk parity just about works in a multi-asset class context. For individual asset classes, Joseph Mariathasan finds that it needs to be constrained and adapted – but still offers a useful corrective to the biases of the cap-weighted portfolio
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Special ReportRisk Parity: Risk parity for pension schemes?
Gearing-up on bonds looks remarkably like LDI, notes Gwion Moore. So what does this tell us about the suitability of risk parity for an investor whose starting point is a significant short position in long-dated interest rates?
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Special Report
Risk Parity: ‘Risk parity is not sufficient’
Martin Steward discusses the philosophy behind the risk-factor allocation approach adopted by Danish pension fund ATP with CIO Henrik Gade Jepsen – and the impact of a new risk environment on its strategy
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Special Report
Risk Parity: I’m a (cautious) believer
The principles of risk parity may be sound, the CEO of AIMCo tells Joel Kranc, but the exuberance must be tempered by the current economic climate
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Special Report
Risk Parity: A better balance
Joel Kranc discusses the rationale for a gradual shift to the risk parity model with Bill Estabrook, executive director with Ohio Police & Fire Pension Fund
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Special Report
Pay proposals in the shareholder spring
Shareholders are beginning to flex their muscles by voting against inflated executive remuneration packages in listed companies, says Nina Röhrbein
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Special Report
Smart Beta: New generation of choices
The ‘smart beta’ revolution is taking investors from one ‘passive’ solution – the cap-weighted index – to many. Rachel Fixsen looks at the questions this raises
