All articles by Liam Kennedy – Page 10

  • Interviews

    Low fashion, high durability

    December 2013 (Magazine)

    As Thornburg Investment Management’s fourth employee, Brian McMahon arrived in Santa Fe in 1984 around the same time as the firm acquired a second-hand fax machine from the unsuccessful presidential campaign of Walter Mondale.

  • Features

    Time to get together?

    November 2013 (Magazine)

    In an ideal world, pension fund mergers create advantageous economies of investment and administration scale that benefit members, pensioners and sponsors long term. In the real world, pension funds are complicated to merge, not least because social partners often demand that everyone has a seat around the board table.

  • Magazine Cover
    Features

    IPE November 2013

    November 2013 (Magazine)

    Magazine Cover

  • Features

    Politics and sovereign wealth

    October 2013 (Magazine)

    Norway’s Government Pension Fund Global is now the third-largest institutional investor in the world, after Japan’s Government Pension Fund and China’s SAFE

  • Interviews

    M&G Fixed Income: Shining a light in the cracks

    October 2013 (Magazine)

    IPE editor Liam Kennedy sits down with M&G chief executive Simon Pilcher

  • Features

    Actuaries in business

    October 2013 (Magazine)

    Liam Kennedy asked Jonathan Punter and Stuart Southall about their careers as actuaries, entrepreneurs and dealmakers in the world of UK pensions

  • IP Asia

    Risk management challenges for pension funds

    IP Asia September 2013

    Complexity in regulation, heightened demand for efficient liability management and market volatility have created demand for a different type of relationship between asset managers and pension funds, writes Liam Kennedy.

  • Features

    Buyout now while stocks last

    September 2013 (Magazine)

    Pension longevity transfer, whether through full insurance buyouts, bulk annuities or longevity swaps, is still largely a UK business.

  • Special Report

    Top 1000 Pension Funds: The thrifty thousands

    September 2013 (Magazine)

    Roger Urwin, global head of investment content at Towers Watson, noted earlier this year that the world’s leading investors are upping their internal resources and adopting the organisational characteristics of asset managers. Urwin’s focus was on what he calls the ‘Thrifty Fifty’ largest institutional asset pools. Our reference to ‘Thrifty Thousands’ on the cover of this year’s Top 1000 supplement owes a debt to Urwin’s coinage.

  • Special Report

    Investment Solutions: Very real problems

    July 2013 (Magazine)

    Complexity in regulation, heightened demand for efficient liability management, market volatility and the sheer breadth of investment opportunities have created demand for a different type of relationship between asset managers and pension funds, writes Liam Kennedy. How are they meeting this demand? And, with a new generation of ‘modular’ or ...

  • Features

    Smarter outsourcing

    July 2013 (Magazine)

    The term ‘outsourcing’ first came to light in 1979, and gained popularity in business by the 1990s as companies sought supply-chain efficiency and to concentrate on their core activity. The notion also gained currency in pension fund management.

  • Features

    Unsubtle financial repression

    June 2013 (Magazine)

    Dutch politicians are acutely aware of the size and importance of pension funds and want pension assets to be channelled back into the domestic economy.

  • Features

    Transition management for China

    June 2013 (Magazine)

    European politicians like to meet with Jin Liqun, chairman of the board of supervisors of China Investment Corporation. As a man with more than $400bn (€309.2bn) in assets for investment outside China, they have been actively courting his fund’s capital.

  • Special Report

    Top 400 Asset Managers: Global assets back on the rise

    June 2013 (Magazine)

    Total AUM of top 400 managers = €39.2trn (2012 = €36.3trn; 2011 = €36.2trn). Increase in AUM of 8% over 2012. BlackRock is the largest manager (€2.9trn) and accounts for 7.4% of overall assets. Top 100 managers account for 83.7% of the assets (€32.8trn).

  • Features

    Inflexion point

    May 2013 (Magazine)

    Finance directors, policy makers and academics already regret the period – right up until the 1990s – in which corporations and governments made what now seem extravagant pension promises to baby boomers.

  • Features

    All eyes on auto-enrolment

    April 2013 (Magazine)

    Angela Merkel’s Christian Democrats may be consistently ahead in the polls and occupational pensions are not likely to play any role at all in the forthcoming German parliamentary elections. Yet as we report in this issue, there is a flutter of interest in auto-enrolment into workplace pensions on the part ...

  • Features

    Cross-border lessons

    March 2013 (Magazine)

    The 2010 comedy film Rien à Déclarer focused on the rivalry between a pair of customs officers either side of the pre-Schengen Franco-Belgian frontier. 

  • Features

    Ireland’s challenge

    February 2013 (Magazine)

    Ireland’s presidency of the European Council is an opportunity for the country to showcase the progress it has made in repairing its finances and its economy since the bailout at the end of 2010.

  • Features

    Mark-to-market blues

    January 2013 (Magazine)

    Lucy Prebble’s musical Enron, about the troubled energy company of the same name, famously features a song routine on mark-to-market accounting. Marking pension liabilities to market is a complex issue, fraught not only with market and technical considerations but now, increasingly, with political ones.

  • Features

    No panacea

    December 2012 (Magazine)

    The coming weeks are scheduled to see the publication of the European Commission’s Green Paper on long-term investing, announced by the single market commissioner Michel Barnier earlier this year.