All articles by Liam Kennedy – Page 13
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Interviews
Pictet Asset Management: Fighting proliferation
Product proliferation is a temptation that has become baked into the business model for many asset management, even if it is rarely in the best interest of clients
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Special ReportTop 400 Asset Managers 2017: A new, improved business?
The cosy old world of asset management seems already seems like a different era. One day, CEOs will probably tell their grandchildren about the bygone days of fat margins, soft dollars and dubious intermediary arrangements
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Features
Transition problems
The travails of defined benefit pension schemes and insurers are well known as they seek to meet liabilities made in previous decades in today’s ultra-low-rate environment
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Special Report
Listed Equity: A public role
New indices and ETFs apply impact investment to liquid equities. But corporate reporting and investor focus are central, according to Liam Kennedy
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Features
German pensions: A new not-quite revolution
The current reforms risk repeating some of the mistakes of the Riester plan. Devolving responsibility to social partners for creating new sector schemes risks passing the buck
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Special ReportIPE at 20: Back to 1996 - four moments in pension investing
Fads and fashions ebb and flow, in the world of pension investment seemingly as much as any other. Balanced management is firmly out of favour. Fiduciary management is in. Yet both represent a different take on the outsourcing of investment
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Features
Victims or winners?
There is a live debate in the Netherlands with regard to the pensions (or lack of them) of the million-plus group of self-employed, or zzp’ers in Dutch
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Features
Costs really matter
Lay representation on pension fund trustee boards is one of the hallmarks of occupational pensions in Europe and other parts of the world
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Features
Costs really matter
A slow but steady evolution in best practice on cost disclosure and reporting is changing the way pension funds think about the asset management industry as well as the way they structure their internal resources.
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News
Charles Prideaux to step down from BlackRock
Prideaux appointed to current role earlier this year
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Features
President Trump
The election of Donald Trump as US president represents a sea-change in politics and for a second time in less than six months, following the UK’s Brexit vote, investors are left unscrambling the implications for markets over various time horizons.
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Features
ATP: Steady as she goes for ATP
The announcement of Christian Hyldahl as ATP’s new chief signals a steady-as-she-goes approach in turbulent financial times, at the same time as a strong focus on operational efficiency for the giant Danish labour market pension fund.
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News
Liam Kennedy: Political uncertainty is back like never before
For the second time in less than six months, investors are left scratching their heads
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Features
Switzerland's pensions debate: Negative for longer
Switzerland is engaged in a debate not just about its pension reforms, but also wider issues of intergenerational fairness and the stability of the second-pillar pension system
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Special Report
Multi-Asset Strategies: Can you beat it?
Investors have for years used a 60% allocation to equities and a 40% allocation to bonds (sometimes inverted) as a simple and informal benchmark for an investment strategy
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Interviews
Strategically speaking: Affiliated Managers Group
The business philosophy of AMG is a consistent one: grow revenue and cash earnings per share by taking stakes in best-in-class boutique asset management businesses. Repeat the exercise
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News
EIOPA calls for new powers to create pan-European personal pensions
Chairman says CMU project should prioritise supervisory convergence
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Features
An industrial revolution
There used to be a stark divide in pensions, particularly in the UK and the US, with a high level of security in defined benefit (DB) and a low level in defined contribution (DC)
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Interviews
Strategically speaking: TIAA Global Asset Management
TIAA has been on an expansion path in recent years. The organisation is now busy repositioning itself
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Features
Sharp tools needed
Some contend that book reserve pensions took root in Germany because funded pensions, such as they were, had been wiped out in the hyperinflation of the 1920s
