All articles by Liam Kennedy – Page 21
-
Features
Risk abides, man changes his mind
Financial risks grow and subside with economic cycles but always remain. Human attitudes towards them also vary. Arguably they matter more and often change the most. Allianz Global Investors’ first RiskMonitor survey, conducted in conjunction with IPE, paints a picture of pension funds’ current attitudes to risk and how they are changing.
-
NewsInfrastructure: The road to salvation or hell?
Liam Kennedy looks at the reasons for and against infrastructure investments.
-
Features
Liam Kennedy: Infrastructure pains
The US pioneered the development of modern fast roads with its interstate highway network in the 1950s and 60s. Yet the August 2007 collapse of the Mississippi Bridge in Minnesota highlighted the decrepit state of some of this infrastructure. And it is not just roads that need to be developed.
-
NewsHermes Fund Managers to offer 'internal consultancy'
Plans to share with clients same reporting seen by trustees of BT Pension Scheme.
-
Features
Liam Kennedy: A tale of two CIOs
APG in the Netherlands and Hermes in the UK – two pension management organisations that are owned by their largest client, respectively the largest pension funds in their two countries.
-
Features
Meet the new investment office
Saker Nusseibeh, head of investment at Hermes Fund Managers, sees something wrong in the current system of pension fund management, which he believes prioritises product proliferation and a mentality of ‘buyer beware’ over trusted advice.
-
Interviews
Accent on EM capability
Rudolf Apenbrink, HSBC Global Asset Management’s new EMEA CEO, outlined his firm’s strategy to Liam Kennedy following the integration of its Halbis and Sinopia brands
-
News
SPW pension fund blames 4Q loss on extensive hedge
€5.8bn scheme for Dutch housing corporations also cites rising long-term interest rates.
-
Features
Liam Kennedy: Risk handicap
“Political risk is the hardest of all to handicap”, a well-respected analyst told me recently. Many investors largely disregard the political risk factor in emerging markets after the likes of Goldman Sachs successfully propagated the BRICs narrative and the old story of ‘risky’ emerging markets and ‘safe’ developed markets was ...
-
NewsEmerging economies face daunting ageing problem, Zoellick warns
Many of the youngest countries show fastest growth in ageing, according to World Bank president.
-
Country ReportThe Netherlands: Panic football or a long game?
Dutch opinion is divided over the regulatory reaction to the recent financial shocks, find Liam Kennedy and Mariska van der Westen. Whatever the outcome of the planned overhaul to the FTK, good communication will be essential
-
Features
Liam Kennedy: Advice, please
Few consultants wear their heart on their sleeve when it comes to the outcome of their advice to pension funds in terms of hard numbers.
-
NewsVan Nunen joins Syntrus Achmea, gives up Dutch consulting
Van Nunen to act as liaison between scheme boards and employer, acting as fiduciary manager.
-
Features
Fiduciary expands in UK
Towers Watson received important backing in October for its implemented consulting offering following its appointment to an expanded ‘delegated CIO’ brief by the £3bn (€3.5bn) UK Merchant Navy Officers’ Pension Fund (MNOPF). Terminology aside, this is a fiduciary management agreement and as such is the largest in the UK to ...
-
News
Editor's choice: How Hugo Lasat at Amonis runs his money
Liam Kennedy asked Hugo Lasat, CEO of Belgium’s Amonis, about the challenge of running a pension fund after a career in asset management and private banking
-
NewsTrickett to leave Towers Watson
UK – Towers Watson has informed staff and clients of the departure of its EMEA head of investment consulting, Paul Trickett.
-
News
MNOPF reappoints Towers Watson as delegated CIO, seeks new adviser
UK – The £3bn (€3.5bn) Merchant Navy Officers’ Pension Fund (MNOPF) has re-appointed Towers Watson as its delegated CIO and is finalising an RFP for the appointment of an ongoing adviser.
-
Features
Challenging beginnings
Liam Kennedy asked Hugo Lasat, CEO of Belgium’s Amonis, about the challenge of running a pension fund after a career in asset management and private banking
-
FeaturesNetherlands: Towards constitutional rights
Two major reports on pensions set a challenge for the incoming Dutch government, writes Liam Kennedy
-
Special Report
Fiduciary/Delegation: Your faithful friend?
Liam Kennedy assesses the European market for fiduciary management. Where the earliest fiduciary contracts outsourced almost the entire value chain of pension management, more recent agreements centre on different levels of delegation, and managers are having to learn new tricks
