All articles by Liam Kennedy – Page 7
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Special Report
Not another framework….
Inconsistencies in ESG reporting between corporates and across sectors are widely known. This patchwork quilt of reporting mirrors the array of frameworks and standards for corporate sustainability reporting.
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Opinion Pieces
Nasty problems can be overcome
The Nobel laureate Bill Sharpe once called defined contribution (DC) decumulation the “nastiest, hardest problem in finance”.
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Interviews
Strategically Speaking: Insight Investment
Insight Investment’s asset management roots are in the structural shift over the past two decades to closed-book defined benefit (DB) pensions in the UK and elsewhere.
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Country Report
Netherlands: View from the top
Gerard van Olphen, chair of the executive board at APG, discussed the agreement with Liam Kennedy at IPE’s Summer Pension Congress
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Opinion Pieces
A long sunset on a fragile model
The ECB’s move in September 2019 to lower rates and restart corporate bond purchases was a clear red warning signal to defined benefit pension funds and other liability-driven investors.
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Interviews
Strategically speaking: Saker Nusseibeh, Federated Hermes
At first sight, the two sides of Federated Hermes seem culturally distinct. Federated is a staid, family-controlled, and Pittsburgh-based money manager with a history of providing services to bank trust departments. Hardly a hotbed of ESG or shareholder engagement, you might think.
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Special Report
Top 1000 Pension Funds 2020: Europe’s €8trn pension pot
This year’s 7.25% increase in overall assets for IPE’s Top 1000 European Pension Funds 2020 sample to €8.3trn must inevitably be seen in light of 2019’s strong year for asset returns and 2020’s tumultuous COVID-19-related market crash. By comparison, the overall asset increase in 2019’s survey was 6.93%.
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Opinion Pieces
Dutch pensions: the next chapter
For those who have been following the cumbersome multi-year saga of Dutch pensions reform, the latest wrinkle might seem trivial.
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Asset Class Reports
Credit: PGGM - A partnership approach
PGGM has taken its credit-risk-sharing strategy a step further by forging a partnership with Sweden’s Alecta
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Opinion Pieces
The shape of capital to come
In the Netherlands, the Afsluitdijk is a 32km by 90m dyke and causeway running between the provinces of North Holland and Friesland
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Interviews
Strategically speaking: Dimensional Fund Advisors
“Implementing the great ideas in finance for clients” is the stated mantra of Dimensional Fund Advisors’ founder and executive chairman David Booth. But at times of market stress and volatility, such as this year and in March in particular, even the most sophisticated and long-term-focused investors can question the validity of great ideas.
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Special Report
Top 500: Ebb and flow of a rising tide
2019 saw a stark increase in global assets as measured in our annual survey of the world’s leading asset management groups
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Special Report
Phenix Capital: Measuring the market
A new report by Amsterdam-based Phenix Capital runs the rule over the growing marketplace for impact funds
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Special Report
Impact investing: Build back better
It is a common observation – supported by the likes of the World Bank and the United Nations – that incorporating resilience into communities after a natural disaster helps prepare them for future catastrophes. This is known in the jargon as ‘building back better’.
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Opinion Pieces
Guard against mission creep
As the impact of the coronavirus continues to make itself felt, largely out of sight in hospitals and care homes, the parallel with today’s social, market and economic situation feels unusually apt
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News
Phenix launches impact fund rating service
Amsterdam-based consultancy has already rated 40 managers’ funds prior to debut
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News
Sector biases skew low vol smart beta performance in downturn
US low volatility strategies fail to provide downside protection in 2020 crash
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News
IPE Survey: Pension funds fend off COVID-19 effects
At least three participating funds reported a fall in value of up to 15%
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News
Obituary: Fritz Janda of Austria’s pension fund association
The death has been announced of the long-serving managing director of the Austrian Fachverband der Pensionskassen
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News
BlackRock bond CIO sees buying opportunities
Selective potential in high yield where collateral and covenants are better