All articles by Liam Kennedy – Page 8
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Opinion PiecesSocial purpose: the new dimension
Investors’ attention turned to human capital issues in 2020 as COVID-19 took hold – including the treatment of staff and other stakeholders, as well as dividend policy and executive pay in cases where companies have received taxpayer support.upport.
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News
IPE Conference Day 2: ESG asset allocation, responsible investing, corporate purpose
Timothée Jaulin (Amundi), Matthew Edwards (Willis Towers Watson), Alex Edmans (London Business School), and Fiona Stewart (World Bank) among other speakers
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News
IPE Conference Day 1: Global political risk, sustainability and resilient portfolios
Tina Fordham (Avonhurst), Elizabeth Corley (Impact Investing Institute), Amin Rajan (CREATE-Research), and Marg Franklin (CFA) among other speakers
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FeaturesUS endowments: Success breeds success
Perhaps no single group of institutional investors elicits as much fascination and admiration as US university endowments – in particular those of the Ivy League, and among that elite group the Yale and Harvard endowments in particular.
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Opinion PiecesResilience: how investors can secure it
Back in March 2020 as the extent of the coronavirus in western Europe was becoming clear, Risto Murto, president and CEO of the €49bn Finnish pension insurer Varma, called for the creation of “healthcare buffers” to mitigate the effects of future pandemics.
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News
Natixis completes Ostrum restructuring in JV with La Banque Postale
Ostrum will be looking to boost ESG integration within its corporate fixed income team of around 20 analysts
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Special ReportNot 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 PiecesThe looming trust deficit
Once again, European pension systems – notably those of the Netherlands and Denmark – have scored most highly in this year’s Mercer CFA Pension Index. These successes are no accident, and among the key ingredients is years of pragmatic and consensual policy making.
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InterviewsStrategically 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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Opinion PiecesNasty 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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Special ReportTop 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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InterviewsStrategically 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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Opinion PiecesA 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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Country ReportNetherlands: 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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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 PiecesDutch 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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Special ReportTop 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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InterviewsStrategically 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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Opinion PiecesThe 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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Opinion PiecesGuard 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
