All IPE articles in March 2021 (Magazine)
View all stories from this issue.
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InterviewsOn the Record: Securities lending
We asked two European pension investors how they reconcile their securities lending and short-selling activities with their responsible-investment policies
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InterviewsHow we run our money: Pensionskasse Manor
Martin Roth (pictured), CEO of Pensionskasse Manor, talks to Carlo Svaluto Moreolo about the fund’s diversification strategy and long track record in alternatives
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Special ReportUK green Gilts: UK joins the green party
A late-comer to green bond issuance, the UK plans to issue its first green Gilt this year
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FeaturesPerspective: Pooled investors gain a vote
A disruptive new service allows institutional investors in pooled funds to express their stewardship preferences. Will others follow suit?
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Country Report
What’s on the fiduciary landscape
The popularity of all-inclusive fiduciary management deals is likely to continue
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Opinion Pieces‘Whatever it takes’ may not be enough
Italy has another new government; the 67th since 1946. An argument over the management of EU COVID-19 recovery funds led to the appointment of Mario Draghi, the former president of the European Central Bank (ECB), as prime minister. He is after all credited with saving the euro-zone by pledging to do “whatever it takes” during the 2012 debt crisis.
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Special ReportNon-Financial Reporting Directive: ESG reporting upgrade
The EU has responded to calls for improved environmental-impact reporting standards
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Special ReportUK de-risking: More fuel for the risk-transfer train
As the UK leaves the EU, insurers and pension funds are watching potential changes to solvency rules and investment restrictions
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Features
Rising interest in EM debt
The weak dollar and low US interest rates are pushing governments and companies in emerging markets (EMs) to issue growing volumes of dollar-denominated debt.
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FeaturesFixed Income, Rates, Currencies: Priming the pump
Although COVID-19 infection rates are falling across many regions, the ‘success’ is more a reflection of lockdown restrictions keeping opportunities for virus spread low.
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Opinion PiecesCulture wars pose the greatest dangers
What areas within the increasingly bitter conflict between China and the West are most likely to hit asset owners?
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Opinion PiecesLetter from US: COVID and racial justice to the fore
The 2021 proxy season’s hot issues are human capital management related to COVID-19 and social justice. Several large US public pension funds are at the forefront of these campaigns together with non-profit shareholder advocacy organisations like the Interfaith Center on Corporate Responsibility (ICCR) and As You Sow, a non-profit foundation that promotes corporate accountability.
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Opinion PiecesGuest Viewpoint: Kerrie Waring, International Corporate Governance Network
This year, ICGN’s flagship Global Governance Principles will be revised as part of a three-year review. This year’s revision is set within a world facing systemic challenges: a global pandemic and climate change
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FeaturesHedge funds: Coping with low interest rates
Historical analysis suggests portfolios of certain quant hedge fund strategies may offset some of the risk of rising interest rates
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Country ReportCoverage ratio: Pensions facing contribution hikes
Funding pressures are forcing many pension schemes to increase their contribution levels
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FeaturesChina: Caught in the crossfire
The investment world is at risk of being caught in the midst of a ‘geoeconomic’ conflict between the world’s main economic blocs
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Asset Class ReportsEuropean Equities – Small caps lead recovery
European smaller companies have proven more resilient against COVID effects than their large counterparts
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Special ReportSustainability-linked bonds: More bonds to ease climate transition
Bank of China is the first large middle-income economy to issue transition bonds based on ICMA guidelines
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Special ReportPandemic booster shot for social bonds
Social bond issuance rockets in reaction to the coronavirus
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Special ReportGreen and social bonds: Lending with purpose
Social bond issuance rocketed in 2020 in reaction to the devastating social and economic impact of the coronavirus outbreak. New issuers of social bonds – which are dedicated to employment, public health and education – included the European Commission, the Bank of China and a large number of financial institutions and corporations, as we analyse in this report. The report also looks at the role of sustainability-linked bonds in supporting climate transition strategies, and covers plans for the UK to launch its first green Gilt this year.
