All articles by Martin Steward – Page 13
-
Features
Hey you, get onto my cloud
Martin Steward talks to SRL Global about bringing cloud-computing hedge fund portfolio infrastructure to the pensions community
-
NewsMartin Steward on Stewardship
The Stewardship Code can be a valid investment strategy, but it certainly isn't for everyone.
-
Special Report
The Engaged Investor: Philosophy… or strategy?
Martin Steward talks to activist investors about how they justify the costs and risks of engaged ownership
-
Asset Class Reports
Small & Mid-Caps: Small is beautiful
epoThe global small-caps universe is one of great diversity and opportunity. Joseph Mariathasan and Martin Steward speak to some top managers about their portfolios
-
Interviews
Consolidating and concentrating
There has been a lot of change at Finasta Asset Management over the last two years. In 2009 parent company Finasta Group was sold by Lithuanian heavyweight Invalda to Bank Snoras, which had its own asset management outfit. This division was merged with Finasta Asset Management at the beginning of 2010, creating a rather odd-looking entity that was ripe for ‘synergies’.
-
Interviews
Positioned for the new era in pensions
There are some clear long-term trends in pension asset management in Europe. Collective is giving way to individual provision. Defined benefit (DB) schemes are closing, crystalising liabilities and deficits, and implementing LDI programmes. This, together with accounting and capital adequacy standards and the decumulation phase of an ageing demographic, is pushing funds into fixed income. Where growth assets are still required, investors look beyond domestic markets because growth is expected to come from emerging economies.
-
Features
Still at the station
Investors cursing themselves for missing the private equity secondaries train in 2009 can still get onboard, finds Martin Steward
-
NewsATP Private Equity Partners 'optimistic' about venture capital
Partner Klaus Rühne argues macroeconomic environment is now right for VC.
-
NewsEmerging markets, growth and income next for PIMCO equities
US fixed income giant to hire team for global growth and global income equities.
-
NewsHedge fund assets back to pre-crisis levels, says HFR
Assets managed in the hedge fund industry are almost back to their pre-crisis highs.
-
NewsStewardship 'may be incompatible' with pension fund governance
GLOBAL – Stewardship, far from being a good fit with the aims and interests of long-term investors, may require a radical re-think of, and may be incompatible with, the way pension funds invest.
-
NewsInvestors bringing private equity in-house, says Coller survey
GLOBAL – Well over a third of US and European private equity investors will reduce or end their exposure to funds of funds over the next three years, and among pension funds, half believe they could improve returns if they were allowed to hire more investment staff.
-
Special Report
Fees: Beta-zero fees
Bernd Scherer tells Martin Steward that asset managers should take a good look at – and possibly hedge – the market risk embedded in their fees. How might that change the relationship with clients?
-
Special Report
Fees: Just rewards
Unfairness, high levels, perverse incentives: fees are always guaranteed to raise temperatures. Martin Steward considers some imaginative proposals for alignment of interests
-
Interviews
Latin translation
“We have a saying in Spain,” says BBVA’s head of global asset management Luisa Gómez Bravo. “‘No vendas la piel del oso antes de haberlo cazado’.” Don’t sell the bearskin until you’ve hunted the bear. The proverb comes in response to the question of how the €140bn asset management unit of one of the biggest global banking brands remains so little-known among Europe’s institutional investors.
-
NewsEDHEC survey shows modest but growing use of ETFs by pension funds
EUROPE – European pension funds remain modest users of ETFs, but their participation is growing.
-
Special ReportAsset Allocation: Raincoat and sunglasses
Today’s distorted and correlated markets confound asset allocation. Martin Steward asks when normalisation will be restored, and how to manage the transition
-
Asset Class Reports
Hedge Funds: Angling for alpha: pension funds talk hedge funds
When he isn’t managing the alpha traders at Denmark’s state pension fund, ATP Alpha CEO Fredrik Martinsson likes nothing better than to get out with his rod and line – so it’s no surprise that he reaches for an angling metaphor to explain his understanding of alpha.
-
Features
Get converted
The convex payoff of convertible bonds is well-suited to these uncertain times. But Martin Steward asks how easy – or desirable – it is to maintain optimal convexity
-
Interviews
Winton’s global equity strategy
The West London offices of Winton Capital Management, best known for the diversified managed futures programme that has helped it grow into one of Europe’s biggest hedge funds, feel more like a university campus than an HQ of an asset management firm.
