All IPE articles in May 2005 (Magazine)
View all stories from this issue.
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Features
ABS market forges ahead
Europe’s asset backed market enjoyed pretty good health in 2004 – fewer downgrades than upgrades, hardly any defaults, and narrowed spreads. And, says Denis Badalucco, manager of HSBC Asset Management’s Asset Backed Securities (ABS) funds, liquidity also improved over the course of the year. “For our money market asset backed ...
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Features
Trend to direct accounts
A clear trend emerges from the research by SüdProjekt that directly held portfolios as used in Anglo Saxon markets by investors will become more frequent in 2005 in Germany. Just over half of investors surveyed covering 45 institutions with assets over E700bn, will allocate more assets here, almost 30% significantly ...
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Features
Looking after your family's financial health
The past five years have proved to be a bit of a learning curve for investors, who have been confronted with the true nature of the risk involved in investment management. High-net-worth families have been no exception and the process of wealth management has evolved on several fronts. Alex Scott, ...
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Special Report
Animal welfare on agenda
New scientific research is beginning to confirm consumers’ instincts that farm animals have feelings, and that their welfare and humane treatment not only ensures higher quality food but is worth paying a premium for on moral grounds. While sales of free range eggs and other pro-animal welfare products are on ...
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Features
All-embracing reforms
Following the launch of his green paper on ageing, commissioner Spidla told reporters on 18 March that Europe’s falling birth rate and longer life expectancy is not just about older working populations and pension reform, but affects “almost every aspect of our lives”. Pension reform is not explicitly dealt with ...
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Features
The role of multi-managers within asset allocation
When asked the question of what role multi-managers should play within the asset allocation requirements of plan sponsors, it is worthwhile considering the current usual arrangements. The traditional mechanism usually involves a sequential and linear relationship between the plan sponsor, the appointed actuarial and benefits consultancy and the appointed fund ...
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Features
Tapping sources of alpha
The total investment return from an asset portfolio can be divided into two components: q Alpha – the return from taking active risk (ie, not mirroring the market or a proxy thereof, such as an index); and q Beta – the return from taking on exposure to market risk. It ...
