All IPE articles in May 2005 (Magazine) – Page 3
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Features
Mercer expanding multi-manager service
International consultant Mercer says plans are “well under way” to expand its new multi-management service into the UK, Ireland and continental Europe following its US launch. The new business will use research into asset managers from Mercer Investment Consulting. Mercer says its Mercer Global Investments arm has now formally launched ...
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Features
Lessons for Europe
In 1981 Chile adopted a new pension system that has set a controversial pattern around the world. Unlike traditional systems, benefits are financed by investment accounts owned by workers. Chileans are sensitive about the starting point of their system, under Pinochet. But they do not worry about whether their system ...
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Features
Europe following US example
There has been huge growth in the demand for currency management over the last two years, managers report. Institutional investors are seeking both to reduce the risk of foreign exchange fluctuations while at the same time making the most of the opportunities for profit. Currency can be managed through a ...
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Features
The eternal triangle
The pension problem is simple: a question of assets, liabilities and the difference between them - an asset or liability. Risk is mostly simply and generally defined as the rate of change of an object. The rate of change of an asset’s value, its risk, we know by the term ...
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Features
Diversification key strategy
Starting anything with a clean slate has an obvious appeal. On this principle, many pension funds choose to do away with the risk of currency fluctuations within their overall portfolio before attempting, separately, to add value through active currency management. Dutch pension fund PGGM says that from an asset liability ...
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Features
Marketplace of discontents
As wary German investors emerge from the double-trauma of mistimed investments and stockmarket turmoil and decide how to move forward when their traditional haven of fixed income lies barren with yields at record lows, a well-meaning regulator is doing more harm than good. As in other walks of life, being ...
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Features
Tide running custodians' way
Regulatory changes – so often the bane of a custody bank’s life – are proving to be a boon for foreign custodians in Germany. A raft of securities industry reforms made over the past few years are opening up what for many years has been a relatively closed market. Recent ...