More comment – Page 46
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News
IPE Views: Beware the stimulus hype
Spending on infrastructure and housing may not provide the UK’s sought-after productivity boost
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Features
President Trump
The election of Donald Trump as US president represents a sea-change in politics and for a second time in less than six months, following the UK’s Brexit vote, investors are left unscrambling the implications for markets over various time horizons.
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Features
Back to basics
There is a danger that the investment world could pay too much attention to geopolitics in 2017. Although politics is important, there is a risk its current high profile could obscure more fundamental factors.
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Opinion Pieces
Letter from the US: State boost to pensions
Next year will start with a new initiative in the US pension fund industry – the launch of the first retirement savings plan created by a state for private-sector employees. Washington State is the pioneer with its Small Business Retirement Savings Marketplace, and it will be followed by other states.
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Features
Hedge funds deserve more love
There is a disconnect between perception and reality when it comes to hedge funds which could lead to poor decisions by institutional investors.
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Opinion Pieces
Long-Term Matters: Carbon footprint envy
An explosion of providers and events promise to turn investors into low-carbon heroes. Even campaigners use it to benchmark managers. What will it deliver? Raj Thamotheram writes
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Opinion Pieces
Guest Viewpoint: Jon Little - Northill Capital
“Successful managers are hard to find but those that do exist generally share some common characteristics”
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Features
Switzerland's pensions debate: Negative for longer
Switzerland is engaged in a debate not just about its pension reforms, but also wider issues of intergenerational fairness and the stability of the second-pillar pension system
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Features
Trump fixation obscures bigger picture
Donald Trump is such a lurid character (to put it politely) that it is all too easy to become obsessed with him. That helps explain why there is so much fraught discussion of him even outside the US
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Features
Emerging markets make no sense
After poor performances over the past three years, which led to large outflows, EM assets are finding their way back into institutional portfolios
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Opinion Pieces
Long-Term Matters: The lost decades
Evidence is emerging that the oil and gas sector knew about the risks of climate change for 40 years and buried this information. Had the world started decarbonising earlier, we could have done more to protect biodiversity and human life
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Opinion Pieces
Guest Viewpoint: Chris Curry - Pensions Policy Institute
The pensions world is constantly changing. In the UK, more DC savers, coupled with recently introduced flexibility of access, will increase the levels of risk and complexity for many
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Opinion Pieces
Letter from the US: Endowment rethink
Should other university endowments follow the Yale model or is it time to rethink how they invest and take a simpler approach, such as an indexed 60/40 portfolio? That is the big question for NP ‘Narv’ Narvekar, who becomes the CEO of Harvard Management Company (HMC) in December.
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Opinion Pieces
Letter from Brussels: Pan-EU private schemes for 2017?
Legislation proposing pan-EU personal pension products (PEPPs) could be tabled in 2017, according to the European Commission
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Features
An industrial revolution
There used to be a stark divide in pensions, particularly in the UK and the US, with a high level of security in defined benefit (DB) and a low level in defined contribution (DC)
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Features
A dollar decline is overdue
For anyone who follows currency trends, and indeed asset markets more generally, the triennial survey from the Bank for International Settlements is invaluable
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Features
Rethinking political risk
In recent conversations with investors about the prospects for global growth, the focus seemed to be more on the upcoming US election and Brexit than on economic fundamentals. It struck me how musings on political risk can influence an investor’s view on long-term market returns.
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Opinion Pieces
Long-Term Matters - Addicted to dumb ideas
With the UK retailer Sports Direct in the news, it is worth recalling what one large investor said only 12 months ago
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Features
Governance Practices: Between rhetoric and reality
Without behavioural change, recent adaptations in the governance practices of European pension plans merely amount to re-spraying an old car when an entirely new model is needed, according to Sally Bridgeland and Amin Rajan
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Opinion Pieces
Guest Viewpoint: Peter Kraneveld - International Pensions Adviser
Pension funds are not about politics, but their investment portfolios include political risk
