All IPE articles in November 2001 (Magazine)
View all stories from this issue.
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Features
Post the 11th
Reports in the media suggest that the terrorist attack in the World Trade Center on September 11 have ‘changed the world forever’. For those directly involved that must tragically be true. However, in the broader sense, what has changed in the professional lives of those of us involved in the ...
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Special Report
Added impetus for SRI?
The UK government has announced in its response to the consultation on principles of operation for UK pension schemes proposed by Paul Myners that it will legislate to incorporate the US ERISA principles on shareholder activism into UK law. This would make it a duty for fund managers and pension ...
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Features
No almighty black box
There are currently a number of high profile risk assessment services available to the investment management industry. Upon closer examination, few of these appear to be delivering the goods. The basic thrust of each of the services is that a statistical model of risk is calibrated by reference to historic ...
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Features
Transparency/liquidity needs of alternative investment
In the past, alternative investment strategies (AIS), such as hedge funds and managed futures investing has been dominated by high net worth investors. They were willing to bear the disadvantages of the mostly illiquid and non-transparent but steadily returning investment strategies. Due to the attractive risk-reward characteristics of AIS as ...
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Features
An 'untraditional' multi-manager approach to alternatives
Transparency? Defined risk management? Short lock-up periods? Fee-sensitive? A fund that can handle critical mass? Do these sound impossible? Think again. These are hedge fund characteristics that investors have been seeking with little or no success in recent years – and with the new problems that lie ahead since the ...
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Features
Down to earth approach
The electricity sector in Spain is among the industries that historically have always provided a benefit to complement the social security pension system for their employees, and Unión Eléctrica Fenosa is no exception. Until 1993, the company itself was responsible for looking after this complementary benefit which was provided directly ...
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Features
Taking a 'pure' approach to long-short equity
CDC IXIS Asset Management has recently enlarged its investment capabilities through the creation of a ‘Long-Short’ Equity Fund. This hedge fund will, in turn, reinforce company expertise in alternative investment products, targeting an institutional clientele of qualified investors. The acquisition of the American holding company Nvest at the end of ...
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Features
An emerging asset class
It’s 20 years since the UK government started issuing index linked bonds, and unlike the fixed rate bond market, the sector has until recently been largely bereft of corporate issuance. That’s changing, as low yields and strong demand from key investors encourages mainstream UK companies to borrow money in index ...
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Features
Tax breaks needed to get assets moving
A year ago Spanish companies were working against the clock to meet the government’s deadline for externalising their pension reserves through a pension fund or an insurance contract before the end of the year. The industry, which has been quite since the first pension funds were created at the beginning ...
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Features
The attractions of real estate
UK and other European pension funds are going to have start taking property seriously again. It has taken some time but over the 10 years to 30 September 2001 property has at last overtaken the other main asset classes. With UK equities returning 10.1 % per annum, overseas equities ...
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Features
Hunting for the bargains out there
Magnifying an existing trend appears to be the consensus view emerging among fixed income fund managers as to the main economic effects of the terrorist attacks and subsequent retaliations. For Matthieu Louanges and his colleagues at Allianz-PIMCO, the markets have moved rapidly – over the space of a few days ...
