All IPE articles in November 2021 (Magazine)
View all stories from this issue.
-
Country ReportPensions reform: A middle way to reform the second pillar
A new proposal could win a majority in parliament
-
Country ReportPension reform: Second pillar in limbo
Spain pushes ahead with pension reform but there is little indication of the likely shape or timing of the second pillar
-
FeaturesResearch: A new understanding of investor satisfaction
Compelling statistics highlight the differences in the economic value of service quality in institutional markets
-
InterviewsHow we run our money: PKA
Michael Nellemann Pedersen, CIO at PKA, tells Carlo Svaluto Moreolo about the Danish pension provider’s investment philosophy
-
FeaturesPensions Insider: Silence can be golden
In the fifth of a series of articles aimed at empowering trustees, our insider gives an example of when openess could exacerbate a problem
-
Opinion PiecesNotes from Germany: Parties mull pensions
It all started with a selfie posted on social media. The leaders of the Green party Annalena Baerbock, candidate to be chancellor, and Robert Habeck posed with the Free Democrats’ Christian Lindner and Volker Wissing to show how serious they were to bridge the divide to form a new government coalition, prior to meeting with the winner of the election, the SDP’s Olaf Scholz.
-
Country ReportInvestment strategy: Shifting from fixed income
Swiss pension funds are rebalancing their portfolios but allocating to certain asset classes could prove challenging
-
InterviewsStrategically speaking: Finreon
Established 12 years ago as a spin-off from Switzerland’s renowned University of St Gallen, Finreon is a quant asset management specialist that styles itself as an investment adviser and a think tank. It has recently weighed into the debate on portfolio decarbonisation with a novel solution for listed equities.
-
Country ReportResearch: Healthy so far but reform still vital
Swiss pension funds have coped well with the effects of COVID but the pension system needs to be brought up to date
-
Country ReportESG: A green transformation
Swiss pension funds are moving their entire portfolios towards sustainability
-
Opinion PiecesLetter from US: University endowments setting the pace on fossil fuel divestment
US university and college endowments control more than $600bn (€517bn) of investments. Their policies often influence the behaviour of public pensions. So it is interesting to see whether Harvard’s recent decision to end its investments in fossil fuels will be followed not only by other universities but also by retirement systems.
-
Opinion PiecesCo-investment newcomers need to be selective
The US and UK are seeing a diminishing number of companies in the listed markets whilst the private equity (PE) markets are booming. For investors, that raises a number of issues, of which fees are an important one. Private equity fees are much higher than those of listed equity managers.
-
FeaturesPerspective: Songs strike a chord
A welter of recent private market deals and artists’ catalogue sales have moved music income strategies into the mainstream
-
Asset Class ReportsCo-investment: A capital idea
Co-investment can offer attractive deals to private equity investors but considerable funds are needed to access these opportunities
-
FeaturesFixed income, rates, currencies: Simmering tensions bubble up
After a reasonably peaceful summer – relative to the many previous volatile ones for capital markets, that is – simmering tensions are bubbling over, affecting many financial asset classes.
-
FeaturesBriefing: UK fiduciary management
In 2019, the UK government introduced reforms to the investment consultancy and fiduciary management sector. That followed a review by the Competition and Markets Authority (CMA) that identified competition problems.
-
FeaturesBriefing: Dutch fiduciary management
A new pensions agreement between the Dutch cabinet and social partners last year requires nearly all Dutch pension funds to switch to a new defined contribution (DC) contract. It includes a lifecycle system and personal pension pots. The idea is to combine collective and individual components in one pension agreement.
-
FeaturesBriefing: Insurance-linked securities
Hurricane Ida in late August and early September caused great damage to the southern coast of the US. Fortunately, for people in this area, insurance policies often cover destructions to their properties. Since covering such damage can lead to severe losses for insurance companies, they are keen to reinsure themselves.
-
Opinion PiecesGreen bonds – a ‘no-brainer’ paragon
Institutional investors are constantly searching for the elusive ‘no-brainer’ investment: the one that offers clear additional benefits without additional risk
-
InterviewsOn the record: Beware of the label
Three European pension funds share their views on greenwashing and discuss what to do about it
