All IPE articles in November 2022 (Magazine)
View all stories from this issue.
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Opinion PiecesNext up for Switzerland: second pillar reform?
The narrow majority of Swiss citizens voting to reform the country’s statutory (AHV) pension system in a referendum on 23 September (52.2%) could create momentum to bring about changes to the second pillar.
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Asset Class ReportsPrivate markets report
Our report looks at the impact of economic uncertainty on private debt strategies and on venture capital. We focus on the rising role of pension funds in the private equity secondaries market. We explain in detail what ‘tokenisation’ of private assets is and how it could change this market for institutional investors.
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Opinion PiecesAn uncertain outlook for UK pension journey plans
Following the Bank of England’s (BoE) emergency intervention announced on 28 September to stem the sell-off of long-dated UK government bonds, UK defined benefit (DB) pension funds were kept busy, as falling Gilt prices over the past weeks caused mark-to-market losses in liability-driven investment (LDI) strategies.
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Asset Class ReportsPrivate markets: Is tokenisation a good idea?
Digital tokens are being promoted as a way for small investors to access private assets
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Country ReportSpain: Industry gives a partial thumbs up to pension proposals
Can Spain’s new workplace pension system work well without auto enrolment?
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FeaturesPension funds on the record: how they manage LDI
Pension funds reflect on the role of LDI in their portfolios and the risks associated with an unlikely, but not impossible, sudden rise in interest rates
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Country ReportPortugal: Pension funds navigate uncertain times
Schemes are employing defensive measures to protect against portfolio risk
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FeaturesUK LDI woes raise wider European questions
Turmoil in UK Gilt markets has forced continental European pension industries to review their risk management strategies
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Special ReportESG: Joined up thinking required
At last year’s Conference of the Parties, COP26, the financial sector stole the show.
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Special ReportESG: Taking a lead on private market ESG
Anna Follèr believes there is no asset class better suited to tackle ESG and sustainability than private equity.
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Special ReportESG: Leading viewpoint - write off ESG at your peril
ESG’s current travails are a mid-life crisis out of which something better and fitter will emerge
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Special ReportSpecial Report – ESG
Our report looks at the ESG through the prism of private markets, with coverage of SFDR and an interview with Anner Follèr, head of sustainability at Sweden’s national private equity investor AP6
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Special ReportESG: Spotlight falls on ESG executive pay incentives
Executive pay is increasingly tied to sustainability targets and investors want to ensure incentives are properly designed
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Special ReportESG: Leading viewpoint - private equity GPs are stepping up to the plate
Private equity firms can be a powerhouse for responsible investment
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FeaturesSingle versus double materiality: ISSB faces inconvenient truths
Climate change denial has been a tough ask this summer. Forest fires raged across Europe, part of a London suburb caught light, and hurricane-force winds left a trail of destruction in southern Austria. The doom loop was complete when falling river levels left France’s nuclear power plants battling to produce enough energy to meet the demand for cooling.
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FeaturesDistributed work: a novel solution for displaced workers
What COVID has taught the world so dramatically is that knowledge-based companies have been able to function effectively with all their employees working remotely. Location suddenly no longer matters, and many employees have taken advantage of lockdowns to cross borders and work in places they wanted to be in, whether holiday resorts or with family.
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Special ReportESG: Interview - Julian Poulter of The Inevitable Policy Response on ‘disorderly transition’
It is hard to stay positive about the climate transition when listening to Julian Poulter. The head of investor relations at Inevitable Policy Response (IPR), the climate policy forecast run by the Principles for Responsible Investment, has been working on climate change since 2009, when he was CEO of the Asset Owners Disclosure Project. But while many green-finance veterans are giddy about the snowballing interest in net zero, Poulter is feeling less bullish.
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Special ReportESG: Private equity faces disclosure scrutiny
The CSRD will see a fourfold increase the number of corporates subject to sustainability reporting requirements, placing increased demands on private equity firms
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Asset Class ReportsPrivate markets: Private debt investors stand their ground
Despite the likely rise in corporate default rates, private debt is expected to deliver for investors
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Special ReportESG: Debate - Double or single materiality?
Two leading academics discuss the investment benefits of single versus double materiality
