All IPE articles in November/December 2025 (Magazine)
View all stories from this issue.
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Country ReportWho’s who in Nordic pensions
Pensions investment is big business in the Nordic region, with six of Europe’s 10 largest pension funds located in Norway, Denmark or Sweden. IPE profiles six figures whose decisions are critical for Nordic pension funds
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Special ReportSeeking a safe jurisdiction in a legal storm
Europe and the US offer institutional investors different forms of recourse with their respective opt-out and opt-in legal systems
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Special ReportViewpoint: Michael Pedroni, Highland Global
“The path forward for an asset manager is to engage with authentic, consistent communication about what serves investors best”
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Special ReportPass-through voting gains traction
Pass-through voting has been on the rise as asset owners take up opportunities to have more control, but will it strengthen sustainable outcomes or could it weaken collective impact?
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Special ReportThe missing lever in pooled fund governance
There are arguably three levers in corporate governance available to active equity holders: they can exit, they can vote and they can sue.
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AnalysisEuropean pension funds pile into private markets
Institutional investors in Europe are boosting allocations to private credit, despite concerns about the quality of debt deals
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Asset Class ReportsTime for more European private equity?
Investors are increasing allocations to European private equity funds, where smaller company buyouts and emerging sector specialisations are key strengths, reports Joseph Mariathasan
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Country ReportVER's Löyttyniemi prepares for an elegant exit
Timo Löyttyniemi, CEO of Finland’s VER, retires next year after 18 years in the role. But, as he tells Rachel Fixsen, he very much plans to remain in the industry
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Special ReportEasing the path for European institutions to launch securities litigation
Corporate scandals, tighter regulation and increased fiduciary duties have all boosted the numbers of pension funds seeking financial redress
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Asset Class ReportsDown, but not out: Private equity enters a recovery phase
GPs are staging a comeback after several years of disappointing returns
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Special ReportREST Super: a pension fund in the dock
Pension funds are not just involved in class actions as plaintiffs or claimants. Sometimes they are on the other side of the courtroom as defendants.
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Special ReportNet Zero: Front Line Dispatches
The vast majority of countries have missed their deadlines for setting new emission reduction targets under the Paris Agreement. last-minute announcements before this year’s Belém COP, however, mean that there is now a critical mass of new nationally determined contributions.
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InterviewsPKG Pensionskasse: Investing with discipline and patience
Diego Liechti, the new CIO of PKG Pensionskasse, explains the Swiss pension fund’s investment strategy to Luigi Serenelli as it steps up its exposure to illiquid assets
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Country ReportSweden and Denmark: a tale of two equity markets
Sweden’s equity market is powering ahead while Denmark’s languishes thanks to its high pharma and green energy exposure. The two countries’ pension funds also differ in their approach to local markets
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FeaturesPrivate credit makes its debut in ETF guise
Liquid and semi-liquid structures are broadening access to the $2trn private markets universe, particularly following the launch of ETFs containing private credit allocations
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Opinion Pieces“The oil and gas majors are constrained by a legacy of their own success”
The oil and gas (O&G) majors seem perfectly positioned to lead the energy transition but why are they struggling to do so?
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Opinion PiecesViewpoint: “Governments are considering imposing domestic mandates to force domestic investment”
Over the past 30 years, pension funds have accumulated trillions in pension assets by investing in high-performing global portfolios. Key to their success has been the ability to invest free from government pressures.
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Special ReportThe climate dilemma: why mining and tech companies are proving complicated for net-zero investors
The mining industry is estimated to be directly responsible for 4-7% of global greenhouse gas emissions. When Scope 3 emissions, including those from coal-fired power generation, are included, that figure leaps to nearly 30%.
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InterviewsClearstream Fund Services: “We are now the disruptor ourselves”
Clearstream Fund Services is poised to capitalise on the democratisation of private markets, as Philippe Seyll tells Joseph Mariathasan
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Asset Class ReportsConcentrated portfolios: How investors are challenging common wisdom by reverting to old-fashioned stock picking
For equity investors of all kinds, the clear trend of the past few decades has been a shift away from stock picking and towards broadly diversified portfolios, managed through passive index exposure or, at most, passive-enhanced or quantitative strategies.
