All IPE articles in October 2001 (Magazine) – Page 2
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Features
Equity lessons to be learned
When we talk about the devastating effects the US terrorist attacks have had in the equity markets, we have to remember that this has been the last chapter of very long market underperformance. Concerns among institutional investors about returns in their equity portfolios did not start after last month’s dramatic ...
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Features
Spezialfonds' growth rate eases
Is the rate of expansion of the German institutional investment market on the wane? The vehicle most used by local institutional investors is the Spezialfond and according to this year’s Kandlbinder report which is issued as separate supplement with this issue of IPE, the rate of growth of these vehicles ...
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Features
Keeping our powder dry
World financial markets are at a critical juncture awaiting the US political response following the terrorist attacks in New York and Washington. The shock comes at a time when tentative signs that the monetary easing witnessed this year were starting to impact the US economy. The key consideration now is ...
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Features
Opening the door to prudent men
The first pillar in Switzerland is represented by the pay-as-you-go AHV/IV pension scheme. Generally, all persons living in Switzerland are insured within AHV/I that covers the existential needs in case of old age, disability and death. The minimum pension for a single person amounts to e8,000 per year and the ...
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Features
Doctors' healthy fund
Like most Danish pension funds, the Copenhagen-based Laegernes Pensionskasse (LPK) is a defined contribution (DC) arrangement, but operates under the guaranteed return basis. This requirement is raising real concerns in parts of the pensions and insurance sectors, since they both work under the insurance law. “We have different rates of ...
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Features
Going international and going directly
With around SEK 350bn (E36bn) assets under management, Swedish mutual insurance company Alecta, is the largest manager of pensions asset in the Nordic region. Formerly SPP, Alecta’s main core business is the occupational pension ITP, based on an agreement between the confederation of Swedish enterprise and the federation of salaried ...
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Features
Europe: a difficult jigsaw
The problems in European pensions are structural, Paul Audu, head of investments at the London Borough of Hackney £500m (E790m) pension fund told the North European Pensions & Investing conference in Copenhagen last month. “Wide ranging reforms are needed – the pensions market in Europe is incoherent due to differences ...
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Features
Ground set for development of schemes
Some rather radical changes have taken place lately within the pension legislation in the private sector. A completely new act on occupational pension schemes – Act of Defined Benefit Schemes – allowing deductible contributions has been passed. This act replaces earlier regulations of defined benefit schemes pursuant to the Taxation ...
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Features
US managers defiant
The determination of companies affected by the attacks on the World Trade Centre to get back to business is something to behold. Few following events in America can have missed Cantor Fitzgerald chief executive Howard Lutnick’s emotional interview on ABC news. Over 400 companies were housed in the two towers, ...
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Features
Future date with pension funds
Pension funds are on the way in France. The next move will most likely come after the next presidential and parliament elections in spring 2002. This will help to give flexibility to the French retirement system and to meet the objective to provide for a decent replacement ratio and to ...
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Features
Ironing out the creases
Austria’s pensions and asset management industry remains relatively undeveloped but changes are afoot that will change the landscape for good. As more companies are coaxed by the government and more appreciate the predicament of their employees, so the number of multi-employer funds and corporate schemes increases. Billions of euros stored ...
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Features
Working the corridors of power
Since its formation in 1981 the European Federation for Retirement Provision has undergone dramatic structural changes, whilst remaining faithful to the aims set out at its first gathering in Paris in September of that year. Originally established under a brief constitution, the stated purpose of the organisation was to “represent ...
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Features
Why core plus strategies win
Over the past 20 years, as real estate has come to be an accepted part of a diversified institutional investment portfolio, strategies for investment in real estate have expanded across the entire risk/return spectrum. Investment options now range from low risk/low volatility strategies, some of which offer almost bond-type characteristics, ...
