All IPE articles in October 2019 (Magazine)

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  • nick reeve
    Opinion Pieces

    Time to talk pensions

    October 2019 (Magazine)

    At a press briefing last month, Bill Galvin, chief executive of the UK’s £68bn (€77bn) Universities Superannuation Scheme (USS), emphasised the importance of improving its communication policy. 

  • special report perspectives
    Special Report

    Management & outsourcing: The rush is on

    October 2019 (Magazine)

    Competition is intensifying among providers of data analysis and benchmarking solutions

  • luc vanbriel cio
    Interviews

    On the Record: Lower yields

    October 2019 (Magazine)

    After the ECB’s announcement of more QE, we asked two pension funds how they plan to manage the prospect of lower yields

  • gregor asshoff
    Interviews

    How we run our money: ZVK

    October 2019 (Magazine)

    Gregor Asshoff  (pictured), board member of ZVK, the pension fund for Germany’s construction workers, talks to Carlo Svaluto Moreolo about upcoming asset allocation shifts

  • jean paul delevoye
    Country Report

    System reform: A hot political plot

    October 2019 (Magazine)

    Pension reforms have reached a second stage as President Macron seeks to push through radical changes

  • storing up future pain
    Opinion Pieces

    Storing up future pain

    October 2019 (Magazine)

    Anyone who back in 2008 had accurately predicted what monetary policy would look like today would certainly have been regarded as unhinged. 

  • widening the reach
    Features

    Government Pension Investment Fund: Widening the reach

    October 2019 (Magazine)

    The president of Japan’s €1.3trn Government Pension Investment Fund (GPIF) reflects on the challenges of century-long stewardship

  • the second pillar evolves
    Country Report

    Pension regimes: The second pillar evolves

    October 2019 (Magazine)

    The second-pillar pension regime for private sector employees, AGIRC-ARRCO, is entering a new phase of its development

  • change in us real personal consumption expenditure
    Features

    Everything is still possible

    October 2019 (Magazine)

    Markets are on edge as a result of difficult economic and geopolitical forces. Risks are still skewed to the downside. Trade tensions have not abated, rather there is a possibility of further escalation in the future, which looks like reducing investment, and damaging already apprehensive outlooks.

  • tony dalwood
    Asset Class Reports

    Small & mid-cap equities: Public or private markets?

    October 2019 (Magazine)

    Public markets are shrinking while private markets are attracting huge amounts of capital. But it is still not clear which is the better bet

  • is the small cap premium truly significant
    Asset Class Reports

    The small-cap conundrum

    October 2019 (Magazine)

    Academic studies have cast doubt on the existence of a premium for investing in small-cap stocks

  • pensions in a hostile climate
    Opinion Pieces

    Pensions in a hostile climate

    October 2019 (Magazine)

     Outside the realm of US public pension plans, where generous return assumptions and inflated discount rates are common, the medium and long-term outlook for asset classes is of serious importance to most pension funds. 

  • estelle castres
    Country Report

    France: PACTE changes the landscape

    October 2019 (Magazine)

    The new PACTE law will transform pension saving in France

  • ecb deposit rate
    Features

    Briefing: Draghi’s parting gift on ECB stance

    October 2019 (Magazine)

    If anyone in Europe was left in any doubt on 11 September about the dovishness of the European Central Bank (ECB) under Mario Draghi’s leadership, by close of business on the next day their doubts were surely dispelled. On that day the outgoing president of the ECB unleashed a bout of monetary easing, in an attempt to boost euro-zone inflation from 1% to its target of “below, but close to, 2% over the medium term”.

  • effective federal funds rate
    Features

    Briefing: US makes rapid turnaround

    October 2019 (Magazine)

    Father Christmas delivered a sack of coal to equity markets last Christmas Eve, with the S&P 500 index losing 1.8%, following a three-day slide. Forecasters had previously been expecting two or three rate hikes in December, as Federal Reserve chairman Jerome Powell steered that discussion. He had mistakenly assumed that the economy had not yet reached a normal, neutral level but it already had, forcing him to backtrack.

  • president emmanuel macron and chancellor angela merkel
    Features

    Briefing: Deep tensions threaten EU vision

    October 2019 (Magazine)

    This is not a commentary on the UK within or without Europe. Brexit has been a compelling distraction but it is one macroeconomic strand in a complex world. The overwhelming coverage has also moved attention away from key internal tensions within the European project. 

  • german asset allocation
    Features

    Briefing: Coping with lower for much longer

    October 2019 (Magazine)

    German institutional investors have shifted their asset allocation due to low bond yields

  • jen choi hi res new square
    Opinion Pieces

    Guest viewpoint: Jennifer Choi & Brian Hoehn

    October 2019 (Magazine)

    “Principles 3.0 is intended to offer a road map to optimal partnerships in the private equity industry”

  • jean pierre aubry
    Analysis

    Letter from The US: How boards can hurt pension plans

    October 2019 (Magazine)

    US state and local pension funds manage over $4trn (€3.6trn) in retirement assets for 20m active and retired plan members. But most of the funds are in bad financial shape.

  • carlo svaluto moreolo
    Opinion Pieces

    Do not let costs become an obsession

    October 2019 (Magazine)

    Our report this month on management and outsourcing discusses how pension funds must increasingly rely on external organisations to analyse their portfolios, particularly from a cost perspective.