All IPE articles in October 2021 (Magazine)

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  • Faisal Rafi
    Special Report

    Q&A: A manager selector’s perspective

    October 2021 (Magazine)

    IPE asked RisCura’s head of research, Faisal Rafi, for a perspective on the wider implications of recent events in China

  • Hartwig Liersch
    Interviews

    How we run our money: PMT

    October 2021 (Magazine)

    Hartwig Liersch (pictured), chief investment officer at Pensioenfonds Metaal & Techniek (PMT), tells Tjibbe Hoekstra how the largest private market pension fund in the Netherlands is looking to strengthen its investment policy to address the climate crisis

  • Clémence Droin
    Country Report

    Research: The French experience

    October 2021 (Magazine)

    Outsourcing to third-party managers and the push towards defined contribution pensions were key themes in a year made difficult by the COVID-19 pandemic

  • debt
    Asset Class Reports

    Emerging market debt

    October 2021 (Magazine)

    Our opening article in this report looks at emerging market private credit. In EMs there is a $100bn corporate funding gap with 90% of lending through banks. But we find EMD managers broadly cautious overall, particularly on China, with interviews conducted before the Evergrande story broke. Lastly, we look at Latin America, where investors encounter populism and social unrest but sustainability bond issuance is booming.

  • Aggregate capital raised by global private debt funds
    Asset Class Reports

    The next frontier for private credit

    October 2021 (Magazine)

    Global managers are making a strong case for investment in private credit issued by emerging market companies  

  • Paris, France
    Country Report

    Country report: France

    October 2021 (Magazine)

    President Macron’s pension reforms were pretty much shredded by the pandemic. Asset managers and policymakers had been hoping that a successful reform programme would channel savings into supplementary pension vehicles like the FRPS. Instead, progress has been very slow indeed. We also profile the public sector scheme Ircantec and highlight Indefi’s latest research on the French institutional market.

  • Tiffany-Hsiao-Artisan-Partners
    Special Report

    Common prosperity reshaping equity markets

    October 2021 (Magazine)

    China’s focus is shifting to emerging industries in its drive to become a powerhouse of innovation

  • China MSCI relative to MSCI USA, 6m rate of change
    Special Report

    Commentary: A mile in Xi’s shoes

    October 2021 (Magazine)

    The shift from ‘trade war’ to ‘tech war’ between China and the US has forced China’s policy makers to deal with the country’s three key vulnerabilities 

  • Angela Gough
    Features

    Perspective: Time to weigh collective DC

    October 2021 (Magazine)

    The UK finally legislates for a collective alternative to pure DC. But will employers be interested?

  • Diana Choyleva
    Special Report

    Interview: Diana Choyleva

    October 2021 (Magazine)

    Diana Choyleva, chief economist at Enodo Economics, says the battle for technological supremacy between the US and China will transform the global investment map 

  • One-yuan note displaying the West Lake in Hangzhou, China
    Special Report

    Investing in China

    October 2021 (Magazine)

    Investors the world over are thinking about China, from Soros to Mr and Ms Main Street. Our contribution to this theme (written before the Evergrande story broke) looks at both private and public equity, where managers are looking to align portfolios with China’s long-term investment needs. From a manager selection perspective, boots plus portfolio managers on the ground were an essential ingredient for successful portfolio positioning ahead of the July regulatory crackdown.

  • Alan Brown
    Features

    Guest Viewpoint: The climate is ripe for change

    October 2021 (Magazine)

    If there is to be a successful transition to a net- zero global economy, trillions of dollars need to be invested in renewable energy generation, electricity transmission and storage systems, and energy efficiency. The need is for fresh money. At scale.

  • Features

    Pensions Insider: A tricky business: compensation for mismanagement

    October 2021 (Magazine)

    In the fourth of a series of articles aimed at empowering trustees, our insider discusses what happened in a case of fraud

  • Liang Y
    Special Report

    Private equity: Focus shift brings turmoil to market

    October 2021 (Magazine)

    China’s focus on ‘common prosperity’ is boosting the importance of ESG factors and generating new opportunities as well as risks 

  • Paul_Jayasingha_6 - high res
    Features

    Briefing: Private market fees

    October 2021 (Magazine)

    In today’s low-interest-rate and low-return environment, investing in private markets has become a requirement for virtually every institutional investor. Private markets are where investors can obtain the extra returns they need and can no longer earn from listed assets, thanks to the liquidity premium and higher risk/return profile of non-listed assets.  

  • breakdown by industry
    Features

    Briefing: Germany’s Spezialfonds are weathering the crisis well

    October 2021 (Magazine)

    Institutional investors in Germany continue to invest in funds despite the challenging conditions. In the middle of 2021, the volume of Spezialfonds – Germany’s vehicle for professional investors – on the Universal-Investment platform stood at almost €474bn. This represents an increase of 36% over the past 12 months. According to most observers, it has been one of the most exceptional periods in a long time. 

  • Top 10 cryptocurrencies by market cap
    Features

    Fixed income, rates, currencies: Not quite back to normal

    October 2021 (Magazine)

    As the world struggles to get back to pre-pandemic conditions, with schools and offices open, economic forecasting seems even less predictable than ever. Take August’s US payrolls report, which again confounded most forecasters. Analysts scrambled to explain why the headline job gains were so weak, particularly after the huge (forecast-beating) gains the previous month.

  • Estelle Castres
    Country Report

    FRPS: Awaiting lift off

    October 2021 (Magazine)

    France’s new form of supplementary pension fund is only gaining traction slowly

  • Versey, Mark
    Features

    Strategically Speaking: Aviva Investors

    October 2021 (Magazine)

    Insurance-owned asset managers can be difficult to pigeonhole. Some have forged strong specialisms, often in fixed income, but now also in alternatives like property or niche credit. Others have remained a corporate backwater absorbed by group general-account assets.

  • Terry Charalambous
    Features

    Letter from Australia: Public places, private matters

    October 2021 (Magazine)

    AustralianSuper marked a milestone with its successful takeover in 2019 of education provider, Navitas, for A$2.1bn (€1.3bn).