How we run our money: Eni
Carlo di Gennaro, head of global group pensions at Eni, tells Carlo Svaluto Moreolo how the oil and gas company is streamlining its pension strategy
How we run our money: CPEG
Grégoire Haenni, CIO of CPEG, the public pension fund for the Swiss canton of Geneva, explains the fund’s multidimensional approach to asset allocation
How we run our money: Railpen
Andrea Ash (pictured), investment director at RPMI Railpen, tells Carlo Svaluto Moreolo about the UK pension fund’s private markets strategy
How we run our money: APK Pensionskasse
Christian Böhm, CEO of Austria’s APK Pensionskasse, talks about the organisation’s blend of dynamic and long-term investment strategy
How we run our money: Bank of Ireland
Paul Droop (pictured), CIO of the Bank of Ireland’s staff pension scheme, tells Carlo Svaluto Moreolo about his approach to building a shockproof portfolio
How we run our money: Laborfonds
Ivonne Forno (pictured), the CEO of Laborfonds, the Trentino-Alto Adige/Südtirol regional pension fund, talks to Carlo Svaluto Moreolo shortly after the fund’s 20th birthday
How We Run our Money: PWRI
Xander den Uyl, chairman of PWRI, the Dutch fund for disabled workers, tells Carlo Svaluto Moreolo about its particular approach to ESG
How We Run Our Money: Första AP-fonden (AP1)
Mikael Angberg, CIO of Första AP-fonden (AP1), one of Sweden’s buffer funds, outlines the fund’s investment philosophy to Carlo Svaluto Moreolo
On the record: China
We asked two pension funds to tell us about the case for investing in China and their experience with investing in the country
Strategically Speaking: Muzinich & Co
We are living in Disneyworld,” says George Muzinich, the CEO and chairman of Muzinich & Co, a New York-based investment manager specialising in corporate credit.
On the Record: Tough times at home
We asked two pension funds to share their views about investing in Europe at this crucial juncture for its economy
Strategically Speaking: Montanaro Asset Management
As a Europe-focused small and mid-cap manager, the decision of London-based Montanaro Asset Management to launch its Better World fund, a global impact focused fund after a 27-year track record as a European house, was most certainly a change in strategic direction.
On the Record: The volatility question
We asked two European pension funds how they view, and invest in, the hedge fund sector at a time when volatility is structurally low
Strategically Speaking: Research Affiliates
Self-described lifelong quant Rob Arnott finds the quantitative-investing industry often guilty of “overhyping and overselling” ideas
On the record: Delivering on our promise
Dmytro Sheludchenko of Sweden’s AP1 buffer fund explains how it constructs and manages its factor-investing portfolios
Cheyne Capital Management: High-impact debt investor
The growth of non-bank lending in Europe is often mentioned as a trend that could radically transform the European economy. This remains to be seen, but if banks gradually give some of their dominance in the lending market, then firms such as Cheyne Capital Management stand to benefit.
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IPOs: Unicorn hunting
“Public interest in IPOs hasn’t been this high since the dot-com era of the late 1990s,” say analysts at UBS. Such popularity is stoking fears of a bubble in unicorns – privately-financed start-ups valued at over $1bn (€900m) taking listings.
Liquidity: Bad timing
Pension funds lose billions annually in badly timed trades in the capital markets
Briefing: Shining a light on active ETFs
Exchange-traded funds (ETFs) have grown into a $5trn (€4.4trn) global industry by focusing on a few key selling points – low costs, liquidity, easy diversification and transparency.
Briefing: Guidance for valuation of ILS
Valuation has always been an important, albeit thorny, component in assessing insurance-linked securities (ILS) but the higher-than-expected losses in 2017 and 2018 made the number crunching even trickier. The recently published set of guidelines from the Standard Board of Alternative Investments (SBAI) is designed to improve the process but investors should always be aware of the risks attached to this asset class.