All IPE articles in September 2002 (Magazine)
View all stories from this issue.
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Features
Ready for take-off
Flaws in the fabric of the Japanese economy still mar the outlook for equities in the country. But equity strategists are now cautiously optimistic about the prospects for share prices in Japan – at least in comparison to the outlook for equity markets in the US and Europe. Hopes are ...
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Features
Ready for a revolution
Asset management is a relatively young industry, which has become increasingly popular over the past 20 years. Rising incomes and demographic changes in the developed economies has meant more opportunities and a greater need to save. Likewise, a greater need for professional management has emerged in the wake of the ...
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Features
Parting of the ways
The City of Zurich Pension Fund certainly belongs to the city as a wide range of local bodies use it as their pensions provider. In addition to city employees, other employers’ staffs can join whose work is of ‘special interest’ for the city, such as housing associations, explains the fund’s ...
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Features
Still signs of life
The fund management industry in Switzerland continues to be one of the most dynamic markets in Europe, despite growth of assets slowing down. According to figures published by the Swiss Fund Association (SFA), the country’s fund market didn’t attract significant inflows during last year, even though the number of new ...
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Features
Investing in US timberland
Over the past 20 years, US institutional investments in timberland have increased remarkably, starting at just $4 million in 1981 and reaching $10 billion by 2001. In this article, we look at why timberland has gained the interest of institutional investors, and what the future holds for those considering timberland ...
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Features
Lowering the return hurdle
It has been one of the hot issues of the market and the government finally decided to do something about it. The minimum interest rate for occupational pensions in Switzerland of 4% has been seen as a huge legal constraint that was making asset manager and insurers’ lives very difficult ...
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Features
You cannot leave home without it
The euro rise has focused attention on the importance of currency management. If you are invested in non-European equities, and hedged the currency risk, then your fund lost 20.9% in the first half of this year. If your international equity managers did not currency hedge, then this loss was increased ...
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Features
How Shell spreads the gospel
The Shell International group has an impressive pedigree and scale when it comes to pensions provision for its 90,000 employees across the globe. To put this into context, at the end of 2000, the group had pension assets of around $50bn (E51bn). There are in excess of 40 funded schemes ...
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Features
Globalists take it with them
Until 20 years ago, expatriates were a relatively rare species. Expatriates were transferred abroad mostly to provide particular technical or management skills that were not locally available. Along with the international transfer usually came a generous reward package. Times have changed. Most multinationals nowadays employ sizeable mobile employee populations. With ...