All IPE articles in September 2011 (Magazine)
View all stories from this issue.
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Features
DC products 2.0
The new generation of DC products may well evolve in the way that the internet has turned into web 2.0, according to Nick Lyster and Amin Rajan
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Features
IAS19 washes whiter
Stephen Bouvier assesses some reactions to the revised IAS19 accounting provisions on employee benefits
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Special Report
Securities Services: Embrace the information age
Cyril Demaria argues that private equity has everything to win from a more systematic and transparent approach to reporting information W
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Features
From our perspective: All-terrain vehicles
As one commentator points out in this issue, Dutch pension funds were regarded as high performance cars in the early 1990s. High equity allocations and a cash-flow positive status meant many enjoyed years of good returns in the 1980s and 90s, riding the heights of the equity bull market and barely scathed by the 1987 crash. Perceived as ‘rich’, by politicians, they could be taxed and any remaining surplus distributed to employers.
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Features
Attention to themes for the long term
Alternative indices may still represent a small portion of the market, but could become much more important in future because they satisfy investor needs for stability and diversity beyond traditional indices. This is the conviction of MSCI, one of the largest providers in this industry, as Theodore Niggli, head of the index business at MSCI, explains.
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Country Report
The Netherlands: Yeah baby, yeah
Tim Burggraaf assesses the Dutch market for PPI structures
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Features
Funds unfazed by ban
Almost 70% of respondents to this month’s Off The Record survey told us they had not decided to suspend securities lending in light of recent market turbulence and the short-selling bans imposed by four European countries. However, a Danish fund that had decided to suspend securities lending stated that they had taken this action as “the earnings are too little compared with the risks”.
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Interviews
Setting sail for calmer waters
By the time Jeremy Baskin took the helm of AXA Rosenberg, its previous CEO, Stéphane Prunet, had spent 13 months steering the widely-venerated quant house, with great steadfastness, through the worst storm ever to engulf it.
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Special Report
Curbing corruption
Nina Röhrbein reports on how the investment industry is guarding against the recent rise in corporate corruption
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Country Report
The Netherlands: Pension deal - the industry reacts
The long-awaited Dutch pension reform agreement has drawn both praise and criticism from the industry, reports Mariska van der Westen
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Asset Class ReportsEmerging Market Debt: Going multi-asset
First it was equity, then bonds – and most recently investors have been exploring emerging market currencies. Martin Steward asks if it pays to bring the three together
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Features
Different policies on insurance
Using insurance firms to provide protection for pension fund liabilities is a popular solution among DB schemes. Gail Moss looks at the various forms these insurance policies can take
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Special Report
Driving forward
Niall Mills discusses the relationship between responsible investment and the inflation-linked income generated by infrastructure assets
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Interviews
Initiative focused
State Street Global Advisors (SSgA) has learnt lessons from the past. Losses incurred during 2007-08 by five of its fixed income funds, which were marketed as conservative strategies, led to lawsuits filed by among others the Houston Police Officers’ Pensions System and Prudential Financial.
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Special Report
Securities Services: What’s lacking with infrastructure
Infrastructure can generate high administration costs because of non-standard valuation, benchmarking and performance measurement, finds Emma Cusworth
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Features
Pieter’s Italian job
The best thing about August is holidays – this year two weeks by the beach in on the Italian Riviera with my wife and children. Italy is the best for family holidays; everything is to hand. Life is relaxed, the weather is fine, the food is good and the wine flows in the evening.
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Features
The long and short of it
With the deep-value trade over and macroeconomic volatility abundant, Lynn Strongin Dodds assesses the case for absolute return in credit
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Features
Surprise tactics
Martin Steward spoke with Paul Haines, CIO of Trafalgar House Pension Trust, about its break with tradition to launch a pioneering investment strategy
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Country Report
UK: The buyout market in 2011
Clive Wellsteed reviews the findings of LCP’s fourth annual report on the buyout market
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Special Report
Securities Services: Fund administrators gear up for change
In a nascent market where there is everything to play for, private equity fund administrators are gearing up for a host of regulatory and market changes, writes Maha Khan Phillips
