Investment Strategies – Page 19
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Special Report
SRI education must continue
A Eurosif study shows a lack of knowledge among European corporate pension funds is hampering greater adoption of ESG factors in their investment strategies, writes François Passant
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Asset Class Reports
Hedge Funds: Carving a new niche
Hedge funds are booming – but funds of funds are not. Joseph Mariathasan outlines the ways in which the intermediaries are re-thinking their role
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Features
Cash in the attic
Squeezing a return out of cash can expose funds to unexpected risk. But Charlotte Moore suggests that using it for strategic optionality removes the need to take risk in the search for yield
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Interviews
Strategic agility
Nordic private equity house CapMan does not make things easy on itself. Its mission statement: “To be the best-performing European private equity firm”.
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Special Report
And what about Japan itself?
Clearly the view a fund manager takes of Japan’s short to medium term macro prospects has a strong determining influence on their view of Japanese equities. Simon Edelsten, senior fund manager of the Artemis Global Select Fund, likes the fact that neither Japan – nor the rest of Asia – has adopted the EU’s penchant for austerity, or seen their banks have to de-lever to the same extent.
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Asset Class Reports
Global Equities: Harvesting risk premia
Dimitris Melas notes that institutional investors focus more on the selection of active managers than on the selection and combination of risk premia, despite growing evidence that risk premia contribute more to the long-term performance
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Asset Class Reports
Global Equities: An information edge
Few still believe that equity markets are efficient. But no-one thinks they are that inefficient, either. Martin Steward speaks to four asset managers who believe they have a proprietary information edge over the run-of-the-mill research process. Two exploit the wisdom of individuals; and two the wisdom of crowds
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Special Report
Currency: The world rebalances
Do not be surprised when today’s immense macroeconomic stresses find an outlet in global currency markets, writes Anthony Harrington. And if you can, ready yourself to take advantage
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Special Report
Currency: The FX of turbulence
Currency alpha management is not only well-suited to turbulent markets, argues Jay Moore. It also responds well to stress testing against extreme scenarios
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Special Report
Currency: The future (or not) of the euro
A strategically-placed relative has left Neil Record with the lowdown on how the euro crisis is perceived at the top table of European politics. Here’s what he learned
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Special Report
Currency: Riding the ‘Redback’
China’s renminbi is set to become one of the world’s major reserve currencies. Philip Poole anticipates more supply of RMB-denominated bonds to foreign investors to fuel that project O
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Special Report
Currency: The future of the renminbi
Routes other than ‘dim sum’ bonds might make more sense for exposure to China’s currency over the short term, suggests Hayden Briscoe
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Asset Class Reports
Global Equities: Maintain concentration
Perhaps surprisingly, Joseph Mariathasan finds that well-managed active risk has paid off for global equity funds over recent years
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Asset Class Reports
Global Equities: A different animal?
Edward Mott explores the role of private equity and venture capital in post-recession equity portfolio optimisation
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Special Report
Public meets private
Infrastructure is highly visible and long term, so investors need to stay in control of ESG concerns. Nina Röhrbein reports
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Features
(Really) high yields
Dramatic repricing has opened up opportunities in high-yield, finds Lynn Strongin Dodds
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Special Report
Currency: A game of relativity
The Swiss National Bank’s most recent intervention brought blessed relief to Switzerland’s pension funds. Emma Cusworth assesses the trade-off between capitulation to haven hunters and rising inflation
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Special Report
Currency: The real thing?
Using emerging market currencies to exploit the ‘Balassa-Samuelson’ hypothesis is a seductive idea, writes Martin Steward. But it might not work in a new world of ‘inflation tolerance’
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Special Report
Currency: Coming together in a crisis
Far from prising the euro-zone apart, Frank Velling argues that current traumas will bind members closer together
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Interviews
Clear signals in the fog
When IPE first spoke with Ian Heslop about the post-crisis refinements that Old Mutual Asset Managers (OMAM) had made to its quantitative equity models, it was June of 2011. The sun was shining – literally, and (for quants) metaphorically, too.