All Strategies articles – Page 24

  • Asset Class Reports

    European Equities: UK equities: The Liontrust approach

    March 2011 (Magazine)

    The UK equity market is still distinct from that of continental Europe because of factors such as its size, the large number of multi-nationals and mid-sized companies with global presence, and a still large domestic institutional investor base in the form of pension funds with relatively high domestic equity exposures.

  • Asset Class Reports

    European Equities: Corporate strength abounds

    March 2011 (Magazine)

    The picture is complex, but in general low indebtedness and high return on equity will cause capital flows to CEE corporates, writes Juraj Kotian

  • Special Report

    Hedge fund paradox

    March 2011 (Magazine)

    Nina Röhrbein looks at how the few responsible hedge funds are reconciling their short-term outlook with the medium to long-term nature of ESG investing

  • Forest funds snapshot
    Features

    Forest funds snapshot

    March 2011 (Magazine)

    Céline Claudon presents the key findings from IWC’s comprehensive database of institutional timberland investment funds

  • Features

    Call off the funeral

    March 2011 (Magazine)

    Since the dotcom bust investors have endured a long period of headlines announcing the ‘Death of Venture Capital’. So why are practitioners telling Martin Steward to expect a new lease of life?

  • Interviews

    Breaking the bonds

    March 2011 (Magazine)

    Last month’s Strategically Speaking looked at how the dynamics of ageing, pension fund decumulation and tighter capital adequacy had influenced Schroders’ transformation from UK equities investor to global multi-asset manager.

  • Features

    Belgium’s conservative custodians

    March 2011 (Magazine)

    Iain Morse finds regulation change may force some smaller captive custodians to re-think their business model

  • Asset Class Reports

    Small & Mid-Caps: Global opportunities emerge

    February 2011 (Magazine)

    Surprisingly modest historical volatility and excellent diversification benefits: Rob Feldman, Chris Steward and Yogesh Borkar explore the under-analysed world of emerging market small-caps

  • Features

    Still at the station

    February 2011 (Magazine)

    Investors cursing themselves for missing the private equity secondaries train in 2009 can still get onboard, finds Martin Steward

  • Interviews

    Positioned for the new era in pensions

    February 2011 (Magazine)

    There are some clear long-term trends in pension asset management in Europe. Collective is giving way to individual provision. Defined benefit (DB) schemes are closing, crystalising liabilities and deficits, and implementing LDI programmes. This, together with accounting and capital adequacy standards and the decumulation phase of an ageing demographic, is pushing funds into fixed income. Where growth assets are still required, investors look beyond domestic markets because growth is expected to come from emerging economies.

  • Interviews

    Consolidating and concentrating

    February 2011 (Magazine)

    There has been a lot of change at Finasta Asset Management over the last two years. In 2009 parent company Finasta Group was sold by Lithuanian heavyweight Invalda to Bank Snoras, which had its own asset management outfit. This division was merged with Finasta Asset Management at the beginning of 2010, creating a rather odd-looking entity that was ripe for ‘synergies’.

  • Asset Class Reports

    Small & Mid-Caps: Small is beautiful

    February 2011 (Magazine)

    epoThe global small-caps universe is one of great diversity and opportunity. Joseph Mariathasan and Martin Steward speak to some top managers about their portfolios

  • Special Report

    Implementing ESG – the sustainable bank’s way

    February 2011 (Magazine)

    Some 75% of the core portfolios of KfW, Germany’s development bank, is managed sustainably, as Nina Röhrbein finds

  • Features

    Rare all-in business

    February 2011 (Magazine)

    The Danish pension and asset management industries are big enough to offer global custodians some glittering prizes. The mighty ATP, with assets in excess DKK610bn (€82bn) and effectively part of the state pension system, selected BNY Mellon as its global custodian in 2006.

  • Interviews

    Latin translation

    January 2011 (Magazine)

    “We have a saying in Spain,” says BBVA’s head of global asset management Luisa Gómez Bravo. “‘No vendas la piel del oso antes de haberlo cazado’.” Don’t sell the bearskin until you’ve hunted the bear. The proverb comes in response to the question of how the €140bn asset management unit of one of the biggest global banking brands remains so little-known among Europe’s institutional investors.

  • Special Report

    Fees: Just rewards

    January 2011 (Magazine)

    Unfairness, high levels, perverse incentives: fees are always guaranteed to raise temperatures. Martin Steward considers some imaginative proposals for alignment of interests

  • Emerging Market Equities: Emerging questions
    Asset Class Reports

    Emerging Market Equities: Emerging questions

    January 2011 (Magazine)

    The days of a simple emerging market allocation are over. Correspondingly, JosephMariathasan finds a variety of approaches among the top performing managers

  • Features

    Strategic dynamism

    January 2011 (Magazine)

    Optimal strategic asset allocation cannot be the same for investors with different levels of wealth at different moments in time, argue Philippe Aurain and Eric Bouyé

  • Clean India
    Special Report

    Clean India

    January 2011 (Magazine)

    Kirsteen Morrison identifies some showcase opportunities in renewable energy, water and agriculture in India

  • Special Report

    Fees: The big issue

    January 2011 (Magazine)

    Size definitely affects active management risks and returns, writes Matthew Craig. But the relationship is by no means a simple one