Investment Strategies – Page 27
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Asset Class Reports
Hedge Funds: The view from the Hilltop
Martin Steward talks to Rory Hills about what went wrong with the fund of hedge funds industry – and about how to put it right
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Asset Class Reports
Hedge Funds: Making the illiquid liquid
The secondary market in hedge funds is on the rise as investors snap up illiquid portfolios coming onto the market, says Martin Steward
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Asset Class ReportsHedge Funds: Rehabilitated
Since assets under management crashed during the financial crisis the hedge fund industry has experienced a phoenix-like revival in fortunes. But Joseph Mariathasan finds that it is far from back to business as usual
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Special Report
Inflation Assets: Infrastructure coming of age
Infrastructure assets are a great fit for pension fund portfolios, argues Danny Latham, but the sector needs more standardised risk and performance measures
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Special Report
Inflation Assets: The Eternal Coin
In an age when plastic and digital forms are taking over the role of money, a coin that never loses value could be the solution to a lifelong problem, write Malcolm Cooper, Ian Harris and Michael Mainelli
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Special ReportInflation Assets: Timber
Investors recognise the inflation-hedging properties of timberland. Martin Steward asks whether it can be managed for regular inflation-linked cash flows
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Special Report
Inflation Assets: Intricacies of infrastructure
Infrastructure can offer some inflation protection, but pension funds must know what they are doing, writes Maha Khan Phillips
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Special Report
Inflation Assets: Safe as houses
Martin Steward looks at some alternative real estate-related cash flows for their inflation-sensitivity and minimal exposure to capital value volatility
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Special ReportInflation Assets: The great divide
Anthony Harrington surveys competing views on the direction of inflation and bond yields
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Asset Class Reports
Global Equities: World betas
Stock-specific risk dominates equity returns, finds Sudhir Nanda. But stockpickers should be aware that the contribution of systemic factor risks varies significantly across regions, sectors and time
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Asset Class Reports
Global Equities: Breaking the constraints
Joseph Mariathasan finds that while modern portfolio theory and orthodox strategies can serve investors and fund managers well, there can be greater rewards for those willing to step away from convention
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Interviews
Bridges to somewhere
Mark Weisdorf knows a thing or two about how and why pension funds invest in infrastructure assets. Before joining JP Morgan Asset Management (JPMAM) to set up its infrastructure investments group in 2006 he developed the real estate, private equity and infrastructure strategies for the Canada Pension Plan Investment Board’s CA$130bn (€92bn) portfolio, experience that led to his founding Mark Weisdorf Associates, a consultancy dedicated to advising institutional investors on their allocations to these asset classes.
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Features
Cashflow kings
Any long-term investor should be a dividend investor, notes Lynn Strongin Dodds. But the rules of the game are changing
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Special Report
SRI conquers non-equities territory
The emergence of new types of SRI strategy is a major factor in driving the market as Eurosif’s 2010 European SRI study highlights. Nina Röhrbein reports
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Interviews
The lion that’s finding its courage
The nightmare for any fund management firm is losing key managers whose clients follow them out of the door. It can tear apart a firm’s credibility, leading to further fund outflows and a further loss of credibility – a ‘death spiral’ that can demolish once mighty firms.
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Asset Class ReportsGlobal Equities: Towards true diversification
Yves Choueifaty, Tristan Froidure and Elizabeth Breaden wonder why the dynamic strategy implied by cap-weighted indices is regarded as ‘passive’ and posit their ‘anti benchmark’ portfolio as a true proxy for the equity risk premium
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Asset Class ReportsGlobal Equities: History lesson on risk
Real stock market returns reveal the true frequency of ‘once in a century’ crashes,says Paul Kaplan
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Features
Finns juggle political hot potato
The 2011 general election in Finland could mean the end of the Loppu system. Iain Morse reports
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Special Report
Who governs the agenda?
The UK’s Stewardship Code leaves something to be desired. For example, what exactly is good stewardship? Nina Röhrbein reports
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Special Report
Germany: Architect of its own fortune
Make-or-buy decisions are at the root of Gothaer Asset Management’s investment strategy, finds Nina Röhrbein
