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Rory Tobin |
‘Business as usual’ for iShares chief
iShares will continue to focus on client relationships and delivering new products despite uncertainty over its ownership. By Nat Mankelow.
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In brief
Christopher Alderson has been appointed president and CEO of T.Rowe Price International (TRPI) following the retirement of David Warren. Mr Alderson, who has been with TRPI for 22 years, has led the firm’s Global Emerging Markets equity investment strategies since 1997.
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Nicolas Simon |
CAAm to continue European expansion
Crédit Agricole Asset Management – Real Estate (CAAM RE), intends to expand its business and investments into Germany and the UK this year.
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MARKET ANALYSIS: Europe
Investing in bonds may become a very risky strategy in these unprecedented market conditions, writes Chris Oulton.
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Luiz Eugenio Figueiredo |
Brazil attracts private equity from overseas
Several foreign private equity firms are opening offices in Brazil, according to ABVCAP, the country’s private equity association.
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MARKET ANALYSIS: North America
Fund managers have started finding value in equities by trying to identify who will emerge from the current turmoil on top, writes Alison Cratchley.
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Securitisation slump continues
Europe’s securitisation market declined throughout 2008, and recovery is dependent on investors’ regaining their confidence and stability returning to financial markets. By Henry Smith.
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MARKET ANALYSIS: South America
The core markets of Brazil, Mexico and Chile are well placed to benefit from a turnaround in the global economy, write Stefan Herz and Ian Simmons.
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Risk management functions sidelined
Asset managers appear to be paying mere lip service to the importance of creating a risk management process that reports all the way to the top of their organisations.
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MARKET ANALYSIS: Asia Pacific
Regional central banks now need to reduce the levels of foreign currency reserves that they have built up over the past decade, writes Jerome Booth.
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Danish pension funds look to real estate
Denmark’s pension funds are positioned to increase their allocations to real estate in the coming year.
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Is anything really going to change?
An inability to learn lessons from the past means that investors keep on making the same mistakes, writes Henry Smith.
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Reconsidering equities
Equities may be set to start offering positive returns, but they will remain extremely volatile, especially in the short-term, writes Robert Ross.
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The blame game in overdrive
Everyone is looking for someone to pin the blame on, but no one was complaining when the times were good, writes Nat Mankelow.
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Investors still running scared
There may be plenty of opportunities available, but until investors regain their confidence there will be no recovery, writes Spencer Anderson.
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James Bevan |
Seismic changes still to run their course
The last ten years have seen dramatic developments in the investment landscape such as the huge expansion in the use of derivatives and the rise of the core-satellite model, but further changes are underway, writes Yuri Bender.
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Learning from experience
The asset management industry can look to the lessons of the past to deal with adverse market conditions, writes Robert Parker.
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George Möller |
Standing firm
Robeco CEO George Möller believes that the group is in a relatively strong position and will maintain growth over the coming year, and plans to restructure to ensure net inflows. By Nat Mankelow.
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Mike Burns |
Keeping an ‘aircraft carrier’ on the right course
The Alaska Permanent Fund Corporation has no plans to make major changes to asset allocation and CEO Mike Burns intends to resist moves to make the fund invest in a more socially and environmentally responsible manner. By Spencer Anderson.
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Richard Backlund |
A new kind of property slump
The real estate market has changed significantly over the past decade, becoming much more mature with greater transparency and more experienced investors. But does that mean it is better positioned to deal with the sizeable losses it is suffering? By Spencer Anderson.
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Simon Thorp |
Credit derivative explosion left markets reeling from fallout
Credit has developed into an asset class in its own right over the last ten years, but when liquidity dried up, along came a new set of problems. By Nat Mankelow.
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William Horlick |
Opportunities emerging for firms with sufficient funding
The really big deals that characterised the bull market may be a thing of the past but private equity firms that do not rely on debt are in a strong position. By Richard Hemming.
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Christopher Fawcett |
The rise and fall of the hedge fund industry
Up until September last year hedge funds were so popular with investors that some had to restrict entry, but a rush of redemptions since then has seen many go out of business. But what does the future hold for those that survive? By Henry Smith.
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Guy Davies |
Separating manager skill from market exposure
The debate over how best to allocate between active and passive investments has been at the heart of equity strategies over the past decade, driving such approaches as the core/satellite model and the rise of ETFs
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Paul Trickett |
Pension funds ditch equities as strategic goals change
Pension funds’ equity allocations have been falling for some time as they diversified into other asset classes, and this is a trend that looks set to continue. By Paul Trickett.
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Deborah Fuhr |
A glimpse at the next generation of strategies
Discussions at the recent NAPF Investment Conference revealed how pension funds are using ETFs to gain equity exposure and highlighted the increased demands placed on global custodians following the collapse of Lehman Brothers. By Nat Mankelow.
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Mark Warms |
Hedging FX exposure to manage currency risk
In the post-Lehman world companies and funds are placing much more emphasis on hedging their foreign exchange exposure, but this has in turn become considerably more difficult and expensive. By Richard Hemming.
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Daniele Tohme-Adet |
ETFs thriving despite the global downturn
As one of the few vehicles to attract inflows in 2008, ETFs are having a good crisis, and although they are mainly used for investing in equities, investors are realising they can offer an efficient way into an expanding range of asset classes. By Henry Smith.
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Isabelle Bourcier |
Is cash becoming ETF king?
Investors are taking advantage of the diversification benefits that cash and bond ETFs bring, but equity remains the largest asset class.
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Sophie Potard |
Victims of the times
The absence of credit hit the bond market hard over the past year, but those that have survived the turmoil with relatively small losses could be well placed to benefit from investors seeking low volatility in their investments. By Spencer Anderson.
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Rami Bourgi |
Syrian bourse plans to keep things simple
The recently launched Damascus Stock Exchange has faced numerous teething problems, including finding a way around US trade sanctions to source software for the trading system and get the exchange up and running. By Nat Mankelow.
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Jay Hooley |
Evolving to survive in a more complex world
The asset servicing industry has risen to a number of challenges over the past 10 years as it has developed into a global business, and going forward it will continue to adapt to remain a key part of the investment management world. By Kalpana Fitzpatrick.
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