Safety in sovereigns
As long as it is actively managed and well diversified, a sovereign portfolio is less risky than you think, writes Arif Husain.
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STP is a risky business
As services shift and evolve, processes become increasingly important, writes David Campbell.
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Selling VaR to sell-side
Will the current round of regulatory prescriptions strengthen Ucits middle office practices? asks Dario Cintioli.
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Management merger
The combined power of consultants and asset managers can only lead to investors’ gaining a better service, writes Julian Lyne.
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Trustee reality check
The decision-making in many UK DB schemes has not kept pace with change in the investment landscape, writes Sorca Kelly-Scholte.
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ETFs conquer Europe
European assets under management are receiving a welcome boost from exchange traded products, writes Nizam Hamid.
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Driving down the cost
Structured cost management achieves superior returns, but few in the industry have moved past traditional means, writes Michael Pinedo.
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Driving data forward
Data management has always been a concern, but less talk and more action means firms must put plans in place now, writes Peter Ellis.
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A financial war of words
Conflicts of interest at the start of the recession led to much negative debate between lenders and borrowers, writes Yves Josseaume.
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Covering your assets
Longevity swaps have been popular with insurers in managing risk, but now pension funds are also realising the benefits, writes Gordon Fletcher.
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The upside to downside
Against the backdrop of the financial crisis, the upside potential of equity and credit markets can be fully realised, writes Lionel Martellini.
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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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Ensuring independence
Pension fund trustees should be getting properly independent advice, writes Patrick McCoy, but is this the case?
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The case for continued diversity
Diversification may not have protected portfolios as well as had been hoped but the strategy remains sound, writes Lloyd Raynor.
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Increasingly diverse
Pension funds are keener than ever to diversify asset allocations in light of the financial crisis, and also plan to review their choice of investment managers, writes Vicken Berberian.
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Making the right moves
These are difficult times for pension funds but those with the correct governance for their investment strategies will fare best, writes Robert Brown.
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Give low-volatility a chance
Low-volatility strategies have the potential for improving the risk/return characteristics of an equity portfolio writes Brendan Bradley.
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Is the party over?
Despite higher volatility, emerging market equities still offer great opportunities for the smart investor, writes Ben Clissold.
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Creative management
Following the collapse of real gilt yields in recent months, pension plan trustees are looking for alternative ways to manage risk, writes James Maggs.
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Managing buyouts
The market for the buyout of existing pensioner liabilities can offer fantastic opportunities, writes Andrew Dawson.
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No active constraints
Unconstrained investing gives managers the freedom to follow their best ideas, enabling skilled managers to excel, writes Lennox Hartman.
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Aymeric Poizot, Fitch Ratings’ EMEA Fund and Asset Management Group |
Demanding transparency
Increasing risk aversion as a result of the liquidity crisis has hit small and mid-cap stocks hard, writes Aymeric Poizot. The liquidity crisis that started in July 2007 in the US real estate market has triggered a “flight to quality” phenomenon, which has led investors to move their capital to “safer” assets.
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Dawid Konotey-Ahulu, Redington Partners LLP |
How to measure risk
Dawid Konotey-Ahulu explains three complementary approaches to measuring risk within pension funds.
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