Recently added articles from Financial Times Mandate:
Analysis: Liquidity injection leads to record deals.
Jul 01, 2008 ... Byline: Nat Mankelow After a dismal few months for structured finance, a number of deals have come to the marketplace spurred on by the recent injection of central bank liquidity into the financial system. Four UK banks have issued a "record-breaking" GBP30.5bn ...
Analysis: IAM returns to independent roots.
Jul 01, 2008 ... Byline: Peter Guest International Asset Management, the specialist fund of hedge fund manager, has undergone a management buyout to take it out of Fortis Investments. The Belgian group acquired IAM when it merged with ABN Amro's asset management business in April. ...
Analysis: Market analysis - Europe.
Jul 01, 2008 ... Byline: Raj Shant The European Central Bank (ECB) is right. The Federal Reserve and the Bank of England are wrong. Well not so much wrong as just unfortunate. Surging food and fuel prices are pushing up the cost of living at the most rapid rate for decades around the world. The ...
Analysis: In brief.
Jul 01, 2008 ... Impax Asset Management has launched an institutional share class for the IFSL Impax Environmental Leaders Fund, launched in March 2008. The fund invests globally in public companies which derive at least 20 per cent of revenues or profits from, or have at least 20 per cent of their capital ...
Analysis: Market analysis - North America.
Jul 01, 2008 ... Byline: Angus Campbell To describe the last few weeks and months in the financial markets as a roller coaster would be an understatement to say the least. Towards the end of 2007, we had economists saying that the risk of the US going into a recession in 2008 was 50 ...
Analysis: A responsibility to deliver.
Jul 01, 2008 ... Byline: Henry Smith Asset managers have a "moral responsibility" to ensure that members of defined contribution (DC) pension schemes can look forward to a reasonable standard of living when they retire. Paul Price, global head of institutional at Pioneer Investments, ...
Analysis: Market analysis - South America.
Jul 01, 2008 ... Byline: John Cleary Investors in Brazil, since the election of its president Luiz Inacio Lula da Silva in October 2002, have many reasons to smile. The currency and bond crisis that preceded his election reflect the types of uncertainty that investors in emerging markets need to ...
Analysis: Pension schemes seek standards.
Jul 01, 2008 ... Pension funds are prepared to put their weight behind ethically active managers according to a new survey commissioned by KPMG into attitudes towards the Hedge Fund Standards Board (HFSB) best practice standards. It found that eight out of ten pension funds said they would ...
Analysis: Hedge funds deliver.
Jul 01, 2008 ... Byline: Martin Steward US institutions surveyed by Greenwich Associates and Global Custodian in October 2007 found 23 per cent planning to increase their hedge fund allocations by 2010 and only 2 per cent set to reduce them. Events since then appear to have justified ...
Analysis: Market analysis - Asia Pacific.
Jul 01, 2008 ... Byline: Vinay Gairola The euphoria that drove investment in India in 2007 wore off in 2008, as negativity in the market continues to lead a bout of risk aversion. Prospective investors have since been pre-occupied with macro concerns, citing threats posed by inflation, the ...
Comment: Leader - Act now to avoid a DC scandal.
Jul 01, 2008 ... Byline: Henry Smith - Editor With falling house prices forcing people to review their pension plans, many will be wondering what level of income they can look forward to when they retire. Those enrolled in defined contribution (DC) occupational pension schemes risk ...
Comment: The Consulting Room - Creative management.
Jul 01, 2008 ... Byline: James Maggs The recent collapse in real yields puts pension plan trustees looking to manage investment risk in a difficult position. Index-linked gilts, traditionally used to match inflation-linked defined benefit liabilities, seem unaffordable to all but the best funded ...
Comment: The Bender Agenda - Combining tactics and patience in CEE region.(Editorial)
Jul 01, 2008; Bender, Yuri ... Byline: Yuri Bender - Editor-in-chief With growth for US and European asset managers currently restricted to Asian markets, where the vast majority of pooled funds are being sold, forward- thinking players are starting to look closer to home for the next big opportunity. ...
Comment: Soapbox - Ensuring the benefits of diversification.
Jul 01, 2008 ... Byline: Mitesh Sheth The principle of diversification is intuitively appealing and benefits from significant academic support. It is widely regarded as being the only 'free lunch' in financial markets. However, in the past 12 months we have seen many funds fall over, including ...
Interview: The chief - Grand designs.
Jul 01, 2008 ... Byline: Henry Smith When one plus one does not add up to two, usually something is wrong. Not so in the world of Fortis Investments. William De Vijlder, managing director and CIO, regards the takeover of ABN Amro Asset Management as a most positive case of one plus one equals ...
Interview: Targeting Asian growth.
Jul 01, 2008 ... Byline: Henry Smith For a firm that prefers to have full operational control, Bank of New York Mellon has shown it is not averse to a healthy dose of pragmatism when pursuing a strategic objective. Such was the case when Mellon Financial Corporation formed 50:50 ...
Features: Cover story - Inflation hedging - Reducing the impact of inflation.
Jul 01, 2008 ... Byline: Nat Mankelow When Stuart Stephen, head of the GBP16bn (20.2bn) UK pension fund of Lloyds TSB bank said in a recent FT Mandate interview that there wasn't enough proofing product to go around to hedge the scheme's liabilities against inflation, had he considered ...
Features: Cover story - Inflation proofing - Inflation-proofing hard to achieve.
Jul 01, 2008 ... Byline: Martin Steward As baseball legend Lawrence Peter "Yogi" Berra once put it, "A nickel ain't worth a dime anymore." Even if the recent inflation uptick is down to a short-term commodity-price shock that will ease off as global economic growth dampens demand, it ...
Strategies: Fixed income - Central banks diversify away from dollars to sterling bonds.
Jul 01, 2008 ... Byline: Nat Mankelow A resurgence in the largest fixed rate bond market outside the dollar and euro could be the key to unblocking pent up liquidity in the sovereign and supranational space, market makers claim. The GBP1300bn (1620bn) sterling bond market, which is ...
Strategies: Currency management - Solving the currency conundrum.
Jul 01, 2008 ... Byline: Martin Steward Hedging foreign exchange used to be a concern only for fixed income managers. The logic was that global equity market movements were closely-correlated with their local currencies, and so inherently volatile that the extra FX volatility would have less of ...