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April, 2012
Stability at a reasonable price
NIGEL MASDING OF LONGVIEW PARTNERS EXPLAINS WHERE HE SEES ATTRACTIVE GLOBAL EQUITY OPPORTUNITIES IN AN ENVIRONMENT OF MACROECONOMIC UNCERTAINTY AND A SCARCITY OF GROWTH Macroeconomic uncertainty and scarcity of growth are two of the major challenges that equity investors face today. The apparent response has been for investors to concentrate on the ...
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April, 2012
Value of tuning out the macro white noise
LONG-TERM EQUITY INVESTORS SHOULD NOT BE PARALYSED BY THE EXCESSIVE DISTRACTIONS EMANATING FROM EUROPE AND ASIA. IN FACT, ROBERT TAYLOR OF HARRIS ASSOCIATES ARGUES THAT VOLATILITY CREATES OPPORTUNITY FOR INVESTORS FOCUSED ON THE INTRINSIC VALUE OF QUALITY BUSINESSES WORLDWIDE White noise of macroeconomic worry has been hampering the market’s ...
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April, 2012
Does your plan have a global small-cap “gap”?
GLOBAL SMALL-CAP INVESTING HAS HISTORICALLY PROVIDED STRONG RISK-ADJUSTED RETURNS AND DIVERSIFICATION BENEFITS. ROBERT FELDMAN, LANCE McINERNEY AND CHRIS STEWARD OF PYRAMIS GLOBAL ADVISORS OUTLINE REASONS WHY INVESTORS SHOULD CONTINUE TO BENEFIT FROM THE ASSET CLASS Although global small-cap equities have historically offered attractive returns and ...
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April, 2012
Equity strategies for today’s unpredictable markets
A KEY TO SUCCESS IS THE ABILITY TO IDENTIFY FUTURE DRIVERS OF RETURNS AND INVEST ACCORDINGLY. MATTHEW LAMB OF GAM EXPLAINS MORE Global equity markets have once again responded enthusiastically to a dose of exceptional monetary stimulus, believing that European Central Bank actions have lessened the possibility of a catastrophic bank failure in ...
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April, 2012
Investing in global equities
FOR MOST LONG-TERM INVESTORS, GLOBAL EQUITIES ARE STILL A POPULAR FILLING IN THE INVESTMENT SANDWICH, DESPITE THE ARRIVAL ON THE MENU OF ALTERNATIVE CHOICES For most long-term investors, global equities are still a popular filling in the investment sandwich, despite the arrival on the menu of alternative choices. This is shown in the asset ...
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November, 2011
Catastrophe bonds: the perfect alternative investment?
MATTHEW LAMB OF GAM EXPLAINS THE ATTRACTIONS CATASTROPHE BONDS HOLD FOR PENSION FUNDS AND WHY THE CURRENT OUTLOOK IS SO PROMISING With a history of delivering uncorrelated and attractive riskadjusted returns, catastrophe (or "cat") bonds can provide unique diversification potential to pension funds, with low sensitivity to the credit cycle, to ...
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November, 2011
The possibilities and pitfalls of investing in distressed debt
ANDREW SWAN OF M&G INVESTMENTS SPEAKS TO PAUL TAYLOR, THE COMPANY’S SENIOR RESTRUCTURING SPECIALIST AND MANAGER OF THE M&G DEBT OPPORTUNITIES FUND, ABOUT THE BENEFITS OF INVESTING IN DISTRESSED DEBT Andrew Swan (AS): Paul, can we first establish what you would say is the definition of distressed debt? Paul Taylor (PT): Absolutely. There are ...
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November, 2011
Investing in alternatives – a local authority viewpoint
Local authority pension funds face a dilemma when it comes to investing in alternative assets. On one hand, assets such as private equity, infrastructure, commodities and hedge funds, have some very attractive qualities for long-term investors. These include the fact they should offer diversification from listed equity and bond markets, the reassuringly ...
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October, 2011
Absolute return credit – it’s the big picture that counts
JULIAN LYNE OF F&C EXAMINES WHY CREDIT REMAINS IN THE INVESTMENT "SWEET-SPOT" AS AN ASSET CLASS, OFFERING A COMPELLING OPPORTUNITY FOR PENSION SCHEMES. HE ALSO LOOKS AT THE BENEFITS THAT AN ABSOLUTE RETURN APPROACH TO FUND MANAGEMENT CAN BRING TO ANY INVESTMENT PORTFOLIO When reviewing the investment mandate of a pension scheme, trustees need to ...
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