December-January 2014

Fiona RintoulHaving once worked for a research firm, I know how easy it is, faced with a deadline and dizzy with caffeine, to look at some pretty meaningless numbers and come up with a finding.

Europe...the crisis-hit countries of the developed world will see some economic growth. But political risk and unemployment will continue to frustrate the recovery. George Mitton examines what strategists in the funds world expect for the coming year.

S PierriFront office outsourcing and a growth in third-party clients are some of the landmarks of Pioneer Investments’ unfolding five-year growth plan. Nick Fitzpatrick talks to Sandro Pierri, chief executive of the Unicredit-owned asset manager.

P DuvalPascal Duval, Russell Investment’s Emea chief executive, is ringing the changes for performance fees, he tells Nick Fitzpatrick. The head of the multi-manager says fees are flawed, but good managers will understand.

ChocolateEuropean corporates are issuing more high yield bonds than ever before, but fund managers are becoming increasingly concerned about credit quality. Stefanie Eschenbacher reports.

Off-roadThe prospect of rising interest rates or yields is the biggest challenge to bond funds right now. A rising rate environment may benefit the absolute return sector, but also test it, writes Nick Fitzpatrick.

liquidationEvent-driven Ucits hedge fund strategies have emerged as a favourite over the past year as investors warm to illiquid strategies. Stefanie Eschenbacher looks at developments in the alternative Ucits sector.

Wall streetThe investment advice industry in the US is growing. It has, so far, avoided a regulatory probe into fees. But the lack of clarity surrounding fees – which sparked a review in the UK – is significant, finds Nick Fitzpatrick.

LakeAn outcrop of socially responsible investment, natural capital accounting requires a new language to value the things in nature that make life worth living, finds Fiona Rintoul.

A ArbuthnottInvestors seeking high alpha should look to concentrated strategies, according to Andrew Arbuthnott, head of large cap European equity at Pioneer Investments and lead manager of Pioneer Funds – Top European Players.

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Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.