July-August 2014

Nick LysterThe new alternative funds regime, which launches when the Alternative Investment Fund Managers Directive takes hold on July 22, frees institutional investors from the restrictions of Ucits funds while offering a similar quality mark. It is a great opportunity, says Nick Lyster, the European chief executive of Principal Global Investors.

Fiona RintoulIt is a source of mild irritation to me that investment managers often include school fees in their lists of clients’ long-term savings goals.

Mountain peaksThe Swiss franc has appreciated against the dollar over the years, tempting fund managers to take on additional currency risk to boost overall performance. Stefanie Eschenbacher finds speculative currency investing is a dangerous move. 

BirdsThe rate of failed trades is to rise when Switzerland and the rest of the European Economic Area shortens settlement cycles by one day later this year. Stefanie Eschenbacher finds Switzerland may be better prepared than its peers.

Tim-BlackwellCredit Suisse is extending its alternatives offering in a move that recalls its 2008 shift away from traditional strategies. Stefanie Eschenbacher talks to newly appointed global head of core investments, Tim Blackwell.

Equities are still the dominant asset class for Swiss franc investors, with bonds not far behind. An interesting trend is the decline in money market fund assets, from a market share of more than a fifth to just 8% today.

TagsFund charges are back in the spotlight, with 99% of active fund managers in a report underperforming. Fiona Rintoul finds some who think the charging puzzle can be solved, but there is disagreement on how to do it.

SatelliteMarket surveillance of fund managers and traders has increased since 2007. Nicholas Pratt looks at how the UK regulator is evolving its budget and skills. 

Stephen ZinserStephen Zinser, CEO of London’s ECM, found traction in the US after selling the firm to Wells Fargo. Now he has to sell Europe to the Americans, finds Nick Fitzpatrick.

SpainLoose monetary policy has helped ETFs that target the eurozone. Nick Fitzpatrick looks at deeper reasons for Spain’s gains, and asks if Southern Europe has any more rewards to give.

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Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

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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.

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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

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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

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

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

ROUNDTABLE: The issue is perception

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Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.

ASSET SERVICING ROUNDTABLE: Under pressure

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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.