Raphael Sobotka: International case studies

This conversation covers some examples of the techniques deployed for thinking about decumulation using data from Hong Kong, Singapore and France.

Speaker: Raphael Sobotka, global head of flexible, risk premia and retirement solutions, Amundi 

Moderator: Alex Proimos, head of institutional content, Investment Magazine

Length: 11 mins

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Silver is the new gold: France’s UMR targets opportunities in ageing economy

Silver is the new gold: France’s UMR targets opportunities in ageing economy

French pension organisation UMR has launched a multi-asset thematic program that will target opportunities in Europe’s ageing economy. It’s part of a broader strategy to increase diversification in private markets where it sees secondary markets as an increasingly important tool.

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The Co-op’s equally split strategy

The United Kingdom’s Co-operative Group, a chain of food, funeral and financial services outlets, markets itself on a popular loyalty scheme whereby customers earn points that are converted into a profit share, or dividend, directly linked to the group’s annual profits. It’s a founding philosophy that can trace its roots back a hundred years and

Pension funds, where banks no longer go?

There continues to be potential for pension capital appearing where bank lending no longer wants to go. Commentators in the UK and continental Europe have heightened expectations that pension funds will step in to help fill the continent’s bank financing gap. Societe Generale, for instance, recently predicted further “disintermediation” by investors sidestepping banks and looking

Building consensus for investment beliefs at CalPERS

An investment-beliefs workshop for the CalPERS board, held in April, revealed five areas, including active management, where the views of the board and staff lacked consensus. The contentious, or unsettled, topics for discussion were active management, private asset classes, sustainability (environmental, social and governance), investment performance targets and stakeholder considerations. At the board workshop, Janine

Pension funds and social housing: a perfect match?

Pension funds and social housing: it looks like a perfect match as schemes in the United Kingdom seek long-term, index-linked cash flows and housing associations, the not-for-profit providers of this type of affordable housing for low income households, hunt the long-term finance they can’t access via banks. Broad residential housing represents just 1 per cent

Danish real estate charity builds balance

Gert Poulsen, chief investment officer of the €3-billion ($3.9-billion) Danish charity Realdania, likes both property and the risk of earthquakes. The connection, Poulsen quickly adds, is not because he welcomes natural disasters, but due to Realdania’s distinctive history. Based in Copenhagen, Realdania was founded in 2000 when Danske Bank, the country’s largest lender, bought the

Asset-backed funding: desperate or innovative?

On one hand, the decision by one of the United Kingdom’s leading foods businesses, Dairy Crest, to plug its £84-million ($130-million) pension deficit with cheese smacks of desperation. Any proactive investment strategy to get the $1.2-billion pension fund back on track has been abandoned for a funding measure using unconventional sponsor assets to plug investment

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