Magazine Issues»December-January 2014

NebulasRichard Ryan, senior credit fund manager at M&G Investments, explains what goes into a multi-credit fund.

Road signsThe asset management industry has weathered the financial storm, but there are more challenges ahead, says Rory Gage of Grant Thornton.

UmbrellasIdentifying a small number of underperforming shares can help index investors increase their gains. But how to do that? A high securities lending fee is one signal, and avoiding such shares would have led to outperformance over the past seven years, says Simon Colvin of Markit.

M WrigleyStimulated by the lasting effects of the global financial crisis, regulators around the world have discovered a new-found fever for prosecution when it comes to holding directors to account for the ills of their companies.

SubmarineBuy-side dealers are increasingly trading away from lit markets but regulators want to limit the extent of this dark trading. Nicholas Pratt examines whether the industry is set for a collision.

ClimberIs there a future for boutique hedge fund administrators in a market dominated by regulation? Nicholas Pratt investigates.

D OrrockThe election results in Germany have now put the much discussed roll-out of an EU Financial Transaction Tax (FTT) in Europe firmly back on the EU agenda, says Denis Orrock of GBST Capital Markets.

GymnastThe calibration of bond risk under Solvency II could undermine the financial stability and financing of businesses and sovereigns. Philippe Foulquier and Liliana Arias at Edhec explore the asset-liability mechanisms and long-term guarantee assessments.

F PassantAbout 6% of all European sustainable responsible investment (SRI) assets are held by retail investors, even though savers in France and the UK, for example, say they believe environmental, social and governance (ESG) factors are important when investing.