Partners

Interview

IMG
Interview , December 2016
Michèle Lacroix : “SCOR has strengthened its teams to invest more heavily in bank loans”
According to Michèle Lacroix, Head of Group Investment Office at SCOR, for several years, equity exposure has been strongly reduced in the group investment portfolio in contrast to its bank loan exposure...
IMG
Interview , December 2016
Marie Lemarie : “We have halved our equity exposures between 2011 and 2016”
According to Marie Lemarie, director of investments at Groupama SA, the conjunction of solvency and low-rate environment has militated for a reduction of the equity risk. Groupama has halved its equity exposures between 2011 and (...)
IMG
Interview , December 2016
Jean-Philippe Médecin : “Solvency II did not lead to a significant decline in our equity exposures”
Jean-Philippe Médecin, funding and asset-liability management director within the CNP Assurances investment department and its team are increasingly integrating hedges to limit the effects of market drawdowns…
IMG
Interview , December 2016
Agnès Lossi : "We expect a lot of progress in terms of dynamic balance sheet management and capital steering including their volatility, which is probably the major challenge for institutions."
According to Agnès Lossi, Partner and Director at Indefi, market risk contribution to capital requirements is high. It represents almost 50 % of the capital needs.
IMG
Interview , November 2016
Patrick Delestra : "Investing in thematic equities makes sense only if we use a specialist fund manager"
According to Patrick Delestra, Head of Equity at Apicil group, a balanced portfolio must used several kinds of strategies namely Small caps which outperform over the long term, Value equities that are undervalued and Growth stocks which are expensive but offer (...)

Opinion

IMG
Strategy, February 2016
Commodities at peak bearishness, presenting major opportunity
ETF Securities, one of the world’s leading, independent providers of Exchange Traded Products (ETPs), believes commodity markets may be close to their most attractive ever after continued levels of bearishness.
IMG
Opinion, February 2016
Japan steps up currency war
According to Keith Wade, Chief Economist & Strategist at Schroders, despite the market reaction, this move comes out of weakness and also raises the risk that China may retaliate with a further depreciation of its currency. If so, we will have entered a new phase in the (...)
IMG
Opinion, February 2016
Latest BoJ currency war salvo unlikely to be effective
According to Simon Ward, Chief Economist, Henderson Global Investors, the Bank of Japan’s surprise decision to introduce a negative interest rate on the top tier of banks’ reserve holdings recalls the famous Beyond the Fringe sketch in which Peter Cook’s squadron leader (...)
IMG
Opinion, January 2016
The US rate rise is symbolic
Sebastian Radcliffe, manager of the Jupiter North American Income Fund, comments on the decision by the US Federal Reserve to increase interest rates for the first time since 2006
IMG
Opinion, January 2016
The More Things Change …
For all that happened in 2015, one has to wonder if it will be lost in the textbooks as a pretty uneventful year. Sure it was the year of Ukraine, the Volkswagen scandal, “Unicorns”, ISIS, China’s slowdown, Fed “liftoff”, and another chapter in the Greece drama, but what really (...)
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