FTfm on AV | FT Alphaville

FTfm on AV

Some highlights from Monday’s FTfm.

Chairmen fail in governance duty
Chairmen of FTSE 350 companies are failing to take responsibility for corporate governance, with half making no mention of the issue in their annual report statements, according to a review of company reports for the year to the end of March 2011

LatAm poised for big growth
The Latin American asset management industry could nearly triple in size over the next 10 years presenting great opportunities for global managers, report says

Pension funds sign up for UK project
Two of the UK’s largest pension funds, The £11bn Greater Manchester Pension Fund and the £4.1bn London Pension Funds Authority, have agreed to work with the UK Treasury to develop proposals to facilitate institutional investment in infrastructure

Fine time to utilise those LDI strategies
Pension funds that have been ignoring their liabilities are in trouble, but those already employing LDI strategies are probably feeling great relief

Don’t trust the new normal in bonds
We’re in very strange territory indeed – Germany’s dismal bond sale, its worst received since the euro’s launch, and now the US and the UK, two debt-laden deficit countries, are the world’s main bolt-holes for nervous money, says John Plender

A welcome departure from the norm
StockR8 might actually work and might finally offer a departure from short-termism. Anything that helps us move in that direction would be good news, writes Pauline Skypala

So what happens if the euro breaks up?
John Dizard ponders the What Ifs arising from a break-up of the eurozone and wonders why the obligations of competitive, solvent corporations in peripheral Europe should not be valued at a premium to their home governments’ bonds