Highlights from Monday’s FTfm.
The challenge of building fixed income indices
Investors should be aware of the inherent difficulties with the passive fixed income investing approach.
Regulations don’t just hurt hedgies
Before regulators hound hedge funds out of Europe they should pause – securities lending, for example, could be a useful source of revenue for pension funds, writes Pauline Skypala.
The true cost of shale gas production
Shale gas is not magic. Production costs are high, and probably underestimated, says John Dizard, at the risk of being considered heretical.
The end of gilts’ 30-year high is nigh
The returns of the last 30 years from government bonds cannot and will not be repeated over the next 30, writes Jonathan Davis.
Accounting rule threat to DB funds
Proposed changes to international accounting standards will accelerate the pace at which defined benefit corporate pension schemes are selling out of equities and closing to further accrual.
Rethink is on over Japanese rights issues
Many in Japan believe the facilitation of rights issues will give companies another option as to how they can raise equity, but are the hurdles insurmountable?
Norway state fund to buy property
Norway’s state pension fund will be allowed to invest up to 5% of its portfolio in property for the first time, reducing its allocation to fixed income.