Investment Strategies for Pension Funds
08.30 : Registration and Coffee
09.00 : Welcome & Opening Remarks
Trevor Cook, Managing Director, Specialist Pension Services
09.10 : Session 1: Setting the Scene
Gina Miller, Founding Partner, SCM Direct
'Through the Looking Glass' - from investments to Brexit
Gina will explore why nothing is quite what it seems.
Taking Control: Predictable Outcomes and Transparent Solutions
This will cover our Growth, Income and Protection Framework, meeting cash-flows, current market influences and implementation issues.
Jeremy Cave, Portfolio Manager, Global Fixed Income Team, Goldman Sachs Asset Management
Cash Flow Matching
Pension schemes are facing a “Cash 22” as they are increasingly moving into negative cash flow creating a growing need to pay out cash to meet obligations. At the same time most schemes are underfunded and still have to generate returns to meet future liabilities. We explain how credit can be used as a matching asset to help schemes manage this dilemma.
11.00 : Coffee/Tea
11.30 : Session 2: Risk & Reward Management
Uncertainty across global markets continue to challenge investors’ ability to generate returns from traditional assets. As Gilts remain volatile, with Sovereign credit still expensive and with credit in late cycle, we will discuss the macroeconomic outlook for 2018 and ask what investors should be doing in the year ahead to: 1. Effectively access returns (through credit and unconstrained fixed income) and 2. Through innovation, better achieve their liabilities (utilising Cash Flow Matching strategies).
Anthony Lawler, Co-Head of GAM Systematic, GAM
Navitgating Risk Premia through the Cycle
In our approach to Alternative Risk Premia (ARP), we tap new sources of return by actively managing premia. We currently consider a variety of different premia in four asset classes (Equities, Fixed Income, FX, Commodities). All premia are market-neutral, highly liquid and possess a high diversification potential. We are actively allocating an ARP portfolio along four dimensions: macro regime, valuation, trend and sentiment. Moreover, risk management is at the core of our investment process. We strive to mitigate downside risks by considering co-drawdowns of the ARP and change active weights accordingly
12.50 : Drinks and Lunch
14.10 : Session 3: Practical Issues
Moderator: Charles Tatham, Chairman, Barker Tatham Investment Consulting
Multi Asset Investing
How can pension funds broaden their opportunity set, access better illiquidity and relative value across the capital structure, mitigate cyclical factors and avoid interest rate duration risk through a multi-strategy investment approach?
Pension Fund Issues
How should pension funds react to the major economic challnges that lie ahead?
A panel of pension scheme executives and trustees will talk about their pension fund's investment challenges and solutions.
Panelists to include:
Chetan Ghosh, Chief Investment Officer, Centrica
Robin Ellison, Trustee, Cambridge Colleges
15.30 : Drinks Reception & Close of Conference
This conference aims to help pension funds to review their investment strategy, looking individually at growth, income and protection issues and how to balance these to achieve differing objectives. We will examine the risks and expected returns associated with different investment approaches and how these can best be managed and controlled as well as taking into consideration practical issues such as implementation.
The conference is by invitation only for pension funds and other institutional investors. If you are not already receiving an invitation please contact us. A limited number of Complimentary invitations are usually available to genuine pension fund representatives (executives and trustees) and other approved institutional investors. However, to ensure we have room for as many funds as possible, we have to limit free places to 2 attendees per approved organisation thereafter a reduced rate fee is payable per delegate. Furthermore, SPS always reserves the right of admission (free or paid) and our decision is final.
February 8, 2018 Le Meridien Piccadilly, London
March 8, 2018 Copenhagen Marriott Hotel
March 15, 2018 Le Meridien Piccadilly, London
March 22, 2018 Apollo Hotel, Amsterdam
April 12, 2018 Le Meridien Piccadilly, London
April 19, 2018 Le Meridien Piccadilly, London
May 10, 2018 Le Meridien Piccadilly, London
June 7, 2018 The Westbury, Dublin
June 14, 2018 Le Meridien Piccadilly, London
July 12, 2018 Le Meridien Piccadilly, London
August 30, 2018 Le Meridien Piccadilly, London
September 13, 2018 Le Meridien Piccadilly, London
September 20, 2018 Apollo Hotel, Amsterdam
October 2, 2018 7A Strandvägen, Stockholm
October 11, 2018 Le Meridien Piccadilly, London
November 8, 2018 Le Meridien Piccadilly, London
November 15, 2018 Le Meridien Piccadilly, London
November 22, 2018 Manchester
December 11, 2018 Le Meridien Piccadilly, London