Investment Strategies for Pension Funds


8 February 2018
London – Le Meridien Piccadilly Hotel



Investment Strategies for Pension Funds

08.30    :    Registration and Coffee


09.00    :    Welcome & Opening Remarks


TrevorTrevor Cook, Managing Director, Specialist Pension Services





09.10   :      Session 1:  Setting the Scene


Kevin Clark Moderator: tbc





Gina MillerGina Miller, Founding Partner, SCM Direct


Keynote Presentation:

'Through the Looking Glass' - from investments to Brexit

Gina will explore why nothing is quite what it seems.



John WalbaumJohn Walbaum, Head of Investment Consultancy, Hymans Robertson


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 CaveJeremy 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


Moderator: tbc




Speaker tbc



Macro Outlook

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






Speaker tbc


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 GhoshChetan Ghosh, Chief Investment Officer, Centrica





Robin EllisonRobin 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.



Goldman Sachs 

Hymans Robertson







Le Meridien Piccadilly Hotel, London

21 Piccadilly

London W1 0BH

Hotel Tel: 08700 400 8400

Hotel Fax: 020 7437 3574


The hotel is located on the north side of Piccadilly, close to Piccadilly Circus, only two minutes walk from Piccadilly Circus underground station.




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