Annual Bond 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
Moderator: Kevin Clark, Client Director, PS Independent Trustees
Chris Bowie, Partner, TwentyFour Asset Management
Opportunities in shorter dated credit for pension schemes
An overview of our investment outlook for the year ahead. How can shorter dated credit be used to achieve strong returns with minimal volatility? Comparing this approach with traditional absolute return credit and how they can provide liquidity and cash flow.
Relative Value in Multi Asset Credit Investing
As the relative value between different credit asset classes shifts over time, Multi-Asset Credit (MAC) investing enables tactical and dynamic asset allocation to profit from a broad range of opportunities, mitigate risk and manage duration. Where are we today across credit markets and what are the current trends? Looking forward, what worries us and where are the most compelling individual credit opportunities that MAC strategies will seek to capture on a relative value and absolute basis.
10.25 : Coffee/Tea
10.55 : Session 2: Securitised Markets
Moderator: Clive Gilchrist, Deputy Chairman, BESTrustees
Michael Wands, Head of Global Investment Strategies, Putnam Investments
What's backing your bonds?
Introduction to the securitised credit market and an overview of the US and European ABS markets. What are the interesting opportunities as well as potential areas of concern within the securitised market? Are we being lulled into a false sense of security 10 years on from the Financial Crisis, or are there reasons to be in the MBS sector? Are car loans or US commercial real estate mortgage backed securities the seeds of the next crisis? How can securitised credit be used within a UK DB scheme.
Ion Dan, Portfolio Manager - US Core Fixed Income and Absolute Return MBS, Macquarie Investment Management
Are you Invested in the Second Largest Global Fixed Income Market?
This session will explore why US agency Mortgage Backed Securities may be the largest fixed income sector currently overlooked by UK Pension Funds, with the potential to provide diversification, downside protection and strong risk-adjusted returns.
12.10 : Drinks and Lunch
13.20 : Session 3: Changes Ahead
Moderator: Joanna Matthews, Client Director, Capital Cranfield
Stuart Lingard, Vice President, Director - Global Fixed Income Product Management, Franklin Templeton Investments
Delivering Positive Returns in a Potential Bear Market for Bonds
Rising interest rates and inflationary risks could result in losses for investors with traditional global fixed income exposure. How can unconstrained fixed income protect capital and deliver positive returns in such an environment?
Patricia Scheutz, Senior Client Portfolio Manager, Global Bonds, Pictet Asset Management
Investing in a rapidly-changing bond market
A three-decade long bull market is coming to an end. It may soon become much harder to achieve the desired balance between risk and return. We believe that flexibility will be key. To deliver performance in this changing market, investors should consider an unconstrained approach to fixed income, with a focus on absolute rather than relative returns.
15.00 Session 4: Practical Issues
Moderator: To be confirmed
Sam Roberts, Head of Investment Consulting, Cartwright
Putting it all together
With such a lot going on in the economy and so many investment opportunities apparently available at the moment, how do pension fund trustees choose? Today's presentations demonstrate the extent of the opportunities in fixed income alone but how should trustees choose which are the most appropriate opportunities for their fund and how can you best combine opportunities to enhance return and reduce risk?
A panel of pension scheme executives and trustees will talk about their pension fund's investment strategies and experiences. Panelists to include:
Peter Martin, Investment Officer, Medical Defence Union
16.15 : Drinks Reception & Close of Conference
The 17th instalment of this popular conference which traditionally starts off the SPS year, aims to examine some of the more important and pertinent issues, challenges and opportunities currently facing pension funds’ investments in the fixed income sector. As well as the general outlook for bonds we also will seek to consider practical issues such as how to improve return, manage risks and cope with volatility in different portfolios.
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.
January 9, 2018 Le Meridien Piccadilly, London
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 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 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