Local Authority Pension Fund Investment Issues
08.45 : Registration and Coffee
09.20 : Welcome & Opening Remarks
Trevor Cook, Managing Director, Specialist Pension Services
09.25 : Session 1: Income and Risk Considerations
Kera van Valen, CFA , MD, Lead Portfolio Manager and Senior Research Analyst, Epoch Investment Partners
Equities as a Predictable and Consistent Source of Income
The number of cash flow negative pension funds in the UK has grown and this trend is set to continue .Our presentation will discuss why we think equities should be considered as a reliable source of income. We will discuss the pros and cons of other income bearing asset classes; both those used historically (fixed income) and the alternatives asset classes gaining momentum currently such as infrastructure and private debt and compare these to equity investing. We will also discuss the characteristics and controls you need in a global equity income strategy in order to achieve the desired levels of income predictability and consistency etc.
Thomas Kieselstein, CIO, Managing Partner, Quoniam Asset Management
Craftsmanship Alpha - Creating Value for LGPS Funds in a De-Risking Environment
At a time when LGPS funds continue to be worried about risk and simultaneously seeking extra return, we explore how value can be systematically added through ‘craftsmanship alpha’ or skilful implementation, including more advanced factors and multi-dimensional optimisation. This presentation will examine how advanced factors, alternative data sets and even artificial intelligence can be used to add value without adding risk.
10.40 : Coffee/Tea
11.10 : Session 2: Private Markets & LGPS Funds Panel
Moderator: Eric Lambert, Independent Investment Advisor
Stewart Hay, Global Head of Private Markets Client Strategies, Aberdeen Standard Investments
Private Markets - A Tailored Approach
This presentation will focus on the tailored approach that is available for building and diversifying private equity specifically, and private markets generally, through custom built solutions.
Jerôme Sousselier, Managing Director, European Infrastructure Equity, ICG and
Max Mitchell, Senior Managing Director, Head of Direct Lending, Europe, ICG
Owning European Infrastructure
With attractive cash yields, good risk adjusted returns, low volatility and low correlation to other traditional asset classes; infrastructure is complementary to a portfolio. In this session we explore the different types of risk and return that are available to investors in mid-market infrastructure equity.
LGPS Funds Panel
A panel of LGPS scheme executives will talk about their pension fund's investment strategies and experiences. Panelists to include:
Andrien Meyers, Head of Pensions, London Borough of Lambeth
Phil Triggs, Tri-Borough Director of Treasury and Pensions, Westminster City Council
Peter Wallach, Director of Pensions, Merseyside Pension Fund
Bridget Uku, Group Manager Treasury & Investments, London Borough of Ealing
12.50 : Drinks and Lunch
14.00 : Session 3: EMD & ESG
Emerging Market Debt
Emerging Market Corporate Debt is one of the fastest growing areas of global fixed income. This presentation will examine the characteristics, risks and benefits of this developing investment class and how it can be used to help diversify an investment portfolio.
Frederic Hoogveld, Head of Investment Specialists, Index & Smart Beta Strategies, Amundi Asset Management
Passive ESG Investing Workshop
- We will discuss the range of passive solutions for investors looking to improve the ESG profile of their overall portfolio in equity and fixed income space.
- Analyse the progression from standard indexing to best-in-class strategies and thematic solutions.
- Focus on how ESG can be intelligently integrated into indexing solutions to offer high-capacity, low-cost and low tracking-error access to ESG investing, and on the high visibility and impact offered by thematic strategies.
15.15 : Coffee/Tea
15.30 : Session 4: Consultant's View & LGPS Pools Panel
Moderator: Eric Lambert, Independent Investment Advisor
William Marshall, Head of LGPS Investment Clients, Hymans Robertson
The Consultants' View: Looking ahead in the LGPS
This session will address some of the other issues facing Local Authority pension investment, such as acting on improved funding positions, investment opportunities and the impact of pooling on transitions and governance arrangements.
LGPS Pools Panel
What is the approach of the new pools and how do they vary? The panel aims to highlight the different approaches and stages of development of the various pools. Panelists to include:
Chris Hitchin, Chair, Border to Coast Pensions Partnership
Denise Le Gal, Chair, Brunel Pension Partnership
16.40 : Drinks Reception & Close of Conference
With the new Local Authority investment pools now up and running, we’ll hear from both sides of this new relationship. A LGPS Funds Panel and a LGPS Pools Panel will give their different perspectives on the new landscape. At a time of heightened uncertainty across asset classes, we’ll also discuss a broad range of investment strategies designed to weather the storm and deliver consistent income, as well as diversifying strategies which aim to increase return.
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.
March 7, 2019 Copenhagen Marriott
March 13, 2019 Le Meridien Piccadilly, London
March 21, 2019 Apollo Hotel, Amsterdam
April 10, 2019 Le Meridien Piccadilly, London
April 17, 2019 Le Meridien Piccadilly, London
May 9, 2019 Le Meridien Piccadilly, London
June 11, 2019 Dublin
June 18, 2019 Le Meridien Piccadilly, London
July 11, 2019 Le Meridien Piccadilly, London
September 5, 2019 Le Meridien Piccadilly, London
September 12, 2019 Le Meridien Piccadilly, London
September 24, 2019 Apollo Hotel, Amsterdam
October 3, 2019 7A Strandvägen, Stockholm
October 10, 2019 Le Meridien Piccadilly, London
November 7, 2019 Le Meridien Piccadilly, London
November 14, 2019 Le Meridien Piccadilly, London
November 21, 2019 The Met Hotel, Leeds
December 5, 2019 Le Meridien Piccadilly, London