Local Authority Pension Fund Investment Issues


13 March 2019
London – Le Meridien Piccadilly Hotel




Local Authority Pension Fund Investment Issues 

08.45    :    Registration and Coffee


09.20    :    Welcome & Opening Remarks


TrevorTrevor Cook, Managing Director, Specialist Pension Services





09.25   :      Session 1: Income and Risk Considerations


John Harrison  Moderator: John Harrison, Advisor, BCPP 





Kera van ValenKera 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 KieselsteinThomas 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


Eric LambertModerator: Eric Lambert, Independent Investment Advisor






Padayachee Shaylen Shaylen Padayachee, Investment Manager, Private Markets, 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.



Jerome SousselierJerôme Sousselier, Managing Director, European Infrastructure Equity, ICG and  




Max MitchellMax 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 MeyersAndrien Meyers, Head of Pensions, London Borough of Lambeth




Phil TriggsPhil Triggs, Tri-Borough Director of Treasury and Pensions, Westminster City Council




Peter WallachPeter Wallach, Director of Pensions, Merseyside Pension Fund 




Bridget UkuBridget Uku, Group Manager Treasury & Investments, London Borough of Ealing 





12.50    :    Drinks and Lunch


14.00    :    Session 3:  


Nobert FullertonModerator: Norbert Fullerton, Senior Advisor, MJ Hudson Allenbridge




Andrew Keirle, Portfolio Manager, T. Rowe Price


Is The Case for EM Debt Intact?

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 MarshallWilliam 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 HitchenChris Hitchin, Chair, Border to Coast Pensions Partnership





Denise le GalDenise Le Gal, Chair, Brunel Pension Partnership





Joanne SegarsJoanne Segars, Chair, LGPS Central





16.45   :    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.


Supported by:



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.



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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