Local Authority Pension Funds' Investment Strategies


15 November 2018
London – Le Meridien Piccadilly Hotel



Local Authority Pension Funds' Investment Strategies

08.45    :    Registration and Coffee


09.20    :    Welcome & Opening Remarks


FredFred Jaffe, Executive Director, Specialist Pension Services





09.25   :      Session 1:  Topical Issues


Eric LambertModerator: Eric Lambert, Independent Investment Advisor





Jim StrangJim Strang, MD, Head of Europe, Hamilton Lane


Accessing Private Markets: Current Status and Progress of the industry

This talk will look at the evolution and development of private markets investment. Covering structural evolution of the markets over time and discussing the different ways of accessing the markets in today's world.



Steven SmithSteven Smith, Investment Director, Capital Group


Artificial Intelligence: Shaping the Future of Investing?

Artificial intelligence (AI) may be the most transformative and disruptive advancement since the Industrial Revolution. We take a closer look at how AI is not an abstract future development but is happening now as we unpick its history, evolution and potential long term implications for investors. Is AI poised to fuel the next wave of innovation, providing opportunities for companies and investors in the process? Find out in this session.  



10.40    :    Coffee/Tea


11.10     :    Session 2: Income from Property & Infrastructure 


Karen ShackletonModerator: Karen Shackleton, Senior Advisor, MJ Hudson Allenbridge






Niren Patel, Investment Strategist, Aviva Investors


Planning for Cash-Flow Negativity

With a growing number of Local Government Pension Schemes planning for cash-flow negativity, there is increased interest in generating income from real assets, particularly given the low yield environment. There are a range of benefits of implementing an income focused real asset portfolio, but investors need to understand the challenges to make the approach work for them. In this session we ill examine how the LGPS can invest in real assets. Specifically: 1) How to tailor a real assets portfolio to meet cash-flow needs; 2) What we can learn and improve from insurance companies who use a similar approach but are constrained by their regulatory environment; 3) What the LGPS pools need to consider when building options for their scheme clients.



Ian MasonIan MasonDirector, Portfolio Manager, AEW UK Real Return Fund


The changing role of real estate income in cashflow matching strategies

The solutions for Local Authority pension schemes needing higher yielding returns to match cash flow liabilities and help to plug any deficits in funding that may exist; Growing sustainable income streams from alternative real estate and investing in acyclical trends with traditional value investing; Investing in the benefits of property as a real asset to protect against rising bond yields. Issues affecting real estate from LGPS pooling.



Angus HendersonAngus Henderson, Head of Business Development, BMO Real Estate Partners


Build to Rent:

Helping address the UK housing shortage whilst generating a Sustainable Income

 Recent developments may provide investors with a sustainable income through the provision of affordable rental accommodation for middle income earners and key workers. We will discuss how institutional capital can help address shortages in affordable housing, allow tenants to put down roots creating sustainable communities whilst aligning interests between the Local Authority and the Pension Fund. We look at why supply/demand dynamics within the private rental sector remain favourable for LGPS investors in spite of the rise of the build to rent funds. 



12.50    :     Drinks and Lunch


14.00    :     Session 3: Management of Assets



John HarrisonModerator: John Harrison, Advisor, Border to Coast Pensions Partnership






Wolfram KlingerWolfram Klingler, Managing Partner, XTP Group




Dean JohnsonDean Johnson, Group Pension Investments Officer, J Sainsbury plc


Improving Cost transparency and Net Return: Big data in action!

Managing costs in asset management can help boost return and safeguard your interests as investors. This talk will look at new ways of understanding the true costs of investing (beyond TER) and consider how to achieve an extra net return in the portfolio without adding any risks or making changes to the manager mix. The Sainsbury Pension Scheme will explain how they have increased their cost efficiency. 



Julian CrippsJulian Cripps, Managing Director, RPMI Railpen


Building an Investment Capability

As the LGPS pools start to manage LGPS funds, this talk will share the experience of RPMI's investment function as it transitioned from managing investments for a single scheme, to managing the investment issues of a number of different employer schemes. How have the the internal operations adapted to meet the new demands and what are the lessons learned which may be relevant for both LGPS pools and their client funds?


15.15    :    Coffee/Tea



15.30         Session 4: LGPS Perspectives  


Moderator: John Raisin, Independent Advisor, London Borough of Waltham Forest





Douglas GreenDouglas Green, Partner, Hymans Robertson


LGPS Current Issues

A look at topical investment and other current issues affecting the LGPS Scheme and its constituent funds.




What's on the Agenda

A panel of LGPS scheme executives will talk about their pension fund's investment strategies and experiences. Panelists to include:


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






George GrahamGeorge Graham, Fund Director, South Yorkshire Pension Authority 





 Denise Le Gal, Chair, Brunel Pensions Partnership




16.45    :    Drinks Reception & Close of Conference


This conference will look at investment strategies for Local Authority pension funds including gaining income, particularly through property and sustainable house building, Artificial Intelligence and its impacts on markets and an update on investing in private markets.


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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