Local Authority Pension Funds' Investment Strategies
08.45 : Registration and Coffee
09.20 : Welcome & Opening Remarks
Fred Jaffe, Executive Director, Specialist Pension Services
09.25 : Session 1: Topical Issues
Moderator: Eric Lambert, Independent Investment Advisor
Jim 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 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
Moderator: 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 Mason, Director, 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 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
Moderator: John Harrison, Advisor, Border to Coast Pensions Partnership
Wolfram Klingler, Managing Partner, XTP Group
Dean 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 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 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, Tri-Borough Director of Treasury and Pensions, Westminster City Council
George 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.
November 22, 2018 V&A Marriott, Manchester
December 11, 2018 Le Meridien Piccadilly, London
January 10, 2019 Le Meridien Piccadilly, London
February 14, 2019 Le Meridien Piccadilly, London
March 7, 2019 Copenhagen
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