CONFERENCE DETAILS

 

Investment Strategies for Pension Funds 


A look at Alternative & Innovative Investment Strategies 

 

13 September 2018
London – Le Meridien Piccadilly Hotel

Programme

  

Alternative & Innovative Investment Strategies


08.45    :    Registration and Coffee

 

09.15    :    Welcome & Opening Remarks

 

TrevorTrevor Cook, Managing Director, Specialist Pension Services

 

 

 

  

09.25   :      Session 1:  Overview: Challenges and Solutions

 

  Moderator: Carol Perry, Director, Independent Trustee Services

 

 

 

 

Himanshu ChaturvediHimanshu Chaturvedi, Managing Director, Pensions Practice, Cambridge Associates

 

Overview from a Pension Fund Perspective

Incorporating innovative and often unfamiliar strategies in portfolios is a highly attractive proposition in the current environment where many asset class valuations are rich. These strategies often require a slightly different approach to incorporating them within strategic investment policy formulation and to implement successfully. We will explore how to navigate some of the most important issues when investing in these strategies.

 

  

Mark Greenwood, Senior Portfolio Manager, Old Mutual Global Investors

 

Hidden Risks

With equity and credit markets looking increasingly expensive, pension fund investors are understandably becoming wary of downside risks. Heightened volatility and continued overweight to traditional asset classes are making portfolios vulnerable to even small shocks and Chief Investment Officers and Trustees alike have to consider ways of protecting their portfolios against adverse market moves. This session will discuss why the skew of portfolio returns matters and how some strategies that benefit from heightened volatility and crowding can seek to improve the overall performance of pension funds by offering genuine diversification from traditional assets and downside protection. 

 

10.40     :    Coffee/Tea

  

11.10     :    Session 2: Risk Management Strategies 

 

Huw EvansModerator: Huw Evans, Trustee Executive and Member of the Board, BESTrustees

 

 

 

 

John Dewey John Dewey, Head of Investment Solutions, Aviva Investors

 

Destination De-risked: The Road to the Endgame

DB pension schemes are slowly but surely heading towards their endgame. The uncertain cost of pensions continues to put pressure on sponsor companies, while trustees must adapt to new issues and techniques. Against this backdrop pension risk transfers have become more common.  In this session we look at how cashflow driven strategies can target a cost effective and predictable de-risking path, blending techniques from both asset management and insurance. We’ll also look at some common concerns, risks and the tools available to mitigate them.

 

 

Matthew BullockMatthew BullockInvestment Director, Investment Products & Strategies - Multi-Asset, Wellington Management International

 

Alternative Risk Premia: Is it as complicated as it sounds?

Structuring growth assets to provide liquid, attractive risk-adjusted returns at competitive fees is a key objective of many schemes as they continue to derisk. A well-constructed Alternative Risk Premia strategy should be able to deliver these characteristics, and offer smoother, more consistent returns over time. However, the world of Alternative Risk Premia is shrouded in jargon. In this presentation, we are going to peel back the layers of jargon and expose what is under the bonnet of an Alternative Risk Premia strategy. What is it and why do you need it? How do you use it? Are all strategies the same? What should you look for when evaluating options? We will answer all these questions and more during the session.

 

Andrew RobertsonAndrew Robertson, Principal & Managing Director, Christofferson Robb & Co.

 

 Risk Sharing Transactions with Banks (RST's)

Cashflow driven investments from income generating notes; Uncorrelated to markets. Core European countries have SME's at the beating heart of their economy. SME debt is arguably better originated and managed by local bank branches vs foreign non-bank direct lending platforms.

     

12.50    :     Drinks and Lunch  

 

14.00    :     Session 3: Alternative Investment Opportunities & Pension Fund Insights

 

Moderator: Kevin Clark, Independent Director, PS Independent Trustees Ltd.

 

 

 

 

Joseph Devine, Senior Vice President, Chief Investment Officer - Emerging Market Equity, Macquarie Investment Management

 

Evolution of Global Investing: Emerging Markets Small Cap Equity

 Across the emerging markets landscape, small-caps are showing attractive risk adjusted return potential, deep inefficiencies and the ability to provide access to unique investment opportunities. When choosing Emerging Market assets, many investors tend to focus on companies at the higher end of the capitalisation spectrum. In doing so, they overlook the potential that small-cap companies can offer. This session will look at the unique attributes of Emerging Markets Small Caps that include: 1. Lower correlations to global risk factors; 2. Exposure to a growing consumer base; 3. Market inefficiencies that can give active managers increased opportunity to generate alpha; 4. A focus on local economies. As a result, when Emerging Market small-caps are added to an otherwise diversified portfolio, they may offer deeper opportunities for diversification and positive long-term returns.

 

 

Jochen BaltesJochen Baltes, Managing Director, KGAL Group

 

 

A Core Aviation Portfolio Fund

With the need for maturing funds to set investment strategies that need help to meet their on-going liabilities, there is a search on for opportunities to invest in assets that will provide stable and secure cash flows. Traditionally, Real Estate has been a "go to" source of income, particuarly where tenants have committed to long-term leases. In this session we will explore the opportunity to consider aircraft as another source of secure income.  Drawing on KGAL's 40 years of experience in aviation, transacting on over 700 aircraft, we will outline the growth in the industry and how it is possible to structure long term leases, on readily marketable aircraft, to generate a secure income stream that could compliment other allocations, and help provide diversification across a portfolio.

 

15.15     :    Coffee/Tea

 

15.30     :     Pension Fund Insights

  

A panel of pension schemes executives will talk about which alternative investment strategies they have incorporated into their investment process. Panelists to include: 

 

Moderator:  Kevin Clark, Independent Director, PS Independent Trustees Ltd. 

 

 

Mark HedgesMark Hedges, Chief Investment Officer, Nationwide Pension Fund Trustee Ltd.

 

 

 

 

Mark Lyon Mark Lyon, Head of Equities and Alternatives, Border to Coast Pensions Partnership

 

 

 

   

16.15   :    Drinks Reception & Close of Conference

Purpose

This conference aims to look at how pension funds can improve their fund returns by particularly examining the role of alternative and innovative investment strategies and how they might be able to diversify risk and improve returns. The aim is to provide pension funds with an insight into whether such strategies can be employed to help improve their funding levels and/or to meet specific income requirements. We will also seek to address practical issues such as liquidity, fees, transparency and implementation. 

Cost

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.

 

Venue

Le Meridien Piccadilly Hotel, London

21 Piccadilly

London W1 0BH

Hotel Tel: 08700 400 8400

Hotel Fax: 020 7437 3574

www.lemeridienpiccadilly.co.uk

 

The hotel is located on the north side of Piccadilly, close to Piccadilly Circus, only two minutes walk from Piccadilly Circus underground station.

MAP

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