Alternative & Innovative Investment Strategies
08.45 : Registration and Coffee
09.15 : Welcome & Opening Remarks
Trevor Cook, Managing Director, Specialist Pension Services
09.25 : Session 1: Overview: Challenges and Solutions
Moderator: Carol Perry, Director, Independent Trustee Services
Himanshu 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
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
Moderator: Huw Evans, Trustee Executive and Member of the Board, BESTrustees
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 Bullock, Investment 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 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 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 Hedges, Chief Investment Officer, Nationwide Pension Fund Trustee Ltd.
Mark Lyon, Head of Equities and Alternatives, Border to Coast Pensions Partnership
16.15 : Drinks Reception & Close of Conference
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.
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.
October 2, 2018 7A Strandvägen, Stockholm
October 11, 2018 Le Meridien Piccadilly, London
November 8, 2018 Le Meridien Piccadilly, London
November 15, 2018 Le Meridien Piccadilly, London
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