Alternative & Innovative Investment Strategies
08.45 : Registration and Coffee
09.15 : Welcome & Opening Remarks
Trevor Cook, Managing Director, Specialist Pension Services
09.20 : Session 1: Overview and Review: Challenges and Solutions
Himanshu Chaturvedi, Managing Director, Cambridge Associates
Overview from a Pension Fund Perspective
Mark Greenwood, Senior Portfolio Manager, Old Mutual Global Investors
The hidden risks of negatively skewed portfolios
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.
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.
11.00 : Coffee/Tea
11.30 : Session 2: Risk Management Strategies
Moderator: Huw Evans, Trustee Executive and Member of the Board, BESTrustees
Speaker to be confirmed, Aviva Investors
Framework and Journey Plan for De-Risking
Focus on illiquid asset strategies and how these will impact end investment plan for maturing pension funds.
Matthew Bullock, Investment Director, Global Multi-Asset Strategies, 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.
12.45 : Drinks and Lunch
14.00 : Session 3: Alternative Investment Opportunities & Pension Fund Insights
Joseph Devine, Senior Vice President, Chief Investment Officer - Emerging Market Equity, Macquarie Investment Management
Emerging Markets Small Caps
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
Aviation Leasing as a Secure Income Strategy: A real opportunity to help with a Pension Fund's Flightpath
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:
Mark Hedges, Chief Investment Officer, Nationwide Pension Fund Trustee Ltd.
Yodia Lo, Senior Alternatives Analyst, Church Commissioners for England
Mark Lyon, Head of Equities and Alternatives, Border to Coast Pensions Partnership
16.15 : Drinks Reception & Close of Conference
This conference aims to examine the role of alternative and innovative investment strategies in diversifying risks and improving returns. Pension funds will gain an insight into whether such strategies can be employed to help improve their funding status 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.
August 30, 2018 Le Meridien Piccadilly, London
September 13, 2018 Le Meridien Piccadilly, London
September 20, 2018 Apollo Hotel, Amsterdam
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