CONFERENCE DETAILS

 

Property, Real Assets & Infrastructure Investment Strategies for Pension Funds
 

 

12 October 2017
London – Le Meridien Piccadilly Hotel

Programme

  

Property, Real Assets & Infrastructure Investment Strategies 


08.30    :    Registration and Coffee

 

09.00    :    Welcome & Opening Remarks

 

FredFred Jaffe, Executive Director, Specialist Pension Services

 

 

 

  

09.10   :      Session 1:  Opportunities in Infrastructure

 

headshot Moderator: Linda McAleer, Senior Consultant, Hymans Robertson

 

 

 

 

Robert HardyRobert Hardy,  Managing Director, J.P. Morgan Asset Management

 

Current Themes and Trends in Infrastructure

Exploring the current  themes and trends in infrastructure investing and how to find value in today’s competitive market place by focusing on deal flow and implementing platform investment strategies.

 

 

Greg SmithGreg Smith, President & CEO, InstarAGF

 

Infrastructure Trends in North America

North America’s 21st century infrastructure needs are deeply complex, presenting increasing challenges --- and opportunities --- related to urbanization, demographic shifts, technological change and environmental imperatives.  Addressing these urgent infrastructure requirements and building for the future requires trillions of dollars in capital and unprecedented innovation in how we finance, build, maintain and improve our critical infrastructure.  This presentation will explore where the best infrastructure investment opportunities in North America are arising; the infrastructure refurbishment and retrofit trend and the unique financing models that are emerging; and why the North American middle market offers superior investment opportunities for investors.

 

 

Nadia NikolovaNadia Nikolova, VP, Infrastructure Debt, Allianz Global Investors

 

Infrastructure and Beyond - the Role of Private Secured Credit in a Pension Portfolio

Financial repression has shrunken the returns of fixed income products globally creating a challenging environment for pension funds looking for liability matching assets. Our presentation will provide an outline of the key characteristics of infrastructure debt investing, including the birth and evolution of institutional investing in infrastructure debt and examine the global opportunity set. We will explain the role and positioning of long-dated versus medium-term credit for yield and present a case study to capture and add context to the discussion.


 

10.45     :    Coffee/Tea

 

11.15     :    Session 2:  Real Estate Opportunities

 

James WaltonModerator: James Walton, Sector Specialist, Global Real Estate, Allenbridge

 

 

 

  

Andrew JacksonSpeaker: Andrew Jackson, Head of ABS Portfolio Management, HSBC Global Asset Management

 

The Case for Residential Mortgage Backed Securities in a Real Asset Programme

Do Residential Mortgage Backed Securities have a logical place in any modern Real Asset programme?  From a candid and unflinching acknowledgement of the chequered history of this asset category, Andrew will demonstrate how good structures, with good underlying collateral, have rightly changed perception. The session will conclude by examining some practical ways investors can gain exposure to the supportive fundamentals and technicals which RMBS and CMBS continue to exhibit.

  

 

 

headshotSpeaker: Tony Yu, Fund Manager, Indirect Property, Kames Capital

  

Should pension schemes invest in open-ended property funds?

One of the most popular ways to invest in commercial property is through open-ended balanced property funds. These offer diversification, but also bring particular risks. This session will discuss: The FCA’s review of open-ended property funds. Why pension schemes have traditionally invested through open-ended balanced property funds. The differences between retail and institutional property funds. The challenge of picking the winners (and avoiding the losers). The nightmare of a redemption run. Your options if you’re trapped in an underperforming fund. How to achieve ultimate diversification from your property investments, while maintaining liquidity.

 

 

 

12.30    :     Drinks and Lunch

 

13.40    :     Session 3:  Further Real Estate Opportunities

 

 

headshotModerator:  Phil Ellis, Real Estate Consultant

 

 

 

   

HeadshotSpeaker:tbc

 

Creating Income in a Low Yield Environment

In a low yield environment, the income characteristics of property are particularly attractive. Portfolios can be constructed to maximise the income attributes - focused on long duration, secure cashflow streams and utilising a mix of property segments and related investments. And this can be done on a domestic, regional or global basis. 

 

 

 

Paul Jayasingha

Paul Jayasingha, Global Head of Real Assets, Willis Towers Watson

 

Real Assets within Investment Strategy

The combination of very low bond yields and bigger deficits, with negative cash flow is placing conflicting pressures on pension funds: higher required returns means investing more in growth assets and less in bonds, but schemes with net cash outflow also need to avoid being a forced seller of volatile assets. How can trustees use real income assets to help solve their funding conundrum? This session will look at the important role that other real assets can play in boosting returns. 

 

14.55         Coffee/Tea

 

15.15         Practical Session and Pension Fund Panel - A Summary of the Options

 

headshotModerator: tbc

 

 

 

 

 

Richard J. TomlinsonRichard J. Tomlinson, Head of Investment Strategy, Local Pensions Partnership

 

 Property Investment Strategies

 How can the utilisation of various property income streams help pension schemes meet their particular objectives such as growth, de-risking or diversification?  What are the practical applications of investing in unlisted property funds in order to achieve these objectives?  How does this give pension scheme investors access to those properties and property strategies enjoyed by the largest investors? 

 

 

Pension Fund Case-Studies   

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

 

Richard J. Tomlinson, Head of Investment Strategy, Local Pensions Partnership

 

 

 

 

 

 

 

  

  

16.30    :    Drinks Reception & Close of Conference

Purpose

This conference aims to examine a range of property/real estate, real asset and infrastructure investment
opportunities, both traditional and alternative, highlighting the latest trends and the prospects for such
investments in global and UK markets.

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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