CONFERENCE DETAILS

 

Spotlight Series: LDI Strategies & Risk Management Developments for Pension Funds
 

 

8 June 2017
London – Le Meridien Piccadilly Hotel

Programme

  

LDI Strategies & Risk Management Developments for Pension Funds


08.30    :    Registration and Coffee

 

09.00    :    Welcome & Opening Remarks

 

TrevorTrevor Cook, Managing Director, Specialist Pension Services

 

 

 

  

09.10   :      Session 1:  Setting the Scene

 

John Nestor Moderator: John Nestor, Client Director, Capital Cranfield

 

 

 

 

Mark FosterMark Foster, Investment Director, Standard Life Investments

 

Liability Aware Investing - Market Overview and the benefits of an Intergrated approach

Several years of volatile markets and historically low long-term interest rates have taken their toll on DB pension schemes and many now face a common deficit problem. In the current market environment how beneficial is LDI? The benefits of an integrated approach will be explored including a real life case study.

 

 

Benoit JacquemontBenoit Jacquemont, Senior Investment Director, Cambridge Associates

 

Diversified Liability Matching Framework Approach

Ongoing and new challenges faced by pension schemes. Limitation of current LDI solutions.  Role of different asset classes and strategies.  Integrating cash flow generating assets alongside existing LDI strategies. Managing a diversified liability matching portfolio over time. 
 

10.25     :    Coffee/Tea

 

10.55     :    Session 2:  Infrastructure Debt & Other Opportunities

 

HeadshotModerator: tbc

 

 

 

  

Claire SmithClaire Smith, Associate Director, Macquarie Asset Management

 

Infrastructure Debt - a real LDI Alternative

With negative real yields on U.K. Index linked Gilts at every maturity, inflation linked infrastructure debt offers a genuine alternative to "traditional" LDI strategies, forming part of a pension funds's matching allocation. Having partnered with UK pension funds ranging in size from <£500m to £20bn+, we will provide insights into how our clients have approached their allocations to infrastructure debt and share the types of investments that provide the long-dated and inflation-linked contractual cashflows that pension funds require to match their liabilities.

  

 

 

Karen FranceriesKarin Franceries,  Head of Solutions, Amundi Asset Managment

  

Strategies to Increase Return Opportunities

Can you really maintain an LDI strategy, whilst still looking to add return when opportunities present themselves without exposing the fund to undue risk; this session looks at the opportunities available. 

 

 

12.10    :     Drinks and Lunch

 

13.30    :     Session 3:  Behavioural Economics & Looking to the Future

 

 

Richard SoperModerator:  Richard Soper, Chairman, First UK Bus Pension Scheme

 

 

 

 

   

headshotZack Michaelson, Consultant, Analytical Research

 

The Guns, Germs and Steel of Hedge Funds: Why Geography Matters

A look at behavioural economics, particularly risk and inequality aversions, asset pricing with a focus on discount rates: the psychology and the maths that determine them, together with current economics and a look at recent crises and the impact on pension funds.

 

 

 

Caroline Allensby-Green

Caroline Allensby-Green, Principal Investment Consultant, Aon Hewitt

 

The Future of Liability Driven Investment

Where are we now and where do we go from here? What should pension funds do when investors are so risk averse that they are more concerned with the return of their capital than their return on capital? Does investing in long dated government bonds make an sort of sense anymore? 

 

 

14.45         Coffee/Tea

 

15.05         Session 4: Pension Fund Investor Insights

 

Richard SoperModerator: Richard Soper, Chairman, First UK Bus Pension Scheme

 

 

 

  

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

 

Chris WoodChris Wood, Pensions Investment Manager, Michelin Tyre PLC

 

 

 

 

Paul EvansPaul Evans, Senior Investment Analyst, Fixed Income and LDI, Lloyds Banking Group - Pensions Investments

 

 

 

 Ian Wilson, Trustee, EDS Pension SchemeIan Wilson

 

 

 

 

16.00    :    Drinks Reception & Close of Conference 

Purpose

This conference will aim to examine a range of liability driven asset strategies and risk management techniques
in order to help pension funds to understand the risks associated with different investment approaches and how
these might best be managed and controlled and the impact of the various methods at the overall fund level.

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

FUTURE
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