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CONFERENCE DETAILS

 

Spotlight Series: Value for Money & Low Cost Investment Strategies for Pension Funds
 

 

11 May 2017
London – Le Meridien Piccadilly

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.

Programme

 

Full details to be announced

 


Key speakers to include:

 

Pascal Spielmann

 Pascal Spielmann, Executive Director, LGT Investment Partners Ltd

 

 

 

 

Oliver Jaegemann Oliver Jaegemann, Global Head, The Asset Management Exchange (AMX)

 

 

 

 

08.30    :    Registration and Coffee

 

09.00    :    Welcome & Opening Remarks

 

Trevor Cook, Managing Director, Specialist Pension Services

 

 

 

  

09.10   :      Session 1:  Setting the Scene

 

 Moderator: tbc

 

 

 

 

Jerome Nunan, Investment Director, Multi-Asset, Aviva Investors

 

Importance of Risk and Portfolio Construction in an Uncertain World

Investor perception of 2016 is that the year was dominated by risk events.  Is 2017 to be a re-run?   Faced with ever heightening political risk and tighter valuations, but an apparently more robust global economy, investors are questioning how they should position their portfolios.  What are some of the risk events that markets have to navigate during the course of the year?  What are the challenges of delivering investor outcomes irrespective of market conditions, and how can the construction of multi-strategy portfolios serve to limit downside risk?

 

 

Stefan Löwenthal, HChief Investment Officer, Portfolio Manager, Macquarie Asset Management

 

Asset allocation decision ina big data world?

In the age of information overload, managing a multi asset strategy presents investment teams with an ever increasing number of decisions. While technology can help, ultimately pension funds invested in multi asset strategies are reliant on portfolio managers (humans!) to decide how to optimally allocate across investment opportunities. How can you acknowledge the human factor and ensure asset allocation decisions are less impacted by behavioural biases? Can a behavioural finance lens help to more efficiently and effectively translate those views into a portfolio.

 

10.25     :    Coffee/Tea

 

10.55     :    Session 2:  A Review of FI Strategies

 

Moderator: to be confirmed

 

 

 

  

David Newman, Head of Global High Yield, Rogge Global Partners (Allianz Global Investors)

 

Non Benchmark Strategies as Replacement for Investment Grade Credit

Why a benchmark doesn't work at this stage of the cycle: Duration? Fundamental? Why a non-benchmark strategy is suitable as an investment grade alternative?  What components make sense in a low volatility strategy? The importance of asset allocation in deciding weighting.  Pitfalls and solutions in implementing a global multi asset credit strategy.

  

 

 

Jean Luc Hivert, CIO Fixed Income and Cross Asset, La Française Asset Management

  

Absolute Return Fixed Income, a potential solution to the zero yield environment

Fixed Income exposure remains a « must » for Institutional Investors. Meeting ALM and return requirements is now much harder in the low-yield environment.  How can Asset Managers provide, within the Fixed Income space, a risk-reward profile similar to that of a ‘pre-crisis’ 10-year bond? One possible solution is to construct an absolute return fixed income portfolio with a flexible, quasi-unconstrained approach. The ability to implement long and short duration positions under this approach is also a key potential performance driver.

 

Nicholas Hardingham, Portfolio Manager, Franklin Templeton

 

Reaching the Areas other EMD Strategies Don't Reach

Emerging Markets Debt attracts investors for its relatively high potential returns and diversification, so it’s important that a manager has the flexibility to exploit these qualities to the fullest extent.  In this Masterclass we will show how a non-benchmark oriented blend of hard and local currency, sovereign and corporate debt can make the most of a risk budget – and how it leads us to some opportunities rarely exploited in other EMD strategies.

 

12.45    :     Drinks and Lunch

 

14.00    :     Session 3:  Looking for the Best Outcome

 

 

Moderator:  Neil McPherson, Managing Director, Capital Cranfield

 

 

 

   

Derek Devens, Managing Director & Senior Portfolio Manager, Neuberger Berman

 

How to be on the "Write" Side of the Trade

Investors employ equity options to pursue a variety of investment objectives: speculation, hedging, income generation, asset-liability management or arbitrage. Consequently, option markets  are in the ‘business’ of earning premiums to provide investors with defined investment outcomes and routinely assume risks investors are willing to overpay to mitigate. Hence, the most profitable option strategies tend to be on the sell side of the option markets today. This presentation will explore how writing fully collateralized put options using a systematic process can lower volatility, improve drawdown and increase risk-return efficiency for investors’ portfolios. 

 

 

 

Kevin Frisby, Partner, Lane, Clark & Peacock

 

Practical Solutions for Pension Schemes

When is It more important not to lose money than to see return? Can volatile markets be your friend rather than a danger? What are the essential differences between an Absolute Return Fund and a Diversified Growth Fund and when should you focus on one strategy rather than another? Can you be too diversified and should you put constraints on a manager? How much diversification do you really need? 

 

 

15.15         Coffee/Tea

 

15.30         Session 4:  The Practical Session

 

Moderator: Neil McPherson, Managing DirectorCapital Cranfield

 

 

 

  

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

 

Peter Vos, Trustee, Invensys Pension Scheme

 

 

 

 

 

 

 

 

 

 

 

16.20    :    Drinks Reception & Close of Conference

 

 

Purpose

In these fiscally straitened times, pension funds are under pressure to reduce the operating costs of their
portfolios and are increasingly looking for value for money from their investments. This conference seeks to
review a variety of the low cost or good value strategies/opportunities available in the market to help pension
funds in their quest, and to look at some of the related practical issues implications and considerations.

Venue

Le Meridien Piccadilly, London

21 Piccadilly 

London W1 0BH

Hotel Tel: 0870 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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