CONFERENCE DETAILS

 

Alternative Credit and Private Debt Investing for Pension Funds
 

 

31 August 2017
London – Le Meridien Piccadilly Hotel

Programme

  

Alternative Credit and Private Debt Investing for Pension Funds


08.30    :    Registration and Coffee

 

09.00    :    Welcome & Opening Remarks

 

TrevorTrevor Cook, Managing Director, Specialist Pension Services

 

 

 

  

09.10   :      Opportunities in Credit

 

Joanne Job Moderator: Joanne Job, Director, Head of Research, Allenbridge

 

 

 

 

Craig ScordellisCraig Scordellis,  Head of Long-Only Multi Asset, CQS

 

Multi-Asset Credit: Capturing Income and Minimising Volatility in Alternative Credit Markets

Alternative credit enables the de risking of portfolios away from equities while maintaining attractive expected risk-adjusted returns.   As the relative value between different credit asset classes shifts over time, Multi-Asset Credit (MAC) investing enables tactical and dynamic asset allocation to profit from a broad range of opportunities, mitigate risk and manage duration.  MAC strategies seek to capitalise on the most compelling individual credit opportunities and to capture relative value opportunities between different credit asset classes and across geographic regions over time.  To achieve this, MAC investing requires deep fundamental research and agile portfolio management.

 

 

Adam Smears, Head of Fixed Income Research, Russell Investments

 

Effectively harvesting the credit risk premium in a risk controlled fashion

As interest rate risk grows in traditional fixed income portfolios, alternative credit is becoming more popular. Credit can offer compelling risk adjusted returns as well as dependable income generation, and would appear underrepresented in investor portfolios relative to its investment merits. However, history has shown us that this asset class can suffer from severe selloffs periodically. In the current expensive environment for credit, how should investors access this risk premia and effectively diversify its risks?


 

10.25     :    Coffee/Tea

 

10.55     :    Looking for Return

 

Chris HelyarModerator: Chris Helyar, Partner, Lane Clark and Peacock

 

 

 

 

  

Duncan Hale, Senior Investment Consultant, Willis Towers Watson

 

Invested in Real Assets for Enhanced Yield

There is a universe of simple assets available to help UK defined benefit schemes invest into long term, inflation linked cashflows.  How these assets can help a portfolio. While simple to understand, they are not simple to source; access is key.

  

 

 

Patrick MarshallPatrick MarshallHead of Private Debt, Hermes Investment Management

  

The  Benefits of Direct Lending to a Pension Fund

This session will look at the advantages of Direct Lending strategy on pension funds but will also discuss things to look out for in the market.

 

 

 

Lloyd Harris

Lloyd Harris, Fund Manager, Old Mutual Global Investors

 

An Insight into Contingent Capital Bonds

Banks have become soundly capitalised since the Global Financial Crisis, and their issuance of contingent capital bonds shows no sign of abating. Though complex and requiring detailed analysis, they offer an attractive yield with low correlation. Lloyd Harris will give his insights into this often misunderstood asset class and his view of its future potential.

 

12.45         Drinks and Lunch

 

14.00         Practical Issues & Pension Fund Insights

 

HeadshotModerator: tbc 

 

 

 

HeadshotJohn Walbaum, Partner & Head of Investment Consultancy, Hymans Robertson

 

 Putting it all together

 With such a lot going on in the economy and so many investment opportunities apparently available at the moment, how do pension fund trustees choose?  Today's presentations demonstrate the extent of the opportunities in fixed income alone but how should trustees choose which are the most appropriate opportunities for their fund and how can you best combine opportunities to enhance return and reduce risk? How do you set about achieving a sustainable investment strategy?

 

 Archie Beeching, Senior Manger, Investment Practices, Fixed Income & Infrastructure, PRI

 

 Sustainable Bonds

What does Sustainable Bonds actually mean? What are the different approaches to incorporating ESG in investment decisions? What are the key drivers for increasing focus on ESG - values and value? What are the current trends as demonstrated by PRI signatory reporting data? What does this all mean in practice drawing on examples and case studies from investors? The bigger picture - PRI's work on bondholder engagement, credit ratings, private and municipal debt.

 

 

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

 

Mark HedgesMark Hedges, Chief Investment Officer, Nationwide Pension Fund Trustee Ltd

 

 

 

 

 Dinesh Visavadia, Trustee, Britvic Pension Plan

 

 

  

 

 

15.50    :    Drinks Reception & Close of Conference

Purpose

With pressures to maintain high fixed income holdings and at the same time to cut costs, pension funds are
seeking ways to make their assets work harder. This conference aims to look at some of the opportunities
available to them in the various credit and private debt 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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