SPS Nordic Institutional Investors’ Conference
March 24 2022
Radisson Royal Collection Copenhagen
This conference – conducted in English and aimed at Danish and other Nordic pension funds & similar
institutional investors – seeks to explore a variety of pension fund investment strategies/solutions, examining
the opportunities and issues associated with each in the current challenging environment. We expect to
discuss a range of factors such as global and local macroeconomic trends/policy, pension funds’ long-term
funding objectives, performance, costs, implementation and climate change & other ESG requirements.
Session 1: Keynote; Emerging markets and Asia Equity
Professor of Finance
Copenhagen Business School
From Main Street to Wall Street: What investors should know – KEYNOTE ADDRESS
How does the economy influence stock markets? Based on the empirical evidence in his new book, “From Main Street to Wall Street: How the Economy Influences Stock Markets and What Investors Should Know”, Jesper examines the complex relationship between the economy and the stock market and relates this to the current economic situation and to long-term return expectations and pension savings.
Vice-President and Portfolio Manager
COVID-19 – a disruptor or accelerator in EM?
Disruption is not a new concept. It has occurred regularly over the last couple of centuries, usually in waves, whereby a new technology emerges and replaces old ones. While there are many disruptive ideas originating from developed countries, EM has become an accelerator of disruption in many different areas. In our presentation, we explore this and whether COVID-19 has a been a disruptor or accelerator in developing countries.
Senior Investment Specialist / Senior Client Portfolio Manager
Nomura Asset Management
After strong outperformance in 2020, the Asian stock market underperformed in 2021, mainly dragged by China. Tighter regulation of the internet sector in China has shaken investors and raised concerns. How to assess Asia given Chinese regulation, COVID and vaccination, economic recovery, inflation as well as influence from "tapering"?
Session 2: Alternative fixed income
Head of Alternative Investments
Aegon Asset Management
Alternative Fixed Income: what should investors consider?
This talk will give a generic overview of all the choices you as an investor have to consider if you want to invest in alternative fixed income. We will look into the asset class from different angles like risk, diversification, yield, ESG and return on capital.
Senior Portfolio Manager, Head of Credit Solutions
The case for CLOs – why CLOs should play a bigger role in your credit portfolio
There is a high proportion of the European bond market trading at negative yields, partly being the legacy of the COVID-19 crisis. This long-lasting low yield environment leads to a hunt for spreads, making standard fixed income investments highly unattractive, especially in light of a potential reduction of corporate bond purchases by the ECB. This presentation will highlight and explain the relative value of Collateralized Loan Obligations (CLOs) compared to other fixed income investments. In addition it will show how allocating to CLOs could reduce credit and interest rate risks while enhancing the yield profile of investor’s portfolios, earning its position as a valuable add-on for every fixed income portfolio.
Session 3: Responsible investing and Nordic investor panel
Using your leverage: Overcoming the challenges of sovereign engagement in EMD
Engagement has long been considered an important part of responsible investing and has often been used to drive positive changes from issuers. However, while sovereign debt accounts for approximately 70% of the global bond market, yet investors willingness to engage with sovereign debt issuers has lagged credit and equity markets. In this session we discuss how investors can engage with sovereign issuers to drive long term positive change.
Senior Investment Manager
Pictet Asset Management
Investing in the energy transition
Investments in clean energy are gaining momentum driven by innovation, climate change awareness and falling costs. Investments in the energy transition are not only limited to the production of sustainable energy, but cover a diverse spectrum of industries and sectors as the entire energy system will need to be transformed. We will explore and provide an update of the opportunities the energy transition offers investors.
Nordic Institutional Investors' Panel Session
Moderated by: Jesper Kirstein, Founder and CEO, Kirstein A/S
A panel of pension fund investors from across the Nordic region discussing issues such as:
Attitude to inflation
Arne Vagn Olsen
Chief Investment Officer
Pension Fund of Commerce Iceland
further Nordic panellists to be confirmed
Summary followed by Refreshments
Close of Conference
The conference is by invitation only for pension funds and other institutional investors and we welcome new attendees from these investors. Therefore if you are not already receiving an invitation please contact us. A limited number of Complimentary invitations are 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 3 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.