FUTURE
CONFERENCES
Programme
09.00
Registration
09.30
Session 1: Geopolitical Turmoil into 2026 - New Risks Emerging and Implications for Markets, Macro and Strategic Asset Allocation
10.45
Tea/Coffee
11.15
Session 2: The Great Transition: Rebuilding portfolios under WTP and changing role for illiquid assets in portfolios
Geopolitical tensions, asset class volatility and ongoing conflict have unsettled the macro landscape in 2026 — with inflation risks and stagflation firmly back in the conversation. We cut through the noise and give insights into what's driving markets, what it means for your portfolio, and where the risks and opportunities lie heading towards the end of 2026, into 2027 and beyond.
Key themes:
• A macro and micro-outlook of inflation (and interest rates) and its implications for Assets and Liabilities
• How to invest in a persistent inflationary environment?
• Given the uncertainty on inflation, can exposure to real assets provide any protection against rising inflation?
• How should you evaluate the geographical exposures of your portfolio, especially to the US?
• Is global diversification still delivering — or are funds being pushed toward a home bias they never wanted?
• Should scenario planning play a more important role in setting strategic asset allocation?
Global Market Strategist
J.P. Morgan Asset Management
Geopolitics and Strategic Asset Allocation
In this session on geopolitics and strategic asset allocation, Aaron Hussein, Global Market Strategist, will explore how a shifting macro regime is challenging the traditional relationship between stocks and bonds and what that means for portfolio construction. He will discuss the role of alternatives, focussing on real assets, as potential inflation hedges and diversifiers, while also framing where bonds still provide critical protection during growth shocks. He will also cover how private markets can expand the opportunity set and why manager selection is especially important when allocating to alternatives.
Speakers:
Managing Director, Direct Lending Team,
Rothschild & Co Asset Management
Private Debt: hype or structural asset allocation
Marlof Tjaden is a partner in Rothschild & Co’s Direct Lending team. In his presentation, he will discuss why private debt has experienced such strong growth in recent years, what private debt actually entails, the extent to which its returns are correlated with the economic cycle, and how this asset class can be a valuable addition to a diversified portfolio, particularly in the current period of heightened uncertainty and market volatility
As the Dutch pension transition moves from theory into execution, funds face a fundamental question: what does a WTP-ready portfolio actually look like — and where do private markets fit? With liability-matching giving way to lifecycle investing, the strategic case for illiquid assets is being rebuilt from scratch.
Key themes:
• Solidarity vs flexible contract — how does your contract choice shape the size and composition of your private markets book?
• The 2027 pressure test — 50+ funds transitioning simultaneously, many sharing infrastructure. How will this impact your own strategy and also markets more systemically?
• From ALM to lifecycle — as DC mechanics replace liability-driven investing, how does the role of illiquidity and long-horizon assets change across age cohorts?
• Which private asset classes make sense in WTP? — infrastructure, private credit, real assets, private equity: fit-for-purpose by lifecycle stage and liquidity profile
• The valuation transparency problem of illiquid assets — managers marking their own books: how should Dutch funds govern this?
Speakers:
Senior Portfolio Strategist – Alternatives
Invesco
Private Markets and the DC Transition: Global Perspectives for Dutch Pension Funds
Fiduciary Advisor,
MN
Navigating Private Markets in the New Dutch Pension Landscape
12.25
Lunch
13.30
Session 3: Evolving ESG Landscape Including Considering the AI Revolution and Its Hidden ESG Risks
The Rethinking sustainability in an era of geopolitical conflict, AI, regulatory divergence and competing stakeholder demands. What additional ESG risks does the AI revolution bring given its energy intensive nature and broader social implications for the labour market? How should you consider your strategic allocations in light of this?
Key themes:
• As European security needs intensify and energy security slows decarbonisation, are exclusions and existing Net Zero commitments still credible?
• The energy transition depends on materials that can be environmentally damaging to extract — how can investors incorporate commodities without compromising ESG objectives?
• With the US retreating from ESG while Europe continues to regulate, how can investors balance fiduciary duty, regulatory requirements and genuine impact?
• Are markets pricing AI’s potential accurately, and which industries are likely to be the winners and losers as adoption accelerates?
• What are AI’s less visible ESG consequences — from rapidly growing energy and resource demands to disruption of employment and the wider labour market?
• How should investors respond to the AI revolution across listed equities and fixed income, and what can be learnt from funds already adjusting their strategic allocations?
Speakers:
15.00
Close of conference, followed by drinks reception
Cost
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.
Venue
Rosarium is an easily accessible location located in the vicinity of the A10 ring road. There are more than 500 parking spaces near the main entrance. If you use public transport, Station Rai is within walking distance of our location.
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