SPS Optimising Value in Bonds for Pension Funds
September 2, 2021
The Dilly, London
This conference will examine a range of bond investment options designed to enable pension funds to add value as well as to achieve specific goals such as improving returns, generating cash flows and reducing volatility. We seek to include analysis of how such goals performed under the extreme conditions of 2020 and if there are lessons to draw from this, as well as practical issues such as implementation, fees, transparency, ESG compliance, regulation, income, credit risk, liquidity, interest rates and geopolitical impacts.
This will be a full day conference with approximate timings of:
Welcome and opening remarks
Session One: Multi Asset Credit and High Yield
Liquid Multi-Asset Credit
Following global government responses to Covid-19, credit markets continue to face headwinds.
Investors searching for income face a stark choice between low yielding equities and investment grade bonds, which carry little forward-looking income and high interest rate sensitivity.
We believe liquid multi-asset credit offers a third way that can deliver high income and capture relative value opportunities for investors, while mitigating loss risk from defaults through fundamental analysis.
Head of Long-Only High Yield Investment Grade and Financial Strategies
Fund Manager, Artemis' Global High Yield Bond Strategies
The Role of Active Global High Yield in a Diversified Portfolio
High Yield has historically been beneficial when included in diversified portfolios
An underappreciated diversity within the asset class allows for significant flexibility
A truly active, index-agnostic and global approach may unlock further advantages for investors
Artemis Investment Management
Session Two: Loans & CLOs plus Economic Perspective
Senior Fund Manager
Royal London Asset Management
Loans and Collateralised Loan Obligations (CLOs): a Source of Return in an Uncertain Market?
What are the key features of Loans and CLOs
What are the risks and rewards associated with investing in Loans and CLOs
When might they be a good investment and under what situations do they work best
What is the current outlook for the asset classes
T. Rowe Price
Three Reasons Why Bond Yields may Rise
The Three D’s behind low bond yields today
UK post-Brexit competition for global talent
Future trends to watch including the transition to the net zero economy
Session Three: ESG and Pension Fund Case Study
Head of Sustainability Integration Fixed Income
Climate Investing in Fixed Income
No longer a fringe idea, climate change and climate risk is a mainstream issue facing all of us. Pension funds share this burden and seek solutions that help them address this risk whilst aligning to their broader sustainability commitments and the expectations of their beneficiaries. Whilst climate solutions in listed equities have been on the rise, innovative fixed income solutions have been slower to develop. In this session, we explore the role bonds will play to support investors’ sustainability objectives and we consider the opportunities for pension funds to address climate risk in their fixed income portfolios.
Head of Fixed Income ESG Research
Willis Towers Watson
ESG Investing in Fixed Income and Green Bonds:
What are the material risks and opportunities across fixed income from an asset owners view?
What are the best practices we have observed from asset managers and where can we see room for improvement?
What are the key considerations when investing in green bonds?
What is our framework for assessing sustainability practices?
How can asset managers can improve outcomes and propel the industry forward?
Summary and Close followed by drinks
End 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.