| | | | | |  | | | | | | | 13:00 - 14:00 | Registration & refreshments | | 14:00 - 14:05 | Opening Remarks from the Chair
Yuri Bender, Editor-in-Chief, PWM (Professional Wealth Management) | | 14:05 - 14:25 | Keynote - How are investor behaviours changing following the perfect storm?
- The challenge of meeting expectations against the realities of a low-growth market environment
- Protecting against the downside
Amin Rajan, Chief Executive Officer, CREATE-Research
| | 14:25 - 15:10 | Panel: Asset allocation in a fragile market - what is the right balance between risk and return?
- Is diversification the saviour in an unpredictable market? What are its limitations?
- How are approaches to risk changing in the volatile environment?
- Is dynamic investing here to stay or will buy and hold come back? How are investors responding to the green shoots of economic recovery?
- What are the critical factors influencing the balance between equities, bonds and alternative assets in institutional portfolios?
Moderator: Henry Smith, Editor, Analysis Section, MandateWire
Danny Truell, Chief Investment Officer, Wellcome Trust
Steven Daniels, Chief Investment Officer, Tesco Pension Investment
Théodore Economou, Chief Executive Officer and Chief Investment Officer, CERN Pension Fund
| | 15:10 - 15:30 | Networking break | | 15:30 - 16:10 | Active management under attack
- Debating the recent UK government proposals on the passive vs. active management of local authority pension funds
- How serious a blow is this to the concept of active management?
- Is the tide gradually turning against active managers?
- What is the active manager's defence?
Moderator: Chris Newlands, Editor, FTfm
Kenneth Volpert, Head of Investments, Europe and Global Head of Fixed Income Indexing, Vanguard
Elizabeth Fernando, Head of Equities, Universities Superannuation Scheme Ltd
Laith Khalaf, Senior Analyst, Hargreaves Lansdown
Michael Johnson, Research Fellow, Centre for Policy Studies
| | 16:10 - 16:50 | Panel: Truth and consequences in an era of increasing regulation
- To what extent are changes in financial services regulation leading to regulatory arbitrage? Can this and should this be stopped?
- Is there an increased risk of protectionism as a response to regulatory overload?
- Calculating the costs of compliance - are regulatory measures weeding out the smaller players who cannot compete in terms of infrastructure and scale? Does this limit opportunities for investors?
Moderator: Christopher Stuart-Sinclair, Director, Regulatory Consulting, Deloitte
Peter De Proft, Director General, EFAMA (The European Fund and Asset Management Association)
Philip Warland, Head of Public Policy, Fidelity Worldwide Investment
Susan Olson, Senior Counsel - International Affairs, Investment Company Institute (ICI)
Florence Fontan, Head of Client Segment Asset Managers, BNP Paribas Securities Services
| | 16:50 - 17:40 | Panel: Profitable models for asset management
- What are investors seeking from their managers aside from returns? How important is client engagement in the current environment?
- Is industrialisation the enemy of innovation in product development?
- How are asset managers rebooting their business models to adapt to the new operating and investing landscape?
- What role is technology playing in gaining competitive advantage in sales and cost efficiencies?
Moderator: Yuri Bender, Editor-In-Chief, PWM (Professional Wealth Management)
Pascal Duval, Chief Executive Officer - EMEA, Russell Investments
Saker Nusseibeh, Chief Executive, Hermes Fund Managers
Oded Weiss, Chief Executive Officer, Multifonds
Amin Rajan, Chief Executive Officer, CREATE-Research
| | 17:40 | Close of Day One |
| | | | | | | | | | | | | 8:30 - 9:00 | Registration & refreshments | | 9:00 - 9:10 | Opening Remarks from the Chair
Yuri Bender, Editor-in-Chief, PWM (Professional Wealth Management) | | 9:10 - 9:30 | Opening Keynote: What will shape investment choices in the year ahead?
- Implications of US Federal Reserve tapering so far on US recovery and more widely on the global economy
- How should investors navigate volatility in key emerging markets – are current challenges a signal of long-term problems or are they more immediate and manageable?
- How justified is the refocusing of investment back to developed economies? Will the Eurozone, Japanese and US markets deliver?
- Can China achieve a soft landing as it moves towards more balanced growth?
David Oakley, Investment Correspondent, Financial Times
| | 9:30 - 9:50 | Keynote: Changing perceptions and taking the long view on emerging markets
- Flaws in finance theory - agency issues and asset allocation
- Emerging markets are no longer periphery
- How should we allocate assets to emerging markets?
Dr. Jerome Booth, Chairman, New Sparta, Former Head of Research, Ashmore Group
| | 9:50 - 10:40 | Panel: Could Facebook rival the fund industry?
- How serious is the threat of Facebook, Google or another technology group pushing into asset management?
- Could international fund groups follow the Chinese model by teaming up with big internet groups to distribute their funds?
- What can fund companies learn from the tech industry in terms of hiring, business models or client approach?
Moderator: Madison Marriage, Reporter, FTfm
Julie Meyer, MBE, CEO, Ariadne Capital
Catherine Tillotson, Managing Partner, Scorpio Partnership
Graham Kellen, Head of Distribution and Fund Services Technology, Schroders
Nick Hungerford,
CEO,
Nutmeg
| | 10:40 - 11:00 | Break | | 11:00 - 12:40 | Distribution / product development
WHOLESALE
Chair: David Ricketts, Associate Editor, Ignites Europe
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INSTITUTIONAL
Chair: Ian Smith, Editor, Pensions Expert
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11.00 Where will the next phase of ETF market growth come from?
- Who is using ETFs and how are they being used?
- What is the potential for the broadening of the ETF universe in terms of products, geographies and investors?
Deborah Fuhr, Managing Partner & Co-Founder, ETFGI LLP
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or |
11.00 Can thematic investments deliver consistent returns?
- Reviewing performance of thematic investments to date - what has been the success rate in spotting and capitalising on global trends?
- Thematic investments as part of a wider portfolio - how important is diversification?
- The challenges of predicting the future - establishing the fundamentals behind the leap of faith
- Themes for the future - where to invest now for long-term returns?
Luca Paolini, Chief Strategist, Pictet Asset Management
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11.25 The growth in
retail demand for alternative investments
- What is the rationale for increased retail demand for alternatives?
- Is it a temporary phase or a secular growth trend?
- Satisfying retail demand for alternative investments:
- Regulatory and operational considerations
- Distribution considerations in different regulatory regimes
- Alternative UCITS – Europe, Latin America, Asia
- AIFMD – unintended consequences of a “regulatory stamp of approval” for offshore hedge funds
- 40 ACT – accessing DC investors in the US
Donald Pepper, Managing Director of Alternatives, Old Mutual Global Investors
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or |
11.25 Smart Beta for improving risk adjusted returns
- Attractions of Smart Beta as an alternative to active and passive investments
- Comparing smart-beta strategies
- How should institutional investors set metrics for manager performance with these strategies, and asset returns against costs?
James Bevan, Chief Investment Officer, CCLA Investment Management
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11.50 Panel: Wholesale distribution for the next decade
Moderator: David Ricketts, Associate Editor, Ignites Europe
- How is regulation influencing the evolution of wholesale distribution?
- Has the model of supply led, product-push distribution served its purpose as retail investors seek value-added investments?
- Pros and cons of a global or regional distribution structure
- Does the future of retail distribution lie in open architecture or do captives still have a role to play?
Andrew Power, Partner, Deloitte UK
Diana Mackay, CEO, MackayWilliams LLP
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or |
11.50 Panel: Is product innovation important to institutional investors?
Moderator: Ian Smith, Editor, Pensions Expert
- What or who are the key drivers of product innovation in asset management?
- Simple vs. complex – does innovation just unnecessarily complicate the investment process?
- Calculating the costs of product innovation – who pays? Do high costs inhibit small and medium sized managers from innovating?
- Learning from innovations that have worked and those that haven’t
Furio Pietribiasi, Managing Director, Mediolanum Asset Management Ltd
Erich Gerth, Partner, Global Head of Business Development, BlueBay
Kevin Pleiter, Vice President Financial & Business Services Industry, Dassault Systèmes
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| | 12:40 - 13:40 | Lunch | | 13:40 - 14:10 | Keynote Address: Optimum exposure to fixed income in the face of inflation and interest rate uncertainty?
- What is the place of fixed income in today's portfolio
- How should investors hedge against inflation
- Assessing credit opportunities in Europe - how important is security selection?
- What are the limitations of traditional fixed income benchmarks - what are the alternatives?
Raman Srivastava, Co-Deputy Chief Investment Officer, Standish, a BNY Mellon Company
| | 14:10 - 14:50 | Panel: Innovation in the defined benefit, defined contribution and mass market space
- Learning the lessons of the downturn - how has the model of pension scheme investment evolved in recent years?
- Beyond asset allocation towards future proofing - what are the fundamental drivers of investment in DC and DB schemes? How important is income certainty, inflation protection and volatility minimisation?
- Applying DB principles such as liability capital protection and derisking in the DC arena
- Shifting asset allocation - exploring the growing role of exposure to emerging markets, alternatives as focus moves away from simple allocation to stocks, bonds and cash
Moderator: Ian Smith, Editor, Pensions Expert
Dermot Courtier, Head of Group Pensions, Kingfisher plc
Andrew Milligan, Head of Global Strategy, Standard Life Investments
Robin Claessens, Managing Director, Investment Consulting,, Redington Ltd
Damian Stancombe, Head of Employee Benefits, Barnett Waddingham
| | 14:50 - 15:40 | Panel: Investing in real assets for inflation protection
- Trends to date in investments in infrastructure and real-estate - social vs. economic
- How are illiquid real assets being valued and what returns are expected?
- Gaining access to investments - comparing listed vs. unlisted and evaluating the level of Government incentives/guarantees
- What risks do real assets present?
Moderator: Henry Smith, Editor, Analysis Section, MandateWire
Dennis van Alphen, Investment Director, Infrastructure PGGM
Allen Twyning, Head of Debt Origination, Pension Insurance Corporation | | 15:40 - 15:50 | Closing remarks from the Chair | | 15:50 | Close of conference |
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