Managing assets as a fiduciary comes with a complex range of responsibilities and commitments.

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2 FIXED INCOME AND CREDIT FORUM Managing assets as a fiduciary comes with a complex range of responsibilities and commitments. The Fixed Income and Credit Forum brings asset owners, consultants and investment managers together to hear the latest research and thinking related to fixed interest, credit, inflation, cash, currency and portfolio construction. Held over two days, the event enables institutional investors to engage with industry thoughtleaders in a collegiate environment that promotes shared discussion. ADVISORY BOARD Tony Arnold, senior investment consultant, Willis Towers Watson Brad Bugg, head of multiasset income, Morningstar Investment Management Michael Clavin, head of treasury and dealing, First State Super George Lin, senior investment manager, Colonial First State Justin Lo, investment manager, Sunsuper Gwion Moore, executive manager, investment strategy and advice, Suncorp Adam Scully, portfolio manager, credit, VFMC Michael Swan, senior portfolio manager, fixed interest and cash, Cbus Super Sue Wang, fixed income asset class specialist, principal, Mercer MEDIA PARTNER Investment Magazine is the news and analysis site for institutional investors. Focusing on strategy and implementation, it is populated with original news stories, case studies and research that relate directly to the work of investment professionals at Australian super funds.

3 TUESDAY JULY AM AIRPORT AND CBD TRANSFERS PM REGISTRATION AND LUNCH PM WELCOME PM A MOMENT OF TRUTH: FISCAL DREAMS AND THE MACRO REALITY Has the moment of truth arrived for the secular bond bull market? As central banks begin to implement quantitative tightening to offset increasing fiscal stimulus and prospects for inflation, what are the unintended consequences? Charlie Jamieson, chief investment officer, Jamieson Coote Bonds Gwion Moore, executive manager, investment strategy and advice, Suncorp Moderator: Scott Rissman, director, overlay solutions, QIC 1.45 PM UNDERSTANDING THE DEVELOPING CHINESE DEBT MARKETS China s new Bond Connect initiative will allow foreign managers to trade agency and corporate debt without having to set up onshore accounts. With the expected inclusion of China in bond indices this year, how should investors view this opportunity? Susan Buckley, managing director, global liquid strategies, QIC Moderator: Melda Donnelly, senior adviser, Conexus Financial 2.30 PM AFTERNOON TEA 3.00 PM CAPTURING YIELD AND UNDERSTANDING CURRENCY IN EMERGING MARKETS Emerging-market debt has received a surge of capital. Is this recent behaviour reflective of complacency towards risk or improved EM fundamentals? Should EM investors now use an unconstrained approach and are there perceptions that they need to revisit? Michael Conelius, portfolio manager, T. Rowe Price Angus Nicholson, investment strategist, AMP Capital Investors Moderator: Chris Baker, principal, Mercer 3.45 PM DIRECT LENDING: WHAT ARE INSTITUTIONAL INVESTORS DOING? Regulation and capital adequacy ratio changes have reduced the capacity of banks to lend to corporations. Accordingly, institutional investors have been increasingly allocating resources to this market and exploring the opportunities available. Are they finding success? David Hoskins, executive director, leveraged finance, Challenger Ross Pritchard, portfolio manager, credit income, First State Super Moderator: Amanda White, director of institutional content, Conexus Financial

4 4.30 PM CAN FIXED INCOME BE USED TO HEDGE EQUITY RISK? Can you rely on your fixed income allocation as a hedge against an equity-market downturn assuming the trigger is not from debt markets? During such stress, what sectors, durations and bonds are most likely to cushion losses? Debbie Saunders, principal adviser, Whitehelm Capital George Lin, senior investment manager, Colonial First State Moderator: Tony Arnold, senior investment consultant, Willis Towers Watson 5.30 PM EVENT CLOSE 6.30 PM OFFICIAL CONFERENCE DINNER OAKRIDGE WINERY 9.30 PM END OF DINNER WEDNESDAY JULY AM WELCOME 9.00 AM A SPECIAL CONVERSATION: MACRO AND MARKETS In this fireside chat, Peter Higgs will talk with former RBA board member Warwick McKibbin about macroeconomic policy, international trade, financial markets, and the global demographic changes. SPEAKER Warwick McKibbin, professor, Crawford School of Public Policy, ANU Moderator: Peter Higgs, chairman, Tactical Global Management AM THROUGH THE CYCLE: UNCONSTRAINED AND THE ROLE OF ABSOLUTE RETURN Fixed interest strategies are becoming increasingly sophisticated hedge fund light as investors seek a target of cash plus 5 per cent. Given this transformation, how should investors rethink their allocation to this strategy? Darren Toner, portfolio manager, credit, multi-asset and global high yield, CQS Brad Bugg, head of multiasset income, Morningstar Investment Management Moderator: Sue Wang, fixed income asset class specialist, principal, Mercer AM MORNING TEA AM REGULATION AND THE NEW ERA FOR FIXED INCOME MARKETS New international liquidity standards the net stable funding ratio and the liquidity coverage ratio are due to be implemented this year. What impact will the changes have on the banks and what opportunities do the changes provide investors? Michael Swan, senior portfolio manager, fixed interest and cash, Cbus Super Michael Clavin, head of treasury and dealing, First State Super Moderator: Christopher Joye, contributing editor, Australian Financial Review

5 12.45 PM ALTERNATIVE CREDIT: ASSET-BACKED SECURITIES AND THE ACRONYM SOUP The disintermediation of banks, the search for yield and the desire to diversify have increased the demand for new credit strategies. What allocation should alternative credit and the various illiquid and liquid sub-asset classes have in portfolios? 1.30 PM LUNCH Bob Sahota, chief investment officer, Revolution Asset Management Adam Scully, portfolio manager, credit, VFMC Jason Huang, investment manager, fixed income and cash, Sunsuper Moderator: Melda Donnelly, senior adviser, Conexus Financial 2.30 PM EVENT CLOSE NOTE: ALL SESSION TIMES, CONTENT AND ARE SUBJECT TO CHANGE WITHOUT NOTICE.