FIDUCIARY INVESTORS SYMPOSIUM, NOVEMBER 2018 ADVISORY BOARD MEDIA PARTNER

Transcription

1

2 FIDUCIARY INVESTORS SYMPOSIUM, NOVEMBER 2018 Managing assets as a fiduciary comes with a complex range of responsibilities and commitments. The Fiduciary Investors Symposium brings asset owners, consultants and investment managers together to hear the latest research and thinking related to asset allocation, risk management, alpha generation and investment operations. Held over two-and-a-half days, the event enables institutional investors to engage with industry thought leaders in a collegial environment that promotes shared discussion. ADVISORY BOARD Orla Cowan, head of investment governance, chief investment office, ANZ Wealth Ross Etherington, chief investment officer, Energy Industries Superannuation Scheme David Hartley, investment committee chair, Australian Catholic Superannuation and Retirement Fund Sean Henaghan, chief investment officer, multi-asset group, AMP Capital Kristian Fok, executive manager, investment strategy, Cbus Super Ian Patrick, chief investment officer, Sunsuper Gerard Parlevliet, investment committee chair, Prime Super Nigel Wilkin-Smith, director, portfolio strategy, Future Fund MEDIA PARTNER Investment Magazine is the news and analysis site for institutional investors. Focusing on strategy and implementation, it is populated by original news stories, case studies and research that relate directly to the work of investment professionals at Australian super funds.

3 MONDAY NOVEMBER PM TRANSFERS FROM MELBOURNE CBD AND AIRPORT TO RACV, HEALESVILLE Complimentary transfer service 5.00 PM REGISTRATION AND CANAPÉS 5.25 PM DAY ONE WELCOME 5.30 PM PRIVATE MARKETS AND PUBLIC MARKETS: A LOOK INTO THE FUTURE In this fireside chat, we will hear how the Future Fund: ensures an organisational structure consistent with investment opportunities stays nimble and efficient as part of a growing collaborative team uses technology and risk insights to improve their investment process David George, deputy chief investment officer, public markets, Future Fund Wendy Norris, deputy chief investment officer, private markets, Future Fund Moderator: Colin Tate, chief executive, Conexus Financial 7.00 PM WELCOME DINNER 9.30 PM DINNER CLOSE

4 TUESDAY NOVEMBER AM WELCOME DAY TWO Moderator: Colin Tate, chief executive, Conexus Financial 9.00 AM TBC Session details to be confirmed TBC Moderator: Alex Proimos, head of institutional content, domestic events, Conexus Financial AM MORNING TEA AM GEOPOLITICS, MARKETS AND VOLATILITY AS AN INSTRUMENT OF TRUTH In this panel session, we will hear how investors are: evaluating the dichotomy between sentiment and economic reality deconstructing unconventional politics, diverging central bank monetary policy and volatility factoring in return expectations, liquidity and hidden risks in a new market regime. Allison Hill, director of investments, global multi-asset, QIC Steve McKenna, head of investment strategy and asset allocation, TCorp Moderator: Mark Rider, chief investment officer, ANZ Wealth AM EMERGING MARKETS: UNCERTAINTY VERSUS HIDDEN POTENTIAL In this panel session, we will discuss: decoupling of world markets, the impact of trade wars, the narrative and fundamentals repercussions of tightening global monetary policy and a stronger US dollar threats of contagion, idiosyncratic investment catalysts and opportunities. Rasmus Nemmoe, portfolio manager, First State Stewart Asia Joaquim Nogueira, investment manager, GAM Moderator: Jeremy Wilmot, senior consultant, JANA PM NON-MODERN PORTFOLIO THEORY: VOLATILITY AND RISK METRICS In this panel session, we will explore how investors are: managing risk and ensuring their profile of risk remains constant through time using technology to integrate data science into asset management taking a leap of faith in terms of expected correlations, diversification and portfolio theory PM LUNCH David Bell, chief investment officer, Mine Super Andrew Fisher, manager, asset allocation, Sunsuper Philippe Jordan, president, Capital Fund Management Moderator: Thadeus McCrindle, chief investment officer, Sandhurst Trustees (Bendigo and Adelaide Bank)

5 2.00 PM STREAMS OF INCOME FOR RETIREMENT: YIELD, LONGEVITY AND WHAT ELSE? In this panel session, we will investigate: new investment strategies for income in a low-yield environment the role of private debt, infrastructure, real estate and authorised deposit taking institutions suitable implementation options for providing CIPR/MyRetirement solutions. Chris Nichols, investment director, multi-asset investing, Aberdeen Standard Bhanu Singh, head of Asia-Pacific portfolio management, Dimensional Fund Advisors Nick White, director of portfolio construction research, Mercer Moderator: Jacki Ellis, portfolio manager, retirement strategy, First State Super 2.45 PM 21 ST CENTURY TECHNOLOGY AND THE CHALLENGE OF ENERGY INFRASTRUCTURE In this session, we will discuss the future of energy, in particular: sensible ways to transition from traditional energy to clean energy infrastructure renewable energy investment feasibility locally and internationally new developments in bio mass and landfill gas, anaerobic digestion, and mapping to ESG. SPEAKER Sam Reynolds, managing director, Octopus Investments Moderator: Justin Webb, head of risk, Whitehelm Capital 3.15 PM AFTERNOON TEA 3.45 PM CHANGING THEMATICS, DESIGN AND USE IN REAL ESTATE In this session, we will learn about: the impact of societal change on single-use and multipurpose real estate technological improvements, AI and the integration of new design new building energy ratings, sustainability requirements and climate change considerations. SPEAKER Peter Hayes, global head of investment research, PGIM Real Estate Moderator: Alex Proimos, head of institutional content, domestic events, Conexus Financial 4.15 PM OUTCOMES FROM THE COMMISSIONS: ETHICS, CULTURE AND THE SUPER FUTURE In this panel session, we delve into the issues affecting the super industry, such as: cultural mishaps, behavioural biases, and the role of greater transparency and regulation social contracts and the political war between industry and retail funds what best-in-class looks like and predictions for the superannuation industry s future. Louise Davidson, chief executive, Australian Council of Superannuation Investors Danyelle Guyatt, sustainable investment specialist, Collaborare Advisory Simon Russell, director, Behavioural Finance Australia Moderator: Colin Tate, chief executive, Conexus Financial 5.00 PM NO TIME TO GLOAT: THE ISSUES THAT REMAIN IN SUPERANNUATION In this confronting Q&A session, we will seek to answer the following: What is defined as a balanced fund; how are they constructed and measured? What are the hidden governance challenges of internalisation? Is a super fund a principal or an agent are super funds inherently conflicted? Rob Prugue, former chief executive, Asia Pacific, Lazard Asset Management Moderator: Alex Proimos, head of institutional content, domestic events, Conexus Financial

6 5.30 PM CONFERENCE CLOSE 6.30 PM TRANSFER TO EVENT DINNER Complimentary transfer service to and from the venue 6.45 PM OFFICIAL CONFERENCE DINNER OAKRIDGE WINERY 9.30 PM DINNER CLOSE

7 WEDNESDAY NOVEMBER AM INVESTOR ONLY BREAKFAST Asset owner-only breakfast; room to be determined 8.30 AM WELCOME DAY THREE 8.45 AM DECODING LIQUIDITY AND STRUCTURAL IMPAIRMENTS In this panel session, we delve into investor concerns around market microstructure such as: the dangers hiding among the new investment trends and innovations the role of minimum volatility, risk parity, risk neutrality, short VIX and ETFs in systemic risk suboptimal outcomes, liquidity risks, portfolio construction and return convexity. John Lucey, chief investment officer, Avant Mutual Jeff Rogers, chief investment officer, ipac Moderator: Charles Wu, general manager, asset allocation, State Super 9.30 AM TOTAL PORTFOLIO MANAGEMENT VS ABSOLUTE RETURN: DOES IT MATTER? In this panel session, we will delve into: the success of reorientating teams from asset class-specific to a total portfolio approach positioning for investment strategies via strategic asset allocation and dynamic tilts strategies for crisis offsets, uncorrelated return streams, derivatives and commodities. Michael Blayney, head of multi-asset, Pendal Group Brad Bugg, head of multi-asset income, Morningstar Investment Management Gwion Moore, executive manager, investment strategy and portfolio management, Suncorp Moderator: Michael McQueen, head of investment strategy, LUCRF AM MORNING TEA AM INTERNALISATION, STRATEGY AND OVER-RELIANCE ON MANAGERS In this panel session, we will discuss: the trade-offs between the costs and benefits of fund internalisation areas for internalising research and curating innovation for improved strategic decisions deeper manager relationships, capacity constraints and alignment with outcomes. Alistair Barker, co-head of macro and portfolio construction, AustralianSuper Ian Lundy, chief investment officer, Tasplan Troy Rieck, executive officer, investment strategy, Equip Super Moderator: Amanda White, director, institutional content, Conexus Financial AM BALANCING MEMBER ENGAGEMENT AND INVESTMENT OBJECTIVES In this panel session, we revisit the fiduciary relationship and cover: the importance of understanding your member and your proximity to the customer your fund s competitive advantage and the self-defeating effects of peer awareness benchmarking and the role of collaboration in the industry. Sean Henaghan, chief investment officer, multi-asset group, AMP Capital Tim Macready, chief investment officer, Christian Super Moderator: Chris Artis, chief investment officer, Meat Industry Employees Superannuation Fund

8 12.30 PM GOVERNANCE STRUCTURES BUILT FOR OUTPERFORMANCE In this panel session, we will seek to identify ways to: make best-practice governance consistent with an evolving investment opportunity set increase the effectiveness of investment committees, delegation and board reporting ensure more good decisions and provide the framework for disrupting processes. Gerard Parlevliet, investment committee chair, Prime Super Moderator: Els Termaat, consultant, JANA 1.00 PM LUNCH 2.00 PM INTERNATIONAL CASE STUDY: THE FRENCH PENSION RESERVE FUND In this fireside chat, an international asset owner will discuss its: investment framework, scenario planning and research priorities organisational structure, implementation approaches, fees and incentives approach to implementing an objective-based strategic asset allocation. SPEAKER Olivier Rousseau, executive director, Fonds de réserve pour les retraites Moderator: Colin Tate, chief executive, Conexus Financial 2.30 PM UP, DOWN OR SIDEWAYS: VIEWS FROM THE MARKET S EDGE In this fireside chat, we will hear from an asset owner on its approach to: building a dynamic investment process and creating an edge in a world of noise the risks and opportunities within public markets and private markets applying lessons learnt to markets today and the impact of competitive pressures. SPEAKER Con Michalakis, chief investment officer, Statewide Super Moderator: Alex Proimos, head of institutional content, domestic events, Conexus Financial 3.00PM 3.15PM CONFERENCE CLOSE RETURN TO MELBOURNE CBD AND AIRPORT NOTE: ALL SESSION TIMES, CONTENT AND ARE SUBJECT TO CHANGE WITHOUT NOTICE.