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

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2 EQUITIES SUMMIT, SEPTEMBER 2018 Managing assets as a fiduciary comes with a complex range of responsibilities and commitments. The Equities Summit brings asset owners, consultants and investment managers together to hear the latest research and thinking related to international and domestic equities, risk management, alpha generation, and investment implementation. The event enables institutional investors to engage with industry thought leaders in a collegial environment that promotes shared discussion. ADVISORY BOARD Joshua Bloom, senior portfolio manager, Energy Industries Superannuation Scheme Susan Chau, senior investment analyst, Mine Super Bill Dwyer, senior consultant, global equities, JANA Matthew Kempton, deputy chief investment officer, Funds SA Simon Hudson, head of equities, UniSuper Nader Naemi, head of dynamic markets, AMP Capital Investors Gerard Parlevliet, chair, investment committee, Prime Super Chris Tse, investment manager, Sunsuper 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 MONDAY SEPTEMBER PM OFFICIAL CONFERENCE DINNER CECCONI S 61 FLINDERS LN, MELBOURNE VIC PM DINNER CLOSE TUESDAY SEPTEMBER AM REGISTRATION 9.00 AM WELCOME Colin Tate, chief executive, Conexus Financial 9.10 AM A NEW MARKET REGIME: MACRO, VOLATILITY, STYLE & ACTIVE MANAGEMENT The US Federal Reserve s decision to end a historic period of quantitative easing and stick with plans for further rate rises may have initiated a new market regime with greater volatility. What does this environment mean for formerly out-of-favour strategies? Nader Naemi, head of dynamic markets, AMP Capital Investors Simon Hudson, head of equities, UniSuper Moderator: Nathan Bode, principal consultant, Frontier Advisors 9.45 AM EMERGING MARKET OPPORTUNITIES: NARRATIVE VS REALITY Amid macro volatility, rising interest rates, US dollar strength and talks of a trade war, what have emerging market economies learned from past experiences? Has the large growth in money supply disguised structural problems or do equity investment opportunities still exist? Craig Thorburn, director, emerging markets, Future Fund Ernest Yeung, portfolio manager, T. Rowe Price Mark Gordon James, senior investment manager, Aberdeen Standard Moderator: Matthew Gadsden, head of global equities research, JANA AM MORNING TEA AM CHINA RISING: THE ENGINE OF CONSUMPTION AND MSCI INCLUSION The growth in China s middle class presents thematic investment opportunities. As China s weight in global benchmarks increases materially over the next decade, how should Australian asset owners capitalise on this transition and the opportunities? Bill Maldonado, chief investment officer, Asia-Pacific and global equities, HSBC Global Asset Management Damian Graham, chief investment officer, First State Super Leslie Mao, senior investment consultant, manager research, Willis Towers Watson Moderator: Greg Barnes, manager, listed shares, Sunsuper AM A GLASS HALF FULL: DECODING THE ASIAN MARKETS

4 Financial system reforms, tighter financial conditions in China, geopolitical concerns and talks of retaliatory tariffs have all weighed on Asian markets. What sectors and corporations will remain resilient despite the macroeconomic challenges? Richard Jones, director, Colonial First State Global Asset Management PM THE ANTITRUST PARADOX: AN END TO THE FAANG TITANS The dominance of the FAANGs raises an interesting corollary to the 1990s Microsoft anti-trust case. A review of their platforms and conduct underscores the deficiencies in scrutiny and the current doctrine. How might this play out, given the rise of populism and Trump politics? Paul Hannan, senior portfolio manager, Pendal Group Moderator: Ben Griffiths, head of international equities, TCorp PM LUNCH PM TRUE TO LABEL: DETECTING THE INFLUENCES OF STYLE Style exposures affect portfolio risk and return. Asset owners blend styles, factors and managers to create diversified portfolios, but how are the exposures determined and monitored to ensure the portfolio and managers do not suffer from style drift? Andre Roberts, senior portfolio manager, quantitative strategies, Invesco Hamish Carlisle, principal, Merlon Capital Partners Matthew Kempton, deputy chief investment officer, Funds SA PM CAN SMALL CAPS BE A PROXY FOR PRIVATE EQUITY RETURNS? Research shows the outperformance of private equity is contingent on three factors: size, leverage, and valuation. How are institutional investors employing small-cap investing to capture alpha from a rapidly evolving market environment that threatens incumbents? Adrian Warner, chief investment officer, Avenir Capital Moderator: Frithjof van Zyp, director, bfinance PM ASIAN FUSION INVESTING: BLENDING CULTURES AND OPPORTUNITIES Automation and digitisation is having a profound impact on our lives. How should investors consider the impact of consumer culture when comparing opportunities around automation, robotics and healthcare between Silicon Valley and Shenzhen? Terry Zhang, general manager, Australia and New Zealand, DiDi Mobility Moderator: Garry Laurence, head of global equities, Perpetual PM AFTERNOON TEA

5 15.50 PM RETHINKING THE HOME BIAS: IMPLICATIONS FOR PORTFOLIO CONSTRUCTION The 112 MySuper balanced default investment options evidently create an inevitable peer risk and have perpetuated a home bias in a highly concentrated market. How can asset owners overcome this constraint and build a more robust equity portfolio? Nimalan Govender, portfolio manager, Morningstar Investment Management Trent Lio, portfolio manager, multi-asset group, AMP Capital Moderator: Gerard Parlevliet, chair, investment committee, Prime Super PM WINDS OF CHANGE: CORPORATE GOVERNANCE, ACTIVISM & SOCIAL LICENCE Recent governance scandals have re-emphasised the stewardship role of institutional investors, which must understand activism, what an average person considers fair and reasonable, and how reputational risk threatens the social licence to operate. Pauline Vamos, chief executive, Regnan Talieh Williams, manager, governance and sustainable investment, UniSuper Sameer Chopra, head of Australian research, Bank of America Merrill Lynch Emily Fortin, associate counsel, Financial Recovery Technologies PM CONFERENCE CLOSE NOTE: ALL SESSION TIMES, CONTENT AND ARE SUBJECT TO CHANGE WITHOUT NOTICE.