• Shifting of funds asset allocation weights in recent years 
• What are the latest trends amongst global institutional investors?
• How Japanese funds are changing in the light of this worldwide appetite for LDI, diversity and absolute return strategies?

• Implications of the past experience in Japanese life industry
• Reflecting the characteristics of the liabilities in the asset allocation decision
• Recognizing the model risk
• Coping with major changes in accounting and regulations 
• Evolution of ALM based on economic value
  

• Why is risk budgeting an integral part of the investment decision making process for any kinds of investors?              
• Highlighting how risk allocation is related to policy asset mix tactical asset allocation and active management decision.  
• What are the key elements to optimal risk allocation?       
• Case study: from concept to implementation        
  

• Analysing the price, time, trend, value and risk relationships
• Relative performance and allocation
• Upside and downside allocating
• Managing behavioral factors and market psychology
  

• Evaluating the growing funding gap in pensions and strategies for improving the funding ratio
• Examining how and why corporate pensions are shifting from DB to DC plans
• Analysing the growth potential of the Japanese pension market post “daiko henjo”
• Highlighting the current asset allocation practices amongst Japanese corporate pensions and public pensions including GPIF, Chikyoren, PFA 
  

• Where are investors allocating their assets and why?
• How can investors enhance their risk/return trade-off? What benchmarks do they use?
• What are investors doing to generate more alpha and better their fund performance?
• Identifying the key criteria investors look for in managers – Discussing transparency, capacity, track record and experience
• Constructing a unique framework to achieve optimal asset allocation
  

• Identifying the key problems of traditional institutional portfolio allocation
• Highlighting the current views in SAA: What works and what doesn't?
• Equipping Japanese investors with the right investment tools and strategies to enhance investments and portfolio allocation    

• Examining the relevance of an SAA for pension fund investors
• Adding value through TAA
• Managing to fund objectives and liabilities
  

• Views on strategic and tactical asset allocation for ultra high net worth clients
• Understanding the expectations and concerns of HNWIs
• How do we invest in different asset classes, both strategically and tactically?
• What are the instruments do we use?
• What are the features we look for in comparing the suitability of these instruments (eg. long-only equity funds vs hedge funds, debt, real estate)
• How do we select partners/managers? 
  

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• Reviewing the current asset mix of FCERS
• Why should FCERS invest in private equity?
• Identifying the pros and cons of private equity investing
• How will a private equity allocation generate more alpha vs. other alternatives?
  

• Why are leading institutional investors moving toward alternative investments?
• How can institutional investors better meet their liabilities with alternative assets?
• Choosing the correct mix alternatives – what does it take?
  

• Examining the current trends in asset allocation amongst super funds in Australia - What are we doing that is different and innovative?
• Identifying best practices and how we are managing our peers AA
• Assessing why we need an annual health check of our fund portfolio
• Where do we look for alpha?

• Paradigm shift in asset management
• Portable alpha concept and implementation
• What is the optimal level of alpha and beta in the portfolio?
• Case study: Adopting a portable alpha strategy to enhance institutional portfolio returns
  

• The role portable alpha plays in asset liability mix
• The various mechanisms in isolating and transporting alpha
• What are we porting the alpha to? Is it uncorrelated?
• Identifying and overcoming the complexities of porting alpha onto bonds vs. stocks
  

• What is Liability Driven Investment?
• Typical objectives of pension fund trustees and corporate sponsors
• The evolution of European pension funds moves to LDI
• A case study of a UK pension fund's move to LDI exploring different possible solutions    

• Where does LDI fit into our pension investment strategy?
• Analysing the benefits and challenges in LDI for our pension
• Shaping the LDI strategy to match our plan's investment objectives    

• How do you construct a framework to capture and analyze your different bank exposures ranging from credit to alternatives and insurance?
• How do you aggregate these exposures, which tools and how reliable are they?
• What is the art and what is the science in selecting fund managers and other investments?
  

• Looking at market cap vs fundamental factors as a basis for benchmarking
• Wealth weighted indices as a means for passive managers to achieve alpha
• Real estate as a growing asset class
• The growing demand and returns of infrastructure investment    

• What is the role of bonds in institutional portfolios?
• Is Japan becoming the new place for hedge funds or fund of hedge funds?
• Are commodities the next big thing in generating higher returns?
• Assessing the rise in popularity and role of ETFs in a balanced portfolio for Japanese investors    

• Analysing investment governance issues and how it will improve risk-return profile of assets
• Are investors allocating enough resources to asset allocation?
• Should investors consider outsourcing manager selection and will it improve governance and portfolio returns?
  

• Taking a look at new accounting measures including UK’s FRS17 and Europe’s IAS19
• Highlighting the accelerated shift to mark-to-market accounting rule by the adoption of FAS 158
• Analysing how these new standards, when adopted in Japan, will affect the asset allocation approach of pension funds

• How can performance measurement be better aligned to aid decision making?
• Understanding the difficulty in predicting fund level volatility and absolute volatility – Why is this a concern?
  

Top 5 statements to be challenged 

5         “My predicted and realized risk are usually the same”
4          “Estimation errors in risk are not important”
3          “Modeling errors in risk are not important”
2          “My risk prediction is not biased for optimized portfolios”
1          “My optimizer should work the same with any risk model”

• Strategic asset allocation: What kind of long-term strategic decision for currency do we need to make?
• Tactical asset allocation: Should we aim at currency alpha?