• Hear case studies presented by those active in the market
• Get your questions answered during the interactive Q&A sessions
• Meet all those involved during our speed networking session and continue discussions informally at the networking drinks reception  
  
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Mr Dave Bamber, Assistant Director, Flintshire County Council Flintshire County Council is the lead authority for the Clwyd Pension fund which embraces traditional, unconstrained, portable alpha and alternative investment strategies. Their current allocation to portable alpha, which is equitised, is 10% or £90m. Having worked for the Clwyd Pension Fund for the last 23 years ensure you don’t miss Dave’s valuable first-hand insights into how and why they decided to implement portable alpha into their portfolio.

Mr James Bevan, Chief Investment Officer, CCLA Investement Management CCLA provides the largest and widest range of common funds for charities, churches and local authorities, and provides socially responsible investment and corporate governance services to a further £5bn. Prior to joining CCLA, James held the position of CIO at Abbey, Barclays Stockbrokers and Barclays Personal Investment Management. With such extensive experience in the industry it’s vital that all investors hear his presentation challenging the concept of portable alpha.

Mr Chris Erwin, Investment Principal, AON Consulting Chris has worked in investment analysis, investment management, and pension fund investment consulting for many years. As a fund manager, he managed both pooled and segregated pension funds, and a manager of managers. He then followed the logical route into investment consultancy for Pension Schemes. This has included both UK and international consultancy. He joined Aon Investment Consulting in 2001 as a Principal in their Investment Practice. As such he looks after a number of key clients.

Ms Deborah Fuhr, Managing Director, Morgan Stanley Deborah is a managing director in the Investment Strategies Group, which is responsible for marketing and sales of Delta One products including ETFs. In 2006 she was honored with the Exchangetradedfunds.com award for Meritorious Service to the ETF Industry, which recognises her as one of the earliest strategists to cover exchange-traded vehicles. Ensure you don’t miss her presentation comparing ETFs and index funds as she is widely considered one of the global thought-leaders in this field.

Mr Larry Gorman, Associate Professor of Finance, Cal Poly Unviersity As a member of Cal Poly’s Investment Oversight Board, Larry helps to oversee the university’s $200 million endowment (ranked in the top 15% of all university endowments for overall performance). He teaches a wide array of subjects including: quantitative methods, financial engineering, international finance, corporate finance and equity investment analysis. His published research is in the areas of statistical arbitrage, domestic and international asset pricing, and dividend capture strategies. Since 2003, his interests have focused on statistical arbitrage in a leveraged equity environment, and the natural extensions toward 130/30 funds and portable alpha strategies.

Ms Eeva Grannenfelt, Chief Investment Officer, Pension Fennia As well as holding the position of Chief Investment Officer, Eeva is a Director and Member of the Management Group of mutual insurance company Pension Fennia. Having been involved in the finance, insurance and pension industry for over 20 years she has wide experience within treasury, equity sales, asset management and implementation of insurance business into banking business. Her expertise will provide invaluable insights to all investors.

Mr Roger Gray, Chief Investment Officer, Hermes Roger is responsible for managing £69bn of assets, of which the BT Pension Scheme comprises £38bn. In his opinion the key to success requires ensuring the right mix and degree of beta and alpha exposure, and the confidence that you are structuring this efficiently and cost-effectively. His expert account of how best to manage beta exposure is a must hear for all in the industry.

Mr Asbjorn Hansen, Head of Multi Asset Group, Nordea Investment Management GTAA is developing rapidly as the technology and data available for understanding more complex structures across the financial markets are clearly improving. As such GTAA is moving from being a narrow exercise focusing on a few directional calls to involve a breadth of investment opportunities across the global financial markets which has improved considerably the scope for alpha creation by taking advantage of portable returns across the market. Asbjorn Trolle Hansen has been responsible for Multi Asset Group at Nordea Investment management, where he has been managing about $35 bln of assets including GTAA overlays for the last 4 years. Previously to that Asbjorn has been with ABN AMRO Alfred Berg, NatWest and Dresdner Kleinwort Benson working with Asset Allocation and Structured Products and holds a Ph.D. in Mathematical Finance.

Mr Dick Kamp, Manager Pensions Affairs, Laurus Pension Fund Dick has led the development of the new pension scheme, new investment policy and improved governance process at the Laurus Pension Fund. Having experienced first hand the benefits of liability driven investing in a defined contribution environment, he is currently exploring if portable alpha techniques may lead to further improvement of efficient pension fund investing. Investors currently making similar considerations can not afford to miss Dick impart his knowledge.

Mr Con Keating, Principal, Finance Development Centre While Con is perhaps best known for his quantitative work in investment performance measurement and forecasting with techniques such as the Omega function and metrics, he has also been involved with pensions as a fund manager and trustee since the early 1970s, when he managed the NATO provident fund. He chaired the European Federation of Financial Analysts’ Societies committee on methods and measures from 1994 until 2001. He is a member of the steering committees of the Finance Research Institute and Financial Econometrics Research Centre at the University of Warwick, a member of the Societe Universitaire Europeene de Recherche en Finance and of the American Finance Association. He is currently an advisor to the OECD’s working party on private pensions and to the World Bank. He has written and published widely on pensions management and funding, including the OECD occasional paper Fair Value Accounting and Pensions.

Stephane Marchand, Vice President, Lehman Brothers

Andrew McCaffrey, Head of Absolute Return Strategies, Aberdeen Asset Managers Ltd

Mr Dimitry Mindlin, Managing Director, Wilshire Associates Dimitry, ASA, MAAA, Ph.D., is responsible for the development of customized optimization and simulation models to design strategic policy portfolios for DB and DC plans, government agencies, foundations, and endowments. His research ranges from portfolio optimization models to the foundations of actuarial science. Since 2004, Dimitry has completed numerous asset allocation projects utilizing the concept of Commitment Driven Investing. Dimitry is a Member of the American Academy of Actuaries.

Mr Tomas Morsing, Head of Quantitative Strategies, AP2 Earlier this year AP2 implemented a new alpha-beta strategy that sees all of the fund’s capital being managed quantitatively using enhanced index methods. This provides the correct beta exposure as well as a substantial part of the fund’s alpha targets, with market neutral mandates supplying additional alpha. Being responsible for $15bn (approximately 50% of the fund’s total assets), places Tomas in an excellent position to share his thoughts and experiences on AP2’s new strategies.

Mr Phil Page, Client Manager, Cardano Phil has been the investment adviser to trustees of larger UK pension schemes for a number of years. He is an industry leader in a number of areas, including designing and implementing derivative strategies specifically tailored to a client’s objectives. These cover the use of equity derivatives, swaps and swaptions. He has also worked with clients to implement a combination of absolute return funds and swaps, combining Liability Driven Investment and Portable Alpha.

Mr Ravi Rastogi, Senior Investment Consultant, Watson Wyatt At Watson Wyatt, Ravi currently has responsibilities in leading client relationships and developing bespoke investment solutions. Through his career Ravi has been responsible for advising pension funds and other institutions on investment strategy, asset allocation, and manager selection. He has 14 years of financial sector experience, most recently concerned with developing practically accessible liability-aware investment solutions for pension funds. A key part of this has been exploring how resource-constrained entities such as Trustee boards can extract much more value from both their advisors and their own capabilities, through the use of different governance models.

Leonie Ryan, Senior Vice President, Lehman Brothers

Mr Roland Staub, President, Trustee Suisse As president of Trustee Suisse, Roland is responsible for the development, structuring and selection of investments, including financial and tax driven products, to be offered to group clients. Prior to this Roland worked at Schroder & Co Bank AG, Swizerland where has was a director from April 2001 to October 2002 where he developed and created the family office division at the Bank, and was also involved in the development and selection of financial products. Roland has extensive experience of manager selection, therefore his thoughts and experiences on the topic are not to be missed.

Mr Marcus Storr, Deputy Head of Hedge Funds, Feri Institutional Advisors In addition to strategy allocation and structuring Marcus is responsible for the management of Feri’s hedge fund of funds portfolio. Marcus oversaw the implementation of a $260m portable alpha overlay of an investable hedge fund index (the ARIX Composite Investable Index managed by Feri) as the underlying alpha engine. The ARIX Composite Index is one of the oldest (inception January 2002) and best performing investable hedge fund index worldwide. Marcus’ responsibilities also include single hedge fund manager research and selection.

Mr Mike Taylor, Chief Executive, London Pensions Fund Authority The London Pensions Fund Authority (LPFA) is one of the largest Local Government Pension Schemes in England with over 73,000 members and assets of over £3.7bn (at May 2007). The LPFA trustees believe that diversification into alternative assets will increase returns and reduce risk, and that portable alpha enhances efficiency. Mike’s first-hand pension fund perspective will add invaluable insight to the discussions surrounding whether portable alpha is necessary and worth the effort.

Rene Upperman, Managing Director, ATOS Origin Pension Funds

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