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Trustee's Day, Monday 23 February 2009
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| TRUSTEE'S DAY |
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07.30 | Registration and welcome tea and coffee
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07.30 | VIP Institutional Investor Breakfast
Sponsored by:
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08.50 | Opening remarks by chair
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| ADVANCED INVESTMENT MANAGEMENT FOR TRUSTEES |
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09.00 | Keynote address:
Effective decision making: managing the fund to add value to key stakeholders
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Reviewing and approving asset allocation strategies and sector strategies
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Board responsibilities for hiring and terminating investment managers
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The role of the asset consultant within the fund
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Monitoring and regular review of investment processes and risk profile
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Strategies to maximise retirement savings for members
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09.40 | Keynote panel discussion:
Opportunities and challenges in managing a superannuation fund
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Responsibilities in managing the growth in assets under management
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Having the appropriate resources to match governance responsibility
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The need for funds to embrace more sophisticated investment strategies
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Opportunities and advantages of having an in-house team
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| | Mr Paul Kessell, Investment Manager, Professional Associations Superannuation Fund, Australia Mr Win Hughes, Director and Chairman Audit Committee, SPEC(Q), Australia
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10.20 | Presentation:
Managing risks across the whole business: systems implications
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What has changed in the risk requirements of asset and fund managers
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Identifying and calculating liquidity, cash, fx and policy risks
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Implications of these on current systems environments
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10.40 | Morning tea and coffee
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| IN THE PURSUIT OF ALPHA |
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11.10 | Keynote address:
Rationale behind the creation of alpha and beta investment teams
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Is the hunt for alpha a pre-occupation or an absolute necessity?
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Understanding how investment managers generate alpha and beta
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Investment horizon and monitoring the risk budget
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Capitalising on the alpha/beta divide on the traditional asset allocation mix
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| | Mr. Syd Bone, CEO, Victorian Funds Management Corporation, Australia
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11.50 | Keynote address:
Implementation challenges of alpha beta separation for superannuation funds
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Concept to implementation: driving the efficient implementation of alpha and beta separation
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Mandates for Alpha, Beta and Omega teams
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Case-study
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How successful implementation would change investing for a superannuation fund
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12.30 | Keynote Address: How ETFs can be innovative tools for balancing risk, return and cost
The ETF landscape and benefits in the current climate
ETFs in portfolio construction
ETFs and risk management
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| | Mr Oliver Berry, Head of Institutional Sales, Barclays Global Investors, Australia
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13.00 | Networking luncheon sponsored by Barclays iShares
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| MANAGING THE INVESTMENT TEAM AND INVESTMENT POLICY STRUCTURE |
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14.00 | Executive panel discussion:
The future role of the asset consultant in Australia’s superannuation fund industry
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Embracing the natural progression from asset consultancy to superfund in-house investment team
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Creating a dynamic partnership between asset consultant and super fund
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Taking advantage of the asset consultant’s expertise on asset allocation strategy and manager identification
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Should asset consultants report to the CIO or to the board?
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| | Mr. Tim Hughes, Chief Investment Officer, Catholic Superannuation Fund, Australia Mr David Cannings, Chief Investment Officer , Anglican Church, Diocese of Sydney, Australia
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| STRATEGIES FOR IDENTIFYING THE BEST ALPHA MANAGERS |
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14.40 | Executive presentation:
Identifying and accessing Alpha managers in top performing sectors
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Emerging markets (BRIC)
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Pre-emerging markets
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Frontier markets
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Distressed debt/property
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| | Mr Graeme Miller, Head of Investment Consulting, Australia, Watson Wyatt, Australia
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15.10 | Executive presentation:
Impact of currency exposure and currency management on portfolio performance
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| | Mr James Coleman, Senior Vice President Research, Pareto Australia Limited, Australia
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15.40 | Afternoon tea and coffee
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| UNDERSTANDING INVESTMENT CONCEPTS AND STRATEGIES |
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16.10 | Executive presentation:
CEO Perspective: Understanding the investment review process for superannuation funds
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What does the investment review process encompass?
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Awarding and termination of new mandates
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Accessing new investment opportunities in different market conditions
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Maximising and protecting retirement savings for members
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| | Mr Greg Cantor, Chief Executive Officer, Catholic Super Retirement Fund, Australia
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16.40 | Executive presentation:
Understanding the fundamentals of investment strategies
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Current investment concepts and key performance strategies
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Using alternative investment strategies to control risk
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Simplifying hedge fund portfolio strategies for trustees
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Asset allocation beyond equities and bonds
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17.10 | Executive presentation:
Currency management for super fund trustees
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Active currency management and hedging
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What is active currency alpha?
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Currency overlay and absolute return
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Practical application of currency management
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The process and challenges of implementation within a super fund
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Case-study: portfolio review
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17.40 | Closing remarks from the chair
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18.30 | Pre-conference welcome dinner at Astral Restaurant (Level 17, Star City)
Complimentary for all speakers and all three / four day registrations
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Conference Day One, Tuesday 24 February 2009
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07.30 | VIP Institutional Investor Breakfast Briefing
Global equities update
Sponsored by:
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07.30 | Registration and welcome tea and coffee
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08.50 | Opening remarks by chair
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| BUILDING A CULTURE FOR INVESTMENT INNOVATION |
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09.00 | International keynote address (Video Link):
Driving a new investment model for Alberta Investment Management Corporation
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Opportunities for investment innovation at AIMCo
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Creating an investment process that promotes generation of superior returns
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Developing a culture of embracing risk as a concept
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Propelling AIMCo into a centre for investment excellence
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09.40 | International keynote address:
The future of asset allocation models
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Challenges facing tomorrow’s institutional investors
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New perspectives, ideas and innovations
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Dynamic asset allocation strategies and models for bear markets
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Taking advantage of market volatility for long-term investors
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| | Mr. Roger Urwin, Global Head of Investment Consulting, Watson Wyatt, United Kingdom
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10.20 | Morning tea and coffee
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| OPPORTUNITIES IN PORTFOLIO DIVERSIFICATION |
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10.50 | Keynote address: Emerging approaches for super funds to earn risk premium from longevity risk
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What does longevity risk mean for superannuation funds?
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Investing in synthetic longevity: what are the benefits?
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Understanding the drivers of returns in life-linked transactions
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Institutional investor case-study
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| | Mr Zac Roberts, Superannuation and Insurance, Deutsche Bank AG, Australia
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11.20 | Keynote panel discussion:
Building a diversified portfolio to capture superior returns in the current climate
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Is diversification a benefit or a distraction from key investment objectives?
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Challenges faced by the investment team over the last 12 months
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How has the global credit crisis influenced your fund’s asset allocation strategy
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Fast forward 2020: which asset class will outperform?
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| | Moderator: Mr. Roger Urwin, Global Head of Investment Consulting, Watson Wyatt, United Kingdom Mr. Syd Bone, CEO, Victorian Funds Management Corporation, Australia Mr Michael Block, General Manager - Investments, Future Plus Financial Services Pty Ltd, Australia Mr Mike Davis, Joint Managing Director, Causeway Asset Management, Australia Mr Jeffrey Talk, Managing Director, 3 Degrees Asset Management Pte Ltd, Singapore
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12.00 | Keynote address:
Finding a system level solution to credit markets and how to unfreeze it
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Implications of listings CDS: what will it resolve?
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Addressing the issues relating to counterparty risk and recovery rate 'lottery'
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Isolating default risk in liquid, tradable contract
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| | Mr David Patterson, Chair & Chief Executive Officer, Northwater Capital Management Inc, Canada
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| MANAGER SHOWCASE OF TOP PERFORMING ASSET CLASSES |
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12.30 | Interactive Round table discussions
Round Table 1:
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Further insights into resolving the overhang in credit markets
David Patterson, Chair and Chief Executive Officer , Northwater Capital Management Paul Robson, President, Northwater Capital Management
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Round Table 2: 
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Global deleveraging - opportunity or risk for real estate investors
Paul Hoff, Managing Director , Asia-Pacific, FTSE Group
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Round Table 3:
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Opportunities in investing in global resources
David Whitten, Head of Global Resources, Colonial First State Global Asset Management
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Round Table 4:
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4: How to deploy resources effectively in forestry investment opportunities
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Understand what makes timber a desirable asset class and its role on your investment portfolio·
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Establish the most important parameters for the development of your own timber strategy
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Comprehend the reasons why Brazil offers the most attractive investment opportunities in plantation forestry
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Analyze the key criteria which need to be addressed in order to ensure a successful investment strategy in Brazil
Henrique Aretz, Chief Investment Officer, Timber Value
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Round Table 5:
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Opportunitites in accessing emerging markets
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What factors are important in determining the outlook for various emerging markets?
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Is the relationship between emerging and developed markets’ investment returns changing?
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How best can an investor access the returns and growth potential of emerging markets?
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Will emerging markets ever decouple?
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What is the best way to mitigate the risk associated with emerging market investment?
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With the world economy in crisis, what role will politics play in global trade and what will be the resulting impact on emerging markets investment opportunities?
John Morton, Managing Director & CIO, Fixed Income, Rexiter Capital Management Limited
Christopher James, Director & Fund Manager, Rexiter Capital Management Limited
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Round Table 6:
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Principled Global Investing: "how does an institutional investor apply UN PRI or a Principled approach to Global Multi-Asset class investing, without discounting returns?"
What is principled global investing?
Does investing in a principled manner entail discounted returns?
How you do implement a global principled multi-asset class approach?
What has the effect of the credit crisis been on principled type investing?
Stephen J George, Chief Investment Officer and Co-Founder, Capricorn Investment Group
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Round Table 7:
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Life Settlements – a maturing asset class comes of age
Paul Bruton, Managing Director, Opus Fund Managers
Olivier Defaux, Director & Chief Financial Officer, Opus Fund Managers |
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| INNOVATIONS IN ASSET ALLOCATION MODELS |
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13.15 | Networking luncheon
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13.50 | Overview of round table findings to audience
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14.00 | Executive panel discussion:
Risky business – how best to survive the new investment environment
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What are the implications of demographic, social, geopolitical, macro policy, event risk and terrorism, and pension mismatch risks?
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How to reduce risk without giving up too much on the upside
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What risks and returns can be expected in today’s environment?
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New ways of modeling risk and return in an overall asset allocation context
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| | Moderator: Mr Andrew Lill, Director, Investment Strategy, Russell Investment Group, Australia Mr Sean Henaghan, Investment Director, International and Future Directions Fund , AMP Capital Investors, Australia
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14.40 | Keynote presentation:
Allocations to equities: investment insights from a fundamental perspective
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The importance of understanding company management
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Adopting a long term view – extending time horizons of managers and investors
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Correlation, concentration and conviction
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Benchmarks are not a starting point for portfolio construction
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15.10 | Executive panel discussion:
How have institutional investors implemented the UN Principles of Responsible Investing?
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Integration of ESG issues into investment decision making process
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How are investors implementing these principles?
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Practical applications and innovations within the fund
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New initiatives that will be launched in the next 12-18 months
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| | Mr. Tim Hughes, Chief Investment Officer, Catholic Superannuation Fund, Australia
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15.40 | Afternoon tea and coffee
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16.10 |
Executive case-study:
The asset allocation review process of PASF
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Growing and managing the investment strategy of PASF
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Rationale behind the review: setting the investment objectives
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Capturing opportunities for diversification
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Asset mix: pre-and post review
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| | Mr Paul Kessell, Investment Manager, Professional Associations Superannuation Fund, Australia
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| LEADING INVESTORS & ASSET CONSULTANTS SHOWCASE |
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16.40 | Interactive round table discussions
Round table 1: Strategies to delivering superior investment performance in
the long term
Simon Eagleton, Head of Investment Consulting, Mercer Investment Consulting, Australia
Round table 2: How to best overcome liquidity and credit risk challenges?
Graeme Miller, Head of Investment Consulting, Watson Wyatt, Australia
Round table 3: Identifying growth alternatives for long term investors: which new assets are being evaluated?
Michael Coop, Head of Alternatives, Intech Investments, Australia
Round table 4: Asset liability modelling: risk measurements & interpretations
Mark ten Hove, Group General Manager, Investments, QBE
Insurance,
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17.30 | Day One Martini Cocktail Party
Conference Foyer -Complimentary for all delegates
New for 2009 delegates will be entertained with cocktail performances at the Asset Allocation Summit martini bar
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17.30 | VIP Institutional Investors Cocktail Round Table - Quarry Room Level 2
Sponsored by: 
Are your funds exposed to unnecessary risk in these turbulent times - do you even know?
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How does your business support asset allocation, neutralise risk and ensure consistent information?
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Managing your money today - The impact of recent market events to your business model?
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Protecting investor returns - How quickly do you know you are at risk?
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Hedging today - Where do you see the information you need to make that decision?
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Regulatory Changes - Have any recent regulatory changes affected your risk reporting requirements?
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New Investment Strategies - What's constraining your business from seeking greater performance?
Be in a better position to protect member returns in volatile times and ensure your organisation is informed of the necessary processes that need to be in place to minimise operational inefficiencies.
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19.00 | VIP Institutional Investor Dinner
Sponsored by:
Relax and network with your contemporaries in intimate surroundings at one of Sydney’s most exclusive restaurants. The evening will offer attendees the perfect atmosphere to relax, and wine and dine with fellow conference attendees and industry colleagues. This exclusive evening offers the perfect relaxed and entertaining opportunity to build long lasting strategic professional relationships.
By invitation only for institutional investors - for enquires, contact Chris Rath, Sales Manager, Terrapinn on +61 2 9021 8824 or email chris.rath@terrapinn.com
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Conference Day Two, Wednesday 25 February 2009
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07.30 | VIP Institutional investor and fund manager breakfast
Sponsored by:
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07.30 | Registration & Welcome Coffee
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08.50 | Opening remarks by chair
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| | Mr. Tony Cole, Business Leader, Mercer Investment Consulting (Asia Pacific), Australia
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| VIEW FROM THE TOP: BIG PICTURE STRATEGIES FOR INVESTMENT SUCCESS |
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09.00 | Opening keynote address:
A unified solution to the 4 global ecomomic problems
Implications for global investors of the five following problems,
and a unified approach to resolving all of them:
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The politicization of Res Economica
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Misaligned currencies and vast trade imbalances
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Excess leverage and the debt crisis
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The oil chaos and “resources nationalism”
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The feebleness of international institution’s need for a
bargaining theoretic framework dentification
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10.00 | Keynote address:
Thinking sharp – the changing nature of investing
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The strengths and rationale behind our investment philosophy and beliefs
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Diversified and independent thinking: village of boutiques
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Post subprime: how was the investment environment changed?
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The need to constantly innovate, review and re-engineer
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10.40 | Keynote address
Bank loans: an institutional asset class whose time has come
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The next challenge for superannuation funds
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How the subprime crisis demonstrates liquidity and transparency of this asset class
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Market update and outlook for bank loans
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US versus European loans
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| | Mr Walter Shulits, Vice President, Eaton Vance Management (International), United Kingdom
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11.10 | Morning tea and coffee
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| DIVERSIFICATION CHALLENGES IN A BEAR MARKET ENVIRONMENT |
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11.40 | Keynote Address:
Investment model and asset mix of the Future Fund
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Development of the fund’s investment policy and model
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Strategic asset allocation and asset mix of the fund
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Building a diversified portfolio for the Future Fund
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Leveraging the team expertise: evaluation of investment opportunities in Australia and overseas
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Positioning the fund to take advantage of new opportunities post subprime crisis
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12.10 | Keynote address:
Allocations to infrastructure: listed versus unlisted investments
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Using infrastructure to achieve diversification within the asset mix
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Listed versus unlisted assets
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Investing in international versus domestic infrastructure
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Case-study: investment models for superannuation funds
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investing in infrastructure
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Identifying the best opportunities for investment success
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Risks for superannuation funds when investing in infrastructure
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| | Moderator: Mr. Tony Cole, Business Leader, Mercer Investment Consulting (Asia Pacific), Australia Mr Perry Clausen, Head of Infrastructure Investment, Colonial First State Global Asset Management, Australia Mr Peter Meany, Head of Global Infrastructure Securities,, Colonial First State Global Asset Management, Australia
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12.40 | Networking lunch
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| ALLOCATIONS TO ALTERNATIVES: EVALUATION AND IDENTIFICATION OF NEW SOURCES |
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14.00 | International keynote address:
The role of Alternatives in asset allocation strategies
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Definition of Alternatives: what constitutes an asset class?
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Future of Alternatives in the current market environment
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Impact of shift in market conditions
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Hedge funds: alpha bet or unnecessary risk?
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Emerging Alternatives: fads or niche opportunities?
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How to build a portfolio with more exotic Alternatives
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14.40 | Institutional investor panel discussion:
Asset allocation to Alternatives: what’s new on the radar?
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Improving the portfolio by identifying new Alternatives
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Emerging Alternatives: niche opportunities
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Alpha sourcing: what about boutique investment managers?
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Examining Alternatives that do not co-relate with equity markets
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Which Alternatives would you considering performing due diligence and allocations to?
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| | Moderator: Mr. Tony Cole, Business Leader, Mercer Investment Consulting (Asia Pacific), Australia Mr Win Hughes, Director and Chairman Audit Committee, SPEC(Q), Australia
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15.20 | Afternoon tea and coffee
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| SUCCESSFULLY MANAGING ENDOWMENTS AND FOUNDATIONS |
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16.00 | International keynote address:
Understanding the investment management process of a university endowment fund
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Developing and evaluation of the asset allocation policy
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Portfolio management challenges for endowment investing: the hunt for alpha
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The screening process of new managers
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Key elements that investment committee members look for in hiring new managers
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| | Mr Robert Walton, Chief Executive Officer, Claremont University Consortium , United States
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16.40 | Executive panel discussion:
Efficient portfolio construction for endowment investors
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How to establish portfolios for new asset classes
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Current challenges and future trends in asset allocation
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Developing a dynamic asset allocation model and determining the optimal mix
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The role of SAA, TAA and GTAA
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| | Moderator: Mr Simon Eagleton, Head of Investment Consulting, Mercer Investment Consulting, Australia Mr Robert Walton, Chief Executive Officer, Claremont University Consortium , United States Mr David Cannings, Chief Investment Officer , Anglican Church, Diocese of Sydney, Australia
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17.20 | Closing remarks from chair and close of Main Conference
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Post-conference Masterclass Day, Thursday 26 February 2009
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| Portfolio Management for Investment Managers: Integrating new asset classes into your current portfolio |
This workshop will focus on a detailed analysis of asset classes, how they are being classified, growth versus defensive assets, how new asset classes can be integrated within your current buckets, and performance benchmarks for evaluating managers of new asset classes.
Each investor driven topic will focus on:
- Asset class review and integration of new asset classes
- How to identify opportunities and perform due diligence
- Access strategies to top performing managers
This workshop is relevant for:
Portfolio Managers, Hedge Fund Managers / FOF, Boutique Fund Managers, Asset Managers, Institutional investors and Asset consultants
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09.00 | Registration and welcome coffee
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09.30 | Liquidity and future considerations for asset allocation
- Credit market opportunities and considerations for investing
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| | Mr Nick Bishop, Portfolio Manager,, Fixed Income, Aberdeen Asset Management Ltd, Australia
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10.30 | The NZ perspective on investing in Timber
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11.15 | Morning tea and coffee
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11.45 | Risk and rewards in the hedge funds industry
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| | Mr Harry Liem, Principal, Mercer Investment Consulting, Australia
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12.30 | Networking lunch
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13.30 | The evaluation and integration of hedge funds for the institutional investor portfolio
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14.30 | Growth Alternatives: how to integrate new Alternatives within your existing portfolio
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15.30 | Networking afternoon tea and coffee
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16.30 | End of masterclass
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