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Day one, Tuesday, 24 March 2009
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7.30am | Registration and refreshments
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8.30am | Chairperson’s opening remarks
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8.45am | Keynote address: The global economics of the commodity landscape – depressions, recessions and panics
- Asset allocation in an economic meltdown: impact of macro factors on allocation
- Implications of changes in exchange rates, inflation, volatility and interest rates on commodities
- Assessing the relationship between equities in Africa
- Long term demand as a factor of price growth – has long term growth been factored into present day pricing?
Jonathan Wilmot, Chief Global Strategist
Credit Suisse, United Kingdom
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| The big picture |
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9.15am | Keynote address: Effective decision-making and managing the fund to add value to key stakeholders
- Reviewing and approving asset allocation strategies
- Board responsibilities for hiring and firing investment managers
- Monitoring and regular review of investment processes and risk
- Strategies to maximise retirement savings for members
Jean-Marc Stenger, Deputy Head of Portfolio Management , Lyxor Asset Management, France
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9.45am | Keynote address: Understanding the pension investment
management framework
- Assessing governance structure and the investment policy landscape
- Implementing appropriate risk management into your investments
- Adequately measuring performance, effective accounting and reporting and maximising the use of information technology
Sudhir Rajkumar, Head: Pension Asset Advisory Program, World Bank, United States of America
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10.15am | Morning refreshments and networking
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10.45am | Key-note address: Successful capital allocation strategies in the current economic conditions
- Institutional insight in allocation
- Successfully assessing asset classes and rate of return
- Risk management and the due diligence
Suzanne Bishopric, Director – Investment Management Service, United Nations Pension Fund, USA
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| Diversification challenges in a bear market environment |
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11.15am | Panel discussion: Building a diversified portfolio to capture superior returns in the current climate
- Is diversification a benefit or a distraction?
- Action plans for the future – where to put you money and what to expect in the future
- Assessing which asset class will outperform
Suzanne Bishopric, Director – Investment Management Service, United Nations Pension Fund, USA
John Oliphant, Head of Investments & Acturial
Government Employees Pension Fund
Rowan Williams-Short, Director, Orthogonal Investments
James Gilfillan, Chief Investment Officer
Alpha Asset Management
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| Institutional investor insights |
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12pm | Case study: Creating a successful roadmap for institutional investors
- What are the lessons from the past for the future?
- What will their effect be for institutional investors?
- Tips and strategies for pension funds going forward in 2009
Kennedy Memani, Chairman: Board of Trustees
Eskom Pension & Provident Fund
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12.30pm | Networking lunch
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2pm | Panel discussion: What are the hottest asset classes for the institutional investor?
- Have traditional assets performed in line with investor expectations?
- Are returns sustainable going forward? Equities, bonds, cash and real estate
- The challenge of incorporating alternative assets: do they add value?
Kennedy Memani, Chairman: Board of Trustees
Eskom Pension & Provident Fund
John Liackman, Chairman – Joint Investment Committees Mine Employees, Sentinel Mining Industry, Pension & Privident Funds
Jean-Pierre Matthews, CEO, PSG Absolute Investments
Yacoub Kidula, Director: Planning, Investments & Projects, National Social Security Fund, Tanzania
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| Asset allocation approaches in new investment environments |
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2.45pm | Case study: Delivering value to the institutional market from tactical asset allocation
- Value from TAA in the institutional market
- A framework for TAA
- How to benefit from TAA in the current volatile environment
- Valuation of South African asset classes
Rowan Williams-Short, Director, Orthogonal Investments
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3.15pm | Networking and afternoon refreshments
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3.45pm | Case study: Integrating growth assets into pension fund assetliability management strategies and developing a multi-asset, optimum return portfolio
- Which risks to hedge, which risks to take
- The impact of swaps on risk management and asset liability modelling
- Approaches to constructing a growth portfolio
- The importance of managing risk through time
John Oliphant, Head of Acturial & Investments
Government Employees Pension Fund
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4.15pm | Case study: Successfully diversifying your portfolio with the use of infrastructure investment
- Defining infrastructure – what is infrastructure and what types of infrastructure investments are available
- Assessing alternative investments outside direct infrastructure investment
- Using infrastructure to achieve diversification within the asset mix
- Investing in international versus domestic infrastructure – which regions provide the best opportunities for infrastructure investing
- Analysing risk effectively when investing in infrastructure
Theo van Vuuren, Divisional Executive: Portfolio Management - SA Operations
Development Bank of Southern Africa
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4.45pm | Chairperson’s closing remarks and end of day one
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Day two, Wednesday 25 March 2009
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8.30am | Chairperson’s opening remarks
Graham Mason, CEO, Prudential Portfolio Managers
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| New investment strategies |
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9am | Panel discussion: Asset allocation strategies for Africa’s elite pension funds
- Trustee duties and challenges regarding asset allocation
- How to ensure that institutional funds are well managed
- Balancing power between investors and investments
- Fund managers’ response to the investor appetite and demands
- Traditional assets vs. alternative investments
Francois van Wyk, Chief Investment Officer
Cadiz African Harvest Asset Management
Arno Lawrenz, Chief Investment Officer
Atlantic Asset Management
Wole Famurewa, Head: Research & Investment Strategy PHB Asset Management, Nigeria
Yacoub Kidula, Director: Planning, Investments & Projects National Social Security Fund, Tanzania
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9.45am | Panel discussion: Further diversifi cation into alternatives – the drive for more Alpha
- Definition of alternatives: what constitutes an asset class?
- Future of alternatives in the current market environment
- Hedge funds – alpha beta or unnecessary risk?
- Effectively understanding 130/30 in hedge fund management
- Improving the portfolio by identifying new alternatives
Fatima Vawda, Managing Director
27Four Investment Managers
Bradley Anthony, Portfolio Manager
First Rand Alternative Investment Management
Willi Jonker, Director, Interneuron
Kimon Boyiatjis, Director, Trident Capital
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10.30am | Morning refreshments and networking
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11am | U-turn
Things that keep you awake at night
You have voted for these topics! Your chosen
speakers will now offer you real-time, spontaneous solutions and commentary on the issues that keep you awake at night. Bring your questions to this spontaneous discussion.
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11.30am | Case study: Maximising the benefits that tactical asset
allocation can bring to your portfolio in turbulent and
unpredictable times
- Has tactical asset allocation become more important in today’s environment, and if so, why?
- Generating return forecasts for asset classes under different economic scenarios
- How to apply tactical asset allocation to maximise the overall returns for any given unit of risk
Arno Lawrenz, Chief Investment Officer
Atlantic Asset Management
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| Maximising return from commodities |
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12pm | Case study: Strategically investing in gold to gain superior returns
- Gold price trends, performance, demand and supply
- Gold in the credit crisis and recession
- How to invest in gold as a strategic asset
Marcus Grubb, Managing Director, Investment Research & Marketing, World Gold Council, United Kingdom
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12.30pm | Networking lunch
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| Risk management |
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2pm | Panel discussion: Investigating the importance of liability driven investing in Africa
- Misconceptions and the overlap with active asset allocation
- Elements of the process, optimal asset allocation and governance
- Importance of due diligence, risk management and governance
- Identifying various investment risks – interest rate, inflation, currency, liquidity, re-investment and market risks
Thomas de Lange, Chief Investment Officer, Vega Capital
Liston Meintjes, Chief Investment Offi cer
Lion of Africa Fund Managers
Albert Barnor, Managing Director, NTHC Limited, Ghana
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| Tax/regulatory/pension fund reform |
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2.45pm | Panel discussion: Assessment of recent and future legislative developments – examining their impact on you
- Surveying the impact that pension plans have on you
- Today’s issues that influence the investment landscape
- Structuring your investments to achieve compliance
- Will those regulations influence capital markets, investment strategies and products?
Janet Hugo, Director, Hugo Capital
Gerald Saacks, Compliance Officer Futuregrowth Asset Management
Jonathan Mort, Independent Trustee, 10X Umbrella Funds
Wanjiru Kirima, Principal Officer, Shell Pension Fund
David O’Brien, Head: Retirement Fund Reform Programme, Old Mutual
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3.15pm | Afternoon refreshments and networking
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| Future trends in portfolio management |
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3.45pm | Case study: How investing in innovative clean technology will deliver both a fi nancial and an environmental return
- Where do investors start in their search for clean technology opportunities?
- Why see clean technology as a potential growth area?
- What are the best clean technology vehicles available to the institutional investor?
Henk Sa, Country Director, Ecosecurities
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4.15pm | Panel discussion: How to maximise your absolute returns
through guaranteed investing and structured products in a
volatile market?
- Capitalising on absolute return and guaranteed investing to protect capital and maximise risk-adjusted returns
- Supply and demand of absolute return products and strategies
- Fees and risks of absolute return and guaranteed investing
- Managing downside risk while cashing in on the upside with derivatives in guaranteed or absolute investing
- Using structured products to provide institutional investors with new sources of risk-managed returns
Wole Famurewa, Head: Research & Investment Strategy PHB Asset Management, Nigeria
Albert Barnor, Managing Director, NTHC Limited, Ghana
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5pm | Chairperson’s closing remarks end of conference
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