Overview – Sunday – April 7

11:00am – 1:00pm

WALKING TOUR OF THE UNIVERSITY OF CAMBRIDGE

Gather in the lobby of the DoubleTree (Granta Place, Mill Lane, Cambridge CB2 1RT), where our guides will meet us. The tour will finish at 1.00pm at King’s College, where conference registration will take place.

The walking tour will include an introduction to Cambridge, the university and colleges, and a discussion of the architecture, history, discoveries and developments of the town and university. We will also experience some of the flavour of student life.

Onsite contact for the tour:

Bree Napier
[email protected]
+61 451 946 311

1:00pm – 1:30pm

LIGHT LUNCH AND REGISTRATION

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

Arrival tea/coffee, light lunch and registration at 1.00pm.
The first session commences at 1.30pm and concludes at 5.45pm.

1:30pm – 1:45pm

WELCOME

The Hall, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

Colin Tate

Chief executive, Conexus Financial (Australia)

1:45pm – 2:30pm

SUSTAINABLE FINANCE UPDATE: THE IMPORTANCE OF POLICY

Investors have realised the importance of influencing policy in the advancement of sustainable investing, and this session will look at the collaborative work being done all over the world by policymakers and institutional investors. Specifically, it will examine the work done by the European Commission in obligating asset owners and managers to disclose how they integrate ESG factors into their risk-management processes. It is the first fiduciary duty in law that explicitly includes ESG. The session will examine the influence of institutional investors on policy thus far and how they can collaborate for further change.

Includes table discussion

Sven Gentner

Head of unit for asset management, the European Commission’s directorate-general for financial stability, financial services and capital markets union (Belgium)

Claudia Kruse

Head of sustainability, APG (The Netherlands)

Will Martindale

Director of policy and research, Principles for Responsible Investment (United Kingdom)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

2:30pm – 3:05pm

WHAT DOES SUSTAINABILITY REALLY MEAN?

How does an organisation behave if it is to be truly sustainable? What is operational sustainability, and how does this play out around people management and remuneration? What administrative principles ensure longevity? How does one invest sustainably and put capital to work?

Brett Himbury

Chief executive, IFM Investors (Australia)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

3:05pm – 3:30pm

AFTERNOON TEA

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

3:30pm – 4:30pm

LONG-TERM INVESTING – A PRACTICAL GUIDE

It has been well acknowledged that behaviours with a short-term focus exist all through the investment value chain. In this session, investors will hear some practical takeaways for how to think and act long term and hold their service providers to account on long-term risk behaviours and measures.

Includes table discussion

Philip Edwards

Chief executive, Ricardo Research (United Kingdom)

Jaap Van Dam

Principal director, investment strategy, PGGM (The Netherlands)

Sarah Williamson

Chief executive, Focusing Capital on the Long Term (United States)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

4:30pm – 5:30pm

IMPLEMENTING SDGS

What is the best way of implementing the Sustainable Development Goals (SDGs), in investment portfolios? This session will explore case studies of investors who have made the SDGs part of their investment process.

Niina Bergring

Chief investment officer, Veritas Pensionforsakring (Finland)

Nick Robins

Professor in practice for sustainable finance, Grantham Research Institute on Climate Change and the Environment (United Kingdom)

Alexandra West

Group Executive of Employers and Investment, Cbus Super (Australia)

Daniel Wild

Co-chief executive, RobecoSAM (The Netherlands)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

5:30pm – 6:30pm

Welcome drinks

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

Delegates will have the opportunity to enjoy drinks immediately following Day 1 of the symposium.

Day 2 – Monday – April 8

8:00am – 8:30am

REGISTRATION

The Hall, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

8:30am – 8:45am

WELCOME

The Hall, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

Colin Tate

Chief executive, Conexus Financial (Australia)

8:45am – 9:30am

IMPLICATIONS OF THE ONGOING WITHDRAWAL OF LIQUIDITY

For nearly a decade, aggressive monetary stimulation by the world’s central banks produced good growth and one of the best runs for a typical portfolio in a hundred years. Then, last year, the withdrawal of that liquidity was the dominant force that drove nearly every asset class in the world negative in 2018. The ongoing retraction of liquidity will continue to exert downward pressure on markets and, increasingly, growth. We believe that we have entered the late stage of the liquidity cycle, when central bank tightening tends to cause assets broadly to underperform and ultimately leads to a downturn in the economy that requires easing, which begets the next cycle. That downturn, whenever it comes, will carry unique risks. Central banks have limited ability to ease, and growing populism and political divisions will impede effective policy action. This session will address how to expect things to play out in this environment and what investors can do to protect themselves.

Greg Jensen

Co-chief investment officer, Bridgewater Associates (United States)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

9:30am – 10:15am

FAILURES IN ECONOMIC GOVERNANCE AND IMPLICATIONS FOR INVESTORS

Is international finance to be welcomed as a way of ensuring resources are used efficiently or denigrated as a source of instability and crisis? The accepted answer to this question has changed over time and has provoked deep political controversy. The answer before the First World War was that capital movements were beneficial, creating a dynamic and stable economy. But the answer shifted between the wars, as capital flows seemed to be destabilising. This view was embodied in the Bretton Woods agreement of 1944, before the common wisdom changed again after 1971, with a new stress on financial liberalisation. This lecture considers why these marked changes have occurred over the last 100 years, and reflects on the lessons of history from the financial crisis of 2008.

Martin Daunton

Emeritus professor of economic history, University of Cambridge (United Kingdom)

Chair

Stephen Kotkin

Professor of history and international affairs, Princeton University (United States)

10:15am – 10:45am

MORNING TEA

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

10:45am – 11:30am

GEOPOLITICS – BREXIT AND EUROPE

This session will look at some of the roots of the economic turbulence and political disruption that characterise Western politics today and which underpinned support for Brexit in the UK. It will consider the probable political and economic trajectory of the UK after Brexit and explore other, even more pressing, challenges facing the core countries of the EU and the eurozone – notably the possibility of an economic crisis in Italy, the impact of nationalist and populist politics across Europe, and the instability associated with the geopolitical behaviour of Russia and the US. It will ask if there is too much focus on short-term political risks and not enough attention on the changing geopolitical and economic environment in which European economies now operate.

Mike Kenny

Professor of public policy, University of Cambridge (United Kingdom)

Chair

Niall Quinn

Global head of institutional business, Pictet Asset Management (United Kingdom)

11:30am – 12:30pm

OPPORTUNITIES AFTER BREXIT

This session will take a deep dive into the future of Europe and the UK in a post-Brexit world, including the outlook for markets, the best investment opportunities and the implications for investors. It will explore how investors incorporate geopolitical risk into their investment decision making.

Pilar Gomez-Bravo

Director of fixed income, Europe, MFS Investment Management (United Kingdom)

Matti Leppälä

Secretary-general, chief executive, PensionsEurope (Belgium)

Nick Stanton

Head of multi-asset strategy, State of Wisconsin Investment Board (United States)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

12:30pm – 1:30pm

LUNCH

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

1:30pm – 2:30pm

TURNING POINTS: YESTERDAY’S WORLD AND TOMORROW’S

What can the geopolitical conflicts of the past teach us about the future? This session will examine key points in history, how China, the European Union and the US have survived, and what it means for the future.

Stephen Kotkin

Professor of history and international affairs, Princeton University (United States)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

2:30pm – 3:30pm

CHINA: OPPORTUNITIES AND THREATS

China is the world’s second-largest economy and is quickly transitioning from an investment-fuelled system to a consumption-led one with sustainable growth. Long-term themes such as SOE reforms, manufacturing upgrades, technological innovations and the rise of the middle class provide a plethora of investment opportunities. Similarly, market liberalisation has gradually brought opportunities in onshore equity and bond markets, enabling foreign investors to gain exposure to one of the largest bond and equity markets in the world. Despite these enticements, China remains largely under-represented in global portfolios. This session will look at the case for China, the investment opportunities it provides, and potential risks.

Remy Briand

Chair of index policy committee, MSCI (Switzerland)

Xingdong Chen

Professor, school of economics, Peking University; chief economist, China, BNP Paribas (China)

Hua Fan

Director, chief strategist, China Wealth Management 50 Forum (China)

Mark Walker

Chief investment officer, Coal Pension Fund Trustees (United Kingdom)

Chair

Bill Maldonado

Regional CIO for Asia, and global CIO for equities, HSBC (Hong Kong)

3:30pm – 4:00pm

AFTERNOON TEA

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

4:00pm – 5:15pm

THE CHALLENGES AND OPPORTUNITIES OF AN AGEING POPULATION

Around the world, the number of people over the age of 60 is expected to rise to 2.1 billion in 2050 and 3.1 billion in 2100. This session will address some of the key challenges and opportunities of an ageing population, including the impact on healthcare, healthcare real estate and housing, solutions for how to fund healthcare, and the role of data and technology.

Benjamin Davis

Chief executive, Octopus Healthcare (United Kingdom)

George Leeson

Director of the Oxford Institute of Population Ageing, University of Oxford (United Kingdom)

Nigel Sibley

Chief executive, Lifecare Residences (United Kingdom)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

5:30pm – 6:30pm

PUNTING ON THE RIVER CAM

At the conclusion of Day 2 of conference proceedings, we will walk as a group from King’s College to the punting wharf, for an evening punt along the River Cam. The river runs through the heart of Cambridge, enabling you to enjoy fantastic views of the world-famous Cambridge College ‘Backs’ from the comfort of a traditional Cambridge Punt.

King’s College Chapel, The Wren Library at Trinity College and the Bridge of Sighs are just some of the Cambridge landmarks you can expect to see during this 30-minute chauffeured punt tour. Enjoy spectacular views from the river while discovering how the city has evolved from mediaeval market town to world-class centre for education.

6:30pm – 9:30pm

OFFICIAL CONFERENCE DINNER

Corpus Christi Dining Hall
Cambridge University, Trumpington Street, Cambridge CB2 1RH

Delegates will walk from the punting to Corpus Christi College, where there will be drinks on the Old Court Lawn, the oldest enclosed court in Cambridge, followed by dinner in the dining hall at 7.00pm. Dinner will conclude at 9.30pm.

Corpus Christi Dining Hall

Corpus Christi College is a constituent college of the University of Cambridge. It is notable as the only college founded by Cambridge townspeople: the Guild of Corpus Christi and the Guild of the Blessed Virgin Mary established it in 1352, making it the sixth-oldest college in Cambridge.

Corpus has traditionally been one of the more academically successful colleges in the University of Cambridge. It also ranks among the wealthiest Cambridge colleges in terms of fixed assets, being exceptionally rich in silver. The college’s endowment was valued at £94.8 million at the end of June 2015 and its freehold land and buildings were valued at £118 million at the end of fiscal year 2013.

Day 3 – Tuesday – April 9

7:30am – 9:00am

INVESTOR-ONLY BREAKFAST

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

9:00am – 10:00am

BUILDING A CULTURE OF INNOVATION

How is innovation affecting investment management? What impact are developments in technology, fee structures, talent management and R&D having on investors? Where will alpha come from in the future, and how will investors meet their return expectations? This session will discuss how to create a culture of innovation and why it’s important to both asset owners and managers.

Martin Gilbert

Chief executive, Aberdeen Standard Investments (United Kingdom)

Susan Martin

Chief executive, Local Pension Partnership (United Kingdom)

Jean Michel

Chief investment officer, Investment Management Corporation of Ontario, (Canada)

Richard Williams

Chief investment officer, RPMI Railpen (United Kingdom)

Chair

Roger Urwin

Global head of investment content, Willis Towers Watson (United Kingdom)

10:00am – 10:45am

STRATEGIC, DYNAMIC AND TACTICAL ASSET ALLOCATION

Increasing efficiency within many asset markets has made alpha more difficult to find and extract. However, widely varying returns across different asset classes from year to year hint that alpha may still be available for investors willing to allocate tactically. In this session, investors who have built strategies to capture this source of return within a risk-centric framework will discuss the decision-making processes that support these tactical allocators and their results.

David Iverson

Head of asset allocation, New Zealand Super (New Zealand)

Wylie Tollette

Executive vice-president, client portfolio solutions, Franklin Templeton (United States)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

10:45am – 11:15am

MORNING TEA

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

11:15am – 12:00pm

A BROADER VIEW OF RISK MANAGEMENT

Global companies hold a variety of risks on their balance sheets. Their global nature and interconnectivities magnify risk events causing their impacts to cascade across an increasingly connected world and affect the international economy, financial markets, firms in financial sectors and global corporations. This session will present latest research in managing a company’s risks in aggregation that considers external threats and emerging risk geographies. Integrated risk assessment exemplars from retail sector companies will be referenced and will illustrate the value of a more expansive and integrated view of risk to allocators of capital.

Michelle Tuveson

Executive director, Centre for Risk Studies, University of Cambridge, Judge Business School (United Kingdom)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

12:00pm – 12:45pm

RISK MANAGEMENT – CASE STUDIES

This session will examine how three sophisticated institutional investors are approaching important elements of risk, including: organisational risk and the establishment of a risk culture; a framework for liquidity risk management; and portfolio allocations according to risk factors.

Samir Ben Tekaya

Vice-president and head of investment risk, British Columbia Investment (Canada)

Mads Gosvig

Vice president, portfolio construction, ATP (Denmark)

Arjen Pasma

Chief risk officer, PGGM (The Netherlands)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

12:45pm – 1:45pm

LUNCH

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

1:45pm – 2:30pm

CLIMATE CHANGE INTEGRATION

Through case studies, this session will examine how investors are incorporating climate-change risk into their portfolios and positioning for the opportunities in a carbon-free environment.

Salwa Boussoukaya-Nasr

Chief investment officer, Fonds de réserve pour les retraites (France)

Niklas Ekvall

Chief executive, AP4 (Sweden)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

2:30pm – 3:15pm

THE IMPORTANCE OF STRATEGIC PARTNERSHIPS

The relationship between asset owners and asset managers is fundamental to achieving the best investment outcomes. Through case studies, this session will examine how owners and managers are working together for innovative strategic opportunities.

Rachel Elwell

Chief executive, Border to Coast Pensions Partnership (United Kingdom)

Mark Mansley

Chief investment officer, Brunel Partnership (United Kingdom)

Mario Therrien

Senior vice-president, strategic relationships and external portfolio management, public markets, Caisse de dépôt et placement du Québec (Canada)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

3:15pm – 3:45pm

Tea Break

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

3:45pm – 5:00pm

CYBER RISK

What is the risk to the financial services industry of technological disasters and computer security failures or accidents? In this highly interactive session, experts will show delegates the risks and present short- and long-term methods for improving securities.

Jaya Baloo

Chief information security officer, KPN Telecom; faculty, Singularity University (the Netherlands)

Eireann Leverett

Senior risk researcher, centre for risk studies, University of Cambridge (United Kingdom)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

5:00pm

CONFERENCE CLOSE

Day 1 – Sunday – April 7

11:00am – 1:00pm

WALKING TOUR OF THE UNIVERSITY OF CAMBRIDGE

Gather in the lobby of the DoubleTree (Granta Place, Mill Lane, Cambridge CB2 1RT), where our guides will meet us. The tour will finish at 1.00pm at King’s College, where conference registration will take place.

The walking tour will include an introduction to Cambridge, the university and colleges, and a discussion of the architecture, history, discoveries and developments of the town and university. We will also experience some of the flavour of student life.

Onsite contact for the tour:

Bree Napier
[email protected]financial.com.au
+61 451 946 311

1:00pm – 1:30pm

LIGHT LUNCH AND REGISTRATION

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

Arrival tea/coffee, light lunch and registration at 1.00pm.
The first session commences at 1.30pm and concludes at 5.45pm.

1:30pm – 1:45pm

WELCOME

The Hall, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

Colin Tate

Chief executive, Conexus Financial (Australia)

1:45pm – 2:30pm

SUSTAINABLE FINANCE UPDATE: THE IMPORTANCE OF POLICY

Investors have realised the importance of influencing policy in the advancement of sustainable investing, and this session will look at the collaborative work being done all over the world by policymakers and institutional investors. Specifically, it will examine the work done by the European Commission in obligating asset owners and managers to disclose how they integrate ESG factors into their risk-management processes. It is the first fiduciary duty in law that explicitly includes ESG. The session will examine the influence of institutional investors on policy thus far and how they can collaborate for further change.

Includes table discussion

Sven Gentner

Head of unit for asset management, the European Commission’s directorate-general for financial stability, financial services and capital markets union (Belgium)

Claudia Kruse

Head of sustainability, APG (The Netherlands)

Will Martindale

Director of policy and research, Principles for Responsible Investment (United Kingdom)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

2:30pm – 3:05pm

WHAT DOES SUSTAINABILITY REALLY MEAN?

How does an organisation behave if it is to be truly sustainable? What is operational sustainability, and how does this play out around people management and remuneration? What administrative principles ensure longevity? How does one invest sustainably and put capital to work?

Brett Himbury

Chief executive, IFM Investors (Australia)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

3:05pm – 3:30pm

AFTERNOON TEA

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

3:30pm – 4:30pm

LONG-TERM INVESTING – A PRACTICAL GUIDE

It has been well acknowledged that behaviours with a short-term focus exist all through the investment value chain. In this session, investors will hear some practical takeaways for how to think and act long term and hold their service providers to account on long-term risk behaviours and measures.

Includes table discussion

Philip Edwards

Chief executive, Ricardo Research (United Kingdom)

Jaap Van Dam

Principal director, investment strategy, PGGM (The Netherlands)

Sarah Williamson

Chief executive, Focusing Capital on the Long Term (United States)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

4:30pm – 5:30pm

IMPLEMENTING SDGS

What is the best way of implementing the Sustainable Development Goals (SDGs), in investment portfolios? This session will explore case studies of investors who have made the SDGs part of their investment process.

Niina Bergring

Chief investment officer, Veritas Pensionforsakring (Finland)

Nick Robins

Professor in practice for sustainable finance, Grantham Research Institute on Climate Change and the Environment (United Kingdom)

Alexandra West

Group Executive of Employers and Investment, Cbus Super (Australia)

Daniel Wild

Co-chief executive, RobecoSAM (The Netherlands)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

5:30pm – 6:30pm

Welcome drinks

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

Delegates will have the opportunity to enjoy drinks immediately following Day 1 of the symposium.

Day 2 – Monday – April 8

8:00am – 8:30am

REGISTRATION

The Hall, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

8:30am – 8:45am

WELCOME

The Hall, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

Colin Tate

Chief executive, Conexus Financial (Australia)

8:45am – 9:30am

IMPLICATIONS OF THE ONGOING WITHDRAWAL OF LIQUIDITY

For nearly a decade, aggressive monetary stimulation by the world’s central banks produced good growth and one of the best runs for a typical portfolio in a hundred years. Then, last year, the withdrawal of that liquidity was the dominant force that drove nearly every asset class in the world negative in 2018. The ongoing retraction of liquidity will continue to exert downward pressure on markets and, increasingly, growth. We believe that we have entered the late stage of the liquidity cycle, when central bank tightening tends to cause assets broadly to underperform and ultimately leads to a downturn in the economy that requires easing, which begets the next cycle. That downturn, whenever it comes, will carry unique risks. Central banks have limited ability to ease, and growing populism and political divisions will impede effective policy action. This session will address how to expect things to play out in this environment and what investors can do to protect themselves.

Greg Jensen

Co-chief investment officer, Bridgewater Associates (United States)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

9:30am – 10:15am

FAILURES IN ECONOMIC GOVERNANCE AND IMPLICATIONS FOR INVESTORS

Is international finance to be welcomed as a way of ensuring resources are used efficiently or denigrated as a source of instability and crisis? The accepted answer to this question has changed over time and has provoked deep political controversy. The answer before the First World War was that capital movements were beneficial, creating a dynamic and stable economy. But the answer shifted between the wars, as capital flows seemed to be destabilising. This view was embodied in the Bretton Woods agreement of 1944, before the common wisdom changed again after 1971, with a new stress on financial liberalisation. This lecture considers why these marked changes have occurred over the last 100 years, and reflects on the lessons of history from the financial crisis of 2008.

Martin Daunton

Emeritus professor of economic history, University of Cambridge (United Kingdom)

Chair

Stephen Kotkin

Professor of history and international affairs, Princeton University (United States)

10:15am – 10:45am

MORNING TEA

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

10:45am – 11:30am

GEOPOLITICS – BREXIT AND EUROPE

This session will look at some of the roots of the economic turbulence and political disruption that characterise Western politics today and which underpinned support for Brexit in the UK. It will consider the probable political and economic trajectory of the UK after Brexit and explore other, even more pressing, challenges facing the core countries of the EU and the eurozone – notably the possibility of an economic crisis in Italy, the impact of nationalist and populist politics across Europe, and the instability associated with the geopolitical behaviour of Russia and the US. It will ask if there is too much focus on short-term political risks and not enough attention on the changing geopolitical and economic environment in which European economies now operate.

Mike Kenny

Professor of public policy, University of Cambridge (United Kingdom)

Chair

Niall Quinn

Global head of institutional business, Pictet Asset Management (United Kingdom)

11:30am – 12:30pm

OPPORTUNITIES AFTER BREXIT

This session will take a deep dive into the future of Europe and the UK in a post-Brexit world, including the outlook for markets, the best investment opportunities and the implications for investors. It will explore how investors incorporate geopolitical risk into their investment decision making.

Pilar Gomez-Bravo

Director of fixed income, Europe, MFS Investment Management (United Kingdom)

Matti Leppälä

Secretary-general, chief executive, PensionsEurope (Belgium)

Nick Stanton

Head of multi-asset strategy, State of Wisconsin Investment Board (United States)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

12:30pm – 1:30pm

LUNCH

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

1:30pm – 2:30pm

TURNING POINTS: YESTERDAY’S WORLD AND TOMORROW’S

What can the geopolitical conflicts of the past teach us about the future? This session will examine key points in history, how China, the European Union and the US have survived, and what it means for the future.

Stephen Kotkin

Professor of history and international affairs, Princeton University (United States)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

2:30pm – 3:30pm

CHINA: OPPORTUNITIES AND THREATS

China is the world’s second-largest economy and is quickly transitioning from an investment-fuelled system to a consumption-led one with sustainable growth. Long-term themes such as SOE reforms, manufacturing upgrades, technological innovations and the rise of the middle class provide a plethora of investment opportunities. Similarly, market liberalisation has gradually brought opportunities in onshore equity and bond markets, enabling foreign investors to gain exposure to one of the largest bond and equity markets in the world. Despite these enticements, China remains largely under-represented in global portfolios. This session will look at the case for China, the investment opportunities it provides, and potential risks.

Remy Briand

Chair of index policy committee, MSCI (Switzerland)

Xingdong Chen

Professor, school of economics, Peking University; chief economist, China, BNP Paribas (China)

Hua Fan

Director, chief strategist, China Wealth Management 50 Forum (China)

Mark Walker

Chief investment officer, Coal Pension Fund Trustees (United Kingdom)

Chair

Bill Maldonado

Regional CIO for Asia, and global CIO for equities, HSBC (Hong Kong)

3:30pm – 4:00pm

AFTERNOON TEA

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

4:00pm – 5:15pm

THE CHALLENGES AND OPPORTUNITIES OF AN AGEING POPULATION

Around the world, the number of people over the age of 60 is expected to rise to 2.1 billion in 2050 and 3.1 billion in 2100. This session will address some of the key challenges and opportunities of an ageing population, including the impact on healthcare, healthcare real estate and housing, solutions for how to fund healthcare, and the role of data and technology.

Benjamin Davis

Chief executive, Octopus Healthcare (United Kingdom)

George Leeson

Director of the Oxford Institute of Population Ageing, University of Oxford (United Kingdom)

Nigel Sibley

Chief executive, Lifecare Residences (United Kingdom)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

5:30pm – 6:30pm

PUNTING ON THE RIVER CAM

At the conclusion of Day 2 of conference proceedings, we will walk as a group from King’s College to the punting wharf, for an evening punt along the River Cam. The river runs through the heart of Cambridge, enabling you to enjoy fantastic views of the world-famous Cambridge College ‘Backs’ from the comfort of a traditional Cambridge Punt.

King’s College Chapel, The Wren Library at Trinity College and the Bridge of Sighs are just some of the Cambridge landmarks you can expect to see during this 30-minute chauffeured punt tour. Enjoy spectacular views from the river while discovering how the city has evolved from mediaeval market town to world-class centre for education.

6:30pm – 9:30pm

OFFICIAL CONFERENCE DINNER

Corpus Christi Dining Hall
Cambridge University, Trumpington Street, Cambridge CB2 1RH

Delegates will walk from the punting to Corpus Christi College, where there will be drinks on the Old Court Lawn, the oldest enclosed court in Cambridge, followed by dinner in the dining hall at 7.00pm. Dinner will conclude at 9.30pm.

Corpus Christi Dining Hall

Corpus Christi College is a constituent college of the University of Cambridge. It is notable as the only college founded by Cambridge townspeople: the Guild of Corpus Christi and the Guild of the Blessed Virgin Mary established it in 1352, making it the sixth-oldest college in Cambridge.

Corpus has traditionally been one of the more academically successful colleges in the University of Cambridge. It also ranks among the wealthiest Cambridge colleges in terms of fixed assets, being exceptionally rich in silver. The college’s endowment was valued at £94.8 million at the end of June 2015 and its freehold land and buildings were valued at £118 million at the end of fiscal year 2013.

Day 3 – Tuesday – April 9

7:30am – 9:00am

INVESTOR-ONLY BREAKFAST

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

9:00am – 10:00am

BUILDING A CULTURE OF INNOVATION

How is innovation affecting investment management? What impact are developments in technology, fee structures, talent management and R&D having on investors? Where will alpha come from in the future, and how will investors meet their return expectations? This session will discuss how to create a culture of innovation and why it’s important to both asset owners and managers.

Martin Gilbert

Chief executive, Aberdeen Standard Investments (United Kingdom)

Susan Martin

Chief executive, Local Pension Partnership (United Kingdom)

Jean Michel

Chief investment officer, Investment Management Corporation of Ontario, (Canada)

Richard Williams

Chief investment officer, RPMI Railpen (United Kingdom)

Chair

Roger Urwin

Global head of investment content, Willis Towers Watson (United Kingdom)

10:00am – 10:45am

STRATEGIC, DYNAMIC AND TACTICAL ASSET ALLOCATION

Increasing efficiency within many asset markets has made alpha more difficult to find and extract. However, widely varying returns across different asset classes from year to year hint that alpha may still be available for investors willing to allocate tactically. In this session, investors who have built strategies to capture this source of return within a risk-centric framework will discuss the decision-making processes that support these tactical allocators and their results.

David Iverson

Head of asset allocation, New Zealand Super (New Zealand)

Wylie Tollette

Executive vice-president, client portfolio solutions, Franklin Templeton (United States)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

10:45am – 11:15am

MORNING TEA

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

11:15am – 12:00pm

A BROADER VIEW OF RISK MANAGEMENT

Global companies hold a variety of risks on their balance sheets. Their global nature and interconnectivities magnify risk events causing their impacts to cascade across an increasingly connected world and affect the international economy, financial markets, firms in financial sectors and global corporations. This session will present latest research in managing a company’s risks in aggregation that considers external threats and emerging risk geographies. Integrated risk assessment exemplars from retail sector companies will be referenced and will illustrate the value of a more expansive and integrated view of risk to allocators of capital.

Michelle Tuveson

Executive director, Centre for Risk Studies, University of Cambridge, Judge Business School (United Kingdom)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

12:00pm – 12:45pm

RISK MANAGEMENT – CASE STUDIES

This session will examine how three sophisticated institutional investors are approaching important elements of risk, including: organisational risk and the establishment of a risk culture; a framework for liquidity risk management; and portfolio allocations according to risk factors.

Samir Ben Tekaya

Vice-president and head of investment risk, British Columbia Investment (Canada)

Mads Gosvig

Vice president, portfolio construction, ATP (Denmark)

Arjen Pasma

Chief risk officer, PGGM (The Netherlands)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

12:45pm – 1:45pm

LUNCH

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

1:45pm – 2:30pm

CLIMATE CHANGE INTEGRATION

Through case studies, this session will examine how investors are incorporating climate-change risk into their portfolios and positioning for the opportunities in a carbon-free environment.

Salwa Boussoukaya-Nasr

Chief investment officer, Fonds de réserve pour les retraites (France)

Niklas Ekvall

Chief executive, AP4 (Sweden)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

2:30pm – 3:15pm

THE IMPORTANCE OF STRATEGIC PARTNERSHIPS

The relationship between asset owners and asset managers is fundamental to achieving the best investment outcomes. Through case studies, this session will examine how owners and managers are working together for innovative strategic opportunities.

Rachel Elwell

Chief executive, Border to Coast Pensions Partnership (United Kingdom)

Mark Mansley

Chief investment officer, Brunel Partnership (United Kingdom)

Mario Therrien

Senior vice-president, strategic relationships and external portfolio management, public markets, Caisse de dépôt et placement du Québec (Canada)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

3:15pm – 3:45pm

Tea Break

The Marquee, King’s College
University of Cambridge, King’s Parade, Cambridge CB2 1ST

3:45pm – 5:00pm

CYBER RISK

What is the risk to the financial services industry of technological disasters and computer security failures or accidents? In this highly interactive session, experts will show delegates the risks and present short- and long-term methods for improving securities.

Jaya Baloo

Chief information security officer, KPN Telecom; faculty, Singularity University (the Netherlands)

Eireann Leverett

Senior risk researcher, centre for risk studies, University of Cambridge (United Kingdom)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

5:00pm

CONFERENCE CLOSE