Aspect Capital is a London-based investment manager managing more than US$6billion ($7.6 billion) in a range of systematic investment programs. It applies a quantitative approach to investment management, with the aim of generating high-quality and diversifying alpha for its clients' portfolios. Aspect was established in 1997 by Anthony Todd, Martin Lueck, Michael Adam and Eugene Lambert and is managed by a senior team with extensive experience in the development and implementation of systematic investment strategies. Aspect employs a team of over 130 professionals and invests heavily in the research-driven evolution of its quantitative alpha-generating systems and their efficient implementation across a wide range of liquid asset classes.
Website | www.aspectcapital.com
Chief executive, Aspect Capital
Todd co-founded Aspect in September 1997 and is the chief executive officer of Aspect. Todd’s responsibilities include taking board level responsibility for both the oversight of market, model and operational risks and business development. Todd chairs the risk management committee which assumes overall responsibility for the operation of aspect’s investment programmes, and is a member of the investment management committee, which is responsible for setting and overseeing the broad strategic agenda for the aspect diversified programme and its modified implementations. Before establishing Aspect, Todd worked for five years (from March 1992 to October 1997) at Adam, Harding and Lueck Limited (AHL) initially as director of financial engineering and product development, before moving to Switzerland as director of marketing and institutional sales. Prior to this role, Todd was a strategy consultant at Mars & Co., a Paris based consultancy, from September 1990 to March 1992. From July 1989 to July 1990, Todd studied at INSEAD in France, and from September 1982 to June 1989 he was with UBS, an international investment bank, in London as assistant director in the International Government Bond Group. Todd holds a B.A. in Physics from Oxford University and an M.B.A. from INSEAD in France.
Thursday 11:45am Alpha is not absolute: the commoditisation of alpha
Cheyne Capital is one of Europe’s leading alternative investment fund managers and was established in 2000. It has a total staff of 132 and approximately $5 billion of net assets under management. Jonathan Lourie (chief executive) and Stuart Fiertz (president) founded Cheyne after working together for nine years at Morgan Stanley. The investment management company is based in London. Cheyne invests across the capital structure from senior debt to the equity of corporates and real estate. With an investment philosophy grounded in rigorous fundamental analysis, the firm’s main areas of expertise are real estate debt, social property impact, corporate credit, event driven, convertible bonds and equities. Each of the contiguous business areas is run by portfolio managers whom Cheyne believes to be best-of-breed, supported by teams of experts seasoned in their fields. Cheyne’s investment professionals are able to focus purely on investing due to the support of a robust institutionalised infrastructure.
President, Cheyne Capital
Fiertz is the co-founder of Cheyne Capital. The London-based alternative asset management firm, which was founded in 2000, is active in direct real estate lending, social property impact, corporate credit, convertible bonds, event-driven investments and long/short equities. From 1991 to 2000, Fiertz worked for Morgan Stanley in London, where he was responsible for the development and implementation of customised portfolio strategies, and for credit research in the convertible bond management practice. Prior to this, he was an equity analyst for the Value Line Investment Survey from 1984 to 1986. He was a high-yield credit analyst at Merrill Lynch from 1986 to 1988, and at Lehman Brothers from 1988 to 1990. He is a board member at the Chartered Financial Analyst Society of the UK, a council director of the Alternative Investment Management Association (AIMA), chairman of the AIMA alternative credit council and a founder of the Hedge Fund Standards Board. Fiertz was educated at the International School of Geneva and Dartmouth College, where he was awarded a bachelor of arts degree in political science and economics in 1984. He is a Chartered Financial Analyst charterholder and a Chartered Alternative Investment Analyst.
Thursday 3:50pm Extracting credit premia via credit default swaps
With more than 2000 people worldwide and a presence in 19 countries, Columbia Threadneedle Investments is a leading global asset management group that provides a broad range of actively managed investments across equities, fixed interest, multi-asset and alternative strategies. The group manages $611 billion (including the combined assets under management of the Columbia and Threadneedle group of companies as at March 31, 2017) on behalf of individuals and institutional clients. It is the global asset management group of Ameriprise Financial (NYSE: AMP), a leading US-based financial services provider with a 120-year history. As part of Ameriprise, we are supported by a large and well-capitalised diversified financial services firm.
Head of institutional sales and product development, Asia-Pacific, head of Australia, Columbia Threadneedle Investments
Allen has worked for Columbia Threadneedle Investments since 2010 and is a board member of Threadneedle Investments Singapore. He has experience in distribution and asset ownership globally. He has previously held various senior roles at Prudential Asset Management and Royal Sun Alliance Investments in Singapore, London, Hong Kong and Dubai. He has also started two alternative investment companies targeting institutional and family office clients. In total, he has more than 25 years of asset management experience. He earned a bachelor’s degree in economics from the University of Western Australia.
Thursday 2:35pm What is the role of a multi-asset fund in the total portfolio?
CQS is a credit-focused, multi-strategy asset manager. Founded in 1999, CQS is headquartered in London and has a presence in key global markets. Its approach is centred on fundamental analysis to identify absolute and relative value across corporate capital structures and asset classes. This fundamental research combines with active investment management to create value for its investors. It launched its first strategy in March 2000 and now manages alternative, long-only and bespoke mandates for institutional investors globally. Its robust operations and risk-management platform provide all client mandates with liquidity management and risk monitoring, enabling its investment professionals to be nimble and effective in all market environments. CQS is regulated by the Financial Conduct Authority in the United Kingdom, the Securities and Futures Commission in Hong Kong and the Australian Securities and Investments Commission. It is registered with the Securities and Exchange Commission in the United States and has a presence in the Channel Islands, Cayman Islands and Luxembourg.
ELC is a London-based alternative investment firm specialising in investments across the credit spectrum globally. It has a seasoned team with decades of experience in global credit and structured credit markets. ELC’s core focus centres on investing in global structured credit markets. Modelling and technology are integral to the investment process at ELC, and the investment team works closely with the firm’s risk-management and IT departments to enhance the firm’s approach to evaluating complex securities. The ELC Credit Opportunities Fund launched in April 2014 and invests across the credit spectrum with a focus on global structured credit and European direct lending markets. Since inception, the fund has focused on Europe. ELC has a global investor base consisting of both institutional investors and high-net-worth families. Maintaining strong and consistent lines of communication with investors is one of the core tenets of the firm’s philosophy.
Website | www.eastlodgecapital.com
Chief investment officer and chief executive, East Lodge Capital
Lumsden chairs ELC’s investment committee and is a member of the firm’s management committee and risk management committee. He has more than 26 years of investment experience and is responsible for overseeing all investment decisions for the firm. Prior to founding ELC, Lumsden was CIO for asset-backed securities at CQS and a member of CQS’s executive committee and risk management committee. While there, he established the firm’s global asset-backed securities business, for which he built an 11-person team and oversaw $3.2 billion in assets, including the $2.3 billion CQS ABS Fund and about $900 million in custom mandates for institutional investors. Prior to his time at CQS, he was an executive director and senior asset manager of the Vehicle Management Group at Rabobank International, where he was a founding member of a three-person management team responsible for structuring, launching and running a third-party structured investment vehicle called Tango. He helped build Tango into a $10 billion business before leaving to join CQS in 2006. Lumsden began his career at Abbey National Treasury Services in 1993, where he was responsible for developing the firm’s US subprime strategy, and later took over management of global mortgage products and other ABS strategies, a $15 billion business. Lumsden has earned a bachelor’s degree in business and management studies (first-class honours) from the University of Bradford, in England.
Thursday 4:30pm Blending alternatives to create an absolute return
IFM Investors is one of the few truly aligned global fund managers in the world, with more than A$93 billion in assets under management (as at July 31, 2017) across infrastructure, debt investments, listed equities and private equity. Along with our owners – 28 pension funds – and other like-minded investors, we believe in the power of bold, long-term and sustainable investment commitments and strategies aiming to deliver results that ultimately enhance people’s retirement outcomes. We invest on behalf of like-minded institutions globally, including superannuation and pension funds, sovereign wealth funds, insurers, endowments, foundations and universities. With offices in London, New York, Berlin, Tokyo, Sydney and Hong Kong, along with the head office in Melbourne, IFM Investors has one singular purpose – the prosperity of investors and their members. IFM is a responsible investor and has been a signatory to the United Nations-supported Principles for Responsible Investment since 2008.
Part of Macquarie Group, Macquarie Investment Management is a conviction-based, long-term global asset manager with offices throughout Australia, Asia, Europe and the United States. The firm offers strategies across a range of asset classes including listed equities, fixed interest and liquid alternatives, which are managed both by specialist in-house Macquarie investment teams and Macquarie Professional Series managers. As at March 31, 2017, Macquarie Investment Management was managing more than $300 billion on behalf of clients.
Website | www.macquarie.com/investment-management
Newton is a global investment management firm, using big thematic ideas about the long-term investment landscape to create and manage strategies that help secure clients’ futures. We think on a worldwide basis, with our single London-based investment team working collaboratively across asset classes and regions, and have particular expertise in absolute-return, income-focused and unconstrained investing. We build solutions to meet the real-world challenges of our clients, and we manage them responsibly in the broadest sense – through embedding environmental, social and governance considerations and engaging on issues that affect our clients. Those clients are based around the world and include public and private-sector pension funds, corporations and charities. With offices in London and New York, we have $93.4 billion under management (as at June 30, 2017). News and other information about Newton is available on the website and at Twitter: @NewtonIM
Website | www.newtonim.com.au
Portfolio manager, real return, Newton Investment Management
Pataki is a global portfolio manager and risk strategist for the real return portfolios, with a particular focus on the use of derivatives and hedging. He is also the lead manager on the Euro real return strategy. Aron joined Newton in 2006 as a member of the portfolio analytics team, where he was responsible for risk analysis and portfolio construction across Newton’s institutional and retail portfolios. Previously, he worked as a quantitative analyst at Lacima Group.
Thursday 1:45pm Absolute returns or absolute rubbish?
Shed Enterprises was founded by Sheridan Lee in 1996. It is a third-party marketing company specialising in the representation of predominantly off-shore, style-diversified fund managers to the wholesale Australia and New Zealand investment community. Shed establishes, develops and manages close business relationships between international clients and a local network of institutional investors. Its client base includes Adrian Lee & Partners, Adveq Management, GAM, Och-Ziff Capital Management, Northleaf Capital Partners and McKinley Capital Management. The company obtained its Australian Financial Services licence in 2007. It is based in Sydney and has six full-time employees.
Website | www.shed-ent.com.au
Vinva Investment Management is a specialist Asia Pacific equities manager. The firm manages investments for clients ranging from active long-only Australian equities to long-short and market neutral strategies.
It launched its first strategy, Vinva Australian Equity Market Neutral Fund, in December 2010. As at June 30, 2017, Vinva managed more than $23 billion on behalf of 60 institutional clients, $6 billion of which is in long-short strategies. The company is privately owned and has 21 employees with 12 in its investment team. Its investment team shares a common investment philosophy and approach and its members have worked together for well over a decade with a proven long-term track record. Its vision is to be an asset management firm of institutional quality with minimal distractions, and with a strong alignment of interest with its clients. It focuses its efforts in three main areas that it believes are necessary for success: investment management, client relationships and risk management.
Website | www.vinva.com
LinkedIn | www.au.linkedin.com/company/vinva-investment-management
William Blair is committed to building enduring relationships with its clients and providing expertise and solutions to meet their evolving needs. It works closely with private and public pension funds, insurance companies, endowments, foundations, sovereign wealth funds, high-net-worth individuals and families, as well as financial advisers. It is 100 per cent active-employee-owned with broad-based ownership. Its investment teams are solely focused on active management and employ disciplined, analytical research processes across a wide range of strategies, including US equity, non-US equity, fixed income, multi-asset and alternatives. As of March 31, 2017, William Blair was managing $89 billion in assets. It is based in Chicago with an investment management office in London and service offices in Zurich and Sydney. William Blair Investment Management and the investment management division of William Blair & Company are collectively referred to as "William Blair".
Partner and head of the dynamic allocation strategies team, William Blair
Singer is the head of the Dynamic Allocation Strategies (DAS) team, on which he also serves as a portfolio manager. In this role, Brian shares with Thomas Clarke ultimate responsibility for strategy setting and portfolio construction across all DAS portfolios. Before joining William Blair in 2011, Brian was the head of investment strategies at Singer Partners, LLC. Before that, he was the head of Global Investment Solutions and the Americas chief investment officer for UBS Global Asset Management, where he was a member of the UBS Group managing board and global asset management executive committee. Brian is extensively involved with the CFA Institute. He is a member of the CFA Society of Chicago and a member of the CFA Institute Research Foundation Board of Regents. In 2015, he received the CFA Institute’s Distinguished Service Award, which recognizes CFA members who have made a significant contribution to the CFA Institute through their leadership, exceptional stewardship, and outstanding service. He formerly served as a board member and chair of the CFA Institute board of governors. Brian has written extensively on global portfolio, currency, and performance issues and co‐wrote the seminal Determinants of Portfolio Performance II: An Update with Gary Brinson and Gilbert Beebower. In 2009 he was the lead author of Investment Leadership and Portfolio Management, Wiley Publishing. In 2015, Brian was inducted into the Performance and Risk Management Hall of Fame by The Spaulding Group. Brian serves on the endowment investment committee for Exeter College at Oxford University; he is chairman of the “Free to Choose Network,” which is inspired by the ideas of economist Milton Friedman; and he serves as a member of the Rehabilitation Institute of Chicago Foundation’s board. Education: B.A., economics, Northwestern University; M.B.A., University of Chicago’s Booth School of Business.