9:00am – 9:05am
Overview – Wednesday – September 15
9:05am – 9:30am
Rates, regulation and redistribution are all increasing. Are investors entering a new regime of higher inflation and volatility? What impact does this environment have on valuations, particularly as central banks reduce their influence? What investment style is most conducive to this market regime?
Investor response: Brad Bugg, Head of multi-asset portfolio management, Morningstar
9:30am – 9:55am
A capital allocator’s dilemma in a zero-yield world with higher inflation is how to construct a robust, balanced portfolio that can also withstand equity-market sell-offs.
Investor response: Chris Worthington, Senior investment strategist, asset allocation, New Zealand Super
9:55am – 10:20am
Alternative strategies can be incredibly useful as a flexible tool to solve risk and return problems, but they are largely under utilised by asset owners in Australia. Alternative strategies form a key part of the Future Fund’s portfolio toolkit. This session will examine how the use of hedge funds and alternative strategies has evolved over time for Australia’s sovereign wealth fund.
10:20am – 10:50am
Market inefficiencies can erupt due to temporary supply and demand imbalances, regulation, information asymmetries and market psychology among other reasons. This session explores how to exploit these opportunities in a market-neutral manner.
Investor response: Rishab Sethi, Manager, external investments, New Zealand Super
10:50am – 11:20am
Managing a portfolio during a bull run is easy. The challenge comes in protecting clients during severe market downturns. What does the design and implementation of portfolios that can withstand market surprises look like?
Investor response: Robert Graham-Smith, Senior investment manager - alternatives, Colonial First State
11:20am – 11:45am
Prior to joining Blackstone, Joe Dowling led Brown University’s endowment fund, as chief executive and previously a chief investment officer. Over trailing three, five, and 10-year periods, Brown endowment is placed in the top ventile of its peers, according to data maintained by Cambridge Associates. This session will draw on his experience to discuss the lessons learned for using hedge funds to enhance long-term risk-adjusted return.
11:45am – 12:05pm
As the role of bonds as a diversifier dwindles, what are the alternatives? This session looks at the replacements for bond strategies including volatility strategies, and the benefits and challenges associated with this path.
12:05pm – 12:25pm
The Your Future Your Super (YFYS) reforms challenge the use of absolute return funds. In this exclusive keynote David Bell, executive director of The Conexus Institute, will release new research on how funds can not only live with the YFYS performance test, but demonstrate a pathway forward which is consistent with asset owner best practice, namely total portfolio management.
12:25pm – 1:00pm
The Your Future Your Super reforms have created challenges for absolute return funds. This session will cover the impact from the suggested benchmarking to passive indices reforms and the unintended consequences. It will look at how industry is facing into these challenges and what the path ahead for the asset class looks like.
Investor response: Kevin Wan Lum, Deputy chief investment officer, LGIAsuper