Overview – Wednesday – September 15

9:00am – 9:05am

Welcome

9:05am – 9:30am

Managing long duration assets in a new market regime

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

Atul Lele

Portfolio strategist, Bridgewater Associates

Chair

Colin Tate AM

Chief executive, Conexus Financial

9:30am – 9:55am

The great inflation debate: Stagflation or disinflationary boom?

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

Aron Pataki

Portfolio manager, Newton Investment Management

Chair

Colin Tate AM

Chief executive, Conexus Financial

9:55am – 10:20am

Building a modular approach to risk: The Future Fund as a case study

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.

Ben Samild

Deputy chief investment officer, portfolio strategy, Future Fund

Chair

Amanda White

Director of institutional content, Conexus Financial

10:20am – 10:50am

Structural imbalances, market inefficiencies and relative value

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

Gopi Karunakaran

Co-chief investment officer, Ardea Investment Management

Matthew Piselli

Executive director, FORT L.P.

Chair

Amanda White

Director of institutional content, Conexus Financial

10:50am – 11:20am

Portfolio construction: Temporal inefficiencies, volatility and capturing tails

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

Steve Cain

Portfolio manager, Janus Henderson

Vimal Gor

Head of bond, income and defensive strategies, Pendal

Chair

David Bell

Executive director, Conexus Institute

11:20am – 11:45am

Lessons from endowment investing in alternatives

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.

Joe Dowling

Global co-head, BAAM

Chair

Amanda White

Director of institutional content, Conexus Financial

11:45am – 12:05pm

Portfolio construction and the role of tail risk

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.

Paul Britton

Founder and chief executive, Capstone Investment Advisors

Chair

Colin Tate AM

Chief executive, Conexus Financial

12:05pm – 12:25pm

Alternatives and YFYS: The path forward for institutional asset owners and investment managers

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.

David Bell

Executive director, Conexus Institute

Chair

Colin Tate AM

Chief executive, Conexus Financial

12:25pm – 1:00pm

Can alternatives justify a seat at the table? Alternatives and YFYS, the path forward

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

Travis Schoenleber

Managing director, head of hedge funds Australia and New Zealand, Cambridge Associates

Courtney Wilder

Head of alternative investment research, JANA

Kylie Willment

Chief investment officer, Mercer

Chair

David Bell

Executive director, Conexus Institute

1:00pm

Conference close