Overview – Tuesday – July 24

10:00am – 12:00pm

TRANSFER FROM MELBOURNE AIRPORT AND MELBOURNE CBD TO HEALESVILLE

12:00pm – 12:30pm

REGISTRATION AND LUNCH

12:30pm – 12:40pm

WELCOME

12:40pm – 1:30pm

A MOMENT OF TRUTH: FISCAL DREAMS AND THE MACRO REALITY

Has the moment of truth arrived for the secular bond bull market? As central banks begin to implement quantitative tightening to offset increasing fiscal stimulus and prospects for inflation, what are the unintended consequences?

Charlie Jamieson

Chief investment officer, Jamieson Coote Bonds

Gwion Moore

Executive manager, investment strategy and advice, Suncorp

Chair

Scott Rissman

Director, overlay solutions, global liquid strategies, QIC

1:30pm – 2:00pm

UNDERSTANDING THE DEVELOPING CHINESE DEBT MARKETS

China’s new Bond Connect initiative will allow foreign managers to trade agency and corporate debt without having to set up onshore accounts. With the expected inclusion of China in bond indices this year, how should investors view this opportunity?

Susan Buckley

Managing director, global liquid strategies, QIC

Chair

Dianna Enlund

Director, Head of Australia, Allianz Global Investors

2:00pm – 2:45pm

CAPTURING YIELD AND UNDERSTANDING CURRENCY IN EMERGING MARKETS

Emerging-market debt has received a surge of capital. Is this recent behaviour reflective of complacency towards risk or improved EM fundamentals? Should EM investors now use an unconstrained approach and are there perceptions that they need to revisit?

Paul Lukaszewski

Head of Asian corporate debt and emerging market credit research, Aberdeen Standard Investments

Michael Conelius

Portfolio manager, fixed income, T. Rowe Price

Angus Nicholson

Investment strategist, AMP Capital Investors

Chair

Chris Baker

Principal, Mercer

2:45pm – 3:15pm

AFTERNOON TEA

3:15pm – 3:55pm

THE RETURN SPECTRUM OF PRIVATE DEBT STRATEGIES

The issuance of US cov-lite loans hit another record as investors look for yield – but at what cost?. How should asset owners contrast the Australian versus global private debt opportunities – trading-off capital preservation, liquidity, and credit risk for returns?

Bob Sahota

Managing director and chief investment officer, Revolution Asset Management

Chair

Amanda White

Director of institutional content and editor of top1000funds.com, Conexus Financial

3:55pm – 4:30pm

AUSTRALIAN MID-MARKET LOANS – ACCESSING A NEW ASSET CLASS

Funding and regulatory pressures on the Big 4 Australian banks have the potential to open up a previously unavailable asset class to investors. What impact will the regulatory changes to the NSFR and LCR have on the banks and strategies for traditional fixed income investors?

Hamish Nicol

director, private capital markets, National Australia Bank

Gary Stead

Managing director, HPS Investment Partners

Mark Wang

Head of global private asset group, Commonwealth Bank of Australia

Chair

Melda Donnelly

Investment committee, HESTA

4:30pm – 5:30pm

CAN FIXED INCOME BE USED TO HEDGE EQUITY RISK?

Can you rely on your fixed income allocation as a hedge against an equity-market downturn – assuming the trigger is not from debt markets? During such stress, what sectors, durations and bonds are most likely to cushion losses?

James Blair

Investment director, Fixed Income, Capital Group

Peter Farac

Portfolio manager, Pendal Group

Debbie Saunders

Principal adviser, Whitehelm Capital

John Woods

Portfolio manager, MLC

Chair

Amanda White

Director of institutional content and editor of top1000funds.com, Conexus Financial

5:30pm

EVENT CLOSE

6:30pm – 9:30pm

CONFERENCE DINNER – OAKRIDGE WINERY

Day 2 – Wednesday – July 25

7:30am – 8:45am

INVESTOR ONLY BREAKFAST

8:50am – 9:00am

WELCOME

9:00am – 10:10am

A SPECIAL CONVERSATION: MACRO AND MARKETS

In this fireside chat, Peter Higgs will talk with former RBA board member Warwick McKibbin about macroeconomic policy, international trade, financial markets, and the global demographic changes.

Warwick McKibbin

Professor of public policy; director of the Centre for Applied Macroeconomic Analysis in the Crawford School of Public Policy, Australian National University

Chair

Peter Higgs

Chairman, Tactical Global Management

10:10am – 10:40am

MORNING TEA

10:40am – 11:10am

THE CASE FOR FX HEDGING: AN EMPIRICAL PERSPECTIVE

Super funds are becoming increasingly active in their currency management. What is the empirical case for hedging international exposures? What are the challenges of hedging and the potential for Australian asset owners to use dynamic hedging?

Michael Armitage

Head of fund advisory, Milliman

Chair

Melda Donnelly

Investment committee, HESTA

11:10am – 12:00pm

UNCONSTRAINED APPROACHES TO FIXED INCOME

Fixed interest strategies are becoming increasingly sophisticated – hedge fund light – as investors seek a higher return. Given this transformation, how should investors rethink their allocation to un-constrained fixed income strategies and the balance between defensiveness and higher return?

George Lin

Senior investment manager, Colonial First State

John Lucey

Chief investment officer, Avant Mutual Group

Darren Toner

Portfolio manager, credit, multi-asset and global high yield, CQS

Chair

Sue Wang

Fixed income asset class specialist, principal, Mercer

12:00pm – 12:30pm

CAN SOCIALLY RESPONSIBLE FIXED INTEREST INVESTING BOOST RETURNS?

In equity investing an ESG screen can limit the opportunity set and consequently investment returns. In fixed income, an ESG screen can act as a risk management tool without limiting returns. What are the ways asset owners can integrate ESG into their fixed income portfolio?

Bill Bovingdon

Chief investment officer, Altius Asset Management

Chair

Michael Elsworth

Executive manager, investment consulting, Lonsec

12:30pm – 1:10pm

LUNCH

1:10pm – 1:50pm

CASE STUDY: HOW REGULATION IMPACTS INSTITUTIONAL ASSET OWNERS?

Regulation and capital adequacy ratio changes have reduced the capacity of banks to lend to corporations. Accordingly, institutional investors have been increasingly allocating resources to this market and exploring the short and long-term opportunities available?

Michael Clavin

Head of treasury and dealing, First State Super

David Hoskins

Head of acquisition finance, Challenger

Ross Pritchard

Portfolio manager, credit income, First State Super

Michael Swan

Senior portfolio manager, fixed interest and cash, Cbus Super

Chair

Amanda White

Director of institutional content and editor of top1000funds.com, Conexus Financial

1:50pm – 2:30pm

THE PORTFOLIO ROLE OF ALTERNATIVE CREDIT IN 5 YEARS?

The disintermediation of banks, the search for yield and the desire to diversify have increased the demand for new credit strategies. What allocation should alternative credit – and the various illiquid and liquid sub-asset classes – have in portfolios?

Jason Huang

Investment manager, fixed income and cash, Sunsuper

Simon James

Head of credit, Willis Tower Watson

Adam Scully

Senior portfolio manager, VFMC

Chair

David Schnell

Consultant, JANA

2:30pm – 4:30pm

EVENT CLOSE AND RETURN TRANSFER TO MELBOURNE AIRPORT AND CBD

Day 1 – Tuesday – July 24

10:00am – 12:00pm

TRANSFER FROM MELBOURNE AIRPORT AND MELBOURNE CBD TO HEALESVILLE

12:00pm – 12:30pm

REGISTRATION AND LUNCH

12:30pm – 12:40pm

WELCOME

12:40pm – 1:30pm

A MOMENT OF TRUTH: FISCAL DREAMS AND THE MACRO REALITY

Has the moment of truth arrived for the secular bond bull market? As central banks begin to implement quantitative tightening to offset increasing fiscal stimulus and prospects for inflation, what are the unintended consequences?

Charlie Jamieson

Chief investment officer, Jamieson Coote Bonds

Gwion Moore

Executive manager, investment strategy and advice, Suncorp

Chair

Scott Rissman

Director, overlay solutions, global liquid strategies, QIC

1:30pm – 2:00pm

UNDERSTANDING THE DEVELOPING CHINESE DEBT MARKETS

China’s new Bond Connect initiative will allow foreign managers to trade agency and corporate debt without having to set up onshore accounts. With the expected inclusion of China in bond indices this year, how should investors view this opportunity?

Susan Buckley

Managing director, global liquid strategies, QIC

Chair

Dianna Enlund

Director, Head of Australia, Allianz Global Investors

2:00pm – 2:45pm

CAPTURING YIELD AND UNDERSTANDING CURRENCY IN EMERGING MARKETS

Emerging-market debt has received a surge of capital. Is this recent behaviour reflective of complacency towards risk or improved EM fundamentals? Should EM investors now use an unconstrained approach and are there perceptions that they need to revisit?

Paul Lukaszewski

Head of Asian corporate debt and emerging market credit research, Aberdeen Standard Investments

Michael Conelius

Portfolio manager, fixed income, T. Rowe Price

Angus Nicholson

Investment strategist, AMP Capital Investors

Chair

Chris Baker

Principal, Mercer

2:45pm – 3:15pm

AFTERNOON TEA

3:15pm – 3:55pm

THE RETURN SPECTRUM OF PRIVATE DEBT STRATEGIES

The issuance of US cov-lite loans hit another record as investors look for yield – but at what cost?. How should asset owners contrast the Australian versus global private debt opportunities – trading-off capital preservation, liquidity, and credit risk for returns?

Bob Sahota

Managing director and chief investment officer, Revolution Asset Management

Chair

Amanda White

Director of institutional content and editor of top1000funds.com, Conexus Financial

3:55pm – 4:30pm

AUSTRALIAN MID-MARKET LOANS – ACCESSING A NEW ASSET CLASS

Funding and regulatory pressures on the Big 4 Australian banks have the potential to open up a previously unavailable asset class to investors. What impact will the regulatory changes to the NSFR and LCR have on the banks and strategies for traditional fixed income investors?

Hamish Nicol

director, private capital markets, National Australia Bank

Gary Stead

Managing director, HPS Investment Partners

Mark Wang

Head of global private asset group, Commonwealth Bank of Australia

Chair

Melda Donnelly

Investment committee, HESTA

4:30pm – 5:30pm

CAN FIXED INCOME BE USED TO HEDGE EQUITY RISK?

Can you rely on your fixed income allocation as a hedge against an equity-market downturn – assuming the trigger is not from debt markets? During such stress, what sectors, durations and bonds are most likely to cushion losses?

James Blair

Investment director, Fixed Income, Capital Group

Peter Farac

Portfolio manager, Pendal Group

Debbie Saunders

Principal adviser, Whitehelm Capital

John Woods

Portfolio manager, MLC

Chair

Amanda White

Director of institutional content and editor of top1000funds.com, Conexus Financial

5:30pm

EVENT CLOSE

6:30pm – 9:30pm

CONFERENCE DINNER – OAKRIDGE WINERY

Day 2 – Wednesday – July 25

7:30am – 8:45am

INVESTOR ONLY BREAKFAST

8:50am – 9:00am

WELCOME

9:00am – 10:10am

A SPECIAL CONVERSATION: MACRO AND MARKETS

In this fireside chat, Peter Higgs will talk with former RBA board member Warwick McKibbin about macroeconomic policy, international trade, financial markets, and the global demographic changes.

Warwick McKibbin

Professor of public policy; director of the Centre for Applied Macroeconomic Analysis in the Crawford School of Public Policy, Australian National University

Chair

Peter Higgs

Chairman, Tactical Global Management

10:10am – 10:40am

MORNING TEA

10:40am – 11:10am

THE CASE FOR FX HEDGING: AN EMPIRICAL PERSPECTIVE

Super funds are becoming increasingly active in their currency management. What is the empirical case for hedging international exposures? What are the challenges of hedging and the potential for Australian asset owners to use dynamic hedging?

Michael Armitage

Head of fund advisory, Milliman

Chair

Melda Donnelly

Investment committee, HESTA

11:10am – 12:00pm

UNCONSTRAINED APPROACHES TO FIXED INCOME

Fixed interest strategies are becoming increasingly sophisticated – hedge fund light – as investors seek a higher return. Given this transformation, how should investors rethink their allocation to un-constrained fixed income strategies and the balance between defensiveness and higher return?

George Lin

Senior investment manager, Colonial First State

John Lucey

Chief investment officer, Avant Mutual Group

Darren Toner

Portfolio manager, credit, multi-asset and global high yield, CQS

Chair

Sue Wang

Fixed income asset class specialist, principal, Mercer

12:00pm – 12:30pm

CAN SOCIALLY RESPONSIBLE FIXED INTEREST INVESTING BOOST RETURNS?

In equity investing an ESG screen can limit the opportunity set and consequently investment returns. In fixed income, an ESG screen can act as a risk management tool without limiting returns. What are the ways asset owners can integrate ESG into their fixed income portfolio?

Bill Bovingdon

Chief investment officer, Altius Asset Management

Chair

Michael Elsworth

Executive manager, investment consulting, Lonsec

12:30pm – 1:10pm

LUNCH

1:10pm – 1:50pm

CASE STUDY: HOW REGULATION IMPACTS INSTITUTIONAL ASSET OWNERS?

Regulation and capital adequacy ratio changes have reduced the capacity of banks to lend to corporations. Accordingly, institutional investors have been increasingly allocating resources to this market and exploring the short and long-term opportunities available?

Michael Clavin

Head of treasury and dealing, First State Super

David Hoskins

Head of acquisition finance, Challenger

Ross Pritchard

Portfolio manager, credit income, First State Super

Michael Swan

Senior portfolio manager, fixed interest and cash, Cbus Super

Chair

Amanda White

Director of institutional content and editor of top1000funds.com, Conexus Financial

1:50pm – 2:30pm

THE PORTFOLIO ROLE OF ALTERNATIVE CREDIT IN 5 YEARS?

The disintermediation of banks, the search for yield and the desire to diversify have increased the demand for new credit strategies. What allocation should alternative credit – and the various illiquid and liquid sub-asset classes – have in portfolios?

Jason Huang

Investment manager, fixed income and cash, Sunsuper

Simon James

Head of credit, Willis Tower Watson

Adam Scully

Senior portfolio manager, VFMC

Chair

David Schnell

Consultant, JANA

2:30pm – 4:30pm

EVENT CLOSE AND RETURN TRANSFER TO MELBOURNE AIRPORT AND CBD

Coming soon...