Overview – Tuesday – August 27

10:00am – 12:00pm

AIRPORT AND CBD TRANSFERS

12:00pm – 12:30pm

REGISTRATION AND LUNCH

12:30pm – 12:45pm

WELCOME

12:45pm – 1:30pm

BONDS IN A HISTORICAL CONTEXT: IS THERE ANY REWARD LEFT?

  • What are the upside and downside market scenarios for bonds?
  • What allocation, if any, should bonds represent in a well-diversified portfolio?
  • In a low yield world, what are the pros and cons of market-based benchmark strategies vs. unconstrained / absolute return strategies?

Robert Tipp

Managing director, chief investment strategist, and head of global bonds, PGIM Fixed Income

Chair

Alex Proimos

Conference content producer, Conexus Financial

1:30pm – 2:30pm

ARE CENTRAL BANKS HOSTAGES OF THE MARKET BUBBLE?

  • Can central banks be independent or are they hostage to bubbles and politics?
  • What impact have central banks had on liquidity and market pricing?
  • What impact will the divergence in central bank policy to date have on financial markets in the next crisis?

Charlie Jamieson

Chief investment officer, Jamieson Coote Bonds

Brian Tomlinson

Senior global fixed income portfolio manager, Allianz Global Investors

Chair

Alex Proimos

Conference content producer, Conexus Financial

2:30pm – 3:00pm

AFTERNOON TEA

3:00pm – 4:00pm

MACROECONOMICS, INFLATION AND NEGATIVE RATES

  • What is the difference between the market narrative and the real economy?
  • Do negative rates equal negative returns? How negative can rates go?
  • Do investors still have to worry about high inflation? And what investment options should they turn to if it occurs?

Richard Quin

Managing director and portfolio manager, Bentham Asset Management

Jay Sivapalan

Co-head of Australian fixed interest, Janus Henderson Investors

Sue Wang

Fixed income asset class specialist, Mercer

Chair

Andrew Kemp

Head of debt and currency research, Frontier Advisors

4:00pm – 5:00pm

CASE STUDY: BUILDING TOTAL PORTFOLIO MANAGEMENT

  • What impact does a transition from strategic asset allocation to total portfolio management approach have on fixed income?
  • Are there limitations in using a total portfolio management approach to creating an income-driven portfolio objective?
  • How do you determine the appropriate level of duration to include in your portfolio?

Joel Kim

Senior portfolio manager, Dimensional Fund Advisers

Chair

Alex Proimos

Conference content producer, Conexus Financial

5:00pm

EVENT CLOSE DAY 1

6:00pm – 9:30pm

OFFICIAL CONFERENCE DINNER - OAKRIDGE WINERY

Day 2 – Wednesday – August 28

7:30am – 9:00am

INVESTOR ONLY BREAKFAST

9:00am – 9:05am

WELCOME

9:05am – 10:30am

MODERN MONETARY THEORY AND COLLATERAL DAMAGE: ARE INVESTORS FED UP ALREADY?

  • Why the Federal Reserve is bad for America?
  • Is Modern Monetary Theory just the new snake oil?
  • Can we afford not to take the overcapacity out of the system?
  • Are central banks stuck in a political and economic morass?

Danielle Di Martino Booth

Founder, Quill Intelligence

Gwion Moore

Head of investment strategy, Mercer

Chair

Alex Proimos

Conference content producer, Conexus Financial

10:30am – 11:00am

MORNING TEA

11:00am – 11:40am

DOES FIXED INCOME STACK UP IN EMERGING MARKETS?

  • Can the higher interest rates in emerging markets provide sufficient return after adjusting for the risk of hot money and currency volatility?
  • How should investors approach the comparison of credit quality in emerging markets?
  • Should investors have a structural allocation to emerging markets or is it just an alpha tool?

Arif Josh

Portfolio manager, Lazard Asset Management

Chair

Alex Proimos

Conference content producer, Conexus Financial

11:40am – 12:20pm

ARE THERE TOO MANY LEVERS IN UNCONSTRAINED?

  • What is the role of unconstrained fixed income in portfolios?
  • Why has this product line underperformed and how should success be measured?
  • Are the investment mandates too broad or should they be more constrained by a benchmark?

Chris Bowie

Partner and portfolio manager, TwentyFour Asset Management

Chair

Robert Moore

Senior consultant, head of fixed interest, JANA

12:20pm – 1:00pm

MANAGING (INCREASING) VOLATILITY IN FIXED INCOME

  • What are the real effects of various uncertainty shocks to fixed interest markets?
  • Is non-directional relative value the new absolute return?
  • What techniques and strategies can be employed to manage volatility?

Ben Alexander

Chief investment officer, Ardea Investment Management

Jason Huang

Portfolio manager, investment research and governance, ANZ Wealth

George Lin

Senior investment manager, Colonial First State

Chair

Alex Proimos

Conference content producer, Conexus Financial

1:00pm – 1:40pm

LUNCH

1:40pm – 2:40pm

SEEKING YIELD FROM LOANS AND CREDIT

  • Contrasting the opportunity set in multi-sector credit
  • Does the spread match the leverage trade-off and the deterioration of investor protections? Are BBBs the new high-yields?
  • Understanding the systemic and underlying risk in non-bank lending (i.e., leveraged loans) versus high-yield bonds?

James Kirby

Founder and principal, Deerpath Capital Management

Pete Robinson

Senior portfolio manager, Challenger

Richard Ryan

Senior fund manager, M&G Investments

Chair

Christopher Joye

Contributing editor, The Australian Financial Review and co-chief investment officer, Coolabah Capital

2:40pm – 3:15pm

DECOMPOSING FOREIGN CURRENCY: PASSIVE AND ACTIVE EXPOSURES

  • What factors influence an asset owner’s decision to take both passive and active currency management?
  • Does the breakdown in term premia and rates make active management more complex?
  • What questions should investors consider as part of their FX strategy – re: determining an overlay (risk management), alpha generation, execution strategy and fees?

Ben Ereira

Director, Cerca FX Consulting

Justin Lo

Investment manager, fixed income and currency, Sunsuper

Chair

Alex Proimos

Conference content producer, Conexus Financial

3:15pm

Conference Close

3:30pm

RETURN TRANSFER TO MELBOURNE CBD AND CITY

Day 1 – Tuesday – August 27

10:00am – 12:00pm

AIRPORT AND CBD TRANSFERS

12:00pm – 12:30pm

REGISTRATION AND LUNCH

12:30pm – 12:45pm

WELCOME

12:45pm – 1:30pm

BONDS IN A HISTORICAL CONTEXT: IS THERE ANY REWARD LEFT?

  • What are the upside and downside market scenarios for bonds?
  • What allocation, if any, should bonds represent in a well-diversified portfolio?
  • In a low yield world, what are the pros and cons of market-based benchmark strategies vs. unconstrained / absolute return strategies?

Robert Tipp

Managing director, chief investment strategist, and head of global bonds, PGIM Fixed Income

Chair

Alex Proimos

Conference content producer, Conexus Financial

1:30pm – 2:30pm

ARE CENTRAL BANKS HOSTAGES OF THE MARKET BUBBLE?

  • Can central banks be independent or are they hostage to bubbles and politics?
  • What impact have central banks had on liquidity and market pricing?
  • What impact will the divergence in central bank policy to date have on financial markets in the next crisis?

Charlie Jamieson

Chief investment officer, Jamieson Coote Bonds

Brian Tomlinson

Senior global fixed income portfolio manager, Allianz Global Investors

Chair

Alex Proimos

Conference content producer, Conexus Financial

2:30pm – 3:00pm

AFTERNOON TEA

3:00pm – 4:00pm

MACROECONOMICS, INFLATION AND NEGATIVE RATES

  • What is the difference between the market narrative and the real economy?
  • Do negative rates equal negative returns? How negative can rates go?
  • Do investors still have to worry about high inflation? And what investment options should they turn to if it occurs?

Richard Quin

Managing director and portfolio manager, Bentham Asset Management

Jay Sivapalan

Co-head of Australian fixed interest, Janus Henderson Investors

Sue Wang

Fixed income asset class specialist, Mercer

Chair

Andrew Kemp

Head of debt and currency research, Frontier Advisors

4:00pm – 5:00pm

CASE STUDY: BUILDING TOTAL PORTFOLIO MANAGEMENT

  • What impact does a transition from strategic asset allocation to total portfolio management approach have on fixed income?
  • Are there limitations in using a total portfolio management approach to creating an income-driven portfolio objective?
  • How do you determine the appropriate level of duration to include in your portfolio?

Joel Kim

Senior portfolio manager, Dimensional Fund Advisers

Chair

Alex Proimos

Conference content producer, Conexus Financial

5:00pm

EVENT CLOSE DAY 1

6:00pm – 9:30pm

OFFICIAL CONFERENCE DINNER - OAKRIDGE WINERY

Day 2 – Wednesday – August 28

7:30am – 9:00am

INVESTOR ONLY BREAKFAST

9:00am – 9:05am

WELCOME

9:05am – 10:30am

MODERN MONETARY THEORY AND COLLATERAL DAMAGE: ARE INVESTORS FED UP ALREADY?

  • Why the Federal Reserve is bad for America?
  • Is Modern Monetary Theory just the new snake oil?
  • Can we afford not to take the overcapacity out of the system?
  • Are central banks stuck in a political and economic morass?

Danielle Di Martino Booth

Founder, Quill Intelligence

Gwion Moore

Head of investment strategy, Mercer

Chair

Alex Proimos

Conference content producer, Conexus Financial

10:30am – 11:00am

MORNING TEA

11:00am – 11:40am

DOES FIXED INCOME STACK UP IN EMERGING MARKETS?

  • Can the higher interest rates in emerging markets provide sufficient return after adjusting for the risk of hot money and currency volatility?
  • How should investors approach the comparison of credit quality in emerging markets?
  • Should investors have a structural allocation to emerging markets or is it just an alpha tool?

Arif Josh

Portfolio manager, Lazard Asset Management

Chair

Alex Proimos

Conference content producer, Conexus Financial

11:40am – 12:20pm

ARE THERE TOO MANY LEVERS IN UNCONSTRAINED?

  • What is the role of unconstrained fixed income in portfolios?
  • Why has this product line underperformed and how should success be measured?
  • Are the investment mandates too broad or should they be more constrained by a benchmark?

Chris Bowie

Partner and portfolio manager, TwentyFour Asset Management

Chair

Robert Moore

Senior consultant, head of fixed interest, JANA

12:20pm – 1:00pm

MANAGING (INCREASING) VOLATILITY IN FIXED INCOME

  • What are the real effects of various uncertainty shocks to fixed interest markets?
  • Is non-directional relative value the new absolute return?
  • What techniques and strategies can be employed to manage volatility?

Ben Alexander

Chief investment officer, Ardea Investment Management

Jason Huang

Portfolio manager, investment research and governance, ANZ Wealth

George Lin

Senior investment manager, Colonial First State

Chair

Alex Proimos

Conference content producer, Conexus Financial

1:00pm – 1:40pm

LUNCH

1:40pm – 2:40pm

SEEKING YIELD FROM LOANS AND CREDIT

  • Contrasting the opportunity set in multi-sector credit
  • Does the spread match the leverage trade-off and the deterioration of investor protections? Are BBBs the new high-yields?
  • Understanding the systemic and underlying risk in non-bank lending (i.e., leveraged loans) versus high-yield bonds?

James Kirby

Founder and principal, Deerpath Capital Management

Pete Robinson

Senior portfolio manager, Challenger

Richard Ryan

Senior fund manager, M&G Investments

Chair

Christopher Joye

Contributing editor, The Australian Financial Review and co-chief investment officer, Coolabah Capital

2:40pm – 3:15pm

DECOMPOSING FOREIGN CURRENCY: PASSIVE AND ACTIVE EXPOSURES

  • What factors influence an asset owner’s decision to take both passive and active currency management?
  • Does the breakdown in term premia and rates make active management more complex?
  • What questions should investors consider as part of their FX strategy – re: determining an overlay (risk management), alpha generation, execution strategy and fees?

Ben Ereira

Director, Cerca FX Consulting

Justin Lo

Investment manager, fixed income and currency, Sunsuper

Chair

Alex Proimos

Conference content producer, Conexus Financial

3:15pm

Conference Close

3:30pm

RETURN TRANSFER TO MELBOURNE CBD AND CITY