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?

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?

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?

4:00pm – 5:30pm

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?

5:30pm

EVENT CLOSE DAY 1

6:30pm – 9:30pm

OFFICIAL CONFERENCE DINNER - OAKRIDGE WINERY

Day 2 – Wednesday – August 28

7:30am – 9:00am

INVESTOR ONLY BREAKFAST

9:00am – 9:10am

WELCOME

9:10am – 9:50am

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?

9:50am – 10:30am

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?

10:30am – 11:00am

MORNING TEA

11:00am – 11:45am

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?

11:45am – 12:45pm

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?

12:45pm – 1:30pm

LUNCH

1:30pm – 2:15pm

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?

2:15pm – 3:00pm

2020 VISION, NEW INSTRUMENTS AND IMPLEMENTATION

  • Will the US corporate debt market be the greatest source of instability?
  • Does the Austrian School of Economics theory still apply?
  • How should asset owners manage volatility in the fixed income asset class?
  • What impact will China’s benchmark inclusion mean for asset owner portfolios?
  • Has the green bond market reached an inflection point for asset owners?
  • The role of machine learning and systematic beta in fixed income

3:00pm

Conference Close

3:15pm

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?

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?

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?

4:00pm – 5:30pm

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?

5:30pm

EVENT CLOSE DAY 1

6:30pm – 9:30pm

OFFICIAL CONFERENCE DINNER - OAKRIDGE WINERY

Day 2 – Wednesday – August 28

7:30am – 9:00am

INVESTOR ONLY BREAKFAST

9:00am – 9:10am

WELCOME

9:10am – 9:50am

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?

9:50am – 10:30am

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?

10:30am – 11:00am

MORNING TEA

11:00am – 11:45am

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?

11:45am – 12:45pm

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?

12:45pm – 1:30pm

LUNCH

1:30pm – 2:15pm

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?

2:15pm – 3:00pm

2020 VISION, NEW INSTRUMENTS AND IMPLEMENTATION

  • Will the US corporate debt market be the greatest source of instability?
  • Does the Austrian School of Economics theory still apply?
  • How should asset owners manage volatility in the fixed income asset class?
  • What impact will China’s benchmark inclusion mean for asset owner portfolios?
  • Has the green bond market reached an inflection point for asset owners?
  • The role of machine learning and systematic beta in fixed income

3:00pm

Conference Close

3:15pm

RETURN TRANSFER TO MELBOURNE CBD AND CITY