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As financial markets continue to be plagued by the on-going low interest rate environment, asset owners are having to widen their investment net and seek out new opportunities to generate yield. Meanwhile, treasurers are faced with the challenge of creating more imaginative strategies to deal with surplus cash. Asset owners are faced with multiplying considerations including changing fiscal policy, finding untapped fixed income opportunities, how to navigate late cycle behaviour, regulation and ESG risk, and unconventional monetary policy.

The Institutional Fixed Income Summit 2020 brings together asset owner professionals in investment, asset allocation, investment strategy, treasury, capital and liquidity management roles from around Europe to evaluate and discuss these challenges and opportunities. This platform will foster an environment conducive to learning and will focus on how to navigate various complex external factors.

Building on the success of the 4 year publication of the Investing in Fixed Income reports, in Europe, DACH and North America, the Summit will offer both regional and global approach, along with tailored market driven debates and presentations to ensure that delegates leave with new perspectives to approach their future plans.

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FORMATTIMESESSION
OPENING REMARKS

9:10 - 9:20

Noel Hillmann, Chief Executive Officer, Clear Path Analysis OR Sponsor to be Confirmed

KEYNOTE PRESENTATION

9:20 - 10:00

How will the argument for holding UK government bonds evolve in the post-Brexit Era?

Proposed: Sajid Javid MP, Chancellor of the Exchequer

PANEL DEBATE

10:00 - 10:45

Balancing reach, risk and reward: what do untapped fixed income opportunities in new locations look like and what are the key risks to be wary of?

Confirmed: Gordon Ross, Deputy Chief Investment Officer, LGPS Central

Proposed: Ross Barr, Investment Strategist, Coal Pension Trustees Services

Proposed: Rob Schreur, Chief Investment Officer, National Grid UK pension Scheme

Proposed: Ingrid Albinsson, Head of Strategy, AP7

KEYNOTE PRESENTATION

10:45 - 11:10

Late cycle behaviour: Identifying triggers and preparing to de-risk vs. stepping out of the market to early

Proposed: Sponsor to be confirmed

REFRESHMENTS & MEETING BREAK

11:10 - 11:30

TALKING TABLE WORKSHOPS – see page 5 for proposed subjects

STREAM

INVESTMENT MANAGEMENT & ASSET ALLOCATION

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INVESTMENT MANAGEMENT & ASSET ALLOCATION

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INVESTMENT MANAGEMENT & ASSET ALLOCATION

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INVESTMENT MANAGEMENT & ASSET ALLOCATION

STREAM

MONEY MARKET & LIQUIDITY MANAGEMENT



WORKSHOP ROUND 1

11:30 – 12:05

TALKING TABLE WORKSHOP 1

TALKING TABLE WORKSHOP 2

TALKING TABLE WORKSHOP 3

TALKING TABLE WORKSHOP 4

TALKING TABLE WORKSHOP 1



WORKSHOP ROUND 2

12:05 – 12:40

TALKING TABLE WORKSHOP 1

TALKING TABLE WORKSHOP 2

TALKING TABLE WORKSHOP 3

TALKING TABLE WORKSHOP 4

TALKING TABLE WORKSHOP 2



LUNCH

12:40 - 13:30

WORKSHOP ROUND 3

13:30 - 14:05

TALKING TABLE WORKSHOP 1

TALKING TABLE WORKSHOP 2

TALKING TABLE WORKSHOP 3

TALKING TABLE WORKSHOP 4

TALKING TABLE WORKSHOP 3



INVESTMENT MANAGEMENT

& ASSET ALLOCATION

MONEY MARKET & LIQUIDITY MANAGEMENT



EXTERNAL ENVIRONMENT

SEARCH FOR YIELD

MONEY MARKET & LIQUIDTY MANAGEMENT



STREAM PRESENTATION

14:05 - 14:30

How to avoid asset bubbles: addressing the causes and evaluating risks

Proposed: Tarik Nbigui, Investment Strategist, Blue Sky Group

Expanding your fixed income investment horizon: how to balance a ‘wider net’ with a frugal approach to models, risk and bespoke solutions

Confirmed: Ian Rogers, Senior Manager - Investment Capital Analysis, Scottish Widows

What is driving the shift from leaving cash in banks to using funds – what are the benefits of this strategy and what are the risks?

Confirmed: Tom Moore, Group Treasurer, Royal London



STREAM PRESENTATION

14:30 - 14:55

Is it possible to factor in the unpredictability of central bank behaviour and it’s impact on fixed income investments?

Proposed: Tom Rogers, Chief Investment Officer, Farmers Insurance Group

Achieving security and return: can illiquid opportunities mitigate current underlying volatility?

Proposed: Emma Ferris, Director of Pensions Treasury ALM and Capital Management, AXA Insurance

How to exploit the increased flexibility that Money Market Funds provide

Proposed: Syed Hussain, Group Treasury, Legal and General



PANEL DEBATE

14:55 – 15:35

What key strategies facilitate continued yield generation despite the ongoing low interest rate environment?

Confirmed: Huw Evans, Trustee Executive, BESTrustees

Proposed:

- Maarten Roest, Chief Investment Officer, ABN AMRO

- Neil Cooper, Investment Manager, Greater Manchester Pension Fund

Are multi-asset credit products viable vehicles to generate returns?

Proposed:

- Rob Durbin, Group Pensions Manager, Legal and General

- Pierangelo Franzoni, Head of Asset Allocation, Swiss Re

- Tom Harrington, Assistant Director (Investments), Greater Manchester Pension Fund

Searching for yield vs a pure capital risk mitigation strategy – exploring the merits and drawbacks of each approach

Proposed:

- Ola Bengtsson, EMEA Treasury, AIG

- Anthony Finn, Treasury Manager, AEGIS

- Kevin Munyangiri, Treasury, Chubb



REFRESHMENTS & MEETING BREAK

15:35 - 15:55

STREAM PRESENTATION

15:55 - 16:35

Regulatory driven transparency and ESG risk: climate change, asset allocation, and risk

Confirmed: Matti Leppälä, Chief Executive Officer, PensionsEurope

KEYNOTE GUEST SPEAKER

16:35 - 17:15

Exploring global growth, unconventional monetary policy and the increasing momentum around government bonds in EM countries

Proposed: David Mann, Global Chief Economist, Standard Chartered Bank

THEMED DRINKS RECEPTION

17:15 - 18:30

* Talking Table Workshops Format and Subjects

Our Talking Tables Workshops form a unique part of our Summits and give our delegates an opportunity to engage with one another on subjects they’ve stated to be issues they’re most keen to discuss with one another. Sponsors to the Investment Management & Asset Allocation host a Workshop topic three times over the course of the day. Sponsors of the Money Market & Investment Management stream host one Talking Table workshop during the day.

The two distinct audiences who attend are:
- Institutional asset owners, including investment officers of pension plans, insurers, foundations, and endowment funds
- Treasurers, cash managers, and heads of liquidity management, and others who are responsible for the safe and effective management of an organisations excess or on hold capital, and;
All topics covered are those put forwards by investment, liquidity management, treasury, or cash management professionals. Should a Sponsor wish to put forward a subject for consideration that has not been raised by attendees, then we are open to their suggestions. However, only subjects that we believe delegates will actively participate in will be seriously considered and accepted.

For more information on the Talking Tables workshops, please contact Noel Hillmann noelhillmann@clearpathanalysis.com – or Joe Wilde – joewilde@clearpathanalysis.com.

INVESTMENT MANAGEMENT & ASSET ALLOCATION

- Designing temporal strategies: assessing long-term vs short-term strategies and investment horizons in order to capture premium
- Diversification: does diversifying the portfolio offer a natural strategy to secure yield? What other viable yield generating strategies are there?
- Creating fixed income portfolios that are robust to credit risks, climate change resilient, and cashflow generating
- How to be a late cycle investor
- Alternative fixed income: ‘Flavour of the month’ or reliable portfolio feature?
- Achieving security and return: looking for illiquid opportunities to address current underlying volatility
- Factor investing: minor but crucial investment tool – what else is in the investment toolbox?
- Where are investors looking to fill the lending gap now that banks have stepped back from lending directly?
- Low interest rate environment: interest rate risk and liability driven investments
- How to be a late cycle investor: what viable strategies are available and what to avoid
- Considering their continued low returns, should asset owners be challenging the rationale for a mandate to include AAA bonds?
- Factor investing vs passive investing: what are the drivers initiating the shift to the passive investment space?

MONEY MARKET & LIQUIDITY MANAGEMENT

- Optimising operational efficiency and treasury integration
- Forecasting: what do improvements look like and what vehicles are available?
- Searching for yield vs a pure risk mitigation strategy – exploring the merits and drawbacks of either approaches
- How has increased digitalisation impacted liquidity management? What are the benefits and how are you addressing cybersecurity risk?
- MMF as primary vehicle for short term yield, what are the other product offerings?
- Mitigating currency risk: identifying the warning factors and how to avoid them
- Money market funds: primary vehicle for short term yield, what are the other product offerings?
- How has the use of internal illiquidity funds impacted daily cash management?

RiskFirst is a financial technology company providing modern technology solutions to Asset Owners, Consultants and Asset Managers to help grow and improve their business.

Our first product, PFaroe, was launched in 2009 to deliver a modern and effective software solution for institutional investors to manage their asset and liability risk. PFaroe is now the market leader in the UK – reaching more than half of the UK DB market – with a growing foothold in the US. Overall, more than 3,000 pension plans, with in excess of £1 trillion in assets, now benefit from our technology.

Royal London Asset Management is one of the UK’s leading investment companies. RLAM has built a strong reputation as an innovative manager, investing across all major asset classes and delivering consistent long term outperformance. RLAM manages over £123 billion of assets (at 31/3/19), split between equities, fixed interest, multi asset investing, property and cash, with a market leading capability in Sustainable Investing. Products include funds and segregated accounts investing in government bonds, investment grade, high yield and unrated credit, equity income and equity growth across global developed markets, as well as UK property and cash and short-term money market instruments.

All our sponsorship packages are ‘tailor made’ to ensure complete success for our clients, so you can feel assured that your specific aims are being addressed. If you’re interested in any of the above benefits then please contact us below about sponsorship:

Call +44 (0) 207 1931 487 or send a message

By listening to those in the industry, we create a shortlist of individuals who most influence and inspire those around them and invite them to contribute to our reports and events by:

Contributing a thought piece on an issue raised in the market research

Participating in or moderating a roundtable with other industry leaders

Participating as an interviewer or interviewee

Producing a case study white paper written with a client or supplier

Taking part in a head to head debate with another respected industry professional.

Clear Path Analysis is always open to suggestions of suitable contributors for future topics.

Call +44 (0) 207 1931 487 or send a message

All our sponsorship packages are ‘tailor made’ to ensure complete success for our clients, so you can feel assured that your specific aims are being addressed. If you’re interested in any of the above benefits then please contact us below about sponsorship:

Call +44 (0) 207 1931 487 or send a message

All our sponsorship packages are ‘tailor made’ to ensure complete success for our clients, so you can feel assured that your specific aims are being addressed. If you’re interested in any of the above benefits then please contact us below about sponsorship:

Call +44 (0) 207 1931 487 or send a message