Overview – Monday – May 21

3:00pm – 5:30pm

TRANSFER FROM SYDNEY AIRPORT AND SYDNEY CBD TO THE BLUE MOUNTAINS

5:30pm – 6:00pm

6:00pm – 7:15pm

THE EVOLUTION OF TCORP’S PORTFOLIO AND FIDUCIARY DUTY

In this fireside chat, hear from TCorp’s CIO on his investment philosophy, market outlook, asset allocation, and the operational challenges and complexity in creating a long-term total portfolio approach.

Stewart Brentnall

NSW Treasury Corporation (TCorp), Chief investment Officer

Chair

Colin Tate

Chief executive, Conexus Financial

7:15pm – 9:00pm

WELCOME CANAPÉS AND NETWORKING DRINKS

9:00pm – 9:05pm

CONFERENCE DAY ONE CLOSE

Day 2 – Tuesday – May 22

8:30am – 9:00am

TRANSFER FROM LILIANFELS TO THE HYDRO MAJESTIC BLUE MOUNTAINS

9:00am – 9:15am

OFFICIAL EVENT WELCOME

9:15am – 10:30am

CHINA: WHAT DOES THE FUTURE LOOK LIKE?

Xi Jinping, at the 19th National Congress, declared a more activist and influential role in the world for the rising power, ending Deng Xiaoping’s so-called ‘hide and bide’ approach. What might Xi’s declaration of a new era entail?

Stephen Kotkin

John P. Birkelund ’52 Professor in History and International Affairs, Princeton University (US)

Chair

Colin Tate

Chief executive, Conexus Financial

10:30am – 11:00am

MORNING TEA

11:00am – 11:45am

THIS IS NO MINSKY MOMENT: CHINA’S ECONOMIC TRANSITION

China remains Australia’s largest export market. But questions have been raised about the efficiency with which credit generates economic activity. As the Asian giant begins a credit unwind, what impact does this have locally and globally?

Nigel Wilkin-Smith

Director, portfolio strategy, Future Fund

David Liao

Group general manager, HSBC Group; president and chief executive, HSBC Bank Company (China)

Chair

Stephen Kotkin

John P. Birkelund ’52 Professor in History and International Affairs, Princeton University (US)

11:45am – 12:30pm

SYNCHRONISED GROWTH, FUNDAMENTALS AND MARKET VALUATIONS

Despite expectations of global growth, there is uncertainty about the effects of monetary policy normalisation across asset classes. In this environment, how should investors be thinking about the common risk and factor exposures in their portfolio?

Olga Bitel

Partner, global strategist, William Blair (US)

Stephen Quance

Director of factor investing, Invesco

Chair

William Leong

Senior consultant, Frontier Advisors

12:30pm – 1:30pm

LUNCH

1:30pm – 2:10pm

MANAGING DOLLAR PAINS: MONETARY POLICY, YIELD GAPS AND JAWBONING

China, Russia, and India have agreed to accept each other’s currencies for bi-lateral trade and Europe has held euro together. Is the de-dollarisation upon us, or is a US dollar revival probable, along with Federal Reserve rate rises? How should investors comprehend currencies?

Nader Naeimi

Head of dynamic markets, portfolio manager, AMP Capital

Stuart Simmons

Senior portfolio manager, FX global liquid strategies, QIC

Chair

David Hartley

Director and chair of investment committee, Australian Catholic Superannuation and Retirement Fund

2:10pm – 3:00pm

LATE TO THE PARTY: CREDIT AND DEBT CYCLE

Central planners can only do so much before risk pricing turns. With hawkish views, less generous liquidity provisions, rising yields, and a flattening yield curve, how should investors position their fixed interest portfolio?

Vimal Gor

Head of income and fixed interest, BT Investment Management

George Lin

Senior investment manager, Colonial First State Investments

Ben McCaw

Portfolio manager, MLC Investment Management

Chair

Ian Lundy

Chief investment officer, Tasplan Super

3:00pm – 3:30pm

AFTERNOON TEA

3:30pm – 4:00pm

SYSTEMATISED RESEARCH: BLENDING MACHINE LEARNING & HUMAN INTUITION

The fallibility of human decision making has led asset owners to increase their reliance on quantitative methods. However, are their limitations that investors need to look out for, such as new risks or governance issues, as they allocate more and more to the machine?

Paul Winter

Head of quantitative research, Asia-Pacific, UBS

Chair

Alex Proimos

Conference content producer, Conexus Financial

4:00pm – 4:30pm

HOW SHOULD FIDUCIARY INVESTORS THINK ABOUT THE REWARD FOR RISK?

In the short run, the sharemarket is mostly driven by investor sentiment causing over- and under-reactions to underlying fundamentals. But in the long run, the corporate cash flows are the drivers of returns. How does this translate to today?

Philip Straehl

Head of capital markets and asset allocation, Morningstar

Chair

Alex Proimos

Conference content producer, Conexus Financial

4:30pm – 5:30pm

SOCIAL LICENCES AND UNCONVENTIONAL RISK MANAGEMENT

Amplified by social platforms, society’s expectations are much higher than they once were and tolerance for egregious practices is much lower. How are fiduciaries allocating resources to the management of these risks?

Gary Gabriel

General manager, investment strategy and risk, HESTA Super

Emilio Gonzalez

Chief executive, BT Investment Management

Samuel Richards

Chief strategy officer, Brightlight Impact Advisory

Chair

Orla Cowan

Chief investment officer and head of CIO governance, ANZ Wealth

5:30pm

CLOSE

6:30pm – 9:00pm

OFFICIAL CONFERENCE DINNER

Day 3 – Wednesday – May 23

7:45am – 9:00am

INVESTOR-ONLY BREAKFAST

9:00am – 9:15am

TRANSFER FROM LILIANFELS TO THE HYDRO MAJESTIC BLUE MOUNTAINS

9:15am – 9:30am

9:30am – 10:15am

DYNAMIC EXPOSURES: OVERLAYS, TILTS, DERIVATIVES AND ALTERNATIVES

The Product Disclosure Statement bounds an asset owner’s allocation. However, asset owners are increasingly using internal models and tactical positioning to manage betas, protect the downside and unlock alpha.

Anthony Lawler

Co-head, GAM Systematic, GAM (UK)

Gwion Moore

Executive manager, investment strategy and portfolio management, Suncorp

Neil Williams

Chief strategist, global multi-asset team, QIC

Chair

Debbie Alliston

Head of multi-asset portfolio management, AMP Capital Investors

10:15am – 10:45am

MORNING TEA

10:45am – 11:30am

PASSIVE AND ACTIVE EXPOSURES AND HARVESTING EQUITY PREMIA

The equity risk premium remains one of the most reliable and accessible sources of returns. In an environment of depressed forward-looking returns, how should asset owners complement active and passive managers?

Laurent Laloux

Chief product officer, Capital Fund Management

Craig Lamb

Head of investment strategy, CommInsure

Anna Weickart

Senior portfolio manager, equities, Cbus Super

Chair

Michael McQueen

Senior investment analyst, Kinetic Super

11:30am – 12:15pm

FROM PUBLIC TO PRIVATE: LIQUIDITY AND THE COMPLEXITY PREMIA

Investors have increased their allocation to unlisted assets. Is the historical liquidity premia confounded by capital flows, cyclical debt restructuring and maturity extensions that will be hard to replicate?

Joshua Bloom

Senior portfolio manager, EISS

Andrew Fisher

Manager, asset allocation, Sunsuper

Bruce Phelps

Managing director and head of research, institutional advisory and solutions, PGIM (US)

Chair

Richard Hedley

Chief investment officer, State Super

12:15pm – 1:15pm

LUNCH

1:15pm – 2:15pm

COMPLEXITY: THE INVESTMENT PROCESS AND THE DIVERSIFICATION ILLUSION

Complexity increases cost while limiting outcomes. How can asset owners address the systemic issues in an investment and governance process reliant on a single investment strategy that results in over-diversification?

Andrew Lill

Chief investment officer, Asia-Pacific, Morningstar Investment Management

Bhanu Singh

Head of Asia-Pacific portfolio management, Dimensional Australia

Tim Unger

Head of advisory portfolio management, Australia, Willis Towers Watson

Chair

Mark Burgess

Chair, investment committee, HESTA Super

2:15pm – 3:00pm

REINVENTING THE BUCKETS: IMPLEMENTING A CUSTOMISED PORTFOLIO

Asset owners have typically broken portfolios into asset-class buckets and assigned investment managers. But a greater sophistication in understanding underlying risk factors has allowed a composition of more tailored strategies for differing member objectives.

Lukasz De Pourbaix

Chief investment officer, Lonsec Investment Solutions

Robert Graham-Smith

Senior investment analyst, Mine Super

Scott Tully

Head of investments, Colonial First State

Chair

Tim Unger

Head of advisory portfolio management, Australia, Willis Towers Watson

3:00pm – 3:15pm

CONFERENCE CLOSE

3:15pm – 3:20pm

TRANSFERS TO SYDNEY AIRPORT AND CBD

Day 1 – Monday – May 21

3:00pm – 5:30pm

TRANSFER FROM SYDNEY AIRPORT AND SYDNEY CBD TO THE BLUE MOUNTAINS

5:30pm – 6:00pm

6:00pm – 7:15pm

THE EVOLUTION OF TCORP’S PORTFOLIO AND FIDUCIARY DUTY

In this fireside chat, hear from TCorp’s CIO on his investment philosophy, market outlook, asset allocation, and the operational challenges and complexity in creating a long-term total portfolio approach.

Stewart Brentnall

NSW Treasury Corporation (TCorp), Chief investment Officer

Chair

Colin Tate

Chief executive, Conexus Financial

7:15pm – 9:00pm

WELCOME CANAPÉS AND NETWORKING DRINKS

9:00pm – 9:05pm

CONFERENCE DAY ONE CLOSE

Day 2 – Tuesday – May 22

8:30am – 9:00am

TRANSFER FROM LILIANFELS TO THE HYDRO MAJESTIC BLUE MOUNTAINS

9:00am – 9:15am

OFFICIAL EVENT WELCOME

9:15am – 10:30am

CHINA: WHAT DOES THE FUTURE LOOK LIKE?

Xi Jinping, at the 19th National Congress, declared a more activist and influential role in the world for the rising power, ending Deng Xiaoping’s so-called ‘hide and bide’ approach. What might Xi’s declaration of a new era entail?

Stephen Kotkin

John P. Birkelund ’52 Professor in History and International Affairs, Princeton University (US)

Chair

Colin Tate

Chief executive, Conexus Financial

10:30am – 11:00am

MORNING TEA

11:00am – 11:45am

THIS IS NO MINSKY MOMENT: CHINA’S ECONOMIC TRANSITION

China remains Australia’s largest export market. But questions have been raised about the efficiency with which credit generates economic activity. As the Asian giant begins a credit unwind, what impact does this have locally and globally?

Nigel Wilkin-Smith

Director, portfolio strategy, Future Fund

David Liao

Group general manager, HSBC Group; president and chief executive, HSBC Bank Company (China)

Chair

Stephen Kotkin

John P. Birkelund ’52 Professor in History and International Affairs, Princeton University (US)

11:45am – 12:30pm

SYNCHRONISED GROWTH, FUNDAMENTALS AND MARKET VALUATIONS

Despite expectations of global growth, there is uncertainty about the effects of monetary policy normalisation across asset classes. In this environment, how should investors be thinking about the common risk and factor exposures in their portfolio?

Olga Bitel

Partner, global strategist, William Blair (US)

Stephen Quance

Director of factor investing, Invesco

Chair

William Leong

Senior consultant, Frontier Advisors

12:30pm – 1:30pm

LUNCH

1:30pm – 2:10pm

MANAGING DOLLAR PAINS: MONETARY POLICY, YIELD GAPS AND JAWBONING

China, Russia, and India have agreed to accept each other’s currencies for bi-lateral trade and Europe has held euro together. Is the de-dollarisation upon us, or is a US dollar revival probable, along with Federal Reserve rate rises? How should investors comprehend currencies?

Nader Naeimi

Head of dynamic markets, portfolio manager, AMP Capital

Stuart Simmons

Senior portfolio manager, FX global liquid strategies, QIC

Chair

David Hartley

Director and chair of investment committee, Australian Catholic Superannuation and Retirement Fund

2:10pm – 3:00pm

LATE TO THE PARTY: CREDIT AND DEBT CYCLE

Central planners can only do so much before risk pricing turns. With hawkish views, less generous liquidity provisions, rising yields, and a flattening yield curve, how should investors position their fixed interest portfolio?

Vimal Gor

Head of income and fixed interest, BT Investment Management

George Lin

Senior investment manager, Colonial First State Investments

Ben McCaw

Portfolio manager, MLC Investment Management

Chair

Ian Lundy

Chief investment officer, Tasplan Super

3:00pm – 3:30pm

AFTERNOON TEA

3:30pm – 4:00pm

SYSTEMATISED RESEARCH: BLENDING MACHINE LEARNING & HUMAN INTUITION

The fallibility of human decision making has led asset owners to increase their reliance on quantitative methods. However, are their limitations that investors need to look out for, such as new risks or governance issues, as they allocate more and more to the machine?

Paul Winter

Head of quantitative research, Asia-Pacific, UBS

Chair

Alex Proimos

Conference content producer, Conexus Financial

4:00pm – 4:30pm

HOW SHOULD FIDUCIARY INVESTORS THINK ABOUT THE REWARD FOR RISK?

In the short run, the sharemarket is mostly driven by investor sentiment causing over- and under-reactions to underlying fundamentals. But in the long run, the corporate cash flows are the drivers of returns. How does this translate to today?

Philip Straehl

Head of capital markets and asset allocation, Morningstar

Chair

Alex Proimos

Conference content producer, Conexus Financial

4:30pm – 5:30pm

SOCIAL LICENCES AND UNCONVENTIONAL RISK MANAGEMENT

Amplified by social platforms, society’s expectations are much higher than they once were and tolerance for egregious practices is much lower. How are fiduciaries allocating resources to the management of these risks?

Gary Gabriel

General manager, investment strategy and risk, HESTA Super

Emilio Gonzalez

Chief executive, BT Investment Management

Samuel Richards

Chief strategy officer, Brightlight Impact Advisory

Chair

Orla Cowan

Chief investment officer and head of CIO governance, ANZ Wealth

5:30pm

CLOSE

6:30pm – 9:00pm

OFFICIAL CONFERENCE DINNER

Day 3 – Wednesday – May 23

7:45am – 9:00am

INVESTOR-ONLY BREAKFAST

9:00am – 9:15am

TRANSFER FROM LILIANFELS TO THE HYDRO MAJESTIC BLUE MOUNTAINS

9:15am – 9:30am

9:30am – 10:15am

DYNAMIC EXPOSURES: OVERLAYS, TILTS, DERIVATIVES AND ALTERNATIVES

The Product Disclosure Statement bounds an asset owner’s allocation. However, asset owners are increasingly using internal models and tactical positioning to manage betas, protect the downside and unlock alpha.

Anthony Lawler

Co-head, GAM Systematic, GAM (UK)

Gwion Moore

Executive manager, investment strategy and portfolio management, Suncorp

Neil Williams

Chief strategist, global multi-asset team, QIC

Chair

Debbie Alliston

Head of multi-asset portfolio management, AMP Capital Investors

10:15am – 10:45am

MORNING TEA

10:45am – 11:30am

PASSIVE AND ACTIVE EXPOSURES AND HARVESTING EQUITY PREMIA

The equity risk premium remains one of the most reliable and accessible sources of returns. In an environment of depressed forward-looking returns, how should asset owners complement active and passive managers?

Laurent Laloux

Chief product officer, Capital Fund Management

Craig Lamb

Head of investment strategy, CommInsure

Anna Weickart

Senior portfolio manager, equities, Cbus Super

Chair

Michael McQueen

Senior investment analyst, Kinetic Super

11:30am – 12:15pm

FROM PUBLIC TO PRIVATE: LIQUIDITY AND THE COMPLEXITY PREMIA

Investors have increased their allocation to unlisted assets. Is the historical liquidity premia confounded by capital flows, cyclical debt restructuring and maturity extensions that will be hard to replicate?

Joshua Bloom

Senior portfolio manager, EISS

Andrew Fisher

Manager, asset allocation, Sunsuper

Bruce Phelps

Managing director and head of research, institutional advisory and solutions, PGIM (US)

Chair

Richard Hedley

Chief investment officer, State Super

12:15pm – 1:15pm

LUNCH

1:15pm – 2:15pm

COMPLEXITY: THE INVESTMENT PROCESS AND THE DIVERSIFICATION ILLUSION

Complexity increases cost while limiting outcomes. How can asset owners address the systemic issues in an investment and governance process reliant on a single investment strategy that results in over-diversification?

Andrew Lill

Chief investment officer, Asia-Pacific, Morningstar Investment Management

Bhanu Singh

Head of Asia-Pacific portfolio management, Dimensional Australia

Tim Unger

Head of advisory portfolio management, Australia, Willis Towers Watson

Chair

Mark Burgess

Chair, investment committee, HESTA Super

2:15pm – 3:00pm

REINVENTING THE BUCKETS: IMPLEMENTING A CUSTOMISED PORTFOLIO

Asset owners have typically broken portfolios into asset-class buckets and assigned investment managers. But a greater sophistication in understanding underlying risk factors has allowed a composition of more tailored strategies for differing member objectives.

Lukasz De Pourbaix

Chief investment officer, Lonsec Investment Solutions

Robert Graham-Smith

Senior investment analyst, Mine Super

Scott Tully

Head of investments, Colonial First State

Chair

Tim Unger

Head of advisory portfolio management, Australia, Willis Towers Watson

3:00pm – 3:15pm

CONFERENCE CLOSE

3:15pm – 3:20pm

TRANSFERS TO SYDNEY AIRPORT AND CBD

Coming soon...