3:30pm – 4:45pm
Overview – Monday – November 18
TRANSFER FROM AIRPORT & MELBOURNE CBD TO HEALESVILLE
RACV Healesville Country Club
122 Healesville-Kinglake Road
Healesville, VIC 3777
Complimentary return airport and CBD transfers will be available for this event.
The coach to RACV Healesville Country Club will depart Melbourne Airport (Tullamarine) and Melbourne CBD (Russell St Extension) at approx. 3.30pm
Melbourne Airport: After collecting your luggage, please make your way to the Avis hire car desk, located inside the Qantas terminal. A member of the Conexus Financial team will be there with event signage.
Melbourne CBD: Make your way to the Russell Street Extension. This is located just behind Federation Square and the Ian Potter Centre. If you are using trains or trams, you can make your way to Flinders Street Station and then walk across the road to the Extension. A member of the Conexus Financial team will be there with event signage.
4:45pm – 5:00pm
REGISTRATION
Theatrette,
RACV Healesville Country Club
A: 122 Healesville-Kinglake Road,
Healesville, Victoria, 3777
P: +61 3 5962 4899
W: visit the website
5:00pm – 6:30pm
FUTURE FUND: PREPARING FOR THE DECADE AHEAD
6:30pm – 9:30pm
WELCOME CANAPES AND NETWORKING DRINKS
Gazebo Lawn,
RACV Healesville Country Club
122 Healesville-Kinglake Road
Healesville, VIC 3777|
P: +61 3 5962 4899
W: visit the website
Dress code: business casual
Onsite contact for welcome drinks:
Emma Brodie
M: +61 435 023 004
[email protected]
9:30pm
CONFERENCE CLOSE
Day 2 – Tuesday – November 19
8:30am – 9:00am
REGISTRATION AND NETWORKING
James Room,
RACV Healesville Country Club
A: 122 Healesville-Kinglake Road,
Healesville, Victoria, 3777
P: +61 3 5962 4899
W: visit the website
Dress code: business casual
9:00am – 9:10am
INTRODUCTION AND WELCOME
9:10am – 9:55am
LESSONS FROM HISTORY: ARE WE ALL BECOMING JAPAN?
The puzzle that perplexes investors is how Japan, with government debt to GDP around 256 per cent, seems to have perfected the debt load balancing act. As the broader world moves further into its biggest monetary experiment in history, what can be learned and what is unique about Japan’s situation?
PAPERS
PGIM Fixed Income - Following in Japan's Footsteps
PGIM Fixed Income - Fourth Quarter Market Outlook

Robert Tipp
9:55am – 10:55am
UNCONVENTIONAL MARKETS AND STRATEGIC ASSET ALLOCATION
Anyone who has remained bearish on global markets since the financial crisis has missed out on the most aggressive bull market. But with equities, bonds and currencies seemingly being kept within central bank control, capitalism almost non-existent, and globalisation seemingly in contraction, how are investors positioning for the next 10 years?

Stefan Dunatov
10:55am – 11:30am
MORNING TEA
11:30am – 12:00pm
MERCER CASE STUDY: TRANSFORMING THE INVESTMENT MODEL
12:00pm – 1:00pm
SUSTAINABLE DEVELOPMENT GOALS AND UNIVERSAL OWNERSHIP
The SDGs provide a global framework covering three broad areas; economic, social and environmental development – and 17 global specific goals, designed to encourage sustainable economies and markets. How can the SDGs assist investors improve their risk frameworks and articulate their investment strategy, as universal owners?
PAPERS
ASI Investing in a changing climate
Strategic Asset Allocation: ESG's New Frontier
1:00pm – 2:00pm
LUNCH
2:00pm – 2:30pm
APPLYING FACTOR INVESTING TO FIXED INTEREST: EMPIRICAL EVIDENCE
Bond investing has become more difficult as negative yielding bonds continue to break records in Europe but US treasury bond yields, while low, are still positive. With this backdrop, and as investors look to build income generating portfolios, this session will look at how factor investing can be utilised as an alternative portfolio construction approach.
2:30pm – 3:00pm
NOISE WARS: THE MISLEADING NATURE OF RISK AND CORRELATIONS
In a world highly driven by noise, increasing reliance on algorithmic trading and crowding, how is the market microstructure and trade execution effected? What impact does this have to the implementation of alternative beta strategies and their benchmarks?
PAPERS
How crowding in trade flow can adversely affect execution costs
Co-impact: Crowding effects in Institutional trading activity
3:00pm – 3:40pm
AFTERNOON TEA
3:40pm – 4:30pm
MEMBER OUTCOMES AND GOVERNANCE IN PARALLEL
This session revisits the discussion on member outcomes with respect to regulator expectations and how fiduciaries address governance challenges internally and with investments. The session will look at the role of the trustees, governance trends, benchmarking and global shareholder litigation trends.
4:30pm – 5:45pm
A HYPOTHETICAL: THE SUPER INDUSTRY IN 10 YEARS
5:45pm
CONFERENCE CLOSE
6:45pm – 9:30pm
OFFICIAL CONFERENCE DINNER
Oakridge Wines
A: 864 Maroondah Highway, Coldstream, Victoria 3770
W: visit the website
Dress Code: Business casual
Click here to view an interactive map
Day 3 – Wednesday – November 20
7:30am – 9:00am
SPONSOR ONLY BREAKFAST
Day Room
RACV Healesville Country Club
A: 122 Healesville-Kinglake Road,
Healesville, Victoria, 3777
W: visit the website
Onsite contact:
Bree Napier
[email protected]
M: +61 451 946 311
7:30am – 9:00am
ASSET OWNER BREAKFAST
Cole Room
RACV Healesville Country Club
A: 122 Healesville-Kinglake Road,
Healesville, Victoria, 3777
W: visit the website
Onsite contact:
Emma Brodie
[email protected]
M: +61 435 023 004
9:10am – 9:50am
ECONOMIC CONDITIONS AND MONETARY POLICY
Developed economies are in the latter stages of their long-term debt cycles and business cycles, with slow growth, low inflation, near zero interest rates, and QE largely spent. As monetary policy approaches the end of its useful life, stimulus will increasingly depend on fiscal policy coordinated with accommodative monetary policy (MP3). Europe and Japan are at this point already, and the Fed and BoE are one downturn away.
9:50am – 10:30am
TOTAL PORTFOLIO MANAGEMENT: ADVANTAGES VERSUS DISADVANTAGES
It has been argued that strategic asset allocation can overlook correlations between asset classes. In response, some investors have moved from traditional siloed approaches to total portfolio management. This session will examine the two approaches and look at how they differ in terms of practicality of implementation, the relative importance of investment cash flows, and the ability to be nimble in taking advantage of market mispricing.
10:30am – 10:50am
LEAPING THE GREAT WALL: OPERATIONAL CHALLENGES IN CHINA A-SHARES
Comprising of more than 16 percent of the emerging market investment universe, China A-shares offer both diversification and liquidity benefits. However, the operational setup and complexities in the microstructure of the Chinese market, the A-shares pose a number of implementation challenges that assets owners need to consider.
PAPERS
Dimensions of Expected Returns in the China A-Share and H-Share Stock Markets
Presentation: Leaping the great wall: Operational Challenges with Investing in China A-Shares
10:50am – 11:20am
MORNING TEA
11:20am – 11:50am
ACADEMIC SHOWCASE: UTILITY FUNCTIONS AND ANALYSING STRATEGIES
11:50am – 12:40pm
SOVEREIGN AND QUASI-SOVEREIGN FUNDS: OPPORTUNITIES AND CHALLENGES
This session will look at the findings from this year’s global sovereign asset management study, and hear from two asset owners as they discuss their investment beliefs, opportunities, and challenges as they evolve their investment decision-making process, governance, and capital deployment.
PAPERS
Executive summary - Invesco Global Sovereign Asset Management Study 2019
Invesco Global Sovereign Asset Management Study 2019
12:40pm – 1:30pm
LUNCH
1:30pm – 2:15pm
STRATEGIC PARTNERSHIPS AND THE FUTURE OF ASSET MANAGERS
2:15pm – 3:00pm
REMINISCING: THE CHALLENGE OF THE ROLE AND BOARD EXPECTATIONS
3:00pm
CONFERENCE CLOSE
3:15pm
TRANSFER TO MELBOURNE CBD AND AIRPORT
Complimentary transfer service at approx. 3.15pm
Meet at the Lobby of RACV to Melbourne Airport
Meet at the Lobby of the RACV to Melbourne Russell Street Extension
Onsite contact for transfers:
Emma Brodie
[email protected]
M: +61 435 023 004
Day 1 – Monday – November 18
3:30pm – 4:45pm
TRANSFER FROM AIRPORT & MELBOURNE CBD TO HEALESVILLE
RACV Healesville Country Club
122 Healesville-Kinglake Road
Healesville, VIC 3777
Complimentary return airport and CBD transfers will be available for this event.
The coach to RACV Healesville Country Club will depart Melbourne Airport (Tullamarine) and Melbourne CBD (Russell St Extension) at approx. 3.30pm
Melbourne Airport: After collecting your luggage, please make your way to the Avis hire car desk, located inside the Qantas terminal. A member of the Conexus Financial team will be there with event signage.
Melbourne CBD: Make your way to the Russell Street Extension. This is located just behind Federation Square and the Ian Potter Centre. If you are using trains or trams, you can make your way to Flinders Street Station and then walk across the road to the Extension. A member of the Conexus Financial team will be there with event signage.
4:45pm – 5:00pm
REGISTRATION
Theatrette,
RACV Healesville Country Club
A: 122 Healesville-Kinglake Road,
Healesville, Victoria, 3777
P: +61 3 5962 4899
W: visit the website
5:00pm – 6:30pm
FUTURE FUND: PREPARING FOR THE DECADE AHEAD
6:30pm – 9:30pm
WELCOME CANAPES AND NETWORKING DRINKS
Gazebo Lawn,
RACV Healesville Country Club
122 Healesville-Kinglake Road
Healesville, VIC 3777|
P: +61 3 5962 4899
W: visit the website
Dress code: business casual
Onsite contact for welcome drinks:
Emma Brodie
M: +61 435 023 004
[email protected]
9:30pm
CONFERENCE CLOSE
Day 2 – Tuesday – November 19
8:30am – 9:00am
REGISTRATION AND NETWORKING
James Room,
RACV Healesville Country Club
A: 122 Healesville-Kinglake Road,
Healesville, Victoria, 3777
P: +61 3 5962 4899
W: visit the website
Dress code: business casual
9:00am – 9:10am
INTRODUCTION AND WELCOME
9:10am – 9:55am
LESSONS FROM HISTORY: ARE WE ALL BECOMING JAPAN?
The puzzle that perplexes investors is how Japan, with government debt to GDP around 256 per cent, seems to have perfected the debt load balancing act. As the broader world moves further into its biggest monetary experiment in history, what can be learned and what is unique about Japan’s situation?
PAPERS
PGIM Fixed Income - Following in Japan's Footsteps
PGIM Fixed Income - Fourth Quarter Market Outlook

Robert Tipp
9:55am – 10:55am
UNCONVENTIONAL MARKETS AND STRATEGIC ASSET ALLOCATION
Anyone who has remained bearish on global markets since the financial crisis has missed out on the most aggressive bull market. But with equities, bonds and currencies seemingly being kept within central bank control, capitalism almost non-existent, and globalisation seemingly in contraction, how are investors positioning for the next 10 years?

Stefan Dunatov
10:55am – 11:30am
MORNING TEA
11:30am – 12:00pm
MERCER CASE STUDY: TRANSFORMING THE INVESTMENT MODEL
12:00pm – 1:00pm
SUSTAINABLE DEVELOPMENT GOALS AND UNIVERSAL OWNERSHIP
The SDGs provide a global framework covering three broad areas; economic, social and environmental development – and 17 global specific goals, designed to encourage sustainable economies and markets. How can the SDGs assist investors improve their risk frameworks and articulate their investment strategy, as universal owners?
PAPERS
ASI Investing in a changing climate
Strategic Asset Allocation: ESG's New Frontier
1:00pm – 2:00pm
LUNCH
2:00pm – 2:30pm
APPLYING FACTOR INVESTING TO FIXED INTEREST: EMPIRICAL EVIDENCE
Bond investing has become more difficult as negative yielding bonds continue to break records in Europe but US treasury bond yields, while low, are still positive. With this backdrop, and as investors look to build income generating portfolios, this session will look at how factor investing can be utilised as an alternative portfolio construction approach.
2:30pm – 3:00pm
NOISE WARS: THE MISLEADING NATURE OF RISK AND CORRELATIONS
In a world highly driven by noise, increasing reliance on algorithmic trading and crowding, how is the market microstructure and trade execution effected? What impact does this have to the implementation of alternative beta strategies and their benchmarks?
PAPERS
How crowding in trade flow can adversely affect execution costs
Co-impact: Crowding effects in Institutional trading activity
3:00pm – 3:40pm
AFTERNOON TEA
3:40pm – 4:30pm
MEMBER OUTCOMES AND GOVERNANCE IN PARALLEL
This session revisits the discussion on member outcomes with respect to regulator expectations and how fiduciaries address governance challenges internally and with investments. The session will look at the role of the trustees, governance trends, benchmarking and global shareholder litigation trends.
4:30pm – 5:45pm
A HYPOTHETICAL: THE SUPER INDUSTRY IN 10 YEARS
5:45pm
CONFERENCE CLOSE
6:45pm – 9:30pm
OFFICIAL CONFERENCE DINNER
Oakridge Wines
A: 864 Maroondah Highway, Coldstream, Victoria 3770
W: visit the website
Dress Code: Business casual
Click here to view an interactive map
Day 3 – Wednesday – November 20
7:30am – 9:00am
SPONSOR ONLY BREAKFAST
Day Room
RACV Healesville Country Club
A: 122 Healesville-Kinglake Road,
Healesville, Victoria, 3777
W: visit the website
Onsite contact:
Bree Napier
[email protected]
M: +61 451 946 311
7:30am – 9:00am
ASSET OWNER BREAKFAST
Cole Room
RACV Healesville Country Club
A: 122 Healesville-Kinglake Road,
Healesville, Victoria, 3777
W: visit the website
Onsite contact:
Emma Brodie
[email protected]
M: +61 435 023 004
9:10am – 9:50am
ECONOMIC CONDITIONS AND MONETARY POLICY
Developed economies are in the latter stages of their long-term debt cycles and business cycles, with slow growth, low inflation, near zero interest rates, and QE largely spent. As monetary policy approaches the end of its useful life, stimulus will increasingly depend on fiscal policy coordinated with accommodative monetary policy (MP3). Europe and Japan are at this point already, and the Fed and BoE are one downturn away.
9:50am – 10:30am
TOTAL PORTFOLIO MANAGEMENT: ADVANTAGES VERSUS DISADVANTAGES
It has been argued that strategic asset allocation can overlook correlations between asset classes. In response, some investors have moved from traditional siloed approaches to total portfolio management. This session will examine the two approaches and look at how they differ in terms of practicality of implementation, the relative importance of investment cash flows, and the ability to be nimble in taking advantage of market mispricing.
10:30am – 10:50am
LEAPING THE GREAT WALL: OPERATIONAL CHALLENGES IN CHINA A-SHARES
Comprising of more than 16 percent of the emerging market investment universe, China A-shares offer both diversification and liquidity benefits. However, the operational setup and complexities in the microstructure of the Chinese market, the A-shares pose a number of implementation challenges that assets owners need to consider.
PAPERS
Dimensions of Expected Returns in the China A-Share and H-Share Stock Markets
Presentation: Leaping the great wall: Operational Challenges with Investing in China A-Shares
10:50am – 11:20am
MORNING TEA
11:20am – 11:50am
ACADEMIC SHOWCASE: UTILITY FUNCTIONS AND ANALYSING STRATEGIES
11:50am – 12:40pm
SOVEREIGN AND QUASI-SOVEREIGN FUNDS: OPPORTUNITIES AND CHALLENGES
This session will look at the findings from this year’s global sovereign asset management study, and hear from two asset owners as they discuss their investment beliefs, opportunities, and challenges as they evolve their investment decision-making process, governance, and capital deployment.
PAPERS
Executive summary - Invesco Global Sovereign Asset Management Study 2019
Invesco Global Sovereign Asset Management Study 2019
12:40pm – 1:30pm
LUNCH
1:30pm – 2:15pm
STRATEGIC PARTNERSHIPS AND THE FUTURE OF ASSET MANAGERS
2:15pm – 3:00pm
REMINISCING: THE CHALLENGE OF THE ROLE AND BOARD EXPECTATIONS
3:00pm
CONFERENCE CLOSE
3:15pm
TRANSFER TO MELBOURNE CBD AND AIRPORT
Complimentary transfer service at approx. 3.15pm
Meet at the Lobby of RACV to Melbourne Airport
Meet at the Lobby of the RACV to Melbourne Russell Street Extension
Onsite contact for transfers:
Emma Brodie
[email protected]
M: +61 435 023 004