Overview – Tuesday – May 19

8:30am – 8:35am

Welcome Day One | Morning Session

8:35am – 9:25am

Central banks, financial stability, MMT and a looming depression

Governments and central banks are grappling to find monetary and fiscal responses to the unprecedented global health crisis that has suspended large parts of the economy. This session explores the investment implications from such extraordinary actions.

Mark Delaney

Chief investment officer and deputy chief executive, AustralianSuper

Allison Hill

Deputy chief investment officer, state investments, QIC

Bob Prince

Co-chief investment officer, Bridgewater Associates

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

9:25am – 9:55am

The great inflation-deflation debate: a bet each way

Low interest rates and quantitative easing were used by central banks to help reach their target inflation rates, but its major impact was to create asset bubbles. Now with these asset bubbles deflating, is deflation likely or will QE infinity finally spark some inflation?

Vimal Gor

head of bond, income & defensive strategies, Pendal Group

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

9:55am – 10:20am

No stranger to distress: treading carefully in the minefield of Chinese debt

Even before the pandemic, China was witnessing an increase in non-performing loans. With weaker economic conditions, the stress in global credit markets has increased. In this session we will explore its impact on Chinese distressed debt and how it compares to the US and Europe?

Benjamin Fanger

Managing partner and founder, ShoreVest Partners

Chair

Laurence Parker-Brown

Institutional content producer, Conexus Financial

10:20am – 11:05am

Reshaping global order: Early and long-term fallouts from the coronavirus crisis

Does the pandemic mark the end of globalisation? Will existing geopolitical trends accelerate or is a new order coming where China is the ultimate beneficiary? In this time of upheaval, what can be learned from history about the next possible shocks and fallout?

Stephen Kotkin

Professor of history and international affairs, Princeton University (USA)

Chair

Colin Tate

Chief executive, Conexus Financial

11:05am – 11:30am

Currency management, reflexivity and the next regime change

Despite an increasing willingness to invest globally, asset owners typically run static hedge ratios on their portfolios to manage currency risk. But is this a big mistake? The Australian dollar fell 1450 basis points from 1 January 2020 to 20 March, and has subsequently rallied 900 basis points.

 

Stuart Simmons

Head of currency, QIC

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

11:30am

Close Day One | Morning Session

3:30pm – 3:35pm

Welcome Day One | Afternoon Session

3:35pm – 4:00pm

Resilience: systemic financial crises and human vulnerability

The framework for understanding the impact of COVID-19 is not unique. Its impact on land, labour and capital is consistent with climate risk such as extreme weather events, or Green Swans. As asset owners evaluate their portfolio, what questions should they be asking on modelling risk and building resilience?

 

Frédéric Samama

Head of responsible investment, Amundi

Chair

Amanda White

Director of institutional content, Top1000funds.com, Conexus Financial

4:00pm – 4:25pm

Triggers, credit and high yield: understanding the debt markets

The impact of COVID-19 has changed the dynamics in credit markets causing a blurring of spreads between investment grade and high yield and public and private debt. The session will examine potential opportunities created by this dislocation.

 

David Newman

Chief investment officer, head of global high yield, Allianz Global Investors

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

4:25pm – 4:50pm

Liquidity-driven dislocations and central bank distortions: opportunities in European credit markets

The rush for liquidity by investors and the response by central banks globally to the current crisis has created dislocations in the capital markets and led to a mispricing of risk. How should investors heed the market stress and related policy interventions when seeking attractive risk-adjusted returns in credit?

Stuart Fiertz

President and director of research, Cheyne Capital

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

4:50pm – 5:15pm

Probing emerging markets and China in a crisis

Are emerging markets the next domino to fall? While EM demographics and debt levels are comparatively better than developed markets, is the region resilient to hot money outflows that are common during a crisis?

Geoffrey Wong

Head of emerging markets and Asia Pacific equities, UBS Asset Management

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

5:15pm – 6:00pm

The Role and Responsibilities of Fiduciaries in a Crisis

In this session, four fiduciaries discuss the questions being asked around the virtual committee tables, redefining the responsibilities of super funds, decision-making in a time of immense disruption, and ensuring best practice governance in a crisis environment.

Anne-Marie Corboy

Independent director, chair, Telstra Super

Naomi Edwards

Independent chair and investment committee, Tasplan

David Hartley

Investment committee chair, Australian Catholic Superannuation and Retirement Fund

Gerard Parlevliet

Chair, investment committee, Prime Super

Chair

Colin Tate

Chief executive, Conexus Financial

6:00pm

Close Day One | Afternoon Session

Day 2 – Wednesday – May 20

8:30am – 8:35am

Welcome Day Two | Morning Session

8:35am – 9:05am

Ending the passive: active navigation in a new market environment

After a decade of central bank stimulus and risky asset price support, investors became oblivious to malinvestment and mischaracterised risk. The COVID-19 pandemic has further exacerbated this support and exposed the fragility of passive investing. Is this the start of a resurgence in active management

 

Brian Singer

Head of the dynamic allocation strategies team, William Blair

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

9:05am – 9:35am

From the Retail Platforms: Stakeholder Management and Investment Decision-Making

In this session two CIOs discuss how they are working with their teams, managing stakeholders and reviewing portfolio allocations. They will also talk about their views on active and passive management, alternatives, liquidity and where they see investment opportunities resulting from COVID-19.

Debbie Alliston

Chief investment officer, multi asset group, AMP Capital

Scott Tully

General manager investments, Colonial First State

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

9:35am – 10:00am

Underlying risks: unlisted, uncorrelated and unclear

The lure of uncorrelated returns and low volatility led to an insatiable demand for unlisted assets but those characteristics have been shaken in the face of the current economic and health crisis. How should investors marry the risks of unlisted assets with the rewards?

David Bell

Executive director, The Conexus Institute

Ian Fryer

Head of research, Chant West

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

10:00am – 10:30am

Case study: transforming VFMC – evolving to a self-propelling, self-sustaining organisation

The dislocation in markets, exacerbated by the pandemic, has been a looming threat. In this session, VFMC’s CEO and CIO will talk about the organisation’s transformation across technology, investment expertise, leadership, culture and capability to position VFMC for the next decade.

Russell Clarke

Chief investment officer, VFMC

Lisa Gray

Chief executive officer, VFMC

Chair

Amanda White

Director of institutional content, Top1000funds.com, Conexus Financial

10:30am – 10:55am

Evaluating an Alternative Energy-Powered Future

Three-quarters of new global electricity generation capacity built last year used renewable energy. While the trajectory has been positive how should investors view the recent turmoil in oil markets and its relative impact on the fundamentals and asset performance for renewable energy globally?

 

Sam Reynolds

Managing director, Octopus Investments

Chair

Laurence Parker-Brown

Institutional content producer, Conexus Financial

10:55am – 11:30am

Re-evaluation, rebalancing, and implementation: gaining an edge from the crisis

The recent market volatility has funds reviewing their investment processes and strategy. In this session, panelists will discuss whether it is best for a fund to structurally change the strategic asset allocation or to make tactical bets to generate alpha. The session will also explore investment ideas from advice to implementation.

Paul Newfield

Director of sector research, Frontier Advisors

David Surridge

Senior consultant, JANA

Dania Zinurova

Director of manager research Australia, Willis Towers Watson

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

11:30am

Close Day Two | Morning Session

3:30pm – 3:35pm

Welcome Day Two | Afternoon Session

3:35pm – 4:00pm

Conquering the virus: “Hey Alexa, can you cure this pandemic?”

Since the first person contracted COVID-19, we have witnessed a quantum change in how we approach medicine. What may have taken 10 years historically has been achieved in 6 weeks as a network of 300 hospitals joined with Amazon and IBM in using big data and AI to save lives. So, what comes next?

John Fraser

Professor at Prince Charles hospital Northside clinical unit, faculty of medicine, The University of Queensland

Chair

Laurence Parker-Brown

Institutional content producer, Conexus Financial

4:00pm – 4:25pm

Living up to nature: catastrophe insurance, uncorrelated returns and the complexity premia

Investors have witnessed the effect of COVID-19 on financial and real assets. What impact has the health crisis had on insurance and reinsurance? How have catastrophe bonds, insurance bonds and insurance stocks faired during the pandemic and what should investors look for as they evaluate insurance-linked securities?

Urs Ramseier

Chief executive and chief investment officer, Twelve Capital

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

4:25pm – 4:50pm

Building a strategic partnership: best practice for the next decade

This session is a case study of First State Super’s decision to internalise its systematic investment capability with the help of HSBC. It explores the advantages and challenges of a collaborative process that shares research, intellectual property modelling and system support versus a traditional transaction deal.

 

Ross Barry

Head of systematic and impact investing, First State Super

Vis Nayar

Deputy chief investment officer, equities and head of systematic strategies, HSBC Global Management

Chair

Amanda White

Director of institutional content, Top1000funds.com, Conexus Financial

4:50pm – 5:30pm

Building resilience: portfolio construction, investment strategy and risk management

The fallout from the coronavirus is a valuable lesson on the importance of understanding risk. Whether COVID-19 is considered a black or white swan, this session covers the lessons fiduciaries learned about themselves, their teams, decision making, and key inputs for portfolio construction?

Kristian Fok

Chief investment officer, Cbus Super

Rob Hogg

Head of global strategies and quant methods, UniSuper

Kylie Willment

Chief investment officer, Mercer Australia

Chair

Colin Tate

Chief executive, Conexus Financial

5:30pm

Close Day Two | Afternoon Session

Day 1 – Tuesday – May 19

8:30am – 8:35am

Welcome Day One | Morning Session

8:35am – 9:25am

Central banks, financial stability, MMT and a looming depression

Governments and central banks are grappling to find monetary and fiscal responses to the unprecedented global health crisis that has suspended large parts of the economy. This session explores the investment implications from such extraordinary actions.

Mark Delaney

Chief investment officer and deputy chief executive, AustralianSuper

Allison Hill

Deputy chief investment officer, state investments, QIC

Bob Prince

Co-chief investment officer, Bridgewater Associates

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

9:25am – 9:55am

The great inflation-deflation debate: a bet each way

Low interest rates and quantitative easing were used by central banks to help reach their target inflation rates, but its major impact was to create asset bubbles. Now with these asset bubbles deflating, is deflation likely or will QE infinity finally spark some inflation?

Vimal Gor

head of bond, income & defensive strategies, Pendal Group

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

9:55am – 10:20am

No stranger to distress: treading carefully in the minefield of Chinese debt

Even before the pandemic, China was witnessing an increase in non-performing loans. With weaker economic conditions, the stress in global credit markets has increased. In this session we will explore its impact on Chinese distressed debt and how it compares to the US and Europe?

Benjamin Fanger

Managing partner and founder, ShoreVest Partners

Chair

Laurence Parker-Brown

Institutional content producer, Conexus Financial

10:20am – 11:05am

Reshaping global order: Early and long-term fallouts from the coronavirus crisis

Does the pandemic mark the end of globalisation? Will existing geopolitical trends accelerate or is a new order coming where China is the ultimate beneficiary? In this time of upheaval, what can be learned from history about the next possible shocks and fallout?

Stephen Kotkin

Professor of history and international affairs, Princeton University (USA)

Chair

Colin Tate

Chief executive, Conexus Financial

11:05am – 11:30am

Currency management, reflexivity and the next regime change

Despite an increasing willingness to invest globally, asset owners typically run static hedge ratios on their portfolios to manage currency risk. But is this a big mistake? The Australian dollar fell 1450 basis points from 1 January 2020 to 20 March, and has subsequently rallied 900 basis points.

 

Stuart Simmons

Head of currency, QIC

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

11:30am

Close Day One | Morning Session

3:30pm – 3:35pm

Welcome Day One | Afternoon Session

3:35pm – 4:00pm

Resilience: systemic financial crises and human vulnerability

The framework for understanding the impact of COVID-19 is not unique. Its impact on land, labour and capital is consistent with climate risk such as extreme weather events, or Green Swans. As asset owners evaluate their portfolio, what questions should they be asking on modelling risk and building resilience?

 

Frédéric Samama

Head of responsible investment, Amundi

Chair

Amanda White

Director of institutional content, Top1000funds.com, Conexus Financial

4:00pm – 4:25pm

Triggers, credit and high yield: understanding the debt markets

The impact of COVID-19 has changed the dynamics in credit markets causing a blurring of spreads between investment grade and high yield and public and private debt. The session will examine potential opportunities created by this dislocation.

 

David Newman

Chief investment officer, head of global high yield, Allianz Global Investors

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

4:25pm – 4:50pm

Liquidity-driven dislocations and central bank distortions: opportunities in European credit markets

The rush for liquidity by investors and the response by central banks globally to the current crisis has created dislocations in the capital markets and led to a mispricing of risk. How should investors heed the market stress and related policy interventions when seeking attractive risk-adjusted returns in credit?

Stuart Fiertz

President and director of research, Cheyne Capital

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

4:50pm – 5:15pm

Probing emerging markets and China in a crisis

Are emerging markets the next domino to fall? While EM demographics and debt levels are comparatively better than developed markets, is the region resilient to hot money outflows that are common during a crisis?

Geoffrey Wong

Head of emerging markets and Asia Pacific equities, UBS Asset Management

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

5:15pm – 6:00pm

The Role and Responsibilities of Fiduciaries in a Crisis

In this session, four fiduciaries discuss the questions being asked around the virtual committee tables, redefining the responsibilities of super funds, decision-making in a time of immense disruption, and ensuring best practice governance in a crisis environment.

Anne-Marie Corboy

Independent director, chair, Telstra Super

Naomi Edwards

Independent chair and investment committee, Tasplan

David Hartley

Investment committee chair, Australian Catholic Superannuation and Retirement Fund

Gerard Parlevliet

Chair, investment committee, Prime Super

Chair

Colin Tate

Chief executive, Conexus Financial

6:00pm

Close Day One | Afternoon Session

Day 2 – Wednesday – May 20

8:30am – 8:35am

Welcome Day Two | Morning Session

8:35am – 9:05am

Ending the passive: active navigation in a new market environment

After a decade of central bank stimulus and risky asset price support, investors became oblivious to malinvestment and mischaracterised risk. The COVID-19 pandemic has further exacerbated this support and exposed the fragility of passive investing. Is this the start of a resurgence in active management

 

Brian Singer

Head of the dynamic allocation strategies team, William Blair

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

9:05am – 9:35am

From the Retail Platforms: Stakeholder Management and Investment Decision-Making

In this session two CIOs discuss how they are working with their teams, managing stakeholders and reviewing portfolio allocations. They will also talk about their views on active and passive management, alternatives, liquidity and where they see investment opportunities resulting from COVID-19.

Debbie Alliston

Chief investment officer, multi asset group, AMP Capital

Scott Tully

General manager investments, Colonial First State

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

9:35am – 10:00am

Underlying risks: unlisted, uncorrelated and unclear

The lure of uncorrelated returns and low volatility led to an insatiable demand for unlisted assets but those characteristics have been shaken in the face of the current economic and health crisis. How should investors marry the risks of unlisted assets with the rewards?

David Bell

Executive director, The Conexus Institute

Ian Fryer

Head of research, Chant West

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

10:00am – 10:30am

Case study: transforming VFMC – evolving to a self-propelling, self-sustaining organisation

The dislocation in markets, exacerbated by the pandemic, has been a looming threat. In this session, VFMC’s CEO and CIO will talk about the organisation’s transformation across technology, investment expertise, leadership, culture and capability to position VFMC for the next decade.

Russell Clarke

Chief investment officer, VFMC

Lisa Gray

Chief executive officer, VFMC

Chair

Amanda White

Director of institutional content, Top1000funds.com, Conexus Financial

10:30am – 10:55am

Evaluating an Alternative Energy-Powered Future

Three-quarters of new global electricity generation capacity built last year used renewable energy. While the trajectory has been positive how should investors view the recent turmoil in oil markets and its relative impact on the fundamentals and asset performance for renewable energy globally?

 

Sam Reynolds

Managing director, Octopus Investments

Chair

Laurence Parker-Brown

Institutional content producer, Conexus Financial

10:55am – 11:30am

Re-evaluation, rebalancing, and implementation: gaining an edge from the crisis

The recent market volatility has funds reviewing their investment processes and strategy. In this session, panelists will discuss whether it is best for a fund to structurally change the strategic asset allocation or to make tactical bets to generate alpha. The session will also explore investment ideas from advice to implementation.

Paul Newfield

Director of sector research, Frontier Advisors

David Surridge

Senior consultant, JANA

Dania Zinurova

Director of manager research Australia, Willis Towers Watson

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

11:30am

Close Day Two | Morning Session

3:30pm – 3:35pm

Welcome Day Two | Afternoon Session

3:35pm – 4:00pm

Conquering the virus: “Hey Alexa, can you cure this pandemic?”

Since the first person contracted COVID-19, we have witnessed a quantum change in how we approach medicine. What may have taken 10 years historically has been achieved in 6 weeks as a network of 300 hospitals joined with Amazon and IBM in using big data and AI to save lives. So, what comes next?

John Fraser

Professor at Prince Charles hospital Northside clinical unit, faculty of medicine, The University of Queensland

Chair

Laurence Parker-Brown

Institutional content producer, Conexus Financial

4:00pm – 4:25pm

Living up to nature: catastrophe insurance, uncorrelated returns and the complexity premia

Investors have witnessed the effect of COVID-19 on financial and real assets. What impact has the health crisis had on insurance and reinsurance? How have catastrophe bonds, insurance bonds and insurance stocks faired during the pandemic and what should investors look for as they evaluate insurance-linked securities?

Urs Ramseier

Chief executive and chief investment officer, Twelve Capital

Chair

Alex Proimos

Head of institutional content, domestic events, Conexus Financial

4:25pm – 4:50pm

Building a strategic partnership: best practice for the next decade

This session is a case study of First State Super’s decision to internalise its systematic investment capability with the help of HSBC. It explores the advantages and challenges of a collaborative process that shares research, intellectual property modelling and system support versus a traditional transaction deal.

 

Ross Barry

Head of systematic and impact investing, First State Super

Vis Nayar

Deputy chief investment officer, equities and head of systematic strategies, HSBC Global Management

Chair

Amanda White

Director of institutional content, Top1000funds.com, Conexus Financial

4:50pm – 5:30pm

Building resilience: portfolio construction, investment strategy and risk management

The fallout from the coronavirus is a valuable lesson on the importance of understanding risk. Whether COVID-19 is considered a black or white swan, this session covers the lessons fiduciaries learned about themselves, their teams, decision making, and key inputs for portfolio construction?

Kristian Fok

Chief investment officer, Cbus Super

Rob Hogg

Head of global strategies and quant methods, UniSuper

Kylie Willment

Chief investment officer, Mercer Australia

Chair

Colin Tate

Chief executive, Conexus Financial

5:30pm

Close Day Two | Afternoon Session