Overview – Monday – November 19

3:30pm – 4:45pm

5:00pm – 5:25pm

REGISTRATION AND CANAPÉS

5:25pm – 5:30pm

DAY ONE WELCOME

5:30pm – 7:00pm

PRIVATE MARKETS AND PUBLIC MARKETS: A LOOK INTO THE FUTURE

In this fireside chat, we will hear how the Future Fund:

  • ensures an organisational structure consistent with investment opportunities
  • stays nimble and efficient as part of a growing collaborative team
  • uses technology and risk insights to improve their investment process

David George

Deputy chief investment officer, public markets, Future Fund

Wendy Norris

Deputy chief investment officer, private markets, Future Fund

Chair

Colin Tate

Chief executive, Conexus Financial

7:00pm – 9:30pm

WELCOME DINNER

Day 2 – Tuesday – November 20

8:30am – 9:00am

Registration

9:00am – 9:15am

WELCOME DAY TWO

9:15am – 10:15am

GEOPOLITICS, MARKETS AND VOLATILITY AS AN INSTRUMENT OF TRUTH

In this panel session, we will hear how investors are:

  • evaluating the dichotomy between sentiment and economic reality
  • deconstructing unconventional politics, diverging central bank monetary policy and volatility
  • factoring in return expectations, liquidity and hidden risks in a new market regime.

Allison Hill

Director of investments, global multi-asset, QIC

Steve McKenna

Head of investment advisory, TCorp

Mark Rider

Chief investment officer, ANZ Wealth

Chair

Colin Tate

Chief executive, Conexus Financial

10:15am – 11:00am

EMERGING MARKETS: UNCERTAINTY VERSUS HIDDEN POTENTIAL

In this panel session, we will discuss:

  • decoupling of world markets, the impact of trade wars, the narrative and fundamentals
  • repercussions of tightening global monetary policy and a stronger US dollar
  • threats of contagion, idiosyncratic investment catalysts and opportunities.

Jamie Grant

Head of emerging markets and Asian fixed income, First State Stewart Asia

Joaquim Nogueira

Investment manager, GAM

Chair

Jeremy Wilmot

Senior consultant, JANA

11:00am – 11:30am

MORNING TEA

11:30am – 12:15pm

NON-MODERN PORTFOLIO THEORY: VOLATILITY AND RISK METRICS

In this panel session, we will explore how investors are:

  • managing risk and ensuring their profile of risk remains constant through time
  • using technology to integrate data science into asset management
  • taking a leap of faith in terms of expected correlations, diversification and portfolio theory.

David Bell

Chief investment officer, Mine Super   

Andrew Fisher

Manager, asset allocation, Sunsuper

Philippe Jordan

President, CFM

Chair

Gerard Parlevliet

Investment committee chair, Prime Super

12:15pm – 12:45pm

ALL-WEATHER CREDIT: LATE CYCLE AND THE EVOLUTION OF BORROWER RELATIONSHIPS

In this session, we will take a critical look at the private credit markets:

  • Are we at a tipping point in private credit as investors look beyond sponsor-led lending?
  • As monetary policy tightens and the business cycle ages, how should investors consider the volatility, liquidity and credit risk vis-a-vis returns?
  • Should investors view private credit as a tactical or strategic asset allocation?

PAPERS

Total portfolio factor not just asset allocation

Justin Ferrier

Managing director, Asian Private Credit, BlackRock

Chair

Alex Proimos

Conference content producer, Conexus Financial

12:45pm – 1:45pm

LUNCH

1:45pm – 2:30pm

STREAMS OF INCOME FOR RETIREMENT: DEBT, YIELD…AND WHAT ELSE?

In this panel session, we will investigate:

  • new investment strategies for income in a low-yield environment
  • the role of private debt, infrastructure, real estate and authorised deposit taking institutions
  • suitable implementation options for providing CIPR/MyRetirement solutions.

Chris Nichols

Head of multi-asset investment specialists, Aberdeen Standard Investments

Bhanu Singh

Head of Asia-Pacific portfolio management, Dimensional Fund Advisors

Nick White

Director of portfolio construction research, Mercer

Chair

Jacki Ellis

Portfolio manager, retirement strategy, First State Super

2:30pm – 3:00pm

21ST-CENTURY TECHNOLOGY AND THE CHALLENGE OF ENERGY INFRASTRUCTURE

In this session, we will discuss the future of energy, in particular:

  • sensible ways to transition from traditional energy to clean energy infrastructure
  • renewable energy investment feasibility locally and internationally
  • new developments in bio mass and landfill gas, anaerobic digestion, and mapping to ESG.

Sam Reynolds

Managing director, Octopus Investments

Chair

Justin Webb

Head of risk, Whitehelm Capital

3:00pm – 3:30pm

AFTERNOON TEA

3:30pm – 4:00pm

CHANGING THEMATICS, DESIGN AND USE IN REAL ESTATE

In this session, we will learn about:

  • the impact of societal change on single-use and multipurpose real estate
  • technological improvements, AI and the integration of new design
  • new building energy ratings, sustainability requirements and climate change considerations.

PAPERS

The technology frontier

Peter Hayes

Global head of investment research, PGIM

Chair

Alex Proimos

Conference content producer, Conexus Financial

4:00pm – 4:45pm

OUTCOMES FROM THE COMMISSIONS: ETHICS, CULTURE AND THE SUPER FUTURE

In this panel session, we delve into the issues affecting the super industry, such as:

  • cultural mishaps, behavioural biases, and the role of greater transparency and regulation
  • social contracts and the political war between industry and retail funds
  • what best-in-class looks like and predictions for the superannuation industry’s future.

PAPERS

8 Myths about super fund member engagement
A very simple thing some investment professionals are not doing
Conflicts of interest - just another bias?
The human psychology at the centre of the CBA machine
The psychology behind why some client-centric strategies don’t translate into good client outcomes

Louise Davidson

Chief executive, Australian Council of Superannuation Investors

Simon Russell

Director, Behavioural Finance Australia

Chair

Colin Tate

Chief executive, Conexus Financial

4:45pm – 5:30pm

NO TIME TO GLOAT: THE ISSUES THAT REMAIN IN SUPERANNUATION

In this confronting Q&A session, we will seek to answer the following:

  • What is defined as a balanced fund; how are they constructed and measured?
  • What are the hidden governance challenges of internalisation?
  • Is a super fund a principal or an agent – are super funds inherently conflicted?

Rob Prugue

Founder, People Reaching Out to People

Chair

Alex Proimos

Conference content producer, Conexus Financial

5:30pm

CONFERENCE CLOSE

6:30pm – 9:30pm

OFFICIAL CONFERENCE DINNER – OAKRIDGE WINERY

Complimentary transfer service to and from the venue

Day 3 – Wednesday – November 21

7:30am – 8:45am

INVESTOR ONLY BREAKFAST

The Asset Owners Forum

As part of our Fiduciary Investors Symposium, we offer an asset owner-only breakfast led by a senior member of the industry. This forum is designed to give all participants an opportunity to share issues, concerns and challenges they face in their roles, their organisations and within the broader industry. The objective is to provide an unrestricted setting that encourages the sharing of experiences to foster industry best practice to the ultimate benefit of the members. The forum strictly adheres to the Chatham House Rule and attendance is open to asset owners only.

Chair

Melda Donnelly

Investment committee, HESTA

8:45am – 9:00am

WELCOME DAY THREE

9:00am – 9:30am

DECODING LIQUIDITY AND STRUCTURAL IMPAIRMENTS

In this panel session, we delve into investor concerns around market microstructure such as:

  • the dangers hiding among the new investment trends and innovations
  • the role of minimum volatility, risk parity, risk neutrality, short VIX and ETFs in systemic risk
  • suboptimal outcomes, liquidity risks, portfolio construction and return convexity.

PAPERS

Equities riding on fear not fundamentals

John Lucey

Chief investment officer, Avant Mutual

Jeff Rogers

Chief investment officer, ipac Investment Management

Chair

Alex Proimos

Conference content producer, Conexus Financial

9:30am – 10:20am

Is Total Portfolio Management Absolute Return in Disguise?

In this panel session, we will delve into:

  • the success of reorientating teams from asset class-specific to a total portfolio approach
  • positioning for investment strategies via strategic asset allocation and dynamic tilts
  • strategies for crisis offsets, uncorrelated return streams, derivatives and commodities.

Michael Blayney

Head of multi-asset, Pendal Group

Brad Bugg

Head of multi-asset income, Morningstar Investment Management

Gwion Moore

Executive manager, investment strategy and portfolio management, Suncorp

Chair

Michael McQueen

Head of investment strategy, Labour Union Co-Operative Retirement Fund

10:20am – 10:50am

MORNING TEA

10:50am – 11:35am

INTERNALISATION, STRATEGY AND OVER-RELIANCE ON MANAGERS

In this panel session, we will discuss:

  • the trade-offs between the costs and benefits of fund internalisation
  • areas for internalising research and curating innovation for improved strategic decisions
  • deeper manager relationships, capacity constraints and alignment with outcomes.

Alistair Barker

Co-head of macro and portfolio construction, AustralianSuper

Ian Lundy

Chief investment officer, Tasplan

Troy Rieck

Executive officer, investment strategy, Equip Super

Chair

Amanda White

Director of institutional content, Conexus Financial

11:35am – 12:15pm

BALANCING MEMBER ENGAGEMENT AND INVESTMENT OBJECTIVES

In this panel session, we revisit the fiduciary relationship and cover:

  • the importance of understanding your member and your proximity to the customer
  • your fund’s competitive advantage and the self-defeating effects of peer awareness
  • benchmarking and the role of collaboration in the industry.

Sean Henaghan

Chief investment officer, multi asset group, AMP Capital Investors

Tim Macready

Chief investment officer, Christian Super

Chair

Chris Artis

Chief investment officer, Meat Industry Employees’ Superannuation Fund

12:15pm – 1:00pm

GOVERNANCE STRUCTURES BUILT FOR OUTPERFORMANCE

In this panel session, we will seek to identify ways to:

  • make best-practice governance consistent with an evolving investment opportunity set
  • increase the effectiveness of investment committees, delegation and board reporting
  • ensure more good decisions and provide the framework for disrupting processes.

Gerard Parlevliet

Investment committee chair, Prime Super

Rishab Sethi

Manager, external investments and partnerships, NZ Super Fund

Els Termaat

Consultant, JANA

Chair

Ross Kent

Head of global institutional distribution, NAB

1:00pm – 1:45pm

LUNCH

1:45pm – 2:25pm

INTERNATIONAL CASE STUDY: THE FRENCH PENSION RESERVE FUND

In this fireside chat, an international asset owner will discuss its:

  • investment framework, scenario planning and research priorities
  • organisational structure, implementation approaches, fees and incentives
  • approach to implementing an objective-based strategic asset allocation.

PAPERS

Company information: The French Pension Reserve Fund

Olivier Rousseau

Executive director, Fonds de réserve pour les retraites

Chair

Colin Tate

Chief executive, Conexus Financial

2:25pm – 3:00pm

UP, DOWN OR SIDEWAYS: VIEWS FROM THE MARKET’S EDGE

In this fireside chat, we will hear from an asset owner on its approach to:

  • building a dynamic investment process and creating an edge in a world of noise
  • the risks and opportunities within public markets and private markets
  • applying lessons learnt to markets today and the impact of competitive pressures.

Con Michalakis

Head of investments (CIO), Statewide Super

Chair

Alex Proimos

Conference content producer, Conexus Financial

3:00pm

CONFERENCE CLOSE

3:15pm – 4:45pm

RETURN TO MELBOURNE CBD AND AIRPORT

Day 1 – Monday – November 19

3:30pm – 4:45pm

5:00pm – 5:25pm

REGISTRATION AND CANAPÉS

5:25pm – 5:30pm

DAY ONE WELCOME

5:30pm – 7:00pm

PRIVATE MARKETS AND PUBLIC MARKETS: A LOOK INTO THE FUTURE

In this fireside chat, we will hear how the Future Fund:

  • ensures an organisational structure consistent with investment opportunities
  • stays nimble and efficient as part of a growing collaborative team
  • uses technology and risk insights to improve their investment process

David George

Deputy chief investment officer, public markets, Future Fund

Wendy Norris

Deputy chief investment officer, private markets, Future Fund

Chair

Colin Tate

Chief executive, Conexus Financial

7:00pm – 9:30pm

WELCOME DINNER

Day 2 – Tuesday – November 20

8:30am – 9:00am

Registration

9:00am – 9:15am

WELCOME DAY TWO

9:15am – 10:15am

GEOPOLITICS, MARKETS AND VOLATILITY AS AN INSTRUMENT OF TRUTH

In this panel session, we will hear how investors are:

  • evaluating the dichotomy between sentiment and economic reality
  • deconstructing unconventional politics, diverging central bank monetary policy and volatility
  • factoring in return expectations, liquidity and hidden risks in a new market regime.

Allison Hill

Director of investments, global multi-asset, QIC

Steve McKenna

Head of investment advisory, TCorp

Mark Rider

Chief investment officer, ANZ Wealth

Chair

Colin Tate

Chief executive, Conexus Financial

10:15am – 11:00am

EMERGING MARKETS: UNCERTAINTY VERSUS HIDDEN POTENTIAL

In this panel session, we will discuss:

  • decoupling of world markets, the impact of trade wars, the narrative and fundamentals
  • repercussions of tightening global monetary policy and a stronger US dollar
  • threats of contagion, idiosyncratic investment catalysts and opportunities.

Jamie Grant

Head of emerging markets and Asian fixed income, First State Stewart Asia

Joaquim Nogueira

Investment manager, GAM

Chair

Jeremy Wilmot

Senior consultant, JANA

11:00am – 11:30am

MORNING TEA

11:30am – 12:15pm

NON-MODERN PORTFOLIO THEORY: VOLATILITY AND RISK METRICS

In this panel session, we will explore how investors are:

  • managing risk and ensuring their profile of risk remains constant through time
  • using technology to integrate data science into asset management
  • taking a leap of faith in terms of expected correlations, diversification and portfolio theory.

David Bell

Chief investment officer, Mine Super   

Andrew Fisher

Manager, asset allocation, Sunsuper

Philippe Jordan

President, CFM

Chair

Gerard Parlevliet

Investment committee chair, Prime Super

12:15pm – 12:45pm

ALL-WEATHER CREDIT: LATE CYCLE AND THE EVOLUTION OF BORROWER RELATIONSHIPS

In this session, we will take a critical look at the private credit markets:

  • Are we at a tipping point in private credit as investors look beyond sponsor-led lending?
  • As monetary policy tightens and the business cycle ages, how should investors consider the volatility, liquidity and credit risk vis-a-vis returns?
  • Should investors view private credit as a tactical or strategic asset allocation?

PAPERS

Total portfolio factor not just asset allocation

Justin Ferrier

Managing director, Asian Private Credit, BlackRock

Chair

Alex Proimos

Conference content producer, Conexus Financial

12:45pm – 1:45pm

LUNCH

1:45pm – 2:30pm

STREAMS OF INCOME FOR RETIREMENT: DEBT, YIELD…AND WHAT ELSE?

In this panel session, we will investigate:

  • new investment strategies for income in a low-yield environment
  • the role of private debt, infrastructure, real estate and authorised deposit taking institutions
  • suitable implementation options for providing CIPR/MyRetirement solutions.

Chris Nichols

Head of multi-asset investment specialists, Aberdeen Standard Investments

Bhanu Singh

Head of Asia-Pacific portfolio management, Dimensional Fund Advisors

Nick White

Director of portfolio construction research, Mercer

Chair

Jacki Ellis

Portfolio manager, retirement strategy, First State Super

2:30pm – 3:00pm

21ST-CENTURY TECHNOLOGY AND THE CHALLENGE OF ENERGY INFRASTRUCTURE

In this session, we will discuss the future of energy, in particular:

  • sensible ways to transition from traditional energy to clean energy infrastructure
  • renewable energy investment feasibility locally and internationally
  • new developments in bio mass and landfill gas, anaerobic digestion, and mapping to ESG.

Sam Reynolds

Managing director, Octopus Investments

Chair

Justin Webb

Head of risk, Whitehelm Capital

3:00pm – 3:30pm

AFTERNOON TEA

3:30pm – 4:00pm

CHANGING THEMATICS, DESIGN AND USE IN REAL ESTATE

In this session, we will learn about:

  • the impact of societal change on single-use and multipurpose real estate
  • technological improvements, AI and the integration of new design
  • new building energy ratings, sustainability requirements and climate change considerations.

PAPERS

The technology frontier

Peter Hayes

Global head of investment research, PGIM

Chair

Alex Proimos

Conference content producer, Conexus Financial

4:00pm – 4:45pm

OUTCOMES FROM THE COMMISSIONS: ETHICS, CULTURE AND THE SUPER FUTURE

In this panel session, we delve into the issues affecting the super industry, such as:

  • cultural mishaps, behavioural biases, and the role of greater transparency and regulation
  • social contracts and the political war between industry and retail funds
  • what best-in-class looks like and predictions for the superannuation industry’s future.

PAPERS

8 Myths about super fund member engagement
A very simple thing some investment professionals are not doing
Conflicts of interest - just another bias?
The human psychology at the centre of the CBA machine
The psychology behind why some client-centric strategies don’t translate into good client outcomes

Louise Davidson

Chief executive, Australian Council of Superannuation Investors

Simon Russell

Director, Behavioural Finance Australia

Chair

Colin Tate

Chief executive, Conexus Financial

4:45pm – 5:30pm

NO TIME TO GLOAT: THE ISSUES THAT REMAIN IN SUPERANNUATION

In this confronting Q&A session, we will seek to answer the following:

  • What is defined as a balanced fund; how are they constructed and measured?
  • What are the hidden governance challenges of internalisation?
  • Is a super fund a principal or an agent – are super funds inherently conflicted?

Rob Prugue

Founder, People Reaching Out to People

Chair

Alex Proimos

Conference content producer, Conexus Financial

5:30pm

CONFERENCE CLOSE

6:30pm – 9:30pm

OFFICIAL CONFERENCE DINNER – OAKRIDGE WINERY

Complimentary transfer service to and from the venue

Day 3 – Wednesday – November 21

7:30am – 8:45am

INVESTOR ONLY BREAKFAST

The Asset Owners Forum

As part of our Fiduciary Investors Symposium, we offer an asset owner-only breakfast led by a senior member of the industry. This forum is designed to give all participants an opportunity to share issues, concerns and challenges they face in their roles, their organisations and within the broader industry. The objective is to provide an unrestricted setting that encourages the sharing of experiences to foster industry best practice to the ultimate benefit of the members. The forum strictly adheres to the Chatham House Rule and attendance is open to asset owners only.

Chair

Melda Donnelly

Investment committee, HESTA

8:45am – 9:00am

WELCOME DAY THREE

9:00am – 9:30am

DECODING LIQUIDITY AND STRUCTURAL IMPAIRMENTS

In this panel session, we delve into investor concerns around market microstructure such as:

  • the dangers hiding among the new investment trends and innovations
  • the role of minimum volatility, risk parity, risk neutrality, short VIX and ETFs in systemic risk
  • suboptimal outcomes, liquidity risks, portfolio construction and return convexity.

PAPERS

Equities riding on fear not fundamentals

John Lucey

Chief investment officer, Avant Mutual

Jeff Rogers

Chief investment officer, ipac Investment Management

Chair

Alex Proimos

Conference content producer, Conexus Financial

9:30am – 10:20am

Is Total Portfolio Management Absolute Return in Disguise?

In this panel session, we will delve into:

  • the success of reorientating teams from asset class-specific to a total portfolio approach
  • positioning for investment strategies via strategic asset allocation and dynamic tilts
  • strategies for crisis offsets, uncorrelated return streams, derivatives and commodities.

Michael Blayney

Head of multi-asset, Pendal Group

Brad Bugg

Head of multi-asset income, Morningstar Investment Management

Gwion Moore

Executive manager, investment strategy and portfolio management, Suncorp

Chair

Michael McQueen

Head of investment strategy, Labour Union Co-Operative Retirement Fund

10:20am – 10:50am

MORNING TEA

10:50am – 11:35am

INTERNALISATION, STRATEGY AND OVER-RELIANCE ON MANAGERS

In this panel session, we will discuss:

  • the trade-offs between the costs and benefits of fund internalisation
  • areas for internalising research and curating innovation for improved strategic decisions
  • deeper manager relationships, capacity constraints and alignment with outcomes.

Alistair Barker

Co-head of macro and portfolio construction, AustralianSuper

Ian Lundy

Chief investment officer, Tasplan

Troy Rieck

Executive officer, investment strategy, Equip Super

Chair

Amanda White

Director of institutional content, Conexus Financial

11:35am – 12:15pm

BALANCING MEMBER ENGAGEMENT AND INVESTMENT OBJECTIVES

In this panel session, we revisit the fiduciary relationship and cover:

  • the importance of understanding your member and your proximity to the customer
  • your fund’s competitive advantage and the self-defeating effects of peer awareness
  • benchmarking and the role of collaboration in the industry.

Sean Henaghan

Chief investment officer, multi asset group, AMP Capital Investors

Tim Macready

Chief investment officer, Christian Super

Chair

Chris Artis

Chief investment officer, Meat Industry Employees’ Superannuation Fund

12:15pm – 1:00pm

GOVERNANCE STRUCTURES BUILT FOR OUTPERFORMANCE

In this panel session, we will seek to identify ways to:

  • make best-practice governance consistent with an evolving investment opportunity set
  • increase the effectiveness of investment committees, delegation and board reporting
  • ensure more good decisions and provide the framework for disrupting processes.

Gerard Parlevliet

Investment committee chair, Prime Super

Rishab Sethi

Manager, external investments and partnerships, NZ Super Fund

Els Termaat

Consultant, JANA

Chair

Ross Kent

Head of global institutional distribution, NAB

1:00pm – 1:45pm

LUNCH

1:45pm – 2:25pm

INTERNATIONAL CASE STUDY: THE FRENCH PENSION RESERVE FUND

In this fireside chat, an international asset owner will discuss its:

  • investment framework, scenario planning and research priorities
  • organisational structure, implementation approaches, fees and incentives
  • approach to implementing an objective-based strategic asset allocation.

PAPERS

Company information: The French Pension Reserve Fund

Olivier Rousseau

Executive director, Fonds de réserve pour les retraites

Chair

Colin Tate

Chief executive, Conexus Financial

2:25pm – 3:00pm

UP, DOWN OR SIDEWAYS: VIEWS FROM THE MARKET’S EDGE

In this fireside chat, we will hear from an asset owner on its approach to:

  • building a dynamic investment process and creating an edge in a world of noise
  • the risks and opportunities within public markets and private markets
  • applying lessons learnt to markets today and the impact of competitive pressures.

Con Michalakis

Head of investments (CIO), Statewide Super

Chair

Alex Proimos

Conference content producer, Conexus Financial

3:00pm

CONFERENCE CLOSE

3:15pm – 4:45pm

RETURN TO MELBOURNE CBD AND AIRPORT