fund selector asia alternatives forum singapore
TRANSCRIPT
Thursday, 14 Sep 2017 Swissotel The Stamford, Singapore
Delegate feedback report
FUND SELECTOR ASIA
ALTERNATIVES FORUM SINGAPORE
FSA Alternatives Forum Singapore | Sep ’17 1
CONTENTS
SPONSORS
This report has been compiled from the feedback received from delegates who attended the Fund Selector Asia Alternatives Forum Singapore 2017 event. All delegates were asked to return their feedback via questionnaires completed at the end of the day. The feedback forms contained questions on the event as a whole, on each sponsor presentation, on the speakers themselves and any suggestions for topics at future events. Feedback forms were supplied by 30% of delegates who attended the forum. We have pulled together an honest and accurate report of the day and have included a list of all those who registered to attend the forum.
Tom PorterManaging director, Asia
Gareth WildeDirector, business development, Asia
About the event 01
Delegates 02
Overall experience 03
Event comments 04
Event photos 05
Speaker profile: Ahmed Behdenna 08
Speaker profile: Ben Garland 09
Speaker profile: Magnus Spence 10
Speaker profile: Craig Reeves 11
Speaker profile: Olivier Blin 12
F U N D S
(Lunch sponsor)
FSA Alternatives Forum Singapore | Sep ’17 1
DELEGATES Attended (30)
DBS Treasures Vice president, investment counsellor
DBS Private Bank Associate director and product manager, funds
Mindful Wealth Investment manager
TriLake Partners Chief investment officer
UOB Senior vice president, finance analytics and strategy team
Havenport Wealth Head of business development
UBS Associate director, hedge fund portfolio specialist
CTBC Bank International private banking
IPP Financial Advisers Senior investment executive
UOB First vice president, funds
Finexis Asset Management Analyst
Cazenove Capital Management Investment analyst
AXA Manager, investment and wealth management
AXA Deputy director, investment and wealth management
UBS Associate director, hedge fund portfolio specialist
OCBC Vice president, senior investment strategist
IPP Financial Advisers Investment manager
Bank of Singapore International markets
Maybank Director, investment
OCBC Product manager, investment
Bank of Singapore Director, advisory and sales
Cazenove Capital Management Head of investment and treasury
J. Safra Sarasin Executive director, client advisor
CTBC Bank Funds discretionary portfolio manager
Nomura Joint-chief investment officer
Navigator Investment Services Manager, investments and business support
Mindful Wealth Investment analyst
DBS Private Bank Director, funds and private equity sales
J. Safra Sarasin Executive director, head of discretionary portfolio management
UOB Assistant vice president, corporate investment unit
Cancelled (01)
Lombard Odier Managing director, senior portfolio manager
No show (07)
Standard Chartered Bank Head of discretionary portfolio management
Citibank Director, traditional managed investments, wealth management
OCBC Head of investment
Deutsche Bank Product specialist
Citibank Senior vice president, investment funds head
LGT Bank Executive director
Bank of Singapore Director, investment counselor
FSA Alternatives Forum Singapore | Sep ’17 2
OVERALL EXPERIENCE
• Overall rating of the Fund Selector Asia Alternatives Forum Singapore
• Events team professionalism, approachability and knowledge
• Standard of the venue (eg catering, meeting rooms)
• Location
• Standard of the information received from the FSA team prior to the event
43%Excellent
57%Good
78%Excellent
22%Good
75%Excellent
25%Good
67%Excellent
22%Good
56%Excellent
33%Good
11%Poor
11%Average
FSA Alternatives Forum Singapore | Sep ’17 3
CHAIRMAN COMMENTS
“Engaging good speaker and confident.”
“Good overview of entire event.”
FSA Alternatives Forum Singapore | Sep ’17 4
SPEAKER PHOTOS
Ahmed Behdenna, Aviva Investors Ben Garland, BlackRock
Craig Reeves, Prestige Asset ManagementMagnus Spence, Jupiter Asset Management
Gareth Wilde, Last Word Tom Porter, Last Word
Olivier Blin, Unigestion
FSA Alternatives Forum Singapore | Sep ’17 5
EVENT PHOTOS
Panel discussion with first session speakers (L-R: Olivier Blin, Ahmed Behdenna, Magnus Spence, Tom Porter)
Panel discussion with second session speakers (L-R: Ben Garland, Craig Reeves, Tom Porter)
FSA Alternatives Forum Singapore | Sep ’17 6
Seminar topic
Opportunities in multi-strategy investing
Multi-strategy approach differs from traditional investing in many ways. Undergird by a firm investment philosophy, Ahmed will explain and share how multi-strategy investing can deliver specific returns and income for today’s investors regardless of market environment, through identifying investment.
Comments
Interactive polling questions
SPEAKERS
Rating
Overall presentation
Content and subject matter
Overall speech
AHMED BEHDENNASenior strategist, Aviva Investors
“Can you give a trade example on long US inflation?”
“What are some of the European banks that you like?”
“Long EM local currency debt or hard currency?”
“Given that approximately 70% of active managers often underperform their benchmarks, how are you different?”
“18 out your 28 strategies delivered returns over the past year. Can you comment something about it to boost investors’ confidence?”
“Agree that sizable global QE (14trn) will be problematic as it unwinds.”
“Presentation largely on Aviva. Little expansion on the global theme. Could do more/better and explain on the key theme slide information if started with theme, then show how Aviva fund tackles that.”
“More explanation on market perspectives. Will make presentation more engaging.” “Some slides were too broad and did not give much insight into the funds’ strategy and differentiation.”
40%Average
23%Excellent
33%Good
44%Average
22%Excellent
67%Good
23%Excellent
44%Good
33%Average
11%Average
FSA Alternatives Forum Singapore | Sep ’17 8
SPEAKERS
BEN GARLANDDirector and senior investment strategist, Factor-Based Strategies Group, BlackRock
Seminar topic
The next frontier of factor investing: The evolution of factors in today’s market
The concept of factors is not new, but their use has been revolutionised by recent advancements in data and technology. Ben will share BlackRock’s views on factor investing and introduce how style factors can be used across asset classes to perform multiple roles within investors’ portfolios.
Comments
N/A
Interactive polling questions
Rating
Overall presentation
Content and subject matter
Overall speech
“R-squared to global benchmarks?” “What does the team look at to determine a shift in factor (ie growth to value)?”
50%Excellent
38%Good
57%Excellent
29%Good
12%Average
14%Average
57%Excellent
29%Good
14%Average
FSA Alternatives Forum Singapore | Sep ’17 9
SPEAKERS
MAGNUS SPENCEHead of investments, alternatives,Jupiter Asset Management
Seminar topic
Absolute madness: Making money in an uncertain world
As equity and bond markets hit all time highs after longer than usual bull market cycles, investors need to prepare for the risk of corrections in both asset classes. Magnus will show how absolute return funds, that combine the right levels of risk, skills and fees, can be part of the solution.
Comments
Interactive polling questions
Rating
Overall presentation
Content and subject matter
Overall speech
“Is the +0.31 correlation shown for the European Equity LS Fund against the global or European benchmark?”
“When equity markets crash, short selling is often suspended by exchanges/governments - even in the US during ’08.”
“According to Strategy Termsheet, gross exposure is around 60%. What are the reasons for keeping it low?”
“For Jupiter European l/s, if equity correlation is 0.59, how did the manager achieve 11.8% ytd?”
“Very enjoyable. Good balance of market concerns and product description. Clear explanation. Kept it simple.”
“Agree and concern of the stretched market valuations and inflation surprise.”
“Informative and presentation was easy to follow.”
33%Excellent
67%Good
33%Excellent
67%Good
44%Excellent
56%Good
FSA Alternatives Forum Singapore | Sep ’17 10
SPEAKERS
CRAIG REEVESFounder, Prestige Asset Management
Seminar topic
Alternative fixed income - investment strategies
Direct lending and alternative fixed income strategies are increasingly forming part of a modern diversified absolute return portfolio. Over the medium term they have almost consistently retained low volatility and low correlation to traditional fixed income and equity-based strategies.
Comments
Interactive polling questions
Rating
Overall presentation
Content and subject matter
Overall speech
F U N D S
“Some slides were indecipherable (on their own).”
“How will Brexit affect the UK farming sector? And the SME lending market?”
“Why isn’t behavioural bias included in carry?”
50%Excellent
50%Good
74%Excellent
13%Good
63%Excellent
37%Good
13%Average
FSA Alternatives Forum Singapore | Sep ’17 11
SPEAKERS
OLIVIER BLINInvestment manager, Unigestion
Seminar topic
Alternative risk premia: From theory to practice
What are alternative risk premia, and why do they make sense more than ever in today’s environment? What is the best way to build a pure and robust portfolio of alternative risk premia?
Comments
Interactive polling questions
Rating
Overall presentation
Content and subject matter
Overall speech
“Interesting. Unlikely to be big part of portfolio. Client still more comfortable with traditional portfolio.”
“Good and informative.”
“Would prefer to have hardcopy handouts as it was difficult to view some slides.”
“Are you expecting non-bank financials to perform well?”
“Does hedging cost strategy too much?”
“Do you net your positions across the risk premia within your portfolio?”
“Are you concerned about the amount of money that has flowed into a small number of premia?”
22%Excellent
67%Good
45%Excellent
55%Good
11%Average
22%Excellent
67%Good
11%Average
FSA Alternatives Forum Singapore | Sep ’17 12
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www.lastwordmedia.com
FIRST FORFEEDBACK
FSA Alternatives Forum Singapore | Sep ’17 13