location: 11:05am proudly supported by our event partner€¦ · opportunities for australian super...

1 ASI 2017 Web Program – V67 310817

TUESDAY 5 SEPTEMBER

ASI 2017 Charity Golf Day

TIME: 11:30am: Light lunch and registration 12:30pm: Shotgun start LOCATION: Links Hope Island Golf Course

WEDNESDAY 6 SEPTEMBER

8:45am - 8:55am

CONFERENCE OPEN Speaker: Eva Scheerlinck, Chief Executive Officer, AIST Location: Grand Ballroom

8:55am - 9:45am

PLENARY 1: EUROPE EXPOSED From slow economic growth and investment uncertainty, through to large refugee inflows and extreme right-wing politics, influential economist and columnist, Dr Stephen Kinsella, will explore the many challenges facing Europe and the significant ramifications for pension investors across the globe.

Understand the challenges facing Europe

Opportunities for Australian super funds in this rapidly changing landscape Speaker: Dr Stephen Kinsella, Senior Lecturer in Economics, University of Limerick (IRL) Chair: Ali Moore, Journalist and Broadcaster Location: Grand Ballroom

9:45am - 10:35am

PLENARY 2: USA EXAMINED As we continue our tour around the globe, join us for a deep dive into the US - uncovering the geopolitical issues; regional pension fund investment responses; regulation challenges; and the implications for Australian super funds. Speaker: Mellody Hobson, President, Ariel Investments (USA) Facilitator: Ali Moore, Journalist and Broadcaster


Location: Grand Ballroom

10:35am - MORNING TEA 11:05am Proudly supported by our Event Partner

Location: Ballroom Foyer

11:05am - 11:55am

PLENARY 3: HOW SUPERANNUATION IS GROWING AUSTRALIA’S FUTURE How are members’ savings helping to bring about sustainable economic growth? A panel drawn from a range of industry sectors where super funds have invested, will discuss how the community, regional economy and environment is benefitting from ownership of Australia’s prime infrastructure assets by genuine long-term investors. Panel: Roy Cummins, Chief Executive Officer, Port of Brisbane John Fitzgerald, Chairman, InfraNexus Management, Southern Cross Station, Perth Courts, Defence HQ, Axiom Schools Dr Helen Nugent, Chairman, Ausgrid Krishan Tangri, General Manager, Assets, Brisbane Airport Chair: Jill Rossouw, Investment Director, IFM Investors Location: Grand Ballroom

12:00pm – CONCURRENT SERIES #1 1:00pm

1A: MDUF IS HERE – NOW WHAT? Could this be the solution to your post-retirement challenge? The Member’s Default Utility Function (MDUF) is an open-architecture metric and framework which was developed by a panel of academics and industry professionals to assist the industry in providing retirement outcome modelling. Join one of the founding panel members of the MDUF, Mine Wealth + Wellbeing CIO, David Bell, as he takes us through why this important metric can help your

1B: MOTIVATION AS THE HIDDEN VARIABLE OF PERFORMANCE The investment world faces a problem. Short-term thinking has disconnected us from our shared purpose: Achieving clients’ long-term goals and, in turn, contributing to economic growth. Research from the State Street Centre for Applied Research uncovered three factors of motivation that impact firms’

1C: DERIVING ADDITIONAL ALPHA FROM MEMBERS: A FRESH LOOK AT INTERNAL CASH MAXIMISING THE VALUE OF SECURITIES LENDING Is your fund maximising the value of its securities lending? This session will examine the best ways to manage internal cash and interest in securities lending.

Learn how large and small funds can leverage their balance sheets and


fund in the design of your post-retirement strategies including:

Case studies on how MDUF has been applied in its early stages

How MDUF can aid super funds in building their definition of success from a retirement perspective

An overview of the value the MDUF can add to your members’ retirement outcomes

Speaker: David Bell, Chief Investments Officer, Mine Wealth + Wellbeing Chair: Maria Wilton, Managing Director, Franklin Templeton Investments Australia Location: Horizons Room

long-term performance, client satisfaction and employee engagement: Purpose. Habits. Incentives. Or what they call phi. Learn how can we

leverage motivation to achieve better financial outcomes

Understand how phi can support sustainable organisational performance across market cycles

Assess where your fund fits on the phi scale

Speaker: Jonathan Shead, Head of Portfolio Strategists, Asia Pacific, State Street Global Advisors Chair: Justin Nunan, Investment Manager, Media Super Location: Lagoon Room

maximise securities lending activity

Gain insights into best practice in the internal management of cash

Case study on how one fund is generating results from their securities lending and cash management program

Speakers: Michael Clavin, Head of Treasury and Dealing, First State Super Stewart Cowan, Executive Director, APAC Head of Agent Lending Product and Portfolio Advisory, J.P. Morgan Phil Shepley, Head of Agency Lending Trading - Asia Pacific, BNP Paribas Securities Services Chair: Ian Lundy, Chief Investment Officer, Tasplan Location: Pandanus Room

1:00pm - WELCOME LUNCH 2:30pm Proudly supported by our Event Partner


2:30pm - CONCURRENT SERIES #2 3:30pm

2A: SPOTLIGHT ON INVESTMENT FEE AND COST DISCLOSURE As industry debate continues on the controversial RG97 fee and cost disclosure guidelines, this session will provide an update on the latest developments and how the proposed changes stack up against international best practice.

2B: NEW PARADIGM IN ASSET ALLOCATION Is it time to challenge conventional thinking around the current asset allocation approach and look at alternative asset allocation approaches such as factor exposure?

2C: ASSESSING THE LONG TERM RETURNS OF AUSTRALIAN SUPERANNUATION FUNDS Does the high risk, high return theory hold true for Australian super funds? Analysing 27 years of fund return data, a new study from Monash University


Learn how RG97 could have an impact on asset allocations, given differing disclosure requirements

Find out how RG97 fits into international disclosure practices

Learn about general international trends in investment fee and cost disclosure

Speakers: Nathan Hodge, Partner, King & Wood Mallesons Martin Walsh, Financial Services Consultant Chair: Karen Volpato, Senior Policy Advisor, AIST Location: Horizons Room

This session will explore the various factors including value, size, interest rate risk and credit spread as well as the case for a factor approach across all asset classes.

Hear new research on factor approaches and its implication across an entire portfolio

Understand the additional benefits of a factor approach to asset allocation

Learn how factors perform in different economic cycles and interest rate environments

Speakers: Mike Hunstad, Senior Vice President and Director of Quantitative Research, Northern Trust Jessica Melville, Investment Consultant, Manager Research, Willis Towers Watson Chair: Matthew Kempton, Head of Investment, ESSSuper Location: Lagoon Room

examines whether members are better off taking more risk or taking a slow and steady approach to growing their retirement savings.

Find out whether aggressive funds do better in the Australian context

Do Australian funds outperform other countries in the longer term?

What has been the impact of the GFC on return behaviour?

Speaker: Dr Emawtee (Banita) Bissoondoyal-Bheenick, Senior Lecturer, Dept of Banking and Finance, Monash Business School, Monash University Chair: David Haynes, Senior Manager, Policy, AIST Location: Pandanus Room

3:30pm - AFTERNOON TEA 3:50pm Proudly supported by our Event Partner


3:50pm – 4:50pm

PLENARY 4: CAPITALISING ON TECHNOLOGY TO MAXIMISE RETURNS

Two digital forces are gaining traction in the investment landscape - data and the Internet of Things. Insights gained from the analysis of large volumes of data is starting to show results for


investment returns. Meanwhile, the Internet of Things is fundamentally changing business models and frameworks of every industry, from driverless cars to the grocery aisle checkout.

Learn what data and the Internet of Things will mean for super fund investment decision making

How to capture big data and use it to build members returns

Which industries will be eroded - or developed - as a result of the Internet of Things Panel: Gary Chropuvka, Co-Head of Quantitative Investment Strategies, Goldman Sachs Asset Management Frank Zeichner, Chief Executive Officer, Internet of Things Alliance Australia Chair: Ali Moore, Journalist and Broadcaster This session includes the presentation of the Investment Rising Star Award Proudly supported by our Premium Partner:


4:50pm – 5:40pm

PLENARY 5: THE NASTIEST, HARDEST PROBLEM IN FINANCE Join Alan McFarlane for his insights on how to tackle the ‘nasty’ problem of post-retirement. Alan will present the latest demographic trends affecting institutional investors and how these may affect your investment strategy.

How pension funds around the globe are dealing with decumulation

How thinking might need to change as super funds face the challenge of paying pensions

Investment implications of changing membership profiles Speaker: Alan McFarlane, Senior Partner, Dundas Global Investors (UK) Chair: Wilhelm Harnisch, Trustee Director, Cbus Location: Grand Ballroom


5:45pm - WELCOME FUNCTION 6:45pm Proudly supported by our Major Event Partner

Location: Poolside, Sheraton Mirage

THURSDAY 7 SEPTEMBER

8:20am - OPERATIONAL DUE DILIGENCE BRIEFING 8:50am Delegates are invited to this Briefing to hear about the latest developments in Operational Due Diligence and how this may affect your fund.

Hosts: Grant Harslett, General Manager, Investments & Finance, Maritime Super David Haynes, Senior Manager, Policy, AIST Bill Watson, Chief Executive Officer, First Super Location: Horizons Room

9:00am - FORUMS #1 9:50am

FORUM 1A: EMERGING MARKETS COME OF AGE Gain insights into capturing alpha as we explore the Asian and Latin American regions. Our panel will reveal investment opportunities available to Australian super fund investors and the optimal role that these two emerging equity markets can play in a portfolio.

How these markets have evolved

An overview of equity opportunities in both Asia and Latin America

Considerations for Australian super fund investors in each market

Panel: Geoff Bazzan, Head of Asia Pacific Equities, Maple-Brown Abbott Juan Carlos Botero, Chief Investment Officer, SURA Investment Management (King Irving Funds Management)

FORUM 1B: MACRO INVESTMENTS IN AUSTRALIAN MARKETS Australian markets are critically important to profit-to-member superannuation funds. With turbulent trade and labour markets, low interest rates and the forecast for low returns, this session will focus on the many dynamics funds need to keep abreast of.

Macro investment themes in the Australian financial markets

Drill down on current GDP data

The RBA outlook Speaker: Dr Sally Auld, Chief Economist and Head of Fixed Income and FX Strategy, Australia and New Zealand, J.P. Morgan Chair: Ali Moore, Journalist and Broadcaster


Chair: Geoff Lake, Trustee Director - Deputy Chair, Vision Super; AIST Board Member Location: Grand Ballroom 1 & 2

Location: Grand Ballroom 3

9:55am - CONCURRENT SERIES #3 10:55am

3A: EMERGING MARKETS - UNDERSTANDING THE WHOLE STORY Over and above the right selection of debt and equities, there is a range of factors to keep in mind when considering emerging markets, least of which is currency.

Understand opportunities and approaches to getting the right exposure in emerging markets

Gain insights into the role of currency in driving positive outcomes

Case studies to help you understand how to best manage risk in emerging markets

Panel: Hemant Baijal, Co-Head Global Debt Team, Portfolio Manager, OFI Jim Coleman, Deputy Head of Research, Currency Solutions, Insight Investment Alistair J. MacDonald, CFA, Vice President & Institutional Portfolio Manager, Templeton Emerging Markets Group (SG) Chair: Valerie Lyons, Trustee Director, HESTA

3B: YOUR MEMBERS: WHAT DO THEY THINK ABOUT POST RETIREMENT? Post retirement is all about the members – what they are thinking and doing in this critical phase of their superannuation journey. This session will explore two different pieces of research, one highlighting the behaviour of retirees and the second, looking at the tools and solutions that might appeal to members during the retirement phase.

Understand the different financial issues your members are facing in retirement vs the accumulation phase

How retirees behave

Possible considerations for your fund to meet members needs during the retirement phase

Speakers: Darren Beesley, Senior Portfolio Manager, AMP Capital Susan Thorp, Professor of Finance, University of Sydney Chair:

3C: ACHIEVING BEST IN CLASS ESG INTEGRATION Drawing on new global research into the different approaches to ESG integration across 70 institutional investors, this session will provide insight into what works and what doesn’t and how your own fund’s ESG integration practices stack up.

Understand how other investors are integrating ESG

Learn the essential features of ESG integration practices

Hear the six prevailing approaches of ESG integrating in today’s market

Speakers: Louise Dudley, CFA, Portfolio Manager, Hermes Investment Management (UK) Catalina Secreteanu, Associate Director, Sustainalytics Chair: Catherine Bolger, Trustee Director, State Super (SAS Trustee Corporation); AIST Board Member


Location: Horizons Room

David Carruthers, Principal Consultant, Head of Member Solutions, Frontier Advisors Location: Lagoon Room

Location: Pandanus Room



11:20am - FORUMS #2 12:10pm

FORUM 2A: REGULATOR UPDATE Regulation reform and change is becoming the norm for super funds. This session at ASI will provide you with the latest information from the regulators about investments and how you can keep abreast of changes, developments and expectations. It is also a great opportunity to ask questions of the regulators. Subject matter will be current and include:

RG97

Liquidity

Strategic Investment issues Speakers: Ged Fitzpatrick, Senior Executive Leader-Investment Managers and Superannuation, ASIC Helen Rowell, Deputy Chairman, APRA Chair: Eva Scheerlinck, Chief Executive Officer, AIST Location: Grand Ballroom 1 & 2

FORUM 2B: DEVELOPING YOUR PRIVATE MARKETS PORTFOLIO Understand the private market asset class and what you need to consider when constructing your portfolio.

Gain insights into the role real assets can play in your portfolio

Learn from European insights into private markets

Find out which are the key markets to consider Panel: John Goodreds, Senior Managing Director, Nuveen TIAA Isabelle Scemama, Chief Executive Officer, AXA Investment Managers – Real Assets (FR) Chair: Judith Smith, Trustee Director – Independent, LUCRF Super Location: Grand Ballroom 3

12:15pm - CONCURRENT SERIES #4 1:15pm

4A: UNDERSTANDING RISK INVESTING Liquid alternatives, risk premia, and factor investing are not one and the same.

4B: GROWING USAGE OF DERIVATIVES IN SUPER Recent research on derivative usage across Australian super funds by global risk consultant/derivatives specialist,

4C: ALL ABOUT ALTERNATIVES The anticipated low return environment has spurred a growing interest in alternative asset classes.


This session will explore the difference between each of these elements and uncover some of the mystery behind the various factors including volatility, carry, value, momentum and behavioural investing.

Learn why this style of investing is of interest to the market

Find out how risk premia and factor investing can add value to your portfolio

Understand the different types of factors

Speakers: Justine O'Connell, Principal Consultant, Head of Debt, Frontier Advisors Neil Williams, Investment Director, QIC Chair: Leigh Gavin, Head of Investments, LUCRF Super Location: Horizons Room

Milliman, will provide insights into:

How funds are using derivatives in their investment programs

Questions you need to ask about derivatives

Industry feedback on new regulation affecting derivatives

Speakers: Michael Armitage, Head of Fund Advisory Services, Milliman Sandi Orleow, CFA GAICD, Independent Director & Consultant Chair: Damian Lillicrap, Head of Investment Strategy, QSuper Location: Lagoon Room

This session will provide an overview of the latest thinking on alternatives and help you consider their role in your fund’s investment strategy.

Hear a 'State of the Union' view on the global appetite for alternatives

Understand how global institutional investors are accessing the various alternative investment pillars

Case study on one fund’s experience with alternatives

Speakers: Bruce Murphy, Chapter Executive, CAIA Debra Ng, Senior Portfolio Analyst, Albourne Partners (SG) Chair: Ross Etherington, Chief Investment Officer, EISS Super Location: Pandanus Room

1:15pm - LUNCH 2:10pm


2:10pm - FORUMS # 3 3:00pm

FORUM 3A: ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING: THE FUTURE OF ESG This interactive workshop/panel session, will discuss the limitations of current data sources and the future of artificial intelligence (AI) in investing.

Understand how the need for greater speed, flexibility and transparency will drive AI to the forefront of investing

FORUM 3B: MYTH BUSTING THE MIDDLE EAST Continuing our global insight series at ASI, Farah Foustok, Managing Director for Lazard Asset Management, Middle East, will share her insights into the investment considerations and regulation challenges covering the Middle Eastern and Northern Africa (MENA) region.

Learn more at a macro level about the MENA region

Why you should consider the Middle East as an investment destination

http://staff.aist.asn.au/Party.aspx?WebsiteKey=0a139bac-286b-4b35-93b7-d8b2ef7242f4&ID=2063

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Learn why investment strategies using non-financial data, like ESG, are particularly well suited for AI

Hear why the powerful combination of humans and machines are better than either alone

Speakers: Hendrik Bartel, Chief Executive Officer and Co-Founder, TruValue Labs Dmitry Capel, Head of Equities & Governance, Hostplus Stephen Malinak, Chief Data Officer, TruValue Labs Facilitator: Daniel Gerard, Head of Advisory Solutions, Asia Pacific, State Street Global Exchange

Location: Grand Ballroom 1 & 2

Hear about the improving corporate governance and transparency activities in the region

Speaker: Farah Foustok, Managing Director, Lazard Asset Management, Middle East (Dubai) Chair: Ali Moore, Journalist and Broadcaster Location: Grand Ballroom 3

3:00pm - AFTERNOON TEA 3:30pm Proudly supported by our Event Partner


3:30pm - FORUMS #4 4:20pm

FORUM 4A: ESG – HOW EXPOSED TO CARBON ARE YOUR INFRASTRUCTURE INVESTMENTS? Increasingly, investment teams are seeking to understand the risk and value of carbon foot-printing in infrastructure investments. Our panel will talk through carbon foot-printing and recent carbon exposure work.

Hear how carbon foot-printing implications can impact your financial exposure

Understand challenges and limitations in recording and reporting on this area of ESG

Understand what is required to identify the carbon footprint of your assets and the cost benefit of doing so

Speakers:

FORUM 4B: INNOVATION TAKES FLIGHT! Is your fund spending too much time worrying about risks rather than opportunities? This session explores simple ways in which you can improve member returns by embracing innovation.

Learn what may be discouraging innovation

Discover what governance changes will embed innovation into your fund

Key steps to improve member returns Panel: Kirsten Temple, Manager of Research, JANA Investment Advisers Raewyn Williams, Managing Director, Research, Australasia, Parametric Chair:

http://marketing.lazard.com/firm-info/bios/501/farah-foustok.aspx

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Richard Barresi, Investment Director, Infrastructure, Hastings Funds Management Amelia Evans, Chief Financial Officer, Queensland Airports Chair: Ed John, Executive Manager, Governance, Engagement & Policy, ACSI Location: Grand Ballroom 1 & 2

Ann Tonks, Trustee Director, Media Super Location: Grand Ballroom 3

4:25pm - FORUMS #5 5:15pm

FORUM 5A: REVISITING THE ACTIVE VS PASSIVE DEBATE Passive investing has shown a remarkable rise over the last decade, and active management has come under considerable pressure. In this session we will explore new angles in the active versus passive debate exploring the costs, the implications and the benefits of both approaches.

What constitutes passive? Are some asset

classes more appropriate than others?

What are the long term implications of large

flows towards passive?

What are the repercussions, if any, on

governance and broader ESG considerations?

Speakers: Greg Cooper, Chief Executive Officer, Australia, Schroders Mary McLaughlin, Senior Investment Specialist, Vanguard Australia Chair: Sam Sicilia, Chief Investment Officer, Hostplus Location: Grand Ballroom 1 & 2

FORUM 5B: SPOTLIGHT ON ASIA There are no shortage of investment opportunities in Asia for Australian superannuation funds. Given the breadth and depth of policy, regulation and cultural considerations, how do funds navigate this potentially complex journey. Our speakers will discuss:

Fresh perspectives on the investment landscape in

Asia and China

Why some investors succeed more than others

Their view if they were sitting in your shoes

Speakers: Rana Karadsheh, Country Manager - Singapore Hub, International Finance Corporation (IFC) (SG) Ally Zhang, Managing Director, Siguler Guff & Company (China) Chair: Ali Moore, Journalist and Broadcaster Location: Grand Ballroom 3

7:00pm - 10:00pm

CONFERENCE DINNER Proudly supported by our Event Partner

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Location: Poolside, Sheraton Mirage

FRIDAY 8 SEPTEMBER

9:00am - FORUMS #6 10:00am

FORUM 6A: THE DEMOGRAPHY OF DEBT Debt is contracted in the short term but typically paid off over decades, as people age. So when does debt become a systemic issue? Influential economist and columnist, Dr. Stephen Kinsella, will explore the interaction of debt and demography as it relates to pensions.

Consider how debt at age 28 affects an

individual two decades later at age 48

Learn how debt and demography interact

The consequences of large sections of society

incurring debts they can’t pay off

Speaker: Dr Stephen Kinsella, Senior Lecturer in Economics, University of Limerick (UK) Chair: Bruce Murphy, Director, Australia and New Zealand, Insight Investment Location: Grand Ballroom 1 & 2

FORUM 6B: HOW CAN SUPER FUNDS GROW THE IMPACT INVESTING MARKET TO CREATE A BETTER WORLD Impact investing has an estimated worth of over US $77 billion globally and growing. There is an increasing focus and influence in the Australian market with super funds taking a leadership position. This session brings together global influencers in impact investing to discuss the following:

What are the challenges and opportunities for the

impact investing sector globally and in super?

Should funds participate in the impact market?

How can funds access the impact market?

How can super funds work collectively to grow the

impact market?

Speakers: Giles Gunesekera, Chief Executive Officer, Global Impact Initiative Liza McDonald, Head of Responsible Investment, First State Super Michael Traill, Trustee Director, Sunsuper Facilitator: Michelle Di Fabio, Managing Director, Strategic Global Advisory Location: Grand Ballroom 3



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10:20am - 11:20am

PLENARY 6: INTERNATIONAL TRADE OUTLOOK AND IMPLICATIONS FOR INVESTORS International trade represents a significant share of GDP, so how will the continually shifting economic, political and cultural characteristics of the major trading regions impact on your investment decision-making? Join our expert panel as they:

Discuss the effects of global politics on international trade

Share insights on Australia's trade and export outlook

Explore US and UK perspectives on international trade Panel: Gary Hufbauer, Reginald Jones Senior Fellow, Peterson Institute for International Economics (PIIE) (US) Karthik Iyer, Commercial Adviser, Financial Services Organisation, Department for International Trade (UK) Cassandra Winzenried, Chief Economist, Efic Chair: The Hon. Mark Vaile AO, Former Deputy Prime Minister and Trade Minister; Trustee Director, Hostplus Location: Grand Ballroom 1 & 2

11:20am - 12:20pm

PLENARY 7: GLOBAL REGULATION Hear from Pablo Antolín-Nicolás, the OECD’s head of private pensions, about the latest global trends in pension policies and investment regulation including:

Institutional investors duties around ESG

Financial incentives and retirement savings

A global snapshot of the pension fund industry Speaker: Pablo Antolín-Nicolás, Principal Economist and Head of the Private Pensions Unit, Deputy Head Financial Affairs Division, OECD Chair: Bert Rebelo, Senior Vice President - Head of Asset Management, Australia and New Zealand, Northern Trust Proudly supported by our Premium Partner

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Location: Grand Ballroom 1 & 2

12:20pm - 12:30pm

CONFERENCE CLOSE Speaker: David Smith, President, AIST Location: Grand Ballroom 1 & 2

12:30pm - LIGHT LUNCH 1:00pm:


location: 11:05am proudly supported by our event partner€¦ · opportunities for australian super...

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