3rd Investment Implementation Summit
Agenda - May / June, 2020
Webcast Series
May 5, 11am
Derivatives: delivering performance in the event of surprise
Derivatives strategies can be complex, but they also provide valuable investor information, hedging capabilities and transaction cost efficiencies. This session will discuss how investment managers can use equity options to enhance risk profiles and deliver performance in turbulent markets. It will also consider pricing structures, broker commissions and how to assess whether you are achieving and/or receiving quality execution.
May 7, 11am
Re-examining tactical asset allocation
This panel will re-examine the value of tactical asset allocation in the context of the recent crisis.
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How have funds that deploy TAA techniques held up compared to those that don’t in recent months?
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When and how does tactical asset allocation add value to portfolios compared to other strategies such as structured rebalancing and operational alpha?
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What scale do you need to have for tactical asset allocation to make sense in house?
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What are the implementation considerations to ensure TAA adds, rather than detracts from value?
Panel
Head of Dynamic Asset Allocation,
Commonwealth Superannuation Corporation
Head of Asset Allocation,
Sunsuper
May 12, 11am
Fixed income markets: achieving best execution in times of stress
Fixed income markets have been under significant stress in recent months, a situation further complicated by the complexity and fragmented nature of liquidity of many fixed income instruments. This session will discuss lessons from the current crisis with respect to navigating liquidity in fixed income markets; how to manage best execution; the extent to which electronification is facilitating dealer selection and execution and how fixed income trading desks can best position.
Panel
CEO & Managing Director,
Yieldbroker
Managing Director & Portfolio Manager,
Kapstream Capital
Vice President Portfolio Lifecycle Solutions,
FactSet (New York)
May 14, 11am
FX hedging in unprecedented markets
FX hedging programs are under review as Corona volatility has spilled over into currency markets. This session will discuss optimising FX hedging overlays and execution in times of stress.
Panel
Head of Foreign Exchange Trading Services,
FactSet
Head of Treasury Services,
IFM Investors
Head of Currency, Liquid Markets Group,
QIC
May 19, 11am
Rebalancing revisited
Funds have been under pressure to rebalance to maintain their strategic asset allocation. This session will discuss optimal timing, rebalancing techniques and liquidity considerations in dislocated markets.
Panel
Head of Portfolio Construction,
AustralianSuper
Non-Executive Director;
NSW Treasury Corporation; Perpetual; Colonial First State
Head of Dynamic Markets,
AMP Capital
May 21, 11am
Benchmarking for the future
The clock is ticking on the likely end of LIBOR but liquidity in markets referencing risk-free rates is slow to develop, leaving firms hesitant to trade RFRs. This in turn is hampering the development of a liquid curve. What are the cost-benefit considerations for buy-side firms trading in contracts that reference LIBOR to switch to RFRs? When is the optimum time to start transitioning? What at are pricing implications and what fallback provisions are in place to converse legacy contracts in the event LIBOR is discontinued?
Facilitator
Senior Manager, Interest Rate Products,
Australian Securities Exchange
Panel
Senior Executive Leader, Market Infrastructure,
Australian Securities & Investments Commission (ASIC)
Partner,
Martialis Consulting
Managing Director - Data Strategy,
IHS Markit
May 26, 11am
Investment implementation in the wake of the 'heatmap'
The performance of superannuation funds has come under increased scrutiny, with the Australian Prudential Regulation Authority’s “heatmap” of MySuper products. This session will discuss the impact of this initiative on investment implementation. What are key sources of implementation leakage and what role does investment implementation play in the outperformance and underperformance of funds.
Panel
Head of Portfolio Implementation,
OnePath
Head of Investment Risk,
Australian Prudential Regulation Authority (APRA)
Director - Investment & Wealth Advisory,
Deloitte
May 28, 11am
Best execution in a crisis: the algo versus the desk
The recent market turmoil has put even the most seasoned traders and well-designed algorithms to the test.
This session will discuss the challenges facing traders during the crisis, the performance of different styles of
algorithms, the benefits and limitations of algo wheels in aiding the algorithm selection process and the role
of the trading desk in navigating liquidity and volatility.
Panel
Trader,
Perennial Value Management
Associate Director, Transaction Cost Analysis,
IHS Markit
June 2, 11am
Liquidity, price discovery and the closing auction
The recent crisis has triggered some of the largest market swings in history. This session will discuss lessons
from the crisis with respect to liquidity and price discovery at different times of day, and how to navigate the
market going forward.
Panel
Professor of Finance,
UNSW Business School
Senior Equities Dealer,
IFM Investors
Sales Manager - Trade Execution,
Australian Securities Exchange