Event details

2 March 2017

200 Aldersgate
St. Paul's
London
EC1A 4HD

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portfolio Verlag
Office 5.05 – 5th Floor
Fleet House
8-12 New Bridge Street
London EC4V 6AL
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E:  london@portfolio-verlag.com

Liquidity conference

Programme

08.30 - 08.40

Registration & breakfast

08.40 - 09.00

Breakout Session

Infrastructure Debt: Capturing value from illiquidity

Claire Smith, associate director, Macquarie Asset Management

09.00 - 09.30

Breakfast and networking

09.30 - 09.40

Welcome

09.40 - 10.30

Panel discussion I

How should investors measure illiquidity?

  • The reasons behind the lack of liquidity in markets and the issues this poses.
  • How do investors know if they have enough liquidity in their portfolios?
  • What due diligence needs to be undertaken before entering illiquid investments?

Mark Hedges, chief investment officer, Nationwide Pension Fund
Claire Smith, associate director, Macquarie Asset Management
Chris Redmond, global head of credit research, Willis Towers Watson
Mike Weston, chief executive, Pensions Infrastructure Platform
Nick White, global director of portfolio construction research, Mercer

 

10.30 - 10.45

Coffee break

10.45 - 11.30

Panel discussion II

Making the most of illiquidity premia

  • Defining the illiquidity premium and how it can be accessed.
  • What asset classes provide an illiquidity premium?
  • The pros and cons of illiquid assets
  • Capacity: is there enough illiquidity to go round?

Pete Drewienkiewicz, head of manager research, Redington
Adrian Jones portfolio manager, infrastructure debt, Allianz Global Investors
Max Mitchell, senior managing director, head of direct lending, Europe, ICG
Mark Thompson, chief investment officer, HSBC Bank Pension Trust

11.30 -11.35

Comfort break

11.35 - 12.20

Panel discussion III

Opening up illiquid assets to DC schemes

  • How to get around daily pricing. Is it really necessary?
  • The benefits of illiquidity for DC schemes.
  • Illiquid asset classes suitable for DC and the initiatives being explored.

Chris Hitchen, chief executive, RPMI
Laura Myers, head of DC investment, LCP
Giles Payne, director, HR Trustees
Anne Swift, director and head of DC investment, KPMG

 

12.20

Closing

12.30

Sit-down lunch and networking