September 21, 2020
12:00 PM - | Registration Opens
1:15 PM - | Keynote: “The Opportunities and Risks for Investors in the Move to a Decarbonized Economy”
Hear about fascinating and overview of the latest scientific evidence on climate change. Learn about the risks —
as well as the opportunities — facing companies and investment fiduciaries. Discover from an expert — the
founder and CEO of London-based Carbon Cap — just how decision-makers can take action to lower risk and
generate attractive returns in the move to a decarbonized economy. Not to be missed!
Speaker: Michael Azlen, Founder and CEO, Carbon Cap Management LLP (London, England)
Sophisticated investment strategies are known to increase the needs for operational support. But how does your strategy work against your operations? Do today’s most advanced strategies radically constrain the back office? What are the technology and data implications to your front office support? Can a combination of third party providers truly achieve data and reporting optimization? Should your legal team be part of the consideration? In this session, with an entirely fresh vantage point, an investment operations expert will take us through all of this, connecting the dots between your front and back office gaps and most importantly, how to mitigate them.
Speaker: Lorelei Graye, President & CEO, ADS Initiative
2:30 PM - | Networking Break
How do pension funds allocate assets in a fragmented alternative assets market? And how has COVID-19 affected their decisions? Learn from top experts as to what you need to do to build a better portfolio that can increase your ROI in these challenging times:
- How to navigate the various options and approaches that make sense today
- Given market conditions and a risk of overexposure, what are your allocation and investment plans?
- Where is the “smart money” currently invested?
- How multi-asset strategies reduce correlations, lower volatility and limited downside risk? If so, by how much?
- How has multi-asset investing evolved over the years — and what you can learn from it
3:30 PM - | The Coming of Age of Infrastructure Debt
A recent report from the Institute of Civil Engineers indicated that closing the global investment gap in infrastructure would require spending the equivalent to 3.8% of global GDP; that has created the long-term demand for infrastructure financing. In this session, you will hear a review of the market outlook and growing opportunities for infrastructure projects from a global perspective and why infrastructure debt would be an interesting strategy to include into an institution’s asset mix. Hear an exploration of the advantages of infrastructure debt as an asset class with a focus on duration, sector and geographical diversification, credit quality and yield comparison to corporate credit and public markets.
Speaker: Shantini Nair, Senior Product Specialist, HSBC Global Asset Management
4:00 PM - | Networking Break
Investor fees continue to come under scrutiny. Are these fees really too high? Or just a lack of transparency? And what does transparency mean for pension funds? Will technology radically alter reporting practices while allocations to private equity increase? And, most importantly, does investor behaviour need a radical change as well? In this session, you will get the answers to those questions — and more — from a speaker whose widely-praised plans are vital to the entire institutional investment community. This is a revealing not-to-be missed session!
Moderator: Tom Walker, Treasurer & Founding Board Member - ADS
Speaker: Lorelei Graye, President & CEO, ADS Initiative
5:00 PM - | Networking Reception
September 22, 2020
7:30 AM - | Breakfast
8:15 AM - | Opening Remarks (Presidential Sponsor)
8:25 AM - | Keynote Address - Where Risks Become Opportunities: OPTrust’s Evolution to Sustainable Investing
Low interest rates. Market volatility. Geopolitical risks. Climate change. Pension funds are being forced to navigate an increasingly challenging investing environment in pursuit of delivering sustainability to the members who depend on them – today and decades in the future.
In a world characterized by unprecedented challenges, how do pension plans balance risk and opportunity? Learn from Peter Lindley, OPTrust’s President and CEO, as he outlines the successful approaches the fund has taken to embed climate risk into its investment strategy, measure carbon exposure across the total portfolio and integrate ESG factors for long-term sustainability while remaining fully funded for 11 straight years
Speaker: Peter Lindley, President & CEO OPTrust
9:10 AM - | Special Presentation
9:40 AM - | Networking Break
Ruthless policy is rattling markets. Trump is erratic — ramping up pressure on China, the EU and others. Brexit has caused great uncertainty. Climate change — and the horrors it might bring — is on everyone’s minds. These uncertainties — and many others — are poison for the economy and risk sentiment alike. These uncertainties all remain the key drag on global economic uncertainty. Investors in alternatives, however, can take advantage of these risks --if they have the knowledge and are aware of the risks. This panel, consisting of CIOs from highly respected institutions, will discuss the strategies and industry sectors they expect will drive their investments in the years to come.
Hear them discuss:
- Are you considering changes to your plan’s asset allocation?
- If yes, what is driving that decision?
- How are you navigating high prices and growing competition to generate superior returns?
- Highlight your most successful and least successful investment decision
- Do you use your plan’s funded status to make asset allocation strategies?
- Discuss how your fund approaches ESG/Sustainability investing
- What is the smartest money buying?
- How did alternatives help the ROI of your fund?
Moderator: Terri Troy, President, Troy Advisory Services & Former CEO, Halifax Regional Municipality Pension Plan
- Michel Malo, Chief Investment Officer, Provident10
- Stephen Thompson, Executive Director, Capital Markets, Department of Treasury Board and Finance, The Government of Alberta
The use of derivatives in investment strategies can add diversification across several important axes (instruments, asset classes and geographies). Learn how to address common derivatives investing challenges and why vanilla options (though they may appear simple because they are easy to access) might actually be the most complex to manage. Practical examples illustrate how derivatives strategies can take advantage of structural market anomalies linked to flows to generate all-weather performance.
Yann Le Her, Partner and Senior Portfolio Manager, LFIS
Niche strategy investing could be defined as any investment that doesn’t fit neatly into a defined category or traditional set of parameters. It requires unique expertise and sophistication to pursue, manage and evaluate it. It’s likely to involve investments that are harder to understand, complex and go against traditional norms and trends and are often private and relatively illiquid. But therein lie the opportunities. Investments that are not popular or mainstream are likely to provide premiums for those who can handle the eccentricities — just like private equity back in the day before everyone was doing it. In this session, hear experts in a variety of niche investments who will discuss how to “think outside the box” when considering how to generate return premiums.
- What are today’s niche strategies and how niche can become mainstream?
- What role do non-correlated investments play in a well-dressed allocation and risk model?
- What are the key drivers of return and what are the key risks?
- Current strategies and opportunities that exist in the world against which non-correlated investments mitigate or eliminate risk
- Two unique niches: the value of institutional investment into art and litigation funding
- Considering alpha, does investing in private or direct alternatives offer a premium significant enough to warrant the perceived or real risks associated with these investments?
Max Doyle, Country Manager - Augusta Ventures Canada Ltd.
Nancy Hoi Bertrand, Managing Director - Citi
12:15 PM - | Lunch
1:15 PM - | Gold as an Alternative Asset Class
1:45 PM - | ESG—if not now, when?
Sustainable investing is very hot right now — but it is often misunderstood. Many investors think a sustainable agenda limits a portfolio to a narrow piece of the market. Conventional wisdom suggests that creating a sustainable equity portfolio is a restrictive exercise that involves screening out stocks and fishing in a condensed subset of the broader equity market. But both research and practice shows quite the opposite: many companies across a wide range of industries and countries are, in fact, aligned with the United Nations Sustainable Development Goals (SDG). In this session, hear from leading experts about how to get the very best return on investments using sustainable investing — and why it works so well!
Moderator: Joy Williams, Climate Change Specialist for Finance and Industry, Mantle
- Alison Loat Managing Director, Sustainable Investing, Innovation - OPTrust
- Rosalie Vendette, Independent Sustainable Financing Expert
There has been a rapid growth of private debt and the volume has grown quickly since the turn of the century — at virtually 29% a year. It will become an even bigger asset class with the onset of COVID-19 as institutional investors make loans to private companies or buy those loans on the secondary market. This panel of leading experts will discuss the most important considerations for institutional investors who plan to increase their commitments to private debt investments. You will come away understanding:
- What lessons are emerging as a result of COVID-19?
- What lessons can be learned from the Great Financial Crisis of 2008-09 that is relevant today?
- What yield premiums are available in private debt today?
- How does this contrast with the long-term average premium?
- Where are the opportunities in the private debt space for 2020-2021
- Francois Audet, Senior Director, Co-Head of Credit & Private Placement - PSP Investments
- Theresa Shutt, Chief Investment Officer - Private Fiera Debt
- Jeffrey Deacon, Founding & Managing Partner - Private Debt Partners
- Greg Racz, President - MGG Investment Group
3:30 PM - | Networking Break
3:45 PM - | The Hottest New Opportunities for Private Credit
There are now enormous opportunities to be found in private credit and alternative credit growth. It is an asset class comprised of higher-yielding, illiquid investment opportunities that covers a range of risk/return profiles. This includes credit that is secured in the capital structure with fixed-income like characteristics. In this session, featuring leading experts will discuss:
- The latest developments in asset-backed debt, direct lending and alternative credit.
- How to access the full spectrum to credit instruments to deliver absolute performance while limiting your duration risk and interest rate sensitivity
- The number of opportunities, innovations, and remarkable achievements within this asset class.
Speaker: Colin Kilgour, Principal - Kilgour Williams Capital
Although they are more prone to extreme ups and downs, emerging markets as a whole typically grow at a faster pace than developed markets. In 2019, emerging markets expanded at a rate of 4.9% — more than twice the rate of developed markets. Technological advances, GDP growth, and demographic shifts are some of the key drivers of transformative change in emerging markets. But not all opportunities are created equal. How can you help clients tap into this growth story while being mindful of the risks? Hear industry veterans weigh in on this debate - and your investment decisions in this most interesting area will be vastly improved!
Moderator: Peter Cashion, Chief Investment Officer, Financial Institutions Group, International Finance Corporation
- Vito G. Dellerbra, Director, Investments - CDPQ
- Rashad Kaldany, Co-Founder & CIO, Orange Sustainable Capital, (Previously EVP for Growth Markets at CDPQ)
- David Ross, Managing Director, Capital Markets Group - OPTrust
- Roberta Brzezinski, Managing Partner - Capital Works Emerging Markets
5:30 PM - | Day 2 Wrap - Up
6:00 PM - | Gala Reception & Dinner
September 23, 2020
7:30 AM - | Breakfast
8:15 AM - | Remarks from the Chair
Hear how new technologies such as Artificial Intelligence/Machine Learning, Quantum Computing, Digital Asset/BlockChain, the Internet of Things (IOT)/5G, and Cyber Security are impacting pension funds and their assets under management. Opportunities such as ubiquity, speed and solving complex problems requiring big data inputs and efficiency through the illimitation of repetitive tasks as well as anonymity, are balanced against the risks of ever increasing cyber breaches and privacy concerns and bias decision. Consider how Cyber Dependency is interacting with other non financial risks such as aging, disparity of income and wealth, and interstate conflict will change the landscape of investing over the next decade.Speaker:
Real assets -- including real estate and infrastructure — are playing an ever-important role in a multi-class portfolio. This expert panel will examine and delve into a wide array of performance trends and risks in various real asset classes that will result in a better portfolio.
- The newest opportunities, strategies, risks and rewards involved in real assets
- Impact of oil prices and outlook for the year to come
- How do real assets fit into a portfolio?
- Exploring what’s happening in Infrastructure
- Oil and gas v. Renewables
- The value of investing in farmland
- Natural resources — energy, water, timber
- Steven D'Cunha, Senior APM, Investment Management Corporation of Ontario
- Daniel Marchand, Senior Vice President, Head of Global Investor Sales, Trez Capital
10:15 AM - | Networking Break
10:30 AM - | Special Session to be Announced
11:00 AM - | Effectively Capitalizing on International and Domestic Real Estate Markets In 2020 and Beyond
Real estate has served as a core performer for investors — despite its illiquid nature and high valuations. In this session, discover expert perspectives on current developments. Learn where real estate demands are heading in Canada, the U.S. and internationally — and find out where — and how — to make your investments profitable. You will get to examine a broad range of strategies and property types to discover new opportunities in a crowded market. You will walk away with new perspectives that will enhance your real estate investments.
Moderator: Charles Quintal, President, Retirement Committee, Assembly of Quebec Catholic Bishops
11:45 AM - | Session to be Announced
12:15 PM - | Closing Keynote Presentation: Why We All Need to be Concerned About the Canadian Retirement Income System
Keith Ambachtsheer, Director Emeritus, International Centre for Pension Management (ICPM); Rotman School of Management, University of Toronto; Senior Fellow, National Institute on Aging (NIA), Ryerson University; President, KPA Advisory Services