Monday 5th July, 2021

11:00 – 12:00
Registration

12:00 – 12:05
Welcome from the Chairman

Speaker
John Harrison
Adviser
Border to Coast Pensions Partnership

Devil’s Advocates Panel
Jill Davys, Independent Adviser
Eric Lambert, Independent Investment Adviser
Tim Mpofu, Head of Finance – Pensions & Treasury, Haringey Council


12:05 – 12:25
Presentation: Private Markets Post Trump, Brexit and Covid-19
LGPS are uniquely positioned to take advantage of the illiquidity premium which private markets offer and recent events have created a distinct opportunity for custodians of long term capital. In this session, we explore some of the opportunities available to private markets investors and why there is optimism going forward.

Presenter
Max Ramirez
Managing Director, Alternatives Capital Markets & Strategy Group
Goldman Sachs


12:25 – 13:05
Panel: How a Multi-Asset Investment Solution Can Navigate Through a Period of Rising Inflation
Are we going into a permanent period of higher inflation or is the Federal Reserve’s suggested ‘transitional’ inflationary period the most likely outcome? Will higher inflation bring an end to decades of declining bond yields? Our panel considers if bonds can continue to provide a hedge against equity risk in this environment and what asset classes could perform best and protect against higher inflation.

Panellists
William Bourne
Independent Adviser

Kevin McDonald
Interim Director
ACCESS

Bola Tobun
Pension & Treasury Manager
London Borough of Enfield

Andy Warwick
Real Return Portfolio Manager
Newton Investment Management

13:05 – 14:00
Lunch

14:00 – 14:20
Interview: Integrating Sustainability into Fixed Income portfolios

Interviewee
Yvette Klevan
Managing Director, Portfolio Manager/Analyst
Lazard Asset Management


14:20 – 15:00
Panel: Emerging vs Developed Markets – The Decade Ahead
What can an active investor expect over the next ten years? We explore the valuation discount of EM vs DM, the reasons behind that discount and some significant ESG concerns.

Panellists
Tim Dickson
Asian & Emerging Market Equities Fund Manager
Invesco

Anthony Fletcher
Independent Adviser

Anthony Petalas
Portfolio Manager
Border to Coast Pensions Partnership

Mike Weston
CEO
LGPS Central


15:00 – 15:40
Roundtable Discussions: Pool Communication

Facilitator
Jeff Houston
Secretary
Local Government Association

Moderators
Howard Bluston
Independent Investment Adviser

Simon Brew
Member, Pension Committee
London Borough of Croydon

Vanessa Churchman
County Councillor Pensions Committee
Isle of Wight Council

Jeremy Hunt
Cabinet Member for Finance
West Sussex County Council

John Jones
Independent Pension Board Chair
Dyfed and Tower Hamlets Pension Funds

Roger Kershaw
AD Resources
London Borough of Merton

Harry Lamprinopoulos
Client Relations Manager
London CIV

Keith Onslow
Pensions Chairman
London Borough of Bromley

Anthony Parnell
Treasury & Pension Investments Manager
Carmarthenshire County Council

Nemashe Sivayogan
Head of Treasury and Pensions
London Borough of Merton

15:40 – 16:05
Coffee

16:05 – 16:25
Interview: Build to Rent: Resilience and Opportunity in a Growing Sector
The Build to Rent sector showed real resilience through the COVID-19 pandemic, with rent collection and occupancy remaining high, and economic trends looking supportive going forward. In this interview, we look at how this sector has fared so far during the pandemic, and what risks and opportunities may lie ahead. We will also discuss leveraging size and scale to create meaningful and measurable added-value benefits not only for residents, but also for pension scheme investors.

Interviewee
Dan Batterton
Fund Manager BTR, Real Assets
Legal & General Investment Management


16:25 – 16:45
Presentation: Incorporating UN Sustainable Development Goals into Investment Decisions
What are the UN SDGs and what role do they play for asset managers? Our speaker explains how SDG’s can be measured and defines the characteristics of an SDG portfolio compared to a non-SDG portfolio.

Presenter
Thomas Kieselstein
CIO
Quoniam Asset Management


16:45 – 17:05
Interview: Value Investing

Daniel Nicholas
Client Portfolio Manager
Harris Associates


17:05 – 17:25
Presentation: Don’t Wait for a Better World, Invest for it
Investors are considering the impact of climate change on their portfolios and how to align their investments to support the Paris Agreement and Net Zero goals. Is it possible to reduce your carbon footprint and also deliver positive environmental and societal benefits, while not sacrificing financial returns?

Presenter
Marco Lenfers
Sustainable & Thematic Equity Client Portfolio Manager
Vontobel Asset Management


17:25 – 17:30
Chairman’s Closing Remarks

18:30 – 22:00
Drinks and Dinner in the Walled Garden

Tuesday 6th July, 2021

08:30 – 09:00
Coffee

09:00 – 09:05
Chairman’s Opening Remarks

Speaker
John Harrison
Adviser
Border to Coast Pensions Partnership

Devil’s Advocates Panel – Morning Session
Philip Hebson, Independent Adviser
Denise Le Gal, Chair, Brunel Pension Partnership
Phil Triggs, Tri-Borough Director, City of Westminster


09:05 – 09:25
Presentation: The Role of Bonds in a New Era of Low Yields

Quentin Fitzsimmons
Portfolio Manager, Fixed Income
T. Rowe Price


09:25 – 09:45
Presentation: Climate Change – Creating Returns That Benefit the World We Live In

Presenter
Lucian Peppelenbos
Climate Strategist
Robeco


09:45 – 10:25
Panel: The Future of Food

Panellists
Tai Lin
Managing Partner – Proterra Asia
Proterra Investment Partners (a Fidante Partners affiliate)

Gustave Loriot
Responsible Investment Manager
London CIV

Skye Macpherson, CAIA
Executive Vice President and Global Head of Portfolio Management
Westchester Group Investment Management


10:25 – 11:00
Roundtable Discussions: Implementing Evolving Asset Allocation Goals
As investment strategy evolves, so too does the optimum asset allocation. Setting a suitable strategy is only part of the equation, so how can a fund assess the best path to an ideal allocation? Are the necessary monitoring and reporting tools available to ensure effective implementation? Should the pool offer advice or guidance?

Moderators
Howard Bluston
Independent Investment Adviser

Peter Carpenter
Councillor
Wandsworth Borough Council

Richard Harbord
Chair Pension Board London Borough Harrow, Adviser to Trustees ROSL Pension Fund
MRF UK LTD

Nigel Keogh CPFA
Strategic Pensions Consultant
Barnet Pension Fund

Tauqeer Malik
Councillor
NESPF

Henry Pollard
Trustee
City of London Corporation

11:00 – 11:30
Coffee

11:30 – 11:50
Presentation: Can Real Estate Investing Lead to Real Social Impact in the UK?
Academic studies suggest that the UK has one of the highest levels of regional inequality among developed economies. However, this is not just an economic, or political issue. It is also a social issue, with studies suggesting that Covid-19 has only exacerbated these circumstances. Nick Montgomery, Head of UK Real Estate Investment at Schroders will discuss the need to invest more in less affluent areas to address this inequality and support the government’s levelling-up agenda. And with Covid-19 accelerating a fundamental shift from investors towards strategies which generate a positive social and environmental impact, Nick will also share how it is possible to build a real estate portfolio that has the potential to deliver positive real return, both in a financial sense and in making a practical contribution to society and the environment.

Presenter
Nick Montgomery
Head of UK Real Estate Investment
Schroders


11:50 – 12:30
Panel: Protecting the Security of Infrastructure Income

Panellists
John Carey
Investment Director – Infrastructure Debt (UK/Europe)
IFM Investors

Rachel Elwell
Chief Executive Officer
Border to Coast Pensions Partnership

Ted Frith
Chief Operating Officer
GLIL Infrastructure LLP

Nicholas Moller
Managing Director
J.P. Morgan Asset Management


12:30 – 12:50
Presentation: Intriguing Infrastructure Opportunities

Jerome Duthu-Bengtzon
Partner, Infrastructure Team
Pantheon

12:50 – 13:45
Lunch

Devil’s Advocates Panel – Afternoon Session
John Gray, Councillor, London Borough of Newham
Fiona Miller, Chief Operations Officer, Border to Coast Pensions Partnership
Debbie Drew, Pensions and Treasury Manager, London Borough of Waltham Forest


13:45 – 14:05
Presentation: Impact Investing

Presenter
Freek Spoorenberg
Head of Strategy & Investor Relations
BlackRock Renewable Power


14:05 – 14:45
Panel: Delivering a Stable Income from Real Estate in Disruptive Times
We discuss a host of pressing themes including how to construct a property portfolio fit for the future, liquidity, the future of the office and managing the carbon-covid challenge.

Panellists
Adrian Benedict
Head of Real Estate Solutions
Fidelity International

James Coke
Co-Head of Institutional, UK Real Estate
Columbia Threadneedle Investments

Jeff Dong
Head of Finance
City & County of Swansea

Neil Mason
Strategic Finance Manager
Surrey Pension Fund


14:45 – 15:05
Presentation: Social Housing

Presenter
Stuart Fiertz
Co-Founder, Head of Responsible Investment
Cheyne Capital

15:05 – 15:30
Coffee

15:30 – 16:10
Panel: Private Credit Strategies

Panellists
Trevor Castledine
Senior Director
bfinance

Tom Collier
Executive Vice President, Product Strategist
PIMCO

Graham Cook
Chief Investment Officer
Environment Agency Pension Fund

Paul Guilliotti
Assistant Director of Resources (Financial Services)
Richmond and Wandsworth Councils


16:10 – 16:30
Keynote Presentation: Investment Risk

Speaker
Rachel Harris
Head of Credit, Equity and ESG Investment Specialists
Aviva Investors


16:30 – 17:10
Panel: The Evolution of pooling from the CIO perspective
We are now more than three years into the practicalities of the LGPS pooling project. While the process continues to gain momentum, how has pooling impacted on the LGPS and what could the future hold? Our panel will discuss how pooling has progressed since inception, and the challenges and opportunities that pooling will present for the LGPS investment pools and funds alike.

Panellists
Daniel Booth
Chief Investment Officer
Border to Coast Pensions Partnership

Jason Fletcher
Chief Investment Officer
London CIV

William Bourne
Independent Adviser


17:10 – 17:15
Chairman’s Closing Remarks

19:00
Dinner