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7th annual Nordic Investors Forum, 7-8 September 2010 ...

7th annual Nordic Investors Forum, 7-8 September 2010

Growing returns by effective diversification and reading the future financial landscape
After a challenging year and a half, confidence is returning to Nordic institutional investors, who have spent the last year redressing their investment strategies to suit the changed economic landscape. Yet with positive global economic forecasts for 2010, this is the right time to start planning for the upturn and invest in future areas of growth.

➔ Roubini predicted the recession in 2006; hear what its
economists have to say about the recovery in the global
markets and how it will affect the Nordic region

➔ Find out how the coming Solvency II rules and
financial reporting will affect asset allocation, with
the Senior Advisor to PRI Pensiongaranti

➔ Gain an understanding of where future opportunities
will lie in various asset classes from commodities and
private equity to real estate

➔ Hear from successful investors in the region on how
they have made gains in the current climate, with case
studies by CIO’s of PP Pension and APG

➔ Benchmark your investment, manager selection
criteria and asset allocation strategies against
those of your peers, with SPP, Folksam, Skandia Liv,
and Nordea

Find out more at www.nordicinvestorsforum.com

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Nordic Investors Forum Nordic Investors Forum Document Transcript

  • Free for pension presents the 7th Annual funds until 25th June* Nordic Investors Forum 2010 Growing returns by effective Your VIP 2010 speaker faculty includes: Ronald Wuijster, Head of Strategy and Research, APG Investments diversification and reading the Cecilia Thomasson Blomquist, future financial landscape Chief Investment Officer, PP Pension 7 – 8 September 2010 | Hilton Slussen Stockholm Staffan Hansén, Investment Director, SPP ➔ Roubini predicted the recession in 2006; hear what its Mikael Dahlin, economists have to say about the recovery in the global Head of Alternative markets and how it will affect the Nordic region Investments, Folksam Birgir Stefánsson, ➔ Find out how the coming Solvency II rules and Investment Manager, financial reporting will affect asset allocation, with Pension Fund for State Employees LSR the Senior Advisor to PRI Pensiongaranti Heli Huhtala, ➔ Gain an understanding of where future opportunities Head of Investments, Bank of Finland will lie in various asset classes from commodities and Peter Lindblad, private equity to real estate Senior Advisor and former President, PRI ➔ Hear from successful investors in the region on how Pensionsgaranti they have made gains in the current climate, with case Per Lindgren, studies by CIO’s of PP Pension and APG Head of Manager Selection, Skandia Liv ➔ Benchmark your investment, manager selection Lars Frisell, criteria and asset allocation strategies against Chief Economist, those of your peers, with SPP, Folksam, Skandia Liv, Finansinspektionen Swedish FSA and Nordea Svante Bergstrom, Fund managers, Brummer www.nordicinvestorsforum.com and Partners Arnab Das, Managing Director, Roubini Global Economics Jerome Booth, Head of Research, Ashmore Investment Patrik Safvenblad, Investment Partner, Harmonic Capital Sponsors Jauri Hakka, Executive Director, Fund & Manager Selection, Nordea h and Investment Management “Speakers were good and the content was fres of participants” Lars Lovgren, relevant. Good event and good mix Man aging Director, rBS Head of Hedge Funds, DnB NOR Asset Management “Good quality attendees - keep it up!” Yngve Jordal, General Partner, West LB Director of Hedge Funds, Orkla Finans Fabio Quaradeghini, Media Partners Senior Fund Manager, Landsbanki Jesper Kirstein, Chief Executive Officer, Kirstein Finans Jan Bernhard Waage, Managing Director, Wassum T: +44 (0)20 7368 9300 F: +44 (0)20 7368 9301 E: enquire@iqpc.co.uk Investment Consulting
  • www.nordicinvestorsforum.com Chairman’s note: On behalf of Finance IQ, I am delighted to welcome you all to the 7th annual Nordic Investors Forum in Stockholm. I am sure that those of you who have attended the conference before recognise this event as one of the most interesting and rewarding in the region. We have experienced one of the most challenging and turbulent periods in financial history. As a consequence, many Nordic Investors are reviewing their investment strategy and challenging long held investment beliefs. Our goal has been to create a forum to discuss some of the most pertinent issues for the investment community today. Emerging markets, asset allocation strategies, new regulations, alternative investments and ETF’s are some examples. Some of the industry’s thought-leaders and most renowned speakers will be there to share their best ideas and experiences including probably some war wounds from the last two years. When you add this insight to some of the best networking opportunities in the region, you get a conference which is, without doubt, one of the best ways to gain new ideas for the next 12 months. See you in Stockholm in September! Jan Bernhard Waage, Managing Director, Wassum AB Wassum provides investment sourcing services to institutional investors. The services include strategic advice, manager research, administrative support, financial education and responsible investment research. Day One Agenda: 7 September 2010 08:30 13:50 Registration and Coffee Practitioners Perspective: Will a new regulatory framework change 09:00 the asset allocation of pension funds? Chairman’s Opening Remarks r Defining the future landscape in 2012 Jan Bernhard Waage, Managing Director, Wassum Investment Consulting r Has the risk appetite of pension funds changed? r Does financial reporting have an impact on asset allocation? LOOKING INTO THE CRYSTAL BALL – GLOBAL CuES ON THE r Prudent regulation strikes a balance between security and costs: has RECOvERY AND BEYOND the financial crisis shifted the balance? r Risk sharing between individuals and generations - a powerful tool 09.05 r Insolvency guarantees and contingent assets can be a cost efficient The Macro picture: Where are the markets now? way of increasing security r U, V and W – what will the recovery look like? Peter Lindblad, Senior Advisor and former President, PRI Pensionsgaranti r What is the biggest threat – inflation or deflation? r Where are future yields likely to come from? AN AFTERNOON OF ExAMINING THE POST RECESSION Arnab Das, Managing Director, Roubini Global Economics INvESTMENT POTENTIAL OF ALTERNATIvE ASSET CLASSES 09.30 14.45 PANEL I Emerging Markets: A source of growth in an Panel II The Hedge Fund debate – are they an essential uncertain environment? component of an ‘all weather portfolio’? r What is the risk appetite for emerging markets? r How have they adapted to a post recession world? r What currently constitutes ‘fair-value’ in emerging market equities? r Transparency, liquidity and understanding their investors objects – are r Investment opportunities in the credit markets – which way are the hedge funds delivering on these counts in 2010? spreads headed? r Hedge fund beta replication – a good strategy? r Emerging markets that are likely to see issuance in the short term r Is investing in hedge funds compatible with SRI? Moderator: Jan Bernhard Waage, Managing Director, Wassum Moderator: Jan Bernhard Waage, Managing Director, Wassum Investment Consulting Investment Consulting Speakers: Jerome Booth, Head of Research, Ashmore Investment Speakers: Lars Lovgren, Head of Hedge Funds, DnB NOR Asset Arnab Das, Managing Director, Roubini Global Economics Management 10.20 Networking Coffee Break Yngve Jordal, Director of Hedge Funds, Orkla Finans Svante Bergstrom, Managing Director Fund Manager, Brummer and Partners THE CHANGED MARKETPLACE – HOW WILL IT AFFECT INvESTORS 15.30 Networking Coffee Break 10.50 16.00 After the crisis: Rethinking liability driven investment Commodities – Solidity to bank on? r What went wrong with traditional asset allocation r What is the best way to gain exposure? r How to deal with non-normal returns and time-varying characteristics r Trends in demand, supply and price of energy, metals and softs of asset returns r How are commodities correlated to the markets? r How to deal with liquidity – or the lack of it? r The importance of a forward-looking approach 16.30 Heli Huhtala, Head of Investments, Bank of Finland Private Equity – New model, new opportunities r Profit from the paradigm shift in power between manager and investor 11:50 r Reading debt negotiations to pick winners over the next 5 years Real Estate Securities – their role in a diversified portfolio r Investment exits – the new performance benchmark? r What is the case for an allocation to global real estate securities? r Is it necessary to sacrifice liquidity and transparency for real estate exposure? 17.00 r Should a securities allocation replace or sit alongside other real estate Panel III What next for Iceland? investments (e.g. direct property, private equity)? r Future outlook on the Icelandic Kroner, interest rates and r How can different real estate asset classes be best used for tactical banking system and strategic allocations? r What are the pension funds doing to cover liabilities r What is the current outlook for the various forms of global real estate r Long term strategy for the markets in Iceland – is there a way out? investments? Speakers: Birgir Stefánsson, Investment Manager, Pension Fund for Alan Supple, Senior Portfolio Strategist - Urdang Capital Management State Employees LSR Products, BNY Mellon Asset Management International Fabio Quaradeghini, Senior Fund Manager, Landsbanki 12.45 Luncheon 17.30 Chairman’s Closing remarks 17.45 Evening Networking Drinks Reception Sponsored by BNY Mellon T: +44 (0)20 7368 9300 F: +44 (0)20 7368 9301 E: enquire@iqpc.co.uk
  • www.nordicinvestorsforum.com Day Two Agenda: 8 September 2010 08:30 Moderator: Jesper Kirstein, Chief Executive Officer, Kirstein Finans Registration and Coffee Speakers: Patrik Safvenblad, Investment Partner, Harmonic Capital Jauri Hakka, Executive Director, Fund & Manager Selection, Nordea 09:00 Investment Management Chairman’s Opening Remarks Per Lindgren, Head of Manager Selection, Skandia Liv Jan Bernhard Waage, Managing Director, Wassum Investment Consulting 11:50 The regulatory landscape – A supervisory perspective STRATEGIES THAT TESTED WELL IN THE DOWNTuRN r An update on Basel III r How will it affect liquidity, cost of credit and asset prices? 09.05 r How will institutional investors be affected? Case study: APG Lars Frisell, Chief Economist, Finansinspektionen Swedish FSA Balancing risk and return to a new equilibrium r Why the fund needs to be managed actively? 12.45 Luncheon r Future directions r Corporate governance 13.50 Ronald Wujister, Director or Strategy and Research, APG Portfolio strategies with Exchange Traded Funds r Will leveraged ETF’s be the next asset class to go toxic? 09.30 r ETF’s as alternatives tools to derivatives Case Study: PP Pension r Index trackers versus active managed portfolio of shares r Best ways to implement ETF’s strategies r Constructing a portfolio that optimises risk and return objectives r Dealing with volatility, uncertainly and market sentiment 14.35 r PP pensions fund platform system – how and why it works PANEL v So where does this leave the asset Cecilia Thomasson Blomquist, Chief Investment Officer, PP allocation debate? Pension r Diversification has been in vogue yet it did not protect investors from the credit crisis – so what should be done next? 10.20 Networking Coffee Break r Should allocation decisions be hedged? r Has illiquidity been underpriced – what effect will a correction have METHODS TO IMPROvE EFFICIENCIES AND PERFORMANCE on mandates r Which positions are likely to generate alpha 10:50 Speakers: Staffan Hansén, Investment Director, SPP Panel Iv Picking a winning team – are external managers the Mikael Dahlin, Head of Alternative Investments, Folksam way forward? r Advantages of in-sourcing versus outsourcing 15.30 Chairman’s Closing remarks r What criteria to use in the absence or failure of quantitative strategies? r Roles of fees SPONSOrSHIP OPPOrTUNITIeS three easy ways to get involved 1 Thought Leadership: With an expected audience of senior finance customers and decision makers from across the globe, Finance IQ events enable you to build your reputation as a market –leader in your chosen domain through speaking sessions and subject specific conference streams, workshops and focus days 2 Branding: We bring together buyers and suppliers in a tailored location with unbeatable facilities for on-site branding and exposure. Furthermore, our dedicated marketing team can help you achieve your promotional aims in the months leading up to the conference with dedicated mailings to cover 50,000 contacts through brochure drops, extensive e-mail campaigns and tailored web coverage 3 Featured Networking Events: Focused and high level, our events will provide you with the perfect environment to initiate new business relationships and achieve face to face contact that overcrowded tradeshows cannot deliver. Sponsorship opportunities range from exhibition stands to sponsored lunches, cocktail receptions, gala dinners and a host of informal social networking events. For further details, or to discuss which option is best for your organisation, please call Sean Mcveigh on +44 (0)207 368 9500 or e-mail sponsorship@iqpc.co.uk Sponsors Founded in 1741, Wegelin & Co. is Switzerland’s oldest bank and ties with leading universities worldwide. currently manage assets of over CHF26 billion. As a limited partnership, Wegelin Asset Management has developed several research-driven, Wegelin & Co. is one of the few remaining banks whose managing active quantitative investment strategies – the Active Indexing® equity partners have unlimited liability. strategy being the best known of these. We also offer products in several Wegelin Asset Management, the bank’s institutional investment arm, is other asset classes, such as volatility, currencies and fixed income. one of Switzerland’s leading active quant managers and maintains close BNY Mellon is a global financial services company focused on helping clearing services and treasury services through a worldwide client- clients manage and service their financial assets, operating in 34 focused team. It has US$22.4 trillion in assets under custody and countries and serving more than 100 markets. administration, US$1.1 trillion in assets under management. BNY Mellon is a leading provider of financial services for institutions, Additional information is available at www.bnymellon.com corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, Media Partners T: +44 (0)20 7368 9300 F: +44 (0)20 7368 9301 E: enquire@iqpc.co.uk
  • Nordic Investors Forum 2010 5 WAYS TO REGISTER CONFERENCE: 7 – 8 September 2010 Freephone: 0800 652 2363 or VENUE: Hilton Slussen Stockholm +44 (0)20 7368 9300 To speed registration, please provide the priority code located on the mailing label or in the box below. Fax: +44 (0)20 7368 9301 My registration code is PDFW Post: your booking form to Please contact our database manager on +44(0) 207 368 9300 or at database@iqpc.co.uk quoting the registration code above to inform us of any changes or to remove your details. IQPC Ltd. Anchor House, 15-19 Britten Street, London SW3 3QL Online: www.nordicinvestorsforum.com Email: enquire@iqpc.co.uk Free Online Resources To claim a variety of articles, podcasts and other free resources please visit www.nordicinvestorsforum.com Venue & Accommodation PACKAGE Register and Pay before 25th June 2010** Standard Industry Rates VENUE: Hilton Stockholm Slussen hotel. Guldgränd 8, Box 15270, Stockholm, Institutional Investor Rates FREE* €599 + VAT Sweden 10465. Tel: 46-8-51735300 Fax: 46-8-51735311 www.hilton.co.uk/stockholm SAVE €600 Industry Rates €2899 + VAT ACCOMMODATION: €2299 + VAT Overnight accommodation is not included in the conference fee. To * There are 20 free guest places available for institutional investors. As a guest you will attend 4-6 business meetings with asset book accommodation at Hilton Stockholm Slussen, Telephone 0046 8 managers who have expressed an interest in meeting with you. This option enables you to leave the event better equipped with the 517 353 10 or email: reservation.slussen@hilton.com. Always quote knowledge you need to overcome your most pressing business priorities. ** To qualify for discounts, payment must be received with booking by the registration deadline. Early booking discounts are not valid booking code GA1060910. Prices from SEK 2200 inclusive vat and in conjunction with any other offer. breakfast. Please book before 6 August. For further accommodation in Swedish VAT Charges at 25%. VAT Registration #: SE 5020 6682 2301 Stockholm search: www.4cityhotels.com/stockholm.html Delegate Details Digital Conference On CD-ROM Please photocopy for each additional delegate A digital version of the conference proceedings, including all 6 Mr 6 Mrs 6 Miss 6 Ms 6 Dr 6 Other presentations, is available to buy. First Name Family Name 6 I cannot attend the event, please send me the CD Rom priced at Job Title £599 plus VAT Tel No. Recent digital conferences available - £599 plus VAT each 6 Liability Driven Investment 2009 Email 6 Nordic Alternative Investment Forum 2008 6 Yes I would like to receive information about products and services via email Organisation 6 Please send me conference materials indicated above. Nature of business 6 I have filled out credit card details below Address For further information Postcode Country Please call: 0207 368 9300 Telephone Fax or email: knowledgebank@iqpc.co.uk. Approving Manager Name of person completing form if different from delegate: Signature IQPC Terms and Conditions: I agree to IQPC’s cancellation, substitution and payment terms Please read the information listed below as each booking is subject to IQPC Ltd standard terms and conditions. Return of this Special dietary requirements: 6 Vegetarian 6 Non-dairy 6 Other (please specify) email will indicate that you accept these terms. Please indicate if you have already registered by Phone 6 Fax 6 Email 6 Web 6 PAYMENT TERMS Upon completion and return of the registration form full payment is required no later than 5 business days from the date of invoice. Payment of invoices by means other than by credit card, or purchase order (UK Plc and UK government Please note: if you have not received an acknowledgement before the conference, please call us to confirm your booking. bodies only) will be subject to a €65 (plus VAT) per delegate processing fee. Payment must be received prior to the conference date. We reserve the right to refuse admission to the conference if payment has not been received. Payment Method IQPC CANCELLATION, POSTPONEMENT AND SUBSTITUTION POLICY You may substitute delegates at any time by providing reasonable advance notice to IQPC. Total price for your Organisation: (Add total of all individuals attending): For any cancellations received in writing not less than eight (8) days prior to the conference, you will receive a 90% credit to be used at another IQPC conference which must occur within one year from the date of issuance of such credit. An administration Card Number: VISA 6 M/C 6 AMEX 6 fee of 10% of the contract fee will be retained by IQPC for all permitted cancellations. No credit will be issued for any cancellations occurring within seven (7) days (inclusive) of the conference. 6666666666666666 In the event that IQPC cancels an event for any reason, you will receive a credit for 100% of the contract fee paid. You may use this credit for another IQPC event to be mutually agreed with IQPC, which must occur within one year from the date of Conference code 11667.003 cancellation. Exp. Date: 6 6 6 6 Sec: 6 6 6 6 In the event that IQPC postpones an event for any reason and the delegate is unable or unwilling to attend in on the rescheduled date, you will receive a credit for 100% of the contract fee paid. You may use this credit for another IQPC event to be mutually agreed with IQPC, which must occur within one year from the date of postponement. Name On Card: Signature: Except as specified above, no credits will be issued for cancellations. There are no refunds given under any circumstances. IQPC is not responsible for any loss or damage as a result of a substitution, alteration or cancellation/postponement of an event. IQPC shall assume no liability whatsoever in the event this conference is cancelled, rescheduled or postponed due to a fortuitous Billing Address (if different from below): event, Act of God, unforeseen occurrence or any other event that renders performance of this conference impracticable, illegal or impossible. For purposes of this clause, a fortuitous event shall include, but not be limited to: war, fire, labour strike, extreme weather or other emergency. City/County/Postcode Cheque enclosed for: € (Made payable to IQPC Ltd.) Please note that while speakers and topics were confirmed at the time of publishing, circumstances beyond the control of the organizers may necessitate substitutions, alterations or cancellations of the speakers and/or topics. As such, IQPC reserves By direct transfer: (Please quote ref: 11667.003 with remittance advice) the right to alter or modify the advertised speakers and/or topics if necessary without any liability to you whatsoever. Any substitutions or alterations will be updated on our web page as soon as possible. Account No: 59090618 IBAN Code: GB98 MIDL 4005 1559 0906 18 Sort Code: 40 05 15 Swift Code: MIDLGB22 Account name: International Quality & Productivity Centre Ltd. Bank: HSBC Bank Plc 67 George Street, Richmond DISCOUNTS All ‘Early Bird’ Discounts require payment at time of registration and before the cut-off date in order to receive any discount. Any discounts offered whether by IQPC (including team discounts) must also require payment at the time of registration. All discount offers cannot be combined with any other offer PAYMENT MUST BE RECEIVED PRIOR TO THE CONFERENCE