Knowing Where Investment Value Can Be Added                                            What strategies can you suggest for...
About the APAC Investments Summit 2013  The   Investment        Network        –  marcus evans Summits group              ...
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Knowing Where Investment Value Can Be Added: Interview with: Paul Kessell, Chief Investment Officer, Professional Associations Super - APAC Investments Summit


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An interview with Paul Kessell, the Chief Investment Officer at Professional Associations Super and a speaker at the marcus evans APAC Investments Summit 2013 shares his thoughts on how pension fund investment teams should operate to achieve investment objectives.

Join the 2015 Summit along with top industry investment executives and service and solution providers in an intimate environment for a focused discussion of key new drivers shaping corporate priorities and investment strategies.

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Knowing Where Investment Value Can Be Added: Interview with: Paul Kessell, Chief Investment Officer, Professional Associations Super - APAC Investments Summit

  1. 1. Knowing Where Investment Value Can Be Added What strategies can you suggest for outsourced we have focussed on risk to be better managed? building a manager roster with the sole objective of implementing specific At Professional Associations Super we components of the investment strategy. regard risk as a key factor that is actively measured and managed. So, we Institutional investors should have a seek to have a diversified portfolio that clear investment mission and can be developed with a high likelihood transparent investment process. This of achieving the investment objectives provides a consistent, robust roadmap on a risk-adjusted basis, and therefore for the investment team in managing avoiding the risk of not accomplishing the investment strategy. the stated goals. The investment markets that are goingInterview with: Paul Kessell, Chief The portfolio can then be effectively to be the major growth leaders globallyInvestment Officer, Professional diversified across a range of asset over the next decade should be the keyAssociations Super classes globally to best respond to this point of focus for investors. It is then a current low-return environment. We matter of working out how this growth maintain an appropriate level of can be accessed. For example, if thereAn in-house investment team should portfolio risk within the risk budget set is a China focus this may be bestbe strategically managed with the aside for this purpose. achieved through investment in theprimary focus on achieving investment mining industry in Australia, orobjectives set by the fund, says Paul How can investors manage costs? conversely through the manufacturingKessell, Chief Investment Officer, sector in China. These will create long-Professional Associations Super. “It is In the context of the Australian term investment horizons.important to identify, and allocate superannuation environment, fundresources to those areas the fund members are highly attuned to the costcontrols and where value can be of implementing the investmentadded,” he adds. strategy and consider it a key criterion when assessing a superannuation fund.A speaker at the marcus evans APAC A low-cost portfolio can be created byInvestments Summit 2013, taking having a reasonable allocation toplace in Macao, China, 10 - 12 April,Kessell discusses how portfolio risk passive or index investments. A relatively low allocation to traditionally Investors should alsomanagement contributes to a better high-cost unlisted investments, such asunderstanding of the fund’s diversified hedge funds, private equity andportfolio and helps it keep track of the infrastructure, can also contribute toinvestment objectives.How can a high performing in-house maintaining a very low base investment cost. have a clearinvestment team be developed, toachieve investment objectives? It should also be pointed out that cost is just one aspect of the manager investment selection decision and that fundThe team should be managed with aclear emphasis on delivering key managers can also actively manage their fee structures to better align with mission and transparentstrategic outcomes. In this way, there is the expectations of super funds.a greater chance of achieving theinvestment objectives. Is there anything else you wouldIt goes beyond having an understandingof the investment environment. like to add? We view the investment strategy from a processesInvestors need to really zone into key top-down perspective. That is, thecontrollable areas, such as decision- strategic asset allocation is the primarymaking, resource allocation and cost driver of investment It is important to know Additionally, the investment teamthose areas the investment team assesses the global macroeconomiccontrols and how value can be added. outlook for potential opportunities toBy doing this, more resource time and add value by dynamically allocatingeffort can then be directed to the between asset classes. With directinvestment elements of the strategy. management of the assets entirely
  2. 2. About the APAC Investments Summit 2013 The Investment Network – marcus evans Summits group This unique forum will take place at The Venetian Macao-Resort-Hotel, Macao, delivers peer-to-peer information China, 10 - 12 April 2013. Offering much more than any conference, exhibition or on strategic matters, professional trade show, this exclusive meeting will bring together esteemed industry thought trends and breakthrough leaders and solution providers to a highly focused and interactive networking event. innovations. The Summit will provide various insights on utilising unconventional asset allocation strategies to maintain returns and will highlight the latest strategies for optimising investment efficiency to effectively navigate the macroeconomic climate. Please note that the Summit is a closed business event and the Contact number of participants strictly Maria Gregoriou, Journalist, marcus evans, Summits Division limited. Tel: + 357 22 849 400 Email: For more information please send an email to All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.comAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsElite Summit (Europe) - www.elitesummit.comEmerging Markets Investments Summit (Europe) - www.emisummit.comEuropean Pensions & Investments Summit - www.epi-summit.comInstitutional Investors APAC Summit - www.iiapacsummit.comPrivate Wealth Management Summit (North America) - www.privatewealthsummit.comTo view the web version of this interview, please click here: