Programme

Programme

08:20

Registration and refreshments

8:50am

Welcome remarks

Kris Devasabai, New York Bureau Chief, RISK.NET

8:55am

Chair’s opening remarks

Alec Crawford, Partner and Chief Risk Officer, LORD ABBETT

9:00am

Keynote address: The evolution of risk and investment management

Evolution (past and future) of risk taking and mitigation for individual financial security and the implications for asset managers

Nick Silitch, Chief Risk Officer, PRUDENTIAL

9:30am

C-Level Panel: Breaking boundaries – What does the growing convergence of investment strategy and risk management mean for buy-side firms’ business models?

  • Is there a growing alignment between those working in risk and investment across the buy-side industry?
  • What impact is the increasingly prominent role of risk management having on business?
  • What role can risk managers play in supporting investment strategy?
  • How successful have strategic risk review units and risk mitigating strategies been in ensuring strong investments?

Moderator: Jorge Mina, Managing Director, Head of Analytics, MSCI

Joanna Welsh, Chief Risk Officer, CITADEL

Mark Abbott, Managing Director, Head of Analytics and Reporting, GUARDIAN LIFE

Marcos Bueno, Chief Investment Officer, ARGON CAPITAL

Kenneth Winston, Senior Risk Officer, WESTERN ASSET MANAGEMENT

10:15am

Oxford debate: Thriving in the 21st Century – can buy-side firms ensure their fees reflect their performance?

  • Defining what ‘being transparent’ really means for buy-side firms
  • What are pension funds going to do in the wake of investor and regulator demand to see hidden fees?
  • What steps can buy-side firms take to ease clients’ fears?
  • How can HFs continue to justify their ‘high’ fees given the growth of ETFs and other low-fee alternatives?
  • Are there any risks inherent to greater transparency?
  • How can data that clients, and potentially regulators, want to see, be presented to them in a meaningful way?

Moderator: Paul Diouri, Head of Risk, Americas, SCHRODERS

Lilian Quah, Managing Director, Portfolio Manager, Director of Quantitative Research EPOCH INVESTMENT PARTNERS

Andrew Beer, Managing Partner and Co-Portfolio Manager, Dynamic Beta, BEACHHEAD CAPITAL MANAGEMENT

Mustafa Chowdhury, Head of Rates, VOYA INVESTMENT MANAGEMENT

11:00am

Morning coffee and networking break

Stream 1: Investment strategy

11:25am

CHAIR’S OPENING REMARKS

Faye Kilburn, Senior Staff Writer, Asset Management and Insurance, RISK.NET

11:30am

Panel: The big debate: Passive vs. active investment – Is there a future for active managers?

  • How are HFs / AMs dealing with the growth of passive investment?­­
  • With the growth of passive, is there an opportunity for active investors to spot under-priced or over-priced assets?
  • Is it possible to have a portfolio that blends both passive and active investments?
  • Identifying alpha in passive investment portfolios

Moderator: Mike Huff, Director, Portfolio Management & Asset Allocation, TIAA

Archan Basu, Senior Vice President, Head of Portfolio Construction Guidance, FIDELITY INVESTMENTS

Leon Xin, Executive Director, Head of Risk and Portfolio Construction and Hedge Fund Strategy, JP MORGAN ASSET MANAGEMENT

Alessio de Longis, Global Multi-Asset Group Portfolio Manager, OPPENHEIMERFUNDS

5 minute intermission to change streams

12:20pm

Presentation: Financial technology infrastructure of tomorrow and the use cases it enables

Examining several use cases poised to change the way investment advice is created and delivered with particular focus on:

  • API-delivered analytics
  • Portfolio optimization for the mass affluence market
  • Real-time stress testing of news
  • Modern distributions channels

Rob Seidman, Offering Manager, Watson Financial Services, IBM

12:50pm

Lunch and networking break

1:50pm

Live interview: Beating the market – Optimising investments with new sources of data

  • How can alternative data (eg. web scraping) be used to identify anomalous market trends
  • Looking at evolving nature of commonly vs uncommonly used data and how both can be used to invest in assets
  • Can a combination of AI and improving real time data be used to ‘beat’ the market?
  • What are the legal and regulatory risks in using alternative data sets?

Moderator: Faye Kilburn, Senior Staff Writer, Asset Management and Insurance, RISK.NET

Kristen Walters, Managing Director, Risk and Quantitative Analysis, BLACKROCK

Andrew Chin, Chief Risk Officer and Head of Quantitative Research, ALLIANCEBERNSTEIN

Nathaniel Polachek, Partner and Portfolio Manager, COMMODITY ASSET MANAGEMENT

5 minute intermission to change streams

2:40pm

Presentation: The bridge between behavioral and rational finance: decoding fat-tails

  • Turbulence, Sentiment, Crowding, Liquidity - the "new" market dominant risk drivers and how they impact Fat-tails
  • The bridge between  Behavioural and Rational Finance. Can we manage "behaviourist" money in a quantitative way? 
  • Improving investment performance by capturing fat-tails and sentiment within the portfolio construction process

Boryana Racheva-Iotova, SVP, Senior Director of  Research, FACTSET

Stream 2: Risk Management

11:25am

CHAIR’S OPENING REMARKS

Alec Crawford, Partner and Chief Risk Officer, LORD ABBETT

11:30am

Panel: From benign to volatile – Managing liquidity risk for the buy-side as a new market takes shape

  • What are some of the different prevailing approaches to measuring asset liquidity?
  • What are the strengths, weaknesses and the risks of these?
  • What are the key sources of liquidity risk in a portfolio?
  • How can risk managers work alongside investment teams to ensure effective measurement and management of liquidity risk?

Moderator: Alec Crawford, Partner and Chief Risk Officer, LORD ABBETT

Michelle Beck, EVP, Chief Risk Officer, NUVEEN

Stefano Pasquali, Managing Director, Head of Liquidity Research, BLACKROCK

Sahil Kapoor, Vice President, Risk Solutions, STATE STREET CORPORATION

Pietro Toscano, Senior Risk Manager, OPPENHEIMERFUNDS

5 minute intermission to change streams

12:20pm

PRESENTATION: Through the looking glass - making better trading decisions for securities with embedded derivatives

  • Looking through securities with advanced derivative models and portfolio analytics
  • The importance of accurate modeling for securities with embedded derivative features
  • What opportunities are missed when derivative risk is hidden in securities?

Christian Kahl, PhD, Director of Quantitative Analytics, FINCAD

12:50pm

Lunch and networking break

1:50pm

Live interview: Modelling, machine learning and big data – What can improvements in learning algorithms and new data sources do for risk managers in buy-side firms?

  • Can large-scale models of derivatives and securities predict market behaviour?
  • How can new data sources be incorporated into models?
  • Are ‘overreaction’ and ‘under-reaction’ in markets predictable?
  • How can the benefits of models be made comprehensible to senior management without risking oversimplification?
  • Should models be ‘broad’ (eg. focusing on larger market trends) or ‘narrow’ (eg. focusing on specific asset classes)

Moderator: Ying Murdoch, Head of Investment Risk Analytics, NORTHERN TRUST ASSET MANAGEMENT

Peruvemba Satish Senior Vice President, Portfolio Manager and Director of Global Analytics, AMERICAN CENTURY INVESTMENTS

Isaac Lieberman, Founder & Chief Executive Officer, ASTON CAPITAL MANAGEMENT

5 minute intermission to change streams

2:40pm

Presentation: Passive explosion – What risks should buy-side firms be looking for when investing in passive funds?

  • Does the long-term growth of passive funds pose a threat to the operation of a free market?
  • What effect do passive funds have on the cost of equity and the price of credit?
  • Can passive funds hurt competitiveness between the firms they are invested in?
  • What impact are the small number of firms, who control ¾ of passively invested stocks, having on the industry and wider economy?

3:20pm

Coffee and networking break

3:50pm

Presentation: Liquidity - From regulatory compliance to risk management

  • Moving beyond SEC’s liquidity time bucketing: asset managers need to fill “liquidity risk management programs”
  • Comprehensive time/cost/size dimensional liquidity risk measures come into the picture
  • Emerging MSCI best practices for curbing investor dilution
  • Systematic analysis of the problem and possible solutions

Carlo Acerbi, Managing Director, Risk Analytics, MSCI

4:20pm

All-star panel: Risks and vulnerabilities for the buy-side industry in 2019

A review of the key risks and vulnerabilities facing the buy-side community in 2019 including:

  • Rapidly shifting competitive and regulatory landscape
  • Pricing and liquidity challenges
  • The drive for change driven by emerging technologies

Moderator: Faye Kilburn, Senior Staff Writer, Asset Management and Insurance, RISK.NET

Alec Crawford, Partner and Chief Risk Officer, LORD ABBETT

Peruvemba Satish, Senior Vice President, Portfolio Manager and Director of Global Analytics, AMERICAN CENTURY INVESTMENTS

Nancy Davis, Managing Partner and Chief Investment Officer, QUADRATIC CAPITAL MANAGEMENT

5:05pm

Closing Remarks

Alec Crawford, Partner and Chief Risk Officer, LORD ABBETT

5:05pm

Networking drinks