Agenda

Agenda

Agenda

08:00

REGISTRATION AND BREAKFAST

08:30

SG WELCOME ADDRESS

Jean-François Grégoire, Head of Global Markets, Societe Generale

08:35

CHAIR'S OPENING REMARKS

Duncan Wood, Global Editorial Director, RISK.NET

08:45

KEYNOTE ADDRESS: Brexit, the shifts in the European Union and what it means for financial markets

Robert Peston, Political Journalist and Editor

09:15

PANEL DISCUSSION:

GENERATING ALPHA IN A HIGH “VOL of VOL” WORLD: What are the roles of systematic and carry strategies?

Panelists:

Sandy Rattray, Chief Investment Officer, Man Group
Will Bartlett, Chief Executive Officer, Parallax Volatility Advisers
Arnaud Sarfati, Co-Founder, LFIS

Moderator:

Laila Mukhey, European Head of Cross-Asset Macro Hedge Fund Coverage, Societe Generale

 

10:05

NETWORKING BREAK

10:30

PANEL DISCUSSION:

JAPANIFICATION OF EUROPE: Enhancing returns in a low yield environment

Panelists:

Aymeric Forest, Global Head Multi Asset Investing, Aberdeen Standard Investments
Gwilym Satchell, Multi Asset Portfolio Manager, Invesco
Peter Fitzgerald, Chief Investment Officer Multi-Assets & Macro, Aviva Investors
Alan Higgins, Chief Investment Officer, Coutts
Peter Tasker, Strategist and Co-Founder, Arcus Research LIVE by hologram

Moderator:

Cassandra Cox, Head of FX and Emerging Market Sales, Western Europe, Societe Generale

11:15

INTERACTIVE DEEP-DIVE SOLUTION WORKSHOPS

Presented by Societe Generale’s experts in derivatives

11:15               Session 1 *

CROSS ASSET RELATIVE VALUE OPPORTUNITIES

HERVE GUYON, Head of Flow Strategy and Solutions Equity Derivatives, Europe

CLEMENT GUENNEC, Flow Strategy and Solutions Europe

DELPHINE LEBLOND LIMPALAER, Head of Equity Derivatives Hedge Fund Sales, UK

Cross Asset Relative Value Opportunities:

  • The current landscape of cross asset volatility: Term structure, skew and implied vol risk premium across US, Europe and Asia

  • How the economic business cycle drives volatility in equity/fx/credit and rates

  • How structured products, corporate hedging flows and regulation can trigger dislocations in equity, fx, credit and rates vol

  • The importance of cross asset correlation in finding relative value opportunities

ETF SOLUTIONS AND STRATEGIES

CHANCAL SAMADDER, Head of Lyxor ETF, Global Product Strategy

ASHKAN DAGHESTANI, Lyxor ETF Sales

ETF solutions and strategies

  • ETF Implementation strategies within multi asset portfolios

  • Accessing equity exposures through ETFs compared to other delta 1 instruments

  • Lyxor ETFs innovative solutions such as inflation breakeven, yield curve strategies

INTRADAY TREND FOLLOWING

GEOFF SIMMONS, Head of Equity Derivatives QIS Structuring, Europe

PHILIPPE DUMONT, Head of QIS Trading

Intraday trend following:

  • Benefit from intraday patterns; an entire world of new signals to enhance your portfolios

  • Leverage Societe Generale’s trading infrastructure

  • An efficient and innovative defensive strategy

  • Estimate the gamma of the market

** STRUCTURED INFLATION HEDGING

VICTOR JEANTET, Global Head of Inflation

NAEEM GHULAMALI, Fixed Income and Flow Rates Sales

JORGE GARAYO, Global Head of Inflation Strategy

Structured Inflation Hedging:

  • Who trades inflation and why?

  • ZC inflation swaps –the purest way to trade inflation

  • Why inflation-linked bond markets are key

  • Alternative ways to trade inflation / extract alpha

** VALUE INVESTING IN FICC

MARC PANTIC, Head of Fixed Income QIS Structuring

DAVID SCHENCK, QIS Structuring

OLIVIER DAVIAUD, Quantitative Strategist

Value Investing in FICC: What goes down must come up:

  • How investors can reap the benefits of value investing in FICC?

  • What would value investing mean in other markets and is the price of a Big Mac the ultimate equilibrium value for FX?

  • Are rates levels determined by inflation and growth expectations?

  • Does knowledge of the commodities market help investors anticipate price?

** IMPLEMENTING TAILORED ESG INVESTMENT STRATEGIES

GEORGIOS OIKONOMOU, Quantitative Strategist

FREDRIK SLYTA, Head of Global Markets Sales, Nordics

XAVIER DUBOURG, Head of Equity Trading QIS

Implementing tailored ESG investment strategies:

  • Is ESG an equity factor?

  • ESG portfolio exposures to standard equity factors

  • Managing factor exposures can help ESG performance

  • How investing in best-in-class ESG companies yields favourable returns vs the benchmark

11:45              Session 2 *

THE RISE OF 'RISK TRANSFER' FUNDS

LIONEL THOULY, Equity Trading, Europe

MANVIR NIJHAR, Head of Equity Derivatives & FIC Institutional Sales, UK

HADRIEN BOITEAU, Hedge Fund Pricing Europe, Structuring for Products & Solutions

The rise of risk transfer funds:

  • Why risk transfer funds and strategies are prospering, while diversified risk premia portfolios continue to endure tougher times

  • How “risk-off”, yet generating positive carry, is working for clients

  • Popular and combination strategies being used by investors to create diversified portfolios

  • Generating yield and diversification benefits

OUTSOURCED EXECUTION

MIKE BAYLEY, Head of UK Institutional Sales Equity Derivatives

EDOUARD MIDY, Head of Prime Equity & Delta One Trading

FOUED JAZIRI, Structuring for Product and Solutions

Outsourced execution:

  • Asset managers’ cost pressures at a time of rising regulatory costs and bespoke needs

  • An ecosystem for strategy back-testing, incubation and outsourced execution as a cost effective flexible solution

  • Enabling asset managers to facilitate smaller bespoke client mandates and ease multi jurisdiction launches

  • Significantly reduce operational burdens and employ outsourced execution as a powerful business development tool

EM SOLUTIONS: INVESTING IN AFRICA

NIKHILESH AGRAWAL, Emerging Markets Structurer

PHILIP NAKAJIMA, Emerging Market Sales

NIKOLAOS PREPALAS, Head of Global Markets Institutional Sales Africa

EM Solutions: Investing in Africa:

  • Overview on Africa - market trends, investment opportunities, client feedback

  • Investing in Africa

  • Challenges and risks

  • Opportunities and help in accessing Africa

** COMMODITY CARRY

MICHAEL HAIGH, Global Head of Commodities Research

ALEXIS KATALAN-CARON, Cross Asset Sales

Commodity carry:

  • What is carry in commodities

  • Contango/backwardation regimes and market cycles, what is normal contango or backwardation?

  • Performances on various market cycle, decorrelation vs other asset classes, added value in a cross-asset portfolio

  • How to implement carry strategies?

** TAIL RISK HEDGING

GEOFF SIMMONS, Head of Equity Derivatives QIS Structuring

SANDRINE UNGARI, Deputy Head of Quantitative Research

Tail Risk Hedging:

  • Risks are mounting, hedges are not a luxury…

  • Goldilocks and the three bear markets

  • The fine art of call overwriting and other option strategies

  • The convexity conundrum

CHASING YIELD IN THE MONEY MARKETS

MANISH MEHTA, Structured Finance

LLOYD MICHAELS, Head Cross Asset Financing Sales, EMEA

Chasing yield in the money markets:

  • New regulatory costs of doing business makes us design clever solutions

  • Societe Generale’s adapted product offering

  • The future of financing

  • CET1 / RWA in focus

12:15             Session 3 *

USD RATES: WHERE LONG VOL MEANS POSITIVE CARRY

STUART LEGG, Head of UK Rates Sales

RAPHAEL DABADIE, Rates Structuring

USD Rates: Where long vol means positive carry:

  • USD rates vol at the epicenter of the intensifying US monetary and fiscal policy debate

  • The unusually flat or backwardated term structure for a low volatility market

  • Societe Generale solutions to benefit from USD rates volatility term structure opportunities: payoffs and systematic strategies 

BESPOKE AND STRUCTURED CREDIT TRADE OPPORTUNITIES

KATHLEEN IZYGON, Head of Credit Pricing

FAYCAL RHAZAL, Head of Structured Credit

SHAWN WEXLER, Head of Credit Sales, UK

Bespoke and structured credit trade opportunities:

  • Distribution of CLNs to retail and private banks. How Societe Generale’s leading position can help clients

  • Trading super senior and/or mezzanine tranches to reduce regulatory capital costs associated with distribution business flows

  • The digital put on recovery. An innovative product to hedge the recovery exposure

  • Tranches on bespoke portfolios and the expanded credit offer

RATES TRADE IDEAS AS EUROPE TURNS JAPANESE

CHARLIE PATEL, Head of Flow Strategy and Solutions FIC, Europe

DAVID MACAUDIERE, Head of Rates Options Trading, Europe

AMAL EL YACOUBI, Structuring for Product and Solutions

Rates trade ideas as Europe turns Japanese :

  • How to navigate low yields for longer

  • Diversifying Risk : How the yield curve slope can be utilized as a diversifying asset class

  • Navigating Volatility : Using OTC Bond Options as an alternative to swaptions to express macro views

  • Structured Notes for Yield Enhancement : Tarns and Variations on Tarns

** CROSS ASSET VOL OUTLOOK

VINCENT CASSOT, Head of Equity Derivatives Strategy

ADAM KURPIEL, Head of Rates Strategy

OLIVER KORBER, FX Option Strategist

Cross Asset Vol Outlook:

  • The volatility drivers across equities, commodities, FX and rates and how it moves across the economic cycle

  • Sequencing in the transition to a higher volatility regime and relative value vol opportunities

  • How the expected central bank dovishness will impact the classic vol sequencing and the cross-asset correlations

** THE WEAK VS STRONG BALANCE SHEET: USING EQUITIES TO SHORT CREDIT

ANDY LAPTHORNE, Global Head of Quantitative Research

ALASTAIR BEATTIE, Cross Asset Sales

The weak vs strong balance sheet: using equities to short credit:

  • US corporate as a key risk going forward with leverage ratios at historical highs

  • Shorting credit is notoriously expensive. An innovative alternative using the equity of US Smallcaps

DISPERSION STRATEGIES - RISK OFF, WITH POSITIVE CARRY

HERVE GUYON, Head of Flow Strategy & Solutions Equity Derivatives, Europe

MANVIR NIJHAR, Head of Equity Derivatives & FIC Institutional Sales, UK

Dispersion strategies – risk off, with positive carry:

  • How can dispersion strategies diversify investors’ portfolios and enhance returns?

  • What are the drivers of dispersion strategies?

  • What are the different ways to structure dispersion strategies?

12:45

LUNCH, NETWORKING AND WORKSHOP HUDDLES

Join one of our industry led topical lunch tables to discuss and benchmark how leading firms are overcoming the most pressing challenges facing the derivatives market.

Workshop huddles:

  1. Tail Risk Hedging

  2. Cross Asset Relative Value Opportunities

  3. Rates Trade Ideas as Europe Turns Japanese

  4. Dispersion Strategies - Risk Off, With Positive Carry

  5. Cross Asset Vol Outlook

** Selected workshops maybe intended exclusively for subscribers to SG research and clients outside of the scope of the provisions on payment for investment research in Commission Delegated Directive (EU) 2017/593 of 7th April 2016 (the “MIFID II Delegated Directive”). By attending such sessions you confirm that you meet these criteria or agree to pay £100 to SG upon receipt of invoice, which will cover the cost of attending all workshops where SG Research are presenting at this derivatives themed conference.