|Job title||Senior Portfolio Manager, Senior Partner at Fisch Asset Management|
|Company||Fisch Fund Services|
|Title||Global High Yield - Two Areas of Special Focus: Rising Stars/Fallen Angels and Emerging Markets|
|Content||Kyle will speak about two corners of the global high yield market that offer interesting alpha possibilities due to the inefficiency of credit markets. Investments in issuers on the cusp between IG and HY offer very interesting opportunities on the way down the rating scale but also the way up. Depending on the year, an investor may focus more on one or the other, but opportunities there almost always exist. In a further area that Kyle will explore, Emerging market corporates also can enhance returns as the market remains young and inefficient. However, an investor has certain other risks that must be evaluated before investing in this segment.|
|Biog||Kyle is a member of the credit team, contributing his expertise to the global high yield and corporate bond strategies. His research coverage includes U.S. and European issuers. Prior to joining Fisch, Kyle worked for 15 years at Deutsche Asset Management, previously DWS Investments, in Frankfurt. He served as co-head of global and European high yield strategies from 2007 until 2015 and was the lead portfolio manager for the global high yield construction team. Before he worked as a high yield portfolio manager for four years and two years as a high yield analyst. Kyle began his career in 2000 as an analyst at ING Barings BHF-BANK. He studied at the University of Pennsylvania, graduating with a B.A. in International Studies and earned a B.S. in Economics from the Wharton School|
|Job title||Head of Alternative Risk Premia GAM Systematic|
|Title||The Diversification Benefits of an Alternative Risk Premia Strategy|
|Content||In an environment of record low to negative bond yields, high uncertainty in stocks, low but volatile credit spreads, investors are keener than ever for yielding assets. At the same time, they are often disenchanted with the promise of alpha from many traditional alternative investments, having been charged high fees for comparably little performance in recent years. Investors are growing more aware of the benefits of investing in alternative risk premia, an approach which has strong academic backing, reasonable fees and an attractive multi-year track record. Alternative risk premia are strategies that provide excess returns by taking systematic risks across global capital markets by using alternative investment techniques. Alternative risk premia offer systematic risk-based returns beyond the traditional long-only equity and bond duration risk premia. In addition, they exhibit low to zero correlation versus stocks and bonds. GAM’s Risk Premia Investment Team pioneered the very idea of alternative risk premia investing in 2004 and has 13 years of experience researching, implementing, trading and managing them.|
|Biog||Dr Lars Jaeger is Head of Alternative Risk Premia in the GAM Systematic Alternative Risk Premia team, primarily responsible for risk premia research and portfolio construction. Before joining GAM in November 2014, Lars Jaeger was the founding partner and Chief Executive Officer of Alternative Beta Partners AG. Prior to that, he was a partner of Partners Group where he was responsible for the hedge fund business and initiated the alternative beta business. Before Partners Group, Lars Jaeger co-founded and was a partner of saisGroup, a hedge fund asset management firm established by the former alternative investment strategies team at Credit Suisse Asset Management, where he was responsible for risk management. Lars Jaeger holds a doctorate degree in theoretical physics from the Max-Planck Institute for Physics of Complex Systems, Dresden, and a master's degree in physics from the University of Bonn. He is a CFA charterholder, a Financial Risk Manager (FRM) and the author of several leading books on hedge funds. He is based in Zurich.|
|Job title||Fund Manager|
|Company||J O Hambro Capital Management|
|Title||Value has different faces – Superior returns from European large-caps|
|Content||Experienced pan-European stock pickers Luis Fananas and Robrecht Wouters build a concentrated portfolio of 'quality value' stocks – 'great companies at average prices' – complemented by opportunistic investments in 'classic value' stocks – 'average companies at great prices'. With no sector or country constraints, typically just 25 large-cap positions and a low portfolio turnover, their fund doesn't look like most in their sector. The duo look for absolute, not relative, ‘value’. They avoid consensus thinking, reject deliberate diversification and don't time their investments. And they don't rely on others to do the necessary fundamental analysis – they do their own research using one valuation framework across sectors and countries, believing that what they can't confidently analyse, they can't value. The team’s soft-closed, all-cap version of this fund, JOHCM European Select Values, with its top-decile, 14-year track record, reflects the team’s superior stock-picking skills. Luis looks forward to showing you the many faces of value.|
|Biog||21 years industry experience, joined JOHCM in March 2015. Luis is Fund Manager for the JOHCM Concentrated Value Strategy and JOHCM European Select Values Strategy. He joined JOHCM from T Rowe Price International where he was a Senior Buy-Side Analyst and member of the Investment Committee for the Global Small-Mid Cap team, with a main focus on Europe. From April 2004 to July 2012, Luis was a Sell-Side Equity Analyst at Deutsche Bank in Madrid and later London; becoming a Research Director for the European Small Caps Strategist in 2010. Before that, Luis worked in Madrid with Julius Baer (now Kepler Equities) as an Equity Analyst. Other notable employers are Morgan Stanley and Arthur Andersen (now Deloitte). Luis holds a B.A. in Economics and Business Administration, specialising in Finance and Actuary from Complutense University, Madrid. He is a native Spanish speaker, fluent English and basic French.|
|Job title||Managing Director, Senior Portfolio Adviser|
|Company||Vontobel Asset Management|
|Title||Why Quality Growth?|
|Content||Our philosophy at Vontobel Asset Management, Inc is to invest in businesses that can be characterized as possessing high quality growth at a sensible price. We believe these two elements are linked, as valuation directly relates to the magnitude, stability and certainty of future earnings growth.|
We look for returns to be driven by earnings growth which can be sustainable for many years and not from the rerating of valuation multiples, which we feel are less predictable and an unsustainable driver over the long term. The core driver behind the earnings per share (EPS) growth we look for is a high and stable Return on Equity (ROE) and, in particular, a high return on the incremental equity of reinvested profits. Looking at the outcomes of our investment style relative to benchmarks, we believe there are structural advantages to investing in quality growth that should support above market returns when held through the full economic cycle.
|Biog||Peter Newell joined Vontobel Asset Management, Inc. in 1990. As senior portfolio adviser, Mr. Newell serves as an expert on Vontobel’s global equity strategies, representing the portfolio managers to institutional and intermediary prospects, clients, and consultants. He is responsible for communicating in-depth knowledge of the firm’s philosophy, portfolio performance and positioning, and risk management.|
From 1984 to 1990, Mr. Newell held positions at Sanford C. Bernstein and Citigroup. He is a frequent contributor to CNBC, Fox Business News, Bloomberg Radio, and Barron’s.
Mr. Newell earned a B.A. in history from the University of San Francisco.