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MUNICH • 16-17 MAY 2017

BENEFIT FROM THE KNOWLEDGE OF LEADING FUND MANAGERS

Speakers

OlivierGourragne_b2991e5d17
NameOliver Gourragne
Job titleDirector of Development
CompanyMandarine Gestion
TitleMandarine Opportunités – the perfect way to benefit from the French post- election reform agenda
ContentTwo of the presidential hopefuls in France, Emmanuel Macron and François Fillon are running on pro-business reform agendas, promising to tackle France’s economic woes. The French economy, yet the world’s fifth largest, never reached again pre-crisis levels, so did the French equity market. Is it time to return to the French equity market? The € 225mln strong Mandarine Opportunités fund (FR0010659797), 5 stars rated by Morningstar, having almost 9 years of track record should be the appropriate vehicle to do so. Mandarine Opportunités selects French companies of all sizes capable of generating quality growth over the long-term throughout the stock market cycles. The fund enables investors to profit from the dynamism of these French champions, international leaders capable of capturing world growth.
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Brian Kessens -Tortoise Capital Advisors
NameBrian Kessens, CFA
Job titleManaging Director and Portfolio Manager
CompanyTortoise Capital Advisors
TitleAccessing Opportunities in North American Pipeline ‘toll roads’ and Across the North American Energy Value Chain
ContentSeldom has there been such a dramatic shift in the energy landscape of any country, in such a short time period, as the one unveiling itself in North America. Uncover this dramatic disruption in the global energy balance and learn more about North American energy, including the investment opportunities in midstream energy infrastructure and across the energy value chain. In this presentation, Tortoise Capital Advisors educates on the energy value chain and the investment opportunities within it.
BiogMr. Brian Kessens joined Tortoise Capital in 2008. He is a managing director and portfolio manager and serves as president of the Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. closed-end funds. He was a vice president in Citigroup’s global energy investment banking practice. Prior to Citigroup, he served as a field artillery officer in the U.S. Army. Mr. Kessens earned a Master of Business Administration from Columbia Business School in New York and a Bachelor of Science in economics from the United States Military Academy at West Point. He is a CFA® charterholder.
Rob Thummel - Tortoise Capital Advisors
NameRobert Thummel
Job titleManaging Director and Portfolio Manager
CompanyTortoise Capital Advisors
TitleAccessing Opportunities in North American Pipeline ‘toll roads’ and Across the North American Energy Value Chain
ContentSeldom has there been such a dramatic shift in the energy landscape of any country, in such a short time period, as the one unveiling itself in North America. Uncover this dramatic disruption in the global energy balance and learn more about North American energy, including the investment opportunities in midstream energy infrastructure and across the energy value chain. In this presentation, Tortoise Capital Advisors educates on the energy value chain and the investment opportunities within it.
BiogMr. Robert Thummel joined Tortoise Capital in 2004. He is a managing director and portfolio manager and serves as president of the Tortoise Energy Independence Fund, Inc. closed-end fund. He was previously the president of Tortoise North American Energy Corp. from 2008 until the fund was merged into Tortoise Energy Infrastructure Corp. in June 2014. He was director of finance at KLT Inc., a subsidiary of Great Plains Energy from 1998 to 2004 and a senior auditor at Ernst & Young from 1995 to 1998. Mr. Thummel earned a Bachelor of Science in accounting from Kansas State University and a Master of Business Administration degree from the University of Kansas.
John Malloy - RWC Partners
NameJohn Molloy
Job titleCo-Head of Emerging and Frontier Markets
CompanyRWC Partners
TitleRecognising the Value in the Bottom Billions - RWC Global Emerging Markets
ContentEmerging and frontier markets represent the fastest growing countries in the world. We believe the continued growth in these markets presents opportunities across a range of industries. Our index agnostic, opportunistic approach has been honed for over two decades, and the depth of experience garnered within our team allows us to participate in different opportunities that are usually off the beaten track. John Malloy, PM of the RWC Global Emerging Market Fund, a high conviction thematic GARP strategy, will highlight economies and markets that are at important inflection points or undergoing structural reform as well as discussing the funds philosophy and process.
BiogJohn joined RWC in March 2015 from Everest Capital to co-manage the Emerging and Frontier Markets team with James. He has 23 years of experience in global investment management, commodity, debt and equity research analysis. Before joining RWC, John spent 18 years at Everest Capital where he focused on emerging markets investing. Prior to this he was a high yield manager at Barings focusing on Latin America and US markets. John holds a BS in Management from Norwich University, an MBA from Boston University and speaks Spanish.
Andreas Dankel - Danske Invest
NameAndreas Dankel
Job titlePortfolio Manager
CompanyDanske Invest
TitleAn insight into the Nordic Corporate Bond market
ContentThe Nordic corporate bond market has grown and developed at a high pace in recent years. In relation to the European market, there are many similarities but also regional differences that investors should be aware of in relation to other European markets. Elements such as lack of public credit ratings, local currency denomination (Kronas), FRN format, relatively small bond trances, local bank/broker dominance are all examples that require consideration when investing in Nordic corporate bonds.
Andreas Dankel and his team have a multi-year experience of analysing and managing asset in Europe as well as in the Nordic region.
BiogAndreas Dankel is the Chief Portfolio Manager and Head of the Danske European High Yield Strategy. In addition to this role, he also heads the European Credit and Nordic Corporate Bond teams. Prior to joining Danske in 2008, he was a global credits portfolio manager at BankInvest, and a corporate bond senior analyst focused on financials at both Nordea Markets and Unibank Markets. Andreas has a M.Sc. in Economics from Lund University and was born in 1971.
Mark Kowalski - Edmond de Rothschild
NameMark Kowalski
Job titleFund Manager/Analyst - Investment Grade
CompanyEdmond de Rothschild Asset Management
TitleA bridge over troubled water - the sweet spot between IG and HY
ContentIn the current challenging fixed income environment, three vectors of performance can be taken advantage of. The diverging paths of big central bank monetary policy, the structural attractiveness of concentrating investments in the BBB-BB rating categories, and the increasing resurgence of bottom analysis as we transition into a non QE market. We will explain the EDR Global Crossover Bond’s current strategy and outlook on rate and credit curves, to generate performance while maintaining a focus on low volatility.
BiogMark Kowalski joined the Edmond de Rothschild Group as a Credit Specialist and Portfolio Manager in the Swiss Private Bank in 2000. During his career, he became deputy head of the Capital Markets Group and responsible for Bond Strategy & Analysis for the Private Bank. Mark Kowalski has been the fixed income member of the Private Bank’s investment committee since 2010. He graduated from King’s College London in Business Management and is a member of the CFA Institute.
Richard Jones
NameRichard Jones
Job titlePortfolio Manager
CompanyFirst State Stewart Asia capabilities
TitleFirst State Stewart Asia: an overview and insight into Asia-Pacific equities
ContentRichard Jones, Director of First State Stewart Asia and lead Portfolio Manager, will give an insight into markets and companies across the Asia-Pacific region, focusing on earnings expectations, an analysis of the current risks including debt levels across the region and will take a closer look at the gap between the reflation trade and what the data is saying. Richard will also provide an overview of the First State Stewart Asia investment strategies, explaining how the team seeks to add value through a bottom-up approach to construct high-conviction portfolios.
BiogRichard Jones is a Director of First State Stewart Asia, part of First State Investments. Richard has more than 27 years of investment experience in Asia, focused on both company research and portfolio management. He joined the FSSA team in January 2010 and is based in Hong Kong. Richard is the lead manager of the First State Asia Innovation Fund, the First State Asian Growth Fund and the First State Singapore and Malaysia Fund. He is also responsible for managing a number of Asia Pacific Leaders portfolios on behalf of key client segregated accounts. Richard graduated from the London School of Economics with a first class degree in Economics (Government).
Cho-Yu Kooi - J O Hambro
NameCho-Yu Kooi, CFA
Job titleSenior Fund Manager
CompanyJ O Hambro Capital Management
TitleFrom David to Goliath: Opportunities in Asia SMID
ContentOur bottoms-up stock-picking approach focuses on Asian companies with quality, long-term sustainable growth characteristics, or those which exhibit the potential to do so. These are businesses that can grow over economic cycles and tend to be more resilient during economic downturns. Hence, they generate high or rising returns on capital employed. Our investment process also seek out “fallen angels” – companies which have stumbled or suffered a setback along the way but have restructured their businesses to get back on track for steady growth. From time to time, as markets veer towards extreme pessimism, we will add some cyclical stocks where valuations are too attractive to pass up. We believe that our investment process can identify long-term winners and enhance portfolio performance as our little “Davids” grow to become the “Goliaths” of the future. Currently, we see good hunting ground in Taiwan, Hong Kong/China, Indonesia and Korea.
Biog23 years industry experience, joined JOHCM in May 2011.
Cho-Yu is Senior Fund Manager of the JOHCM Asia ex Japan Small and Mid-Cap strategy. Prior to joining JOHCM, Cho-Yu was a Portfolio Manager at Silver Metis Capital Management Pte Ltd. She previously worked at Lloyd George Management from 2001 to 2008 as a Portfolio Manager, where she managed the Lloyd George Asian Smaller Companies Fund, the Siam Recovery Fund and several institutional accounts valued at over USD 1bn at the peak. She had also worked at UBS and DBS Asset Management for close to eight years. Cho-Yu is a CFA charterholder and graduated from the London School of Economics with first class BSc (Hons) in Economics.
James Inglis-Jones - Liontrust
NameJames Inglis-Jones
Job titleFund Manager
CompanyLiontrust Asset Management
TitleCashflow Solution – highly differentiated European equity returns
ContentSamantha Gleave and James Inglis-Jones focus exclusively on company cash flows in managing the Liontrust GF European Strategic Equity Fund. They seek to provide superior long term returns while taking less risk: protecting investors when the market falls and participating in the market’s growth. They have developed proprietary measures that highlight compelling long and short investment opportunities in Europe. By combining these indicators with bottom-up company analysis, they take a systematic approach to varying the exposure of the fund in different market conditions. James will explain how their process targets a low-volatility, uncorrelated absolute return in a range of market environments.
BiogJames graduated in 1990 with a First Class Honours Degree in Modern History from York University. He gained a D.Phil in Modern History in 1994 from Christ Church, Oxford. He subsequently worked for Unilever, becoming, latterly, a Commercial Manager. In 1997 he joined Fleming Investment Management as an analyst before assuming responsibility in 1999 for the management of UK equity portfolios. Between 1999 and 2002 he worked on JP Morgan Fleming’s institutional investment process and managed a wide range of retail and institutional funds. He ended his six years at JP Morgan Fleming as a senior portfolio manager within their European equity group. In 2003 he joined Polar Capital to manage a European market neutral fund before joining Liontrust Asset Management in March 2006 where he developed the Cashflow Solution Investment process. James is a Chartered Management Accountant and a CFA charterholder.
Peter Saacke - Artemis
NamePeter Saacke
Job titleFund Manager
CompanyArtemis Investment Management
TitleStockpicking in emerging markets using SmartGARP®
ContentLaunched in April 2015, the Global Emerging Markets Fund is the latest addition to Artemis’ range of SmartGARP funds. SmartGARP is Artemis’ proprietary stock-screening tool, introduced in 2001 and developed over the last 20+ years. SmartGARP screens the financial DNA of the biggest 6,500 global companies (of which 2,200 are in emerging markets;) and highlights those where share prices appear to have diverged materially from fundamentals. We will discuss why SmartGARP is particularly well suited to emerging markets, debate whether now is a good time to invest in GEM and highlight those parts of the market that look attractive now.
BiogPeter has managed the Artemis Global Growth Fund and Artemis Institutional Global Capital Fund since January 2004 and co-managed the Artemis Global Emerging Markets Fund since its launch in April 2015. He joined Artemis in December 2002 from Merrill Lynch, where he worked as an equity strategist from 1999. Peter holds a BA in mathematics & philosophy from the University of Oxford, an MA in economics from Freiburg University and a PhD in economics from Hamburg University. He is a CFA charterholder, a partner in Artemis, chief investment officer and a member of the executive committee
Artemis
NameRaheel Altaf
Job titleFund Manager
CompanyArtemis Investment Management
TitleStockpicking in emerging markets using SmartGARP®
ContentLaunched in April 2015, the Global Emerging Markets Fund is the latest addition to Artemis’ range of SmartGARP funds. SmartGARP is Artemis’ proprietary stock-screening tool, introduced in 2001 and developed over the last 20+ years. SmartGARP screens the financial DNA of the biggest 6,500 global companies (of which 2,200 are in emerging markets;) and highlights those where share prices appear to have diverged materially from fundamentals. We will discuss why SmartGARP is particularly well suited to emerging markets, debate whether now is a good time to invest in GEM and highlight those parts of the market that look attractive now.
BiogRaheel has managed the Artemis Global Emerging Markets Fund with Peter Saacke since launch in April 2015. A Cambridge graduate in electrical engineering, he joined Fidelity International in 2002 as a quantitative analyst. In 2007 he was promoted to portfolio manager for a range of funds which grew to $2.5 billion. He moved to Fulcrum Asset Management in 2011. In 2014 Raheel joined Artemis to help Philip Wolstencroft and Peter manage the SmartGARP® funds and institutional mandates.
Leon Kirch - European Capital Partner
NameLéon Kirch
Job titlePartner & CIO
CompanyEuropean Capital Partners
TitleECP Flagship European Value – Going back to the roots of Value Investing as a way to generate consistent return
ContentThe ECP Flagship European Value Fund aims aim to go back to the roots of Value investing and to offer investors an institutional expertise in an entrepreneurial framework. Léon Kirch will detail his “Entrepreneurial Value Investing” approach focusing on a pure bottom-up selection of undervalued quality companies benefiting from strong earnings power. He will explain why he thinks only a high-conviction, benchmark agnostic long-term oriented strategy should be able to generate consistent return over time and why maintain style purity is one of his main concerns when building his portfolio.
BiogLéon Kirch, born in Luxembourg in 1972, has been involved with Value Style Investing for twenty years now. He holds a Commercial Engineering degree from Solvay Brussels School and is a Chartered Financial Analysts. Léon started his career in 1997 at Banque de Luxembourg as a Portfolio Manager. In early 2002 in joined Nordea and became the co-portfolio manager of the Nordea European Value Fund until mid-2014. In August 2014 he became Partner at European Capital Partners where he launched his own European Equities strategies and get back to the roots of his “Entrepreneurial Value Investing” approach. Léon was founding President of the Luxembourg CFA Society and is a regular guest speaker at the University of Luxembourg.
Ned Naylor Leyland - Old Mutual Global
NameNed Naylor Leyland
Job titleManager, Old Mutual Gold & Silver Fund
CompanyOld Mutual Global Investors
TitleGold & Silver: Back to the 1970s
ContentThere are some striking parallels between today’s behaviour in the gold price and the 1970s, with both periods set against a secular backdrop of loose monetary policy and heightened Middle East tensions. Back then the gold price corrected sharply, before undergoing a barnstorming 600% rally over four years. Will history repeat itself?
BiogNed joined Old Mutual Global Investors in 2015 and manages the Old Mutual Gold & Silver Fund. He is a well-known figure in the world of gold and silver investing, having over 17 years’ investment experience. He joined from Quilter Cheviot, having founded a dedicated precious metals fund for Cheviot Asset Management in January 2009, investing in gold, silver and the underlying equities. He previously worked for Smith & Williamson. Ned has a BA (Hons) in Spanish from the University of Bristol.
Christopher Mey - Candriam
NameChristopher Mey
Job titleFund Manager
CompanyCandriam Investors Group
TitleEmerging Market Debt: Benefitting from Global Recovery
ContentThe risks to EMD from US monetary policy normalization and policy agenda and European elections have declined while the synchronized global growth recovery and comfort with risky assets are now directly supporting the asset class. The case for EMD remains strong as growth is recovering and fundamentals are improving. Asset class valuations are extended on absolute basis, but remain attractive versus US credit in HC. We expect stronger asset class inflows across HC and LC and outperformance of local rates and currencies versus external debt this year.
BiogChris joined Candriam in March 2017 as a Fund Manager specializing in EM Corporate Bonds from Union Bancaire Privee’s Emerging Market Fixed Income Team, where he was responsible for covering Asian Credit Markets. Chris spent 8 years at F&C Investments, initially as a performance analyst before joining the Global High Yield Desk in 2010. In 2012 he joined the Emerging Market Debt Team where he was a fund manager for Emerging Market Corporate Bonds. Chris holds an MA in International Financial Analysis from Newcastle University as well as a BA (Hons) Degree in Accounting and Finance from Newcastle University. He has been a CFA charter holder since 2013.