|Job title||Europe Chief Investment Officer|
|Company||AXA Rosenberg (an AXA Investment Managers Company)|
|Title||The Small Cap Gap|
|Content||Investors world-wide face a common challenge: meeting their investment goals in a low interest rate environment. Yet, many of them ignore 15% of the investment universe and thus miss out on a significant opportunity: the long-term engines of growth; small capitalization companies.|
• Small cap stocks have demonstrated higher levels of volatility than large caps, but they have also generated significantly higher levels of return.
• Small caps are not as expensive as you may think – valuation metrics often present a distorted view of small caps… with a few simple adjustments we can reveal their true value.
• The lack of analyst coverage of smaller companies creates a more inefficient investment universe, creating a fertile field for active investors to exploit in their search for alpha.
|Biog||Gideon joined AXA Rosenberg in 1998 and is the Europe chief investment officer co-heading the firm’s London office. He previously held a number of positions at the firm, including Europe deputy chief investment officer, director of client services and head of strategy engineering for Europe. Prior to joining AXA Rosenberg, Gideon trained as a chartered accountant with Arthur Andersen working in their Financial Markets Division in London.|
Gideon obtained his BSc from Manchester University in 1992 and received his MBA from London Business School in 2000. He is a holder of the Chartered Financial Analyst designation.
|Job title||Fund Manager|
|Company||Henderson Global Investors|
|Content||Will Prime Minister Shinzō Abe’s third (and most ambitious) arrow of his ‘Abenomics’ policy deliver the structural reforms needed in Japan? Fund Manager Michael Wood-Martin, discusses the prospects for Japan, and the benefits of an all-cap concentrated approach.|
|Biog||Michael Wood-Martin joined Henderson Global Investors in 1987 after graduating from Dublin University with a degree in Management. Michael assumed responsibility for the Henderson Japan Fund in September 1991, at which time he also moved to Japan to work from Henderson’s Tokyo office. He returned to London in 1995 and is currently manager of the Japanese Equity strategy. He also manages specialist mandates for other long only clients in Japanese equities. |
|Job title||Senior Portfolio Manager European Equities and Head of Growth Equities|
|Title||Uniqueness: The Attractiveness of European Small & Mid Caps|
|Content||Mandarine Unique selects European small and midcaps with “unique” profiles operating on niche markets and benefiting from significant worldwide market shares. These companies are less sensitive to economic conditions and enable investors to benefit from a large number of growth and innovation stories.|
|Biog||Marie-Jeanne is the head of Mandarine Gestion's European Growth Equities Team and Senior Portfolio Manager European Equities, responsible for a team of 3 fund managers and one financial analyst. She serves as the lead fund manager of Mandarine Gestion's European large cap and all cap growth equities and is a co fund manager of small & mid cap products. Marie-Jeanne has a long-standing experience in managing European equities, having started her career in 1981 as a Financial Analyst at Caisse des Dépôts et Consignations in Paris, followed by roles as European equity fund manager at CDC Gestion until 1995 and as Co-Head of European Small & Mid Cap Equities at IXIS Asset Management until 2007. Before joining Mandarine Gestion in late 2012, Marie-Jeanne was a European equity fund manager at Paris-based fund boutique SPGP, catering for family offices and HNWIs.|
She is a graduate of IEP Business School, Paris and a member of the French Association of Financial Analysts (SFAF). Awards include Citywire AAA (April 2007) and AA ratings (May-August 2008), Lipper Fund Awards for Médianes in 2003, Ixis Europe Avenir in 2005 and 2006.
|Job title||Portfolio Manager|
|Title||Eastern Europe and Eurasia: Where emerging, frontier and developed markets meet!|
|Content||It is no surprise that a great chess game is being played in greater Eastern Europe and Eurasia as the regions sit on more than 60% of proven global energy reserves. How can one be involved and benefit from the opening up of the economies and the monetization of the region’s vast underground wealth as it relates to the broadening of the local economies.|
|Biog||Aziz joined RenAsset Management (RAM) in 2012 as part of the team RAM acquired from Griffin Capital. With more than 19 years of investment experience, he is the manager of RAM’s Ottoman Fund since inception and the Eastern European Fund since January 2015. Since the Ottoman’s launch in January 2006, it has been the best performing regional fund in Emerging Europe. The Ottoman Fund is decorated with multiple industry awards and ratings (Morningstar, Sauren, Euro, Euro AM Sontag). Prior to being a fund manager, he was a highly experienced analyst concentrating on emerging market financial stocks. Aziz holds a BA in Business Administration from the Anglo‐American University in Prague.|
|Job title||Senior Portfolio Manager, High Dividend Team|
|Company||Kempen Capital Management|
|Title||Recent turmoil: fundamentals matter again?|
|Content||The best way to ensure superior investment returns over the long term is to focus on the fundamentals and yet they are increasingly being ignored. The current market rewards both uncertain future growth as well as transformational M&A. This reflects the optimistic view on equities that is translated into share prices. History has shown however, that when the market becomes euphoric, future returns are likely to disappoint. In our view, the key element is to judge the long term free cash flows of a company as this is how investors will be rewarded for holding a stake in any business. Thus, it is essential to identify and select companies with good cash flow generation and solid capital discipline at an attractive valuation. Such companies typically have a high dividend yield. The presentation will detail the importance of these true value drivers, ever more so with a market that has become increasingly share price focused.|
|Biog||Joris Franssen joined Kempen Capital Management in March 2006 as Senior Portfolio Manager within the Dividend Team. Over the eight previous years he worked for ING Investment Management as Portfolio Manager for Dutch Institutional clients and in the final five of these eight years as Senior Investment Manager of the Value Team. Joris Franssen studied economics at the Erasmus University Rotterdam and graduated in 1998 with a degree in Monetary Economics & Risk Management as his specialty. As part of the Dividend Team, Joris focuses on the technology, media and telecom sectors. Joris Franssen holds the RBA title (Dutch EFFAS title).|