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Martin Haycock - Fisch Asset Management
NameMartin Haycock
Job titleSenior Product Manager Convertibles, Senior Partner, Fisch Asset Management
CompanyFisch Fund Services
TitleConvertible Bonds - The case re-opens
ContentThe case for investing in this unique asset class is compelling. Convertibles offer investors a 'best of both worlds' proposition, giving exposure to the upside in stock markets with a more defensive profile in weaker stock markets owing to the bond component. In this session, convertible bond characteristics, risk exposures, asymmetry, issuance drivers and performance will be explored, de-mystifying and positioning this under-utilised asset class. Why and how companies utilise convertibles as a flexible financing tool? How are convertible benchmarks developed and used for such a unique asset class? Martin Haycock will answer these and other key questions while explaining how the unique investment culture of Fisch Asset Management captures the best that this unique asset class has to offer.
BiogMartin Haycock studied at Cambridge University (where, alongside his studies, he twice won the world-famous Oxford & Cambridge Boat Race). He then began a 20 year career at UBS. In 1995 he joined the convertible bond origination team and in 2001 was appointed head of convertible bond research and thereafter head of convertible bond marketing. During this time he led the development of the UBS convertible indices into the most widely used global benchmark for convertible bonds. In 2012, Martin was appointed global head of the newly-formed UBS Index Group with responsibility for managing all indices owned by the firm. He also served as global COO for the cash equities business, and in 2014 led the sale of the UBS Convertible Indices to Thomson Reuters.
Thomas Rutz - Mainfirst
NameThomas Rutz
Job titleSenior Fund Manager Emerging Markets
CompanyMAINFIRST Asset Management
TitleRelative value investing in emerging market debt
ContentEmerging Markets corporate debt offers significant opportunities to generate outperformance for active managers, especially as company fundamentals and economic data is improving in the Emerging Markets. Given the inefficiencies and peculiarities of corporate emerging market debt, specialist managers are best placed to take advantage of these opportunities. The varying demographic, economic and regulatory structures provide an active alpha-seeking manager a potentially large number of investable ideas by looking beyond the benchmark.
BiogThomas Rutz has been a portfolio manager at MainFirst since September 2012. Previously, Thomas was Head of Emerging Markets at Clariden Leu/Credit Suisse, leading the Emerging Markets Bond, Equity and Currency teams. Prior to that, he spent 6 years at ABB Capital B.V. in Zurich and Singapore as deputy chief trader and two years as chief dealer capital markets at the Bank of Bermuda Ltd., Hamilton. From 1985 to 1994, Thomas held various proprietary trading related positions at UBS.
Rob Ford - Vontobel
NameRob Ford
Job titlePartner TwentyFour Asset Management, Portfolio Manager ABS strategies
CompanyVontobel Asset Management
TitleDemystifying European asset backed securities
ContentIn this session Rob Ford will introduce TwentyFour Asset Management, which is focused on fixed income investments, including one of Europe’s largest investment teams focused on ABS securities. In his presentation Rob will explain how the asset class works and present TwentyFour’s investment approach and strategies.
BiogRob Ford is one of the founding partners of TwentyFour and a Portfolio Manager. Rob’s main responsibility is managing the firm’s ABS business, and a number of institutional mandates. He also is a member of the firm’s Investment Committee. He has been trading ABS since their inception in the late 1980s, and as one of the market’s leading authorities on the sector he is also a pivotal member of a number of high level market initiatives and steering groups.
Previously, Rob spent over 20 years at Barclays Capital (formerly BZW) in London as a fixed income trader covering a broad range of instruments, where he established and managed the floating rate credit trading unit and was a managing director and head of European ABS trading.
Maria Musiela CMYK 300
NameMaria Musiela
Job titleInvestment Specialist, Equities
CompanyUnigestion (UK)
Title360-degree active risk-managed equities
ContentUnigestion has been at the forefront of low-risk equity investing since 1997. We believe performance is driven by controlling unrewarded risks. Our approach pursues an asymmetrical risk profile by manage a wide spectrum of risks beyond simple volatility and correlation, such as credit, earnings, liquidity, valuation, ESG, etc. Whilst a systematic approach is at the heart of our process, we believe that not all risks are observable from statistics alone. Therefore a combination of qualitative top-down and bottom-up fundamental assessment is key to the success of our process. We believe that equity market risks can change over time, which is why we continue to evolve our process, enhancing it through proprietary research. Recent additions to our investment suite include a reduced carbon footprint approach.
BiogMaria Musiela is an Investment Specialist in the Equities team. She joined Unigestion in October 2015. Maria began her career in 1998 as Financial Analyst/Trader at Credit Suisse Asset Management in Sydney, initially in the Fixed Income team and later in Equities. In 2004, she transferred to Credit Suisse Asset Management in London, as Quantitative Analyst focusing on Equities.
In 2009, Maria joined the Personal Accounts Delivery Authority, which later became known as the National Employment Savings Trust (NEST) Corporation. She joined initially as an Investment Research Analyst, later becoming Head of Quantitative Research and, in 2012, Head of Market Risk and Asset Allocation.
Maria holds a Masters in Finance from Imperial College London, as well as a BSc in Commerce and a BSc in Science from the University of New South Wales, Sydney, Australia.