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NEW YORK • 18 OCTOBER 2016

BENEFIT FROM THE KNOWLEDGE OF LEADING FUND MANAGERS

Speakers

Kevin Loome - Henderson
NameKevin Loome
Job titleHead of US Credit
CompanyHenderson Global Investors
TitleWhy Henderson for Global High Yield?
ContentWith portfolio managers and credit analysts based on both sides of the Atlantic, Henderson Global Investors run a truly global high yield strategy. Kevin Loome, Head of US Credit and one of the co-managers of the strategy, highlights key aspects of the team’s high yield investment philosophy and process. In particular, the powerful and accountable role the credit analysts play in driving bottom-up stock decisions. His discussion will be illustrated with individual credit examples as to how the process works in practice, including what can make a stock stand out and the pitfalls to avoid. The global high yield market has produced double digit returns year-to-date and Kevin will touch on the current themes and trends in the high yield markets that are helping to shape his view.
BiogKevin Loome joined Henderson in 2013 as the Head of US Credit and since then has helped launch and manage a number of funds. His career began at Morgan Stanley as an investment banking analyst, before moving on to work at T.Rowe Price as a portfolio manager and analyst. Prior to joining Henderson, Kevin worked at Delaware Investments as the Head of High Yield Investments and senior portfolio manager.
Kevin graduated from the University of Virginia with a BS in Commerce and has an MBA from the Amos Tuck School at Dartmouth. He is also a CFA charterholder.
Crowl Sandra - Carmignac
NameSandra Crowl
Job titleMember of the Investment Committee
CompanyCarmignac
TitleCARMIGNAC: Pioneer in Global Asset Allocation
ContentCarmignac Gestion, is a French based, but Europe wide asset management firm managing 52 billion Euros. It has earned an early reputation as a pioneer in asset allocation investing, offering a non-benchmarked, flexible and active approach to long term savers for 27 years. Carmignac’s focused range of 24 funds with 18 core strategy expertise such as global equities, commodities, emerging markets, low volatility funds and alpha driving fixed income strategies have become our hallmarks.
Carmignac Patrimoine a flagship asset allocation fund is one of the largest mutual funds in Europe. The fund managed by Edouard Carmignac for the equity portion and Rose Ouahba for the fixed income portion, benefit from the investment ideas of the whole management team. Investors have recognized this fund for its risk management philosophy through an active and flexible approach meeting its objective to reduce downside in negative markets. The global macro scenario, both qualitative and quantitative approach to stock picking and exposure management in equities, bonds and currencies represent the three pillars of the investment process.
The full range of Carmignac UCITS funds is available for US Offshore investors within a Luxembourg mutual fund (SICAV) in several currencies.
BiogSandra entered Carmignac Gestion in 2007 and currently holds the positions of Portfolio Advisor and Member of the Investment Committee. She started her career at Bankers Trust Australia in 1987. In 1991, she transferred to the Paris office to manage the Foreign Exchange team. In 1993, she transferred to the London office where she was appointed Managing Director for the European Foreign Exchange team. In 2003, she shifted to the fund management industry and worked as a founding member of New Alpha Advisers, a subsidiary of the alternative funds boutique ADI.
Sandra holds a Bachelor’s degree in Economics and French from the University of Melbourne. She is also a Chartered Alternative Investment Analyst (CAIA) since 2007.
Kevin Thozet - EDR
NameKevin Thozet
Job titleProduct Specialist
CompanyEdmond de Rothschild Asset Management
TitleHow to generate absolute returns in a fixed income universe with 23% of outstanding IG debt in a sub-zero IR environment
ContentBond market yields are particularly low and no longer dependent on economic rationality but on de facto coordinated central bank action. It is remarkable that investors have factored in the Fed’s next rate hike for the beginning of 2018 even though almost all rate hike indicators are now flashing green. Markets are subject to an increasingly volatile environment in regards to heavy political agenda but still relatively upbeat for risky assets. In the hunt for yield, investors are turning to new segments and changing their portfolio’s risk profile.
In this context, the implementation of a flexible approach to investment appears to be necessary in order to both protect assets which are entrusted to asset managers as well as seizing investment opportunities when they arise. Indeed, a flexible approach to investment can allow for different objectives: the reconciliation of various investment horizons (with the active management of market exposure and hedges over the short term combined with a long term bond picking), or building portfolios with asymmetric returns with the possibility to shift rapidly from defensive assets to those displaying significant upside. Flexibility is also key when selecting instruments to implement investment decisions as one conviction or belief can be expressed in numerous ways with a significant impact on returns. Kevin will explain Edmond de Rothschild Asset Management’s approach to fixed income investments, which is notably characterized by its capacity to adapt to different and changing market environments and will expose the company’s approach to flexible investments as well as the current market opportunities in the fixed income universe
BiogKevin Thozet is Product Specialist within the Asset Allocation & Sovereign Debt team, composed of 12 Portfolio managers/analysts.
He joined Edmond de Rothschild Asset Management in 2011 to set-up the RFP team and accompany the development of the company towards both French and International institutional clients. In 2015 he was appointed Product Specialist.
Previously, Kevin worked for Axa Investment Managers as Senior RFP Manager with special responsibility for international institutional clients. He holds a master’s degree in bilingual journalism and a master’s in management science.
Jeff Germain- Brandes
NameJeffrey Germain, CFA
Job titleDirector, Investments Group
CompanyBrandes Investment Partners
TitleOpportunities for Value Investors in European and Emerging Markets Equities
ContentWhile value strategies have performed well this year in some markets compared to their performance in 2015, the valuation spreads between value stocks and the broader market in Europe and in Emerging Markets remain at unprecedented levels due to a combination of factors. Spreads of this magnitude will eventually narrow, and are indicative of the potential for attractive returns to the discriminating investor. The analysts at Brandes take a long-term view in evaluating investment opportunities and are finding undervalued companies in a variety of sectors and countries across the entire capitalization spectrum. Our discussion will focus on the opportunities currently available in European equities and in Emerging Markets equities, along with the challenges and risks that need to be taken into consideration.
BiogJeffrey is a limited partner of Brandes’ parent company. His role is currently, Director, Investments Group and is a senior analyst on the basic materials research team. Jeffrey is also a member of the international large-cap investment committee. He joined Brandes Investment Partners in 2001 and prior to this he was a financial analyst with Harcourt and CFO of Golf Destinations. Jeffrey has a BS in business administration with a concentration in finance from the University of North Carolina at Chapel Hill.