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VENICE • 8 - 9 JUNE 2017

BENEFIT FROM THE KNOWLEDGE OF LEADING FUND MANAGERS

Speakers

Andrew Lake - Mirabaud
NameAndrew Lake
Job titleHead of Fixed Income
CompanyMirabaud Asset Management
TitleFixed Income as an investment opportunity is over. Or is it?
ContentWhy we think smart investors can still utilize a fixed income allocation effectively in the current environment. The key is how. The Mirabaud Strategic Bond Fund is one such solution, it is a total return fund aimed at capturing all opportunities across the fixed income universe under various economic cycles, including the currently unfolding post-monetary easing phase. The fund will seek to extract value from government bonds, and corporate credit including high yield, fixed and floating rate instruments in both developed and emerging markets. Managing duration and credit exposure across the business cycle will be the main driver of performance. The investment process is driven by our active approach to global duration and credit allocation starting with a top down assessment of the macro economic environment. Here we define key investment themes across global markets and identify key investment themes using quantitative, qualitative and technical analysis to decide which part of the interest rate or credit curve is most interesting. Final instruments are selected using bottom up considerations such as FTV, credit scoring and relative value analysis. All weather approach to Fixed Income with the main target of maintaining a low volatility, around 2%, over the full cycle.
BiogAndrew Lake, Head of Fixed Income, is the lead manager of Mirabaud - Global High Yield Bonds and Mirabaud - US Short Term Fund, and the co-lead manager of Mirabaud - Global Strategic Bond Fund and manages the team of five in charge of Fixed Income funds. He has experience in the asset management industry since 1996. Prior to joining Mirabaud Asset Management in 2013, Andrew was Head of High Yield Portfolio Management at Aviva Investors. He has managed High Yield funds at Merrill Lynch Investment Managers, where he was responsible for High Yield in London, and at F&C Investments, where he co-managed the institutional High Yield product. He also managed investment grade funds at IBJ Asset Management. Mr Lake has a history degree from the University of York, an M.B.A from the Booth School of Business at the University of Chicago and is a qualified barrister.
Samantha-Gleave
NameSamantha Gleave
Job titleFund Manager
CompanyLiontrust
TitleThe Liontrust European Smaller Companies Fund
ContentSamantha Gleave and James Inglis-Jones believe cash flow is the single most important determinant of shareholder returns. They have successfully applied their Cashflow Solution investment process to European equities via a wide variety of funds and mandates for over a decade.
In this presentation, Samantha will explain why they believe the Cashflow Solution process can be particularly powerful when applied to European small caps. Samantha and James’ approach to small cap analysis is distinct and differentiated. Stock selection decisions are based purely on detailed bottom-up analysis of companies’ report and accounts. They do not meet company managers. By avoiding contact with company managers, they aim to remove any emotional bias towards portfolio holdings. They rely on their own proprietary research with investment decisions based on financial evidence rather than opinions or forecasts.
BiogSamantha graduated from Aberdeen University in 1995 with an MA Honours degree in Economics & Management. She began her career at Sutherlands Ltd as a Consumer Analyst before moving on to Fleming Investment Management as senior Investment Analyst covering Pan Europe where she worked with James Inglis-Jones. Samantha moved to Credit Suisse First Boston (Europe) Ltd in 2000 and was in a No 1 ranked equity research sector team (Extel & Institutional Investor Surveys). In 2005 she moved to Bank of America Merrill Lynch and became a Senior Equity Analyst and Director and won awards for Top Stock Pick and Earnings Estimates. Samantha joined Liontrust in 2012 as Fund Manager to work with James in managing the European equity investment process - the Cashflow Solution.
John Malloy - RWC Partners
NameJohn M. Malloy, Jr
Job titleEmerging Markets Portfolio Manager
CompanyRWC Partners
Title Recognising 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 has 24 years of experience in global investment management, equity, fixed income, currency and commodity research. Before joining RWC in March 2015 to manage the RWC Emerging Markets Equity Fund, John spent 18 years at Everest Capital where he focused on emerging markets investing. Formerly, John was a high yield manager at Barings focusing on Latin America and US markets. BS in Management, Norwich University. MBA, Boston University.
Tim Paulson - Lord Abbett
NameTim Paulson
Job titleInvestment Strategist, Fixed Income
CompanyLord Abbett
TitleMulti-Sector Income Opportunities in 2017
Content After seeing tremendous returns in the leveraged credit markets in 2016, many investors are wondering if they “missed the rally.” While this year’s returns may not reach the same outsized levels, Lord Abbett believes the credit markets can still post respectable returns in 2017—particularly when compared to other options investors may be considering in a low rate environment. In this workshop, Tim Paulson will discuss Lord Abbett’s favorable outlook on the leveraged credit markets, as well as the themes his team is pursuing in their portfolio. Tim will also cover Lord Abbett’s thematic investment process and risk management practices, which have enabled the team to generate consistent, industry-leading returns in their multi-sector income portfolios. In addition, he will explain how Lord Abbett’s multi-sector income strategy combines high yield and investment-grade fixed income with equities to deliver higher returns than credit alone, as well as lower volatility than equities.
BiogTim Paulson is responsible for providing the portfolio management teams with investment insight and relevant market information for Lord Abbett’s fixed income strategies. In this role, he also communicates with institutional clients and prospects regarding current portfolio positioning and the firm’s market outlook. Tim also collaborates with the consultant relations, product development, and relationship management teams as appropriate. Tim began his career in the financial services industry in 1999. Before joining Lord Abbett, he worked for Goldman Sachs as a vice president of institutional sales, where he was responsible for communicating timely market information and insights, and developed customised solutions in mortgages and interest rate products. Prior to that role, he ran several books on the mortgage trading desk at Goldman Sachs as a vice president.
Tim earned a BA in English from Haverford College and an MBA from Northwestern University.
Gregg Guerin - First Trust
NameGregg Guerin
Job titleProduct Specialist
CompanyFirst Trust Global Portfolios
TitleGenerating a growing dividend stream through investing in essential energy infrastructure
ContentWith increased interest in American infrastructure Gregg will introduce a low correlated alternative income strategy. The strategy seeks to generate a stable stream of growing dividends through the investment in non-cyclical North American energy infrastructure. Long lived assets derive stable cash flows from Regulatory Asset Base or long term contracts with cost escalators and seek to limit commodity or economic exposure.
BiogGregg Guerin is a Product Specialist for First Trust and supports the business development across the UK and European markets in which First Trust operates. Prior to working in London, Gregg was based in and developed First Trust’s US business. Gregg introduces First Trust’s product range, including AlphaDEX methodology to IFAs, wealth managers, fund of fund managers and private banks. He has been entrenched in the ETF industry for over nine years and sees tremendous growth potential for the ETF market across Europe.
Marco Carraro - BlackRock
NameMarco Carraro
Job titleDirector
CompanyBlackRock
TitleIncome and returns are low – it’s time for Europe’s traditional bond investors to think differently
ContentAdd a new dimension to your portfolio with our BSF European Select Strategies Fund.
The Fund is designed for investors looking to boost returns from their bonds or seeking a flexible, core European holding, blending bonds and equities. Whether investing in fixed income or high quality equity income, manager Michael Krautzberger brings together what he believes is the best of Europe within a single fund.
It aims to enhance investors’ returns compared to traditional bonds. There’s no need to sacrifice quality, compromise on return consistency or to heavily skew your portfolio towards much riskier assets.
BiogMarco is the lead product strategist for the European Fixed Income team. In this role, he leads a team of product strategists responsible for supporting both institutional and retail clients investing in active strategies managed by the Euro Fixed Income team. Prior to joining BlackRock in 2007, Marco was an analyst at Standard & Poor's, where he was responsible for the evaluation of fixed income securities.
Marco earned a BSc degree in Economics and Management from Royal Holloway University of London in 2000.
Vincent McEntegart - Kames
NameVincent McEntegart
Job titleInvestment Manager
CompanyKames Capital
TitleOvercoming the income challenge
ContentAttractive and dependable levels of income are increasingly sought after. We believe that a diverse multi-asset portfolio can deliver an income target of 5% per annum, capital growth and risk management through dynamic asset allocation and high conviction stock selection.
Vincent will explore the income theme in the current market environment. He will also explain how he manages the portfolio to meet the yield target by using all the asset classes available to create a risk managed portfolio.
BiogVincent is an Investment Manager in our Multi-asset team with 30 years’ industry experience. He joined us in 2013 from Goodhart Partners (an MBO of the multi-manager business of WestLB Mellon Asset Management) where he was a partner responsible for client relationships and new business. Prior to this, Vincent was Co-Head of Investment Manager Research at Hymans Robertson and a senior member of the investment consulting practice. Vincent has also worked for Alexander Clay Consulting (now part of Aon) and Clerical Medical Investment Group. He has a BSc in Mathematical Sciences from the University of Strathclyde and a Diploma in Actuarial Techniques from the Institute of Actuaries
Jennifer James - Henderson
NameJennifer James
Job titleEmerging Market Credit, Head of Corporate Research
CompanyJanus Henderson Investors
TitleEM Corporates – Low volatility, high return
ContentEM Corporates offers attractive yield for an IG asset class. We will highlight the key features of the market and present our holistic approach to generating income from a large, diverse pool of investment opportunities.
BiogJennifer James joined Henderson in 2014 as Head of Corporate Research in Emerging Market Credit, from Thames River Capital where she was a Co-Fund Manager and Research Analyst within the Global Credit team. Jennifer started her career in 1998 at JP Morgan in their analyst programme and then moved to High Yield Research within the Investment Bank as a junior research analyst. Her first buy-side role was at Bear Steams Asset Management, within their High Yield team. She moved to London in 2005, and has held investment roles covering corporate credit at several hedge funds, including Amaranth, Peloton, and Gruss. She moved to Thames River in 2011 to focus on Emerging Market Corporates, first as a research analyst and then as a co-fund manager.
Jennifer graduated from Boston College with a BSc in Management (Accounting), and concentrations in Finance and English Literature. She also holds the Investment Management Certificate (IMC).
Nicolas Janvier - Columbia Threadneedle
NameNicolas Janvier
Job titlePortfolio Manager
CompanyColumbia Threadneedle Investments
TitleSmaller companies: surf the American wave!
ContentThe Trump administration has announced a vast plan of investments in the American economy. The plan involves investments in infrastructure, a fiscal reform, deregulation and a boost to consumer spending. Nicolas Janvier, who has a solid experience in running US small cap equities portfolios, will share his thoughts about “Trumpnomics” and the best way to benefit from it.
BiogNicolas Janvier has been a portfolio manager for the Threadneedle American Smaller Companies Fund since 2015. Nicolas joined the company in 2014 as a portfolio analyst in the US Equities team, and is responsible for researching US companies across the materials and utilities sectors.
Prior to this, Nicolas spent eight years with Columbia Management, where he worked as a portfolio manager in the Value Strategies team focusing on US mid and small cap companies. Before this, he was a portfolio manager with the Private Bank at Bank of America.
Nicolas holds a BA in Telecommunications-Operations from the University of Florida. He also holds the Chartered Financial Analyst designation.