Programme - Presentations

8.50am

Alex Beveridge, Editor
Global Pensions

Welcome and opening remarks.

9.00am

Ben Gunnee, European Director of Mercer Sentinel
Mercer

Transition Management - Is it really worth it?
This presentation will introduce the concept of Transition Management and discuss the pros and cons of using a transition manager.
Presentation | Video

9.20am

Rick Di Mascio, Chief Executive Inalytics & Chairman of the T-Charter

Keynote: Overview and thoughts on the future of the transition industry.
Now that the T Charter has safely been put to bed, I will focus on how it might develop in the future in terms of some of the changes we are likely to see. Addressing specific issues around due diligence and assessing performance.
Video

9.40am

Chris Adolph, Head of UBS Investment Bank Transition Management (EMEA region)
Ben Gunnee, Mercer
David Goodman, State Street Global Markets
Alick Stevenson, NAPF
Steve Webster, Transition Management, RBS

Panel: Transition Management for Pension Funds - How should a pension fund go about researching the area without prior experience?

10.20am

Coffee break and networking

10.50am

Mark Dwyer, Mellon Transition (EMEA)
Mellon Transition Management

Risk Management in transitions: Implications of current markets conditions .
- Pension fund buyouts – the implications for transition management.
- High market volatility – implications for market impact vs. opportunity cost.
- Beta management – an effective way to re-allocate in volatile markets.

11.10am

John Minderides, Transition Management
JP Morgan

Transition managers as advisors – a combination is needed.
Transition managers as advisors for pension funds when diversifying portfolio.
Video

11.30am

Steve Webster, Head of Transition Management
Transition Management, RBS

The challenge of fixed income transitions.
The content of this presentation will focus on the challenges faced in transitioning fixed income investments and in particular how the current market conditions are impacting fixed income transition events.
Presentation | Video

11.50am

Q&A

12.05pm

Lunch

1.25pm

Alick Stevenson, Director of Investments, Merchant Navy Officers Pension Fund & T-Charter Steering Group NAPF

Keynote: The NAPF and the T-Charter.
The T-Charter and its ten key drivers.
- Why the NAPF has become involved.
- Who does or should the T-Charter benefit and how?
- A brief case study of a transition.
- Where next…?
Presentation | Video

1.45pm

Rick Di Mascio, T-Charter
Mark Dwyer, Mellon Transition Management
Lachlan French, Barclays Global Investors
John Minderides, JP Morgan
Tim Wilkinson, Citi Transition Management

Panel: Globalisation in Transition Management – a comparison of regions.

2.25pm

2.45pm

Tim Wilkinson, Global Head
Citi Transition Management

How to measure the success of managing a transition.
This presentation will look at quantitative versus qualitative measures as well as transition results versus expectations.
Other issues covered include:
- Disaggregating implementation shortfall.
- Market-adjusting implementation shortfall.
- Beta-adjusting implementation shortfall.
- Qualitative measures of success.
Presentation | Video

3.05pm

Chirag V. Patel, Assistant Vice President
State Street Global Markets

Optimal trading for portfolio transitions.
Opportunity cost and market impact are especially interesting because these costs represent the largest share of total cost and because investors influence these costs by how they trade.
Presentation | Video

3.25pm

Lachlan French, Managing Director, Head of Transitions Management for Europe and Asia (ex Japan)
Barclays Global Investors

Mitigating risks during transitions.
A series of case studies in managing the operational and portfolio risk associated with large and complex transitions.
Presentation | Video

3.45pm

Q&A

4.00pm

Drinks Reception