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From

09 June 2020 08:45

To

10:50

Venue

Join Online

mallowstreet University Digital Roadshow: Edinburgh

At this morning online workshop, we will breakout into two rotating Investment Masterclasses to hear the latest from some forward-thinking asset managers. We will examine some of the key questions trustees should be focusing on in the current environment, new tools to evaluate risk, and where to find return.

This event is accredited by the Pensions Management Institute and is open to pension funds and their advisers.

Program

Time Description
08:45

Registration, login and tech check

The Roadshow will take place online via a ‘Zoom’ meeting (a widely used webcast meeting provider). We will provide further information, including an access link and password, to all attendees in advance of the event.
09:00

Welcome Address & Introductions

Outline of the topics and themes for the Roadshow.
09:10

Rotating Investment Masterclass I: Multi-Asset Credit: Capturing Secured Income and Capital Gain Opportunities in the Wake of the Storm Craig Scordellis, Head of Long-Only Multi-Asset Credit, CQS

Global government responses to COVID-19 have been unprecedented in modern times, with varying degrees of personal lockdown and economic shutdown. Credit markets have faced a near perfect storm, with indiscriminate selling pressure from daily liquidity and passive funds exacerbated by the reduced ability of banks to act as a liquidity buffer. Although we have seen some retracement of credit market indices in certain asset classes, we anticipate that volatility will continue in markets as long as COVID-19 continues to present uncertainty. Join Craig Scordellis, Head of Long-Only Multi Asset Credit at CQS, for a thoughtful and clear analysis of why he believes prices in certain parts of the credit markets do not represent longterm fundamental risks to investors, where he sees relative value opportunities in the wake of the storm, and why he believes today’s markets offer Multi Asset Credit investors a rare opportunity to benefit from unusually high levels of secured income, alongside material capital gains as prices recover over the medium-long term
09:50

Questions & Comfort Break

10:05

Rotating Investment Masterclass II: UK Infrastructure: Resilience and Value Darryl Murphy, Head of Infrastructure, Real Assets, Aviva Investors

As well as its profound human impact, COVID-19 is having a marked effect on asset prices and transaction activity in all areas of financial markets. But beyond the short-term uncertainty, UK infrastructure stakeholders are looking for clues as to how the crisis could influence the market’s longer-term prospects and the role infrastructure can continue to have in DB pension scheme strategies. Join Darryl Murphy, Managing Director of Infrastructure at Aviva Investors, as we discuss the impact of COVID-19 on UK infrastructure and opportunities for future infrastructure investment.
10:45

Questions & Close

10:50

End

Speakers

  • Craig Scordellis

    Craig is CQS’ Head of Long-Only Multi-Asset Credit, responsible for the firm’s long-only multi-asset credit business. Prior to this role he headed global loans and was responsible for managing the firm’s loan mandates, including those in a variety of multi-asset credit funds and collateralised loan obligations (CLOs). Craig chairs the Asset Advisory Committee for the CQS Credit Multi Asset Fund and is a Partner of CQS (UK) LLP.

    Prior to joining CQS in 2008, Craig was a Senior Investment Analyst and Assistant Portfolio Manager at New Amsterdam Capital Management, a credit hedge fund. Before this, he was an Associate at the Royal Bank of Scotland where he structured leverage finance and high yield bond transactions. Prior to RBS, Craig was on the Deutsche Bank Investment Banking graduate program.

    Craig holds a BSc (First Class Hons) in Business Administration from the University of Bath.

  • Soraya Chabarek

    Soraya is Global Head of Distribution and Business Development at CQS, a London-based credit-focused multi strategy asset manager which was founded by Sir Michael Hintze in 1999. In this capacity Soraya is responsible for leading and managing CQS' global sales team to build long-term partnerships with investors. She joined CQS in 2013, is a Partner of CQS (UK) LLP, a member of the CQS Executive Committee, and Chair of the Diversity and Inclusion Group.

    Soraya began her career at HSBC Private Bank and then in 2000 moved to Permal Investment Management in London where she focused on structuring and distributing fund of hedge funds across the EMEA region. A fluent Arabic speaker, Soraya joined GLG Partners in 2004 as a Principal to build out their Middle Eastern presence. The region became a significant contributor to AUM growth at the firm and also gave Soraya exposure to a broad range of fund strategies including; global macro, equities, emerging markets, credit and convertibles. In 2008, when Greg Coffey joined Moore Europe Capital Management as Co-CIO, Soraya made the move with him. At Moore, she was the Head of Marketing for the Emerging Macro Strategies where she successfully re-built the asset base during one of the more trying periods in the industry.

    Soraya holds a BA in Economics and Public Administration from Royal Holloway, University of London.

  • Darryl Murphy

    Darryl is responsible for origination, structuring, execution and asset management of infrastructure transactions for the infrastructure equity and debt strategies. Darryl is responsible for a portfolio of around £10bn of debt and equity investments across UK and Europe. Transactions are sourced and assessed against the investment strategies of our clients and structured accordingly.

    Prior to joining Aviva Investors, Darryl was a partner at KPMG in the Infrastructure Advisory practice. Darryl has over 25 years’ experience in infrastructure financing and investment having also worked at Hambros, SG, Newcourt Capital, RBC and was head of European Project Finance at HSBC. He is widely recognised as one of the leading infrastructure financing experts in the UK and has structured, advised and arranged on a wide number of projects globally and has particular expertise in public private partnerships.

    Darryl holds a PhD in Mathematics from Exeter University. He is a UK council member of the International Project Finance Association.