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From

23 June 2020 08:45

To

10:50

Venue

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mallowstreet University Digital Investment Focus: Opportunities in Fixed Income

As one of the largest investments for UK pension funds, understanding how COVID-19 affects fixed income, from current and future perspectives, is in critical focus for almost all trustees and investment teams. 

During this online Focus, delegates will breakout into 2 rotating Investment Masterclass sessions to discuss the latest findings from some forward-thinking asset managers. Over the course of the morning you will have the chance to question the speakers and to learn how others are navigating their way through the current environment. 

This half day workshop is accredited by the Pensions Management Institute and is open to pension fund and their advisors. 

Program

Time Description
08:45

Login and Access Meeting

The Investment Focus 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

09:10

Rotating Investment Masterclass I: Flexible Credit: An All-weather Approach To Investing Andrew Jackson, Head of Fixed Income

Andrew Jackson, Head of Fixed Income at the international business of Federated Hermes, will discuss the benefits of taking a flexible approach when allocating to credit markets and how this can be combined with achieving your sustainability goals. Andrew will then discuss ways to navigate the current COVID-19 induced market volatility; both the dislocated credit opportunities presented for investors with a longer-term view as well as portfolio construction tools to manager near term risks. He will evaluate relative value across public and private credit markets and highlight exposures that currently present value for investors.
09:50

Questions & Comfort Break

10:05

Rotating Investment Masterclass II: Long-term Value Opening Up Across Leveraged Credit Markets Dónal Kinsella, Institutional Portfolio Manager

The first half of the year saw markets move from pricing a very benign default environment, to pricing total Armageddon from a default perspective and have settled somewhere in between. We believe that a rise in the default rate across sub-investment grade credit markets is unavoidable, but a lot of the spread widening and pain has already happened. The worst of the most aggressive “dislocation” lasted about two weeks. However, long-term value has opened up across leveraged credit markets in our opinion. With headline yields in the 5 - 7% range, we believe HY bonds and Loans should deliver attractive long-term returns from here.
10:45

Questions & Close of Investment Focus

10:50

End

Speakers

  • Andrew Jackson

    Andrew Jackson, Head of Fixed Income

    Andrew joined the international business of Federated Hermes in April 2017 as Head of Fixed Income. He is responsible for leading the strategic development of the Credit and Direct Lending investment teams, and developing a multi-asset credit offering capable of accessing all areas of the global credit markets for pension funds and other long-term institutional investors.

    Andrew joined from Cairn Capital, where he was Chief Investment Officer. In this role, Andrew was responsible for the development of the asset management business, which included designing new products and managing the investment teams, including strategy, portfolio management and research. He has managed assets across the spectrum of global credit and fixed income. He was previously vice president within the European credit structuring team at Bank of America and has held roles with Fitch Ratings and PricewaterhouseCoopers. Andrew holds a BSc degree in Mathematics & Theoretical Physics from Kings College London.

  • Dónal Kinsella, FIA, CAIA

    Dónal Kinsella,Institutional Portfolio Manager

    Dónal Kinsella is a vice president of Eaton Vance Management (International) Limited and an institutional portfolio manager for Eaton Vance’s broad suite of credit strategies, focusing on global high-yield bonds and multi-asset credit. He is responsible for client and internal communications, and insights on investment strategy and portfolio positioning. He joined Eaton Vance in 2018. Donal began his career in the investment management industry in 2010. Before joining Eaton Vance, he was a client portfolio manager at Janus Henderson Investors. Previously, he worked for Lane Clark & Peacock and Mercer Investments. Donal earned a B.S. from University College of Dublin. He holds the chartered alternative investment analyst (CAIA) designation and is a fellow of the Institute and Faculty of Actuaries.