SOFI Enabled Events

Learn more about the mallowstreet SOFI AI technology that will be present at the Indaba.

AXA Investment Managers

Premier Miton Investors

An Overlooked Piece of the UK’s Productive Finance Puzzle

In this masterclass we will examine the scope of the Government’s UK Productive Finance agenda, and explore an overlooked area, which contributes to the growth of the UK economy, yet without the liquidity constraints of private markets.

UK listed smaller companies provide more of a domestic exposure than their larger cap counterparts, benefitting local economies. The asset class also supports the health of UK capital markets, which we believe is in the best interests of the wider UK economy. This overlooked growth engine of the UK presents a striking valuation opportunity and is poised to deliver compelling returns to members over the years ahead.

About Premier Miton Investors

Premier Miton is a genuinely active investment manager providing a broad suite of funds, trusts and a portfolio management service, covering a range of asset classes that are designed to deliver suitable outcomes, such as capital growth, long term income, and wealth preservation, to meet the needs of investors. Our purpose is to actively and responsibly manage our clients’ investments for a better financial future. Our clients’ investments with us are actively managed by our different specialist investment teams, who are

empowered to employ their own proven and distinctive investment approaches, with the aim of generating good investment outcomes. Our investment strategies do not replicate any index or asset class and we seek to provide long term outperformance through active management. We aim to help our clients meet their investment goals through offering strategies that differ from others and from indices. We are a UK-based asset management group, with a strong heritage dating back to the 1980s. Premier Miton Investors was formed from the merger of Premier Asset Management Group plc and Miton Group plc in November 2019 to create Premier Miton Group plc.

In November 2023 the Group announced the acquisition of Tellworth Investments LLP (Tellworth), a leading UK equity boutique with assets of GBP£559 million under management as at 30 September 2023. Tellworth offers both long/short and long only strategies to wholesale and institutional clients, was established in 2017 by Paul Marriage and John Warren, with the support of a minority shareholder, BennBridge Hold Co Ltd. The acquisition expands Premier Miton's offering into liquid alternatives with the addition of long/short strategies and further strengthens Premier Miton's existing UK equity franchise. The business also offers strategies with potential for institutional distribution, building on Premier Miton's developing presence in that market. In July 2024, Tellworth had fully integrated onto Premier Miton’s platform following completion of the acquisition in January 2024.

Rebalance Earth

Sizewell C

Sizewell C - Investment in the Nuclear Renaissance

Sizewell C, Britain's newest nuclear power station, is under construction on the Suffolk coast. The twin-reactor plant will power 6 million homes with low-carbon electricity for at least 60 years, helping Britain reach Net Zero. As a replica of Hinkley Point C's EPR design, it offers greater efficiency and cost certainty. The UK government, the majority owner, is strongly committed to nuclear energy. In September 2023, a capital raise was launched for equity and debt under a regulated asset base funding model, offering investors guaranteed inflation-linked returns for the asset's lifetime.

About Sizewell C

Sizewell C, the power of good for Britain…

Sizewell C is the planned 3.2GW nuclear power station on the Suffolk coast and it will be a close copy of Hinkley Point C in Somerset, which is now over 60% complete. Together, these mega construction projects will spearhead the UK’s nuclear renaissance by generating zero-carbon power for up to 12 million homes for at least 60 years.

…for climate change

Once built, Sizewell C will save nine million tonnes of CO2 emissions for every year of operation, compared with 3.2GW of gas-fired generation. It could also pave the way for new low-carbon technologies such as hydrogen and Direct Air Capture (DAC), as well as future nuclear projects including small modular reactors (SMRs). Together, these will all play a vital role in the race to Net Zero.

…and for energy security

Russia’s war with Ukraine and the resulting energy crisis has highlighted the need to replace imported gas with ‘home-grown’ sources of low-carbon electricity. Sizewell C will strengthen the UK’s energy independence and help to safeguard our future energy needs while also lowering energy costs for consumers.

Using the RAB model for the first time in the nuclear industry

Sizewell C will finance the power station using a RAB funding model where risk will be shared between consumers and investors. This has the potential to significantly reduce costs for bill-payers while delivering index-linked returns to investors for the duration of the project. Capital expenditure on the project will form the ‘Regulated Asset Base’ on which a WACC is earned. This WACC is set through a competitive process for an initial period to at least the end of construction and then determined by Ofgem in 5 yearly reviews. Returns on invested capital provide revenue during construction, enabling it to pay interest on debt and a yield on equity. The construction cost risk above a Base Case is shared between investors and customers, with a Financing Cap that sets a limit for the cost overrun that must be financed by investors.

SOFI by mallowstreet

mallowstreet LGPS Indaba 2025

Important

Delegates are expected to attend the full event. We do understand that this is a time commitment in diaries. Please do let us know if you need to step away for a call/meeting and we shall adjust your personal agenda.

The mallowstreet Indaba* series continues for 2025, this time focusing on all things local government pension scheme. At this LGPS Indaba we will be exploring the challenges that LGPS' face and plotting a course to overcome these hurdles. These funds, responsible for the retirements of millions, represent a substantial market that demands due care and attention. Our comprehensive program is built to provide you with the knowledge, understanding, strategies, and connections imperative to success.

Over the course of the day you will attend a range of keynote sessions and panel discussions, hearing from renowned experts and peers who have successfully navigated the complexities of LGPS management. We'll hear their unique perspectives on emerging trends as we bring together some of the industry’s biggest influencers. Alongside this, delegates will have the chance to ask their burning questions to five industry leading asset managers through intimate Masterclass sessions led by seasoned professionals.

This event is FREE to attend for investment decision makers and their advisers.

Why Attend:

Expert Insights: Gain valuable knowledge from industry experts on the latest trends, challenges and opportunities in pensions investments.
Innovative Strategies: Discover new tools and stay at the forefront of investment decision making.
Networking Opportunities: Connect with other pension decision-makers, advisers, and industry professionals to share experiences and learnings.
Future Trends: Explore future trends in the pension industry and how to prepare for them.

*An Indaba (pronounced in-dar-bah) is an important conference held by the izinDuna (principal people) of the Zulu or Xhosa people. The term comes from a Zulu language word meaning "business" or "matter".

At mallowstreet we adhere to a principles-based approach to ensure a meaningful and respectful experience for all attendees. We believe that upholding these principles will contribute to a thriving and inclusive professional environment. Please review our Code of Conduct here: Code of Conduct

Speakers

Dawid Konotey-Ahulu CBE DL
Co-founder of mallowstreet
Dawid is a serial entrepreneur, having co-founded Redington and mallowstreet with Robert Gardner. Dawid remains involved in mallowstreet as a Board Director.
Most recently Dawid co-founded The #10000BlackInterns programme with Jonathan Sorrell (President of Capstone Investment Advisers), Michael Barrington-Hibbert (founder of Barrington-Hibbert Associates), and Wol Kolade (Managing Partner of Livingbridge), the group which founded #100BlackInterns in August 2020.
Through the #100BlackInterns initiative, leading players in the investment management industry have come together to address the chronic underrepresentation of Black talent in that sector. Since its launch, the programme has garnered extraordinary support with 200 investment management companies offering internships in the Summer of 2021 to Black students in the United Kingdom as a way of attracting a more diverse range of talent to their industry.
Following the launch of #100BlackInterns, the #10000BlackInterns initiative has been designed to help transform the horizons and prospects of young Black people in the United Kingdom. The 10,000 Black Interns programme will offer paid work experience across a wide range of sectors, providing training and development opportunities and creating a sustainable cycle of mentorship and sponsorship for the Black community.
Tony English
Head of LGPS Investment, Mercer
Tony is a Senior Investment Consultant and Head of LGPS Investment for Mercer, based in London. In addition to LGPS funds, he also advises a number of other institutional investors, including corporate pension funds and trust funds. Tony has over 25 years of investment experience, having joined Mercer in 1999. During this time, he has been involved in a wide variety of projects, including investment strategy, manager selections, private markets, ESG policies (including climate change) and pension risk transfer. Tony also regularly facilitates trustee training courses. Tony graduated with a degree in Physics from the University of Warwick in 1996. He is an Associate of the CFA Society of the UK (‘CFA UK’), holds the Certificate in ESG Investing and is a regular member of the CFA Institute. Tony also represents Mercer on the Society of Pension Professionals’ (‘SPP’) Investment Committee, SAB’s Investment Committee, and the AIMSE Europe Council.
Joe McDonnell
Cheif Investment Officer, Border to Coast Pension Partnership
Joe is currently Chief Investment Officer of Border to Coast - one of the largest LGPS pools in the UK. Previously he spent 15 years as head of portfolio solutions EMEA for Neuberger Berman and Morgan Stanley Investment Management. In these roles he was a senior portfolio manager for key strategic/OCIO mandates, Multi-Asset, Diversified Alternatives funds/mandates and structured solutions. Prior to this Joe spent 10 years in Corporate Pension Plan management as head of investments at Shell International and as Head of Fixed Income for IBM Europe Retirement plans.
Joe has a MA in Economics & Finance from the University of Sheffield and a BA in Economics & History from University College Dublin. He has been awarded the Chartered Financial Analyst designation.
Joe was a trustee director and member of the investment committee for Morgan Stanley Pension Funds (UK) from 2008 to 2018 and has been an Associate Trustee of Great Ormond Street Hospital (GOSH) since 2018.
Max Townshend
Head of Investment Strategy, LPPI
Max is Head of Investment Strategy, undertaking both advisory work and implementation of client strategic asset allocations and overlays. Max joined LPPI in 2016 from London Pensions Fund Authority, one of LPP’s founding clients, where he was an Investment Manager for liquid strategies, focusing on internal global equity management and hedge fund due diligence. Max has over 17 years investment experience; prior to working in pensions he had a background in quantitative research across FX, rates and options markets. He graduated from the University of Bristol with a degree in Aeronautical Engineering.

Program

8:30 AM Registration & Breakfast
9:00 AM Welcome Address

Dawid provides an overview of the conference, speakers, and key themes for the Indaba.

Speaker

Dawid Konotey-Ahulu CBE DL, Co-founder, mallowstreet
9:10 AM The Evolving Landscape for LGPS Investments

In this session, Tony will share his insights on how the industry is likely to evolve in the years ahead, driven by the anticipated outcomes of the Fit for the Future consultation. Drawing on his expertise, Tony will explore potential shifts, emerging trends, and strategic opportunities that could reshape the sector, providing valuable perspectives on what the future landscape may look like and how organisations can best prepare to thrive.

Speaker

Tony English, Head of LGPS Investment, Mercer
9:45 AM Session Transition
9:50 AM Investment Masterclass I

Delegates split into four Investment Masterclass sessions over the course of the Indaba.
10:35 AM Tea, Coffee, and Networking
11:00 AM Investment Masterclass II

Delegates split into four Investment Masterclass sessions over the course of the Indaba.
11:45 AM Session Transition
11:50 AM Panel: The Net Zero Implementation Challenge
Panellists:
- Paul Nevin, West Midlands Pension Fund
- Paul Guilliotti, Richmond & Wandsworth Pension Fund
- Edward Baker, LGPS Central
Speaker

Chaired by Dawid Konotey-Ahulu CBE DL, Co-founder, mallowstreet
12:25 PM Lunch & Networking
1:25 PM Investing in the UK and Private Markets

In this session Joe will examine the UK private market landscape and the opportunities available for asset owners. We will discuss the potential shift toward local investment, assessing its practicality and accessibility. The session will also explore the benefits of an unconstrained multi-asset approach and the critical role of patient capital in supporting productive investments. Sharing valuable insights into navigating private markets and optimising investment strategies in the evolving UK landscape.

Speaker

Joe McDonnell, Border to Coast Pension Partnership
2:00 PM Session Transition
2:05 PM Investment Masterclass III

Delegates split into four Investment Masterclass sessions over the course of the Indaba.
2:50 PM Tea, Coffee, and Networking
3:15 PM Investment Masterclass IV

Delegates split into four Investment Masterclass sessions over the course of the Indaba.
4:00 PM Session Transition
4:05 PM LGPS and the Appetite for Risk - Investment Model

Building on the publication of the LPPI paper titled 'LGPS and the appetite for risk - Can we smile?', this session explores the LGPS investment model. As the LGPS potentially moves further into surplus at the 2025 valuation, we will look at strategies for achieving long-term affordability while managing short-term risks to contribution volatility through the triennial valuation cycle. What are the trade-offs in Strategic Asset Allocation (SAA) construction to balance these risk horizons and aims to discuss other elements of the LGPS investment model.

Speaker

Max Townshend, Head of Investment Strategy, LPPI
4:40 PM Closing Remarks

Speaker

Dawid Konotey-Ahulu CBE DL, Co-founder, mallowstreet
4:50 PM Drinks and Networking
6:00 PM End

mallowstreet LGPS Indaba 2025

Important

Speakers

Program

8:30 AM Registration & Breakfast

9:00 AM Welcome Address

Speaker

9:10 AM The Evolving Landscape for LGPS Investments

Speaker

9:45 AM Session Transition

9:50 AM Investment Masterclass I

10:35 AM Tea, Coffee, and Networking

11:00 AM Investment Masterclass II

11:45 AM Session Transition

11:50 AM Panel: The Net Zero Implementation Challenge

Speaker

12:25 PM Lunch & Networking

1:25 PM Investing in the UK and Private Markets

Speaker

2:00 PM Session Transition

2:05 PM Investment Masterclass III

2:50 PM Tea, Coffee, and Networking

3:15 PM Investment Masterclass IV

4:00 PM Session Transition

4:05 PM LGPS and the Appetite for Risk - Investment Model

Speaker

4:40 PM Closing Remarks

Speaker

4:50 PM Drinks and Networking

6:00 PM End