The mallowstreet Credit Drive In

In the hunt for yield, the vast majority of UK pension funds have steadily increased their allocation to credit.  Indeed, by the end of Q1 2014, cumulative flows into credit funds in Europe topped USD20bn. In response, the asset manager community have launched a plethora of products and solutions which encompasses the full spectrum of the credit markets, along with an increased number of infrastructure and emerging market debt funds.

However, the credit cycle creates significant dispersion of returns between various types of credit on offer, and many schemes are now reviewing their overall credit portfolio.

As government bond yields begin to rise across the curve, mallowstreet has gathered together a group of fixed income specialists to review some of the recent developments in both the credit and debt markets and explore their key features.

This half day seminar kicks off with a macro overview of the credit markets followed by an in-depth look at three “on trend” credit opportunities, namely multi-asset credit, high yield credit and emerging market debt.  We then round off the morning with a diverse panel of consultants and pension funds who will share their experiences of investing in and reviewing this asset class.

This is a FREE event for pension decision makers and their advisors.  Places for this event are strictly limited so please register your attendance to avoid disappointment.

Speakers

Click on the images below to learn more about the speakers

Program

  1. Registration and Breakfast

  2. Welcome Address and Introductions

  3. The Economy: A Macro Update

    Saker Nusseibeh, CEO of Hermes Investment Managers, explains the dynamics of the current economic environment and the outlook for 2015.

  4. Rotating Workshop I: Emerging Market Debt (Allianz Global Investors)

    With the emerging world contributing 42% of actual global output (or 50% on a PPP basis) – and rising steadily over coming years, Emerging Market Debt is simply too big to ignore. Greg Saichin examines the opportunities in these markets.

  5. Rotating Workshop II: High Yield (MacKay Shields)

    Valuations in the high yield markets have attracted keen investor and media attention this year, both in the US and globally. Dan Roberts will discuss the opportunities and challenges facing high yield investors today within the context of the current global macro environment.

  6. Rotating Workshop III: Multi-Asset Credit (Stone Harbor)

    David Scott will describe how the structural changes that we have seen across credit markets in recent years may be long-lasting, if not permanent. Both sovereign and corporate credit bonds now span across a much tighter range of credit rating profiles, with important implications for volatility, correlations and investment opportunities.

  7. Panel Discussion

    Chaired by Dawid Konotey-Ahulu, a selection of questions from the audience (and from mallowstreet.com) put to a diverse panel of decision makers: Richard Field | Aviva Staff Pension Scheme, Mark Hedges | Nationwide Pension Fund, Tolu Osekita | Northamptonshire & Cambridgeshire Pension Funds, and Inder Dhingra | Law Debenture

  8. Closing Remarks

    A selection of questions from the audience (and from mallowstreet.com) based on the morning’s discussions.

  9. Buffet Lunch and Networking

  10. End