Stream A: How Two SWFs Collaborated to Invest in Private Equity
Private equity has been drawing huge inflows from government funds over recent years, to the extent that the amount of “dry powder” in the industry, estimated at $1trillion+, has hit record levels. Now investors are concerned about how this capital will be deployed, especially in a tough global environment that seems to be changing on a daily basis. In this workshop, two leading sovereign wealth funds will outline how they partnered to co-invest in private equity. Following the case study, our experts will share their views on trends in private equity today and how capital is being deployed, including through direct- and co-investment channels.
Instigator: Kip McDaniel, Chief Content Officer & Group Editorial Director, Institutional Investor, New York
Vicki Kerrigan, UK Leader of Industry for Private Equity and Sovereign Investment Funds, PricewaterhouseCoopers, London
SWF Speakers to be announced
Stream B: Emerging Markets Fared Poorly in 2018: Can they Turn the Corner in 2019?
While western economies face a wave of opposition against globalization, emerging markets are bulwark of internationalism and outward looking development models, relying on trade as an engine for growth. Today, EM economies make up a much larger share of global trade and investment than in the past, but can they continue to provide a steady source of dynamism and global growth, as well as attractive opportunities for investors, in the face of rising tariffs and protectionism? How will EM adapt to this new world order? How should asset allocators approach EM investing given this backdrop? Which countries and investment strategies are most attractive in the current environment?
Instigator: Harvey Shapiro, Senior Advisor, Institutional Investor, New York
Michael Rosborough, Investment Director, CalPERS, Sacramento
Luiz Claudio Levy Cardoso, Chief Investment Officer, Nucleos Instituto de Seguridade Social, Rio de Janeiro
Andrew Ness, Portfolio Manager, Franklin Templeton Emerging Markets Equity, Franklin Templeton Investments
Speakers to be announced
Stream C: Smart Beta and Factor-Based Investing: Alpha Generator or Systematic Risk?
Smart beta and factor-based investing strategies continue to grow in popularity among state-owned allocators. Attractive risk management features and low-cost structures are just a few reasons for the increased level of interest, but what about the challenges? Are there potential pitfalls that investors should be aware of? Which factors are likely to be most attractive for sovereign fund investors going forward, especially in a global environment where the rules of the game are changing?
Instigator: Scott E. Kalb, Chairman, Sovereign Investor Institute, Greenwich
Vis Nayar, Deputy Chief Investment Officer, Equities, HSBC Global Asset Management, London
Further speakers to be announced