|
08:00
|
Registration and morning refreshments
|
|
08:50
|
Chairman's opening remarks: Aaron Wooler, Editor, Asia Risk
|
|
09:00
|
Welcome address
|
|
09:10
|
KEYNOTE ADDRESS: T-Charter 2.0
|
|
09:40
|
PANEL DISCUSSION: Performance measurement
- What should be taken into account in measuring a transition manager's performance?
- Tools and methodologies in measuring a transition manager's success in reducing trading costs
- Is T-charter adequate to solve the problems of misuse and abuse of track records?
- Justifying implementation shortfall as a valid methodology for performance measurement
- Is there still a requirement for "traditional" transition management?
|
|
10:30
|
CASE STUDY: Transition experiences from the client's perspective
- Two large, complex, and recent transitions
- What were the clients worried about?
- With the benefit of hindsight, what should the clients have been worried about?
- What challenges faced the transition managers and how did they perform?
- What are the lessons that can be learned and applied to future transitions?
|
|
11:00
|
Coffee break
|
|
11:30
|
CASE STUDY: Algorithmic Trading-useful or...
- Understanding algos
- Understand what the algos do and the limitations they may have
- Selecting the best ones to achieve best execution
|
|
12:00
|
PANEL DISCUSSION: Managing the implementation risks inherent in transitioning investment portfolios
- How risk factors can change during periods of high volatility?
- The importance of managing market exposure
- Use of derivatives during the transition period
- The market impact vs opportunity cost dilemma
- Understanding performance slippage
|
|
12:50
|
PRESENTATION: Transitioning a multi-asset portfolio
- Which risk should be removed first? Should the asset classes be traded as one, or independently?
- Achieving effective price discovery in each asset class
- Multi-assets investment: How should a transition manager monitor market structure across the asset classes and implement trades as a result?
|
|
13:20
|
Lunch
|
|
14:20
|
CASE STUDY: Transition experience from an investor's view
- When and where investor sees value from transition management?
- What level of transparency should investors expect from transition managers?
- The cost of switching investment managers
|
|
14:50
|
PRESENTATION: Uncovering unexpected cost
- Identifying the sources and impact of implicit costs
- Exposing the implicit costs in execution
- How can implicit costs be uncovered and managed?
- Looking at transparency around fees and pricing
|
|
15:20
|
PRESENTATION: Pre and Post transition and measuring the success of your transition
- How is a portfolio traded and what are the tools used
- How to highlight risks in pre trade
- Implementation strategies for pre trade
- Identifying risks in pre trade
- How does the transition manager react to unexpected events during a transition? Events like liquidity drying up etc
- How to measure the success of a transition: Was it effective?
- What investors should look for in post trade analysis
- Understanding how your transition manager operated
|
|
15:50
|
Coffee Break
|
|
16:20
|
PRESENTATION: Managing risks and opportunities in a fixed income transition
- How to reduce risk when transitioning fixed income assets?
- How do transition managers achieve price discovery with fixed income assets?
- What are the key challenges investors facing when transitioning fixed income?
- Transparency on costs, price, process
|
|
16.50
|
PANEL DISCUSSION: The future of transition management
- What investors need to understand and know about the change and development of transition management?
- What added values can transition managers offer to investors?
|
|
17:30
|
Closing Remarks
|
|
17:40
|
Drinks reception
|
Book Now
