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08:20
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Registration
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08:50
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Welcome Address
David Gagnon, Managing Director, Head of Transition Management Group, Asia Pacific, BlackRock
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09:00
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KEYNOTE ADDRESS
Martin Mannion, Director - Pensions Finance, Investments and Risk, GlaxoSmithKline & Chairman of the T-Charter
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09:40
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PRESENTATION: The Ex factor - understanding the importance of execution
- Investigating execution capabilities: what do you need to know?
- Risky business: assessing the risks of outsourcing
- Weighing up: pros and cons of each model
Joanne Sellers, Head of Business Development & Client Management, Transition Management, Asia, ConvergEx Group
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10:10
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PRESENTATION: Setting goals and getting to know your Transition Manager
- Setting objectives of your transition - is your goal to minimize cost, exit as quickly as possible or minimize risk?
- Assessing the execution quality and methods of your transition manager
- Does their business strategy and transitioning capabilities line up with your goals?
- What types of risk management systems are in place?
- What kinds of asset classes are they capable of transitioning? Can they transition multiple asset classes? Do they have particular strengths in any one class?
- What consideration should be given to credit ratings of your TM?
Kent Sutherland, Head of Equities, Victoria Funds Management Corporation (VFMC)
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10:40
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Coffee Break
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11:10
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PANEL DISCUSSION: Project runway - evaluating the various models of transition management
- Understanding the difference between Principal vs. Agency models
- What are the pros and cons of each?
- Keeping it contextual: analyzing how one model may work better with a particular portfolio, asset class or goal
- Determining a selection criteria and finding the best transition management model for you
Duncan Klein, Executive Director, Head of Transition Management Asia & Japan, J.P. Morgan
John Moore, Executive Director, Investment Services, Asia Pacific, Russell Investments
Kal Bassily, CFA, Managing Director and Head of Global Transition Management, ConvergEx Group
Wingee Sin, CAIA, CFA, Head of Sales, State Street Global Markets
Moderator: Nick McDonald, Principal, Mercer
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12:00
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PRESENTATION: Transitioning a fixed income portfolio
- Understanding the different risks inherent in a fixed income v. equity portfolio
- Do trading strategies differ according to asset class?How do you ensure the best-pricing?
- Is implementation shortfall a valid measurement of performance for fixed income transitions?
- How does the agency v. principal debate factor in to fixed income transition considerations?
Travis Bagley, Head of Fixed Income Transitions, Russell Investments
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12:30
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Lunch
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13:50
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PANEL DISCUSSION: Dressed for success - measuring the success of your transition
- The importance of Transition Management when accounting for risk and exposure management
- Measuring success: assessing execution and operational elements
- Case studies: successful transitions in Global Emerging Market Equity, Global Fixed Income and Hedge Fund of Funds
Adrian Teng, Group Treasurer, Jardine Matheson
Frank Lee, Senior Portfolio Manager, Global Investment Team, Samsung Asset Management
Kent Sutherland, Head of Equities, Victoria Funds Management Corporation (VFMC)
Moderator: Tom Wyse, Head of Pension Strategies and Transition Management, Asia Pacific, Credit Suisse
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14:40
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PRESENTATION: Is past performance (the transition manager's track record) a useful guide to future results?
- Why is this track record data so important and valuable to clients?
- Who will make sure that this track record data is accurate and honest?
- Why has the T-Charter not addressed the issues of the availability and integrity of transition managers' track records?
Rick DiMascio, Founder and CEO, Inalytics
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15:10
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Coffee Break
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15:40
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PRESENTATION: Getting cross - understanding crossing networks and relation to liquidity
- What are crossing networks?
- What is their relation to liquidity?
- What are the implications of an increasingly fragmented market to your transition?
- What are the legal/compliance/risk issues
Internal v. external crossing networks
Andy Cheung, Credit Suisse
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16:10
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PANEL DISCUSSION: The future of Transition Management
- Analyzing the role of transition management on the global vs. regional scale
- What types of investors are seeing value in transition management?
- Where is the industry developing in Asia? How rapidly?
Kal Bassily, CFA, Managing Director and Head of Global Transition Management, ConvergEx Group
Travis Bagley, Head of Fixed Income Transitions, Russell Investments
Wingee Sin, CAIA, CFA, Head of Sales, State Street Global Markets
Moderator: Martin Mannion, Director - Pensions Finance, Investments and Risk, GlaxoSmithKline & Chairman of the T-Charter
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17:00
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Closing Remarks
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17:05
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End of Forum
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