Conference programme

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Last updated: 29th September

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Channel Islands Investment Summit
Wednesday, 14th October 2009 at Hotel de France, St. Helier, Jersey

08.00 - 08.55 Registration

08.55 – 09.00 Chairman’s welcome

09.00 – 09.30 Keynote: Managing risks and making returns in the move to a low carbon economy

Government activity around the world is slowly turning the leading economies of the world away from high carbon towards a low carbon era. Or are they? The market does not seem to believe this, which leaves investors exposed should even some of these changes come through. The way to manage this is not to adopt a "wait and see; too late!" position but to actively manage this risk now through the use of incoming scenario management techniques.

Christoph Harwood, Partner, Marksman Consulting LLP

Followed by 10 minutes for Q&A.

09.45 – 10.25 Boardroom sessions 1*

10.25 – 10.40 Coffee & networking

10.45 – 11.25 Boardroom sessions 2*

11.30 – 12.10 Boardroom sessions 3*

12.10 – 13.10 Lunch & networking

13.15 – 13.45 Boardroom sessions 4*

13.50 – 14.20 Boardroom sessions 5*

14.25 – 14.55 Boardroom sessions 6*

14.55 – 15.40 Coffee & networking

* Boardroom sessions 1 to 6 will be formed of three concurrent sessions to minimise the number of attendees in each room and therefore maximise the opportunities for delegate participation.

How each of these boardroom sessions will be structured

Boardroom session 1	Legal & General Investment Management	BNY Mellon Asset Management	Legg Mason Global Asset Management
Boardroom session 2	Legg Mason Global Asset Management	Legal & General Investment Management	BNY Mellon Asset Management
Boardroom session 3	BNY Mellon Asset Management	Legg Mason Global Asset Management	Legal & General Investment Management
Boardroom session 4	Frontier Capital Management	SVM Asset Management	Iceman Capital Advisors
Boardroom session 5	Iceman Capital Advisors	Frontier Capital Management	SVM Asset Management
Boardroom session 6	SVM Asset Management	Iceman Capital Advisors	Frontier Capital Management

Topics of each boardroom session

BNY Mellon Asset Management	Is now the time for REITS? Alan Supple, European Portfolio Manager, Urdang Capital Management, a BNY Mellon Asset Management Company There is little doubt about the impact the global financial and economic crisis has had on the property market, but with signs of recovery - is now the time to invest in REITS? Urdang will discuss the outlook for REITS, where they see the opportunities and the potential pitfalls.
Frontier Capital Management	Evidence based investing: how to build optimal client portfolios Michael W. Azlen, Founder, Chief Executive Officer, Frontier Capital Management LLP Strategic asset allocation: is it responsible for 90% of portfolio return and risk? Modern portfolio theory – is it still valid after 50 years? Do 80+% of fund managers underperform the index? Theory into practice – Harvard and Yale University Funds Why should hedge funds be considered a viable asset class? Hedge fund "blow ups": LTCM, Madoff, Amaranth, Peloton Sources of hedge fund returns: beta, alpha and alternative beta Hedge fund synthetic replication
Iceman Capital Advisors	India: still a hidden gem? Ian McEvatt, Managing Director, Investment Advisor to Himalayan Fund NV, Iceman Capital Advisors Many commentators and investors favour a view of India as a drought and famine ridden, resource poor, third world country. Ian McEvatt explains the real democratic, free market environment and the economic and regulatory reforms that have enabled stimulative monetary and fiscal policies, sustaining growth at 5-6% in the teeth of a global recession. As Western economies struggle with the legacy of a debt fuelled asset bubble, India’s sustainable GDP growth can drive spectacular earnings growth, supported by the power of domestic demand.
Legal & General Investment Management	Time for recovery Richard Penny, Senior Fund Manager, Legal & General Investment Management Economic disorder and a near meltdown of the banking system, means that for many companies equity refinancing is the only viable method of generating much needed capital. Richard Penny manager of L&G UK Alpha Trust explains that for the selective and patient investor these deals can offer once in a generation opportunities for future returns.
Legg Mason Global Asset Management	How global macro views can build a credible absolute return fund? Ajay Dayal, Investment Director, Legg Mason Investment Management With international investors becoming increasingly disenchanted with the performance of their portfolios during the unprecedented turbulence of the last 18 months, they are beginning to show a greater appetite for absolute return strategies. Ajay Dayal will be discussing the role that an unconstrained global macro strategy can play in building an innovative fund solution with an absolute return and low volatility objective.
SVM Asset Management	UK equities: focusing on the under researched Neil Veitch, Investment Manager, SVM Asset Management SVM examine why it pays to focus on areas of the market that are less well researched and why they believe the market still offers further value and potential. Although the market has rallied strongly off its March lows, SVM believe that by focusing on under researched companies and undertaking thorough research investors can still enjoy the prospect of excellent returns. In summary this is a stock pickers market; where it pays to hunt off the beaten track for the best rewards.