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0900 | Registration and refreshments |
0940 | Chair's welcome As chair of CFDG and a recent graduate of Judge Business School’s Endowment Asset Management Programme, Roger brings a wealth of knowledge to the chairmanship of the day. His recently announced plans to establish a new entity based on the US Commonfund Institute defines him as a leading figure of influence and knowledge in this area. He is also a committee member of the Charity Investors Group, a forum for investment debate. Roger Chester |
0945 | Asset allocation: defining the shape of your portfolio The way your portfolio is balanced between the major types of investment asset – equities, bonds, property and so on – has much more impact on results than the detail of which securities you hold within each asset class. This session outlines how to ensure that your overall investment strategy reflects your organisation’s financial objectives and risk priorities. Heather Lamont |
1020 | Inflation: a passing phase or a real threat to your endowment? Given the inflationary outlook, how can charities seek to protect the real value of their assets? Will the traditional equity biased portfolio prove effective should inflationary pressures persist? Are traditional benchmarks equipped to protect charitable funds in this changing environment or is it time to consider a more flexible approach to asset allocation? Dr Peter Warburton Christopher Queree |
1055 | Coffee break |
1130 | Managing fixed interest investments in challenging times This session explains the crucial role of fixed income in charity portfolios and examines the range of current difficulties and opportunities presented in managing fixed income investments. Paul Brain Ian Enslin |
1205 | Emerging markets Investing in emerging markets has traditionally been seen as high-risk. However, these regions represent an increasing proportion of the world’s GDP and consumption as well as almost four fifths of the world’s population and three quarters of its land mass. But the route to invest is not obvious. Exchange Traded Funds are convenient and cheap, but offer exposure to only the largest most liquid companies. So how best to solve the conundrum and gain access to these burgeoning economies? Henry Boucher |
1240 | Lunch |
1410 | Investing in a Lower Growth World Many Western economies are facing a potentially prolonged period of slower trend growth, shorter economic cycles and increased financial instability. Against this backdrop, producing satisfactory investment returns has become more challenging. How should we be adapting the traditional investment model to accommodate this new economic order? Richard Jeffrey |
1445 | The behavioural science of group decision making: making tough decisions better Many boards of trustees are faced with balancing the desire for maximum immediate impact through disbursements with an imperative for long-term financial survival. With every individual’s decisions subject to personality traits and cognitive bias, this session looks at how behavioural finance can be brought to bear on group decision-making to improve the quality of these far-reaching choices. Greg Davies |
1520 | Coffee break |
1540 | To segregate or to aggregate Set within the context of the history of charity investing, this session provides a complete analysis of the issues which trustees, treasurers and finance directors need to consider when deciding whether to maintain a segregated approach for their portfolios or to invest in pooled vehicles constructed specifically for the purpose. Louisa Vincent |
1615 | Close |
