High Conviction: 2019 Investment Ideas & Themes
This event is free to attend and qualifies for CPT/CPD points.
|1pm – 1:30pm||Registration|
|1:30pm – 2:15pm||Leaders Conversation Panel 1
Sebastian Enberg, Editor, Asian Private Banker
|2:15pm – 2:45pm||Workshop Rotation|
|2:45pm – 3:15pm||Workshop Rotation|
|3:15pm – 3:45pm||Workshop Rotation|
|3:45pm – 4:15pm||Workshop Rotation|
|4:15pm – 5:00pm||Leaders Conversation Panel 2|
|5:00pm-6:00pm||Champagne Reception & Networking|
Panel and Workshop Topic Details
CIO panel | A sobering 2018: Positioning Asian client portfolios for 2019
Global investors entered 2018 with high hopes for a moderated repeat of 2017 only to be disappointed by a false start. The US-China trade tensions elevated from what was viewed early on as an inconsequential spat to a conflict with potentially substantial consequences to the economy and earnings. In Asia, investor euphoria from 2017 was short-lived and greater allocations to cash and alternatives are indicative of dented sentiment.
How will the trade war play out in 2019 and what will be its impact on global markets? How will inflation, rates and the US dollar move? What are private banks advising clients to do next year, both in terms of long-term positioning, short-term trading and income generation? How are clients expected to respond given the current environment?
Moderator: Richard Otsuki, Deputy Editor & Head of Investment Coverage, Asian Private Banker
Fund Selector Panel | Long-only only not enough: Seeking low beta, uncorrelated returns
Traditional long-only assets faced market headwinds all year long as private banks sought to steer clients away from short-termism into more long-term holdings to exploit secular trends, illiquidity premiums and general diversification benefits. In an environment less conducive for broad, standard long-only exposure, fund houses may be challenged to provide new exposures, themes and strategies better fit for presently moderated sentiment. Meanwhile, internal asset management arms, alternatives providers and investment banks are further encroaching on the traditional third party fund house territory to fill demand outside of standard asset allocation building blocks.
What were some of the standout fundraisings within alternatives in Asia this year? What common private market themes or strategies resonated with clients? Have liquid alternatives proven themselves as viable options for hedge fund exposure? Is there still inflow potential for Asian HNWIs amongst liquid, long-only strategies? Will fund selectors continue actively consolidating client fund assets with unconstrained managers given current market conditions?
Moderator: Charlene Cong, Senior Reporter, Asian Private Banker