DPM PEER-TO-PEER CONNECT SERIES, SINGAPORE 2015

Date: December 1, 2015
Time: 9:00am - 1:10pm followed by luncheon and announcement of dataset conclusions
Venue: The Fullerton Hotel, Singapore

Asian Private Banker will hold its inaugural DPM-exclusive event on December 1, 2015, bringing together Asia's heads of discretionary portfolio management for a sharing session on understanding what does DPM means to and for Asian clients, in addition to other pressing matters facing the world of DPM.

The Discretionary Portfolio Manager Peer-to-peer Connect Series will consist of three 45-minute sessions followed by a leaders conversation panel with the senior heads of DPM at the leading private banks in the region. The morning is aimed to address issues specific to the DPM community in Asia, how discretionary management has disrupted private banking in the region, and how Asian wealth is being affected due to growth in DPM penetration.

The data collected and the initial conclusions of the morning will be shared during the networking luncheon which will provide a series of unique insights into the DPM world.

Leaders Conversation Panel

The income conundrum for discretionary managers
As volatility picks up and sentiments in the Asian market moderated, discretionary managers are observing an accelerated rate of inflows into a variety of standard, thematic and tailor-made mandates. Yield remains as the dominant component of the portfolio that has played a central role in dialogue with bankers and end-clients as the successful single-bond picking days are well behind us. Simultaneously, private banks are grappling with Asian clients’ inability to stomach drawdowns as poor volatility management leads to fairly swift redemptions. How are discretionary managers generating income for clients?

Moderator: Richard Otsuki, Senior Reporter, Asian Private Banker

Conversation Catalysts:

• Garth Bregman, Head of Discretionary Portfolio Management, Asia, BNP Paribas Wealth Management
  
• Wei Mei Tan, Head of Portfolio Solutions Asia Pacific, Credit Suisse
• Tuan Huynh, Regional Head of Portfolio Management, APAC, Deutsche Asset & Wealth Management
• Yves Bogni, Head, Program Management Office, Investment Management, APAC, UBS Wealth Management

Breakout Roundtable Topics

Macro and FX exposures and their application in DPM Mandates (hosted by Citi)
Exposure to FX has historically been very transactional in nature. Surely there are enhanced ways to concentrate on asset allocation and extract alpha?

A recent innovation sees DPM and Family Office investors gaining exposure to the opportunities for returns generated by active FX/Macro managers through investments which promote transparency and the flexibility of daily liquidity. This is a new way to gain exposure to up to 40 hedge fund managers in a more efficient, investor-friendly way. The hedge fund managers on the platform bring strong G7/G10 currency spot and option trading experience generating alpha through their trading activities and Citi provides a platform which facilitates liquidity. This means that DPMs can concentrate on allocation towards and between funds and serving their clients. Further, these exposures can be overlaid with optionality or leverage to tailor the investment return and risk.

Moderator: Bernard Wai, Managing Director - APAC Head of Private Client Solutions, Citi

Asset allocation for DPM mandates – Investing in the Age of the Central Banker (hosted by Hermes Investment Management)
Central bankers have always played a pivotal role in shaping the thinking of market participants. However, it was only with the onset of the Global Financial Crisis in 2008 that central bankers have come to dominate our lives (and portfolios) through the introduction of Quantitative Easing and other “emergency”, “extraordinary” and “unconventional” monetary policies. Such policies have led directly to coercion to invest in ever-riskier assets, and the hunt for yield has driven valuations across nearly every asset category to historically elevated levels. How should DPMs build portfolios and asset allocate effectively in such an environment? Andrew Parry will discuss why we should embrace diversification and a patient mindset in the face of uncertainty, and will demonstrate how, by envisioning assets as ‘building blocks of risk and return’, DPMs can achieve an asset allocation ready for the realities of the Age of the Central Banker.

Moderator: Andrew Parry, Head of Equities, Hermes Investment Management

High yield floating rate bonds – a new tool for a rising rate environment (hosted by M&G Investments)
Now more than ever, investors are bracing themselves for the first rate hikes in many years in the developed world. This will create headwinds for traditional bond investors and, today, Jeik introduces a unique instrument, the high yield floating rate bond, which can overcome these headwinds and actually benefit from rate hikes. The session will also compare this instrument to alternate solutions to the rate tightening quandary.

Moderator: Jeik Sohn, Investment Director, M&G Investments