Strategies Conference 2021 - The end justifies the means!

Portfolio construction is only “successful” when it helps clients achieve their financial goals. Yet delivering on those goals - be it financial independence or, at the very least, a reasonable standard of living in retirement - is more challenging than ever.

The vast fiscal and monetary responses to Covid-19 helped stabilise economies and boost asset prices, but did little to aid long-term investors - arguably, they have undermined the prospects for long-term investment portfolios. We find ourselves in an environment of historically high asset prices and heightened uncertainty about the path of inflation and the pandemic itself - while also grappling with complexities that pre-date the crisis, including ultra-low interest rates, technological disruption, and geopolitical tension which increase market risk further. We need to be open-minded to contemporary, emerging and non-traditional portfolio construction theories, techniques and tools, to maximise the likelihood of meeting client goals in the years ahead. The end justifies the means!

The 20th annual Strategies Conference will challenge and refresh your portfolio construction thinking, as we debate strategies to help build better quality investor portfolios capable of achieving client goals out into the future.

We’d welcome you joining us - live in-studio, as part of a group at a live site, or via livestream!. Our full hybrid model ensures the “show will go on” whatever the Covid circumstances!  Register now!

Graham Rich
Dean, Portfolio Construction Forum

Overview  Where;  When;  Aim;  Most suited to;  CE/CPD;  Cost

What about Covid? The show will go on!

About the program  Introduction;  Theme;  Meet the Faculty!

Register now  Registration options;  Terms and conditions

Overview

Where:  Join us live in-studio, as part of a group at a live site, or via livestream

Like Markets Summit in early March, Strategies Conference 2021 is a full “hybrid” program. What’s “hybrid”? Essentially, it means flexible i.e. you choose how and where it best suits you to participate:

1. join us live in-studio in Sydney
Mix and network with Faculty and fellow delegates by joining us at our iTV studio at the University of New South Wales campus (limit 210).

2. attend with a group that gets together at a live site
Organise a group of your colleagues, or accept an invitation to join a group organised by one of our Faculty Partners, and attend the live broadcast together at an offsite location (e.g. boardroom or hotel meeting room). We had many groups do this around Australia for Markets Summit 2021 and it works really well - you can enjoy the continuing education, camaraderie and networking without having to travel.

  • If you wish to facilitate a group, please contact us.

3. attend via the livestream on your own from the comfort of your desk
This is a very popular option with our members in boutique firms and/or more remote locations (and the backup for any delegate who finds themselves caught up in a snap lockdown, or personal emergency, at the last minute).

What about Covid? The show will go on!

Our full hybrid model means that if needed, we can move to virtual delivery for some or all of Strategies Conference 2021 immediately - for some or all delegates, depending on the circumstances. We’re very comfortable that our hybrid model is robust and sustainable - so you can register with confidence!

  • Obviously, “plan A” is that everyone gets to attend according to their first preference i.e. how they registered – be that live in-studio (i.e. at Roundhouse UNSW), at a hosted live site in their own city, or via livestream from their desk.

  • But, if any part of Australia (or NZ or Asia - we have delegates in both) goes into lockdown, or borders close, making attendance live in-studio or at a hosted live site impossible, you seamlessly transition to attending via livestream from your own desk. This is because every delegate has access to the livestream even if registered to attend in-studio or at a hosted live site. We send everyone livestream access details the week prior, just in case.

  • It’s already been tested and worked perfectly. The day prior to Markets Summit 2021 in March, Auckland went into a snap lockdown for 3 days and the delegates there who had been going to attend at a hosted live site already had their details to attend via livestream. We just messaged them all to remind them of that. They were thrilled not to miss out.

  • Airlines/hotels give full refunds for airfares/accommodation that have to be cancelled due to Covid travel restrictions. And if you’ve paid to attend live in-studio, we’ll transition you to livestream and refund the difference in registration fee to you.

  • Finally, as an Education Provider (an essential service), and because we broadcast from UNSW, even if Sydney is in full lockdown, we are able to broadcast from in-studio.

When:  AEST Wednesday 25 August & Thursday 26 August 2021

Attending live in-studio?

  • Where:  Roundhouse, University of New South Wales, Anzac Parade, Kensington, Sydney

Wednesday 25 August 2021

  • Arrive:  AEST 7.15am-8.00am to check in. Take your seat by 8.10am and enjoy the pre-opening from 8.15am
  • Starts/Ends:  AEST 8:30am sharp / AEST 5:30pm followed by a relaxed Networking Reception to 7.00pm.

Thursday 26 August 2021

  • Arrive:  by AEST 8.10am-8.20am and take your seat in the studio.
  • Starts/Ends:  AEST 8:30am sharp / AEST 5:30pm followed by Networking Drinks to 6.30pm

Attending via livestream - as part of a group at a live site or at your desk?

  • Where:  Right here on portfolioconstructionforum.edu.au - we’ll send you a link that’s unique to you

Wednesday 25 August & Thursday 26 August 2021

  • Arrive:  AEST 8:10am-8:30am and enjoy the pre-opening from 8:15am
  • Starts/Ends:  AEST 8:30am sharp / AEST 5:30pm

Aim

Strategies Conference will challenge and refresh your portfolio construction thinking, as we debate contemporary and emerging portfolio construction strategies to help you build better quality investor portfolios capable of achieving client goals out into the future.

Most suited to:  Portfolio construction practitioners

Strategies Conference 2021 is relevant to anyone involved in designing and implementing portfolios for investors.

It is essential for portfolio construction Practitioners, by whom we mean those whose primary day-to-day role is focussed within the spectrum of issues involved in designing and building investment portfolios using (but not necessarily limited to) managed funds from a range of firms:

  • investment advisers, researchers/analysts and portfolio managers from private wealth management companies;
  • fund analysts and asset consultants from fund research and fund investment consulting firms;
  • fund researchers/analysts and portfolio managers from multi-manager funds management, superannuation, and investment platform companies; and,
  • investment professionals managing private investment funds (e.g. private corporate super funds, endowment funds, government departments, universities, etc.)

We also recognise and respect the invaluable role of Advocates and welcome them attending, too.

CE/CPD Accreditation:  12 to 20 hours

By attending the live program (live in-studio or livestream) in full, you earn 12 CE hours - and after the program, you can earn a further 8 CE hours by “attending” (online on-demand) the Special Interests Forum (elective) sessions you don’t catch at the live program.

CE hours earned can be used to help meet the CE/CPD requirements of 20 governing bodies (regulators, associations and institutes) - including ASIC, APRA, FASEA, FMA, AFA, FPA and CIMA® CE/CPD requirements, to name just a few.

Cost (Practitioners):  Live in-studio A$995+GST / Livestream A$395+GST

Strategies Conference 2021 is exceptional value for money for Practitioners, as defined below. Of course, the registration fee differs for attending live in-studio vs livestream.

We also welcome Advocates attending and have a range of registration options available. For more information, please contact us.

About the program

Established in 2002, Strategies Conference has earned a reputation as THE portfolio construction strategies conference of the year. The program is designed and curated by our specialist, experienced and independent team and features an exceptional Faculty of 40+ leading investment thinkers - portfolio managers, CIOs, senior investment analysts, investment strategists, economists, independent consultants and practitioners - from around the world. Each offers his/her best, high conviction ideas around contemporary and emerging portfolio constructions issues and strategies, in the context of the program theme, “The end justifies the means!”.

Knowledge Domain:  Strategies

The Forum’s subject matter focus is on five Knowledge Domains – Philosophy, Markets, Strategies, Investing and Finology. As its name implies, Strategies Conference is focussed primarily on our “Strategies” knowledge domain.

Strategies - designing robust investment strategies to meet defined objectives
By applying a robust portfolio construction philosophy and in-depth knowledge of investment markets and theory, practitioners can design quality investment portfolios - including setting objectives, asset allocation, currency management, risk management, selecting and blending specific investments, and analysing the resulting portfolios - capable of meeting investors’ long-term objectives, in both accumulation and decumulation.

Theme:  The end justifies the means!

Portfolio construction is only “successful” when it helps clients achieve their financial goals. Yet delivering on those goals - be it financial independence or, at the very least, a reasonable standard of living in retirement - is more challenging than ever.

The vast fiscal and monetary responses to Covid-19 helped stabilise economies and boost asset prices, but did little to aid long-term investors - arguably, they have undermined the prospects for long-term investment portfolios. Portfolio construction practitioners find themselves in an environment of historically high asset prices and heightened uncertainty about the path of inflation and the pandemic itself - while also grappling with complexities that pre-date the crisis, including ultra-low interest rates, technological disruption, and geopolitical tension which increase market risk further.

All investing is driven by a guiding purpose, be it specific or general. And while discussion of portfolio construction often focuses on the technical aspects of the task, it is crucial that practitioners keep the overarching objective in mind. Since its foundation in 2002, Portfolio Construction Forum has expressed a core belief that multi-asset portfolios serve one overarching, vitally important purpose - to enhance the financial wellbeing of individuals and society.

Of course, end goals vary substantially from client to client. Once the goal has been set, practitioners must select a blend of investment strategies and asset classes capable of meeting it. Decisions must be made to achieve the goal, constrained by investment policy, as well as the client’s and practitioner’s belief sets and ethical frameworks. In short, the end justifies the means!

Since the start of the Covid-19 pandemic, practitioners have been forced to navigate an environment in which policymakers embraced a similar “end justifies the means” ethos. Financial markets - already warped by more than a decade of central bank intervention - were boosted to fresh all-time highs, as western governments collectively pumped trillions of dollars into economies. While elevated asset prices benefit portfolios in the short run, they raise the likelihood that returns will be harder to achieve over the long-run - a clear case of the means threatening the end!

Meanwhile, “big government” seems to be here to stay. The trend was evident at this year’s G7 gathering, where leaders of the wealthiest democracies committed to “build back better”. Participants agreed that the post-war, globalised economic system had raised living standards, but also that “harmful market distortions” and fragilities had arisen, even before the pandemic. As such, the G7 pledged to work towards fostering a more secure, green and inclusive economic system, through improved governance and risk management.

Rising government interventionism, coupled with the commitment of central banks to loose monetary policy, raises a significant risk for practitioners seeking to help clients meet their goals - problematic inflation. Traditional 60/40 strategies served investors well over the past four decades, as falling interest rates boosted the prices of equities and bonds. But traditional approaches would be ill-equipped to meet client objectives in a rising rate environment.

Practitioners will need to use a broader array of non-traditional strategies, and be open-minded to contemporary, emerging and non-traditional portfolio construction theories, techniques and tools, in order to maximise the likelihood of meeting client goals in the years ahead. The end justifies the means!

The 20th annual Strategies Conference will challenge and refresh your portfolio construction thinking, as we debate strategies to help build better quality investor portfolios capable of achieving client goals out into the future.

Program structure

Like all our blended live and online continuing education programs, Strategies Conference is an integrated learning program with preparation, participation and review.

Before - Prepare

To maximise learning, you are provided with pre-reading aimed at boosting your knowledge and getting you thinking about the issues to be addressed in the program. The preparation is assumed prior knowledge.

During - Participate

The two-day program is designed and curated by our specialist, experienced and independent team. It is comprised of the 10-hour Critical Issues Forum (plenary) program and 2.5-hour Special Interests Forum (elective) program. In these, our Faculty of 40+ leading investment thinkers from around the world - portfolio managers, CIOs, senior investment analysts, investment strategists, economists, independent consultants and practitioners - offer their best high conviction ideas on contemporary and emerging portfolio construction issues and strategies, in the context of the program theme, “The end justifies the means!”

Strategies Conference is not just a talk-fest. You are challenged to decide whether you agree or disagree with each high conviction thesis presented, which ones you’ll investigate further, and which you’ll put into practice when building investor portfolios.

After - Review

After the live program, your learning continues. All the presentations are available for on-demand viewing – a page per presentation featuring the sync’d video and slides, podcast, presentation slides and paper(s). You can revisit the sessions you attended, “attend” the Special Interests Forum (elective) sessions you didn’t catch at the live program (and earn further CE hours), and review your key takeouts and the portfolio construction implications to determine actions to take to build better quality investor portfolios.

Meet the Faculty

The program is designed and curated by our specialist, experienced and independent team and features a Faculty of 40+ leading investment thinkers - portfolio managers, CIOs, senior investment analysts, investment strategists, economists, independent consultants and practitioners - from around the world. Each offers his/her best, high conviction idea on contemporary and emerging portfolio constructions issues and strategies, in the context of the program theme, “The end justifies the means!”

Raghuram Rajan

Raghuram Rajan, PhD, Professor of Finance, The University of Chicago Booth School of Business (Chicago)
Raghuram is the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth. He was the 23rd Governor of the Reserve Bank of India from 2013 to 2016, and Chief Economist and Director of Research at the International Monetary Fund from 2003 to 2006. Raghuram has written several books including The Third Pillar: How the State and Markets are leaving Communities Behind and Fault Lines: How Hidden Fractures Still Threaten the World Economy, for which he was awarded the Financial Times-Goldman Sachs prize for best business book in 2010. He is a member of the Group of Thirty, an independent global body of economic and financial leaders from the public and private sectors and academia. In 2003, the American Finance Association awarded Raghuram the inaugural Fischer Black Prize for the best finance researcher under the age of 40. He earned his PhD from the Massachusetts Institute of Technology Sloan School of Management.

Magatte Wade

Magatte Wade, Founder & CEO, Skin is Skin (Austin)
Magatte is passionate about “conscious capitalism”. She is a serial entrepreneur, inspirational speaker, and visionary business leader with a passion for creating positive change in Africa. She was born in Senegal, educated in France, and launched her career in San Francisco. She is fluent in and conducts business in Wolof, French and English. Magatte’s current product line, manufactured in Senegal, is Skin is Skin, a lip balm dedicated to reducing racial discrimination. Magatte has spoken at dozens of universities including Harvard, Yale, Columbia, MIT, Wharton, Cornell and Brown as well as at global conferences on innovation and economic development. She writes for the Huffington Post, Barron’s, and the UK Guardian. Magatte is a Young Global Leader with the World Economic Forum at Davos and was named one of the “Twenty Young Power Women of Africa” by Forbes US in 2011.

Tony Davidow

Tony Davidow, CIMA®, President & Founder, T. Davidow Consulting (New York)
Tony leverages his diverse experiences to deliver research and analysis to sophisticated advisors, asset managers and wealthy families. Prior to founding T. Davidow Consulting, he was Alternative Beta & Asset Allocation Strategist at the Schwab Center for Financial Research, where he served as subject matter expert on asset allocation and portfolio construction, smart beta strategies and alternative investments. Previously, he was MD, Portfolio Strategist, and Head of the Guggenheim Knowledge Center, and Head of Distribution at IndexIQ, a provider of hedge fund replication strategies. Tony holds a BBA degree in Finance and Investments from Bernard M. Baruch College, and has earned the Certified Investment Management Analyst (CIMA®) designation.

Pippa Malmgren

Pippa Malmgren, PhD, Partner & Senior Advisor, Monaco Foundry (London)
Pippa is an economist and an award-winning author who served President GW Bush in the White House and on the National Economic Council. She is a bestselling author and a popular public speaker on policy, tech and geopolitics, and combines her interest in the economy, technology, and geopolitics to found tech companies and to advise investors and policymakers. Pippa is a partner of The Monaco Foundry, a startup incubator, a Senior Advisor to Avonhurst, a solutions-oriented legal and consulting firm, and co-founded a firm in the drone space that won a 2020 CogX award and the 2020 National Technology Award. Pippa is Chairman of The British Standars Institute’s subcommittee on Drone Manufacturing Standards, and Chairman of Datifly which advises on the drone industry. She occasionally lectures at Sandhurst, Duke GEMBA, INSEAD, U Texas Austin and elsewhere. Pippa holds a PhD in International Relations & Political Economy from London School of Economics and Political Science.

Plus another 40+ leading investment thinkers from around the world - portfolio managers, CIOs, senior investment analysts, investment strategists, economists, independent consultants and practitioners…

The full program will be available in early August. Meanwhile, check out Strategies Conference 2020 on-demand

Register now

By registering for Portfolio Construction Forum Strategies Conference 2021 (the “Program”), you agree you have read, understood and agree to be bound by our Portfolio Construction Forum Program Terms and Conditions, including but not limited to the CE and Cancellations terms, and the following registration inclusions:

  • Live in-studio registration includes:  one individual attending the Program on AEST Wednesday 25 August and Thursday 26 August, as part of the studio audience at UNSW, including morning tea, lunch, afternoon tea and networking drinks on both days, as well as online on-demand access to the Program webcasts published after the program. Any costs related to attending the program including but not limited to travel, accommodation, and parking are not included. The registration fee is A$ ex-GST per person. If Covid travel restrictions prevent you attending live in-studio, your registration will be seamlessly transferred to livestream registration and the different in registration fee will be refunded back to the card used to pay when registering.

  • Livestream registration includes:  one individual attending the Program via livestream on portfolioconstructionforum.edu.au on Wednesday 25 August and Thursday 26 August, as well as online on-demand access to the Program webcasts published after the program. Any costs related to attending the Program, including but not limited to an adequate internet connection and screen to watch the livestream are not included. The registration fee is A$ ex-GST per person.

Practitioner registration options

Before registering using these links, please check whether you meet our Practitioner definition below.

Advocate registration options

We also welcome Advocates attending and have a range of registration options available. For more information, please contact us.

Are you a Practitioner or Advocate?

Practitioners

Practitioners are those whose primary day-to-day role is focussed within the spectrum of issues involved in designing and building investment portfolios using (but not necessarily limited to) managed funds from a range of firms, whether institutional or wholesale, including:

  • investment advisers, researchers/analysts and portfolio managers from private wealth management companies;
  • fund analysts and asset consultants from fund research and fund investment consulting firms;
  • fund researchers/analysts and portfolio managers from multi-manager funds management, superannuation, and investment platform companies; and,
  • investment professionals managing private investment funds (e.g. private corporate super funds, endowment funds, government departments, universities, etc.)

Advocates

If our Practitioner definition (above) doesn’t describe your primary day-to-day role, then you’re an Advocate. Advocates include business and non-investment professionals from any firm. We recognise and respect the invaluable role of Advocates and welcome them attending, too. However to retain a primary focus on Practitioners, we tightly manage to a 5:1 ratio of Practitioners to Advocates attending the live online program.