Asset Managment Seminar - 21-22nd June 2010

21 Jun 2010, 08:00 → 22 Jun 2010, 18:00 Europe/Zurich

160/1-009 (CERN)

160/1-009

CERN

48

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Monday 21 June
- Mon 21 Jun
- 10:00
  
  Welcome Coffee
- 1
  
  Introduction
- CERN PF’s Target Return: Assumptions and Implications
  - 2
    
    A review of the risks implied by CERN Pension Fund’s target return under the current portfolio, and the key assumptions underlying the current investment strategy
- 3
  A Historical Perspective on Relative Investing
  - a) An examination of the contrast between CERN Pension Fund’s return target, which is expressed in absolute terms (5%) and the current investment approach, which is based on relative returns
- 12:30
  
  Lunch Break, Glass Box
- 4
  Introducing A Risk-Driven Investment Framework
  - a) Defining the appropriate level of risk to reach CERN PF’s target return
  - b) Implementing a dynamic process to manage risk
  - c) Overview of available tools to reduce risk while maintaining target return
  - d) How will success be measured?
  - e) Implementing ex-ante risk management
- 15:00
  
  Coffee Break
- 5
  
  Designing an Investment Process that reconciles Capital Appreciation with Capital Preservation
- 6
  Migrating from a Traditional Portfolio to a Capital Preservation Portfolio
  - a) University of Maryland’s experience migrating its endowment towards a capital preservation philosophy, as related by the Chairman of its Investment Committee
- 7
  
  Conclusion and Summary
- 8
  
  End of Day 1
- 18:30
  
  Cocktail & Dinner at Domaine de Choully, Satigny