CERN PF’s Target Return: Assumptions and Implications
11:00
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 strategy45m
11:45
→
12:30
A Historical Perspective on Relative Investing45m
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 returns15m
12:30
→
13:45
Lunch Break, Glass Box
1h 15m
13:45
→
15:00
Introducing A Risk-Driven Investment Framework1h 15m
Defining the appropriate level of risk to reach CERN PF’s target return15m
Implementing a dynamic process to manage risk15m
Overview of available tools to reduce risk while maintaining target return15m
How will success be measured?15m
Implementing ex-ante risk management15m
15:00
→
15:15
Coffee Break
15m
15:15
→
16:15
Designing an Investment Process that reconciles Capital Appreciation with Capital Preservation1h
16:15
→
17:00
Migrating from a Traditional Portfolio to a Capital Preservation Portfolio45m
University of Maryland’s experience migrating its endowment towards a capital preservation philosophy, as related by the Chairman of its Investment Committee15m
17:00
→
17:20
Conclusion and Summary20m
17:20
→
17:40
End of Day 120m
18:30
→
19:30
Cocktail & Dinner at Domaine de Choully, Satigny
1h
