Asset Managment Seminar - 21-22nd June 2010

160/1-009 (CERN)



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  • Monday, June 21
    • 10:00 AM 10:30 AM
      Welcome Coffee 30m
    • 10:30 AM 11:00 AM
      Introduction 30m
    • 11:00 AM 11:45 AM
      CERN PF’s Target Return: Assumptions and Implications
      • 11:00 AM
        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 45m
    • 11:45 AM 12:30 PM
      A Historical Perspective on Relative Investing 45m
      • 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 15m
    • 12:30 PM 1:45 PM
      Lunch Break, Glass Box 1h 15m
    • 1:45 PM 3:00 PM
      Introducing A Risk-Driven Investment Framework 1h 15m
      • Defining the appropriate level of risk to reach CERN PF’s target return 15m
      • Implementing a dynamic process to manage risk 15m
      • Overview of available tools to reduce risk while maintaining target return 15m
      • How will success be measured? 15m
      • Implementing ex-ante risk management 15m
    • 3:00 PM 3:15 PM
      Coffee Break 15m
    • 3:15 PM 4:15 PM
      Designing an Investment Process that reconciles Capital Appreciation with Capital Preservation 1h
    • 4:15 PM 5:00 PM
      Migrating from a Traditional Portfolio to a Capital Preservation Portfolio 45m
      • University of Maryland’s experience migrating its endowment towards a capital preservation philosophy, as related by the Chairman of its Investment Committee 15m
    • 5:00 PM 5:20 PM
      Conclusion and Summary 20m
    • 5:20 PM 5:40 PM
      End of Day 1 20m
    • 6:30 PM 7:30 PM
      Cocktail & Dinner at Domaine de Choully, Satigny 1h