December 8th and 9th, 2020 Registration Programme 23rd ANNUAL PORTFOLIO
MANAGEMENT CONFERENCE

23rd Annual Portfolio Management Conference –

Capital investment in the area of conflict between (geo)political, technological and monetary policy challenges

Programme 2020

December 8th and 9th, 2020

First Day: December 8th, 2020

Module 1: Perspectives for the Global Economy, Capital Markets and Active Management

Module 2: How will Artificial Intelligence and Machine Learning Affect the Institutional (Capital) Investments

Module 3: (Geo)Political Challenges and Their Impact on Asset Allocation

Second Day: December 9th, 2020

Module 4: The World of Tomorrow – Which Big Trends Will Change Capital Markets in the Future?

Module 5: The New Paradigm of Monetary Policy and the Consequences for the Capital Market

Module 6: New Ideas for Active Portfolio Management

Key Speaker 2020

Dr. Philipp Hildebrand

is the Vice Chairman of BlackRock and a member of the firm’s Global Executive Committee. He is also Chairman of the Financial Markets Advisory (FMA) and the Financial Institutions Group (FIG). He also oversees the BlackRock Investment Institute (BII) and BlackRock Sustainable Investing (BSI).

Mr. Hildebrand joined BlackRock in 2012. Prior to that, he served as Chairman of the Governing Board of the Swiss National Bank (SNB). In that capacity, he was also a Director of the Bank for International Settlements (BIS), the Swiss Governor of the International Monetary Fund (IMF) and a member of the Financial Stability Board (FSB), of which the Leaders of the G20 appointed him Vice Chairman in 2011. Previously, Mr. Hildebrand was Chief Investment Officer of a Swiss private bank and a partner at Moore Capital Management in London.

Mr. Hildebrand is a Trustee of the British Museum, a member of the Group of Thirty and an Honorary Fellow of Lincoln College, Oxford. He sits on the International Advisory Board of Oxford University’s Blavatnik School of Government and the International Leadership Council for Europe for the University of Toronto. He is a Chevalier de L’Ordre National du Merite (France).

Mr. Hildebrand earned a BA from the University of Toronto, an MA from the Graduate Institute of International Studies in Geneva, and a DPhil from the University of Oxford.

Dr. Philipp Hildebrand

is the Vice Chairman of BlackRock and a member of the firm’s Global Executive Committee. He is also Chairman of the Financial Markets Advisory (FMA) and the Financial Institutions Group (FIG). He also oversees the BlackRock Investment Institute (BII) and BlackRock Sustainable Investing (BSI).

Mr. Hildebrand joined BlackRock in 2012. Prior to that, he served as Chairman of the Governing Board of the Swiss National Bank (SNB). In that capacity, he was also a Director of the Bank for International Settlements (BIS), the Swiss Governor of the International Monetary Fund (IMF) and a member of the Financial Stability Board (FSB), of which the Leaders of the G20 appointed him Vice Chairman in 2011. Previously, Mr. Hildebrand was Chief Investment Officer of a Swiss private bank and a partner at Moore Capital Management in London.

Mr. Hildebrand is a Trustee of the British Museum, a member of the Group of Thirty and an Honorary Fellow of Lincoln College, Oxford. He sits on the International Advisory Board of Oxford University’s Blavatnik School of Government and the International Leadership Council for Europe for the University of Toronto. He is a Chevalier de L’Ordre National du Merite (France).

Mr. Hildebrand earned a BA from the University of Toronto, an MA from the Graduate Institute of International Studies in Geneva, and a DPhil from the University of Oxford.

Prof. Jason Hsu, Ph.D.

is founder, chairman and CIO of Rayliant Global Advisors (RGA), a global investment management group with more than US$29 billion in assets managed using its strategies, as of Dec. 31, 2019. Rayliant applies quantitative methods to access behavioral-based alpha prevalent in inefficient markets like China. Jason also co-founded Research Affiliates, a smart beta and asset allocation leader with over US$180 billion in assets managed using its strategies. Jason sits on the editorial board of the Financial Analysts Journal, the Journal of Investment Management, the Journal of Investment Consulting and the Journal of Index Investing. He is an adjunct professor of finance at UCLA Anderson School of Management, and a visiting professor at Tsinghua University (China), Kyoto University (Japan) and National Chengchi University (Taiwan). Jason has published more than 40 journal articles and is a contributing author to nine handbooks in finance and economics. He has won two Graham and Dodd Scroll Awards; one Graham and Dodd Reader’s Choice Award; one Graham and Dodd most prestigious award, three Bernstein Fabozzi/Jacob Levy Awards; and three William F. Sharpe Awards. He also co-invented the Fundamental Index, awarded best index by Global Pensions magazine in 2007, 2008 and 2009. Jason received his Ph.D. in finance from UCLA Anderson School of Management. He received his M.S. from Stanford University and B.S. from the California Institute of Technology.

Prof. Jason Hsu, Ph.D.

is founder, chairman and CIO of Rayliant Global Advisors (RGA), a global investment management group with more than US$29 billion in assets managed using its strategies, as of Dec. 31, 2019. Rayliant applies quantitative methods to access behavioral-based alpha prevalent in inefficient markets like China. Jason also co-founded Research Affiliates, a smart beta and asset allocation leader with over US$180 billion in assets managed using its strategies. Jason sits on the editorial board of the Financial Analysts Journal, the Journal of Investment Management, the Journal of Investment Consulting and the Journal of Index Investing. He is an adjunct professor of finance at UCLA Anderson School of Management, and a visiting professor at Tsinghua University (China), Kyoto University (Japan) and National Chengchi University (Taiwan). Jason has published more than 40 journal articles and is a contributing author to nine handbooks in finance and economics. He has won two Graham and Dodd Scroll Awards; one Graham and Dodd Reader’s Choice Award; one Graham and Dodd most prestigious award, three Bernstein Fabozzi/Jacob Levy Awards; and three William F. Sharpe Awards. He also co-invented the Fundamental Index, awarded best index by Global Pensions magazine in 2007, 2008 and 2009. Jason received his Ph.D. in finance from UCLA Anderson School of Management. He received his M.S. from Stanford University and B.S. from the California Institute of Technology.

Anatole Kaletsky

is co-chairman and chief economist of Gavekal Dragonomics, an economic consulting and asset management company based in Hong Kong and Beijing. He is also a commentator for newspapers around the world in the Project Syndicate network. Before co-founding Gavekal in 2002, Anatole worked for 25 years as an economic journalist and columnist on The Economist, Financial Times, London Times, Reuters and New York Times, writing from London, Washington, New York and Moscow.

Anatole was the first chairman of the Institute for New Economic Thinking (INET) and now serves on the boards of INET and George Soros’s Open Society Foundations. He was elected to the Royal Economic Society’s governing council from 1998 to 2001, and a director of JP Morgan Emerging Markets Investment Trust from 2002 to 2018, the last two years as Senior Independent Director.

Anatole’s book Capitalism 4.0, published in 2010, anticipated many of the post-crisis transformations of the global economy and was nominated for the Samuel Johnson Prize. His 1985 book, The Costs of Default was influential in the negotiations that ended the Latin American debt crisis. His career as a journalist was recognized by numerous awards, including Newspaper Commentator of the Year, European Journalist of the Year and the FT-Wincott Award for economic commentary.

Anatole graduated from King’s College Cambridge, with a first-class honors in mathematics and received an MA in economics from Harvard University, where he was a Kennedy Memorial Scholar. He is an honorary Doctor of Science at the University of Buckingham.

Anatole was born in Moscow, was brought up in Russia, Poland and Australia as well as Britain, and lived for a decade in the US. He now lives in London and central Italy with his wife Fiona Murphy, a documentary film maker, and has three adult children.

Anatole Kaletsky

is co-chairman and chief economist of Gavekal Dragonomics, an economic consulting and asset management company based in Hong Kong and Beijing. He is also a commentator for newspapers around the world in the Project Syndicate network. Before co-founding Gavekal in 2002, Anatole worked for 25 years as an economic journalist and columnist on The Economist, Financial Times, London Times, Reuters and New York Times, writing from London, Washington, New York and Moscow.

Anatole was the first chairman of the Institute for New Economic Thinking (INET) and now serves on the boards of INET and George Soros’s Open Society Foundations. He was elected to the Royal Economic Society’s governing council from 1998 to 2001, and a director of JP Morgan Emerging Markets Investment Trust from 2002 to 2018, the last two years as Senior Independent Director.

Anatole’s book Capitalism 4.0, published in 2010, anticipated many of the post-crisis transformations of the global economy and was nominated for the Samuel Johnson Prize. His 1985 book, The Costs of Default was influential in the negotiations that ended the Latin American debt crisis. His career as a journalist was recognized by numerous awards, including Newspaper Commentator of the Year, European Journalist of the Year and the FT-Wincott Award for economic commentary.

Anatole graduated from King’s College Cambridge, with a first-class honors in mathematics and received an MA in economics from Harvard University, where he was a Kennedy Memorial Scholar. He is an honorary Doctor of Science at the University of Buckingham.

Anatole was born in Moscow, was brought up in Russia, Poland and Australia as well as Britain, and lived for a decade in the US. He now lives in London and central Italy with his wife Fiona Murphy, a documentary film maker, and has three adult children.

Dr. Jörg Kukies

is since April 2018 State Secretary at the Federal Ministry of Finance. Former, he worked in different positions at Goldman Sachs. Lately, he was Co-Chief Executive Officer at Goldman Sachs AG and Head of the Frankfurt branch at Goldman Sachs International.

He studied economics at the University Paris I (Pantheon-Sorbonne), holds a Master degree of Public Administration from John F. Kennedy School of Government, Harvard University. Furthermore, he received a Ph.D. in Finance from University of Chicago, Graduate School of Business.

Dr. Jörg Kukies

is since April 2018 State Secretary at the Federal Ministry of Finance. Former, he worked in different positions at Goldman Sachs. Lately, he was Co-Chief Executive Officer at Goldman Sachs AG and Head of the Frankfurt branch at Goldman Sachs International.

He studied economics at the University Paris I (Pantheon-Sorbonne), holds a Master degree of Public Administration from John F. Kennedy School of Government, Harvard University. Furthermore, he received a Ph.D. in Finance from University of Chicago, Graduate School of Business.

Prof. em. Josef Lakonishok, Ph.D.

is a Founding Partner, CEO and CIO of LSV Asset Management. Dr. Lakonishok has more than 40 years of investment and research experience.

Dr. Lakonishok was, until 2004, the William G. Karnes Professor of Finance at the College of Commerce & Business Administration at the University of Illinois at Urbana-Champaign.  Before that, he held staff and visiting professorships at Tel Aviv University, Cornell University, the University of North Carolina at Chapel Hill, and the University of British Columbia.

Dr. Lakonishok is one of the top contributors to major financial journals and has published more than 80 articles.  His research covers such diverse areas as analyst forecasts, execution cost measurement, performance evaluation, momentum strategies, fundamental valuation, seasonalities in stock returns, and share repurchases.

Dr. Lakonishok’s work has received many awards, including the Roger F. Murray Award for the paper “Contrarian Investment, Extrapolation, and Risk,” written with Drs. Shleifer and Vishny, and the American Association of Individual Investors Award for the article “Fundamentals and Stock Returns in Japan,” written with Drs. Louis K. C. Chan and Yasushi Hamao.

Dr. Lakonishok received a B.A. in Economics and Statistics from Tel Aviv University in 1970 and an M.B.A. from that university in 1972.  He earned an M.S. in Business Administration in 1974 and a Ph.D. in Business Administration in 1976 from Cornell University.

Prof. em. Josef Lakonishok, Ph.D.

is a Founding Partner, CEO and CIO of LSV Asset Management. Dr. Lakonishok has more than 40 years of investment and research experience.

Dr. Lakonishok was, until 2004, the William G. Karnes Professor of Finance at the College of Commerce & Business Administration at the University of Illinois at Urbana-Champaign.  Before that, he held staff and visiting professorships at Tel Aviv University, Cornell University, the University of North Carolina at Chapel Hill, and the University of British Columbia.

Dr. Lakonishok is one of the top contributors to major financial journals and has published more than 80 articles.  His research covers such diverse areas as analyst forecasts, execution cost measurement, performance evaluation, momentum strategies, fundamental valuation, seasonalities in stock returns, and share repurchases.

Dr. Lakonishok’s work has received many awards, including the Roger F. Murray Award for the paper “Contrarian Investment, Extrapolation, and Risk,” written with Drs. Shleifer and Vishny, and the American Association of Individual Investors Award for the article “Fundamentals and Stock Returns in Japan,” written with Drs. Louis K. C. Chan and Yasushi Hamao.

Dr. Lakonishok received a B.A. in Economics and Statistics from Tel Aviv University in 1970 and an M.B.A. from that university in 1972.  He earned an M.S. in Business Administration in 1974 and a Ph.D. in Business Administration in 1976 from Cornell University.

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Premium Sponsors

CAPITAL GROUP

Founded in the US in 1931, Capital Group is one of the world’s largest independent investment managers, with over USD 2 trillion of assets under management. Investment management is our only business. Throughout our history of more than 80 years, our aim has always been to deliver superior, consistent results for long-term investors. The stability of our privately owned organisation and our singular investment focus have enabled us to maintain a long-term perspective throughout the decades. We believe this helps to align our goals with the interests of our clients. Our active investment process is designed to enable individual investment professionals to act on their highest convictions, while limiting the risk associated with isolated decision-making. Fundamental proprietary research provided by our global network of over 400 experienced investment analysts forms the backbone of our approach.

Contact: Henning Busch, Phone: +49 69 509 54 05 05 10, www.thecapitalgroup.com/europe

Empira

With assets under management of approx. EUR 4.1 billion, the Empira Group is one of the leading investment managers for institutional real estate investments in German-speaking Europe. The company specialises in the development of innovative and high-yield investment approaches and offers institutional investors in-house solutions in areas such as project development and land-banking. In the field of real estate debt funds, Empira is one of the leading providers in German-speaking Europe, offering both mezzanine and whole-loan products. The real estate and capital market experts at the Empira Group cover the entire value creation process: from the identification of first-class investment opportunities with all property types, through ensuring a smooth acquisition process, to experienced asset management. The clients are institutional investors from Germany, Austria and Switzerland. The company has its headquarters in Zug (CH) with further offices in Luxembourg, Frankfurt, Berlin, Munich and Leipzig.

Contact: Christian Hanke, Phone: +49 69 719 14 59 10,
www.empira.ch

MainFirst Asset Management

MainFirst Asset Management is an independent European multi-investment boutique with an active management approach. The firm manages mutual funds and individual special mandates. With its multi-boutique approach it focuses on investment strategies in the selected asset classes equities, fixed income, multi-asset and liquid alternatives. Experienced portfolio management teams with long-standing track records develop strategies with a high active share and individual investment processes. The firm thus combines the expertise and flexibility of focused investment teams with the strengths and clearly defined processes of a broad-based international platform.

Contact: Marco Seminerio, Phone: +49 69 78 80 81 42,
www.mainfirst-invest.com

Schroders

For over 200 years we have built principled partnerships with our clients, putting them at the centre of everything we do. We are a global business managed locally, present in 29 countries with over 5,000 employees, including more than 750 investment professionals. We offer investors access to a wide range of asset classes ranging from traditional equities and bonds and advanced multi-asset solutions to alternative investment opportunities such as private equity, all backed up by acute in-house research. We are responsible for EUR 496.6 billion* of assets (including EUR 29.5 billion of private assets) for our clients who trust us to deliver sustainable returns (*as of June 30, 2019).

Contact: Carlos Böhles, Phone: +49 69 975 71 72 25,
www.schroders.de

Sponsors

ACATIS

ACATIS Investment KVG mbH was established in 1994 in Frankfurt/Main by Dr. Hendrik Leber and Dr. Claudia Giani-Leber. The company specializes in value investing according to Benjamin Graham and Warren Buffett. Today, ACATIS manages several global and regional investment funds and mandates, including equity, balanced and bond strategies. Four funds are pure sustainability funds. The company’s flagship fund – ACATIS Aktien Global Fonds – was launched in 1997.

ACATIS has also been working on Artificial Intelligence (AI) for the past few years and applied it the first time in portfolio management in 2016.

The company manages assets of around EUR 7.2 billion (as of December 31, 2019).

Contact: Marco Kuch, Phone: +49 69 97 58 37 77,
www.acatis.de

AVIVA Investors

Aviva Investors is the global asset manager who chooses the power of integration. With EUR 402 billion assets under management across fixed income, equities, real assets and multi-assets spanning 14 countries, you can benefit not just from our significant local knowledge and experience, but also from the extensive global investment resources at our disposal. Integration is our competitive edge and could be yours too (as of September 30, 2019).

Contact: Torben Dunkel, Phone: +49 69 257 82 61 15,
www.avivainvestors.com

DWS Group

DWS Group (DWS) is one of the world’s leading asset managers with EUR 745bn of assets under management (as of 30 June 2020). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.

DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.

Contact: Harald Rieger, Phone: +49 69 91 01 43 25,
www.dws.com

Fidelity International

Fidelity International pursues a clear target: We support our clients in reaching their financial goals with outstanding investment solutions and excellent service. Fidelity offers actively managed investment solutions covering all regions, sectors and asset classes. Currently we have Assets under Management of EUR 302.1 billion and Assets under Administration of EUR 108.0 billion internationally (as of December 31, 2019).

Contact: Annika Milz, Phone: +49 6173 509 32 09,
www.fidelityinstitutional.de

Goldman Sachs Asset Management

Goldman Sachs Asset Management (GSAM) is one of the world’s leading investment managers. GSAM provides global reach and local expertise through a network of over 2,000 professionals in 36 offices around the globe, serving institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries and geographies. Our investment solutions include fixed income, money markets, public equity, commodities, hedge funds, private equity and real estate. Our investment teams represent over 692 investment professionals, capitalizing on the market insights, risk management expertise and technology of Goldman Sachs. We help our clients navigate today’s dynamic markets and identify the opportunities that shape their portfolios and long-term investment goals. We extend these global capabilities to the world’s leading pension plans, sovereign wealth funds, central banks, insurance companies, financial institutions, endowments, foundations, individuals and family offices, for whom we invest or advise on more than USD 1.600 trillion of assets.

Contact: Dennis Lübcke, Phone: +49 69 75 32 21 30,
www.gsam.com

MAN Group

Man Group is a global active investment management firm, which runs $113.1 billion* of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across multiple jurisdictions. Our business has five specialist investment engines, which represent the range of our capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM.

These engines house numerous investment teams, working collaboratively within the framework of Man Group, with a high degree of investment autonomy. Each team benefits from the strength and resources of the firm’s single operating platform, enabling their primary focus to be seeking to generate alpha for clients. The teams invest across a diverse range of strategies and asset classes with highly specialised approaches, with long only and alternative strategies run on a discretionary and quantitative basis in single and multi-manager formats. Our clients are at the heart of everything we do and we engage in close dialogue with our investors as strategic partners, to understand their particular needs and constraints. Man Group’s investment teams are empowered and supported by our institutional infrastructure and technology, which aims to facilitate the efficient exposure to markets and effective collaboration across the organisation.

Through the Man Charitable Trust and the Man US Charitable Foundation, Man Group is committed to promoting literacy and numeracy on a global scale, and to supporting charitable causes more broadly.

Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com

For more information about Man Group’s commitment to diversity and inclusion, please visit www.man.com/diversity

For more information about Man Group’s approach to responsible investment, please visit www.man.com/responsible-investment

*As at 30 September 2020. All investment management and advisory services are offered through the investment “engines” of Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM.

Contact: Konstantinos Karamanlis, Phone: +41 55 417 63 08,
www.man.com

Othoz

Othoz GmbH, based in Berlin, develops quantitative investment strategies based on machine learning technologies. The implementation in investment products is carried out by Othoz Capital GmbH. The interdisciplinary team from the fields of finance, computer and data science as well as mathematics, physics and neuroscience works on mapping the complex dynamics of influencing variables and interdependencies in financial markets in holistic models and combining them with the best practices of modern investment processes. Founded in 2017, the company is embedded in the worldwide development of knowledge in the field of artificial intelligence (AI), also through close exchange with leading universities and as a member of Inquire Europe. Othoz is already one of the most important driving forces for AI-based analysis and decision-making processes in the field of asset management.

Contact: Dr. Daniel Willmann, Phone: +49 30 555 78 54 50,
www.othoz.com

PGIM Fixed Income

PGIM Fixed Income manages assets for public and corporate institutional clients and retail investors worldwide, with decades of experience managing credit-related and other fixed income strategies. Our Worldwide Assets under Management stands at USD 838 billion (as of September 30, 2019) of which USD 74.5 billion is from EMEA based clients. We have 298 investment professionals, with our senior investment professionals averaging 29 years’ experience and 23 years with PGIM. Our key strategies include Global Corporate Bonds, Global Loans, High Yield, Emerging Market Debt, Absolute Return Bonds.

Contact: Andreas Mittler, Phone: +49 69 244 341 615,
www.pgimfixedincome.com

Pictet Asset Management

Pictet Group was founded in Geneva in 1805. Pictet is today one of Europe’s leading independent wealth and asset managers. Pictet Asset Management (PAM), one of the three divisions of the group, is responsible for the asset management for institutional investors and investment funds. With around EUR 176 billion (as of September 30, 2019) in assets under management, we offer a full range of active and quantitative investment solutions to some of the world’s largest global pension funds, insurance companies, sovereign wealth funds, foundations and financial institutions.

Contact: Frank Böhmer, Phone: +49 69 79 50 09 12 24,
www.pictet.com

Principal Global Investors

Principal Global Investors is a global investment management business providing a single point of access to a family of world-class investment boutiques. Our diverse range of asset managers with distinct investment specialties is available to family offices, wealth managers, intermediaries, and institutional investors. Today, we manage USD 459.3 billion (as of September 30, 2019) on behalf of a broad range of investors from all over the world. This makes us the 31st largest manager of worldwide institutional assets and a top 50 player worldwide. We have over 1,800 employees, including 500 investment professionals and our investor base spans over 80 countries.

Contact: Frank Richter, Phone: +49 69 50 60 67 87,
www.principalglobal.com

State Street Global Advisors

State Street Global Advisors arbeitet auf partnerschaftlicher Ebene mit den größten und anspruchsvollsten Investoren und Finanzintermediären weltweit zusammen. Wir verwirklichen Ihre Ziele anhand eines präzisen, auf neusten Forschungsergebnissen basierenden Anlageprozesses. Dieser Prozess umfasst Index-Lösungen ebenso wie aktives Portfoliomanagement. Per 30. September 2019 verwalten wir USD 2,95 Billionen an Vermögenswerten. Unsere Größe und globale Aufstellung ermöglichen es uns, unseren Kunden einen einzigartigen Zugang zu Märkten, Regionen und Assetklassen bereitzustellen und ihnen detaillierte Einblicke und innovative Lösungen zu liefern. State Street Global Advisors ist die Asset Management Gesellschaft innerhalb des State Street Konzerns.

Kontakt: Frank Stefes, Telefon: +49 69 66 77 45 168,
www.ssga.com

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