Asset Management Conference

Wednesday, March 20, 2019

March 2019

Conference

Asset Management Conference

Tail Risks Amidst an Aging Bull Market

thursday, November 08, 2018
merchant taylors' hall, london

Asset Management Conference

Tail Risks Amidst an Aging Bull Market
Wednesday, March 20, 2019
March 2019
The New York Stock Exchange
New York

Asset Management Conference

Tail Risks Amidst an Aging Bull Market

Wednesday, March 20, 2019
March 2019
The New York Stock Exchange
New York

Asset Management Conference

Tail Risks Amidst an Aging Bull Market

Wednesday, March 20, 2019
March 2019
The New York Stock Exchange
New York

Asset Management Conference

Tail Risks Amidst an Aging Bull Market

Wednesday, March 20, 2019
March 2019
The New York Stock Exchange
New York

Asset Management Conference

Tail Risks Amidst an Aging Bull Market

Wednesday, March 20, 2019
March 2019
The New York Stock Exchange
New York

Overview

In recent years, a sustained bull in market in stocks and bonds has bolstered asset managers globally, allowing them to focus on the challenges of shifting investor preferences, elusive organic AUM growth, fee pressure, rising operating costs, digitization and increasing regulation . While these risks remain, a potential end to bull markets will introduce a whole new set of challenges that will change the way managers approach the industry.  

On March 20th, 2019, Moody's will host the 10th Annual Asset Management Conference at the premier venue, The New York Stock Exchange.

The conference will bring together industry experts, senior executives from the asset management industry and Moody’s analysts for engaging thought leadership and unparalleled peer networking. After a decade of record AUM and earnings growth fueled by strong markets, the event will look ahead to the key industry risks that investors will need to focus on in the late stages of an extended business cycle.

Why Attend

<div class="credit-themes-container dynamic"><div class="custom-fa-wrapper"><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Discover</h1><p class="custom-item-para alt white">Discover the key industry risks that investors will need to focus on in the late stages of an extended business cycle</p></div></div><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Meet</h1><p class="custom-item-para alt white">Meet industry experts, senior executives, and Moody’s analysts for engaging thought leadership and unparalleled peer networking</p></div></div><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Discuss</h1><p class="custom-item-para alt white">Discuss the biggest challenges facing the asset management industry today and in the future</p></div></div></div></div>

Agenda

11:15 AM      Registration

11:30 AM      CreditEdge Quality and Value Strategies as a Source of Alpha Across Markets

Attend this workshop to learn about: 

  • How measures of bond value and quality derived from Moody’s Analytics CreditEdge can help generate alpha in fixed income and equity markets.
  • How screening investment grade portfolios using the Deterioration Probability may help reduce the impact of Fallen Angels on carry-focused investment grade bond portfolios.
  • How stocks of companies with undervalued bonds, low default risk, and low downgrade risk tend to outperform the S&P 500 index benchmark.

Samuel W. Malone, Ph.D., Director of Research, Credit Risk Analytics Group, Moody’s Analytics

 

12:30 PM      Welcome Remarks and Industry Outlook

Marc Pinto, Managing Director - Financial Institutions, Moody’s Investors Service

 

12:40 PM      Welcome from the NYSE

Learn about the rich history of the NYSE and hear their insights on the current state of the asset management industry and the financial markets as a whole.

John Tuttle, Chief Operating Officer, NYSE Group

12:50 PM      CIO: Risks and Opportunities in Public Markets

After a decade of rising markets and relative stability, are we at an inflection point with respect to market trends and risk? The CIO panel will address this question with the perspectives of leading investors in Equity, Fixed Income and Global Macro strategies.

 

  • What are the key investments themes of 2019?
  • What are the underappreciated risks the market is mispricing?
  • Will macro and market timing come back into vogue?           

Moderator

Stephen Tu, Vice President - Senior Credit Officer, Moody’s Investors Service


Speakers

Tad Rivelle, Group Managing Director, Chief Investment Officer – Fixed Income, TCW

Matthew McLennan, Head of Global Value Team, First Eagle

Sihan Shu, Chief Investment Officer, Strobus Capital LLC, Former Partner and Managing Director at Paulson & Co.

1:35 PM      Private Market Value with a Catalyst      

Legendary investor Mario Gabelli will join us to talk about his outlook for the markets, the asset management industry and active management.


Moderator

Marc Pinto, Managing Director - Financial Institutions, Moody’s Investors Service


Speaker

Mario J. Gabelli, Chairman and Chief Executive Officer, GAMCO Investors, Inc. and LICT Corp.

2:05 PM     Networking Break

Sponsored by Moody’s Analytics CreditEdge

 

2:30 PM     CEO Fireside Chat: Preparing for the Next Recession

Vijay Advani, CEO of Nuveen Investments, will join us to discuss what the next market downturn means for asset managers. The conversation will explore how asset managers prepare for a market downturn and what will be the biggest impacts on the industry over the next five to ten years.

 

  • How does it change the pursuit of strategic priorities?
  • What are the key short-term performance objectives while navigating the company through a recession
  • What were the most important changes that resulted from the great recession? 

Moderator

Rory Callagy, Senior Vice President, Moody’s Investors Service


Speaker

Vijay Advani, Chief Executive Officer, Nuveen

3:15 PM     Private Credit Panel: Is There Trouble Ahead?

Growth of leveraged finance in support of private equity activity increases the risks faced by CLOs, mutual funds, and hedge funds that invest in this asset class.  How will these investors be affected by tighter credit and rising defaults?

  • What could disrupt the current benign credit default cycle?
  • Will the growth of leveraged lending in the shadow banking system reduce systemic risks in the next recession?
  • Is private credit the ‘subprime’ of the next recession?

Moderator

Neal M. Epstein, CFA – Vice President – Senior Credit Officer, Moody’s Investors Service


Speakers

Adrian Marshall, Chief Investment Officer, Elmwood Asset Management

Jim Miller, Partner, Co-Head of U.S. Direct Lending, Ares Management

Christina Padgett, Senior Vice President, Corporate Finance Group, Moody’s Investors Services

Alexey Rubtsov PhD, Research Associate, Global Risk Institute

 

4:00 PM     Keynote Address: The Next Recession

Despite a wobbly start to the year, the US economy should hold firm assuming several geopolitical threats, including the Trump trade war and Brexit, play out reasonably gracefully. However, next year looks to be more challenging.

Mark Zandi, Managing Director, Chief Economist, Moody’s Analytics

             

4:30 PM      Networking Reception

5:30 PM      Conclusion

Moody's Speakers

Mark Zandi

Chief Economist

Moody's Analytics

Moody's Analytics

Chief Economist

Mark Zandi

Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a cofounder of the company Economy.com, which Moody’s purchased in 2005.

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Chris Padgett

Senior Vice President, Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Senior Vice President, Corporate Finance Group

Chris Padgett

Christina Padgett is a Senior Vice President in Moody’s Corporate Finance Group and leads the Leveraged Finance practice. She spends most of her time chairing high yield rating committees and producing credit research with a focus on the leveraged finance market and private equity.

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Marc Pinto

Managing Director, Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Managing Director, Financial Institutions Group

Marc Pinto

Marc is responsible for a global team which assigns credit ratings to insurers, asset managers, and investment and pension funds. He was previously a Credit Policy Officer and developed stress tests for banks globally during the financial crisis.Marc regularly speaks at industry conferences on trends and developments in the financial services sector. Marc is a sponsor of the Moody’s Network of CFA Charter holders, an active contributor to Moody’s employee professional development initiatives, and a coach in the Women’s Mentoring Program. Marc is also a member of the Asset Management Committee responsible for overseeing Moody’s retirement savings plans.

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Samuel W. Malone

Ph.D., Director of Research, Credit Risk Analytics Group

Moody's Analytics

Moody's Analytics

Ph.D., Director of Research, Credit Risk Analytics Group

Samuel W. Malone

Dr. Sam Malone leads the research team within the Credit Risk Analytics Group at Moody’s Analytics and focuses on early warning methodologies and quantitative investment strategies. While at Moody’s he has developed various risk models, including the CreditEdge Deterioration Probability for downgrade risk measurement, the Systemic Risk Monitor and Credit Risk Cascades solutions for systemic and counterparty risk assessment, and the Moody’s AutoCycle Solution for forecasting the value of used cars under different economic scenarios.

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Robert Callagy

Senior Vice President/Manager

Moody's Investors Service

Moody's Investors Service

Senior Vice President/Manager

Robert Callagy

Rory is currently responsible for Moody’s Funds & Asset Management ratings practice in the Americas. This includes ratings on over 60 asset managers and 400 investment funds across 5 countries. He joined Moody’s Global Managed Investments Group in 1998, working on analysis of investment funds. Rory regularly speaks at industry conferences on trends and developments in the asset management sector. He holds a BA in Government from Georgetown University

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Neal M. Epstein, CFA

Vice President - Senior Credit Officer, Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Credit Officer, Financial Institutions Group

Neal M. Epstein, CFA

Neal has over twenty years of experience working with asset management firms, as an investment banker, analyst, and portfolio manager. He joined Moody’s Funds & Asset Management team in 2011, where he focuses on credit analysis of asset management firms and industry research. Previously, he was a Managing Director at Proctor Investment Managers, a private equity investor in the asset management industry,where he led manager research and due diligence efforts. Earlier, Neal was a Vice President and Director of Research at Putnam Lovell Securities, where he focused on asset manager research and industry strategy. Mr. Epstein earned an M.B.A. and M.A.in Asian Studies from the Darden Graduate School of Business Administration at the University of Virginia, an M.A. in Economics from Columbia University and a B.A. in Philosophy from Swarthmore College. A Chartered Financial Analyst, he is a member of the CFA Society of New York and the CFA Institute.

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