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New Dynamics within Alternative Investment

The trend of rising asset values has taken a breather, and the global alternative investment market, which had shown the explosive growth, has now entered a new phase. Risk-return profiles have deteriorated mainly due to high valuation of the assets. Therefore, it is now more difficult to meet the return targets with the previous investment strategies that investors used to conduct. It is the time to thoroughly evaluate today’s market climate and contemplate new strategies on ‘how’, ‘what’ and ‘where’ to invest.


  MC - Kyung Sook BAE

08:50-09:30 Registration
09:30-09:40 Welcome Address

Dae Whan CHANG   Maekyung Media Group   Chairman & Publisher
Dimitris PSILLAKIS   European Chamber of Commerce in Korea   Chairperson

09:40-09:50 Congratulatory Message

Sung Joo KIM   National Pension Service   Chairman & CEO
Hee Nam CHOI   Korea Investment Corporation   CEO

09:50-10:15 Keynote Speech | Asset Owner CIO Perspectives: Capitalizing on the next dislocation
Jae S. YOON   New York Life Investment Management   Chief Investment Officer
10:15-10:35 Networking & Coffee Break
10:35-11:30 Infrastructure | Where to Go beyond PPP

Presentation

Mark BRAITHWAITE   Macquarie Infrastructure and Real Assets   Senior Managing Director


Panel Discussion

PPP(Public-Private Partnership) assets have been taking center stage in the infrastructure market. Severe yield compression and valuations clearly present a picture of strong demand from investors, while investment opportunities are dwindling, partially due to privatization in many countries in the world. Need for more strategies and perspectives on PPP and what Core Infrastructure assets are. Perhaps beginning with redefining what Core Infrastructure should mean can be a start. We will discuss how and what we should define as Core Infrastructure and the search for an alternative investment to PPP.


Panel

Chung Keun KIM Korea Investment Corporation Head of Infrastructure Team

KC JEON Hyundai Marine & Fire Insurance Head of Alternative Investment Department

Mark BRAITHWAITE Macquarie Infrastructure and Real Assets Senior Managing Director

Deepa BHARADWAJ IFM Investors Executive Director

Maciej TARASIUK Aberdeen Standard Investments Senior Investment Director

Moderator

Tae Suk OH Shinhan Alternative Investment Management Deputy Managing Director

11:30-12:20 PE | PE Strategies Facing the End of the Cycle

Presentation

Kiki YANG   Bain & Company   Head of APAC Private Equity


Panel Discussion

PE Investors recently facing new challenges due to prospects of a global economic downturn leading to a gradual increase in investor concerns about potential investment losses in the future. Additionally, there have been many headline risks associated with distressed corporates. However, some investors, contrarians and mid-to-long term investors, see this potential downturn as an opportunity to invest at more attractive valuation. It is time to consider in advance, investment strategies that could benefit from a potential economic downturn.


Panel

Jung Yup LEE Canada Pension Plan Investment Board Senior Principal Private Equity

Philip SJ YOON The Korean Teachers' Credit Union Deputy General Manager

Kiki YANG Bain & Company Head of APAC Private Equity

Joseph LEE Mirae Asset Daewoo Managing Director, Private Equity

Moderator

Won Pyo CHOI Bain & Company Partner

12:20-14:00 Networking Lunch / Bain & Company PE Lunch
14:00-14:12 Special Presentation | Standing the Test of Time

Presentation

Oliver JOUNG   LGT Capital Partners   Executive Director

14:12-15:10 RE | Real Estate, To Buy or Not To Buy, That’s the Question

Presentation

David PAINE   Aberdeen Standard Investments   Global Co-Head of Real Estate


Panel Discussion

Though there are conflicting opinions on the direction of the current real estate market, and many investors would agree that with current valuations, this may not be the right time to be buying in the global office market. Yet, we are still witnessing strong liquidity in the market. Where will capital with a lack of clear direction go? Will capital leave the real estate markets or continue move towards other specific regions or sectors? We will discuss new opportunities and strategies, while examining risk factors in the general real estate market.


Panel

Jang Hwan LEE Lotte Insurance Company Executive Director, Divison Head of Alternative Investment Division

David PAINE Aberdeen Standard Investments Global Co-Head of Real Estate

Frank KHOO City Developments Limited Group Chief Investment Officer

Bruce WAN BlackRock Head of APAC Research and Strategy for Real Assets

Anthony GIBBY DTZ Investors Head of Business Development

Moderator

Won Joon PARK Hana Alternative Asset Management Senior Managing Director

15:10-15:40 Networking & Coffee Break
15:40-16:40 LP | ESG Investment

Presentation

Jamie GOVAN   Aberdeen Standard Investments   Senior ESG Investment Analyst - Responsible Investing


Panel Discussion

ESG investment has been one of the most active investment topics globally. Korean investors are also increasing their search for various types of ESG investment, especially with the introduction of the stewardship code. However, a clear explanation about an ESG investment approach has not been presented to investors nor have concerns been addressed with regards to ESG potentially negative affecting investment return has been still in existence. We will listen to institutional investor’s concerns and discuss the direction of ESG investing.


Panel

Sergio POMBO Green Climate Fund Head of Private Equity

Steve DUCKWORTH Environmental Resources Management Senior Partner ERM APAC

Moderator

Jamie GOVAN Aberdeen Standard Investments Senior ESG Investment Analyst

16:40 Closing Remark

* Programme is subject to change