Welcome to the Redwheel Investment Summit. The theme of this inaugural event is 'Great Minds Don't Think Alike', which reflects the independence and autonomy of our investment teams here at Redwheel. This afternoon event will provide a great opportunity to share our latest investment thinking, to foster lively discussion and debate amongst our investment teams, and to answer the big questions facing investors today. We very much hope you can join us, and look forward to welcoming you to The Langham in November.
|12.15pm – 1.00pm||
Lunch and registration
|1.00pm – 1.10pm||
Welcome and introduction
Tord Stallvik – Chief Executive Officer
|1.10pm – 1.40pm||
Redwheel panel of experts: answering your biggest questions
|1.40pm – 2.10pm||
Navigating a new era
Russell Napier – Author and Markets Strategist
|2.15pm – 2.45pm||
Breakout session 1
|2.50pm – 3.20pm||
Breakout session 2
|3.20pm – 3.35pm||
|3.35pm – 4.05pm||
Breakout session 3
|4.10pm – 4.40pm||
Breakout session 4
|4.45pm – 5.15pm||
Thinking differently for high performance
Matthew Syed – Author, Journalist and High-Performance Expert
|5.15pm – 5.20pm||
Jane Nicholls – Head of Business Development
|5.20pm – 6.45pm||
Ian Lance – Portfolio Manager, Redwheel UK Value and Income Strategy
Nick Purves – Portfolio Manager, Redwheel UK Value and Income Strategy
During times of market stress, such as an economic downturn, investors' time horizons shorten and they focus on short term earnings momentum rather than long term intrinsic value. This over-reaction creates an opportunity for those willing to look through the cycle and possibly explains why 'value' as a strategy typically produces an excess return during recessions.
James Johnstone – Portfolio Manager, Redwheel Next Generation Emerging Markets Strategy
The global drive to acknowledge and tackle the climate crisis will require a massive electrification and decarbonisation programme and create significant demand for certain commodities for decades to come. Here we take a look at the potential winners and losers of the green-wave commodity cycle, taking into account the lessons of history.
Nick Clay – Portfolio Manager, Redwheel Global Equity Income Strategy
The market now needs bad news in order to see an end to inflation and rate rises. This points to a very different backdrop for markets and new lessons to remind ourselves of. Explore what approach can suffer this backdrop and why discipline in ones process is vital again.
Davide Basile – Portfolio Manager, Redwheel Convertible Bonds Strategy
Justin Craib-Cox – Portfolio Manager, Redwheel Convertible Bonds Strategy
With interest rates and credit spreads on the rise, we anticipate seeing more issuance and more depth to the asset class. It is an interesting time for convertible bonds now to play a useful and unique role in portfolio construction, both from a fundamental and sustainable perspective. Our asset class can offer upside from equity performance but also capital protection through a short-dated bond which limits downside and carries low duration risk. We see that convertible bonds look compelling on a sum-of-the-parts view and now offer meaningful yield and substantial cheapness.
John Malloy – Portfolio Manager, Redwheel Emerging and Frontier Markets Strategy
Colin Liang – Portfolio Manager, Redwheel China Equity Strategy
Across emerging markets, positive structural drivers remain present, and new investment opportunities are likely to emerge. Meanwhile, EM seems to be starting on a better footing to policy normalisation than in the US as many EM central banks have already front-loaded policy normalisation. This presentation will make the case that investors should reconsider the growth opportunities in China, the significance of the recovery of travel for EM and the race to global decarbonisation.
Stephanie Kelly – Head of Thematic Sustainability Research
Nicola Takada Wood – Portfolio Manager, Redwheel Japan Active Engagement Strategy
John Teahan – Portfolio Manager, Redwheel UK Value & Income Strategy
Jimmy Tillotson – Portfolio Manager, Redwheel European Active Ownership Strategy
Hear directly from our investment teams about the reality of company engagement; how they engage; focus areas for engagement and their role in maximising long-term sustainable value creation in the companies in which they invest. Hosted by Stephanie Kelly, this promises to be a wide-ranging and thoughtful discussion about this important topic.
Louise Keeling – Portfolio Manager, Global Horizon Equity Strategy
Capital allocation is the most important determinant of whether a share price trends towards intrinsic value. Understanding the framework upon which management allocate capital provides a valuable insight in to whether management are running the business in a sustainable manner. Are management's personal incentives aligned with those of other key stakeholders? Having aligned management with a clear understanding of capital allocation is central to the Global Horizon approach.
Matthew Syed is an author who has written six bestselling books on the subject of mindset and high performance, including Bounce, Black Box Thinking, Rebel Ideas, and The Greatest.Read bio