Post Event Report - 5th Japan Institutional Investment Forum

Post Event Report - 5th Japan Institutional Investment Forum

Japan Institutional Investment Forum
Asian and emerging market investments for Japan’s institutional investors
24 April 2012, Imperial Hotel Tokyo
Post Event Report
199 delegates representing over 120 companies across 7 countries
Let me congratulate you on the success of the forum. I had a good time talking with distinguished global investors.
I hope our paths will cross soon.
Toshio Oya, Assistant Commissioner for International Affairs, Financial Services Authority (FSA)
Presented by
2012 Event Calendar
present:
3rd Annual RMB Rising – January 12, Hong Kong (www.RMBRising.com)
AI
FA
Corporate Funding Asia – February 7, Hong Kong (www.CorporateFunding.Asia)
FA
2nd Annual Corporate Treasury & CFO Summit, Indonesia – March 6, Jakarta (www.CTCFOIndonesia.com)
FA
6th Annual Taiwan Institutional Investment Forum – March 15, Taipei (www.TaiwanIIF.com)
AI
3rd Annual Asia-Pacific Debt Investor Forum – April 12-13, Hong Kong (www.APACDebt.com)
AI
Japan Institutional Investment Forum – April 24, Tokyo (www.JapanIIF.com)
AI
7th Annual Asian Investment Summit – May 23-24, Hong Kong (www.AsianInvestmentSummit.com)
AI
Bangladesh Investment Summit – June, Hong Kong (www.BangladeshInvestSummit.Asia)
AI
FA
3rd Annual Russia Investment Summit – July 5-6, Hong Kong (www.RussiaInvestSummit.Asia)
AI
FA
6th Annual Korea Institutional Investment Forum – July 12, Seoul (www.KoreaIIF.com)
AI
4th Annual Corporate Treasury & CFO Summit, Philippines – August 23, Manila (www.CTCFOPhilippines.com)
3rd Annual Australia Institutional Investment Forum – August 23, Melbourne (www.AustraliaIIF.com)
AI
Hong Kong MPF Employees’ Choice Seminar – September, Hong Kong (www.MPFChoiceHK.com)
AI
5th Annual China Institutional Investment Forum – September 11, Beijing (www.China-IIF.com)
AI
Southeast Asia Corporate Funding – September 19, Singapore (www.SEACorporateFunding.com)
FA
FA
CT
FA
CT
Southeast Asia Debt Investor Forum – September 20, Singapore (www.SEAsiaDebt.com)
AI
FA
Africa Investment Summit – September 26-27, Hong Kong (www.AfricaInvestSummit.Asia)
AI
FA
Asia Corporate Treasury & CFO Summit – October 9-10, Hong Kong (www.CTCFO.Asia)
FA
2nd Annual Asian Commodities Investment Summit – October 18-19, Hong Kong (www.CommoditiesInvestment.Asia) AI
FA
RMB for International Treasury Centers – October 30, Singapore (www.RMBITC.com)
FA
Compliance Summit Asia – November 8, Hong Kong (www.ComplianceSummit.Asia)
FA
The Art of Asset Management I – November 13-14, Hong Kong (www.ArtofAM.Asia)
AI
4th Annual Southeast Asia Institutional Investment Forum – December 6-7, Kuala Lumpur (www.SEAIIF.com)
AI
AI=AsianInvestor
FA=FinanceAsia
CT=The Corporate Treasurer
www.JapanIIF.com
CT
CT
CT
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Conference Highlights
More than 200 delegates crowded into The Imperial Hotel
in Tokyo for AsianInvestor’s inaugural Japan Institutional
Investment Forum.
Opening the event was Toshio Oya, Assistant Commissioner
for International Affairs, Financial Services Authority (FSA)
addressing the impact of new capital requirements in Europe,
and the impact of deleveraging. Jame DiBiasio, AsianInvestor’s
editor followed this with a review of the latest economic policy
trends and their impact on worldwide economics, aided by
Connie Bolland from ERA and Haruyoshi Mabuchi from Office
Saintpaulia.
ETFs were up next with Hikaru Matsuno explaining market
trends, and how ETFs can make themselves transparent to
investors, on behalf of db X-trackers, followed by Paul Hoff from
FTSE discussing the latest developments in equity benchmarks.
Next, Naho Nakajima from Russell Investments Tokyo office led a panel of senior investors and academics from IBM Japan, Asahi
Kasei Pension Fund, Nihon Keizai Shimbun Pension Fund Hitotsubashi University and Sanno Unviersity, discussing optimal asset
allocation. Nobusuke Tamaki, former Director-General, Planning Department, Government Pension Investment Fund (GPIF) followed
this discussion with an incisive look at risk measurement with a particular focus on sovereigns.
After luncheon, Sam Sicilia, Chief Investment Officer at HOSTPLUS in Australia kicked off the afternoon by sharing with Japan’s asset
owners an Australian super’s approach to asset allocation across emerging markets. Afterwards Taro Ogai from Towers Watson’s
Tokyo office dived into a potboiler hedge funds panel. Following hot on the heels of AIJ’s collapse, panelists Takaaki Yoda and Yuji
Kage had plenty to talk about, following which Takashi Jimba from Japan’s Government Pension Investment Fund revealed the fund’s
approach to asset management with a passive core strategy supplemented by active satellite strategies.
Proving that it is possible to be all things to all men – at least for a day – Yoshinori Kouta from Mercer Japan then tackled alternative
investments ably aided by a mammoth panel comprising Kazuo Nishimura of Nomura’s PE arm, Yasushi Ando from New Horizon
Capital, Mikihide Katsumata from Mobile Internet Capital, Yuichiro
Kawaguchi from Waseda University, Song In Kyu, recently of
Korea Post, Brett McCarthy from Challenger and Hideo Kondo
from DIC Pension Fund.
Rounding out the day, David Marshall from CreditSights
addressed the investability of banks around the world sector
following the successive waves of new regulation, following which
Tomio Sumiyoshi of Greenwich Associates talked about Asian
institutional investors’ shifts in asset allocation based on their
survey , and finally Yasuhiko Nakase of CFA Society of Japan
concluded the forum with his remarks.
We are very grateful to our sponsors and exhibitors; Deutsche
Bank Group db X-trackers ETFs, CreditSights, FTSE and
STOXX for their support. A special thanks too for our supporting
organization, CFA Society of Japan for all the assistance they
provided in the buildup to the event.
We will be back next year in late February. Until then enjoy this report and successful investing!
Regards,
Jonathan Watkin
Director
AsianInvestor
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www.JapanIIF.com
Delegate Profiles
Breakdown by Country
Australia 3%
Singapore 3%
Hong Kong 2%
Others (Korea, USA, UK &
Switzerland) 2%
Japan 90%
Breakdown by Job Title
C-Suite / Chairman 8%
Managing Director /
Managing Partner /
President 10%
Associate / Analyst /
Other 6%
Director / Partner /
SVP 36%
Vice President /
Manager 44%
Breakdown by Industry
Government / Regulatory 2%
Education 2%
Local Asset
Management 28%
Others 3%
Association 3%
Media &
Publishing 3%
Service Providers
& Consultants 10%
Global Asset
Management 11%
Asset Owners &
Distributors 16%
Thank YOU very much for inviting me to
the Forum. It was very stimulating and
informative to me also. I sincerely hope
that my panel discussion could be some
help to the… in Japan, I believe we don’t
have this kind of forum very often, so it
gave good opportunity to get fresh ideas
and exchange opinions among fund
managers attending.
Haruyoshi Mabuchi, President,
Office Saintpaulia
Investment Banking 13%
Investment Advisors 11%
www.JapanIIF.com
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Participating Companies
199 asset owners, asset managers, finance professionals, bankers, corporate and advisors
attended the forum, including senior decision makers from:
AGF Investments Asia
AISIN Employees’ Pension Fund
Alpha Japan Asset Advisor
Asahi Kasei Corporation
Assicurazioni Generali S.p.A (Generali Asia)
Assured Guaranty Services (Australia)
Asuka Corporate Advisory
Bridge Capital Securities
British Embassy Tokyo
Brown Brothers Harriman Investment Services Japan
Cardif Assurance Vie
CFA Society of Japan
Challenger
CHIBA Prefectural Machinery & Metallurgy Employee’s
Pension Fund
CreditSights
Dai-ichi Life Insurance
Daiwa SB Investments
Dalton Investments LLC
Deutsche Bank Group
DIAM
DIC Pension Fund
Economic Research Analysis (ERA)
Federation of National Public Service Personnel Mutual Aid
Associations
Financial Services Agency (FSA), Government of Japan
FTSE
Fukoku Capital Management
Futaba Corporation
FXall Japan
GCM
GE Capital Real Estate
Governance for Owners Japan KK
Government Pension Investment Fund (GPIF)
GreenPark International General Partner IV
Greenwich Associates Japan K.K.
Hartford Life Insurance K.K.
Hastings Funds Management
Hitotsubashi University Graduate School of International
Corporate Strategy
HOSTPLUS
IBM Japan
ILS Advisers
ING Life Insurance Company (Japan)
Innovation Network Corporation of Japan
Integral Corporation
Intralinks, Inc.
J-Wellness Investments, Inc.
Japan Alternative Investment
Japan Finance Corporation
Japan Industrial Partners, Inc.
Japan Securities Investment Advisers Association
JVC Kenwood Pension Fund
Kirby McInerney LLP
Kokusai Asset Management
Konomi, Inc.
Korea Post
KTB Investment & Securities Japan Office
Lucrum Capital
Marubeni Group Pension Fund
Meiji Yasuda Asset Management
Mercer Japan
Mitsubishi Corporation
Mitsubishi UFJ Trust and Banking Corporation
Mitsui & Co. Group Pension Fund
Mizuho Securities
Mizuho Research Institute
Mizuho Trust and Banking
Mizuho-DL Financial Technology
Mobile Internet Capital, Inc.
New Horizon Capital
Nihon Keizai Shimbun Pension Fund
Nikko Asset management Co.
Nikko Global Wrap Ltd.
Nissay Asset Management Corporation
Nomura Asset Management
Nomura Funds Research and Technologies
Nomura Private Equity Capital
Nomura Securities
Norinchukin Zenkyoren Asset Management
Office Saintpaulia
Okasan Asset Management
Otsuma Women’s University
PAG Japan
Pension Fund Assiciation
Pension Fund Management Consulting
Platinum Investment Management
RBS
Research Institute for Policies on Pension & Aging
Resona Bank
RHJ International Japan, Inc.
Rising Funds Capital Management LLC
Russell Investments Japan
SBI Japannext
SECOM Pension Fund
Shinsei Securities
Shizuoka Toyopet
SMBC Nikko Securities Inc.
Solution Design Co.
Sompo Japan Nipponkoa Asset Management
State Street Trust and Banking
STB Asset Management
STOXX
Sumitomo Mitsui Asset Management
Sumitomo Mitsui Trust Bank
Sumitomo Mitsui Trust Research Institute
T&D Asset Management
The Blackstone Group Japan K.K.
The Life Insurance Association of Japan
Threadneedle
Tokio Marine Asset Management
Tokio Marine Property Investment Management
Tokyo Oil Industry Employees Pension Fund
Tokyo Taxi Companies Employees Pension Fund
Towers Watson
Toyota Asset Management
TT Global Asset Management
Unigestion Asia
United Managers Japan Inc.
Waseda University
Wib Real Estate Finance Japan K.K.
Zenkyoren
Dealogic Japan
Dow Jones (Japan) K. K.
The Nikkei Weekly
Thomson Reuters
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www.JapanIIF.com
Contact Us
Contact our project team to get involved in the
2 Annual Japan Institutional Investment Forum
nd
To sponsor:
Stuart Wadsworth, Head of Conferences Sales
E: [email protected]; T: +65 8121 7004
To speak:
Matthew Swainson, Director of Conferences
E: [email protected]; T: +852 3175 1961
To book your delegate pass:
Gynn Lim, Audience Development Manager
E: [email protected]; T: +65 6579 0546
To becoming a media or supporting organisation:
Annie Ng, Marketing Manager
E: [email protected]; T: +852 3175 1981
It was, as always, a pleasure. From my perspective, it seemed that the event went well. I certainly had some interest
in my presentation from various conversations during the subsequent networking break and a number have already
contacted me via email seeking additional information or meetings. .
Sam Sicilia, Chief Investment Officer, HOSTPLUS
The forum has made open several important remarks and exchanges of viewpoints that will certainly be worth followedon. Lessons learned from AIJ incident are some of those and also changing direction of alternative investments in the
public and private pension funds is another. Comparative analysis between domestic and overseas viewpoints on the
state of alternative investments in Japan and abroad may further trigger good discussions and ideas. .
Keiki Kimur, Japan Industrial Partners, Inc.
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www.JapanIIF.com
Thank You
Thank you to our sponsors and supporting partners:
Gold Sponsor:
Bronze Sponsors:
Exhibitor:
Media Partner:
Supporting Organisation:
Thank you to our speakers and moderators:
• Yasushi Ando, Chief Executive Officer & Chief Operating Officer, New Horizon Capital Co., Ltd
• Connie Bolland, Founder and Chief Economist, Economic Research Analysis Ltd (ERA)
• Paul Hoff, Director, Asia Pacific Business Development, FTSE Group
• Professor Toshiki Honda, Strategy Associate Professor, Hitotsubashi University Graduate School of
International Corporate
• In Kyu Song, Former Head of Global Real Asset, Postal Insurance Asset Management Bureau, Korea Post
• Yuji Kage, Senior Advisor, The Blackstone Group Japan K.K., Former Managing Director, Pension Fund Association
• Mikihide Katsumata, CFA, Chief Executive Officer, Mobile Internet Capital, Inc
• Professor Yuichiro Kawaguchi, Head of Research Institute, Waseda University
• Hideo Kondo, Asset Management Director, DIC Pension Fund
• Yoshinori Kouta, Head of Investment Consulting, Mercer
• Yasuhiko Nakase, President, CFA Society of Japan
• Shunichi Kubo, Senior Managing Director, Director of Investment, Nihon Keizai Shimbun Pension Fund
• Haruyoshi Mabuchi, President, Office Saintpaulia
• David Marshall, Senior Analyst - Asia-Pacific Banks, CreditSights
• Hiraku Matsumoto, Investment Officer, Asahi Kasei Pension Fund
• Hikaru Matsuno, Vice President, Global Market Structuring, Deutsche Securities Inc, Japan
• Brett McCarthy, Director of Fund Management, Challenger
• Professor Yousuke Mitsusada, Associate Professor, Sanno Unviersity School of Management & Founding Partner
Emertitus, Asuka Corpoate Advisory Co.,Ltd
• Naho Nakajima, Executive Consultant, Russell Investments Japan Co., Ltd
• Kazuo Nishimura, CFA, MD & CIO, Nomura Private Equity Capital
• Akihiko Ohwa, Manager of Pension Fund, Treasury, IBM Japan, Ltd
• Taro Ogai, Head, Investment Consulting Director, Towers Watson K.K.
• Toshio Oya, Assistant Commissioner for International Affairs, Financial Services Authority (FSA)
• Tokihiko Shimizu, Director General, Research Department, Government Pension Investment Fund (GPIF)
• Sam Sicilia, Chief Investment Officer, HOSTPLUS
• Tomio Sumiyoshi, Representative and Managing Director, Greenwich Associates Japan K.K.
• Nobusuke Tamaki, Professor, Otsuma Women’s University & Ex Councillor / Director General, Planning
Department, Government Pension Investment Fund (GPIF)
• Takaaki Yoda, Chief Consultant, Pension Fund Management Consulting
• Jame DiBiasio, Editor, AsianInvestor
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