Munich: IPE Seminars 2019 - Credit & Alternative Credit

Thursday, October 10, 2019
8:00 AM - 8:30 AM																Registration and networking breakfast
8:30 AM - 8:35 AM																Welcome and introduction Frank Schnattinger - Managing Editor, IPE D.A.CH
8:35 AM - 8:55 AM																How Important is Credit Selection for High Yield Bond and Leveraged Loan Investors? With European corporate default rates at (or close to) all-time lows and the ECB expected to embark on another round of QE, the presentation will: Examine current market dynamics in the sub-investment grade space and the inter-play of technicals and fundamentals Assess the importance of credit selection across market cycles and in different economic conditions Compare relative value opportunities across high yield bonds and leveraged loans Explore how flexible mandates can capture superior risk-adjusted returns in a portfolio Evaluate the resources required to build and manage high yield bond and leveraged loan portfolios Anthony Shackleton - Managing Director & Co-Portfolio Manager, Oaktree Capital Management
8:55 AM - 9:15 AM																Direct Lending: How does an investor position themselves for the ‘end of the credit cycle party’? In a buoyant market for private debt, Hermes Investment Management will be discussing how investors should think about allocating to direct lending strategies to deliver optimal risk adjusted returns in the current environment. Carina Spitzkopf - Director - Private Debt & CLO's, Hermes Investment Management
9:15 AM - 9:30 AM																Coffee break
9:30 AM - 9:50 AM																The Changing Landscape in Lending How to navigate among the increasingly complex technological innovations impacting business models in lending Which trends have the largest influence on business models of banks (players in financial services) in practice and why? What are the factors that will determine who will be gaining market share among participants? Can we predict winners and losers? Which are the new business models that are successful in gaining market share and why? Gabriella Kindert - Board Member, Mizuho Bank
9:50 AM - 10:10 AM																Open discussion
10:10 AM																Close of seminar