The Scotsman

Wednesday 11th September

09:30 – 10:00

Registration, Breakfast and Networking

10:00 – 10:10

Welcome and Introduction

Professional Adviser

10:10 – 10:35

Keynote Address

Peter Toogood, Chief Investment Officer, The Adviser Centre

10:35 – 11:00

Baillie Gifford


Fund: Baillie Gifford Multi Asset Growth

Scott Lothian, Investment Manager


Actual Investing for Real-World Outcomes

At Baillie Gifford we have a long history of managing successful multi-asset strategies. With curiosity and open minds, we build robust, forward-looking portfolios, which target attractive returns with low volatility. In this presentation we will investigate the roles of the diverse array of investments in our portfolios and how we combine these to achieve real-world outcomes. We will also share our current top investment ideas – where we see the best return opportunities in the next years ahead.

By the end of this session you will gain an understanding of the key characteristics of a multi-asset investment approach and the impact of diversification on both return and risk outcomes.

11:00 – 11:25

Orbis Investments


Fund: Orbis Global Balanced Fund

Ashley Lynn, Head of Fixed Income


Back to the Future: investing in energy ahead of the herd

To deliver above-average investment returns we believe one must be willing to take a different view from the market. Orbis’ contrarian investment philosophy means that its portfolios typically include companies, sectors and countries unloved by the market. Ashley Lynn will provide further insight into Orbis’ contrarian approach and discuss one particularly unloved part of the market today – fossil fuels – and how pessimism on the industry has created some attractive opportunities for investors.

11:25 – 11:40

Q&A with Baillie Gifford, Orbis Investments and The Adviser Centre

Chaired by Professional Adviser

11:40 – 11:55

Coffee and Networking Break


Personal Finance Society

Richard Libberton

12:05 – 12:30

Goldman Sachs Asset Management


Fund: CEO Dashboard Presentation / Goldman Sachs Global Multi-Asset Portfolio Range

Julia Rees, Vice President in GSAM’s Strategic Advisory Solutions Team


CEO Dashboard

Here, we address the audience as CEOs looking to grow their advisory businesses. We don't linger on headwinds we cannot control, which these days include higher market volatility, increased competition, and intensified regulation. Rather, we focus on what we CAN control. We begin by forecasting a specific or company average advisor’s AUM and revenue over the next 10 years using GSAM research and tailored client inputs in the areas of client mix, portfolio construction, and practice management. We solve for the revenue impacts of specific advisor behaviours and distil them into key rules of thumb, all with the aim of helping advisors act with intention as they work to grow their businesses.

12:30 – 12:55

BMO Global Asset Management


Fund: The Pyrford Global Total Return (Sterling) Fund

Luke Casey, Client Portfolio Manager


Capital preservation is key to generating a positive real return

In this session we explain how we generate positive real returns using a value and quality driven approach. Combining top-down asset allocation with bottom-up security selection, our portfolio is a straightforward one, containing global equities, sovereign bonds and cash. Not losing money is the key, and with only two negative calendar years since inception 25 years ago we can legitimately demonstrate this to you.

12:55 – 13:20

Pictet Asset Management


Fund: FP Pictet Multi Asset Portfolio

Andrew Cole, Head of Multi Asset London


The challenge of increasing the real value of savings in a world of low or negative risk-free rates 

There are two potential solutions – either moving up the risk spectrum or use tactical asset allocation to our advantage.  We would ask the questions: how do we identify opportunities across the capital structure of markets? Are we prepared to make meaningful changes in our asset allocation?  Do we have the right framework for risk management? How should we think about diversification in an environment of shifting correlations and negative real interest rates? It seems an uncertain world though not a volatile one, how should we be positioned today?

13:20 – 13:35

Q&A with BMO Global Asset Management, Goldman Sachs Asset Management and Pictet Asset Management

Chaired by Professional Adviser

13:35 – 14:30

Networking Lunch