7th International Sustainability Leadership Symposium

From Short- to Long-Term: Who Cares?

Institutional Investors, Beneficiaries and Investees in Dialogue

Presentations - Thursday 31 August 2006
Introduction

Keynote: The Growing Importance of Institutional Investments. Market overview of different investment categories such as equities, bonds, hedge funds etc.
by J. Frank Brown, Dean, INSEAD. (Video Interview with J. Frank Brown)
Keynote: Capital markets at the crossroads
by Abby Joseph Cohen, Managing Director & Chief US Investment Strategist, Goldman Sachs. (Handout PDF)
Conference Theses by Hans-Peter Burkhard, Director, Center for Corporate Responsibility and Sustainability (CCRS)
I. Long-Term Investment: The Beauty and the Beast

Keynote: Issues and criteria specifically affecting risk adjusted returns in the long run and how to integrate them in existing valuation models.
Wilfried Hauck, Managing Director, Allianz Global Investors Advisory
(Presentation PDF) (Video-Interview with Wilfried Hauck wmv)
Panellists:
Thomas Müller, CFO, Swiss Life
Heinrich Wiemer, Strategy Consultant, Capital Market Strategies
Moderator: Ernst A. Brugger, CEO, The Sustainability Forum Zürich
(Video Interview with Ernst A. Brugger wmv)
II. Do Beneficiaries Know What They Want?

Keynote: The different expectations of beneficiaries, institutional investors and investees and how the ultimate capital providers can make sure that fiduciaries pursue their interests. The significance of trust – does it vary for short- and long-term investments?
Jean-Louis Nakamura, CIO, Fonds de Réserve pour les Retraites
(Presentation PDF)
Panellists:
Dominique Biedermann, Executive Director, Ethos, Swiss Foundation for Sustainable Development
Travis Engen, former President and CEO, Alcan
Stefan T. Bichsel, Partner, Lombard Odier Darier Hentsch
Moderator: Gerhard Schwarz, Chief Economics Editor, Neue Zürcher Zeitung
III. Drivers for (Un)Sustainable Returns (Workshop Series 1)

A. Managing the Long-Term in a Short-Term Oriented Environment: The Challenge of Pension Funds
Keynote: Michael Bernegger, Head Asset Management, Swiss Life (Presentation PDF)
Comment: Wilfried Hauck, Managing Director, Allianz Global Investors Advisory
Moderation: Ivo Menzinger, Head of Sustainability & Emerging Risk Management, Swiss Re
B. Significant Factors Impacting Capital Markets
Keynote: Craig Metrick, US Head of Responsible Investment, Mercer Investment Consulting (Presentation PDF)
Comment: J. Frank Brown, Dean, INSEAD
Moderator: Alexander Barkawi, Managing Director, SAM Indexes
C. Risk Appetite of Institutional Investors
Keynote: Heinrich Wiemer, Strategy Consultant, Capital Market Strategies (Presentation PDF)
Comment: Giuseppe Benelli, CIO, Vontobel Group
Moderator: Sandra Hedinger, Vice President Public Affairs, Swiss Life
D. Making Best Use of the Right Information
Keynote: Peter Ohnemus, CEO & President & Dominique Habegger, Head Research, Asset4 (Presentation PDF)
Comment: Hans C. Steckling, Chairman & CEO, HCS-Consulting
Moderator: Angela de Wolff, Head of SRI, Lombard Odier Darier Hentsch
(Video Interview with Angela de Wolff wmv)
E. The Multiple Principal-Agent Relation in Institutional Investment
Keynote: Brunno Maradei, Assistant Director, EIRIS
(Video Interview with Brunno Maradei wmv)
Comment: Ivo Knöpfel, Managing Director, onValues Moderation: Erna Karrer-Rüedi, Head of Marketing & Communications, Care Group
Keynote by Wim Vermeir, Member Executive Committee, Dexia Asset Management. Presentation: New Perspectives for Long-Term Investing
Keynote by Iris Bohnet, Associate Professor of Public Policy, Kennedy School of Government, Harvard University.
Presentation: How Much Can You Trust?
Video: Interview with Iris Bohnet wmv

TSF offers an excel­lent platform to focus on and further deve­lop issues relating to sustain­a­bility and the financial market.

Reto Ringger
CEO, SAM Sustainable Asset Management

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