Investment Conference 2013

Thursday, 26 Sep 2013, 08:45 - 18:00


This year's Investment Conference builds on the excellent 2012 programme, responding again to your feedback on the investment issues you currently face. The day will cover a diverse range of investment options through excellent plenary sessions and a choice of two streams, to help tailor the day to meet your own professional objectives.

Take time to explore the wide ranging exhibition, chat to colleagues, share experiences and quiz the experts who are there to give you their views on this increasingly important aspect of charity finance.

Download the 2013 Investment programme here pdf icon


The conference is kindly supported by CIG


The Exhibition

There will be an exhibition alongside the conference programme. The informal setting is an excellent opportunity to find products and service suppliers who can assist in tackling your charities' problems and who can help to make the management of your charity more efficient. The conference timetable allows delegates plenty of opportunity to browse the exhibition and networking during breaks.

The following companies are exhibiting at this year's conference:

Aberdeen Asset Management  -

Baring Asset Management -

Blackrock -

Brewin Dolphin -


Charity Investors Group -

Ecclesiastical Investment -

J O Hambro Investment Management -

Jupiter -

M&G -

Newton Investment Management -

Royal London Asset Management -

Schroders Charities -

Sturgeon Ventures -



Registration & time to explore the exhibition

09:30 – 09:45

Introduction & welcome by the chair

Caron Bradshaw, CFG 


Opening plenary
As Chief Investment Officer of Cazenove Capital Management, Richard Jeffrey will plot the course of the recovery in the global economy and consider where it is likely to go from here. Focusing on Mark Carney’s appointment as Governor of the Bank of England and his subsequent statements on monetary policy, impending policy changes in the US and the aggressive monetary easing in Japan, Richard will discuss the implications for global employment levels, interest rates, inflation, and GDP. He will conclude with a discussion about the outlook for financial markets.
Richard Jeffrey, CIO, Cazenove Capital


5 minute transfer time


Developing your investment position

Maximising your investment position


Equities & bonds
Ronald Reagan once said ‘Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.’ It is especially violent, frightening and deadly to charities who walk a fine line with their investment income budgeted expenses. So how do you prepare for what many have predicted all along?

With the topic of inflation, in the not-so-distant future, once again rearing its head we question how charities might protect their income, support their reserves and head bravely into the storm.
Most notably we will consider that historically, only equity derived income has withstood – and beaten – inflation over long periods and yet recent capital market volatility has deterred investors. So is there a way to reconcile this? 

Chris Hills, Chief Information Officer, Investec Wealth and Investment

Alternative investments
Five of the top ten most pertinent and highest impact risks we are facing are directly linked to environmental sustainability. Mercer has concluded that it is possible to identify climate sensitive assets – or ‘sustainability assets’ – that can hedge some of the risks associated with the high impact events identified above.
Aled Jones, Head of Responsible Investment, EMEA, Mercer


Morning break & time to explore the exhibition


Fit for investment, how does your board shape up?
In order to make effective investment decisions, it is imperative that your board is aware of their responsibilities and confident in this area. This session will look at the issues your board needs to be aware of to enable them to make informed decisions in investment matters.
Heather Lamont, Director, Client Investment, CCLA 
Lindsay Driscoll, Consultant, Bates Wells Braithwaite

James Brooke Turner, Financial Director, Nuffield Foundation

Property investment
There are a variety of options open to charities when considering investing in property. This session will consider the different options open to you, the responsible investment issues you need to be aware of and the advantages and disadvantages of property investment.
James Money Kyrle, Director of Finance & Resources, St John’s Hospital
Harry de Ferry Foster, Fund Director, The Charities Property Fund


5 minute transfer time


Writing your investment policy
If your charity has investments, it is crucial that you have a suitable written investment policy. This session will look at the suggested frameworks and processes for writing your policy.
Kate Rogers, Chair of CIG and Client Director, Schroders & Jane Tully, Head of Policy and Public Affairs, Charity Finance Group

Social Impact Investment – The Ways Forward
The social impact investment market is still an enigma to many charities and other investors.  While a relatively small number of well-resourced charities have made pioneering allocations of capital and are actively exploring the opportunities and reaping the rewards, most charities are still coming to term with the concept.
Social impact investments are typically time-consuming to source, research, implement and monitor.  Most charities, pension funds and private individuals simply do not have the resources to identify and analyse possible opportunities and monitor and report appropriately on them. 
We have spent the past 18 months working with a number of social investment specialists, considering whether there are ways in which more charities could use some of their capital in this manner to better meet their objectives. 
As one of the leading charity investment managers in the UK, we believe our approach should embrace social impact investment.  Is there a catalyst that could cause a step change in amount of capital allocated to this this field?
Richard Maitland, Partner and Head of Charities, Sarasin & Partners LLP
Antony Ross, Partner and Head of Social Sector Funds, Bridges Ventures


Lunch & time to explore the exhibition


Asset allocation
Deciding the right balance of assets and an allocation that reflects your charity’s financial objectives and risk appetite is probably the single most important factor in determining investment success. This session will look at the challenges and opportunities in Asset Allocation for 2014
Percival Stanion, Head of the Global Multi Asset Group, Baring Asset Management

Social investment panel debate
In recent years much has been made of social investment’s potential for transforming the way the sector is funded.  While it is becoming ever more prominent in the voluntary sector, the social investment market is still in its infancy and many charities are yet to consider this type of funding. Join industry leaders and experts to hear how you can get involved in social investment, and what they think needs to be done to grow this nascent market.
Nick O’Donohoe, Chief Executive, Big Society Capital
Christine Smith – Gillespie, Director of Finance and Central Services, Thames Reach Geoff Burnand, Chief Executive, Investing for Good


5 minute transfer time


Cash investments panel debate
As many banks continue to face financial difficulties and significant changes are being made to the banking landscape, how safe are cash investments in the current economic climate? This panel debate will discuss the pros and cons of having cash investments, how to effectively manage risk while maximising returns, and how on-going changes to the banking industry will affect charities’ investment strategies.
Tim Childs, Tax and Treasury Manager, Oxfam GB 
Craig Inches, Fund Manager, Royal London Asset Management 

Catherine Porter, Head of Treasury, Cancer Research 

Endowed foundations and spending rates
When setting spending rates, endowed foundations often think about balancing the needs of beneficiaries now with those in the future, taking into account financial position and long-term goals.  This session will explore how focusing on charitable objectives when setting rates will allow you to be smarter and bolder in how you use your assets.
Richard Jenkins, Policy Adviser, Association of Charitable Foundations
Additional speakers TBC


Afternoon break and time to explore the exhibition


Closing plenary
The biggest test for many of the charities represented at the 2013 Investment Conference is how to respond to today’s low-return environment. One of the first to warn of difficulties ahead was Professor Elroy Dimson, in his talk at the 2011 Investment Conference. He highlighted the challenge posed by low interest rates, and pointed to the danger of overly optimistic estimates of future returns. Not only does over-optimism mislead, but it can also mask the need for remedial action. In his closing address, Professor Dimson will explain these investment dilemmas and discuss how we can respond to them.
Elroy Dimson, Emeritus Professor of Finance, London Business School


Closing remarks


Reception & networking

Venue Details


Inmarsat, 99 City Road, LONDON, EC1Y 1AX

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Bookings & Prices



  • CFG Member - £138.00;
  • CFG Member Colleague - £148.00;
  • CIG Charity Member - £138.00;
  • Non CFG Member - £197.00; 
  • CFG Subscriber - £276.00;
  • Other Corporate (including CIG Corporate) - £357.00;


Terms and Conditions:

Written notice of cancellations up to 21 days before an event will incur a 25% administration fee. After this time period, a 100% cancellation charge will apply. Substitutions (i.e. name changes) for the course booked can be made free of charge.

CFG reserves the right to cancel any event two weeks prior to the event date. You will be entitled to a full refund or given the opportunity to transfer to an alternative date. However we regret that we cannot refund any travel or accommodation costs incurred by delegates. CFG accepts no liability if an event is cancelled or postponed for reasons beyond our reasonable control resulting from an act of God, governmental regulation, fire, war, terrorist activity or civil commotion.

It may be necessary for reasons beyond our control to change the date, time or the venue at any time prior to the event date. If this occurs you will be informed of changes and given the opportunity to cancel or transfer to an alternative date.

CFG reserves the right to amend the content of the programme or the speakers where necessary without consulting booked delegates.

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