【Join Seminar (CFA Society Japan & Canadian Chamber of Commerce in Japan)】
Title: Trend in North American Pension Market and Introduction of Value-Oriented Approach
Date: August 9th (Friday), 2019, 10:15-12:30
Venue: Embassy of Canada to Japan in Tokyo
Address: 4F, 7-3-38 Akasaka, Minato-ku [Map]
東京都港区赤坂 7-3-38 4F【地図】
※Please note that this seminar will be held at Embassy of Canada to Japan in Tokyo.
Specialty Focus Areas: Equity Investments (CE credit eligible)
Speaker: Mr. ARJUN KUMAR, HBA, MBA, CFA (Sprucegrove Investment Management, Board of Director)
Ms. TASLEEM JAMAL, B.Comm., BA, MBA, CFA (Sprucegrove Investment Management, Vice President, Head of Marketing & Client Services)
North American pension funds have grown their assets more quickly than their global peers over the past decade. This was driven by the strengthening US dollar and a greater emphasis on investing in equities, which posted strong gains. Overall the world's biggest pension funds have also begun growing again. This growth is, in part, symptomatic of bond-buying programmes by the world's biggest central banks, known as quantitative easing, which have driven asset prices up in the decade since the financial crisis.Over the same period, low interest rates have made returns increasingly elusive for investors. Japan's Government Pension Investment Fund is an example of an investor that has improved returns after a shift in strategy. In 2014, the GPIF signalled a change into riskier assets and away from low-yielding bonds.
With that background, we look forward to introducing a value oriented investment approach by a Canadian based firm has demonstrated a proven track record of managing US and Canadian pension assets in global equity markets for over 30 years.
We invite you to join us for a presentation by an international equities manager that is focused on delivering outperformance over the benchmark with less risk in the long run.
10:15-10:20 Opning Remarks by Masataka Aoto, CFA (Board Director, Chair of Program Committee, CFA Society Japan)
10:20-10:45 "Update investment policy & strategy of pension funds in North America" presented by Tasleem Jamal, CFA (Sprucegrove Investment Management)
10:45-11:25 "Unique approach in global equity investment by a Canadian Manager" presented by Arjun Kumar, CFA (Sprucegrove Investment Management)
11:30-11:45 QA Session
11:45-11:50 Closing Remarks by Neil Vanwouw, President, The Canadian Chamber of Commerce in Japan
11:50-12:30 Networking Lunch
ARJUN KUMAR, HBA, MBA, CFA
Mr. Kumar graduated from the University of Toronto with an Honours Bachelor of Arts (Economics & Commerce) degree in 1998.
Upon graduation, Mr. Kumar worked as an Account Manager for Procter & Gamble, focusing on the sales and marketing of consumer products. Subsequently, he joined Accenture as a senior consultant - working within the process and strategy competencies area.
Mr. Kumar obtained an MBA from the University of Toronto in 2002.
Mr. Kumar joined Sprucegrove in 2002 as an Investment Analyst, focusing on global equities. In 2010, Mr. Kumar was promoted to Senior Investment Analyst, with a larger role in mentoring and training new Analysts. As an analyst Mr. Kumar's broad coverage included companies globally, particularly in technology, banking and emerging markets. Mr. Kumar was promoted to Assistant Portfolio Manager in 2013 and in 2014, Mr. Kumar was appointed Portfolio Manager and Co-Lead of the International Equities strategy, a role in which he currently holds. Mr. Kumar joined the Sprucegrove Business Management Committee in 2015 with the responsibility for managing the day-to-day running of the business. In 2017, Mr. Kumar was appointed to the Sprucegrove Board of Directors, which oversees the strategic direction and compensation for the firm.
Mr. Kumar is a CFA charterholder.
TASLEEM JAMAL, B.Comm., BA, MBA, CFA
Ms. Jamal graduated from McMaster University with Bachelor of Commerce and Bachelor of Arts (Psychology) degrees in 1996 and with an MBA (Finance) in 1999. In 1998, Ms. Jamal joined Ernst & Young Investment Advisory Services as an Investment Analyst and in 2000 she was promoted to Vice President. In this role she provided investment consulting services and managed the performance reporting team of analysts. In 2003, she joined Hewitt Associates as an Investment Consultant providing a variety of institutional client's investment consulting services including asset allocation, investment policy development, manager reviews and searches. In 2007, she joined Burgundy Asset Management where she focused on client relationship management and business development for Burgundy's Canadian institutional clients. Ms. Jamal was appointed Vice President of the firm in July 2010.
Ms. Jamal joined Sprucegrove in 2010 as Vice President, Marketing & Client Services and was promoted to Vice President, Head of Marketing & Client Services in 2014, overseeing all Marketing & Client servicing operations for North America. Ms. Jamal was appointed to the Business Management Committee in 2014, which is responsible for the day-to-day management of Sprucegrove.
Ms. Jamal is a CFA charterholder.