10:00am - 10:45am

Registration and coffee

10:45am - 11:00am

Welcome

Condoleezza Rice, who was the 66th Secretary of State of the United States, will join Professor Stephen Kotkin in conversation about leadership and managing 21st century political risk.

Chair

Stephen Kotkin

Senior Fellow at the Hoover Institution and at the Freeman Spogli Institute, Stanford University; and Birkelund Professor Emeritus at Princeton University
chair

Synthetic biology has been described as a transformational technology that will lead to a better world. So what is it and how will it help to feed the planet, conquer disease, fight pollution and transform industries?

Chair

Stephen Kotkin

Senior Fellow at the Hoover Institution and at the Freeman Spogli Institute, Stanford University; and Birkelund Professor Emeritus at Princeton University
chair
1:00pm - 2:00pm

Lunch

One of the world’s leading experts on survey research, chief scientist of YouGov and a successful Silicon Valley entrepreneur will take delegates on a journey through the course of the upcoming presidential election where there is expected to be contested primaries, trials of Donald Trump, an economy that will contradict some expectations and major international conflicts.

INCLUDES TABLE DISCUSSION

Doug Rivers

Professor of Political Science, Stanford department of Political Science; senior fellow Hoover Institution
speaker
Chair

Stephen Kotkin

Senior Fellow at the Hoover Institution and at the Freeman Spogli Institute, Stanford University; and Birkelund Professor Emeritus at Princeton University
chair

This session will explore how financial systems impact economic growth and stability in areas including technological innovation and prosperity. It will examine how regulatory policies shaping competition and the incentives of financial intermediary executives exert first-order effects on living standards. An expert in financial intermediaries, he will also examine the ludicrous question: What if Trump gets rid of the Fed?

Ross Levine

Senior fellow, Hoover Institution, Stanford University
speaker
3:45pm - 4:15pm

Afternoon tea

After more than 100 years of historic success, the fundamentals of the energy industry are rapidly changing, driven by three ‘D’s: decarbonisation, diversification and digitisation. The question is what pathways or approaches should a business, industry, nation or region adopt to address the future challenges while navigating, leveraging and shaping the three-‘D’ landscape? This talk will offer some thoughts on addressing this paramount challenge. It will also highlight the need to innovate – to experiment with new ideas, knowing some of them will fail, but hopefully fail quickly and, more importantly, teach a lot in the process.

5:45pm - 7:00pm

Cocktail Reception | Hatfield Courtyard

8:30am - 8:45am

Registration and tea/coffee

8:45am - 9:00am

Welcome

Strategic secular trends are pointing towards a regime shift in the next decade relative to the last. This session will examine these trends including re-globalisation, changing trade relationships and fiscal dominance and the implications for asset allocators.

We’ve entered a new phase where differences in pressures across countries are likely to drive central banks to “go their own way” managing policy around domestic conditions, resulting in increased macro volatility and potentially large differences in asset and FX returns. Is this the exception or a return to the norm? How is the forward-looking environment similar to the old school rates environment prior to the financial crisis, and how is it different? What are the risks and opportunities for investors.

10:20am - 10:50am

Morning tea

10:50am - 11:30am

AI does not have a predetermined future and can develop in different directions. This session will examine the various paths and the impacts that may have on productivity growth, the labour market and industrial concentration.

Chair

Stephen Kotkin

Senior Fellow at the Hoover Institution and at the Freeman Spogli Institute, Stanford University; and Birkelund Professor Emeritus at Princeton University
chair

Long-term structural change in the economy does not happen every day and it is an investor’s goal to be there when it does. This session will look at AI’s potential for transformative technological change.

John Donnelly

Managing director, Jennison Associates
speaker

This session we will explore the transformative power of AI in conventional asset management approaches and the potential benefits for institutional investors. It will delve into practical applications that harness AI's processing power, from running NLP over big datasets to employing supervised learning models in quant investing 2.0 for stock selection.

This session will examine how institutional investors can embrace advanced technology to innovate and reboot their organisations for long-term performance.

INCLUDES TABLE DISCUSSION

1:30pm - 2:20pm

Lunch

An environment of low growth and compressed earnings is an interesting environment for investors. In the past year opportunities in distressed debt, for example, have increased threefold. So where should investors be looking for opportunities?

INCLUDES TABLE DISCUSSION

3:00pm - 3:35pm

An examination of the Stanford endowment’s portfolio and purpose.

3:35pm - 4:00pm

Afternoon tea

This session will examine the need to be pragmatic in optimising the investment returns of the transition to net zero. It will explore why exclusions are not the answer to a holistic multi-sector approach to global equities and the transition, and the importance of targeted engagement to more fully understand the 360-degree investment case around a company and making a lasting impact.

4:40pm - 5:10pm

A discussion about the “California model” an evolution of climate investing that looks across asset classes, has an alpha generation mandate and engages with legislatures and other stakeholders.

6:45pm - 7:00pm

Transport to conference dinner | Pick up from the Sheraton Lobby

7:00pm - 10:00pm

Conference dinner | Birdie's Clubhouse at Stanford Golf Course

8:30am - 8:45am

Registration and tea/coffee

8:45am - 9:00am

Welcome

Institutional investors are not doing enough to manage risk dynamically, according to Nobel Prize winner and academic Myron Scholes. In this session he outlines the need for more forward-looking, holistic next-generation risk management that is an active component of investment management, not just a measurement.

Myron Scholes

The Frank E. Buck Professor of Finance, Emeritus, Stanford Graduate School of Business; Nobel Prize Winner
speaker

This panel will explore how asset owners are striving to achieve a comprehensive total portfolio view amidst an evolving landscape of expanding asset classes, diverse data sources, and advancing portfolio management tools. It will look at the challenges of holistically assessing risk and return across the entirety of a portfolio including enhancing the alignment of private versus public market data; asset allocation versus actual implementation; and portfolio management versus risk management.

INCLUDES TABLE DISCUSSION

10:30am - 11:00am

Morning tea

This session examines the drivers of stock-bond correlations and assesses the potential of a secular shift in the stock-bond correlation and implications for asset allocation and portfolio construction. The session also examines the outlook for inflation and fixed income markets.

11:45am - 12:30pm

Chief investment officers from around the globe share the experiences of how they are looking at global macro risks and opportunities and what actions they are considering to future-proof their portfolios.

12:30pm - 1:15pm

Lunch

Embracing neurodiversity might not just be the key to unlocking collaboration, creativity and productivity; it could be the key to better performance in investment management.

INCLUDES TABLE DISCUSSION

Chris Yeh, revered venture capital investor and co-author with Reid Hoffman of Blitzscaling, a new book written in less than 30 days using AI, in conversation with Todd Ruppert.

INCLUDES TABLE DISCUSSION

The skirmish over technological innovation, control and domination is key in understanding relations between the US and China and needs to be carefully assessed.

Stephen Kotkin

Senior Fellow at the Hoover Institution and at the Freeman Spogli Institute, Stanford University; and Birkelund Professor Emeritus at Princeton University
speaker
3:30pm - 3:40pm

Conference close