Charity Investment Training for Trustees and Investment SeminarProgramme

In conjunction with Wrigleys Solicitors LLP

Wednesday 11th June 2014 – 09.30am to 4.00pm Cutlers’ Hall, Sheffield

This conference is free of charge

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Part one Trustee training What every charity trustee needs to know about their legal and investment responsibilities in layman’s terms: arming yourself with questions to tackle your advisers with! This training is based on the Foundation Course that we run on behalf of the Charity Finance Group (CFG). In recent years we have trained over 3,000 trustees and finance directors. We will use the recently launched 18th Edition of the Sarasin & Partners Compendium of Investment as the ‘text book’.

09.30-09.55 Registration and coffee

09.55-10.00 Welcome and introduction John Handford

10.00-10.30 Role of Charity Trustees – Legal Responsibilities Godfrey Smallman, from Wrigleys Solicitors LLP, will comment on the duties of Charity Trustees in relation to the investment of charitable funds, including reflections on some aspects which are of particular concern to the Charity Commission.

10.30-13.00 Understanding your investments Even though the day-to-day management of a charity’s investments is usually delegated, trustees retain the ultimate responsibility and liability. When matching an investment objective and benchmarks to a charity’s wider goals, an understanding of the investment landscape is important. Robert Boddington and Oliver Bates will cover the following topics:

• A thorough review of different asset classes charities invest in • A history of endowment returns and sustainable spending level • Future returns: Realistic assumptions • What to consider when creating a strategic investment policy • Implementing your investment policy: appointing (and managing!) a manager

This is designed as an interactive session: questions are welcome as we work through the subject matter. There will be a 10-minute leg stretch at an appropriate moment.

13.00-14.00 Buffet lunch All welcome to attend

Part two Investment seminar – Snakes & Ladders

14.00-14.05 Welcome and introduction John Handford

14.05-14.20 Setting up the board: Long-term returns and sustainable withdrawals Robert Boddington considers the key messages from the latest edition of the Sarasin & Partners

Compendium of Investment. What have investors achieved in the past and what returns are likely over the period ahead?

14.20-14.35 Surprises for the unwary investor The assumption that long-term trends will revert to the mean is all well and good. However, one-off

events and paradigm shifts can have major consequences. Graeme Bruce considers what might trip up the unwary investor. Is landing on a snake equally bad for everyone?

14.35-14.50 Climbing ladders: the case for above-average returns Despite several years of attractive returns, it would not be unusual if portfolios benefited from

a further rise in equities and other assets. Aram Compton analyses how markets could surprise on the upside and where profitable opportunities might lie.

14.50-15.00 Break

15.00-15.20 Selecting stocks with thematic credentials Join a Sarasin & Partners stock review meeting with our analysts and fund managers,

considering which stocks should be included in our clients’ portfolios. Will you agree with their analysis and conclusions?

15.20-15.40 A numbers game: how inflation influences real returns and our tactical approach to the year ahead Paul Cooper reviews where we are in global markets, how inflation is likely to influence returns over the period ahead and how our portfolios are currently positioned.

15.40 Tea

Conference programme

Paul Cooper, Partner, Sarasin & Partners Paul has worked for the Sarasin Group since October 1991; first in Basel, Switzerland, then in London and, since August 2008, in Dubai as Managing Director & SEO of Sarasin-Alpen & Partners Ltd. Paul has occupied a number of investment roles, including Senior Portfolio Manager, Head of Research, Head of Emerging Markets and Deputy Chief Investment Officer.

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Speakers’ biographies

John Handford, Head of Charity Marketing, Sarasin & Partners John joined Sarasin as Head of Charity Marketing in 2011 after a career in the Army where he saw varied operational service. Much of his experience has been multinational in the climate of military, civilian and interagency cooperation. More recently he managed his Regimental Charities dealing with governance, funds and fund raising.

Godfrey Smallman, Senior Partner, Wrigleys Solicitors LLP Godfrey is a charity specialist whose charity client portfolio includes a number of ancient and well known grant making foundations, particularly in the North of England. His special interest is in relation to education and religious charities. Godfrey is also a charity trustee and advises on ecclesiastical legal matters.

Robert Boddington, Partner, Sarasin & Partners Robert joined in 1988 and has nearly 30 years’ investment experience. He is a Partner and has specialised in charity investment management since 1992. Robert is an Associate of the Chartered Institute of Secretaries and a Fellow of the Chartered Institute for Securities & Investment.

Oliver Bates, Partner, Sarasin & Partners Oliver joined Sarasin & Partners in September 2008, following a 20-year career at HSBC Global Asset Management (formerly James Capel & Co), where he was previously Head of Charities. Oliver is also a trustee of the Prostate Cancer Research Centre located at the Institute of Urology, at University College, London. Oliver is primarily responsible for the management of charity portfolios, as a member of the core Sarasin & Partners charity team.

Graeme Bruce, Investment Manager, Sarasin & Partners Graeme has investment responsibilities for domestic and international portfolios at Sarasin & Partners. Graeme holds the Chartered Institute for Securities & Investment Diploma, alongside a BA Honours Degree in Politics from the University of Sheffield and a number of Financial Planning qualifications. He is a Chartered Member of the Chartered Institute for Securities & Investment.

Aram Compton, Associate Partner, Sarasin & Partners Aram joined Sarasin in 2007 and works within the multi-asset team managing a number of the GlobalSar Funds. His previous experience includes equity-linked bond origination at ABN Amro Rothschild, and sell-side research at Jefferies International. Aram is a CFA charterholder with a BSc in International Securities, Investment & Banking from the ICMA Centre, Henley Business School.

Iain McNaught, Equity Research Analyst, Sarasin & Partners Iain joined Sarasin & Partners in 2012 and is a member of the global thematic equity research team, specialising in technology and telecommunication stocks. Iain spent 13 years at Schroders as a fund manager, where he covered technology, media and telecommunication stocks. Iain has a degree in Civil Engineering from Imperial College, London and has been a CFA Charter holder since 2003.

Alex Hunter, Business Partner, Sarasin & Partners Prior to joining Sarasin in 2007, Alex spent four years at US hedge fund Arnhold and S.Bleichroeder Advisers. From 1996 to 2003 Alex worked at Morgan Stanley, where he was the number one rated equity analyst in the aerospace sector. He is the theme manager for the Franchise Power theme and is part of our Global Equities team.

Sarasin & Partners Sarasin & Partners LLP is a London-based asset management group that manages investments on behalf of charities, institutions, intermediaries, pension funds and private clients, from the UK and around the world. The group employs over 207 people and manages approximately £13.8 billion (m16.5billion)*.

Sarasin & Partners is known both as a market leader in thematic investment and for long-term income and dividend management across multi-asset and equity mandates. Consistent with a longer-term approach is a commitment to ‘stewardship’ principles, embedding environmental, social and governance considerations into the investment process.

Sarasin & Partners is 60% owned by Bank J. Safra Sarasin Ltd and 40% owned by its partners. J. Safra Sarasin Group is one of largest private banking groups in Switzerland.

*data as at 31.12.13

Wrigleys Solicitors LLP Noted as being “a reliable and efficient team that understands the charity sector and maintains a friendly and open approach”, Wrigleys Solicitors is a niche firm with over 170 staff and specialises in advising charities and not for profit organisations from offices in Sheffield and Leeds.

It has a 22 strong charity team, making Wrigleys one of the largest charity law firms outside London. Wrigleys handles the full range of charities work, including financial services matters, charity governance, mergers and acquisitions, employment and charity property.

Cutlers’ Hall Church Street, Sheffield S1 1HG

From Sheffield Station10 minutes’ walk or 10 minutes by tram (head towards City Centre). We are directly opposite the Cathedral.

By Car from the M1 (5 Minutes)Exit at junction 33, heading for Sheffield City Centre, all the way along the Sheffield Parkway. At the roundabout take the 4th exit following the road around. On the right you will see signage for the Crucible Theatre & Lyceum Theatre. Turn Right at the filter lights and enter the NCP car park on your left. NCP postcode for Sat-Nav is S1 1DL and it is on Arundel Gate.

RSVP Valentina Hall on 020 7038 7042 or via email at events@sarasin.co.uk

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Cutlers’ HallHospitality

Organisers

Venue and contact details

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