Rebound or Reinvention? The Two Faces of Value

Not all value stocks are created equal: some are simply out of favour, others are fixing what’s broken. Alessandro Valentini unpacks the two ‘buckets’ of value – cyclical and restructuring – through real-world examples where patience can mean powerful re-ratings.

Credit with conviction: Looking beyond the benchmark with Impax Global High Yield

Investors allocating to the high yield market typically look at credit spreads as a key signal of whether it demonstrates an attractive entry point, and to some extent rightly so. During his session, Klaus Blaabjerg, co-PM of the Impax Global High Yield strategy will lean on decades of experience to demonstrate how the market has structurally evolved into a higher quality opportunity set over time. For those considering increasing their high yield exposure, we hope this to be a useful introduction to one of the most successful portfolio management teams you may have never heard of!

Time to get real? Adapting to a different era in global equity markets

Lansdowne Partners, founded in 1998, manages active long-only equity strategies. The firm established a striking heritage in managing equity long/short hedge funds; a period that has seen the Developed Markets team successfully navigating and posting positive returns in 2008, then subsequently identifying a generational opportunity set in specific US equities. The Lansdowne (Lux) Developed Markets Fund launched in late 2023, bringing their highly focused investment engine into the world of daily-dealing UCITS investors for the first time. Jonathon Regis and Nigel Hikmet will explain their deliberately flexible, differentiated process of seeking global equity opportunities; rooted in deep due diligence and fundamental analysis combined with an understanding of shifting capital cycles and structural change; an approach that is once again seeing distinct contrast from the crowd.

The Beginning of Disruption in Quality - Why the direction of quality evolution matters much more than before

John Feeley joined Pacific Asset Management in January 2026, bringing a wealth of experience in US equities. John's philosophy is firmly centred on identifying businesses subject to under-appreciated, positive change. This approach unifies opportunities in growth, value and quality styles around a common destination of high and improving quality.

Traditional cap-weighted quality leadership has increased in risk. Today investors must search deeper than traditional market cap weighted quality to find companies that can consistently compound above their cost of capital. Despite all the headlines, John will demonstrate how the US remains one of the most attractive equity markets to find these opportunities.

Maximising yield with capital preservation at the core

Laurent Calvet and Benoit Martin will present Tikehau’s flagship Short Duration Investment Grade strategy. Discover how their conviction-led, non-benchmarked approach - powered by 17 dedicated analysts - continues to deliver long-term value. They’ll reveal how active management combined with staggered liquidity creates an attractive risk/return profile for investors.

Growth and Quality Opportunities in Emerging Markets

Emerging markets indices outperformed developed markets in 2025, with MSCI Emerging Markets TRN up 33.6% versus 21% for MSCI World TRN, prompting investors to reassess both allocation and implementation within the asset class. At the same time, heavy CAPEX cycles in developed markets, particularly in AI and energy, are weighing on free cash flows, while many EM companies offer stronger cash generation and more attractive valuations.

As concentration risks rise across global indices, selectivity is becoming as critical as allocation. This session explores how a systematic, diversified approach focused on quality can help manage risks while capturing growth opportunities in this evolving landscape.