Lonsec Symposium 2023 – Back to Basics

Back to Basics

Lonsec Symposium 2023

That’s a wrap!

Thank you for joining us at Lonsec Symposium 2023. We’re proud to deliver a great conference with over 1100 participants.

Partner Insights

We are proud to present curated insights and ideas from our partners and keynote speakers


Following a sell-out event last year, we are again bringing together leading fund managers, commentators, and industry participants to discuss the investing outlook as we go ‘Back to Basics’.

During the last decade, economies and markets shifted into the uncharted territory of ultra-low interest rates, ample liquidity, and strong capital growth from equities. While many commentators were questioning whether this was “the new norm”, it created an environment where the focus on risk was marginalised as the strength of equities overtook the need to have negative yielding bonds in portfolios.  However, our world has changed yet again with the aggressive reappearance of inflation. Interest rates are rising, equity markets and bonds have experienced negative returns, and inflation is here to stay and already making a dent in our everyday living expenses.

With the need for a more sophisticated and nuanced approach to portfolio construction, this Lonsec Symposium will focus on how to evaluate and manage multifaceted portfolio risks and what fundamentals to look for when evaluating investment opportunities.

A full schedule of the Lonsec Symposium will be available in the coming weeks.
Seats are limited, so register today to secure your spot.

Lonsec is committed to providing ongoing education opportunities for all our clients and as such, this event is free to attend. CPD points will be available for all sessions of the Lonsec Symposium you attend.


  • 08.30 - 09.00

    Arrival, coffee and registration

  • 09.00 – 09.15


    09.00 – 09.15

  • 09.15 - 10.00

    Session #1 Geopolitics | The return of history and polycrisis

    Keynote Speaker

    Prominent American political scientist, Francis Fukuyama, thought the end of the Cold-War marked the end of ideological conflict. But history has come roaring back as ideological divisions divide the world once more and geopolitical risk escalates. The world is facing a polycrisis. Multiple systemic disturbances – from the Ukraine conflict to rising US-China tensions, accelerating deglobalization and a high stakes tech war – are creating the most volatile, unpredictable and challenging investment environment since World War Two.

    Dr. Alan Dupont AO, CEO and Founder – Cognoscenti Group

  • 10.00 – 10.45

    Session #2: The Macroeconomic Perspective: Move fast and break things

    The hiking cycle has been aggressive. The delayed and variable lags of monetary policy tightening are now creating obvious stresses in the financial system and cracks in the economy. Inflation is falling, but slowly, and the cost to get it back to target may break the economy rather than bend it.  Have the new stresses raised the spectre of a renewed credit crunch? Will consumers remain resilient as labour markets are tight? Meanwhile, China moves to its own drum beat but is a stronger China enough to put the world back on its feet? This session will discuss these and other key questions for the economic outlook locally and around the world.

    Veronica Klaus, Head of Investment Consulting, Lonsec (Moderator)

    Kerry Craig, Executive Director Global Market Strategist, JP Morgan

    10.00 – 10.45

  • 10.45 – 11.00

    Morning Tea

  • 11.00 – 11.45

    Session #3 Equities | After the reincarnation of value, is growth dead?

    After a five year hiatus, 2022 saw a resurgence of Value stocks, spurred on by events in Ukraine and a more aggressive than expected US Fed Reserve. Traditional Value stocks, particularly within the Energy and Financials sectors, accelerated during 2022 and provided a respite from the negative performance witnessed across broader equities market.

    Despite the stronger relative performance of the MSCI World ex-Australia Value Index, it only managed to finish the year flat and year to date, performance appears to have tilted back in favour of Growth.
    During the panel discussion in this session, we will ask if Growth is dead, have we seen a sustained reincarnation of Value and how should investor be positioned to Value and Growth going forward?

    Hong Hon, Global Equities, Manager, Lonsec (Moderator)

    Philipp Hofflin, Portfolio Manager/Analyst, Lazard

    Ned Bell, CIO, Bell Asset Management

    Peter Green, Director of Lonsec Research

    11.00 – 11.45

  • 11.45 - 12.30

    Session #4 Are Bonds back in Vogue?

    After a decade of record low bond yields, 2023 appears to be the year bonds will be back in vogue following the great reset for bond markets in 2022.
    With today’s higher starting yields across fixed income markets, together with less aggressive interest rate hikes expected, fixed income is poised to deliver potential attractive returns and diversification benefits to investors’ portfolios.

    However, we are not out of the woods just yet. Risks remain for core bonds if inflation remains stubbornly high, while the riskier fixed income assets will be challenged in a recessionary environment and default cycle. What will be the 2023 playbook for fixed-income investors?

    Anthony Kirkham, Head of Melbourne Operations and Investment Portfolio Manager, Western Asset

    Stuart Dear, Head of Australian Fixed Income, Schroders

    Ron Mehmet, Senior Investment Consultant, Lonsec

    Isrin Khor, Fixed Income, Manager, Lonsec Research

  • 12.45 - 13.30

    Lunch Break

    12.45 - 13.30

  • 13.30 - 14.10

    Session #5 Private vs Public | The great debate

    As the access to private assets become democratised over the past few years, investors have been attracted to the potential returns and portfolio diversification offered by them. But do the risks outweigh the opportunities offered to investors, especially ‘retail’ investors?

    The first of our debate sessions will bring together fund managers from across the private/public asset spectrum to examine whether private assets have a valuation issue, data transparency across the asset class, liquidity risks in a stressed market, and if exposure to private assets just double down on ‘factor’ risks that clients are already exposed to elsewhere in their portfolio.

    Brett Lewthwaite, CIO and Global Head of Fixed Income, Macquarie Asset Management

    Gabriel Ng, Managing Director, Neuberger Berman

    Andrew Lockhart, Managing Partner, Metrics Credit Partners

    Stephen Hayes, Head of Global Property Securities, First Sentier Investors

    Darrell Clark, Deputy Head of Research and Manager, Alternatives, Lonsec (Moderator)

  • 14.10 – 14.40

    Session #6 Passive vs Active | Which is right for the environment?

    It is an age old debate – which type of management style is the ideal? Is a Passive (or Smart Beta) approach more relevant to investors, especially with the explosion of Passive / Smart Beta fund available over the last several years. Or is Active management the more ideal, where the potential for a recession and an uncertain return profile is potentially creating opportunities for active managers?

    The twist for this Lonsec Symposium debate session is: in the current environment, which type of management is ideal and why?

    We will bring together two leading fund managers to outline the case for their different approaches, as well as the role each type of manager can play in your clients’ portfolios. We will then let you vote on which approach is right for the current environment.

    Rob Tucker, Managing Director and Portfolio Manager, Chester Asset Management

    Cameron Gleeson, Senior Investment Strategist, Betashares

    Brook Sweeney, Senior Investment Consultant, Lonsec (Moderator)

    14.10 – 14.40

  • 14:40 - 14:55

    Afternoon Tea

  • 15:25 - 16:10

    Session #7 ESG and Sustainability: what type of companies do managers buy?

    We’ve come a long way in terms of market evolution regarding responsible investing. Most are now familiar with ESG ≠ Sustainable ≠ Ethical ≠ Impact but how does a fund manager make a difference and what does that mean in terms of how a portfolio is constructed? Do you get what you expect in a portfolio and how do you work out if it aligns with your client’s expectations?

    Tony Adams, Head of Sustainable Investment Research, Lonsec (Moderator)
    Jessica Cairns, Head of ESG & Sustainability, Alphinity
    Crispin Murray, Head of Equities, Pendal Group

    15:25 - 16:10

  • 16.15 - 17.15

    Networking - Drinks & canapes served


To view speaker bio’s please click on the speakers name.

Alan Dupont

Founder and CEO of Cognoscenti Group

Anthony Kirkham

Head of Melbourne Operations and Investment Management/Portfolio Manager, Western Asset

Brett Lewthwaite

Chief Investment Officer and Global Head of Fixed Income, Macquarie Asset Management (MAM)

Darrell Clark

Deputy Head of Research and Manager, Multi-Asset, Lonsec

Hong Hon

Manager, Global Equities, Lonsec

Isrin Khor

Manager, Fixed Income, Lonsec

Kerry Craig

Executive Director Global Market Strategist, J.P. Morgan Asset Management

Lorraine Robinson

Executive Director, Lonsec

Ned Bell

Chief Investment Officer (CIO), Bell Asset Management

Philipp Hofflin

Portfolio Manager/Analyst, Lazard Asset Management

Ron Mehmet

Senior Investment Consultant, Lonsec

Stuart Dear

Head of Australian Fixed Income, Schroders

Tony Adams

Head of Sustainable Investment Research, Lonsec

Veronica Klaus

Head of Investment Consulting, Lonsec

Andrew Lockhart

Managing Partner

Metrics Credit Partner

Peter Green

Peter Green

Director, Lonsec Research

Gabriel Ng

Gabriel Ng, Managing Director

Stephen Hayes

Head of Global Property Securities

Rob Tucker

Managing Director and Portfolio Manager, Chester Asset Management

Crispin Murray

Head of Equities, Pendal

Cameron Gleeson

Senior Investment Strategist, Betashares

Tony Nejasmic

Head of Strategic Accounts

Jessica Cairns

Head of ESG & Sustainability

Nick Field

Portfolio Manager, Implemented Portfolios



The Fullerton Hotel

1 Martin Place

Sydney, NSW 2000

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