Actifs Illiquides : une oasis dans le désert du rendement ?

You can watch the conference on the YouTube page of Université Paris-Dauphine here.

 

 


 

Thank you for your presence at the Master 203 Annual Conference on Illiquid Assets. The organisation committee and Stratefi 203, the students and alumni association of the Master 203, is proud for having you so numerous at the event and cockail.

 

Here is a summary of the main themes of the event (to be held in French):

“La conférence 2016 du master 203 avait traité du risque de liquidité dans les classes d’actifs traditionnelles.

Cette année, le comité organisateur voudrait recueillir l’avis d’expert sur les actifs qui sont, de nature, illiquides. Ces actifs sont des projets d’infrastructure, des plateformes pétrolières, etc. Cette classe d’actif autrefois réservée aux investisseurs hautement spécialisés attire aujourd’hui des investisseurs traditionnels comme des fonds de pensions ou des assureurs. Ces investisseurs faisant face à des rendements historiquement bas sur les marchés obligataires se tournent vers les actifs illiquides à la quête de rendements plus élevés.”

 

Our Moderator:


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Vincent PUCHE
President, Insti7
Founding member and President of Insti7, Vincent he assists several major investors in defining their investment strategy and steering their asset allocation.
He is a Consultant in financial investments (CIF) with institutional investors since 1995.
Vincent graduated from a French Business School and is the corresponding member of the SFAF (Société Française des Analystes Financiers.
He was head of a French financial investment advisory firm for 4 years. He was later responsible for the investment consulting business of an international consulting firm also for 4 years.
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Our main guests:


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Pedro Antonio ARIAS
Global Head of Real & Alternatives Assets, Amundi

Pedro Antonio Arias joined Amundi in 2013 to manage the alternative assets business line. Today the Platform of Alternative and Real Assets (PARA) covers Private Equity, Real Estate, Infrastructure and Private Debt.

He was previously Deputy CEO in charge of international development and real estate at the Casino group, the French retail Group. He served as board member of Casino’s major subsidiaries in Colombia, Argentina, Brazil, Uruguay, Thailand, Hong-Kong and Vietnam.

Pedro Antonio started his career in a law firm before moving to corporate and investment banking in various leading institutions. Pedro Antonio was notably involved in mergers and acquisitions across Europe and Latin America and eventually in co-head of the restructuring practice at Rothschild & Cie for Europe.

Pedro graduated from ESSEC business school and Paris-Descartes University (Law degree).


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Matthieu BARET
Partner, Idinvest
Matthieu Baret is a Partner in the Venture & Growth Capital team working mainly in the telecoms/media, software sectors.
He has overseen around 20 digital investments including Talend (completed an IPO in Nasdaq), Scality, Synthesio, Actility, Enlighted, Vestiaire Collective, Curse (acquired by Amazon), Zeturf, Erenis (acquired by SFR), Nosto, WeFox, Onfido and Zenly (acquired by Snapchat), among others.
He is also responsible for Idinvest Partners’ ESG policy and is a member of the UN-PRI (United Nations Principles for Responsible Investment) Private Equity Advisory Committee. He also regularly lectures on entrepreneurship at the CentraleSupélec engineering school.
Before joining Idinvest Partners in 2005, Matthieu was VP with responsibility for M&A and business development at Italtel, a subsidiary of Cisco and Telecom Italia. Before that, he worked for Europatweb, an investment firm founded by Bernard Arnault, and Cap Gemini Telecom. Matthieu began his career in 1994 at Bouygues Telecom, where he helped set up and launch the mobile network.

Matthieu has a degree from Centrale Supélec, a Master of Science in electrical engineering from Georgia Tech (Atlanta, USA) and an MBA from INSEAD.


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Antoine MASPETIOL
Head of Private Debt, Aviva Investors
Before joining Aviva Investors in 2014, Antoine worked in the private debt sector as well as on secured financing transactions at La Banque Postale, which he joined in 2011 as Deputy Director of the Structured Finance Division. Previously, he worked for 9 years at RBS in structuring and setting up financing for large and medium-sized companies, as well as for LBO operations.
Antoine graduated from Sciences Po Paris and from Université Paris-Dauphine.
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Olivier RENAULT
Head of European Financial Institutions Solutions, Citi

Olivier is Head of Financial Institution Solutions for the EMEA region at Citi, with a focus on balance sheet optimization and strategic asset allocation and hedging for insurance companies, banks, and pension funds. He is also responsible for sales of solutions to European institutional clients. Prior to joining Citi in April 2015, he was a Structuring & Advisory Manager at StormHarbour, a financial institutions advisory firm focused on regulatory capital and balance sheet optimization, and completed multiple securitization and asset sales transactions.

Between 2004 and 2009, Olivier worked for Citigroup, initially in structured credit strategy Europe, then in the credit derivatives structuring team, working on regulatory transactions, risk transfer and balance sheet optimization. Olivier started his career as a lecturer at the London School of Economics where he taught derivatives and financial risks. He then worked for Standard & Poor’s Risk Solutions where he was in charge of portfolio modeling projects and correlation research.

Olivier holds a Ph.D. in quantitative finance from the University of Louvain and a Master’s degree from the University of Warwick. He is the author of numerous published articles and a book on credit risk and derivative modeling.


 

This conference is sponsored by Insti7, the Quantitative Management Initiative Chair, (QMI), Addstones, the Global Association of Risk Professionals (GARP), and CFA Society France. It is organised with the support of Dauphine House of Finance.

For more information please send an email to stratefi203@master203.com