Join us for the CFA Society Swiss Pensions Conference 2026 (SPC26), where we explore the theme: “Diversification Turned Upside Down? Re-Thinking Swiss Portfolios”
Fundamental shifts in macroeconomic and interest-rate regimes are challenging long-held assumptions about portfolio diversification:
Equities and bonds have become increasingly positively correlated
Geopolitical risks have moved from tail risks to high-probability events
Traditional safe havens such as the US dollar and Japanese government bonds have weakened, while gold and precious metals have surged
At the same time, more volatility and greater dispersion in markets are creating opportunities for active management and fundamental investment approaches—marking a clear departure from the zero-interest-rate era.
These developments raise critical questions about traditional portfolio diversification. Together with leading Swiss and global experts, we will explore what this regime change means for Swiss pension funds’ asset allocation and discuss what can be done now to strengthen portfolio resilience.
We are honored to welcome Jim Grant, the legendary author of Grant’s Interest Rate Observer, as our opening keynote speaker. Renowned for his independent, value-oriented, and contrarian thinking, he will set the scene for a day of thought-provoking discussions and practical insights.
Opening Keynote: Jim Grant on the new interest-rate and macro landscape, and its implications for long-horizon asset owners
Real Estate in Transition: Zoltan Szelyes, CFA (Real Estate Macro) and Dr. Stefan Fahrländer (FPRE) on the role of Swiss and global real estate amid shifting inflation, financing costs, and demographics
Pension Fund CIO Panel: Leading Swiss CIOs discuss how they are rethinking diversification, risk management, and investment beliefs
Closing Keynote: Al Breach (Global Macro Hedge Fund Gemstock) on navigating risks and opportunities in a world of heightened geopolitical and macro uncertainty
From the breakdown of traditional diversification to a new macro and interest-rate reality, SPC26 brings together leading Swiss and global experts to unpack what’s changed—and what Swiss pension funds can do now to strengthen portfolio resilience.
A must-attend for Swiss pension professionals seeking actionable perspectives on risk, asset allocation, and opportunity capture in an era of heightened volatility and geopolitical uncertainty.
We look forward to welcoming you on June 24, 2026, at the Swiss Re Global Center for Dialogue in Rueschlikon, for an inspiring and impactful day of learning and networking.
Members of the CFA Society Switzerland can record PL credits for their participation using the online tracking tool. (Note: You will need to log in with your CFA Institute ID to access it).
Recognized Conference for Continuing Professional Development (CPD) by ASA and CSEP: The Swiss Association of Actuaries and the Swiss Chamber of Pension Fund Experts acknowledge this training day and credit it with 5 points (primary points).
Registration
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Opening / Poll Questions
- Jan-Ulrich Salchow, CFA, Committee Chair of Swiss Pensions Conference Zurich
- Mirjana Wojtal, PhD, CEO, CFA Society Switzerland
Opening Keynote
"Is Paper Money a Mistake?"
with Jim Grant of Grant's Interest Rate Observer
CIO Pension Fund Panel
- Mariusz Platek, PK Winterthur
- Andre Konstantinow, Novartis Pension Fund
- Frank Wigger, CFA, ASGA Pension Fund
Moderator - Lela Prodani, CFA, Credit Suisse Pension Fund
Coffee Break
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Parallel Sponsor Presentation - Goldman Sachs Asset Management - Main Hall
Christian H. Mueller-Glissman, CFA
Parallel Sponsor Presentation - Swiss Life Asset Managers - Break-out Room
Philip Rauh, Swiss Life Asset Managers “Powering the Digital Future: Unlocking Value in Data Infrastructure and AI-Driven Growth” Artificial intelligence and the future of data is dominating the news on a daily basis. What does it all mean from an infrastructure investment perspective?
Endless opportunities or waiting for the bubble to burst? Insights from inside.
Lunch Break
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Costa Vayenas
- The Swiss Franc - A Long-Term Perspective
Parallel Sponsors Presentation - JPAM
Main Hall
Parallel Sponsor Presentation - ROBECO - Laurens Swinkels
Breakout room
Coffee Break
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Real Estate
- Zoltan Szelyes, CFA
- Stefan Fahrländer (FPRE)
Closing Keynote
"Perspectives of a Global Macro Manager"
with Al Breach from Gemstock
Closing Remarks with Final Poll Questions followed by an Apéro
- Jan-Ulrich Salchow, CFA, Committee Chair of Swiss Pensions Conference Zurich
- Mirjana Wojtal, PhD, CEO, CFA Society Switzerland
Apéro Riche
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CEO, CFA Society Switzerland
Senior Investment Consultant, ECOFIN Investment Consulting
Executive Director - Senior Portfolio Manager, Pensionskasse, Credit Suisse Group (Schweiz)
Editor, Grant’s Interest Rate Observer
Head of Investments, Deputy Managing Director, Pension Fund of the City of Winterthur
CIO, Novartis Pension Fund
CIO, Asga Pension Fund
CIO, Genesis Investment Partners
Dr. rer. oec. (1970) Economist and Econometrician, Farmer Founder, Chairman of the Board of Directors
CEO, Macro Real Estate AG
Co-Founder and co-CIO / Lead PM of Gemsstock Limited, the Investment Manager of the Gemsstock Fund
Goldman Sachs, Global Investment Research London
Head of Operations and Products, Infrastructure Equity, Swiss Life Asset Managers
Head of Solutions Research, Robeco
To register and purchase tickets, members and guests must register and log in with a CFA Institute ID number.
Swiss Pensions Conference is reserved for pension fund managers (foundation board, investment committee) and their staff, as well as their advisors (ticket price 75 CHF). A limited number of tickets are available for professional investors (ticket price is 150 CHF for members of CFA Society Switzerland and 300 CHF for non-members).
Financial service providers and their employees performing commercial functions are excluded from participation.
Registration is subject to approval.
A full refund will be granted if cancellation is made by the attendee online and is possible up to 10 business days before the conference. In the event of a postponement, participants can decide whether their tickets should be transferred to the new date or refunded in full. For media inquiries and press passes, please contact events@cfasocietyswitzerland.org.