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Confirmed Public Funds & Consultants |
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ASSET CONSULTING GROUP, INC.
BALTIMORE RETIREMENT SYSTEMS
BOSTON (MA) RETIREMENT SYSTEM
BOSTON FIREFIGHTERS LOCAL 718
BOSTON (MA) WATER & SEWER COMMISSION
BOSTON (MA) WATER & SEWER COMMISSION
BROOKLINE RETIREMENT SYSTEMS
BROOKLINE RETIREMENT SYSTEMS
CAMBRIDGE RETIREMENT SYSTEM
CAMBRIDGE RETIREMENT SYSTEM
CAMBRIDGE RETIREMENT SYSTEM
FIREMEN'S ANNUITY & BENEFIT FUND OF CHICAGO (IL)
CITIGROUP CONSULTING
CITY OF BOSTON PENSION FUND
CLEARWATER EMPLOYEES’ PENSION FUND
CLONTARF CAPITAL
STATE OF CONNECTICUT
CITY OF CRANSTON (RI)
CITY OF CRANSTON (RI)
DAHAB ASSOCIATES
EQUITAS CAPITAL ADVISORS LLC
ETF CONSULTANTS LLC
EVALUATION ASSOCIATES LLC
EVALUATION ASSOCIATES LLC
G.M.P. EMPLOYERS/RETIREES TRUST
GE ASSET MANAGEMENT INCORPORATED
PROFESSIONAL FIREFIGHTERS OF GEORGIA
STATE OF GEORGIA
GEORGIA SHERIFFS YOUTH FOUNDATION INC.
GEORGIA SHERIFF'S YOUTH HOMES FOUNDATION INC.
GEORGIA SHERIFF'S YOUTH HOMES FOUNDATION INC.
GEORGIA SHERIFF'S YOUTH HOMES FOUNDATION INC.
THE STATE OF IDAHO
ILLINOIS MUNICIPAL RETIREMENT FUND
INKSTER (MI) POLICE & FIREMEN'S PENSION BOARD
INTERCOM CONSULTING - THE INTERNATIONAL ASSOCIATON OF SMALL BROKER-DEALERS
THE MUNICIPAL FIRE AND POLICE RETIREMENT
SYSTEM OF IOWA
THE STATE OF IOWA
JACKSONVILLE (FL) POLICE & FIRE PENSION FUND
JACKSONVILLE POLICE & FIRE PENSION FUND
CITY OF LAUDERHILL (FL) PENSION FUND
CITY OF LAUDERHILL (FL) PENSION FUND
CITY OF LAUDERHILL (FL) PENSION FUND
CITY OF MANCHESTER (NH)
STATE OF MASSACHUSETTS
MASSACHUSETTS PENSION RESERVES INVESTMENT MANAGEMENT
MEKETA INVESTMENT GROUP
MERCER INVESTMENT CONSULTING
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MIDDLESEX RETIREMENT SYSTEM
MONTGOMERY (MD) COUNTY GOVERNMENT RETIREMENT SYSTEM
NAVY EXCHANGE SERVICE COMMAND
NAVY EXCHANGE SERVICE COMMAND RETIREMENT TRUST
CITY OF NEWPORT (RI)
NEWPORT'S TRUST AND INVESTMENT COMMISSION
CITY OF NEW LONDON (CT)
NEW JERSEY DIVISION OF INVESTMENT
NEW ORLEANS MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM
NEW ORLEANS MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM
N.Y.C. COMPTROLLER'S OFFICE
NEW YORK CITY PENSIONS SYSTEM
NEW YORK CITY RETIREMENT SYSTEMS
NORTH DAKOTA STATE TREASURER'S OFFICE
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
OMAHA POLICE & FIRE PENSION SYSTEM
ONTARIO MUNICIPAL EMPLOYEES RETIREMENT SYSTEM
ONTARIO PUBLIC SERVICE EMPLOYEES UNION
STATE OF PENNSYLVANIA
PHILADELPHIA BOARD OF TRADE
CITY OF PHILADELPHIA BOARD OF PENSIONS & RETIREMENT
CITY OF PHILADELPHIA BOARD OF PENSIONS & RETIREMENT
CITY OF PINELLAS PARK FIREFIGHTER'S PENSION BOARD
PLYMOUTH COUNTY RETIREMENT ASSOCIATION
CITY OF PONTIAC GENERAL EMPLOYEES RETIREMENT SYSTEM
PUNTER SOUTHALL & CO, LLC
PUNTER SOUTHALL & CO, LLC
EMPLOYEES' RETIREMENT SYSTEM OF RHODE ISLAND
STATE OF RHODE ISLAND
STATE OF RHODE ISLAND
STATE OF RHODE ISLAND
RICHMOND VA RETIREMENT FUND & VA. 529 COLLEGE SAVINGS PLAN
SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND
STAMFORD POLICE PENSION FUND
STAMFORD POLICE PENSION FUND
CITY OF TAMPA
CITY OF TAMPA (FL) FIRE AND POLICE PENSION FUND
TEXAS PERMANENT SCHOOL FUND
TIMBERVEST, LLC
VIRGINIA RETIREMENT SYSTEM
VIRGINIA COLLEGE SAVINGS PLAN
VIRGINIA COLLEGE SAVINGS PLAN
VODIA GROUP
CITY OF WATERBURY
TOWN OF WEST HARTFORD PENSION
WHITMAN & ASSOCIATES
WHITMAN & ASSOCIATES
WILSHIRE ASSOCIATES
WORCESTER RETIREMENT BOARD
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Confirmed Asset Managers, Hedge Funds, Funds of & Other Participants |
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AURUM CAPITAL PARTNERS, S.A.
BLACKROCK
CAP FUND, L.P.
CUSTOM HOUSE CAPITAL PARTNERS
EATON VANCE MANAGEMENT
EATON VANCE MANAGEMENT
EFI ACTUARIES
FAIRVIEW PARTNERS, LLP
FERRELL CAPITAL MANAGEMENT
FISHER INVESTMENTS
GOLDENTREE ASSETT MANAGEMENT
GOLDENTREE ASSETT MANAGEMENT
GOLDMAN-SACHS
HGK ASSET MANAGEMENT
KIRBY MCINERNEY & SQUIRE, LLP
MACLAREN ADVISORS, LLC
MELVIN & COMPANY
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MERCURY PARTNERS, LLC
MUIRFIELD CAPITAL MANAGEMENT
NEWPORT NATIONAL ADVISORS
NIXON PEABODY LLP
NIXON PEABODY LLP
NIXON PEABODY LLP
PERMAL ASSET MANAGEMENT
PERMAL ASSET MANAGEMENT
PREMIER PACIFIC VINEYARDS
PREMIER PACIFIC VINEYARDS
QUANTITIVE FINANCIAL STRATEGIES
RAMIREZ & COMPANY, INC.
ROBECO BOSTON PARTNERS
STATE STREET SECURITIES FINANCE
TACTICAL GLOBAL MANAGEMENT LTD.
TRUSCO CAPITAL MANAGEMENT
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WEDNESDAY, July 11, 2007
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7:15 am
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Opal Financial American Cup Sailboat Regatta
Sponsored By:
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11:00
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Registration
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12:00 pm
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CLOSED PANEL - INVESTOR ONLY ROUNDTABLE
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12:55
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Opening Remarks
John Keane, Executive Director-Administrator, JACKSONVILLE POLICE & FIRE PENSION FUND
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1:00
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Next Generation Approach to Optimization of Asset Allocation
Ed Friend,President, EFI ACTUARIES
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1:20
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Late Cycle Warning Signs from the Credit Market: Current and Future Opportunities
Frank Jordan, Partner, GOLDENTREE ASSET MANAGEMENT
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1:40
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Practices and Techniques for Public Fund Investing In an Evolving Global Economy
• How to best achieve returns in an environment of low return
• Methods for enhancing returns by investing in a broader range of assets
• The need and use of international indices
• Shifting towards more active investment management
• Actuarial assumptions and how they affect funding status
• The shift of transparency from an emerging requirement to an absolute requirement, what does this entail?
• Understanding and keeping up with the valuation and reporting process
• Interpreting recent funding levels and developments for public funds
• Innovative fund of hedge funds products and packaging
• The consequences of the current economy and how it will affect the portfolios of the future
• The importance of forcasting the stock market in a global economy
Moderator:
Jerry Davis, Chairman, NEW ORLEANS MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM
Panelists:
Bobby Deal, Trustee, JACKSONVILLE (FL) POLICE & FIRE PENSION FUND
Kathleen Maclaren, Principal, MACLAREN ADVISORS, LLC
David Thomas, Chief Executive Officer, EQUITAS CAPITAL ADVISORS LLC
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2:45
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Examining the finer aspects of transition management
• The transition managements industry consensus views on best practice
• Confidentiality and choosing a transition manager
• Decisive issues for controlling risk in transitions
• Benchmarking and performance measurement
• How to achieve crossing benefits while containing information leakage
• Could transition management be a commodity
• How do transition managers add value by managing implicit costs?
• Through asset/ liability analysis enabling Trustee-guided asset allocation to optimize the balance between the
• objectives of diminished volatility and favorable return
Moderator:
Michael Moran, Chief Investment Officer, FIREMEN'S ANNUITY & BENEFIT FUND OF CHICAGO
Panelists:
Vincent Favaro, Managing Director/ Co-Head of Transition Management, RAMIREZ & COMPANY, INC.
Adam Esposito, Vice President, GOLDMAN SACHS
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3:30
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Refreshment Break/Speed Networking
Sponsored By:
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4:00
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TRADITIONAL VERSUS ALTERNATIVE INVESTMENT, ARE PUBLIC FUNDS BEGINNING TO SHIFT THEIR FOCUS?
• Are the prevailing sources of returns from asset allocation due to benchmark based management
• Is the definition of the Alternative Investing Sector evolving, and if so how far could it go
• Best method for Investing in Emerging Markets, Traditional or Alternative Investment?
Moderator:
John Keane, Executive Director-Administrator, JACKSONVILLE POLICE & FIRE PENSION FUND
Panelists:
Dan Ebersole,, State Treasurer, STATE OF GEORGIA
Eduardo Deschappelles, Senior Vice President, PERMAL ASSET MANAGEMENT
Dan Tarlas, Managing Director, ASSET CONSULTING GROUP, INC.
Craig Brownell, Principal, MUIRFIELD CAPITAL MANAGEMENT
Alex Neve, Portfolio Manager, Emerging Market Equities, ROBECO ASSET MANAGEMENT
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5:00
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Roundtable Discussion: Trustees, the evolving roles, duties and continuing fiduciary education requirements
• How to make the most out of your relationships and extract the most value out of your consultants
• Keep up with and interpreting fiduciary responsibilities
• Avoiding and overcoming conflicts of interest
• How to best address the need for fiduciary education
• Increasing trustees role in manager evaluation and selection
• The growing expectations and requirements of trustees serving on Public Fund Boards
Moderator:
Robin Wiessmann, State Treasurer, STATE OF PENNSYLVANIA
Panelists:
Orin Kramer, Chairman, NEW JERSEY DIVISION OF INVESTMENT
Michael Fitzgerald, State Treasurer, THE STATE OF IOWA
Marianne Love, Co-Chair, OMERS Sponsor Corporation, ONTARIO MUNICIPAL EMPLOYEES RETIREMENT SYSTEM
Anthony Lang, Battalion Chief, Vice Chairman, OMAHA POLICE & FIRE PENSION SYSTEM
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6:00
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The continuous evolution of Asset Allocation Strategies
• Can traditional Asset Allocation Strategies effectively deliver the real returns that investors have come to
• expect growth goals
• How are institutional investors allocating assets differently in their portfolios to gain additional alpha
• What should investors be aware of when selecting benchmarks to better satisfy fiduciary responsibilities
• Do quantitative strategies offer better a risk/return to institutional portfolios?
• Identifying GTAA in the context of real return
• Innovative trends in asset allocation and benchmarking
• How does TAA fit into the total portfolio
• How to implement alternative strategies within traditional strategies
• Using ETF’s in TAA strategies
Moderator:
John Keane, Executive Director-Administrator, JACKSONVILLE POLICE & FIRE PENSION FUND
Panelists:
Ross Charkatz, Senior institutional Consultant, CITIGROUP CONSULTING
Joseph Finn, Principal & Managing Director, PUNTER SOUTHALL & CO, LLC
Peter Higgs PhD., CEO, TACTICAL GLOBAL MANAGEMENT LTD.
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6:30
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Cocktail Reception
Sponsored by:
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GENERAL SESSSION
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9:00
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Hedge Funds, Fund of Funds and Multi-strategy, the differences, similarities and advantages, what is in store for the future..
• What criteria are leading FOFs using to select managers, and is this criteria evolving?
• How do FOF and Multi-strategy differ
• What traditional managers can learn from hedge fund
• Diversification with hedge funds: benefits and trade-offs
• What to consider when choosing a hedge fund manager
• Long only absolute return strategies
• Forecasting trends in the hedge fund industry and the effects of institutionalization
• How can Public Funds ensure they are selecting a FOF that will deliver high value alpha strategies, rather
• than repackaged goods
• What to look for when choosing the FOF that is right for your Pension Fund
• What presently makes up best practice in FOF and Multi-strategy risk management
Moderator:
Alison Cruz, Deputy Director, NEW YORK CITY PENSIONS SYSTEM
Panelists:
Jae Hong, Vice President, PERMAL ASSET MANAGEMENT
Bill Cisneros, Director, GOLDENTREE ASSET MANAGEMENT
Avtar Vasu, CIO, WOOD CREEK CAPITAL MANAGEMENT
Ken McCarty, CFO, CAP FUND
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10:15
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Developments in the Fixed Income sector
• Recent Developments in Credit Derivatives Pricing
• Pricing Baskets and Synthetic CDOs
• Using real credit derivatives to hedge real portfolios
• Dependency between credit risk and hybrid risk
• Credit Equity Hybrids
• A critical survey of default dependency modeling
• The Economics of Interest Rates
• Interest Rates, what and where next? Pitfalls to avoid!
• Event Risk and the implications for corporate bondholders
Moderator:
Stewart Dier, Managing Director-Private Markets, N.Y.C. COMPTROLLER'S OFFICE
Panelists:
Cheryl Rivkin, Director of Client Services, MUZINICH & CO., INC.
Greg Miller, CEO, WELLESLEY INVESTMENT ADVISORS
Robert L. DeRochie, Senior VP Portfolio Manager, STONEBRIDGE ADVISORS LLC
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11:00
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Refreshment Break
Sponsored By:
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11:15
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Latest trends in private equity and how they are impacting Public Funds
• Should public funds be investing in first time funds
• Are hedge funds able to compete in a PE operational format?
• The impact of globalization on limited partner and general partner relationships
• Exit Strategies which are hot: Buyouts, Roll-ups, M&A and IPO's,
• Fund Raising For Private Equity Funds
• Fund Commitment Decision Making, and Due Diligence Process
Moderator:
Jack Perkins, Trustee, CITY OF BOSTON PENSION FUND
Panelists:
Richard G. Coffey, Managing Director, THOMAS CAPITAL GROUP, LLC
C. Redington Barrett, III, President & CEO, PERMAL CAPITAL MANAGEMENT
Andrew K. Reilly, Chairman/Alternative Investments, STATE OF RHODE ISLAND
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12:15 pm
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Real Estate & Real Assets, what’s in store for the future?
• Which areas are producing the greatest returns
• Investing in Real Estate today and tomorrow
• Are there opportunities in international real estate, and if so how to invest?
• Effective Strategies for investing in REITS
• Looking to the future with renewable energy technologies
• What are the risk-return and return prediction characteristics of real assets?
• What’s sparking all the excitement in Timber
Moderator:
Harry Griffin, Vice Chairman & Trustee, SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND
Panelists:
Richard G. Wollack, Co-CEO, PREMIER PACIFIC VINEYARDS, L.P.
Timothy C. Getz, Executive Vice President, FILLMORE CAPITAL PARTNERS, LLC
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1:00
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Luncheon
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2:15
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Manager Selection
• What does the research on Emerging Managers show
• Emerging Managers, what to look for and where to find them
• Emerging managers, what is their role in an institutional portfolio
• Criteria which define an Emerging Manager
• Who should be looking to invest in Emerging Managers
• Is Direct Investment prudent for a first time Emerging Manager investor
• What function do consultants play in Emerging Manager selection and oversight
Moderator:
Richard Dahab, President, DAHAB ASSOCIATES
Panelists:
Timothy Mungovan, Partner, NIXON PEABODY LLP
Joe Haslip, Executive Director for Pensions, NEW YORK CITY RETIREMENT SYSTEMS
Stephen Scott, Chief Investment Officer, EXPLORER ALTERNATIVE MANAGEMENT
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3:15
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Indexing 101: Trends & Developments
• Innovations in indexing for the coming year
• Alternative Channels of Index Product Distribution
• Role of indexed products in beta risk allocation
• Are ETFs always the most efficient indexing vehicle for individual and/or institutional investors?
• When is it appropriate/how do indices add value?
Moderator:
Kevin Davis, Vice Chairman of the Board, BALTIMORE RETIREMENT SYSTEMS
Panelists:
Gary Gastineau, Principal, ETF CONSULTANTS LLC
Ed Burton, Trustee, VIRGINIA RETIREMENT SYSTEM
Tom Ryan, Regional Director, RUSSELL INDEXES
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4:15
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Refreshment Break
Sponsored By:
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4:30
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Alpha vs. Beta are they shifting in relative importance?
• Are investors coming to a realization that relying on easily attainable beta can be a risky proposition?
• While Alpha may be more costly and complex to attain, can it truly be less risky?
• Is Beta loosing its dominance as source of future returns?
• Looking at a range of instruments in achieving and transporting Alpha
• Creating portable alpha with emerging market equities
• Achieving variable beta management and portfolio composition with hedge funds and fund of funds?
Moderator:
Gregory Schnitzler, Investment Committee, RICHMOND VA RETIREMENT FUND & VA. 529 COLLEGE
SAVINGS PLAN
Panelists:
William Ferrell, President and CEO, FERRELL CAPITAL MANAGEMENT
Theresa R. Patti, CFA, Director of Business Development & Investor Relations, QUANTITATIVE FINANCIAL STRATEGIES, INC.
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5:30
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Equity Investing
• Where will the best returns be coming from in the future - Large Cap, mid cap, small cap,
• traditional long-only
• enhanced equity strategies
• What to look for when selecting an equity manager
Moderator:
Lee Krump, Trustee, INKSTER (MI) POLICE & FIREMEN'S PENSION BOARD
Panelists:
Douglas R. Cliggott, Chief Investment Officer, DOVER MANAGEMENT LLC
Charles L. Bennett, SVP, INTERCOM CONSULTING - THE INTERNATIONAL ASSOCIATON OF SMALL
BROKER-DEALERS
James Byrd, President, Director of Research, MIDWEST ASSET MANAGEMENT, INC.
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6:30
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Cocktail Reception
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FRIDAY, July 13, 2007
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7:15am
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Continental Breakfast
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7:45
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Co-Chair Welcoming Remarks
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8:00
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STATE TREASURER ROUNDTABLE
Timothy Cahill, State Treasurer, STATE OF MASSACHUSETTS
Michael Fitzgerald, State Treasurer, THE STATE OF IOWA
Ron Crane, State Treasurer, THE STATE OF IDAHO
Robin Wiessmann, State Treasurer, STATE OF PENNSYLVANIA
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8:40
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Ed Burton, Trustee, VIRGINIA RETIREMENT SYSTEM
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9:00
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CONSULTANTS ROUNDTABLE
Aoifinn Devitt, Founder, CLONTARF CAPITAL
Joseph Finn, Pincipal & Managing Director, PUNTER SOUTHALL & CO, LLC
David Thomas, Chief Executive Officer, EQUITAS CAPITAL ADVISORS LLC
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10:00
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The Evolving Landscape of the Pension Fund sector
• Congressional and Regulatory Outlook
• Impact of SEC Adviser Registration
• Class Action/Securities Litigation
• How can pension plans remain independent from their state's deficit problems
• Best practices and compliance concerns for the hedge funds and fund of funds
• New federal legislation and regulatory developments
• What should pension funds be on the look out for when investing in offshore funds
Moderator:
Robbie Robertson, President, PROFESSIONAL FIREFIGHTERS OF GEORGIA
Panelists:
Rene Nunez, Vice Chairman & Trustee, TEXAS PERMANENT SCHOOL FUND
David Bishop, Of Counsel, KIRBY, MCINERNEY & SQUIRE LLP
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12:00pm
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Co-Chair Closing Remarks / Conference Concludes
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TEXT AGENDA (as of 6-27-2007)______