Confirmed Participants:

Administrative Consultant, CITY OF LAKELAND (FL) POLICE PENSION PLAN
Chairman, DAYTONA BEACH POLICE AND FIRE
PENSION PLAN
Trustee, CITY OF BOCA RATON POLICE & FIREFIGHTERS PENSION OFFICE
Trustee, CITY OF FORT LAUDERDALE POLICE & FIRE
Trustee, FT LAUDERDALE POLICE AND FIRE
President, FRATERNAL ORDER OF POLICE LODGE 5-30
Director, HATHERSAGE CAPITAL MANAGEMENT
Retirement Board Chairman, HOLMES BEACH POLICE RETIREMENT FUND
Retirement Board Secretary, HOLMES BEACH POLICE RETIREMENT FUND
Executive Assistant, INTERNATIONAL UNION OF POLICE ASSOCIATIONS
President, JACKSONVILLE FIREFIGHTERS LOCAL # 122
Trustee, JACKSONVILLE POLICE & FIRE PENSION FUND
Executive Director-Administrator, JACKSONVILLE POLICE & FIRE PENSION FUND
Chairman, MACCLENNY FIREFIGHTER'S PENSION FUND
Division Chief, MACCLENNY FIREFIGHTER'S PENSION FUND
Senior Consultant, MARCO CONSULTING GROUP
CEO, PACELINE CAPITAL ADVISORS
Chief Investment officer, PACELINE CAPITAL ADVISORS
Fire Marshal/Trustee, PALATKA FIREFIGHTERS'
PENSION FUND
Chairman, PALATKA FIREFIGHTER' PENSION FUND
President, PROFESSIONAL FIREFIGHTERS OF GEORGIA
Senior Vice President, SCHOTT GROUP INVESTMENT CONSULTING
Chief of Police, SEBRING POLICE DEPARTMENT
Chairman, SOUTH MIAMI POLICE & GENERAL
PENSION FUND
Senior Consultant, SOUTHEASTERN ADVISORY
SERVICES, INC

Firefighter, ST. AUGUSTINE FIRE
Firefighter, ST. AUGUSTINE FIRE
Director, UBP ASSET MANAGEMENT
Managing Director, WILSHIRE CONSULTING
Trustee, WEST MANATEE FIRE & RESCUE DISTRICT FIREFIGHTERS' PENSION FUND
Director of Portfolio Analytics, TIAA-CREF ASSET MANAGEMENT
Chief Executive Officer & President, BCA INC.
Chairman, DELRAY BEACH POLICE OFFICERS' & FIREFIGHTERS' PENSION FUND
Chairman, COCOA POLICE OFFICERS' PENSION FUND
Trustee, DELRAY BEACH POLICE OFFICERS' & FIREFIGHTERS' PENSION FUND
Senior Consultant, CONSULTING SERVICES GROUP, LLC
Trustee, CITY OF JACKSONVILLE (FL) GENERAL
EMPLOYEES PENSION
Board Member. SOUTH MIAMI POLICE
Pension Board Member, SOUTH MIAMI POLICE
Advisory Committee Member, JACKSONVILLE POLICE AND FIRE PENSION FUND
Advisory Committee Member,JACKSONVILLE POLICE AND FIRE PENSION FUND
Advisory Committee Member,JACKSONVILLE POLICE AND FIRE PENSION FUND
Advisory Committee Member, JACKSONVILLE POLICE AND FIRE PENSION FUND
Advisory Committee Member, JACKSONVILLE POLICE AND FIRE PENSION FUND
Advisory Committee Member, JACKSONVILLE POLICE AND FIRE PENSION FUND
Advisory Committee Member, JACKSONVILLE POLICE AND FIRE PENSION FUND
Trustee, PINELLAS-PARK POLICE PENSION
Board Member, CITY OF FLAGLER BEACH FIRE PENSION

Friday, March 7, 2008

1:00 p

Registration

1:30

Opening Remarks
Presentation of Colors – The Police and Fire Honor Guard

Welcome to Jacksonville
Chief of Staff, office of John Peyton, CITY OF JACKSONVILLE
SHERIFF
ASSISTANT FIRE CHIEF
President, JACKSONVILLE FIRE FIGHTERS LOCAL # 122

1:50

REVIEW OF STATUTES CONTROLLING FLORIDA POLICE/FIRE FUNDS PENSION PLANS

Moderator:

Panelists:

2:35

3:00

FIXED INCOME PERESPECTIVES and how they are impacting Florida Pension Plans
What’s so alternative about fixed income?
Alternative fixed income is not an oxymoron, but in the search to make fixed income “produce,” the market lost sight of risk, developing credit-related instruments without any credit standards. What went wrong—and how can you profit from it? Looking forward in credit, what’s in, what’s out, and what’s possible?

Speaker:
Director of Client Services, Muzinich & Co., Inc.

3:30

"THE SUBPRIME LOAN MELTDOWN -- ECONOMIC IMPACTS AND LEGAL OPTIONS FOR LOSS RECOVERY"

Counsel, BERNSTEIN, LITOWITZ, BERGER & GROSSMANN, LLP

3:50

“THE GLOBAL WAR ON TERROR” AND ITS EFFECTS ON PUBLIC SAFETY OFFICERS”

Major General, Director of Military & Veterans Benefits Committee, BADGE OF HONOR FOUNDATION

4:20

WHAT IS THE FUNCTION OF ALTERNATIVE INVESTMENTS IN PORTFOLIO DIVERSIFICATION AND ASSET ALLOCATION?
This panel, comprised of industry experts, will examine and discuss challenges and the evolving process of incorporating alternative investments to the asset allocation process as well as portfolio diversification with a special focus on Florida Police and Fire pension plan.

Moderator:
Director of Portfolio Analytics, TIAA-CREF ASSET MANAGEMENT

Panelists:
President, ALPHASOURCE CAPITAL PARTNERS
President & Partner, ALEXANDRA INVESMENT MANAGEMENT

5:15

"FLORIDA STATUTORY ETHICS FOR PUBLIC PENSION TRUSTEES"

Chief Assistant General Counsel, FLORIDA COMMISSION ON ETHICS

6:00

MANAGER SELECTION AND MANAGEMENT
This panel will explore and discuss methods and best practices for managing, evaluating and scrutinizing the vast pool of money managers in today’s marketplace.
• What key criteria should Public Funds look for in a manager
• Re-examining active vs. passive management
• Theoretical and practical challenges to finding skill
• Incorporating monitoring measures for existing managers
• The importance of open communication between managers, consultants and plan sponsors
• Adding an emerging managers program, the pros and cons
• The do’s and don’ts when dealing directly with a Pension Fund
• Thresholds for active skill ratios and expected returns
• How to best leverage a consultant during the manager selection process
• Does personal chemistry with a Public Funds investment staff or committee make a difference in manager selection
• Process transparency / due diligence

Moderator:
Senior Consultant, MARCO CONSULTING GROUP

Panelists:
Chief Executive Officer, PARADIGM ASSET MANAGEMENT COMPANY
CIMA, Associate Director UBS Institutional Consulting, UBS FINANCIAL SERVICES, INC.

6:30

Cocktail Reception

Sponsored by:
MERIDIAN CAPITAL PARTNERS

Saturday, March 8, 2008

8:00a

Continental Breakfast

8:30

Welcoming Remarks

9:00

Director, BNP PARIBAS LLC

9:20

Director, EAGLE ASSET MANAGEMENT

GENERAL SESSION

9:40

A COMPREHENSIVE COMPARISON OF DIVERSE INVESTMENT STYLES AND STRATEGIES
• Global equity, Large Cap and Small Cap strategies for the future
• Growth versus Value Investing
• Traditional versus alternative investment styles
• Why have some institutions been slow to adopt absolute return strategies

Moderator:

Panelists:
President, Director of Research, MIDWEST ASSET MANAGEMENT

10:00

REAL ESTATE – REAL ASSETS
RISK VS. OPPORTUNITY

• Understanding how timber and timberland could enhance a diversified portfolio
• What are managers doing to hedge against interest rate risk?
• Investing in farmland
• How to find and choose a real estate manager that is right for your plan
• The state of the REIT market, public and private
• Small to midsize developers, an underserved market
• Private equity real estate investments
• What is the current state of the gold market
• How and where to find quality real estate assets
• Energy/oil and natural gas investments
• Natural resources
• Who is investing in real assets and why?

Moderator:
Chief Executive Officer & President, BCA INC.

Panelists:
Senior Vice President, Absolute Return Strategies, ING CLARION REAL ESTATE SECURITIES, L.P.
Vice-President, SWANK CAPITAL LLC
Director of Client Services and Business Development, BCOM SECURITIES LLC

10:45

REFRESHMENT BREAK

Sponsored by:

11:15

UNDERSTANDING ALPHA - WHAT ARE THE BEST SOURCES FOR OBTAINING IT?

• Identifying managers and strategies with the highest probability of obtaining alpha
• The use of Alpha Generators in a portfolio
• Sources of Alpha
• True Alpha....or just Beta?

Moderator:

Panelists:
Chief Executive Officer, PARADIGM ASSET MANAGEMENT COMPANY
Partner, SAWGRASS ASSET MANAGEMENT
Senior Vice President, Marketing & Business Development, FIS GROUP, INC.

12:00p

SINGLE-MANAGER FUNDS VS. FUNDS-OF-HEDGE FUNDS: CHOOSING WHICH IS A BETTER FIT FOR YOUR FIRE AND POLICE PENSION PLAN

• Do fund of funds provide a superior investment platform than multi-strategy funds?
• Are fund of fund fees lower in relation to their alpha than fees charged by traditional long short equity managers?
• A portfolio of funds of funds can be tailored to an investors risk tolerance, can multi-strategy do the same?
• How multi-strategy firms are coping with the growth in assets under management

Moderator:
Chief Investment officer, PACELINE CAPITAL ADVISORS

Panelists:
President & Partner, ALEXANDRA INVESMENT MANAGEMENT
Principal, ANCHOR POINT CAPITAL, LLC
Managing Director, K2 ADVISORS

1:00

Luncheon

2:15

CONSULTANTS ROUNDTABLE

Consultant, MARCO CONSULTING GROUP
Senior Consultant, CONSULTING SERVICES GROUP, LLC
Chief Executive Officer & President, BCA INC.
CIMA, Associate Director UBS Institutional Consulting, UBS FINANCIAL SERVICES, INC.

3:15

HEDGE FUNDS 101
This panel will examine, discuss and report to Florida police and fire pensions the intricacies of the hedge fund universe, from its beginning to present and what may be in store for the future. Also, panelists will present their views on how hedge funds could work to augment a plans overall returns.

Moderator:
Director, HATHERSAGE CAPITAL MANAGEMENT

Panelists:
Director, UBP ASSET MANAGEMENT
Managing Director, MERIDIAN CAPITAL PARTNERS

4:15

OPTIMIZING THE INVESTOR/MANAGER RELATIONSHIP
This session will offer investment managers a unique window of insight into the candid views of leading institutional investors in regard to the investor/manager relationship. Investors will discuss their preferences regarding marketing methodologies as well as how to avoid some of the common mistakes made by managers in their efforts to engage investors. Investors will also discuss the best practices for maintaining and optimizing successful relationships with managers once allocations have been made.

Session Leaders:
Executive Director-Administrator, JACKSONVILLE POLICE & FIRE PENSION FUND
Trustee, JACKSONVILLE POLICE & FIRE PENSION FUND

6:00

POLICE OFFICERS AND FIREFIGHTERS FIGHTING FOR CHARITY

(Bus leaves Hotel at 6:00, 6:30 and 7:00)
(Bus returns 9:30, 10:00 and after final round)

Sunday, March 9, 2008

8:15a

Continental Breakfast
Sponsored by:

9:15

Co-Chair Welcoming Remarks

9:30

INFRASTRUCTURE INVESTING, WHY NOW MORE THAN EVER?

• Is infrastructure truly an emerging alternative investment asset class?
• What are some of the best examples of infrastructure investments in the U.S.?
• What are the real return characteristics of the asset class?
• What are the diversification benefits and the risk-return profile?
• Examining the investment opportunities and current deal flow in the U.S. and abroad
• What exactly qualifies as an “infrastructure” asset? What are the best ways to get involved as an investor?
• How to best find an infrastructure manager?

Speakers:
Director, Consultant Relations, FAF ADVISORS, INC
Vice President, BOREALIS INFRASTRUCTURE (OMERS)

10:30

WORKING WITH THE FLORIDA LEGISLATURE

Session Leaders:
President, Florida Professional Firefighters
Police Benevolent Association
TBA, Fraternal Order of Police State Lodge

11:15

“YOU DISCUSS THE ISSUES” CONFERENCE ROUNDTABLE
This panel, led by members of Florida police and fire pension funds, invites participants to discus and question issues pertaining to Florida police and fire pensions in an open forum setting. A particular emphasis will be directed to alternative investments and what future they may have with Florida police and fire plans

Session Leaders:

11:45

PRESENTATION OF CERTIFICATES OF PARTICIPATION

12:00 p

Co-Chair Closing Remarks / Conference Concludes