HCF/TMCF CHARITY ADVISORY BOARD:

Assistant Comptroller, NEW YORK CITY RETIREMENT SYSTEMS
LOVELL, MITCHELL & BARTH
Trustee/Deputy Director of Pensions, NEW YORK CITY PENSIONS SYSTEM
Trustee, STATE OF MARYLAND RETIREMENT SYSTEM, BALTIMORE EMPLOYEES RETIREMENT SYSTEM
Chairman of the Board, BIG SPRING FIREMEN'S RELIEF & RETIREMENT FUND & President, TEXPERS

Trustee, BALTIMORE EMPLOYEES RETIREMENT SYSTEM
Trustee, DALLAS EMPLOYEE RETIREMENT SYSTEM
THE MARCOS GROUP
Vice Chairman & Trustee, TEXAS PERMANENT SCHOOL FUND
LOMBARDIA CAPITAL PARTNERS, LLC
PARADIGM ASSET MANAGEMENT

CONFIRMED PARTICIPANTS INCLUDE:

Assistant Comptroller, NEW YORK CITY RETIREMENT SYSTEMS
LOVELL, MITCHELL & BARTH
Trustee/Deputy Director of Pensions, NEW YORK CITY PENSIONS SYSTEM
Trustee, STATE OF MARYLAND RETIREMENT SYSTEM, Trustee, BALTIMORE EMPLOYEES RETIREMENT SYSTEM
Trustee, DALLAS EMPLOYEE RETIREMENT SYSTEM
MARCO CONSULTING GROUP
LOMBARDIA CAPITAL PARTNERS, LLC
PARADIGM ASSET MANAGEMENT
CEO/Chairman, CITYVIEW
Vice Chairman & Trustee, TEXAS PERMANENT SCHOOL FUND
Investment Analyst, SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND
Vice Chair of the Investment Committee, DISTRICT OF COLUMBIA RETIREMENT BOARD
President and CEO, ROGERSCASEY
Director of Equity, INDIANA PUBLIC EMPLOYEES' RETIREMENT FUND
Trustee, SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND
CEO, HISPANIC COLLEGE FUND
Executive Director, SAN ANTONIO (TX) FIRE & POLICE RETIREE HEALTH CARE FUND
President & CEO, CONSULTIVA INTERNACIONAL, INC.
Trustee, SAN ANTONIO (TX) FIRE & POLICE RETIREE HEALTH CARE FUND
Trustee, SAN ANTONIO (TX) FIRE & POLICE RETIREE HEALTH CARE FUND
President, HISPANIC COLLEGE FUND
Director of Corporate and Foundation Relations, HISPANIC COLLEGE FUND
Development Coordinator, HISPANIC COLLEGE FUND
CFA, Executive Vice President/Senior Consultant, CONSULTING SERVICES GROUP LLC
Director of Client Services, PACELINE CAPITAL ADVISORS
Investment Officer, DALLAS (TX) EMPLOYEES
RETIREMENT FUND
Trustee, GEORGIA SHERIFFS' RETIREMENT FUND

Chief Investment Officer, SAN ANTONIO AREA FOUNDATION
Investment Commitee Co-Chair, SAN ANTONIO AREA FOUNDATION
Director of Planned Giving, SAN ANTONIO AREA FOUNDATION
Controller, SAN ANTONIO AREA FOUNDATION
Trustee, WEST PALM BEACH (FL) POLICE OFFICERS PENSION FUND
General Counsel, SAN ANTONIO FIRE & POLICE
PENSION FUND
Trustee, BIG SPRING FIREMEN'S RELIEF & RETIREMENT FUND and President, TEXPERS
Commissioner, LOS ANGELES FIRE & POLICE
PENSION SYSTEM
Trustee, SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND
Chief Financial Officer, AIR FORCE AID SOCIETY
Consultant, MEKETA INVESTMENT GROUP, INC.
Senior Financial Analyst, CONSULTING SERVICES GROUP, LLC
Principal Consultant, HOLBEIN ASSOCIATES, INC.
Financial Officer, SAN ANTONIO FIREMEN'S &
POLICEMEN'S FUND
Vice Chairman / Councilman, SAN ANTONIO FIRE & POLICE PENSION FUND
Trustee, SAN ANTONIO (TX) FIRE & POLICE RETIREE HEALTH CARE FUND
Consulting Group Analyst, CITIGROUP SMITH BARNEY CONSULTING GROUP
Trustee, SAN ANTONIO (TX) FIRE & POLICE RETIREE HEALTH CARE FUND
Trustee, SAN ANTONIO (TX) FIRE & POLICE RETIREE HEALTH CARE FUND
Director of Client Services, PACELINE CAPITAL ADVISORS
Senior Institutional Consultant, CITIGROUP SMITH BARNEY CONSULTING GROUP
Director of Finance, CITY OF LANCASTER
Vice Chairman, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM
Trustee, INKSTER (MI) POLICE & FIREMEN'S
PENSION BOARD

Sunday, May 4, 2008

12:00p

Registration

1:45

OPENING REMARKS

2:00

ARE PUBLIC FUNDS BEGINNING TO SHIFT THEIR FOCUS FROM TRADITIONAL TO ALTERNATIVE INVESTMENTS? IF SO, WHAT ARE THE MOST COMPELLING FACTORS?
• Are current liabilities forcing the hand of public pensions to consider alternatives or is this shift due to other factors?
• As more traditional Public Funds begin to reallocate, what areas are they most likely to make new allocations to?
• Are the prevailing sources of returns from asset allocation due to benchmark based management?
• Is the definition of the Alternative Investing Sector evolving? If so, how far could it go?
• Best method for Investing in Emerging Markets - Traditional or Alternative Investment?

Speaker:
Assistant Comptroller, NEW YORK CITY RETIREMENT SYSTEMS

2:45

Refreshment Break

3:00

CONSULTANTS ROUNDTABLE

Moderator:
Senior Institutional Consultant, Citigroup Smith Barney Consulting Group

Panelists:
THE MARCOS GROUP
President & CEO, CONSULTIVA INTERNACIONAL, INC.

4:00

A CASE FOR EMERGING MANAGERS

Moderator:
Chairman of the Board & Chairman of the Investment Committee, PHI DELTA THETA EDUCATIONAL FOUNDATION

Panelists:
CFA, CEO & Chief Investment Officer, SOUTH TEXAS MONEY MANAGEMENT
Chief Executive Officer, MULTITRADE SECURITIES
Former Chairman of the Investment Committee, VIRGINIA RETIREMENT SYSTEM

5:00

MANAGER SELECTION

Moderator:
President and CEO, Rogerscasey

Panelists:
Consulting Group Analyst, Citigroup Smith Barney Consulting Group
President, PRISM CAPITAL

6:00

Cocktail Reception

Monday, May 5, 2008

7:30a

Continental Breakfast

8:15

Co-Chair Welcoming Remarks

8:20

“Pension Fund’s Challenges – New development in investment solutions”

Managing Director, BNP PARIBAS

8:45

LEGAL ROUNDTABLE

This panel will feature legal experts in the institutional investment space. Panelists will discuss and debate key and relevant issues affecting both asset allocators and asset managers. Discussion topics will include recent legislation, recent rules and regulations and critical compliance issues.

Panelists:
General Counsel, HOUSTON MUNICIPAL PENSION SYSTEM
LOVELL, MITCHELL & BARTH

9:30

REAL ESTATE & REAL ASSETS
• What is the current state of the real estate market?
• How are current capital flows affecting the real
• estate market?
• Understanding and utilizing real estate Derivatives
• Capital Flows Update and Forecast models
• Public vs. Private REITS, what are the pros and cons?
• How will current interest rate levels affect the
• Real Estate market in the second half of 2008?
• What new real estate investment products are
• being made available to institutional investors?
• Which emerging markets are providing the
• greatest opportunities in real estate?

Moderator:
Vice Chairman, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM

Panelists:
Vice President, Region Manager, GE ASSET MANAGEMENT
Assistant Comptroller, NEW YORK CITY RETIREMENT SYSTEMS

10:15

Investing in Domestic Emerging Markets / ETI
• Learn how public plans and other institutional investors are adopting economically-targeted investing (ETI) strategies
• Utilizing industry benchmarks to track financial performance of ETI
• Evaluating ETI strategies from both financial and community impact perspectives

Speakers:
President & CEO, CONSULTIVA INTERNACIONAL, INC.
Chief Executive Officer, ACCESS CAPITAL STRATEGIES LLC

11:00

Refreshment Break

Sponsored by:
MESIROW FINANCIAL

11:15

PRIVATE EQUITY

Moderator:
Commissioner, LOS ANGELES FIRE & POLICE PENSION SYSTEM

Panelists:
Managing Director, RUMSON CAPITAL ADVISORS

12:00p

DEVELOPMENTS IN THE FIXED INCOME SECTOR
• Current Opportunities in the Fixed Income Sector
• Credit Equity Hybrids
• 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
• A critical survey of default dependency modeling
• The Economics of Interest Rates
• Interest Rates, what and where next? Pitfalls to avoid!
• Convertible bonds and the advantages of put protection
• Synthetic convertibles

Moderator:
Trustee, INKSTER (MI) POLICE & FIREMEN'S PENSION BOARD

Panelists:
President, Director of Research, MIDWEST ASSET MANAGEMENT, INC.
CFA, Managing Director, UTENDAHL CAPITAL MANAGEMENT, LP.

12:45

Luncheon & Presentation of Scholarships

Speakers:
CEO, HISPANIC COLLEGE FUND
President, HISPANIC COLLEGE FUND

2:00

ASSET ALLOCATION TO HEDGE FUNDS IN TODAY’S ENVIRONMENT: MANAGER SELECTION, EVALUATION AND OPERATIONAL RISK
• What is operational risk in hedge funds?
• Why focus on operational risk in hedge funds?
• What Should Hedge Fund Investors Determine via Operational Risk Analysis?
• What are the results of Operational Risks?
• Critical Areas Requiring Focused Operational Risk Assessment

Moderator:
Vice Chairman & Trustee, TEXAS PERMANENT SCHOOL FUND

Panelists:
Director of Client Services, PACELINE CAPITAL ADVISORS
Vice President (Structured Finance), MOODY'S INVESTORS SERVICE
Director of Client Services, K2 ADVISORS

3:00

Presentation of the Hispanic College Fund’s Visionary Award:

Recipient:
Former secretary, U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), Executive Chairman, CITYVIEW

3:30

CFA, Chief Investment Officer, CORNERSTONE INVESTMENT PARTNERS

4:00

INFRASTUCTURE

Moderator:
Vice Chair of the Investment Committee, DISTRICT OF COLUMBIA RETIREMENT BOARD

Panelists:
CFA, Executive Vice President/Senior Consultant, CONSULTING SERVICES GROUP LLC
Consultant, MEKETA INVESTMENT GROUP, INC.
Senior Consultant, SEGAL ADVISORS
Head of Americas Infrastructure, UBS ASSET MANAGEMENT

5:15

Cocktail Reception

Sponsored by:
MESIROW FINANCIAL

Tuesday, May 6, 2008

9:00a

Continental Breakfast

9:45

Co-Chair Welcoming Remarks

10:00

"Darlings of the Dow"  A new large cap equity strategy

CIO & Research Director, CFA, Pension Management Company

10:20

Portfolio Specialist, Fisher Investments

10:40

Short Extension Strategies: Altering the Active Management Equation

CFA, Vice President, Portfolio Manager, THE BOSTON COMPANY

11:00

Asset Allocation Strategies
How to implement alternative strategies within traditional 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 employ  ETF’s in TAA strategies

Moderator:
Senior Consultant, SEGAL ADVISORS

Panelists:
Chief Executive Officer, EQUITAS CAPITAL ADVISORS, LLC
CFA, Chief Investment Officer, CORNERSTONE INVESTMENT PARTNERS

12:00p

Co-chair Closing Remarks