Partner and Head of Europe, ALTIUS ASSOCIATES
Financial Advisor, THE ARMSTRONG GROUP OF MERRILL LYNCH
First Vice President , Designated Institutional Consultant / Private Wealth Advisor , THE ARMSTRONG GROUP OF MERRILL LYNCH
Chairman, Board of Trustees, CITY OF CINCINNATI RETIREMENT SYSTEM
Vice Chairman, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM
General Counsel, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM
Business Development Manager, ALBOURNE AMERICA LLC
Capital Markets Manager, CEMEX
Executive Director, CHICAGO PARK EMPLOYEES' ANNUITY & BENEFIT FUND
Director and Chairman of the Nominating Committee, CLEVELAND STATE UNIVERSITY FOUNDATION BOARD
Director, DEUTSCHE BANK
Chairman, EUROPEAN PARLIAMENT PENSION FUND
Principal, EMERGING MARKET STRATEGIES
President, FALCON POINT CAPITAL, LLC
Vice President, Region Manager, GE ASSET MANAGEMENT
Product Specialist, HODGES CAPITAL MANAGEMENT
Trustee, HOUSTON FIREFIGHTERS RELIEF & RETIREMENT FUND
Economist, INTERNATIONAL MONETARY FUND
Vice President, INTERSEC RESEARCH CORP.

Secretaria Tecnica, INSTITUTO MEXICANO DEL SEGURO SOCIAL
Financial Investment Office, Strategic Asset Allocation, INSTITUTO MEXICANO DEL SEGURO SOCIAL
Member of the Finance and Assets Committee, LAKE ERIE COLLEGE
CEO and Managing Director, LASALLE INVESTMENT
MANAGEMENT MEXICO
Trustee, LOS ANGELES COUNTY EMPLOYEES RETIREMENT ASSOCIATION
Partner, LOVELL, MITCHELL & BARTH
Partner, MERIDIAN CAPITAL PARTNERS
Chief Investment Officer, METLIFE MEXICO SA
Senior Investment Officer, MULTILATERAL INVESTMENT FUND, INTER-AMERICAN DEVELOPMENT BANK
Planning Officer, OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM
Board Member, PENDERGAST-WEYER FOUNDATION
Vice Chairman/Trustee, PHILADELPHIA BOARD
OF PENSIONS
President and CEO, ROGERSCASEY
Vice Chairman & Trustee, SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND
Trustee, CITY OF SOUTHFIELD
Chairman, Investment Committee, TEXAS PERMANENT SCHOOL FUND
Trustee, TRAVERSE CITY POLICE & FIRE
Investment Coordinator, UCLA FOUNDATION
Managing Director, VERIZON INVESTMENT MANAGEMENT

SUNDAY, July 20, 2008

8:00a

GOLF TOURNAMENT

1:45p

Co-Chair Welcoming Remarks

2:00

CHALLENGES AND OPPORTUNITIES FACING INSTITUTIONAL INVESTORS/PLANNED SPONSORS IN CURRENT AND FUTURE MARKET ENVIRONMENTS
• What Opportunities have arisen as a result of the Credit Market Crisis
• How Are Institutional Investors Successfully Utilizing Hedge Funds
• Building In-House Resources or Outsourcing For Hedge Fund Investment
• How to Better Understand the Operational Risks of Hedge Funds
• Selecting the Most Skilled Managers
• How are governments funding their liabilities: reduction in benefits, bond funded trusts, or other capital contributions
• Can smaller funds use the strategies of larger funds and still have the same results?
• Geographically & Economically Targeted Investments what is their place a portfolio
• What degree of flexibility should the investment staff be given in the investment policy
• What are the most effective methods of educating your board in order to capitalize on using the latest
• investment tools and strategies?

Moderator:
Managing Director, VERIZON INVESTMENT MANAGEMENT

Panelists:
President and CEO, ROGERSCASEY

2:45

MANAGER SELECTION, WHAT SHOULD INSTITUTIONAL INVESTORS BE LOOKING FOR WHEN SELECTING MANAGERS
• What is the best way to identify prospective managers?
• What manager evaluation criteria and process work best?
• What are the key risk factors in manager selection?
• What role do consultants play in the manager selection process?
• How does alternative manager selection differ from long-only manager selection?

Moderator:
Chairman, EUROPEAN PARLIAMENT PENSION FUND

Panelists:
Financial Advisor, THE ARMSTRONG GROUP OF MERRILL LYNCH
Of Counsel, BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ, PC

3:30

REFRESHMENT BREAK

3:45

DISCUSSION GROUP: OUTLOOK AND OPPORTUNITIES FOR REAL ESTATE
• Understanding Developments in Real Estate Investment & How to Select a Manager
• What are the opportunities for direct real estate investments for Planned Sponsors?
• Opportunities to invest in REITS. Where are they today-tomorrow?
• The Presidential Candidates have two very different economic agenda's-should we wait until after the election,
• or invest now?
• How important is Real Estate experience, or could we all just be Financial Engineers and view real estate
• as a commodity?

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

Panelists:
Director and Chairman of the Nominating Committee, CLEVELAND STATE UNIVERSITY FOUNDATION BOARD
Vice President, Region Manager, GE ASSET MANAGEMENT
Director of New Business Development, CONCIERGE ASSET MANAGEMENT

4:45

INVESTMENT STYLES AND STRATEGIES- INVESTMENT TRENDS FOR THE FUTURE
• The future of Alternative Investments
• Where Institutional Investors should be looking to make the best returns?

Moderator:
Executive Director, CHICAGO PARK EMPLOYEES' ANNUITY & BENEFIT FUND

Panelists:
Product Specialist, HODGES CAPITAL MANAGEMENT
Economist, INTERNATIONAL MONETARY FUND

5:30

PRIVATE EQUITY OUTLOOK
• What are the latest trends in Private Equity?
• Is Private Equity Offering Alpha to Investment Portfolios?
• Where to find the best deals and who is doing them?
• Where to look for future opportunities
• PIPES trends and developments
• What are the best exit strategies?
• Private Equity in Latin America: Opportunities and Challenges
• Lessons Learned from Investing South of the Border

Moderator:
Vice Chairman/Trustee, PHILADELPHIA BOARD OF PENSIONS

Panelists:
Partner and Head of Europe, ALTIUS ASSOCIATES
Partner, NORTH BAY EQUITY PARTNERS
Managing Director, PACIFIC CORPORATE GROUP LLC

6:30

Cocktail Reception

Sponsored By:
STW FIXED INCOME

MONDAY, July 21, 2008

9:15a

Continental Breakfast

9:30

Private Closed Door Breakfast
For Institutional Investors, Planned Sponsors, Consultants Only

10:30

"INVESTMENT COMMITTEE BEST PRACTICES"
• What are the critical questions investment committees should ask themselves?
• What are the major impacts on investment committee decision making?
• Role of financial innovation
• Role of human behavior
• Key practical steps investment committees can take to be successful
• Three levels of fiduciary responsibility
• Role of consultants

Principal, Investment Strategy Group, THE VANGUARD GROUP

11:00

“DIRECT INVESTING IN ENERGY”
• Energy Master Limited Partnerships
• Innovation that allows investors to participate in direct energy investments through a publicly traded vehicle
• Tax benefits of direct energy investing through closed end fund structure
• What are the Risks Involved with Direct Energy Investing?
• Investing Strategies

Independent Director, TORTOISE CAPITAL ADVISORS L.L.C. FUNDS and Professor and Director of Graduate Personal Financial Planning Programs, GEORGIA STATE UNIVERSITY

11:30

REFRESHMENT BREAK

11:45

MAKING FIXED INCOME WORK HARDER FOR YOUR PORTFOLIO THROUGHOUT THE CREDIT CYCLE
• The current “credit crisis”: How we got here, where we are going, and what opportunities have been created
• Looking at fixed income in a new light: targeting average annual returns of 5% over inflation over full market cycles
• Using a strategic allocation to high yield credit as a source of enhanced, risk-controlled returns with low
• correlation to Treasuries

Moderator:
Planning Officer, OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM

Panelist:
Director of Client Services, MUZINICH & CO., INC.

12:15p

EQUITY STYLES & STRATEGIES
• Where do Alternative Investments Fit in the Equity Picture
• Defining a Strategy and Constructing a Portfolio for Optimal Returns
• Quantitative vs. Qualitative

Moderator:
Member of the Finance and Assets Committee, LAKE ERIE COLLEGE

Panelists:
First Vice President , Designated Institutional Consultant/Private Wealth Advisor , THE ARMSTRONG GROUP OF MERRILL LYNCH
CFA, Chief Investment Officer, CORNERSTONE INVESTMENT PARTNERS

1:00

Luncheon

Sponsored By:

2:30

HEDGE FUNDS, FUND OF FUNDS
• Direct hedge fund investing versus direct traditional manager investing
• Fund of Funds vs. Multi-Strategy
• Performance measurement of hedge funds
• ETFs
• Global Market Trends
• Do International Fund of Funds offer an advantage?

Moderator:
President and CEO, ROGERSCASEY

Panelists:
President & Partner, ALEXANDRA INVESTMENT MANAGEMENT
Partner, MERIDIAN CAPITAL PARTNERS

3:30

INTEGRATING EMERGING MARKETS INTO INSTITUTIONAL PORTFOLIOS
• Emerging Markets Opportunities
• Can Emerging Markets continue to Outpace Developed Markets
• The BRIC Economies
• Which Emerging Markets are providing the greatest returns?
• Distressed Debt Opportunities in Emerging Markets
• Mexico: Equity and Debt Outlook
• State of the Mexican Pension Fund industry
• How to choose an Emerging Markets fund manager

Moderator:
Trustee, CITY OF SOUTHFIELD

Panelists:
Vice President, INTERSEC RESEARCH CORP.
CEO and Managing Director, LASALLE INVESTMENT MANAGEMENT MEXICO
Principal, EMERGING MARKET STRATEGIES

4:30

Refreshment Break

4:45

SEARCHING FOR ALPHA
• Fundamentally What Is Portable Alpha
• Portable Alpha Strategies investors should be looking at
• Key determinants and design to successfully implementing Portable Alpha Strategy?
• Does Portable Alpha Reduce Risk
• Sources of Uncorrelated Alpha
• Does Higher Alpha Mean Higher Returns
• Implementing a Portable Alpha Program
• What Types of Strategies Are Available

Moderator:
Chairman, Investment Committee, TEXAS PERMANENT SCHOOL FUND

Panelists:
CFA , Director of Business Development & Investor Relations, QFS ASSET MANAGEMENT, L.P.
Partner, MERIDIAN CAPITAL PARTNERS

5:30

“IMPROVING EQUITY PERFORMANCE WITH DARLINGS OF THE DOW”

CFA, CIO & Research Director, PENSION MANAGEMENT COMPANY

6:00

Cocktail Reception

Sponsored By:

TUESDAY, July 22, 2008

9:00a

Continental Breakfast

Sponsored by:

9:15

Co-Chair Welcoming Remarks

9:30

CASE FOR EMERGING MANAGERS
• Criteria which define an Emerging Manager
• Are the best returns coming from the Emerging Manager sector and if so why?
• What does the latest research show on Emerging Managers and their overall performance?
• Who should be looking to invest in Emerging Managers
• Techniques for selecting new emerging managers and finding out what is their edge
• What function do consultants, manager of managers and fund of funds play in Emerging Manager selection
• and oversight

Moderator:
Vice Chairman & Trustee, SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND

Panelists:
President, FALCON POINT CAPITAL, LLC

10:00

“DIRECT INVESTING IN LATAM ABS”
• What are the Challenges for Foreign Investors
• Trends and New Asset Classes in Latin American Securitization
• “A Case Study – ABS of Mexican Personal Loans”

Director- Head of Latin American Securitization, BMO CAPITAL MARKETS

10:15

“THE ROLE OF GOVERNMENT AND MULTILATERALS IN DEVELOPING A SEED, VC AND PE INDUSTRY IN LATIN AMERICA”
• Situation of the Industry in LA: a snapshot of 13 countries
• Role of government in developing the industry: friend or foe?
• Value add that Multilaterals can bring

Senior Investment Officer , MULTILATERAL INVESTMENT FUND, INTER-AMERICAN DEVELOPMENT BANK

10:45

REGULATORY TRENDS AND DEVELOPMENTS
• Are your current investments in compliance with your plan documents and investment policy statement?
• What questions should be asked besides, “Where do I sign?”
• Has your fund engaged a fiduciary to monitor compliance?
• When is it appropriate to seek legal vs. investment advice?
• Your plan has found an asset class or particular investment that the Board thinks would be appropriate for
• your portfolio, what next?

Panelists:
General Counsel, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM
Jr., Of Counsel, BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ, PC

11:15

INVESTOR WRAP UP

Chairman, Investment Committee, TEXAS PERMANENT SCHOOL FUND
Planning Officer, OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM

12:00p

Closing Remarks/ Conference Concludes