Endowment & Foundation

Forum


October 25-27, 2009
Hyatt Regency Boston, Boston, MA

PAST ENDOWMENT & FOUNDATION FORUM AGENDA (as of 10-21-09)__

Chief Investment Officer, Penn State University
Manager of Investments, University of Michigan
Chief Investment Officer, Oberlin College
Chief Investment Officer, Pepperdine University
Interim CIO, Brandeis University
Chief Financial Officer, MIT Investment Management Company
Director, Private Equity, Harvard Management Co. Inc.
Treasury Analyst, The University of Connecticut Foundation, Inc
Manager, Operational Risk Management & Compliance, Stanford Management Company
Vice President for Finance and Treasurer, Loyola University of Maryland
Chief Investment Officer, University of Colorado Foundation
Director of Financial Services, Ohio State University
VP,Finance & Administration, College of Notre Dame of Maryland
Investment Officer, Boston College
Vice President-Finance & Chief Financial Officer, Babson College
Vice President of Finance, Marywood University
Senior Vice President & Chief Financial Officer, South Texas College of Law
Director of Investment Operations and Risk Management, Williams College Investment Office
Director of Finance, The Hyams Foundation
Chief Financial Officer, Columbia College
Executive Vice President/Treasurer, Assumption College
Investment Associate, Tufts University
Treasurer/ VP for Operations and Finance, Southern New Hampshire University
Special Assistant to Sr. Vice President for Finance & Treasurer, Simmons College
Investment Committee, Rutgers University Endowment
Treasurer & Director of Finance, Northeastern University
Senior Financial Analyst, Hotchkiss School
Chair of our Finance & Investment Committee, Connecticut Health Foundation, Inc.
VP of Development, Arkansas Tech University
Senior Accountant, Boy’s and Girl’s Club of Boston
Controller, Virginia Wellington Cabot Foundation
Director of Financial Services, Middlesex Community College
Committee Member, St. Jude Children’s Research Hospital
Investment Committee Member, Santa Clara University
Assistant Vice President for Finance and Controller, Rhode Island College
Investment Committee Chairman, Howard University Endowment and Retirement Fund
Managing Director - Director of Foundation and Non-Profit Consulting, GreyStone Consulting
Associate Director, Cambridge Associates
Head of Client Group, Albourne America LLC
Director, Watson Wyatt Investment Consultants
Managing Director, Disabato Advisers, LLC
President & CEO, Cambridge Associates
Director of Private Equity, Albourne Partners Limited
Principal, Mercer Investment Consulting
Consultant, CFA, New England Pension Consultants
Managing Partner, New England Pension Consultants
CEO & Founder, Kos Consultants
Vice President, P-Solve Asset Solutions
Chief Operating Officer, Federal Street Advisors
Associate, Cambridge Associates

Managing Partner, MacLaren Advisors, LLC
Senior Consultant, Mercer Investment Consulting
Founding Partner, Massey, Quick & Co. LLC
Consultant, CTC Consulting Inc.
Chief Executive Officer, Paradigm Consulting Services
Director of Marketing, Prime, Buchholz & Associates
Analyst, Mercer Investment Consulting
Managing Partner, Corgentum Consulting, LLC
Managing Director, Wainwright Investment Counsel
Principal and Executive Vice President, Fiduciary Investment Advisors, LLC
Managing Partner, RDK Strategies
Principal & Managing Director, P-Solve Asset Solutions
Senior Associate, Meketa Investment Group
Chairman of the Investment Committee, Southern New Hampshire University
Vice President of Finance and Administration, Guilford College
Investment Analyst, Tufts University
Vice President, Finance and CFO, Boys & Girls Clubs of Boston
Executive Vice President and Chief Financial Officer, Bunker Hill Community College
Vice President, Investments, The F. B. Heron Foundation
Chief Investment Officer, Virginia Wellington Cabot Foundation
Member, Investment Advisory Committee, Archdiocese of Toronto ( Ontario , Canada )
Senior VP for Finance and Business, The New School
Director, Planned Giving & Endowments, United Jewish Communities
Senior Vice President for Administration and Finance/Treasurer, BERKLEE COLLEGE OF MUSIC
President, FSAssociates
Controller, The Commonwealth Fund
Chairman, Investment Committee, Texas Permanent School Fund
Stanton Professor of Finance, Bentley College
President, Jack D. Hidary Foundation
Associate Director of Financial Services, Middlesex Community College
Portfolio Manager, College Illinois
Finance Committee, Christopher Reynolds Foundation
Vice President, Finance and Operations, Connecticut Health Foundation, Inc.
Treasurer, Westover School
CFA, Investment Strategist, Yale-New Haven Health System
Director of Private Equity, Partners HealthCare
Private Equity Portfolio Manager, Partners HealthCare
Managing Principal, FINADIUM LLC
Senior Financial Analyst, Partners HealthCare System, Inc.
Investment Committee Member, The Health Foundation of Central Massachusetts
Treasury Analyst, Partners Healthcare
SVP, Director of Research, Fidelity Charitable Gift Fund
Vice President, Fund Evaluation Group, Inc
Assistant Treasurer, New World Foundation
Chief Financial Officer, Boston Symphony Orchestra, Inc.
Director of Investments and Compliance, Boston Symphony Orchestra, Inc.
Senior Consultant, FINADIUM LLC
Chief Financial Officer, Boston Architectural College
Chief Financial Officer, Museum of Fine Arts
CFO, Simmons College
VP of Investments, Father Flanagan's Trust Fund

Sunday, October 25, 2009

9:00a

Exhibit Setup

11:00a

Registration Desk Opens

12:45p

Co-Chair Welcoming Remarks

Chief Investment Officer, PENN STATE UNIVERSITY
Vice President for Finance and Treasurer, LOYOLA UNIVERSITY OF MARYLAND

1:00p

Searching for Stable Alpha: The Extraordinary Case for Managed Futures

President, STEBEN & COMPANY

1:20p

"Managed Futures: The Index Approach"

Product development, EAM Partners LP,

sponsored by Royal Bank of Scotland

1:40p

“Measuring the Real Value of Managed Accounts”

Director, Lyxor AM

2:00p

Challenges facing Endowments and Foundations: Past, Present and Future

• The Good, the bad & the Ugly
• Investment opportunities in key markets
• Alternative Investments….worth the risk?
• Lack of liquidity…..impact on investment decisions

Moderator:
Director of Financial Services, THE OHIO STATE UNIVERSITY

Panelists:
VP Finance & Administration, COLLEGE OF NOTRE DAME OF MARYLAND
Controller, THE COMMONWEALTH FUND
Member of the Board, Stevens Institute of Technology

2:45p

Refreshment Break

3:00p

What Opportunities Have Arisen for Institutional Investors as a Result of the Credit Market Crisis?

• Credit alternatives
• Alternative Financing
• Opportunities to buy from failed/failing financial institutions (focus on FDIC)
• Distressed Investing Opportunities
• Traded versus Private Credit Investin

Moderator:
Chief Investment Officer, PEPPERDINE UNIVERSITY

Panelists:
Founder/CIO/CEO, ATALAYA CAPITAL MANAGEMENT LP
President & CIO, PUNCH & ASSOCIATES
CEO, VERO Capital Management, L.L.C.
Senior Vice President, Coventry
CEO, DFG Investments

4:15p

Investment Styles and Strategies

• Risk adjusted returns
• Is” buy and hold” a viable strategy?
• Style specialists vs. generalists
• Investing with a longer time horizon
• Active vs. Passive
• Sustainable Investment Process

Moderator:
Investment Committee Member, SANTA CLARA UNIVERSITY

Panelists:
FORTIS
Portfolio Manager, STELLIAM INVESTMENT MANAGEMENT
Vice President, BARON CAPITAL MANAGEMENT INC.
Partner, EFFICIENT CAPITAL MANAGEMENT
Founder, CIO, Managing Principal, Galtere Ltd.

5:15p

Trends in Asset Allocation for Endowments and Foundations

• What asset classes will endowments and foundations be looking to allocate to over the next 12 months?
• Reevaluating & rebalancing your portfolio in a down market
• How much of your portfolio should be allocated to alternative investments?

Moderator:
Managing Partner, NEW ENGLAND PENSION CONSULTANTS

Panelists:
Treasury Analyst, THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC
Managing Director, Quantitative Strategies Group, DB ADVISORS
Managing Director, Chief Research Strategist, ROGERSCASEY
Chief of Investment Strategy, Rockefeller and Company
Vice President, MORNINGSTAR

6:00

Cocktail Reception

Sponsored by :
SG AMERICAS SECURITIES, LLC

Monday, October 26, 2009

7:00a

Continental Breakfast

7:45a

Welcoming Remarks

8:00a

"An International Opportunity -- Activism Through Investor Relations"

Portfolio Manager, KABOUTER MANAGEMENT, LLC

8:20a

Managing Director, GTS ADVISORS

Track 1

Track 2

8:40a

Fund of Funds

• The new fund of fund landscape
• Compliance issues
• Raising Equity
• Hold periods

Moderator:
Managing Partner, CORGENTUM CONSULTING, LLC

Panelists:
Executive Vice President, FIDUCIARY INVESTMENT ADVISORS, LLC
President, PRISM ADVISORS
Executive Director of Investment Strategies, London & Capital, LLC

Real Estate

• How do you determine your allocation to real estate?
• Is real estate part of the alternatives or an asset class on its own?
• Buying distressed debt
• Long term fundamentals
• Top returns/minimum risk
• Diversification

Moderator:
Chairman, Investment Committee, TEXAS PERMANENT SCHOOL FUND

Panelists:
Managing Director, COMMONFUND REALTY, INC.
Chairman & CEO, INTERCONTINENTAL REAL ESTATE CORP.
President, REZNICK CAPITAL MARKETS LLC

9:45a

Private Equity

• Return expectations?
• When will exits resume?
• The leverage refinancing wall
• Alignment of Interests
• Secondaries golden age?

Moderator:
Director of Private Equity, ALBOURNE PARTNERS LIMITED

Panelists:
Managing Director, FISHER LYNCH CAPITAL
Senior Vice President for Administration and Finance/Treasurer, BERKLEE COLLEGE OF MUSIC
Interim CIO, Brandeis University

Emerging Markets

• What are the main long-term drivers for endowments & foundations to invest in emerging markets?
• What are the main risks and how do you manage them?
• BRIC economies

Moderator:
Chairman, Investment Committee, RUTGERS UNIVERSITY ENDOWMENT

Panelists:
CFA, Investment Strategist, YALE-NEW HAVEN HEALTH SYSTEM
CEO & Managing Partner, ASK INVESTMENT
MANAGERS PRIVATE LIMITED
Founder and CIO, Pacific Sun Investment Management (HK) Ltd
CEO, Old Mutual Global Index Trackers (US) LLC

10:45a

Morning Refreshment Break

11:00a

Real Assets

• Timber
• Commodity
• Agriculture
• Need for diversification
• Oil & Gas
• Water
• New alternatives|

Moderator:
Consultant, CFA, NEW ENGLAND PENSION CONSULTANTS

Panelists:
CEO, TIMBERVEST
Chief Financial Officer, FOUNDATION ENERGY MANAGEMENT
Senior Analyst, Van Eck Global
Partner, FLAG Capital Management, LLC

Trends in Fixed Income

• Hedging your bets
• Int’l plays
• Finding good sources
• Hold periods

Moderator:
Senior Consultant, EVALUATION ASSOCIATES

Panelists:
Managing Director; Portfolio Manager, VISION GUARDIAN PARTNERS
Managing Director, BABSON CAPITAL

12:00p

Investing in Alternatives

What role will alternatives play in endowment and foundation portfolios?

• Emerging managers for endowments and foundations
• Reputational investing
• Triple Bottom Line
• Sustainable developments
• Liability Driven Investing
• SRI
• Stakeholder engagement

Moderator:
Investment Committee Chairman, HOWARD UNIVERSITY ENDOWMENT AND RETIREMENT FUND

Panelists:
Director, PEACHTREE CAPITAL MARKETS
Senior Consultant, HAMMOND ASSOCIATES
Founder, BEACONCREST CAPITAL MANAGEMENT LLC

Equity Investing

• How much of your allocation should be in equities?
• Which industries should you allocate to?
• The international equity market
• The domestic equity market

Moderator:
Vice President for Finance and Treasurer, Loyola University of Maryland

Panelists:
Partner & Director of Research, HS MANAGEMENT PARTNERS, LLC
Principal, MERCER INVESTMENT CONSULTING
Portfolio Manager, CLEARBRIDGE ADVISORS
CEO, F-SQUARED INVESTMENTS
Managing Partner, KIRBY MCINERNEY LLP

1:00p

LUNCHEON

2:15p

Hedge Funds

• What is the future of the hedge fund industry?
• What are the concerns?
• What role will hedge funds play in endowments and foundation’s portfolios in the upcoming year?
• What kind of funds will survive?
• What risks are involved when allocating to hedge funds?

Moderator:
Vice President of Finance and Administration, GUILFORD COLLEGE

Panelists:
Managing Director, Senior Portfolio Strategist, QFS ASSET MANAGEMENT, L.P.
President and Chief Risk Officer, VARA CAPITAL MANAGEMENT
Managing Director, PERTRAC FINANCIAL SOLUTIONS
Partner/Deputy Portfolio Manager, PLAINFIELD ASSET MANAGEMENT

3:30p

Opportunities in Infrastructure

• Risks and pitfalls of investing in infrastructure
• Energy: what incentives are available and what returns are expected?
• Transportation: Air, Land & Sea

Moderator:
Senior Associate, Meketa Investment Group

Panelists:
Head of Corporate Development, TORTOISE CAPITAL ADVISORS
Partner, SWANK CAPITAL LLC

4:15p

New Developments in Commodity Markets

• Future of Commodity markets: Where Will Commodity Markets Be in Relation to A) Next Year, B) Three Years and C) Five Years?
• Foreign investments
• Will Agricultural Commodities Behave Differently from Energy and Metals?
• Impact of Int’l demand on commodities
• Which commodities are doing well?

Moderator:
Chief Investment Officer, PENN STATE UNIVERSITY

Panelists:
CFA, Consultant, Stratford Advisory Group
First Vice President, Head of Chicago Foreign Exchange, Newedge Group
Managing Director, Jefferies Asset Management, LLC

5:00p

KEYNOTE SPEAKER

Kyle Bass, Managing Partner, HAYMAN ADVISORS, L.P.

5:30p

Cocktail Reception

Sponsored by:
ELP CAPITAL

Tuesday, October 27, 2009

7:45a

Continental Breakfast

8:20a

Welcoming Remarks

8:30a

Monetizing Volatility:  A Case for Hedged Equities

Co-Founder, President and CEO, RAMPART INVESTMENT MANAGEMENT COMPANY

9:00a

Option Strategies to Quell Market Chaos & Enhance Returns

Managing Director, OPTIONS INDUSTRY COUNCIL

9:30p

CIO Outsourcing…….. A New Trend?

• When is outsourcing a good option?
• Advantages and disadvantages of outsourcing your endowment
• Compliance Issues
• Fiduciary Duties

Moderator:
Principal, Prime, Buchholz & Associates

Panelists:
Chief Investment Officer, UNIVERSITY OF COLORADO FOUNDATION, INC.
President & CEO, CAMBRIDGE ASSOCIATES
Senior Managing Director, STATE STREET GLOBAL ADVISORS
Founder & Chief Investment Officer, The Endowment Office

10:30a

Socially Responsible Investing/Fiduciary Responsibility

• Best Practices
• Investing in a sustainable future
• Green Clean Technologies
• Government & Tax credit
• Due Diligence

Moderator:
Senior Consultant, MERCER INVESTMENT CONSULTING

Panelists:
Finance Committee Member, CHRISTOPHER REYNOLDS FOUNDATION
Member, Investment Advisory Committee Member, ARCHDIOCESE OF TORONTO (ONTARIO, CANADA)
President, Emily Hall Tremaine Foundation
Chief Investment Officer and Partner, Aperio Group

11:30a

Consultant Roundtable

Moderator:
Director, Planned Giving & Endowments, UNITED JEWISH COMMUNITIES

Panelists:
Managing Partner, RDK STRATEGIES
Principal & Managing Director, P-SOLVE ASSET SOLUTIONS
Vice President, FUND EVALUATION GROUP, INC

12:15p

Conference Concludes