Global Asset

Allocation Summit


February 1-2, 2009
La Costa Resort & Spa, Carlsbad, CA

PAST CONFERENCE AGENDA (as of 1-20-09)
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Chief Investment Officer, SAN DIEGO COUNTY RETIREMENT SYSTEM
Chief Deputy Treasurer, SAN DIEGO COUNTY TREASURER’S OFFICE
KUWAIT INVESTMENT OFFICE
State Treasurer, STATE OF WYOMING
Program Advisor - Investment Analysis, Education & Outreach, STATE OF CALIFORNIA SAVINGS PLUS PROGRAM
Trustee, AUSTIN POLICE RETIREMENT SYSTEM
Economist, INTERNATIONAL MONETARY FUND
Trustee, ORANGE COUNTY (CA) RETIREMENT SYSTEM
Planning Officer, OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM
Executive Director, HOLYOKE CONTRIBUTORY RETIREMENT
Vice Chairman, PHILADELPHIA BOARD OF PENSIONS
Director of Finance, SCRIPPS COLLEGE
Trustee, NEUROSCIENCES RESEARCH FOUNDATION
Trustee, FIRE AND POLICE PENSION ASSOCIATION OF COLORADO
Trustee, FIRE AND POLICE PENSION ASSOCIATION OF COLORADO
Trustee, CHICAGO PARK EMPLOYEES' ANNUITY AND BENEFIT FUND
Trustee, DEKALB COUNTY (GA) EMPLOYEE RETIREMENT SYSTEM
Managing Director, QUINTESSENCE GROUP, LTD.
Chairman, Investment Committee, TEXAS PERMANENT SCHOOL FUND
Vice President, Trustee, BRAINERD FOUNDATION
Consultant, MEKETA INVESTMENT GROUP, INC.
Trustee, VIRGINIA RETIREMENT SYSTEM
Commissioner, SOUTH CAROLINA RETIREMENT SYSTEM
Trustee, BOCA RATON (FL) POLICE & FIRE RETIREMENT ASSOCIATION
Investment Committee, COTTAGE HEALTH SYSTEM
Director, CAMPITELLI INVESTMENTS
Managing Director & Chief Investment Strategist, TIAA-CREF
County Controller, ALLEGHENY COUNTY
CFO, RUSSELL SAGE FOUNDATION
CPA, Executive Administrator, SOUTHWEST CARPENTERS TRUST FUND
Consultant, MEKETA INVESTMENT GROUP, INC.
Investment Analyst, CALIFORNIA COMMUNITY FOUNDATION
Director, CAMPITELLI INVESTMENTS
Principal, JACOBSON CAPITAL (FAMILY OFFICE)
Investment Committee Member, SANTA CLARA UNIVERSITY
Trustee, BALTIMORE RETIREMENT SYSTEMS
Senior Vice President/Finance, FRANCISCAN HEALTHCARE MINISTRY

Executive Director, CHICAGO (IL) PARK EMPLOYEES A&B FUND
Portfolio Manager, AVALON CAPITAL GROUP (TED WAITT FAMILY OFFICE)
Vice Chair of the Investment Committee, DISTRICT OF COLUMBIA RETIREMENT BOARD
Interim Vice President for Institutional Advancement, UNIVERSITY OF THE VIRGIN ISLANDS FOUNDATION
Board Member of Investment Board, CAL POLY UNIVERSITY
Chief Financial Officer, SAN DIEGO FOUNDATION
Trustee, THE SAN DIEGO FOUNDATION
Principal, ASSET STRATEGY CONSULTANTS
Managing Director, BEACON POINTE ADVISORS, LLC
Director of Finance, GEMOLOGICAL INSTITUTE OF AMERICA
Chairman, TULARE COUNTY EMPLOYEES RETIREMENT ASSOCIATION
Portfolio Manager, PRIDECO CAPITAL MANAGEMENT (MULTI-FAMILY OFFICE)
President, PRIDECO CAPITAL MANAGEMENT (MULTI-FAMILY OFFICE)
Director, Non-U.S. Equity Research, ROGERSCASEY
Chairman of the Investment Committee, UCLA FOUNDATION
Chairman, JUDICIAL CAPITAL (FAMILY OFFICE)
Board of Directors, KELLOG FOUNDATION OF THE CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA
Managing Partner, MICHELSEN FAMILY PARTNERS (FAMILY OFFICE)
Principal, ELITE WEALTH MANAGEMENT (MULTI-FAMILY OFFICE)
Principal, ELITE WEALTH MANAGEMENT (MULTI-FAMILY OFFICE)
President, BACIU FAMILY CAPITAL
President, PPCA INC.
Vice President and Treasurer, ELIZABETH F. CHENEY FOUNDATION
Vice President, ABF ENTERPRISES, INC
President, ABF ENTERPRISES, INC
Executive Director, HEALTH SERVICES RETIREMENT PLAN
Chief Executive Officer, UNITED MANAGEMENT GROUP (FAMILY OFFICE)
Trustee, WAYNE COUNTY EMPLOYEES RETIREMENT SYSTEM
President, QUALITY MANAGER CONSULTANTS LLC
Investment Officer, CURRAN FAMILY LIMITED PARTNERSHIP (FAMILY OFFICE)
Treasurer, THE FIRESTONE FOUNDATION/FAMILY
President, REGIME COMPLEMENTAIRE DE RETRAITE DU CAMIONNAGE LOCAL 931 A.T.R.M.
Chairman, ORANGE (CA) COUNTY EMPLOYEES RETIREMENT SYSTEM

Sunday, February 1, 2009

7:00a

Exhibit Set-up

8:00

Registration Opens

9:00

Welcoming Remarks

9:10

“STRATEGY DOMINATES TACTICS: A TOP-DOWN MACROECONOMIC APPROACH”

Speaker:
Exec. Managing Dir, Sr Portfolio Mgr, Founding Principle, FAMCO

9:30

CHALLENGES AND DEVELOPMENTS FACING THE ASSET ALLOCATION PROCESS - WHAT STRATEGIES WILL WORK BEST FOR THE FUTURE?
• Strategic asset allocation
• What is driving liability driven investing?
• Tactical asset allocation
• Using ETFs in TAA strategies
• Tactical vs. strategic asset allocation
• Critical issues regarding absolute returns
• Incorporating alternative strategies within traditional strategies
• Determining the optimal investment mix
• Latest methodologies for constructing efficient portfolios

Moderator:
Planning Officer, OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM

Panelists:
Trustee, ORANGE COUNTY (CA) RETIREMENT SYSTEM
Principal, ASSET STRATEGY CONSULTANTS

10:30

WHICH INVESTMENT STRATEGIES WILL OUTPERFORM THE REST IN THE CURRENT TUMULTUOUS ECONOMIC ENVIRONMENT?

Moderator:
County Controller, ALLEGHENY COUNTY

Panelists:
Lead Portfolio Manager, TORREY PINES CAPITAL MANAGEMENT CAIA, WELTON INVESTMENT CORPORATION
CAIA, WELTON INVESTMENT CORPORATION
TBD, WACHOVIA

11:30

THE ROLE OF ALTERNATIVE INVESTMENTS IN THE ASSET ALLOCATION PROCESS
This panel comprised of Industry experts will examine and discuss challenges and the evolving process of incorporating Alternative Investments to the asset allocation process

Moderator:
Director, CAMPITELLI INVESTMENTS

Panelists:
Senior Managing Partner, HAGIN INVESTMENT MANAGEMENT
Principal & Managing Director, GETI CAPITAL MANAGEMENT
President & CEO, HYMAN BECK & COMPANY

12:15p

Refreshment Break

Sponsored by:

12:30p

MANAGER SELECTION
• Manager Selection Risk Factors
• Detecting Manager Fraud
• Examples of major manager fraud cases
• Qualitative screening and due diligence
• What are the key determinants when selecting a manager
• Working with a consultant during the manager selection process
• What should an institutional investor be looking for when selecting a manager?
• Defining and managing investment manager styles
• What are the most effective quantitative and qualitative methods for selecting managers?
• Is it possible to consistently choose managers that surpasses the benchmark; if so what is the secret?

Moderator:
Executive Director, CHICAGO (IL) PARK EMPLOYEES A&B FUND

Panelists:
Consultant, MEKETA INVESTMENT GROUP, INC.
Board of Directors, KELLOG FOUNDATION OF THE CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA

1:15

CHALLENGES AND DEVELOPMENTS FACING SOCIALLY RESPONSIBLE INVESTING

Moderator:
Chairman, JUDICIAL CAPITAL (FAMILY OFFICE)

Panelists:
Investment Analyst, CALIFORNIA COMMUNITY FOUNDATION
First Vice President, ARMSTRONG GROUP, PRIVATE BANKING & INVESTMETN GROUP AT MERRILL LYNCH
Managing Director, AURARIAN CAPITAL, L.L.C

2:00

Superbowl Party

Monday, February 2, 2009

8:00

Continental Breakfast

Sponsored By

8:45

Welcoming Remarks

9:00

ALPHA: WHERE TO LOOK AND HOW TO GET IT
• Identifying managers and strategies with the highest probability of obtaining alpha
• Separating the alpha and beta risk for a more efficient portfolio
• Portable alpha strategies investors should be looking at
• Key determinants and design to successfully implementing portable alpha strategy?
• Maximizing performance by preserving alpha
• Generating alpha in a time of mounting risks
• Are fund of funds capable of providing sustainable alpha?
• Are investor’s expectations of sustained alpha unrealistic given the current market environment?
• What challenges are investors facing when constructing an alpha portfolio?
• Are hedge funds a good source of alpha?

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

Panelists:
Managing Director & Chief Investment Strategist, TIAA-CREF
Investment Committee Member, SANTA CLARA UNIVERSITY
Board Member of Investment Board, CAL POLY UNIVERSITY
President, QUALITY MANAGER CONSULTANTS LLC
Director of Research, 6800 CAPITAL L.L.C

10:00

INVESTING IN EMERGING MARKETS
• The BRIC Economies
• Which emerging markets are providing the greatest returns ?
• International and emerging markets bonds
• How to Perform Due Diligence in Key Emerging Markets
• Indexing Emerging Markets
• Tactical Asset Allocation strategies in Emerging Markets
• Distressed Debt Opportunities in Emerging Markets
• Choosing an Emerging Markets fund manager

Moderator:
Chief Deputy Treasurer, SAN DIEGO COUNTY TREASURER’S OFFICE

Panelists:
CFA, Chief Investment Officer, FRONTIER MARKET ASSET MANAGEMENT
Trustee, VIRGINIA RETIREMENT SYSTEM
President, PMA-USA, INC.

11:00

Morning Refreshment Break

11:15

PRIVATE EQUITY, OUTLOOK FOR THE FUTURE
• Where to look for future opportunity in private equity
• Emerging trends and allocation strategies
• PIPES trends and developments
• What exit strategies are working best? Which will work best in the future?
• Convergence of private equity and hedge funds
• Searching for new investment opportunities
• Where is the real estate private equity market today?
• How do Private Equity Investments Create Value in Turnaround/Distressed Situations?

Moderator:
Executive Director, HOLYOKE CONTRIBUTORY RETIREMENT

Panelists:
Co-Founder/General Partner, KAIROS CAPITAL PARTNERS
Principal, MERIDIAN DEVELOPMENT PARTNERS
Director, WATERLINE PARTNERS

12:00p

REAL ASSETS & REAL ESTATE:
• How do real assets fit into a portfolio?
• Infrastructure
• Private equity investments in oil and gas
• Which real estate vehicles will perform best given the current environment
• Timber - how will returns stack up in the future?
• Investing in agriculture; harvesting returns
• Investing in real estate today and tomorrow
• Are there opportunities in international real estate? If so, how to invest?
• Looking to the future with renewable energy technologies
• What are the risk-return and return prediction characteristics of real assets?

Moderator:
Trustee, AUSTIN POLICE RETIREMENT SYSTEM

Panelists:
Managing Director, Investment & Finance, PREMIER PACIFIC VINEYARDS
Real Estate Investment Manager, GE ASSET MANAGEMENT
CPA, Managing Director, OPPENHEIMER & CO.
Chairman & CEO, INTERCONTINENTAL REAL ESTATE CORP.

1:00

Luncheon
“Gold as an Asset Class”

Sponsored by:
Head of Investment, North America , WORLD GOLD COUNCIL

2:15

Effectively Diversifying a Portfolio
• Latest methodologies for constructing efficient portfolios
• Global equities
• Real estate
• Effective strategies for investing in REITS and publicly traded real estate securities
• Emerging markets
• Commodities

Moderator:
Trustee, BOCA RATON (FL) POLICE & FIRE RETIREMENT ASSOCIATION

Panelists:
Director, Non-U.S. Equity Research, ROGERSCASEY
President, PPCA INC.
Senior Vice President & CCO, QUADREXX ASSET MANAGEMENT INC.
Vice President, Investment Affairs & Investor Education, NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT)

3:15

ADDING FUNDS OF FUNDS TO AN INSTITUTIONAL PORTFOLIO
• Have fund of funds become the platform of choice?
• Do international funds of funds offer an advantage
• How are funds of funds allocating capital across numerous hedge fund strategies?
• How can fund of funds remain viable and still demonstrate the value they provide to investors?
• Performance and structural trends
• Fund of fund product characteristics and trends
• Examining fees, liquidity, transparency
• What are fund of funds doing to keep on top of their game?
• How are fund of funds practicing risk management in the current volatile market environment?
• Is there a convergence occurring between consultants and fund of funds and if so where could this lead?

Moderator:
Trustee, DEKALB COUNTY ( GA) EMPLOYEE RETIREMENT SYSTEM

Panelists:
Managing Director, COLD PARTNERS ASSET MANAGEMENT

4:00

Investor Roundtable

Moderator:
Trustee, THE SAN DIEGO FOUNDATION

Panelists:
Trustee, WAYNE COUNTY EMPLOYEES RETIREMENT SYSTEM

5:30

Cocktail Reception

6:30

Conference Concludes