Public Funds

Summit

January 7-9, 2009
The Phoenician, Scottsdale, AZ

PAST CONFERENCE AGENDA (as of 1-1-2009)

Vice Chairman, City of Ann Arbor Employees Retirement System
General Counsel, Ann Arbor (MI) City Employees' Retirement System
Chairman, Anne Arundel County Retirement & Pension System
Treasurer, County of Arapahoe (CO)|
Chief Investment Officer, Arizona State Retirement System
Portfolio Manager-Alternative Strategies, Arizona State Retirement System
Private Equity Portfolio Manager, Arizona State Retirement System
Portfolio Mgr in Equities, Arizona State Retirement System
Executive Director, Arizona State Retirement Syste
Portfolio Manager, Arizona State Treasurer's Office
Portfolio Manager, Arizona State Treasurer's Office
Chief Investment officer, Arizona State Treasurer's Office
Real Estate and Alternative Investments, Arizona Public Safety Personnel Retirement System
Deputy Treasurer, Arizona State Treasurer's Office
State Treasurer, Arizona State Treasurer's Office
Trustee, Arlington Heights Police Pension Fund
President, Board of Trustees, City of Aurora Police Money Purchase Pension Plan
Chairman, Austin (TX) Police Retirement Fund
Trustee, Austin Police Retirement System
Trustee, Baltimore (MD) Retirement Systems
Chairman, Bay City (MI) Police & Fire Ret. System
Trustee, City of Birmingham ( AL ) Employees Retirement and Relief System
Trustee, Birmingham 's ( AL ) Firemens and Policemens Pension Fund
Trustee, City of Birmingham Employees' Retirement and Relief System
Trustee, Boca Raton (FL) Police & Fire Retirement Assoc.
Principal & Consulting Actuary, Buck Consultants
Director, Policy Communications, CAAT Pension Plan
Executive Vice President, Callan Associates
Senior Investment Officer, CALPERS
Director of Investment Performance/Due Diligence, State Of California Savings Plus Program
Administrator, State Of California Savings Plus Program
President, Chicago (IL) Park Employees A&B Fund
Executive Director, Firemen's Annuity & Benefit Fund
of Chicago (IL)
Trustee, Contra Costa County Employees ' Retirement Association
Trustee, City of Danbury (CT)
Chairman of the Board, Trustee, City of Daytona Beach and Fire Pension Plan
Trustee, DeKalb County (GA) Employee Retirement System
Assistant Executive Secretary, Detroit (MI) General Retirement System
Assistant Executive Secretary, Police and Fire Retirement System of the City of Detroit
Chairman, Fresno (CA) City Fire & Police Retirement Board
Trustee/Deputy Chief, Fulton (GA) County Employees Retirement System
Director Public Retirement Plans & Principal Consultant, Hammond Associates
Trustee, Harbor Police Retirement System
Executive Director, Holyoke Contributory Retirement
Trustee, Holyoke Contributory Retirement
Trustee, Houston Police Officers Pension System
State Treasurer, The State of Idaho
Director of Equities, Indiana Public Employees' Retirement Fund
Director of Fixed Income and Real Assets, Indiana Public Employees' Retirement Fund
Trustee, Inkster (MI) Police & Firemen's Pension Board
State Treasurer, The State of Iowa
Executive Director-Administrator , Jacksonville Police & Fire Pension Fund
Trustee, Kansas City (MO) Employees Retirement System
Chairman, Las Vegas Police Department
Compensation Manager & Plan Administrator, Lincoln Firemen's & Policemen's Retirement System
Trustee, Louisiana Assessors' Retirement Fund
Chief Investment Officer, Louisiana State Employees' Retirement System

Investment Officer,  Louisiana State Employees' Retirement System
Trustee, Louisiana State Employees Retirement System
Executive Director, Maryland State Retirement and Pension Systems
Executive Director, Minnesota State Board of Investment
Executive Director, Minnesota Teachers Retirement Association
Trustee, Minnesota State Retirement System
Chief Investment Officer, Missouri Local Govt Employees Retirement System
General Counsel, NYC Police Pension Fund
Director of Investments / Pension Policy - NYCERS Trustee, NYC Public Advocate
President, Nevada Peace Officers Association
Chief Investment Officer, New Mexico State Investment Council
Director - Private Equity & ETI Programs, New Mexico State Investment Council
Norfolk County Treasurer, Norfolk County Retirement Board
Executive Director, Ohio Highway Patrol Retirement System
Trustee, OHIO HIGHWAY PATROL RETIREMENT SYSTEM
Planning Officer, Oklahoma Firefighters Pension & Retirement System
Executive Director, Oklahoma Firefighters Pension System
Battalion Chief, Vice Chairman, Omaha Police & Fire Pension System
Deputy Chief Investment Officer, Oregon Public Employees Retirement System
Equity Investment Officer, Oregon State Treasury
Chairman, City of Orlando Police Pension Board
Treasurer, City of Phoenix (AZ) Employees Retirement System
Trustee, City of Phoenix (AZ) Employees Retirement System
Trustee, City of Philadelphia Board of Pensions & Retirement
Chairman, City of Pontiac General Employees Retirement System
Private Equity Strategist, Public Safety Personnel Retirement System
Trustee, City of Pontiac General Employees Retirement System
Trustee, City of Pontiac General Employees Retirement System
Trustee, City of Pontiac General Employees Retirement System
Trustee, City of Pontiac General Employees Retirement System
Trustee, City of Pontiac General Employees Retirement System
Finance Director, PROVIDENCE EMPLOYEES' RETIREMENT SYSTEM
President and CEO, Rogerscasey
Managing Director, RogersCasey
Director of Finance, Sacramento County (CA) Employees Retirement System
Vice Chairman & Trustee, San Antonio Firemen's & Policemen's Fund
Trustee, San Bernardino (CA) County Employees Retirement Assoc
Trustee, San Bernadino County Employees ' Retirement Association
Trustee, San Bernadino County Employees ' Retirement Association
Trustee, San Bernadino County Employees ' Retirement Association
Trustee, San Bernadino County Employees ' Retirement Association
Trustee, San Bernadino County Employees ' Retirement Association
Trustee, San Diego (CA) County Employees ' Retirement System
Chief Financial Officer, City of Scottsdale (AZ)
Trustee, Somerville  Retirement Board
Chairman/ Board Trustee, Sonoma County Employees Retirement Association
Finance Manager, City of Scottsdale
Investment Manager, City of Tucson (AZ)
Chairman, Investment Committee, Texas Permanent School Fund
Trustee, Tucson (AZ) Supplemental Retirement System
Trustee, Tucson (AZ) Supplemental Retirement System
Trustee, Virginia Retirement System
Secretary/Treasurer, Washington State Council of Firefighters
President, Washington State Council of Firefighters
Trustee, Wayne County Employees Retirement System
Trustee, West Palm Beach Police Pension Fund
Trustee, West Palm Beach (FL) Police Officers Pension Fund
State Treasurer, State of West Virginia
Senior Consultant, Wurts & Associates
Director of Research, Wurts & Associates

Wednesday, January 7, 2009

7:30a

Golf Tournament

Sponsored by
MERIDIAN CAPITAL PARTNERS

9:00

Exhibits Open Exhibit Setup Begins

12:20p

Co-Chair Welcoming Remarks

12:30

Strategy Dominates Tactics: A Top-down, Macro Approach to Economics

Speaker:
Executive Managing Director, Sr. Portfolio Mgr, Founding Principle, FIDUCIARY ASSET MANAGEMENT, LLC

12:50

Managing Director, BNP PARIBAS

1:10

CIO Roundtable

Panelists:
Chief Investment Officer, LOUISIANA STATE EMPLOYEES' RETIREMENT SYSTEM
Chief Investment Officer, NEW MEXICO STATE INVESTMENT COUNCIL
Chief Investment Officer, MISSOURI LOCAL GOVT EMPLOYEES RETIREMENT SYSTEMF

2:10

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

Moderator:
Senior Investment Officer, CALPERS

Panelists:
Senior Vice President, ING CLARION CAPITAL
High Yield Portfolio Manager, ADVANTUS CAPITAL MANAGEMENT
Chief Executive Officer, GSL ADVISORS
Market Strategist for M. RAMSEY KING SECURITIES, Inc., and author of the daily KING REPORT
Managing Partner, CIO, INTERNATIONAL INVESTMENT GROUP

3:30

Afternoon Refreshment Break
Sponsored by:

3:45

Manager Selection
This panel will explore and discuss the methods and best practices for managing, evaluating and scrutinizing the vast pool of money managers in today’s marketplace.
• Identifying advantages & risks when choosing a fund manager

Moderator:
Trustee, CITY OF PHILADELPHIA BOARD OF PENSIONS & RETIREMENT

Panelists:
President and CEO, ROGERSCASEY
Trustee, KANSAS CITY (MO) EMPLOYEES RETIREMENT SYSTEM
CFA, Senior Vice President, FRED ALGER MANAGEMENT
Regional Director for the Americas , PERMAL GROUP INC.

4:45

Styles & Strategies
• 130/30
• Can plan sponsors win consistently higher Alpha by actively managing a Global Equities Portfolio, or should they
  stick with US and Non-US Equity management?
• Event Driven
• Distressed
• Absolute Return Strategies
• Tactical Asset Allocation
• Mergers & Acquisitions
• Global-Macro, Emerging Markets

Moderator:
Chairman, AUSTIN (TX) RETIREMENT FUND

Panelists:
Executive Vice President of Business Development, HODGES CAPITAL MANAGEMENT
Vice President, Client Portfolio Manager - International Equity, GE ASSET MANAGEMENT INC.
Portfolio Manager, CLEARBRIDGE ADVISORS
Managing Director, STUART PORTFOLIO CONSULTANTS, LP

5:45

Cocktail Reception

Thursday, January 8, 2009

7:15a

Continental Breakfast

7:15

Investor Roundtable
Closed door session for Investors & Consultants only

Facilitators:

8:00

Co-Chair Welcoming Remarks

8:10

“What to Expect in a Post-Bear Market Bounce”

Speaker:
Portfolio Specialist, FISHER INVESTMENTS

8:30

“The Global Investors Challenge: Achieving Balance in a Volatile World.”

Speaker:
SVP Asset Allocation, PYRAMIS GLOBAL ADVISORS

Track 1

Track 2

9:00

Real Estate
• What are the components of real estate returns?
• REITS
• Alternative Strategies Investing in Real Estate
• Which Real Estate Vehicles are Yielding Higher Returns?
• Value added urban strategies

Moderator:
Planning Officer, OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM

Panelists:
Managing Director, Senior Investment Officer, PERSEUS REALTY PARTNERS
Chairman & CEO., INTERCONTINENTAL REAL ESTATE CORP.
Senior Vice President, ING CLARION PARTNERS

Alpha
• What are the new alpha sources to consider?
• Which hedge fund strategies provide the most alpha?
• Has hedge fund beta been increasing recently?
• Will alpha diminish as more investors enter the hedge
   funds space?
• How will the evolving global economic environment influence alpha-generating strategies?

Moderator:
Chairman, BAY CITY (MI) POLICE & FIRE RET. SYSTEM

Panelists:
Managing Director, Senior Portfolio Strategist, QFS ASSET MANAGEMENT, L.P.
VICTORY CAPITAL MANAGEMENT
Managing Partner, CIO, INTERNATIONAL INVESTMENT GROUP
Trustee, VIRGINIA RETIREMENT SYSTEM

10:00

Hedge Fund
• What role do hedge funds play in a public pension
   plan’s portfolio?
• Are hedge funds providing sufficient transparency to
   public pensions?
• Can increased exposure to hedge funds reduce public
   funds liability risk?

Moderator:
CAIA, Portfolio Manager-Alternative Strategies, ARIZONA STATE RETIREMENT SYSTEM

Panelists:
Partner, BRIGADE CAPITAL MANAGEMENT
Head of US Alternative Business Development, PNC GLOBAL INVESTMENT SERVICING
Managing Partner, PRISMA CAPITAL PARTNERS LP
Vice President, INTECH

Real Assets /Commodities
• What role do Real Assets play in Public Pensions portfolio?
• Understanding how timber and timberland can enhance a diversified portfolio
• Who should be investing in Real Assets and why?
• Investing in Infrastructure

Moderator:
Trustee, SAN BERNARDINO (CA) COUNTY EMPLOYEES RETIREMENT ASSOC

Panelists:
CEO, TIMBERVEST
Senior Managing Director, MACQUARIE CAPITAL (USA) INC.

11:00

ASSET ALLOCATION
• Determining the optimal asset allocation for Public
   Pensions

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

Panelists:
CFA, Portfolio Manager, CORNERSTONE INVESTMENT PARTNERS
CEO, SANCTUARY WEALTH MANAGEMENT
Trustee, ORANGE COUNTY RETIREMENT SYSTEM

Opportunities in Fixed-Income
• The sub-prime markets - what effect do they have on
   an Institutional Portfolio?
• Short term rates - how are they influencing current
   market conditions?
• Why investing in fixed Income makes more sense now
   than ever?
• Is Fixed Income an Alpha Driver?
• Separating Alpha from Beta
• Opportunities in corporate credit

Moderator:
Executive Vice President, CALLAN ASSOCIATES

Panelists:
First VP Investments, GOODSON, KIEFFER & CARTER ASSET MANAGEMENT GROUP OF WACHOVIA SECURITIES
Head of Fixed-Income Strategies, VISION CAPITAL ADVISORS
Managing Director, NICHOLAS-APPLEGATE
Sr. Managing Director, PACIFIC ASSET MANAGEMENT

12:00p

Private Equity & Venture Capital
• Latest trends in private equity
• Considerations in determining whether private equity is
   appropriate for your portfolio
• Liquidity: Entering/Exiting a fund
• How will the recent turmoil in the credit market affect the
   private equity industry? How should investors react to
   the current environment?
• What are realistic return expectations in the private
   equity industry going forward?
• Private Equity and Hedge Funds.Is there truly a
   convergence?
• Private Equity in Emerging Markets

Moderator:
Director - Private Equity & ETI Programs, NEW MEXICO STATE INVESTMENT COUNCIL

Panelists:
Private Equity Strategist, PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM
Partner, KAIROS CAPITAL PARTNERS
Partner, Head of North America, ALTIUS ASSOCIATES

Socially Responsible Investing & Pension Fund Issues
• The Role of Public Pensions
• What are the approaches investors typically utilize in SRI?
• Who is Investing today and why?
• The Screening Process

Moderator:
President and CEO, ROGERSCASEY

Panelists:
Finance Director, PROVIDENCE EMPLOYEES' RETIREMENT SYSTEM
Managing Director, FTSE-KLD INDEXES
Trustee, ORANGE COUNTY RETIREMENT SYSTEM

1:00

Luncheon

2:15

Pension Consultant Outlook

Panelists:
Senior Consultant, WURTS & ASSOCIATES
Managing Director, ROGERSCASEY
President, PPCA INC.

3:15

State Treasurer Roundtable

Panelists:
State Treasurer, THE STATE OF IDAHO
State Treasurer, ARIZONA STATE TREASURER'S OFFICE
State Treasurer, THE STATE OF IOWA
State Treasurer, STATE OF WEST VIRGINIA

4:15

Afternoon Refreshment Break

4:30

Fund of Funds
• The current fund of funds landscape and what is in store for the future
• What to look for when choosing the FOF that is right for your Pension Fund
• What are realistic return expectations for fund of funds given the current market environment?
• Can fund of funds managers identify and access managers capable of out-performing across market cycles?
• Where is Fund of Funds making money in today’s environment?

Moderator:
Executive Director, HOLYOKE CONTRIBUTORY RETIREMENT

Panelists:
Associate Director, PACIFIC ALTERNATIVE ASSET MANAGEMENT COMPANY
Partner, MERIDIAN CAPITAL PARTNERS
CIO, EIM MANAGEMENT (USA)

5:30

Executive Director Roundtable
• Roundtable Discussion: Public Funds, today’s challenges, and tomorrow’s opportunities
• How are public funds preparing for the next economic cycle
• Understanding and adapting to the evolving landscape of pension funding
• Best Practices to Control Expenses and Streamline Board Business
• What role should investment banks or fund managers have in dispensing strategic asset allocation advice to public funds
• How is the global economy and current global events affecting the public funds space

Panelists:
Executive Director, CHICAGO (IL) PARK EMPOLYEES A&B FUND
Executive Director, MINNESOTA STATE BOARD OF INVESTMENT
Executive Director, MARYLAND STATE RETIREMENT AND PENSION SYSTEMSs
Executive Director-Administrator, JACKSONVILLE PILICE & FIRE PENSION FUND

6:30

Cocktail Reception

Friday, January 9, 2009

7:15a

Continental Breakfast

7:45

Welcoming Remarks

8:00

TRUSTEE EDUCATION: FIDUCIARY RESPONSIBILITY

Moderator:
President, Nevada Peace Officers Association

Panelists:
President, Board of Trustees, City of Aurora Police Money Purchase Pension Plan
Trustee, Minnesota State Retirement System
Principal & Consulting Actuary, Buck Consultants
Plan Manager & CEO, CAAT Pension Plan

9:00

Keynote Speaker:
Executive Chairman, CityView

9:45

Legal Panel
Laying the Groundwork for Shareholder Activism: Having a Voice in the Crafting of Vast Regulatory Changes that are Expected to Take Place in the 111th Congress

Moderator:
President, NEVADA PEACE OFFICERS ASSOCIATION

Panelists:
President, Board of Trustees, CITY OF AURORA POLICE MONEY PURCHASE PENSION PLAN
Trustee, MINNESOTA STATE RETIREMENT SYSTEM
Principal & Consulting Actuary, BUCK CONSULTANTS
Plan Manager & CEO, CAAT PENSION PLAN

10:45

Challenges facing Public Pension Plans: past, present and future

Moderator:
Director of Investments / Pension Policy - NYCERS Trustee, NYC PUBLIC ADVOCATE

Panelists:
Executive Director, OHIO HIGHWAY PATROL RETIREMENT SYSTEM
Director of Research, WURTS & ASSOCIATES
Vice Chairman & Trustee, SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND
Equity Investment Officer, OREGON STATE TREASURY
Director Public Retirement Plans & Principal Consultant, HAMMOND ASSOCIATES

11:45

Conference Concludes