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Investment Education Symposium
In Conjunction with the Louisiana Trustee Education Council (LATEC)
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| February 6-8, 2013 |
| New Orleans, LA |
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Conference Day 1, Wednesday, February 15, 2012 |
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| 8:00 am |
Exhibit Setup |
| 11:00 am |
Registration |
| 12:45 pm |
Co-Chair Introduction
Executive Director, LOUISIANA TRUSTEE EDUCATION COUNCIL
President, LATEC & New Orleans Fire Fighters Pension and Relief Fund |
| 1:00 pm |
Louisiana Retirement Legislative Update
Speaker:
State Representative (R) District 76, Louisiana House of Representatives & Chairman, House of Representatives Retirement Committee |
| 1:20 pm |
The Future of Securities Litigation and the Institutional Investor: A New Model
Partner, Pomerantz Haudek Grossman & Gross LLP |
| 1:40 pm |
Investor Roundtable:
This panel will consist of investment officers from highly respected Public Funds and Endowments. The panelists will discuss the investment strategies and industry sectors that they expect will drive their investments in the years to come, as well as a series of key issues facing plan sponsors in the current investment environment. Topic will include:
- Can smaller funds use the strategies of larger funds and still have the same results?
- 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:
Trustee, Leukemia & Lymphoma Society
Panelists:
Chief Investment Officer, Louisiana State Employees' Retirement System
Executive Director, Minnesota State Board of Investment
Senior Vice President and Chief Financial Officer, South Texas College of Law |
| 2:40 pm |
Investment Styles and Strategies
- Seeding emerging managers
- Alternative styles and strategies, how they have evolved and where are they headed?
- Why and how should pension funds allocate to volatility based strategies?
- What are the best strategies for the future?
Moderator:
Trustee, Delray Beach Police & Fire Retirement
Panelists:
Portfolio Manager, DuPont Capital Management
Vice President, Strategy and Global Equity Indices, S&P Indices
Client Portfolio Manager, Silvant Capital Management
CEO & Fund Manager, Landsmith, LP |
| 3:40 pm |
Afternoon Refreshment Break
Sponsored by:
WHITNEY TRUST & ASSET MANAGEMENT |
| 3:55 pm |
Private versus Government Recoveries in Securities Fraud Cases – A Comparative Discussion
Counsel, BERNSTEIN LITOWITZ BERGER & GROSSMANN, LLP |
| 4:15 pm |
Real Assets
Moderator:
Treasurer, Redford (MI) Police & Firemen Retirement
Panelists:
Chief Investment Officer, Osborne Siegel Private Family Office (SFO)
Principal, State Street Global Advisors
Managing Partner and President, Timbervest, LLC |
| 5:00 pm |
Legal Issues facing Public Pension Plans
- Legal constraints--are state laws in the way of achieving actuarial goals?
Moderator:
General Counsel, NYC Police Pension Fund
Panelists:
General Counsel, NYC Police Pension Fund
General Counsel to the Board of Trustees, Delaware Public Employees' Retirement System
Principal, Klausner & Kaufman |
| 5:45 pm |
Cocktail Reception |
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Conference Day 2, Thursday February 16, 2012 |
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| 8:00 am |
Continental Breakfast
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| 8:45 am |
Opening Remarks
Executive Director, LOUISIANA TRUSTEE EDUCATION COUNCIL
President, LATEC & New Orleans Fire Fighters Pension and Relief Fund |
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| 9:00 am |
Lessons from Rip Van Winkle - Option Strategies to Quell Fear and Enhance Returns
Philip Gocke, Managing Director of the Options Industry Council discusses the practical application of risk reducing strategies in the current market environment. The presentation will highlight studies by the University of Massachusetts, "Loosening Your Collar: Alternative Implementations of QQQ Collars"by Ed Szado and Thomas Schneeweis and "5 years of RUT buy-write" by Ed Szado and Nikunj Kapadia.
The collar study covers an eleven year period where the authors found that a long protective collar strategy using 6-month put purchases and consecutive 1-month call writes earned almost 185% while QQQ experienced a lost decade – losing 3%. These returns came while reducing risk by almost 65%. The UMass study, "15 Years of Russell 2000 Buy-Write" concludes that a passive buy-write strategy of one month to expiration calls on the Russell 2000 ETF consistently outperformed the index, returning 263% while the return on the RUT was 226%. Over the entire period the risk for the buy-write portfolio was almost 4 ½ percentage points lower than for the RUT portfolio.
Speaker:
Managing Director, Options Industry Council |
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| 9:20 am |
I Want My Money Back: Public Funds Have a Stake in Securities Litigation
Speaker:
Partner, MOTLEY RICE LLC |
| 9:40 am |
The Future of the Hedge Fund Industry
Moderator:
SIFIRM, Adjunct Professor of Economics, Executive Director, Board Member, University of California, Santa Clara Sheriff's SAB
Panelists:
CEO, UCM Partners
Consultant, Cardinal Investment Advisors
Managing Director, Blue Harbour Group |
| 10:40 am |
Refreshment Break |
| 11:10 am |
Real Estate Investing
- Is there any hope or are we in a stagnant cycle
- International Vs Domestic
- Should Real Estate be a separate class for investors
- Where will new opportunities lie
- Is residential investing dead for the near future
- Will buying debt and non core pay off big in the turn around
- Is the "Green Thing" just a fad
Moderator:
Trustee, NEW HAMPSHIRE RETIREMENT SYSTEM
Panelists:
Principal, The Townsend Group
Trustee, New Hampshire Fireman's Fund
Senior Vice President, Sentinel Real Estate Corporation |
| 11:45 am |
Investing in Alternatives
- Major film investing: A non-correlated asset class
- What strategies will thrive in 2012?
Moderator:
Esq., CFE, CRISC, Managing Partner, Corgentum Consulting, LLC
Panelists:
Managing Member, Vine Alternative Investments
Managing Director, Equitas Capital Advisors
President, LATEC & New Orleans Fire Fighters Pension and Relief Fund
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| 12:30 pm |
Identifying Your Legal Rights in International Investments After Morrison v. National Australia Bank
The recent U.S. Supreme Court decision in the Morrison v. National Australia Bank case significantly restricted the rights of investors to bring legal claims in U.S. courts related to their investments in non-U.S. securities. Many investors do not have a clear understanding of how their rights have been affected or what redress they can seek in overseas courts. This session will examine the affect that the Morrison decision had on investors and what pension funds should be doing to make sure they are protecting their rights in the U.S. and abroad, and importantly in recovering money from actions that may be taking place overseas.
Speaker:
Partner, Kessler Topaz Meltzer & Check, LLP |
| 12:50 pm |
Luncheon |
| 2:00 pm |
A review of the Private Equity Markets: What strategies will succeed in 2011?
- Emerging Asian economies
- Distressed, Secondary and Mezzanine Debt
- Providing rescue and growth capital
- Private equity opportunities in emerging markets
Moderator:
Vice President, Segal Advisors, Inc.
Panelists:
Director, Private Markets Group, Dupont Capital Management
Chief Investment Officer, Performance Trust Investment Advisors, LLC
Managing Partner, Constitution Capital Partners |
| 2:45 pm |
Opportunities in the Credit Markets
Moderator:
Assistant Vice President, Meketa Investment Group
Panelists:
Managing Director, Advent Capital Management LLC
Portfolio Manager, Fort Washington Investment Advisors, Inc.
Partner and Co-Founder, Stone Tower Capital LLC |
| 6:00 pm |
Annual Mardi Gras Bash
Dinner, dancing & live music
Sponsored by:
Pomerantz Haudek Grossman & Gross LLP |
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Conference Day 3, Friday, February 17, 2012 |
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| 8:30 am |
Continental Breakfast
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| 9:00 am |
Openning Remarks
Executive Director, LOUISIANA TRUSTEE EDUCATION COUNCIL
President, LATEC & New Orleans Fire Fighters Pension and Relief Fund |
| 9:10 am |
Consultants Roundtable
- The role of an actuary in forming an asset allocation policy
- Do consultants have judiciary responsibility?
- At what point do you terminate a manager or an consultant?
- How often should asset allocations be reviewed and revised?
Moderator:
Chairman, Fulton (GA) County Employees Retirement System
Panelists:
Principal & Chief Risk Officer, SageView Advisory Group
Managing Director - Director of Foundation and Non-Profit Consulting, GreyStone Consulting
CEO/Chief Investment Officer, FFC Capital Management
Senior Vice President, Zeno Consulting Group, LLC |
| 10:00 am |
The DB/DC Debate - Still Affecting Pension Plans?
Moderator:
Panelists:
State Treasurer, The State of Iowa
Vice President, Segal Advisors, Inc. |
| 11:00 am |
Challenges Facing Plan Sponsors regarding Ethics and fiduciary responsibility
- Examining the Fiduciary Obligations of Trustees
- Class Action/Securities Litigation
- Re-examining Trustee Ethics
- What constitutes "Conflicts of Interest"?
Moderator:
Chairman, City of Pontiac General Employees Retirement System
Panelist:
Deputy Director, Louisiana State Employees' Retirement System
Executive Director, LOUISIANA TRUSTEE EDUCATION COUNCIL
President, THE HACKETT GROUP
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| 12:00 pm |
Closing Remarks
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Untitled Document
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