Program
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Wednesday, June 10, 2009 - The NASP Institute
The NASP Institute was developed to provide plan sponsors a robust learning environment and a forum to discuss current topics. The themes taught during the Institute will provide a solid foundation for continued learning throughout the Institutional Programming track during the remainder of the NASP Annual Conference. Track 101 of the Institute is designed to provide the fundamentals necessary to navigate the enormous responsibility of a plan sponsor. Track 201 will provide experienced plan sponsors a unique perspective on advanced themes that will be beneficial in the current market environment. The NASP Institute was designed to be engaging and informative regardless of the size of your fund or your level of experience as a plan sponsor.
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| 8:00 am - 10:00 am |
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PLAN SPONSOR CONTINENTAL BREAKFAST & REGISTRATION |
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| 10:15 am - 10:55 am |
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PLAN SPONSOR OPENING SESSION
(Grand Ballroom A)
Welcome:
Michael Kennedy, Trustee, Employees’ Retirement System of Georgia; Senior Client Partner, Korn Ferry International: 2009 Conference Co-Chair
Featured Remarks:
Securities Fraud and the Role of Government The Honorable Thurbert E. Baker, Georgia Attorney General
NASP Institute Mission, Purpose and Expectations :
Edward M. Swan, Jr., Trustee, Tufts University; Dean, 2009 NASP Institute |
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| 11:00 am - 12:30 pm |
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PLAN SPONSOR CONCURRENT SESSION 1
TRACK 101 - Fiduciary Fundamentals
(Buckhead 1)
The first 45 minutes of this session will be spent discussing the role and responsibility of key participants - board members, staff, actuary, attorney, consultant, custodian and investment manager. Your fiduciary responsibility will be defined, explained and demystified.
Instructor:
Jeanna M. Cullins, Principal, Ennis Knupp + Associates, Inc.
During the second part of this session about fiduciary fundamentals, you will learn basic terminology and be given a solid foundation for continued learning. Key topics will include stocks, bonds, risk and benchmarks.
Instructor:
Laurence O. Gray, President & Chief Executive Officer, Gray & Company
TRACK 201 - The Keys to Evaluating Performance, Best Practices & Benchmarking (Buckhead 2)
Part one of this session will go beyond merely defining performance; it will teach experienced pension trustees and plan sponsors techniques for evaluating the performance of key participants - board members, staff, actuary, attorney, consultant, custodian and investment manager. This session also will explore best practices.
Instructor:
James R. ”Jim” Meynard, CFA, Executive Director/Secretary-Treasurer, Georgia Firefighters Pension Fund
After a short break, the focus of part two of this session will be about the importance of benchmarking for investment managers. You will be given key benchmarking tools and will be taught how to use them.
Instructor:
Tina Byles Williams, Chief Executive Officer & Chief Investment Officer, FIS Group, Inc. |
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| 12:45 pm - 2:15 pm |
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PLAN SPONSOR WORKING LUNCH
(Grand Ballroom A)
During this working luncheon for all attendees of the NASP Institute, Ed Swan, Jr. will lead two lively panel discussions about market volatility and the outlook for specific asset classes. This engaging lunch session will provide practical perspectives and useful solutions.
Panel 1: Market Volatility - What's to Come?
Two panelists will take opposing positions to discuss what you should do as a plan sponsor if you think there will be more significant negative market volatility in the near future, or if you think the worst of the negative market volatility is behind us.
Panelists:
Diane Garnick, CPA, Senior Investment Strategist, Invesco
Matthew Wright, CFA, Vice Chancellor of Investments, Vanderbilt University
Panel 2: The Outlook for Traditional Asset Classes
After lunch is served, a second panel discussion will examine the market outlook for some common traditional asset classes, including domestic equity and fixed income, and non-U.S. equity and fixed income.
Panelists:
Brett Gallagher, Deputy CIO/Senior Portfolio Manager, Artio Global Investors
Valerie Mosley, CFA, Senior Vice President & Fixed Income Portfolio Manager, Wellington Management, LLP
Monica Walker, CFA, President & Chief Executive Officer, Holland Capital Management
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| 2:30 pm - 5:00 pm |
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PLAN SPONSOR CONCURRENT SESSION 2
TRACK 102 - (Buckhead 1)
Part 1: Reading & Understanding Provider Reports
The actuarial report is a vital, but often misunderstood tool in pension planning. Spend 50 minutes thoroughly reviewing this important provider report, followed by a question-and-answer session. After a quick break, you will learn how to read and understand your consultant’s quarterly performance report.
Instructors:
Kristin Finney-Cooke, Principal, Mercer Investment Consulting
Brian B. Murphy, FSA, EA, President, Gabriel, Roeder, Smith & Company
Part 2: Breaking Down Alternative Asset Classes
Learn the basics of alternative asset classes and how they work. This session will explore private equity, infrastructure, real estate, timber, hedge funds and distressed debt.
Instructor:
Robert A. Longfield, Jr., CFA, Partner, Consulting Services Group, LLC
TRACK 202 - (Buckhead 2)
Part 1: Looking Ahead - Alternative Asset Classes
One year from now, what is the outlook for alternative asset classes? Part one of this session will explore the outlook and rationales for investing in infrastructure, non-U.S. real estate, private equity, hedge funds and absolute return strategies in the next 12 to 18 months.
Instructor:
Jaeson Dubrovay, Senior Strategist- Hedge Funds, New England Pension Consultants (NEPC)
Part 2: Avoiding Investment Scams and Exploring Your Options if Things Go Wrong
Following a brief break, part two of this session will teach valuable evaluation tools that may be used to minimize the likelihood of your plan falling prey to an investment scam. Should the unthinkable happen, there are many questions to ask and decisions to be made. A legal expert will use clear and concise terminology to guide you through the often complicated decision-making process.
Instructor:
Marvin Barge, Chief Executive Officer, Barge Consulting, LLC
Mark Rifkin, Partner, Wolf Haldenstein Adler Freeman and Herz, LLP |
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| 3:00 pm - 6:00 pm |
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GENERAL REGISTRATION |
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| 6:00 pm - 8:00 pm |
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NASP INSTITUTE CLOSING RECEPTION at the Federal Reserve Bank of Atlanta (Limited to plan sponsors and one representative from each conference sponsor) |
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| 8:00 pm - 10:00 pm |
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DINNER ON YOUR OWN |
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| 10:00 pm - Midnight |
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LATE-NIGHT DESSERT RECEPTION (open to all conference attendees)
(Grand Ballroom Pre-function) |
Thursday, June 11, 2009
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| 7:00 am - 8:30 am |
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REGISTRATION, CONTINENTAL BREAKFAST & EXHIBITS
(Grand Ballroom Prefunction) |
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| 7:00 am - 8:00 am |
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CHAPTER PRESIDENTS’ MEETING
(East-West Paces) |
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| 8:00 am - 10:30 am |
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OPENING PLENARY SESSION
(Grand Ballroom AB)
Presiding:
Linda Jordan, Managing Director, Mesirow Financial; 2009 Conference Co-Chair
Welcome Remarks:
Mark W. Willis, Managing Director, Smith Barney, Chairman, National Association of Securities Professionals
The Honorable Shirley Franklin, Mayor, City of Atlanta
CIO Roundtable
Join chief investment officers as they discuss current challenges impacting their funds. The stage for this active dialogue will be set with some initial perspectives about the global markets. Be prepared to pose your burning questions to this experienced, knowledgeable panel of industry practitioners.
Moderator:
John M. McCareins, CIMA,Vice President, Northern Trust Global Advisors, Inc.
Featured Panelists:
Robert L. Borden, Chief Investment Officer, South Carolina Retirement System Investment Commission
Patricia J. Gerrick, Chief Investment Officer, State of North Carolina
Mansco Perry, III, Chief Investment Officer, Maryland State Retirement and Pension System
Discussion of the Employee Free Choice Act (EFCA)
The Employee Free Choice Act (EFCA) may become law in 2009. This group of amendments to the National Labor Relations Act would be the most significant change in the laws governing unionization in the past sixty years. This session will examine the current law and the issues that EFCA seeks to change -- organizing new unions, achieving first contracts, and employer penalties for law violations. Experts will discuss the fundaments of EFCA and provide the most current information available regarding this hot topic.
Moderator:
Hank H. Kim, Esq., Executive Director and Counsel, National Conference on Public Employee Retriement Systems (NCPERS)
Featured Panelists:
Leonard Bumbaca, President, Fairfax Education Association
Daniel Pedrotty, Director, Officer of Investment, AFL-CIO
Shelley Smith, Vice Chair, Los Angeles City Employees' Retirement Systems (LACERS) |
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| 10:45 am - 11:45 am |
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CONCURRENT WORKSHOPS - Session 1
1A. Uncle Sam to the Rescue? Government Intervention, Oversight and Support of Financial Markets
(Grand Ballroom C)
A plethora of massive, unparalleled, and global initiatives (both fiscal and monetary) are being pursued to calm the markets and improve economies. Efforts aimed at stemming the erosion in market confidence and asset values have been extensive, aggressive and swift. During this panel, experts will explore what has happened, why it happened, and debate the merits (and demerits) of recent government actions to repair the economy,
banking system and capital markets.
Moderator:
Kenneth Grimes, Director, EARNEST Partners, LLC
Panelists:
Denver Edwards, Securities Attorney, Edwards Consulting Group, LLC
Vicki Fuller, Director-Public Funds, Alliance Bernstein
Kenneth R. Holley, Chief Investments Officer and Principal, Atlanta Life Investments Advisors
Gerald C. Timmis, III, Senior Managing Director, ValStone Partners, LLC
1B. A Conversation with Corporate America (Grand Ballroom D)
Corporate finance deals with the financial decisions corporations make and the tools and analysis used to make such decisions. The primary goal of corporate finance is to maximize corporate value while managing the firm's financial risks. The typical role of an investment banker is to evaluate a company's financial needs and raise the
appropriate type of capital that best fits those needs. This session will present four 10-minute conversations between corporate treasury professionals and representatives of minority-owned investment banking firms. The investment bankers will query the treasury experts about how best to add value to their new and existing
corporate relationships in this turbulent economic environment.
Panelists:
Gary Barth, Assistant Treasurer,United Parcel Service
David Brooks, Managing Director, Capital Markets, The Southern Company
Keith Carpenter, Principal, The Williams Capital Group, LP
Sidney Dillard, Managing Director/Investment Banking, Loop Capital Markets
Rebecca Flick, Vice President & Treasurer, Home Depot, Inc.
Gennell A. Jefferson, Senior Vice President & Director of Corporate Capital Markets, M.R. Beal & Co.
David Jones, President & Chief Executive Officer, CastleOak Securities, LP
Joyce King-Lavinder, Vice President & Treasurer, Coca-Cola Enterprises, Inc.
1C. Opportunities for Minorities in Public Finance
(Grand Ballroom E)
With the revision of favorable and supportive public policies and the proliferation of regressive legislation and ballot initiatives, this panel will consider the current status and future prospects of minority professionals in all aspects of the public finance arena. Special attention will be paid to the New York State MWBE Task Force - the ground breaking initiative by Governor David Paterson intended to boost the participation of minority professionals in the issuance and sale of New York State bonds.
Moderator:
Susan Pease Langford, Partner, Peck Shaffer
Panelists:
Lewis C. Horne, Jr., Partner, Troutman Sanders LLP
Jim Reynolds, Jr., Chairman, Loop Capital Markets
Paul T. Williams, Jr. Esq., Executive Director, Dormitory Authority-State of New York |
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| 12 noon - 2:00 pm |
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JOYCE JOHNSON AWARDS LUNCHEON
(Grand Ballroom AB)
Emcee:
Marquette Chester, Managing Director, Public Funds, Invesco; 2009 Conference Supervisor
Invocation:
Bishop Theodore L. Brooks, Sr., Pastor, Beulah Heights First Pentecostal Church; Trustee, New Haven Police & Fire
Joyce Johnson Award Presenter:
Patricia J. Gerrick , Chief Investment Officer, State of North Carolina; 1997 Joyce Johnson Award Recipient
Joyce Johnson Award Recipient:
Vicki R. Palmer, Executive Vice President, Financial Services and Administration (Ret.), Coco-Cola Enterprises
Speaker Introduction:
Martin L. Flanagan, President & Chief Executive Officer, Invesco
Keynote Speech:
Dennis P. Lockhart, President & Chief Executive Officer, Federal Reserve Bank of Atlanta
State Treasurers' Forum:
The Honorable Janet Cowell, Treasurer, State of North Carolina
The Honorable James B. Lewis, Treasurer, State of New Mexico |
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| 2:15 pm - 3:15pm |
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CONCURRENT WORKSHOPS - Session 2
2A. Good Credit? Bad Credit? No Credit? Big Problems! The Credit Crunch of `08
(Grand Ballroom C)
On a Tuesday in early December 2008, investors worldwide were so pessimistic that they were willing to buy three-month U.S. T-Bills offering a zero percent yield! Disruptions, dislocations and a lack of confidence in the credit markets have severely impacted borrowing and liquidity. With lending curtailed, investors have realized the crucial role that efficient, open and well-functioning credit markets play in the overall economy. The Credit Crunch of `08 panel will explore issues and details surrounding the credit squeeze, the flight to quality and the subsequent deleveraging that is taking place.
Moderator:
Tere Alvarez Canida, CFA, President, Taplin Canida & Habacht
Panelists:
Charles Curry, Senior Vice President, Director of Fixed Income Research, Piedmont Investment Advisors, LLC
Mark C. Dawkins, CPA, CMA, Associate Professor of Accounting, J.M. Tull School of Accounting, University of Georgia (UGA)
Verett A. Mims, Assistant Treasurer, The Boeing Company
Melody S. Rollins, Senior Vice President, Pacific Investment Management Company
2B. Navigating the Current Municipal Market (Grand Ballroom D)
Large and small issues of public debt are adversely affected by the financial crisis as capital projects and other sizable financial commitments, such as unfunded pension liabilities, continue to accrue. This panel of experts will focus on successful strategies and practices to structure debt amidst the unprecedented difficulties and obstacles in the current municipal market place.
Moderator:
Michael Jones, Principal, Phoenix Capital Partners, LLP
Panelists:
Wayne A. Cauthen, City Manager, Kansas City, Missouri
Burrell Ellis, Chief Executive Officer, DeKalb County,Georgia
Todd H. Stroger, President, Board of Communications, Cook County, Illinois
2C. The Future of Commerical Real Estate (Grand Ballroom E)
With risk/return expectations unclear and valuations falling dramatically, what is the role of real estate investing in an institutional investor's portfolio? Can real estate provide private equity returns for investors, or has it returned to its role as an alternative to fixed income? A panel of experts will answer these pressing questions and more in this timely session.
Moderator:
Elizabeth C. Wohlleb, Vice Principal, Marketing & Client Services, Capri Capital Partners, LLC
Panelists:
Cheryl Alston, Executive Director, Dallas Employees' Retirement Fund
Daryl J. Carter, Founder Chairman and Chief Executive Officer, Avanath Capital Partners, LLC
Yvonne Nelson, Executive Director for Real Estate and Economically Targeted Investments, New York City Retirement Systems
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| 3:30 pm - 4:30 pm |
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CONCURRENT WORKSHOPS - Session 3
3A. Private Equity and Hedge Funds: Finding Hidden Value in Alternatives
(Grand Ballroom C)
As public market asset classes attempt to inch their way back to pre-correction values, plan sponsors are looking to private equity and hedge funds to play a greater role in helping to meet future obligations. But are these segments of the alternative space a “boom” or a “bust?” How does one identify, sift through and value these
investments? This panel will examine alternative investment risk, due diligence, transparency and the necessity of reliable valuations.
Moderator:
James Mitchell, Jr., Senior Managing Director, GE Asset Management
Panelists:
Erik D. Barefield, Senior Vice President, Advanced Strategies, Mesirow Financial
Wendell McCain, Founding Partner, Parish Capital Advisors, LLP
Jake Walthour, Advisory Services, Aksia LLC
Charles Willis, Jr., Vice President, JPMorgan Private Equity Group
3B. Specific Challenges & Opportunities for Municipal Issuers
(Grand Ballroom D)
This panel will focus upon the importance of credit quality as municipal issuers finance their capital needs and examine the various credit strategies issuers have used to bolster credit quality. Panelists also will explore the impact of recent Federal legislation on the municipal market.
Moderator:
Douglass P. Selby, Partner - Public Finance Group, Hunton & Williams. LLP
Panelists:
Carole Brown, Senior Managing Director, Co-Head Tax-exempt Capital Markets, Mesirow Financial; Chair, Chicago Transit Authority
Edwin Harrison, Chief Investment Officer, Harris County, Texas
Lasana K. Mack, D.C. Treasurer and Deputy Chief Financial Officer, Office of Finance and Treasury, Office of the Chief Financial Officer, Government of the District of Columbia
Alphonso E. Tindall, Jr., Senior Partner, Edwards Angell Palmer & Dodge LLP
3C. Demystifying Institutional Brokerage in Today's Volatile Marketplace
(Grand Ballroom E)
There is a major paradigm shift taking place in institutional brokerage. The guards definitely are changing, some new kids are emerging on the block, and technology is reshaping the entire game. Come meet some of the new players and hear about the latest “value-added” component. You will be able to participate in an interactive
discussion about "best execution," "enhanced liquidity" and the whole new face of research and its delivery.
Moderator:
Roselyn H. Spencer, Executive Director, Baltimore Employees' and Elected Offical's Retirement Systems
Panelists:
Derek Morris , Managing Director , BNY ConvergEx Execution Solutions LLC
Theron Picketts, Vice President/Institutional Equity Sales, Cabrera Capital Markets, LLC.
Kenneth Polcari, Managing Director, ICAP Equities, NA
Kaivalya "K" Young, Head Trader, EARNEST Partners
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| 5:30 pm - 7:00 pm |
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COCKTAIL RECEPTION
(Grand Ballroom Pre-function) |
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| 7:30 pm - 10:30 pm |
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TRAVERS BELL AWARDS DINNER GALA
(Grand Ballroom AB)
Emcee:
Monica Pearson, Anchor, WSB-TV
Invocation:
Rev. Wendell Anthony, Pastor, Fellowship Chapel; Trustee, Detroit General Retirement System; 2006 Travers Bell Award recipient
Sponsor Acknowledgement:
Gwendolyn L. Butler, President and Chief Operating Officer, Capri Capital Partners; NASP Chair-Elect
State of NASP Address:
Orim Graves, Executive Director, National Association of Securities Professionals (NASP)
NASP Legislative Initiative Update:
Donna Sims Wilson, President, M.R. Beal & Compny; Chair, NASP Legislative Committee
Travers Bell Award Presenter:
James F. Haddon, Managing Director, Citi; 2008 Travers Bell Award Recipient
Travers Bell Award Recipent:
The Honorable William C. Thompson, Jr., Comptroller, City of New York
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| 10:30 pm - 12:30 pm |
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LATE-NIGHT LOUNGE hosted by NASP-Atlanta (East-West Paces & Terrace) |
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Friday, June 12, 2009
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| 7:00 am - 8:30 am |
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REGISTRATION & EXHIBITS
(Grand Ballroom Pre-function) |
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| 8:15 am - 9:15 am |
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CORPORATE DIVERSITY POWER BREAKFAST (Grand Ballroom AB)
Diversity can build a stronger, more competitive company. Hear from key diversity officers who are implementing new ways to leverage unique talents and perspectives to the best advantage of their businesses. These leaders will share proven best practices in talent management and diversity initiatives, while giving details on where current employment opportunities exist.
Moderator:
Orim Graves, Executive Director, National Association of Securites Professionals
Panelists:
Sharon Barnes, Chief Diversity Officer, Vanguard
Marilyn F. Booker, Global Head of Diversity & Work-Life, Morgan Stanley
Mark D. Settles, Managing Director, Diversity Recruiting Executive, JPMorgan Chase & Co.
Geri P. Thomas, Senior Vice President Global Diversity and Inclusion Executive, Bank of America Corporation
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| 9:30 am -10:45 am |
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MORNING PLENARY SESSION
(Grand Ballroom AB)
Presiding
Gerald B. Smith, Chairman and Chief Executive Officer, Smith, Graham & Company Investment Advisors, L.P.
Speaker Introduction:
Mark W. Willis, Managing Director, Smith Barney, Chairman, National Association of Securities Professionals
U.S. Treasury's Selection and Use of Financial Agents
Featured Speaker
Gary Grippo, Deputy Assistant Secretary for Fiscal Operations and Policy, U.S. Department of the Treasury
Emerging Manager Roundtable
Hear what some of the nation’s leading plan sponsors are thinking regarding their use of emerging managers and prospects going forward in this period of uncertainty. Also hear the perspective of several emerging manager fund of funds firms as they reveal their plans for adding value in tough markets and their future manager needs. Finally, find out how some managers are coping with the difficult environment.
Moderator:
Rene Nunez, Trustee, Texas Permanent School Fund
Featured Panelists:
William Atwood, Executive Director, Illinois State Board of Investment
Kristine Brandt, Director, Invesco Private Capital
Mona S. Williams, Executive Vice President, Progress Investment Management Company |
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| 11:00 am - 12:00 pm |
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CONCURRENT WORKSHOPS - Session 4
4A. A Fresh Look at Asset Allocation and the Implications of a Changed Financial Landscape
(Grand Ballroom C)
Plan sponsors have lost nearly 40% of their market values. Consequently, asset allocations no longer reflect the policy targets that were crafted to guide plans toward their actuarial assumptions. How do we efficiently and economically address this misalignment? Is it prudent to rebalance in a “directionless” market? Does the need to rebalance justify the potential material cost and is there a “best” asset allocation for the next 12 months?
Does behavior—fear, ego and greed—factor into the equation? We will examine this new paradigm, looking specifically at how we prevent asset class correlations from moving closer to one.
Moderator
Miguel Thames, Managing Director, Institutional Sales and Client Relations, Prudential Fixed Income Management
Panelists:
Stewart Dier, Managing Director - Public Markets, Office of the New York City Comptroller, Bureau of Asset Management
Doris V. Ewing, CAIA, Partner, New England Pension Consultants
Larry E. Jennings, Jr., Senior Managing Director, ValStone Partners
Anthony E. Wilkins, CFA, Head of Consultant Relations, Northern Trust Global Investments
4B. The New Frontier: Green Sustainable Investing, Carbon Credits and Infrastructure (Grand Ballroom D)
The magnitude of the need for green sustainable investing, carbon emissions reduction, and the development and redevelopment of infrastructure has been constrained by the ability of governments to fund the expansion of going green and infrastructure development. As a result, there is an opportunity for private investors to play a
substantial role in both financing and developing these three strategic investment imperatives. We cannot ignore the social, economic and investment implications this will have on the markets. These three areas could have the greatest impact on creating jobs and legitimizing the recovery.
Moderator:
Ronald Gracia, Trustee and Chairman, Detroit General Retirement System
Panelists:
Benjamin Blakney, Managing Director, Courtland Partners
Douglas P. Lawrence, Managing Director, JP Morgan Real Estate
J. Womack, Assistant Vice President, Research and Investment Strategy, FIS Group, Inc
4C. Holistic Wealth Planning and Management - The Model, The Discipline and The Benefits (Grand Ballroom E)
Wealth Planning and Management encompasses a multi-disciplined approach to advisory services for both individuals and institutional clients. From business structure and risk management, to tax planning and exit strategies, the Holistic Planning and Management Model identifies and most effectively addresses the threats, risks and opportunities for affluent individuals and institutional clients. Our diverse panelists will provide insights into these areas and discuss why this synergy is vital to success.
Moderator:
Richard Turnley, Wealth Advisor, Raymond James
Panelists:
Bernard Anderson, AIF, President, Anderson Financial Solutions
Dr. Ed Davis, Dean - School of Business, Clark Atlanta University
David Walker, Esq., Business Attorney |
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| 12:30 pm - 2:30 pm |
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MAYNARD JACKSON & PACESETTER AWARDS LUNCHEON
(Grand Ballroom AB)
Emcee:
Gwendolyn L. Butler, President and Chief Operating Officer, Capri Capital Partners, NASP Chair Elect
Invocation:
Norice R. Rice, Principal, The Yucaipa Companies
Pacesetter Award Presenter:
Christopher McDonough, Chief Investment Officer, City of Philadelphia Board of Pensions and Retirement
Pacesetter Award Recipients:
State of New York
Accepting: Paul T. Williams, Jr., Executive Director, Dormitory Authority of the State of New York
Maryland State Retirement and Pension System
Accepting: Senator Catherine E. Pugh, Maryland State Senate
Remarks:
Reuben R. McDaniel, III, President and Chief Executive Officer, Jackson Securities
Speaker Introduction:
Valerie R. Jackson, Partner and Chairman of the Board, Jackmont Hospitality, Inc.
Featured Speaker:
Ambassador Andrew Young, Co-Chairman, GoodWorks International LLC
Maynard Jackson Tribute:
A unique bend of spoken word and song featuring Alexandra Jackson and students from the Maynard Jackson Youth Foundation
Maynard Jackson Award Presenter:
Tina Byles Williams, Chief Executive & Chief Investment Officer, FIS Group, Inc.; 2008 Maynard Jackson Award Recipient
Maynard Jackson Award Recipient:
Laurence O. Gray, President & Chief Executive Officer, Gray & Company |
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| 2:45 pm - 3:45 pm |
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WEALTH MANAGEMENT WORKSHOP 2
Using Intelligent Data to Grow Your Businesses
(Grand Ballroom E)
In the new global market place, intelligent data is the pathway to success. International borders are shrinking and business owners must operate in a dynamic economic and business environment. The ability to use the Internet for commercial transactions has forced upon businesses a new urgency and necessity to stay informed of the latest changes in their target market and competitive market sector just to survive. But to grow, requires an even more sophisticated use of data for business performance analysis. This presentation will focus on the competitive advantage that data can provide to businesses, especially small businesses, that are positioning
themselves for high growth performance.
Moderator:
Alberto Pagán, Chief Investment Officer, Consultiva Internacional, Inc.
Panelists:
Leona Barr-Davenport, President, Atlanta Business League
Thomas D. Boston, Ph.D., Professor of Economics, Georgia Tech; Chief Executive Officer, EuQuant
Gus Cawley, CPA, President, The Staff Financial Group |
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| 4:00 pm - 5:00 pm |
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WEALTH MANAGEMENT WORKSHOP 3
Managing Real Estate Wealth with 1031 Exchanges
(Grand Ballroom E)
In the past decade, investment real estate has become a staple asset in the portfolios of many investors. From vacation rental homes to commercial retail property, wealth managers/financial planners continue to work with clients that have growing real estate investment holdings. This session will focus on the key principals that wealth managers/financial planners need to recognize in order to better understand how their clients can build wealth through real estate, and why tax-deferred exchanges under Section 1031 of the Tax Code are so vital to this process.
Moderator:
Dennis E. Pemberton, Jr., Chief Executive Director, Global Asset Alternatives, LLC
Panelists:
Joel Miller, President, Wall Street Capital Funding
Ricky B. Novak, President, Strategic 1031 Exchange Advisors (SEA) |
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| 5:00 pm |
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CONFERENCE ADJORN |
Thursday, June 11, 2009
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| 10:45 am - 11:45 am |
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CONCURRENT WORKSHOPS - Session 1
1A. Uncle Sam to the Rescue? Government Intervention, Oversight and Support of Financial Markets
(Grand Ballroom C)
A plethora of massive, unparalleled, and global initiatives (both fiscal and monetary) are being pursued to calm the markets and improve economies. Efforts aimed at stemming the erosion in market confidence and asset values have been extensive, aggressive and swift. During this panel, experts will explore what has happened, why it happened, and debate the merits (and demerits) of recent government actions to repair the economy,
banking system and capital markets.
1B. A Conversation with Corporate America (Grand Ballroom D)
Corporate finance deals with the financial decisions corporations make and the tools and analysis used to make such decisions. The primary goal of corporate finance is to maximize corporate value while managing the firm's financial risks. The typical role of an investment banker is to evaluate a company's financial needs and raise the
appropriate type of capital that best fits those needs. This session will present four 10-minute conversations between corporate treasury professionals and representatives of minority-owned investment banking firms. The investment bankers will query the treasury experts about how best to add value to their new and existing
corporate relationships in this turbulent economic environment.
1C. Opportunities for Minorities in Public Finance
(Grand Ballroom E)
With the revision of favorable and supportive public policies and the proliferation of regressive legislation and ballot initiatives, this panel will consider the current status and future prospects of minority professionals in all aspects of the public finance arena. Special attention will be paid to the New York State MWBE Task Force - the ground breaking initiative by Governor David Paterson intended to boost the participation of minority professionals in the issuance and sale of New York State bonds. |
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| 1:45 pm - 2:45 pm |
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CONCURRENT WORKSHOPS - Session 2
2A. Good Credit? Bad Credit? No Credit? Big Problems! The Credit Crunch of `08
(Grand Ballroom C)
On a Tuesday in early December 2008, investors worldwide were so pessimistic that they were willing to buy three-month U.S. T-Bills offering a zero percent yield! Disruptions, dislocations and a lack of confidence in the credit markets have severely impacted borrowing and liquidity. With lending curtailed, investors have realized the crucial role that efficient, open and well-functioning credit markets play in the overall economy. The Credit Crunch of `08 panel will explore issues and details surrounding the credit squeeze, the flight to quality and the subsequent deleveraging that is taking place.
2B. Navigating the Current Municipal Market (Grand Ballroom D)
Large and small issues of public debt are adversely affected by the financial crisis as capital projects and other sizable financial commitments, such as unfunded pension liabilities, continue to accrue. This panel of experts will focus on successful strategies and practices to structure debt amidst the unprecedented difficulties and obstacles in the current municipal market place.
2C. The Future of Commerical Real Estate (Grand Ballroom E)
With risk/return expectations unclear and valuations falling dramatically, what is the role of real estate investing in an institutional investor's portfolio? Can real estate provide private equity returns for investors, or has it returned to its role as an alternative to fixed income? A panel of experts will answer these pressing questions and more in this timely session. |
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| 3:00 pm - 4:00 pm |
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CONCURRENT WORKSHOPS - Session 3
3A. Private Equity and Hedge Funds: Finding Hidden Value in Alternatives
(Grand Ballroom C)
As public market asset classes attempt to inch their way back to pre-correction values, plan sponsors are looking to private equity and hedge funds to play a greater role in helping to meet future obligations. But are these segments of the alternative space a “boom” or a “bust?” How does one identify, sift through and value these
investments? This panel will examine alternative investment risk, due diligence, transparency and the necessity of reliable valuations.
3B. Specific Challenges & Opportunities for Municipal Issuers
(Grand Ballroom D)
This panel will focus upon the importance of credit quality as municipal issuers finance their capital needs and examine the various credit strategies issuers have used to bolster credit quality. Panelists also will explore the impact of recent Federal legislation on the municipal market.
3C. Demystifying Institutional Brokerage in Today's Volatile Marketplace
(Grand Ballroom E)
There is a major paradigm shift taking place in institutional brokerage. The guards definitely are changing, some new kids are emerging on the block, and technology is reshaping the entire game. Come meet some of the new players and hear about the latest “value-added” component. You will be able to participate in an interactive
discussion about "best execution," "enhanced liquidity" and the whole new face of research and its delivery. |
Friday, June 12, 2009
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| 11:00 am - 12:00 pm |
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CONCURRENT WORKSHOPS - Session 4
4A. A Fresh Look at Asset Allocation and the Implications of a Changed Financial Landscape
(Grand Ballroom C)
Plan sponsors have lost nearly 40% of their market values. Consequently, asset allocations no longer reflect the policy targets that were crafted to guide plans toward their actuarial assumptions. How do we efficiently and economically address this misalignment? Is it prudent to rebalance in a “directionless” market? Does the need to rebalance justify the potential material cost and is there a “best” asset allocation for the next 12 months?
Does behavior—fear, ego and greed—factor into the equation? We will examine this new paradigm, looking specifically at how we prevent asset class correlations from moving closer to one.
4B. The New Frontier: Green Sustainable Investing, Carbon Credits and Infrastructure (Grand Ballroom D)
The magnitude of the need for green sustainable investing, carbon emissions reduction, and the development and redevelopment of infrastructure has been constrained by the ability of governments to fund the expansion of going green and infrastructure development. As a result, there is an opportunity for private investors to play a
substantial role in both financing and developing these three strategic investment imperatives. We cannot ignore the social, economic and investment implications this will have on the markets. These three areas could have the greatest impact on creating jobs and legitimizing the recovery.
4C. Holistic Wealth Planning and Management - The Model, The Discipline and The Benefits (Grand Ballroom E)
Wealth Planning and Management encompasses a multi-disciplined approach to advisory services for both individuals and institutional clients. From business structure and risk management, to tax planning and exit strategies, the Holistic Planning and Management Model identifies and most effectively addresses the threats, risks and opportunities for affluent individuals and institutional clients. Our diverse panelists will provide insights into these areas and discuss why this synergy is vital to success. |
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| 2:45 pm - 3:45 pm |
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WEALTH MANAGEMENT WORKSHOP 2
Using Intelligent Data to Grow Your Businesses
(Grand Ballroom E)
In the new global market place, intelligent data is the pathway to success. International borders are shrinking and business owners must operate in a dynamic economic and business environment. The ability to use the Internet for commercial transactions has forced upon businesses a new urgency and necessity to stay informed of the latest changes in their target market and competitive market sector just to survive. But to grow, requires an even more sophisticated use of data for business performance analysis. This presentation will focus on the competitive advantage that data can provide to businesses, especially small businesses, that are positioning
themselves for high growth performance. |
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| 4:00 pm - 5:00 pm |
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WEALTH MANAGEMENT WORKSHOP 3
Managing Real Estate Wealth with 1031 Exchanges
(Grand Ballroom E)
In the past decade, investment real estate has become a staple asset in the portfolios of many investors. From vacation rental homes to commercial retail property, wealth managers/financial planners continue to work with clients that have growing real estate investment holdings. This session will focus on the key principals that wealth managers/financial planners need to recognize in order to better understand how their clients can build wealth through real estate, and why tax-deferred exchanges under Section 1031 of the Tax Code are so vital to this process. |
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| 5:00 pm |
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CONFERENCE ADJORN |
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The Conference has now ended.
Please see our NEW post-conference content!
SAVE THE DATE:
June 16 - 18, 2010
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21st Annual Pension & Financial Services Conference |
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