Investment Education Symposium 2017
In Conjunction with the Louisiana Trustee Education Council (LATEC)

Astor Crowne Plaza, New Orleans, LA
February 22, 2017 - February 24, 2017

5 days left

This Investment Education Symposium aims to provide broad education and information on investing, fiduciary responsibility, and selection of money managers to the key decision makers and other representatives of the nation's largest pension funds, endowments, foundations and other institutional investors. Participants of this conference will have the chance to exchange ideas and learn from other delegates and presenters who manage some of the largest capital flows within both the traditional and the alternative investment communities. Institutional investors will come from across the country not just to network but also to learn from the nation's leading institutional investors, asset managers, hedge fund managers, consultants and more.

Agenda current as of February 15, 2017

8:00am - 12:00pm

Exhibit Setup

10:00am

Registration Open

12:30pm - 1:00pm

Co-Chair Introduction

Frank Jobert, Jr. Executive Director, Louisiana Trustee Education Council and Trustee, Transit Management of Southeast Louisiana Pension Plan (TMSEL)

Richard Hampton, President, Louisiana Trustee Education Council

1:00pm - 1:20pm

FACTOR BASED INVESTING 101

Andrew Berkin, PhD, Director of Research, Bridgeway Capital Management

1:20pm - 2:20pm

INVESTMENT OFFICER AND EXECUTIVE DIRECTOR ROUNDTABLE: THE INSTITUTIONAL AND PRIVATE WEALTH OUTLOOK FOR 2017 AND BEYOND

This panel will consist of investment officers and executive directors from highly respected institutions and private wealth investors. 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.

Moderator

Frank Jobert, Jr. Executive Director, Louisiana Trustee Education Council and Trustee, Transit Management of Southeast Louisiana Pension Plan (TMSEL)

Panelist

Robert L. Borden, Managing Partner and CIO, Delegate Advisors (MFO)

Panelist

Michael Fitzgerald, State Treasurer, State of Iowa

Panelist

Troy Searles, Chief Investment Officer, Louisiana Parochial Employees' Retirement System

2:20pm - 3:00pm

Keynote Presentation

Keynote Speaker

Chris Martenson, Co-Founder and CEO, Peak Prosperity

3:00pm - 3:15pm

Networking Refreshment Break

Sponsored by:

Bridgeway Capital Management

3:15pm - 4:00pm

NEW ALTERNATIVE INVESTMENT STRATEGIES: THE DEMAND FOR A HIGHER LEVEL OF PORTFOLIO DIVERSIFICATION AND EFFICIENCY

  • How should investors of significant wealth think about diversification today?
  • How much diversification is too much?
  • What are the benefits and pitfalls of diversification?
  • Efficient portfolios are those said to provide the greatest expected return for a given level of risk, or conversely the lowest level of risk for a given expected return.
  • How do these ‘new’ alternative investments figure into the mix? How should investors evaluate them in the context of an efficient portfolio?
  • How should investors think about alternatives in terms of their overall asset allocation?
  • How should investors evaluate/select ‘new’ alternative investments? What should they focus upon?
  • How should investors evaluate the performance of any investments they make in these alternatives?
  • What are the defining characteristics or unique risks associated with these new alternative investments?
  • What are the ‘best practices’ that you feel investors would do well to consider or adopt when sourcing or selecting ‘new’ alternative investments
Moderator

David S. Thomas, Chief Executive Officer, Equitas Capital Advisors, LLC

Panelist

Ernest Johnson, Senior Partner, ApexOne Investment Partners

Panelist

S. Michael Sury, Chairman, INDORUS Holdings LLP (SFO)

4:00pm - 4:45pm

A FORWARD LOOKING APPROACH TO EQUITY INVESTING: WHERE ARE WE HEADED FROM HERE?

  • Are International equities attractive on an absolute or relative basis?
  • What is the opportunity set for stock pickers vs. passive indexes?
  • What is the state of the equity market?
  • What is the outlook for the future of equities?
Moderator

Carolyn Weiss, Chief Financial Officer and Treasurer, The New York Community Trust

Panelist

David Center, Senior Vice President, Fund Evaluation Group

Panelist

Douglas M. Jackman, CFA, Executive Vice President, Thomas White International, Ltd.

4:45pm - 5:30pm

LEGAL ISSUES FACING PENSION PLANS: THINGS TO CONSIDER TO MOVING FORWARD

  • Regulatory issues
  • Domestic and offshore
  • Avoiding fraud
  • Corporate governance
  • New disclosure & liability
Moderator

Harry Griffin, Trustee, San Antonio Fire and Police Pension Fund

Panelist

Scott Grandbouche, Senior Investment Management Consultant, Equitas Capital Advisors LLC

Panelist

Robert J. Kriner, Jr., Partner, Chimicles & Tikelis, LLC

5:30pm - 6:30pm

THE STATE OF THE U.S. RETIREMENT SYSTEM: WHAT ARE THE CHALLENGES THAT PENSIONS ARE FACING IN 2017 AND THE FUTURE?

  • How will the new Presidential cabinet effect pension systems
  • Will DB plans exist in the future?
  • How does one measure liabilities when they only get a 1 year update through their actuary?
  • Should plans with different funded ratios have different asset allocations?
Moderator

Richard Hampton, President, Louisiana Trustee Education Council

Panelist

Daniel W. Ryan, Project Coordinator, Illinois Public Pension Fund Association

Panelist

Karen Zangara, Principal Consulting Actuary, Cheiron, Inc.

Panelist

David Harris, Consulting Actuary, Nyhart

6:30pm - 8:30pm

ANNUAL MARDI GRAS EXTRAVAGANZA

Join us and unwind with fellow industry professionals for refreshments, dinner, dancing and music during our Mardi Gras Networking Bash.

8:00am - 9:00am

Networking Continental Breakfast

8:50am - 9:00am

Opening Remarks

Frank Jobert, Jr. Executive Director, Louisiana Trustee Education Council and Trustee, Transit Management of Southeast Louisiana Pension Plan (TMSEL)

Richard Hampton, President, Louisiana Trustee Education Council

9:00am - 9:45am

GENERATING ALPHA THROUGH PRIVATE EQUITY & VENTURE CAPITAL

  • Asset Management: How can PE funds extract better returns with better
    management?
  •  With more firms and capital chasing large the same or fewer deals, is now a good time to invest in PE? Does size matter? Will large outperform small? The opposite is true historically in public markets.
  • Where are the best opportunities in Private Equity and Venture now?
  • Tech Venture’s obsession with Unicorns: a viable strategy or attempt to justify fund sizes?
  • Who will be the natural buyers for the large illiquid asset portfolios of the mega PE firms, Blackstone, Apollo, Carlyle, etc. now that banks are out and sovereigns and pensions are investors in those funds?
Moderator

Gordon "Grant" Curtis, Director of Investments, CI Investments (SFO)

Panelist

Michael Felman, President, MSF Capital Advisors (MFO)

Panelist

Gustavo Bikkesbakker, Vice President, Meketa Investment Group

Panelist

David Andryc, Principal, Co-Head, Co-investments, LGT Capital Partners (USA) Inc.

9:45am - 10:45am

OPPORTUNITIES WITHIN THE FIXED INCOME AND CREDIT STRATEGIES

  • Today’s shift from targeting growth returns to returns through reliability
  • Where are the opportunities during the upcoming 24 months
  • Where the credit markets have transformed since the recession and what they look like today
  • How to decipher between funds and direct holdings and what are the risks between the two
Moderator

Ed Shanklin, Senior Consultant, Gavion LLC

Panelist

James Keegan, CIO & Chairman, Seix Investment Advisors LLC

Panelist

Kris Kowal, Managing Director/CIO, Dupont Capital Management

Panelist

Michael Nechamkin, Co-Chief Investment Officer & Senior Portfolio Manager, Octagon Credit Investors, LLC

Panelist

Daniel Owen Mee, Senior Vice President, Tremont Realty Capital

10:45am -12:00pm

INVESTING IN TODAY’S REAL ESTATE MARKETS – SOURCES OF RISK AND RETURN

  • Underwriting the sponsor: Because the “Who” is just as important as the “What”
  • Where is the smart money heading?
  • Cusp of another bubble? Are we getting overheated in multiple asset classes?
  • Deal Flow: How can your family office secure access to the best opportunities?
  • Real Estate Allocation as part of a well balanced portfolio
  • Do recent articles and commentaries overstate the frothiness of today’s market?
  • Investing in a rising cap-rate environment
  • Repositioning of assets as a core investment strategy
  • Repositioning in prime and urban markets
  • Repositioning in secondary markets
  • Does institutional investors’ bias towards ultra- core assets represent a buying opportunity in other areas?
  • Crowd Funding for Real Estate: Is it finally mainstream and is it a good fit of your family?
  • Where are we in the real estate cycle? How should investing strategies differ at different points in the cycle?
  • What are the advantages and disadvantages of investing with institutional managers vs. local managers?
Moderator

Dean Crombie, Trustee, New Hampshire Municipal Retirement System

Panelist

Laler C. DeCosta, Managing Director, Client Portfolio Manager, Invesco

Panelist

Peter Palandjian, Chairman & CEO, Intercontinental Real Estate Corporation

Panelist

Steven Hagenbuckle, Founder, Managing Partner, TerraCap Management Corp

Panelist

Andy Weiner, President, Rockstep Capital

Panelist

Stephen Braun, Senior Vice President, J.I. Kislak Inc. (SFO)

12:00pm-12:20pm

Infrastructure Investing for Public Pensions

(Are Toll Roads a Good Diversifier?)

Hillary Ripley, Managing Director, Macquarie Infrastructure and Real Assets
(MIRA)

12:20pm - 2:00pm

Networking Luncheon

Keynote Presentation

Keynote Speaker

Craig M. Lewis, Madison S. Wigginton Professor of Finance Owen Graduate School of Management Professor of Law, Vanderbilt Law School, Vanderbilt University, Former Chief Economist and Division of Economic and Risk Analysis (DERA) Director, Securities Exchange Commission (SEC)

2:00pm - 2:45pm

KNOWING WHEN TO MAKE YOUR MOVE: MANAGING VOLATILITY & RISK TO MAXIMIZE INVESTMENT RETURNS

  • Risk? What Risk?” Risk is more than volatility.
  • Net under the High Wire?” Protecting portfolios against volatility.
  • No, Wait, I Can MAKE Trading?” Investing in volatility.
  • Prognosis for markets, near and longer-term.
Moderator

Doug Watler, Board Member & Trustee, Deerfield Beach Fire Pension

Panelist

Mark Kordonsky, Principal and Chief Risk Officer, Sageview Advisory Group

Panelist

Rick Rodgers, Vice President, Director | MPPP Plan Administrator, Innovest Portfolio Solutions LLC

Panelist

Max Giolitti, Managing Director, Verus

Panelist

Ed Theobald, Trustee, PFPOPE

2:45pm - 3:30pm

INVESTING FOR THE FUTURE: SUSTAINABLE INVESTING AND ESG

Moderator

Christine Mendonça, Founder and Managing Director, Shore to Shore Advisory

Panelist

Tami Kesselman, Founder & CEO, SolveForGood

Panelist

Renato Alessandro Iregui, Principal, Raire Family Office (SFO)

3:30pm - 4:00pm

Are Asset Gains Sustainable? — The Aftershock View

Keynote Speaker

Bob Wiedemer, President, Aftershock Publishing, LLC, Author, Aftershock and Aftershock Investor

4:00pm - 5:00pm

Networking Cocktail Reception

8:00am - 9:00am

Networking Continental Breakfast

8:45am - 9:00am

Opening Remarks

Frank Jobert, Jr. Executive Director, Louisiana Trustee Education Council and Trustee, Transit Management of Southeast Louisiana Pension Plan (TMSEL)

Richard Hampton, President, Louisiana Trustee Education Council

9:00am - 10:00am

MANAGER SOURCING: CHOOSING YOUR INVESTMENT MANAGERS & DISTINGUISHING BETWEEN LUCK AND SKILL

  • What should investors look for in managers?
  • What is the role of a consultant?
  • Evaluation: Investment process and operations. Red flags. New vs. established managers– what key things should be monitored?
  • Which strategies have been benefiting portfolios and where to look in the upcoming year?
  • What key factors that separate managers from each other in the selection process?
  • Methods for reviewing and evaluating a manager’s portfolio returns, return related measures and performance attribution to determine if a manager is in-line with benchmarks and performance expectations.
Moderator

Guy Pinkman, Trustee, City of Lincoln Police and Fire Pension

Panelist

David Barnes, Senior Investment Consultant, NEPC

Panelist

Brian Smith, SVP, Fund Sponsor Consulting, Callan Associates Inc.

Panelist

John Agenbroad, Chairman, Inter-Local Pension Fund

10:00am -11:00am

PRACTICAL TOOLS TO IMPROVE GOVERNANCE, FIDUCIARY RESPONSIBILITY & AVOID CONFLICTS: WHAT DO YOU NEED TO KNOW?

  • Restrictions on food & drink and disclosure requirements
  • Importance of process as a fiduciary
  • Fundamental expectations for board meetings
  • Importance of investment beliefs; facilitating board members to a shared set of beliefs
  • Governance & Decision making “dashboards”:  focus board on highest order tasks and decisions
  • Risk Management approaches & frameworks
  • Avoiding conflicts of interest (real & perceived):  approaches?
  • Board composition: “portfolio of viewpoints”, continuity vs. new perspectives
  • Governance scorecards/benchmarking
Moderator

Lauren Bailey, Attorney At Law, Law Offices of Lauren Bailey

Panelist

Kelen Evans, Chairman, Atlanta Firefighters Pension Fund

Panelist

David McConico, Chairman, Trustee, City of Aurora (CO) General Employees' Retirement Plan

Panelist

Will Buividas, Trustee, City of Phoenix Police Pension Board

11:00am -12:00pm

ACTUARY ROUNDTABLE Q &A:

  • How do actuaries decide on whether return and inflation assumptions are reasonable?
  • What horizon should be used for investment return forecasts when setting the return assumption? Short-term (0-5 yrs), mid-term (10-20 yrs) or long-term (30+ yrs)
  • What is the difference between the geometric expected mean and the arithmetic expected mean? Which is more appropriate for annual actuarial valuations?
  • Which comes first: Return assumption or asset allocation?
  • What can actuaries bring to the table on enterprise risk management?
Moderator

Gerald Garrett, Trustee, Tulsa Firefighters Health and Welfare Trust

Panelist

Shelley Johnson, ASA, Consulting Actuary, Foster & Foster, Inc.

Panelist

Louise Gates, Senior Consultant, Gabriel, Roeder, Smith and Company

Panelist

Greg Curran, CEO, G.S. Curran & Company

Panelist

Timothy Bowen, Principal, Retirement Consulting, Conduent

12:00pm

Closing Remarks

3star
Astor Crowne Plaza
Astor Crowne Plaza 739 Canal Street, New Orleans, LA


$220 per room per night + tax
*Prices exclude taxes
  • Rooms are available only to those participants who are registered conference attendees.
  • Rooms will not be guaranteed without a credit card.
  • Rooms are allocated on a first come first serve basis. Room types/rates are subject to availability.
  • The name on the form will be the name of the guest room.

Registration Pricing

LATEC Member Rate $1,995
Standard Rate $2,895
Institutional End-Investors (subject to qualification)*** Complimentary*

*** Institutional End-Investors include: organizations that are solely investing on their own behalf in alternatives and do not sell any alternative investment products or services to clients including; sovereign wealth funds, pension funds, endowments, foundations, family offices, private clients and treasury.

*Subject to Opal Group's approval. Eligibility will be verified.

Sponsorship, Exhibition & Speaking Opportunities 212.532.9898 info@opalgroup.net

Presented by

Craig M. Lewis, Madison S. Wigginton Professor of Finance Owen Graduate School of Management Professor of Law, Vanderbilt Law School, Vanderbilt University, Former Chief Economist and Division of Economic and Risk Analysis (DERA) Director, Securities Exchange Commission (SEC)

Presented by

Chris Martenson, Co-founder and CEO, Peak Prosperity

Presented by

Bob Wiedemer, President, Aftershock Publishing, LLC, Author, Aftershock and Aftershock Investor

  • The GAFM Global Academy of Finance & Management™ is the world's fastest growing professional society with approximately 50,000 members in over 150 countries hosting and accrediting certification training worldwide and offering exclusive board certified designations to candidates who meet the highest professional standards and assessment criteria.

  • The GAFM will grant full annual CE (7.5 Credits for 1 day, 15 Credits for 2 days) for those who attend this conference.

    CWM™ Chartered Wealth Manager®
    MFP™ Master Financial Planner®
    AFA™ Accredited Financial Analyst®
    CTEP™ Chartered Trust and Estate Planner®
    CITA™ Certified International Tax Analyst™

    * All certification courses available directly online from an accredited law school program

  • UNIQUE CONFERENCE FORMAT
    This conference will exclusively feature dialogue driven panel discussions led by consultants and family offices. In order to maintain the educational value of our events, we prohibit any use of PowerPoint presentations during panel discussions. *Only Standalone Speakers will be allowed to use PowerPoints during their presentation. All other PowerPoint Presentations can be added to our Mobile App by submitting a PDF/PPT document to an Opal Associate. Speakers must keep in mind the educational objective of this event. Speakers will NOT be allowed to market specific products or services during presentations.*

  • Pension Rep – Trustee, Administrators, Commissioners, Staff
  • Consultants
  • Endowments
  • Foundations
  • Taft Hartley Reps – Trustee, Administrators, Commissioners, Staff
  • Family offices
  • Attorneys
  • Accountants
  • Hedge Funds
  • Fund of Funds
  • Real Estate Managers
  • Equity Managers
  • Venture Capitalists
  • Private Equity
  • Insurance Companies
  • Benefit Companies
  • Public Service Administrative Providers

Managers vs. Investors

    Investor Breakdown