Public Funds Summit 2017

Fairmont Scottsdale Princess, Scottsdale, AZ
January 9, 2017 - January 11, 2017

-- --

The Public Funds Summit provides a unique environment in which members of the public sector can exchange ideas and learn from other delegates, money managers, and consultants. Although attendance is not limited to those in the public sector, the conference takes aim at topics that are of particular relevance to public pension funds.

Funding concerns and declining returns have led many pension plans to seek a balance between risk and reward in order to meet pension obligations. Furthermore, the role of investment and its returns are essential to the concern of meeting obligations to pension members. How investment managers, across various strategies, can aid public pension plans in ensuring a safe future for its members will be key in the conversations at the event. The exchange of ideas both in and out of the session halls is key in educating and identifying viable alternatives that will address these concerns. Beyond the investment sphere, we also address legal issues facing pension plans, ethics regulations and the importance of on-going education for plan sponsors and their fiduciaries. We will also discuss the importance of politics and public perception of pension plans and the role that trustees and pension officers have in creating a positive image for their plans.

We will also showcase industry leaders as Keynotes throughout the event. So far we count with Kurt Volker, Executive Director, The McCain Institute for International Leadership, Former United States Permanent Representative, NATO and Peter Boockvar, Managing Director - Chief Market Analyst, The Lindsey Group LLC as our keynotes and we suggest keeping an eye out for more to come!

Agenda current as of February 6, 2017

6:00pm

The Badge of Honor Memorial Foundation’s Annual Charity Reception

Location:

Tilted Kilt Pub & Eatery

(approx. 4 miles from the Fairmont Princess Hotel)

7077 E. Bell Road, Scottsdale, AZ 85254

(480)922-8424

 

The Badge of Honor Memorial Foundation is the national advocacy group for the families and departments of law enforcement officers killed in the line of duty, providing oversight and guidance in obtaining all of the Statutory Federal and State Benefits that may be available to them and lead the way in training to ensure that departments everywhere are prepared in advance of a line-of-duty death.

 

This Annual Charity Reception is an opportunity to meet and greet with Foundation Trustees who all serve double duties as Sworn Officers and Pension Fund Trustees on their Public Safety Pension Funds, County Pension Funds or City Pension Funds from all over the country.

 

The Badge of Honor Memorial Foundation will also be having a silent auction at the Opal’s Public Funds Summit Conference with a wide range of items for everyone, so help support the departments and families of fallen officers killed in the line-of-duty and don’t forget to bid!!!

*A Donation is Requested directly to The Badge of Honor Memorial Foundation*

8:00am

Exhibitor Setup

9:30am

Registration Open

12:50pm - 1:00pm

Welcoming Remarks

1:00pm - 2:00pm

CONVERSATIONS WITH CEO’S AND CIO’S

  • 2016 highlights
  • Focus and expectations for 2017
  • What changes are being considered for 2017?
Moderator

Rose Dean, Vice President, Wilshire Associates

Panelist

Patricia Humbert, Chief Investment Officer, Arizona State Treasurer's Office

Panelist

Aoifinn Devitt, Chief Investment Officer, Chicago Policemen's Annuity & Benefit Fund

Panelist

Derek W. Dobson, CEO and Plan Manager, CAAT Pension Plan (Colleges of Applied Arts and Technology Pension Plan)

2:00pm - 3:10pm

OPPORTUNITIES IN FIXED INCOME AND CREDIT

  • Where are the opportunities over the next 24 months?
  • How have fixed income and credit markets performed for pension clients?
  • Exploiting inefficiencies in the credit markets
  • The importance of manager flexibility
  • Benefits of a long-term strategic allocation to the high yield asset class
Moderator

Paul Erlendson, Senior Vice President, Callan Associates

Panelist

Don Stracke, Senior Consultant, NEPC, LLC

Panelist

Thomas Emmons, Partner, Pegasus Capital Advisors LP

Panelist

John ‘Boots’ Dunlap, CIO, RRA Capital

Panelist

Gregg Soeder, Partner, Director of Portfolio Strategy, Brigade Capital Management

Panelist

James Keller, CFO, College Avenue Student Loans

3:10pm - 3:30pm

MAXIMIZING YIELD THROUGH NET LEASE REAL ESTATE INVESTMENT VS. FIXED INCOME

Dave Piasecki, CIO, Elmtree Funds

3:30pm - 3:45pm

Refreshment Break

Sponsored by:

Elmtree Funds

3:45pm - 4:30pm

UNIQUE STYLES AND STRATEGIES TO GENERATE ALPHA FOR YOUR PLAN

  • What are the best strategies to generate positive returns?
  • Can pension funds rely on asset managers’ and consultants’ strategies or should they rely on their own?
  • What are the new investment opportunities for 2017?
  • What asset classes will perform best in the next 12 months?
  • Stories from the trenches:  home runs & train wrecks
  • Are we seeing any significant new product innovations?
  • What unconventional asset classes are worth considering?
  • Governance alpha
Moderator

Peter Gerlings, CFA, CAIA, Senior Vice President, Implemented Investment Consulting, Segal Rogerscasey

Panelist

Oliver Fratzscher, Chief Executive Officer, EM Leaders LLC

Panelist

Brendon Reay, Partner, Locust Wood Capital Advisers LLC

4:30pm - 5:15pm

REAL ASSET STRATEGIES – WHERE ARE THE OPPORTUNITIES?

  • How do real assets fit into a pension funds portfolio?
  • Risks involved
  • Infrastructure
  • Oil and Gas investing
  • Direct vs. indirect investments
  • Impact of oil prices and outlook for the year to come
Moderator

Mark Eisner, Chairman, Daytona Beach Police and Fire Pension Fund

Panelist

Shonda K. Warner, Managing Partner, Chess Ag Full Harvest Partners LLC

Panelist

Kyle Vanourny, Vice President, Tortoise Capital Advisors

Panelist

Jowell Amores, Senior Investment Analyst, MFG Asset Management

5:15pm - 6:00pm

ROLE OF TREASURER’S IN PENSIONS

  • As a treasurer, what is the role you play in the retirement system?
  • Post-election outlook
  • Accountability to constituents
  • Importance of keeping your members educated
Moderator

Mark Flaherty, General Counsel, Pennsylvania State Association of County Controllers

Panelist

Jeff DeWit, State Treasurer, State of Arizona

Panelist

Michael Fitzgerald, State Treasurer, State of Iowa

Panelist

Ken Miller, State Treasurer, State of Oklahoma

6:00pm - 8:00pm

Cocktail Reception

College Football Playoff National Championship Viewing

7:00am

Breakfast in Exhibit Hall

8:00am - 8:30am

FINANCIAL MARKETS UNDER A NEW ADMINISTRATION

Gwendolyn Collins, Former Officer of the Board of Governors, Federal Reserve System

8:30am - 9:45am

CLO STRATEGIES FOR PENSION INVESTING

  • How has the CLO market performed?
  • Role of volatility in CLOs
  • CLO Volume
  • International versus Domestic CLO markets
  • How to select a CLO Manager
Moderator

Dave Preston, Managing Director, Wells Fargo Securities, LLC

Panelist

Marc Boatwright, Managing Partner, Covenant Credit Partners

Panelist

Gretchen Lam, Portfolio Manager and Investment Committee Member, Octagon Credit Investors, LLC

Panelist

Thomas Dunstan, Managing Director, CLOs, Good Hill Partners

Panelist

Craig Bergstrom, CFA, Managing Partner, Chief Investment Officer, Corbin Capital Partners

Panelist

Nishil Mehta, Principal, Prospect Capital Management, LLC

9:45am - 10:45am

OUTLOOK FOR REAL ESTATE IN 2017

  • Where are we in the Real Estate Cycle
  • Where can upside potential be found
  • What are the biggest risks
  • U.S. versus non-U.S.
  • Technology and the commercial real estate landscape
  • New administration effect on commercial real estate
Moderator

Dale Connors, CFA, Senior Consultant, Ellwood Associates

Panelist

Steve Hagenbuckle, Founder, Managing Partner, TerraCap Management, LLC

Panelist

Indy Karlekar, Global Head of Research, Principal Real Estate Investors

Panelist

Peter Palandjian, Chairman & CEO, Intercontinental Real Estate Corporation

Panelist

Austin Khan, Chief Investment Officer, Ethika Investments, LLC

10:45am - 11:45am

EQUITY INVESTING – WHAT ROLE SHOULD IT PLAY IN YOUR PORTFOLIO?

  • What is the state of the equity market?
  • What is the outlook for the future of equities?
  • International v Domestic equity landscape?
Moderator

Jack Frost, Trustee, West Palm Beach (FL) Police Pension Fund

Panelist

Richard Sinise, Co-Founder, Chief Portfolio Manager and Director of Research, Kennedy Capital Management, Inc.

Panelist

Irv Lowenberg, Treasurer, City of Southfield, Michigan

Panelist

Alex Bellefleur, Global Macro Strategist, Pavilion Global Markets Ltd.

11:45am -12:00pm

Refreshment Break

12:00pm -12:20pm

THERE IS NO SUCH THING AS SMART BETA

Dr. Michael Heldmann, CFA, Head of Best Styles North America, Allianz Global Investors

12:20pm -12:40pm

GLOBAL EQUITY VS REGIONAL EQUITY MANDATES

Kevin McCreadie, CIO, AGF Investments

12:40pm - 2:00pm

Networking Luncheon

Keynote Presentation

Keynote Speaker

Peter Boockvar, Managing Director - Chief Market Analyst, The Lindsey Group LLC

2:00pm - 2:45pm

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

Kenneth Hauser, President, Chicago (IL) Policemen's Annuity & Benefit Fund

Panelist

Brian Borton, Senior Associate, StepStone Group, LP

Panelist

Eric Thunem, Managing Director, Portfolio Advisors, LLC

Panelist

Kevin Campbell, Managing Director, Dupont Capital Management

2:45pm - 3:45pm

LEGAL ISSUES FOR PENSIONS TO KEEP IN MIND

  • Protecting your fund from scrutiny
  • Fiduciary reliance on expert advice
  • Recent developments
  • Investor protection
  • Conflicts of interest
  • SEC update
  • Regulatory issues
  • Corporate governance
  • New disclosure & liability
Moderator

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

Panelist

Greg Nespole, Partner, Wolf Haldenstein Adler Freeman & Herz LLP

Panelist

Stephanie Hart, Counsel, City of Phoenix Employees Retirement System

Panelist

Donnie Hall, Partner, Kaplan Fox

Panelist

Solomon B. Cera, Partner, Cera LLP

3:45pm - 4:00pm

Refreshment Break

4:00pm - 4:45pm

WHAT CAN WE EXPECT FROM THE HEDGE FUND INDUSTRY IN 2017?

  • Which hedge fund strategies will thrive in the current market environment?
  • How to differentiate your fund?
  • Which hedge funds best complement your portfolio?
  • Is bigger better?
  • Analyzing and measuring performance of hedge funds
  • Why should plan sponsors stay invested in the hedge fund industry?
Moderator

James Maloney, Chairman, Investment Committee, Chicago (IL) Policemen's Annuity & Benefit Fund

Panelist

Jean-Francois Crousillat, CAIA, HedgeMark

Panelist

Larry Pokora, Head of Global Investor Relations and Marketing, LibreMax Capital

Panelist

Burgess B. Chambers, President, Burgess Chambers & Associates, Inc.

4:45pm - 5:45pm

WHERE ARE PENSIONS HEADING IN 2017 – EXECUTIVE DIRECTOR ROUNDTABLE

  • Role of Investments
  • Demographics and your pension liabilities
  • How to keep your trustees active?
  • Funding crisis and how to deal with it
  • Outlook for 2017
Moderator

Greg Knoll, Executive Director, Illinois Professional Firefighters Association

Panelist

Steve Olish, Executive Director, St. Louis Police Retirement System

Panelist

Pat Robertson, Executive Director, Public Employees Retirement System of Mississippi

Panelist

Paul Matson, Executive Director, Arizona State Retirement System

5:45pm - 6:30pm

FUNDING PENSIONS GOING FORWARD: ROLE OF POLITICS, PERCEPTION AND PENSIONS

  • Illinois case study
  • How to get creative with funding issues
  • What works best for your pension?
  • Why does perception matter?
  • How did the elections change the image of public pension plans?
  • Can the DB plans survive?
  • Role of trustees in changing perception
Moderator

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

Panelist

Jim McNamee, President, Illinois Public Pension Fund Association

Panelist

John Girard, Trustee, Boca Raton (FL) Police & Fire Retirement Association

Panelist

Dean Crombie, Trustee, New Hampshire Municipal Retirement System

6:30pm - 7:30pm

Cocktail Reception

Sponsored by:

AGF Investments

7:00am

Breakfast in Exhibit Hall

7:50am

Opening Remarks

8:00am - 8:45am

ROLE CONSULTANTS SHOULD PLAY IN HELPING PENSIONS ACHIEVE RETURNS

  • What level of involvement does your consultant have in shaping your investment program?
  • Choosing the right consultant for your plan
  • Consultant obligations during manager selection and what characteristics do consultants focus on?
  • How can managers get to a consultant?
  • Can trustees help get managers on the radar?
Moderator

Robert Grden, Executive Director, Wayne County Employees' Retirement System

Panelist

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

Panelist

Thomas Forma, Senior Vice President, Senior Institutional Consultant, The Forma Group - Morgan Stanley Wealth Management

Panelist

Phineas Troy, Vice President, Summit Strategies Group

8:45am - 9:30am

HOW TO SELECT THE RIGHT MANAGER TO MEET YOUR FUNDING NEEDS?

  • How should funding affect your search for managers?
  • What investment strategies work best for underfunded plans?
  • What are your target returns?
  • How to measure success?
  • Consultants role in finding the right manager
Moderator

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

Panelist

Leandro A. Festino, Managing Principal, Meketa Investment Group, Inc.

Panelist

Kathleen Barchick, Senior Managing Director, Cliffwater LLC

Panelist

Joseph Connolly, Norfolk County Treasurer, Norfolk County Retirement Board

Panelist

Kevin Nichols, senior Investment Management Consultant, The Forma Group – Morgan Stanley Wealth Management

9:30am - 10:15am

HOW TO ADJUST YOUR RISK AND ALLOCATION TO MEET YOUR FUNDING BENCHMARK?

  • Risk factor allocations instead of asset allocations (growth, inflation, etc.)
  • The role of risk management and risk culture in public plans
  • Is volatility an enemy?
  • What asset allocation changes are you predicting in the year ahead?
Moderator

Lily Cavanagh, Treasurer, Redford (MI) Police & Firemen Retirement System

Panelist

Russ Kamp, Managing Partner, Kamp Consulting Solutions, LLC

Panelist

Daniel Owens, Trustee, Holyoke Contributory Retirement

10:15am - 11:15am

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

Dexter Cunningham, Trustee, City of Birmingham Firemen's and Policemen's Supplemental Pension System

Panelist

Darryl Walker, Board Trustee, Alameda County Employees Retirement Association

Panelist

Shawn Wells, Trustee, City of Southfield

Panelist

John Agenbroad, Chairman, Inter-Local Pension Fund

Panelist

Matthew Lay, Trustee, Oklahoma Firefighters Pension & Retirement System

11:15am - 12:00pm

A CONVERSATION AMONGST TRUSTEES – WHAT TO BE PREPARED FOR IN 2017?

Moderator

Art Alfaro, Trustee, Austin Firefighters' Retirement & Relief Fund

Panelist

Don Ruiter, Trustee, Daytona Police and Fire Pension Fund

Panelist

Henry Wilson, Trustee, Wayne County Employees’ Retirement System

Panelist

James Epp, Chairman, Kansas City Board of Public Utilities

12:00pm

Conference Concludes

12:30pm

Golf at TPC Scottsdale

5star
Fairmont Scottsdale Princess
Fairmont Scottsdale Princess, 7575 East Princess Drive, Scottsdale, AZ 85255, United States


Government Rate* (Single/Double) $309
Standard Rate (Single/Double) $339
Exclusive of one time $12 porterage fee (per person), $2 house keeping fee per room / per night and state and local taxes, currently 13.92% *Government Rooms are subject to approval.
  • 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

Standard Rate
Managers/Service Providers $3,195
Pension/Union Trustee, Administrator, Director or Officer/ Non-Discretionary Consultants*** 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

Kurt Volker, Executive Director, The McCain Institute for International Leadership, Former United States Permanent Representative, NATO

Presented by

Peter Boockvar, Managing Director - Chief Market Analyst, The Lindsey Group LLC

  • UNIQUE CONFERENCE FORMAT
    This conference will exclusively feature dialogue driven panel discussions led by consultants and public pension plans. 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
  • Attorneys
  • Taft Hartley Reps – Trustee, Administrators, Commissioners, Staff
  • Accountants
  • Hedge Funds
  • Fund of Funds
  • Real Estate Managers
  • Equity Managers
  • Venture Capitalists
  • Private Equity
  • Insurance Companies
  • Benefit Companies
  • Public Service Administrative Providers

Manager vs. Investor

    Investor Breakdown