Public Funds Summit East 2017

Newport Marriott, Newport, RI
July 24, 2017 - July 26, 2017

87 days left

Opal Group’s annual public funds conference addresses issues that are critical to the investment success of senior public pension fund officers and trustees in the new millennium. Concerns of funding liabilities for beneficiaries in a world of declining returns yet maintaining a balance between the risk/ reward paradigms is center in the mind of many trustees and representatives of pension plans around the country. The exchange of ideas both in and out of the session halls are key in educating and identifying viable alternatives that will address these concerns. We will discuss how surplus returns should affect employee benefit plans; closely examine the processes for selection and evaluation of investment managers. Beyond the investment sphere we also address legal issues facing pension plans, ethic regulations and the importance of on-going education for plan sponsors and their fiduciaries. 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. By focusing on an atmosphere of education rather than sales or marketing, 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. Opal will kick off the event with its Annual Regatta Cup, in which attendees will have the opportunity to work with a professional sailing charter crew while competing against industry peers.

CONFERENCE FORMAT
This conference will exclusively feature dialogue driven panel discussions led by consultants and family offices. Power Point presentations are prohibited during the sessions but may be made available on our mobile app. Please send in PDF or PowerPoint format if you would like to have presentation included on App. *Only Standalone Speakers will be allowed to use PowerPoints, but cannot pitch products or advertise anything with their firms.*

Agenda current as of April 28, 2017

8:00am

America’s Regatta Cup Networking event

(shuttle service begins at 7:15 am)

9:00am

Exhibitor Setup

10:00am

Registration Opens

12:15pm

Welcoming Remarks

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

12:30pm - 1:30pm

Investment Officers’ Roundtable: A Conversation with Pension CEOs, CIOs and Executive Directors

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

  • Role of Investments
  • Demographics and your pension liabilities
  • How to keep your trustees active?
  • Funding crisis and how to deal with it
  • Outlook for 2nd half of 2017
  • What changes should be made moving forward?
  • Why it is critically important to understand a plan’s liabilities, and how to use that output to drive investment structure and asset allocation?
Moderator

Bill Rubin, First Deputy City Controller, Office of the Controller Philadelphia

Panelist

Blair Richards, CEO, Halifax Port ILA/HEA Pension Plan and Trust Funds

Panelist

Anthony Calhoun, Executive Director, Baltimore Fire & Police Employees' Retirement System

Panelist

Gerry Fleury, Executive Director, Manchester Employees' Contributory Retirement System

1:30pm - 2:30pm

Opportunities in the Fixed Income and Credit Markets

  • 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

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

Panelist

Michael Salice, Director of Research, SKY Harbor Capital Management LLC

Panelist

Greg Branch, CIO, SCIO Capital

2:30pm

Standalone

Christian McCormick, CFA, Senior Product Specialist, Best Styles, Allianz Global Investors

2:50pm

Standalone

3:10pm

Standalone

3:30pm - 3:45pm

Refreshment Break

Sponsored by:

Allianz Global Investors

3:45pm - 4:15pm

Keynote Presentation:

 Blackout Wars: The EMP and Combined-Arms Cyber Threat to National Survival

Keynote Speaker

Dr. Peter Pry, Executive Director, EMP Task Force on National and Homeland Security

4:15pm - 5:00pm

Equity Investing and Its role in Today’s Pension Portfolio

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

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

Panelist

TBA, Kennedy Capital Management, Inc.

5:00pm - 5:45pm

What is the Hedge Fund Industry up to and What can we Expect Moving Forward?

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

Allen Cheng, Associate Partner - Hedge Fund Research, Aon Hewitt

5:45pm - 6:30pm

State of the US Retirement System: What are the challenges pensions are facing and what does the future look like?

  • Will DB plans exist in the future?
  • How do you measure liabilities when they only get a 1-year update through their actuary?
  • Should plans with different funded ratios have different asset allocations?
  • Building public support for the DB system
  • How to get creative with funding issues
  • Comparing pension plans that politicians have screwed up by not funding, changing assumption numbers etc… versus plans that have been left alone
  • A look at the impact of Trump on national and international economy
Moderator

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

Panelist

Russ Kamp, Managing Partner, Kamp Consulting Solutions, LLC

Panelist

Jim Smith, Trustee, San Antonio Fire and Police Pension

Panelist

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

6:30pm - 7:30pm

Cocktail Reception

Sponsored by:

Labaton Sucharow LLP

7:30am

Breakfast

8:20am

Welcoming Remarks

8:30am - 9:30am

The Legal and Regulatory Landscape: What Pensions need to know.

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

James D Love, Assistant City Attorney, City of Birmingham Retirement & Relief System

9:15am - 10:15am

What are CLO Strategies and Why Should Pensions Invest in them?

  • 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

Tim Barron, Chief Investment Officer, Segal Rogerscasey

Panelist

Plamen Mitrikov, Portfolio Manager, Foundation View Capital LLC

Panelist

John Wu, Managing Director, Seix Investment Advisors LLC

Panelist

TBA, Napier Park Capital

10:15am -11:15am

Real Estate Markets and your Pension System: What should you be looking for?

  • 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

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

11:15am

Standalone

11:35am

Keynote Presentation

Keynote Speaker

Karthik Sankaran, Director, Global Strategy, Eurasia Group

12:05pm -1:30pm

Networking Luncheon

Keynote Speaker

Bruce Richards, Co-Managing Partner & CEO, Marathon Asset Management

1:30pm - 2:30pm

Keynote Presentation:

Will the S&P 500 beat the S&P 500?

Keynote Speaker

Tom Dorsey, Founder, Dorsey, Wright & Associates

2:00pm - 2:45pm

A Look at Real Assets and how Pensions can get involved

  • 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

Will Buividas, Trustee, City of Phoenix Police Pension Board

Panelist

TBA, Tortoise Capital Advisors

Panelist

Jeremy Held, CFA, Director of Research & Investment Strategy, ALPS Portfolio Solutions

Panelist

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

2:45pm - 3:30pm

Private Equity and Venture Capital: How to Extract New Alpha

  • Asset Management: How can private equity 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 private equity?  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?
  • 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 private equity firms (e.g. Blackstone, Apollo, Carlyle, etc.) now that banks are out and sovereigns and pensions are investors in those funds?
Moderator

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

3:30pm - 4:30pm

Knowing When to make Your Move: How do you Best Manage Risk and Volatility?

  • “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

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

Panelist

Max Giolitti, Managing Director, Verus

Panelist

Sanjay Bharwani, CEO, Risk Advisors Inc.

Panelist

Mustafa Saiyid, Senior Financial Expert, IMF

Panelist

TBA, CBOE

4:30pm - 5:15pm

Role Of Treasurers 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

Jim Strouse, Chairman, Burlington (VT) Employees' Retirement System

Panelist

Michael Fitzgerald, State Treasurer, State of Iowa

Panelist

Seth Magaziner, State Treasurer, State of Rhode Island Treasurer's Office

5:15pm - 6:00pm

Best Strategies for Proper Manager Selection

  • 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

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

Panelist

Marty Dirks, Senior Investment Consultant, Board of Trustee, Milliman / San Jose Federated City Employees Retirement System

Panelist

Kevin M. Nichols, Senior Investment Management Consultant, The Forma Group - Morgan Stanley Wealth Management

Panelist

Jeffrey Markarian, Senior Research Consultant, NEPC, LLC

6:00pm - 9:00pm

Summer Social Bash Networking

 

Join us and unwind with fellow industry professionals for Live Music, Great Food, &

Refreshments during our networking party.

(Registered guests only)

(shuttle service begins at 5:30 pm to Goat Island)

 

Featuring Live Music

 

Global Impact Award Presentation

7:00am

Breakfast

8:00am

Welcoming Remarks

8:15am - 9:15am

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

Greg Knoll, Executive Director, Illinois Professional Firefighters Association

Panelist

John Agenbroad, Chairman, Inter-Local Pension Fund

Panelist

Ardian Hasko, Vice President - Investments, Dominick & Dominick

Panelist

Tom Herek, County Commissioner, Bay County Employee's Ret. System, Bay County (MI)

Panelist

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

9:15am - 10:15am

The Role Consultants Play with Pension Funds and How They Make Decisions

  • 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?
  • How do they make decisions on new managers?
Panelist

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

Panelist

Robert Appling, Managing Director, Wilshire Associates

Panelist

Anthony Lombardi, Associate Partner, Institutional Advisory Solutions, Aon Hewitt

Panelist

Nicholas Rotello, Chief Investment Officer, Innovest Portfolio Solutions

10:15am-11:15am

Learning from Actuaries: Actuarial Science and your Pension Plan

  • 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

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

Panelist

David Harris, Consulting Actuary, Nyhart

Panelist

Ronald Ryan, CEO, Chief Financial Architect, Founder, Ryan ALM, Inc.

Panelist

Brad Heinrichs, President/CEO, Foster & Foster, Inc.

11:15am-12:00pm

Meet the trustees: Conference takeaways

Moderator

Suzanne Taylor, Chairperson, Old Saybrook Retirement Board

Panelist

Henry Wilson, Trustee, Wayne County Employees' Retirement System

Panelist

Michael Grodi, Trustee, Monroe County (MI)

Panelist

Matthew Lay, Trustee, Oklahoma Firefighters Pension & Retirement System

12:00pm

Conference Concludes

4star
Newport Marriott
Newport Marriott, America's Cup Avenue, Newport, RI, United States


King $334
Double/Double $334
*Prices exclude taxes. Rates are exclusive of 13% tax.
  • Rooms are available only to those participants who are registered conference attendees.
  • The name on the form will be the name of the guest room.
  • Rooms are allocated on a first come first serve basis. Room types/rates are subject to availability.
  • Rooms will not be guaranteed without a credit card.

Registration Pricing

Earlybird Rate III
(expires 6/15/17)
Standard Rate
Asset Managers $2,895 $3,195
Service Providers $2,895 $3,195
Pension/Union Trustee, Administrator, Director or Officer/ Non-Discretionary Consultants*** Complimentary* 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

Will the S&P 500 beat the S&P 500?

Presented by

Tom Dorsey, Founder, Dorsey, Wright & Associates

Presented by

Dr. Peter Pry, Executive Director, EMP Task Force on National and Homeland Security

Presented by

Bruce Richards, Co-Managing Partner & CEO, Marathon Asset Management

      • Pension Outlook: The State of the U.S.Retirement System
      • New Styles and Strategies for Investing
      • Asset Allocation best Practices
      • Ongoing Education for Plan Fiduciaries and Participants
      • Challenges facing Public Pension Plans
      • Risk Management
      • Manager Selection
      • Equity Investing
      • Securities Lending
      • Hedge Funds
      • Private Equity/Venture Capital
      • Real Estate
      • Real Assets – precious metals, timber, infrastructure, agriculture, managed futures, etc.
      • Emerging and Frontier Markets
      • Choosing the right advisor/consultant
      • …and many more!
  • 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

Managers/Service Providers vs. Investors

    Institutional Investors