6/12/2009 8:56:34 AM 1 Produced by:
WEDNESDAY, JUNE 17, 2009
2:00 PM – 5:00 PM
Garden Room PLAN SPONSOR ‘ONLY’ EMERGING MANAGER INTENSIVE
Plan Sponsors are facing critical issues. Many have target returns and fixed asset
allocation levels but chaotic market conditions have made meeting and adhering to
those allocations incredibly challenging. At the same time, many believe steep declines
in asset prices is creating unparalleled investment opportunities with attractive long-
term returns—yet pursuing those may not be possible given agreed upon investment
mandates. How can emerging managers pursue opportunities and help plan sponsors
achieve their goal? Which asset classes are likely to experience resurgence, and which
will follow market volatility? This session will discuss ways to develop a strategic plan to
take advantage of various opportunistic investment options as they become available.
This three hour "intensive" session will provide a rare opportunity for investment staff
and trustees from public and private pension funds, endowments, foundations and
union funds to meet and share candid perspectives on issues they are facing within the
current environment. The conversation will be fast-paced and info-packed, all with the
goal of expanding your management of key issues, including how emerging manager
programs can factor in to your investment strategy.
2:00 PM – 2:30 PM Welcome:
RG & Associates, Inc. – Renae Griffin, CMP, Principal
Introductions:
Vista Equity Partners – Martin Taylor - Operating Principal
UCLA Anderson School of Management - Alfred E. Osborne, Jr., Ph.D., Senior Associate
Dean
Economic Report and Forecast
UCLA Anderson Forecast - Edward E. Leamer, Ph.D, Director
2:30 PM – 3:30 PM The New Financial Market Model
Discussion of key issues that affect institutional investors.
• Liquidity and the credit markets
• Governance issues – Compensation, Clawbacks, etc...
• Focus on Alternatives Model – Hedge Fund / Private Equity
• New operating bylaws – A move away of placement agents and intermediaries
PROGRAM OUTLINE
SLS Hotel at Beverly Hills
465 S. La Cienega Blvd.
Los Angeles, CA
Co-Sponsored by:
Interlink Asia Ltd.
Vista Equity Partners
6/12/2009 8:56:34 AM 2 Produced by:
• New ideas about Asset Allocation: Are they relevant, what new model might
work, risk management
• Manager Selection and Monitoring – Changing the Filter: Fund selection /
criteria – from AUM, team composition, rate of returns. Due diligence in
regulated and non-regulated sectors
Facilitator:
Employees' Retirement Fund of the City of Dallas – Cheryl Alston, Executive Director
Speakers
� GE Asset Management – James Mitchell Jr., Managing Director
� Pension Consulting Alliance, Inc. – Allan Emkin, Managing Director
� Teacher Retirement System of Texas – Lee Partridge, Deputy Chief Investment
Officer
� Wilshire Associates – Andrew Junkin CFA, CIMA, CAIA, Managing Director
3:45 PM – 4:30 PM Insights into the Global Economy – Exploring the World of the Global Investor
Facilitator:
Interlink Asia Ltd. – Shezad Rokerya, Chairman
Speakers:
� City of San Jose Retirement Services - Carmen Racy-Choy FSA, FCIA, MBA, CAIA,
Chief Investment Officer
� Employees' Retirement Fund of the City of Dallas – Cheryl Alston, Executive
Director
� Korea Investment Corporation – Sung Hwan Shin Ph.D., Steering Committee
Member
� StepStone Group, LLC – Monte Brem, Chief Executive Officer
4:30 PM – 5:00 PM Rethink & Reorient
Facilitator:
UCLA Anderson School of Management - Alfred E. Osborne, Jr., Ph.D., Senior Associate
Dean
� Small group breakout sessions to explore key issues more in-depth
� Closing Remarks & Business Card Exchange
PLAN SPONSOR “ONLY” PARTICIPANTS TO-DATE
Alameda County Employees’ Retirement Association
Boeing Company
California Public Employees’ Retirement System
City of Chicago Treasurer’s Office
City of Oakland Police & Fire Retirement System
City of San Jose Retirement Services
Cook County Annuity & Benefit Fund
City of Detroit Retirement Systems
Employees' Retirement Fund of the City of Dallas
GE Asset Management
6/12/2009 8:56:34 AM 3 Produced by:
Howard University Endowment and Retirement Fund
Illinois Teachers’ Retirement Systems
Kaiser Permanente
Korea Investment Corporation
Los Angeles City Employees’ Retirement System
Los Angeles County Employees’ Retirement
Los Angeles Fire & Police Retirement System
MetLife Real Estate Investments
Mingei International Museum Foundation
New Jersey Division of Investment
NYC Office of the Comptroller
Office of Manhattan Borough President Scott M. Stringer
Orange County Employees’ Retirement System
Rensselaer Polytechnic Institute
San Francisco Employees’ Retirement System
Small Business Investment Company (SBIC) Program
State of Ohio Office of the Treasurer
Texas Permanent School Fund
Teacher Retirement System of Texas
Virginia Retirement System
The Walt Disney Company
University of California, Office of the Treasurer of the Regents
Washington State University Endowment
W.K. Kellogg Foundation
6/12/2009 8:56:34 AM 4 Produced by:
WEDNESDAY, JUNE 17, 2009
2:00 PM – 5:00 PM PLAN SPONSOR ‘ONLY’ EMERGING MANAGER INTENSIVE
Garden Room
6:00 PM – 7:00 PM PLAN SPONSOR “ONLY” INTENSIVE RECEPTION
Garden Terrace Special Guests:
City of Chicago – Stephanie Neely, Treasurer
State of Ohio – Kevin L. Boyce, State Treasurer
7:00 PM – 8:30 PM GENERAL WELCOME RECEPTION
Garden Terrace NEW PEOPLE: Celebrate our move to Los Angeles and the start of the 6th
annual
gathering. The evening is a perfect opportunity to reconnect with peers and meet new potential
partners before the main event.
Special Guests:
City of Los Angeles – Mayor Antonio Villaraigosa (pending)
City of Chicago – Honorable Stephanie Neely, Treasurer
State of Ohio – Honorable Kevin L. Boyce, State Treasurer
THURSDAY, JUNE 18, 2009
7:00 AM – 2:00 PM REGISTRATION
Ballroom Foyer
7:30 AM – 9:00 AM PLENARY BREAKFAST
Ballroom
Welcome:
RG & Associates, Inc. – Renae Griffin, CMP, Principal
Introductions:
Parish Capital Advisors, LLP – Wendell McCain, Partner
PROGRAM OUTLINE
Co-Sponsored by:
Credit Suisse
Parish Capital Advisors, LLP
Co-Sponsored by:
AVP Advisors, LLC
Shamrock Capital
Advisors, Inc.
SLS Hotel at Beverly Hills
465 S. La Cienega Blvd.
Los Angeles, CA
SLS Hotel at Beverly Hills
465 S. La Cienega Blvd.
Los Angeles, CA
6/12/2009 8:56:34 AM 5 Produced by:
Opening Remarks:
State of California – Honorable John Chiang, Controller
NEW PERSPECTIVES: FROM THE FRONTLINE: Top Pension Plans Share Insights &
Perspectives
Top investment professionals from the nation’s prominent pension plans will share their
insights on the current environment, including a detailed look at how their strategies
and approaches to managing risk and generating returns has shifted. We’ll explore
current conditions and what’s ahead for the remainder of 2009, including market
scenarios and how they will impact plan sponsors, emerging managers, fund of funds
and others. Our session facilitator will be focused on driving a lively session.
Facilitator:
Credit Suisse Customized Fund Investment Group – Kelly Williams, Managing Director
Speakers:
• CALPERS – Joseph Dear, Chief Investment Officer
• City of Chicago – Honorable Stephanie Neely, Treasurer
• Kaiser Permanente – Kaiser Permanente – William D. Lee, CFA, Chief
Investment Officer, VP Pension & Investments
• Los Angeles County Employees’ Retirement Association – Lisa Mazzocco, Chief
Investment Officer
• State of Ohio – Honorable Kevin L. Boyce, State Treasurer
9:00 AM – 9:15 AM BREAK
CONCURRENT SESSIONS -
TOPICAL
SESSION 1: CHANGE = OPPORTUNITY – Uncovering Opportunities in a Changing
Garden Room Economy
As we continue to face unprecedented economic times, what impact will shifts and
regulatory changes have on emerging managers? How will emerging managers
effectively reach and communicate their track record and investment focus to the plan
sponsor community? What opportunities are emerging out of adversity, and how can
firms best position themselves to capitalize on the changing environment?
Moderator:
Palladium Equity Partners, LLC – Marcos A. Rodriguez, Managing Director & Founder
9:15 AM – 10:15 AM
NEW POSSIBILITIES: Focused sessions and networking exchanges are designed to make
the most of your day. The first track of small group sessions provides an opportunity to
exchange best practices around investment strategies and operational issues, with the
second track focused on concurrent sector discussions.
Sponsored by:
Palladium Equity Partners,
LLC
Sponsored by:
Ariel Investments, LLC
Axel Capital Management, LLC
FIS Group, Inc.
MERCER
6/12/2009 8:56:34 AM 6 Produced by:
Speakers:
• Emerging Manager Monthly – Matt McCue, Editor
• Centinela Capital Partners, LLC – Robert Taylor, Founding Partner
• Los Angeles City Employees’ Retirement System – Moctesuma Esparza, Board
Member
• Orange County Employees’ Retirement System – Richard White, Board Member;
SACRS, President
• Virginia Retirement System – Robert Greene, Trustee
SESSION 2 GLOBAL MARKETS – From Europe, Africa, Asia and Beyond
George Room With unprecedented market shifts come unprecedented opportunities. And today,
many of the most promising investment opportunities are overseas. Our discussion will
focus on how investors are creating global portfolios—where they see opportunities in
emerging markets, how they evaluate options and balance their portfolio decisions.
Moderator:
Keyhaven Capital Partners Ltd. – Sasha van de Water, Managing Partner
Speakers:
• Asia Alternatives, LLC– Laure Wang, Co Founder and Managing Director
• Korea Investment Corporation – Sung Hwan Shin Ph.D., Steering Committee
Member
• Rensselaer Polytechnic Institute – Wale’ F. Adeosun, CFA, Treasurer & Chief
Investment Officer
SESSION 3 MANAGING ASSET ALLOCATIONS: The Denominator Factor
Cornelius Room With strong commitments to emerging managers and established allocations to various
sectors, many plan sponsors, foundations and endowments are facing difficult choices
as fund values shift. Navigating this new terrain represents a tremendous challenge, and
rare opportunity—and a move into unchartered issues. We’ll examine how the nation’s
top plan sponsors are addressing current and future asset allocations. And how a
growing number of investors are reshaping investment partnership agreements and
operating bylaws to address current and future market shifts.
Moderator:
ICV Capital Partners, LLC – Willie E. Woods, Jr. President & Co-Founder of ICV Partners
Speakers:
• Orange County Employees’ Retirement System – Steve Delaney, Chief
Executive Officer
• Teacher Retirement System of Texas – Lee Partridge, Deputy Chief Investment
Officer
• Wilshire Associates – Andrew Junkin CFA, CIMA, CAIA, Managing Director
10:15 AM – 10:45 AM BREAK
Sponsored by:
ICV Capital Partners,
LLC
Sponsored by:
Robinson Bradshaw & Hinson P.A.
Valencia Capital Management
Vintage Fund Management, LLC
Windward Capital Management
6/12/2009 8:56:34 AM 7 Produced by:
CONCURRENT SESSIONS
10:45 AM – 11:45 PM INDUSTRY SECTOR SESSIONS
SESSION 4 REAL ESTATE
Clyde Room Top investors focused on the real estate arena will offer candid perspectives on how and
where real estate is playing key role in their long and short-term investment strategies.
New opportunities are being pursued—learn more about what’s of interest, and what’s
to be avoided.
Moderator:
AVP Advisors, LLC – Mark Albertson, Managing Principal
Speakers:
• CalPERS – Laurie Weir, Portfolio Manager, CURE Program
• MetLife Real Estate – R. Lynn King-Tolliver, Director
• Teacher Retirement System of Texas – David Kelly, Board Member
• University of California, Office of the Treasurer of the Regents – Gloria Gil,
Managing Director, Alternative Investments
SESSION 5 PRIVATE EQUITY / VENTURE CAPITAL – How to manage and make shifts in volatile
Garden Room times
This long-favored asset class is undergoing shifts as capital requirements among private
equity and venture funds’ portfolio companies remain steady, yet liquidity events
remains elusive. New strategies, including investments in distressed assets, are being
explored. Learn how top players in the sector are navigating the new terrain.
Vista Equity Partners Moderator:
Vista Equity Partners – Martin Taylor - Operating Principal
Speakers:
• The Boeing Company – Elizabeth Allison Tulach, Senior Director, Alternative
Investments
• Banc of America Capital Access Funds – Matt HoganBruen, Managing Director
• JPMorgan Private Equity Group – Laureen Costa, Portfolio Manager
• Parish Capital Advisors, LLP – Tracy Harris, Director
• The Walt Disney Company – Michael William Johnson, Manager – Treasury
SESSION 6 HEDGE FUNDS – New Regulatory Climate and Post Madoff Era
George Room Changes are underway within the sector with plan sponsors requiring terms that reflect
the risks of hedge fund investing—and potential rewards—and a new, more stringent
regulator environment. Top pros representing the nation’s leading hedge funds and plan
sponsor representatives will come together for a lively discussion.
Moderator:
New Jersey State Investment Division – Erika Irish Brown, Board Member
Co-Sponsored by:
Banc of America Capital
Access Funds
JPMorgan Private Equity
Group
Vista Equity Partners
Co-Sponsored by:
PAAMCO®
NA Investcorp LLC
6/12/2009 8:56:34 AM 8 Produced by:
Speakers:
• Aksia Research & Management, LLC– Jacob Walthour Jr., Managing Director
Hedge Funds
• CalPERS – Brian Russell, Portfolio Manager, Absolute Return Strategies
• Hedge Fund Research, Inc. – Ken Heinz, President
• Howard University Endowment and Retirement Fund – Sidney H. Evans, Senior
Vice President and Chief Financial Officer-Treasurer
• NA Investcorp, LLC – Lofton Holder, Managing Director
• PAAMCO – Von Hughes, Managing Director
SESSION 7 PUBLIC EQUITY – Rebalancing with Traditional Asset Classes
Cornelius Room With current market levels, investments in publicly traded companies is offering
institutional investors an unmatched opportunity. Learn more about how some of the
nation’s largest plan nation’s largest plan sponsors are factoring in public equity investments as a key part of
their strategies.
Moderator:
Mar Vista Investment Partners, LLC – Silas A. Myers, Chief Executive Officer
Speakers:
• Employees' Retirement Fund of the City of Dallas – Cheryl Alston, Executive
Director
• Howard University Endowment and Retirement Fund – Gregory A. White,
Trustee
• Mercer Investment Consulting, Inc. – Kristin Finney-Cooke, Senior Consultant
• Texas Permanent School Fund – Rene Nunez, Board Member
12:00 PM – 1:15 PM
Ballroom POWER NETWORKING LUNCHEON
Introduction:
Capital Point Partners, LLC – Alfred Jackson, Partner
Luncheon Address:
UCLA Anderson Forecast - Edward E. Leamer, Ph.D, Director
1:15 PM – 1:45 PM DESSERT NETWORKING BREAK
Garden Room
Sponsored by:
Mar Vista
Investment
Partners, LLC
Sponsored by:
Angelo, Gordon & Co.
Hamilton Lane
HSBC Bank USA N. A.
Keyhaven Capital Partner Ltd.
TMS Capital
Vicente Capital Partners, LLC
Sponsored by:
Capital Point Partners, LLC
6/12/2009 8:56:34 AM 9 Produced by:
2:00 PM – 3:45 PM VIP CONNECT
Ballroom
Bringing together Value, Information and Partnership, our closing session (historically
called “Speed Networking”) puts plan sponsors, minority and emerging managers and
others face-to-face in productive, introductory meetings. Participants will benefit from
first-hand perspectives from the nation’s key and most active pension fund,
endowment, and foundation investors in small group session format that fosters candid
discussions and exchange.
3:45 PM CONCLUSION
Co-Sponsored by:
AllianceBernstein
Black Enterprise
Centinela Capital
Partners
Kennedy-Wilson, Inc.
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