Sunday, August 2nd, 2015
4:15 AM
Registration for Closed-Door Session Attendees

  • James Perry, Senior Investment Officer, SAN BERNARDINO COUNTY EMPLOYEES RETIREMENT ASSOCIATION
  • Michael Dieschbourg, Board Member, INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION, Managing Director, BROADMARK ASSET MANAGEMENT, LLC
  • Charles Seal, Investment Committee Member, GREATER CINCINNATI FOUNDATION
4:15 AM
Day 1 Closed-Door Breakfast Discussion for Foundation & Endowment Investors
New for 2012, closed-door sessions will offer institutional investor attendees a confidential peer-to-peer open discussion forum to freely converse about issues at the top of their agenda. Closed-door sessions are strictly reserved for institutional investors, with Day 1's discussion reserved for foundation and endowment investors*, ensuring the topics covered are specific to the unique concerns of this sector of investors. * This session is strictly reserved for qualifying investors. Please confirm your registration by emailing Gina Dzurenda at gdzurenda@imn.org.
The following sessions are part of a joint Spring Investment Series plenary session for IMN's 17th Annual Public Funds Summit, 10th Annual Alternative Investments Summit and 7th Annual Foundations & Endowments Summit

8:10 AM
Continental Breakfast and Registration for General Session Attendees

4:15 AM
Welcome to the 2012 Spring Investment Series from:


  • Tim Bailey, Vice President and Conference Producer, INFORMATION MANAGEMENT NETWORK
4:15 AM
Co-Chairpersons' Opening Remarks

4:15 AM
Keynote Presentation

  • James Dunn, Vice President and Chief Investment Officer, WAKE FOREST UNIVERSITY
4:15 AM
Alternative Investment Opportunities in a Dislocated World

  • Jennifer Bridwell, Managing Director, PIMCO
10:05 AM
Networking Refreshment Break

4:15 AM
Rising Stars of Public Funds Roundtable
A panel bringing together several of the Rising Stars of Public Funds award recipients from the Public Pension Fund Awards for Excellence. Panelists discuss their achievements over the past year, give their thoughts on the current market conditions and forecast for 2012, and review the investment strategies and management techniques they have employed to manage through the volatile economic environment. The session offers a unique opportunity to hear from future industry leaders on their investment/management techniques and accomplishments.

  • Eileen Neill, Managing Director, WILSHIRE ASSOCIATES INCORPORATED (Moderator)
  • Christopher Schelling, Director, Absolute and Real Return Assets, KENTUCKY RETIREMENT SYSTEMS
  • Linsey Schoemehl, General Counsel/Chief Compliance Officer, ILLINOIS STATE BOARD OF INVESTMENT
  • Scott Chan, Deputy Chief Investment Officer, SACRAMENTO COUNTY EMPLOYEES' RETIREMENT SYSTEM (SCERS)
  • Jason MacDonald, Sr. Portfolio Manager - Private Markets, NEW JERSEY DIVISION OF INVESTMENT
  • Derek Drummond, Fund of Fund Analyst, STATE OF WISCONSIN INVESTMENT BOARD
4:15 AM
Investing in Today’s Market Environment
Heightened volatility and frequent regime shifts have highlighted the need for instituational investors to re-evaluate portfolio construction. Risk budgeting has quickly become an increasingly important area of focus for many institutional investors who seek to ensure that their portfolios are truly positioned to meet their investment objectives. This panel examines portfolio construction and risk budgeting, including a particular focus on the risk parity approach to investing. The panel also looks at other asset allocation strategies investors are employing in the current market conditions, and considers how investors should look to view their portfolio and investment objectives in the midst of volatility.

  • James Perry, Senior Investment Officer, SAN BERNARDINO COUNTY EMPLOYEES RETIREMENT ASSOCIATION (Moderator)
  • Edward Qian, Chief Investment Officer and Head of Research, Multi Asset, PANAGORA ASSET MANAGEMENT
  • Daniel Janis, Senior Managing Director & Senior Portfolio Manager, MANULIFE ASSET MANAGEMENT
  • Jason Gerlach, President, CALIFORNIA HEDGE FUND ASSOCIATION (CHFA)
  • Erik Ogard, Director, Multi-Strategy Solutions, RUSSELL INVESTMENTS
4:15 AM
Networking Luncheon

4:15 AM
Networking Luncheon Concludes; Breakout Tracks Begin
10th Annual Alternative Investments Summit Sessions

4:15 AM
10th Annual Alternative Investments Summit Chairperson's Introduction

  • Michael Dieschbourg, Board Member, INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION, Managing Director, BROADMARK ASSET MANAGEMENT, LLC
4:15 AM
Evaluating Investment Operations and Alternative Trends
Institutions frequently look to their industry peers when evaluating the latest trends in alternative investments. Investment committees, officers and trustees must perform the necessary due diligence in evaluating alternative asset classes. This session looks at the latest alternative investment trends, but also how institutions can look to their peers to bolster internal operations to evaluate investments. What are the best practices and what is best governance? What can investors do internally to process information better, and allocate resources? What benchmarks should alternative investors utilize? This panel is designed for audience members to take away a greater understanding of how larger institutions are organized to evaluate alternative investments within their portfolios.

  • Keith Black, Managing Director, Curriculum and Exams, CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION (CAIA) (Moderator)
  • Marc Friedberg, Managing Director, WILSHIRE PRIVATE MARKETS
  • David Fann, President & CEO, TORREYCOVE CAPITAL
  • Andrew Malk, Partner, MALK SUSTAINABILITY PARTNERS
4:15 AM
Life After Facebook: Emerging Marketplaces for Private Company Shares
Widespread media attention to booming technology companies such as Facebook and Twitter, and their potential IPOs, has increased the level of interest in secondary markets. This panel examines the rise of secondary markets to consider their long-term impact on financial markets, trading practices and investment opportunities. What do late-stage growth companies value about secondary markets? How should institutional investors think about these types of emerging marketplaces in their overall asset allocation strategy?

  • Arie Abecassis, Senior Vice President, SECONDMARKET, INC. (Moderator)
  • Leo de Luna, Principal, SPLIT ROCK PARTNERS
  • Sumeet Jain, Partner, CMEA CAPITAL
  • Brian DiLaura, Managing Director, ATLAS PEAK CAPITAL
  • Mike Jung, Managing Director, PANORAMA CAPITAL
3:00 PM
Networking Refreshment Break

4:15 AM
Trading Strategies to Hedge Central Bank Intervention

  • Victor Sperandeo, President and CEO, ALPHA FINANCIAL TECHNOLOGIES, LLC
4:15 AM
Registering Hedge Funds
Registering hedge funds with the SEC is increasingly popular, due to advantages gained by increased visibility to investors and transparency. This panel outlines the benefits of registering a hedge fund, or creating a registered hedge fund, and explains how this can be done. The panel examines turnkey solutions, designed to offer money managers a cost-effective and one-stop solution to start and service a registered hedge fund.

  • Lonnie Macdonald, President, JD CLARK & COMPANY, A DIVISION OF UMB FUND SERVICES (Moderator)
  • Todd Cipperman, Founding Principal, THE CIPPERMAN COMPANIES
  • Tony Fischer, SVP, Business Development, JD CLARK & COMPANY, A DIVISION OF UMB FUND SERVICES
  • Victor Fontana, President & CEO, REGISTERED FUND SOLUTIONS, LLC
4:15 AM
Considering Risk in an Institutional Portfolio
With spending obligations to be met and the continual after-effects of the 2008 financial crisis still evident, many institutional investors are sticking to risk-averse strategies such as fixed income and liability-hedging investments. But is there room in the institutional portfolio for more risk? What are the potential advantages versus the potential downsides? How should investors utilize hedge funds when hedging market risk? And what strategies or tools can institutional investors employ to manage risk effectively within their portfolio?

  • Shelly Heier, President & COO, Senior Consultant, WURTS & ASSOCIATES (Moderator)
  • Jim Pritchard, Managing Director, SWAN WEALTH ADVISORS
  • John Shearman, CEO, IV LIONS LLC
  • Michael Dieschbourg, Board Member, INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION, Managing Director, BROADMARK ASSET MANAGEMENT, LLC
  • Doug Meltzer, Managing Partner, SAGENT CAPITAL MANAGEMENT
4:15 AM
Real Estate Investment
Real estate investment continues to form a sizable portion of many alternative investment portfolios. This panel examines the current market conditions and explores where institutional investors can find the best opportunities. Where are the best rates of return? What is the risk involved in the asset class? Are there distressed opportunities worth considering?

  • Eric Petroff, Founder, PETROFF INSTITUTIONAL (Moderator)
  • Ben Blakney, Managing Director, COURTLAND PARTNERS, LTD.
  • Derek Williams, Director, Private Real Estate, RUSSELL INVESTMENTS
  • Larry Steinberg, Financial Quarterback, FINANCIAL ARCHITECTS
6:00 PM
Networking Cocktail Reception

7:00 AM
Day One Concludes

Sunday, August 2nd, 2015
4:15 AM
Registration for Closed-Door Session Attendees

4:15 AM
Day 2 Closed-Door Breakfast Discussion for Public Pension Funds
New for 2012, closed-door sessions will offer institutional investor attendees a confidential peer-to-peer open discussion forum to freely converse about issues at the top of their agenda. Closed-door sessions are strictly reserved for institutional investors, with Day 2's discussion reserved for public pension funds*, ensuring the topics covered are specific to the unique concerns of this sector of investors. * This session is strictly reserved for qualifying investors. Please confirm your registration by emailing Gina Dzurenda at gdzurenda@imn.org.
10th Annual Alternative Investments Summit Sessions

4:15 AM
Continental Breakfast and Registration for General Session Attendees

4:15 AM
Chairperson's Recap

  • Michael Dieschbourg, Board Member, INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION, Managing Director, BROADMARK ASSET MANAGEMENT, LLC
4:15 AM
Business and Consumer Credit Origination in a Web 2.0 World
Access to alternative forms of business and consumer credit has benefited from a groundswell of new technology enabled companies. Our panelists are all leaders in a burgeoning pocket of the lending industry. Their companies have stepped in where traditional sources of credit have fallen short. As broad adoption of these new solutions take market share from incumbents, opportunities for investment in these new markets has opened for institutional investors.

  • Bill Siegel, Senior Vice President, SECONDMARKET (Moderator)
  • Jeff McCarthy, Managing Director, LENDING CLUB ADVISORS
  • Noah Breslow, CEO, ON DECK CAPITAL
  • Kathryn Petralia, COO, Co-Founder, KABBAGE
4:15 AM
Global Economic Analysis: The Eurozone Crisis and Beyond
The European sovereign debt crisis and a wave of downgrading of European government debt has led to turmoil in the global financial markets. Investor worries about 'Eurozone contagion' and the ability of the region to support or bail-out individual countries continues to have profound effects across the globe. Panelists discuss the impact of the Eurozone crisis on institutional investors, and the global economy as a whole. Meanwhile the Middle East grapples with political instability and upheaval, growing economies such as China and India continue to attract investor attention, and changing global demographics point to challenges and opportunities ahead. How should institutional investors deal with global volatility, and what is on the horizon in 2012 and beyond?

  • Vinny Catalano, President & Global Investment Strategist, BLUE MARBLE RESEARCH (Moderator)
  • Frank Linden, Senior Risk Management Officer, Multilateral Investment Guarantee Agency, WORLD BANK GROUP
  • Ulf Nofelt, Managing Director, UNCONSULTING
  • Larry Steinberg, Financial Quarterback, FINANCIAL ARCHITECTS
4:15 AM
Networking Refreshment Break
The following sessions are part of a joint Spring Investment Series plenary session for IMN's 17th Annual Public Funds Summit, 10th Annual Alternative Investments Summit and 7th Annual Foundations & Endowments Summit

4:15 AM
Technopolis Phenomenon 2.0: Trends in Technology, Innovation and Public-Private Partnership
Join sociologist Jim Brazell for an analysis of the structure and strategy of technology, how innovation works to transform economies and the story of next generation global high technology regions, including San Diego, CA, Central Florida, Washington D.C., South Korea and Finland.

  • Jim Brazell, , TECHNOLOGY FORECASTER AND STRATEGIST
4:15 AM
Securities Lending and Collateral Management
Some institutional investors have securities lending programs in place, while others are looking to enter the space. Collateral management is also taking a larger role for investors as OTC derivatives become centrally cleared. This panel reviews the current state of the securities lending and collateral management landscapes, and what may lie on the horizon in 2012. The panel will also consider current research into these markets and industry best practices for selecting service providers and collateral investment options.

  • Anthony Toscano, Managing Director Head of US Trading, DEUTSCHE BANK
  • Josh Galper, Managing Principal, FINADIUM LLC
12:00 AM
Behavioral Dynamics in Investment Decisions
There is a renewed interest in behavioral finance following the 2008 financial crisis and subsequent recession, with industry and mainstream interest in the cognitive and emotional influences affecting investment decisions. This panel explores and explains the concepts of behavioral finance, and how these concepts apply to pension funds, foundations, endowments, and the markets on the whole. Can a greater awareness of behavioral finance lead to smarter investment decisions, the ability to predict bubbles, crashes, prices, returns and trends, and offer greater understanding of why and how systematic errors occur?

  • Karyn Williams, Managing Director & Principal, WILSHIRE ASSOCIATES INCORPORATED (Moderator)
  • Rajeev Narang, Portfolio Manager, CITI CAPITAL ADVISORS
  • Matthew Reckamp, Principal, MERCER
  • Michael Underhill, Chief Investment Officer, CAPITAL INNOVATIONS, LLC
4:15 AM
The Impact of Financial Innovation on Markets and Investors
Innovations in financial technology and high-frequency trading have significantly changed market structures and how securities are traded. Private investors have access to more sophisticated tools than ever before, and the impact of social media is beginning to be felt within the financial world. Meanwhile information now flows around the globe at rapid speeds; market volatility is headline news within seconds, and 24-hour news coverage keeps the spotlight on the industry at all times. But critics argue that many of the innovations shaping the industry are contributing to economic unrest, pointing to occurrences such as a the 2010 'Flash Crash' as evidence. And in an increasingly competitive and changing media landscape, financial news sources have been accused of exacerbating volatility with hyperbolic headlines and erroneous reports. What is the long-term impact of innovation on the financial markets, and how does this affect investors?

  • Jim Brazell, , TECHNOLOGY FORECASTER AND STRATEGIST (Moderator)
  • Vinny Catalano, President & Global Investment Strategist, BLUE MARBLE RESEARCH
  • Jerry Davis, Principal, AMERICAN PENSION PROFESSIONALS
  • Ganesh Mani, Adjunct Faculty, CARNEGIE MELLON UNIVERSITY
4:15 AM
Conference Concludes

Event Contacts
Managing Director
Andy Melvin
(212) 901-0542
amelvin@imn.org
Head of Conference Coordination
Jill Rockett
(212) 901-1897
jrockett@imn.org
Marketing Manager
Matt Gessel
(212) 224-3024
mgessel@imn.org
Venue
Park Hyatt Aviara

Phone: 1 (760) 603-6800
Fax: 1 (760) 603-6801
Website: http://www.parkaviara.hyatt.com

7100 Four Seasons Point
Carlsbad, CA, 92011
USA


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