Friday, July 3rd, 2015
7:39 PM
Continental Breakfast and Registration Begins / Exhibit Hall Opens
The following sessions are part of a joint plenary session for IMN's 16th Annual Public Funds Summit, 3rd Annual Distressed Investment Summit,
7:39 PM
Welcome From:
Cheryl Johnson Watts, Senior Vice President and Conference Producer, INFORMATION MANAGEMENT NETWORK Tim Bailey, Conference Producer, INFORMATION MANAGEMENT NETWORK

7:39 PM
Chairpersons' Opening Remarks

SPEAKERS:

  • Rene Nunez, Chairman (TEXAS PERMANENT SCHOOL FUND)
  • Karyn Williams, Managing Director & Principal (WILSHIRE ASSOCIATES INCORPORATED)
7:39 PM
KEYNOTE ADDRESS - THE GLOBAL CREDIT MARKETS
• European Credit Crisis, Sovereign & Financials Opportunity • High-Yield Market, Investment Outlook • Structured Credit Market • Macro developments that influence the credit markets

SPEAKERS:

  • Bruce Richards, CEO & President (MARATHON ASSET MANAGEMENT)
9:10 AM
SPECIAL PRESENTATION

SPEAKERS:

  • John Cavalieri, Executive Vice President (PIMCO)
7:39 PM
GENERATING POWER, GENERATING RETURNS: THE INVESTMENT IMPLICATIONS OF THE ENERGY DILEMMA
Despite much media attention to energy conservation and alternative sources, the only constant in our country’s relationship to energy usage is a continually increasing upward trend line in consumption. The financial markets surrounding existing and new sources of energy have evolved tremendously and demand the attention of consumers, investors and legislators alike. This session will provide an overview of both the search for energy and the investment opportunities available to the institutional investor seeking to participate in this macro theme.

SPEAKERS:

  • Keith Black, Managing Director, Curriculum and Exams (CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION (CAIA))
  • Charles Schultz, Development Director (LOCAL POWER)
  • Michael Hammons, Partner (SAIL VENTURE PARTNERS)
  • Abel Mojica, Head of Corporate Development (TORTOISE CAPITAL ADVISORS)
7:39 PM
Networking Refreshment Break
9th Annual California Municipal Finance Conference Sessions
7:39 PM
CALIFORNIA’S ECONOMY: CONTINUING BUDGET CRISIS AND ELECTORAL IMPACT
With November 2010’s elections came new leadership at the state, local and national levels. How will the changes in the electoral landscape affect California, and what can be expected from government to address the continuing fiscal crisis? Experts give their thoughts on the state of California’s economy, and what progress can be expected in the coming years.

SPEAKERS:

  • Stanton Hazelroth, Executive Director (CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK)
  • John Decker, Fiscal Advisor to State Treasurer Bill Lockyer (CALIFORNIA STATE TREASURER’S OFFICE)
  • Jed Kolko, Associate Director and Research Fellow (PUBLIC POLICY INSTITUTE OF CALIFORNIA )
  • Robert Stern, President (CENTER FOR GOVERNMENTAL STUDIES)
  • David Crane, Former Special Advisor to the Governor for Jobs and Economic Growth (STATE OF CALIFORNIA)
  • Jean Ross, Executive Director (CALIFORNIA BUDGET PROJECT)
7:39 PM
CALIFORNIA'S LONGER-TERM FISCAL PICTURE: IMPLICATIONS FOR BONDS

SPEAKERS:

  • Michael Genest, Founder, CAPITOL MATRIX CONSULTING, former Director of Finance (STATE OF CALIFORNIA)
7:39 PM
ASSET MONETIZATION: PRUDENT STRATEGY OR SHORT-TERM BAND-AID?
In the midst of a fiscal crisis, municipalities are looking into the sale of public facilities to generate revenue. Assets including parking garages, water facilities and offices are among those being considered for sale/lease-back arrangements, with the Golden State Portfolio a prime example. How can municipalities be assured of maximizing the benefit of these transactions, and what are the short and long-term prospects for converting public facilities into a reliable revenue stream?

SPEAKERS:

  • Richard Little, Director (KESTON INSTITUTE FOR PUBLIC FINANCE AND INFRASTRUCTURE POLICY)
  • John Stoecker, Financial Advisor (CALIFORNIA MUNICIPAL FINANCE AUTHORITY)
  • Natalie Brill, Chief of Debt Management (CITY OF LOS ANGELES)
  • Lois Scott, President (SCOTT BALICE STRATEGIES, LLC)
1:00 PM
Networking Luncheon
2:00 PM
Chairperson's Recap
2:05 AM
BUILD AMERICA BONDS: REVIEW AND FUTURE PROSPECTS
Congress did not extend the Build America Bonds scheme, which ended at the close of 2010, yet the program’s popularity led to many calls to prolong BABs beyond their original expiration date. This panel examines the reasons for the popularity and success of the scheme, while considering any caveats. The panel will then consider the future for BABs, and ask whether a return for the program could be on the cards.

SPEAKERS:

  • John Deleray, Vice President (WELLS FARGO CORPORATE TRUST)
  • Deborah Ruane, Vice President, Real Estate Department (SAN DIEGO HOUSING COMMISSION)
  • Brian Thomas, Former Assistant General Manager & Chief Financial Officer (METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA)
  • Brian Mayhew, Chief Financial Officer (BAY AREA TOLL AUTHORITY)
3:10 AM
CREDIT RATINGS: RECENT CHANGES AND 2011 OUTLOOK
Following the economic crisis, some rating agencies have revised their practices and updated their methodology for rating state governments and municipal bonds. This session will review the recent changes within the ratings industry, and how they may impact public finance within California at the state and local level. The panel will also examine current credit markets in California, and a national perspective.

SPEAKERS:

  • Joseph Fichera, Senior Managing Director & Chief Executive Officer (SABER PARTNERS, LLC)
  • Steven Zimmermann, Managing Director (STANDARD & POOR'S)
  • Lori Raineri, President (GOVERNMENT FINANCIAL STRATEGIES INC.)
  • Gail Sussman, Managing Director – U.S. Public Finance (MOODY'S INVESTORS SERVICE)
7:39 PM
Networking Refreshment Break
7:39 PM
LOCAL GOVERNMENT ROUNDTABLE: STRATEGIES TO SURVIVE AND SUCCEED IN THE MIDST OF THE FISCAL CRISIS
Representatives from local government authorities discuss the current market conditions, and the approach taken across California to cope during a crippling budgetary crisis. What are the areas in the most pressing need of investment or development? How are municipalities dealing with outdated infrastructure and water crises? And what tactics can be employed by government decision-makers to cope with continuing budgetary cuts?

SPEAKERS:

  • Jake Bayham, Program Manager (CALIFORNIA COMMUNITIES / U.S. COMMUNITIES)
  • Keith Curry, Council Member (CITY OF NEWPORT BEACH)
  • Dennis Coleman, Finance Director/Treasurer (CITY OF SOLANA BEACH (CA))
  • John Filan, Vice President (DEVELOPMENT SPECIALISTS, INC)
  • Charles Schultz, Development Director (LOCAL POWER)
7:39 PM
SPOTLIGHT ON EDUCATION: ANALYSIS OF K-12 PUBLIC SCHOOL EXPENDITURE
The Davenport Institute at the Pepperdine University School of Public Policy has released a report analyzing the expenditure patterns of over 950 K-12 public school districts in California. The report provides a five year time series look at operational spending by each of the school districts, as well as summary statewide spending patterns. The report analyzes the wide variation between school districts with regard to such things as student-teacher ratios and expenditures for administrative functions, as well as the huge disparities between districts in revenue apportionment. It is already informing the political debate in Sacramento over state and local public finances in California. The authors of the report, Steven B. Frates and Michael A. Shires, will provide an overview of key findings and answer audience questions.

SPEAKERS:

  • Steven Frates, President, CENTER FOR GOVERNMENT ANALYSIS, Director of Research (DAVENPORT INSTITUTE AT PEPPERDINE UNIVERSITY, SCHOOL OF PUBLIC POLICY)
  • Michael Shires, Associate Professor (PEPPERDINE UNIVERSITY, SCHOOL OF PUBLIC POLICY)
6:00 PM
Networking Cocktail Reception
7:00 AM
Day One Concludes
Friday, July 3rd, 2015
7:39 PM
Continental Breakfast and Registration
7:39 PM
Chairpersons’ Recap
7:39 PM
THE ROLE PLAYED BY PUBLIC PRIVATE PARTNERSHIPS IN MUNICIPAL FINANCE STRATEGY
A look at how infrastructure projects, community revitalization and investment opportunities can be strengthened with public private partnerships, a key feature in former Governor Arnold Schwarzenegger’s economic policy. Featuring case studies, including Caltrans’ public private partnerships to develop roads, bridges, tunnels and other transit projects, plus an overall view, the panel will examine what role private sector investment can play in local government strategy.

SPEAKERS:

  • Andrew Kingman, Chief Financial Officer (POSEIDON RESOURCES CORPORATION)
  • Dale Bonner, Former Secretary of the Business, Transportation & Housing Agency (STATE OF CALIFORNIA)
  • Frank Zerunyan, Adjunct Associate Professor (UNIVERSITY OF SOUTHERN CALIFORNIA, SCHOOL OF POLICY, PLANNING AND DEVELOPMENT)
  • Mark Pisano, Senior Fellow (UNIVERSITY OF SOUTHERN CALIFORNIA, SCHOOL OF POLICY, PLANNING AND DEVELOPMENT)
7:39 PM
TAX-EXEMPT BONDS AND REGULATORY UPDATE
An examination of the tax-exempt bond market; with a look at traditional tax-exempt bonds, and those included as part of the American Recovery and Reinvestment Act. With investor demand still high for tax-exempt bonds, what tips can issuers take from the market, and how does the tax-exempt market compare to taxable bonds such as the popular Build America Bonds program? In addition, with wide-ranging regulatory changes to U.S. financial markets on the cards following a period of severe economic downturn, what are the implications for tax-exempt bonds, and what further legislative changes can be expected in the year ahead? What other key legislative changes should municipal finance issuers and investors be aware of? Our panel examines the state of the market in 2011, and analyzes recent regulatory changes.

SPEAKERS:

  • Larry Kosmont, President & CEO (KOSMONT COMPANIES)
  • Sean Spear, Executive Director (CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE)
  • Todd Mitchell, Group Manager, Tax Exempt Bonds Group (INTERNAL REVENUE SERVICE)
  • Paul Greaves, Managing Editor, Municipal Bond Team (DEBTWIRE)
10:00 AM
Networking Refreshment Break
The following sessions are part of a joint plenary session for IMN's 16th Annual Public Funds Summit, 3rd Annual Distressed Investment Summit,
7:39 PM
THE INCLUSION OF FILM IN THE INSTITUTIONAL PORTFOLIO
As the entertainment industry continues to thrive in the global economy, opportunities in film investment continue to evolve. Independent filmmakers and long established film studios alike are being included in the institutional portfolio. This session will review the variety of ways institutional investors are accessing returns while watching the box office.

SPEAKERS:

  • Janice Arrington, Film Commissioner (ORANGE COUNTY FILM COMMISSION)
  • Richard Reiner, President (SHOOTING STAR PICTURES)
  • Morris Ruskin, CEO (SHORELINE ENTERTAINMENT)
11:00 AM
THE DB vs. DC DEBATE AND THE IMPLICATIONS FOR STATE BUDGETS
As the current market causes many Defined Contribution recipients to question the value of their retirement plans; many city, state and local governments are concerned for their ability to fulfill Defined Benefit pension obligations. Does the current economic crisis add another layer to the Defined Benefit / Defined Contribution debate? In this session pension leadership, government officials and advocacy groups will share their perspective on how pensions can gather the information they need to decide what is best for their plan.

SPEAKERS:

  • Steven Shaw, Former Vice Chairman - Board of Trustees (DALLAS POLICE & FIRE PENSION SYSTEM)
  • John Filan, Vice President (DEVELOPMENT SPECIALISTS, INC)
  • Hank Kim, Executive Director and Counsel (NCPERS)
  • Eric Hoffmann, Senior Vice President (MOODY'S INVESTORS SERVICE)
  • Joe Nation, Professor of the Practice of Public Policy (STANFORD UNIVERSITY)
12:00 AM
IMN’s 9th Annual California Municipal Finance 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
Venue
Hyatt Regency Huntington Beach Resort & Spa

Phone: 714-698-1234
Website: http://huntingtonbeach.hyatt.com

21500 Pacific Coast Highway
Huntington Beach, CA, 92648
USA


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