sacrs spring conference sacrs spring conference
Transcription
sacrs spring conference sacrs spring conference
RE TO GIS DA TE Y! R SACRS SPRING CONFERENCE MAY 10 - 13, 2016 | THE WESTIN SOUTH COAST PLAZA | COSTA MESA, CA PRELIMINARY AGENDA TUESDAY, MAY 10, 2016 WEDNESDAY, CONTINUED 1:00PM - 6:30PM | Registration 10:00AM - 10:30AM | Networking Break 3:00PM - 5:00PM | Breakout Sessions • Post-traumatic Stress Disorder (PTSD) and Disability 10:30AM - 11:30AM | General Session One of the most disabling anxiety disorders that individuals suffer with is a mental condition referred to as PTSD. It was first brought to public attention by war veterans, but it can result from any number of traumatic incidents including assault, domestic abuse, trauma from terrorism, and natural disasters. What causes PTSD? What are the Myths and Facts about PTSD? Attend this informative session to have these questions answered and more. Dr. Perry Maloff • Ethics Annual Ethics Certification Ashley Dunning & Michael Toumanoff, Nossman LLP Honorable Henry Cisneros 11:40AM - 12:40PM | General Session Risk Management Techniques to Improve Investor Outcomes How will your portfolio perform in the next crisis? How will it make money in a rising rate environment? How will it fair in choppy/volatile markets driven by geo political and economic growth uncertainty? This session will seek to define risk and how decision makers should think about it to optimize investment outcomes. The uncertainties faced by the world and the capital markets today speak to the timeliness of this topic. Jeff MacLean, Verus Investment Consulting •T he Impact (Pros and Cons) of Personal Mobile Devices in the Workplace Ready or not, the use of mobile electronic devices such as smartphones and tablets is steadily becoming the norm in most workplaces. By 2017 it is expected that the number of people globally who will bring and use a smartphone or tablet for work will reach 328 million. This session will explore this phenomenon and provide an overview of the practical and legal challenges associated with this practice, such as security, privacy, litigation, and compliance with open meeting and public record laws. Jeffrey MacLean Chief Executive Officer, Verus Michael D. Herrera, Los Angeles CERA 5:30PM - 7:00PM | SACRS Welcome Reception WEDNESDAY, MAY 11, 2016 6:45AM - 7:45AM | SACRS Yoga Mr. MacLean joined Verus (previously known as Wurts & Associates) in 1992 and is primarily responsible for managing the firm and providing investment advice to several clients. He has over 25 years of investment and consulting experience, working with all asset classes for a range of clients including corporate defined benefit plans, public institutions, multi-employer trusts, endowments, and foundations. He also chairs the firm’s management committee and is a member of the alternative investments committee. 7:15AM - 8:15AM | Breakfast 7:30AM - 5:00PM | Registration 8:30AM - 9:00AM | General Session Welcome & Awards Honor Guard, Singer, Pledge, San Bernardino Memoriam Yves Chery, SACRS President, Honor Guard, Macy Lites Marvin Adams, Los Angeles CERA, Greg Devereaux, San Bernardino County 9:00AM - 10:00AM | General Session Global Economic Update and Investment Implications Mr. Paulsen will share his views on the U.S. and global economies and outlook for the capital markets. James Paulsen, Wells Capital Management 12:40PM - 1:50PM | Lunch 2:00PM - 5:00PM | Breakout Sessions • Ops/Benefits • Administrators • Affiliate • Investment • Attorney • Trustee • Disability • Safety • Internal Auditors 4:30PM - 5:30PM | Legislative Committee Meeting Richard Stensrud, Legislative Chair 6:30PM - 10:00PM | Wednesday Event James Paulsen Chief Investment Strategist, Wells Capital Management Mr. Paulsen is the chief investment strategist at Wells Capital Management. He is internationally recognized for his views on the economy and he frequently appears on financial television outlets such as CNBC and Bloomberg TV in addition to being quoted prolifically in major financial publications and web outlets. Enjoy an evening with friends...reception, dinner and entertainment for all registered conference attendees. This event is included in the “official conference day”. SACRS SPRING CONFERENCE THURSDAY, MAY 12, 2016 THURSDAY, CONTINUED 6:45AM - 7:45AM | SACRS 5K Fun Run/Walk 3:40PM - 4:40PM | Concurrent Sessions 7:15AM - 8:15AM | Breakfast 7:30AM - 5:00PM | Registration 8:30AM - 9:00AM | General Session Welcome & Awards Yves Chery, SACRS President 9:00AM - 10:00AM | General Session Troy Simmons, Nationwide Retirement Institute 10:00AM - 10:30AM | Networking Break 10:30AM - 11:30AM | General Session ILPA Panel Private Equity & Hedge Funds: Fee transparency, accountability, and standardized disclosures in agreement with general partner. Jennifer Choi, ILPA Kimberly Woods Private Equity Growth Capital Council 11:40AM - 12:40PM | General Session CIO Panel – Investment Wisdom for Volatile Markets Allan Martin will moderate our panel of investment experts as they share their perspectives on asset allocation and risk management in the face of increasingly volatile and stingy markets. We are planning for audience participation, so bring your questions to try to stump the experts! Tim Barrett, Texas Tech University System Jim Failor, Sonoma County CERA Rod June, Los Angeles CERS A Legislative Update Richard Stensrud, Legislative committee chair Mike Robson & Trent Smith, SACRS Lobbyist B Disability Lessons Learned from the City of Bell, California Corruption Scandal In 2010, the Los Angeles Times exposed one of the largest municipal corruption scandals in the United States in the City of Bell, California. In 2014, several former City of Bell officials, including the former mayor, city council members, city manager and assistant city manager were sentenced to prison and ordered to pay millions in restitution to the City of Bell. While the penalties brought justice to the city and its residents, the fact that such a massive corruption scandal occurred in a small city situated just miles from downtown Los Angeles begs a greater question: What could/should have been done to prevent it from happening in the first place? Michael Herrera, Los Angeles CERA Anthony R. Taylor, Aleshire & Wynder, LLP C When Do Consultants Agree to See the Markets Differently? Ed Hoffman, Verus Leo Festino, Meketa David Sancewich, PCA 4:30PM - 5:30PM | Education Committee Meeting Christie Porter, Education Committee Chair 5:30PM - 6:30PM | SACRS Reception FRIDAY, MAY 13, 2016 12:40PM - 2:00PM | Lunch 7:15AM - 8:15AM | Breakfast 2:00PM - 3:00PM | Concurrent Sessions 8:30AM - 8:45AM | General Session Welcome A Having Your Cake and Eating It Too: Add a pinch of this to your portfolio recipe to cope with market indigestion. Since the Great Financial Crisis, many plan sponsors and consultants have worked hard to come up with different ingredients to add to their asset allocations to help mitigate the impact of significant equity market volatility. Our panelists/pastry chefs will discuss different recipes for baking the optimally risk-adjusted portfolio to protect plan assets, to preserve short term liquidity and to produce long-term positive gains. Tim Price, Contra Costa CERA Don Pierce, San Bernardino CERA John Linder, PCA B Capitalizing on the Current Investment Environment for Real Estate What is commercial real estate’s role in today’s uncertain, low-yield environment? How does real estate’s hybrid nature benefit a multi asset portfolio? Is now the time to be making out-sized gains or minimizing risk? What key investment decisions should your plan be making right now? Yves Chery, SACRS President 8:45AM - 9:45AM | General Session How You Can Use Research to Win in Life (and Improve Customer Care) Best practices of 3 systems, garner new ideas that impact all system. John Nienstedt, Competitive Edge Research & Communications, Inc, Steve Delaney, Orange CERA Gary Amelio, San Bernardino CERA 9:45AM - 10:00AM | Break 10:00AM - Adjournment | Business Meeting SACRS Board of Directors Upon Adjournment | SACRS Post Con Chris Macke, American Realty Advisors C Pension Reboot: The Capital of Silicon Valley Hits CTRL-ALT-DEL Harvey Leiderman, Reed Smith Sean Kaldor, San Jose Fire Fighters, IAFF Local 230 3:00PM - 3:30PM | Networking Break Check the website for updates. FEATURED SPEAKERS Henry Cisneros Ashley Dunning CityView Nossaman, LLP Henry Cisneros co-chairs BPC’s Housing Commission, Immigration Task Force, and Senior Health and Housing Task Force. He served as the secretary of the Department of Housing and Urban Development (HUD) in President Bill Clinton’s administration. Cisneros was credited with initiating the revitalization of many of the nation’s public housing developments and formulating policies which contributed to achieving the nation’s highest ever homeownership rate. He is currently executive chairman of the CityView companies, which work with urban homebuilders to create homes priced within the range of average families. Cisneros was elected mayor of San Antonio, Texas in 1981, becoming the first Hispanic-American mayor of a major U.S. city. During his four terms as mayor, he helped rebuild the city’s economic base and spurred the creation of jobs through massive infrastructure and downtown improvements. He was selected as the “Outstanding Mayor” in the nation by City and State Magazine in 1986. Ms. Dunning is a partner with the national law firm, Nossaman, LLP. She specializes in representing trustees, public entities and their boards, and nonprofit organizations, in resolving complex disputes and advising on issues involving fiduciary obligations and governance, as well as California’s public retirement, conflict of interest, open meetings, and public records laws. She appears regularly before boards and in court proceedings throughout California on these issues. Ms. Dunning also provides training on these topics to clients and at conferences throughout the country. Ms. Dunning presently serves as fiduciary, investment and/ or litigation counsel for numerous 1937 Act and other public retirement systems in California. She also is general counsel to the Marin County Employees’ Retirement Association. Ms. Dunning is on the Program Committee of SACRS and presents regularly at SACRS conferences on various legal issues impacting public retirement systems and their boards and staff. She is Chair of the Fiduciary and Governance Section of the National Association of Public Pension Attorneys (NAPPA) and also presents regularly at NAPPA conferences, as well as at conferences and roundtables sponsored by the California Association of Public Retirement Systems (CalAPRS). Ms. Dunning is a member of the Board of Directors of Habitot Children’s Museum. Jennifer Choi Institutional Limited Partners Association (ILPA). As Managing Director of Industry Affairs for the Institutional Limited Partners Association (ILPA), Jennifer Choi directs the association’s engagement with external industry stakeholders to inform and enhance ILPA’s education, research, membership and advocacy platforms. Ms. Choi also leads the implementation of ILPA’s responses to emerging issues impacting the asset class, including efforts to establish and promote industry best practices. Prior to joining the ILPA, Ms. Choi served as Vice President of Industry and External Affairs for the Emerging Markets Private Equity Association (EMPEA), where she led the association’s member and industry engagement activities, including efforts to encourage policy frameworks that support the growth of the asset class. As EMPEA’s Research Director, she built the industry’s first global database of private equity activity in the emerging markets. Previously, Ms. Choi was a consultant with Boston-based Stax Inc., leading due diligence engagements and providing advisory services for the U.S. private equity and venture capital industry. Harvey L. Leiderman, Partner Reed Smith, LLP Harvey Leiderman is a San Francisco-based partner in Reed Smith LLP, a global law firm. He serves as general, fiduciary, litigation and investment counsel to multiple state, county and city retirement systems in California and across the United States. He also has substantial experience in representing financial institutions and bondholders in complex bankruptcy reorganization cases and in creditors’ rights law, including in Chapter 9 proceedings for municipalities. Currently Harvey chairs the Funding Challenges Working Group for the National Association of Public Pension Attorneys (NAPPA), addressing the consequences of funding shortfalls on public employee pension funds and their plan sponsors. Jeffrey MacLean Chief Executive Officer, Verus Mr. MacLean joined Verus (previously known as Wurts & Associates) in 1992 and is primarily responsible for managing the firm and providing investment advice to several clients. He has over 25 years of investment and consulting experience, working with all asset classes for a range of clients including corporate defined benefit plans, public institutions, multi-employer trusts, endowments, and foundations. He also chairs the firm’s management committee and is a member of the alternative investments committee. SACRS SPRING CONFERENCE Christopher Macke Troy Simmons Managing Director, Research & Strategy Nationwide Retirement Institute Christopher Macke is American Realty Advisors’ Managing Director, Research and Strategy, responsible for leading the firm’s research efforts and working closely with the firm’s Investment and Portfolio Management Teams in developing investment analysis to support acquisitions and strategy implementation for its commingled funds. Mr. Macke also serves as a member of the firm’s Investment Committee. Prior to joining American, Mr. Macke was a Senior Research Strategist with CB Richard Ellis Global Research & Consulting as part of the firm’s macroeconomic, property market, and capital market outlook and strategy effort. Mr. Macke’s previous real estate experience includes working for large institutional investors such as G.E. Real Estate, providing investment strategy consulting services to large institutional investors such as CalPERS, and advising regulatory agencies, including the U.S. Federal Reserve and the U.S. Treasury Department. He is currently a contributor to the Federal Reserve’s Beige Book and a member of the PREA Research Advisory Council. John Nienstedt Competitive Edge Research & Communications, Inc Early in his career, John Nienstedt worked in local political campaigns, was an aide to a San Diego County Supervisor and managed a mammoth political phone center. He and a partner founded Competitive Edge Research & Communication, Inc. in 1987. John acquired sole ownership of the firm in 1991 and computerized the operation with predictive dialers in 1992. He expanded calling capacity in 1995 and again in 1998 when he purchased Competitive Edge’s current headquarters. John earned his master’s degree in political science with an emphasis in social science research, writing a thesis entitled, “A Practical Strategy for Predicting Voter Turnout in Pre-Election Polling.” In 2003, he launched the KPBS/Competitive Edge Research San Diego County Opinion Assessment, which took the monthly pulse of local residents. In 2007, Competitive Edge partnered with the San Diego Institute for Policy Research to conduct regular surveys of county residents. James Paulsen Chief Investment Strategist, Wells Capital Management Mr. Paulsen is the chief investment strategist at Wells Capital Management. He is internationally recognized for his views on the economy and he frequently appears on financial television outlets such as CNBC and Bloomberg TV in addition to being quoted prolifically in major financial publications and web outlets. Troy Simmons joined Nationwide in June 2011 with more than 20 years of financial industry experience. As a Vice President for the Retirement Institute, Troy is dedicated to educating advisors, clients, plan sponsors and plan participants about the latest in retirement income planning trends. He stimulates the thinking and actions of professionals as they navigate the changing world of retirement. Troy annually addresses thousands of financial professionals, clients and plan participants, and his sessions are customized to meet the needs of each group. Troy’s polished style,engaging message and proven ability as a business professional assures top-notch engagement. Troy’s responsibilities include the sale of immediate annuity products. These products can create unique income streams to help solve clients’ retirement needs. Prior to Nationwide, Troy worked as a Regional Vice President for AIG/American General in their Broker General Agent channel covering the West Region. He also spent over nine years at Allstate Financial, where he was most recently a Senior Vice President and Divisional Manager overseeing twelve wholesalers covering 26 states. Michel Tamayo Tamayo Group, Inc Michele Tamayo is President of The Tamayo Group, Inc., a consulting firm specializing in leadership and organizational performance. We are seasoned professionals with extensive experience in both the public and private sectors. As a no-nonsense, no-frills firm, we use practical strategies to help our clients achieve positive results. Michele has over 25 years consulting experience. She has worked with a wide variety of organizational cultures and with many different leadership styles. She uses a collaborative approach with clients to create innovative strategies that result in practical solutions. Michele has served on the faculties at San Diego State University, University of California, San Diego, and Miramar College. Her educational background includes an M.A. in Organizational Communication and a B.A. in Speech Communication and Public Relations, both from San Diego State University. She has a certificate in Intercultural Relations from Stanford University. FEATURED SPEAKERS Continued Anthony R. Taylor Aleshire & Wynder, LLP Anthony R. Taylor is a partner of Aleshire & Wynder, LLP in Irvine, California. Mr. Taylor was named a 2015 Attorney of the Year by California Lawyer Magazine in the category of Municipal Law for his work assisting the City of Bell after its corruption scandal. Mr. Taylor was lead litigation counsel and argued appeals for the City of Bell in two published Court of Appeal decisions. Additionally, Mr. Taylor argued at all seven criminal restitution hearings for the City of Bell to obtain restitution awards against the convicted former officials. The Court awarded Bell approximately $8.8 Million in restitution against former city manager Robert Rizzo, $8.2 Million in restitution against former assistant city manager Angela Spaccia and approximately $1 Million combined against all of the convicted former Bell City Council members, all payable to the City of Bell. JOIN SACRS WELLNESS SESSIONS SACRS YOGA Wednesday, May 11, 2016 | 6:45 AM - 7:45 AM Want to impress your benefits manager when you go back to the office? Participate in the SACRS Wellness Sessions! Yoga with SACRS is open to all levels, from beginner to expert. Although yoga poses are physical exercise, they have the added benefit of bringing great balance to the mind, body and spirit. A morning yoga session is a great way to energize before our busy conference day. *Professional Yoga instructor will lead class, no fee to participate for conference attendees & guests, preregistration required, towels and water will be available, and all participants must submit a waiver prior to class. Michael Toumanoff Mr. Toumanoff has specialized, for over 20 years, in the law affecting public retirement system fiduciaries, and has represented and advised several California public pension systems, including ACERA, LACERA, SBCERA, and the Pasadena Fire & Police Retirement System, on a variety of issues. Mr. Toumanoff has also spoken before SACRS, the California Association of Public Retirement Systems, and the Institutional Investor Institute on various issues over the years, including Proposition 162, system funding, and conflicts of interest, and has addressed some of the particular fiduciary issues facing counsel to public retirement systems before the National Association of Public Pension Attorneys, where he has served as lead chair of the Fiduciary and Plan Governance Section, and is a member of the Executive Board. SACRS Nossaman, LLP FUN RUN COSTA MESA SPRING 2016 SACRS 5K FUN RUN/WALK Thursday, May 12, 2016 | 6:45 AM - 7:45 AM Don’t miss SACRS 5K Fun Run/Walk! Enjoy the beautiful Costa Mesa morning with an invigorating walk, jog or run with fellow SACRS conference attendees along an easy 5K (3.1 miles) course. The 5K Fun Run/Walk is a great way for SACRS conference attendees and guests to come together and get moving before the day’s educational sessions. All participants receive a SACRS Fun Run/Walk T-Shirt, water and a snack at the end of the Run/Walk. *Registration is $10 per person, the course is flat and paved, direction signs will be along course along with pocket maps, pre-registration required, and all participants must submit a waiver prior to Run/Walk. CONFERENCE CANCELLATION POLICY In order to receive a Conference Registration refund, you must cancel your registration by APRIL 1, 2016. Please email cancellation to: [email protected]. HOTEL INFORMATION HOTEL INFORMATION & REGISTRATION The Westin South Coast Plaza 686 Anton Boulevard Costa Mesa, CA 92626 (714) 540-2500 www.starwoodhotels.com CONFERENCE ROOM RATE $226 per night (not including tax and service fees) PARKING Self-Parking: $10 Daily and $20 overnight rate for hotel guests (SACRS discounted rate) Valet Parking: $32 overnight rate for hotel guests (No discount offered for valet) OVERFLOW HOTEL Avenue of the Arts Hotel 3350 Avenue of the Arts Costa Mesa, CA 92626 (714) 751-5100 SACRS does not have a room block at this hotel, the following information is for your convenience. AIRPORT INFORMATION AND DIRECTIONS Complimentary Hotel Shuttle Service To/From John Wayne/Orange County Airport Arrival: Upon arrival at John Wayne/Orange County Airport, proceed downstairs to the baggage claim area. In each of the baggage claim areas is a courtesy phone board that lists all the hotels that provide complimentary airport shuttle service. After retrieving any checked luggage from the carousel, pick up the courtesy phone and dial the listed code from The Westin South Coast Plaza. The hotel operator will confirm that you have claimed your luggage, tell you where the shuttle pick-up area is and notify the driver that a party is waiting for pick-up. The wait time will vary depending on the timing of the guest arrival and whether the driver is on his way to or from the airport. Should a guest wish not to wait for the complimentary hotel shuttle, taxis are available and the fare is only around $12. OFFICIAL CONFERENCE HOURS Attendees may not host/attend any marketing or social function during periods when official SACRS functions are scheduled and/ or during the SACRS official day. CONFERENCE ATTIRE Business Casual dress is encouraged throughout the conference, with the following exceptions: • Business attire, i.e. coats and ties for gentlemen and comparable dress for women, is requested for speakers, moderators, panelist and presenters during their portion of the program. • Coats and ties for gentlemen and comparable dress for women are expected for the SACRS Receptions. SACRS SPRING CONFERENCE PRESORT STANDARD US POSTAGE PAID CPS 1415 L Street, Suite 1000 Sacramento, CA 95814 SACRS SPRING CONFERENCE May 10 - 13, 2016 The Westin South Coast Plaza | Costa Mesa, CA UPCOMING CONFERENCE SCHEDULE SPRING 2016 SPRING 2017 SPRING 2018 SPRING 2019 May 10-13, 2016 Westin South Coast Plaza Costa Mesa, CA May 16-19, 2017 Napa Valley Marriott Hotel & Spa Napa, CA May 15-19, 2018 Anaheim Marriott Anaheim, CA May 7-10, 2019 Resort at Squaw Creek Lake Tahoe, CA FALL 2018 FALL 2019 November 13-16, 2018 Renaissance Esmeralda Resort & Spa Indian Wells, CA November 12-15, 2019 Hyatt Regency Monterey Hotel & Spa Monterey, CA FALL 2016 November 8-11, 2016 Renaissance Esmeralda Resort & Spa Indian Wells, CA FALL 2017 November 14-17, 2017 Hyatt Regency San Francisco Airport Burlingame, CA SACRS SPRING CONFERENCE CONFERENCE REGISTRATION MAY 10 - 13, 2016 | THE WESTIN SOUTH COAST PLAZA | COSTA MESA, CA COMPLETE AND RETURN the enclosed registration form and fee for each attendee. Payment must accompany registration forms. You may also REGISTER ONLINE at SACRS.org. ____________________________________________________________________________________________________________ Name (Print exactly for name badge) ____________________________________________________________________________________________________________ Company/System STATUS Board Member Staff Affiliate Non-Profit Non-Member Speaker ____________________________________________________________________________________________________________ Address ____________________________________________________________________________________________________________ City StateZip ____________________________________________________________________________________________________________ Telephone Fax ____________________________________________________________________________________________________________ E-mail address Web Address ____________________________________________________________________________________________________________ Spouse (Spouse or significant other only, not guest) CONFERENCE REGISTRATION FEE System (Trustees and Staff) Non-Profit Systems and Associations Affiliate Member Non-Member $120.00 $120.00 $1,020.00 (if received prior to April 1, 2016) $1,130.00 (if received after April 1, 2016) $1,280.00 (if received after May 1, 2016) $2,670.00 I would like to participate at the Yoga with SACRS session Guest would like to participate in the Yoga with SACRS session I would like to participate in the SACRS Fun Run/Walk ($10.00 fee) Attendees participating in the fun run receive an official T-Shirt – MAKE CHECKS PAYABLE TO: SACRS MAIL REGISTRATION & FEE TO: SACRS 1415 L Street, Suite 1000 Sacramento, CA 95814 (916) 441-1850 phone (916) 441-6178 fax S M L XL 2XL (circle one) Male Female Guest would like to participate in the SACRS Fun Run/Walk ($10.00 fee) Attendees participating in the fun run receive an official T-Shirt – S M L XL 2XL (circle one) Male Female ETHICS TRAINING I will be taking the Ethics Training on Tuesday, May 10, 2016 from 3:00 p.m. – 5:00 p.m. PLEASE NOTE: Registration fees are per person. An Affiliate firm may register two (2) representatives, Non-Profit Systems may register ten (10), and Non-Profit Associations may register two (2) representatives to the Spring Conference. Registration fees cover the program, meals, beverage and official functions associated with the annual conference for each attendee. REFUND POLICY: Cancellation requests must be made in writing to SACRS. Registration will be refunded in full (after the conference) if notice of cancellation is received before April 1, 2016. No refunds will be made for cancellations after April 1, 2016.