2014 Annual Conference

Fort Worth, TEXAS
MARCH 23-26, 2014
Learn, Connect, Promote and Protect




Sunday, March 23rd

12:15 – 1:30 p.m. Workshop:
Thinking Outside the Index—Case Studies on How Pension Plan Sponsors/Institutions use Stock Index Futures
David Lerman, CME, Brazos

Monday, March 24th

8:30-8:55 a.m. The Future Shape of the Real Estate Asset Class
Tim Bellman, Invesco
9:00-9:25 a.m. Investor's Dilemma: Low Returns, High Volatility, and Rising Interest Rates
Soonyong Park, Janus Capital Institutional
9:30-9:55 a.m. The Importance of Alternatives in Your Portfolio in 2014 and Beyond
Sarah Williamson, Wellington Management Co, LLP
10:15-10:40 a.m. Protecting Equity Gains While Meeting Your Plan Objectives: "The Case for Convertibles"
David Hulme, Advent Capital Management
10:45-11:10 a.m. Investing in the US Energy Renaissance
Gregory Reid, Salient Partners
11:15-11:40 a.m. Inflation and Protecting Your Portfolio
Michael Katz, AQR Capital Management
12:45 – 1:30 pm Keynote Speaker
Looking Forward to 2020:
Ten Trends Transforming Tomorrow

Jack Uldrich, Author and Futurist


2:00 – 2:50 p.m. Breakout Session A
Fixed Income
Robert Longfield, Gavion: MODERATOR
Sean Clifford, Goldentree Asset Management
Mark Foust, DuPont Capital Management
Michael Wands, Putnam Investments
Breakout Session B
Exploring Opportunities with the Next Generation: The Texas Story
Andrew Junkin, Wilshire Associates Inc.: MODERATOR
Jim Smith, San Antonio Fire & Police Pension Fund
Natalie Jenkins Sorrell, Dallas Employee Retirement Fund
Rhonda Smith, Houston Municipal Employees Pension System
3:00 – 3:50 p.m. Breakout Session A
Unions and Pensions: How They Can Work Better Together
Moderator: Chuck Campbell, Jackson Walker LLP
John Jenkins, Dallas Employees Retirement Fund
Larry Reed, San Antonio Fire & Police Pension Fund
Joe Tellez, El Paso Fire Fighters Association – IAFF Local 51
Breakout Session B
Finding Value in Uncomfortable Places
Moderator: J. David Wetzel, Fund Evaluation Group
Anthony Forcione, State Street Global
Paul Connor, McAlister Investment Real Estate
Peter Wilson, Wells Capital Management
3:55 – 5:00 p.m. General Session
The Hostile Threat: Opponents to Defined Benefit Plans
Max Patterson, Executive Director
Secure Annuities for Employee Retirement (SAFE) Act: A Solution in Search of a Problem
Gary Lawson, Strasburger & Price LLP

Tuesday, March 25

8:45-9:10 a.m. The European Credit Crisis - Creating Opportunities for Investors
Julian Colville, BNY
9:15 – 9:40 a.m. Investing in Infrastructure: Opportunities in Today's Markets
Paul Ryan, JP Morgan Asset Management
9:45 – 10:10 a.m. Emerging Markets: Smoke But No Fire
Edward Gutierrez, Aberdeen Asset Management
10:30 – 10:55 a.m. The New Geography of Investing: A Paradigm Shift in Portfolio Evaluation and Construction
Dale Hanks, Capital Group
11:00 – 11:25 a.m. The Normalization of Monetary Policy and the Near-Term Outlook for U.S. Commercial Property
Michael Acton, AEW Capital Management, LP
11:30 – 11:55 a.m. Pension Review Board Update
Chris Hanson, PRB Executive Director


1:00 – 1:50 p.m. Breakout Session A
Taking the Bull by the Horns – Fee Strategies and Consortium Bidding
Bull by the Horns Handout #2
Bull by the Horns Handout #3

OCERS Session on Private Equity Fund of Funds
Girard Miller
Orange County CA OCERS
Joined by a Selected Winner of CALAPRS CIO collaborative Private Equity procurement`
Breakout Session B
Preparing for Rising Interest Rates – Moving From Credit Risk to Rate Risk
Moderator: Mary Kathryn Campion, Champion Capital Research
David Halfpap, AEGON USA Investment Management
Jeff Tack, Crestline Investors Inc
Kevin Dachille, Eaton Vance Management
2:00 – 2:50 p.m. Breakout Session A
Determining the True Cost of Investment Management Fees
Moderator: Bill Jarvis, Commonfund
Richard L. Tettamant, Dallas Police and Fire Pension System
Gregory Brunt, Houston Municipal Employees Pension System
Breakout Session B
Emerging Markets in 2014: What Are The Opportunities and the Challenges?
Moderator: George Tarlas, Asset Consulting Group
Chris Neil, Thomas White International
Christian McCormick, INTECH
Todd Henry, T. Rowe Price
2:50 – 3:10 pm Break
3:10 – 4:00 pm Breakout Session A
Smart Beta: One Size Does Not Fit All
Moderator: Tom Goodwin, Russell Indexes
William Cazalet, Mellon Capital
Mark Roemer, Allianz Global Investors
Bhanu Singh, Dimensional Fund Advisors
Breakout Session B
Hiring, Evaluating and Monitoring Consultants
Moderator: Tyler Grossman, TEXPERS Board
Gwilda Swilley-Burke, Callan Associates Inc.
Lisa I. Miller, South Texas Money Management LTD
Robert Hulme, Fort Worth Employees Retirement System
4:05 – 4:25 pm Halliburton Class Action Lawsuit
Tony Gelderman, Bernstein, Litowitz, Berger and Grossmann

Wednesday, March 26th

8:40 – 9:40 am Pension Views: A Debate on the Right Type of Pension for Public Employees
MODERATOR: Joe Gimenez
Josh McGee, Laura and John Arnold Foundation
Meredith Williams, National Council on Teacher Retirement
9:45 – 10:10 am GASB Statement No. 68
Bob Scott, Chief Financial Officer, City of Carrollton
10:30-11:00 am Asset Allocation Study Report
Bill Jarvis, Commonfund
Report on the Asset Allocation and Investment Performance of Texas Public Employee Retirement Systems
11:05 am - noon TSR, Political, and Legislative Update
Max Patterson, TEXPERS Executive Director
Paul Brown, TSR
Eddie Solis and Bill Miller, HillCo