8:00am – 9:00am

Breakfast & Registration

9:00am – 9:10am

Argyle Executive Forum Opening Remarks

9:10am – 9:20 am

Chief Content Officer Opening Remarks

Nathan Fischer
Former Chief Investment Officer
Lumina Foundation for Education Inc

9:20am – 9:50am

“Regulatory/Compliance Issues for Investors”

Session topics include, but are not limited to:

• A plan sponsor perspective on placement agents, and thoughts on how that issue will play out once the SEC implements their terms and conditions.
• A look at the risks associated with international investments, and the SEC’s extra-territorial reach, or lack thereof.
• Thoughts on best practices in negotiating terms and aligning interests with GPs.

Catherine LaMarr
General Counsel
State of Connecticut Retirement Plans and Trust Funds

Interviewed by:
Cristina Alesci
Journalist
Bloomberg News

*This session is off the record

9:55am – 10:35am

Panel Discussion

“Investor Outlook”

Session topics include, but are not limited to:

• Overall look at the economic environment for the next 12 months, specifically what will happen when the government stops investing? What kinds of opportunities remain in the high yield sector?
• How to generate long term returns to meet obligations. How to balance equity premiums and volatility for the best results?
• Investment opportunities in emerging market equities and debt. How can investors use exposure to emerging markets to diversify? Where/what are the best bets for investors in the Emerging Markets, e.g. is sovereign debt more interesting than equities?
• Looking at due diligence: What can managers do to differentiate themselves? And what strategies do investors find most attractive at the moment? What does it mean to build partnerships with managers/funds, and how have those relationships been affected through the crisis? Is being a good partner is as important as being a good investor?

Moderator:
Stacy-Marie Ishmael
Editor, FT Tilt
The Financial Times

Panelists:
Jeffry R. Haber, PhD, CPA
Controller
The Commonwealth Fund

David Long
Vice-President, Derivatives & Fixed Income
Healthcare of Ontario Pension Plan

Wesley Sparks 
Head of US Fixed Income 
Schroder Investment Management N.A. Inc

Kim Vaccari
Chief Financial Officer and Treasurer
New Jersey Transit Corporation

10:40am – 11:10am

Thought Leadership Spotlight
Presented by World Gold Council & DundeeWealth

“A Discussion on the State of the Gold Market/ The Strategic Case for Investing in Gold”

Session topics include, but are not limited to:

• Gold is traditionally seen as an inflation hedge for investors, but deflation seems to be of equal concern right now. What are your thoughts on the inflation vs. deflation debate?
• How can investors successfully go about accessing the gold market? What vehicles and strategies are preferable and how should they be approached by a first time investor?
• What are the latest trends you’ve been seeing in the gold market, and how should investors react to take advantage of them? Also, are there any other trends you’re seeing that might affect the gold market?
• Investors continue to have an interest in Emerging Markets, and especially China. What’s your outlook on Gold’s role/position in those markets?

Perspectives by:
Juan Carlos Artigas 
Investment Research Manager 
WORLD GOLD COUNCIL

Martin Murenbeeld
Chief Economist 
DundeeWealth US

Interviewed by:
Alix Steel
Gold Reporter
TheStreet.com

11:10am – 11:40am

Coffee Break

11:40am – 12:20pm

Panel Discussion

“Risk Management”

Session topics include, but are not limited to:

• How have you changed your investment outlook or allocations in order to mitigate risk in your portfolio?
• What techniques are you using to track risk within your portfolio? Has this changed since 2008/9?
• What are the best practices in aligning risk appetite and strategy?
• What are the arguments for/against active and passive risk management?
• Where is the value of benchmarking risk, compared with alternative ways of managing risk, for instance risk parity?
• With so much focus on risk recently, are people ignoring performance? 

Moderator:
Jennifer Rossa
Editor
Bloomberg News

Panelists:
John J. Burns, CFA
Managing Director
Pension Consulting Alliance, Inc

Edward F. Groden
Executive Director
New England Teamsters & Trucking Industry Pension Fund

Catherine M. Konicki, CFA, CAIA
Managing Partner
NEPC, LLC

Dennis Wilber
Director Investments and Treasury
Visiting Nurse Service of NY

12:25pm – 12:40pm

Thought Leadership Spotlight
Presented by Barclays Capital

“The Need To Think Different: Leveraging Investment Banks To More Efficiently Manage Portfolios”

Session topics include but are not limited to:

• How to best access world class research
• A look at effectively implementing tail hedging programs
• Outlook on working with banks to manage liquidity using swaps
• Best practices for sourcing low cost "Hedge Fund Alpha"

Graham Rennison
Director, Head of Index Strategies, Americas
Barclays Capital

12:45pm – 1:15pm

“A Discussion of Fees, Disclosure and Legal perspectives on manager Due Diligence”

Session topics include, but are not limited to:

• Review of Target Date funds and current regulatory environment surrounding them.
• What should investors (both pensions and foundations) know about the kinds of due diligence required when looking at Target Date funds?
• A look at rules on fee disclosure and conflict of interest affecting investors.

Stephen McCaffrey 
Senior Counsel for Plans
National Grid USA

Interviewed by:
Daisy Maxey
Special Writer
Dow Jones Newswires

1:15pm – 2:15pm

Lunch

2:15pm – 2:55pm

Panel Discussion

“Discussion on Asset Allocation & Portfolio Construction”

Session topics include, but are not limited to:

• How do you position an endowment/foundation portfolio to succeed in a low-growth, low-return environment, where concerns regarding deflation have overtaken concerns regarding inflation at least in the short-term?
• How do you think about dividing up the world of investable opportunities into asset classes?
• How have your thoughts changed over the past couple of years regarding diversification? What it can do; what it cannot do? Is the Policy Portfolio dead?
• How are you incorporating the following into your thinking about asset allocation: Risk Management, Liquidity, and currency exposure?
• Is “leverage” a dirty word at the manager level? What about at the portfolio level?
• Are you thinking about/using overlays to protect against future “black swan” events (i.e. left tail risk)?

Moderator: 
Alan Secter
Director
Jewish Federations of North America

Panelists:
Kevin Edwards
Associate Vice President for Treasury Services
The University of Connecticut Foundation, Inc.

Robert ‘Toby’ McDonough 
Treasurer, and Trustee for the Pension, Annuity, and Welfare Funds 
Theatrical Stage Employees, IATSE, Local #1

Sheryl Schwartz
Former Managing Director & Head of Alternative Investments
TIAA-CREF

Tim Stark
Chief Investment Officer
Woods Hole Oceanographic Institution

3:00pm – 3:30pm

“Outlook on the Private Equity Asset class over the next 12 months and beyond”

Session topics include, but are not limited to:

• How does Private Equity fit within a long-term portfolio? Does it make sense for PE people to go into sector focused funds or generalists?
• What should investors be most cognizant of regarding changes in PE regulation, and the subsequent compliance/transparency issues going forward?
• Investment Opportunities: what‘s the outlook for PE in China? How do the public markets there affect the private markets?
• Is the buyout market back? And if so where are the opportunities?
• A look at Secondary Markets Opportunities. Is it the time to be a seller, and is now the time to sell? 

David C. Turner
Managing Director, Head of Private Equity
The Guardian Life Insurance Company of America

3:30pm – 4:00pm

Coffee Break

4:00pm – 4:30pm

“Alternative Approaches to Plan Management”

Session topics include, but are not limited to:

• The Federal Reserve System’s attitude towards risk management, especially how they are looking at and implementing LDI strategies and how it lines up with their philosophical approach to how a plan should be managed.
• How does the management of a pension plan differ fundamentally from an Endowment or Foundation? Especially in regard to risk appetite?
• Looking at the “Yale Model” and issues faced by plan sponsors that are trying to follow the model. Despite its success at Yale, is what ways is it not a universally applicable model?

Biagio Manieri, Ph.D., CFA 
Investment Officer 
Federal Reserve System

Interviewed by:
Nathan Fischer
Former Chief Investment Officer
Lumina Foundation for Education Inc

4:35pm – 5:05pm

“Public Funds in the Current Markets”

Session topics include, but are not limited to:

• As someone with a hedge fund perspective as well as an institutional investor, what’s your take on the role of the SEC for the next 12 months for fund managers and investors?
• Is inflation or deflation a bigger threat to the US economy? What does this mean for long-term investors, such as pension funds?
• What do you think state and municipality funds in the US can learn from the Sovereign debt crisis in the US?
• Views on the recent NY tax levy on non-resident hedge funds managers that was lifted, and his thoughts on what that says about NY state deficit.
• There has been an uptick in direct allocations to hedge funds, particularly among public pension funds. Is that accurate? And what does it signal for the next 12 months?
• What is the current funding situation look like going into 2011 for public pensions, and what does this mean for the asset allocation of these systems? 

Orin Kramer 
Chairman
New Jersey State Investment Council

Interviewed by:
Susan Barreto
Deputy Editor
InvestHedge

5:10pm – 5:20pm

Conference Chairperson Closing Remarks

Nathan Fischer
Former Chief Investment Officer
Lumina Foundation for Education Inc

5:20pm – 5:25pm

Argyle Executive Forum Closing Remarks

5:25pm – 6:25pm

Closing Reception

*Please note agenda is subject to change