|
| Saturday, December 3, 2011 |
| 1:00 p.m. |
Long Range Planning Committee
Presiding: Hon. James Lewis, Chair and New
Mexico State Treasurer
|
| 6:30 p.m. |
Treasurers-only International Dinner
State treasurers join their counterparts from Australia and Mexico.
|
| Sunday, December 4, 2011 |
| 12:00 p.m. |
Treasurers-only Lunch |
| 1:30 p.m. |
Pension & Trust Investment Committee
Presiding: Hon. Janet Cowell, Chair
and North Carolina State Treasurer
|
| 2:45 p.m. |
Legislative Committee
Presiding:
Hon. Nancy Kopp, Chair and Maryland State Treasurer
|
| 3:45 p.m. |
Executive Committee
Presiding:
Hon. Kelly Schmidt, NAST President and North Dakota
State Treasurer
|
| 6:00 p.m. |
Conference Reception
|
| Monday, December 5, 2011 |
| 8:00 a.m. |
Conference Breakfast
|
| 8:45 a.m. |
Conference Opening and Welcome
|
| 9:00 a.m. |
A Discussion on the U.S. and Global Financial System
(Session is closed to the press.)
Moderator:
Hon. Tate Reeves, Mississippi State Treasurer
Speakers:
Hon. Kelly Schmidt, NAST
President and North Dakota State Treasurer
Jamie Dimon, Chairman and
Chief Executive Officer, JPMorgan Chase & Co.
|
| 10:15 a.m. |
The Best of Times and the Worst of Times for
Institutional Investors
The consensus of CEOs, CIOs,
investment managers, and economists is that the near-term future
holds almost unprecedented levels of both uncertainty and
opportunity for global investors. This session will provide
fresh perspectives on approaches that institutions should take
to navigate the shifts in the investment landscape.
Moderator: Hon. Kate Marshall, Nevada
State Treasurer
Speaker:
Sacha Ghai, Principal, McKinsey &
Company
|
| 11:15 a.m. |
How Current State and Federal Events Can Impact Ratings
After a year of economic stagnation, anticipated cuts in federal
aid to states, and increased unfunded liabilities in pension programs, what’s next for state credit ratings? What
methodologies are
rating agencies working on? How are issues in Washington and around the country affecting state credit ratings?
Moderator:
Hon. Richard Ellis, Utah State Treasurer
Speakers:
Robert Kurtter
, Managing Director, Moody’s Investors Service
Laura Porter, Managing Director, FitchRatings
Robin Prunty, Managing Director, Standard
& Poor’s
|
| |
|
| 12:30 p.m. |
Conference Luncheon with Speaker
Investing in a Post-Credit Crisis World
What factors caused the US and global recessions, and what do these factors mean for economic recovery and market risk?
Moderator: Hon. Manju Ganeriwala,
Virginia State Treasurer
Speaker:
Barry L. Ritholtz, CEO and
Director of Equity Research, Fusion IQ; author of The Big
Picture
|
| 2:00 p.m. |
A Look at Regulatory Issues in the Banking Industry
Changes in the banking industry have implications on how public
funds are administered. This session will examine public
deposits, deposit insurance and the Federal Deposit Insurance
Corporation to provide a greater understanding as to the nature,
implications and expected future of deposit insurance provided
by the FDIC.
Moderator: Hon. Chip Flowers,
Delaware State Treasurer
Speakers:
Diane Ellis, Deputy Director,
Division of Insurance and Research, Federal Deposit Insurance
Corporation
Bill Longbrake, Ph.D., Executive
in Residence, Robert H. Smith School of Business, University of
Maryland
William F. Stutts, Partner, Baker
Botts L.L.P.; Adjunct Professor, University of Texas School of
Law
|
| 3:15 p.m. |
Challenges and Opportunities in 529 Plans
This panel will explore the opportunities – and challenges -
presented by 529 plans in today’s market by bringing together
the unique and varying perspectives of State Treasurers,
Corporate Affiliates and the most important 529 plan rating
entity in the nation. From this panel we will learn about the
public policies behind college savings plans, including the
challenges in encouraging middle income families to save, as
well as the trials and tribulations of partnerships with major
investment providers. From a public consumer perspective,
Morningstar will share its perception of the market and the
service it provides for the investing consumer.
Moderator: Hon. Michael Fitzgerald, Iowa
State Treasurer
Speakers:
Hon. Kate Marshall, Nevada
State Treasurer
Jeff Coghan, Assistant Vice
President, SMART 529 Program, The Hartford
Laura Lutton, Editorial Director,
Fund Research Group, Morningstar, Inc.
|
| 4:00 p.m. |
Leveraging Uncertainty: An Allocation Role for
Climate Change?
Preserving capital has assumed
elevated importance in an era of unprecedented economic
uncertainty around subsidies, mandates and generation of yield.
Real assets play a key role in capital preservation strategies
and allocations -- yet are dramatically exposed by design to
climate variances, whether coastal ports or inland utility,
communications or transportation infrastructure. How should
prudent investors think about climate change? Can climate risk
be valued, or even leveraged? What opportunities exist for
investors in the climate discussion, especially given the
uncertainty of federal subsidies?
Moderator: Hon. Bill Lockyer, California
State Treasurer
Speakers:
Bill Green, Senior Managing Director-Infrastructure and Real Assets, Macquarie Capital Funds
Kevin Parker, Assistant Vice
Head of Asset Management, Deutsche Bank
Craig Metrick, US Head of Responsible Investing, Mercer
|
| 4:45 p.m. |
An Update from the Administration
A representative from the Administration will discuss issues currently under consideration
Moderator: Hon. Nancy Kopp, Maryland
State Treasurer
Speaker:
Jewell James, Special Assistant to the President, Deputy Director of Intergovernmental Affairs
|
| 6:30 p.m. |
Conference Reception & Dinner at The
Metropolitan Club
|
| Tuesday, December 6, 2011 |
| 7:45 a.m. |
Conference Breakfast
|
| 8:00 a.m. |
Beyond Our Borders
Australian and Mexican state
treasurers will present an international perspective.
Moderator: Hon. Richard Ellis,
NAST Foundation Chair and Utah State Treasurer
Speakers:
Hon. Carlos Garza Ibarra,
Mexico´s Treasury Ministry link with all 32 State Finance Secretaries
Hon. Christian Porter, MLA, Western Australian Treasurer and Attorney General |
| 9:00 a.m. |
Investing in Commodities
A leading specialist on
global energy will discuss how worldwide trends can impact
commodities for the institutional investor.
Moderator:
Hon. David H. Lillard, Jr., Tennessee State
Treasurer
Speaker:
Edward L. Morse, Managing Director, Global Head
of Commodity Research, Citigroup Global Markets, Inc.
|
| 10:15 a.m. |
Pension Accounting and Disclosure
Major
changes are coming for the accounting standards and disclosure
best practices used by public pension programs. Hear the latest
straight from the leaders of two efforts to improve these
guidelines.
Moderator: Hon. Janet Cowell,
North Carolina State Treasurer
Speakers:
Robert H. Attmore,
Chairman, Governmental Accounting Standards Board
John M. McNally, President, National Association of
Bond Lawyers; Partner, Hawkins Delafield & Wood LLP
|
| 11:15 a.m. |
Implementation of New Rules in the Municipal Market
The 2010 Dodd-Frank Act calls for a number of changes to
municipal market regulation, many of which will be implemented
by the Municipal Securities Regulatory Board. The board has been
busy drafting new rules and working to incorporate feedback from
market participants, all the while awaiting new SEC guidelines
on municipal advisors and other issues. What is the latest on
the new rules and how will they affect issuers of state debt?
Moderator: Hon. Ron Estes, Kansas
State Treasurer
Speakers: Alan D. Polsky, Chairman,
Municipal Securities Rulemaking Board; Senior Vice President,
Dougherty & Co. LLC
Lynnette Kelly Hotchkiss,
Executive Director, Municipal Securities Rulemaking Board
|
| 12:30 p.m. |
Conference Luncheon with Speaker
The Good, the Bad and
the Ugly
Moderator: Hon. Doug Ducey, Arizona State
Treasurer
Speaker:
James Montier, Member of Asset
Allocation Team, GMO; Visiting Fellow at the University of
Durham and a Fellow of the Royal Society of Arts
|
| 2:00 p.m. |
Conference Concludes |
|
