The 2010 Taft-Hartley Benefits Summit - Financial Research

12 Pages·2009·1.16 MB·English

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FIRST 50 TRUSTEES/
ADMINISTRATORS
TO REGISTER ARE FREE!
FINANCIAL RESEARCH ASSOCIATES PROUDLY PRESENTS THE 7TH ANNUAL
CALL 704-341-2439
Made in America
The 2010 Taft-Hartley Benefits Summit
January 24-26, 2010
Mandalay Bay Resort & Casino
Las Vegas
Two Tracks Packed with No-nonsense, GOLD SPONSORS
Practical Learning Opportunities!
Crucial Topics in the Pensions & Annuity Track:
(cid:129) Winning investment strategies in an uncertain economy
(cid:129) What’s the status of pension reform?
(cid:129) How to get plan fees under control
(cid:129) Staying out of trouble with better plan structure and design SILVER SPONSORS
(cid:129) Lessons from the Madoff scandal—directly from one of
the whistleblowers!
Vital Subjects in the Health & Welfare Track:
(cid:129) The results & realities of “Total Health Management”
(cid:129) Healthcare reform: latest issues and the challenges
for your plan
(cid:129) Proven cost containment strategies
(cid:129) How to design smarter healthcare benefits for your members EXHIBITORS
(cid:129) Real-life tactics and strategies from experienced
administrators
> Visit www.frallc.com or call us at 800-280-8440
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SPECIAL APPRECIATION TO OUR ADVISORY
BOARD & EXECUTIVE COMMITTEE MEMBERS
Dear Plan Trustee or Administrator:
Pamela Ackrich
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you best practices for your plan. Administrator
INTERNATIONAL UNION OF OPERATING ENGINEERS
Itanhb eao uhstoi grtnihzieofi nck,ae nyyot lsuyt rccaahtnae’ngtg ieaesfdf oy ironduv ’telols ntmmeieesdsn tih nce loaimrrdinaegtre ft,ro oa mbnde stwht eimt hba enhsaetga melt hiyncodausrre i nbr eetnfhoeerf mibtsu o sinnin ess LSPOreinCacAnip LMa 4l. FBRaInNnGoEn B, CENFAEFIT FUNDS
YANNI PARTNERS, INC.
2010 and beyond.
Jeff Benoit
Just a few of the key topics to be discussed include: DDiIrMecEtOor SoCf HTaNftE-HIDaErtRle yA NSeDr vAicSeSsOCIATES
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(cid:129) Getting fees under control
Michael J. Christ, CFA
(cid:129) What to do if your plan is in trouble Chief Investment Officer
(cid:129) Protecting against inflation ASSET CONSULTING GROUP, INC.
...and much more! Richard Dahab, CFA
President
From the Health & Welfare Track: DAHAB ASSOCIATES, INC.
(cid:129) Healthcare reform under the new Administration Ivory Day
(cid:129) The myths and realities of total health management Senior Consultant
(cid:129) The future of wellness initiatives GRAY & COMPANY
(cid:129) Proven strategies for cost containment Randy G. DeFrehn
Executive Director
...and much more!
NATIONAL COORDINATING COMMITTEE FOR
Tyhoiusr ips laan n noe-neodnss teon ssee,r vper aitcst imcael mcobnefresr einn cthee t hyaeta rles tash yeoaud .in R oeng itshteer steocdraeyt!s MRMhaUonLnaTdgIEianM gE PvDLairOneYscE,t oRPr hPDLANS (NCCMP)
Call 800-280-8440 or register online at www.frallc.com. ELM RESEARCH & STRATEGY
Leandro A. Festino
Sincerely, CFA, CAIA, Consultant
MEKETA INVESTMENT GROUP, INC.
Maurice Hodos, CEBS
Laura Garza, Senior Vice President Fund Administrator
FINANCIAL RESEARCH ASSOCIATES, LLC UFCW NATIONAL HEALTH AND WELFARE FUND
Andrew Johnson
P.S. Certificates will be issued after attending 13 of the 19 available sessions! Fund Administrator
TEAMSTER CENTER SERVICES FUND
P.P.S.First 50 Trustees/ Administrators to register attend for free! Call 704-341-2439 to register. P.J. Kelly
Principal/Consultant
ENNIS, KNUPP & ASSOCIATES
Patrick Lavin
Business Manager – Financial Secretary
IBEW #47 – SOUTHERN CALIFORNIA & IBEW 7TH
DISTRICT – INTERNATIONAL EXECUTIVE COUNCIL
ABOUT THE MANDALAY BAY RESORT & CASINO
Susan M. Mangiero, Ph.D., AIFA, AVA, CFA, FRM
President and CEO
From European-style bathing next to an
PENSION GOVERNANCE, INC.
11-acre beach to tower-climbing wine
Richard Newcomer
angels at Aureole restaurant, countless Executive Director
exotic luxuries await you. From the NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION
uninhibited to the unconventional, Mandalay Kevin Stringer
General Secretary Treasurer
Bay offers some of the most unique INTERNATIONAL UNION OF ELEVATOR
experiences on the planet — all without CONSTRUCTORS
the expense of an around-the-world trip. Scott J. Whalen
Executive Vice President & Senior Consultant
WURTS & ASSOCIATES, INC.
TO REGISTER CALL 800-280-8440 OR VISIT WWW.FRALLC.COM
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DAY ONE: SUNDAY, JANUARY 24, 2010
2:00 – 4:00
Exhibits Set-Up and Registration
4:00
Keynote Address: Health Care Reform Changes Under the New Administration
This session will cover the most current issues debated during the past year, and what they mean to various stakeholder groups.
(cid:129) What happened, and what didn't? (cid:129) Major health policy issues discussed, and those left unresolved
(cid:129) What to watch in the coming months (cid:129) Impact of the health care reform debate on the mid-term elections
(cid:129) The future for health care policy in 2010 and beyond
David A. Pizzi, Director, Health Care Policy, Public Policy
BLUE CROSS AND BLUE SHIELD OF FLORIDA, Jacksonville, Florida
5:45 - 7:00 - OPENING COCKTAIL RECEPTION
If you are interested in sponsoring the Opening Cocktail Reception, please contact Kevin Weigel at [email protected] or 704-341-2448.
DAY TWO: MONDAY, JANUARY 25, 2010
7:00
Registration and Exhibits Open
CHOOSE TRACK A: CHOOSE TRACK B:
PENSION & ANNUITY TOPICS HEALTH & WELFARE TOPICS
8:45 8:45
“Welcome!” “Welcome!”
Laura Garza, Senior Vice President Laura Garza, Senior Vice President
FINANCIAL RESEARCH ASSOCIATES, LLC FINANCIAL RESEARCH ASSOCIATES, LLC
8:50A 8:50B
Co-Chairs’ Opening Remarks: Co-Chairs’ Opening Remarks:
Bonnie Summers, Executive Director
John S. Shanklin, CFA, CAIA, Senior Consultant
BCBSA'S NATIONAL LABOR OFFICE, Washington DC
NEW ENGLAND PENSION CONSULTANT,Las Vegas, Nevada
Patrick J. Coughlan, Vice President
Richard Dahab, CFA, President
AMALGAMATED LIFE INSURANCE COMPANY, White Plains, New York
DAHAB ASSOCIATES, INC. Bayshore, New York
9:00A 9:00B
Risk Budgeting: Understanding the Risk in Your Portfolio and The Myths & Realities of Total Health Management
Determining Which Ones to Take and Which Ones to Pass (cid:129) Where are the numbers that show what the results are?
(cid:129) Determining liquidity needs (cid:129) Quantifying the results
(cid:129) Correlations under normal and extraordinary conditions (cid:129) How does THM relate to consumerism?
(cid:129) What are the risks in hedge funds?
Jonathan C. Dopkeen, Ph.D., Vice President, Business Development
(cid:129) What are the risks in alternative assets?
CONSUMER HEALTH ADVISERS, Chicago, Illinois
(cid:129) Fiduciary risks
Denise S. Sikes, Benefits Manager
(cid:129) Risk is not a "number"
OHIO LABORERS' FRINGE BENEFIT PROGRAMS (OLFBP), Westerville, Ohio
(cid:129) Identifying and defining a portfolio's risk factors
(cid:129) Building a risk-aware portfolio Brian D. Gaston, Communications Manager
(cid:129) Why diversification fails OHIO LABORERS’ FRINGE BENEFIT PROGRAMS (OLFBP), Westerville, Ohio
(cid:129) How does the risk profile of the portfolio relate back to the required
contributions to the plan, its funded status, potential impact on zone status?
Brent Nelson, Senior Consultant
WURTS & ASSOCIATES, INC., Seattle, Washington
“Keep up the usual fine job!”
Richard Dahab, CFA, President
DAHAB ASSOCIATES, INC. Bayshore, New York
Kai Petersen, Principal & Western Region Retirement Practice Leader
BUCK CONSULTANTS, AN ACS COMPANY, Los Angeles, California
9:45 Transition Time/Submit Evaluation Forms 9:45 Transition Time/Submit Evaluation Forms
FOR SPONSORSHIP INFORMATION CONTACT KEVIN WEIGEL AT 704-341-2448 OR [email protected]
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9:50A 9:50B
Inflation Protection: How do Plans Protect Themselves Against Do Wellness Initiatives Remain the Future of Health & Welfare
the Risks of Rampant Inflation Given the Unprecedented Amount of Funds…Why/Why Not?
Global Monetary and Fiscal Stimulus (cid:129) Pros & cons of collective arrangements with other funds
(cid:129) Natural Resources (cid:129) Risk factors
(cid:129) Commodities (cid:129) Physicians talking about heart issues
(cid:129) Timber (cid:129) Reading and understanding results
(cid:129) Other Inflation Hedges (cid:129) Neoplasms
(cid:129) Muscular skeletal disease
Michael J. Christ, CFA, Chief Investment Officer
ASSET CONSULTING GROUP, INC., St. Louis, Missouri Patricia Judah-Harris, Retired Executive Vice President
SEIU 1199, New York, New York
Leandro A. Festino, CFA, CAIA, Consultant
Trustee
MEKETA INVESTMENT GROUP, INC., Carlsbad, California
SEIU 1199 NEW YORK, New York, New York
Sean M. Bannon, CFA, Principal
Jonathan C. Dopkeen, Ph.D., Vice President, Business Development,
YANNI PARTNERS, INC., Pittsburgh, Pennsylvania
CONSUMER HEALTH ADVISERS, Chicago, Illinois
Annie Granahan, CFA, Senior Consultant
WURTS & ASSOCIATES, El Segundo, California Bonnie Summers, Executive Director
BCBSA'S NATIONAL LABOR OFFICE, Washington DC
10:45 Morning Break/Submit Evaluation Forms 10:45 Morning Break/Submit Evaluation Forms
11:00A 11:00B
Fees and Cost-Cutting: Importance of Getting Plan Fees Under What Happened with Healthcare Reform?
Control — Where to Cut Costs and Where Not (cid:129) How is the membership affected?
(cid:129) Do you know all of the fees you pay? (cid:129) What benefits are available now?
(cid:129) Awareness and control of fees; do you know where all the additional costs (cid:129) How should benefits be structured for best results?
are coming from? (cid:129) What changes in tax treatment of benefits have occurred?
(cid:129) How much are fees costing your fund? (cid:129) Government actions that empower or impede health care decisions for
(cid:129) What can the fund live without and which services should they keep? employers, health funds and members
(cid:129) What type of questions should Trustees be asking and where else can they (cid:129) Major leadership roles for states and local purchasers
find the answers they need? (cid:129) The increasing role for employees and consumer advocacy
Brian Carlson, Consultant (cid:129) Transparency for decision making
DIMEO SCHNEIDER AND ASSOCIATES, Chicago, Illinois (cid:129) What's next?
David L. Wray, President Rick Wilberg, Vice President & Chief Compliance Officer
PROFIT SHARING/401K COUNCIL OF AMERICA, Chicago, Illinois BENEFIT PLANNING CONSULTANTS, INC., Champaign, Illinois
Kathryn Bakich, Senior Vice President, National Director of Health Compliance
THE SEGAL COMPANY, Washington, DC
Jim Kenney, Ph.D., President and CEO
COALITION DEVELOPMENT INC., Hayward, Wisconsin
11:45 Transition Time/Submit Evaluation Forms 11:45 Transition Time/Submit Evaluation Forms
11:50A 11:50B
What to do When a Plan's in Trouble, with Specific Focus on the Update on the Impact of the Mental Health Parity and the Addiction
Dangers and Benefits of the Taft-Hartley Plan Structure Equity Act
(cid:129) 3 zones - 3 different problems (cid:129) An overview of the new regulations
(cid:129) Will Trustees listen to their professionals going forward? (cid:129) Compliance: how, what, why and when
(cid:129) Politics and Taft-Hartley funds (cid:129) Broader implications in terms of cost and total population health
(cid:129) Did the market downturn cause the problems/or reveal fund problems? (cid:129) Opportunities to improve management of behavioral health care
(cid:129) DBs and their future—more of a danger or benefit? (cid:129) Designing an effective, proactive approach
(cid:129) Impact of 2008 – have we made progress?
Ruth Donahue, Consultant
(cid:129) Funding policies vs. funding requirements
THE SEGAL COMPANY, Chicago, Illinois
(cid:129) Approaches to addressing the funding crisis
(cid:129) Act now – the longer the delay, the more expensive the solution Charles F. Hamilton, Fund Administrator
(cid:129) How pension funding reform may help LOCAL 338, RWDSU/UFCW, Garden City, New York
Danny Caliendo, Senior Consultant Kristina M. Guastaferri, Administrator
CHICAGO REGIONAL COUNCIL OF CARPENTERS BENEFIT FUNDS, Chicago, Illinois
DSA CONSULTANTS, Naperville, Illinois
Justin “Jay” Strauss, Trustee
IBEW LOCAL 99, Cranston, Rhode Island
Cary Franklin,Actuary & Managing Consultant
HORIZON ACTUARIAL SERVICES, LLC, Universal City, California
TO REGISTER CALL 800-280-8440 OR VISIT WWW.FRALLC.COM
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12:30 Luncheon for All Attendees / Exhibit Hall Closes
LUNCHEON KEYNOTE SPEAKER: WHAT WILL HAPPEN WITH PENSION REFORM?
Randy G. DeFrehn, Executive Director
NATIONAL COORDINATING COMMITTEE FOR MULTIEMPLOYER PLANS (NCCMP), Washington DC
2:00A 2:00B
A 3-Part Alternative Investment Discussion on the Impact of Hedge PART I: Designing Smarter Healthcare Benefits for Your Members
Funds, Private Equity, & Real Estate on Your Plan (cid:129) How to make focus groups work for your fund
Now more than ever funds need to be aware of the risks and rewards affiliated (cid:129) Attempting to control costs
with alternative investments. Hear everything you need to know about Hedge (cid:129) Getting the most out of your Wellness initiatives THIS 2-PART
Funds, Private Equity, and Real Estate investing. What type of ROI can you (cid:129) Examining the pros & cons of outside facilitators SEWSSOIROTNH I S
expect from each investment and at what cost? Other crucial areas covered for (cid:129) Effectively streamlining various processes 2 TICKETS
each include: Gina M. Alongi, Administrator
(cid:129) Transparencies & fees INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 FRINGE
(cid:129) Risk management THIS 3-PART BENEFIT FUNDS, Medway, Massachusetts
SESSION IS
(cid:129) Liquidity concerns WORTH
2 TICKETS Rick Wilberg, Vice President & Chief Compliance Officer
(cid:129) ROI for each
BENEFIT PLANNING CONSULTANTS, INC, Champaign, Illinois
PART I: Lessons Learned from Hedge Fund Investing Patrick Lavin, Business Manager – Financial Secretary
IBEW #47 – SOUTHERN CALIFORNIA & IBEW 7TH DISTRICT –
P.J. Kelly, Principal/Consultant
INTERNATIONAL EXECUTIVE COUNCIL, Diamond Bar, California
ENNIS, KNUPP & ASSOCIATES, Chicago, Illinois
Terry J. Musto, Fund Administrator
PLUMBERS’ WELFARE FUND LOCAL 130 U.A.,Chicago, Illinois
PART II: Opportunities in Private Equity Investments
Stephen R. Brennan, Principal PART II: Strategies to Generate Savings for Your Plan:
HAMILTON LANE,Bala Cynwyd, Pennsylvania Thinking Outside the Box Before Your Plan Ends Up in a Box
(cid:129) Dependent audits
PART III: Real Estate Necessities, Obstacles, & Benefits (cid:129) Medicare recovery
(cid:129) Pharmacy benefits: Maximizing generics and managing specialty
Jon L. Feinberg, Director
(cid:129) Critical and chronic care patient management
INTERCONTINENTAL REAL ESTATE CORP, Boston, Massachusetts
(cid:129) Evaluating subsidized populations (spouses, retirees, apprentices, etc.)
(cid:129) Eligibility hours bank vs. dollar bank
3:15 Transition Time/Submit Evaluation Forms
(cid:129) Health care centers of excellence
3:30A Andrew Johnson,Fund Administrator
TEAMSTER CENTER SERVICES FUND, Bronx, New York
PART I: Appraising Hard-to-Value Investments
(cid:129) Impact of FAS 157 on asset allocation Ron Laudel,Benefit Plans Administrator
(cid:129) Model risk CARPENTERS HEALTH & WELFARE TRUST FUND OF ST. LOUIS, St. Louis, Missouri
THIS 2-PART
(cid:129) Proxy versus valuation of each position SESSION IS
WORTH
(cid:129) Independent pricing services and role of consultant 2 TICKETS 3:15 Transition Time/Submit Evaluation Forms
(cid:129) Fiduciary implications of poor valuation process
Susan M. Mangiero, Ph.D., AIFA, AVA, CFA, FRM, President and CEO 3:30B
PENSION GOVERNANCE, INC., Trumbull, Connecticut A 2-Part Cost Containment Discussion: Tips, Case Studies, & Proven Results
This two-part discussion will walk you through proven ideas for lowering costs for the
Douglas E. Miles, Founder, Chairman, & CEO
fund. Our panelists will walk you through practical tips for lowering healthcare costs,
GLOBALPRIVATEQUITY.COM, INC. ‘GPE”, Princeton, New Jersey
weighing all options before reducing benefits, avoiding rate increases, extending
Randall Schostag, CFA, MCBA, ASA, AVA, BVAL, President
current rates, legislative relief, the pros & cons of coalitions, and much more.
MINNESOTA BUSINESS VALUATION GROUP, LLC, Saint Paul, Minnesota
PART I: Do Coalitions Really Work?
PART II:Scrutinizing the Role of Your Service Providers Result-Driven Data…Show Us the Numbers TSHEISSS 2IO-PNA RIST
for Better Results WORTH
Gina M. Alongi, Administrator 2 TICKETS
(cid:129) Identifying who does what with respect to valuation process
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL
(cid:129) Litigation trends
4 FRINGE BENEFIT FUNDS, Medway, Massachusetts
(cid:129) Specialization versus generalization
Susan M. Mangiero, Ph.D., AIFA, AVA, CFA, FRM, President and CEO PART II: Administrators Share Their Cost-Saving Case Studies
PENSION GOVERNANCE, INC., Trumbull, Connecticut with Verified Results
David L. Wray, President Charles F. Hamilton, Fund Administrator
PROFIT SHARING/401K COUNCIL OF AMERICA, Chicago, Illinois LOCAL 338, RWDSU/UFCW, Garden City, New York
4:30 - END OF DAY TWO, COCKTAIL RECEPTION
FOR SPONSORSHIP INFORMATION CONTACT KEVIN WEIGEL AT 704-341-2448 OR [email protected]
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DAY THREE: TUESDAY, JANUARY 26, 2010
7:30 - 8:45 Full Breakfast and Exhibits Open
Breakfast Roundtable: Chose A-B-C-D-E-F Roundtables*
These extremely interactive roundtables will set the stage for the following two days. A bell will ring four times within this 75 minute session
to give attendees a chance to listen to six topics. The attendees will rotate tables after every 15-20 minutes so you will be able to “sit in” on
four different sessions.
ROUNDTABLE A: ROUNDTABLE D:
How a New, More Powerful SEC Will Impact Your Funds Securities Lending & Liquidity Issues: Should We Continue to Participate?
Gregg M. Fishbein, Partner John S. Shanklin, CFA, CAIA, Senior Consultant
LOCKRIDGE GRINDAL NAUEN P.L.L.P., Minneapolis, Minnesota NEW ENGLAND PENSION CONSULTANT, Las Vegas, Nevada
ROUNDTABLE B: ROUNDTABLES ROUNDTABLE E:
ARE ELIGIBLE
Fiduciary Liability Insurance FOR 2 TICKETS What You Don’t Know Can Hurt You – Understanding the
Mark A. Dobrow, Consultant and Midwest Representative, Causes of Poor Investment Performance & What You Can Learn from a
National Fiduciary Liability Insurance Practice Critical Review of Quarterly Investment Performance Reports
THE SEGAL COMPANY,Chicago, Illinois Eric S. Smith, Chairman & CEO
CSSC INVESTMENT ADVISORY SERVICES, INC., Troy, Michigan
ROUNDTABLE C:
Getting to the “Green” Status for Your Pension Fund ROUNDTABLE F:
Richard Newcomer, Executive Director Taft-Hartley Indexing
NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION, Cleveland, Ohio David McElroy, Director, Institutional Sales
RIDGEWORTH INVESTMENTS, Atlanta, Georgia
*If you’re interested in joining our breakfast roundtable please contact Kevin Weigel at 704-341-2448 or [email protected]
CHOOSE TRACK A: CHOOSE TRACK B:
PENSION & ANNUITY TOPICS HEALTH & WELFARE TOPICS
8:45A 8:45B
Chairpersons’ Recap: Chairpersons’ Recap:
John S. Shanklin, CFA, CAIA, Senior Consultant Bonnie Summers, Executive Director
NEW ENGLAND PENSION CONSULTANT, Las Vegas, Nevada BCBSA'S NATIONAL LABOR OFFICE, Washington DC
Richard Dahab, CFA, President Patrick J. Coughlan, Vice President
DAHAB ASSOCIATES, INC. Bayshore, New York AMALGAMATED LIFE INSURANCE COMPANY, White Plains, New York
9:00A 9:00B
Domestic & International Equities: How Should Taft-Hartley Funds Universal Health Care through Medicare
Proceed in Today’s Volatile Environment? A stronger, more effective Medicare programs is critical to the future of labor unions'
With volatile markets how should funds allocate their equity portfolio? Where health and benefit programs and to maintaining the successes won by unions.
are the best finds? How can you feel confident in your investments? Other
Both private and public sector employers are facing enormous financial difficulties.
topics covered include:
Many businesses are seeing severely depressed sales volume. Governments see
(cid:129) Pitfalls to look out for
tax revenues collapsing. Both the private and public sectors face out-of-control
(cid:129) Quantitative vs. fundamental equity asset management
healthcare costs. At contract renewal time, or even during the life of a contract,
(cid:129) International vs. domestic equities: Short and long-term effects
union negotiators are presented with no pay increases and/or massive cutbacks in
(cid:129) Small, mid, and large cap stocks
health benefits and pensions.
(cid:129) Can you trust the benchmarks?
(cid:129) Equity investing in light of the PPA By winning changes in Medicare, labor can protect the health benefits of both pre-
Medicare retirees and Medicare recipients.
David M Hennessy, Managing Director, Marketing
RESEARCH AFFILIATES, Newport Beach, California Patricia Judah-Harris, Retired Executive Vice President
SEIU 1199, New York, New York
Richard Dahab, CFA, President
Trustee
DAHAB ASSOCIATES, INC. Bayshore, New York
SEIU 1199 New York, New York, New York
Matthew L. Robertson, Senior Investment Manager – Internal Public Markets,
Frank Goldsmith, DrPH
Global Best Ideas and Global Inflation Protected Securities
SELF EMPLOYED
TEACHERS RETIREMENT SYSTEM OF TEXAS, Austin, Texas
9:45 Transition Time/Submit Evaluation Forms 9:45 Transition Time/Submit Evaluation Forms
“Excellent! Relevant topics. Straight talk, “Well organized, great location, very good speakers,
good atmosphere” excellent material.”
TO REGISTER CALL 800-280-8440 OR VISIT WWW.FRALLC.COM
16996-diamond-new:Layout 1 9/4/09 12:29 PM Page 8
9:50A 9:50B
Opportunities in Today’s Fixed Income Market: Sustaining Optimism The Latest on Drug Abuse & Addictions
in Your Fixed Income Portfolio (cid:129) A snapshot of the drug abuse & addiction problem
(cid:129) What can your portfolio expect from bank loans? (cid:129) Substance abuse: Magnitude of the problem in the U.S.
(cid:129) How are high yield bonds doing in this financial crisis? (cid:129) Current addiction trends
(cid:129) ROI for convertible bonds (cid:129) Making treatment affordable and accessible
(cid:129) Opportunities in global fixed income (cid:129) Seeking effective treatment
(cid:129) Defensive action for your fund
Jeff Benoit, Director of Taft-Hartley Services
DIMEO SCHNEIDER AND ASSOCIATES,Chicago, Illinois Ewa I. Antonowicz, Clinical Psychologist, Clinical Director for Major EAP/MAP
and Manage care Company
P.J. Kelly, Principal/Consultant
COMPSYCH CORPORATION, Chicago, Illinois
ENNIS, KNUPP & ASSOCIATES, Chicago, Illinois
Patrick Lavin, Business Manager – Financial Secretary
Tom Pryce, Chairman
IBEW #47 – SOUTHERN CALIFORNIA & IBEW 7TH DISTRICT –
IRON WORKERS WESTERN NEW YORK PENSION, WELFARE AND ANNUITY
INTERNATIONAL EXECUTIVE COUNCIL, Diamond Bar, California
FUND, Niagara Falls, New York
Andrew Johnson, Fund Administrator
TEAMSTER CENTER SERVICES FUND, Bronx, New York
10:30 Morning Break & Hotel Check-Out 10:30 Morning Break & Hotel Check-Out
10:45A 10:45B
PART I:Litigation Landscape: Suits for Bad Investments, Madoff What’s in the Pipeline with Respect to New Drugs & New Treatments?
Exposure, Executive Compensation, Fees (cid:129) Specialty drugs
(cid:129) Scope of Madoff losses (cid:129) Generics
(cid:129) Other similar problems (cid:129) Genetically-tailored drugs
(cid:129) Things to look for before a similar problem happens Speaker: TBA
(cid:129) Avoiding a Madoff situation
(cid:129) What to do if it happens to you
Richard A. Lockridge, Partner
LOCKRIDGE GRINDAL NAUEN P.L.L.P.,Minneapolis, Minnesota
“Topics were timely and informative. Good
PART II:Avoiding Personal Liability By Making Defendable
discussion of various issues.”
Investment Decisions
Eric S. Smith, Chairman & CEO
CSSC INVESTMENT ADVISORY SERVICES, INC., Troy, Michigan
11:30 Transition Time/Submit Evaluation Forms 11:30 Transition Time/Submit Evaluation Forms
11:35A
11:35B
Infrastructure Investments Under the New Administration
Interactive & Lively Discussion: Administrators Speak-Out on
(cid:129) How does infrastructure investing work and what types of returns
Today’s Issues, Challenges, and Triumphs
can you expect?
Our dynamic group of Administrators will discuss their daily frustrations and feats will
(cid:129) Is infrastructure considered its own asset class?
complete candor. Traditionally our Administrators have used this annual discussion
(cid:129) How has the new administration helped/hindered infrastructure investments?
as a brainstorming discussion filled with actionable resolutions. Hear how one of
(cid:129) Characteristics of infrastructure
their recent triumphs may be the solution to your worst nightmare. Our brave
(cid:129) Examining various strategies used by infrastructure managers
panelists will share their stories in hopes of sparking a productive and unforgettable
Leandro A. Festino, CFA, CAIA, Consultant dialogue. A few of the topics covered include:
MEKETA INVESTMENT GROUP, INC., Carlsbad, California (cid:129) Healthcare under the new administration
Danny Caliendo, Senior Consultant (cid:129) Effective negotiation
DSA CONSULTANTS, Naperville, Illinois (cid:129) Coping with benefits & discouraged participants
(cid:129) Best practices for a well-run fund
Monte Tarbox, Client Services Director
(cid:129) HSP, VEBAs, and more
INDUSTRY FUNDS MANAGEMENT (US) LLC, New York, New York
(cid:129) Coalition considerations
Maurice Hodos, CEBS, Fund Administrator
“As always, participating in MIA was well worth UFCW NATIONAL HEALTH AND WELFARE FUND, Englewood, New Jersey
my time. You and your staff did a great job bringing Terry J. Musto, Fund Administrator
everything together” PLUMBERS’ WELFARE FUND LOCAL 130 U.A.,Chicago, Illinois
David Bodley,Administrator
MIDWEST OPERATING ENGINEER FRINGE BENEFIT, Countryside, Illinois
Jim Kenney, Ph.D., President and CEO
“Speakers gave great information, their explanations
COALITION DEVELOPMENT INC., Hayward, Wisconsin
were great. Well organized!”
Leah J. Berlanga, Union Representative
SEIU LOCAL 1021, San Francisco, California
FOR SPONSORSHIP INFORMATION CONTACT KEVIN WEIGEL AT 704-341-2448 OR [email protected]
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12:30 Luncheon for All MIA Attendees / Exhibit Hall Closes
LUNCHEON SPEAKER: LESSONS FROM THE MADOFF FRAUD
In early 1998, Frank Casey joined Rampart Investments where he met portfolio managers Harry Markopolos and Neil Chelo. The three formed the core team that
began blowing the whistle to the SEC on Bernard Madoff’s Ponzi scheme in May of 2000. This session will provide insight into their discovery of the Madoff fraud and
will share the story of their nine-year attempt to stop the growth of this financial cancer. We will draw comparisons between proper and insufficient due diligence
performed by the same investor and will also explore the ongoing battle with the SEC’s intransigence in using competent outside advisors to uncover potential frauds.
Frank Casey, President
FORTUNE USA
1:45A 1:45B
Operational Efficiencies: How to Get the Most Out of Your Effectively Communicating With Your Members
Professionally Managed Assets (cid:129) Member: Knowing your audience
(cid:129) Staying fully invested with cash equitization (cid:129) Map: Building a master plan to reach members most effectively
(cid:129) Using transition management to reduce value leakage (cid:129) Methods: Different strategies to capture a member’s attention
(cid:129) The rewards (and risks) of securities lending (cid:129) Monitor & manage: Measure, evaluate, adapt and improve for success
(cid:129) Modern media: Social networking, fad or future?
Scott J. Whalen, Executive Vice President & Senior Consultant
WURTS & ASSOCIATES, INC., Los Angeles, California Ron Laudel, Benefit Plans Administrator
CARPENTERS HEALTH & WELFARE TRUST FUND
Speaker: TBA
OF ST. LOUIS, St. Louis, Missouri
Kristina M. Guastaferri, Administrator
CHICAGO REGIONAL COUNCIL OF CARPENTERS
“Speakers gave great information, their explanations BENEFIT FUNDS,Chicago, Illinois
were great. Well organized!”
“Provided excellent information on various important
matters of concern”
2:30 Transition Break/Submit Evaluation Forms 2:30 Transition Break/Submit Evaluation Forms
2:35A 2:35B
Sustainable and Responsible Investing Lessons Learned from Recent Litigation Regarding Health &
(cid:129) How are labor issues integrated into company analysis? Welfare Funds
(cid:129) Potential impact of climate change on total return (cid:129) How are PBMs calculating “Neutrality”?
(cid:129) Shareholder resolutions/corporate engagement/proxy voting - What's new? (cid:129) What can your fund do to ensure neutrality?
(cid:129) General SRI discussion and Q&A (cid:129) What to expect with the removal of AWP
Matthew L. Robertson, Senior Investment Manager – Internal Public Markets, Daniel C. Opinante, President
Global Best Ideas and Global Inflation Protected Securities SENECA CONSULTING GROUP, INC,Melville, New York
TEACHERS RETIREMENT SYSTEM OF TEXAS, Austin, Texas Administrator
LOCAL 3457 AFT (AFL-CIO), New York, New York
Paul Hilton, Director, Advanced Equities Research
CALVERT, Bethesda, MD Speaker: TBA
3:15 3:15
End of MIA 2010 End of MIA 2010
Submit Evaluation Forms Submit Evaluation Forms
“The conference was EXCELLENT...debates “Sessions were relevant, high quality speakers and
were great!” lasted a good duration of time”
TO REGISTER CALL 800-280-8440 OR VISIT WWW.FRALLC.COM
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TOP TEN REASONS TO ATTEND WHO WILL ATTEND?
1 Evaluate what healthcare reform means for your plan From Taft-Hartley Funds, both Labor and
Management Sides:
(cid:129) Trustees/Board members
2 Assess where the economy’s going and how to
prepare your fund for the future (cid:129) Financial Committee members
(cid:129) Executive Committee members
3 Determine how and where to cut plan costs (cid:129) Administrators/office managers
(cid:129) Counsel
4 Learn to design smarter healthcare benefits for
your members
From the Investment and Benefits Communities:
5 Hear two top-notch keynote presentations (cid:129) Domestic and international money managers
(cid:129) Taft-Hartley consultants
6 Learn directly from administrators about their (cid:129) Real estate advisors
challenges and triumphs
(cid:129) Benefits consultants
(cid:129) Third-party administrators
7 Evaluate investment opportunities in alternative
(cid:129) Actuarial firms
investments, infrastructure and more
(cid:129) Alternative investment managers
8 Protect your fund from inflation and other potential (cid:129) Attorneys
investment risks (cid:129) Master trustees and custodians
(cid:129) Software and technology vendors
9 Mix and mingle with the best minds in the business
(cid:129) Attorneys
(cid:129) Master trustees and custodians
10 Ascertain the usefulness and effectiveness of
(cid:129) Software and technology providers
wellness initiatives
SPONSORSHIP AND EXHIBIT OPPORTUNITIES
Enhance your marketing efforts through sponsoring a special event or exhibiting your product at this event.
We can design custom sponsorship packages tailored to your marketing needs, such as a cocktail reception or
a custom-designed networking event.
To learn more about sponsorship opportunities, please contact Kevin Weigel at 704-341-2448 or
[email protected].
ABOUT THE CONFERENCE ORGANIZER
Financial Research Associates provides funds with access to business information and networking opportunities.
Offering highly targeted conferences, FRA is a preferred resource for Trustees and Administrators seeking
cutting-edge information on the next wave of business opportunities. Please visit www.frallc.com for more information on
upcoming events.
FOR SPONSORSHIP INFORMATION CONTACT KEVIN WEIGEL AT 704-341-2448 OR [email protected]
16996-diamond-new:Layout 1 9/4/09 12:29 PM Page 11
THANK YOU TO OUR SUMMIT SPONSORS:
Gold
Hamilton Lane is an independent financial institution that provides private equity asset management services to
sophisticated investors worldwide. Hamilton Lane offers a full range of products and services that enable clients to
participate in the private equity asset class on a customized basis.Founded in 1991, Hamilton Lane has grown to over
120 employees. We have over $88 billion in total assets under management and supervision including over $12 billion of
assets under management for managed accounts. Our institutionalized investment process and long-tenured Investment
Committee have enabled Hamilton Lane to establish an impressive performance history in private equity. Our clients
include a number of the world’s largest institutional investors, as well as many mid-sized and smaller institutions. In
addition to being a leading manager of private equity assets for Taft-Hartley pension plans, Hamilton Lane serves many
public and corporate pension plans and university endowments.
CSSC INVESTMENT ADVISORY SERVICES, INC. Even in good times most professionally “advised” Plans too often perform below
their benchmark indices, but last year this “chronic” underperformance became “acute” with most plans not meeting their
actuarial targets and becoming seriously underfunded. If this were a medical condition, most trustees would long ago have
sought a second opinion. Initiating a critical examination of the investment advisory process is a step wise Boards are now
taking. CSSC Investment Advisory Services, Inc., is now providing such “second opinions” as well as an introduction to a new
and fundamentally different investment advisory process – a completely transparent process for optimizing manager selection
that empowers fiduciaries to take control of investment selection and performance monitoring in a way most have never seen
and never before thought possible. Because you cannot continue to do the same things in the same ways and logically expect a
different result, we invite you to see for yourself how – Changing the Process, Changes the Results®.
Silver
Effective, Experienced Securities Litigation & Lobbying Lockridge Grindal Nauen P.L.LP., with offices in Minneapolis and Washington
DC, has been aggressively litigating securities cases for 30 years and has led, or been actively involved in, some of the largest
securities cases in the country. The firm has recovered millions of dollars for Institutional Investors and other shareholders in
the wake of corporate misrepresentations. Lockridge Grindal Nauen also lobbies extensively in Washington, D.C. for many local
governmental entities.
For more than 75 years, Blue Cross and Blue Shield Plans and organized labor have worked together to provide high-quality,
affordable healthcare benefits for American workers, retirees and their families. The healthcare system is complex and the
National Labor Office (NLO) helps union representatives understand new/available health plan options. The NLO can assist in
gaining access to critical information to satisfy the needs of labor and management as you bargain healthcare together. The NLO
is the liaison between unions and Plans to ensure that Blue products meet the labor community’s needs and the bargaining
objectives. www.bcbs.com/nlo or [phone].
Amalgamated Life Insurance Company, America’s Labor Insurance Company®, was founded in 1943, and provides
life and disability insurance products to protect the financial well-being of working men and women. The Company
has received an “A” (Excellent) rating from A.M. Best Company for 34 consecutive years. Amalgamated Life and its
affiliates are full-service providers of insured and self-insured employee benefit plans with over $800 million in
annual premium, premium equivalencies and fee-for-service. The Company’s affiliates include: Amalgamated Agency, a property and casualty insurance
brokerage; Alicare, a third-party administration company; Alicare Medical Management, a medical management company; Alicomp, a computer
outsourcing company and AliGraphics, a printing and graphics company.
The RidgeWorth Investments family provides sophisticated investors a collection of institutional asset management
boutiques, each with a well-defined, proven approach and all with unwavering commitments to exceptional performance.
Through our multiple, style-specific boutiques, we offer a wide range of equity, alternative, fixed income and liquidity
management investment disciplines in packages that make the most sense for our clients. Our boutiques collectively
manage approximately $62 billion in assets (as of December 2008) and have roots that extend back, in some cases, more than two decades. We primarily
serve institutional investors (including for-profit and not-for-profit organizations), institutional investment consultants and financial intermediaries.
Intercontinental Real Estate Corporation is an SEC registered investment adviser and real estate operating company
with expertise in real estate investment, development, construction management, and asset management. The company
has developed, managed and owned over $6 billion in real property assets across all property types including commercial,
mixed use, hotel, recreational and residential projects. Presently, Intercontinental manages a portfolio in excess of $2.4 billion for its clients.
Exhibitors
MADE IN AMERICA MEDIA PARTNERS:
TO REGISTER CALL 800-280-8440 OR VISIT WWW.FRALLC.COM