2023 Curriculum Theme
Leadership Responsiveness in the New World of Work
*Faculty and speakers are being announced daily. Sessions, faculty, and speakers are subject to change.
Investments and Pensions Track
Day 1: Sunday, July 16
12:00–2:00 p.m.
Registration and Light Welcome Lunch
2:00–3:00 p.m.
Welcome and Opening Remarks
Faculty/Speakers:
3:00–4:15 p.m.
Overview of the Public Pension Investment Governance Process (IP)
Investment Governance Process and Models Reviewed: A consideration of the key actors in the process and their roles, particularly among the Board, Executive Director, CIOs and the internal investment teams.
Faculty/Speakers:
4:30–5:30 p.m.
NIPF Opening Keynote: 76th United States Secretary of the Treasury Jacob Lew (Core)
Jack is a Managing Partner at Lindsay Goldberg and has been with the Firm since 2017. Jack is a member of the Firm’s Investment Committee and serves on the board of Creation Technologies and Galen Mental Health. Jack joined the Firm after serving as 76th Secretary of the Treasury of the United States. Prior to serving as Treasury Secretary, Jack served as President Obama’s Chief of Staff, as well as Director of the Office of Management and Budget under Presidents Obama and Clinton. Previously, he was Managing Director and Chief Operating Officer of two units within Citi and served as Executive Vice President and Chief Operating Officer of New York University, where he was also a professor of public administration. Jack earned his J.D. from Georgetown University Law Center and his A.B. from Harvard University.
Faculty/Speakers:
6:00–8:00 p.m.
Welcome Dinner at Malibu Farm Café
Malibu Pier
Day 2: Monday, July 17
8:00–9:00 a.m.
Continental Breakfast
9:00–10:15 a.m.
Keynote Panel Discussion: “From the Treasurers’ Perspective” (Core)
10:30–11:45 a.m.
Investment Policy Setting Process (IP)
A discussion about setting the goals and processes for the plan, including the investment policy statement, strategic plan, risk tolerance level, and asset allocation.
Faculty/Speakers:
11:45 a.m.–1:00 p.m.
Lunch
12:45–1:45 p.m.
Implementation of Investment Policy (IP)
Assembling and managing the investment team. Deciding what investing should be done internally versus externally and actively versus passively. Determining parameters of delegated authority to staff. Use of co-investments, secondaries and other investment structures. Deciding which external experts should be retained and why and how (e.g., consultants (general versus specialist), attorneys, appraisers).
Faculty/Speakers:
2:00–3:00 p.m.
Setting Performance Goals and Expectations (IP)
Benchmarking the different asset classes and monitoring tracking error against the benchmarks. Investment pacing and dry powder.
Faculty/Speakers:
3:15–4:30 p.m.
External Manager Selection (IP)
A granular discussion led by consultants and CIOs about how external managers are selected and retained by asset class.
Faculty/Speakers:
6:30–9:30 p.m.
Dinner Reception at the Westlake Village Inn
Lakeside Patio
Day 3: Tuesday, July 18
8:00–9:00 a.m.
Continental Breakfast
9:00–10:15 a.m.
The Secret Vocabulary of Conflict Resolution (Core)
Conflict resolution competencies rely on the building block of interest identification. Most interventions, tricks, and techniques lead back to this fundamental concept. Interest Identification is often taught in a cursory fashion without a roadmap for how to practice or implement the skill. This plenary session is a deep dive into interest identification, the secret vocabulary of conflict resolution. Participants will leave with a paradigm for identifying interests, an understanding of the top ten interests in the public sector employee context, and an introduction to the skill of reframing. Interest Identification skills-building supports not only employee-employer relations, but ultimately positive outcomes for constituents, public/private partnerships, communities, and boards.
Faculty/Speakers:
10:30–11:45 a.m.
Understanding Investment Terms and Concepts in the Investor-Manager Relationship (IP)
A discussion of some of the key economic and legal terms involved in the investor-manager relationship, e.g., commingled funds, separately managed accounts, drawdown structures, management fees, carried interests, waterfalls, hurdles, clawbacks, catch-ups, key person provisions, sidecars, and gating. Role and importance of LPACs.
Faculty/Speakers:
11:45 a.m.–1:00 p.m.
Lunch
1:15–2:30 p.m.
Investment Performance Monitoring and Measurement (IP)
Understanding financial reporting terms, e.g., IRR, equity multiple, time-weighted return, and denominator effect.
Faculty/Speakers:
3:00–4:15 p.m.
Joint Session – The Evolving Demands for U.S. Infrastructure (IP)
In a joint session between the Investments and Pensions track and the Public Finance track, treasurers and investors will discuss how the policy and capital needs for US public infrastructure have evolved to require greater collaboration with the private sector. How has the mission changed? Where is the opportunity for investors?
Faculty/Speakers:
5:00–9:30 p.m.
Reception, Self-Guided Tour, and Dinner at the Ronald Reagan Presidential Library and Museum
Reagan Library: Ruwe Terrace
Day 4: Wednesday, July 19
8:30–9:00 a.m.
Continental Breakfast
9:00–10:15 a.m.
On the Horizon - Technology Integration into Treasury – Highlighting AI and ChatGPT (Core)
Faculty/Speakers:
10:30–11:45 a.m.
Investor Roundtable Recap (IP)
This closing session will feature a recap led by members of the NIPF Investor Board. It will include a real time survey of the Treasury officials about which sessions they found most useful. It will also elicit which topics the Treasury officials which to discuss post-NIPF. A goal will be to keep the discussion alive and to have the NIPF serve as an ongoing resource for Treasury officials involved in the investment process.
Faculty/Speakers:
12:00 p.m.
Closing Remarks