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
11:00 a.m.–2:00 p.m.
Registration
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.
4:30–5:30 p.m.
NIPF Opening Keynote: 76th United States Secretary of the Treasury Jack Lew (Core)
Jack Lew was confirmed by the United States Senate on February 27, 2013, to serve as the 76th Secretary of the Treasury. Secretary Lew previously served as White House Chief of Staff. Prior to that role, Lew was the Director of the Office of Management and Budget (OMB), a position he also held in President Clinton's Cabinet from 1998 to 2001. Before returning to OMB in 2010, Lew first joined the Obama Administration as Deputy Secretary of State for Management and Resources.
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.
11:45 a.m.–1:00 p.m.
Lunch
1:00–1:45 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).
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.
3:00–4:15 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.
Day 3: Tuesday, July 18
8:00–9:00 a.m.
Continental Breakfast
9:00–10:15 a.m.
Embracing and Integrating Generational Workforce Elements (Core)
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.
11:45 a.m.–1:00 p.m.
Lunch
1:00–1:45 p.m.
Investment Performance Monitoring and Measurement (IP)
Understanding financial reporting terms, e.g., IRR, equity multiple, time-weighted return, and denominator effect.
3:00–4:15 p.m.
Joint Session - Building resilient infrastructure (IP)
In a joint session with the Pensions & Investing track, investors and allocators will discuss the need for and value of integrating sustainability into US public infrastructure projects.
Day 4: Wednesday, July 19
7:30–8:30 a.m.
Continental Breakfast
8:30–9:45 a.m.
On the Horizon - Technology Integration into Treasury – Highlighting AI and ChatGPT (Core)
10:00–11:45 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.