|Today is Tuesday, December 12, 2017
featured speakers >> pension bridge annual speakers 2015
Pension Bridge Annual Speakers 2015
Timothy Barrett, CFA, Associate Vice Chancellor & Chief Investment Officer, Texas Tech University
Mr. Tim Barrett is Associate Vice Chancellor and Chief Investment Officer for Texas Tech University System (TTUS). Mr. Barrett is responsible for day-to-day management of the Endowment Assets and responsible for Investment Strategy and Implementation of the nearly one billion dollar endowment. Mr. Barrett began his relationship with TTUS in April of 2013.
Prior to TTUS, Mr. Barrett served as Director, Pension Investments Worldwide at Eastman Kodak, overseeing more than $16 Billion in aggregate through approximately 77 plans globally. Mr. Barrett began his relationship with Kodak in November of 2010.
Mr. Barrett began his career with San Bernardino County Employees’ Retirement Association (SBCERA) where he worked his way up the organization to become the Executive Director & Chief Investment Officer. Mr. Barrett began his career in 1996 with SBCERA and left in October of 2010.
Mr. Barrett has approximately 15 years experience as a CIO and has restructured plans around the world within the three pillars of institutional investors- pension, corporate and endowment. He is a published co-author and winner of the Edward D. Baker III Award by the Investment Management Consultants Association for an article entitled, “Dynamic Beta –getting paid to manage risk”. Mr. Barrett is also a member of the inaugural aiCIO Power 100 and has been awarded many awards for managing best of breed plans.
Mr. Barrett is married to his lovely wife, Jo-Anna. They currently reside in Austin, Texas and have two boys that are quickly learning to play football, Texas style!
Donald Pierce, CFA, Chief Investment Officer, San Bernardino County Employees' Retirement Association
Mr. Pierce serves as the Chief Investment Officer for the San Bernardino County Employees’ Retirement Association (SBCERA) where he has been part of the investment team since 2001. He is responsible for the day-to-day operation of the investment division for the $7.2 billion public pension fund. He works directly with the Board on developing policy and investment goals, implementing investment objectives and the selection of investment managers.
During his tenure with SBCERA, Mr. Pierce introduced international private equity, emerging market debt, and option strategies into the plan’s mix. Additionally, he developed a UAAL forecasting model and he has spearheaded a new rebalancing methodology for the fund.
Mr. Pierce earned a Bachelors of Science in Statistics from San Diego State and is a CFA charter holder. He is a member of the CFA Institute and has shared his professional expertise with various professional organizations.
Speaker on the Economy
Bud Conrad, Chief Economist, Casey Research, LLC
As Chief Economist for Casey Research, Bud addresses the long term forces that shape our economic future, and takes on the task of predicting what will happen. Author of the book Profiting from the World's Economic Crisis, Bud Conrad holds a Bachelor of Engineering degree from Yale and an MBA from Harvard. Bud has been a futures investor for 25 years and a full-time investor for a decade. He is also a popular speaker, having delivered talks in New Zealand, Dubai, Philippines, Argentina, Canada, and many US cities. He has appeared on CNBC, Fox Business News, New Zealand 3news, and has commented in many publications from the Wall Street Journal to Reuters. He applies engineering systems approach to macroeconomics using feedback, and predicted the 2008/9 crisis. We have seen a significant recovery in the financial sector, but have not yet stepped past the problems of too much debt that were behind the original crisis. Those with a long term investment horizon need to anticipate how the problems will affect the financial system, and thus what they should invest in.
Featured Session on Tail Risk Hedging
Ashwin Alankar, Ph.D., Senior Vice President, Global Head of Asset Allocation & Risk Management, Janus Capital Group
Ashwin Alankar is Global Head of Asset Allocation and Risk Management for Janus Capital Group. In this role he will have responsibility for leading and advising on risk management issues across the platform and define short- and long-term approaches to asset allocation. He also co-manages the Janus Global Allocation strategies.
Prior to joining Janus in August 2014, Mr. Alankar served from 2010 to 2014 as co-chief investment officer of AllianceBernstein’s tail risk parity and senior hedge fund portfolio manager of the firm’s multi-asset class market neutral systematic hedge fund. Prior to that, he was a partner and capital allocation committee member for Platinum Grove Asset Management from 2003 to 2010. Mr. Alankar’s experience also includes serving as a consultant in the financial litigation division of the Law and Economics Consulting Group from 2001 – 2002.
Mr. Alankar holds a bachelor of science degree in chemical engineering and mathematics and a master of science degree in chemical engineering, both from Massachusetts Institute of Technology. He also holds a Ph.D. in finance from the University of California at Berkeley Haas School of Business. Mr. Alankar has 14 years of financial industry experience.
Pension Plan and Consultant Speakers
Aaron Au, Investment Officer-Illiquid Markets, Employees' Retirement System of the State of Hawaii (HIERS)
Aaron Au is the Investment Officer - Illiquid Markets for the Employees Retirement System (HIERS) of the State of Hawaii. His role primarily involves management and oversight of the Private Equity, Real Estate and Real Return Asset classes and other non-public investments.
Mr. Au has over 29 years of experience in the financial industry. Prior to joining HIERS on March 3, 2014, he worked at Central Pacific Bank (CPB) for over 6 years as their Senior Trust Investments Officer. His duties included portfolio management of clients’ assets. Before joining CPB, Aaron was with the First Hawaiian Bank (FHB) in their Wealth Management Group for about 1-year. His duties included management and monitoring of separate account managers and mutual funds and to support the marketing efforts of the Wealth Management Group.
Prior to joining FHB, he spent 19 years with the Kamehameha Schools where he held various management positions including Director of the Financial Assets Division. He was responsible for management and oversight of over $3.5 billion in marketable securities, private equity, venture capital, inflation hedging assets, and hedge-funds and fund-of-hedge funds. He earned a Bachelor of Business Administration degree in management from the University of Hawaii at Manoa and an M.B.A. in Finance from Chaminade University, Hawaii.
Scottie D. Bevill, Senior Investment Officer - Global Bonds and Real Return, Teachers' Retirement System of the State of Illinois
Mr. Bevill currently serves as Senior Investment Officer for the Teachers’ Retirement System of the State of Illinois. Mr. Bevill is responsible for all global fixed income ($8 billion), short-term ($2.5 billion) and real return ($4.5 billion) portfolios for the $46 billion Illinois Teachers' pension fund. Mr. Bevill has been with TRS over 22 years and currently performs a number of roles outside of the global income and real return asset classes; however, remains extremely passionate about the debt markets. A native southerner, Mr. Bevill graduated from Illinois College with a B.S. in Economics/Business and received his M.A. in Economics from the University of Illinois.
Richard Charlton, CEO/Chairman, NEPC, LLC
Dick's investment experience dates back to 1972 when he initiated Michigan Bell’s Pension Oversight District in anticipation of the oversight requirements of ERISA. Dick also prepared financial regulatory testimony, and wrote his master's seminar on pension fund performance evaluation. He was elected Assistant Treasurer in February 1976, overseeing the financial modeling, market research, economics, pension, and math research districts.
After an assignment at AT&T, Dick joined Merrill Lynch Capital Markets in 1981, assuming the investment consulting responsibility for over $25 billion in assets. With Merrill Lynch's decision to leave the institutional investment consulting market at the end of 1985, Dick formed his own firm, New England Pension Consultants, converting 100% of his clients in this process. During the ensuing 29 years, NEPC has become one of the largest investment consulting firms in the industry, earning wide acclaim for its superior client ratings in national independent surveys, its unconflicted revenue model and its ability to add value to client investment programs. We now service over 330 retainer relationships with $860 billion in total assets and $85 billion in alternatives across the pension, sovereign wealth, endowment, foundation, healthcare, family office and high-net worth markets.
NEPC pioneered the use of alternative assets, making its first placement in 1988. Our work in that regard was recognized in 2009 by PLANSPONSOR Magazine, which accorded NEPC its prestigious ALTIES Award as the Alternative Asset Consultant of the Year. More recently, NEPC has received the 2012 CAIA (Chartered Alternative Investment Analyst) Corporate Recognition Award, the 2012 InvestHedge Investor Excellence Award and the 2011 and 2013 CIO Industry Innovation Consultant Awards. Our clients have also been honored, and since 2010 Money Management Letter has recognized five of our public fund relationships as their Large and Mid-Sized Plans of The Year.
Since the tech bubble collapsed in 2000, NEPC has encouraged our clients to materially broaden diversification, believing that risk-balanced programs would outperform over complete market cycles. That advice has contributed to collective client returns that have consistently outpaced national medians with lower volatility levels than national averages.
Dick is a frequent speaker at national industry conferences and seminars. He also served as the Co-Chairman of the Consultant's Performance Presentation Standards Task Force, a two-year effort by the investment consulting industry to develop standards for performance documentation, presentation and disclosure. In 2013, Dick was honored at NASP-Detroit’s 7th Annual Encore Gala as the recipient of the “Measure of Excellence” award.
Dick’s undergraduate degree is in Mechanical Engineering from the University of Detroit (1965) and his M.B.A., with emphasis in Statistics and Finance, is from Wayne State University (1972). He is also a past director of IMCA, the Investment Management Consultants’ Association.
Vijoy Chattergy, CAIA, Chief Investment Officer, State of Hawaii Employees' Retirement System, (HIERS)
Vijoy Paul Chattergy is the Chief Investment Officer for the State of Hawai‘i Employees Retirement System (HIERS), and reports directly to the Executive Director and the Board of Trustees. His role involves investment policy construction, portfolio management, asset allocation, and strategic development of the Investment Office. Additionally, Mr. Chattergy oversees monitoring HIERS investments and evaluation of risk/return opportunities.
Prior to joining HIERS, Mr. Chattergy worked for the East-West Center and FG Energy as a consultant. Previously, Mr. Chattergy was a senior level analyst with the fund of hedge fund group at SPARX International Limited based in Hong Kong and Tokyo.
Before relocating to Asia, Mr. Chattergy worked in New York City for Andrew Kalotay Associates, a boutique debt advisory and analytics firm, and at The Bond Market Association, a trade group for fixed-income broker/dealers. His financial industry career began at the Federal Reserve Bank of New York, which included work on the foreign exchange trading desk, foreign reserves operations, and Treasury auctions.
Mr. Chattergy is currently a board member of the Hawaii Council of Economic Education and an Omidyar Fellow. He is a member of the CAIA Association. He was recently recognized as a 2013 Rising Star of Public Funds by Money Management Intelligence. He is a co-founder of the Truman Scholars Association, and served as its president in 2000. Mr. Chattergy was a charter corps member of Teach For America.
Mr. Chattergy holds an MBA from Cornell University and an MSc from the London School of Economics. He graduated Phi Beta Kappa and Cum Laude from the College of the Holy Cross, where he is a Harry S Truman Scholar and a Charles A. Dana Scholar. He holds a charter from the Chartered Alternative Investment Analyst Association (CAIA).
David Corpus, Board of Trustees, Teacher Retirement System of Texas
David Corpus is senior vice president of CommunityBank of Texas, N.A. He has worked in the banking industry for the past 29 years. His areas of specialty include commercial, industrial and commercial real estate transactions. He has extensive experience in bank mergers, acquisitions and De Novos. He also serves on the Harris County Housing Finance Corporation Board of Directors, an appointment by Harris County Judge Ed Emmett. He is chairman of the Tejano Center for Community Concerns Board of Directors, vice chairman of the Raul Yzaguirre School for Success and a board member of the Harris County Housing Finance Corporation. He is also past board treasurer for the Association for the Advancement of Mexican Americans and a former adjunct instructor for the Houston Community College Systems. His board service with other charitable organizations spans more than 25 years. Corpus holds a Bachelor of Applied Science (BAS) degree in management, and a Master of Business Administration (MBA) from Our Lady of The Lake University at San Antonio. He is appointed by the governor from a list prepared by the State Board of Education.
Derek Drummond, CAIA, Managing Analyst, State of Wisconsin Investment Board
Derek Drummond, CAIA is a Managing Analyst and member of the Analytics and Funds Management team at the State of Wisconsin Investment Board. Derek’s primarily responsibilities include the sourcing, evaluation and implementation of investment managers across both traditional and alternative strategies. He has extensive experience building frameworks for portfolio construction and risk management.
Mike Dziadus, CFA, Managing Director, Cardinal Investment Advisors, LLC
Mike’s primary responsibilities for Cardinal are client service and manager research. Mike currently leads the firm’s fixed income manager research effort. His client service responsibilities include asset allocation, investment policy development, and other ad hoc research. Mike currently serves seven clients as the primary consultant.
Mike joined Cardinal in 2005 from Bank of America where he was a manager in the Consumer Banking department. He has worked with insurers throughout his entire tenure at Cardinal. Mike holds a BS in Finance from the University of Illinois and he received his CFA charter in 2008.
Peter E. Ehret, CFA, High Yield Portfolio Manager, Employees Retirement System of Texas
Peter heads ERS’ new internal high yield investing effort, which he established in 2013. He developed ERS’ high yield investment process and infrastructure and is underway with a growing portfolio and team. He also contributes to ERS’ outside manager selection process. Prior to ERS, Peter was head of high yield investments and lead portfolio manager at Invesco, Ltd. where he led the turn-around of a struggling team and created a top quintile ten-year performance record. Previously, while at Van Kampen Investments, Peter was director of high yield research and portfolio manager where he helped to re-draw the investment process and was co-portfolio manager for Van Kampen’s high yield funds. His broad experience there also included working with investment grade and municipal securities. Prior to that, Peter was at the Bank of Nova Scotia working in commercial real estate banking. All along the way, Peter has continued to contribute as an analyst generating investment ideas.
Peter earned his M.S. in Real Estate from the University of Wisconsin-Madison and his B.S. in Economics with a minor in Statistics from the University of Minnesota-Twin Cities. His is a CFA charterholder.
Rob Feckner, President, Board of Administration, California Public Employees' Retirement System, (CalPERS)
Mr. Feckner is in his 37th year with the Napa Valley Unified School District, where he is currently employed as a glazing specialist. He has also worked as a school bus driver and instructional assistant for special needs students. Mr. Feckner has completed the Trustee's Masters Program and has completed the CAPPP program in pension administration from the International Foundation of Employee Benefit Programs.
Mr. Feckner is a past president of the California School Employees Association. He also serves as an executive vice president of the California Labor Federation.
He and his family live in Napa, California.
Anne-Marie Fink, Chief Investment Officer, Employees' Retirement System of Rhode Island
Anne-Marie Fink serves as Chief Investment Officer for the State of Rhode Island, overseeing investment of the $8 billion defined benefit plan of the Employees' Retirement System of Rhode Island, as well as ERSRI's defined contribution program and the state's cash management. Prior to joining the state in 2012, she was a Managing Director at J.P. Morgan Private Bank where she managed a portfolio of hedge funds for five years. Previously she spent 11 years in J.P. Morgan's Asset Management division as an equity analyst covering a variety of industries from railroads and furniture manufacturers to cable networks and internet media.
Additionally, she is the author of The MoneyMakers: How Extraordinary Managers Win in a World Turned Upside Down (Crown, 2009), a book that shares how shareholders want company leaders to manage their businesses. She earned her B.A. from Yale University and her M.B.A. from Columbia Business School.
Guy J. Foutz, CFA, PRM, FSA, Investment Risk Officer, Utah Retirement Systems
The Utah State Retirement Fund (URS) is a public pension plan managing the retirement benefits of almost 200,000 public employees and retirees in the State of Utah. As of December 2014, the plan’s assets approximated $26 billion with about 40% in alternatives. There are about twenty professionals in the investments department.
Guy Foutz joined URS in late 2009. Working with CIO Bruce Cundick, he is responsible for aggregating, monitoring, and making recommendations to manage the risk, liquidity, and asset allocations of the portfolio, working within the URS mandate to protect value and optimize risk adjusted returns. He coordinates with all aspects of the investment management process and performs risk analyses on all of the portfolio’s asset classes that contribute to URS’s tactical and strategic investing.
Prior to joining URS, Mr. Foutz served as Director, Enterprise Risk Management for Beneficial Financial Group. In this position he managed a team of professionals that oversaw market, credit, liability, and operational risk for the mid-sized insurance company. Previously at Beneficial, he directed the ALM efforts and priced annuity and insurance products.
Mr. Foutz holds a B.S. degree in Statistics from Brigham Young University. He holds the Chartered Financial Analyst designation, the Professional Risk Manager designation, and is both a Fellow and Chartered Enterprise Risk Analyst with the Society of Actuaries. He serves on the board of the Institutional Society of Risk Professionals (ISRP).
Field Griffith, Director, Real Assets, Virginia Retirement System
As Director of the Real Assets program at VRS, manages a $7 billion portfolio of global real estate, infrastructure, natural resources and timberland. It is invested across public and private, debt and equity in a variety of investment structures (joint ventures, separate accounts, open-end funds, closed end funds). Joined VRS in 2004. Previously managed UNUM Life Insurance Company’s real estate group. CFA. MBA, University of Washington. BA, Beloit College.
Cheryl Hines, Emerging Manager Program Director, Teacher Retirement System of Texas
Cheryl Hines currently serves as a Director at the Investment Division of the Teacher Retirement System of Texas (TRS). TRS is one of the largest pension funds in the world at $130 Billion, serving the investment and benefit needs of over 1.3 million teachers in the State of Texas. TRS maintains investments and exposure in a wide range of markets and asset classes, including domestic and international public markets, private equity, real estate, infrastructure, and venture capital. Cheryl heads the $2 Billion TRS Emerging Managers Program which makes investments in early stage or small/middle market opportunities. The TRS Emerging Manager Program has been recognized across the industry, having received several awards, including most recently: NAIC Pacesetters Award, Toigo Innovative Leadership Award, Consortium Impact Award, and the AAAIM Capital Access Award.
James Hughes, Managing Director, Head of Investment Risk, Canada Pension Plan Investment Board
James joined CPP Investment Board in 2011 and is responsible for leading the Investment Risk function with accountabilities for the measurement, analysis, and oversight of risk across all of the investment portfolios.
Prior to joining CPP Investment Board, James worked for BMO Financial Group where he held a number of increasingly more senior roles over a 13 year period. Over the last several years as a Managing Director, he had responsibility for the global risk oversight, valuation, reporting and analytics, and infrastructure functions within the Market Risk group.
James holds a PhD in theoretical physics from the University of Toronto.
Andy T. Iseri, CFA, Senior Vice President, Callan Associates, Inc.
Andy T. Iseri, CFA, is a Senior Vice President and non-U.S. investment consultant in Callan’s Global Manager Research group. He is responsible for research and analysis in the non-U.S. and global asset class including developed and emerging equity, issues surrounding currency management, as well as, matters related to ESG investing. He oversees manager searches, conducts on-site visits, and attends finalist interviews. Andy is a shareholder of the firm.
Prior to joining Callan, Andy spent six years selecting and evaluating U.S. and non-U.S. equity managers for the California State Teachers’ Retirement System. Prior to that, Andy managed and traded U.S. fixed income assets at CalSTRS. He also assisted in the plan’s currency, securities lending and credit enhancement programs. Before joining CalSTRS’ investment division Andy was a Senior Accountant in the plan’s benefit accounting group
Andy earned a BS in Business Administration - International Business at California State University, Sacramento. He belongs to CFA Institute, CFA Society of Sacramento, and earned the right to use the Chartered Financial Analyst designation.
Rodney June, Chief Investment Officer, Los Angeles City Employees' Retirement System
Rod began his career in the Investment Division of the Los Angeles City Employees’ Retirement System (LACERS) in 1998; he has been its CIO since 2012. Prior to being named CIO at LACERS, he served for four years as CIO for the State of Hawaii Employees’ Retirement System, where he developed a long-term operational strategic plan, and launched an in-state innovative technology investment program. Prior to joining LACERS, he spent seven years with the Los Angeles Housing Department, where he was responsible for financing and developing multifamily low income housing. He holds a B.S. in finance from California State University, Long Beach and an M.B.A. from Auburn University.
Andrew Junkin, CFA, CAIA, Managing Director, Wilshire Consulting
Andrew Junkin, a Managing Director with Wilshire Associates, is a member of Wilshire Consulting. He is responsible for providing service to a variety of corporate and public retirement plans ranging in size from $1 billion to over $300 billion. Andrew has been ranked by CIO Magazine as one of the 25 most influential consultants globally for each of the past three years. Mr. Junkin joined Wilshire in 2005 to work with the firm's consulting clients, and currently sits on Wilshire Consulting’s Investment Committee. He has 20 years of investment experience, 19 years of which have been in the consulting industry. Prior to joining Wilshire, he was director of research and senior consultant at Asset Services Company where he provided advice to institutional investors. He earned a B.S. from Oklahoma City University, attended business school at the Price College of Business at the University of Oklahoma and earned his MBA from The Wharton School of the University of Pennsylvania. Mr. Junkin holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations.
Pete Keliuotis, Senior Managing Director, Cliffwater LLC
Pete is a Senior Managing Director of Cliffwater LLC in our New York office and a member of our portfolio advisory team. Prior to joining Cliffwater in 2014, Pete was a Managing Director and CEO of Strategic Investment Solutions where he led the general and private markets consulting teams and consulted to several large institutional investors. Previous experience includes working as a principal and senior consultant at Mercer Investment Consulting and working at Hotchkis and Wiley and Northern Trust Company.
He earned a BS in Economics from the University of Illinois at Urbana-Champaign, his MBA in Analytic Finance from the University of Chicago Booth School of Business, and holds the Chartered Financial Analyst® designation.
Guan Seng Khoo, PhD, Vice President, Head, Enterprise Risk Management, Alberta Investment Management Corporation, (AIMCo)
GS Khoo has over 24 years of data-mining, management and startup work-experience, focusing on risk and hedge fund analytics. He joined Temasek Holdings (S’pore’s USD 170 bil SWF) in 2009 from Standard Chartered Bank, where he was the Global Head/MD, Group Risk Analytics, heading the global team performing all global risk models validation for Basel & BIPRU compliance, and liaised with all the financial regulators in Europe, Asia, Africa and the Middle East, including the FSA (UK), the FSS (Korea), CBRC, HKMA and MAS (Singapore). At Temasek Holdings, he focused on developing novel investment performance and portfolio risk management metrics, applicable across the whole spectrum of investment asset classes and horizons. He joined Alberta Investment Management Corporation (AIMCo) in 2011. In his other previous roles, he designed and managed an algorithmic hedge fund at Man Investment Products (Man Group plc.) in the 90s, was Head of Innovation (Strategy & Business Devt.) at the Singapore Exchange, was Group Chief Risk Officer at a SE Asian conglomerate (RHB Capital, Malaysia) and was based in Chicago and Denver in 2001-02 at American Bourses Corp (spun off from the Man Group), providing investment and trading analytics to clients trading on the ECNs in N America and in the Asia-Pacific. He also provided advisory services to the regulators, family offices, research institutes, global and Asian banks in the Asia-Pacific region on data-mining, ERM, Basel 2 and 3. In addition, he has also advised startup companies in S’pore, Silicon Valley and Vancouver, B.C. He has a PhD in Physics, and has done post-doctoral work at Nagoya University, MSI’s (Molecular Simulations Inc.) research centers at Caltech (Pasadena, California), Boston and at Teijin-MSI in Tokyo, Japan on computer-aided drug design. In academia, he published over 30 journal papers on financial engineering, artificial intelligence (AI) applications in financial markets and materials science.
He has also published chapters on sovereign investing in “Sovereign Investments” (Riskbooks/IncisiveMedia, 2013), enterprise risk management for financial institutions in “Operational Risk 2.0”, (Riskbooks/IncisiveMedia, 2007), investment management in "Sovereign Asset Management for a post-crisis World", (Riskbooks, 2011). Other publications included articles in Investment & Pensions Asia (IPA) magazine (Sept/Oct issue, 2010) where he demonstrated a deficient frontier outcome (instead of efficient frontier), entitled, “Rethinking Investment Decision-making post-GFC (Global Financial Crisis)” as well as on “Strategic Risk Allocation” in IPA Magazine (Sept/Oct 2011 issue). He has also been a speaker on ICAAP, Stress Testing, Model Validation and Economic Capital at RISKMINDS (Geneva, 2008) and RISKCAPITAL (Brussels, 2009), panelist on “Investing Beyond BRICs” at the 2013 Taft-Hartley Pension Fund Forum in Los Angeles, "Long-term Investing" & "Hedge Fund Investing" at the 2012 Asia & Middle East Govt. Funds Roundtable, (Institutional Investors, Nov, 2012) and on “Emerging Markets and FX Risks” at the Asian Pension Funds Roundtables (Pacific Pension Institute, 2010-2012). He has also presented a paper on “Valuation & Risk Issues in Illiquid Investments”, in Seoul, S. Korea for Korea’s pension fund association in 2012.
Marc L. Leavitt, CAIA, Director, Absolute Return Strategies, Texas Municipal Retirement System
Based in Austin, TX and with assets of approximately $24 B, TMRS is a statewide retirement system that provides benefits for employees of approximately 850 participating Texas municipalities. Marc has been a member of the Texas Municipal Retirement System since December 2014. He is responsible for all aspects of their absolute return portfolio. Prior to TMRS, he was Co-Director and Portfolio Manager at Texas Permanent School Fund ($30 B Endowment) in the Global Risk Control Strategies Group. Prior to TPSF he was an Investment Manager at Blueprint Capital, a family office located in Austin, TX. Marc was also a member of the Investment Team at Austin Capital Management, a fund of fund, and a Senior Analyst (Alternative Investments) at the investment consulting firm NEPC in Cambridge, MA. He graduated from Brigham Young University (B.S.), received his MBA (Finance) at the University of Rochester (Simon School) and is a CAIA charter holder.
William D. Lee, CFA, Chief Investment Officer and Vice President, Foundation & Penion Investments, Chair Investment Committee, Kaiser Permanente
William Lee is Chief Investment Officer and Vice President of Foundation and Pensions Investments at Kaiser Permanente. He has served as chair of Kaiser Permanente's Investment Committee since 2005. Bill oversees approximately $70 billion in defined contribution, pension and foundation assets. He managed interest rate and foreign exchange risk for Bank of America's global proprietary desks in the 1980's, then left for eight years to work as a police detective. In 1994 he returned to Bank of America, where he helped develop equity and fixed income risk models before becoming senior vice president and chief investment officer for Bank of America's retirement plans. Bill managed the Levi Strauss Foundation and Red Tab Foundation assets as well as the Levi Strauss domestic and international retirement plans. He is a chartered financial analyst (CFA) and graduate of Harvard Business School’s Executive Leadership Program.
John Linder, CFA, CPA, Consultant, Principal, Pension Consulting Alliance, Inc., (PCA)
Mr. Linder is a senior consultant with Pension Consulting Alliance, providing ongoing and project-based advice to investment committees, boards, and executive staff of plan sponsors. In addition to his client facing responsibilities, he conducts ongoing research on capital markets, portfolio construction, risk management and investment strategies.
He and his family reside in the beautiful wine country of Oregon. He received his BA from Middlebury College, and his Masters from the Kenan-Flagler School of Business at UNC Chapel Hill.
Jeffrey MacLean, CEO, Wurts & Associates, Inc.
Mr. MacLean, Chief Executive Officer, joined Wurts & Associates in 1992. Mr. MacLean is primarily responsible for managing the firm and providing investment advice to several clients. With over 25 years of investment experience, he has longstanding consulting experience with all asset classes working with corporate defined benefit plans and defined contribution plans, public institutions, multi-employer trusts, endowments, and foundations.
Mr. MacLean chairs the firm’s Management Committee and serves on Wurts & Associates’ Research Advisory Committee, which provides strategic guidance to the firm’s research staff on the important issues affecting clients and vetting the research department’s initiatives. Mr. MacLean often speaks at various investment forums regarding the macro-economic environment, asset allocation, risk management, alternatives, and industry trends. Prior to joining Wurts & Associates, Mr. MacLean was Vice President of Shurgard Realty Group, a real estate advisory firm. He also worked as a consultant for Arthur Andersen & Company.
Mr. MacLean currently volunteers for Children’s Hospital of Los Angeles and he serves on the Advisory Board for the University of Washington Foster School of Business. He is also currently a member of the Young Presidents Organization and Past Chair of the Golden West Chapter.
Mr. MacLean holds a Masters Degree in Business Administration (MBA) from the Darden School of Business and a Bachelors Degree in Business Administration (BBA) from the University of Washington. He served as student body president his senior year at the University of Washington.
Micolyn Magee, Principal, The Townsend Group
Micolyn Magee is a Principal of The Townsend Group. Ms. Magee is responsible for the management and oversight of the San Francisco office and is the consultant to various city, county and state pension plans. She has primary responsibility for strategic planning, portfolio analysis, investment planning, manager and fund due diligence, performance measurement and client relations. As the lead Principal on various accounts, Ms. Magee provides program structuring across a broad range of risk/return objectives, manager selection and oversight as well as performance analytics. Programs include a range of structures including separate accounts, commingled funds, and co-investments working with traditional and emerging managers as well as public companies.
Prior to joining The Townsend Group in 1998, Ms. Magee was a founding member and Manager of the Real Estate Consulting Group at Callan Associates where, during her ten year tenure, she provided similar consulting services to direct real estate, as well as general consulting, clients.
Ms. Magee is a an active member and former Board Chair of the Pension Real Estate Association (PREA) and an active member of the State Association of County Employees’ Retirement Systems (SACRS). She represents investors on various Advisory Committees and holds an Editorial/Advisory Board seat for a number of industry publications and conferences. In addition, Ms. Magee has been a speaker at SACRS, PREA and numerous industry conferences.
Ms. Magee received a BA from the University of California, Los Angeles.
Kenyatta K. Matheny, Senior Investment Officer, Emerging Managers & Private Equity, The Teachers’ Retirement System of the State of Illinois
Kenyatta K. Matheny has 20 years of experience in finance including corporate banking, leverage finance and private equity. He joined the Teachers’ Retirement System of the State of Illinois in 2010 and co-manages a $5 billion private equity portfolio ($8B in commitments) as well as manages a $6.5 billion portfolio of investments in minority and woman- owned firms, which includes a $750 million Emerging Manager Program across all asset classes. Prior to TRS he was a Senior Vice President at Associated Banc-Corp where he led a team of corporate bankers and advised middle-market companies on senior debt transactions. Early in his career, he received leveraged finance and capital markets training at GE Capita where he underwrote leveraged buyouts up to $500 million while in another capacity at the firm managed a $300 million portfolio of LP investments in private equity funds. He received a B.S. in Public Finance and Economics from Indiana University and an M.B.A. from the University of Chicago, Booth School of Business where he was awarded the Robert A. Toigo Fellowship. He is also an adjunct professor of corporate finance, financial accounting and workforce diversity at Lincoln College, a private undergraduate institution and in the graduate MBA Program at Benedictine University.
Priya Mathur, Board of Administration, California Public Employees' Retirement System, (CalPERS)
Ms. Mathur serves on the Advisory Council of the United Nations-backed Principles for Responsible Investment Initiative, an investors’ network formed to advance sound environmental, social, and governance practices. She is also a member of the Investor Advisory Council for Astia, a global not-for-profit organization dedicated to the success of women-led, high-growth ventures.
Ms. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). In that capacity, she finances multi-billion dollar infrastructure projects, including BART?s $1.5 billion earthquake retrofit program.
Before joining BART in 1998, she was a consultant with Public Financial Management Inc., a leading advisor to local governments, bringing to market approximately $2.5 billion in municipal bonds.
Ms. Mathur has a master?s degree in business administration from the Haas School of Business, University of California, Berkeley, and a bachelor?s degree in economics and literature from Connecticut College.
She resides in San Francisco, which she has called home since 1995. She was raised in Lexington, Massachusetts, where her family settled following her father's emigration from Allahabad, India.
Jessica Matthews, Managing Director, Mission-Related Investing Group, Cambridge Associates LLC
Jessica heads the firm’s Mission-Related Investing (MRI) Group, a team dedicated to meet the demand for support in this area from our clients. She oversees a group of 28 professionals that support the MRI needs of our clients and consultants, including advising clients on MRI issues, evaluating MRI investment opportunities, expanding our MRI manager database, and publishing research reports on MRI topics. Jessica works directly with a variety of clients on their mission-related and socially-responsible investment programs, and also advises several institutions on general investment issues such as asset allocation strategy, manager selection, and program evaluation.
Prior to rejoining Cambridge Associates in 2008, Jessica was an Associate at Booz Allen Hamilton, specializing in transformation and change management for government clients in the Financial Services sector. Previously, she worked in the Investment Office at the American Red Cross, with a focus on the Alternatives Assets portfolio, and in the Global Consultant Relations group at BlackRock, where she cultivated and maintained relationships with investment consulting firms. Jessica began her career with Cambridge Associates as a consulting analyst.
Jessica graduated from the University of Virginia with a degree in Government and a minor in Economics.
Dan McAllister, Treasurer-Tax Collector, San Diego County, Board Member, San Diego County Employees Retirement Association, (SDCERA)
Dan McAllister was elected San Diego County’s Treasurer-Tax Collector in November 2002 and re- elected to his fourth term in June 2014 by an overwhelming 99% majority of the vote. Not only is he responsible for the collection of more than $5.0 billion in property taxes each year, but his office also manages the Investment Pool which reached an all- time high of $8.8 billion in April of 2014, ensuring that these funds are wisely invested and safeguarded for entities such as the school districts and cities in the County. Since assuming office, he has worked extensively to improve customer service, enhance communications and outreach initiatives, and has made numerous operational improvements. He is also a strong advocate for diversity. This is reflected in his staff, which encompasses professionals from all walks of life and backgrounds.
Dan also serves as a member of the San Diego County Employees Retirement Association, which manages more than $10 billion of investments. Additionally, he is a former chairman of the Board of Directors of the internationally recognized San Diego Convention Center Corporation. Prior to his election as San Diego County Treasurer-Tax Collector, Dan was a successful financial consultant and investment broker.
Dan contributes considerable time and resources to community service, such as serving as Chair of the San Diego Unified School District’s Special Audit and Finance Committee and is a participating member of the Boards of Directors of the Jackie Robinson YMCA; Mental Health America, San Diego; and Habitat for Humanity, San Diego. McAllister’s community service commitment dates back to his Peace Corps stint in the Western Pacific Country of Micronesia.
A second-generation San Diegan, Dan holds a Bachelor’s degree (BA) from California State University, Fresno, and a Master’s degree in Business Administration (MBA) from United States International University. He has also completed executive education programs in portfolio concepts and management at Stanford University and the University of Pennsylvania’s Wharton School.
Stephen P. McCourt, CFA, Managing Principal, Meketa Investment Group, Inc.
Mr. McCourt joined Meketa Investment Group in 1994. Mr. McCourt serves as the lead consultant for several institutional funds, with public, Taft-Hartley, endowment, non-profit, and corporate plan sponsors. His consulting work includes investment policy design, strategic and tactical asset allocation modeling, asset-liability modeling, investment education, and investment manager analysis. In addition, Mr. McCourt is a member of the firm's Private Equity Investment Committee and is integral to the development and oversight of customized private markets programs. Mr. McCourt heads Meketa Investment Group’s Global Macroeconomic Working Group, and manages the firm’s external Global Macroeconomic Advisory Committee.
Mr. McCourt sits on the Steering Committee of the University of California, SanDiego (UCSD) Economics Roundtable. Mr. McCourt speaks at numerous industry events including the Investment Education Symposium, the Corporate Funds Summit, the Endowment and Foundation Forum, the Global Investing Summit, the Private Equity Summit, and the International Foundation of Employee Benefit Plans (IFEBP) Annual Employee Benefits Conference. Mr. McCourt’s research papers entitled “Monitoring Investment Managers” and “Pension Fund Investing and the State of American Public Finance” have been published in the IFEBP’s Employee Benefit Issues publication.
He received his graduate degree, a Master of Liberal Arts (ALM) in History, from Harvard University, and his undergraduate degree in Economics and Political Science from the University of Vermont. Mr. McCourt received the Chartered Financial Analyst designation from the CFA Institute and is a Board member of the CFA Society of San Diego. Mr. McCourt is also a member of the International Foundation of Employee Benefit Plans.
Brian M. McDonnell, Managing Director, Cambridge Associates LLC
Brian is a Managing Director in Cambridge Associates’ Boston office and the leader of Cambridge Associates’ U.S. Pension Practice. He works with retirement plans and institutional investors who hire Cambridge Associates for nondiscretionary advisory services. Brian’s clients range in size from $100 million to nearly $3 billion.
The following are highlights from Brian’s recent client work:
- Developed rationale and implementation plan for large healthcare defined benefit plan to shift from intermediate to long duration fixed income exposure in order to reduce liability tracking error.
- Analyzed unique liability characteristics of cash balance defined benefit plan and developed appropriate hedging strategies.
- Implemented low beta growth portfolio in light of the current rate environment and analyzed their impact on anticipated funded status volatility.
Brian has over ten years of investment experience. Prior to joining Cambridge Associates in 2008, Brian was a Senior Associate at Parthenon Capital, a middle-market private equity firm in Boston with approximately $2 billion in assets under management. Prior to this, he covered the transportation industry as an Investment Banking Analyst at Morgan Stanley in New York City
Education and Professional Credentials
- MBA, Harvard Business School
- BA in Economics and Political Science, Williams College
Randall P. Mullan, Senior Portfolio Manager, Real Assets, Infrastructure & Forestland Group, California Public Employees' Retirement System, (CalPERS)
Randall Mullan is the Senior Portfolio Manager, Real Assets, Infrastructure and Forestland Group with CalPERS with responsibility for leading CalPERS’ Infrastructure and Forestland private investment programs. Prior to joining CalPERS in late 2008 he served with British Columbia Investment Management Corporation (bcIMC) leading and co-leading bcIMC’s infrastructure and private equity programs. In the course of his private investment career Randall has served as a director on boards for private companies in the software, biotechnology, and water and power infrastructure industries. Randall also served as a consultant to BC Hydro’s Powerex, advising on its deregulated power trading business. Randall began his finance career with the Province of British Columbia’s Provincial Treasury where he held numerous roles including Manager, Strategy & Risk Management for the C$30 billion government agency debt and derivatives portfolios. Randall holds a Master of Arts in Economics from Simon Fraser University.
Eileen L. Neill, CFA, Managing Director, Wilshire Consulting
Eileen Neill, a Managing Director with Wilshire Associates, is a member of Wilshire Consulting. She is one of six consulting team leaders responsible for providing investment consulting services to institutional plan sponsors including public pension funds, private pension plans, endowment / foundations, and insurance companies. These services include asset / liability studies, investment policy development and implementation, manager evaluation, selection and monitoring, performance measurement and evaluation, asset class and investment strategy research, plan sponsor education, and custom projects. Ms. Neill has been a consulting team leader at Wilshire for over ten years and has worked predominantly with large public pension funds with assets ranging from $5 to $150 billion during this period in the development and implementation of their respective investment programs. In addition to defined benefit plan consulting, Ms. Neill also engages in consulting to defined contribution plans, endowment/foundations, healthcare operating funds, and taxable clients.
Ms. Neill’s background at Wilshire includes development of attribution models and asset class and capital market research which resulted in white papers as well as dozens of asset / liability studies for both tax-exempt and taxable investors. Additionally, she has spoken at many conferences on a variety of subjects including derivatives investing, strategy implementation, performance-based fees, and portable alpha. Ms. Neill has been a Wilshire shareholder since 1998 and sits on Wilshire Consulting’s investment committee as well as on the Fixed Income and Specialty Fixed Income committees.
Prior to joining Wilshire in 1988, Ms. Neill was a senior financial analyst at Ford Aerospace Corporation. Ms. Neill was responsible for profit and budget forecast development, capital expenditure analysis, new business proposal development, and all financial reporting at the product line level. Ms. Neill earned a B.S. in Marketing Research from the University of Arizona and an M.B.A. in Finance from Chapman University. She holds a Chartered Financial Analyst designation and is a member of the Los Angeles Society of Financial Analysts.
Stephen L. Nesbitt, CEO, CIO, Cliffwater LLC
Steve is Chief Executive Officer of Cliffwater LLC and oversees all investment research as the firm’s Chief Investment Officer. Prior to forming Cliffwater in 2004, Steve was a Senior Managing Director at Wilshire Associates. From 1990 to 2004, Steve led the Consulting division at Wilshire Associates and also started and built its asset management business using a 'manager of manager' investment approach, including private equity and hedge fund-of-fund portfolios. Steve started his career at Wells Fargo Investment Advisors, an early pioneer in index funds, where he developed and managed index funds and oversaw asset allocation.
Steve is recognized for his investment research. His articles have appeared in the Financial Analysts Journal, The Journal of Portfolio Management, and The Journal of Applied Corporate Finance on issues covering performance fees, currency hedging, gauging private equity performance, and corporate governance. His “firsts” include creating a “smart” index fund (1979); measuring the benefits of corporate governance and coining the term “CalPERS Effect” (1994); designing and implementing an institutional performance fee structure (1987); measuring the cost of “Buy High, Sell Low” in mutual fund cash flows (1995); creating State Pension Surveys on Funding (1991) and Performance (2012); and measuring the private-to-liquid alternatives performance discount (2013).
Steve is best known for his research on Asset Allocation and Portfolio Construction, covering over 30 years of annual long term expected returns and risk across asset classes. At Cliffwater, he has led research on the components of hedge fund return and risk and proper construction of a portfolio of hedge funds.
Steve graduated summa cum laude, with a BA in Mathematics and Economics from Eisenhower College (Rochester Institute of Technology), and an MBA, with Distinction, from The Wharton School at The University of Pennsylvania.
Andrew C. Palmer, CFA, Deputy Chief Investment Officer, Director of Fixed Income, Tennessee Treasury Department, Investment Division, Tennessee Consolidated Retirement System
Andrew Palmer, CFA is Deputy Chief Investment Officer, Director of Fixed Income for the Tennessee Consolidated Retirement System. Previously he was the Director of Fixed Income for ASB Capital Management, a Washington, DC based institutional investment advisory firm. In addition to his role as Director of Fixed Income, he is leading the construction of a Strategic Lending Portfolio, is a member of the Private Equity and Real Estate Committees and shares in the responsibility for tactical asset allocation and new product development. Andrew is a member of the ILPA, has been active in the CFA program and was President of the Washington Association of Money Managers. Mr. Palmer received a BA and a MA in Economics from the University of Maryland.
Eugene L. Podkaminer, CFA, Senior Vice President, Capital Markets Research, Callan Associates, Inc.
Eugene L. Podkaminer, CFA, is a Senior Vice President and a consultant in the Capital Markets Research group. Eugene is responsible for assisting clients with their strategic investment planning, conducting asset allocation studies, developing optimal investment manager structures, and providing custom research on a variety of investment topics. Eugene is a shareholder of the firm.
Prior to joining Callan in 2010 Eugene spent nearly a decade with Barclays Global Investors. As a Senior Strategist in the Client Advisory Group he advised some of the world’s largest and most sophisticated pension plans, non-profits, and sovereign wealth funds in the areas of strategic asset allocation, liability driven investing, manager structure optimization, and risk budgeting. As Chief Strategist of Barclays’ CIO-outsourcing platform Eugene executed CIO-level functions for corporate pension plans and endowments. Eugene was also a Senior Investment Consultant with Alan Biller and Associates.
Eugene received a BA in Economics from the University of San Francisco and an MBA from Yale University. He earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Society of San Francisco and CFA Institute. He is a frequent speaker on investment related topics and has been featured in numerous publications. His paper on risk premia investing, “Risk Factors as Building Blocks for Portfolio Diversification: The Chemistry of Asset Allocation,” was featured in Investment Risk and Performance, a CFA Institute publication.
Phil Roblee, Senior Investment Officer – Multi-Asset Active Strategies, School Employees
Retirement System of Ohio
Phil Roblee is a Senior Investment Officer at the School Employees Retirement System of Ohio. He is responsible for overseeing the Multi-Asset Strategies Portfolio.
Kirk T. Rostron, Board of Trustees, Investment Committee, Florida State University Foundation
Kirk T. Rostron is a member of the Mercury Capital Distribution team. He was previously Founder and Managing Partner of the Mt. Vernon Group, an alternative investment placement agent. Prior to that, Mr. Rostron served as a Director in Merrill Lynch’s Hedge Fund Development and Management Group focusing on worldwide private placement of alternatives. He was also Director and Head of U.S. Capital Introduction in Merrill Lynch’s Global Equity Finance and Services Group, which he started. He previously served as COO and Executive Vice President for Hovde Capital Advisors. Earlier, he founded and later sold Hedgecall.com, a service of Investor Broadcast Network that was seeded by Intel Capital Group, Safeguard Scientific, and Paine Webber. He holds a Bachelor of Arts degree in International Affairs and Economics from Florida State University and a Master’s Degree in International Economic Integration from the University of Birmingham (U.K.). He is also the founder of the No Greater Sacrifice Foundation, (‘NGS”) whose nationwide mission is dedicated to advancing the higher education of the children of America’s fallen and wounded service members. He also serves as a Trustee on the Board of the Florida State University Foundation and the Board of Governors for the Florida State University School of Business. He is a Series 7 and 63 registered person with Mercury Capital Advisors, LLC, which is a member of FINRA and a securities broker-dealer in the United States.
Kelli Schrade, CFA, CAIA, Managing Partner, Director of Manager Research, Marquette Associates, Inc.
Kelli Schrade is the director of manager research for Marquette Associates, with primary oversight of the domestic equity managers. An owner of the firm, Kelli has been with the company since 2006. She serves as the chair of both the traditional and alternative investment manager search committees.
Before joining Marquette, Kelli was an investment advisor with Christian Brothers Investment Services. She also served as a managing editor and fund analyst at Morningstar, Inc. for seven years, specializing in domestic-equity funds. Kelli has been quoted as an expert on investments throughout the national media, including Barron's and The Wall Street Journal. She has been a featured speaker at leading industry conferences on all aspects of manager due diligence and selection.
Kelli holds a B.A. in English from Kenyon College. She also holds the Chartered Alternative Investment Analyst designation and is a member of the CAIA Association®. Kelli is currently pursuing an M.B.A. at the University of North Carolina at Chapel Hill - Kenan-Flagler Business School. In addition, Kelli is a member of the CFA Institute, the CFA Society of Chicago, NASP (National Association of Securities Professionals), and the Executives’ Club of Chicago. She also serves as a board member for Women Investment Professionals - Chicago.
Lincoln Smith, CFA, Portfolio Analyst, Albourne America, LLC
Lincoln Smith is a Partner at Albourne having joined in October 2007 and works as a Consultant at the firm. He helps clients construct customized portfolios of hedge funds that meet their Investment Guidelines and also works on the firm’s risk aggregation initiatives. Mr. Smith’s clients span public and private pension plans, endowments and foundations, and family offices.
Prior to Albourne, Mr. Smith started his career as an Analyst in 2003 for Grosvenor Finance which operates a fund management business out of Australia and New Zealand.
Mr. Smith has a Post Graduate Diploma in Finance from Otago University (NZ) and a Degree in Economics also from Otago University. He holds the Chartered Financial Analyst designation.
Jennifer Urdan, Managing Director, Cambridge Associates LLC
Jennifer is a Managing Director in Cambridge Associates’ Menlo Park office. She works with public funds, retirement plans, universities, foundations, and private clients in the US and Asia ranging in size from $40 million to over $250 billion. Jennifer is a regular contributor to the firm’s private investments research and serves on the firm’s private growth research committee. She also frequently presents at firm and industry conferences. Additionally, Jennifer was named in the Chief Investment Officer’s annual ranking of the 25 most influential consultants in the institutional investment universe.
Prior to joining Cambridge Associates in 1998, Jennifer was a senior member of the private capital group at Robertson Stephens & Co., where she originated, structured, and placed private equity financings for expansion stage venture-backed companies. Prior to this, she served as vice president at J.P. Morgan. In her role, Jennifer established and managed client relationships, conducted corporate finance advisory work, and originated and executed debt, convertible, and equity offerings in the public and private markets as well as exposure management transactions. She worked with clients in the US and Asia and across a broad range of industry sectors.
AB, Stanford University
Jim Vos, Chief Executive Officer, Aksia
Jim has over 29 years of fund of hedge funds, research and derivatives experience in New York, London and Tokyo. Jim co-founded Aksia in October 2006 and serves as the firm’s CEO. Jim is responsible for the overall management of Aksia and also leads the firm’s top down sector and strategy analysis.
Prior to Aksia, Jim headed Credit Suisse’s Hedge Fund Investment Group from its inception through December 2005. The group combined the fund of hedge funds investment management of the firm’s investment bank and asset management divisions and had over $8 billion of total AUM at its peak.
Jim started his career in 1985 when he joined Credit Suisse’s Portfolio Strategies group, working on portfolio dedications, immunizations, and total return analysis. In 1987, Jim joined the research department in Tokyo where he ran a fixed income research desk. In 1991, he relocated to New York and joined Credit Suisse Financial Products, a derivatives trading boutique. From 1991 to 1997, Jim was responsible for structuring and marketing for the asset management, hedge fund and insurance areas. In 1998, Jim launched the Sapic-98 Fund of Hedge Funds, Credit Suisse’s first institutional multi-strategy fund of hedge funds. In 2000, Jim transferred to London where he managed the investment bank’s fund of hedge funds group as well as the Fund Linked Products business. In 2003, Jim took over responsibility for investment management for the firm’s Hedge Funds Investment Group.
Jim graduated from the University of Pennsylvania in 1985 with a B.A. in Economics. Jim was recognized as Hedge Fund Consultant of the Year in 2009 and 2010 by Institutional Investor.
Allen E. Waldrop, CFA, Managing Director, LP Capital Advisors, (LPCA)
Allen Waldrop joined the Firm in 2005 and is a Managing Director based in Sacramento, California. Mr. Waldrop, who has 12 years of private equity experience, leads the private equity advisory services for the Firm which includes overseeing the Firm’s investment research, sourcing, screening and due diligence efforts as well as the delivery of those services to clients. In addition, Mr. Waldrop serves as the lead consultant for several U.S. clients and is a member of the Firm’s investment committee.
Prior to joining LP Capital Advisors in 2005, Mr. Waldrop spent nine years at KPMG LLP in a variety of roles. From 2002 through 2005, Mr. Waldrop focused on serving institutional investors in private equity, assisting with monitoring private equity investments, analyzing strategic relationships and performing fund, co-investment, and secondary due diligence. Additionally, he served as technical advisor and project manager to the Private Equity Industry Guidelines Group (PEIGG) and has also provided education and technical support to the Institutional Limited Partners Association (ILPA). From 1997 through 2002, Mr. Waldrop provided audit and transaction advisory services, including financial and operational due diligence and analysis, on a broad range of companies and transaction types.
Mr. Waldrop received a B.S. in Accounting from San Diego State University, is a CFA Charterholder and a CPA (California).
Laurie Weir, Senior Portfolio Manager, Targeted Investment Programs, California Public Employees' Retirement System, (CalPERS)
Laurie Weir is a Senior Portfolio Manager leading the Targeted Investment Programs for the California Public Employees’ Retirement System (CalPERS) Investment Office.
In this capacity, she oversees key initiatives for all asset classes, such as California-focused investment strategies, emerging manager investment programs and diversity and inclusion initiatives. Laurie also oversees all Investment-related public affairs, communications, and stakeholder engagement.
Before joining CalPERS, Laurie served as Deputy Treasurer of the State of California. There, she was responsible for the oversight of tax credits and tax exempt bond allocations, and provided advisory services to California’s business, development, and finance communities. While at the Treasurer’s Office, Laurie served as the Executive Director of the California Debt Limit Allocation Committee allocating over $3 billion per year in bonding authority.
Laurie has served on the Board of Directors of the California Housing Finance Agency and the Greenprint Foundation, and she chaired the Property Working Group of the United Nations Environmental Program Finance Initiative.
Laura B. Wirick, CFA, CAIA, Consultant, Meketa Investment Group, Inc.
Ms. Wirick joined Meketa Investment Group in 2008. She serves as the lead consultant on Public, Endowment, and Foundation clients, with a focus on investment and asset allocation policy, investment manager selection, and oversight of client portfolios, in addition to asset-liability modeling studies. Ms. Wirick is a member of Meketa Investment Group’s Marketable Securities Investment Committee, the Strategic Asset Allocation/Risk Management Committee, the public markets research team, and the private debt team.
Prior to joining the firm, she was a Senior Investment Analyst for the Dartmouth College Endowment. While at Dartmouth, she participated in setting asset allocation policy, and selecting and monitoring both traditional and alternative investment managers for the Endowment. Prior to that, she worked with endowments and foundations as a Senior Consulting Associate at Cambridge Associates, where her responsibilities included both qualitative and quantitative analysis of client portfolios and research on fund governance issues.
Ms. Wirick received a bachelor’s degree in Business Administration with concentrations in Finance and International Marketing from American University. She holds the Chartered Financial Analyst designation, and is a member of the CFA Society of San Diego. Ms. Wirick also holds the Chartered Alternative Investment Analyst (CAIA) designation and is a member of the CAIA Association®.
Ping Zhu, CFA, FRM, CAIA, Vice President, Strategic Investment Solutions, Inc, (SIS)
Ping Zhu, CFA, FRM, CAIA, is Vice President at Strategic Investment Solutions (SIS), responsible for manager due diligence and monitoring within the fixed income and hedge funds space. Prior to joining SIS, Ping was a senior research analyst at Alan Biller & Associates, focusing on manager research across traditional and alternative asset classes. Ping also served as a financial analyst for Fullerton Capital Partners and was responsible for creating equity research models for the hedge fund. In addition, Ping has over six years of engineering and management experience at Micronas USA Inc., where he was a founding member of the firm. Ping is a Chartered Financial Analyst charterholder and is a member of the CFA Institute. He has also earned the right to use the Financial Risk Manager and the Chartered Alternative Investment Analyst designations.
Ping earned an MS/BS in Electrical Engineering from University of Electronic Science and Technology of China, and an MBA from University of California, Berkeley.