1. Day 1: June 17th, 2009
7:30 Registration & Continental Breakfast
8:15 WELCOME FROM INFORMATION MANAGEMENT NETWORK
8:20 CHAIRPERSON’S OPENING REMARKS
8:30 OPENING KEYNOTE ADDRESS
9:00 SOUTHEAST PUBLIC PENSION FUND PENSION FUND OVERVIEW:
EXECUTIVE ROUNDTABLE
Pension fund executives will discuss the affects of the current Recession and what the
President’s economic stimulus package means to their funds
• Proposed new initiatives from the stimulus package
• What are some of the structural constraints in the bill that might need to be addressed?
• Challenges the public funds are facing and proposed solutions from a portfolio and
constituent standpoint.
• Present response to current market volatility and its impact on fund stability.
Panelists:
John Keane, Executive Director, JACKSONVILLE POLICE & FIRE PENSION FUND
9:45 CORPORATE GOVERNANCE: RECENT RESPONSE DRIVEN FROM THE
CAPITAL MARKET CRISIS
Public pension have invested trillions of dollars in various holdings, as such they are
able to exert weight and influence in matters of regulation and corporate governance.
Today, many investment banks and hedge funds have had to retool and review their
executive compensation packages in order to stay afloat. What is the role of public
pension fund in requiring a standard for operations, best practices and transparency? In
this session legal and executive leadership will provide insights into recent
developments in which public pensions are wielding influence within the investment
community. Topics include:
• Transparency in asset management
• The role of the executive compensation committee

2. • Proxy voting of shares by pension plans or their custodian
• Corporate governance victories achieved through shareholder litigation
10:30 Networking Coffee Break in Exhibit Hall
10:45 PRIORITIZING YOUR ASSETS IN THIS TURBULENT MARKET
ENVIRONMENT
This past year has seen investment strategies tested at every possible angle. Investment
vehicle have been dissected and examined for performance, transparency and volatility.
Pension funds have realigned their portfolios, migrated funds back to fixed income
strategies, and reevaluated their equity plays. This session will review asset allocation
strategies and how it is being managed during the current economic tide.
• What can we learn from the past to create the optimal mix?
• How much diversification can an asset class handle?
• What is considered traditional in the new millennium and how have innovative twists
played out so far?
11:30 GLOBAL EQUITIES INVESTING IN DEVELOPED OR EMERGING
MARKETS
Global equities have been gaining in popularity and consultants continue to advise plan
sponsors on how to move towards global equity strategies. Consultants and plan
sponsors discuss the benefits of diversifying the equity portfolio:
• Evaluating growth vs. value in regional, sector and emerging equities
• Global vs. domestic performance
• Trending toward global equities: research update
• Success stories: plan sponsors taking the global approach
12:15 Luncheon
1:15 CAPITALIZING ON DISTRESSED INVESTMENTS
Distressed investments offer plan sponsors the upward potential to compensate for
losses incurred in the credit crunch. As a result of ABS, MBS and CDO instruments
delivering palpable losses, institutional investors are exploring how to reallocate assets
for better performance. This session discusses:
• The distressed market 2009/10
• The case for distressed investments
• Risks associated with distressed investments
• Is there a new cycle approaching?
2:00 GREEN INVESTMENTS
With today’s markets, trustees and pension fund investors must now consider broader
environmental risks, climate change and scarcity of natural resources. Several states
have been actively involved in changing legislation as part of a coalition to reduce U.S.
greenhouse gas emissions over the next 42 years. This year has seen further
developments in clean tech energy, infrastructure as well as equity and fixed income
based green strategies. These products have the potential to further expand and improve
the institutional investment portfolio. This session will look at:

3. • How much ‘green’ should be sacrificed to boost investment returns?
• How various environmental developments in the next decade could impact
legislation, policies and thereby investments
2:45 HOW TO EVALUATE PERFORMANCE: GETTING THROUGH THE STORM
Throughout this economic climate, it can be difficult determining how investments are
being affected. Is it the market or the manager? This session addresses the key issues
pension fund staff are faced with the decision of changing managers or letting the
market play out. Learn how to set up accountability systems for monitoring
performance of external managers given limited in-house staff with multiple
responsibilities.
• How to choose and evaluate a manager?
• The selection process: writing and using an RFP
• Manager fee structures and negotiating fees
• Managing managers in terms of expectations, communications and reviews
• When to change managers
3:30 Networking Refreshment Break in Exhibit Hall
3:45 TAKING A SERIOUS LOOK AT SRI
As companies have increasingly embraced corporate responsibility, be it by adopting
quot;greenerquot; policies or a better work environment, it has become clear that such new
philosophies are here to stay. Once viewed skeptically by investment professionals,
today there is a growing belief that what is good for the environment and society, can be
good for investor returns.
4:00 REGIONAL INNOVATIONS: WHAT LIES AHEAD?
Pension leaders constantly seek out new ways to address risk/return challenges and
improve pension fund management. In this session, trustees and directors discuss
emerging challenges and innovative strategy ideas. This think-tank interacts with the
audience and discusses which new solutions are emerging from current experiences and
how these solutions will meet future challenges:
• What challenges do public plans face when managing their portfolios?
• Which pension management strategies are working and which are not?
• What new investment opportunities are on the rise in the year ahead?
4:45 DEFERRED RETIREMENT AND THE AFFECT ON THE PUBLIC PENSION
SECTOR
It seems the economic crisis is driving workers to stay in the labor market longer rather
than retiring or in some cases bring retirees back in the workforce. How does this play
out in terms of public sector pension plans?
5:30 Day One Concludes
Day 2: June 18th, 2009

4. 8:00 Continental Breakfast
8:30 Chairperson’s Recap
8:45 CONSULTANTS ROUNDTABLE: NEW TRENDS DESGINED TO CREATE
RETURNS IN THE CURRENT MARKET
Investment consultants are advising public pension funds weathering the market storm.
With all that the President and Congress are doing to jump start the economy,
consultants will have much to discuss amidst the continuing changes that to come. This
session discusses how consultants advise trustees and support pension fund
management within an increasingly complex set of operating rules.
• The consultant’s perspective on investment challenges facing public pension funds.
• Guidelines for sound investment policies - how to remain open to new opportunities
without over-exposure to risk.
• Determining best of breed managers - the challenge of long range sustainability.
• The emerging role of consultants in specialized areas.
9:30 THE EVOLVING DEFINITION OF FIDUCIARY RESPONSIBILITY
With changing levels of accountability and higher expectations within the marketplace
regarding best practices, how are fiduciaries coping with this added pressure in the
public fund system? We will define the evolving definition of fiduciary responsibility
and its impact on public funds. How are best practices rapidly evolving and how does
one manage the many changing expectations and accountabilities? This session will
gather leading regional experts to discuss the most prescient issues:
• What are the key guiding principles for fiduciaries?
• Fiduciary duties, breaches and ethical guidelines
• Understanding quot;Open Meetingsquot; law
• Keeping best practices current
10:15 THE NEW FIXED INCOME PORTFOLIO: TRADITIONAL DEBT
INSTRUMENTS VS. STRUCTURED PRODUCTS
Often perceived to be a drag on performance and vulnerable to interest rate fluctuations,
public plans are still required to put significant allocation of there funds to fixed income.
This portion of the portfolio can be energized with diverse fixed income products that
are somewhat uncorrelated to the market, but can produce better risk adjusted returns
than a core fixed income portfolio.
• Exploiting the meltdown in the credit markets.
• Adding emerging market sovereign debt.
• Holding convertible bonds in the fixed income portfolio.
11:00 Networking Coffee Break in Exhibit Hall
11:15 EQUITIES PERFORMANCE SCORECARD: GROWTH VS. VALUE
Despite the current issues within the investment market, and reports suggesting
institutional funds continue to flow out of US equity strategies, equities continue to play
an important role for investors looking to generate returns. In this session, panelists will
review the performance of both private and public equities while considering where and

5. when to invest.
• Definitions and distinctions for growth and value investing
• How do international small-cap equities portfolios compare with U.S. large and small-
caps?
• Domination of the small caps and mid caps: has the sub prime meltdown changed
their status?
• Is international investing as much a currency play as an equity play? The selection
process: are some markets/segments more attractive?
• How to evaluate emerging market opportunities
12:00 HEDGE FUNDS VS. FUND OF FUNDS: A RETURN TO VALUE
Historically, hedge funds offer higher returns with greater risk while fund of funds offer
lower volatility and greater transparency. In this session, we discuss the risks and
rewards of investing in hedge funds vs. fund of funds. This comparative discussion
covers:
• Can Plan Sponsors replicate the role of a Fund-of-Funds ?
• Benefits/drawbacks of investing in a Fund-of-Funds
• Benefits/drawbacks to direct hedge fund investing
• Risks involved with hedge fund investing generally
12:45 Conference Concludes