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LAST UPDATED: Monday, June 02 2008
7:30 Continental Breakfast and Registration begins 8:15 CHAIRMENS' INTRODUCTION Speakers: Kevin LeBlanc, Vice Chair, TD ASSET MANAGEMENT Bill Moriarty, President and CEO, UNIVERSITY OF TORONTO ASSET MANAGEMENT CORPORATION 8:30 MARKET INSIGHTS AND MACRO OVERVIEW OF THE LOCAL AND GLOBAL ECONOMIES A discussion on the credit market meltdown almost one year after the fall. • Related issues include: • What exactly happened? What are the future implications of all these write downs? • What does it mean for investors? • How to manage risk going forward • Lessons learned and future implications • A talk on the Canada bailout proposal being headed up by Purdy Crawford. Others involved in resolution include: CDP, PSP. JP Morgan is an advisor. Moderator: Kevin LeBlanc, Vice Chair, TD ASSET MANAGEMENT Panelists: Myles Zyblock, Chief Strategist & Director of Capital Markets Research, RBC CAPITAL MARKETS Eric Lascelles, Chief Economics and Rates Strategist, TD SECURITIES 9:15 PENSION FUND ROUNDTABLE: ASSET ALLOCATION TRENDS AND PATTERNS • How would you describe your current asset mix? •What are the hot buttons for your pension fund? • Are you considering making any changes given current market conditions? What new asset classes and/or strategies are you considering? • What are the constraints to adopting these - cost, governance, measurement or other? • How often do you review your asset mix and consider making changes? Moderator: Janet Rabovsky, Practice Leader, WATSON WYATT Panelists: John Poos, Director, Global Pensions, NORTEL NETWORKS Stephen E. Quinlan, Past Chair, Board of Trustees, C.A.A.T. PENSION PLAN John Sabo, Chair of the Board, OMERS ADMINISTRATION CORPORATION Anca Drexler, Managing Director, Investment Operations, Research & Risk, OPTRUST 10:00 Refreshment Break 10:15 QUANTITATIVE INVESTING – TILTING STRATEGIES FOR TODAY’S VOLATILE MARKET • Going beyond broad-based benchmarks to market-based strategies • Absolute Return strategies • Value-Driven strategies • Did quant Investing fail us during sub prime summer panic? What is quant’s record? What risk controls are being put into place? • Do pension funds need to look inwardly to better assess risk? • Does the strength of the Canadian dollar give Canadian investors more options? Moderator: Chad McAlpine, Vice President, Quantitative Research, RBC CAPITAL MARKETS Panelists: Mark Holleran, Vice President - Equities, NEW BRUNSWICK INVESTMENT MANAGEMENT CORPORATION Brent Robertson, Principal, Quantitative Equity, OMERS CAPITAL MARKETS Dr. Omar Aguilar, Head of ING Quantitative Equity, ING INVESTMENT MANAGEMENT Frank Nielsen, Executive Director, MSCI BARRA
11:15 AN UPDATE FROM THE TSX Speaker: Rob Fotheringham, Senior Vice President, Trading, TSX GROUP 11:35 ASSESSING THE COMPETITIVE CHALLENGES FOR TMX GROUP • How does it position Canada to be competitive on a global level? • What is the vision? Speaker: Peter Haynes, Managing Director, TD NEWCREST 11:55 MARKET STRUCTURE CHANGES: NEW TRADING TRENDS AND INNOVATIONS IN CANADA What are the key developments in the Canadian marketplace for institutional investors? How does the present competitive landscape benefit investors and what future changes will bring additional benefits? What does best execution mean for the buy side and sell side? How is it being measured? • Best execution - its meaning and measurement • Recently, buy side investors have had to deal with Dark Pools Issues and multiple trading platforms. How has this changed the marketplace and mindset of institutional investors • The issue of Dark Pools is new to the Canadian landscape. In the contect of "best execution" and providing continuous trading platforms, how does this impact Canada? Moderator: Jackie Chung, President, COMPETITIVE METRICS INC. Panelists: John Reilly, Head, Canadian Equity Trading, RBC CAPITAL MARKETS Nicholas Thadaney, Chief Executive Officer, ITG CANADA Rishi Nangalia, Managing Director, GOLDMAN SACHS Doug Clark, Managing Director, Quantitative Execution Services, BMO CAPITAL MARKETS 12:45 LUNCHEON AND KEYNOTE SPEAKER CANADA - COMMENTARY ON THE FIVE MOST PRESSING DOMESTIC AND INTERNATIONAL CHALLENGES • The War in Iraq • Afghanistan • North Korea • Israel • Hopes & Fears for the November U.S. election from a Canadian Perspective Speaker: Peter Kent, Journalist
2:00 ALTERNATIVE INVESTMENTS The removal of regulatory constraints on non-Canadian investments, one would expect that Canadian plan sponsors would start moving assets away from Canada hoping that the increased cross border diversification would help them maintain their current positive funding and solvency levels. In a recent survey, 74% of Canadian pension plans revealed just that. They are shifting their allocation out of equities altogether in favor of alternative investments, such as hedge funds, commodities and private equity. • Which assets have brought the best returns over the one to five year periods and which have been underperforming? • What new strategies are being considered for approaching alternative assets? • What challenges are being faced in making changes to asset allocation? Moderator: Peter Wright, Director, BFINANCE Panelists: Robert Bevan, Principal, TOWERS PERRIN Brian White, Vice President, AON CONSULTING Carmen J. Gigliotti, Managing Director, Private Markets, DUPONT CAPITAL MANAGEMENT Emmanuel Matte, Director, UBS GLOBAL ASSET MANAGEMENT 3:00 CANADIAN FUNDS TAKE HOLD OF REAL ESTATE There is a growing trend by Canadian pension plans to invest in real estate especially in the U.S. For example, the CPP Investment Board closed a $500 million real estate transaction that includes a $300 million investment in a joint venture which will invest in Class A office properties in the United States, and a $200 million investment in a direct real estate investment strategy. • Why is there a focus on investing in U.S real estate? • With the recent subprime meltdown, what effect has it had in the real estate sector? Why has it not affected Canada like Europe? • What other opportunities or countries are on investor’s maps? Moderator: Ronald Kruschen, Principal & Consultant, API ASSET PERFORMANCE INC. Panelists: Michael Jett, Senior Vice President & Partner, QUADRANT REAL ESTATE ADVISORS Pierre Lajeunesse, Senior Portfolio Manager, HYDRO-QUÉBEC PENSION FUND 3:45 Refreshment Break 4:00 THE EVOLVING SECURITIES LITIGATION LANDSCAPE AND ITS EFFECTS ON THE INSTITUTIONAL PORTFOLIO Over the last decade, well in excess of USD 1 trillion in market capitalisation has been lost due to fraud and breaches of fiduciary duty committed by the management of publicly held companies. Institutional shareholders have established best practices in order to more effectively protect against these losses - namely portfolio monitoring, claims administration and, when necessary, securities and corporate governance-related litigation. This session will: • Discuss ways that institutional funds can take action to address corporate fraud, rein in excessive executive compensation packages and self-dealing in the boardroom, and reform corporate governance practices, including recent examples taken from the Nortel Securities Litigation, the Biovail Securities Litigation and cases arising from the subprime mortgage meltdown. • Discuss the shifting legal landscape facing institutional investors whose holdings have been damaged by corporate wrongdoing. • Discuss best practices for institutions to monitor and track potential claims and collect amounts available in securities settlements. Presenters: Steven Singer, Partner, BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP Mark Lebovitch, Partner, BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP 4:30 INFRASTRUCTURE INVESTMENTS – ONWARD AND UPWARD Infrastructure appears to be a growing asset class for many of Canada’s pension plans. CPP, for example is reporting that it is seeking to complete four to six large scale infrastructure transactions a year by 2010. One area in which they have been increasingly involved is infrastructure investments such as utilities, roads, bridges and ports. • The evolution of infrastructure as an asset class. • What infrastructure investment opportunities are on the horizon? • Why should pension plans consider infrastructure investing? • How does a plan invest, including a discussion on public-private partnerships? Moderator: Chris Kautzky, Senior Investment Consultant, HEWITT ASSOCIATES Panelists: Jerry Moskowitz, President, FTSE Americas, FTSE AMERICAS Darren Spencer, Global Head of Alternative Investments, AON INVESTMENT CONSULTING John Stinebaugh, Managing Partner, BROOKFIELD ASSET MANAGEMENT Srikant Dash, Head of Global Research & Design, STANDARD & POOR'S INDEX SERVICES 5:30 Cocktail Party Sponsored by: 
2:00 CREATING CUSTOMIZED INVESTMENT SOLUTIONS FOR YOUR HIGH NET WORTH CLIENTS • The benefits of creating a customized investment for your clients • The steps involved to create a customized solution • Examples of various success stories Presenter: Cindy Hansen, Managing Director, RBC CAPITAL MARKETS Panelists: Stephen Allen, Director, RBC CAPITAL MARKETS 2:45 HOW CAN YOU BE A BETTER ADVISOR/PLANNER? Advisor/planners constantly seek the most up-to-date information on how to best meet the needs of clients, especially in today’s complex market. This session explores what you need to know to best advise your clients on ETFS, structured products and portfolio modeling. • The latest in product innovations designed to fit any strategy. • Current solutions for managing risk and return. • How to deliver technical information in everyday language to your clients. Moderator: Som Seif, Chief Executive Officer and Director, CLAYMORE INVESTMENTS, INC. Panelists: Kenneth D. Norquay, Director, CASTLEMOORE INC. Don Vialoux, Author, TIMINGTHEMARKET.CA Jonathan Chevreau, Personal Finance Columnist, NATIONAL POST Scott Falconer, IA Training & Development, BMO CAPITAL MARKETS 3:45 Refreshment Break 4:00 USING ETFS IN RETAIL PORTFOLIOS As an advisor, you need to know how to best apply ETFS to your clients’ portfolios. This session provides you with a walk through of ETFS how they should fit and serve a portfolio strategy. • Go beyond traditional returns-based analysis to understand a fund’s investment strategy • Use holdings-based analysis to create more effectively diversified portfolios • Use ETFs to complement or enhance your actively managed portfolio Moderator: Larry Berman, Partner, Chief Investment Officer, ETF CAPITAL MANAGEMENT Panelists: Dale Powell, MBA,CFA, FCSI, Institutional Software Consultant, MORNINGSTAR RESEARCH, INC. Som Seif, Chief Executive Officer and Director, CLAYMORE INVESTMENTS, INC. Heather Pelant, Head of iShares Canada, BARCLAYS GLOBAL INVESTORS CANADA LIMITED Howard Atkinson, President, BETAPRO MANAGEMENT INC. 4:45 STRUCTURED PRODUCTS - HOW CAN THEY WORK FOR YOUR BUSINESS? In today’s volatile market, structured products have received a great deal of attention. This session explores structured products and how they should fit into an overall investment strategy. • Their role in offering principal protection • Tax efficiency • Diversification • A global perspective Moderator: Som Seif, Chief Executive Officer and Director, CLAYMORE INVESTMENTS, INC. Panelists: Christopher Kruczynski, Investment Executive, THE MARCHAND-KRUCZYNSKI GROUP AT SCOTIAMCLEOD Joe Burris, Head of Americas, ARETE CONSULTING LLC Todd Hargarten, VP & Director, TD NEWCREST 5:30 Cocktail Party Sponsored by: LAST UPDATED: Monday, June 02 2008
7:45 Continental Breakfast 8:15 CHAIRMAN'S RECAP Kevin LeBlanc, Vice Chair, TD ASSET MANAGEMENT 8:30 MULTIPLE TRADING PLATFORMS Multiple Trading Platforms – A discussion on the challenges and opportunities with new exchanges. Liquidity on all these exchanges is a big issue • There are technical aspects like trade-through, routing • Who will be arbiter of end of day pricing? • Issues for brokers, Issues for Buy-side managers • Liquidity is a great concern Moderator: Peter Haynes, Managing Director, TD NEWCREST Panelists: Tal Cohen, Head, CHI-X CANADA Wendy Rudd, CEO, TRIACT CANADA MARKETPLACE Richard Carleton, VP of Corporate Development, PURE TRADING Jos Schmitt, Chief Executive Officer, ALPHA TRADING SYSTEMS Chris Sparrow, Head of Quantitative Trading Services, LIQUIDNET CANADA INC 9:30 REGULATORY OVERVIEW ON MULTIPLE TRADING PLATFORMS • How are the regulators keeping pace with the rapidly evolving market structure? • Latest proposals on Soft Dollars and Unbundling of Commissions published on Jan. 11, 2008 • The ATS Rules proposals and trading in a Multiple Market environment • What constitutes Best Practices related to Best Execution? • Compliance with NI 24-101 (Institutional Trade Matching) • Does Canada need an Electronic Audit Trail – what happened to TREATS? Moderator: AnneMarie Ryan, Consultant, AMR ASSOCIATES Panelists: Tracey Stern, Assistant Manager, Market Regulation, ONTARIO SECURITIES COMMISSION Jenny Tsouvalis, Vice President--Investment Operations and Applications, OMERS ADMINISTRATION CORPORATION Felix Mazer, Legal Counsel, MARKET REGULATION SERVICES INC. 10:30 ALGORITHMIC TRADING: BULIDING ON THE LESSONS WE HAVE LEARNED Speaker: George Sofianos, Head of Equity Execution Strategies, GOLDMAN SACHS & CO. 11:00 Refeshement Break 11:15 RESPONSIBLE INVESTING: ISSUES AND OPPORTUNITIES • The Burma and Sudan Issue • Emissions Reduction/Climate/Alternative Energy – coming plethora of investable products Moderator: Jordan Berger, Principal, MERCER Panelists: Thomas George, TD ASSET MANAGEMENT David C. Walker, President, WEST-CAN CONSULTANT LTD. Martin Bélanger, Associate Director, Retirement Plans, THE UNIVERSITY OF WESTERN ONTARIO Dr. Tessa Hebb, Managing Director, CARLETON UNIVERSITY 12:00 A ROUNDTABLE ON EXCHANGE TRADED FUNDS In this roundtable, several of Canada's experts will discuss the growing importance of the ETFs and ETNs. Topics to be discussed include: • Why ETFs continue to add assets under management • Who are investors in ETFs and ETNs? • What types of exchange traded product offerings are finding investors? Moderator: Don Vialoux, Author, TIMINGTHEMARKET.CA Panelists: Howard Atkinson, President, BETAPRO MANAGEMENT INC. Stephen Rive, Vice President of Canadian Index Services, STANDARD & POORS Som Seif, Chief Executive Officer and Director, CLAYMORE INVESTMENTS, INC. Heather Pelant, Head of iShares Canada, BARCLAYS GLOBAL INVESTORS CANADA LIMITED Dagmar Wojcik, Market Development - Sales, DEUTSCHE BÖRSE AG 1:00 LUNCHEON
2:00 GLOBAL INVESTING: TRENDS AND OPPORTUNITIES The recent move by the Canada Pension Plan Investment Board opening an office in Hong Kong establishes the organization’s strategy to diversify their portfolio globally. Also, amendments to the Pensions Act eliminated the 30% cap on the amount of foreign investments by Canadian pension plans has made pension plan investments in large international transactions possible. • How does global investing fit within a portfolio’s allocation? • What are the unique opportunities and risks to global investing? • What are important barriers to consider when investing in emerging markets? • What new strategies and countries are worth watching for the next wave of opportunities? Moderator: Dan Popescu, Independent Consultant, POPESCU & CIE Panelists: Mark Turner, President, Senior Portfolio Manager, Security Analyst, Principal, TURNER INVESTMENT PARTNERS Jason Paltrowitz, Vice President, THE BANK OF NEW YORK MELLON Carol Penhale, Principal, CUTTER ASSOCIATES CANADA, INC. 2:50 ADVANTAGE CANADA Speaker: The Honourable James M. Flaherty, P.C., M.P., Minister of Finance, DEPARTMENT OF FINANCE CANADA 3:20 Refreshment Break 3:45 LISTED SECURITIES FOR COMMODITY EXPOSURE Speaker: Bob Tull, Managing Director, MACROMARKETS 4:15 CASE STUDY: IMPLEMENTATION-RELATED ISSUES IN CHANGING HOOPP FROM AN ROI PORTFOLIO-BASED FUND TO AN LDI-BASED FUND • What is the Purpose of retirement and is your fund’s strategy appropriate? • Are we looking at the business model the wrong way? • Bankers create risk systems yet a pension fund’s idea of risk is different • Back office and systems changeover issues • ATP from Denmark could also speak on this topic Speaker: James E. Keohane, Senior Vice President of Investment Management and Chief Investment Officer, HOSPITALS OF ONTARIO PENSION PLAN 4:45 The Seventh Annual Canada Cup of Investment Management Concludes | ||||||||||||||||||||||||||||||||
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