NON-TRADITIONAL FIXED INCOME

Transcription

1 FINANCIAL RESEARCH ASSOCIATES PRESENTS INVESTING IN NON-TRADITIONAL FIXED INCOME MITIGATING RISK AND BOOSTING RETURNS THROUGH ALTERNATIVE FIXED INCOME PRODUCTS AND STRATEGIES MARCH 30-31, 2016 THE PRINCETON CLUB NEW YORK, NY LIQUIDITY BANK LOANS RISK HIGH-YIELD DEBT NON-TRADITIONAL FIXED INCOME EMERGING MARKET DEBT DIRECT LENDING STRUCTURED CREDIT SPECIALTY FINANCE KEY HIGHLIGHTS INCLUDE: An examination of interest rates, liquidity concerns, and the future of fixed income A non-traditional fixed income roadmap and guide through products, strategies, risks, and returns Portfolio construction and asset allocation strategies that include alternative fixed income products A deep dive into prevailing non-traditional products and strategies including: Liquid strategies such as high yield debt, structured credit, bank loans, and emerging market debt Illiquid strategies such as direct lending, distressed debt, and specialty finance Strategies that are not rate-sensitive Unconstrained bonds, infrastructure, insurance-linked securities, ETFs OPTIONAL PRE-CONFERENCE WORKSHOP: PENSION DE-RISKING THROUGH NON-TRADITIONAL FIXED INCOME Examining the motivating factors behind the pension de-risking trend Achieving liability-driven investment strategies with non-traditional fixed income De-risking through buy-out annuities Duration match & cash-flow match de-risking strategies to hedge and safeguard liability SPONSORS TO REGISTER: CALL OR VISIT US AT

2 GAIN THE KNOW- HOW YOU NEED TO UNDERSTAND THE STRATEGIES AND THE RISKS BEHIND NON- TRADITIONAL FIXED INCOME INVESTMENTS! Non-traditional fixed income is gaining ground as an alternative way to generate income in the face of rising rates and stagnant returns. But do you REALLY understand the strategies and the risks behind these enigmatic investments? Attend THE industry resource for the non-traditional fixed income universe! Get exclusive intel on everything from structures and allocation strategies to risks and regulations, and beyond. With rising rates, sluggish returns, and increased liquidity concerns, trust in fixed income performance is at an all-time low. Investors are on a quest for higher yield and greater performance. Non-traditional fixed income has emerged as an attractive counterpoint to current fixed income headwinds. Find out everything you need to know to make smart investment choices in the non-traditional fixed income marketplace. Our first-rate speaking faculty will give you a candid and thorough breakdown of the non-traditional universe everything from debt & credit to infrastructure & insurance-linked securities, and more. Plus! attend our pre-conference workshop: Pension De-Risking through Non-Traditional Fixed Income. Register today! Call or online at Sincerely, Christine Marez Christine Marez, Conference Director FINANCIAL RESEARCH ASSOCIATES P.S. Registration is complimentary for qualifying plan sponsors and endowment/foundation executives!* *pending FRA approval Very good topics and speakers Rajeev Sharan, ASPIRANT OUR RENOWNED SPEAKING FACULTY Philip Pagliaro, STATE OF NEW JERSEY Jonathan Doolan, CASEY QUIRK Eric Jacobson, MORNINGSTAR Michael Bazdarich, WESTERN ASSET MANAGEMENT Russell Kamp, KAMP CONSULTING SOLUTIONS Scott Gaul, PRUDENTIAL RETIREMENT Ronald J. Ryan, RYAN ASSET LIABILITY MANAGEMENT Don Plotsky, WESTERN ASSET MANAGEMENT Michael Wands, PUTNAM INVESTMENTS Ivan Bakrac, INVESCO Steven Oh, PINEBRIDGE INVESTMENTS Nolan O Neill, SLOCUM Anthony M. Novara, DIMEO SCHNEIDER & ASSOCIATES, LLC Larry Whistler, NOTTINGHAM ADVISORS, INC. Rick Harper, WISDOMTREE ASSET MANAGEMENT Larry Stein, DISCIPLINED INVESTMENT MANAGEMENT David B. Mazza, SPDR ETFS AND SGGA FUNDS Chris Mawn, HIGHLAND CAPITAL MANAGEMENT PAST ATTENDEES INCLUDE Massachusetts Pension Reserves Board CPS Energy Federal Reserve Bank of New York John Templeton Foundation Los Angeles County Employees Retirement Association (LACERA) Modern Woodmen of America National Railroad Retirement Investment Trust (NRRIT) NC State University Nestle USA Inc. NY State Common Retirement Fund NYS Dept. of Financial Services The American University in Cairo UMWA Health and Retirement Funds William Penn Foundation WHO SHOULD ATTEND? This program is designed for institutional investors from pensions, endowments, and foundations with the following titles: Chief investment officer Director/head of fixed income As well as Consultants and advisors Insurance companies Hedge fund managers Portfolio managers

3 DAY ONE: WEDNESDAY, MARCH 30, 2016 Pre-Conference Workshop: Pension De-Risking Through Non-Traditional Fixed Income 8:00 9:00 Registration, & Continental Breakfast 9:00 9:30 Examining the Motivating Factors Behind the Pension De-Risking Trend What do plan sponsors hope to achieve from a de-risking strategy? What are the objectives of reducing costs and removing volatility? Taking a closer look at the liability beta portfolio Where do non-traditional fixed income investments fit into a de-risking strategy? Ronald J. Ryan, CFA, CEO RYAN ASSET LIABILITY MANAGEMENT Russell Kamp, Managing Partner KAMP CONSULTING SOLUTIONS 9:30 10:15 Achieving Liability Driven Investment Strategies with Non-Traditional Fixed Income for diversifying your LDI portfolio Taking a closer look at the liability beta portfolio What is a liability index fund? What is the core portfolio for any liability objective? Is Custom Liability Index the proper benchmark? Does asset allocation decide between beta portfolio and alpha assets? Should investors seek a 100% liability beta portfolio (fully funded with stable costs)? Michael Bazdarich, Product Specialist WESTERN ASSET MANAGEMENT Russell Kamp, Managing Partner KAMP CONSULTING SOLUTIONS 10:15 10:30 Break Two-Part De-Risking Strategy Round-Up 10:30 11:15 Part I - De-risking through Buy-Out Annuities Scott Gaul, FSA, MAAA, SVP and Head of Distribution Pension Risk Transfer PRUDENTIAL RETIREMENT 11:15 12:00 Part II Duration Match & Cash-Flow Match: De-Risking Strategies to Hedge and Safeguard Liability Ronald J. Ryan, CFA, CEO RYAN ASSET LIABILITY MANAGEMENT Michael Bazdarich, Product Specialist WESTERN ASSET MANAGEMENT 12:00 1:00 Workshop adjourns; luncheon for workshop attendees. 12:00 Main conference registration 1:00 1:15 Conference Chairperson s Welcome 1:15 2:00 State of the Industry: What s Behind the Growing Institutional Appetite for Alternative Fixed Income? The changing fixed income landscape Fixed income headwinds: federal funds rate raise, supply, volatility, credit quality, political & regulatory changes Examining non-traditional fixed income in the context of the greater fixed-income climate How are regulations shifting the landscape? Observing the regulatory landscape from a global angle: how greatly do laws differ by country/region? How is the industry maturing and evolving to meet investor needs? Philip Pagliaro, CFA, Portfolio Manager STATE OF NEW JERSEY Jonathan Doolan, Director CASEY QUIRK Three-Part Product and Strategy Spotlight 2:00 2:45 Part I - Understanding Non-Traditional Fixed Income Products & Strategies What does non-traditional fixed income mean? The quest for yield and performance in a rising rate environment Donald Plotsky, Head of Product Management / Head of Retail and Sub- Advisory Business WESTERN ASSET MANAGEMENT Michael Wands, CFA, Senior Investment Director, Fixed Income PUTNAM INVESTMENTS 2:45 3:00 Break 3:00 4:00 Part II - Prevailing Non-Traditional Fixed Income Products & Strategies Total return and absolute return Unconstrained Liquid assets High-yield debt Structured Credit Bank loans Emerging market debt Ivan Bakrac, Head of Multi-Sector Portfolio management, Invesco Fixed Income INVESCO Steven Oh, Managing Director PINEBRIDGE INVESTMENTS Chris Mawn, Managing Director HIGHLAND CAPITAL MANAGEMENT 4:00 5:00 Part III - Prevailing Non-Traditional Fixed Income Products & Strategies Illiquid strategies Direct lending Distressed debt Private debt Specialty finance Other in-demand products & strategies Infrastructure and real assets Insurance buyout annuities Mortgage-backed securities Floating-rate bank loans Nolan O Neill, CFA, Co-Director, Capital Markets Research SLOCUM 5:00 Cocktail Reception Immediately Following To Sponsor the Cocktail Reception Please Call Menna Lloyd-White at Contact Menna Lloyd-White for more information at [email protected] about our sponsorship opportunities

4 DAY TWO: THURSDAY, MARCH 31, :30 9:00 Registration & Continental Breakfast 9:00 9:15 Chair s Welcome and Re-cap 9:15 10:00 Deconstructing the Liquidity Crunch Speaker TBD 10:00 11:00 Asset Allocation: The Role of Alternative Fixed Income Products in the Investment Portfolio How much should be allocated to non-traditional and why? Which asset classes are the non-traditional replacing? What s the right target allocation for your needs? What is relationship between risk tolerance and allocation preferences? How much liquidity do you need? What is the difference between non-traditional and other fixed income options? Rebalancing your allocations at what point do you rebalance? Anthony M. Novara, CFA, Senior Research Analyst DIMEO SCHNEIDER & ASSOCIATES, LLC Larry Whistler, CFA, President & Chief Investment Officer NOTTINGHAM ADVISORS, INC. 11:00 11:15 Break 11:15 12:15 Establishing the Proper Bond Index Benchmark Properties of a proper benchmark Traditional fixed income benchmarks: the good and the bad Alternative approaches to bond benchmarks Selecting the most appropriate benchmark for you Larry Stein, President DISCIPLINED INVESTMENT MANAGEMENT 12:15 1:15 Networking luncheon 1:15 2:15 Investing in Alternative Fixed Income Though an ETF Vehicle Benefits and drawbacks of investing in alternative fixed income though an ETF vehicle Active vs. passive: how do ETFs stand up to active management? Rick Harper, Head of Fixed Income and Currency WISDOMTREE ASSET MANAGEMENT David B. Mazza, Vice President / Head of Research SPDR ETFS AND SGGA FUNDS 2:15 3:15 Risk and Return Objectives with Alternative Fixed Income: Realistic Expectations for Mitigating Risk & Maximizing Returns Exploring the vulnerabilities and risks of investing in alternative fixed income Are your risk levels within your risk parameter? Higher returns go hand-and-hand with higher risk: how much are you willing to take on? Is your risk diversified enough? Ivan Bakrac, Head of Multi-Sector Portfolio management, Invesco Fixed Income INVESCO *Eric Jacobson, Senior Analyst, Active Strategies, Fixed-Income North America, Manager Research MORNINGSTAR 3:15 Conference adjourns TOP REASONS TO ATTEND *Awaiting final confirmation OFFICIAL PUBLICATIONS AND MEDIA PARTNERS Get a closer look at current fixed income headwinds: federal funds rate raise, supply, volatility, credit quality, political & regulatory changes Examine what non-traditional fixed income really means Explore prevailing non-traditional fixed income products and strategies Determine how much should be allocated to nontraditional fixed income and why Find out how rising interest rates affect benchmarks Uncover the benefits and drawbacks of investing in alternative fixed income though an ETF vehicle Explore the vulnerabilities and risks of investing in alternative fixed income Find out how non-traditional fixed income investments fit into a de-risking strategy Take a closer look at non-traditional fixed income in the context of the greater fixed-income climate And so much more!

5 VENUE DETAILS The Princeton Club 15 West 43rd Street, New York, NY (212) If you require overnight accommodation for this conference, please contact any of the following nearby hotels to check their best available corporate rate over this time frame, or consult your local travel agent. Please note that FRA has not negotiated rates with any of these hotels. Area Hotels: InterContinental New York Times Square Westin New York Hotel Millennium Broadway Hotel Sofitel New York THE CONFERENCE ORGANIZER Financial Research Associates provides the financial community with access to business information and networking opportunities. Offering highly-targeted conferences, FRA is a preferred resource for executives and managers seeking cutting-edge information on the next wave of business opportunities. Please visit for more information on upcoming events. Financial Research Associates provides the financial community with access to business information and networking opportunities. Offering highly-targeted conferences, FRA is a preferred resource for executives and managers seeking cutting-edge information on the next wave of business opportunities. Please visit for more information on upcoming events. RAVE REVIEWS FROM OUR PAST NON-TRADITIONAL FIXED INCOME CONFERENCE: Good facility, presenters, and organization Peter Levy, BERNARD LEVY & COMPANY The Princeton Club, New York City The Club offers you the best of everything in the heart of everything. You ll find us at 15 West 43rd Street, between 5th and 6th Avenues, in New York City s iconic Midtown Manhattan district. Grand Central Station, the Empire State Building, the Theater District, and Central Park are all within easy strolls of our front door. And we re just 20 minutes from LaGuardia Airport and 30 minutes from John F. Kennedy International Airport. TEAM DISCOUNTS Good topics, speakers, and environment Russ Kamp, KCS Very good speakers Ron Ryan, RYAN ALM Three people will receive 10% off. Four people will receive 15% off. Five people or more will receive 20% off. In order to secure a group discount, all delegates must place their registrations at the same time. Group discounts cannot be issued retroactively. For more information, please contact Kathy Eberhard at or [email protected] REFUNDS AND CANCELLATIONS For information regarding refund, complaint and/or program cancellation policies, please visit our website: thefineprint.aspx CPE CREDITS Financial Research Associates is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: org. The recommended CPE credit for this course is up to 12 credits in the following field(s) of study: Finance For more information, visit our website: aspx

6 Investing in Non-Traditional Fixed Income Four Ways to Register Fax Call Web Mail FRA NE Cedar Drive Battle Ground, WA FINANCIAL RESEARCH ASSOCIATES 200 WASHINGTON ST. SUITE 201 SANTA CRUZ, CA ATTENTION MAILROOM: If undeliverable, please forward to the Chief Investment Officer Please Mention This Priority Code When Registering CONFERENCE ONLY: Standard Registration $1895 CONFERENCE & WORKSHOP: Standard Registration $2195 FREE PASS FOR PLAN SPONSORS, ENDOWMENTS & FOUNDATIONS* *SUBJECT TO FRA APPROVAL Payment Method: Payments must be received no later than (insert March date 23, one week before conference start date) Please bill my: MC VISA AMEX DISCOVER Card Holder s Name: Name Company Address City Phone Title State INCORRECT MAILING INFORMATION: If you are receiving multiple mailings, have updated information or would like to be removed from our database, please fax our database team at or call Please keep in mind that amendments can take up to 8 weeks. Zip Exp. Date: Signature: Check enclosed: Please bill me later: Make checks payable to Wilmington Financial Research Associates, and write B1014 on your check. Conference Code: B1014 FINANCIAL RESEARCH ASSOCIATES PRESENTS INVESTING IN NON-TRADITIONAL FIXED INCOME MITIGATING RISK AND BOOSTING RETURNS THROUGH ALTERNATIVE FIXED INCOME PRODUCTS AND STRATEGIES MARCH 30-31, 2016 THE PRINCETON CLUB NEW YORK, NY RISK HIGH-YIELD DEBT NON-TRADITIONAL FIXED INCOME EMERGING MARKET DEBT DIRECT LENDING TO REGISTER: CALL OR VISIT US AT