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The NASP Institute


The NASP Institute offers education for trustees, investment staff and other institutional investors who select managers for investment purposes. This year, NASP's Institute will offer the following four sessions to members of the institutional investor community.


Sessions will take place during the 33rd Annual Financial Services Conference on Monday, June 27, 2022 between 10:20 AM- 4:00 PM Central Time at the Radisson Blu Hotel in Chicago, IL. Don't forget to register today!


Qualifies for up to 4 CPE credit hours. Field of Study: Finance. No advanced preparation needed. Prerequisite: Must currently serve as Trustees or Staff to an Institutional Fund or Family Office Program.


When you complete these sessions, you should be able to:

  • Recognize and explain why sourcing diverse managers helps plan sponsors fulfill their fiduciary duty 
  • Identify and list at least three key functions of the Federal Reserve
  • List the opportunities and risks of U.S. equities in institutional portfolios
  • Describe portfolio monitoring, the ways it can protect investors from securities fraud, and how these protective measures can be applied to institutional investment portfolios 


Program levels are intermediate and advanced. Instructional Delivery Method: Group Live. For questions or additional information regarding refund, complaint, and/or program cancellation policies, please contact Marshay Hall at mhall@nasphq.org

PFM Asset Management 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: www.nasbaregistry.org.

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The NASP Institute Program Agenda

June 27, 2022

Instructional Delivery Method: Group Live

55 minutes per session

 

10:20 AM – 11:15AM

Sourcing the Best Diverse Managers

 

When you complete this session, you should be able to:

  • Recognize and explain why sourcing diverse managers helps plan sponsors fulfill their fiduciary duty 
  • List at least two main obstacles to sourcing diverse managers
  • Identify and discuss key elements of 'One Problem, many solutions': manager of managers, consultants, investment policies

 

We’ve all heard the results of the Knight Foundation that diverse firms manage about 1.4% of $69 trillion dollars in assets and it’s not due to poor performance, because these diverse managers perform as well or better than their majority-owned counterparts. Despite the social unrest in 2020 that sparked a renewed focus on DE&I, the percentage of assets allocated to diverse managers has not improved. This panel will offer solutions to increase the utilization of diverse asset managers, broker/dealers and other service providers.

 

Welcome Remarks - Stephanie Roberts, Partner, Garcia Hamilton & Associates, LP

Instructor: Angela Matheny, Director of Investment Staff and Diverse Manager Equity, Crewcial Partners

Instructor: Winston Blake, President, Attucks Asset Management

Instructor: Angela Miller-May, Chief Investment Officer, Illinois Municipal Retirement Fund

Instructor: Andrew Folsom – Senior Investment Analyst, Wells Fargo


 

11:15AM – 12:10 PM

Understanding the Federal Reserve and Monetary Policy

 

When you complete this session, you should be able to:

1. Identify and list at least three key functions of the Federal Reserve

2. Define Monetary Policy

3. Describe the role of the Federal Open Markets Committee (FOMC)

 

The Federal Reserve was created by Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. This session will explain what the Federal Reserve is, how it works and how it affects the financial markets.

 

Moderator: James Haddon, Managing Director & Head of Marketing, Ramirez Asset Management

Instructor: Deborah Leonard, Managing Director of Chicago Office, Markets Group, Federal Reserve Bank of New York

Instructor: Kristina Hooper, CFP, CAIA, CIMA, CHFC, Chief Global Market Strategist, Invesco

 


1:45PM – 2:40PM

Asset Allocation: The Value of Traditional Assets in the Age of Alternatives

 

Over the past several years, Institutional investors have increased their allocation to alternative investments such as Private Equity, Infrastructure, Real Estate & Hedge Funds. Although exposure to alternatives and private markets are good strategies to add alpha to the portfolio, investors must remember there is always a role for traditional equity and fixed income assets. This session will highlight the ever-present need for traditional fixed income and equities in any asset allocation strategy.

 

When you complete this session, you should be able to:

1. List the opportunities and risks of U.S. equities in institutional portfolios

2. List the two main roles of fixed income in any asset allocation strategy

3. Explain how alternatives are used to add diversification to traditional asset allocation

 

Moderator: Lisa Hinds, Managing Director, Client Engagement & Sustainability, Xponance

Instructor: Gautam Khanna, CFA, CPA, Head of US Multi-Sector Fixed Income, Insight Investment

Instructor: Kristin Finney-Cooke, Managing Director, JP Morgan

Instructor: Lowell Yura, Head, Head, Multi-Asset Solutions, North America, T. Rowe Price



2:40 PM - 3:35 PM

Portfolio Protection Strategies: Best Practices for Securities Litigation & Portfolio Monitoring

 

When you complete this session, you should be able to:

1. Describe portfolio monitoring, the ways it can protect investors from securities fraud, and how these protective measures can be applied to institutional investment portfolios

2. List the benefits and trade-offs of class action vs. opt-out litigation

3. Identify at least three key responsibilities of fund trustees

 

Securities fraud is on the rise and Institutional investors must be proactive in protecting investments from fraud, market manipulation, or breach of contracts. This session will present the merits of portfolio monitoring and the elements of securities fraud cases. The session will end with a brief overview of pension fund governance and the fiduciary responsibilities of fund trustees.

 

Instructor: Marlon Kimpson, Member, Motley Rice, LLC

Instructor: Kweku Obed, Senior Vice President, Marquette Associates