1415 L STREET, SUITE 1000SACRAMENTO, CA 95814T 916.441.1850F 916.441.6178WWW.SACRS.ORG

UC BERKELEY CENTER FOR EXECUTIVE EDUCATIONPROGRAM LOCATIONS

Please help us thank the generous sponsors that helped make this program a success.

Stadium Rim Way

Piedmont Ave

Brancroft Way

Channing Way

Warring St

Prospect St

Channing Way

Bancroft Way

Durant Ave

Warring St

Centennial Dr

Cany

on R

dUC BerkeleySchool of Law

Stadium Parking

Executive EducationClassroom, Room 140

CaliforniaMemorial Stadium

July 24-26, 2017

SACRS PUBLIC PENSIONINVESTMENT MANAGEMENT PROGRAM 2017

Modern Investment Theory & Practice for

Retirement Systems

L O R D A B B E T T

C R O S S O C E A NP A R T N E R S

*Program Schedule Subject to Change

Much has changed in finance in the last 50 years; this three-day program will bring you to the frontier of current investment theory and practice. The program is presented on the beautiful and dynamic campus of U.C. Berkeley and taught by its world renowned Finance faculty.

SACRS PUBLIC PENSION INVESTMENT MANAGEMENT PROGRAMPROGRAM SCHEDULE*

MONDAYJuly 24, 2017

TUESDAYJuly 25, 2017

WEDNESDAYJuly 26, 2017

7:15am-8:15am Breakfast Hotel ShattuckWhite Cotton Room, 6th Floor

7:15am-8:15am BreakfastHotel ShattuckWhite Cotton Room, 6th Floor

7:15am-8:15am BreakfastHotel ShattuckWhite Cotton Room, 6th Floor

8:15am Begin Loading BusMeet at the front of hotel

8:15am Begin Loading BusMeet at the front of hotel

8:15am Begin Loading BusMeet at the front of hotel

8:30am Depart Hotel to UC Berkeley 8:30am Depart Hotel to UC Berkeley 8:30am Depart Hotel to UC Berkeley

9:00am-10:30am Long Term Planning: How Predictable are Asset Returns?Thomas Gilbert

9:00am-10:30am Real Estate in Pension Portfolio StrategyChris Palmer

9:00am-10:30am Hedge Funds: The New MathGregory LaBlanc

10:30am Break 10:30am Break 10:30am Break

11:00am-12:30pm Advanced Portfolio Analysis with Risk FactorsThomas Gilbert

11:00am-12:30pm Infrastructure as an Asset ClassJosh Rauh

11:00am-12:30pm SASB and ESG ReportingIndustry PanelAdair MorseBob Eccles

12:30pm-1:30pm LunchWells Fargo Room, Haas

12:30pm-1:30pm LunchWomen’s Faculty Lounge

12:30pm-1:30pm LunchStadium Classroom

1:30pm-3:00pm Dynamic Asset and Liability ManagementThomas GilbertJohn O’Brien

1:30pm-3:00pm GASB 67 Disclosures and Investment StrategiesJosh Rauh

1:30pm-3:00pm Asset Bubbles and Investment StrategyGregory LaBlanc

3:00pm Break 3:00pm Break 3:00pm-3:15pm Break

3:30pm-5:00pm The Role of Fixed Income in Pension Portfolio StrategyThomas Gilbert

3:30pm-5:00pm Private Equity: T Private Equity: The New LandscapePeter Goodson

3:30pm-4:30pm Behavioral Finance:Overconfidence and ExpertiseGregory LaBlanc

4:30pm-5:00pm Program Wrap Up and Certificate Distribution

5:00pm-5:15pm Wrap Up 5:00pm-5:15pm Wrap Up 5:00pm-5:15pm Wrap Up

Adjourn Adjourn Adjourn

5:30pm-6:30pm Reception Hotel ShattuckWhite Cotton Room, 6th Floor

5:30pm-6:30pm Reception Hotel ShattuckWhite Cotton Room, 6th Floor

SUNDAY July 23, 2017

Welcome Reception 5:30pm-6:30pm | Hotel Shattuck | Whitecotton Room, 6th Floor