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NYSSA’s Derivatives Committee presents

Pensions at Risk: A Meeting of Fiduciary and Financial Minds

Recent market turmoil, coupled with changes in pension funding and accounting rules, have helped produce a “perfect storm” of volatility and risk in our defined benefit pension plans. As pension investment and risk management strategies continue to evolve to meet these demands, so does the need for informed fiduciary decision-making.

This program is intended to provide an up-to-date and in-depth discussion regarding the fiduciary legal and risk management considerations involved in the design and implementation of pension investment management strategy, including liability driven investing (LDI) approaches and those integrated within a framework of corporate finance. Topics will include performance benchmark development, asset/liability duration matching, timing of implementation and the use of derivatives, alternative asset classes and leverage.

DATE:
Wednesday, January 21, 2009

TIME:
8:30 a.m.–12:00 p.m.

LOCATION:
NYSSA
1177 Avenue of the Americas, 2nd Floor
(between 45th and 46th Streets), NYC (Directions)
Photo ID required for access to the building.

SPEAKERS:
Susan M. Mangiero, PhD, AIFA, AVA, CFA, FRM, President, Pension Governance, Inc
James Moore, PhD, Executive Vice President, Pension Strategist, PIMCO
Michael W. Peskin, CERA
Ronald J. Ryan, CFA, CEO, Ryan ALM, Inc.,

MODERATOR:
Martin Rosenburgh, Esq.

FEES:
Members $225 | Nonmembers $295

REGISTRATION DEADLINE:
Friday, January 16, 2009

 

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Chair

Andrew Spieler, PhD, CFA, FRM

Media Partners

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Speaker Bios

Susan M. Mangiero, PhD, AIFA, AVA, CFA, FRM, is president of Pension Governance, Inc. with over twenty years of experience in capital markets, global treasury, asset-liability management, portfolio management, financial risk control and valuation. She has worked on four trading desks, in the areas of foreign exchange, fixed income, swaps, futures and options. Mangiero is regularly invited to speak about valuation, risk and governance with an emphasis on applications to pensions and hedge funds. She has addressed groups that include the U.S. Department of Labor, Chicago Board of Trade, New York State Department of Insurance, and many more. She is the author of Risk Management for Pensions, Endowments, and Foundations. Her articles have appeared in many publications such as Hedge Fund Review, Investment Lawyer, Valuation Strategies, and RISK Magazine. She holds a PhD in finance from the University of Connecticut, an MBA in finance from New York University, an MA in economics from George Washington University, and a BA in economics from George Mason University.

 

James Moore, PhD is an executive vice president and PIMCO's pension strategist in the Newport Beach office. He leads the global liability driven investments product management team and is a member of the asset allocation team. Prior to joining PIMCO in 2003, he was in the corporate derivative and asset liability strategy groups at Morgan Stanley and responsible for asset-liability, strategic risk management and capital structure advisory work for key clients in the Americas and Pacific Rim. Moore also taught courses in investments and employee benefit plan design and finance at the Wharton School of the University of Pennsylvania, where he earned his PhD with concentrations in finance, insurance and risk management. He has 14 years of investment experience and holds undergraduate degrees from Brown University.

 

Michael W. Peskin, CERA, has been the resident pension expert at Morgan Stanley for nearly 20 years. As a managing director he has been in charge of asset liability management and pension solutions. He is a frequent speaker at professional and industry conferences and has authored many articles on pension finance in such publications as the Journal of Portfolio Management and The Journal of Applied Corporate Finance. He is an associate of the Society of Actuaries and the Institute of Actuaries. He is chair of the joint Society of Actuaries/Academy of Actuaries Pension Finance Taskforce and a member of the Pension Practice Council of the Academy.

 

Ronald J. Ryan, CFA, is the CEO of Ryan ALM, Inc., an asset/liability management firm that he founded in 2004. Some of the core products include Liability Index Funds and Liability Hedge Funds. The firm offers Turnkey Solutions for liability driven objectives, as well as connects the Custom Liability Index with Asset Management. Mr. Ryan not only graduated with a BBA and an MBA from Loyola University, but he has also achieved the CFA status. He has won awards such as the Bernstein Fabozzi/Jacobs Levy Award, MML Lifetime Achievement Award, William F. Sharpe Indexing Lifetime Achievement Award, and Most Innovative ETF Index Award. Not to mention that Mr. Ryan designed Lehman Bond Indexes including the 1st Floater Index, Government/Corporate Index, the Aggregate Index, and over 40 Sector Indexes for the 1st Baseline Portfolio System.

 

 


 


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