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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.
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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.
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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
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Media Partners



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Speaker Bios
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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.
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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.
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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.
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| 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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