GIPS Standards Annual Conference

 

Program and Agenda

 

With several new requirements taking effect and several more proposals under consideration, the next two years promise to be a transformative time in the continued evolution and refinement of the Global Investment Performance Standards. But to continue reaping all the benefits of GIPS compliance, it’s crucial that firms grasp the potential impacts of these changes and how they will help meet the increasing global client demand for consistent performance measurement.

 

This year’s GIPS Standards Annual Conference is your chance to learn how these efforts at streamlining compliance and other current trends will positively impact the industry and strengthen your marketing power and standing as a GIPS compliant investment firm. Speakers will walk you through the scheduled and likely changes to the Standards, while industry experts will provide updates on developments affecting key issues and challenges facing the industry.

 

Thursday, 25 September

 

7:30 a.m.
Registration and Continental Breakfast

 

8:30 a.m.
Conference Welcome
Jonathan A. Boersma, CFA
Executive Director, Global Investment Performance Standards
CFA Institute

 

8:45 a.m.
The Future of Performance Measurement
Stefan Illmer
Head of Client Reporting
Credit Suisse

 

 

9:45 a.m.
GIPS Update — What to Expect in GIPS 2010
Sunette Mulder
Senior Policy Analyst
Association for Savings and Investment, South Africa

 

Karyn D. Vincent, CFA, CIPM
Founder
Vincent Performance Services LLC

 

• Fee-paying vs. non-fee-paying portfolios
• Valuation requirements
• Definition of a prospective client

 

10:45 a.m.
Refreshment Break with Exhibit Viewing

 

11:15 a.m.
Risk: Alpha to Omega, Downside to Drawdown, Appraisal to Pain

Carl Bacon, CIPM
Chairman
StatPro Group plc

 

Wylie A. Tollette, CFA
Senior Vice President, Portfolio Analysis and Investment Risk
Franklin Templeton Investments

 

• What can firms do to manage risk
• What are the issues in applying the Sharpe and M² frameworks to various risk measures?
• How should the GIPS standards address risk?

 

12:15 p.m.
Error Correction — Applying New Guidance

L. Todd Juillerat, CFA
Managing Director, Head of Performance Measurement
State Street Global Advisors

 

Colin Morrison
Industry Consultant
Paradigm Investment Consulting Limited

 

• What is included in the new Error Correction Guidance Statement?
• What is a material error?
• What are a firm’s responsibilities when an error is discovered?

 

1:00 p.m.
Lunch Presentation: CIPM
Philip Lawton, CFA, CIPM
Head, Certificate in Investment Performance Measurement
CFA Institute

 

2:00 p.m.
Dessert with Exhibit Viewing

 

2:30 p.m.
Track A: Fixed-Income Attribution Made Easy
Stephen Campisi, CFA
Principal
Intuitive Performance Solutions

 

• Identifying the factors that drive fixed-income performance
• Linking the attribution process to the portfolio management process
• Developing a relevant and intuitive performance presentation

 

or

 

Track B: Current Topics in Real Estate and Private Equity
Scott D. Brown, CFA
Managing Director of Global Multi Manager Business
CB Richard Ellis Investors

 

Carol Kennedy
Senior Partner
Pantheon Ventures

 

Jesse E. Reyes
Managing Partner
Bear Stearns Asset Management - Private Funds Group

 

• Current issues facing real estate and private equity managers
• Valuation
• Expected changes for GIPS 2010

 

3:30 p.m.
Refreshment Break with Exhibit Viewing

 

4:00 p.m.
Track A: Applying the GIPS Standards to Hedge Funds
Colin Morrison
Industry Consultant
Paradigm Investment Consulting Limited

 

Phillip M. Vitale, CFA
Chief Investment Officer
Filament, LLC

 

• Valuing and pricing illiquid securities
• Addressing various fund structures
• Meeting disclosure requirements without giving away the secret recipe

 

or

 

Track B: Applying the GIPS Standards to Separately Managed Accounts/Wrap Programs
Diane Robertson
Director
Legg Mason

 

Timothy M. Simons, CFA, CIPM
Partner
Ashland Partners

 

• What are the challenges in applying the GIPS standards to wrap/SMA programs?
• How should firms deal with hybrid (model-only) arrangements?
• How should a firm manage the recordkeeping requirements?

 

5:00 p.m.
Networking Reception Hosted by Exhibitors

 

Friday, 26 September

 

7:30 a.m.
Continental Breakfast

 

8:30 a.m.
Implications for 2010 Effective Dates
Iain McAra
Vice President, Performance Strategy
JPMorgan Asset Management

 

Neil E. Riddles, CFA, CIPM
Chief Risk Officer and Director of Quantitative Analysis
Hansberger Global Investors, Inc.

 

• How will the requirement to value portfolios at the time of large cash flows affect firms?
• What are the implications of the changes to carve-outs?
• How can firms prepare for these changes?

 

9:30 a.m.
SEC Update
Gene Gohlke
Associate Director, Office of Compliance Inspection and Examinations
U.S. Securities and Exchange Commission

 

10:30 a.m.
Refreshment Break with Exhibit Viewing

 

11:00 a.m.
Best Practices for Model/Hypothetical Performance
David D. Spaulding, CIPM
President
The Spaulding Group, Inc.

 

Steven W. Stone
Partner
Morgan, Lewis & Bockius LLP

 

• Examining best practices when introducing a new product
• Understanding what disclosures should be made when presenting back-tested performance
• Presenting this information in relation to the GIPS standards

 

12:00 p.m.
What Not to Do — Tales from Manager Searches Gone Wrong
Louis Boulanger, CFA
Founder
LB Now Limited

 

John R. Minahan, CFA
Senior Investment Strategist
New England Pension Consultants

 

• Mistakes managers make in the search process, and what they can do to improve their odds
• Myths about what consultants like to see
• How managers can work better with consultants

 

12:45 p.m.
Conference Close