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GIPS Standards Annual Conference

 

Program and Agenda

 

In the midst of the most severe market forces in decades, heightened regulatory scrutiny, and growing client demand for transparency amid cases of high-profile fraud, compliance with the GIPS standards has never been more relevant. And with the process for adopting revisions to the Standards moving steadily forward, this year’s annual conference is the perfect time to gather with the industry’s leaders to assess today’s challenges, grasp how the final proposals will affect your firm, and see how you can use the Standards to stand out in this time of market uncertainty.

 

Don’t miss this opportunity to hear presentations by U.S. SEC staff and leading industry practitioners and researchers. Participants will:

 

  • Examine a detailed review of the proposed changes to the GIPS standards
  • Hear special updates from the SEC on current issues and new areas of regulatory focus
  • Consider how risk management and analysis has changed as a result of the financial crisis
  • Look at proposed valuation requirements and what they will mean for firms
  • Examine new insights on managing performance departments
  • Learn about verification and how to prepare for an SEC exam

 

Tuesday, 22 September

 

7:45 a.m.
Registration and Continental Breakfast

 

8:45 a.m.
Conference Welcome
Jonathan A. Boersma, CFA, Conference Moderator
Executive Director, Global Investment Performance Standards
CFA Institute

 

9:00 a.m.
GIPS 2010: Preview of the New Standards (Part I)
Karyn D. Vincent, CFA, CIPM
Founder
Vincent Performance Services LLC

 

  • Treatment of non-fee-paying portfolios
  • The move to fair value
  • Revisions to the Compliance Statement

 

10:00 a.m.
The Importance of Risk and Attribution in the Post-Madoff Era
Dan diBartolomeo
President
Northfield Information Services, Inc.

  

11:00 a.m.
Refreshment Break with Exhibit Viewing

 

11:30 a.m.
SEC Update
Lucile Corkery
Associate Regional Director for Examinations, Boston Regional Office
U.S. Securities and Exchange Commission

 

12:30 p.m.
Lunch Followed by Dessert with Exhibitors

 

2:00 p.m.
Where Do Alphas Come From? A New Measure of the Value of Active Investment Management
Andrew W. Lo
Harris & Harris Group Professor of Finance
Sloan School of Management, Massachusetts Institute of Technology

 

  • The inadequacies of traditional measures of alpha, beta, tracking error, and the Sharpe and information ratios
  • A proposed new measure of the value of active investment management that incorporates dynamic contributions of a portfolio manager's decisions
  • Examples of the practical relevance of these new measures, and implications for investment management fees, especially for hedge funds

 

3:00 p.m.
Refreshment Break with Exhibitors

 

3:30 p.m.
GIPS 2010: Preview of the New Standards (Part II)
Karyn D. Vincent, CFA, CIPM
Founder
Vincent Performance Services LLC

 

  • New requirements for composites and benchmark standard deviation
  • New risk disclosures
  • Moving the after-tax provisions

 

4:30 p.m.
Current Issues in Verification
Brian Chapman
Director, Financial Risk Management
KPMG

 

Todd Johnson
Partner
Ernst & Young LLP

 

Jeff Tarumianz, CFA, CIPM
Managing Director
ACA Beacon Verification Services

 

  • Verifier independence
  • How verification relates to the SEC custody proposal
  • Update from the Verification/Practitioner Subcommittee

 

5:30 p.m.
Networking Reception Hosted by Exhibitors

  

Wednesday, 23 September

 

8:00 a.m.
Continental Breakfast

 

9:00 a.m.
Preparing for an SEC Exam
Kevin W. Goodman
Associate Regional Director, Regulation, Denver Regional Office
U.S. Securities and Exchange Commission

 

Steven W. Stone
Partner
Morgan, Lewis & Bockius LLP

 

  • How should you prepare?
  • Who needs to be involved?
  • What are the common deficiencies, and what can you do to avoid them?

 

10:00 a.m.
GIPS 2010 Q&A Session
L. Todd Juillerat, CFA
Managing Director, Head of Performance Measurement
State Street Global Advisors

 

Neil E. Riddles, CFA, CIPM
Principal
Riddles Investment Consulting

 

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

 

  • Answers to questions on the changes to the Standards
  • Issues raised through public comments
  • Topics for new guidance

 

11:00 a.m.
Refreshment Break with Exhibit Viewing

 

11:30 a.m.
Valuation: Fair Value in Practice
Patrick M. Finnegan, CFA
Board Member
International Accounting Standards Board

 

Iain McAra
Vice President, Performance Strategy
JPMorgan Asset Management

 

Jeanne Valcik, CFA
Senior Vice President (retired)
Callan Associates

 

  • What is fair value?
  • When are adjustments to market values needed?
  • Who should be on a valuation committee?

 

12:30 p.m.
Lunch Followed by Dessert with Exhibitors

 

2:00 p.m.
Performance Advertising 101: Regulatory Do’s and Don’ts
Rajan Chari
Partner
Deloitte & Touche LLP

 

Steven W. Stone
Partner
Morgan, Lewis & Bockius LLP

 

  • Regulatory requirements
  • Best practice recommendations
  • GIPS Advertising Guidelines review

 

or

 

Firm Management: Where Does Performance Fit?
Stephen Campisi, CFA
Principal
Intuitive Performance Solutions

 

James M. Edmonds, CFA
Global Head of Performance Measurement
AllianceBernstein

 

Holly H. Miller
Partner
Stone House Consulting, LLC

 

  • What is the performance team’s role in the investment process?
  • Who should the performance team report to?
  • How can the performance team best be positioned to add value?

 

3:00 p.m.
Refreshment Break with Exhibit Viewing

 

3:30 p.m.
Best Practices for Supplemental Information
L. Todd Juillerat, CFA
Managing Director, Head of Performance Measurement
State Street Global Advisors

 

Ann F. Putallaz, CIPM
Director of Data and Communication Services
Munder Capital Management

 

  • What is and is not supplemental information
  • What new guidance is available, and what is considered best practice
  • How supplemental information fits within a presentation

 

or

 

Composite Construction Roundtable: Issues and Solutions
Neil E. Riddles, CFA, CIPM
Principal
Riddles Investment Consulting

 

David D. Spaulding, CIPM
Founder
The Spaulding Group, Inc.

 

  • Answers to frequently asked questions
  • Interactive question and answer session

 

4:30 p.m.
GIPS Helpdesk Live: Q&A Roundtable
Jonathan A. Boersma, CFA
Executive Director, Global Investment Performance Standards
CFA Institute

 

Beth J. Kaiser, CFA, CIPM
Director, Investment Performance Standards
CFA Institute

 

Kenneth P. Robinson, CFA, CIPM
Director, Investment Performance Standards
CFA Institute

 

  • Answers to frequently asked questions
  • Interactive question and answer session

 

or

 

CIPM: A Conversation with Two Practitioners
Philip Lawton, CFA, CIPM, Moderator
Head, Certificate in Investment Performance Measurement
CFA Institute

 

Amanda Maxwell, CIPM
Vice President, Performance & Risk Analytics
BNY Mellon Asset Servicing

 

Anton Srdanovic, CIPM
Executive Director
Morgan Stanley Smith Barney

 

  • How to prepare for the exams
  • The candidate experience
  • Career benefits from the CIPM credential

 

5:30 p.m.
Conference Close