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February 28-29, 2024
DoubleTree by Hilton Livermore
Livermore, CA 94551

Agenda

This seminar provides the fundamental concepts, tools, and strategies necessary to manage and oversee public investment portfolios. Panelists will address the components of portfolio management, including roles and responsibilities of practitioners, understanding permitted investments, establishing policy objectives, and managing cash flow. In addition, panelists will address structuring and diversifying an investment portfolio, benchmarking, and best practices in portfolio accounting, disclosure, and reporting.

Day 1 | February 28, 2024

Session 1 – Understanding Roles and Responsibilities of Public Investment Officers, Staff and Elected Officials
Session 2 – Investment Terms and Concepts
Session 3 – California Government Code and Legal Investments
Session 4 – Investment Policy and Objectives
Session 5 – From Policy to Construction: Portfolio Structure and Diversification
Session 6 – Investment Accounting and Disclosure
Session 7 – Understanding the Roles and Responsibilities of Investment Advisors and Broker-Dealers

Day 2 | February 29, 2024

Session 1 – Utilizing the Asset/Liability Management (ALM) Framework: Practical Approach and Theory
Session 2 – Understanding Benchmarking
Session 3 – Economic Impacts to Cash Flow
Session 4 – The Day-to-Day Management of a Public Investment Portfolio
Session 5 – Investment Reporting

Speakers

• Sondra Ainsworth, Treasurer-Controller, Northern California Power Agency
• David R. Carr, Director, Fixed Income and Capital Markets Unit, Robert W. Baird & Co.
• Ben Finkelstein, CFA, Managing Director, Robert W. Baird & Co.
• Laura Glenn, CFA, Senior Director, Investment Advisory Services, Public Trust Advisors
• Robert Hannay, CFA, Treasury Manager, East Bay Municipal Utility District
• Angelica Hernandez, Deputy Executive Director, CDIAC
• Deborah Higgins, President, Higgins Capital Management
• John Johnson, Assistant Auditor-Controller/Treasurer/Tax Collector, San Bernardino County
• RC Kinzly, Investment Officer of San Diego County Pooled Funds, San Diego County
• Jason Klinghoffer, CFA, Director, Debt Capital Markets, Mischler Financial Group
• Connie Mobley-Ritter, MBA, CTP, Director, Treasury, San Mateo County Transit District
• Kent Morris, Director of Treasury, Irvine Ranch Water District
• Susan Munson, Managing Director, Academy Securities, Inc.
• Carlos Oblites, Senior Vice President and Portfolio Strategies, Chandler Asset Management
• Laura Parisi, City Treasurer, City of Laguna Beach
• Rick Philips, Chief Investment Strategist, Meeder Public Funds
• Alaynè Sampson, Senior Portfolio Strategist, Chandler Asset Management
• Monique Spyke, Managing Director, PFM Asset Management LLC
• Vishal Thacker, Chief Investment Officer, Alameda County
• Kevin Webb, CFA, Managing Director, Robert W. Baird & Co.
• Hubie White, CFA, CTP, Chief Investment Officer, City and County of San Francisco

Full Speaker Biographies

Public Funds Investing Resources

CDIAC Investment Publications

Highlighted CDIAC investment publications most applicable to Fundamentals of Public Funds Investing are listed below.

A full library of publications back to 2000 are available in CDIAC’s Publication Database.

• Investing in Callable Securities - September 2020 Update, 2020
• Benefits and Limitations of Option-Adjusted Spread Analysis, 2020
• Socially Responsible Investing - What Does it Mean and What's the Risk?, 2019
• Securitized Investments, 2016
• Rule 144a Securities, 2013
• Local Agencies Ability to Buy Their Own Debt – A Digest, 2013
• Investments Under Government Code 53601(k) - Focus on Foreign Issuers, 2013
• Principal Protected Notes, 2013
• Duration Basics, 2007

Archives of CDIAC’s Investment Education

• 2022 Public Funds Investment Essentials
  Agenda | Replays and materials are available in CDIAC’s Ed Portal
• 2021 Fundamentals of Public Funds Investing
  Replays and materials are available in CDIAC’s Ed Portal
• 2020 Advanced Public Funds Investing: The Analytics of Portfolio Selection and Decision-Making
  Agenda | Slides
• 2019 Fundamentals of Public Funds Investing
  Agenda | Slides
• 2018 Advanced Public Funds Investing: The Analytics of Portfolio Selection and Decision-Making
  Agenda | Slides
• 2017 Fundamentals of Public Funds Investing
  Agenda | Slides
• 2016 Advanced Public Funds Investing: The Analytics of Portfolio Selection and Decision-Making
  Agenda | Slides
• 2015 The Public Investment Portfolio: A Step-by-Step Examination of Public Investment Securities
  Details on Six-part Webinar Series