April 27-28, 2023 | Baltimore | See Schedule for Details | All Times Listed in Eastern
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Overview
The Endowment Leadership Forum will bring together higher education leaders, including chief finance and administration officers and investment management experts, to share solutions and hone skills.
Attendees will also have the chance to meet with representatives from companies that provide investment services. This event will be in-person only, April 27–28, at the Renaissance Baltimore Harborplace Hotel.
Don’t miss a discussion of the overall outlook for 2023 and how it’s influencing asset allocation decisions in a general session with Tony Rodriguez, senior managing director, at Nuveen. Washington Post columnist Catherine Rampell will share her thoughts during our closing general session discussion.
In addition to sessions on governance, spending policies, and building portfolios for the future, you will also have ample time to connect with your fellow attendees and talk to to industry experts about the marketplace.
Endowment ManagementWorkshop
Featured Speakers
Tony Rodriguez
Senior Managing Director, Head of Fixed Income Strategy, Nuveen, a TIAA company
Catherine Rampell
Washington Post columnist
CPE Information
Estimated 6.5 CPE Credits
See Schedule for CPE details for each session.
NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org.
Student-run endowment funds give real-world money management experience to undergraduate and graduate students. More than a third of NACUBO-TIAA Study of Endowment participants report having a student-managed investment fund. Collectively, these funds hold more than $450 million. Our panel will share how students gain actual portfolio management experience and are exposed to the various aspects of the portfolio management process, including asset valuation, diversification, portfolio optimization, asset selection, risk management, performance evaluation, and rebalancing—and how this educational experience is a part of the fabric of the university’s endowment.
Speakers
John Coppola, vice president for finance and administration, Loyola University Maryland
Frank D’Souza, chair and professor of finance, Loyola University Maryland
Josh Long, investment analyst, Knollwood Investment Advisory; Loyola University Maryland Class of 2022
1:30 PM
How to Effectively Communicate Endowment Information to Your Stakeholders
1:30–2:30 pm ET • 1 CPE credit in Finance
Colleges and universities have multiple stakeholders that require transparent information and communication. Speakers will share effective strategies of the past, explore new strategies necessary to communicate with diverse campus stakeholders, and discuss practical policies and procedures that can ensure appropriate communication approaches.
Speakers
C. Ray Hayes, chancellor emeritus, University of Alabama System
Troy A. LeMaile Stovall, chief executive officer, Stovall LLC
1:30 PM
Is Your Spending Policy Getting the Attention It Needs?
1:30–2:30 pm ET • 1 CPE credit in Finance
While many investment committees take time to review strategic policy for the endowments they oversee on an annual basis, too often that simply means reviewing the asset allocation plan while neglecting the spending policy. The only permanent link between the endowment and the institution it supports is the spending policy. This critical component of endowment management should be revisited just as frequently as asset allocation. In this session, experts will review trends in spending methodologies, implications on risk profiles and strategic asset allocation, and explain how the right spending policy can help achieve target returns.
Ken Redd, senior director, research and policy analysis, NACUBO
3:00 PM
ESG Investing: From Intention to Action
3–4 pm ET • 1 CPE credit in Finance
Investing responsibly has become a key initiative for endowments of all sizes. However, small and mid-sized institutions face unique challenges, including access to critical resources, scale to invest in separate accounts, and ability to diversify. While the steps required to turn intention into action can seem daunting, a mission-oriented portfolio can be achieved through deliberate prioritization, strategic asset allocation, and a commitment to gradual progress.
Speakers
Joseph Grasso, vice president of finance and administration, Le Moyne College
Gregory C. DeSisto, managing principal/consultant, Prime Buchholz LLC
Catherine Powers, principal, Prime Buchholz LLC
3:00 PM
OCIO 2.0: Optimizing Investment and Governance for Your Institution
3–4 pm ET • 1 CPE credit in Finance
With more than half of colleges and universities reporting that they have adopted some version of investment outsourcing, attention is increasingly being drawn to the nature of the Outsourced Chief Investment Officer (OCIO) relationship. What degrees of discretion are being permitted? Over which asset classes? Is rebalancing delegated to the OCIO or must the Board or Investment Committee still be consulted? And, perhaps most importantly, what other services, such as Board consultative support and evaluation, are included?
Speakers
Philip Shapiro, interim senior vice president for finance and administration, University of New England
Elizabeth Barnette, managing director, senior philanthropic strategist, Bank of America
William Jarvis, managing director, philanthropic executive, Bank of America
Bernard Reidy, managing director, Philanthropic Executive, Bank of America
4:15 PM
Economic and Market Outlook and Asset Allocation Strategies: Nowhere to Hide
4:15–5:15 pm ET • 1 CPE credit in Economics
After a challenging 2022, investors are bracing for more volatility in 2023. But while the economic outlook remains uncertain and highly dependent on policy changes, some markets are offering investors their best opportunities to earn income and total returns in well over a decade. This panel will discuss the overall outlook for 2023 and how it’s influencing their asset allocation decisions.
Speakers
Jeff Mindlin, chief investment officer, Arizona State University
Savannah Finney, institutional business development, Nuveen
Tony Rodriguez, senior managing director head of fixed income strategy, Nuveen
8:30–9:30 am ET • 0.5 CPE credits in Specialized Knowledge
Attendance at this session will be limited to business partner attendees.
NACUBO leaders will review the endowment resources available for its members, answer audience questions, and discuss emerging topics of interest.
Facilitators
LaTosha McNeal, senior director, business development
Liz Clark, vice president, policy and research, NACUBO
8:30 AM
NACUBO Higher Education Member Forum
8:30–9:30 am ET • 0.5 CPE credits in Specialized Knowledge
Attendance at this session will be limited to attendees from institutions of higher education.
NACUBO leaders will review the endowment resources available for members, answer questions about the NACUBO-TIAA Study of Endowments, answer audience questions, and discuss emerging topics of interest.
Facilitators
Ken Redd, senior director, research and policy analysis, NACUBO
Randy Roberson, vice president, leadership development, NACUBO
10:00 AM
Back to the Future: How to Build Endowment Portfolios for the Future
10–11 am ET • 1 CPE credit in Finance
Investment strategies deployed over the last 10 years are unlikely to work over the next 10 years. During this session, panelist will explore a multitude of factors to consider: the perceived dominance of U.S. equities vs. others; the role of fixed income in a high inflation environment; higher interest rate implications for private equity and hedge funds; and the impact of climate change on investment opportunities.
Speakers
Jon Shear, chief investment officer, University of Utah, retired
Chris Lvoff, co-chief investment officer, Strategic Investment Group
10:00 AM
Don’t Forget the “S” and “G” in "ESG”
10–11 am ET • 1 CPE credit in Management Services
There are myriad challenges in establishing the right governance, design, and implementation of ESG considerations for university investments. Some of the most sophisticated organizations in the world are building the ESG approach for their specific organizational objectives and regulatory environment. This panel will explore ESG-related reporting expectations, incorporating ESG factors into the evaluation and monitoring of managers, how to set targets and build implementation roadmaps.
Speakers
Samantha Foster, managing director, non-profit OCIO solutions, Russell Investments
Liz Clark, vice president, policy and research, NACUBO
11:15 AM
We Need More People to Go to College
11:15am–12:15 pm ET • 1 CPE credit in Specialized Knowledge
A nationally syndicated columnist, The Washington Post’s Catherine Rampell takes a straight-on, data-informed approach to the most intriguing areas of economics, public policy, politics and culture. Recently in her column, Rampell called on political and educational leaders to reckon with the decline in college enrollment. Also a political and economic commentator for CNN and a special correspondent for PBS NewsHour, Rampell will share her sharp analysis, high level humor and insightful observations punctuated by cold facts and unbiased data.
Speakers
Catherine Rampell, Opinion Columnist, The Washington Post
Stay along the waterfront on Baltimore's Inner Harbor, within walking distance of Charm City attractions like the National Aquarium, Oriole Park at Camden Yards.
NACUBO's Group Rate for the 2023 Endowment Leadership Forum: $209 single/double (plus applicable taxes)
The deadline to reserve a room at NACUBO's Group Rate is Thursday, April 6, 2023
To make your hotel reservations online, click here
NACUBO thanks the following supporters of this event: