Registration Open for CIO Summit | Chief Investment Officer

On May 10 and 11, chief investment officers and asset owners from across the country will come together for Chief Investment Officer’s ninth annual CIO Summit at the Harvard Club of New York to discuss some of their biggest ideas, dilemmas, and opportunities in an off-the-record discussion.

Registration for the event is open to CIOs and others from the asset owner community. Panelists are leaders in their field from public and corporate plans, endowments and foundations, family offices, and sovereign wealth funds. The event is planned to stimulate idea swapping and actionable conversation.

You may register for the CIO Summit at this link: https://www.ai-cio.com/events/2018-chief-investment-officer-summit/?pid=ab&eday=1. The deadline for registration is May 4.

This year’s summit theme, “Navigating Uncharted Waters in the ‘New, New Normal’” looks to center talks around emerging markets, the rise of technological strategies and disruptions, and ESG investing becoming a household name. The event is under Chatham House rules, so all of the knowledge you absorb will be off-the-record and behind closed doors.

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Some topics discussed will include The Big Picture: Navigating Nosebleed Valuations and Uncharted Waters; Emerging Markets: Tapping into the Rise of the Rest; One Year Later: Macro Investing and Political Risk; Getting ESG Right; The Digital CIO; and Investing in the Age of Disruption. The full agenda can be viewed here.

The keynote speaker is Olivia Engel, senior managing director and CIO of State Street Active Quantitative Equities, who proposes a rational framework for equity investing that seeks to maintain active risk in the pursuit of alpha, while achieving simplification and a reduction in expenses.

Please join us for two days of discussion, tips, and techniques from other CIOs and asset owners that are meant to keep plans strong and networks healthy.

The CIO Summit is designed to address the investment, strategic, and operational challenges facing asset owners with a minimum AUM of $1B+ from pension funds, sovereign wealth funds, endowments and foundations, healthcare and insurance funds, and large family offices. Complimentary attendance is available to the CIOs and senior investment executives managing these funds as well as a select group of investment consultants advising these executives. We reserve the right to review all registrations to confirm each registrant meets these criteria.

Asset managers and other organizations providing various products or services to this highly qualified group of asset owners may only attend via sponsorship.

Tags: CIO, CIO Summit, ESG

Kentucky Republican Gov. Matt Bevin lost his court bid to quash Democratic Attorney General Andy Beshear’s lawsuit knocking out a teachers’ pension overhaul bill pending before the GOP-controlled legislature.

Judge Phillip Shepard ruled against the governor’s attempt to disqualify Beshear from bringing the lawsuit over the pension bill, which seeks to trim benefits for new teacher hires. The governor’s legal team argued that the attorney general had a conflict because he advised lawmakers on the measure—counseling them to ax it. Beshear then sought a legal remedy when the legislature went the other way. That action constituted an ethical violation, the governor’s side argued.

According to WKYT, Judge Shepherd of Franklin Circuit Court denied the motion because it interfered with the legislative process regarding a pending bill. He also concluded that Beshear had acted “ethically.”

The lawsuit is the latest bout in the ongoing saga of the Democratic Beshear versus the Republican Bevin, with the fate of Kentucky’s pension system on the line.

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Beshear had filed the lawsuit after Bevin had tucked the controversial pension reform into a sewage bill overnight, which Beshear contended was subterfuge. The bill was passed the next day, without a chance for the legislation’s review nor public comment. Beshear claims that the bill violated a legally binding contract with state workers, under the constitution, which he said safeguarded pension obligations.

After the judge’s ruling, Beshear declared that it would ensure that the legislature “never turns a sewage bill into a pension bill ever again.”

The bill would reduce retirement benefits for teachers in order to shore up the state’s floundering pension debt. Under the bill, newly hired teachers would be moved from a defined benefit plan to a hybrid cash-balance plan. Accumulated sick days that can be used toward retirement would also be reduced.

With a funded status of 31%, Kentucky is currently facing a $40 billion shortfall. Bevin has been scrambling over the past year to put together a pension reform that would help save the troubled state retirement system, but all of his attempts have been met with opposition.

Beshear expects the bill to be thrown out in Judge Shepherd’s court. The judge is expected to make a decision on the case by early June.

The governor’s office was unable to be reached for comment.

Tags: Andy Beshear, Kentucky, Matt Bevin, Pension