2015 JFNA Investment Institute
Draft Program
Sunday, February 8, 2015
10:30am-3:30 pm Golf Tournament: Emerald Hills, Ft. Lauderdale
1:00-3:00 pm
Tennis Round-Robin
5:00 pm
Registration Begins
6:00-6:30 pm
Cocktail Reception
6:30-7:30 pm
Keynote Greg Zuckerman, Special Writer and Author, The Wall Street Journal
Introduction: Louis Wolfson, Chairman, Wolfson Family Foundation
7:30 pm
Sponsor Dinners
Monday, February 9, 2015
7:00-8:30 am
Breakfast
8:30-8:45 am
Access to Success: The Goals and Vision of the Chairs of the JFNA Investment Institute
Welcoming Comments: Investment Institute Co-Chairs Michael Horvitz (Cleveland)
Phyllis Tabachnick (Chicago), Eric Stillman, CEO, Jewish Federation of Broward County
8:45-9:45 am
General Session: The United States: Setting the Pace for the Global Economy and
Financial Markets, Abby Joseph Cohen, Senior Investment Strategist, Goldman Sachs
9:45 -10:30 am General Session Panel: Blurring the Lines between Asset Allocation and Managers
Moderator – John Hoover, Andrea and Charles Bronfman Philanthropies
Eric Upin, Chief Investment Officer, Makena Capital Management
Mike Miller, Managing Director, Colonial Consulting
10:30 -11:00 am Networking Break
11:00-12:00pm General Session: Smart Volatility Reduction: How can the investor benefit from
Volatility Management
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Adrian Banner, CEO & CIO, INTECH
2015 JFNA Investment Institute
Draft Program
12:00-12:30pm Lunch
12:30-1:15pm General Session: How to Ensure Your Investment Policy Fits Your Organization’s Mission
Tal Keinan, CEO, KCPS Clarity Capital
Introduction: Jerry Silverman, President and CEO, JFNA
1:30-2:15 pm
General Session: Best Thinking on Private Alternatives
Ken Trippe, Director of Private Investments, Glenmede Investment and Wealth
Management
2:15 – 3:00pm General Session Panel: Social Responsible Impact Investing
Moderator: Julie Hammerman, Executive Director, JLens Investor Network
Heather Myers, Managing Director, Russell Investments
Allan Barkat, Founder and CEO, Dualis
Holden Lee, CFO and CIO, Jewish Community Federation of San Francisco
3:30 – 4:30pm Breakout Session Series A

Session 1A: Conflicts of Interest on Investment Committees
Moderator – Michal Barzuza, Caddell & Chapman Professor of Law, UVA Law School
Alison Lonshein, General Counsel and Assistant Secretary, The Frick Collection
Alan Leifer, Immediate Past Chair JFNA Investment Institute

Session 2A: The Rising Standards of Due Diligence
Moderator – Geoff Gerber, Investment Chair, Jewish Federation of Greater Pittsburgh
John Hyman – CEO, Algonquin Advisors
Jonny Lach – Partner, Albourne America

Session 3A: New Opportunities in Israeli Investments
Moderator: Alon Ozer, Senior Investment Officer, Greater Miami Jewish Federation
Jonathan Half, Managing Director, ION Asset Management
Steven Schoenfeld, BlueStar Global Investors
Jonathan Kolber, General Partner, Viola Partners
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2015 JFNA Investment Institute
Draft Program
4:45 - 5:45 pm Breakout Sessions: Series B

Session 4B: The Illusion of Diversification (White Board Project)
Moderator, Cathleen Rittereiser, Founder and CEO, Uncorrelated
Nolan Bean, Managing Partner, Fund Evaluation Group
David Brief, CIO, Jewish Federation of Metropolitan Chicago

Session 5B: The Impact of Costs on Investment Returns
Moderator – Jared Knote, Vice President, Wells Fargo Portfolio Risk Advisors
Ralph Wanger, Wanger Investment Management
Christian Gunther, Vice President and Senior Trader, Dimensional Fund Advisors
Kevin Justice, Principal and Head of Institutional Investor Services, Vanguard

Session 6B: Trends in Jewish Philanthropy
Kathy Manning, Immediate Past Chair, Board of Trustees, JFNA
Andres Spokoiny, President and CEO, JFN
Rachel Monroe, President and CEO, The hqarry and Jeanette Weinberg Foundation
6:00 pm
Cocktail reception
7:00 pm
Sponsor Dinners
9:30 pm
After hours networking – Beer and Wine
Tuesday, February 10, 2015
7:30 - 8:45 am Sponsor Breakfasts
8:45 – 9:00 am Summary from Day One
9:00-10:00 am General Session: Economic Investment Outlook 2015
Leon Cooperman, Chairman and CEO, Omega Advisors
Interviewer – Mark W. Yusko, Founder, CIO and CEO, Morgan Creek Capital
Management
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2015 JFNA Investment Institute
Draft Program
10:00-10:45 am
General Session: Governance Models: Outsourcing vs. Consulting; Staff vs. Volunteers
Bruce Zimmerman, CEO and Chief Investment Officer of The University of Texas
Investment Management Company (UTIMCO)
Introduction: John Griswold, Executive Director, Commonfund Institute
10:45-11:15 am
Networking Break
11:15-12:00 pm General Session: Family Foundations: From Investment to Philanthropy
Moderator - Jeff Solomon, President, The Andrea and Charles Bronfman Philanthropies
Sara Crown Star, Crown Family Philanthropies
12:00-1:00 pm Lunch with sponsored table topics
1:15 - 2:00 pm General Session: Evolution of Asset Management
Rob Kapito, President, BlackRock
2:15 – 3:00 pm Breakout Sessions: Series C

Session 7C: Following the Dollars: Capitalizing on Israeli Economic Growth
Moderator – Gary Jacobs, Co-Founder / General Partner NGT3 VC
Michael Freedman, Asquith Israel Merchant Bank
Moshe Bar Siman Tov, Minister for Economic Affairs, Israeli Embassy

Session 8C: Best Practices of Investment Committees
Moderator – Michael Horvitz, JFNA Investment Institute Co-Chair
Christina Van Liew, Private Wealth Advisor, Merrill Lynch
Bob Kokol, Investment Chair, Tampa Orlando Pinellas (TOP) Jewish Foundation
Diana Joseph, CIO, Barrington Strategic Wealth Management

Session 9C: The Cost and Benefits of Illiquid Investments
Moderator – David Brief, CIO, Jewish Federation of Metropolitan Chicago
Jamie Weinstein, Co-Head of Credit and Special Situations, KKR; Investment Committee
Member, Jewish Community Federation of San Francisco
George Siguler, Managing Director and Founding Partner, Siguler Guff & Company
David Bizer, Managing Partner, Jasper Ridge Partners
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2015 JFNA Investment Institute
Draft Program
3:15-4:00 pm

Breakout Sessions: Series D
Session 10D: Opportunities and Challenges in the Fixed Income and Credit Markets
Moderator- Ethan Youderian, Chief Investment Officer, PT Asset Management
Mamak Shahbazi, President, Colchester Global Investors
Jane Moncreiff, CIO, CareGroup/Combined Jewish Philanthropies

Session 11D: Spending Policy: Key to Intergenerational Equity
Moderator – Phyllis Tabachnick
Brian Wodar, Senior Vice President and the National Director of Nonprofit Advisory
Services, AllianceBernstein
David Brief, Chief Investment Officer, Jewish Federation of Metropolitan Chicago
Charlie Glassenberg, VP, Gift Planning & Investment Partnerships, Combined Jewish
Philanthropies

Session 12D: Top Down vs. Bottoms Up Investment Management Style
Moderator – Brian Bono, CFA, Senior Institutional Investment Strategist, SEI
Richard Bernstein, RB Advisors, CEO
Holden Lee, CFO & CIO, Jewish Community Federation of San Francisco
Rich Steinberg, Investment Committee Chair, Jewish Federation of South Palm Beach
4:15 – 5:00 pm General Session: Jim Grant, Founder Grant’s Interest Rate Observer
Introduction – Andrea Szigethy, Morgan Creek Capital Management, Principal and
Director of Marketing, Morgan Creek Capital
5:15 pm
Reception
7:00 pm
Sponsor Dinners
9:00 pm
After Hours Open Bar
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2015 JFNA Investment Institute
Draft Program
Wednesday, February 11, 2015
7:30-8:45 am
Sponsor Breakfasts
8:45 – 9 am
Summary Day Two
9:00-9:45 am
General Session: Social Investment and the New Role of Finance
Sir Ronald Cohen, Chairman Big Society Capital, The Portland Trust and Bridges Ventures
Introduction: Amit Marom, Founder and CEO, Marom Group
9:45-10:30 am General Session: Opportunistic Investing
Josh Friedman, Canyon Partners, Founding Partner, Co-Chairman and Co-CEO
Mitchell Julis, Canyon Partners, Founding Partner, Co-Chairman and Co-CEO
10:30-11:15 am General Session: Outsourcing, Insourcing and Consulting
Moderator – David Brief
Stephanie Lynch, Founding Partner, Global Endowment Management
Sandy Urie, President, Cambridge Associates
Dan Jick, Investment Committee Chair, JFNA Endowments
11:15 am
Closing Remarks (co-chairs, Michael Horvitz & Phyllis Tabachnick)
-----------------------------------------------------------------------------------------------------------------------------------------11:45-1:15 pm (Boxed Lunch Provided)
Closed session for Federations and private foundations
Moderator: Alan Leifer, JEFII Update
David Brief, CIO, Jewish United Fund/Jewish Federation of Metropolitan Chicago
Michael Dye, General Counsel, ASSOCIATED: Jewish Community Federation of Baltimore
Jane Moncrieff, CIO, CareGroup/CJP, Boston Jewish Federation
Barry Reis, Chief Financial Officer, Jewish Federation of Cleveland
Stephen Schwartz, Chief Investment Officer, Greater Miami Jewish Federation
1:15 pm
CONFERENCE CONCLUDES
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