Old Mill Toronto
Toronto, ON

Wednesday January 30th &
Thursday January 31st, 2019

2019 Agenda

January 30, 2019
  • 7:30 AM
    Registration and Breakfast
  • 8:15 AM
    Opening Comment from Chair
  • 8:30 AM
    KEYNOTE: ECONOMIC CLIMATE
    Global and North American Outlook and the Implications for Investors: Addressing Economic Uncertainties
    Avery Shenfeld
    Managing Director and Chief Economist, CIBC Capital Markets, CIBC World Markets Inc.
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    With a Trump Presidency and a potential hard Brexit, investment markets face many uncertainties. Get the latest economic outlook to overcome market volatility for your organization. Source intelligence to:

    • Anticipate the impact of interest rate changes on your portfolio
    • Discover what economic uncertainties can mean for your program and mission
    • Protect your long-term investments

    Overcome market volatility to protect your investments.

  • 9:15 AM
    CASE STUDY: MANAGING LATE CYCLE RISK
    How to Manage the Final Stages of a Bull Market and Increase Your Returns
    Joshua Fenton
    Director of Investments, Helmsley Charitable Trust

    The final stages of a bull market are often surprisingly profitable. Managing this high return vs. high-risk reality heightens the importance of accurately managing investments late in the market cycle. Discover how to give up some upside in the late stages of a market cycle by moving to cash/bonds to protect your asset base. Take away a plan to:

    • Develop an investment program from zero
    • Manage against two separate investment objectives
    • Adjust investment goals: allowing for some market underperformance for a long-term benefit

     

  • 10:00 AM
    CASE STUDY: THE ILLIQUIDITY PREMIUM
    How to Increase Your Returns by Harnessing the Illiquidity Premium
    Nick Bakish
    Director Finance, Sierra Club Canada

    The concept of buying illiquid assets as a long-term investment for endowments has been popularized by David Swensen, CIO of the Yale Endowment fund. Achieve excess returns for your organization by investing in illiquid investments like real estate, private equity/venture capital, and even timber.

    This session will explore:

    • Using private debt to provide excess returns over traditional bonds
    • How adding alternatives can reduce risk due to lower correlation and increase returns
    • Strategies for using income provided for endowment, while the principal increases over time

    Understand how the Illiquidity Premium works to increase your returns.

  • 10:30 AM
    Morning Break
  • 11:00 AM
    World Gold Council Sponsorship Presentation
  • 11:30 AM
    INDUSTRY EXPERT: SECURITY TOKENS
    How to Leverage Security Tokens as a New Investment Strategy
    Jack J. Bensimon
    Chair, Endowment Fund, Technion Canada / Technion , Israel Institute of Technology

    Digital assets and cryptocurrencies have seen a recent explosion in growth. But despite some obvious benefits of digital assets and cryptocurrencies, institutional investors have been slow to fully engage in this asset class. Find out how you can use security tokens via Security Token Offerings (STOs), to invest in cryptocurrencies.

    Take away strategies to:

    • Understand what Digital Asset Issuances (Dais) are
    • How security tokens can be used in your investment strategy
    • Clarify the risks associated with Dais

    Innovate your investment strategy with new cryptocurrency technology

  • Real Assets
    • 12:15 PM
      How to Implement in a Non-Profit Portfolio
    Investment Beliefs
    • 12:15 PM
      Creating a Framework to Foster Consistency in Decision Making
  • 12:45 PM
    Networking Lunch
  • 1:45 PM
    Case Study: Impact Investments
    Review Mission-Driven Impact Investment Strategies to Meet your Mandate
    Kathryn Wortsman
    Fund Manager, MaRS

    Organizations are re-thinking the way they are investing in causes closest to their missions. Create a business case for philanthropic investment to drive value for returns.

    Master the success factors to:

    • Focus on reducing greenhouse gas emissions at scale
    • Support healthcare and personalized medicine
    • Invest in education and transform pedagogy through interactive tools

    Develop your mission-related investment strategy while driving results.

  • 2:30 PM
    Case Study: High Yield Bonds
    Harness The Benefits Of Role Of High Yields Bonds In Your Portfolio To Increase Returns
    Mario Lavallée
    Professor, Université de Sherbrooke

    Adding high yield bonds to a portfolio can be beneficial for investors looking to increase their income/return potential but are hesitant to increase their equity risk. Discover the pros and cons of incorporating HYB to your portfolio.

    Take away a plan to:

    • Include HYB into your asset allocation to improve the risk-return trade-off
    • Clarify the impact of HYB for non-taxable investors with regular cash flows needs
    • Take advantage of downside risk and the time to recuperate the loss

    Change the way you look at HYB and incorporate them into your portfolio

  • 3:15 PM
    Afternoon Break
  • 3:45 PM
    Interactive: Birds of a Feather
    Address Economic Uncertainties to Mitigate Your Risks

    Gain insights from your industry peers and benchmark your organization against others in this interactive session. Delegates will be divided into informal discussion groups based on the types of foundation.

    Topics to be discussed include:

    • Reviewing your investment policy statement
    • Benchmarking the performance of your managers
    • Achieve your responsible investment goals

    “Flock together” to brainstorm innovative approaches to your most pressing challenges.

  • 4:00 PM
    Case Study: Active Owndership
    Developing a Framework for Effective Responsible Investment Goals
    Kevin Thomas
    Executive Director, SHARE Canada

    As an active owner, endowments engage with companies and managers they invest in. Actively manage environmental, social, and governance practices to preserve long-term shareholder value and enhance your long-term returns. Take away strategies to:

    • Enhance shareholder engagement and voting issues
    •  Advance your mission through shareholder's voice
    • Produce positive environmental, social, or governance impacts in public markets

    Employ active ownership to achieve investment and mission goals

  • 5:15 PM
    Conference Adjourns
January 30, 2019
January 31, 2019
  • 7:30 AM
    Registration and Breakfast
  • 8:15 AM
    Opening Comments from the Chair
  • 8:30 AM
    Keynote: Social Trends
    How New Social Trends Will Change Your Investment Strategy
    Bruce MacDonald
    President and CEO, Imagine Canada

    Many social services are provided by the NFP sector, yet change in society is impacting how you invest in perpetuity. Gain insight into what changes are taking place, and what you need to do to continue to meet your mission.

    Take away strategies to overcome:

    • Canada's Social Deficit
    • Changes in personal giving
    • How affluent Canadians have room to increase their support

    Prepare to adapt your investment strategy to new social norms.

  • 9:15 AM
    Case Study: Blended Finance
    Successfully Balancing Purpose and Profit in a New Era of NFP Investment
    David O’Leary
    Director of Impact Investing, World Vision Canada

    Innovative foundations and endowments are partnering with the for-profit sector to maximize the ROI on their investments. Drive change in your investment approach by adopting proven cutting-edge investment strategies. Gather intelligence on:

    • How to implement impact investing, social enterprise, results-based financing, and blended finance
    • What you should do to successfully adopt for-profit principles drive returns while meeting your mandate
    • Creating profit motives from investing into social problems

     Ensure your organization earns profit through philanthropic investments.

  • 10:00 AM
    Industry Expert: Jarislowsky
    Fraser Limited
  • 10:30 AM
    Morning Break
  • 11:00 AM
    Case Study: Reponsive Investing
    Achieving A Double Bottom Line by Adopting a Responsive Investing Approach
    Simba Ndemera
    Chief Financial Officer, Sierra Club Foundation (U.S.)

    Responsive Investing is no longer “niche,” but still not “vogue”. While many investors express concern that RI strategies generate lower returns, studies have historically indicated otherwise. Harness the benefits of RI in your organization to increase returns.

    Take away strategies to understand:

    • How RI asset class investments compare on the risk/reward spectrum
    • How to implement an RI investment program
    • The performance debate: analyzing ESG ratings and correlation

    Address potential opportunities, challenges, and solutions in RI investing in your organization

  • 11:45 AM
    Panel Discussion: Conducting An Effective Investment Manager Search
    A Practical Implementation Guide to Improve Your Money Manager Search, Selection and Evaluation
    Sandra Hawken
    President and CEO, Holland Bloorview Kids Rehabilitation Hospital Foundation
    Jory Cohen
    Director of Social Finance and Investment, Insprit Foundation

    Mitigate risks, meet due diligence, and enhance performance through manager selection. Acquire tricks of the trade and avoid pitfalls when conducting your own search. Learn how to:

    • Staff an investment committee with diversified expertise
    • Design and implement a systematic selection process
    • Uncover the process for conducting a manager search that prioritizes positive impact

    Determine how to search and select asset managers for your mandate.

  • 12:30 PM
    Networking Lunch
  • 1:30 PM
    Case Study: Achieving Financial and Mission-Related Returns
    Successfully Balance Mission and Financial Returns in Your Investments
    Julia Langer
    CEO, The Atmospheric Fund

    Endowments must find the right balance between achieving both financial and mission-related returns. Achieve risk-adjusted financial returns, urban carbon reduction results and mobilization of capital into low-carbon solutions by demonstrating and de-risking opportunities in your organization. Get insight into:

    • Aligning investment policy and beliefs
    • Establishing governance and internal capacity for impact investing
    • Setting performance and metrics for evaluation of impact

    Deploy more of your money in alignment with your mandate

  • 2:15 PM
    Industry Expert: Committee Decision-Making
    How to Improve Your Investment Committee Decision-Making
    Peter Muldowney
    Senior Vice-President, CONNOR, CLARK & LUNN FINANCIAL GROUP

    Investment committees are typically comprised of volunteers with significant investment experience. To make effective decisions, it’s critical to be aware of biases and influences that can negatively impact decisions. Take back to your office strategies to:

    • Create awareness of the major biases and influencers
    • Provide insights on how to improving decision-making dynamics for positive outcomes
    • Get the most out of your investment committee

    Enhance committee decision making through best practices

  • 2:45 PM
    Afternoon Break
  • 3:15 PM
    Panel Discussion
    PANEL DISCUSSION to be confirmed today
    Elena Haba
    Director of Investments (Acting), EWB Ventures, Engineers Without Borders (EWB) Canada
  • 3:00 PM
    Afternoon Break
  • 3:30 PM
    Case Study: Donor Relations
    Ensure your Stewardship with Well-crafted Donor Agreements
    Danny Glenwright
    Executive Director, Action Against Hunger

    Many Canadian foundations are constrained by poorly conceived donor agreements that struggle to identify the responsibility of meaningful stewardship. Avoid common pitfalls in drafting gift agreements with your donors. Discuss best practices to:

    • Personalize stewardship linked to charitable activities and investments
    • Identify common pitfalls and define metrics
    • Enhance your transparency

    Manage donor agreements to protect your reputation.

  • 4:00 PM
    Interactive: Start Stop Continue
    Organize Your Notes, Leverage Your Takeaways, and Advance Your Investment Strategy

    Mixing public, charitable and private money can enable unique investment opportunities. Join development banks and private investors to optimize your spending and create returns. Gain insights to:

    • Analyze blended finance as a concept and its implication for your foundation
    • Develop your partnership to create returns on investment
    • Leverage your expertise within local communities

    Foster economic development while enabling high returns investment for your organization and partners.

  • 4:30 PM
    Conference Adjourns
January 31, 2019

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