Agenda

January 22, 2020
  • 7:30 AM
    Registration and Breakfast
  • 8:15 AM
    Opening Comments from the Chair
    Catherine Jackman
    Senior Institutional Manager & Director, Portfolio Manager, CIDEL ASSET MANAGEMENT INC.
  • 8:30 AM
    Keynote: Economic Climate
    Responding to the Economic Uncertainties Putting Your Investments at Risk
    Avery Shenfeld
    Managing Director and Chief Economist, CIBC Capital Markets, CIBC World Markets Inc.

    Investment markets face many uncertainties in 2020. From tariffs to consumer confidence, get the latest economic outlook to overcome possible downturn and market volatility. Source intelligence to: 

    • Anticipate the impact of interest rate changes on your portfolio
    • Discover trends in global markets and how they will affect investments 
    • Respond to short term trends while protecting your long-term investments 

    Create an action plan to capitalize on market volatility and protect your investments. 

  • 9:00 AM
    Case Study: Indiana University
    Achieve your Growth Goals Through a More Strategic and Tactical Approach to Asset Allocation
    Alex Yuchvid
    Director of Investments and Financial Analysis – Office of the Treasurer, Indiana University

    With AUM of 1.8 Billion, Indiana University’s Endowment has access to an array of investment vehicles. Assess how they are responding to the current investment climate, and their long-term strategies through a more tactical asset management approach. Gain strategic insights into:

    • How to respond to the trending investment landscape, and which ones can be expected to outperform
    • New investment vehicles that go beyond the traditional approach to endowment investing
    • Building more value into your investments through more tactical approaches

    Transform your asset allocation approach to navigate new trends in the investment landscape.

  • 9:45 AM
    Not Seeing the Forest for the Trees: The Importance of a Logical Asset Mix for your Long-Term Goals
    Peter Muldowney
    Senior Vice-President, Connor, Clark & Lunn Financial Group

    Investment committees generally spend more time selecting managers than determining asset mix. Deliver on a more optimal approach to building your asset mix. Create an action plan to: 

    • Ensure your key drivers are meeting your investment objectives 
    • Pick the right asset class for a bigger pay-off versus 
    • Achieve better outcomes through use case examples

    Build our future investment goals through a more logical asset mix

  • 10:15 AM
    Round Table:
    Comparing and Assessing Returns Across All Asset Classes

    A well-designed portfolio takes advantage of all asset classes, but some are more lucrative than others. This round table discussion will look into how you and your peers are performing, and determine what the optimal diversification could look like in today’s market. 

  • 10:30 AM
    Morning Break
  • 11:00 AM
    Case Study: London Community Foundation
    Adopt a Robust Enterprise Risk Program to Improve Your Governance and Operational Effectiveness
    Vijay Venkatesan
    Vice President Finance and Administration , London Community Foundation

    Effective risk management practices and good governance is the cornerstone of a strong organization. But executing exemplary governance is a difficult endeavour and requires diligence and fortitude. Source practical tips to:

    • Strengthen your organizations risk profile by integrating governance and financial management.
    • Utilize the expertise of your investment committee and board
    • Execute a rigorous assessment framework for maintaining transparency and trust

    Enable continuous improvement in risk management, governance and financial stability

  • Portfolio Construction
    • 11:30 AM
      Diversification:
      Increase diversification and stability in your portfolio with innovative techniques
      Andrew Kitchen
      Managing Director, Canada Institutional, Russell Investments Canada Limited

      Diversifications remains an essential hedge against downside risks, yet foundations remain reliant on tired strategies and traditional models. Jump start your new diversification plan by applying new approaches to portfolio structure. Source innovative solutions to:

      • Expanding beyond the traditional diversification models to optimize gains
      • Determine the most appropriate diversification strategies for your organization
      • Avoid the pitfalls of over diversifying and diluting income potential

      Deliver higher returns through new diversification strategies

    • 12:00 PM
      Committee Decision-making
      How to Improve your Investment Committee Decision-making
      TBA, SEI Investments

      Although investment committees have significant investment experience, they are not experts on all investment vehicles or market trends. To ensure your investments perform optimally, it is essential that committees are well versed in all outcomes to limit negative returns. Take back strategies to:

      • Develop a heightened awareness of how investment managers make decisions
      • Improve decision-making to mitigate risks and achieve more positive returns
      • Ensure your investment committee is aligned and delivering better investment decisions
      • Enhance committee decision making through the latest innovations and best practices
    Alternative Investment
    • 11:30 AM
      The Illiquidity Premium:
      How to Increase Your Returns by Harnessing the Illiquidity Premium
      Darren Spencer
      Director, Client Portfolio Manager, Alternative Investments, Russell Investments Canada Limited

      The concept of buying illiquid assets as a long-term investment for endowments has been popularized by many foundations and endowments. Historically investors have achieved above average returns through real estate, private equity/venture capital, and even infrastructure. Source your plan of action to: 

      • Explore paying assets, such as infrastructure to realize higher and more stable gains 
      • Add more real assets in growing markets that can be safe alternatives to more risky asset classes
      • Build new strategies for increasing investment income through asset ownership 

      Gain a solid plan to capitalize on how the Illiquidity Premium can increase your returns

    • 12:00 PM
      ESG SRI and Impact Investing: TBA, BMO
      Responsible Investing Success Strategies in Practice

      By now, all endowments and foundations have explored the use of SRI and Impact investment vehicles, with some experiencing more success than others. Millennial investors, according to a new The Star research report are more likely to invest in sustainable funds, and are more likely to be loyal to organizations that do likewise. Master the success factors to:

      • Better assess and capitalize on the most profitable ESG and SRI investment options available
      • Maximize the value of your assets allocated to SRI through more diligent approaches to your strategic asset management plan
      • Structure your impact investment program to add meaningful alpha

      Build wealth and further your mission through more practical and strategic SRI solutions

  • 12:30 PM
    Networking Lunch
  • 1:30 PM
    ESG SRI and Impact Investing
    Responsible Investing Success Strategies in Practice
    Nalini Feuilloley
    Senior Product Specialist on, Responsible Investment Team, BMO

    By now, all endowments and foundations have explored the use of SRI and Impact investment vehicles, with some experiencing more success than others. Millennial investors, according to a new The Star research report are more likely to invest in sustainable funds, and are more likely to be loyal to organizations that do likewise. Master the success factors to:

    • Better assess and capitalize on the most profitable ESG and SRI investment options available
    • Maximize the value of your assets allocated to SRI through more diligent approaches to your strategic asset management plan
    • Structure your impact investment program to add meaningful alpha

    Build wealth and further your mission through more practical and strategic SRI solutions

  • 2:00 PM
    Industry Expert: Northern Trust
    Capturing Increased GainsThrough a More Robust Private Investment Strategy

    Private equity carries big returns, big fees, and a big opportunity for the endowment model of investing. Delve into the details through a robust and sophisticated discussion about the nuances of private equity investment. Achieve a step-by-step action plan to:

    • Make the leap into the private equity market to realize high potential returns.
    • Achieve new confidence in negotiating the various opportunities in private equity
    • Pitch private equity to investment boards to see the value in planning for illiquidity in your investment budget

    Take back practical solutions on how to capitalize on new opportunities in private equity

     

  • 2:30 PM
    Afternoon Break
  • 3:00 PM
    ESG 5 Ways
    How to Implement a Viable ESG Strategy that Aligns with your Goals

    ESG investment strategies are gaining more momentum among institutional investors, particularly foundations and endowments. But finding the right investments for your particular organization can be challenging. Gain an implementable strategy that aligns with your goals:

     

    1. Build wealth from either an active or passive investment
    2. Find an investment strategy that works from both a bottom up stock picker or a top-down manager
    3. Assess your investments through quantitative or qualitative measurements
    4. Create a portfolio strategy that is either fundamental or behavioural
    5. Set your investments to align with your strategy as either growth or value based

     

    Determine how best to implement an ESG strategy that aligns with your organizational goals

  • 3:30 PM
    PANEL
    Increase your Long-term Returns through a more Tactical Approach to Impact Investment
    Nalini Feuilloley
    Senior Product Specialist on, Responsible Investment Team, BMO
    Brian Dowling
    Sr. Vice President, Finance and Information Technology, Vancouver General Hospital Foundation
    TBA, Co Power
    TBA, The Atmospheric Fund

    As government policies fail to adequately tackle environmental issues, foundations and endowments have filled the gap by investing in environmentally aligned companies. In many cases, the ROI has been above established benchmarks, and we are now seeing long-term returns continue to grow. Source practical and sustainable investment solutions to:  

    • Reap higher returns and deliver on your mission 
    • Capitalize on the highest growth – and most sustainable sectors – in the green economy
    • Diversify beyond your comfort zone and build a more international portfolio

    Optimize your sustainable investment strategy with a more tactical approach

  • 4:15 PM
    Committee Decision-Making:
    Navigating the Top Compliance Issues Facing Canadian Foundations
    Mark Blumberg
    Partner, Blumberg Segal LLP

    Foundations that are registered charities need to comply with corporate or trust law as well as Income Tax Act requirements.  Prepare your organization for some of the most important compliance issues facing foundations as well as recent developments in compliance. Create an action plan to:

    • Address the compliance obligations of donor-advised fund
    • Assess the requirements of perpetual endowments
    • Improve your compliance across a range of issues

     

  • 5:00 PM
    Closing Remarks from the Chair
  • 5:10 PM
    Evening Social Activities

    Unwind and mingle with the delegates and speakers at our “exclusive” end-of-the-day reception. Bring your business cards!

January 22, 2020
January 23, 2020
  • 7:00 AM
    Registration and Breakfast
  • 8:15 AM
    Opening Comments from the Chair
    Catherine Jackman
    Senior Institutional Manager & Director, Portfolio Manager, CIDEL ASSET MANAGEMENT INC.
  • 8:30 AM
    Case Study: Central City Foundation
    An Emerging Model of Impact Investing: A Practical Implementation Guide to EvolvingYour Purpose
    Jennifer Johnstone
    President & CEO, Central City Foundation

    Foundations and endowments are very concerned with building their purpose to further their mission. In order to achieve this, they must both invest in areas that further their mission, but also produce sufficient returns to continue serving their communities. Acquire key insights into how you can:

      • Appreciate what an emerging model of impact investment looks like
      • Assess your current position and challenge your expectations
      • Plan and implement a fruitful investment strategy that fosters social justice and truth and reconciliation
      • Build an investment portfolio incorporating social purpose real estate

    Uncover the process for evolving toward an emerging model of practice.

  • 9:15 AM
    Industry Expert: Risk Management
    Strategies to Mitigate Negative Returns and Position your Portfolio for Gains in a Bear Market

    Global financial markets continue to perform well, but bull markets end, and many investors see downturns on the horizon. Improve your risk mitigation strategies and position your organization for positive growth even in a downturn. Create a blueprint for: 

    • Limiting any overweighted sectors in your asset allocation
    • Building new strategies to thrive as volatility increases further
    • Adopting a long model that can be sustainable even in bear markets

    Create an action plan for mitigating your risks of negative returns and thrive even in bear markets

  • 10:00 AM
    Alternative Investing for Endowments and Foundations That Produce Higher Returns
    Michel Charron
    Investment consultant , PBI Actuarial Consultants Ltd

    The variety of investment options continues to grow, and consequently, so does the various alternative investment vehicles. From wine and art, or infrastructure and real estate, alternatives can be a confusing labyrinth to negotiate. Source your plan of action to:

    • Branch out into more exotic investments that are gaining increasing interest among investors
    • Successfully position your organization in alternative investments that fit your mandate and mission
    • Perform effective due diligence to capitalize on more niche alternatives

    Take back tactical strategies for exploiting more niche and lucrative alternatives

  • 10:30 AM
    Morning Break
  • 11:00 AM
    How to Better Respond to the Spectrum of Impact Options to Better Diversify your Portfolio – and Get Access to New Deals
    Adam Jagelewski
    Executive Lead, MaRS Centre for Impact Investing, MaRS Discovery District

    Impact investing is an important aspect of many endowment and foundation portfolios, but it is important to understand what the investment entails, the financial and impact considerations, and any insight in how it was developed. Delve into an exploration of three active investments - a fixed income / debt offering; a private equity / fund offering; and a public debt or equity offering. Create an action plan to:

    • Improve your assessment of various impact investment options
    • Better measure their impact, and your returns
    • Create access to newer and more profitable impact options

    Develop a comprehensive strategy to diversity your impact investments

  • 11:45 PM
    Speaker Spotlight: Risk
    Do you Have the Right Heroes?
    Ming Lam
    Co-founder, Silver Heights Capital

    We all have role models that we try to emulate.  In the investing world, almost everyone keeps an eye on how their portfolios perform compared with the broad benchmarks.   Do you know what you’re getting when you decide to invest this way?

     

    • Although passive investing has many benefits, it is not perfect.
    • What is your definition of risk?
    • What alternative is there?
  • 12:00 PM
    Networking Lunch
  • 1:00 PM
    CIO Discussion
    Steadying the Ship: Capitalizing on Investments Opportunities in an Uncertain Economy

    Top Foundations and Endowments are looking at both defensive and offensive strategies when it comes to meeting their investment objectives. Join us for a discussion with some of the most successful Foundations and Endowments as they provide key insights into their asset management strategies. Gain best practices in:

    • Deploying alternatives to reap the best risk-adjusted returns
    • Finding alpha in the most unlikely of places
    • Balancing long-term strategies with short-term opportunities

    Take back successful investment strategies that will build your organization’s financial success

  • 1:45 PM
    Spotlight: Diversification
    Innovative Practises to Increase Diversification and Stability in your Portfolio

    As some fixed incomes expected to give negative returns, many investors are looking to diversity out of bonds and into other relatively safe investments. Adopt an agressive proactive risk strategy that prioritizes liquidity and yet provides acceptable risk-adjusted returns. Take back strategies to:

    • Deploy a more dynamic risk management response to current market conditions
    • Apply risk analytics that can more accurately assess and predict future performance
    • Determine how risk should be chosen over traditional models

    Develop a more responsive diversification strategy to improve your returns

  • 2:30 PM
    Panel: Transparency and Fund Stewardship
    Revisit your Investment Policy Statement to Ensure Transparent Fund Stewardship
    Jason Krueger
    President & CEO, CBWC Foundation
    Mark Blumberg
    Partner, Blumberg Segal LLP

    Foundations face a growing need to ensure their community is engaged in their mission statement. For organizations committed to transparency, their IPS must reflect a more complex fund stewardship. Bring your governance to the next level an action plan to:

    • Develop a bottom-up relationship with the community you serve
    • Include the needs of your community in your fund stewardship discussions
    • Clarify your IPS to ensure it remains relevant to your community

    Improve your fund stewardship governance to include greater transparency and community engagement

  • 2:30 PM
    Spotlight: Investment Strategies
    Return on Mission: Leveraging Technology for Visibility, Insight, and Investment
    Joan Benson
    Director, Industry Marketing , Sage Intacct Corporation

    Whether you are on the giving or the recipient side, measure, track, and report on the metrics that matter most to your organization. Ensure you get the greatest return on your mission by leveraging modern technology to gain real-time visibility and insight into their investments. Adopt new strategies to:

    • Increase transparency to demonstrate fund compliance with donor wishes
    • Confirm donations are used in an appropriate manner
    • Monitor investments in real time, and report to all necessary parties more efficiently

    Take away new strategies to demonstrate donor compliance and investment success

  • 2:45 PM
    Afternoon Break
  • 3:15 PM
    ESG Hedge Funds
    Building a social enterprise portfolio of mission aligned initiatives that generate non-philanthropic revenue to fund growth
    Doug Roth
    Chief Finance and Administration Officer and Head of Social Enterprise, Heart and Stroke Foundation

    The Heart and Stroke Foundation has delved into the social enterprise space, and is showing some promising outcomes. For foundations looking to move into this area of activity, there are many great lessons to be learned. Source key insights into:

     

    • Some of the challenges with developing a social enterprise strategy
    • How Heart and Stroke launched Canada’s first health related program funded by a ‘social impact bond’
    • Various opportunities to structure risk capital, including funding through 13 individual, nonprofit and for-profit investors
    • How the program’s outcomes trigger payments from the federal government that, if successful, generates both a social and a financial return for investors

     

    Assess how you can take advantage of social enterprise initiatives to generated non-philanthropic revenue

  • 4:00 PM
    Achieving A Viable Triple Bottom Line by optimizing your ESG/Impact Investing Approach
    MJ Sinha
    Director of Finance, Catherine Donnelly Foundation

    While many investors express concern that some ESG/Impact Investment strategies generate lower returns, studies have historically indicated otherwise. Harness the benefits of ESG/Impact Investments in your organization to increase returns. Take away important strategies to:

    • Optimize returns and impact with targeted asset class of investments
    • Implement an ESG investment program
    • Assess and revised your impact investment mandate

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

  • 4:45 PM
    Closing Remarks from the Chair
  • 5:00 PM
    Conference Adjourns
January 23, 2020

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