Keynote Speakers

Michael R. Beasley, Managing Director, Strategic Investment Solutions (SIS)

Michael R. Beasley is Managing Director of Strategic Investment Solutions, Inc., an investment consulting firm he helped found in 1994.  He is a graduate of the New Mexico Military Institute, and began his investment career in 1973 after serving five years as an officer in the U.S. Army that included a combat tour in Vietnam.  He spent the next 13 years with the Capital Markets Group of Merrill Lynch, where he started and managed the corporate financial services offices in Jacksonville, Florida, and later in Atlanta, Georgia.

In early 1986, he opened the Atlanta Office for San Francisco-based Callan Asso­ciates Inc., and assumed the additional duty of managing Callan's New York Office in 1988.  In late 1991, he was appointed to the position of Executive Vice President and head of consulting.  In this capacity, he was responsible for all offices, consultants, systems, program­ming, database, report production and technology development.  He is a frequent speaker and writer on issues of concern to the institutional investor marketplace.

Richard M. Charlton, Chairman, CEO, NEPC, LLC

Dick's investment experience dates back to 1972 when he initiated Michigan Bell’s Pension Oversight District in anticipation of the requirements of ERISA. Dick also prepared risk, return and capital structure regulatory testimony, and wrote his master's seminar on pension fund performance evaluation. He was elected Assistant Treasurer in February 1976, overseeing the financial modeling, market research, corporate economics, pension, and math research districts.

After an assignment at AT&T, Dick joined Merrill Lynch Capital Markets in 1981, assuming the investment consulting responsibility for over $25 billion in assets. With Merrill Lynch's decision to leave the institutional investment consulting market at the end of 1985, Dick formed his own firm, New England Pension Consultants, converting 100% of his clients in this process. During the ensuing 22 years, NEPC has become one of the ten largest investment consulting firms in the industry, earning wide acclaim for its superior client ratings in national independent surveys, its unconflicted revenue model and its ability to add value to client investment programs. NEPC currently services 265 full retainer relationships with assets in excess of $300 billion with over $36 billion committed/invested in alternative assets.

Dick is a frequent speaker at national industry conferences and seminars. He served as the Co-Chairman of the Consultant's Performance Presentation Standards Task Force, a two-year effort by the investment consulting industry to develop standards for performance documentation, presentation and disclosure.

Dick’s undergraduate degree is in Mechanical Engineering from the University of Detroit (1965) and his M.B.A., with emphasis in Statistics and Finance, is from Wayne State University (1972). He is also a past director of IMCA, the Investment Management Consultants’ Association.

Featured Speaker

Peter Boockvar, Equity Strategist, Miller Tabak + Co., LLC

Peter Boockvar is currently the Equity Strategist at Miller Tabak + Co., LLC., in addition to his role as a salestrader on the equitydesk. He is often seen on Bloomberg TV, CNBC, CNBC Asia and Fox Business and is frequently quoted on Reuters, Dow Jones Newswires, Financial Times, Wall Street Journal, and The Associated Press. He joined Miller Tabak + Co., LLC in 1994 after working in the corporate bond research department at Donaldson, Lufkin and Jenrette. He is on the Board of Directors of Ameritrans Capital Corporation, a publicly traded Business Development Company. He is also president of OCLI, LLC and OCLI2, LLC, farmland real estate investment funds. Mr. Boockvar graduated Magna Cum Laude with a B.B.A. in Finance from George Washington University.

Featured Panel Speakers

Timothy R. Barron, President, CEO, Rogerscasey

Tim Barron is the President and Chief Executive Officer of Rogerscasey, responsible for the strategic direction and management of the firm. He oversees new business development, institutional consulting, investment research and manager research as well as all operational aspects of the firm. Some of his firm committee assignments include heading the Rogerscasey Management Committee that is responsible for setting the overall business strategy and direction of the firm and membership on our Fiduciary Investment Review Committee, which provides oversight for our fully discretionary relationships.

Tim joined Rogerscasey in 2002 with over 25 years of experience in the investment industry. Most recently, he was employed at Muzinich & Co., a high yield bond investment specialist firm, where he was Director of U.S. Institutional Client Development. Prior to that, he was a principal at Morgan Stanley Dean Witter Investment Management. Before joining Morgan Stanley, Tim was a Managing Director and Senior Consultant at BARRA RogersCasey, where he led a team providing consulting services to a variety of clients. Tim was also a consultant with Wyatt Asset Services, the Chief Investment Officer for the Virginia Retirement System, and the Executive Director of the City of Richmond Retirement System.

Tim graduated with a B.A. in Philosophy from Emory University. He also received a M.B.A. in Finance from Georgia State University. Tim is a founding Board member and Treasurer of the American Women's Financial Education Foundation.





Suzanne Bernard, CFA, Ennis Knupp + Associates

Ms. Bernard, principal, serves as the primary consultant and manages consulting assignments for a number of EnnisKnupp retainer and project clients. She manages the firm’s research on opportunistic strategies and is a member of the Advisory Council for the global private equity group, real estate group, and emerging managers.

She has written research papers on the role of real estate for institutional investors and issues relating to defined contribution plans.


Some recent projects Suzanne completed for our clients include:

- Conducted several comprehensive asset/liability and investment structure reviews for large pension fund clients

- Worked with a large corporate fund to review its asset-liability circumstances after a major divestiture and to restructure the fund’s asset allocation and manager structure

- Structured an alternatives investment program for a client with unusually high inflation sensitivity and a need for high current return

- Advised a not-for-profit client in a review of its program, which included consideration of spending policies, review of asset allocation, and modification of its managers’ roles and products utilized

Suzanne holds a B.S. degree in finance from the University of Illinois at Urbana-Champaign and an M.B.A. degree from the University of Chicago. She is a CFA charterholder and a member of the CFA Society of Chicago. Suzanne joined the firm in 1988.

Keith H. Black, CFA, CAIA, Associate, Ennis Kunpp + Associates

Mr. Black, associate, leads consulting relationships for a select number of EnnisKnupp retainer and project clients. Keith is also a senior member of the firm’s opportunistic strategies investment management research group.

Prior to joining EnnisKnupp in 2007, Keith taught at the Illinois Institute of Technology as an Assistant Professor and Senior Lecturer for the past eight years on several subjects, including investments, equity valuation, portfolio management, mutual funds, economics, hedge funds, global investment strategy, finance, and enterprise formation (venture capital). He has also authored a book entitled, “Managing a Hedge Fund: A Complete Guide to Trading, Business Strategies, Risk Management and Regulations,” that was published by McGraw Hill in 2004, and has written several published research articles on issues facing hedge funds. 

Keith holds a B.A. degree from Whittier College in mathematics/computer science and economics, and an M.B.A. degree from Carnegie Mellon. He is a CFA charterholder and holds the Chartered Alternative Investment Analyst designation as well.

Gary Bland, Chief Investment Officer, New Mexico State Investment Council

Governor Bill Richardson appointed Gary Bland as New Mexico’s State Investment Officer in 2003.  Gary has extensive experience in real estate development, venture capital and private-equity investing, and came to New Mexico after 28 years at The Boeing Company in Seattle, the last 16 of those years as Vice President of Trust Investments.  At Boeing he oversaw investment of Boeing’s $62 billion employee trust funds, and established a track record for innovative efforts to involve minority communities in the aviation giant’s investment strategy.  

Before his time at Boeing, he attended University at Washington State and served a tour of duty for the Army in Vietnam. Gary is a history buff and an avid outdoorsman.  Gary and his wife Susan and daughter Julia, currently donate volunteer time to “Challenge New Mexico,” a local organization which offers therapeutic and recreational horseback riding for differently-abled children in New Mexico.

Eric Busay, CFA, Portfolio Manager, Currency Overlay and International Fixed Income, CalPERS

Portfolio Manager, CalPERS, Currency Overlay and International Fixed Income, with over 25 years currency trading, foreign fixed income, sales and portfolio management experience. Eric is responsible for CalPERS’ multi billion U.S. Dollar Currency Overlay program consisting of an internal programs and external managers, the International (non USD) Fixed Income 130/30 program which is entirely managed by external managers.

Before joining CalPERS Eric held positions as a proprietary currency and fixed income trader at Koch Industries, Inc., responsible for the multi billion-dollar company-wide currency exposures.

Previously he held a wide variety of trading, sales and management positions with the Toronto Dominion Bank, including that of Chief Dealer and Director of the Currency Desk.


Eric published several papers including:

-- A Framework to Determine a Currency Hedge Ratio as a chapter in a Risk Waters book, " Currency Management: Overlay and Alpha Trading”

-- Currency Return Attribution for International Fixed Income and Equity as a chapter in a Risk Waters book “Foreign Exchange: A Practitioner’s Approach to the Market” 

-- Establishing Benchmarks for Currency, The Disentangling of Currency Returns -  soon to be published paper (in The Journal of Performance Measurement).

He has presented at numerous conferences on topics related to international fixed income and currency.

He earned his undergraduate degree from The University of British Columbia, in Honors Economics, also completed studies at McGill University. He is a:

--Chartered Financial Analyst and is on the CFA Institute’s FAS Board of Regents,

-- Judge for the 2007 & 2008 Global Pension Awards and on Global Pensions Fund Panel.

--Member of the Federal Reserve Bank of New York’s Foreign Exchange Committee's Buy Side Subcommittee.

Shanta Chary, Chief Investment Officer, Orange County Employees Retirement System

Shanta Chary is the Chief Investment Officer for the Orange County Employees Retirement System.  Prior to her appointment as the CIO in April 2006, she was responsible for the implementation of Board adopted asset allocation policy and had oversight of equity and fixed income programs.  Ms. Chary has been employed with the OCERS investment department since 1999.  
 
Prior to joining OCERS, she worked for Bankers Trust and Chase Manhattan Bank. Shanta earned an undergraduate degree from City University of New York and has an MBA from California State University.

Jonathan Choslovsky, Partner, Senior Strategy Analyst, Albourne Partners

Mr. Choslovsky is a partner at Albourne Partners. He has been the senior strategy analyst responsible for global coverage of event driven hedge fund strategies since joining the firm in 2004. From 2000 through 2004, Mr. Choslovsky was a portfolio manager at two different hedge funds: Blackfin Capital in New York followed by Tresckow Partners in San Francisco. Mr. Choslovsky began his career as an attorney in the enforcement division of the United States Securities and Exchange Commission. He received his law degree, with honors, from American University and his undergraduate degree from the University of Southern California.

Carmen Racy-Choy, FSA, FCIA, MBA, Chief Investment Officer, San Jose
Federated City Employees Retirement System and San Jose Police & Fire Department Retirement Plan

Carmen Racy-Choy is the Chief Investment Officer for the San Jose Federated City Employees Retirement System and the San Jose Police & Fire Department Retirement Plan.  Since her appointment in July 2008, she has made a significant contribution to the analysis of plans assets and liabilities, and spearheaded Trustee education in Alternative Investments.  In addition to her impressive educational credentials, she has extensive experience as an enrolled actuary and a pension plan investment consultant.

Prior to joining the City of San Jose, she was a Principal at Mercer Investment Consulting in Montreal, an Actuary and Director of Risk Management/Finance for Sunlife Financial, Associate Actuary for Manulife Financial and Manager of Investment & Product Risk Management for NN Financial (ING Group).

Carmen graduated with a MBA from INSEAD and a B.S. in Actuarial Mathematics from Concordia University.  She is a Fellow of both the Canadian Institute of Actuaries and the Society of Actuaries.  

Carmen served on the Society of Actuaries Investment exam Committee from 2000 to 2002, the Canadian Institute of Actuaries Continuing Education Committee from 2001 to 2004 and the Younger Actuaries Committee from 1999 to 2002.

Bryan R. Decker, Managing Director, Chief Investment Strategist,
Evaluation Associates

CURRENT RESPONSIBILITY
Bryan is a principal, managing director, and chief investment strategist at Evaluation Associates. He joined the firm in 1993. Bryan brings broad industry experience and proven leadership skills to the firm. He has overall responsibility for the management of Evaluation Associates, including client service, manager research, and business development.  In his role as chief investment strategist, Bryan develops both short-term and long-term views of market opportunities. He is chair of the firm’s Executive Committee and is a member of the firm’s Asset Allocation Committee. Bryan is also part of Milliman’s Investment and Marketing Strategic Planning Groups.

EXPERIENCE
Bryan first joined Evaluation Associates as an analyst covering alternative strategies for Evaluation Associates Capital Markets, and subsequently joined the consulting practice in 1997. While director of the firm’s research department, Bryan managed and coordinated activities across the various asset class teams, ensuring consistency in the firm’s investment manager due diligence process, market evaluation, and manager search process. As director of alternative research, Bryan oversaw Evaluation Associates’ efforts in the alternatives arena, including private equity, real estate, hedge funds (fund of funds), and commodities.

EDUCATION

MBA, Finance and International Business, New York University Stern School of Business
BA, Physics and Economics, Vassar College

George Diehr, Ph.D., Chairman of the Investment Committee, Vice President,
Board of Administration, CalPERS

Dr. George Diehr was first elected to the CalPERS Board in 2002, where he represents approximately 250,000 state employees. He was re-elected for a second 4-year term in 2006.  He presently serves as Vice President of the Board, Chair of the Investment Committee and Vice Chair of the Health Benefits Committee. He also serves on the Benefits and Program Administration Committee.

Dr. Diehr represents CalPERS on several national and international committees including the International Corporate Governance Network (ICGN) where he is co-chair of the Accounting and Auditing Practices Committee. He also serves as a member of the ICGN’s Executive Remuneration Committee. In the area of health care, Dr. Diehr represents CalPERS as a member of the board of the National Coalition on Health Care.

Since 1990, Dr. Diehr has been on the faculty of the College of Business Administration at California State University, San Marcos. In addition to teaching, he has held several administrative positions including interim dean and chair of the university’s academic senate. He is also active in the faculty union, the California Faculty Association. His academic research and publications include textbooks and articles in professional journals on database management and applied statistics. Prior to joining the CSU faculty, Dr. Diehr was on the faculty of the University of Washington School of Business Administration in Seattle.

Professor Diehr received MBA and PhD degrees from the UCLA Graduate School of Management and a Bachelor of Science degree from Harvey Mudd College.

Michael J. Forestner, CFA, Director of Private Markets, Hammond Associates

Mr. Forestner is the Director of Private Markets for Hammond Associates where he is responsible for advising institutional clients on private equity and real assets investments and is a member of the firm’s Internal Investment Committee.  Michael has responsibility for performing due diligence on and the monitoring of a broad spectrum of partnerships in the venture capital, buyout, real estate, natural resources, infrastructure and special situation sectors, and oversees a staff of four.  He also represents clients on thirteen limited partner advisory boards.

Prior to joining Hammond Associates in 2003, Michael spent two years as Managing Director of EndPoint Capital, an SEC-registered investment advisor managing in-kind stock distributions from venture capital partnerships for private equity investors.  Prior to EndPoint, Michael was with Southern Company from 1996-2000, where he was responsible for managing the private equity and global fixed income components of the company’s pension plan.  Prior to his position at Southern Company, he was an Equity Analyst and Trader for Equity Investment Corporation, a mid-cap value equity money manager.  Michael earned a BBA in Finance and an MBA in Finance and MIS from the University of Georgia and has received the Chartered Financial Analyst designation.

Robert Greene, Trustee, Virginia Retirement System

Robert L Greene is a Principal with Syncom Venture Partners, a leading venture capital firm based in Silver Spring, Maryland. Syncom Venture Partners manages over $400 million of capital on behalf of a blue chip list of the nation’s largest institutional investors. Bob’s primary responsibilities include deal sourcing, investor relations and portfolio company development.

Bob is the former President of the National Association of Investment Companies (NAIC), the industry association for private equity firms that invest in America's Emerging Domestic Markets. He is also the co-founder and served as the inaugural President of The Marathon Club, a partnership comprised of many of the most prominent African American and Hispanic American business professionals in the United States; including The Executive Leadership Council, NAIC and New America Alliance.

Previously Bob was Director of Private Equity with Arthur Andersen Transaction Advisory Services, in Washington DC. In this capacity, he advised private equity firms on a variety of private equity transactions. His clients included many of the best known and most successful private equity firms in the nation like Allied Capital, Texas Pacific Group and The Carlyle Group.

Bob is a Trustee for the Virginia Retirement System (VRS), a $40 billion Pension Plan Sponsor serving Virginia’s Public Employees and Teachers. He also serves as a member of VRS’s Audit & Compliance Committee. Bob is the former Chairman of the National INROADS Alumni Association and is a previous member of the INROADS, Inc. Board of Directors.

Bob holds lifetime memberships in Kappa Alpha Psi Fraternity, The Marathon Club, National Eagle Scout Association and the National INROADS Alumni Association.

Bob holds a Bachelor of Science Degree in Economics from Virginia Commonwealth University, in Richmond, Virginia.  He is a recipient of the University's Distinguished Service Award and served as a Virginia Governor's Fellow.

Luke Howe, Executive Director, Park Employees Annuity & Benefit Fund of Chicago

Mr. Howe is currently serving as the Executive Director for the Park Employees Annuity & Benefit Fund of Chicago. He has had the privilege to work with Trustees and his fellow staff on all aspects of Fund administration; including Benefit Issues, Legal Casework, Investments, Asset Allocation Studies, and Actuarial Projections for Legislation and Funding.

Mr. Howe was elected to the position of Trustee to the Board of the Park Employees Annuity & Benefit Fund in June 1998. He has been re-elected twice to this position with a current term ending in June 2010.

Mr. Howe has been in public service with the Chicago Park District for over 30 years. He holds a Bachelors Degree in Finance from DePaul University, Chicago.

Andy T. Iseri, CFA, Investment Consultant, Callan Associates

Andy T. Iseri, CFA, is an International Investment Consultant, Global Manager Research. Andy is responsible for research and analysis in the international and global asset class including developed and emerging equity and issues surrounding currency management. He oversees manager searches, conducts on-site visits, and attends finalist interviews.

Prior to joining Callan, Andy spent six years selecting and evaluating domestic and international equity managers for the California State Teachers' Retirement System. Prior to that, Andy managed and traded domestic fixed income assets and currencies for CalSTRS.

Andy earned a B.S. in Business Administration - International Business at California State University, Sacramento. He belongs to the CFA Institute, CFA Society of Sacramento, and earned the right to use the Chartered Financial Analyst designation.

William D. Lee, CFA, Chief Investment Officer, VP, Pensions & Foundation

Investments, Kaiser Permanente

William Lee is Chief Investment Officer and Vice President of Pensions and Foundation Investments at Kaiser Permanente. He has served as chair of Kaiser Permanente's Investment Committee since 2005. Lee oversees approximately $34 billion in defined contribution, pension and foundation assets. He managed interest rate and foreign exchange risk for Bank of America's global proprietary desks in the 1980's, then left for nine years to work as a police detective. In 1994 he returned to Bank of America, where he helped develop to equity risk models before becoming senior vice president and chief investment officer for Bank of America's retirement plans. Lee managed the Levi Strauss Foundation and Red Tab Foundation assets as well as the Levi Strauss domestic and international retirement plans. He is a chartered financial analyst (CFA).

Michael J. LeVar, CFA, Director of Hedge Funds, Hammond Associate

Mr. LeVar is Director of Hedge Funds and New Services Development for Hammond Associates, a St. Louis based Institutional Consulting firm with approximately $55BB under consultation.  Mr. LeVar’s primary responsible include due diligence, portfolio construction, and manager monitoring.  Michael has 15 years of investment experience, including substantial experience trading hedge fund strategies and evaluating hedge fund managers.  Prior to joining Hammond, Mr. LeVar was a lead portfolio manager for Alpha Plus LLC, a boutique hedge fund firm specializing in the development and management of hedge fund strategies.  In addition, Mr. LeVar was the Portfolio Manager for Mansur Capital Corporation from 2000 to 2002 and Chief Investment Officer for Horton Investment Services, Inc. from 1993 to 2000.  He has conducted capital markets research, created quantitative trading models, and implemented a variety of alternative investment strategies.  In addition, Mr. LeVar has led the due diligence and portfolio construction efforts for over US$1 billion of customized portfolios of hedge funds, including a fully customizable, transparent, hedge fund platform.  Mr. LeVar speaks at industry conferences on a variety of hedge fund topics and has taught the due diligence portion of the Certified Hedge Fund Specialist (CHFS) Accreditation Course.  He received a MS degree in Mathematics from Michigan State University and graduated cum laude from Quincy College with a BS degree in Mathematics.  Mr. LeVar has received the CFA designation and is a member of the CFA Institute.

Alan Maguire, Board of Investment, Arizona State Treasury

Alan Maguire is the President and Principal Economist of The Maguire Company, an independent, economic forecasting, organizational and management analysis and public policy consulting firm based in Phoenix, Arizona. The Maguire Company provides a broad spectrum of analysis and consulting services to corporations, and state and local government agencies throughout Arizona. The firm’s services include: Project Management; Economic Analysis, Quantitative Analysis of Fiscal Issues, including budgets, expenditures and revenues; Policy Issue Management; and Organizational Review and Restructuring. The firm’s current and recent public sector clients in Arizona include: Arizona State Senate, Arizona Department of Transportation, Arizona Department of Commerce, Arizona Office of Tourism, Cities of Phoenix, Glendale, Flagstaff, and Tucson, and a variety of private concerns.

Prior to forming The Maguire Company, Mr. Maguire was a senior investment banker with a regional securities firm. During his tenure, he was the leading financial advisor in the state of Arizona and served as either senior manager or senior financial advisor on over $1 billion in tax-exempt financing. His clients included: Arizona State University. University of Arizona, Arizona Department of Administration, Arizona Transportation Board, City of Prescott, City of Flagstaff and others

Michael Moy, Managing Director, Pension Consulting Alliance, (PCA)

Michael Moy is a Managing Director with Pension Consulting Alliance, Inc. (PCA) since March 2005 where he initially concentrated on a strategic review and implementation of the related tactical steps for CalPERS Alternative Investment Management Program. He has since performed a similar review for several east coast pension plans. In July 2007, PCA was awarded a contract to assist CalSTRS Investment Committee with the strategic aspects of its Alternative Investment Program. He also works with PCA clients on investment policy development, portfolio structuring, manager due diligence and specialized research.

Previously, Mr. Moy was a Managing Director at Pacific Corporate Group, Inc. where he was a member of the Board of Directors and co-leader of the group responsible for evaluating, recommending and monitoring private equity investments for public institutional clients (CalPERS, Oregon PERS, Employee’s Retirement System of Rhode Island, and the Fire & Police Pension Association of Colorado). 

Mr. Moy is a certified public accountant (inactive) who spent twenty-nine years with KPMG LLP where he was the regional leader of an acquisition advisory practice and the managing partner of several offices. He has also been the acting CFO for several troubled private equity fund portfolio companies.

Mr. Moy received his Bachelor of Business Administration from St. John’s University.

Kurt Silberstein, Senior Portfolio Manager, Absolute Return Strategies &

Externally Managed Equity, CalPERS

Kurt Silberstein is the senior portfolio manager for absolute return strategies and externally managed equities in the global equity unit of the California Public Employees’ Retirement System (CalPERS). He is responsible for managing CalPERS’ risk managed absolute return strategies program (RMARS) and the global external managed equities program (GEME) where he oversees and directs the external advisors and internal staff responsible for managing $20 billion in assets. Kurt’s experience spans more than 16 years in the institutional investment industry. He joined CalPERS in October 1999 from San Francisco-based Strategic Investment Solutions where he served as a vice president of the firm consulting to public and corporate plan sponsors as well as foundations, endowments and family offices. He served on the asset allocation committee and manager selection committee. Prior to Strategic Investment Solutions, he was an investment equity analyst at the Los Angeles County Employees’ Retirement Association. Kurt holds a BS in Finance from California State University and is a Chartered Financial Analyst and CAIA charterholder. He also serves on the investor steering committee for the Alternative Investment Management Association.

Scott Smith, CAIA, Director of Real Estate Investments, New Mexico State Investment Council

Scott Smith is director of real estate investments for the New Mexico State Investment Council and has been since the program’s inception in 2003. Mr. Smith also serves as the Council’s risk officer. He has held numerous public finance positions in state government, most recently as chief economist for the New Mexico Legislature. Mr. Smith holds both a bachelor and masters degree in economics from the University of New Mexico. Mr. Smith has also earned the right to use the  Chartered Alternative Investment Analyst designation.

Jeffrey States, Chief Investment Officer, Sacramento County Employees Retirement System

Jeffrey States is the Chief Investment Officer for the Sacramento County Employees' Retirement System (SCERS). He is active in the State Association of County Retirement Systems serving on the program committee and coordinating the investment officer breakout session for the semi-annual conferences. In addition from 2000-2002 he served as a lecturer on How to Manage Your Investment Program for the California Association of Public Retirement Systems, Principles of Pension Management course for public pension trustees at Stanford University. Prior to joining Sacramento in 1997 he was the Director of Investments for the State of New Mexico Public Employees' Retirement Association. In addition to working for the New Mexico PERA he held a variety of executive management positions with the State of New Mexico from 1977-1997 including Director of the New Mexico State Board of Finance; Director of Tax Research and Deputy State Director of Property Taxation for the Taxation and Revenue Department; Chief Economist for the Department of Finance and Administration; and Investment Principal for the State Investment Office.

Jeff received a BS Industrial Management degree with honors in economics from Purdue University. He attended the University of New Mexico Graduate School of Economics completing thirty-four hours of study in macroeconomics and public finance.

Satish Swamy, CFA, Senior Portfolio Manager, Regents of the University of California

Satish Swamy is a fixed income portfolio manager in the Treasurer's Office of the Regents of the University of California. The Treasurer's office manages over $68B in total assets (equity and fixed income) for the Regents and Satish is a senior member of a team of professionals that manage the fixed income assets for the pension, endowment and 403(b) portfolios. 

Currently, the fixed income team manages $25B and Satish has direct responsibility for all securitized assets.  Satish has a Bachelors Degree in Electrical Engineering from the University of Bangalore in India, Masters Degree in Computer Science/Engineering from the University of Houston and an MBA from the University of Southern California.  Satish is also a CFA charterholder.  He is the San Francisco Regional Director for GARP and a VP of the Board of CFASF. 

Kevin Tatlow, CAIA, Senior Consultant, NEPC, LLC

Mr. Tatlow joined New England Pension Consultants in 2004 and has over seventeen years experience in consulting and finance including over six years as an investment consultant.  Mr. Tatlow has worked with a broad array of client types including Taft-Hartley, Public, Corporate and Endowment investment programs.  At NEPC, Kevin is a member of the Alterative Assets Due Diligence Committee, and divides his time between client relationships and private markets research.

Prior to joining NEPC, Mr. Tatlow was an investment consultant at Alan D. Biller & Associates where he focused on building new client relationships, and servicing existing relationships.  Kevin worked directly in all areas of the firm including performing integrated asset liability studies for defined benefit clients, leading investment manager searches and conducting due diligence reviews of investment managers.

Prior to his work in investment consulting, Kevin had an extensive career in engineering, operations and finance with Rohm and Haas Company.  Kevin was involved in significant capital projects at facilities in California and Texas, and was the engineering manager at a highly successful start up facility.

Kevin has recently spoken at the Industry conferences on private markets due diligence and ethical issues in investment management and consulting.

Mr. Tatlow earned an M.B.A. from the University of California, Berkeley; a Masters in Engineering from the Stevens Institute of Technology, a Bachelor of Science in Mechanical Engineering from Washington University in Saint Louis, Missouri.  He also became a Chartered Alternative Investment Analyst designee in 2007.

Dory A. Wiley, CPA, CFA, CVA, Trustee, Chairman of the Investment Committee, Teacher Retirement System of Texas

Mr. Wiley is President and Chief Executive Officer of Commerce Street Capital, LLC and is involved in all aspects of the firm’s investment banking and fund management business. He also serves as Portfolio Manager for Service Equity Partners LP, Genesis Bank Fund LP and Commerce Street Income Partners LP, three private equity funds that invest in financial institutions, and is on the Board and Investment Committee of Commerce Street Lending Partners LP, a fund engaged in real estate finance. He additionally serves on the Board and Investment Committee of Independent Bankers Capital Fund. Mr. Wiley is a member of the Board of Trustees of the Teacher Retirement System of Texas, an approximately $75 billion pension fund, for which he also serves as Chairman of the Alternative Assets Committee. Prior to starting Commerce Street Capital, Mr. Wiley was with SAMCO Capital Markets, Inc. for ten years.

Previously, Mr. Wiley was Vice President and Manager of the Financial Institutions Group at Rauscher Pierce Refsnes, now RBC Capital Markets. He has also worked for a financial institution in asset/liability management and investments.

Mr. Wiley often lectures on bank related topics at universities, seminars and conferences. He has testified as an expert witness on bank and securities valuation, has written articles for various banking periodicals and has been quoted extensively in the media. He is a member of the AICPA, Texas Society of CPAs, the Dallas Society of Financial Analysts, the National Association of Certified Valuation Analysts, and the CFA Institute. He also serves on several charitable boards.

Mr.Wiley received a BBA in Finance and Accounting from Texas Tech University, an MBA from Southern Methodist University and holds multiple securities licenses.

Kelly M. Williams, Managing Director, Co-Head, Credit Suisse Customized

Fund Investment Group

Kelly is a Managing Director and Co-Head of the Customized Fund Investment Group. Previously, Ms. Williams was an Executive Director with Prudential's private equity group.  At Prudential, Ms. Williams was responsible for the management of the fund investment group as well as investing in private equity funds on behalf of Prudential and its clients. Ms. Williams was primarily responsible for product and business development, as well as legal support for the Private Equity Group from 1996 to 1999 during which time she was responsible for the development of eight global private equity funds. Ms. Williams joined Prudential in 1993 as counsel for a Prudential unit that specialized in providing private debt and equity for global infrastructure projects.  Prior to joining Prudential, Ms. Williams was an associate with Milbank, Tweed, Hadley and McCloy, where she specialized in global project finance.

Ms. Williams graduated magna cum laude from Union College in 1986 with a Bachelor of Arts degree in Political Science and Mathematics and received her Juris Doctor degree from New York University School of Law in 1989. Kelly has served as a mentor to fellows of the Robert and Susan Toigo Foundation since 2006.  Kelly was elected to the YWCA Academy of Women Leaders in 2007.  She is also a member of the Metro Chapter of the Young Presidents Organization and serves on the Board of Trustees for Union College.

Gabrielle Zadra, Managing Director, Cliffwater, LLC

Gabrielle is a Managing Director of Cliffwater LLC and leads our private equity research team. Prior to joining Cliffwater in 2004, Gabrielle was an Associate with Pathway Capital Management, LLC where she led due diligence on private equity investments including venture capital, buyout, debt-related and special situation partnerships. Previous experience includes working in investment banking with the Banc of America Securities Technology Group.  She also worked for the Service Employees International Union / AFL-CIO.

She earned a BA in History and Women’s Studies from Oberlin College, and an MBA from The Anderson School at the University of California, Los Angeles.