1. The Investment Committee will meet on Tuesday, March 15, 2016 at 12:30 p.m. in the offices of the Board.
2. The Enterprise Risk Committee will meet on Tuesday, March 15, 2016, immediately following the Investment Committee in the offices of the Board.
Board Meeting Agenda
March 16, 2016
9:30 A.M.
OPERS Office
I. Roll Call
II. Consent agenda:
A. Minutes – February 17, 2016
B. Disability report
C. Review meeting agenda
III. Committee Reports:
A. Investment Committee
B. Enterprise Risk Committee
IV. Discussion Items:
A. Legal report – Julie Becker
B. Executive Director report – Karen Carraher
C. Investment education – Hedge Funds
(see agenda below)
Hedge Funds Education
March 16, 2016
Agenda
10:00 - 11:00 am Aon Hewitt – Peter Hill and Kevin Hrad
Hedge Fund primer
• What are hedge funds
• How do they operate
• What is their role in a portfolio
• What can we expect from hedge funds in an up or down market
• Hedge funds relative to equities
11:00 am - 12:00 pm American Federation of Teachers – Elizabeth Parisian
Why Hedge Funds are Unsuitable
12:00 - 12:30 pm Lunch Break
12:30 - 1:30 pm AQR – Cliff Asness
Why Hedge Funds are Good for the portfolio
1:30 - 2:30 pm NEPC – Craig Svendsen and Tim McCusker
Rationale for Hedge Funds in OPERS portfolio
Aon Hewitt – Peter Hill and Kevin Hrad
Hedge Funds performance within OPERS portfolio
2:30 pm Final questions and adjourn