FRBB: Regional Roundtable: Public Pension Funds and Targeted Investing

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Regional Roundtable: Public Pension Funds and Targeted Investing

December 6, 2006
8:00am - 2:00pm
Federal Reserve Bank of Boston

Agenda and Summary Notes

Entire document (agenda, executive summary, and summary notes)

Summary notes were completed by Lisa Hagerman, researcher for the Pension Funds & Urban Revitalization Initiative of the Labor & Worklife Program at the Harvard Law School.

8:00 – 8:45pm	Continental Breakfast

8:45 – 9:00	Conveners’ Welcome Introductions: Richard Walker III, Vice President and Community Affairs Officer, Federal Reserve Bank of Boston Cathy E. Minehan, President, Federal Reserve Bank of Boston Timothy P. Cahill, Massachusetts State Treasurer Larry Beeferman, Project Director, Pensions & Capital Stewardship Project

9:00 – 9:35	Best Practices in Pension Fund Targeted Investing Research presentations Chair: Anna Steiger, Senior Research Associate, Federal Reserve Bank of Boston Tessa Hebb, Senior Research Associate and Lisa Hagerman, Research Fellow, Public Sector Pension Funds and Urban Revitalization Initiative Michael Travaglini, Executive Director, MassPRIM

9:35 – 9:55	Impact of Pension Fund Targeted Investment Review of recent impact reports on CalPERS’ targeted investment programs Beth Sirull, Senior Fellow, Pacific Community Ventures Matt HoganBruen, Managing Director, Banc of America Capital Access Funds
9:55 – 10:30	Question & Answer Session
10:30 – 10:45	Break
10:45 – 11:30	Regional Investment Possibilities in Targeted Investing Investment vehicles that specialize in allocating pension fund assets in targeted investments report on their experience Chair: Lisa Hagerman Kirk Sykes, President & Managing Director, Urban Strategy America Fund Ronald Homer, CEO, Access Capital, LLC Paul Barrett, Northeast Regional Marketing Director, AFL-CIO Housing Investment Trust
11:30 – 12:30pm	Question & Answer Session
12:30 – 1:30	Lunch and networking
1:30 – 2:00	Roundtable Discussion and Next Steps What is required to promote targeted investing with market-rate returns in the region? How do we do this in both large and smaller cities? What are the advantages for a regional fund in New England? Chair: Tessa Hebb Discussion and report back from each table.

Entire document (agenda, executive summary, and summary notes)

Roundtable Links

List of Participants

Harvard Law School/ University of Oxford Pension Funds and Urban Revitalization Web Site

Related Links

Other Boston Fed Conferences

Federal Reserve Bank of Boston | (617) 973-3000
600 Atlantic Avenue | Boston, MA 02210
Mailing Address: P.O. Box 55882 | Boston, MA 02205