Dana PointDana Point HarborMission San Juan Capistrano
Photo credit: Cliff Wassmann

2009 Annual Conference
State Treasurers Looking Ahead
Dana Point, California

August 30 - September 2, 2009


 
Welcome
Agenda
Register
Accommodations
Travel
Contributors

 Guest Program

 

Speaker Spotlight


Richard C. Breeden is the founder and Chairman of Breeden Capital Management, which was founded in 2005 to manage a group of affiliated investment funds called Breeden Partners. The Breeden Partners funds today have approximately $1.5 billion in assets invested in equities in both the U.S. and Europe. Mr. Breeden served as Chairman of the U.S. Securities and Exchange Commission from 1989-1993. During that time he handled the failure of Drexel Burnham Lambert and the restructuring of Salomon Brothers without cost to taxpayers. He also strengthened significantly the SEC’s enforcement program, bringing more than 1,200 cases, seeking tougher penalties and winning new legislation allowing stronger sanctions for violations of the securities laws. During his tenure, the SEC overhauled the federal proxy rules (the last time these rules have been modernized) to expand shareholder rights significantly.


Arianna Huffington is the co-founder and editor-in-chief of The Huffington Post, a nationally syndicated columnist, and author of twelve books. She is also co-host of "Left, Right & Center," public radio's popular political roundtable program, and is a frequent guest on television shows such as Charlie Rose, Real Time with Bill Maher, Larry King Live, Countdown with Keith Olbermann and The Rachel Maddow Show. In May 2005, she launched The Huffington Post, a news and blog site that has quickly become one of the most widely-read, linked to, and frequently-cited media brands on the Internet. In 2006, she was named to the Time 100, Time Magazine's list of the world's 100 most influential people. In 2008, she was named Media Person of the Year by I Want Media, and wrote the introduction to The Huffington Post Complete Guide to Blogging.


Daniel M. Kammen is the Class of 1935 Distinguished Professor of Energy at the University of California, Berkeley, where he holds appointments in the Energy and Resources Group, the Goldman School of Public Policy, and the department of Nuclear Engineering. He works on energy and environmental science, policy and analysis, and has extensive field experience in Latin American, southeast Asia and China, and in Africa, which has been a focal point of his work for two decades.

Kammen is the founding director of the Renewable and Appropriate Energy Laboratory, the Co-Director of the Berkeley Institute of the Environment, and the Director of the Transportation Sustainability Research Center.


Kenneth G Lay is the Vice President and Treasurer of the World Bank.  In this capacity he leads the teams of finance professionals that manage more than $70 billion in reserves and other funds for the World Bank and other official-sector investors, carry out the World Bank’s financing program in international and domestic bond and derivatives markets,  conduct asset and liability management for the World Bank’s balance sheet,  oversee development and outreach related to the financing and hedging products the Bank provides for its developing-country clients and collaborate with World Bank member countries to help build their capacity in public debt and national wealth management.


Mindy S. Lubber is the President of Ceres, the leading U.S. coalition of investors and environmental leaders working to improve corporate environmental, social and governance practices.  She also directs the Investor Network on Climate Risk, an alliance of more than 70 institutional investors representing approximately $7 trillion in assets. that coordinates U.S. investor responses to the financial risks and opportunities posed by climate change. In her position at Ceres, Ms. Lubber has lectured on corporate sustainability issues at the New York Stock Exchange, the World Economic Forum, more than 100 Fortune 500 companies and the American Bar Association. She has led negotiating teams of investors, NGOs and CEOs of Fortune 100 companies who have taken far-reaching positions on corporate practices relating to mitigating their impact on global warming.


Howard Marks is the chairman of Oaktree Capital Management. Since the firm's formation in 1995, he has been responsible for ensuring the firm’s adherence to its core investment philosophy, communicating closely with clients concerning products and strategies, and managing the firm. From 1985 until 1995, Mr. Marks led the groups at The TCW Group, Inc. that were responsible for investments in distressed debt, high yield bonds, and convertible securities. He was also Chief Investment Officer for Domestic Fixed Income at TCW and President of TCW Asset Management Company, the largest of the TCW companies. Previously, Mr. Marks was with Citicorp Investment Management for 16 years, where from 1978 to 1985 he was Vice President and senior portfolio manager in charge of convertible and high yield securities. Between 1969 and 1978, he was an equity research analyst and, subsequently, Citicorp’s Director of Research. Mr. Marks holds a B.S.Ec. degree cum laude from the Wharton School of the University of Pennsylvania with a major in Finance and an M.B.A. in Accounting and Marketing from the Graduate School of Business of the University of Chicago.


Mike Milken was called “The Man Who Changed Medicine” by Fortune magazine for his three decades medical-research initiatives. In 1982, he formalized his previous philanthropy in the Milken Family Foundation.  Recently, he helped launch the Melanoma Research Alliance and he heads FasterCures, which accelerates progress against all life-threatening diseases. He also chairs the Milken Institute, an economic think tank whose 13th annual Global Conference will bring 3,000 thought leaders from 60 nations to Los Angeles April 26-28. As a financier, he is often said to have revolutionized modern capital markets, making them more democratic by innovating a wide range of financing techniques previously unavailable to most companies. Starting in 1969, he financed thousands of companies that created millions of jobs. He is a graduate of UC Berkeley and the Wharton School. Mike and his wife Lori and recently celebrated their 41st anniversary with their fourth grandchild. Details are at www.mikemilken.com.


Scott Minerd is Chief Investment Officer of Guggenheim Partners, a diversified financial services firm with more than $100 billion in assets under supervision. Previously he was a managing director for Morgan Stanley and later Credit Suisse, where he oversaw fixed-income credit trading in the United States, Europe and Asia. Early in his career, Minerd made significant contributions to the development and use of derivative securities in the global capital markets. During the 1993 European exchange rate crisis, he orchestrated the restructuring of Italy's Eurobond debt. By employing the largest debt exchange offer ever executed by a G7 country, Italy was able to reestablish itself as a credible capital markets borrower. Minerd began his career as a CPA and worked for the public accounting firm of Price Waterhouse. He received a bachelor's degree in economics from the Wharton School at the University of Pennsylvania and completed graduate work at both the University of Chicago Graduate School of Business and the Wharton School.


Maria Fiorini Ramirez is President & Chief Executive Officer of Maria Fiorini Ramirez, Inc., (MFR) an independent global economic and financial consulting firm formed in August 1992. Mrs. Ramirez and her colleagues are widely respected for their unbiased analysis of economic trends and other issues that affect markets and investment decisions. With global reach and an international clientele, MFR has access to a unique blend of economic expertise and market intelligence. Mrs. Ramirez’s advice is held in high regard by a variety of institutions around the globe. In February 2008, The Wall Street Journal cited MFR’s 2007 U.S. economic forecast as being the third most accurate of 60 participants in its survey.


Alan Salzman co-founded VantagePoint Venture Partners in 1996, and serves as CEO and Managing Partner. He is experienced in every element of venture fund management, including managing the industry’s largest CleanTech team and nearly $4.5 billion of committed capital, including over $1 billion committed to CleanTech. Mr. Salzman has hands-on experience working with and funding more than 300 innovative, entrepreneurial companies during his career. He is a graduate (B.A., J.D., LLM) of the London School of Economics, the University of Toronto, Stanford Law School and the University of Brussels, Belgium. He also held a faculty appointment for more than a decade as an Adjunct Professor for Venture Capital and Entrepreneurial Companies at Stanford Law School. He is a member of the International Leadership Council of The Climate Group and was recently appointed to the World Economic Forum Technology Pioneer Selection Committee.


Peter Schwartz is a cofounder and chairman of Global Business Network, a Monitor Group Company. He is an internationally renowned futurist, business strategist and one of the world’s leading practitioners of scenario planning, working with corporations, governments and institutions to create alternative perspectives of the future and develop robust strategies for a changing and uncertain world.

Peter is the author of several books, among them, his most recent, Inevitable Surprises, is a provocative look at the dynamic forces at play in the world today and their implications for business and society. His first book, The Art of the Long View, is considered a seminal publication on scenario planning and has been translated into multiple languages. He publishes and lectures widely and served as a script consultant on the films "Minority Report,"  "Deep Impact," "Sneakers," and "War Games."


Terri A. Sexton is a Professor of Economics at California State University, Sacramento. She holds a B.S. in economics, a Bachelor of Mathematics, and a Ph.D in economics from the University of Minnesota. Sexton’s research has focused on the economic and fiscal impacts of various state and local taxes including a comprehensive study of Proposition 13, with Steven M. Sheffrin and Arthur O'Sullivan, that culminated in Property Taxes and Tax Revolts: The Legacy of Proposition 13, an examination of the impacts of electric utility deregulation on property taxes in California and other western states, analysis of various sales tax and property tax reforms including the feasibility of implementing a single rate sales tax in California, and evaluation of California’s telecommunications tax policy.  Her research has appeared in such publications as National Tax Journal, Land Economics, Rand Journal of Economics, and Journal of Urban Economics.


Anne Sheehan began serving as the Director of Corporate Governance for the California State Teachers’ Retirement System in October 2008.  In this newly created position, she will be responsible for the development and implementation of major corporate governance initiatives approved by the Board of Directors of the second largest pension fund in the United States. Ms. Sheehan has had nearly three decades of management and leadership experience in major policy positions at both the state and federal levels. In August 2004, Governor Arnold Schwarzenegger named her the Chief Deputy Director for Policy of the California Department of Finance. In this capacity, she represented the Governor on more than 80 state boards, commissions, and public authorities.


John Williams is Executive Vice President and Director of Research in the Economic Research Department of the Federal Reserve Bank of San Francisco. John joined the San Francisco Fed in 2002. Previously, he was a Senior Economist at the Board of Governors of the Federal Reserve System and served as Senior Economist at the President’s Council for Economic Advisers, where he was responsible for issues related to the macroeconomy, tax policy, and financial markets. He received an AB degree from the University of California at Berkeley, an MSc in Economics from the London School of Economics, and a PhD in Economics from Stanford University. John has also been a Lecturer at the Stanford Graduate School of Business and was on the Board of Editors of the American Economic Review and was an Associate Editor of the Journal of Economic Dynamics and Control.