The Evolving Market Landscape
Date: Thursday, October 10, 2013 - Saturday, October 12, 2013
Fairmont Hamilton Princess, 76 Pitts Bay Rd, HM08, Bermuda
Join GIC in Bermuda’s capital!
Presentations
- “Can the Cities Be Saved” Presentation
- Presentation by Robert Kurtter
- Presentation by John Mousseau
- Thinking about the Outlook for Inflation
- Economic Highlights: Growths and Profits
- Presentation by Harvey Rosenblum
- Incentives Matter
- Global Growth Outlook
- David Kotok's Snapshot
- Foreign Investors in Municipal Bonds: The New Kids on the Block?
Videos
- Welcome and First Panel
- Second Panel and Keynote
- Third Panel and Closing Remarks
- America's Cities: First Panel
- America's Cities: Second Panel
Photos
Event Detail
The Evolving Market Landscape
The Evolving Market Landscape
Plus a special feature on
America’s Cities
CFA Institute has approved this program, offered by the Global Interdependence Center and the CFA Society of Bermuda, for 7 CE credit hours. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE tracking tool.
October 10, 2013
Venue: Harbor View Ballroom
8:30 a.m. | Registration and Coffee
9 a.m. | Welcome to Bermuda
- CFA President Nathan Kowalski, Chief Financial Officer of Anchor Investment Management Ltd.
9:10 a.m. | Opening Remarks: “Why are we here?”
- David Kotok, CIO and Co-Founder of Cumberland Advisors and GIC Vice Chair of the Central Banking Series
9:20 – 10:30 a.m. | Session I – Global Economic Outlook
- Edward Keon, Jr., Managing Director and Portfolio Manager for Quantitative Management Associates
- Kathleen Stephansen, Chief Economist and Senior Managing Director at AIG
- Doug Duncan, Chief Economist of Fannie Mae
- Moderator Vincent Lowry, Founder and Chairman of VTL Associates LLC
10:30 – 10:45 a.m. | Coffee Break
10:45 a.m. – 12 p.m. | Session II – QE and Inflation
- Herb Taylor, Vice President and Corporate Secretary of the Federal Reserve Bank of Philadelphia and GIC Board Member
- Michael Bryan, Vice President and Senior Economist of the Federal Reserve Bank of Atlanta
- Moderator Susan Kalla, Contributor at Forbes
12 – 1:30 p.m. | Keynote and Lunch
- Paul McCulley, Chair of the Global Society of Fellows, Former Senior Partner of PIMCO and GIC Board Member
- Moderator George Tsetsekos, Dean Emeritus of Drexel’s LeBow College of Business and GIC Board Chair
1:30 – 2:45 p.m. | Session III – Banks: Too Big or Too Many
- Harvey Rosenblum, Executive Vice President and Senior Policy Advisor at the Federal Reserve Bank of Dallas
- Stephen Sexauer, Chief Investment Officer, Allianz Global Investors Solutions
- Don Rissmiller, Founding Partner and Chief Economist, Strategas Research Partners
- Moderator Tom Donlan, Editorial Page Editor of Barron’s
2:45 – 3 p.m. | Closing Remarks
- William Dunkelberg, Chief Economist, NFIB, Chairman, Liberty Bell Bank and GIC Board Member
October 11, 2013
Roundtable Discussion: “Focus on America’s Cities”
Venue: Harbor View Ballroom
9 a.m. | Coffee and Registration
9:30 a.m. | Welcome
- David Kotok, CIO and Co-Founder of Cumberland Advisors and GIC Vice Chair of the Central Banking Series
9:40 a.m. | Session I
- Dennis Archer, Former Mayor, City of Detroit (1994-2001), Chairman and CEO of Dennis W. Archer PLLC and Chairman Emeritus of Dickinson Wright PLLC: “Can the cities be saved?”
- Mary Francoeur, Managing Director at Assured Guaranty: “Insuring the Cities”
- Moderator Peter Gold, Esq., TheGoldGroup, LLC and GIC Board Member
10:40 a.m. | Coffee Break
11 a.m. | Session II
- Robert Kurtter, Managing Director of Public Finance, Moody’s Investors Service: “Cities and credit markets: A rating agency view”
- Catherine Mann, Barbara and Richard M. Rosenberg Professor of Global Finance, Brandeis University and GIC Board Member: “Municipal Bonds: Foreign investors, the new kid on the block?”
- Moderator John Mousseau, Executive Vice President and Director of Fixed Income, Cumberland Advisors
12 p.m. | Conclusion
- David Kotok, CIO and Co-Founder of Cumberland Advisors and GIC Vice Chair of the Central Banking Series
12:15 – 1:45 p.m. | Lunch
October 12, 2013
Golf Outing Hosted by CFA
For more details, please view the invitation here. All registrations should be directed to Siobhan Rose, [email protected], by October 7.
Hotel Accommodations
Please call the Fairmont Princess Hotel directly at 1-441-298-5725 to reserve your room.
Event Location
Speakers
Michael Bryan
Vice President and Senior Economist, Federal Reserve Bank of AtlantaMike Bryan is a vice president and senior economist in the Research Department of the Federal Reserve Bank of Atlanta. He is responsible for organizing the Atlanta Fed's monetary policy process.
Harvey Rosenblum, Ph.D.
Executive Vice President and Senior Policy Advisor, Federal Reserve Bank of DallasHarvey Rosenblum is executive vice president and senior policy advisor at the Federal Reserve Bank of Dallas. In this capacity, he serves as economic policy advisor to the Bank's president and as an associate economist for the Federal Open Market Committee, which formulates the nation's monetary policy.
Herbert Taylor, Ph.D.
Secretary to the Federal Advisory CouncilHerb Taylor is secretary to the Federal Advisory Council, a group of leading bankers from each of the twelve Federal Reserve Districts that meets regularly with the Board of Governors of the Federal Reserve System to consult and advise on matters under the Board's jurisdiction.
Dennis Wayne Archer, Esq.
Chairman and CEO of Dennis W. Archer PLLCDennis W. Archer is chairman and CEO of Dennis W. Archer PLLC and chairman emeritus of Dickinson Wright PLLC, a Detroit-based law firm with more than 350 attorneys, with six offices in Michigan; Las Vegas; Nashville; Phoenix; Toronto; Columbus, Ohio; and Washington, D.C. He sits on the corporate boards of Johnson Controls Inc. and Masco Corporation.
Thomas G. Donlan
Editorial Page Editor, Barron'sThomas G. Donlan, Editorial Page Editor of Barron’s National Business and Financial Weekly, has been writing on business, finance and government for Barron’s since 1979.
Douglas G. Duncan, Ph.D.
Senior Vice President and Chief Economist of Fannie MaeDouglas G. Duncan is Fannie Mae’s senior vice president and chief economist. He is responsible for providing all forecasts and analyses on the economy, housing and mortgage markets for Fannie Mae.
Bill Dunkelberg, Ph.D.
Chief Economist, National Federation of Independent Business (NFIB)William Dunkelberg is professor emeritus of economics in the College of Liberal Arts, Temple University, where he served as dean of the School of Business and Management from 1987 through 1994 and as director of the Center for the Advancement and Study of Entrepreneurship. He served as the Global Interdependence Center’s Chairman for 20 years.
Peter A. Gold, Esq.
Principal, TheGoldGroup LLCPeter A. Gold, Esquire is the founder and president of TheGoldGroup, LLC ( www.thegoldgrp.com). The consultancy brings businesses, colleges and universities, governments and not-for-profits together to create value, seize new opportunities, leverage assets, and reduce exposure to the risks created by today’s global economy principally through identifying “high value” initiatives and stakeholders in new institutes, centers of excellence and other initiatives. TheGoldGroup, LLC assists its clients to obtain their individual objectives better, quicker and in a more cost effective and efficient manner.
Susan Kalla
Contributing Editor at ForbesSusan Kalla is a contributing editor for Forbes and a partner in KHX Investments with holdings in public and private equity and venture capital.
Ed Keon
Former Managing Director, Portfolio Manager and Chief Investment Strategist, Quantitative Management AssociatesEd Keon retired in 2023 after a 25-year career in the securities brokerage and asset management businesses of Prudential Financial. During the past 15 years he was managing director, portfolio manager and chief investment strategist of QMA, Pru’s quantitative investment firm.
David Kotok
Chief Investment Officer of Cumberland AdvisorsDavid Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. David’s articles and financial market commentaries have appeared in the New York Times, the Wall Street Journal, Barron’s, and other publications. He is a frequent contributor to Bloomberg TV and Bloomberg Radio, Yahoo Finance TV, and other media.
Nathan Kowalski
CFO and Senior Portfolio Manager, Anchor Investment Management Ltd.Nathan Kowalski is the chief financial officer and senior portfolio manager at Anchor Investment Management Ltd. He sits on the firm’s investment committee and finance committee and has been with the company since 2003.
Robert Kurtter
Managing Director for U.S. State and Regional Ratings, Moody's Investors ServiceRobert Kurtter has been with Moody’s since 1991 and is the managing director for U.S. State and Regional Ratings. He formerly was the team leader for the State & High Profile Ratings team as well as the lead analyst for New York City.
Vincent T. Lowry
Founder and Chairman of VTL Associates LLCVincent T. Lowry is the founder and chairman of VTL Associates LLC. He is the chief portfolio manager for the Revenue-Weighted Indexes.
Catherine L. Mann, Ph.D.
Member of the Monetary Policy Committee, Bank of EnglandDr Catherine L Mann joined the Monetary Policy Committee of the Bank of England on 1 September 2021. She is a member of the Council on Foreign Relations and the American Economic Association, among others. Previously she was Chair of the Economic Advisory Committee of the American Bankers Association.
Paul McCulley
Senior Fellow, Financial Macroeconomics, Cornell Law School's Jack G. Clarke Program on the Law and Regulation of Financial Institutions and MarketsPaul McCulley is Senior Fellow in Financial Macroeconomics for Cornell Law School’s Jack G. Clarke Program on the Law and Regulation of Financial Institutions and Markets. Prior, he was the Chief Economist and Managing Director at PIMCO where he served as a member of the Investment Committee in Newport Beach, and authoring the publication, Macro Perspectives.
John Mousseau
President, Chief Executive Officer & Director of Fixed Income, Cumberland AdvisorsJohn Mousseau is currently the President, Chief Executive Officer, and Director of Fixed Income at Cumberland Advisors. In this capacity, John also serves as a portfolio manager and has overall responsibility for portfolio construction, management, analysis, trading, and research for all tax-free and taxable bond accounts. His comments and analyses have appeared in The Bond Buyer, Barron’s, the Wall Street Journal, Bloomberg, Forbes, the Philadelphia Inquirer, and the New York Times.
Donald Rissmiller
Founding Partner and Chief Economist of StrategasMr. Rissmiller is a founding Partner of Strategas and has directed the Firm's macroeconomic research efforts since 2006. He oversees Strategas' thematic research as well as high-frequency econometric forecasting.
Stephen Sexauer
Chief Investment Officer, The San Diego County Employees Retirement AssociationStephen Sexauer is SDCERA’s Chief Investment Officer and oversees SDCERA’s $14 billion Trust Fund, investment team, and investment consultants. In addition to the day-to-day operation of SDCERA’s Investment Division, he also assists SDCERA’s Board with determining the Fund’s investment policies, strategy and asset allocation.
Kathleen Stephansen
GIC Chair Emerita, Senior Economist for Haver Analytics and Trustee of EQAT Trust FundsKathleen Stephansen is GIC Chair Emerita, Senior Economist for Haver Analytics and Trustee of EQAT Trust Funds. She is the former Chief Economist of Huawei Technologies, Chief Economist of the American International Group (AIG) and AIG Asset Management’s Senior Strategist and Global Head of Sovereign Research. Prior to joining AIG in 2010, Kathleen was Chief Economist at Aladdin Capital Holdings, Credit Suisse’s Head of Global Economic Research, and Donaldson, Lufkin and Jenrette Securities Corporation’s co-head of Fixed Income economic research and Chief International Economist.
George Tsetsekos, Ph.D.
Francis Professor of Finance and Dean Emeritus Drexel’s LeBow College of BusinessDr. George Tsetsekos, serves as the Francis professor of Finance and Director of the Risk Management Center at the LeBow College of Business. He served as Dean of LeBow (2002-2012) and under his transformative leadership the college achieved national rankings and quality milestones in research and teaching.
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