A visionary investor explores how big changes in the flow of information and innovation are changing the traditional landscape for fund management, creating a new age of challenges and opportunities for asset owners and managers.
With trade tensions, record debt, the rise of nationalism, and other developments, how can your fund understand and manage its exposure to systemic risk? A panel of State Treasurers and public fund Chief Investment Officers share insights on the state of the capital markets and perspectives on investment strategy, risk mitigation, and asset allocation.
Politics and propaganda have invaded every corner of our lives. What is the specific impact on the fund fiduciary, and what threats are emerging from these trends?
Public funds have taken the lead in using securities litigation to recover damages and hold company management accountable in the worst cases of corporate fraud. Learn about the new developments and how your fund can best protect itself when suffering losses.
Speakers: Darren Robbins and TBD
Tyler Shultz, renowned Theranos whistleblower and entrepreneur, addresses the importance of corporate governance, modern-day business ethics, Silicon Valley culture, and the lessons the corporate world can learn from Theranos' historic fraud.
Speakers: Tyler Shultz
Asset owners today are on the front lines of efforts to make the global economy more responsive to human betterment and the well-being of our planet. Some of the world’s foremost thinkers and practitioners in responsible investment discuss how the role of public funds is changing to take on these challenges.
Pension fund leaders share innovative insights and information on such topics as boardroom politics, stakeholder accountability, and actuarial valuations.
Speakers: Pam Feely, John Kelly and TBD
Pamela M. Feely, CPA, MBA, AF
Fire & Police Pension Association of Colorado
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Since 1969, John Kelly has dedicated his efforts to serving the financial needs of corporations, associations and affluent individuals.
Mr. Kelly is a portfolio consultant for pension and managed assets, working closely with businesses to optimize returns and after tax positions. From 1984 to 1996, Mr. Kelly was the Managing Director of the Sacramento Financial Center for the Acacia Group, a fully diversified financial services organization with 20 offices nationwide. Mr. Kelly is a Certified Financial Planner, Certified Estate Advisor and Registered Investment Advisor with over 40 years of fiscal policy experience. This includes 12 years with the State of California after serving as Controller for the Department of Food and Agriculture. His educational background includes a BA in Government and Economics and a Masters of Public Administration in Health Services from California State University, Sacramento, as well as course work toward a Juris Doctor at the McGeorge School of Law. He is also a graduate of the Pension Management Program at Stanford University, Schwab Center and the Anderson School of Management for Pension Trustees at UCLA and Cal Berkeley.
Mr. Kelly holds professional endorsements for investment and retirement planning for 44 private associations and three campuses of California State University. In 1998, he was appointed by the Sacramento County Board of Supervisors as Trustee, and currently serves as First Vice President, for the Sacramento County Employees’ Retirement System, managing $9.5 billion in assets. In 2011, he was elected as Secretary to the Executive Committee for the State Association of County Retirement Systems and is currently serving. He is responsible for advisement to a variety of associations, corporations and educational institutions including 15 associations and concerns as well as advisors in Northern California with over $300 million in assets. Additionally, Mr. Kelly conducts educational workshops under the DBA "The Investor's Caddie."
In an effort to share his professional expertise, Mr. Kelly has served as president of the International Association of Financial Planning, president of The Institute of Financial Planners, president of the General Agents and Managers Association and the National Speakers Association (founder of the Sacramento chapter and president from 1984 to 1986).
He has served as chairperson of the California State University Sacramento fund drive (1997 to 2000), president of the Los Rios Community College Foundation (1990 to 1991), finance chair of the Sacramento Area Commerce and Trade Organization (SACTO) from 1998 to 1999, Sacramento trustee (2001 to present) and National trustee for The Leukemia & Lymphoma Society (2000 to 2007), president of the Northern California Athletic Hall of Fame (1984), director of CSUS Hornet Athletics (1983 and 1990), director of the US and Northern California Olympic committee, member of Big Brothers of America and founder of the Institute for Success.
Mr. Kelly is also a prolific author and is widely known as a dynamic speaker and seminar presenter. As a financial coach, Mr. Kelly wrote a book called, The Investor's Caddie, an adult learning tool used to effectively communicate to participants in over thirty 401(k) and pension plans that he manages. This publication was created as a result of research from his radio show Money Matters from 1992 to 1996. It serves as a guide for investors and retirees.
As a commissioned officer, Mr. Kelly served as a Medical Services Corp, USAF Commander in the greater Sacramento region from 1969 to 1977.
Mr. Kelly is the proud father of two daughters, Kerrie and Amy, and a grandson Laird who reside in the Sacramento area.
An avid golfer, Mr. Kelly served from 1990 to 2012 as board member and as Chairman and Trustee, 2008 to 2012, for the First Tee of Greater Sacramento, donating annual scholarships to help the organization provide life principles and guidance through golf to disadvantaged children in the Sacramento area.
Pamela M. Feely, CPA, MBA, AF is the owner of Feely Consulting, LLC. Feely Consulting works with non-profits and fire departments on financial and accounting issues. Feely Consulting also works with candidate and issue committees on Financial Reporting and Compliance in Colorado. Previously, Ms. Feely owned Feely & Associates, PC, an accounting firm specializing in tax and accounting services for small and medium sized businesses for over 20 years.
Ms. Feely also serves as a trustee on the Colorado Police and Fire pension trust and is accredited in fiduciary (AF) services. She currently serves on the West Metro Fire Protection District Board of Directors in Lakewood, Colorado. Ms. Feely was first appointed to the West Metro Fire Protection District Board in June 2009 and subsequently elected in 2012 and 2016. Ms. Feely has served as President of the Board since June 2011.
Ms. Feely's the author of two books, A Penchant for Pensions, and A Guide to Actuarial Valuations for Public Pension Funds, which was co-written with Leslie Thompson of GRS Consulting. Ms. Feely and Ms. Thompson wrote A Penchant for Pensions, so trustees have a resource of basic actuarial valuation processes and related criteria.
Ms. Feely's first book, A Candidate's Guide to Campaign Finance in Colorado, was published in May 2016 by Campaign Finance Guides, LLC. She was inspired to write the guide after serving as Colorado State Senator Andy Kerr’s treasurer following his 2006 appointment to the Colorado House of Representatives.
Tyler Shultz is an entrepreneur fostering innovation in healthcare. He graduated from Stanford with a Biology degree and entered the national scene when he courageously blew the whistle at Theranos. Mr. Shultz complained to the public health regulators in New York and was a source for a series of Wall Street Journal articles exposing Theranos' dubious blood-testing practices. Owing to his role in exposing the fraud, Shultz was featured in Bad Blood, the book about the scandal penned by John Carreyrou, the original author of the Wall Street Journal articles, as well as in Alex Gibney's HBO documentary The Inventor.
Currently, Mr. Shultz is the CEO and Co-Founder of Flux Biosciences, Inc., a bay-area start-up. Flux Biosciences aims to bring medical grade diagnostics into the homes of consumers by using cutting-edge technology to measure biomarkers related to stress, exercise, and fertility. His efforts were recognized by Forbes when he was named to their "30 under 30" Health Care 2017 list.
Darren Robbins is a founding partner of Robbins Geller Rudman & Dowd LLP. Over the last two decades, he has served as lead counsel in more than 100 securities class actions and has recovered billions of dollars for injured shareholders.
Robbins has obtained significant recoveries in a number of actions arising out of wrongdoing related to the issuance of residential mortgage-backed securities, including the case against Goldman Sachs ($272 million recovery). Robbins also served as co-lead counsel in connection with a $627 million recovery for investors in In re Wachovia Preferred Securities & Bond/Notes Litig., one of the largest credit-crisis settlements involving Securities Act claims. Robbins also recently served as lead counsel in Schuh v. HCA Holdings, Inc., which resulted in a $215 million recovery for shareholders.
One of the hallmarks of Robbins’ practice has been his focus on corporate governance reform. In UnitedHealth, a securities fraud class action arising out of an options backdating scandal, Robbins represented lead plaintiff CalPERS and was able to obtain the cancellation of more than 3.6 million stock options held by the company’s former CEO and secure a record $925 million cash recovery for shareholders. Robbins also negotiated sweeping corporate governance reforms, including the election of a shareholder-nominated director to the company’s board of directors, a mandatory holding period for shares acquired via option exercise, and compensation reforms that tied executive pay to performance. Recently, Robbins led a shareholder derivative action brought by several pension funds on behalf of Community Health Systems, Inc. The case yielded a $60 million payment to Community Health, as well as corporate governance reforms that included two shareholder-nominated directors, the creation and appointment of a Healthcare Law Compliance Coordinator, the implementation of an executive compensation clawback in the event of a restatement, the establishment of an insider trading controls committee, and the adoption of a political expenditure disclosure policy.
Robbins was named California Lawyer Attorney of the Year and has been recognized as one of the nation’s top securities litigators by numerous organizations and publications. He has been named one of the “Top 100 Lawyers Shaping the Future” by the Daily Journal and one of the “Young Litigators 45 and Under” by The American Lawyer. The American Lawyer commended him for helping “set the pace for [his] peers,” and Chambers USA called him “a prominent figure in the field of securities litigation” and “one of the leaders of the plaintiff Bar.” Additionally, Robbins has been named a Benchmark California Star and State Litigation Star by Benchmark Litigation.
Robbins is a frequent speaker at conferences and seminars around the world on securities litigation and corporate governance reform. He advises institutional investors in the United States, the United Kingdom, Canada, the Middle East, Asia and the European Union.
Robbins was awarded Bachelor of Science and Master of Arts degrees in Economics from the University of Southern California, and received his Juris Doctor degree from Vanderbilt Law School.