1. Register today for the Smart Beta Summit | New York: September 15
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REGISTER for the 2nd annual Smart Beta Summit to hear how organizations have structured themselves to
most effectively manage their smart beta strategies and how these strategies fit into their overall investment
plan. Our agenda includes the following panel discussions featuring practical tips from your peers:
Panel: Governance Considerations for Smart Beta Investing
Investors seeking to implement smart beta strategies have many questions about how to operationalize these
investments so that they are properly managed and achieve their objectives. This panel will discuss the
considerations for incorporating smart beta strategies into investment operations, such as management,
benchmarking, monitoring, evaluation and more.
Larisa Mueller, CPA
Senior Investment Manager
MMBB
Alison Romano
Senior Investment Officer,
Global Equity
Florida State Board of Adminstration
Panel: Portfolio Construction Using Smart Beta
Incorporating smart beta strategies into the investment portfolio requires some considerations to ensure that
the strategies are working in tandem, and not at odds with, the rest of the portfolio. Investors need to take a
holistic view of the portfolio and determine the objectives of the smart beta strategies. What is the best use of
the smart beta strategies? These experienced portfolio managers will share how smart beta strategies fit into
their portfolios, and how to ensure that they serve their purpose without conflicting with other strategies.

2. Smart Beta Strategies Summit 2016 Agenda
7:30am – 8:30am Registration and Networking Breakfast
8:30am – 8:40am Chairman’s Opening Remarks
Fabio Cecutto, CFA
Head of Multi-Region Equity Manager Research
Willis Towers Watson
8:40am – 9:20am Revisiting the Premise of Smart Beta (Workshop)
Smart beta has continued to defy its detractors, pulling in assets year after year. But
confusion and skepticism remain. The very real benefits of smart beta are often buried
beneath the marketing noise. What does smart beta actually offer and why do investors
continue to move assets into it? This talk revisits the original premise behind smart beta
– its potential to deliver actively managed returns with significantly lower fees and to
allow investors to directly address their portfolio objectives without the style drift
present in active management.
Jennifer Bender, Ph.D.
Director of Research, Global Equity Beta Solutions
State Street Global Advisors (SSGA)
Ritirupa Samanta, Ph.D.
Head of Quantitative Research & Senior Portfolio Manager
State Street Global Advisors (SSGA)
9:20am – 10:10am Governance Considerations for Smart Beta Investing (Panel Discussion)
Investors seeking to implement smart beta strategies have many questions about how
to operationalize these investments so that they are properly managed and achieve
their objectives. This panel will discuss the considerations for incorporating smart beta
strategies into investment operations including:
• Will the smart beta strategies be managed internally or by external managers?
• Will the use of smart beta strategies be tactical or strategic?
• How long do you hold a smart beta strategy?
• How to evaluate and monitor smart beta strategies?
• How do you benchmark smart beta strategies?
Larisa Mueller, CPA, MBA
Senior Investment Manager
MMBB
Alison Romano
Senior Investment Manager, Global Equity
Florida State Board of Administration
Eric Shirbini
Global Product Specialist
ERI Scientific Beta

3. 10:10am – 10:30am Networking Break
10:30am – 11:10am From Smart Beta Products to Smart Beta Solutions (Workshop)
Smart beta product offerings have proliferated over the past decade, offering investors
an ample choice of factors and weighting schemes to select from for a relevant smart
beta index. However, in addition to the question of selecting a suitable index as a
standalone investment, the question of combining different smart beta strategies
naturally arises in the context of an extensive range of offerings. The workshop will
address the relevant questions concerning the combining of several smart beta
strategies. Topics covered include:
• How to include investors’ goals in the construction of smart beta solutions
• Smart beta as a solution for the replacement of the active benchmarked manager:
How to manage the relative risk to cap-weighted benchmarks with smart beta risk
allocation
• Smart beta as a strategic benchmark
• How to manage the absolute risk of smart beta
Eric Shirbini
Global Product Specialist
ERI Scientific Beta
11:10am – 11:50am Application of Factor Investment Strategies: Harvesting the Low Volatility Anomaly
(Workshop)
Factor driven strategies provide for a wide array of investment applications including
serving as a stand-alone strategic core investment solution, blending with benchmarks
for enhanced return/risk profiles, using factor combinations to replicate active
managers. This workshop will first explore these portfolio implementation strategies
and then provide a deeper understanding of low volatility investing, one of the most
widely accepted smart beta investing strategies currently in the marketplace, to help
illustrate the importance of an unconstrained approach to the factor.
John G. Feyerer, CFA
Vice President, Director of Equity ETF Product Strategy
Invesco PowerShares Capital Management LLC
Craig J Lazzara, CFA
Managing Director, Global Head of Index Investment Strategy
S&P Dow Jones Indices
11:50am – 12:30pm Keynote Interview
Bob has significant experience developing and monitoring equity investment activity,
portfolio management, product development and research. His experience with Smart
Beta is both as a product developer and as an investor. He will share his extensive
experience with us in a candid discussion on the uses of Smart Beta.
Robert F. Hill, Jr., CFA
Deputy Chief Investment Officer
VCU Investment Management Company

4. 12:30pm – 1:40pm Networking Luncheon
1:40pm – 2:20pm Does Style Investing Work in the Fixed Income Markets? (Workshop)
While style investing is well understood and established in the equity markets, it is still
in the early stages of adoption in the fixed income markets. During the session, we'll
define style investing across four well-known styles - value, momentum, carry and
defensive - and discuss its application in fixed income, specifically government and
corporate bonds. Learn how a style-based investing approach within fixed income can
add long-term value to an investor portfolio.
Jordan Brooks, Ph.D.
Managing Director
AQR Capital Management
Mark Carver, CIMA®
Vice President
AQR Capital Management
2:20pm – 3:10pm Investing in Alternatives Using Smart Beta Strategies (Panel Discussion)
Smart Beta strategies often incorporate explicit factor tilts, but investing in a long/short
factor portfolio may be an attractive way to access alternative investments. Can smart
beta concepts be applied in an alternative investment strategy? What is the level of skill
and structuring necessary to do it well? This panel will discuss:
• How to build an alternatives portfolio
• Why and how to use a rules based approach for alternatives investing
• Why diversification is important given the left tail nature of such strategies
• What is needed operationally to implement a smart beta alternatives strategy
• Common misperceptions and pitfalls to avoid
Ronen Israel
Principal
AQR Capital Management
Chris Shepler, CFA
Senior Director, Pension Practice
Cambridge Associates
Douglas Smith, CFA
Senior Investment Consultant
Hedge Fund Manager Research
Willis Towers Watson
3:10pm – 3:30pm Networking Break

5. 3:30pm – 4:20pm Portfolio Construction using Smart Beta Strategies (Panel Discussion)
Incorporating smart beta strategies into the investment portfolio requires some
considerations to ensure that the strategies are working in tandem, and not at odds
with, the rest of the portfolio. Investors need to take a holistic view of the portfolio and
determine the objectives of the smart beta strategies. What is the best use of the smart
beta strategies? These experienced portfolio managers will share how smart beta
strategies fit into their portfolios, and how to ensure that they serve their purpose
without conflicting with other strategies.
John G. Feyerer, CFA
Vice President, Director of Equity ETF Product Strategy
Invesco PowerShares Capital Management LLC
Geoff Kelley, CFA
Global Head of Research, Investment Solutions Group
State Street Global Advisors (SSGA)
Alan Wong, CFA
Senior Investment Strategist
Benefit Plan Investments
Chevron Corporation
4:20pm – 5:00pm Keynote Interview
Charles Van Vleet is a well-respected institutional investor and a recognized thought
leader. Charles will share why and how he implemented smart beta strategies, what his
experience has been, and any changes he anticipates for the future.
Charles Van Vleet
Assistant Treasurer, Chief Investment Officer
Textron Inc.
5:00pm – 6:00pm Cocktail Reception