Texas Public Funds Investment Conference

November 4 - 6, 2020

The wellbeing and safety of TAC's members is the first priority. In responding to calls for slowing the spread of COVID-19, TAC has transformed the Texas Public Funds Investment Conference, originally scheduled for in Houston, into a virtual event that will now take place Nov. 4-6.

For more information, contact Deanna Auert or Nino Miranda at (800) 456-5974.

The well-being and safety of TAC's members are our top priorities. In response to calls to slow the spread of COVID-19, we have transformed the Texas Public Funds Investment Conference, scheduled for Nov. 5-6 in Houston, into a virtual event. It is still our intention to return to in-person conferences as soon as it is safe to do so.

Join us as we explore a new way to help you piece together the puzzle of your county's investment options. Experts from the financial industry discuss the influences on the current economy and timely trends in investing. The conference will be the same premier event that we have been planning — just transformed into a virtual experience. We will still be able to engage with one another, but within a safe digital platform.

This training is open to all county officials and staff who want to learn more about county investment operations.
Conference attendees will access the virtual conference platform through a personalized confirmation email, which will be sent to you the week before the conference. You will need to access the internet and use a browser to log in and join the virtual event. TAC staff recommends using Google Chrome. The platform works most smoothly with that browser. Others, such as Firefox, may experience problems. Attendees should not use Internet Explorer. It is not a supported browser for the event.

LEARNING OUTCOMES

Participants successfully completing this conference can:

  • Discuss liquidity estimating;
  • Gain a more in-depth understanding of investment strategies for today's environment;
  • Discuss cybersecurity and the current attack trends used by hackers and fraudsters; and
  • Analyze factors influencing the U.S. economy.

Education Co-Sponsor: McCoy College of Business Administration at Texas State University

The Texas Public Funds Investment Conference helps you piece together the puzzle of your county’s investment options. Experts from the financial industry discuss the influences on the current economy and timely trends in investing. This training is open to all county officials and staff who want to learn more about county investment operations.

Continuing Education/Prerequisites

The McCoy College of Business Administration at Texas State University is the conference's education co-sponsor. There are no prerequisites for attending this program.

The conference presents 10 hours of investment education required by Section 2256.008 of the Public Funds Investment Act. Ten hours of continuing education credit are available for Public Funds Investment Act compliance and for members of the County Investment Academy. Credit approval is pending for commissioners, county and district clerks, tax assessor-collectors, treasurers, auditors and CPAs.

County Investment Academy

The County Investment Academy is a partnership between the Texas Association of Counties and the McCoy College of Business Administration at Texas State University to work together in the planning of education programs for county officials and employees.

  • Membership in the Academy is acquired through completion of the Basics of County Investments Course, or completion of a previous County Investment Officer (CIO) Level I course.
  • Fifteen Academy hours per calendar year are required to maintain membership, with five outside hours and five carryover hours allowed per year.

Registration Fees

Registration Type Early Bird After Oct. 14th
County Official or Employee $160 $185
City, School or Special District $215 $240
Non-Government $500 $500

Please make checks payable to Texas Association of Counties

All rooms reservations made in the group block at Westin Houston Hotel, Memorial City have been cancelled. If you had a reservation outside of the group blocks, please call the hotel directly to cancel.

Wednesday, Nov. 4
11 a.m.-1 p.m. Access Event Platform and Information Desk
1-1:50 p.m.

Municipal Investment Strategy in the COVID-19 Crisis
Taxable municipal issuance has surged since 2019 as issuers have flooded the market with bonds to advance refund tax-exempt debt. This session will explore opportunities in this sector and highlight strategies for government positions that may outperform the norm during the crisis and in the post-pandemic world.

Ms. Abigail Urtz, Senior Vice President – Municipal Credit Strategist, FHN Financial
1:50-1:55 p.m. Break
1:55-2:45 p.m.

Premium Bonds:  Why, When and How
The fact that bonds are sold at a premium (or a discount) is a function of market rates and how they change over the life of the bond. Sometimes they make sense but sometimes not. How much and when are premiums too high? This session will look at when and why they occur and how to account for them when you do buy them.

Ms. Linda Patterson, President, Patterson & Associates
2:45-2:50 p.m.  Break
2:50-3:40 p.m.

Presenting with Credibility and Composure
You’re faced with informing financial decision-makers to achieve sound public policy. Are you confident in your ability to present facts and figures that make sense? Does your information tell a positive story? Or do you have some bad news to deliver? Are you calm? Or do you dread this presentation?

This session will focus on:

  • Crafting a narrative with numbers
  • Portraying data with clarity and precision
  • Presenting with confidence, even virtually

Ms. Christina Moore, Lecturer, Texas State University

3:40-3:45 p.m. Break
3:45-4:35 p.m. 

Prevention of Ransomware
In this session, we will discuss ransomware, the variety of ways your organization can be attacked, and tips to better protect your organization. This will include the perspectives from an administrative, employee and information technology management approach to mitigate the risks, enhance the preparedness . 

Mr. Patrick Shinkle, Director, Center for Public Management at the University of North Texas
Thursday, Nov. 5
8-8:30 a.m. Access Event Platform and Information Desk
8:30-9:20 a.m.

The Ins and Outs of Structured CDs
Structured CDs combine a deposit with an investment product, where the return is dependent on the performance of some underlying financial instrument. In this session, we will explore the potential benefits of this investment type, discuss who might use them, and review what to look out for before doing so. We will also differentiate between the primary and secondary markets for these products.

Mr. Sam Vaughan, Vice President, Financial Northeastern Companies

9:20-9:25 a.m. Break
9:25-10:15 a.m.

Pools & Mutual Funds: Similarities & Differences
Investors of state public funds must consider many variables when investing those moneys. In this session, we will discuss the different types and characteristics of pooled investment funds, including local government investment pools and mutual funds, their relationship to the Texas Public Funds Investment Act, and investor best practices for choosing a pooled investment for your public entity.

Mr. Nelson Bush, Managing Director, PFM Asset Management LLC

10:15-10:20 a.m. Break
10:20-11:10 a.m.

Forecasting Follies
With a look back to 2019, this session will examine the folly of using interest rate forecasts to drive investment strategies. We’ll then introduce investment strategies that are independent of these forecasts and demonstrate their success.

Mr. Greg Warner, Senior Portfolio Manager, Director, Hilltop Securities Asset Management
Friday, Nov. 6
8-8:30 a.m. Access Event Platform and Information Desk
8:30-9:20 a.m.  

Economic Update
Hear the latest on the economy and what important events are on the horizon.

Dr. William Chittenden, CTP, 2020-2021 Presidential Fellow, Associate Dean for Graduate Programs, McCoy College of Business Administration, Texas State University
9:20-9:25 a.m. Break
9:25-10:15 a.m.

Investment Strategies for Today’s Environment
With interest rates at or near record lows and expected to stay there for years to come, investment officers are once again faced with unique challenges. In this panel discussion we’ll review the current investment environment, present some out of the box options and answer attendee questions.       

Mr. Zach Brewer, Senior Vice President, FHN Financial
Ms. Kathryn Perry, Senior Vice President, Raymond James

Mr. Greg Warner, Senior Portfolio Manager, Director, Hilltop Securities Asset Management 

10:15-10:20 a.m. Break
10:20-11:10 a.m. A New Framework for Monetary Policy and the Implications for Financial Markets
With monetary policy again limited by the zero-interest rate bound, the Federal Reserve has once again changed its approach to achieving its dual mandate.  In this presentation, we will look at how the Fed has responded to the COVID pandemic, why they adopted a new approach to monetary policy, the policy tools remaining in their quiver, and the expected implications for portfolio managers.  

Mr. Craig Dismuke, Chief Economist, Vining Spark

*Agenda subject to change

The McCoy College of Business Administration at Texas State University is the education co-sponsor of the 2020 Texas Public Funds Investment Conference.

Type Hours
County Investment Academy 10
PFIA 10
CPAs/Auditors 10
Treasurers 10
Commissioners 10
County and District Clerks 8:20
Tax Assessor-Collectors 10

 

All cancellation and refund requests must be received in writing (fax or email acceptable). Refunds requested before Oct. 14 are subject to a $10 processing fee. Refunds after Oct. 14 will be subject to an administrative fee equal to one-half of the registration fee. No refund requests will be honored after Nov. 13. Please email Nino Miranda at ninom@county.org or fax (512) 477-1324 to cancel your conference registration.

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