Key Offerings
Conference Specifics
"The 3rd Annual Mutual Fund Conference"
November 21, 2000:  Nippon Kaiun Club (Nagatacho),

08:30-09:00		REGISTRATION
09:00-09:15		Chairman's Address:  Christopher P. Wells, Partner, White & Case LLP
09:15-09:50		Present and Future State of Japanese Mutual Funds Market  Takashi Hinata, Vice Chairman, Securities Investment Trust Association Market movements of equity/fixed income and equity funds/fixed income funds New investment trust laws and J-REIT movements
09:50-10:30		The Challenges of Establishing Exchange Traded Funds in Japan  Kazuhisa Okamoto, CEO, Barclays Nikko Global Investors About ETF Distribution market and issuance market Difference from the past investment trust Placement of ETF in Japan
10:30-10:50		Morning Coffee/Tea Break
10:50-11:40		The Problems with Rating Mutual Funds in Japan               Panel Discussion  Panelists:  Keiichiro Ubukata, General Manager, Fund Services, Standard & Poor's  David Vriesenga, Representative Director, Global Fund Ratings, Moody's     Investors Service (London)  Akitoshi Moriyama, Director, Morningstar Japan K.K. Rating criteria and its acceptance/understanding among Japanese investors Categories and significant factors influencing the ratings process Maintaining a rating and downgrade possibilities Performance vs. Cost Main challenges for Japanese investment fund ratings during the next year and near future
11:40-12:20		Alternative Investments in the US and Japan  Donald Johnston, Vice President, Goldman Sachs Asset Management Japan Limited Case Study: Successes and failures in the US Case Study: Actual placements in Japan through Private Funds
12:20-13:30		LUNCHEON
13:30-14:10		Confronting the Introduction of the DC Pension Plan  Seiichi Ohta, Member of the House of Representatives Chairman, Private  Pension Fund Subcommittee, Social Affairs Division, LDP Introduction of DC Plan Movements in corporate pension reform laws
14:10-14:50		Pension Reform: Companies Tackling with the Issues  Shozo Tokuzumi, Head of Treasury Department, Nippon Steel Co.  Chairman, Corporate Pension Issues Study Group, Japan Federation  of Employers' Associations (Nikkeiren) Countermeasures for constructing a strategic retirement benefit scheme A closer look at the future system of retirement benefit system
14:50-15:10		Afternoon Coffee/Tea Break
15:10-16:00		The Direction of Corporate Pension Reform                 Panel Discussion  Panelists:  Yoshio Nakamura, Managing Director, Federation of Economic     Organizations (Keidanren)  Noboru Yamaguchi, Managing Director & CIO, The Pension Fund of Japan     Travel Bureau Fund Association  Jun Masumoto, Vice Chairman, Japan Trade Union Confederation (RENGO) How serious is the underfunding problem with Japanese pension plans? Is the DC plan the sole solution? How to secure employee's right to receive pension. Addressing the LDP pension reform proposals and its inherent tension placed on fund fiduciaries and corporates Where is the Japanese corporate pension system heading in one year? Five years?
16:00-16:40		Risk Strategies and Tools for Pension Plans  George Chow, Director, State Street Associates, Boston How do you identify risk? Why should you care about it? Where does risk come from? How do you manage risk?
16:40-17:20		More Lessons Learned from U.S. DC Experience  Gary Jackson, Senior Vice President, Director of Defined Contribution Plans,  SSB Citi Asset Management Fiduciary obligations and lack of disclosure - Brief update on the Unisys case Changing benefit plans without fully considering the participants - Brief update on the IBM case Additional U.S. case studies Learn what to do, what not to do
17:20-17:30		CLOSING COMMENTS