PAPERS has arranged a special room rate for attendees at the Forum who desire overnight lodging on Tuesday, May 26 and/or Wednesday, May 27.

To receive the group rate of $169 per night and pending remaining availability, reservations must be made on or before 11:59 p.m. on May 4, 2026. To make room reservations on-line, log onto: https://group.hilton.com/bnsbth

To make room reservations by phone, please call Harrisburg Hilton at 717-233-6000, enter Option 1 for new reservations and provide the group code 966.

TENTATIVE AGENDA FOR SPRING FORUM 

Wednesday May 27

9:30 AM          Registration

10:30 – 11:20 AM       C.S. McKee

Mario Tufano, Senior Portfolio Manager

The Golden Age of Behavioral Biases: How Psychology Drives Markets and Fuels Extremes

This session examines how behavioral biases shapes market cycles, investment outcomes, and everyday decision making.  It challenges the assumptions that fundamentals alone drive markets and shows how psychology fuels booms and busts.  You will get a framework to think more probabilistically and navigate uncertainty better with greater discipline and make stronger decisions.

11:20 AM – 12:10 PM            American Realty Advisors

Sabrina Unger, Managing Director, Head of Research and Strategy

Brick by Brick: Investing in the Future of Housing

Despite years of headlines warning about a national housing shortage, many local markets are facing pockets of oversupply. How can both be true? This session explores the demographic shifts, affordability pressures, and migration trends reshaping housing demand across the country. We’ll also examine how technology, evolving consumer preferences, and declining home affordability are accelerating growth and innovation in the for-rent sector — and what it means for real estate investors looking ahead.

12:10 – 1:00 PM         Lunch

1:10 – 2:00 PM           BNY

Eric Hundahl, Head of Investment Strategy and Model Portfolios

A.I. Adoption: The Macro Shock of the Decade

In a short period, AI has advanced from novelty to an integral part of workflows, often matching or surpassing human performance in areas such as image classification, algorithm design, and data analysis.

2:00 – 2:50 PM           Wilshire Advisors

Ian Leverich, Managing Director, XTP Implementation Services

Craig Morton, Senior Vice President

Cost Efficiency, Governance, and Fiduciary Excellence

This session explains how a Total Cost of Ownership (TCO) framework looks beyond management fees to uncover cost drivers across the entire investment value chain. Participants will learn how integrating TCO into governance practices strengthens oversight, improves net returns, and helps trustees fulfill their fiduciary responsibilities with confidence.

2:50 – 3:00 PM           Coffee Break

3:00 – 3:50 PM           Twin Capital Management

Geoff Gerber, President & Chief Investment Officer

Active, Passive and Everything in Between?

This session explores how to evaluate active and passive equity managers, what truly drives performance, and the often-overlooked cost of taking risks. We’ll examine why passive strategies have outperformed many active managers since 2010—and what that means for building a smarter, more cost-effective portfolio.

3:50 – 4:40 PM           Allegheny County / KORYAK

Walt Szymanski, Director, Retirement Office

Suresh Ramanathan, KORYAK

From Paper to Performance: Automating a Public Pension Office—What Worked, What Didn’t, and What to Avoid

This session offers a candid, real-world look at the transition from manual processes to an automated public pension office. Drawing on firsthand experience, the presenter will highlight key successes, lessons learned, and common pitfalls encountered along the way. Attendees will gain practical guidance on what functions are best suited for automation, what should remain hands-on, and how to avoid costly missteps—especially when designing or implementing custom software solutions. Walk away with actionable insights to help modernize operations while maintaining accuracy, efficiency, and strong governance.

5:00 PM          Social Event

Thursday, May 28

7:30 – 8:30 AM           Breakfast

8:30 – 9:20 AM           PSERS / Gallagher Risk Management Services

Beverly Hudson, Deputy Executive Director for Administration

Peter Simonsen, JD, Area Assistant Vice President and Director for Cyber Liability, Gallagher Risk Management Services

Cybersecurity 2026: Defending Against a Borderless, AI-Driven Threat Landscape

An executive-level presentation on the evolving global threat environment, emerging industry-specific risks, strategies to reduce breach impact, and how AI-accelerated attacks are reshaping modern cyber defense.

9:20 – 10:10 AM         Gallagher

Pat Trunzo, Compliance Consulting

Compliance & Administration Unlocked: Best Practices That Protect and Perform

A practical, forward-focused session on proven strategies that strengthen oversight, streamline operations, and keep your organization confidently compliant.

10:10 – 11:00 AM       TBD

Pennsylvania Pension Pulse: A 2026 Legislative Update and IRS Changes

A focused look at recent pension activity in Pennsylvania and key IRS guidance, with practical insights on compliance, governance, and long-term sustainability for public plans.

Closing remarks