Alternative Investments 2009

Agenda

Wednesday, 4 February 2009

 

7:00 a.m.
Registration and Continental Breakfast

 

8:00 a.m.
Conference Welcome

Robert E. Kiernan III
Conference Co-Moderator
CEO
Advanced Portfolio Management LLC

Ted Seides, CFA
Conference Co-Moderator
Director of Investments
Protégé Partners, LLC

 

8:25 a.m.
A Risk Manager's Perspective of the Credit Crisis
Jamie Raboy
Chief Risk Officer
Marathon Asset Management

• Was risk management better handled by the hedge fund industry than the bankers in the past 12 months?
• What are the key risks in portfolios, and are you being adequately compensated for those risks?
• What are the problems with traditional risk management techniques, and where do we go from here?

 

9:15 a.m.
Managing Distressed Debt and Extracting Value
Anthony Stalker
Partner
ADM Capital Europe LLP

Michael P. Lustig
Managing Director and Portfolio Manager
BlackRock, Inc.

 

• Examining the recent action in the market and the relative value between alternatives
• Differentiating between fundamentally impaired assets and opportunities arising because of illiquidity
• Investigating rising default rates, slower economic growth, and an uncertain outlook for housing and credit availability

 

10:45 a.m.

Refreshment Break with Exhibitors

 

11:05 a.m.

Private Equity − A New Era for Investors
Neil Moszkowski
Co-CEO
TowerBrook Capital Partners, LP
                       

• What is the outlook for changes in the private equity business (funding models and investments) and structural changes in financial markets post credit crisis?
• How does long-locked capital optimize return in a capital-scarce environment?
• How have company valuations changed since the credit crisis, and where are the opportunities globally?

           

12:05 p.m.

Lunch Followed by Dessert with Exhibitors

 

1:05 p.m.
Luncheon Address
Hedge Fund Beta: A New Contender
Clifford S. Asness
Managing and Founding Principal
AQR Capital Management LLC

                               

• State of the markets — definition and measurement of the crisis by asset class
• Causality — capitalization of the global financial system
• Effect — prices, sources of capital, and industry consolidation

 

2:05 p.m.
An Alternate Approach to Hedge Fund Portfolio Construction
Ho Ho
Quantitative Portfolio Manager
California Public Employees’ Retirement System (CalPERS)

                       

• Characteristics to look for in hedge fund strategies, including using quantitative and qualitative screens to select strategies that will complement existing hedge funds in a portfolio
• Alternative approaches to optimization: How much diversification is enough?  
• Analysis of hedge fund results in 2007 and 2008

                                               

3:05 p.m.
Refreshment Break with Exhibitors

 

3:25 p.m.
Emerging and Frontier Markets: Sorting through a World of Opportunities
Peter Douglas, CAIA
Principal and Founder
GFIA Pte. Ltd.

Khaled Abdel Majeed
Managing Partner
MENA Capital

                

• The inefficiencies in emerging and frontier markets and the use of hedge funds in these markets
• The coupling, or decoupling, of emerging markets
• Balancing the capacity of emerging market strategies with investor appetite

                                               

4:25 p.m.
Firm Management: A Key to Selecting Managers
Chris Brightman, CFA
CEO
UVA Investment Management Company (UVIMCO)

John Trammell
President
Cadogan Management, LLC

Jeffrey A. Weber
President
York Capital Management

         

• Managing the liquidity of hedge funds
• Ensuring continuity of investor capital for short term and long term
• Using best practices for the management of an alternative investment firm

 

5:30 p.m.
Networking Reception Hosted by Exhibitors

 

6:30 p.m.
Conference Close