Founding Sponsor: November 16-19, 2008 Jumeirah Beach Hotel, Dubai, UAE Targeted Knowledge on Alternative Investment and the Middle East First Hand Insight from the New Titans MEET THE DECISION MAKERS Platinum Sponsor: Gold Sponsors: Sir Win Bischoff Chairman CITI The Uncertainty of Business – Investment, Transition and Crisis James Wolfensohn Former President THE WORLD BANK The Responsibility of Business – Society Needs Businesses to Be Accountable Be inspired by the Visionaries’ Keynote Addresses: Nasser Saidi DIFC UAE Eric Meyer SHARIAH CAPITAL USA Joseph Joseph GLOBAL INVESTMENT HOUSE KUWAIT Dr. Robert B. Litterman, GOLDMAN SACHS ASSET MANAGEMENT USA Praveen Jagwani EFG Hermes UAE Guido Schlegel CREDIT SUISSE UAE Hani Kablawi BANK OF NEW YORK MELLON UAE Miguel Gutierrez, THE ROHATYN GROUP USA Mohammed Al Mualla ABU DHABI INVESTMENT HOUSE UAE Ahmed Butti Ahmed DUBAI CUSTOMS and DUBAI WORLD UAE Ian MacDonald DMCC UAE Christopher Durand ADIC UAE Deepak Gurnani, INVESTCORP, Bahrain Eric Swatts, RASMALA INVESTMENTS, UAE Shakir Mahmood, MAJID AL FUTTAIM TRUST LLC, UAE Drew Fox, ING CLARION REAL ESTATE SECURITIES, USA Nick Tolchard, INVESCO ASSET MANAGEMENT LTD, UAE Scott Callendar, AXA IM, Qatar Stefan Cowell, ABU DHABI RETIREMENT PENSIONS AND BENEFIT FUND, UAE Loveen Israni, JUPITER INVESTMENT CORP, UAE Eric Lazear, FIM, USA Adnan Hassan, THE WORLD BANK, USA Pippa Malmgren, THE CANONBURY GROUP, UK Drosten Fisher, THE MONITOR GROUP, USA Mohammed Al Tajer, CENTRAL BANK OF BAHRAIN, Bahrain EMIRATES SECURITIES AND COMMODITIES AUTHORITY, UAE Mona Aboelnaga Kanaan, PROCTOR INVESTMENT MANAGERS LLC, USA Nigel Stillitoe, THAMES RIVER CAPITAL, UK Bill Grayson, FALCON GROUP, USA Sean Reynolds, VAN ECK, USA Keith Reid, DAMAN SECURITIES, UAE Ron D’Vari, BLACKROCK, USA John Hathaway, TOCQUEVILLE ASSET MANAGEMENT, USA Russell Lucas, LUCAS CAPITAL MANAGEMENT, USA Wolfango Piccoli, Analyst, Europe & Eurasia, EURASIA GROUP, UK Nick Tolchard, Head of International Development, INVESCO ASSET MANAGEMENT LTD, UAE Robert Bush, CEO, MAJLIS CAPITAL, UAE Robert Russell, AVENUE CAPITAL, UAE Lou Gerken, Chairman & CEO, GERKEN CAPITAL ASSOCIATES, USA 60+ Elite Industry Speakers Regional Allocators │ Leading Thinkers │ Expert Practitioners Exclusive to GAIM Middle East Network with over 1,500 of the region’s most influential business and renowned thought leaders from across the globe at Leaders in Dubai Business Forum Celebrate regional business excellence at the 2 nd Annual Middle East Business Achievement Awards Gala Dinner. Join regional leaders in awarding superior performance in the Gulf’s top organizations Haissam Arabi SHUAA ASSET MANAGEMENT UAE Orhan Osmansoy THE NATIONAL INVESTOR, UAE Meet Middle Eastern institutional investors to discover their unique characteristics, performance goals and risk appetites Access world-class deals, talent and ideas to increase investment returns and assets under management Profit from triple digit returns in the Middle Eastern market – Gulf commodities, Real Estate and Energy Gala Dinner Sponsor: www.gaim-me.com
Transcript
Founding Sponsor:
November 16-19, 2008Jumeirah Beach Hotel, Dubai, UAE
Targeted Knowledge on Alternative Investment and the Middle East
First Hand Insight from the New Titans
MEET THE DECISIONMAKERS
Platinum Sponsor: Gold Sponsors:
Sir Win BischoffChairmanCITIThe Uncertainty of Business –Investment, Transition and Crisis
James WolfensohnFormer PresidentTHE WORLD BANKThe Responsibility of Business – SocietyNeeds Businesses to Be Accountable
Be inspired by the Visionaries’ Keynote Addresses:
Nasser SaidiDIFCUAE
Eric MeyerSHARIAH CAPITALUSA
Joseph JosephGLOBALINVESTMENT HOUSEKUWAIT
Dr. Robert B. Litterman,GOLDMAN SACHSASSETMANAGEMENTUSA
Praveen JagwaniEFG HermesUAE
Guido SchlegelCREDIT SUISSEUAE
Hani KablawiBANK OF NEWYORK MELLONUAE
Miguel Gutierrez,THE ROHATYNGROUPUSA
Mohammed Al MuallaABU DHABIINVESTMENTHOUSEUAE
Ahmed Butti AhmedDUBAI CUSTOMSand DUBAI WORLDUAE
Ian MacDonaldDMCCUAE
Christopher DurandADICUAE
Deepak Gurnani, INVESTCORP,Bahrain
Eric Swatts, RASMALA INVESTMENTS,UAE
Shakir Mahmood, MAJID AL FUTTAIMTRUST LLC, UAE
Drew Fox, ING CLARION REAL ESTATESECURITIES, USA
Nick Tolchard, INVESCO ASSETMANAGEMENT LTD, UAE
Scott Callendar, AXA IM, Qatar
Stefan Cowell, ABU DHABI RETIREMENTPENSIONS AND BENEFIT FUND, UAE
Loveen Israni, JUPITER INVESTMENT CORP, UAE
Eric Lazear, FIM, USA
Adnan Hassan, THE WORLD BANK, USA
Pippa Malmgren, THE CANONBURY GROUP, UK
Drosten Fisher, THE MONITOR GROUP, USA
Mohammed Al Tajer, CENTRAL BANK OF BAHRAIN, Bahrain
EMIRATES SECURITIES AND COMMODITIESAUTHORITY, UAE
Mona Aboelnaga Kanaan, PROCTOR INVESTMENTMANAGERS LLC, USA
Nigel Stillitoe, THAMES RIVER CAPITAL, UK
Bill Grayson, FALCON GROUP, USA
Sean Reynolds, VAN ECK, USA
Keith Reid, DAMAN SECURITIES, UAE
Ron D’Vari, BLACKROCK, USA
John Hathaway, TOCQUEVILLE ASSETMANAGEMENT, USA
Russell Lucas, LUCAS CAPITAL MANAGEMENT,USA
Wolfango Piccoli, Analyst, Europe & Eurasia,EURASIA GROUP, UK
Nick Tolchard, Head of International Development,INVESCO ASSET MANAGEMENT LTD, UAE
Robert Bush, CEO, MAJLIS CAPITAL, UAE
Robert Russell, AVENUE CAPITAL, UAE
Lou Gerken, Chairman & CEO, GERKEN CAPITAL ASSOCIATES,USA
60+ Elite Industry Speakers Regional Allocators │ Leading Thinkers │ Expert Practitioners
Exclusive to GAIM Middle EastNetwork with over 1,500 of the region’s mostinfluential business and renowned thoughtleaders from across the globe at Leaders inDubai Business Forum
Celebrate regionalbusiness excellence atthe 2nd Annual MiddleEast Business
Achievement Awards Gala Dinner. Join regional leaders inawarding superior performance in the Gulf ’s top organizations
Haissam ArabiSHUAA ASSETMANAGEMENTUAE
Orhan OsmansoyTHE NATIONALINVESTOR, UAE
Meet Middle Eastern institutionalinvestors to discover their uniquecharacteristics, performance goalsand risk appetites
Access world-class deals, talent and ideas t o increase investment returns and assets under management
Profit from triple digit returns in theMiddle Eastern market – Gulfcommodities, Real Estate and Energy
Gala Dinner Sponsor:
w w w . g a i m - m e . c o m
www.gaim-me.com2
Delegates and Attendeeswill include:
• The Middle East and Global Investor Community:
- Independent HNW & Single Family Offices
- Sovereign Wealth Funds & GovernmentInvestment Offices
- Corporate and Public Pension Funds
- Endowments and Foundations
- Insurance Firm’s Investment ManagementDivisions
• Money Managers:
- Hedge Fund Portfolio Managers and InvestmentOfficers
- Fund of Funds Portfolio Managers and InvestmentOfficers
- Private Equity Fund Managers and InvestmentOfficers
- Real Estate Fund Managers and InvestmentOfficers
• Investment Banks
• Prime Brokers
• Administrators
• Law Firms
• Accounting Firms
• Technology and Software Providers
• Government Executives and Finance Ministers
ABOUT DUBAI
In addition to being the center of the exploding regional economic story, Dubai is an Emirate of captivating
contrasts. From the timeless tranquility of the desert to the lively bustle of the souk, Dubai offers a kaleidoscope
of attractions for visitors.
In a single day, you can experience everything from rugged mountains and awe-inspiring sand dunes to sandy
beaches and lush green parks, from dusty villages to luxurious residential districts and from ancient houses with wind
towers to ultra-modern shopping malls. The Emirate is both a dynamic international business centre and a laid-back
tourist escape; a city where the sophistication of the 21st Century walks hand in hand with the simplicity
of a bygone era.
These contrasts give Dubai its unique flavor and personality; a cosmopolitan society with an international lifestyle, yet
with a culture deeply rooted in the Islamic traditions of Arabia. Since earliest times, Dubai has been a meeting place,
bringing together the Bedouin of the desert interior with the pearl-diver, the merchant of the city with
the sea-going fisherman. Combine business with leisure this winter and visit the jewel in the Arabian Gulf
GAIM Middle East returns in 2008 with a brand new program, even more powerful speakers, and an agendapacked with insightful sessions. Combined with unique networking opportunities alongside renownedbusiness leaders from across the globe, GAIM Middle East gives you an unrivalled platform to meet thelegends of the regional investment community, hear and share insights with the powerhouses of the regionand share in best practices from top Fund Managers, Hedge Funds, and Funds of Hedge Funds.
With targeted content on how leaders in the Alternative Investment Community are finding pockets ofopportunity, given the current market volatility, and despite the ongoing credit crunch and lack of liquidity,once again GAIM Middle East offers you the definitive event to:
• Meet and network with the top Gulf based investors and SWFs
• Access the world’s largest pool of liquid capital in the Middle East
• Explore the cutting edge of Islamic alternatives and Gulf-based investment opportunities
GAIM’s network of investors and alternative investment managers is simply unrivalled.
GET IN FRONT OF BUSINESS LEADERS OF THE REGION AT THE MOST EXCLUSIVENETWORKING EVENTS
With over 15 hours of exclusive networking opportunities, get in front of the leading lights of the Gulf
business community:
• Network with GAIM Middle East attendees, select Leaders in Dubai speakers and delegates, VIPS, and
special guests at the GAIM Middle East Opening Gala Dinner
• Build relationships with your peers at the Ahlan Wa Sahlan! Networking Reception
• Access over 500 of the most influential business people in the Gulf business community at the Middle East
Business Achievement Awards ceremony and gala dinner
• Take an off-road adventure with new friends and old acquaintances during the Afternoon Desert Safari
A limited number of special Complimentary VIP attendance passes are available for pre-approved members ofthe investor community, including single family offices, endowments and foundations, sovereign wealth fundsand pension funds. If you think you may qualify for one of these special passes please [email protected] or [email protected].
We look forward to welcoming you to GAIM Middle East in November 2008!
Sincerely,
Jeremy Butcher, Co-Event DirectorGAIM MIDDLE EAST
Julia Wilson, Co-Event Director
GAIM MIDDLE EAST
Delegates by Industry
Investors& Allocators
Software & Technology Service Providers
Financial Services
Asset Managers
Banks/ PrimeBrokers
Delegates by Region
60% Gulf
40%
Rest of World
3:15 Afternoon Tea Break
4:00 EXCLUSIVE
The Responsibility of Business – Society Needs Businesses to Be Accountable
James Wolfensohn, Former President of THE WORLD BANK (1995 - 2005)
5:30 Ahlan Wa Sahlan! Networking Reception
8:00 The 2nd Annual Middle East Business Achievement Awards and Gala Dinner
3
AGENDA AT A GLANCE
7:00 Pre-registration 8:00 Opening Gala Dinner hosted by
SATURDAY, NOVEMBER 15, 2008
MONDAY, NOVEMBER 17, 2008 VOLATILITY AND LIQUIDITY – GENERATING ALPHA IN 2009
8:00 Registration and Breakfast
9:00 Opening Remarks from Conference Chairperson
Adnan Hassan, Former Senior Advisor, THE WORLD BANK, USA
9:15 2009 Global Investment Outlook – The Role of Geo-Politics in Shaping the World Financial Markets
Nasser Saidi, Chief Economist, DIFC, UAE
Pippa Malmgren, President, THE CANONBURY GROUP, UK
Wolfango Piccoli, Analyst, Europe & Eurasia, EURASIA GROUP, UK
9:40 How Developments in the Gulf Investment Environment Are Affecting Future Returns in the GCC Region
MODERATOR - Haissam Arabi, Managing Director, SHUAA ASSET MANAGEMENT, UAE
Deepak Gurnani, Managing Director Asset Management, INVESTCORP, Bahrain
Praveen Jagwani, Director - Asset Management, EFG HERMES, UAE
Joseph Joseph, Senior Investment Manager, GLOBAL INVESTMENT HOUSE, Kuwait
Orhan Osmansoy, CEO, THE NATIONAL INVESTOR, UAE
8:00 Registration and Breakfast
9:00 Opening Remarks from Conference Chairperson
9:10 Shari’ah Asset Management: Significance of the Seeding Model to Incorporate Alternative InvestmentStructures within Islamic Law
Eric Meyer, CEO, SHARIAH CAPITAL, USA
Ian MacDonald, Executive Director, Gold, DMCC, UAE
9:30 The Investment Managers: Successfully Managing Hedge Fund Operations in Accordance with Islamic law
John Hathaway, Senior Manager Director, Portfolio Manger, TOCQUEVILLE ASSET MANAGEMENT, USA
Russell Lucas, Co-Founder, Portfolio Manager, LUCAS CAPITAL MANAGEMENT, USA
10:00 Panel Session: Shari’ah Focus – Islamic Alternative Investments
Eric Meyer, CEO, SHARIAH CAPITAL, USA
Mohammed Shaheed Khan, Senior Vice President, ISLAMIC FINANCE CO., UAE
10:20 Networking Break
11:00 Taking Advantage of Increased Volatility Resulting from the Credit Crunch and Lack of Market Liquidity
Sean Reynolds, Portfolio Manager, VAN ECK, USA
Michael Preiss, Associate Director, HSBC MIDDLE EAST, UAE
Anatoly Romanovsky, Investment Director, HERMITAGE CAPITAL, UK
Hani Kablawi, Managing Director, Head of Middle East and Africa, BANK OF NEW YORK MELLON, UAE
Track A
Alternatives to Alternatives – A Strategies Showcase
Track B
Traditional versus Emerging Markets
3:30 Achieving Higher Returns Through Sustainable Development and Environmentally Driven Investing
Hilary Joy Kramer, Founder and CEO, GREENTECH RESEARCH LLC, USA
Selecting the Most Appropriate Jurisdiction – Middle East Domiciled Hedge Fund versus Offshore Alternatives
3:45 Real Estate – Identifying the Pockets of Opportunity in the Middle East, Europe, the US and Across the Globe
Drew Fox, Senior Vice President, ING CLARION REAL ESTATE SECURITIES, USA
Waseem Anwer, Managing Director, CHICAGO CAPITAL GROUP, USA
Opportunities in Real Assets – Commodities, Agriculture and Infrastructure
Nasir Hasan, ABU DHABI INVESTMENT COMPANY, UAE
Miguel Gutierrez, Partner – Head of Illiquid Strategies, THE ROHATYN GROUP, USA
4:00 Seeking Uncorrelated Betas Beyond Stocks and Bonds – Nanotechnology, Art Funds and Other Alternativesto Alternatives
Keith Reid, Senior Manager, DAMAN SECURITIES, UAE
China Versus India – A Tale of Two Growth Engines
Viren Khanna, Principal, LUCROS ADVISORS, UAE
4:15 Dislocated Markets – Opportunities in Distressed Debt and Event Driven Strategies
Ron D’Vari, Managing Director, BLACKROCK, USA
Robert Russell, Senior Portfolio Manager, AVENUE CAPITAL, UAE
Surpassing the Benchmark in Latin America: Brazil and Other Opportunities in Central & South America
Lou Gerken, Chairman & CEO, GERKEN CAPITAL ASSOCIATES, USA
Alexander Gorra, Head of International Platform, BNY MELLON ARX, Brazil
11:35 Convergence of Business Models – Hedge Funds, Private Equity and Real Estate - Blurring the Lines inthe Search to Achieve the Highest IRRs and Increase AUM
Ken Lehman, Managing Director, KENDALL INVESTMENTS LLC, USA
Richard Dallas, Managing Director, Investments, GULF CAPITAL, UAE
12:05 How Leading Funds Are Managing Their Balance Sheet and Exposure to Counterparty Risk
Eric Lazear, Head of Operations, FIM, USA
Lauri Martin, Global Deputy Head of Structural Risk, UBP, USA
John M. Budzyna, Managing Director and Head of Hedge Fund Consulting, DEUTSCHE BANKSECURITIES, INC., USA
Hassan Nasser, Financial Compliance Director, DUBAI MULTI COMMODITIES CENTRE, UAE
12:35 Luncheon
1:45 EXCLUSIVE
The Uncertainty of Business – Investment, Transition and Crisis
Sir Win Bischoff, Chairman of CITI
2:30 Quick Fire Showcase of Hedge Funds
3:00 Afternoon Tea
Track A
Advancing Alternatives & Fund Management For Fund Managers,Asset Managers, Investment Officers
Track B
Strategic Investments in Alternatives For Investors and Allocators
1:30 Market Depth in the Gulf – New Structures and Instruments for Improving AlternativeInvestment Strategies
Eric Swatts, Partner and Head of Asset Management, RASMALA INVESTMENTS, UAE
Shakir Mahmood, V.P. International Investment, MAJID AL FUTTAIM TRUST LLC, UAE
Strategic Asset Allocation – What Will Determine the Competitive Edge for Top Returns When IncorporatingHedge Funds Into an Asset Allocation Framework?
Mohammed Al Mualla, Principal – Investment Placement, ABU DHABI INVESTMENT HOUSE, UAE
Dr. Robert B. Litterman, Managing Director, Quantative Resources, GOLDMAN SACHS ASSETMANAGEMENT, USA
Guido Schlegel, Multi Asset Class Solutions Middle East, CREDIT SUISSE, UAE
2:05 Creative Alternatives in Financing – Using Permanent Capital to Actively Manage the Liability Side of aFund’s Balance Sheet as a Source of Alpha and to Reduce Risk
Mona Aboelnaga Kanaan, President & CEO, PROCTOR INVESTMENT MANAGERS LLC, USA
Creating Alpha - Winning Alternative Investment Strategies in 2008 and What Will Work for 2009
Brian Williamson, J.D., C.P.A., Managing Director, OPPENHEIMER & CO., USA
Shoaib Khan, Senior Portfolio Manager, UBP ALTERNATIVE INVESTMENTS, UNION BANCAIRE PRIVÉE, UAE
2:40 Meeting the Alternative Investments Needs of Middle Eastern Asset Allocators and Managers
Nigel Stillitoe, Executive Officer (Middle East), THAMES RIVER CAPITAL, UK
Nick Tolchard, Head of International Development, INVESCO ASSET MANAGEMENT LTD, UAE
Scott Callendar, Managing Director, AXA IM, Qatar
Allocators Perspectives on Recruiting the Best in Class Managers
Bill Grayson, President, FALCON GROUP, USA
Sean Daykin, Head of Investment Funds, EMIRATES INVESTMENT SERVICES, UAE
Adnan Hassan, Former Senior Advisor, THE WORLD BANK, USA
9:15 2009 Global Investment Outlook – The Role of Geo-Politics in Shapingthe World Financial Markets• Where do the strategic opportunities lie and how will geo-politics, re-pricing of credit
risk and macroeconomics impact investment returns?
• Insight into the US recovery – was 2008 the trough, or is there more turmoil to come?• A property led global negative trend – will the global economy recover or fall
into recession?
Nasser Saidi, Chief Economist, DIFC, UAE
Pippa Malmgren, President, THE CANONBURY GROUP, UK
Wolfango Piccoli, Analyst, Europe & Eurasia, EURASIA GROUP, UK
9:40 How Developments in the Gulf Investment Environment Are AffectingFuture Returns in the GCC Region • GCC currency union and common market – how the trillion dollar emerging common
market may affect liquidity of regional investments• Exploring currency pegs – how will available options for regional Governments impact
capital flows?• Developing financial instruments for the maturing Gulf market • Correlation to global markets – how insulated is this region from the rest of the world?• The evolution of traditional Gulf investors – from real estate and PE to hedge funds• What are the implications of the proposed VAT on regional and foreign investor returns?• Availability and sophistication of prime brokerage facilities
MODERATOR - Haissam Arabi, Managing Director, SHUAA ASSET MANAGEMENT, UAE
Orhan Osmansoy, CEO, THE NATIONAL INVESTOR, UAE
Deepak Gurnani, Managing Director Asset Management, INVESTCORP, Bahrain
Praveen Jagwani, Director - Asset Management, EFG HERMES, UAE
Joseph Joseph, Senior Investment Manager, GLOBAL INVESTMENT HOUSE, Kuwait
10:30 Networking Break
11:00 The New Titans – The Rise of Sovereign Wealth Funds in ReshapingGlobal Capital Flows • The outlook for SWF continued capital growth in the Gulf and beyond• SWF investment activity – how much of the investment capital is FDI versus reinvested
domestically? • SWFs as tools for national diversification • Global barriers to capital flows – the challenge of strategic national interests when SWFs
invest abroad• SWF attitudes to hedge funds and how to access their liquidity• What family offices and individual investors can learn from the strategies of SWFs
Ahmed Butti Ahmed, Director General, DUBAI CUSTOMS and DUBAI WORLD, UAE
Drosten Fisher, Chief Economist, THE MONITOR GROUP, UK
Robert Bush, Chief Executive Officer, MAJLIS CAPITAL, UAE
Christopher Durand, Head of Alternative Investments, ABU DHABI INVESTMENTCOMPANY, UAE
11:40 Regulatory Roundtable – GCC’s Views on Alternative Investments • What are regional Middle Eastern regulators doing to attract hedge funds to the region?• Developing ‘qualified investor’ provisions and other exemptions to facilitate hedge funds• Can investors have confidence in the GCC regulatory frameworks?• The burden of oversight by the GCC – what are your options for a Gulf based fund?• Compliance, transparency and disclosure requirements around the region
Mohammed Al Tajer, Director – Financial Institutions, CENTRAL BANK OF BAHRAIN,Bahrain
EMIRATES SECURITIES AND COMMODITIES AUTHORITY, UAE
Shashank Srivastava, Director Strategy and Planning, QATAR FINANCIAL CENTREAUTHORITY, Qatar
12:10 Luncheon Hosted by
TRACK A Advancing Alternatives & Fund Management
For Fund Managers, Asset Managers, Investment Officers
TRACK B Strategic Investments in Alternatives
For Investors and Allocators
1:30 Market Depth in the Gulf – New Structures and Instruments for Improving AlternativeInvestment Strategies• How exchange consolidation is facilitating increasing depth and transparency of markets
and providing a viable investment climate for global investors
• Changing traditional custody and brokerage models – why the DIFX is getting it right
• Increasing investment avenues in local markets through developments in margin tradingand ETFs
Eric Swatts, Partner and Head of Asset Management, RASMALA INVESTMENTS, UAE
Shakir Mahmood, V.P. International Investment, MAJID AL FUTTAIM TRUST LLC, UAE
Strategic Asset Allocation – What Will Determine the Competitive Edge for Top ReturnsWhen Incorporating Hedge Funds Into an Asset Allocation Framework• The endowment model revisited – comparing target rates of return, risk profile and investment
horizons to understand if they are really the best model
• Optimizing asset allocation using a tactical approach
• How to blend strategies and incorporate uncorrelated assets in portfolio construction – using hedgefunds, private equity and real estate to achieve risk and return objectives
• Looking at hedge funds with a long term perspective
Mohammed Al Mualla, Principal – Investment Placement, ABU DHABI INVESTMENT HOUSE, UAE
Dr. Robert B. Litterman, Managing Director, Quantative Resources, GOLDMAN SACHS ASSETMANAGEMENT, USA
Guido Schlegel, Multi Asset Class Solutions Middle East, CREDIT SUISSE, UAE
2:05 Creative Alternatives in Financing – Using Permanent Capital to Actively Manage theLiability Side of a Fund’s Balance Sheet as a Source of Alpha and to Reduce Risk
• Structuring products to increase the duration and diversity of assets to meet the needs of a widerrange of investors including the Middle Eastern investor
• Using permanent capital to bridge the asset - liability mismatch
• What does it mean for investors – what are they willing to pay for high-quality hedge fund assets?
Mona Aboelnaga Kanaan, President & CEO, PROCTOR INVESTMENT MANAGERS LLC, USA
Creating Alpha – Winning Alternative Investment Strategies in 2008 and What Will Workfor 2009
• Across Equity long/short to fixed income, macro and multi-strategy, what are the top performingstrategies predicted to be for the upcoming year?
• How are the allocations flows expected to change across the various hedge funds and strategies?
• Investing in converging alternative marketplace – complimentary hedge funds and private equityfund strategies
Brian Williamson, J.D., C.P.A., Managing Director, Private Equity, OPPENHEIMER & CO., USA
Shoaib Khan, Senior Portfolio Manager, UBP ALTERNATIVE INVESTMENTS, UNION BANCAIREPRIVÉE, UAE
2:40 Meeting the Alternative Investments Needs of Middle Eastern Asset Allocatorsand Managers
• What makes the new breed of Gulf based investors tick? How do they think, what do they look forand how can you ensure that you address their needs?
• Building relationships to gain access to the regional investor base
• Identifying their preferences and understanding their risk appetite when choosing between variousinvestment vehicles
• Manager selection techniques in the Gulf – local versus international preferences
• Providing viable regional investment options to local investors who in the past invested abroad
Nigel Stillitoe, Executive Officer (Middle East), THAMES RIVER CAPITAL, UK
Nick Tolchard, Head of International Development, INVESCO ASSET MANAGEMENT LTD, UAE
Scott Callendar, Managing Director, AXA IM, Qatar
Allocators Perspectives on Recruiting the Best in Class Managers
• Devising strategies for the manager selection process
• Employing quantitative analysis to understand how a given manager will affect the risk and returnof the fund’s portfolio
• Fundamentals analysis in selecting between various managers, their investment styles and how theywill perform in the future
Bill Grayson, President, FALCON GROUP
Padma Krishnan, Head of Asset Management, SOLIDARITY ISLAMIC INSURANCE AND ASSURANCECO., Bahrain
Sean Daykin, Head of Investment Funds, EMIRATES INVESTMENT SERVICES, UAE
SUNDAY, NOVEMBER 16, 2008 WORLD FINANCIAL MARKETS AND THE MIDDLE EASTERN INVESTOR
Opening Gala Dinneroin us for the official opening of GAIM Middle East to be held at one of Dubai’s prominent venues. The evening will create an outstanding networking opportunity exclusive to GAIM Middle East attendees, VIPs, media
and specially invited VIP guests from the Leaders in Dubai Business Forumdelegation.
EXCLUSIVEThe Responsibility of Business – Society Needs Businesses to Be Accountable
• The World Today: An overview of the worlds’ wealth distribution and its effect on global business and development
• Looking After Your Own: How investing socially in your community will develop the youth at your doorstep. Creating home grown talent to ensure sustainability, growth and continued success for yourorganization
• Redesigning Charity: The global economic impact of giving back to the poor to reduce the ‘rich-poor divide’ across the world for mutual gain
• Responsibility as a Core Competency: Why social responsibility is no longer a choice but an essential part of your global strategy
James Wolfensohn, Former President of THE WORLD BANK (1995 - 2005)
He was one of only three presidents in the World Bank’s history to be reappointed for a second five-year term. As President of the World Bank, he travelled to more than 120 countries in order topursue the challenges facing the World Bank in regard to poverty and environmental issues. He successfully led initiatives on debt reduction, environmental sustainability, anti corruptionprograms, and AIDS prevention and treatment. He developed activities on religion and culture and decentralized overseas offices, linking them by the most modern telecommunications system inthe international community. Prior to joining the World Bank, Mr. Wolfensohn was an international investment banker. His last position was as President and Chief Executive Officer of James
D. Wolfensohn, Inc., his own investment and corporate advisory firm set up in 1981 to work with major U.S. and international corporations.
Mr. Wolfensohn is Chairman of Wolfensohn & Company, LLC, a private investment firm and an advisor to corporations and governments. He became Chairman of Citigroup International Advisory Board onApril 18, 2006. He is also advisor to Citigroup’s senior management on global strategy and on international matters. James’ expertise in finance and investment alongside his sincerity and hope for developingnations to help themselves, make him an authority on the benefits, need and gain to be had in giving back to society and the environment.
5:30 Ahlan Wa Sahlan! Networking Reception with Desert Desserts – True Arabian hospitality at the heart of the regional business center!The Arabian culture is famed for its tradition of warm hospitality, focusing on welcoming travelers as well as one would welcome family. Join us at this sumptuous evening reception and enjoy the traditional welcome thatonly this region can offer.
Desert Desserts is a Bedouin themed evening reception that will help you relax in the company of your friends and peers. With a cold drink and a warm atmosphere, take an hour to kick back and enjoy some traditionalentertainment and sample a range of the delectable sweet local delicacies.Please contact Arben Jusufi at [email protected] or Tel: +971-4-407-2716 if you are interested in sponsoring this activity.
8:00 The 2nd Annual Middle East Business Achievement Awards and Gala Dinner
During an unrivalled celebration of excellence – meet and network with the leading lights of the Gulf business community. No other event gives you the opportunity to build therelationships that will enable you to access the incredible growth potential of this region.
As the economies of the Middle East develop at a rapid pace, so does the need to salute and reward industry leaders, high achievers and innovators.
The 2nd Annual Middle East Business Achievement Awards will recognize and reward outstanding success, innovation and ethics across Middle East business. The Awards will again honor Middle East industry leadersthrough the appreciation of innovative business processes, business excellence and overall business success, plus acknowledge publicly the vital contribution made by individuals and by companies to the vibrancy of businessin this region.
The MEBA Awards ceremony and gala dinner will be held at the InterContinental Hotel, Festival City, Dubai, UAE. Over 800 regional business leaders, Leaders in Dubai Business Forum speakers and attendees, VIPguests and senior Government representatives will gather to celebrate and recognize the accomplishments of this dynamic region.
MONDAY, NOVEMBER 17, 2008 VOLATILITY AND LIQUIDITY – GENERATING ALPHA IN 2009
8:00 Registration and Breakfast
9:00 Opening Remarks from Conference Chairperson
9:10 Shari’ah Asset Management: Significance of the Seeding Model toIncorporate Alternative Investment Structures within Islamic Law • Why the Dubai government/DMCC has taken a leadership role in Islamic Finance and
Shari’ah complaint hedge funds.• Shari’ah asset management: Demonstrating commitment; building a brand
• Dubai Shariah Asset Management (DSAM) – the power of partnership with Shariah Capital
Eric Meyer, CEO, SHARIAH CAPITAL, USA
Ian MacDonald, Executive Director, Gold, DMCC, UAE
9:30 The Investment Managers: Successfully Managing Hedge FundOperations in Accordance with Islamic law• Why a partnership with DSAM/DMCC is a unique opportunity• What is the attraction to offer a Shariah compliant product and what changes to
investment style have you made to accommodate Shariah?• How similar is performance to the conventional funds with similar strategies?
John Hathaway, Senior Manager Director, Portfolio Manger, TOCQUEVILLE ASSETMANAGEMENT, USA
Russell Lucas, Co-Founder, Portfolio Manager, LUCAS CAPITAL MANAGEMENT, USA
10:00 Panel Session: Shari’ah Focus – Islamic Alternative Investments• How important is Shari’ah compliance to GCC investors? • Performance is the bottom line – how do Shari’ah compliant funds
stack up against others?• Creative Islamic structured products and instruments – are they truly Halal?• Analyzing the latest attempts at establishing Islamic hedge funds
Eric Meyer, CEO, SHARIAH CAPITAL, USA
Mohammed Shaheed Khan, Senior Vice President, ISLAMIC FINANCE CO., UAE
10:20 Networking Break
11:00 Taking Advantage of Increased Volatility Resulting from the CreditCrunch and Lack of Market Liquidity• How will massive infusions of money from central banks affect the Dollar, Pound, and
Euro - what are the implications to currency exchanges and currency markets?• What are the implications of a lack of liquidity on commodities pricing – is there a
bubble, will it burst and when?• How will the rising socio-political concerns over the impact of food price shocks around
the world affect commodity investors and agriculture funds?
Sean Reynolds, Portfolio Manager, VAN ECK, USA
Michael Preiss, Associate Director, HSBC MIDDLE EAST, UAE
Anatoly Romanovsky, Investment Director, HERMITAGE CAPITAL, UK
Hani Kablawi, Managing Director Head of Middle East and Africa, BANK OF NEW YORKMELLON, UAE
11:35 Convergence of Business Models – Hedge Funds, Private Equity and RealEstate, Blurring the Lines in the Search to Achieve the Highest IRRs andIncrease AUM• How hedge funds may already be mimicking the PE model with respect to seeking board
seats and influencing management decisions made by companies• Structuring longer term investments to generate alpha in a world of shrinking returns
and larger sized funds• Convergence impact on investors’ desire and ability to diversity investments
Ken Lehman, Managing Director, KENDALL INVESTMENTS LLC, USA
Richard Dallas, Managing Director, Investments, GULF CAPITAL, UAE
12:05 How Leading Funds are Managing Their Balance Sheet and Exposure toCounterparty Risk
• Structuring terms of counter-party transactions to manage the risk profile of the fund
• Managing counterparty risk through effective operational due diligence and bestpractice risk management
• Examples of funds that had liquidity and counterparty issuesEric Lazear, Head of Operations, FIM, USA
Lauri Martin, Global Deputy Head of Structural Risk, UBP, USA
John M. Budzyna, Managing Director and Head of Hedge Fund Consulting, DEUTSCHEBANK SECURITIES, INC., USA
Hassan Nasser, Financial Compliance Director, DUBAI MULTI COMMODITIESCENTRE, UAE
12:35 Luncheon
1:45
EXCLUSIVEThe Uncertainty of Business – Investment, Transition and Crisis
• Opportunities versus Risk• Beyond The Big 4 • Crisis Management Before and After• Transition Management
Sir Win Bischoff, Chairman of CITI
Sir Win served as Citi’s acting Chief Executive Officer from November - December,2007, at the same time, maintaining his role of Chairman of Citi Europe. Hejoined the Company Finance Division of J. Henry Schroder & Co. Limited, London,in 1966. He was appointed Chairman in October 1983 and Group Chief Executive
of Schroders plc in December 1984. He was later appointed Chairman in 1995. Following theacquisition of Schroders' investment banking business by Salomon Smith Barney, Inc., a subsidiaryof Citi, he assumed the role of Chairman of Citi Europe in 2000. When Sir Win took overSchroders, it was valued at £30 million. In 2000 when acquired by Citi, it was worth £1.3 billion.Sir Win also acted as a non-executive Director of Cable and Wireless plc and subsequently DeputyChairman. His other non-executive directorships included IFIL – Finanziaria di PartecipazioniSpA, Italy and Siemens Holdings Plc.
2:30 Quick Fire Showcase of Hedge FundsPresent your fund to the GAIM Middle East audience, without using financial data. Afterthree minutes, a whistle will be blown, you will be judged by our expert panel on strategyand entertainment value. Three minutes to present, to persuade and entertain!
Track AAlternatives to Alternatives – A Strategies Showcase
Track B Traditional versus Emerging Markets
3:30 Achieving Higher Returns through Sustainable Development and EnvironmentallyDriven Investing• Techniques for integrating sustainability issues into portfolio investment decisions
• How does investing in sustainable development affect portfolio returns?
• Finding value in Cleantech and Carbon Credits – are these concepts financially sustainable, or merelypassing trends based on public perception of global warming?
Hilary Joy Kramer, Founder and CEO, GREENTECH RESEARCH LLC, USA
Selecting the Most Appropriate Jurisdiction – Middle East Domiciled Hedge Fundversus Offshore Alternatives• Is a Middle Eastern fund worth the trouble? • What are the payoffs for being domiciled in the Gulf?• Fund extension verses raising a new fund• Exploring the advantages of offshore alternatives Bermuda, British Virgin Islands, Cayman
3:45 Real Estate – Identifying the Pockets of Opportunity in the Middle East, Europe, the US andAcross the Globe• Examining the effects of the subprime crisis on the global real estate market
• Where is the market overvalued – in the Middle East, will the bubble burst?
Drew Fox, Senior Vice President, ING CLARION REAL ESTATE SECURITIES, USA
Waseem Anwer, Managing Director, CHICAGO CAPITAL GROUP, USA
Opportunities in Real Assets – Commodities, Agriculture and Infrastructure• How is investment and hedging of commodities and agriculture funds affecting the global
markets and global capital flows?
• Where are we in the commodities price cycle – is there still money to be made?
• Business models for infrastructure investment – PPP, equity, mezzanine finance
• Risk management in large scale infrastructure projects
• Comparing infrastructure investments in emerging and established markets
Nasir Hasan, ABU DHABI INVESTMENT COMPANY, UAE
Miguel Gutierrez, Partner - Head of Illiquid Strategies, THE ROHATYN GROUP, USA
4:00 Seeking Uncorrelated Betas Beyond Stocks and Bonds – Nanotechnology, Art Funds and OtherAlternatives to Alternatives• Pushing the boundaries of GCC alternatives in the search of profit potential
• Effective models for standardizing and commoditizing hard to value assets
• Is this a trend or will art funds be around after liquidity returns to the markets?
Keith Reid, Senior Manager, DAMAN SECURITIES, UAE
China Versus India – A Tale of Two Growth Engines• The engine of world growth in the coming decade?
• How can you gain access to the Chinese story?
• When will India join the ranks of global SWFs?
Viren Khanna, Principal, LUCROS ADVISORS, UAE
4:15 Dislocated Markets – Opportunities in Distressed Debt and Event Driven Strategies • Continued global implications from the US mortgage credit debacle for investment returns
• Are the further expected losses and who will bear them?
• Strategies to capitalize on dislocations
• How to evaluate opportunistic distressed funds investing in mortgage loans, securities, and CDOs?
• Clean-sheet of paper - investing in new operating companies focused on solutions
• Recapitalization of banks, financial institutions, and specialty finance companies
Ron D’Vari, Managing Director, BLACKROCK, USA
Robert Russell, Senior Portfolio Manager, AVENUE CAPITAL, UAE
Surpassing the Benchmark in Latin America: Brazil and Other Opportunities inCentral and South America• What is the macro economic picture in Latin America – is sustainable continued growth on
the horizon?
• Is there liquidity, depth and volatility beyond Brazil?
Lou Gerken, Chairman & CEO, GERKEN CAPITAL ASSOCIATES, USA
Alexander Gorra, Head of International Platform, BNY MELLON ARX, Brazil
4:30 End of Day Two
Developing an Efficient Family Office to Manage Your Investment ActivitiesRegional investment offices are now recognizing the urgent need to bring new levels of professionalismto the administration and investment activities of their family offices. With increasing regionalliquidity and an ever more challenging global economic outlook, those who are best positioned to takeadvantage of the opportunities available are sure to prosper in the long term.
This workshop will show you how to structure your family office and develop a professionalinvestment office that will stand the test of time and ensure sustained growth and effective riskmanagement.
Waseem Anwer, Managing Director, CHICAGO CAPITAL GROUP, USA
Francis Akpata, Head of Business Development and Investor Relations, ACROPOLIS CAPITAL PARTNERS LIMITED, UK
Structuring an Islamic Hedge FundThe Shari’ah compliant investment market is one of the largest growth areas in the investmentspace. Developing a truly Shari’ah compliant hedge fund has long been a challenge that investmentprofessionals the world over have striven to meet, with mixed results.
This powerful workshop will guide you through the latest developments in the Islamic hedge fundspace and show you how you can take a position in this market of unrivalled potential.
Mohammad Shaheed Khan, Senior Vice President, ISLAMIC FINANCE COMPANY, UAE
POST CONFERENCE WORKSHOPS AND NETWORKING
8:00 Registration and Breakfast
Operational Due Diligence Intensive – Strategies for Performing EffectiveDue Diligence• The operational risk/due diligence process• Pricing of hard-to-value securities• Managing liquidity and effectively monitoring cash movement of hedge funds
• Impact of Accounting Standards in the US – Understanding the reporting and disclosurestandards of FASB 157 and how it affects hedge funds and the operational due diligenceprocess.
Eric Lazear, Head of Operational Due Diligence, FIM, USA
Paul Tiranno, Vice President and Head of Operational Due Diligence, ING INVESTMENTMANAGEMENT, USA
Chris Addy, President & Chief Executive Officer, CASTLE HALL ALTERNATIVES, Canada
WORKSHOP C
WORKSHOP A 9:00 - 12:30 WORKSHOP B 9:00 - 12:30
WEDNESDAY, NOVEMBER 19, 2008 POST CONFERENCE WORKSHOP
TUESDAY, NOVEMBER 18, 2008
2:00 Afternoon Desert Safari
This off-road Arabian adventure takes you from the bustle of Dubai city to the desert of golden sand dunes. You will travel to the desertfrom your pick-up point in a luxury 4WD Land Cruiser and reach there in around 45 minutes. You will be driven across the dunes to afabulous Bedouin camp site where you will enjoy dinner and drinks under the relaxed Arabian sky while being entertained by a traditionalbelly dancer. On the way you will have opportunity to enjoy various activities including sand skiing, camel rides and desert hikes.
On any trip to a desert camp, the drive across the dunes to get there is as thrilling and enjoyable as the eventual destination!
Minimal additional charges may apply.If you are interested in sponsoring this activity please contact Arben Jusufi at [email protected] or Tel: +971-4-407-2716 .
Founding Sponsor:SHUAA Asset Management was established in March2001. It holds the longest investment track record inthe region with demonstrable performance. We
manage more than 18 funds and have over $1 bn of Assets Under Management from a range of investors. The area of investment coverage spans 15 organised Stock Exchanges in the Arab World and GCC countries,providing access close to a trillion dollars of market capitalization. The GCC markets comprise over two thirds ofthis market capitalization. Our strengths are demonstrated in a number of unique features. They go hand in hand with our products andservices:• Pan Arab - the only gateway to more than 15 regional stock exchanges • Favourite destination for international institutional clients. More than 70% of clients are foreign • Longest proven track record in the region • Award-winning performance • No change in fund manager since the beginning • Comprehensive proprietary buy-side research capability • Effective Risk management controls • Active portfolio management • Dynamic team of industry professionals • Streamlined and clearly defined multi-layer investment processSHUAA Asset Management has representation in three office locations worldwide, namely Dubai, Turkey andSaudi Arabia. www.shuaacapital.com
Gala Dinner Sponsor:
TNI is a privately owned regional investment banking group. The firm
comprises seven strategic business units covering investment banking,private equity, asset management, real estate, principal investments andinvestment research”. In addition, the firm has an associate company,
GNSC, which provides brokerage services as a registered member of the Abu Dhabi Securities Market (ADS) andthe Dubai Financial Market (DFM). As a regional firm TNI operates from Abu Dhabi and Dubai in the UAE and is currently developing operations inthe Kingdom of Saudi Arabia. The firm provides a wide range of investment, advisory and fund managementservices to a substantial client base that includes listed and unlisted companies, financial and governmentinstitutions and high net worth individuals. Over the last 13 years, TNI has been successful in positioning itselfamongst the region's most trusted and reputed financial institutions. With a proven track record across all of itslines of business, the firm ranks as the leading arranger of public share offerings with total transaction valueexceeding AED 10.6 billion. The firm focuses on delivering consistently superior results in line with its growingreputation as a regional leader. As the financial environment evolves, both regionally and globally, TNI’s goalremains unchanged: “guiding you towards success.” There is no other more powerful, cost effective, measurablemarketing medium than exhibiting and sponsorship. We have a selection of sponsorship packages available butopportunities at GAIM Middle East are strictly limited. To enquire about exhibiting or sponsorship please contact:
Platinum Sponsor:Global Investment House “Global”Global is a full-fledged investment company incorporated in 1998 with an underlyingfoundation is to meet the high expectations of local and international clients, and toenhance the investment service industry and the capital market in Kuwait and the region.Today, Global stock lists on the Kuwait Stock Exchange, Bahrain Stock Exchange, and
Dubai Financial Market. The company has been vigorous in developing the regional capital markets and hasmanaged several private placement transactions with a total amount exceeding USD 5.6 billion. In addition,Global acted as lead manager for several Bonds & Islamic Finance deals in access of USD 3 billion and as listingadvisor for various companies. On the asset management side, Global manages over 30 investment funds and theassets under management reached KD2.3 billion (USD8.6 billion) by the end 2007.The company's achievements have been recognized on local, regional and international levels. Global has recentlyreceived “Best Equity House in Kuwait” by Euromoney Magazine, “Deal of the Year Award” by The BankerMagazine and the "Best Investment House in Kuwait" by Islamic Finance Real Estate (IREF-ME).
Since 1928, Conyers Dill & Pearman has consistently providedresponsive, timely and thorough offshore law advice. The firm advises on
the laws of Anguilla, Bermuda, British Virgin Islands, Cayman Islands and Mauritius. Established in 2006, theDubai office provides advice on corporate and commercial law, with particular emphasis on hedge funds, privateequity funds, mutual funds, capital markets, project financing, insurance and reinsurance, securitisations andcommercial and private aircraft financing and registration. Level 2, Gate Village 4 • Dubai International Financial Centre • PO Box 506528 • Dubai, U.A.E.E
MF Global is the leading independent broker of futures and options and a well-establishedintermediary in the markets for other financial instruments around the globe. We provideexecution and clearing services for exchange-traded and over-the-counter derivative
products as well as for non-derivative foreign exchange products and securities in the cash market. MF Globalprovides a diversified client base–including corporations, financial institutions, hedge funds and other assetmanagers, professional traders, and private/retail clients–access to the world’s largest and fastest-growing financialmarkets. Through has affiliations with more than 70 financial exchanges and a network of trading desks on fivecontinents, clients are able to participate in financial markets around the clock. We are the leader by volume inmany of these markets and on a single day we execute an average of eight million contracts, more than many ofthe world’s largest derivatives exchanges.
Based in Abu Dhabi, Injaz Mena Investment Company PSC was established in2005 as a specialized investment bank. It is licensed and regulated as a financialinstitution by the Central Bank of the United Arab Emirates. The ownership of
Injaz Mena is distributed principally among members of the ruling family of Abu Dhabi, together with the Ali &Sons Group and other private and institutional investors. The company is active in the acquisition of companieswith strong growth potential, large scale real estate developments, establishing industrial facilities and in tradingpublicly listed equities. In addition, Injaz Mena offers its clients a range of services including asset management,corporate and project finance advisory, arrangement of equity and debt through placement in the private andpublic capital markets. For more information please visit: www.injazmena.com
SPONSORS AND MEDIA PARTNERS
Gold Sponsors:
Investment Community Partner
Media Partners:
Official Islamic FinancePublication
Zawya is an online business information and community platform focused on the Middle East. Headquartered in Dubai, Zawya has a global user base of over 350,000+ high-end business professionals.
Zawya covers detailed information on the top 12,000+ companies in the Middle East with comprehensive live news coverage through the exclusive Zawya Dow Jones newswire service. Furthermore, the service
provides industry news, macroeconomic reports, country statistics, stock market data as well as specialized databases such as IPO, Sukuk, Mutual Funds, Projects and Private Equity monitors.
In addition to subscription services, Zawya offers advertisers the ability to target the most affluent online audience with an interest in the MENA region. Zawya's online service caters to and attracts only serious professional users and
decision makers as it has the only fee paying user base in the region. Visit us today at www.zawya.com
Investorin partnership with
Sponsorship and Exhibition Opportunities at 2nd Annual GAIM Middle East
SponsorshipSponsoring GAIM Middle East provides a targeted approach to promoting your corporate image, products and services as well as creating greater market awareness.
ExhibitionGAIM Middle East is the ultimate networking arena within this industry. Through the exhibition, you will have the opportunity to associate your brand with this exceptional and exclusive event, and present your newproducts and services to new as well as already existing clients that will attend this forum.
For more information on sponsorshop and exhibition opportunities please contact: Arben Jusifi on E-mail: [email protected] or Tel: +971-4-4072716
