The InvestHedge Forum 2012 Programme

The pursuit of performance

2 & 3 OctOber 2012 | british museum | lOndOn

InvestHedge

asset management

FORUM 2012

Lead sponsors

Co sponsors

Programme

www.hedgefundintelligence.com/IHF12

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Absolute ReturnAbsolute Return

After at least a decade of investing in hedge funds mostly via multi-manager vehicles, many institutional investors have been starting to invest directly in hedge funds or use their fund of hedge funds providers as advisers, rather than managers. This evolution is forcing all hedge fund advisers to be clearer and more focused on what they offer.

Welcometo the InvestHedge Forum 2012

Niki Natarajan editorInvestHedge

InvestHedge Forum 2012 | Programme 3

Welcome 3

At a glance programme 4

Day 1: 2 October 2012

Morning sessions 6-11

Keynote: Martin Källström 9

Keynote: Dame Amelia Chilcott Fawcett 12

Afternoon sessions 13-21

Day 2: 3 October 2012

Morning sessions 23-31

Keynote: Ash Williams 27

Afternoon sessions 33-34

Main sponsors 35

Associate sponsors 36-38

Exhibitors 39-40

Endorser 41

ContentsThis year’s InvestHedge Forum is packed with sessions tackling the needs of investors including: the art of due diligence; constructing the optimal portfolio; how to make the most of customisation; as well as a session on consultants – and whether or not they are a Trojan horse that will destroy funds of funds, or the New Age saviour.

We have gathered the best of the hedge fund investing industry to discuss where the opportunities lie and what it takes to invest in hedge funds for the long term.

Knowing which strategies are in vogue is as important as knowing how to play them, and so we are hosting sessions on long/short equity, credit, global macro and commodity trading advisers – which are vital to the investors’ knowledge base.

Despite hedge funds now being part of the mainstream investor’s portfolio, the issue of performance is back in the spotlight. Where performance can be found, how it is measured and benchmarked is critical to investing in hedge funds successfully.

The question of M&A will also be addressed. Is the hedge fund and fund of funds industry now only about size? How can a buyer be sure the assets stay after the sale?

To allow us to focus in greater depth on more specific investor-related issues, we have also introduced asset manager-sponsored workshops.

We would like to welcome our keynote speakers. Martin Källström and Ash Williams will give us a glimpse into the mind of the institutional investor – what standards they hold high, what they are looking for in terms of investments, and the challenges they face when investing in hedge funds. Dame Amelia Chilcott Fawcett of the Hedge Funds Standards Board will talk about rebuilding trust in capital markets and the financial industry and the important role of knowledgeable investors in driving better hedge fund standards globally.

We encourage you to make the most of your time at the event. There will be an opportunity towards the end of each session to ask questions. Please also take time to visit the exhibition stands.

Please join us on Tuesday evening for the cocktail reception in the Enlightenment Gallery where you can enjoy a private viewing of Shakespeare: staging the world.

We would like to take this opportunity to thank our sponsors, exhibitors and speakers who have helped to make this event possible. We hope you enjoy the InvestHedge Forum.

11.00 - 11.45

10.15 - 11.00

Day one at a glanceTuesday 2 October 2012

09.30 - 10.15

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4 InvestHedge Forum 2012 | Programme

When What Where Page

12.15 - 13.00

13.00 - 13.45

15.00 - 15.45

15.45 - 16.30

16.30 - 17.00

17.00 - 17.45

17.45 - 18.30

18.30 - 20.30

11.45 - 12.15

13.45 - 15.00

Doors open, registration and breakfast East and West Foyers

Revealed: The secrets of making macro work BP Theatre 6

Lies, damned lies & statistics: The truth about performance BP Theatre 7

Coffee break East and West Foyers

Keynote speaker: Martin Källström, AP1 BP Theatre 9

CTAs & quant strategies: The ultimate must-have for BP Theatre 11non-correlated returns?

Lunch East and West Foyers

Keynote speaker: Dame Amelia Chilcott Fawcett, BP Theatre 12Hedge Fund Standards Board

Is risk management and transparency killing performance? BP Theatre 13

Digging beyond the obvious: How superior due diligence Stevenson Theatre 15distinguishes the authentic amidst imposters and the outright absurd


Long/short equity: Is it ‘no longer working’? Who has the ideas BP Theatre 17that still make it compelling?

Portfolio alchemy: How to mix the perfect portfolio Stevenson Theatre 19

Consultants: Trojan horse or modern day saviour? BP Theatre 21

Cocktail reception with a private viewing of shakespeare: staging the world The British Museum is staging a major exhibition on the world of Shakespeare, in collaboration with the Royal Shakespeare Company. The exhibition provides a unique insight into the emerging role of London as a world city, seen through the innovative perspective of Shakespeare’s plays.

Enlightenment Gallery

Day two at a glance

Day

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Wednesday 3 October 2012


Doors open and breakfast East and West Foyers

The art of hedge fund investing: Where do hedge funds fit in? BP Theatre 23

Managed accounts: Taking control over hedge fund investing Stevenson Theatre 25

Keynote speaker: Ash Williams, Florida State Board of Administration BP Theatre 27


Credit & distressed: The epicentre of hedge fund returns for BP Theatre 29an era of deleveraging?

Global macro at work: Gearing up for global uncertainty BP Theatre 31

Lunch East and West Foyers

Are customised portfolios the 21st century funds of funds? BP Theatre 33

Survival of the biggest: The way of M&A BP Theatre 34

Close

09.00 - 09.45

10.30 - 11.00

12.30 - 13.45

15.15

11.00 - 11.45

11.00 - 11.45

11.45 - 12.30

11.45 - 12.30

13.45 - 14.30

13.45 - 14.30

14.30 - 15.15

14.30 - 15.15

09.45 - 10.30

08.30 - 09.00

When What Where Page

For your comfort and safety at this event please pay attention to the health and safety briefings• Fire/Emergency – in the event of an emergency, all visitors must leave the premises

immediately via the nearest safe exit and report to the designated assembly point. Do not re-enter the premises until you are advised it is safe to do so.

• Report all accidents/incidents to a member of our team.

• If you feel ill or are in any discomfort please let us know.

• Notify us of any allergies and let us know if you have a disability that would make it difficult for you to leave the building in an emergency.

• The local emergency number is 999.

What are the advantages to institutional and retail investors Stevenson Theatre allocating to alternative UCITS?

Who has the best strategy ideas for alternative UCITS today? Stevenson Theatre What is the impact on markets, regulation or the UCITS wrapper itself?

How to attract assets into alternative UCITS. Are platforms Stevenson Theatre the solution? Or is a new distribution model needed?

The future: Alternative UCITS and the onshore hedge fund Stevenson Theatre industry in 2020

The Absolute UCITS Conference will run concurrently with day two of the InvestHedge Forum. Registered delegates of the InvestHedge Forum will have access to this event.

Steven Bell GLC Steven Bell is a director of GLC, the long-established hedge fund company based in London. He is principal portfolio manager of its Global Macro Fund, with AUM of over $500 million. Steven started his City career 25 years ago as chief economist for Morgan Grenfell, then Deutsche Morgan Grenfell, Deutsche Bank and Deutsche Asset Management. His macro hedge fund experience came in the five years before he joined GLC, when he was fund director of Deutsche’s asset allocation funds. Steven has Economics degrees from the London School of Economics and Stanford University and was an Economic Adviser at the Treasury.

Tim Bond Odey Asset Management Tim Bond currently works at Odey Asset Management, engaged primarily in the economic and general strategy research roles for both the private wealth and institutional sides of the business. Tim joined Odey in September 2010 from Barclays Capital. He worked at Barclays Capital for 12 years, starting in early 1998. Prior to Barclays, he worked at Moore Capital and spent 10 years at Tokai International, a proprietary trading and advisory boutique owned by Tokai Bank. Over the three years between leaving Oxford and starting at Tokai, Tim worked as a Eurobond trader. He is 48 years old, married, with three children. Tim was educated at Tonbridge School and Oriel College Oxford, where he gained a BA Honours in English Literature.

Ben Funk Liongate Capital Management Ben Funk is a managing director and the head of research at Liongate Capital Management. Ben oversees qualitative research and quantitative risk management at Liongate. Formed in 2003, Liongate is an investment management and research firm specialising in portfolios of hedge funds. Liongate serves its clients through its offering of multi-strategy and strategy specific funds of hedge funds and tailored offerings. He was previously at Morgan Stanley. Ben studied first at Purdue University, holds a Master of Business Administration from the University of Stockholm, and earned his Master of Research and PhD at London Business School.

George Papamarkakis North Asset Management George Papamarkakis is a co-founder, managing partner and chief investment officer at North Asset Management (North). North is an alternative asset management company based in London and founded in 2002. George manages North’s flagship fund the MaxQ Fund, an uncorrelated alpha macro fund. Formerly he was managing director at Morgan Stanley within the fixed income department where he was instrumental in developing its proprietary trading franchise and risk profile in derivatives, fixed income and foreign exchange in the European time zone. George studied Political Science and International Relations at University of Athens, Law Department.

Neil Wilson HedgeFund Intelligence Neil Wilson is managing editor at HedgeFund Intelligence with responsibility for all of the group’s publications including EuroHedge, AsiaHedge, InvestHedge and Absolute Return, their associated weekly online news services, round tables and special reports. Neil has more than 25 years’ experience as a financial journalist, mainly specialising in derivatives and alternative investments. Neil was formerly European editor of MAR/Hedge, editor of Futures & Options Week, editor of Futures and Options World and assistant editor of The Banker.

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Revealed: The secrets of making macro work

Has transparency and political intervention taken the edge off global macro, or are there managers out there still able to find pockets of performance? How do they do it? What’s the story in Europe, who will be the next to fall and will they ever be allowed to fail? Who is in charge – politicians, regulators or the financial centres and will the PIIGS ever fly again? What are the strategies for exploring stressed and distressed opportunities in Europe and beyond?

10.15DAY ONE | MORNING

Robert Kosowski Imperial College London Robert Kosowski is associate professor in the finance group of Imperial College Business School, Imperial College London, and director of the Risk Management Lab. Imperial has around 13,500 full-time students, 3,330 academic and research staff and is consistently ranked among the top universities in the world. Robert is an associate member of the Oxford-Man Institute of Quantitative Finance at Oxford University and a member of AIMA’s and PRMIA’s research committees. He has consulted for private and public sector organisations and has worked for Goldman Sachs, the Boston Consulting Group and Deutsche Bank. His policy related advisory work includes: specialist adviser to UK House of Lords, and expert technical consultant at the International Monetary Fund, USA. Robert holds a BA, First Class Honours, and MA in Economics from Trinity College, Cambridge University, and an MSc in Economics and PhD from the London School of Economics.

Roxanne Martino Aurora Investment Management Roxanne Martino is the partner, president, chief executive officer, and portfolio manager at Aurora Investment Management LLC. She is responsible for monitoring and supervising the Firm’s investment activities. Aurora provides hedge fund of fund investment management and advisory services, and had over $10.5 billion in assets as of 1 June, 2012. Prior to joining Aurora in 1990, she worked at a multi-manager alternative investment firm, and at Coopers & Lybrand, focusing in the commodities and securities area. Roxanne received a BBA from the University of Notre Dame and an MBA from the University of Chicago.

Ian Prideaux The Grosvenor Estate Ian Prideaux manages the Grosvenor Estate’s non-property investment portfolio. This includes long equity and bond portfolios, commodity, hedge fund and private equity investments. He is responsible for asset allocation and manager selection, investments being managed externally. Ian has been with Grosvenor since 2006, and was previously at HSBC Private Bank, SG Warburg (now UBS) and Price Waterhouse (now PwC).

Mike Weston DMGT Pensions Office Mike Weston became the in-house chief investment officer for the pension schemes of DMGT in 2009. He has responsibility for investment strategy and the performance of the scheme’s broad range of external asset managers, including the allocation to hedge funds. For the previous 20 years Mike worked as an investment director in the City managing institutional equity portfolios at asset management firms such as Hermes and Merrill Lynch Investment Managers. Mike holds an MBA from Cranfield School of Management and graduated from Cambridge University with an MA in Natural Sciences.


Lies, damned lies & statistics: The truth about performance

A pension fund that invested in a fund of hedge funds in 2008 is going to believe that the performance has been appalling, but is that the full picture? How have the other asset classes performed? Did the fund buy protection or performance? Is the portfolio benchmarked correctly? Are the hedge funds in the right part of the portfolio? Over time do the investments look better? Is it about timing? What do investors really want? How can hedge funds be used properly to maximise performance?

11.00DAY ONE | MORNING

Niki Natarajan InvestHedgeNiki Natarajan is publisher and editor of InvestHedge and has more than 17 years’ experience as a financial journalist, specialising in investment management. Niki joined HedgeFund Intelligence in 2002 from Financial News, where she launched the hedge fund and securities finance coverage. She was formerly launch editor of Global Fund News, editor of Foreign Exchange Letter and a reporter on Global Money Management, all Institutional Investor newsletters. Niki has also contributed articles on these subjects to the Financial Times and the Handbook of World Stock, Derivative and Commodity Exchanges.

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Keynote speaker12.15

Thomas Raber Alvine CapitalThomas Raber is the managing director and founder of Alvine Capital. Before founding Alvine in 2005, Thomas was a partner and managing director of Key Asset Management (UK) Ltd for seven years. Prior to this he was executive vice president and the European head of fixed income sales for Banque Nationale de Paris in London and executive director in the fixed income and equity departments at Lehman Brothers in London and Geneva for over 10 years. He started his career in the fixed income department at CSFB in London and New York. Thomas holds a MBA from the University of Chicago Booth School of Business and a BA in Economics from Boston University.

Introduced by

Martin KällströmAP1

Martin Källström is the portfolio manager responsible for hedge fund investments ($1.6 billion) at AP1.

AP1 manages $35 billion worth of assets and is part of the Swedish state pension system. Martin has researched hedge funds in different capacities for close to 10 years. Prior to heading up the hedge fund portfolio, he was responsible for the private equity portfolio at AP1 with fund commitments of $1.8 billion. Before joining AP1 he was head of investment and actuarial consulting at Aon in the region and a member of the global investment practice committee.

Martin began his career as an actuary at Watson Wyatt and holds a Masters in Finance from Stockholm School of Business.

Martin will assess “the most important things” when investing in hedge funds; about portfolio construction, the critical importance of being strategic, thoughtful, and brave.

DAY ONE | MORNING

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Ewan Kirk Cantab Capital Partners

Dr Ewan Kirk is chief investment officer and partner at Cantab Capital Partners LLP. His daily focus is research and development, risk management and managing Cantab’s quantitative team. Cantab Capital Partners is a $3.6 billion systematic global macro hedge fund manager based in Cambridge, UK. Ewan previously ran the 120 strong Goldman Sachs Strategies Group in Europe, where he was responsible for all of Goldman Sachs’ quantitative technology. Ewan has a PhD in Mathematics (General Relativity) from Southampton University, a Certificate in Advanced Study in Applied Mathematics from Cambridge University and achieved a First Class degree in Natural Philosophy and Astronomy at Glasgow University.

Bernd Scherer FTC Capital

Dr Bernd Scherer is chief investment officer at FTC Capital, a well established Vienna-based managed futures company. Previously he was Professor of finance at EDHEC and managing director at Morgan Stanley, London. Bernd has published more than 50 papers in academic journals including the Journal of Banking and Finance, Journal of Empirical Finance, Journal of Financial Markets, Journal of Economics and Statistics, as well as in practitioner journals like Financial Analysts Journal, Journal of Portfolio Management. He authored or edited eight books on quantitative finance, including the Oxford Handbook of Quantitative Asset Management. Bernd is a reviewer in prestigious international finance journals and wrote several contributions for the Financial Times.

Mikael Stenbom RPM Risk & Portfolio Management

Mikael Stenbom is the CEO and majority owner of RPM Risk & Portfolio Management AB in Stockholm, Sweden. In addition to general management duties, he is the chairman of RPM’s Investment Committee. RPM, founded in 1993, is a specialist investment and risk manager with a strict focus on managed futures. Currently, RPM manages 15 investment mandates totalling approximately $1 billion and additionally acts as risk manager and risk monitor for approximately $4 billion. Mikael has served as the company’s CEO since its inception. Previous positions include CEO of a Scandinavian management consultancy firm and marketing director of Stockholm’s Optionsmarknad OM AB (OMX). Mikael is a graduate of the Stockholm School of Economics and the Royal Naval Academy in Sweden.

Thomas Weber LGT Capital Partners

Thomas Weber is a founding partner and CIO/head of hedge fund investment management at LGT Capital Partners which he joined in 1989. LGT Capital Partners is one of the world’s leading multi-alternative investment firms, which currently manages over $40 billion of assets in alternative asset classes and multi-asset solutions. Thomas holds an MBA in Finance from Georgia State University, which he earned on a Fulbright Scholarship and a PhD in Business Administration from the St. Gallen Graduate School of Business (HSG).


CTAs & quant strategies: The ultimate must-have for non-correlated returns?

Returns may have been tepid in recent years (post-2008) but when the equity markets have tanked, commodity trading advisers and other quant strategies have generally been among the best at preserving capital and delivering returns – such as most recently in May 2012. Will these strategies continue to be best at delivering non-correlated returns?

13.00 DAY ONE | MORNING

James Skeggs NewedgeJames Skeggs is the head of research, EMEA for Newedge Alternative Investment Solutions with responsibilities for the development of investor-focused research on a wide variety of hedge fund strategies including managed futures, global macro, commodity, currency, and volatility trading. James has written papers on a variety of subjects including the performance characteristics of these strategies, and various portfolio construction questions. He spearheaded the launch of a number of strategy indices, and has designed customised performance and risk reporting for managed account investors. He is a regular participant at industry conferences and events, and is frequently published or quoted in journals and the media. James has a BSc (Hons) in Chemistry from Durham University, is a CAIA designee, and worked for Ruffer LLP prior to joining Newedge.

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DAY ONE | AFTERNOON

Nick Evans EuroHedgeNick Evans is editor of EuroHedge. He has been a financial journalist since 1987, specialising in capital markets, investment banking and asset management. Between 1989 and 2000 he was editor of Euroweek, the weekly newspaper covering the international capital markets published by Euromoney Institutional Investor plc. Nick was subsequently editor-at-large of Euromoney magazine and editor of Global Agenda, the magazine of the World Economic Forum’s Annual Meeting in Davos, Switzerland. He joined HedgeFund Intelligence Ltd as a director in February 2004 and became editor of EuroHedge in September 2004.

Introduced by

Dame Amelia Chilcott FawcettHedge Fund Standards Board

Dame Amelia Chilcott Fawcett is the chairman of the Hedge Fund Standards Board in London. She is also chairman of the Guardian Media Group plc in London, a non-executive director of State Street Corporation in Boston, Massachusetts and a non-executive director of Investment AB Kinnevik in Stockholm.

Between 2007 and 2010, Amelia was chairman of Pensions First, a financial services and systems solutions business. She began her career at the US law firm of Sullivan and Cromwell. She joined Morgan Stanley in London in 1987 and was appointed vice chairman in 2002. She stepped down from her executive role in October 2006 and was a senior advisor to the firm until April 2007.

Amelia is a governor of London Business School, a commissioner of the UK-US Fulbright Commission, and a trustee of Project HOPE UK. Amelia was appointed a Dame Commander of the British Empire in the 2010 Queen’s Birthday Honours List for services to the financial services industry, in addition to being awarded the CBE in 2002, also for services to the financial industry. She received the Prince of Wales’ Ambassador Award in 2004 and an honorary degree from the American University in London (Richmond) in 2006.

Amelia has a degree in History from Wellesley and a Law degree from the University of Virginia. She was admitted to the New York Bar in 1984. Amelia’s interests include fly fishing, sailing, hill-walking and history, and she sailed across the Atlantic in 2006 to raise £250,000 for Breakthrough Breast Cancer.

Amelia will speak on rebuilding trust in capital markets and the financial industries, the important role of knowledgeable investors and driving better standards globally


Luke Ellis FRM

Luke Ellis is CEO and CIO of FRM and a member of the Man executive committee. FRM is a leading alternative investment management business. With a broad range of funds for institutional and private investors globally, it is known for its performance, innovative product design and investor service. FRM FUM is $19.5 billion as at 17 July 2012. Prior to assuming his current role, Luke was head and CIO of Man’s multi-manager business, which combined with FRM in July 2012. Luke will be responsible for continuing to build the FRM range of investment solutions for private and institutional clients, and further developing Man’s leading position in structured products, funds of funds, managed accounts and tailored portfolios.

Pierre Sequier Exane Asset Management

Pierre Sequier is the CEO of Exane Asset Management. Paris based, Exane Asset Management specialises in managing European long/short equity funds. The company manages $4.8 billion in a comprehensive range of sector specific investment funds which are managed with a fundamental and market neutral approach. Pierre started his career in 1990 at CCF (now HSBC France). He joined Sinopia Asset Management (HSBC group) in 1994 as a portfolio manager. In 1999 Pierre became head of research and development and CIO in 2002 when he was involved in absolute return investments. He was appointed CEO in 2007.

Julian Shaw Permal Group

Julian Shaw is head of risk management for the Permal Group, responsible for all risk management activities, fund derivative structuring and strategic portfolio advice to Permal clients, especially institutions such as pension funds and asset management companies. Julian joined the Permal Group from Barclays Capital in 2004 where he was global head of market risk. Prior to Barclays, he was the quantitative analyst at Gordon Capital (market makers for Canadian stock index futures and options). He later joined CIBC as vice president for new products on the fixed income derivatives desk. Julian has a Master’s degree in Mathematics and is a Chartered Financial Analyst.

Hilmi Ünver Notz Stucki

Hilmi Ünver is a partner and CIO – head of alternative investments at Notz Stucki. He is also a member of the investment committee of Haussmann Holdings, a fund of funds that was co-founded by Notz Stucki in 1974. Founded in 1964, Notz Stucki & Cie is one of the pioneering firms in alternative investing and multi-management. It is one of the leading and fully independent asset management group in Europe with a global presence and assets in excess of $6 billion. Prior to joining Notz Stucki, Hilmi was a partner in charge of the alternative business at Octogone Gestion. Previously, he worked at Republic National Bank of New York and Lombard Odier. Hilmi holds a BBA from Hofstra University in New York. He is a passionate photographer.

Is risk management and transparency killing performance?

Institutional investors are doing everything they can not to get burned. They want all the risk management and transparency they can get, and the managed account industry is thriving because of this fear. But is this fear killing the golden performance goose? Can investors have it all?

15.45 DAY ONE | AFTERNOON

Neil Wilson HedgeFund Intelligence Neil Wilson is managing editor at HedgeFund Intelligence with responsibility for all of the group’s publications including EuroHedge, AsiaHedge, InvestHedge and Absolute Return, their associated weekly online news services, round tables and special reports. Neil has more than 25 years’ experience as a financial journalist, mainly specialising in derivatives and alternative investments. Neil was formerly European editor of MAR/Hedge, editor of Futures & Options Week, editor of Futures and Options World and assistant editor of The Banker.

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Aurora Investment Management Since 1988, Aurora Investment Management has applied a consistent investment philosophy, a commitment to superior due diligence, and a disciplined investment process in delivering hedge fund solutions to institutional and high net worth clients.

Experienced Team, Consensus Approach A key element of our investment process is our retention of critical judgments at the most senior level, with our most senior professionals consistently interacting with their counterparts at underlying hedge funds. The Firm’s nine-person Investment Committee is at the point on sourcing and selecting managers, allocating capital among managers, and performing ongoing due diligence.

Deep Due Diligence Our proprietary database includes profiles on over 9,000 managers. Our due diligence process includes rigorousinvestment, operational, and quantitative analysis of each manager, producing meaningful, timely, and actionable intelligence.

Customized Portfolio Solutions For an investor seeking a customized hedge fund program, Aurora offers a comprehensive asset allocation, duediligence, and risk management solution. Aurora will design, implement, and risk manage a customized portfolio, levering our capabilities to meet the unique needs of each client.

As stewards of our clients’ capital, we

focus on identifying, evaluating, and

investing in the best hedge fund

managers around the world.

300 North LaSalle Street, 52nd Floor Telephone: 312.762.6733Chicago, IL 60654 [email protected]

www.AuroraLLC.com

David Kuenzi Aurora Investment Management

David Kuenzi is director of risk management and quantitative research for Aurora Investment Management, LLC, where he is responsible for developing quantitative and risk models, portfolio risk oversight, and functions related to overlay hedging and risk analysis. Aurora provides hedge fund of fund investment management and advisory services, and had over $10.5 billion in assets as of 1 June 2012. David received a BA from Western Michigan University, an MFA from the University of Iowa, an MBA in Analytic Finance and International Business and an MS in Financial Mathematics from the University of Chicago, and is a Chartered Financial Analyst.

Anne Marie Morley Aurora Investment Management

Anne Marie Morley is partner and managing director of operational due diligence at Aurora Investment Management, LLC. Her duties include evaluating and analysing the operations and controls of both existing and prospective hedge fund managers. Aurora provides hedge fund of fund investment management and advisory services, and had over $10.5 billion in assets as of 1 June 2012. Prior to joining Aurora in 2006, she held positions at Grosvenor Capital Management, LaSalle Portfolio Management and Edelman Public Relation. Anne received her BS in Accounting and an MS in Taxation from DePaul University.

Roxanne Martino Aurora Investment Management

Roxanne Martino is the partner, president, chief executive officer, and portfolio manager at Aurora Investment Management LLC. She is responsible for monitoring and supervising the firm’s investment activities. Aurora provides hedge fund of fund investment management and advisory services, and had over $10.5 billion in assets as of 1 June, 2012. Prior to joining Aurora in 1990, she worked at a multi-manager alternative investment firm, and at Coopers & Lybrand, focusing in the commodities and securities area. Roxanne received a BBA from the University of Notre Dame and an MBA from the University of Chicago.

Scott Schweighauser Aurora Investment Management Scott Schweighauser is a partner and the chief investment officer at Aurora Investment Management, LLC. His duties include evaluating and analysing both existing and prospective managers, their investment strategies and their risk controls. Aurora provides hedge fund of fund investment management and advisory services, and had over $10.5 billion in assets as of 1 June 2012. Prior to joining Aurora in 1994, he held positions at ABN AMRO Bank, Continental Bank, and Bankers Trust Co. Scott received his BA in Mathematics from Williams College and an MBA in Finance from the University of Chicago.


Digging beyond the obvious: How superior due diligence distinguishes the authentic amidst imposters and the outright absurd

What does effective due diligence look like? How can investors identify firms that integrate qualitative, quantitative and operational investment expertise among firms that inaccurately represent themselves? Will the drive to cut fees result in corners being cut in due diligence? And will this result in a painful surprise for investors? The Aurora team will lead this interactive workshop and share what they have learned in 25 years of performing hedge fund due diligence.

15.45DAY ONE | AFTERNOON


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Long/short equity: Is it ‘no longer working’? Who has the ideas that still make it compelling?Recent years have been very difficult for long/short equity strategies, with returns generally being low to nonexistent over the past five years, and with rising correlation to markets – leading many investors to lose faith in the ability of the strategy to deliver in such a macro-driven market. But some managers have still been able to deliver strong positive returns during this period – and this panel will feature some of them, who will talk about how they have been achieving such returns, as well as the opportunities they see and their strategies for the future.


William Donzeiser Royal Bank of ScotlandWilliam Donzeiser is the head of equity prime services and delta1 index trading in the Americas for the Royal Bank of Scotland. He joined the Royal Bank of Scotland in 2006 as head of synthetic products for the Americas. In 2009 William assumed the role of head of equity delta 1 and financing, Americas responsible for synthetic prime services including delta1 flow and structured OTC products, securities lending, as well as index and ETF trading. His role was further expanded in 2012 to include global oversight of the equity prime hedge fund and investor offering. Prior to joining RBS, William worked at Bank of America in New York for seven years in its equity derivatives division and eventually prime brokerage business and had held various positions within Bankers Trust Co.

Moderator

Leonard Charlton Dalton Strategic Partnership

Leonard Charlton joined Dalton Strategic Partnership as a partner in 2006 to launch and manage the Melchior European Fund, an equity long/short strategy which has generated low volatility, positive returns every year with low correlation, low leverage and high alpha. Dalton Strategic Partnership is an independent, global investment management firm with AUM of $2.1 billion, as of 30 June 2012, which is dedicated to enhancing and preserving clients’ capital. Leonard started his career as an equity trader for Goldman Sachs in 1998 before moving to GLG in 2003 where he was co-manager of the GLG European Opportunity Fund in 2004/2005.

Russell Clark Horseman Capital Management

Russell Clark is a partner and fund manager at Horseman Capital Management, an investment company that specialises in managing long/short equity hedge funds. Russell has been responsible for the management of the multiple award-winning Horseman Emerging Market Opportunities Fund since its launch in October 2006, until 31 December 2009. He took responsibility of the Horseman Global Fund on 1 January 2010. Russell has a Bachelor degree, Honours, in Economics and a Bachelor degree in Asian Studies from the Australian National University. He became a CFA Charterholder in 2004.

Fehim Sever Marshall Wace

Fehim Sever joined Marshall Wace in October 2008 and is the product manager of the award winning MW Global Opportunities strategy (global long/short equity fund). He was made a partner of Marshall Wace in December 2011. Founded in 1997, Marshall Wace is a global asset manager offering a diverse set of alternative, long-only and bespoke investment solutions to a broad range of investors. AUM as at 1 August 2012 totalled $6.8 billion. Prior to this, Fehim spent seven years at Fidelity Investments, initially as an analyst and subsequently as manager of long-only and 130/30 funds. Fehim holds an MBA from the University of Michigan and a BA from Bogazici University.

Rick Sopher LCF Edmond de Rothschild Asset Management

Rick Sopher is the chairman of LCH Investments NV, the first multi-manager fund of hedge funds, launched in 1969. He is also managing director of LCF Edmond de Rothschild Asset Management Ltd and in 2012 became a director of a newly formed strategic alliance with RIT Capital Partners, which is headed by Lord (Jacob) Rothschild. Rick heads investment management of LCH and other funds in the Capital Holdings Group. Prior to this, he was a partner at BDO Stoy Hayward responsible for corporate finance investigations. He was with that firm from 1981 to 1993, qualifying as a chartered accountant and becoming the youngest ever partner of the firm in 1988. Rick graduated from Cambridge University with a BA and MA in Economics in 1981. He was awarded the Chevalier de la Legion d’Honneur in 2007.

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www.aberdeen-asset.co.uk

Issued by Aberdeen Asset Managers Limited, 10 Queen’s Terrace, Aberdeen AB10 1YG. Authorised and regulated by the Financial Services Authority in the United Kingdom. Source: Aberdeen Asset Managers Limited, as at 30 June 2012.A

FOR PROFESSIONAL INVESTORS ONLY - NOT FOR USE BY RETAIL INVESTORS

We understand that consistency is important to you.

We’ve already been recognised for ours.

We are an award winning, independent, global hedge fund investor with over £3 billion of hedge fund assets under management.A

The team has an established performance track record of over 14 years expertise in a wide range of strategy disciplines, covering both UCITS and offshore structures.

Our primary focus is the understanding, monitoring and active management of risk and we employ our longstanding, rigorous due diligence procedures in every investment we make.

We construct portfolios so that the risk exposures and market sensitivities are appropriate for our clients’ longer-term investment objective. We also add value through active investment to reflect shorter-term market views and opportunities.

To learn more about our capability, come along to our Portfolio Alchemy workshop at the InvestHedge Forum on 2 October 2012.

For more information on our hedge fund capability please contact [email protected]

08461_0912_INVHEDGE_ADV.indd 1 17/09/2012 15:49

Christian Howells Aberdeen Asset Management

Christian Howells is product specialist at Aberdeen Asset Management, where he focuses primarily on the fund of hedge funds business. Christian is responsible for the detailed communication and development of the investment products and service offered to investors. Aberdeen Asset Management PLC is a pure asset management company and only manages assets for third parties, allowing it to focus solely on their needs. It manages £183 billion of third-party assets from its offices around the world, as at 30 June 2012. Christian graduated with a BSc degree in Microbiology from the University of Bristol and holds the Advanced Financial Planning Certificate (focused on investment management).

Andrew McCaffery Aberdeen Asset Management

Andrew McCaffery is global head of hedge funds where he is responsible for the fund of hedge funds business and is chairman of the hedge fund investment committee within Aberdeen’s alternative investment strategies division. Andrew joined Aberdeen in 2011 from BlueCrest Capital Management, where he was a founder member of the alignment investors division. Prior to joining BlueCrest in 2008, Andrew was head of absolute return strategies at Aberdeen. Before that, he was CEO of Attica Alternative Investments Limited in London, a fund of hedge funds business. Prior to that, Andrew was a managing director at UBS overseeing global coverage of hedge fund investors, having been an architect of the investment bank’s hedge fund business planning and also a member of its proprietary risk committee.

Subhra Tripathy Aberdeen Asset Management

Subhra Tripathy is head of portfolio construction and quantitative strategies at Aberdeen Solutions. Aberdeen Asset Management PLC is a pure asset management company and only manages assets for third parties, allowing it to focus solely on their needs. It manages £183 billion of third-party assets from its offices around the world, as at 30 June 2012. Subhra is a member of the Aberdeen Hedge Fund Investment Committee, and is responsible for portfolio construction for its products and customised solutions. He also leads research on quantitative strategies such as market neutral, statistical arbitrage, systematic macro, and tail hedging. Subhra joined Aberdeen in February 2010 via the acquisition of various asset management businesses from the Royal Bank of Scotland PLC. Subhra has a Master of Technology from the Indian Institute of Science, Bangalore, an MBA from the Strathclyde Business School in Scotland, and has undertaken PhD coursework in Finance jointly at the London School of Economics and London Business School.


Portfolio alchemy: How to mix the perfect portfolio

Today, multi-manager investing is more than just picking managers. As the direct versus indirect debate rages on, it is key that investors understand how to make the most of their managers to win the performance stakes. How can value be added through strategic and tactical asset allocation? And which comes first the strategy or the manager? The Aberdeen team will lead this workshop on mixing the perfect portfolio.



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The Enlightenment Gallery

The Enlightenment was an age of reason and learning that flourished across Europe and America from about 1680 to 1820. This rich and diverse permanent exhibition uses thousands of objects to demonstrate how people in Britain understood their world

during this period. It is housed in the King’s Library, the former home of the library of King George III. It was opened in 2003 to celebrate the 250th anniversary of the British Museum.Private viewing: 2 October 18.30 – 20.30

© Trustees of the British Museum

Image adapted from an engraved portrait of Shakespeare by Martin Droeshout from the Third Folio of 1663–1664. © The Trustees of the British Museum

Exclusive private viewings at the British Museum

Cocktail receptionTuesday 2 October

All registered delegates are invited to the InvestHedge Forum cocktail reception, which will take place in the Enlightenment Gallery on day one of the Forum from 18.30.

The cocktail reception will include private viewings of two of the Museum’s galleries. See below for full details.

Shakespeare: staging the world

The British Museum is staging a major exhibition on the world of Shakespeare, in collaboration with the Royal Shakespeare Company. The exhibition provides a unique insight into the emerging role of London as a world city, seen through the innovative perspective of Shakespeare’s plays. The exhibition will be held in the famous Reading Room.Private viewing: 2 October 19.00 – 20.15

FORUM 2012

IH Cocktails ad.indd 1 24/09/2012 09:28

Steven Charlton NEPC

Steven Charlton, CFA, is director of consulting services and the head of NEPC, LLC’s discretionary consulting business, responsible for design and strategic direction of outsourcing efforts and coordination of product delivery. Founded in 1986, NEPC is 100% employee owned and operated with 31 partners, 310 clients and $700 billion in assets under advisement. Steve has been at NEPC for over 16 years; four years as the head of NEPC’s consulting business and 10 years as head the defined contribution practice. When not spending time with his wife and three children, Steve is an avid fly fisherman, golfer and skier.

Alexandre Col Banque Privée Edmond de Rothschild

Alexandre Col has been involved in the hedge fund industry since he joined the bank in 1994. He oversees all activities linked to the funds of funds business. Alexandre holds three degrees, in Business Administration, Economics and in Political Science, and two post-graduate diplomas, in Political Science and in International Economic Relations. His expertise brought him to take part in various external committees of experts, as follows: chairman of the Regulatory Circle of the Alternative Investment Council (AIC) of the Swiss Fund Association (SFA); member of the Alternative Investment Management Association Limited (AIMA); member of the Alternative Investment Council (AIC) of the SFA; member of the European Fund and Asset Management Association (EFAMA); and member of the Swiss Council of Hedge Funds (TCF).

Mark Horne Towers Watson

Mark Horne joined Towers Watson in March 2008 as a senior investment consultant in the fixed income manager research team. He is a member of Towers Watson’s bond and hedge fund ASK teams (area of specialist knowledge) undertaking manager research, product and business development. Prior to Towers Watson, Mark spent two years at Natixis Global Associates UK Ltd as director of client services and fixed income product specialist and five years with RBS Asset Management specialising in manager research and product construction, covering a range of regional and global fixed income, equity and hedge fund mandates. Prior to that, he undertook a range of private banking and investment training roles. Mark is a CFA charter holder (Chartered Financial Analyst).

Maarten Nederlof Pacific Alternative Asset Management Company (PAAMCO)

Maarten Nederlof is a managing director and head of portfolio solutions at PAAMCO. He is a member of the risk management and management committees. Prior to joining PAAMCO, Maarten held various positions at Deutsche Bank Securities, Inc. and Deutsche Asset Management, including managing director and global co-head of the hedge fund capital group and global head of the pension strategies group. In addition, he was a managing director and portfolio manager at K2 Advisors, LLC, as well as director and head of investor risk management at Capital Market Risk Advisors. Maarten began his career as a quantitative strategist at Salomon Brothers, Inc. He is a member of the investment committee of The John D. and Catherine T. MacArthur Foundation, and is a frequent lecturer and featured speaker at business schools, seminars and industry conferences. Maarten has 25 years of experience in investment management and portfolio construction with institutional investors.

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Consultants: Trojan horse or modern day saviour?

The main reason most investors that can are moving to consultant driven direct investments is that they want to cut costs. But is moving to the direct model really saving that much? Is service, due diligence and monitoring being compromised and are there conflicts? What will happen in three years’ time when portfolios are reviewed? As consultants are increasingly being hired as outsourced CIOs is there a way to harness the due diligence power of funds of funds and with the access and expertise of the consultants? How much does all this actually cost the pension fund? And who gets the blame when things go wrong?



Moderator

CONFERENCE 2012

10.30 – 11.00 Registration & coffee 11.00 – 12.30 Conference sessions 12.30 – 13.45 Lunch 13.45 – 15.15 Conference sessions 15.15 Close

11.00 What are the advantages of institutional and retail investors allocating to alternative UCITS? The negative interest rate environment has brought chal-lenges to many investors – meaning that alpha is crucial. For many institutional investors, unable to access offshore hedging strategies, they have to access hedge fund strat-egies via a UCITS or onshore structure. Also retail inves-tors who are thinking beyond cash, equities and bonds to build their portfolios will turn to alternative investments for capital protection, alpha and diversification. This ses-sion will explore the implications for investors of all types.

11.45 Who has the best strategy ideas for alternative UCITS today? What is the impact of markets, regulation or the UCITS wrapper itself?Volatile and risk-on/risk-off markets mean that equities have lost some of their appeal. How are asset managers responding to this challenge? Will strategies that don’t need to be domiciled offshore come onshore? This session will discuss the latest strategy developments.

13.45 How to attract assets into alternative UCITS. Are platforms the solution? Or is a new distribution model needed? Raising capital for funds was easier for asset managers before the global financial crisis. Since then, the tradi-tional distribution models have been challenged by a number of factors. This session will explore distribution models and the best way to raise assets in today’s highly challenging market conditions.

14.30 The future: Alternative UCITS and the onshore hedge fund industry in 2020The sector has a lot of opportunities to grow – due to con-vergence between the hedge fund and traditional asset management industries, more investors will demand that the funds they invest in are domiciled locally, which will mean more esoteric strategies will be available to onshore institutional and retail investors. This session will attempt to paint a picture of what the alternative UCITS and onshore hedging industry will look like over the next decade.

3 OCTOBER 2012

www.absoluteucitsconference.com

SEE

ABSOLUTE UCITS

PROGRAMME FOR

FULL DETAILS

Alternative UCITS and onshore investing: 2020 & beyond

The Absolute UCITS Conference will explore the alternative UCITS hedge fund industry today – particularly how it will grow and what it will look like over the next decade.

With the sector expected to expand to assets of more than $1 trillion by 2020, the Absolute UCITS Conference will examine how changing regulation, investor demand and market sentiment is enabling the alternative UCITS market to grow.

The conference will take place from 11.00 on 3 October in the Stevenson Theatre. It will run concurrently with the InvestHedge Forum sessions and is open to all Forum delegates.

CONFERENCE TIMINGS

SESSIONS

UCITS advert 205 x 272.indd 1 24/09/2012 16:42


Robert Gardner Redington

Robert Gardner is founder and co-CEO of Redington Ltd, a progressive investment consultancy founded in 2006. He cut his teeth at Deutsche Bank before joining Merrill Lynch in 2003, working as director in its Insurance and Pensions Solutions Group. He was responsible for implementing and executing ALM derivative solutions across several asset classes. In 2008, Robert also co-founded Mallowstreet, the online pensions community that brings pension fund decision makers and product providers together. He is passionate about the impact of social media on business believing that education, collaboration and contributions are the best way to tackle pension challenges. Outside of pensions and social media, Robert is passionate about tennis and is often seen practicing his serve-volley around the office.

George Main Diversified Global Asset Management

George Main is CEO and co-founder of Diversified Global Asset Management Corporation (DGAM). He is responsible for overall firm management and direction, in addition to investment decision-making including hedge fund selection, hedge fund portfolio construction and tail hedge overlay management. DGAM is an independent alternative investment manager and advisor based in Toronto, Canada, with over $5.5 billion in managed and advised assets. In 2007, George was appointed to the hedge fund investors’ committee of the President’s working group on financial markets.

Pierre-Olivier Masmejean Omega Asset Management

Pierre-Olivier ‘POM’ Masmejean is chief investment officer at Omega Asset Management Limited London. Omega Asset Management (OAM) manages $730 million in Irish listed fund of hedge funds, backed by Omega Capital, a leading multi billion dollar Madrid-based family office. Besides internal capital, OAM also has Spanish institutional investors, including pension funds and insurance companies, and also advises Omega Capital on absolute return and UCITS funds selection for their domestic products. Prior to joining OAM in 2008, Pierre-Olivier worked as MD Europe for Guggenheim Advisors, a $3 billion managed account based fund of hedge funds. He was also CIO for LCF Edmond de Rothschild Multi Management, and held various positions at DLJ and JP Morgan. Pierre-Oliver founded New Flag Asset Management, later sold to Putnam. He also worked at Salomon Brother International, and Merkuria. Pierre-Olivier holds an MBA from HEC, and a Masters in Political Sciences (Sciences-Po), Paris (Dean’s List).

Anne Richards Aberdeen Asset Management

Anne Richards is chief investment officer and head of Aberdeen Solutions. She is also head of the EMEA region and an executive director of Aberdeen Asset Management. Aberdeen Asset Management PLC is a pure asset management company and only manages assets for third parties, allowing it to focus solely on their needs. It manages £183 billion of third-party assets from its offices around the world, as at 30 June 2012. Anne was chief investment officer and joint managing director of Edinburgh Fund Managers (EFM), which was acquired by Aberdeen in 2003. Prior to joining EFM, she worked for Merrill Lynch Investment Managers. She graduated in Electronics and Electrical Engineering from the University of Edinburgh and has an MBA from INSEAD. Anne is also a Chartered Fellow of the Chartered Institute for Securities and Investment, and holds a Certified Diploma in Accounting and Finance (ACCA).

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The art of hedge fund investing: Where do hedge funds fit in? 09.00DAY TWO | MORNING


Moderator

To some investors, hedge funds are all tarred with the same brush and treated the same way. But sophisticated hedge fund investing is about mixing different and complementary managers, in different sizes, at different times and most importantly for different reasons. Are the newer direct investors missing out on the performance potential of some less obvious strategies?

State Street Global Services is the investment servicing business of

State Street Corporation (NYSE: STT), one of the world’s leading providers

of fi nancial services to institutional investors.

InfraHedge is a subsidiary of State Street Corporation.

To succeed in today’s complex, dynamic marketplace, you need a strategic collaborator. Institutional investors

who invest in hedge funds want greater transparency, liquidity and control. The InfraHedge managed account

platform provides an investor-centric, fl exible, cost-effective framework to implement enhanced governance,

risk management, compliance monitoring and reporting of your investments. InfraHedge handles all your

managed account infrastructure requirements, so you can stay focused on managing your investments.

For more information, please visit www.infrahedge.com or contact:

You need more than a service provider

©2012 STATE STREET CORPORATION 12-14981-0912

Akshaya Bhargava

Chief Executive Offi cer, InfraHedge

[email protected]

+44 20 7182 4370

Bruce Keith

Managing Director, Client Solutions, InfraHedge

[email protected]

+44 20 7182 4373

12-14981_InfraHedgeAd.indd 112-14981_InfraHedgeAd.indd 1 9/19/12 3:16 PM9/19/12 3:16 PM

Akshaya Bhargava InfraHedge

Akshaya Bhargava is the CEO of InfraHedge, an investor-centric hedge fund managed account platform for institutional investors that was acquired by State Street in 2011. InfraHedge focuses on institutional investors and provides them with the end-to-end managed account infrastructure to set up managed account programmes to their own specifications. Investors have full flexibility to select managers of their choice and choose from a range of structures, domiciles and other attributes that are critical to effective and efficient managed accounts. Prior to establishing InfraHedge, Akshaya was the CEO of Butterfield Fulcrum Group, a hedge fund administration business. Akshaya has more than 32 years of business experience and holds a degree in Economics from Fergusson College, India, and a Master of Business Administration from Indian Institute of Management.

John Franklin Investcorp Hedge Funds

John Franklin joined Investcorp in 1997 and is currently chief operating officer of its hedge funds business responsible for operations, business strategy, product development and conduct of investment and sales processes. Prior to this role, John was head of asset allocation, responsible for portfolio construction and performance benchmarking of customised accounts and commingled funds. Prior to his tenure at Investcorp, he worked at Citicorp for four years implementing securities custody systems at Citibank locations in Eastern Europe. John holds an MBA from XLRI Jamshedpur, India with specialisation in Finance and Systems, and an Engineering degree from Mangalore University, India. He is a CFA Charter holder.

Alexander Lowe ISAM

Alex Lowe joined ISAM in January 2011 as director of strategy and business development. Prior to ISAM Alex was at Man Group, where he was originally head of product development for Man Global Strategies from 2003, and latterly from 2006 to 2009 CEO of MGS and a director of Man Investments Ltd. Prior to Man, Alex worked as a senior trader at BNP Paribas in Paris from 2001 where he was responsible for equity relative value trading setting up a series of quantitative models trading in Europe the US and Asia, and at ING Barings from 1998 as a senior salesman. Alex graduated from Newcastle University with a degree in Politics and was a Captain in the British Army.

Mark McKeon State Street

Mark McKeon is the managing director of risk management services for State Street investment analytics where he oversees services that assist clients in quantifying and understanding the risk characteristics of their portfolios. He joined State Street through the acquisition of International Fund Services (IFS). Mark has 15 years’ experience in market and credit risk management as well as derivative valuations. Prior to joining IFS and State Street, he was director of client services for a risk management software company, Askari. Mark received his BSc. in Applied Mathematics and Certificate in Financial Mathematics from Dublin City University.


Managed accounts: Taking control over hedge fund investing

Most institutional investors and allocators to hedge fund strategies have evaluated managed accounts as a mechanism of choice to increase control and transparency in their investments as they expand their hedge fund exposure. This journey has had its successes and challenges which have led to innovations, creating a significant body of industry experience. This panel, with significant managed account related experience, aims to analyse some key opportunities and challenges involved in managed accounts.

09.00DAY TWO | MORNING

Tom Healy Genii SolutionsTom Healy founded Genii Solutions LLP in 2010 to provide consulting on operational infrastructure to institutional investors in hedge funds. Prior to this, Tom spent six years as COO of a fund of hedge funds firm overseeing $4.5 billion of clients’ assets. He has 15 years’ experience in the hedge fund services industry including CEO of one of the largest global hedge fund administrators with assets under administration of $100 billion. Throughout his career, Tom has overseen the establishment and management of scalable solutions in both the hedge fund administration and hedge fund asset management businesses. Tom is a Certified Public Accountant and trained at Coopers & Lybrand.

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HedgeFund Intelligence dates for your diary

HedgeFund Intelligence LimitedNestor House, Playhouse Yard, London EC4V 5EX, UK US Office: 225 Park Avenue South, New York, NY 10003, USATel: +44 (0)20 7779 7330 Fax: +44 (0)20 7779 7331 Tel: +1 212 224 3570 Fax: +1 212 224 3217Email: [email protected] Hong Kong Office: 27/F, 248 Queen’s Road East, Wanchai, Hong Kongwww.hedgefundintelligence.com Tel: +852 2842 6996 Fax: +852 2111 0494

2012-201325 October 2012 Island Shangri-La, Hong Kongwww.asiahedgeawards.com AwardsAsiaHedge

24 January 2013 Grosvenor House Hotel, London www.eurohedgeawards.comAwardsEuroHedge

22 & 23 May 2013 Palais de la Bourse, Paris www.eurohedgesummit.com

EuroHedgeSummit 2013

12 February 2013 Gotham Hall, New Yorkwww.absolutereturnawards.com

AwardsAbsolute Return

24 & 25 September 2013British Museum, Londonwww.investhedgeforum.com

FORUM 2013

25 September 2013 British Museum, Londonwww.investhedgeawards.com AwardsInvestHedge

1 & 2 November 201210 on the Park, New Yorkwww.absolutereturnsymposium.com

Absolute ReturnSYMPOSIUM 2012

Events ad Sept 2012.indd 1 21/09/2012 16:03



Robert Maharajh HedgeFund IntelligenceRobert Maharajh is a London-based associate editor at HedgeFund Intelligence, where he contributes news and features across all the magazines. He was previously editor at International Investment and has written on a wide variety of topics for numerous publications including The Times, Sunday Business and the Financial Times.

Introduced by

Ash WilliamsFlorida State Board of Administration

Ashbel (Ash) Williams is the executive director and CIO of the Florida State Board of Administration (SBA). The SBA manages assets under broad investment authority granted by the board’s trustees. The trustees are Florida’s governor, chief financial officer, and attorney general. Among the over $150 billion in assets under management are those of the Florida Retirement System (FRS) Trust Fund.

Prior to joining the SBA, Ash was a managing director at Fir Tree Partners and previously was president and CEO of Schroder Capital Management, both headquartered in New York City. He previously served as executive director of the SBA from 1991 to 1996 and in senior management positions in Florida’s executive and legislative branches.

Ash serves as chairman of the Florida State University Foundation, an advisory board member of the Robert Toigo Foundation, and a leadership council member of the Robert F. Kennedy Center for Justice and Human Rights. He is an Episcopal lay minister.

Ash holds both BS and MBA degrees from Florida State University (FSU) and completed post graduate programmes at the University of Pennsylvania’s Wharton School and Harvard’s John F. Kennedy School of Government.

Ash will be speaking on the challenges and opportunities for public pension plans. What do plans need to survive and succeed in the current environment? How should managers position themselves to approach major institutions?

DAY TWO | MORNING

building a fund management team of industry experts

accountability as motivation methodically building our expertise

asset management

asset management

specialization accountability patience

visit our website : www.exane-am.com

Loïc Fery Chenavari Investment Managers

Loïc Fery is founder and managing partner of Chenavari Investment Managers, an alternative fund manager focused on credit markets. Chenavari AUM are around $1.7 billion as of March 2011. The firm’s flagship hedge funds are the Multi-Strategy Credit Fund and the Toro Fund. Prior to setting up Chenavari, Loïc was global head of credit markets at CALYON, the investment bank of the Crédit Agricole group. Before joining CALYON, he was at SG in both London and Hong Kong, where he was one of the initial members of the credit derivatives group. Loïc graduated from HEC in Paris and has co-authored several books on credit derivatives, structured credit and securitisation.

David Nazar Ironshield Capital Management

David Nazar is the founder and managing partner of Ironshield Capital Management LLP. He has ultimate responsibility and veto over portfolio management, research, trades and risk management. Ironshield is a pan-European investment manager focusing on stressed, distressed and event driven credit situations. The investment process is predominantly fundamental with a medium to long term investment horizon. Before launching Ironshield in August 2007, David managed the European special situations principal investment group at Bank of America. He has two decades experience in European distressed debt investing and investment banking. David has a BA (Hons) from Cambridge.

Paul Schwarz Lighthouse Investment Partners

Paul Schwarz is managing director, head of credit strategies at Lighthouse Investment Partners LLC. Lighthouse Investment Partners LLC is an investment management company focused on hedge funds and managed accounts. Lighthouse has over $6 billion under management. Paul joined Lighthouse in 2001 and is a member of the Lighthouse investment committee. He earned an MBA from the University of Chicago and a BBA from the University of Iowa. Paul is married with three children, has finished three marathons and is a Black Belt in Tae Kwon Do.

Mark Unferth CQS

Mark Unferth is head of distressed debt and co-portfolio manager for the European Distressed Fund at CQS. CQS is a $11 billion global multi-strategy asset management firm. It launched its first hedge fund in March 2000 and has since expanded its offering to include additional strategies and bespoke solutions in the areas of multi-strategy, convertibles, ABS, credit, loans and equities. Mark has over 15 years’ experience of distressed investing having been a principal at Columbus Hill Capital Management LP and worked in a variety of roles at Metropolitan West Asset Management LLC, Credit Suisse First Boston, Donaldson, Lufkin & Jenrette and Citibank in New York. Mark began his career in 1990 with the Federal Reserve Board in Washington, DC.


Credit & distressed: The epicentre of hedge fund returns for an era of deleveraging?

With the after-shocks of the financial crisis continuing to reverberate amid the ongoing crisis for banks in the Eurozone, it seems to be only a matter of time before an avalanche of distressed credit comes to the market – especially in Europe. But will this finally provide the cascade of opportunity for hedge funds that has been predicted ever since 2008 – and when will it start to happen? A panel of managers and investors in the credit markets discuss the outlook.


Nick Evans EuroHedgeNick Evans is editor of EuroHedge. He has been a financial journalist since 1987, specialising in capital markets, investment banking and asset management. Between 1989 and 2000 he was editor of Euroweek, the weekly newspaper covering the international capital markets published by Euromoney Institutional Investor plc. Nick was subsequently editor-at-large of Euromoney magazine and editor of Global Agenda, the magazine of the World Economic Forum’s Annual Meeting in Davos, Switzerland. He joined HedgeFund Intelligence Ltd as a director in February 2004 and became editor of EuroHedge in September 2004.

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Moderator

Randall Dillard Liongate Capital Management

Randall Dillard is a co-founder and the chief investment officer of Liongate Capital Management. Formed in 2003, Liongate is an investment management and research firm specialising in portfolios of hedge funds. Liongate serves its clients through offering of multi-strategy and strategy specific funds of hedge funds and tailored solutions. Previously, he was at Nomura International as managing director within investment banking and also the head of merchant banking, which managed discretionary and principal investments on behalf of Nomura and related entities. Randall is a post-graduate of Law and Faculty Fellow of Pembroke College, University of Cambridge, and also founded the Randall Dillard Fellowship.

Andrea Pederzolli Mangustarisk

Andrea Pederzolli is head of research and co-founder of Mangustarisk. He is responsible for the asset allocation committee and the manager selection and evaluation in the alternative space. Mangustarisk is a risk management consultancy firm with €55 billion of assets under advice. It is dedicated to institutional clients and is leader in the pension fund market in Italy. Prior to founding Mangustarisk in 2000, he held different positions at Merrill Lynch, Barclays Capital and IBJ. Andrea is an electronic engineer, holds a Master in Finance from LBS and pursued a PhD in Finance also at LBS.

Ash Williams Florida State Board of Administration

Ashbel (Ash) Williams is the executive director and CIO of the Florida State Board of Administration (SBA). The SBA manages assets under broad investment authority granted by the board’s trustees. The trustees are Florida’s governor, chief financial officer, and attorney general. Among the over $150 billion in assets under management are those of the Florida Retirement System (FRS) Trust Fund. Prior to joining the SBA, Ash was a managing director at Fir Tree Partners and previously was president and CEO of Schroder Capital Management, both headquartered in New York City. He previously served as executive director of the SBA from 1991 to 1996 and in senior management positions in Florida’s executive and legislative branches. Ash serves as chairman of the Florida State University Foundation, an advisory board member of the Robert Toigo Foundation, and a leadership council member of the Robert F. Kennedy Center for Justice and Human Rights. He is an Episcopal lay minister. Ash holds both BS and MBA degrees from Florida State University (FSU) and completed post graduate programmes at the University of Pennsylvania’s Wharton School and Harvard’s John F. Kennedy School of Government.


Global macro at work: Gearing up for global uncertainty

Global macro gets mixed reviews largely because the managers in this particular space are many and very varied in the strategies and assets they work with. Deciding to allocate to global macro is only the first step to making sure this strategy allocation enhances the portfolio rather than turns against it. Understanding the nuances of this diverse universe that falls under the global macro umbrella is as important as knowing how, where and when to blend this strategy and its managers in the overall portfolio. The Liongate team leads this workshop on how to make the most of global macro.


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Timothy Ng Clearbrook Tim Ng is a managing director and head of research at Clearbrook. Within this role he is involved in global macro and manager research, portfolio analysis and risk management. Prior to Clearbrook, Tim was president and chief investment officer of Structured Investments Group, LLC. Previously, he has been a managing partner with European based investment advisory firms and has held the title of senior vice president and partner in varying roles at Prudential Securities, Smith Barney, and Oppenheimer & Company. With more than 25 years’ investment experience, Tim has had oversight of more than $5 billion of investor capital. He is a board member of Clearbrook Global Advisors and the Florida Alternative Investment Association. He has been a holder of securities licenses Series 3, 7, 24, 63 and 65. Tim received a BA in Economics from Stony Brook University and an MBA with honours from Long Island University.

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Close-up of woodwork. Banque Privée Edmond de Rothschild, Geneva.

Banque Privée Edmond de Rothschild SA, Geneva, a front-runner in INSTITUTIONAL

ADVISORY SERVICES featuring open architecture.

As pioneers in the industry, we can claim an excellent track record in picking the most

talented money managers.

www.edmond-de-rothschild.ch

Banque Privée Edmond de Rothschild S.A – 18, rue de Hesse – CH 1204 Geneva – T+41 58 818 95 68

Robert Howie Mercer

Robert Howie is European head of the alternatives boutique, a unit within Mercer Investments. Mercer has been providing investment services to clients for over 35 years and works with investors in 46 countries. More than 1,200 employees in 66 offices around the world provide advice to over 3,700 clients with more than £3.5 trillion in assets. Located in London, Robert leads the manager research and generation of intellectual capital for alternative assets in Europe and is also global director for funds-of-hedge funds research. Additionally, he advises institutional investors on the use of alternative assets. Prior to joining Mercer, he worked for Barclays in London and African Life (now part of Sanlam) in South Africa. Robert has a Master of Business Science from the University of Cape Town, and is a Fellow of the Institute of Actuaries.

John Novogratz Millennium Management

John Novogratz is senior managing director – global head of marketing and investor relations at Millennium Management LLC. John is responsible for the marketing and investor relations department with a primary focus on building and developing new and current investor relationships for Millennium Partners. He is a member of the executive committee as well as the investment risk committee. John worked at Fortress Investment Group for almost six years before joining Millennium. Prior to joining Fortress, he consulted for Applied Development, a real estate development company, where he focused on raising capital to finance large projects. Before this he held various positions at Scient and Goldman Sachs Asset Management. John graduated from the College of William & Mary with a BA in Economics.

Alexandre Pini Banque Privée Edmond de Rothschild

Alexandre Pini is a portfolio manager in the investment fund department of Banque Privée Edmond de Rothschild, Geneva. He is in charge, with a team of analysts, of managing several funds of hedge funds within the Edmond de Rothschild Prifund Alpha umbrella, including the flagship fund EDR Prifund Alpha Uncorrelated. Alexandre holds a degree in Economics from the Ecole des Hautes Etudes Commerciales (HEC) of Lausanne University (HEC), and a Master degree in International Economy and Management from the Scuola di Direzione Aziendale de l’Università Commerciale Luigi Bocconi in Milano.


Are customised portfolios the 21st century funds of funds?

Will the increased use of customised portfolios by institutional investors mean the death of funds of funds? Or will customised portfolios become the new structure for funds of funds to operate in? How can investors partner with funds of hedge funds to maximise the potential and performance of their overall portfolios? How is performance measured and compared?

13.45DAY TWO | AFTERNOON

Patrick Fenal Unigestion Patrick Fenal is the deputy chairman of Unigestion. He also heads Unigestion’s Family Investment Office. Patrick joined Unigestion as a bond manager in 1979 and developed the ‘horizon yields’ technique (currency hedged fixed income management) from 1982. In 1986, he pioneered Unigestion’s move into hedge funds, building one of the most highly respected fund of hedge fund teams. Before his appointment as deputy chairman of Unigestion in 2011, Patrick was the chief executive officer of Unigestion SA from 1996 to 2010. Patrick started his career in wealth management at Credit Suisse, before working in Iran for ABN Amro. He studied Economics at the University of Geneva.

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Knut Dahl Spencer House Partners

Knut Dahl is a partner at Spencer House Partners, an independent merchant banking boutique established that provides M&A and strategic advice to companies in the investment management industry. In addition, through its partners Spencer House Partners also take equity stakes in high quality businesses. In the last two years it has advised on over £4 billion on announced transactions in the investment management industry with over $180 billion of assets under management (including over $15 billion in the alternative industry). Knut joined Spencer House Partners in 2009 after 18 years with JPMorgan/Bear Stearns, Putnam Lovell and Lehman Brothers.

Jon Little Northill Capital Jon Little is a partner of Northill Capital LLP. Northill was founded at the end of 2010 by Jon with the backing of substantial private capital. The business will provide long term equity and seed capital to a small number of high quality start-ups or early stage managers, and equity capital to replace existing shareholders in larger more established asset managers. Prior to founding Northill, he was vice chairman at BNY Mellon Asset Management. Jon was educated at Oxford Brookes University and his interests are running, skiing, sailing, wine and music.

Ian Morley Allenbridge Epic and Wentworth Hall Consultancy Ian Morley is one of the pioneers of the hedge fund Industry. He has helped build and sell many hedge fund firms. He was the founding chairman of AIMA, and recipient of a lifetime achievement award to the Hedge Fund Industry. He is Chairman of Wentworth Hall Consultancy and Senior Consultant at Allenbridge AIS, a £40bn Pension consulting firm. Ian has advised the OECD and the EU about the hedge fund industry. He has published numerous articles, lectured throughout the world and is an Industrial Fellow of Kingston University. Ian is a regular contributor on radio, TV and the press, including several Financial Times and The Times comment pieces. Ian has run 16 marathons, is a thespian of note and lifelong Spurs fan. He lives in London with a dog, two cats and sometimes his children. Ian is a graduate of LSE.

Stavros Siokos Sciens Capital Dr Stavros Siokos is chief executive officer responsible for the general management of Sciens Capital Limited in its capacity as investment advisor and asset manager for the fund of funds and the managed account platforms. Sciens is an independent asset manager with approximately $5 billion in AUM in funds of hedge funds, advisory, private equity and real assets. Stavros previously held a number of senior roles: managing director within the equities division of Citigroup and head of investment management for Piraeus Bank. He was also chairman of Piraeus Wealth Management, a joint venture between the Piraeus Bank and BNP Paribas Wealth Management which he initiated and established.


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Survival of the biggest: The way of M&A

In the hedge fund and more specifically the fund of funds industry, M&A is gathering pace. The bid to buy assets has grown exponentially, but are buyers buying value? Are the groups that are for sale just shells that will see the assets flow out once the deal is done? Is there really a viable M&A market in hedge funds and funds of funds, or is the business too personality driven?

14.30DAY TWO | AFTERNOON

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Newedge With more than 20 locations across 15 countries and access to 85+ exchanges, Newedge offers a full range of execution and clearing services. Independently managed and regulated, Newedge is supported by two top-tier rated shareholders, Société Générale and Crédit Agricole Corporate & Investment Bank. Newedge’s agency broker business model puts clients’ interests first, minimising market risk and potential conflicts of interest.

Prime Brokerage. Newedge offers a full, global prime brokerage service across equities, fixed income, foreign exchange and commodities, cash and derivatives. The flexible open architecture approach provides clients a single interface, allowing maximum efficiency when trading multiple asset classes.

Single Point of Contact. Each client has a dedicated relationship manager supported by a team of people that clients can rely on to provide timely service. Each relationship manger constantly stays abreast of business imperatives and priorities to provide the solutions that can aid in a client’s success.

Capital Introduction. Newedge’s knowledge and depth of experience facilitates introductions of hedge fund managers to closely suited sophisticated investors. It covers investors globally, having dedicated coverage of specific investor types such as pension funds, global investors and family offices.

Financing, Risk Management and Reporting. Newedge offers innovative, risk-based cross margining and portfolio margining across instruments and asset classes. Financing and reporting options are specifically tailored to client requirements and through Newedge Pulse, an online web-portal, clients can access and customise reports to suit their specific needs.

Comprehensive UCITS III Solution. Newedge has developed a comprehensive UCITS offering to help service clients launching products in multiple jurisdictions and across many different hedge fund strategies. Newedge has taken a customised, open architecture approach to servicing UCITS compliant hedge fund strategies, giving clients full flexibility to tailor products to meet their own specific requirements.

For further information, contact: Duncan Crawford 10 Bishops Square, London E1 6EG E: [email protected] T: +44 (0)20 7676 8504

RBS Prime Services rbsm.com/prime

RBS Prime Services delivers tailor-made solutions to meet the financing, execution and servicing needs of global hedge funds and financial institutions. RBS Prime Services understand that getting results for its clients demands adaptability and its services are therefore built around its clients objectives. RBS Prime Services offer a one-stop shop encompassing equity linked, futures, fixed income and derivative products. RBS Prime Services innovative and flexible approach means that it can offer its clients the responsiveness of a niche player combined with the strength and reach of a leading global bank.

Equity Prime Services is a globally integrated team, offering its clients seamless 24-hour coverage across its regional hubs in London, Hong-Kong, and Stamford. Equity Prime Services award-winning platform (top five winner in the Global Investor/ISF Synthetic Finance Awards, 2012) offers access to more than 70 equity markets worldwide, including key restricted markets such as Brazil, Russia, India, China and Saudi Arabia. Its product range includes: portfolio swaps, customised swaps, market access, securities lending, futures, ETFs and structured solutions.

Prime Services is part of RBS Markets & International

Banking (M&IB), the investment banking arm of the RBS Group. Its business brings together an extensive range of capabilities including debt and equity financing, risk management and corporate finance advisory services around the world.

For further information, contact: William Donzeiser Head of equity prime services, Americas T: +1 203 897 7099 E: [email protected]

Stephen Howard Head of equity prime services, Asia Pacific T: +852 3988 7828 E: [email protected]

Mark Barnard Global head of equity liquidity management T: +44 (0)20 7678 4138 E: [email protected]

Main sponsors


www.newedge.com/primebrokerage


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Associate sponsorsAberdeen Asset Management www.aberdeen-asset.com

Aberdeen Asset Management is a pure asset management company that only manages assets for third parties, allowing the company to focus solely on its clients’ needs. As at 30 June 2012, Aberdeen managed £183 billion of third party assets from its offices around the world.

The company is an independent, global hedge fund investor with over £3 billion of hedge fund assets under management. The award winning hedge funds team has an established performance track record over 14 years and offers deep expertise in a wide range of strategy disciplines and investment structures. Aberdeen’s team employ its longstanding, rigorous investment and operational due diligence procedures in manager selection and a risk-driven strategic and tactical asset allocation framework for the construction of its clients’ hedge funds portfolios.

Aurora Investment Management

Since 1988, Aurora Investment Management has applied a consistent investment philosophy, a commitment to superior due diligence, and a disciplined investment process in delivering hedge fund solutions to institutional and high net worth clients.

With $10 billion in assets under management, Aurora is unique in the industry for the continuity and active involvement of its investment leaders. Aurora’s senior investment team serves on the front line of manager due diligence, giving the Firm direct and timely access to information and facilitating real time risk assessment and decision-making. Aurora’s deep due diligence process includes rigorous investment, operational and quantitative analysis of each manager, producing meaningful, timely, and actionable intelligence.

Since 1995, Aurora has provided customised portfolio solutions to institutional clients. As stewards of its clients’ capital, Aurora focuses on identifying, evaluating, and investing in the best hedge fund managers around the world.

www.AuroraLLC.com

For further information, contact: Michael Hart E: [email protected]

Christian Howells E: [email protected]

T: +44 (0)20 7463 6851

For further information, contact: Isabelle M. Perrault300 North LaSalle Street 52nd Floor Chicago, IL 60654 T: +1 312 762 6743E: [email protected]


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Associate sponsorsBanque Privée Edmond de Rothschild

As heir to the traditions and values that have ensured the success of the Rothschild family for 250 years, the Edmond de Rothschild Group has established itself over time as a leading player in European finance. Specialising in private banking and asset management, the Edmond de Rothschild Group, benefits from a family shareholding structure which makes it fully independent when advising its private and institutional clients. Set up in 1953 by Baron Edmond de Rothschild and chaired today by his son Benjamin de Rothschild, the Group deploys its expertise in the leading international financial centres.

More than 40 years ago Banque Privée Edmond de Rothschild S.A. pioneered the alternative multi-management by launching, in 1969, the world’s first fund of hedge funds.

In 2000 BPER S.A., Geneva, developed its fund of funds activity by launching a Luxembourg domiciled umbrella fund, named Prifund, registered and authorised for sale in Switzerland, Luxembourg, the Netherlands and Singapore.

Its Investment Fund Department, dedicated to the alternative and traditional funds of funds business – headed by Alexandre Col since 1994 – is 45 people strong and covers the entire fund management activity.

exane asset management

Founded in 2001, exane asset management is a portfolio management company based in Paris and regulated by the AMF.

Since its creation, exane asset management’s specialist team has focussed on long/short equity fund management. Today, the company is recognised as a major presence in European direct long/short equity fund management.

Drawing on its expertise in equities and the solidity of its team of fund managers-analysts, exane asset management launched its first long only equity fund at the end of 2011 in order to offer its stock-picking skills to investors through a directional fund.

The company currently manages €3.9 billion (as of June 2012) through 12 open-ended long/short equity funds and one equity fund. The investor base is broadly balanced between institutions, funds of funds and private banking, in France (2/3) and in Europe (1/3).

www.exane-am.com

For further information, contact: E: [email protected]

For further information, contact: Guillaume Thomas T: +33 1 42 99 84 61 E: [email protected]

www.edmond-de-rothschild.chwww.edr-prifund.ch


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Associate sponsorsInfraHedge www.infrahedge.com

InfraHedge is a managed account infrastructure platform specifically designed for institutional investors who wish to create their own separate account or managed account programs in order to expand their hedge fund exposure. The InfraHedge model is different from the traditional managed account platforms in its investor centricity and is built on principles of neutrality and open architecture that handles a full range of hedge fund strategies and manager selection options to maximise investor flexibility. InfraHedge is a subsidiary company of State Street Corporation.

Liongate Capital Management www.liongate.com

Liongate Capital Management is an independent, global investment management firm focused on creating and managing fund of hedge fund investment solutions for institutional and private investors. Commanding an in-depth understanding of hedge fund managers and macroeconomic conditions, Liongate targets high risk-adjusted returns in any market environment. The firm has become recognised as a leader within the fund of hedge funds industry for its innovation in portfolio management.

Liongate has won numerous industry awards for its active portfolio strategy allocation approach, which has historically generated superior risk-adjusted returns for clients with low correlation to traditional asset classes. Even during periods of volatility and hedge fund crisis, Liongate has continued to achieve this objective, consistently out-performing the broad hedge fund universe while maintaining portfolio liquidity. The Liongate principals and employees are among the largest investors in the Liongate Funds, promoting a strong alignment of interests with clients.

For further information, contact: Jeff Holland, managing director T: +44 (0)20 7073 4641E: [email protected]


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BNP Paribas www.securities.bnpparibas.com

BNP Paribas is one of the best rated banks in the world*, with a presence in more than 80 countries and more than 200,000 employees. BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering flexibility and commitment, backed by the strength of a leading universal bank.

Operating across the investment cycle, it provides post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 32 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

With $6,975 billion of assets under custody, $1,244 billion assets under administration and more than 6,600 funds administered as at 30 June 2011, BNP Paribas Securities Services is a top five global provider of securities services**.

* Rated AA- by Standard & Poor’s. ** Source: Globalcustody.net competitors’ AuC tables.

Deutsche Bank www.db.com/tss

Deutsche Bank’s Fund Services offers a full range of administrative, custodial and banking services to hedge funds, fund of funds, UCITS and other alternative investment vehicles - including private equity funds, infrastructure funds, property and real estate funds, discretionary and private funds, and insurance-linked funds - from start-up through growth to maturity.

Services include fund administration, transfer agency services, trustee services, securities custody, cash management and specialist corporate services in a number of tax-neutral locations.

The Bank delivers high quality administration services to support investment managers, financial sponsors and institutional investors all over the world in pursuing their investment objectives. All services are coordinated through the Bank’s global banking network in more than 70 countries, providing support for clients wherever it is required.

Digiterre www.digiterre.com

Digiterre is a leading provider of software solutions to the global investment management sector with over one hundred industry-specific clients. Communica is Digiterre’s Enhanced Client Relationship Management platform used by hedge funds, fund of funds, institutional asset managers, wealth managers and private equity organizations worldwide to manage their key investor relations, marketing and business management processes.

Communica provides a comprehensive, fully integrated marketing and investor relations system for investment managers. It supports fund raising, investor recruitment, investor profiling and tiering, investor reporting including monthly NAV statements, liquidity and other performance reports and provides a fully integrated secure investor website. Communica has role-based functionality tailored to meet the needs of other business users as well, including C-level executives, marketing, investor relations, distribution, business development and compliance teams.

Digiterre has offices in London and New York and offers local-time worldwide support.

Exhibitors


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Isle of Man Funds Association www.whereyoucan.im/funds

Murano www.muranoconnect.com

The Isle of Man provides the right business environment for funds, offering an attractive highly skilled alternative to more expensive jurisdictions, whether that is in fund management, administration or custodianship.

The Isle of Man is a premier International Finance Centre, combining a wide and diversified economy, political stability, and a competitive taxation regime. The Isle of Man is proud of its credentials as OECD “white listed” and internationally recognised by the IMF, FATF, FATS, EU Code of Conduct Group and other international bodies.

Administering funds in the Isle of Man for almost 30 years, there are a number of well established fund management businesses located on the Island and the Island prides itself on being able to provide efficient and cost effective solutions.

The Isle of Man is well situated in the geographic centre of the British Isles, on the same time zone as London, and has excellent transport links.

Murano works with alternative and mainstream asset managers to help them find new investors in a very targeted and tailored way. Its team contacts investors around the globe in order to understand their investment process and where they are allocating. Murano endeavours to provide timely insight on who is investing where and ensuring that any approach made by its clients is relevant. Murano works closely with its clients to help them raise assets in a way that is cost effective and pragmatic. From an investor perspective, its service aims to cut down the workload of having to navigate emails and calls from funds that are not appropriate or untimely. Murano do the research so its fund clients and investors can do business.

For further information, contact: John Spellman T: +44 (0)1624 686400 E: [email protected]

Hedge Funds Care UK www.hedgefundscare.org

Hedge Funds Care UK (HFC UK) is an international affiliate of Hedge Funds Care, supported largely by the hedge fund industry, whose sole mission is preventing and treating child abuse.

Since inception, HFC UK has distributed over £560,000 in 21 grants to organisations including Red Balloon, Barnardo’s, the Lucy Faithful Foundation, Family Action, The National Society for the Prevention of Cruelty to Children, Community Service Volunteers, Beatbullying, Eaves for Women, Family Matters, and Imara.

The UK Committee organise a range of events each year, including Golf Days, Triathlons, networking and social events, to raise funds. For more information about the charity and event, please visit Hedge Fund Care’s website: www.hedgefundscare.org

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AIMA www.aima.org

As the global hedge fund association, the Alternative Investment Management Association (AIMA) has over 1,300 corporate members (with over 6,000 individual contacts) worldwide, based in over 50 countries.

Members include hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting firms, investors, fund administrators and independent fund directors. They all benefit from AIMA’s active influence in policy development, its leadership in industry initiatives, including education and sound practice manuals, and its excellent reputation with regulators worldwide.

AIMA is a dynamic organisation that reflects its members’ interests and provides them with a vibrant global network. AIMA is committed to developing industry skills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the industry’s first and only specialised educational standard for alternative investment specialists. For further information, please visit AIMA’s website.

Endorser


HedgeFund Intelligence LimitedNestor House, Playhouse Yard, London EC4V 5EX, UKT: +44 (0) 20 7779 7330 F: +44 (0) 20 7779 7331

US Office: 225 Park Avenue South, New York NY 10003, USAT: +1 212 224 3570 F: +1 212 224 3217

Hong Kong Office: 27/F, 248 Queen’s Road East, Wanchai, Hong KongT: +852 2842 6996 F: +852 2111 0494www.hedgefundintelligence.com

FORUM 2012

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The InvestHedge Forum 2012 Programme

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