| Agenda At a Glance
| 4:00pm |
Pre-Registration |
| 6:00pm -8:00pm |
GAIM Ops Cayman Charity Night |
|
| 7:30am |
Registration |
| 8:00am |
Opening Remarks by Conference Chairperson
Norm McGregor, Partner, DELOITTE & TOUCHE |
| 8:15am |
Reorganization of the Hedge Fund Industry – What
Role Does Operational Risk Management Play in the
Allocation Strategies for End Investors
Moderator: Marina Lewin, Managing Director, Alternative
Investment Services, THE BANK OF NEW YORK MELLON
Mark K. Hannoush, CA, CFA, Senior Manager, Operational
Due Diligence, Investment Finance,
ONTARIO TEACHERS’ PENSION PLAN
Carlos Ferreira, Head of Operational Due Diligence,
LGT CAPITAL PARTNERS
Marc Towers, Director of Operational Due Diligence, PAAMCO |
| 9:00am |
Collaborative Approaches to Mitigating Financial and
Operational Risk – Exploring Ways the Investment and
Operational Due Diligence Teams Work Together to
Make More Informed Investment Decisions
Moderator: Jay Nicholas, Executive Director and Senior
Investment Officer, UBS ALTERNATIVE AND QUANTITATIVE
INVESTMENTS
John Ward, Chief Operating Officer,
NOMURA FUNDS RESEARCH & TECHNOLOGIES AMERICA
Mike Paciullo, Global Head of Operational Due Diligence,
PIONEER ALTERNATIVE INVESTMENTS
Lance Fraser, Managing Director and Global Head of Hedge Fund
Operational Due Diligence, MERRILL LYNCH |
| 9:45am |
DELOITTE KEYNOTE
Ellen Schubert, Chief Advisor to the Asset Management Services, DELOITTE & TOUCHE |
| 10:15am |
Morning Break |
| 10:45am |
Recovering Investors’ Trust –Investors Discuss Their
Requirements and How Top Funds are Delivering on
Transparency, Terms and Disclosures
Eric Lazear, Head of Operational Due Diligence, FREY QUANTITATIVE
STRATEGIES
James Newman, Director, Operational Due Diligence,
ERMITAGE ASSET MANAGEMENT
Scott Hankins, Hedge Fund Operations Analyst,
MISSOURI STATE EMPLOYEES RETIREMENT |
| 11:30am |
WALKERS KEYNOTE
Laurin Kleiman, Partner, SIDLEY AUSTIN LLP |
| 12:00pm |
Renegotiating the Industry Standard – The New
Fee Structures Being Put into Place to Align Liquidity
Terms & Lock-Up Periods to Underlying Securities
Moderator: Michael Tannenbaum, Partner & Co-Founder,
TANNENBAUM HELPERN SYRACUSE & HIRSCHTRITT
Charles Cassidy, Director, CAMBRIDGE ASSOCIATES
Jeffry Haber, Controller, THE COMMONWEALTH FUND
|
| 12:45pm |
Luncheon Keynote
Trust and Delegation: A Presentation of the Results from Comprehensive Study of Industry Due Diligence Reports
Bing Liang, Professor of Finance, Isenberg School of Management, UNIVERSITY OF MASSACHUSETTS AMHERST |
| |
TRACK A
OPERATIONAL DUE DILIGENCE |
TRACK B
FUND GOVERNANCE & INVESTOR RELATIONS |
TRACK C
LEVERAGE, LIQUIDITY & CASH MANAGEMENT |
| 2:15 |
Creating Operational Due Diligence Best
Practices in Environment of Cost Cutting
and AUM Reductions
Alan Swersky, Director,
DUFF & PHELPS
Dan Federmann, Managing Director & CFO,
PROTEGE PARTNERS
David Finn, Chief Financial Officer,
ABS INVESTMENT MANAGEMENT
Helaine Rosenbaum Dryden, General Counsel & Chief Compliance Officer, EPISTEME CAPITAL PARTNERS |
Balancing Investors’ Needs with
Managers’ Performance Incentives in
Negotiation of Key Prospectus Terms
Moderator:Kevin Scanlan, Partner, DECHERT, LLP
Michael Lynch, Due Diligence Manager,
FAUCHIER PARTNERS CORPORATION
Leor Shapiro, Vice President - Operational Due Diligence, ERMITAGE AMERICAS INC. |
Balancing Liquidity and Performance
–Increasing Liquidity without Reducing
Fund Performance
Dr. Ranjan Bhaduri, Managing Director and Head
of Research, ALPHAMETRIX ALTERNATIVE
INVESTMENT ADVISORS |
| 2:50 |
Tailoring the Due Diligence Process to
Various Hedged Strategies
Moderator: Lauri Martin, Partner, PRISM ADVISORS
Greg Ciaverelli, Director – Operational Due
Diligence, PRIVATE ADVISORS
Wesley Tellie, Vice President, ROYAL BANK OF CANADA CAPITAL MARKETS
Ken Chapple, CFO, SANDALWOOD SECURITIES
Ed Rogers, CEO, ROGERS INVESTMENT
ADVISORS |
Due Diligence on Fund Governance
Practices
Terry Raby, Operational Risk Manager,
UNIVERSITIES SUPERANNUATION
SCHEME LIMITED
Gary Linford, Managing Director, DMTC GROUP
Eric Maidenberg, Managing Director, Business Managers, UBS ALTERNATIVE AND QUANTITATIVE INVESTMENTS |
What is the New Leverage Environment?
Will Credit Return to Funds of Funds and
Hedge Funds
Ron Suber, Senior Partner & Head of Global Sales, MERLIN SECURITIES
Christopher Kundro, Co-CEO, LACROSSE GLOBAL FUND SERVICES
|
| 3:25 |
Afternoon Break |
| 3:50 |
Hedge Fund Restructurings and Work Outs
Moderator: Andrew Smith, Co-Founder & President, HOULIHAN SMITH & CO.
Michael Tannenbaum, Partner & Co-Founder, TANNENBAUM HELPERN SYRACUSE & HIRSCHTRITT
Dan Posner, Managing Director, D.E. SHAW & CO.
Bill Butrym, Senior Managing Director, HOULIHAN SMITH & CO. |
Best Practices Approach for Funds'
Boards and Directors
Matt Auriemma, Head of Operational Risk Management,
UBP ALTERNATIVE INVESTMENTS
John Lewis, Director, DIRECTORSPLUS LIMITED
Scott Lennon, Senior Vice President, WALKERS
Don Seymour, Managing Director, DMS MANAGEMENT LTD |
Counterparties 2.0 – Looking At the
Next Generation of Prime Brokerage
Relationships
Darilyn T. Olidge, Director and Counsel,
CREDIT SUISSE
Lisa Conrad, Chief Compliance Officer,
ANGELO GORDON & COMPANY |
| 4:25 |
In-sourcing Versus Outsourcing –
Employing Third Party Vendors to Ensure
Sound Business Operations and Provide
Cost Savings
Moderator: Michelle Bader, Manager,
DELOITTE & TOUCHE LLP
Tim Barefield, COO, PERSHING SQUARE CAPITAL MANAGEMENT
Chad Elson, Chief Operating Officer, SOUTH
STREET CAPITAL MANAGEMENT
Alex Wise, Managing Director, ASIAN ALPHA |
Manager Due Diligence on Investors –
Examining the Trendamong Managers
to Cross Check Investor Preferences
Against Current Investor Composition to
Protect All Investors’ Interests
Boris Onefater, Founder, CONSTELLATION
INVESTMENT CONSULTING |
Innovations in Custodial Arrangements to Mitigate Risk at Prime Broker
Tommy Jansson, Due Diligence Analyst,
FAUCHIER PARTNERS
Ron Suber, Senior Partner and Head of Global
Sales, MERLIN SECURITIES |
| 5:05 |
WORKING GROUP INTENSIVES – STRUCTURED TOPIC TABLES AND RECEPTION
- Structuring a UCITS III Compliant Vehicle: Joseph K. Meyer, President & CEO, COMPASS ADVISORS
- SPVs — How Will the Unwinding & Wrap-Up of SPVs Take Place?: Eric Lazear, Head of Operational Due Diligence, FREY QUANTITATIVE STRATEGIES
- Managing the Costs of the Compliance Function: Halit Coussin, Chief Compliance Officer, PERSHING SQUARE CAPITAL MANAGEMENT
- Seeding & Incubating Funds in Light of Increased Pressure on Funds to Have Robust Back Office Functionality: Stacie Yates, Managing Director and
General Counsel, PROCTOR INVESTMENT MANAGERS
- Due Diligence on Valuation – What Questions Should you Ask?: Murray Grenville, Chief Executive Officer, STERLING VALUATION GROUP, INC.
|
|
| 6:15 |
Reception Concludes |
|
|
| 7:30am |
Registration |
| 8:00am |
Opening Remarks by Conference Chairperson
Ingrid Pierce, Partner, WALKERS |
| 8:15am |
The Premier's Speech
The Premier, the Honourable W. McKeeva Bush OBE
Cayman Islands Government |
| 8:30am |
Perspectives on Evaluating Portfolio Risk in Fundamentally Driven Hedge Funds
Scott A. Merves, Managing Partner & Senior Portfolio Manager, BROADARCH CAPITAL
Andrew Rabinowitz, Chief Operating Officer & Partner, MARATHON ASSET MANAGEMENT |
| 9:15am |
The Expanded Role of Government in Hedge Funds – Understanding the New Regulatory
Framework, Toxic Asset Programs and Capital Inflows
Andrew Rabinowitz, Chief Operating Officer & Partner, MARATHON ASSET MANAGEMENT
Joel Press, Managing Director, MORGAN STANLEY
Bart Cocales, Managing Director and Global Head of Operational Due Diligence, BLACKROCK |
| 10:00am |
UBS KEYNOTE
Kai R. Sotorp, Head of Americas and Member of the UBS AG Group Managing Board, UBS GLOBAL ASSET
MANAGEMENT |
| 10:30am |
Morning Break |
| 11:00am |
Identifying Winning Cultural Elements That Define Success for an Investment Management Company: The Difference Between Managing a Portfolio and Managing a Business
Moderator: Blaine Klusky, AMICUS IIR
Brian Tsai, Chief Operating Officer, EQUINOX PARTNERS
David Silvera, Managing Director, ROSEMONT INVESTMENT PARTNERS
Nicholas Botta, Chief Financial Officer, PERSHING SQUARE CAPITAL MANAGEMENT |
| 11:45am |
INDUSTRY FEEDBACK SESSION: AIMA, Hedge Fund Working Group and President’s
Working Group – Leading Funds of Funds Discuss A Cost-Benefit Framework for
Implementing Processes Outlined By Best Practice Reports
Moderator: Christopher Holt, Editor-in-Chief, ALLABOUTALPHA.COM
Margaret M. Towle, Managing Director, GREYCOURT & CO
Charles Cassidy, Director, CAMBRIDGE ASSOCIATES
Kevin Scanlan, Partner, DECHERT, LLP
|
| 12:30pm |
Lunch |
| |
TRACK A
VALUATION DUE DILIGENCE |
TRACK B
FUND GOVERNANCE & INVESTOR RELATIONS |
TRACK C
LEVERAGE, LIQUIDITY & CASH MANAGEMENT |
| 1:30 |
EXTENDED SESSION
Case Studies in Valuation – Valuation Experts Discuss the
Types of Valuations Being Conducted, the Appropriateness
of Models for Various Instruments and Observations on the
Pricing Function for Their Clients
|
US Administration Update- How the OECD White List, Carried
Interest Provision, and Potential Restructuring of Off-Shore
Swaps Will Affect Hedge Funds Doing Business in Cayman and
the US
Edward Dougherty, Partner, DELOITTE & TOUCHE
|
Weighing the Benefits of Separately Managed Accounts
Against the Costs of Implementation
Moderator: Samuel Weiser, COO & CCO, HEDGEMARK
Christopher Kundro, Co-CEO, LACROSSE GLOBAL FUND SERVICES
Greg Robbins, General Counsel, MESIROW ADVANCED STRATEGIES |
| 2:00 |
Murray Grenville, Chief Executive Officer, STERLING VALUATION
Richard J. Buttimer Jr., Professor of Finance, Belk College of Business,
UNIVERSITY OF NORTH CAROLINA |
FASB Updates – Interpreting FAS 157, FIN 48 and SAS 70
Moderator: Joseph S. Fisher, Partner, NY Hedge Fund Audit Leader,
DELOITTE & TOUCHE
Ken Chapple, CFO, SANDALWOOD SECURITIES
Nathan Abegg, Director, DELOITTE & TOUCHE
Edward Dougherty, Partner, DELOITTE & TOUCHE |
Setting up the Controls Structure of an SMA to Achieve Greater
Transparency and Liquidity
Moderator: Samuel Weiser, COO & CCO, HEDGEMARK
David Reid, Managing Director, SS&C FUND SERVICES
Daniel Levinson, Partner & Chief Operating Officer, ATALAYA |
| 2:30 |
Due Diligence of NAV – Scrutinizing Valuation Procedures to
Provide Consistency and Ensure Proper Controls Are in Place
Moderator: Fred Jacobs, Managing Director, SS&C FUND SERVICES
Brian Medwig, Senior Associate – Operational Due Diligence,
GOTTEX FUND MANAGEMENT
Kenneth A. Meister, Principal & COO, EVANSTON CAPITAL MANAGEMENT
Josh Hall, Partner & Senior Operational Due Diligence Analyst, HERMES BPK PARTNERS |
Creating a Culture of Compliance
Mark Schein, Managing Director & CCO, YORK CAPITAL MANAGEMENT
Lloyd Lipsett, Senior Vice President & ACG, EVERGREEN INVESTMENTS
Don Previti, Global Director of Business Development, RICHARD FLEISCHMAN & ASSOCIATES |
Start-ups, Seeding & Incubating Funds in Light of Increased
Pressure on Funds to Have Robust Back Office Functionality
John Budzyna, Managing Director, Hedge Fund Consulting,
DEUTSCHE BANK
Kevin R. Mirabile, Chief Operating Officer, LARCH LANE ADVISORS |
| 3:00 |
Understanding the Impact of Legal Language on Hedge Fund
Business Operations
Julia Herr, Counsel & Director of Operational Risk,
CADOGAN MANAGEMENT
Jennifer Collins, Head of Business Development & Client Relationships, UBS FUND SERVICES (CAYMAN) LTD.
Ingrid Pierce, Partner, WALKERS |
Managing the Costs of the Compliance Function
Halit Coussin, General Counsel and Chief Compliance Officer,
PERSHING SQUARE CAPITAL MANAGEMENT
Bill Bogle, Managing Partner, NEPC |
Structuring Onshore Versus Offshore Funds
Myles Edwards, General Counsel, AIA CAPITAL MARKETS
Sarah Davidoff, Partner, STROOCK |
| 3:30 |
Afternoon networking on the beach |
|
|
|
| 8: 00am |
Registration |
| 8:15am |
Opening Remarks by Conference Chairperson
Darren Stainrod, Head of Alternative Fund Services, UBS GLOBAL ASSET MANAGEMENT |
| 8:30am |
Moving Forward from Madoff– Understanding How Reputable Fund of Funds Invested
in Madoff, What Procedures Were Overlooked, and What Operational Assessments Will
Prevent Fraud in the Future
Moderator: George Roeck, CFO and CCO, AGAMAS CAPITAL MANAGEMENT
Chris Addy, President & CEO, CASTLE HALL ALTERNATIVES
Juval Aviv, President & CEO, INTERFOR
Julia Herr, Counsel and Director of Operational Risk, CADOGAN MANAGEMENT |
| 9:15am |
Update from the SEC – Shifting the Conversation from “Should We Be Regulated?”
to “How Will We Be Regulated?”
Moderator: Harry Davis, Partner, SCHULTE ROTH & ZABEL
Stuart Kaswell, Executive Vice President & Managing Director, General Counsel, MANAGED FUNDS ASSOCIATION
Uzi Rosha, Chief Compliance Officer, CARVAL INVESTORS |
| 10:00am |
Hedge Funds as Mutual Funds? – What are the New Trends in the Retailization
of Hedge Funds
Stacie Yates, Managing Director and General Counsel, PROCTOR INVESTMENT MANAGERS
Sidney Wigfall, Managing Partner/Consultant-Counsel, BARGE CONSULTING-SCA |
| 10:45am |
Morning Break |
| 11:15am |
Examining the Changing Expectations of the Administrator to Provide Increased
Transparency and Independence to the Pricing Function
Jeff Lisle, Head of Operational Due Diligence Program, ALBOURNE
Sang Kim, Senior Operational Due Diligence Analyst, EIM MANAGEMENT
Brian Broesder, Managing Director, WHITECAP ADVISORS
|
| 11:45am |
EU Directive – Interpretations of the Current Proposal and How It Would Affect the
Alternative Industry Landscape
Karl Hausafus, Chief Compliance Officer, COMPASS GLOBAL INVESTORS |
| 12:15pm |
GAIM Ops Cayman 2010 Concludes |
|
