Alternative Investments Conference

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Conference Agenda

8:00 – 9:00 a.m.
Registration and Continental Breakfast
Sponsored by

9:00 – 10:15 a.m.
Regulatory Issues in Hedge Funds

Craig Fulton, Associate
Conyers Dill & Pearman

Bruce Karpati, Assistant Regional Director
U.S. Securities & Exchange Commission

Michael G. Tannenbaum Esq., Partner
Tannenbaum Helpern Syracuse & Hirschtritt LLP

This session will explore the current regulatory issues that hedge funds and their advisers are facing within the U.S and in the Cayman Islands. Key areas of focus will be:

• SEC proposal - Changes in accredited investor requirements and Anti-Fraud Rule 206
• Investor protection
• Conflicts of interest
• SEC registration/examinations update
• Enforcement actions
• Cayman new e-filing requirements
• Responsibilities of directors

10:15 – 10:30 a.m.
Break

10:30 –11:45 a.m.
Technical and Operational Issues in Hedge Funds

Stuart Farr, Chief Executive
Linedata Services - Beauchamp Hedge Fund Solutions

Marina W. Lewin, Managing Director, Head of Relationship Management and
New Business Development
The Bank of New York, Alternative Investment Services

Gary Witt, Managing Director
Moody’s Investors Service

This panel will look at hedge fund operations and current trends in optimizing operational controls and efficiencies from both a business process, and IT software perspective. Topics will include:

• Operating models including third party and internal oversight
• Operational implications from asset class convergence
• Performance reporting
• Consolidation/integration issues
• Resource challenges: supply, demand and retention

12:00 noon – 1:30 p.m.
Luncheon Keynote Address
Hot Topics in the Hedge Fund Space

Joel Press, Managing Director
Morgan Stanley Prime Brokerage

NICSA is pleased to welcome Joel Press, recently appointed Managing Director at Morgan Stanley Prime Brokerage. Joel is responsible for senior relationships and identifying strategic business opportunities.

Prior to Morgan Stanley, he served as the Head of the Global Hedge Fund Practice at Ernst & Young from 1989-2006. While there, he helped build one of the leading hedge fund practices, with over 1100 professionals, and advised hedge funds on business strategy as well as accounting and tax issues.

Joel will share with us his views on the challenges and opportunities that lie before us in the Alternative Investments space.

1:30 – 2:45 p.m.
Valuation for Hedge Funds

Raj Gadkari, Managing Director
Bear, Stearns & Co. Inc.

Denis Kissane, Global Head of OTC Pricing and Risk,
Alternative Funds Division
HSBC Fund Administration (Ireland) Limited

Matthew Nelson, Senior Analyst, Investment Management
TowerGroup

This panel will focus on the complex issue of valuation for hedge funds, with a focus on derivative transactions and other illiquid securities. Discussion will include:

• Guidance from FASB
• Pricing services, prime brokers, counterparties and market makers in the valuation process
• Transparency and disclosure of valuation policies and procedures

2:45 – 3:00 p.m.
Break

3:00 – 4:15 p.m.
Investor Reporting and Communications Issues

Eric Bertrand, Head of Operations
BISYS Hedge Fund Services Limited

Nadia Small, Director of Investor Services, Alternative Investments
UBS Financial Services Inc.

Paul M. Weisenfeld, Chief Operating Officer, Citigroup Global Wealth Management AI
Citigroup Inc.

Experts from the hedge fund industry will discuss current business, legal
and administrative issues encountered in investor reporting and
communications. The panel will address several aspects of investor
communications, including performance reporting, marketing and
advertising, web-based communications, disclosures and portfolio
transparency.

Special Thanks:

Media Partners

CPE Information

NICSA is pleased to offer this group-live learning activity to attendees who are seeking CPE credits. Up to 6 CPE units may be available for attendees of this conference. The conference sessions require no advanced preparation, no pre-requisite study and are appropriate for all who have a basic understanding of the investment management industry.

NICSA is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses of CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org