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DAY ONE Tuesday 13 June 2006: Sector Trends & Opportunities
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| 08.00 | Registration and breakfast
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| 08.45 | Chairperson’s welcome and opening address
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| | Kirby Daley, Vice President, Capital Introductions Asia, Fimat Division,
Societe Generale Securities (North Pacific) Ltd
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| WINDS OF CHANGE |
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| 09.00 | KEYNOTE: Time for an oil change: Facing the truth about oil, the looming energy crisis and the implications for civilisation as we know it
- Declining oil reservoirs: What is economically recoverable and how much can we rely upon technology?
- The myth of spare capacity: Why the oil industry is downsizing, merging, outsourcing and not investing in new reserves. Is this telling us something?
- Global energy wars, industrial slowdowns, mass starvation: Scaremongering or a real threat?
- Alternative energy to the rescue? Are we too late to avoid an energy gap?
- What are the implications for energy related investment strategies and what kind of investments will do well in an energy starved world?
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| | Kjell Aleklett,
University of Uppsala
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| 09.30 | KEYNOTE: Big picture analysis of commodities: Factors fuelling the boom & why you should invest
- The "paper" era: How we got here?
- Rampant monetary inflation: Why the money supply will continue to surge!
- Historical perspective: How long will the bull-market last?
- Negative correlation: Why financial assets will under-perform commodities over the coming decade!
- Emergence of Asia: How China & India will impact commodities?
- Wealth Protection: Why you should buy energy, metals and agricultural commodities
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| | Puru Saxena, Chief Executive Officer,
Puru Saxena Wealth Management
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| 10.00 | Analysing commodity trends: Perspectives from a Market Wizard
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Approaches to analysing markets
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Trading and investment philosophy: Follow the trend
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Perfecting the psychology of trading |
| | Victor Sperandeo, Investment Advisor,
Diapason Sperandeo L/S Commodity Fund
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| 10.30 | Morning networking session and refreshments
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| DETERMINING RISK PREMIUMS |
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| 11.00 | China and India as emerging superpowers: What effect will
this have upon the US engine of growth and commodity markets?
- The fate of the Greenback against the Yuan
- How might Avian Flu and another Middle East conflict influence international commodity and currency markets: The winners and losers?
- Assessing precious metal as an alternative reliable currency
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| | Pippa Malmgren, President,
Canonbury Group
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| 11.30 | Energy terrorism: The effects of terrorism on energy
infrastructure, and the commodity markets
- The rise of the military entrepreneurs in the Middle East and beyond
- Attacks on oil infrastructure and the supply chain
- Asian targets: Singapore; Straits of Malacca; Indonesia and the Philippines
- Can we expect more shut downs or will new security measures be sufficient?
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| | Rohan Gunaratna, Head of the International Centre for Political Violence and Terrorism Research,
Institute of Defence and Strategic Studies
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| NOT JUST A YELLOW METAL |
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| 12.00 | Uranium investments in an age of global warming
- The uranium bull: Supporting the Asian superpowers’ quest for growth
- Nuclear vs. the renewables: Addressing public opinion in Australasia and beyond
- Uranium supply bottleneck: Yellowcake; secondary sources; and sales restrictions
- Comparing the nuclear energy investment strategies: Pure uranium; mines; infrastructure; equipment; and uranium enrichment
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| | Jim Letourneau, Founder and Editor,
Big Picture Speculator
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| 12.30 | PANEL: Gold, silver, and precious metals: Mine supply,
industry demand, and value as an alternative currency in
unstable times
- Gold: Why gold is the perfect asset for your portfolio!
- Silver: Is silver the next big thing in global markets?
- Platinum: Will record prices fuel more supply?
- Palladium: Will China’s jewellery demand and palladium catalysts push up prices?
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| | Philip Klapwijk, Executive Chairman,
GFMS Limited Frederic Panizzutti, Senior Vice President,
MKS Finance/PAMP
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| 13.00 | Networking luncheon for sponsors, speakers and delegates
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| BASE METAL BOOM |
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| 14.00 | Steel and coking coal
- Demand requirements and capacity expansions: Will China slow down, will India speed up?
- Net trade impact: How will this impact on the international market price for steel and raw materials?
- Will India follow the same development as China, or will India just supply iron ore?
- The coking coal market
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| | John Johnson, Chief Representative China,
CRU International Luc Bohyn, Director,
Roa Mining Company Ltd
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| 14.15 | Consumption trends for base metals and coking coal: The implications for investors
- Demand requirements and capacity expansions
- Coking coal supply: From feast to famine
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| | Stephen Hartwell Greer, Chief Executive Officer,
Smorgon Hartwell Recycling Ltd Luc Bohyn, Director,
Roa Mining Company Ltd Ashwan Malhotra, Vice President,
Bache Financial Derivatives Ltd Brian E. Felske, President,
Brian E Felske & Associates Ltd Moderator:
James Regan, Senior Journalist,
Reuters
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| 15.00 | SPEED NETWORKING
 Delegates and speakers are introduced to each other in a series of mini meetings, which will give you the chance to meet everyone at the conference and exchange contact details. Remember to bring lots of name cards! |
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| 15.15 | Afternoon networking session and refreshments
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| ENERGY INVESTMENT IN THE AGE OF PEAK OIL |
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| 15.45 | PANEL - Reviewing the green energy investment options from the perspective of commercial viability and investment returns
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Green investments as a SRI strategy vs. a real return strategy
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Energy majors strategies regarding renewable energy solutions
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Alpha vs. beta approaches to green investment |
| | Stephan Wrobel, Partner,
Diapason Commodities Management Tom James, Principal, Energy Markets Practice,
Deloitte & Touche LLP Ben Atkinson, Founder,
Agrinergy Ltd Moderator:
Roland A Jansen, CEO,
Mother Earth Investments AG
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| ALTERNATIVE ENERGY TO THE RESCUE? |
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| 16.30 | Understanding OTC tools and oil products dynamics
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Liquidity issues: most traded oil products, players and typical transactions
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Relationship among oil products: From Fuel Oil to Jet Fuel
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Arbitrage and other opportunities: physical trade, refinery optimisation, geopolitics and other drivers of the financial oil markets |
| | Tom James, Principal, Energy Markets Practice,
Deloitte & Touche LLP
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| 17.00 | The new atomic dawn: Building the next generation of nuclear power plants in Asia
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Assessing the plans for China, India and the wider Asia region: More than 70 plants in the next 25 years
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Energy security, safer technology and carbon threats: Good enough reasons to combat political risk?
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Assessing the revenue streams: How long before payout?
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Where are the opportunities for investors regarding reactor construction? |
| | Stephen W Kidd, Director of Strategy and Research,
World Nuclear Association
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| 17.30 | Close of Conference Day 1
Please join us for complimentary networking cocktails with
entertainment
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DAY TWO Wednesday 14 June 2006: Profitable Investment Strategies
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| 09.00 | Chairperson’s welcome and opening address
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| | Thomas J. McMahon, Director, Asia Region,
New York Mercantile Exchange
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| THE BOOM-BUST CYCLE |
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| 09.10 | KEYNOTE: A tale of scarcity and abundance: Assessing global monetary trends and their impact upon commodity markets
- Assessing the position of the boom-bust cycle
- Central bank intervention and its effect on commodity markets and currency
- The interplay of commodities and the other main asset classes
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| | Sean Corrigan, Chief Investment Strategist,
Diapason Commodities Management
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| 10.00 | How to benefit from scarcity: Macro environmental trends supporting commodity investment
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| | Greg Smith, Executive Director,
Global Commodities Ltd
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| 10.30 | Morning networking session and refreshments
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| HERE COMES THE ENERGY HEDGE FUNDS |
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| 11.00 | PANEL: Investment issues to be considered by investors
when establishing a diversified portfolio with commodity
assets investments
- Resource equities vs. direct commodity purchases
- Addressing the volatility issue: Is this the main obstacle?
- What percentage should you allocate to commodities? (Retail or Institutional?)
- Commodity funds vs managed futures vs commodity based structured products
- Can a portfolio of managed futures combined with a commodity index fund lower volatility?
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| | Christopher Wyke, EMD Product Manager, Emerging Market Debt,
Schroders Stewart Aldcroft, Regional Director, Asia,
Noble Investement Hong Kong Limited Peter McGuire, Co-Founder and Managing Director,
Commodity Warrants Australia
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| 11.30 | Understanding the drivers for passive commodity investing
in the context of an evolving asset class
- How evolving commodity market fundamentals and futures markets are changing the game for commodity investors
- Comparing commodity indexes and direct commodity investment strategies
- Achieving optimum product performance: Relative value and product choice
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| | Torsten de Santos, Head of European Investor Commodity Structuring,
Barclays Capital
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| 12.00 | Risk management challenges of hedge funds trading commodity derivatives
- Addressing the primary challenges: Time to market; raising capital; and risk measurement
- Risk management best practice: Valuation; data and reporting requirements
- New management tools
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| | Raj Mahajan, President,
Kiodex, Sungard Trading and Risk Systems
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| 12.30 | PANEL: Big time, big stakes energy trading and the effects that hedge funds have on energy markets
- New opportunities: Convergence of clearing platforms, the breaking down of barriers to entry, lowering costs and time taken to enter the commodity markets
- Market developments: Oil; gas; coal; electricity; carbon; & renewables
- The trend of investment vehicles for commodity markets: Hedge funds, structured investments
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| | Raj Mahajan, President,
Kiodex, Sungard Trading and Risk Systems Christian S Jansen, Managing Partner,
Plenum Investments AG Kevin Harrington, Managing Director,
Clarium Capital Management Moderator:
John S Wisnioski, Chief Investment Officer,
BaseTen Capital Management
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| 13.00 | Networking luncheon for sponsors, speakers and delegates
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| FINDING THE ALPHA EDGE IN NATURAL RESOURCES |
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| 14.00 | Water as an emerging asset class: A reservoir of wealth in
a thirsty world
- Demand for water and water treatment: Up to $600 billion required for 2007
- Trends in privatisation, environmental standards, and dividend payments
- Water hedge funds trading long-dated water rights
- Water fund management
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| | Rod Parsley, Portfolio Manager,
Terrapin Asset Management
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| 14.30 | Cutting edge in innovation: Managed collateralised commodities obligations
- Use securitisation technology to create a debt-style payoff
- Structurally similar transaction to the traditional CSO
- Enhanced real yield with synthetic commodity exposure
- Standard & Poors rated
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| | Jeffrey J. Sherman, Vice President, Multi-Strategy Fixed Income/Commodities,
Trust Company of the West (TCW)
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| 15.00 | Building value by adding timber to your portfolio: Meeting China’s demand for timber products
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Analysis of China’s timber needs
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Production and trade in timber
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Direct and indirect private investment models
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How can investors and conservationalists work together, and how does this affect the investment? |
| | Allen T.Y. Chan, Chairman and CEO,
Sino-Forest Corporation
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| 15.30 | PANEL: How will China revolutionise the international CDM market and what are the opportunities for investors?
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How are the Carbon Markets developing both globally and across Asia?
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Forestry Carbon Sinks and pricing CDM AR (afforestation/reforestation)
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Impact of Carbon portfolio management & diversification?
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Carbon trading strategies |
| | Chao Li, Investment Manager,
European Carbon Fund Neil Cohn, Managing Director,
Natsource Andrew Grant, MD,
CO2 Australia
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| 16.00 | Chairperson’s closing remarks and end of conference
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Post-Conference Masterclass C: Thursday 15 June 2006 (morning)
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| Enhanced returns! How to master the new third generation commodity investment products |
Introduction:
This workshop will give you an overview of the commodity-linked products available to investors and how to manage them in a portfolio. Emphasis will be put on the latest innovations which are the third generation commodity-linked structures.
About your Masterclass leaders:
Torsten de Santos
Director, Commodity Investor Solutions
Barclays Capital, UK
Philip Kemke
Associate Director, Commodities Investor Solutions
Barclays Capital, Singapore
Torsten manages the Barclays team that facilitates the development and engineering of commodity linked structures for institutional investors. He was previously with Goldman Sachs where he was an Executive Director on the Commodity Investor Sales desk marketing the GSCI and creating index related structured products, derivatives and swaps. Torsten can be contacted on: Torsten.deSantos@barclayscapital.com
Philip is responsible for Barclay’s Commodity Investor Solutions business in the Asia-Pacific region. He assists clients with all of their commodity investment requirements including structuring tailored products to meet i n d i v i d u a l n e e d s . P h i l i p c a n b e c o n t a c t e d o n :
philip.kemke@barclayscapital.com
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| 08.00 | Registration for Masterclass C begins
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| 09.00 | Masterclass C commences
- 1st generation: Commodity Index Swaps & Index Trackers against benchmark commodity indices
- 2nd generation: Commodity linked notes based on directional views (first order characteristics) as well as modified index swaps designed to outperform benchmark indices
- 3rd generation: Non-directional option-based payoffs (second order characteristics) including:
- Exotic Options taking advantage of historic high volatilities and correlation;
- Collateralised Commodity Obligations (CCO); and
- Managed CCO transactions
- How to capture the risk premium inherit in the commodity markets
- How to extract value from commodity forward, volatility and crosscorrelation curves
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| 12.30 | End of Masterclass C
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| 13.00 | Networking luncheon for all Masterclass delegates
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