Whilst Latin American hedge funds are highly desirable from the perspective of diversification and high returns, different regulatory environments and market dynamics pose challenges for all investors. Structured solutions offer a way forward by tailoring the risk / return profile in a format which offers significant advantages. This workshop will strengthen your understanding of how structured products work and how they can be incorporated into your strategy.

-          Risk management benefits

-          Portfolio diversification

-          Risk transfer

·         Classifying groups of investors according to risk preferences

·         Most attractive features for investors

·         Integrating structured solutions into overall investment strategy

·         Where will the majority of demand come from?

·         Focus on structured solutions for HNWIs

·         Product Trends

-          Comparative value of equity-linked and fixed income products

-          Specific risks in Latin American equity and fixed income markets

-          The importance of transparency and liquidity

-          Using hedge fund indices

-          Methods of structuring hedge fund products

·   US pension funds increasingly allocating to emerging markets

·   What are the drivers for pension funds and hedge funds?

·   Choice and liquidity – the keys to expanding the investor base

·   Assessing the permanence of the current positive international environment (low interest rates, high commodity prices and good US growth)

·   What reforms are needed to strengthen and develop capital markets in the region?

·   Different problems = different solutions: the implications for hedge funds and investors

·   Who are the players? Expect different styles: credit, event driven, momentum traders, long short

·   Difference between long only and true hedge fund managers

·   Background: old wounded veterans vs. young bull traders

·   Risk management: is LatAm really hedgeable? Liquidity traps, euphoric and depressive markets

·   NYC vs. Sao Paolo: where should a Brazilian hedge fund be?

·   Numbers do not lie, or do they? Investing vs. trading: in LatAm, trading wins!!

·   How do you consistently post great numbers in Latin America?

·   Latin markets - how are the opportunities different from developed markets?

·   Does the job get easier with experience or harder with increased focus?

·   Dangers ahead? What are the most important risks to avoid?

• Trading environment and clearing structure
• Prodcut grid and liquidity depth
• How to get there - from registration to execution

Brazil is the leading market and has traditionally focused on fixed income. With more equity securities in the market, how are hedge fund strategies adapting? How will the new investment law impact on hedge funds and their investors?

Argentina’s hedge funds have been synonymous with the aftermath of the country’s credit defaults. Will the road to recovery be as smooth as investors hope and what does this mean for hedge fund investing? Chile has one of the most stable economies and advanced finance sectors in Latin America but what are the prospects for a Chilean hedge fund industry?

·   What concerns prevent greater LatAm investment? – liquidity concerns

·   How should investors make their allocation decisions?

·   What should fund managers be doing to make life easier for investors?

·   Decision factors / criteria for optimal allocation: aligning investors’ goals with fund choice

·   Typical investor strategies: balancing fund strategies and styles

·   Effective due diligence

·   Addressing client needs in Latin America: investors, fund managers and fund sponsors

·   Overcoming enduring risk perceptions

·   The challenges: regulation; qualitative due diligence; communication/automation; credit facilities; secondary markets

·   Current patterns of investment: where are investors going?

·   Emerging contenders – which are the next hot areas?

·   Implications for investment strategy

·   Competitive advantage of a local focus on regional funds

·   LatAm’s role in global growth

·   Domestic markets growth perspectives: fixed income dominance & new equities?

·   What new instruments are available?

·   How much crossover is there between hedge funds and private equity?

·   What has been done elsewhere? Typical investor strategies

·   Decision factors / criteria for optimal allocation – liquidity and lock-ins

·   Architecture of a managed accounts platform: Lyxor managed accounts platform case study

·   A new generation of products linked to hedge funds: investable hedge fund indices (multi strategy / mono strategy); principal protected products linked to hedge funds

·   Industry trends

·   Why use structured products in Latin America?; Regulatory environment in Latin America

·   Risk transfer – managing liquidity and returns

·   Constructing the solution: underlying asset classes

·   Tailoring the risk/return profile

·   How different is the Brazilian hedge fund industry from a risk management perspective?

·   Specific risk factors that investors need to consider

·   Current practices in risk management: research data on processes and techniques

·   Live demonstration: how a Brazilian fund manages risk

Learn about the principal hedge fund strategies and specific hedge fund opportunities in this innovative session. Speakers will be confirmed in advance of the conference so please refer to the website for the latest updates.

·   Tax environment – where is best?

·   Regulation – how does it affect your fund launch & administration?

·   Product structures – how to grow your AUMs

·   Non-tax advantages to off-shore jurisdictions

·   How many fund of funds are investing in LatAm?

·   Does diversification justify extra cost?

·   Implications for risk management procedures

The chairman will ask the delegate audience a number of questions about their views on Latin American hedge fund investing. Responses will be recorded to provide a live survey of delegates’ thinking and how it has been affected by the conference. Audience feedback is actively encouraged during this session.