• Understanding the difference between portable alpha and absolute returns
• What can portable alpha strategies do to improve your fund?
• Risk free-retrun, returns from betas and return from alphas

• Achieving greater congrol over exposure to alpha and beta
• The effect or porting alpha on the risk/return relationshiop
• Understanding the optimal alpha portfolio
• Best practices for stripping out the beta component

• Where are the costs coming from?
• How to monitor cost and keep your beta management fees down
• How can they be minimised without reducing the alpha?

·    Macroeconomic context

·    Global - what’s happening the hedge fund universe?

·    Scandinavia - what’s new in 2006

·    How have legal and regulatory changes in Scandinavia impacted upon the Nordic industry?

·   Why correlation doesn't show investors what they think it does

·   Why leverage is a misleading indicator of risk

·   Statistical measures to supplement correlation

·   What makes us tick

·   How to handle growth of assets

·   Adapting and adjusting your methodology in a dynamic and changing world 

·   How did Nordic managers out-perform their European counterparts?

·   Reducing total portfolio risk through diversification

·   Is the industry growth sustainable?

·   Measured growth over rapid expansion?

·   Time for consolidation?

·   What is structuring?

·   What are the criteria of a successful structuring?

·   Is it only a capital guarantee or is there something else in structuring?

·   The benefits of leveraging

·   Case studies

·   Assessing the instruments available to manage risk

·   Optimising risk, rather than minimising requests – in-depth understanding of how the portfolio is constructed

·   Understanding the counterparty exposure

·   How to create an investment platform designed to overcome the market barriers of hedge fund investing

·   How will investors benefit by offering investors access, insight and control

• How to obtain capital appreciation by investing directly in financial derivatives in the electricity market
• Undertstanding Nordpool
• Where is the next niche?

·   Functionality of Equity Swap ETFs

·   Quantitative Sector Models

·   Sector Rotation with Swap ETFs

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·   An analysis of cat bonds and their markets

·   An analysis of weather derivatives and their markets

·   How to incorporate cat Bonds and weather derivatives into your hedge fund

·   Other new insurance related financial products

·   Who does what in commodities markets – producers, consumers, traders, investors?

·   How to build and manage a properly diversified fund of commodities hedge funds?

·   What are the sources of return in these highly volatile markets?”

·   Sink or swim: how to succeed when the market swells

·   How to set yourself apart

·   The hot money in 2006

·   Understanding the legal and regulatory changes in the Nordic region

·   Exploring new confidence in the Danish & Norwegian financial sector

·   How have funds developed in Denmark since July 1 2005?

·   Exploring new potential in Norway?

·   Onshore vs. domiciliation

·   Case study investigation

·   Importance of due dilligence

·   Allocations to less liquid strategies

·   Differentiation in a crowded market

• Industry growth
• Entrance of mainstream managers
• Hedge fund consolidation

·   What is at stake?

·   Introducing the “pure alpha concept”

·   Will the industry deliver products?

·   Are hedge funds a solid investment in 2006?

·   Are higher fees, higher competition, and low short-term interest having an effect?

·   How volatility management reduces returns and increases risks

·   Finding the resources to monitor your hedge fund investments

·   Do Nordic and international investors want the same investment opportunity?

·   What does the new ‘traffic light system’ mean for the industry?

·   Analysing the impact of deregulation; following the hunt for long bonds

·   Why the traditional risk model is broken

·   With what should we replace it?

·   Where do hedge fund returns fit into the new age of risk analysis?

·   How do they measure up against other asset classes?

·   In-house vs. outhouse?

·   Pensions considering the cost, culture and knowledge required for in-house selection

·   Compromise?: FoHFs building a core portfolio of newer managers, then developing a parallel investment program in more established multi-strategy hedge funds themselves

·   Outlook for ‘traditional’ hedge fund strategies

·   Opportunities in newer strategies

·   Seeding and investing early in hedge funds

·   How to enhance returns in fund of hedge funds

·   How to avoid over diversifying

·   Who offers and uses F3s?

·   Do they represent value for money?

·   Is this a microcosm of a wider issue of an increasing lack of trust in single managers?