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Day One Tuesday 14 October 2008
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| CATCHING THE WAVE TO ACTIVE EXTENSION STRATEGIES |
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8am | Registration, morning coffee and tea
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8.50am | Chairman’s opening remarks
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| | Mr Scott Bondurant, Global Head of Equity, Long/Short Strategies, UBS Global Asset Management
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9am | Understanding the what, why, how and where of 130/30strategies
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Is it the latest fad to hit money management?
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What are the motivations for adopting the 130/30 strategy?
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Why is a 130/30 strategy an attractive proposition for investors?
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How do 130/30 strategies work?
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Where do they fit in the investment spectrum?
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9.30am | Identifying Asia-specific challenges and investmentopportunities for the 130/30 strategy
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Why is 130/30 growing so fast and is Asia ready for this?
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Where are the growth opportunities in Asia?
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Will 130/30 fill the product gaps of Asian distributors?
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What is the uptake like in Australia and Japan?
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How receptive will Singapore, Hong Kong, India and Korea betowards 130/30 funds?
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10am | Keynote address: How will 130/30 fit into the asset management space in Asia?
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Examining where institutional investors are searching for yield
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Assessing the new investment model:
- Diversity in asset classes including alternatives
- Alpha / beta separation-integration
- Risk and value propositions
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Exploring financial innovation, specialisation and trends
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10.30am | Morning refreshments
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| INVESTORS TESTING THE WATERS OR TAKING THE PLUNGE? |
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11.10am | Shorting in Asia: Myth vs fact?
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How difficult is it to short in Asia compared to other globalmarkets in terms of cost, availability and regulatory constraints?
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How has the environment changed in the last few years?What are the future trends?
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What are the implications of lenders tightening margins ontrades and how does this affect 130/30?
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| | Moderator: Mr Thomas Gallagher, Director, Prime Finance, Asia Pacific, Citigroup Global Markets Asia Ltd. Mr Scott Bondurant, Global Head of Equity, Long/Short Strategies, UBS Global Asset Management
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11.50am | Assessing the appetite and appeal of 130/30 strategies inAsia Pacific
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Are 130/30 funds an optimal strategy for investors?
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How are 130/30 an efficient use of an investor’s risk budget?
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Evaluating the impact of negative alpha on the actual returnof a short extension fund
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How do 130/30 funds protect the portfolio from marketvolatility?
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12.30pm | MasterSuper’s view on 130/30
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Highlighting the objectives and rationale of utilising 130/30
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Spotting the characteristics of an excellent 130/30 manager
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What portion of the fund is allocated to 130/30?
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Identifying the challenges in incorporating a 130/30 strategy
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Outlining strategies to mitigate the risks
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Has 130/30 met the fund’s objectives?
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1pm | Networking lunch
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| EVALUATING 130/30 WITH OTHER ALPHA GENERATING STRATEGIES |
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2pm | Special address: Disentangling the alpha from the beta
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Redefining alpha and beta
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How much of 130/30 is alpha and beta?
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Will investors find the quest of alpha in portable alpha or130/30 strategies?
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Are 130/30 funds a competition for absolute-return funds?
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2.30pm | The Great Debate: Battle for alpha: Hedge funds vs. 130/30strategies
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Analysing the blurry distinctions between traditional long-onlyfunds and long/short hedge funds
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Assessing the rapid increase in the number of hedge fundplayers in the 130/30 marketplace
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Examining the vital distinction and risk management in long-only, long-short, short-extensions, and market neutral
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How does capacity, liquidity and volatility affect 130/30 funds?
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Will stiff competition between traditional and alternativeinvestment managers’ impact fees going forward?
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| | Mr Scott Bondurant, Global Head of Equity, Long/Short Strategies, UBS Global Asset Management
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3.10pm | Speed networking
The best networking session you’ve ever experienced!
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3.30pm | Afternoon refreshments
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4pm | Portfolio construction when using 130/30 funds
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The search for alternative sources of return
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The baby in the bath water: Don'tthrow outthe equity riskpremium
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Real alphais transparent
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How to reduce beta costs by paying for alpha
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| | Mr Aaron Minney, Head of Alpha Strategies, Colonial First State Global Asset Management
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| THE LONG AND SHORT OF PORTFOLIO MANAGEMENT |
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4.30pm | What do investors want from a 130/30 manager?
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What are the benefits and risks of the 130/30 strategy?
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What should investors expect from this allocation?
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What type of manager is likely to succeed with this strategy?
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Quantitative or fundamental?
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5pm | Day one closing remarks
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5.10pm | Networking Drinks
hosted by 
A great opportunity to relax, unwind and network! Pick up a glass of red or white wine or perhaps even a draft beer and catch up with industry peers or establish new business partners. We'll see you there!
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Day Two Wednesday 15 October 2008
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8.15am | Registration, morning coffee or tea
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8.50am | Chairman’s opening remarks
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| | Mr Jon Addison, Chief Investment Officer, Meat Industry Employees' Superannuation Fund
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| REAPING THE BENEFITS OF RELAXING THE LONG ONLY CONSTRAINT |
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9am | Keynote address: Long/short extensions - How much is enough?
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Why is 130/30 the right formula? What about 120/20, 135/35or 140/40?
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Understanding shorts and managing them to generate alpha - Is it theory or intuition?
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What are the underlying risks associated with shorting?
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9.30am | Special address: Research findings: Examining 130/30 manager’s performanceover the past few years and the issues investors need toconsider before selecting
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How can managers show they are adding value?
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Comparing the portfolio characteristics of 130/30 funds withlong-only funds
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How do 130/30 funds perform compared to long-only
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Analysing the questions you need to ask when the selectinga 130/30 manager
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| | Ramon Tol, Trustee Fund Manager, Blue Sky Group
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10.10am | How do 130/30 strategies fit in an overall asset allocation?
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| | Mr Jon Addison, Chief Investment Officer, Meat Industry Employees' Superannuation Fund
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10.40am | Morning refreshments
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| PATHWAY FOR SUCCESS IN THE 130/30 SPACE |
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11.20am | Transitioning from long-only management to the 130/30 space
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Developing and implementing the basic alpha engine in a 130/30 fund
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Revisiting the investment process
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Evaluating the skill sets, shorting capabilities and track record of the current investment team
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Revamping investment procedures to include shorter time horizons, more frequent trading and use of derivatives
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11.50am | Unveiling the challenges
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How has the credit crisis shape the 130/30 fund industry?
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The cost of getting alpha- How difficult is it to short in termsof cost, availability and regulatory constraints in Asia?
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| | Moderator: Ramon Tol, Trustee Fund Manager, Blue Sky Group Mr Kevin Chen, Chief Investment Officer, AXA Rosenberg Investment Management Asia Pacific Ltd
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12.30pm | Networking lunch
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| 130/30 MIGRATING INTO FIXED INCOME STRATEGIES |
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2pm | Relaxing the long-only constraint of a fixed income strategy
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Identifying the sources of excess returns and the potentialbenefits in 130-30 fixed-income investing
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Pinpointing the technical differences between 130/30strategies in equity and fixed income
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Do fixed-income managers have the skill set and systemsto short the bond markets?
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Is Asia ready for 130/30 fixed income strategies?
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2.30pm | Constructing a 130/30 fixed-income strategy
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What do institutional investors want?
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How much of the fixed-income allocation should be allocatedto 130/30 strategy?
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Identifying the key implementation issues
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| | Mr Adrian James, Partner, Portfolio Management, Rogge Global Partners (London)
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3pm | Beat the benchmark: Measuring the performance of 130/30 managers
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3.30pm | Roundtables
These interactive and concurrent roundtable discussions aredesigned as a platform for brainstorming, strategizing and sharingof ideas and solutions. Pick and choose which roundtableaddresses your specific concerns.
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3.30pm | Table 1: Does active extension funds have anything to dowith absolute returns?
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3.30pm | Table 2: Assessing your risk appetite for 130/30
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3.30pm | Table 3: The effect of the credit crisis on quantitative andfundamental managers
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4pm | Afternoon refreshments and end of conference
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Post-conference Masterclass Thursday 16 October 2008
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| Successfully launching a 130/30 product offering: Nuts and bolts |
Facilitated by:
Alessandro Lunghi
Director of Consulting
Inalytics Limited, UK
Ramon Tol,
Trustee Fund Manager,
Blue Sky Group
Institutional investors are increasingly implementing 130/30 strategies to enhance returns. Are long-only managers moving into the 130/30 space equipped with the skills, processes and systems to achieve higher returns and meet investors’ criteria? What challenges do long-only managers face and how do they overcome them?
This masterclass is designed to piece together a road map for long-only fund managers, asset managers, hedge fund managers, consultants, advisors and professionals who want to get comfortable with the 130/30 space. The facilitator will discuss the key components, considerations and issues of designing and launching a 130/30 offering for institutional investors. This is truly a unique chance for Asian managers to understand the necessary strategies and mechanics to successfully launch a 130/30product offering.
Masterclass agenda:
This masterclass will take a closer look at the key components of launching a 130/30 product:
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