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Day One Tuesday 21 October 2008
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8.30am | Registration and refreshments
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9am | Chairman's opening address
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| THE DECOUPLING OF RUSSIA FROM THE GLOBAL ECONOMY – FACT OF FICTION? |
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9.10am | Opening keynote address: Russia: the best and the worst time for investing?
- Measuring Russia's progress toward the rule of law, an independent judiciary, and the transparency of the country's markets
- Assessing whether Russian investment in infrastructure is sufficient to sustain the economic boom
- Whither the Putin surpluses and the use of the growing reserves
- Is Russian risk too hot-handled?
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9.50am | Keynote address: has Russia really decoupled from the global economy?
- Finding the right balance between risk and return in Emerging Markets
- How does Russia fare against the rest of BRIC?
- Analysing the competitive advantages and disadvantages of exposing your portfolio to Russia & CIS
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10.20am | SPEED NETWORKING sponsored by REGIONGAZFINANCE Asset Management
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11am | Morning refreshments and networking
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11.20am | Panel session: assessing the Russian and CIS investment climate: opportunities vs challenges
- Which sectors are posting the highest returns? How vulnerable are they to the global credit crunch?
- Which ‘frontier sectors’ are currently on investors’ radar in Russia & CIS?
- Addressing major end investor concerns: transparency, corporate governance and volatility
- Where to look for major alternative investment opportunities in the near future?
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| | Mr Gregg Robins, Regional Head, Russia & Eastern Europe, Union Bancaire Privée Mr Erik L. van Dijk, Chief Investment Officer and Chief Executive Officer, Compendeon Investment Advisors
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| ALTERNATIVES: A NEW MAIN STREAM? INFRUSTRUCTURE AS A RISING ASSET CLASS |
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12pm | Analysing the Russian & CIS alternative investment landscape
- Why alternatives? What do they provide? The benefits and opportunities
- Exciting opportunities within the alternative investment space still available
- Infrastructure, Pre-IPO, Banking/Finance, Distressed assets, Utilities
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| | Mr Sergey Bubnov, Head of Alternative Products Group, Renaissance Investment Management
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12.30pm | Networking lunch
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2pm | Matching strategic needs of the State with investor appetite: investment appeal of the Russian economy
- Investment climate in Russia and inflow of foreign capital in the Russian economy
- Which economic sectors is the Russian government keen to make particularly investor-friendly?
- Investment opportunities presented by the country’s ailing infrastructure
- State initiatives to attract investors
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| | Dr Fedor Takhtamonov, Acting Trade Representative , The Trade Delegation of the Russian Federation in the United Kingdom
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2.40pm | CIS infrastructure - Global perspectives on the opportunity
- How substantial are the CIS opportunities and where are the priorities?
- Navigating the CIS landscape
- Will global institutional money come into the market?
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3.10pm | Afternoon refreshments and networking
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| ASSESSING MATURITY OF RUSSIAN AND CIS PRIVATE EQUITY: WHERE IS IT HEADING?
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3.40pm | LPs panel session: Russia and CIS vis a vis other private equity markets
- Is the region outperforming other private equity markets
- What are the risks and profit constrains?
- What criteria do LPs use when choosing a private equity fund?
- What elements HNWI and mid-market institutional investors would be looking for in order to start investing in private equity in the region?
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4.20pm | Panel session: alternative ways of gaining exposure to Russian and CIS private equity & venture capital
- Investing in funds or investing directly?
- Listed private equity and pre-IPO funds
- Beyond the capital cities: looking at emerging trends in the regions
- What does the government’s legislation programme mean for private equity investors?
- Accessing most lucrative opportunities in the medium-size market:
- soft commodities
- power generation and renewable energy
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5pm | Chairman’s closing remarks
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5.10pm | Networking cocktail reception
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6.30pm | Gala dinner in support of OXFAM
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Day Two Wednesday 22 October 2008
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8.45am | Morning refreshments and networking
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9.10am | Chairman’s opening remarks
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| BEYOND RUSSIA: GAINING EXPOSURE TO THE MOST LUCRATIVE CIS MARKETS |
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9.20am | Opening keynote address: Ukraine's competitive advantages in the global marketplace
- How far is Ukraine from becoming a truly European state? What still needs to be done to speed up this process?
- Investor rights: the latest government initiatives and the status quo
- To what extent is Ukraine affected by the consumer credit crisis?
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9.50am | Advantages of investing in Central Asia’s capital markets
- Economic and investment climate in Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan
- New investment ideas: having China next door and energy resources abundance
- How much alpha can be generated through exposure to local capital markets?
- What returns can be expected in the next ten years?
- How does the region compare to similar markets around the world?
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10.30am | Panel session: snapshot of other regions with high investment potential: the Caspian, Ukraine and Georgia
- Investment climate and political risks
- Could these countries be the next tax paradise for foreign investors?
- Best ways to gain exposure with minimal risks
- Which industries to watch and what returns to expect?
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11.10am | Morning refreshments and networking
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11.30am | Comparing the legal frame and investment climate within CIS countries
- Legislation and investment climate in CIS countries: overview
- Tips for investors
- Corruption factor
- National specifics of the legal framework and investment climate
- Free trade within the CIS
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| SEEKING ALPHA IN RUSSIA AND CIS |
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12pm | The evolution of Russian and CIS hedge funds
- Key trends in the region’s hedge fund market over the last year
- How different are Russian and CIS hedge funds to their global peers?
- How many single funds and fund of funds have been launched to date?
- Capital-raising environment for newcomers
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12.30pm | Case study: manager selection for emerging hedge funds in emerging markets
- Hedge fund life-cycle: case for emerging hedge funds
- Investment universe: where do emerging hedge funds fit in Emerging Markets?
- Investment process: sourcing, tracking emerging universe, analysis and fund selection, investment, monitoring, and re-allocation
- Mitigating “emerging” fund risks
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| | Mr Tushar Patel , Managing Director and Investment Manager, Hedge Funds Investment Management
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1pm | Networking lunch
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2pm | Panel session: practical guide to the Russian and CIS fund manager selection
- Conducting due diligence: main hurdles and solutions
- Pros and cons of selecting offshore and onshore funds
- What strategies work best in Russia & CIS?
- Taking a deeper look at the counterparties and their impact on the returns
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| | Mr Tushar Patel , Managing Director and Investment Manager, Hedge Funds Investment Management
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| BEATING THE BETA: KNOW YOUR OPTIONS |
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2.40pm | Portable alpha: desired by many, achieved by few
- Alpha returns generated by dynamic beta
- Case study 2006: a Eurohedge winner fund
- Alpha returns underpinned by fundamental value
- Case study 2007/2008:a 130/30 UCITS fund
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3.10pm | Panel session: debating advantages of gaining exposure to Russia and CIS via hedge funds
- Are the high fees and lack of liquidity really worth it?
- How clear and transparent is a tax framework for hedge funds in Russia and CIS
- The emergence of local ETFs: to what extend are they a good alternative for end investors?
- Applying quantitative strategies: esuring a high probability of meeting portfolio’s risk/return objectives
- A move towards specialised and hybrid funds
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3.50pm | Chairman’s closing remarks
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4pm | Afternoon refreshment and networking
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Pre-conference workshop Monday 20 October
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| Afternoon workshop. Successful communication and fundraising strategies for Emerging Markets funds |
ABOUT the Workshop Leader
HARBOUR CAPITAL PARTNERS LTD.
Harbour Capital Partners is a full-service hedge fund investment management platform, based in London. It was formed by a team of leading specialists with extensive experience across the industry. Harbour’s institutional-quality operational infrastructure provides a controlled environment and sets higher standards of operational procedure and compliance than would be possible for a small or medium-sized fund operating on its own. Harbour Capital provides an investment framework from the point of incorporation through to operation. Newly formed funds are given assistance by the Harbour Capital compliance function pre- and post-launch.
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2pm | Brand management techniques for emerging funds
- Availability and accessibility of information: cultivating media publicity
- The importance of reputation management
- Crisis communication management
- International communications: what work and what doesn’t
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3pm | Implementing effective communication strategies
- Addressing the investor search for non-correlation and niche strategies
- Ensuring proactive outreach and dialogue
- Broadening the reach of fund’s communications
- The role of the Executive Board
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4.30pm | Coffee break
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5pm | Routes to sustainability for emerging managers
- What returns are expected of newcomers
- Growing importance of co-investment fundraising
- Optimising successful fund closure
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5.30pm | End of workshop
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