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Monday, April 28, 2008
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| Establishing an offshore presence
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This course is designed for hedge funds interested in establishing an offshore presence and accessing international investors. The interactive discussion will cover capital introduction and marketing; setting up offshore structures; and regulatory requirements for different jurisdictions. The small size of this course is designed to maximize practical, hands-on learning.
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09.00 | Consulting services
- Timeline for launching an offshore hedge fund
- Work flow – when and what to outsource
- Best practices
- Selecting service providers with whom to partner
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09.45 | Setting up the offshore structure and regulatory requirements
- What to consider when choosing an offshore jurisdiction
- Comparing jurisdictions
- Comparing offshore structures
- Regulatory requirements
- Selecting your administrator: questions to ask and points to cover during your due diligence
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10.30 | Coffee break
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11.00 | Effectively accessing global investor capital
- Overview of international investor universe
- Global trends in hedge fund investing
- Building and executing an international marketing plan
- What do investors look for in marketing presentation and materials?
- Role of third-party marketing and capital introductions teams
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11.45 | Best legal practices for international marketing
- Investor due diligence requirements
- Complying with regional jurisdictions
- Structuring of fund documentation
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| | Dan Viola, Regulatory Defense & Compliance Group, Of Counsel, Sadis & Goldberg LLP
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12.15 | Working lunch with in depth Q&A
Speakers will circulate from table to table to lead roundtable discussions and answer your questions
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14.00 | Manager Showcase, sponsored by Credit Suisse (Invitation Only)
If you would like to learn more about this complimentary, private event please contact Cecilia Mortimore
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Tuesday, April 29, 2008
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08.00 | Breakfast and registration
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08.30 | Chairman's opening remarks |
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08.40 | Keynote address: the growth of the alternative investment space in Brasil
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| THE OUTLOOK FOR BRASIL |
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09.10 | Keynote address from the Central Bank
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| | Mario Torós, Deputy Governor of Monetary Policy, Central Bank of Brazil
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09.40 | Keynote address: the Brasil story
- With falling interest rates, stronger rates of economic growth, waning inflation and a growing supply of credit, the conditions for sustainable and higher rates of economic growth have never been more favorable in Brasil.
- What will be the effect of Brasil going investment grade? Is the party already over?
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| REGULATING THE HEDGE FUND INDUSTRY |
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10.10 | Morning break
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10.40 | A special address from the CVM
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11.10 | Panel session: the industry’s response to CVM-450
- The effect of regulation on the Brazilian funds industry
- How have Brazilian funds responded to CVM-450?
- How can Brazilian funds access global markets?
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| | Dan Mathisson, Managing Director, Head of Advanced Execution Services, Credit Suisse
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11.50 | Tax efficient structuring for investments in Brasil
- Acquisitions’ structures (holding, FIP, direct and indirect investments) and goodwill deduction opportunities
- Impact of funding alternatives: advantages and disadvantages of debt x equity
- Tax planning environment and risk assessment
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12.20 | Responding to the needs of the wealth management industry
- Recent developments in hedge fund establishment and administration
- Implications for fund structure & operations
- What is the optimal choice for corporate structure; when to use Segregated Accounts Companies, SMART funds
- Considerations for the establishment and operation of the investment manager
- Important attributes to consider in choosing your service provider
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| | Wendy Warren, CEO & Executive Director, Bahamas Financial Services Board
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12.50 | Networking lunch
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| BRASIL’S PLACE IN THE GLOBAL HEDGE FUND MARKET |
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13.40 | Panel session: global opportunities
- What is Brasil’s place in the global hedge fund market?
- How does it measure up operationally?
- What needs to happen for Brasil to receive a larger market share of emerging market allocations?
- Who can deliver? Are Brazilian fund managers prepared for the demand?
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| | Rene Romer, Assistant Managing Director, Marketing Director, Citco Banking NV
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14.25 | Panel session: the decoupling of Brasil
- Has Brasil decoupled from the global markets?
- If there is a US recession, what will be the impact on the Brazilian economy?
- What is the China-Brasil connection, and how will that alter as China turns its attention towards Africa?
- The impact of global sovereign wealth funds
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| | Samir Patel, Latin American Equities, Polar Capital Partners
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15.05 | Panel session: international fund of fund perspectives on Brasil
- Where does Brasil fit in your overall portfolio?
- The asset allocation process
- Risk management and due diligence
- Sourcing new and emerging managers
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| | Neil Paragiri, Managing Director, North America, Harcourt Alternative Investments Alper Ince, Managing Director, Pacific Alternative Asset Management Company
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15.50 | Speed networking
This is the revolutionary, exciting, quick and non-pressurized way to meet fellow conference delegates and industry peers in one forty minute session. These brief meetings are the starting point for conversation and networking throughout the conference. This is where long-lasting and profitable business relationships begin.
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| CONVERSATIONS WITH INVESTORS |
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16.30 | Afternoon break
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16.40 | Panel session: meeting the needs of the Brazilian investor community
- Private wealth in Brasil
- What are investors looking for, and what level of risk are they willing to assume?
- How might the entrance of pension plans into hedge funds alter the investment landscape?
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| | Cristiano Pardi, Partner and Head of Asset Allocation, Arsenal-BPW Investimentos
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17.20 | Panel session: Accessing global allocators
- The attraction of Brasil and its risks
- Seeking alpha compared to betting on beta
- Local versus international managers: is there a preference?
- What to do (and avoid) when pitching them
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| | Al Samper, Former Chairman, Virginia State Retirment System
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18.05 | Cocktail reception sponsored by BIBA
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Wednesday, April 30, 2008
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08.00 | Breakfast and registration
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08.30 | Chairman's opening remarks
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08.40 | Keynote address: Recession roadmap |
| | David Rosenberg, Managing Director, Chief North American Economist, Merrill Lynch
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| HEDGING STRATEGIES |
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09.10 | Keynote interview: Bruce Richards of Marathon Asset Management
- The state of the global financial markets
- Distressed opportunities
- When will liquidity conditions improve; and who will bring that change?
- What’s in store for the emerging markets in the year ahead?
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| | Bruce Richards, President and Chief Executive Officer, Marathon Asset Management
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09.55 | Expert panel: hedging in Brasil
- Long only/deep value
- Equity long-short
- Macro/Multi-strat
What are the sectors to watch for the year ahead?
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10.40 | Morning break
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11.10 | Innovation in structured products: the Lyxor Asset Management Platform
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| | Julien Lascar, Head of Sales - LATAM, Equity Derivatives and Structured Products, SG Americas Securities LLC
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11.40 | Panel session: asset backed lending and asset based investing
- ABL fundamentals and growth of the strategy
- Consumer finance
- Credit card lending
- When, and if, ABL will go mainstream
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12.10 | Panel session: agribusiness investing
- ffThe fundamentals of agribusiness investing
- Where does Brazil fit in to the global agribusiness market
- Understanding the risk/return profile
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| | Joao Adamo, Managing Partner, Vision Brazil Investments André Freitas, Managing Director and Partner, Credit Suisse Hedging-Griffo
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| INTERACTIVE ROUNDTABLES |
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12.50 | Interactive roundtable discussions allow delegates to meet and discuss issues relevant to their job functions.
Roundtable 1: how to measure risk in various hedge fund strategies
Roundtable 2: establishing an offshore presence
Roundtable 3: investment opportunities in Argentina
Roundtable 4: distressed opportunities in Latin America
Roundtable 5: financial and tax reporting
Roundtable 6: challenges of global investing and financing
Roundtable 7: seeking better returns through better execution |
| | Elizabeth Denman, Senior Associates, Leader of the Investment Funds Practice, Mello Jones & Martin Camila Capel, Head of Latin and South America Sales, Bloomberg Tradebook Steven C. Bussey, Director, Sales, Global Markets Financing and Services, Merrill Lynch
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13.40 | Networking lunch
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| EMERGING MANAGERS |
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14.30 | Investing in new managers
- Do emerging managers really outperform their established counterparts?
- Discovering new hedge fund talent
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14.45 | Emerging manager showcase
Delegate rapid fire showcase: in a fun and informal setting, ten funds each have two minutes to impress, before a panel of friendly investors passes judgment.
Funds will be judged on the following criteria:
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| | Dave Henry, CFA, Chief Investment Officer, Carruth Associates Neil Paragiri, Managing Director, North America, Harcourt Alternative Investments
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15.45 | Afternoon break
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| ALTERNATIVE ASSET CLASSES |
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16.05 | Case study: the role of family offices in Latin America
- Trends and opportunities in Latin America’s wealth management industry
- Who serves the market?
- The role of alternatives in Latin HNW portfolios
- Creating products that will attract HNW individuals
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| | Cesar Pachon, Chief Investment Officer, GenSpring Family Offices, International
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16.25 | Panel session: hedge and private equity funds - competitors or allies?
- Assessing the Brazilian private equity market
- The convergence between hedge funds and private equity funds in Brasil
- Are they competitors or co-investors?
- Do they target the same risk-return profile?
- What drives the decision making process to invest?
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17.00 | Close of conference
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