AIS Brasil 2008 agenda

Day One
Tuesday, April 29, 2008

8:00 Breakfast and registration

8:30 Chairman’s opening remarks
Amaury Junior, Founding Partner and CIO, Vision Brazil Investments

THE OUTLOOK FOR BRASIL

8:40 Keynote address: the growth of the alternative investment space in Brasil
Mauro Bergstein, Managing Director, Credit Suisse
Introduced by: Philip Vasan, Managing Director, Credit Suisse

9:10 Keynote address
Mario Torós, Deputy Governor of Monetary Policy, Central Bank of Brazil
*This talk will be presented in Portuguese, with English translation

9:40 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?
Luiz Fernando Figueiredo, Founding Partner, Mauá Investimentos

REGULATING AND STRUCTURING FUNDS

10:10 Morning break

10:40 A special address from the CVM
• A review of the regulation allowing hedge funds to invest offshore
• What’s in store for the future?
Daniel Walter Maeda Bernardo, Comissão de Valores Mobiliários
*This talk will be presented in Portuguese, with English translation

11:10 Panel session: the industry’s response to CVM-450 and 465
• The effect of regulation on the Brazilian funds industry
• How have Brazilian funds responded to CVM-450 and CVM-465?
• The attraction of offshore jurisdictions in light of regulatory changes
Zeca Oliveira, CEO, BNY Mellon Brasil
Dan Mathisson, Managing Director, Head of Advanced Execution Services, Credit Suisse
Arthur Mizne, CEO, M Square Investimentos
Anthony Whaley, Partner, Conyers Dill & Pearman

 
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
Roberto Haddad, Partner, KPMG Tax Advisors

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
Wendy Warren, CEO & Executive Director, Bahamas Financial Services Board
Michael L. Paton, Senior Partner, Lennox Paton

12:50 Networking lunch

BRASIL’S PLACE IN THE GLOBAL HEDGE FUND MARKET

1:40 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?
• Are Brazilian fund managers prepared for the demand?
Neil Meadows, Head of Fixed Income and Macro Research, NewFinance Capital
Christopher Edwards, Director, Fabien Pictet & Partners
Enio Shinohara, Partner and Fund of Funds Manager, Claritas Investments
René Romer, Marketing Manager, Citco Banking
Julio R. Zamora, Director of International Research, Torrey Associates

2:25 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
Neil Meadows, Head of Fixed Income and Macro Research, NewFinance Capital
Rogerio Chequer, Principal and Founding Partner, Atlas Capital Management
Guilherme da Nóbrega, Chief Economist, Itaú Corretora
Samir Patel, Latin American Equities, Polar Capital Partners

3:05 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
Kenneth Smythe, Director, Crystal Advisors
Patrick P. Campo, Global Head of Long-Short Equity, EIM Management
Alper Ince, Managing Director, Pacific Alternative Asset Management Co
Neil Paragiri, Managing Director, Head of North America, Harcourt Alternative Investments

 
3:50 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.

4:30 Afternoon break

CONVERSATIONS WITH INVESTORS

4:40 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 are Brazilian pensions approaching alternatives?
Lauro Araujo, Principal, Mercer
Cristiano Pardi, Partner & Head of Asset Allocation, Arsenal-BPW Investimentos
George Wachsmann, Founder & Partner, BAWM Investments
Maurício da Rocha Wanderley, Diretor de Investimentos e Finanças, Fundação Vale do Rio Doce de Seguridade Social – Valia

5:20 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 these investors
Al Samper, Former Chairman, Virginia State Retirement System
Antenor G. Fernandes, Chief Executive Officer, Safra Asset Management Corporation
Ken Minklei, Managing Director, SCS Financial
Gina Sanchez, Managing Director, Public Markets and Research, The California Endowment

6:05 Cocktail reception sponsored by BIBA

Day Two
Wednesday, April 30, 2008

8:00 Breakfast and registration

8:30 Chairman’s opening remarks
Amaury Junior, Founding Partner and CIO, Vision Brazil Investments

HEDGING STRATEGIES

8:40 Keynote address: Recession roadmap
David Rosenberg, Managing Director, Chief North American Economist, Merrill Lynch

9:10 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 emerging markets in the year ahead?
Bruce Richards, President & CEO, Marathon Asset Management
Interviewed by: James Greenberg, Managing Director, Chief Strategy Officer, Och-Ziff Capital Management Group

 
9:55 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?
Otávio Vieira, Director of Investments, Safdié Private Banking
Elsen Carvalho, Partner, Investidor Profissional
Alexander Gorra, Head of International Platform, BNY Mellon ARX
Mauricio Levi, CIO, Fama Investimentos
Walter Maciel, Partner, Quest Investimentos

10:40 Morning break

11:10 Innovation in structured products: the Lyxor Asset Management Platform
• The managed account platform advantage
• Accessing the platform
• Structured products solutions
Julien Lascar, Co-Head of Sales – LATAM, Equity Derivatives and Structured Products, SG Americas Securities

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
Adrian Devenyi, Portfolio Manager, Elliott Management Corporation
Gustavo Dominguez, Managing Director, Gottex Fund Management
Eduardo L Rocha, Founder and CEO, BER Capital

12:10 Panel session: agribusiness investing
• The fundamentals of agribusiness investing
• The futures market in Brasil
• Where does Brasil fit in to the global agribusiness market
• Understanding the risk/return profile
Marcelo Schunn Diniz Junqueira, CEO, Clean Energy Brazil
Joao Adamo, Managing Partner, Vision Investments
André Freitas, Managing Director and Partner, Credit Suisse Hedging-Griffo
Domingos Pires, Managing Partner, Rio Bravo Crédito

INTERACTIVE ROUNDTABLES

12:50

Roundtable 2: establishing an offshore presence
Cheryl Packwood, Chief Executive Officer, Bermuda International Business Association
Shaun Morris, Managing Partner, Appleby Bermuda
Elizabeth Denman, Senior Associate and Leader of the Investment Funds practice, Mello Jones & Martin

Roundtable 3: investment opportunities in Argentina
Andrés Azicri, Managing Partner, Convex Fund

Roundtable 4: distressed opportunities in Latin America
Daniel Ostrolencki, Managing Director, EVN Advisors

Roundtable 5: financial and tax reporting
Marco André Almeida, Partner, KPMG Auditores Independentes
Doug Harrell, Partner, KPMG

Roundtable 6: Challenges of global investing and financing
Paul Zabaleta, Managing Director, Merrill Lynch

Roundtable 7: Seeking better returns through better execution
Camila Capel, Head of Latin and South America Sales, Bloomberg Tradebook
Ken Napolitano, Global Head of Sales, Bloomberg Tradebook

1:40 Networking lunch

EMERGING MANAGERS

2:30 Investing in new managers
• Do emerging managers really outperform their established counterparts?
• Discovering new hedge fund talent
Nathan Shor, Director, Galloway
*This talk will be presented in Portuguese, with English translation

2:45 Emerging manager showcase
Delegate rapid fire showcase: in a fun and informal setting, eight funds each have three minutes to impress, before a panel of friendly investors.
Judging panel:
David L Henry, CFA, Chief Investment Officer, Carruth Associates
Neil Paragiri, Managing Director, Head of North America, Harcourt Alternative Investments
Caroline S. Bentz, Managing Director, Parker Global Strategies
Nathan Shor, Director, Galloway
Presenters:
Simon Fawcett, Chief Executive Officer, Aramid Capital Partners
Manuel E. Mejía-Aoun, Chief Investment Officer, Bladex Asset Management
Rodrigo Anunciato, Founder & Managing Partner, Cox Capital
Luis Felipe Amaral, Partner and Portfolio Manager, Equitas Investimentos
Henry Singer Gonzalez, Managing Partner and CIO, Fram Capital
Frederico B Mesnik, Chief Executive Officer, Humaitá Investimentos
Marc Kattan, Partner, Kondor Invest
Moacir Kang, Partner, Vector Investimentos

3:45 Afternoon break

ALTERNATIVE ASSET CLASSES

4:05 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
Cesar Pachon, Chief Investment Officer, GenSpring Family Offices, International

 
4:25 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?
Duncan Littlejohn, Latin American Representative, Paul Capital
Peter Getsinger, Managing Partner, Nexstar Capital Partners
Wendell McCain, Founder, Parish Capital Advisors
Paulo Mordehachvili, Partner, Axxon Group

5:05 Close of conference
 
Pre-conference workshop

Establishing an offshore presence

Monday, April 28, 2008 9:00 – 2:00
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.

8:30 Registration and breakfast

9:00 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
Ilicia Silverman, Vice President, Credit Suisse
Maurice Holmes, Director, Credit Suisse

9:45 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
Ron S Geffner, Corporate and Financial Services Partner, Sadis & Goldberg LLP
Marcia Rothschild, Managing Director, BNP Paribas

10:30 Coffee break

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
Robert Leonard, Managing Director, Credit Suisse
Richard Malpas, Director, Liability Solutions

11:45 Best legal practices for international marketing
• Investor due diligence requirements
• Complying with regional jurisdictions
• Structuring of fund documentation
Ron S Geffner, Corporate and Financial Services Partner, Sadis & Goldberg LLP
Dan Viola, Regulatory Defense & Compliance Group, Of Counsel, Sadis & Goldberg LLP

12:15 Working lunch with in depth Q&A
Speakers will circulate from table to table to lead roundtable discussions and answer your questions

2:00 Working Manager Showcase, sponsored by Credit Suisse (Invitation Only)
If you would like to learn more about this complimentary, private event please contact Cecilia Mortimore at Cecilia.Mortimore@credit-suisse.com