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Briefing Day One: The future direction of Turkish pension and insurance industries
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9am | Registration and coffee
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9.30am | Chairman’s opening remarks
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| Pension funds and insurance investments in Turkey |
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9.45am | The potential of the Turkish pension and insurance market
- Growth forecast for Turkish pension funds
- Turkey’s insurance sector’s outperformance of international counterparts
- International investor attraction to these sectors
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10.15am | Why leading institutional investors see Turkey as a vital market
- Investing in Turkish pension funds and insurance companies
- Growing foreign investor interest in these sectors
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10.45am | Morning refreshments and networking break
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11.15am | Where the opportunities lie for pension fund investment
- Money market funds
- Popular trends of 2009: overnight repos, government bonds
- Turkish investors like short-term investments: will this trend continue?
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11.45am | TBC
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| | Mr Okan Alpay, Chief Investment Officer, Yapı Kredi Asset Management
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12.15pm | Panel session: the success story of pension funds and insurance companies in Turkey
- In 2008, Turkey’s pension funds grew while others worldwide contracted: why?
- Asset allocation strategies
- Will they follow a similar investment path in the future?
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1pm | Networking lunch
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| Masterclass: asset allocation strategies |
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2pm | Asset allocation strategies
Institutional investors must determine optimal strategic asset allocation and identify new sources of returns beyond traditional asset allocation models and identify the challenges in active management in a volatile market. Highlights:
- How various asset allocation strategies sit in overall risk models
- Strategic asset allocation in an emerging market
- Modern portfolio theory and application to asset allocation process
- Alternative asset classes, structured products and asset allocation
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| | Mr Rehan Pathan , Head of International Distribution, Asset Management, NCB Capital
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3.15pm | Afternoon refreshments and coffee break
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3.45pm | Masterclass resumes
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5pm | Close of briefing day
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Conference Day One: Tuesday 13th October 2009
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8.30am | Registration and coffee
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9am | Chairman’s opening remarks
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| Turkey – economic outlook for 2009 and beyond |
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9.10am | Opening address: the development of Turkish capital markets
- Addressing the key regulatory issues
- Trends in investor and market needs
- Maximising development opportunities while minimising risks
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9.40am | Keynote Adress: The progress of fiscal reforms in Turkey
• Update on Turkey’s pending IMF loan package
• Assessing the impact of the stability of the lira on investment opportunities
• Future reforms that will impact the funds industry |
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10.10am | Structural reforms and lessening bureaucratic procedures: why Turkey is now the must-invest-in country for global investors
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| | Mr Gur Cagdas, Chief Executive Offer, Garanti Asset Management and Chairman, Turkish Institutional Investment Managers' Association
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10.40am | Turkey: struck by the global crisis, on her way to recovery, and still transforming
- Impact of the global crisis on Turkey: a diagnostic synopsis
- Prospects of recovery and its pace
- Medium to long term outlook
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11.10am | Morning refreshments and networking break
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| Capitalising on Turkey’s emerging economy |
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11.40am | The current and future state of the funds industry in Turkey
- Turkey vs. other emerging and developed markets funds industries: where does it stand?
- Key drivers of the Turkish funds industry
- How has the global credit crunch affected the industry's growth?
- Where do the oppurtinities lie?
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12.10pm | Hedge funds in Turkey: a boost to the funds industry
- Flexibility of being both long and short-term instruments
- Expectation for tremendous demand from foreign and domestic investors in Turkey
- Turkey’s hedge funds system
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12.40pm | Financial markets stabilisation through pension funds
- The strength of the Turkish pension fund industry
- Implications on Turkey’s economy
- Asset managers’ role in working with pension funds to achieve financial market stability
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1.10pm | Networking lunch
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| Risk management in challenging times |
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2.10pm | Rethinking operational risk: managing risk strategies and instruments
- Beyond the credit crisis: lessons learnt in avoiding complacency
- Creating a risk-aware organisation and risk management culture
- Formalising operational risk frameworks to manage complex strategies
- Global trends in risk management
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2.40pm | Speed networking
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3.10pm | Afternoon refreshments and networking break
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| Industry growth and development |
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3.40pm | Turkey’s place within the emerging markets’ fund industry
- Exploring where the opportunities lie in emerging markets
- How African, Asian and Middle Eastern markets are becoming increasingly interlinked, and its implications
- The paradigm shift: the trend in emerging markets increasingly investing in each other
- The Turkish advantage: how links with Central Asia and the Middle East sets it apart from other emerging markets
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4.10pm | The revision of the Commercial Code: implications for the Turkish capital markets
- Increasing investor confidence through stronger capital market infrastructure
- A level playing field and healthy competition for industry growth
- Breaking down barriers for foreign asset management companies in Turkey
- Success of the twinning project with the European Union in complying Turkish regulation with European standards
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| | Mr Ilkay Arikan, Secretary General, Association of Capital Markets Intermediary Institutions
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4.40pm | Panel session: competing in a recessionary market
- How far has trust in fund managers been eroded as a result of the economic crisis?
- Post crisis: the opportunity for talented managers and firms with strong processes
- Addressing the lack of competition in the Turkish mutual funds industry
- Increasing distribution options by allowing fund management firms to set up their own networks
- Tackling high management fees that serve as a barrier to investment
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| | Mr Ari Metso, Chief Executive Officer, Taaleritehdas East Asset Management
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5.25pm | Chairman’s closing remarks and close of Conference Day One
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5.30pm | Cocktail reception
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Conference Day Two: Wednesday 14th October 2009
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8.30am | Registration and coffee
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9am | Chairman’s opening remarks
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9.10am | Opening address: Turkey’s funds industry in the global economic climate
- Charting the course of the credit crunch and its effect on Turkey’s funds industry
- A look at the measures Turkey has taken against the global economic setback
- Why Turkey has fared comparatively well during the economic downturn
- Reforms progression and European Union accession updates
- Turkey as the next global financial hub
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| Why Turkey? |
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9.40am | Investment opportunities in Turkey for 2010 and beyond
- Investor appetite for Turkish funds
- The asset classes that offer the best investment opportunities at the moment
- The key investment products in this climate
- The hot sectors of the moment
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| | Mr Cem Yalçınkaya , Chief Executive Officer, Ak Porföy Yönetimi A.Ş. - Ak Asset Management
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10.10am | The evolving regional role of Gulf investors in the Turkish fund industry
- General economic outlook with a focus on the opportunities going forward
- The growing role of the Gulf in the global economy
- Discussion on the development of the GCC financial markets
- A look at Gulf investors’ investment trends in Turkey – the popular sectors and asset classes
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10.40am | Morning refreshments and networking break
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| Attracting investors |
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11.10am | Panel session: what institutional investors look for in emerging markets
- Diversification of funds, return expectations, manager selection criteria
- The short and long term outlooks for investor appetite in Turkey
- SWF investment trends and expectations
- Institutional investors’ evolving exposure to emerging markets
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| | Mr Burak Dalgin, Vice President, Europe, Franklin Templeton -- Darby Private Equity Mr Jose Romano, Head of Turkey and Istanbul Venture Capital Initiative, European Investment Fund
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11.50am | Turkey: further growth in the real estate sector
- Global and regional economic trends: overview & implications for Turkey’s real estate Sector and funds investment opportunities
- Outlook, trends, opportunities and growth potential
- Real estate funds: fundamentals and potential for growth
- Regional trends in fund management and financial products related to the real estate sector
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12.20pm | Networking lunch
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1.20pm | Panel session: increasing allocations from local institutional investors
- Traditional allocation ratios of local institutional investors’ portfolios
- Strategies for increasing allocations
- The integral role of pension funds in Turkey: how fund managers can encourage diversification of their investment portfolios
- Encouraging pension funds to appoint multiple fund managers for greater diversification
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| | Mr Hakan Tokac, Board Member, Istanbul Venture Capital Initiative (iVCi), Board Member, Development Bank of Turkey (TKB), General Director of Public Finance, Undersecretariat of Treasury, Republic of Turkey
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2pm | Panel session: essential strategies in investor relations
- Gaining, developing, retaining client trust
- Opportunity in falling interest rates for asset managers
- Furthering the industry through proactive client education
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| | Mrs Funda Güngör, Coordinator of Investor Relations and Strategic Planning, Koc Holding Dr Murat Dogu, Capital Markets and Corporate Governance Coordinator, Dogan Yayin Holding
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2.40pm | Afternoon refreshments and networking break
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3.10pm | Panel session: hedge funds: time to shine?
- Hedge funds have been neglected until now: why it is time for them to flourish
- The attraction of this flexible financial instrument to domestic and foreign investors
- Will integration with the new fund platform and open architecture structure give hedge funds the boost it needs?
- Will the expected growth of the hedge funds industry benefit independent fund managers and the development of new products?
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| | Mr Alper Ince, Managing Director, PAAMCO (Pacific Alternative Asset Management) Mr Gökhan Bilen, Director of Pension Funds Department, Yapı Kredi Asset Management Mr Alpogan Erdogan , Head of Discretionary Portfolio Management and Alternative Investment Management , Garanti Asset Management
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| Products and distribution |
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3.50pm | Panel session: opportunity for fund managers in the Turkish private equity market
- Turkish vs. global trends
- The intense competition for quality deals
- Why PE is attractive to family-run businesses
- Buyout opportunities: falling prices and changing culture
- From VC to PE: a better fit for family-businesses
- Going public through partnerships with PE firms
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4.30pm | Panel session: spotlight on capital protected and guaranteed funds
- Slated to be the ‘next big thing’: will they?
- Why the conditions are right for capital protected and guaranteed funds to flourish
- Will capital protected and guaranteed funds mark the end of the mutual funds industry?
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| | Mr Namik Aksel, Chief Executive Officer, HSBC Portfoy Yonetim A.S. - HSBC Asset Management Dr. Alp Keler, Chief Executive Officer, Fortis Investments Turkey
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5.10pm | Panel session: increasing distribution options for asset managers in Turkey
- Alternatives to banking channels
- Distribution trends in emerging vs. developed markets
- Setting up and building relationships with distributors
- The case for a funds platform and open architecture in Turkey
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| | Mr Tarkan Özkan, AGM and Group Head of Marketing and Sales Management, Yapı Kredi Asset Management Mr Rehan Pathan , Head of International Distribution, Asset Management, NCB Capital
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5.40pm | Chairman’s closing remarks and end of conference
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