Day 1 - New risks and opportunities in LatAm hedge fund investing

last modified: 04 October '11

09.00

Chairman’s opening remarks

Navigating new geopolitical waters

09.15

Keynote presentation: Looking beyond BRICS: Global asset allocation trends – the role of emerging markets

Can younger markets still offer growth rates that are unattainable in more mature markets?
Beyond BRICS: examining the benefits of finding markets that are less linked to BRICS
What is the relationship between the US and LatAm markets?
Is there still a lack of depth to LatAm markets?
Are we seeing an outflow from emerging market funds or is it a blip in the market?

› Barton Biggs,

Managing Partner, Traxis Partners

09.55

The role of geopolitical risk: How will it affect your investments?

LatAm country by country breakdown and analysis of geopolitical risk
What are the future red flags to be aware of?
Long-term outlook: poverty, inequality, immaturity of markets
What should you consider when investing?
Our latest research and findings
How will risks elsewhere in the world affect LatAm?

› Chris Garman,

Director and head of LatAm practice,, Eurasia Group

Redefining the LatAm opportunity

10.30

Keynote presentation: Economic outlook: Forecasting the drivers of LatAm economies in 2012

How have markets played out in the last 12 months?
LatAm economic outlook for next 5 years
Forecasting the drivers in LatAm economies (China/US, commodities, global liquidity conditions, monetary policy)
Legal and regulatory issues for hedge fund investing in LatAm

› Augusto de la Torre,

Chief Economist, LatAm, The World Bank

11.05

Morning refreshments & networking

11.35

Keynote presentation: LatAm vs. other emerging markets: which is the more lucrative growth opportunity?

Comparing LatAm to other emerging markets (China/Asia/ Europe)
Are emerging markets all a load of hot air: comparing emerging markets to developed markets?
What have been the returns: 5 year and 10 year time frame
Exploring the history of LatAm investing: what has evolved?
What do hedge funds need to do prosper in tomorrow’s market?

› Albert Fishlow,

Director of CILAS, Colombia University

Extracting the investable from the hype

12.05

Investment opportunities in Brazil: retail credit market growth

The Brazilian Payroll Market evolution
Brazilian Financial Market recent developments
Banco Cruzeiro do Sul share performance
Banco Cruzeiro do Sul Financial highlights

› Luis Octavio A. L. Indio da Costa,

CEO & Chairman, Banco Cruzeiro do Sul

12.40

Investors panel debate Unlocking LatAm: Where are the ‘investable opportunities’?

Should investors move away from ‘niche’ investments to ‘investable opportunities’?
Avoiding market correlation: how can the smart investor make big gains by going against the grain?
What is the role of ‘frontier markets’ in a portfolio and where should investors be allocating?
Identifying ‘undervalued’ markets and how to buck investment trends
What structures and partnerships are US F&Es creating with LatAm hedge funds?

› Vicente Tuesta,

Head of Investments & Research, AFP Prima (Peru)

› Ricardo Taboaco,

Partner, TNA multi-family office

› Eliot Kalter,

President, E. M. Strategies

› Mr James Canales,

Chief Operating Officer, Partner, StoneWater Capital LLC

13.20

Lunch and networking

14.20

Pension Fund Advisor perspective Analysing the best performing LatAm managers: separating the wheat from the chaff

Impartial viewpoint: country by country analysis of the best performing managers
Trends in manager performance
Comparing LatAm manager performance to US manager performance
Comparing to other emerging markets: a look to Asia

› Mr. Vidak Radonjic,

Managing Partner, The Beryl Consulting Group LLC (BERYL)

The hedge fund value proposition – LatAm style

14.50

Family Office panel debate Investor insights into due diligence, fees and reporting: is anything actually changing?

What kind of due diligence are you performing and what are you looking for from funds?
How much transparency is enough and is it affecting performance?
Are the industry standards enough to protect investors?
How are fees currently structured and what have the changes been given the competition in the business?
What are family offices looking to see change?

› Ike Kier,

Founder, Kier Family Office (US)

› Stuart J. Rabin,

President & CEO, Nine Thirty Capital (US)

15.30

Afternoon refreshments and SPEED NETWORKING

16.20

Panel debate: Are LatAm managers providing a sufficient rate of return at an acceptable level of risk?

Risk vs. return: how have hedge funds changed in the last 12 months?
Do traditional risk measurement techniques really capture the risks to which hedge funds are exposed?
Examining the role of liquidity, leverage and risk exposure in LatAm markets
Operational risk: what is the best way to overcome this?

› Martin Litwak,

Partner, Litwak & Partners

› Andres Azicri,

President and Founder, Convex Management

› Luis Damato,

Partner, Credit Suisse Hedging-Griffo (CSHG)

› Federico Carballo,

Partner, Copernico

› Mr. Mauricio Levi,

Chief Investment Officer, FAMA Investimentos

17.00

The “litmus test”: surely all good managers grow?

The litmus test debate: if a manager is good enough they will not stay small for long?
What is the global standard in manager selection?
How can new LatAm investors avoid common pitfalls?
What makes managers stand out in today’s highly correlated hedge fund market?
Finding a manager: skill vs. opportunistic?

› Martin Litwak,

Partner, Litwak & Partners

› Mr Alex Suarez,

Chairman & Chief Executive Officer, Family Office Partners LLC

› Mr Flavio Lobato,

Executive Director, Liongate Capital Management

› Tim Bello,

Partner & Director of Strategic Implementation, Dynasty Financial Partners

17.40