Agenda

President, ABDO FAMILY OFFICE
Director, ALTIMUS CAPITAL (FAMILY OFFICE)
Chief Financial Officer and Treasurer, AMERICAN FILM INSTITUTE
Portfolio Manager, AMERICAN HONDA MOTOR CO., INC
Vice Chairman, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM
Trustee, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM
Executive Director, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM
Trustee, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM
Trustee, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM
Trustee, CITY OF PHILADELPHIA BOARD OF PENSIONS & RETIREMENT
Investment Committee Member, APPALACHIAN STATE UNIVERSITY
Chief Investment Officer, ASSET CONSULTING GROUP, INC.
President, ASSET DIRECTION (HAMER FAMILY OFFICE)
Vice President, ASSET DIRECTION (HAMER FAMILY OFFICE)
Principal, ASSET DIRECTION (HAMER FAMILY OFFICE)
Senior Portfolio Strategist, ASSET MANAGEMENT ADVISORS (MUILTI-FAMILY OFFICE)
Principal, ASSET STRATEGY CONSULTANTS
President, BADGE OF HONOR MEMORIAL FOUNDATION
Director of Military & Veterans Benefits Committee, Major General AUS Retired, BADGE OF HONOR FOUNDATION
Vice Chairman of the Board, BALTIMORE (MD) RETIREMENT SYSTEMS
Managing Director, BEACON POINTE ADVISORS, LLC
Director, Financial Products Origination, BP NORTH AMERICA
Diversity Officer, CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
Vice President, CANTERBURY CONSULTING
Senior Research Analyst, CANTERBURY CONSULTING
Associate, CANTERBURY CONSULTING
CFO, CASA FOUNDATION, INC
President, CHARITABLE ADVANTAGE
President, CHICAGO PARK EMPLOYEES' ANNUITY & BENEFIT FUND
City Treasurer, CITY OF CHICAGO
Deputy Fire Commissioner/ President of the Board, FIREMEN'S ANNUITY & BENEFIT FUND OF CHICAGO (IL)
CEO, CLAREMONT UNIVERSITY CONSURTIUM
VP/Finance & Administration, THE COLUMBUS FOUNDATION & AFFILIATED
Member, Investment Committee, COTTAGE HEALTH SYSTEMS
AVP/Finance, DUQUESNE UNIVERSITY
Trustee, ELIZABETHTOWN COLLEGE
Chief Executive Officer, EQUITAS CAPITAL ADVISORS LLC
Director of Alternative Research, EVALUATION ASSOCIATES LLC
Co-founder and Managing Director, FAMILY OFFICE METRICS
Senior Consultant, FAMILY OFFICE METRICS
Chief Investment Officer, FILAMENT ADVISORS
Chairman, FRESNO (CA) CITY FIRE & POLICE RETIREMENT BOARD
Senior Research Analyst, FUND EVALUATION GROUP
Vice President & Managing Director-Alternative Investments,
GE ASSET MANAGEMENT INCORPORATED
Director of Finance, GEMOLOGICAL INSTITUTE OF AMERICA
Managing Director, GENESEE INVESTMENT (FAMILY OFFICE)
President, PROFESSIONAL FIREFIGHTERS OF GEORGIA
Principal, GREENWICH ASSOCIATES
Principal, GUTERMAN ORGANIZATION
Director of Private Markets, HAMMOND ASSOCIATES
Director of Hedge Funds, HAMMOND ASSOCIATES
Executive Director, HEALTH SERVICES RETIREMENT PLAN
Investment Analyst, HOMRICH & BERG, INC. (MULTI-FAMILY OFFICE)
Director, Investment Management Services, INSTITUTE OF ELECTRICAL & ELECTRONICS ENGINEERS
Director of Research, INTEGRITAS ADVISORS, LLC (MULTI-FAMILY OFFICE)
President, IRVINE HEALTH FOUNDATION
Trustee, JACKSONVILLE (FL) POLICE & FIRE PENSION FUND
Principal, JACOBSON CAPITAL (FAMILY OFFICE)
CFO, THE JEWISH COMMUNITY FOUNDATION OF CALIFORNIA
Associate Director, THE JEWISH COMMUNITY FOUNDATION OF CALIFORNIA
Trustee, KNOX COUNTY (TN)
Director of Funds Management), KOCH INDUSTIRES, INC
Programmer, THE KOFFLER GROUP
Chief Investment Officer, THE KOFFLER GROUP
Audit Committee Chair, KOREA INVESTMENT CORPORATION
Steering Committee Member, KOREA INVESTMENT CORPORATION & Professor, HONGIK UNIVERSITY
Steering Commitee Member, KOREA INVESTMENT CORPORATION & Director of the Financial Policy Bureau, THE MINISTRY OF FINANCE AND ECONOMY (MOFE)

Principal, KRIEGER FAMILY OFFICE
Investment Manager, LOMA LINDA UNIVERSITY FOUNDATION
Executive Director, LOS ANGELES CITY EMPLOYEES' RETIREMENT SYSTEM
Trustee, LOS ANGELES CITY EMPLOYEES' RETIREMENT SYSTEM
Commissioner, LOS ANGELES (CA) FIRE & POLICE PENSION SYSTEM
Deputy Chief Investment Officer, LOUISIANA STATE EMPLOYEES’ RETIREMENT SYSTEM
Principal, MAKARIOS, LLC
Trustee, MARIN COUNTY (CA) RETIREMENT ASSOCIATION
Consultant, MEKETA INVESTMENT GROUP, INC.
Managing Principal, MEKETA INVESTMENT GROUP, INC.
Associate, MEKETA INVESTMENT GROUP, INC.
General Partner, MICHELSEN FAMILY PARTNERS (FAMILY OFFICE)
Board Member, MICHIGAN EMPLOYEES' RETIREMENT SYSTEM
Trustee, NEUROSCIENCES RESEARCH FOUNDATION
President, NEWPORT CAPITAL ADVISORS
Senior Consultant, NEW ENGLAND PENSION CONSULTANTS
Senior Investment Officer, CFO, NEW MEXICO STATE UNIVERSITY FOUNDATION
Executive Director, Vice President for University Advancement, NEW MEXICO STATE UNIVERSITY FOUNDATION
Executive Director for Pensions, NEW YORK CITY RETIREMENT SYSTEMS
Assistant Treasurer, OHIO STATE UNIVERSITY
Managing Director, OLD CITY INVESTMENT PARTNERS LLC (FAMILY OFFICE)
Board Member, ONTARIO MUNICIPAL EMPLOYEES RETIREMENT SYSTEM
Chairman, ORAL & MAXILLOFACIAL SURGERY FOUNDATION
CEO, PACELINE CAPITAL ADVISORS, LLC
Principal, PENSION CONSULTING ALLIANCE, INC.
Board Trustee, PHILADELPHIA BOARD OF PENSIONS
Managing Director, QUINTESSENCE GROUP, LTD
President/ CEO, RANCHO CAPITAL MANAGEMENT, INC. (FAMILY OFFICE)
President, RITCHIE GROUP
Executive Director, RIO HONDO COLLEGE FOUNDATION
Managing Director, ROGERSCASEY
Chairman, Investment Committee, RUTGERS UNIVERSITY ENDOWMENT
Chief Financial Officer, SACRAMENTO REGION COMMUNITY FOUNDATION
Trustee, SAN BERNARDINO COUNTY EMPLOYEES' RETIREMENT ASSOCIATION
Executive Director/Chief Investment Officer, SAN BERNARDINO COUNTY EMPLOYEES' RETIREMENT ASSOCIATION
Chief Investment Officer, SAN DIEGO COUNTY RETIREMENT SYSTEM
Chief Financial Officer, SAN DIEGO FOUNDATION
Trustee, SANTA BARBARA (CA) COUNTY RETIREMENT BOARD
Senior Consultant, SEGAL ADVISORS
Managing Director, SLUSSER ASSOCIATES INC
Vice President for Finance and Administration & CFO, SOKA UNIVERSITY OF AMERICA
Controller, SOKA UNIVERSITY OF AMERICA
Executive Director: Collaboratory for Research on Global Projects, STANFORD UNIVERSITY
Program Advisor - Investment Analysis, Education & Outreach , STATE OF CALIFORNIA SAVINGS PLUS PROGRAM
President, STRATFORD ADVISORY GROUP, INC.
Consultant, STRATFORD ADVISORY GROUP, INC.
President and CEO, TEACHERS' RETIREMENT ALLOWANCES FUND
Vice Chairman & Trustee, TEXAS PERMANENT SCHOOL FUND
Chief Investment Strategist, Senior Managing Director, TIAA-CREF
CEO & Principal, TRUST ADVISORS, LLC
Chairman of the Investment Committee, UCLA FOUNDATION
Chief Executive Officer, UNITED MANAGEMENT GROUP (FAMILY OFFICE)
Chairman of the Investment Committee, UNIVERSITY OF ALASKA ENDOWMENT
Vice President-Internal Asset Management, VERIZON INVESTMENT MANAGEMENT
Trustee, WEST PALM BEACH POLICE OFFICERS PENSION FUND
President, THE WHITNEY ORGANIZATION, LTD. (FAMILY OFFICE)
Executive Vice President, THE WHITNEY ORGANIZATION, LTD. (FAMILY OFFICE)
Chief Investment Strategist, WHITTIER TRUST COMPANY (MULTI-FAMILY OFFICE)
Director of Research, WURTS & ASSOCIATES
Senior Consultant, WURTS & ASSOCIATES
Senior Consultant, WURTS & ASSOCIATES
Vice President, ZENITH INSURANCE COMPANY

Managing Director, ATALAYA CAPITAL MANAGEMENT LP
TBA, BLUEPRINT VENTURES
Chief Financial Officer, CAP FUND
Managing Director, CHILTON INVESTMENT COMPANY
Founding Partner & Portfolio Manager, ENTRUST CAPITAL INC.
Managing Director, Senior Portfolio Manager, FIDUCIARY ASSET MANAGEMENT
Principal, FIREBIRD MANAGEMENT LLC
Managing Director, FISHER LYNCH CAPITAL
Managing Partner, FURTHER LANE ASSET MANAGEMENT
Co-Founder, GRADIENT ANALYTICS
Partner, HAGIN INVESTMENT MANAGEMENT
Partner, KEATING INVESTMENTS LLC
Partner, LABRADOR VENTURES
TBA, LEVENFELD PEARLSTEIN
Senior Partner, LIBERTY GLOBAL PARTNERS
TBA, LM CAPITAL GROUP, LLC
Partner, MAP ALTERNATIVE ASSET MANAGEMENT

President, MILLBRAE ENERGY LLC
Portfolio Manager, NOSTRADAMUS FUNDS LLC
Principal/CFO, PALISADES FINANCIAL LLC
Vice President, PERMAL ASSET MANAGEMENT
Co-CEO, PREMIER PACIFIC VINEYARDS
President, PRIMUS ASSET MANAGEMENT, INC.
President, PROCTOR INVESTMENT MANAGERS LLC
Chairman/CEO, RAMSEY ASSET MANAGEMENT
Managing Director, ROSEMOUNT CAPITAL MANAGEMENT, LLC
President, ROYSTON INVESTMENTS CORP
Managing Director, SG AMERICAS SECURITES LLC
Managing Partner & President, SIMRAN CAPITAL MANAGEMENT LLC
Founder & CEO, TULLIS-DICKERSON & CO., INC.
TBA, WACHOVIA
Managing Principle, WESTPORT CAPITAL PARTNERS, LLC

Sunday, December 2, 2007

Golf tournament

8:00a-12:00p

Exhibit Set-up

11:00

Registration

12:15-12:30

Co-Chair Welcoming Remarks

12:30 - 12:50

Repricing Risk: Insights into Frauds and Blow-Ups

Boxed Lunch will be served

Partner, NIXON PEABODY LLP
Partner, NIXON PEABODY LLP

12:50 - 1:10

1:10 - 1:30

"New Frontiers in Alternative Investment"

Director, SG AMERICAS SECURITES LLC

1:30 - 2:30

Alternatives Roundtable: a plan sponsor perspective on the role of alternatives past, current and future.
A panel representing a diverse cross-section of investors—will discuss issues of top concern impacting decisions to allocate to Alternative Investments. The panel will delve in to the differences and similarities in the investors’ objectives, concerns and challenges in tapping the sector.

Panelists:
Assistant Comptroller for Pensions, New York City Retirement Systems
Chairman, Investment Committee, Rutgers University
CIO, NEW YORK UNIVERSITY
President and CEO, Teachers' Retirement Allowances Fund

2:30 - 3:10

Generating Alpha/Managing Risk in a Fat-Tailed World

Investors’ usual assumptions about risk and outlier events are unrealistic. Recently, so-called, five-sigma or even ten-sigma events have been occurring not every hundred years like the proverbial flood but much more frequently. While we try to understand these events as perfect storms, the harsher truth is that the financial markets are, as Mandelbrot has suggested, much more prone to extremes. In other words, we live in a fat-tailed world not a bell curve one. How can investors generate alpha and manage risk at a time when environmental, political, terrorist and now liquidity risks threaten their portfolios?

Our panelists will discuss two unusual strategies, one from equities and the other from hedge funds which have been shown to weather storms including those of the past summer.

Panelists:
Managing Director, MAYERCAP, LLC
CFA, Director, WELLS FARGO ALTERNATIVE ASSET MANAGEMENT, LLC
CFA, Director, WELLS FARGO ALTERNATIVE ASSET MANAGEMENT, LLC
Ph.D., Managing Director, MAYERCAP, LLC
Managing Director, WELLS FARGO ALTERNATIVE ASSET MANAGEMENT, LLC

3:10 - 3:30

Hedge Funds Need TLC!!!

CEO, GLOBALBRIDGE

3:30 - 4:30

Alternative Investment Styles and Strategies.

An in-depth look at which investment styles and strategies hedge funds are employing to stay ahead of the curve.
• Event Driven & Relative Value Arbitrage
• Using ETFs in TAA strategies
• Rationale for pursuing hedge fund strategies
• The evolution of absolute return investing
• Using 130/30 Strategies
• Why and how should pension funds allocate to volatility based strategies?
• Asset backed lending strategies
• The increase of multi-asset class structured products

Moderator:
Managing Director, ROGERSCASEY

Panelists:
Partner, ATALAYA CAPITAL MANAGEMENT LP
Partner, HAGIN INVESTMENT MANAGEMENT
ABSOLUTE INVESTMENT ADVISERS LLC
Director, Hedge Funds, MORNINGSTAR

4:30 - 5:30

Fund of Funds

Moderator:
Managing Director, CONTEXT CAPITAL PARTNERS

Panelists:
Executive Director, Structured Alternative Investments, JPMORGAN
Director of Fundamental Research, SEI INVESTMENTS
Head of Investments, EFFICIENT CAPITAL MANAGEMENT

4:30 - 5:30

Consultants roundtable

Moderator:
Principal, GREENWICH ASSOCIATES

Panelists:
Director of Alternative Research, EVALUATION ASSOCIATES LLC
Managing Principal, MEKETA INVESTMENT GROUP, INC.
Senior Consultant, NEW ENGLAND PENSION CONSULTANTS
Senior Consultant, WURTS & ASSOCIATES

6:30 - 7:30

Cocktail Reception
Sponsored by: SG AMERICAS SECURITES LLC

Monday, December 3, 2007

7:30a - 8:15

Continental Breakfast
Sponsored by: RBC CAPITAL MARKETS

7:15 - 7:55

Closed door Investor Breakfast Roundtable
“Alternative Investments: The New Forefront”
• Why are Alternatives so main stream
• Why is it important to include them in your portfolio
• How do you implement them in to your portfolio?
• How many managers are optimal for a specific asset class
• Real world examples of what’s working and what’s not
• Asset allocation trends – what is the typical level of commitment by plans sponsors today
• Expense management, what to look for in pricing and implementation costs

Facilitators:
CEO, CLAREMONT UNIVERSITY CONSURTIUM
Executive Director for Pensions, NEW YORK CITY RETIREMENT SYSTEMS

8:00 - 8:20

President, MUIRFIELD CAPITAL MANAGEMENT

8:20 - 9:00

Longevity Derivatives - An Emerging Alternative Asset Class
• What are Longevity Derivatives?
• Why is this a compelling asset class today?
• What are the primary return drivers and risks?
• Tools for investors to acquire exposure to this asset class, including:
• Portfolio / flow purchase arrangements
• Synthetic life settlements/total return swaps
• Structured Notes

Managing Director, DEUTSCHE BANK

Track A

Track B

9:00 - 10:00

Defining, Finding and Using Alpha
• Which alpha strategies tend to consistently achieve
• superior returns?
• Are you getting high alpha or repackaged beta strategies?
• Extracting and applying alpha
• Portable alpha: what it is and what it isn’t?
• What will be the drivers of alpha going forward?
• Seeking alpha in an environment of low returns
• Redefining alpha
• What are the next sources of alpha?
• Generating alpha through familiar option strategies

Moderator:
Executive Director, Chicago Park Employees' Annuity & Benefit Fund

Panelists:
Co-Founder, GRADIENT ANALYTICS
President, ORE HILL PARTNERS LLC
Director of Business Development & Investor Relations, QUANTITATIVE FINANCIAL STRATEGIES

Private Equity
• How do private equity and PIPES managers manage
• illiquidity?
• Opportunities in illiquid positions
• Risk and return characteristics of private equity, are
• they changing?
• How to build a new private equity program and take it
• to mature stage
• The implications of the convergence between private
• equity and hedge funds
• Is there too much leverage in buy-outs with cheap
• liquidity?
• Length and phases of the development
• Pros and cons of private placement versus going public
• What types of strategies are involved?

Moderator:
Board Trustee, Philadelphia Board of Pensions

Panelists:
Managing Partner, CRESTVIEW CAPITAL FUNDS
Managing Director, FISHER LYNCH CAPITAL
Partner, KONANDA PHARMA PARTNERS
Partner, ALTIUS ASSOCIATES

10:00 - 11:00

Real Assets Delivering Real Returns
• Timber
• A case for precious metals
• Direct vs. indirect investments
• How do real assets recognize client liabilities?
• Oil and gas
• What are the after tax implications of real assets?
• What are some of the more suitable investment vehicles
• for private clients?
• A case for precious metals

Moderator:
Senior Consultant, SEGAL ADVISORS

Panelists:
Portfolio Manager, NOSTRADAMUS FUNDS LLC
RAB Global Mining & Resources Funds and Special Situations Fund, RAB CAPITAL PLC
Managing Director, Senior Portfolio Manager, FIDUCIARY ASSET MANAGEMENT

Alternative Structured Products
• Could structured products become the new mutual funds?
• Employing CDOs and structured credit in an alternative
• investments portfolio
• What are the benefits of structured products on
• alternative investments?
• How to use funds to access unusual assets
• New developments in hedge fund structured products
• Principal protected hedge fund products

Moderator:
Managing Director, SCOTIA CAPITAL

Panelists:
Senior Managing Director, FURTHER LANE SECURITIES
Managing Director, SG AMERICAS SECURITES LLC
Director, BARCLAYS CAPITAL
Senior Vice President, Peachtree Life Settlements

11:00 - 11:15

Morning Refreshment Break

11:15 - 12:15

Hedge funds
• Hedge funds in the family office portfolio
• Is there evidence that hedge funds can time the market?
• Manager incentives and expenses associated with
• hedge funds
• Performance measurement of hedge funds
• Synthetic hedge funds

Moderator:
President, GKM CAPITAL INC (FAMILY OFFICE)

Panelists:
Managing Director, CHILTON INVESTMENT COMPANY
Managing Director of Business Development, ENTRUST CAPITAL INC.
Chief Financial Officer, CAP FUND
Managing Partner & President, SIMRAN CAPITAL MANAGEMENT LLC

Venture Capital
• What is the venture capital forecast for the next 5 years?
• Early stage investing
• What makes venture capital work?
• What innovative exit strategies are in the works?
• What do the new players in venture capital have to offer?
• What does the new playing field look like?
• Strategies to accelerate growth globally and create
• unique value

Moderator:
Managing Director for Strategic Planning, N.Y.C. CONTROLLER'S OFFICE

Panelists:
Partner, LABRADOR VENTURES
Founder & CEO, TULLIS-DICKERSON & CO., INC.
Managing Director, BLUEPRINT VENTURES
Portfolio Manager, United American Ventures

12:15p - 1:00

Real Estate investing trends and strategies
This panel will compare various categories within real estate investing and consider demographic and market shifts. Panelists will discuss their particular investing styles, where they believe the greatest returns will come from and what strategies will succeed for the future.

• Implications of rebalancing the real estate portfolio
• Understanding different types of real estate private
• equity investment strategies
• Views on interest rates and the impact on real
• estate investing
• Value-added/opportunistic real estate
• Investing in a decelerating market
• The current state of the international and domestic
• REIT market
• Real estate investing trends in the U.S.

Moderator:
Vice Chairman, CITY OF ANN ARBOR EMPLOYEES RETIREMENT SYSTEM

Panelists:
Co-CEO, PREMIER PACIFIC VINEYARDS
Investment Analyst, ABN AMRO ASSET MANAGEMENT, GLOBAL PROPERTY SECURITIES STRATEGY
Principal/CFO, PALISADES FINANCIAL LLC
Managing Principle, WESTPORT CAPITAL PARTNERS, LLC

Commodities

Moderator:
Executive Vice President, PIMCO

Panelists:
President and Chief Executive Officer, ALTEGRIS INVESTMENTS
Managing Director, LM CAPITAL GROUP, LLC
Principal, SOURCE ROCK CAPITAL
Hedge Fund Analyst, ERMITAGE GROUP

1:00 - 2:15

Luncheon

2:15 - 3:15

Manager Selection:
• Choosing a Manager to consistently Beat the Benchmark
• Qualitative approaches
• Quantitative and Qualitative Techniques for Effective
•Funds of Funds Screening
• Understanding the hedge fund manager
• The top 5 attributes to look for when choosing a manager
• Understanding the Role of Fees in the Manager Selection
• Process
• The role of consultants in manager selection and risk
• control

Moderator:
Executive Director NMSUF, Vice President, University Advancement, NEW MEXICO STATE UNIVERSITY FOUNDATION

Panelists:
Vice President, Permal Asset Management 
President and CEO, Proctor Investment Managers LLC

Asset allocation:
Determining how much should be allocated to alternative investments and to which investment vehicles

• Critical considerations for hedge fund allocation
• Selecting the optimum asset allocation for your
• alternatives portfolio
• Strategic asset allocation
• Risk budget allocation
• The current and prospective global economic trends in
• asset allocation
• What are the costs of implementing alternative allocation?
• Overlay allocation

Moderator:
CEO, CLAREMONT UNIVERSITY CONSURTIUM

Panelists:
Trustee, Jacksonville (FL) Police & Fire Pension Fund
City Treasurer, City of Chicago

3:15 - 4:15

Meet the Alternative Managers

Moderator:
President, PROFESSIONAL FIREFIGHTERS OF GEORGIA

Panelists:
President, ROYSTON INVESTMENTS CORP
Managing Director, ROSEMOUNT CAPITAL MANAGEMENT, LLC
Managing Director, CARDINAL POINT CAPITAL LLC
Senior Vice President, Citigroup/Smith Barney
Senior Managing Director, Relativity Capital

Integrating Emerging Markets into Institutional Portfolios
A panel of industry experts will discuss emerging markets
and opportunities relative to private equity and hedge funds
• What are the investment opportunities in the BRIC’s
• economies
• Which sectors present the greatest risk and what are the
• risk factors specific to these markets and other
• Emerging Markets
• What are the types of investment vehicles available to
• gain exposure to emerging markets
• How can you compare investment opportunities between
• the different and very diverse emerging markets

Panelists:
Principal, FIREBIRD MANAGEMENT LLC
Partner, KEATING INVESTMENTS LLC
Senior Partner, LIBERTY GLOBAL PARTNERS

4:15 - 4:30

Afternoon Refreshment Break
Sponsored by:

4:30-5:15

Portfolio construction - application and techniques
• How to construct portfolios for a targeted risk level
• How effective is using less liquid alternative assets to
• meet long-term institutional portfolio objectives?
• What is involved in structuring a well-diversified portfolio?
• What is the role of a consultant?

Moderator:
Service Portfolio Strategist, ASSET MANAGEMENT ADVISORS (MUILTI-FAMILY OFFICE)

Panelists:
VP/Hedge Fund Research, ERMITAGE GROUP

Alternative vs. Traditional investments: can the two coexist

Moderator:
Chief Investment Strategist, Senior Managing Director, TIAA-CREF

Panelists:
Managing Director, MERRILL LYNCH

5:15 - 6:00

Multi-strategy vs. single-strategy and fund of funds

Moderator:
Principal, ASSET STRATEGY CONSULTANTS

Panelists:
President & Partner, ALEXANDRA INVESTMENT MANAGEMENT, LLC
President, NEWPORT CAPITAL ADVISORS
Managing Director, RIVERVIEW INVESTMENT ADVISORS

Risk
• How much risk are funds taking on in their quest for
• greater returns?
• Managing risk in single-strategy, multi-strategy of fund
• of fund portfolios
• Performance and risk monitoring
• Global risk and geopolitics
• Risk attribution of mixed portfolios
• Managing illiquid asset classes
• Where do you allocate risk in a high-fee environment?
• Adjusting risk exposure with derivatives

Moderator:
President, IRVINE HEALTH FOUNDATION

Panelists:
Director of Hedge Funds, HAMMOND ASSOCIATES
Partner, LEVENFELD PEARLSTEIN
Chief Risk Officer, ROCK MAPLE FUNDS

6:00 - 6:35

Environmental Infrastructure; Wetlands, Wildlife and Real Estate/Private Equity
Discussion on their latest project “Investing in Environmental Infrastructure; Wetlands, Wildlife and Real Estate/Private Equity”.
Learn about the economics of protecting and restoring the environment through wetland mitigation and habitat conservation banking.

CEO, TIMBERVEST

"Real Estate Funds"

Director, WACHOVIA SECURITIES
Managing Director, WACHOVIA SECURITIES

6:35 - 7:35

Cocktail Reception
Sponsored by: Premier Pacific Vineyards

TUESDAY, December 4, 2007

7:15 - 7:45a

Continental Breakfast
Sponsored by:

7:45 - 8:00

Welcoming Remarks

8:00 - 8:30

How to Prosper from the Worldwide Energy Crisis (without destroying the planet)
• Is Renewable Energy Really Economical?
• Which Technologies Have the Greatest Potential?
• Where in the World are the Best Investments?

Founder & Portfolio Manager, NEW ENERGY FUND, LP

8:30 - 9:00

“August 2007, What Really Happened, What Can We Learn from these Events”

A Structured Product Professional and FX Specialist discuss Dr. Andrew Lo’s paper, “What happened to the (Equity) Quants in 2007.”
Listen to a lively debate about how structured products, currency and quantitative equity strategies affect each other and other markets and strategies.
Decide for yourself if this was a once in a lifetime event or an indication of what will happen with increasing frequency in markets.

Moderator: National Director of Institutional Solutions, RUSSELL INVESTMENT GROUP
Director, HATHERSAGE CAPITAL MANAGEMENT
Director, NOMURA SECURITIES INTERNATIONAL

9:00 - 9:45

Plan Sponsor Roundtable

Moderator:
Vice Chairman & Trustee, TEXAS PERMANENT SCHOOL FUND

Panelists:
Chairman of the Investment Committee, UNIVERSITY OF ALASKA ENDOWMENT
Chief Investment Officer, SAN DIEGO COUNTY RETIREMENT SYSTEM
Executive Director, LOS ANGELES CITY EMPLOYEES' RETIREMENT SYSTEM

9:45 - 10:45

Exploring the current and future regulatory environment
This session will explore the current regulatory issues that hedge funds and their advisers are facing in the U.S. and Europe . Key areas of focus will be:
• SEC proposal - changes in accredited investor requirements and anti-fraud rule 206
• Investor protection
• Conflicts of interest
• SEC registration/examinations update
• Enforcement actions
• Cayman new e-filing requirements
• Responsibilities of directors

Moderator:
Managing Director, Slusser Associates Inc

Panelists:
Partner, LEVENFELD PEARLSTEIN
Vice Chairman & Trustee, SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND

10:45 - 11:45

Convergence of Fund of Funds and Consultants
• Role of a consultant in constructing a hedge fund portfolio – discretionary versus hedge fund of funds
• Internal hedge fund of funds within Consulting firms...resources and expertise compared to a dedicated fund of funds
• Value add of a hedge fund of funds
• Addressing the role of fiduciary oversight in a hedge fund portfolio
• How many hedge funds make a diversified portfolio, are some hedge fund of funds too diversified?

Moderator:
Consultant, STRATFORD ADVISORY GROUP, INC.

Panelists:
Chief Executive Officer, EQUITAS CAPITAL ADVISORS LLC
Principal, MUIRFIELD CAPITAL MANAGEMENT
Associate Director, PACIFIC ALTERNATIVE ASSET MANAGEMENT COMPANY
Managing Director, MERIDIAN CAPITAL PARTNERS

11:45 - 12:00

Closing Remarks