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Wednesday, July 9, 2008
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7:30a
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AMERICA'S CUP REGATTA
Sponsored By:
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11:00
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Registration
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12:45p
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Co-Chair Opening Remarks
HAMMOND ASSOCIATES
GRAY MATTER STRATEGIES, LLC
MACK INTERNATIONAL
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1:00
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How and Why Choose and Emerging Manager
• The statistical advantages of Emerging Managers
• The risks, perceived and real of hiring an Emerging Manager
• The Due Diligence Process – how is it different?
• Communications and the benefits of being an early investor
CLEAR ASSET MANAGEMENT, LLC
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1:20
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FAMILY ENDOWMENT PARTNERS
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1:40
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FAMILY OFFICE ROUNDTABLE:
THIS PANEL IS COMPRISED OF FOUR CHIEF EXECUTIVE OFFICERS AND OR CHIEF INVESTMENT OFFICERS FROM FAMILY OFFICES AND MULTI-FAMILY OFFICES TO DISCUSS THE CURRENT STATE OF THE FAMILY OFFICE AS WELL AS THE FUTURE INVESTMENT CYCLES AHEAD.
CONNECTICUT INVESTMENTS LLC (MULTI-FAMILY OFFICE)
THE KOFFLER GROUP (FAMILY OFFICE)
LOWENHAUPT GLOBAL ADVISORS, LLC (FAMILY OFFICE)
LIFSCHULTZ INVESTMENTS (FAMILY OFFICE)
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2:30
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CHALLENGES AND DEVELOPMENTS FACING FAMILY OFFICES WITHIN THE ASSET ALLOCATION PROCESS AND WHAT STRATEGIES WILL WORK BEST FOR THE FUTURE
• What role do structured products play in Asset Allocation
• Strategic Asset Allocation for Family Offices
• What is driving liability driven investing
• Tactical Asset Allocation
• Using ETFs in TAA strategies
• The evolution of TAA to GTAA
• Dynamic Asset Allocation
• Tactical vs. strategic asset allocation
• Critical issues regarding absolute returns
Moderator:
HAMMOND ASSOCIATES
Panelists:
NOSTRADAMUS FUNDS
ALEXANDRA INVESTMENT MANAGEMENT
LAZARD ASSET MANAGEMENT
REVENUESHARES
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3:30
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Refreshment Break
Sponsored By:
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3:45
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MANAGER SELECTION, WHAT SHOULD FAMILY OFFICES BE LOOKING FOR WHEN SELECTING MANAGERS
• What is the best way to identify prospective managers?
• What manager evaluation criteria and process work best?
• What are the key risk factors in manager selection?
• How does the due diligence process differ for family offices?
• How do you like to work with investment salespeople?
• What role do consultants play in the manager selection process?
• How do you make manager investment process and risk more transparent?
• How does alternative manager selection differ from long-only manager selection?
Moderator:
GenSpring Family Offices (Multi-family Office)
Panelists:
ROCK MAPLE FUNDS
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4:45
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INVESTMENT STYLES AND STRATEGIES FOR FAMILY OFFICES WHAT STRATEGIES SHOULD FAMILY OFFICES BE EMPLOYING TO MAXIMIZE RETURNS AND MINIMIZE RISK
• Global Macro
• Absolute Return strategies for Family Offices
• Traditional vs. non traditional, what are the benefits
• Finding the Right Equity Investing Styles
• Style selection criteria - how to decide what works best for your Family Office
• How to implement a style-based approach
Moderator:
JUDICIAL CAPITAL (FAMILY OFFICE)
Panelists:
LATEEF
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5:45
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Philanthropy: The Importance of Giving and Its Impact Within a Family Office Structure
• The Latest trends and Options available
• A Microfinance Outlook:: Can this become an Investment?
• Developing Charitable Trusts within the Family Office and the tools used
• What Tax Breaks Are Available
• Strategies used to continue the Multigenerational giving process
• The Vehicles used today in the giving process
Moderator:
Panelists:
NATIONAL PHILANTHROPIC TRUST
FIDELITY CHARITABLE SERVICES
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6:30
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Cocktail Reception
Sponsored by:
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Thursday, July 10, 2008
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7:15a
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Continental Breakfast
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8:15
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Co-Chair Welcoming Remarks
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7:15
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Private Closed Door Breakfast Family Office And Multi –Family Office Executives
This privately held closed-door session is organized for Foundations, Family Offices, Multi-Family Offices, and Accredited High-Net Worth Individuals to gather and address issues they endure Day to Day. This panel will be facilitated by 2 members of Family Offices to lead the discussion on areas of specific concern. **Please note that you must RSVP for this Session with a signed form that verifies you are indeed a 100 percent a Family Office, Multi-Family Office, or an Accredited High-Net Worth Individual. This is being done to protect the secrecy and integrity of the Family Office. No Managers will be allowed in this session. All Forms will be sent out with confirmation of registration. These must be returned no later than July 4, 2008. All participants will be checked at the door for admission. **
Facilitators:
GRAY MATTER STRATEGIES, LLC
GRAY MATTER STRATEGIES, LLC
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8:20
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WACHOVIA SECURITIES
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8:40
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"The Case for Global Macro Hedge Funds"
CENTENNIAL PARTNERS, LLC
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GENERAL SESSION
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9:00
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Hedge Funds, How do they fit in a Family Office portfolio
• How will hedge funds sustain alpha returns in the current marker environment
• Hedge fund and fees are they justified by their returns
• Comparative risks and returns of different hedge fund choices
• Using 130/30 Strategies
• Is there evidence that hedge funds can time the market?
• Manager incentives associated with hedge funds
• Performance measurement of hedge funds
Moderator:
EQUITAS CAPITAL ADVISORS LLC
Panelists:
BRIGADIER CAPITAL MANAGEMENT
MILLER & JACOBS CAPITAL, LLC
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10:00
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Private Equity
• New developments in the Global Private Equity markets
• Asset allocation decisions and up and coming trends
• The convergence of Private Equity and hedge funds as well as other asset classed
• What Private Equity Strategies are producing the best returns
• Opportunities for liquidity in private investments and partnerships
• 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
Moderator:
WAINWRIGHT INVESTMENT COUNSEL
Panelists:
FISHER LYNCH CAPITAL
VCFA
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11:00
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Refreshment Breaks
Sponsored by:
CENTENNIAL PARTNERS, LLC
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11:15
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Fund Of Hedge Funds
• Employing hedge funds as a portable alpha strategy
• Are Fund of Hedge Funds to best method to initially access the hedge fund universe
• What is the appropriate allocation to hedge funds for Family/Multi-Family Offices
• Have Fund of Funds become the platform of choice?
• Do International Funds of Funds offer an advantage
• How are funds of funds allocating capital across numerous hedge fund strategies
• How can fund of funds remain viable and still demonstrate the value they provide to investors?
• The pros & cons of separately managed accounts vs. co-mingled
• Concentrated, Sector Specific, Niche Fund of Funds, who is leading in performance?
Moderator:
NEWPORT CAPITAL ADVISORS
Panelists:
FINLES CAPITAL MANAGEMENT
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12:15p
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What Alternative Investments Are Out There and What Are The Best Methods for Getting Family Offices Involved
• Efficient blending of an alternative investment portfolio
• Alternative alternatives: structured products
• Optimizing the tax efficiency of your portfolio with alternatives,
• Taking a global view on alternatives
Moderator:
Panelists:
ROSEMOUNT CAPITAL MANAGEMENT, LLC
SG AMERICAS SECURITIES
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1:00
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Luncheon
Sponsored by:
TBA, WORLD GOLD COUNCIL
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2:15
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CONSULTANTS ROUNDTABLE
Moderator:
MACLAREN ADVISORS, LLC
Panelists:
KOS CONSULTANTS
EQUITAS CAPITAL ADVISORS LLC
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3:15
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Real Estate & Real Assets
• The benefits of adding Real estate to your portfolio
• Mitigating the risks
• How useful is it to add international real estate to your portfolio
• Distressed Real Estate Strategies
• Effective Strategies for investing in REITS
• What are the risk-return and return prediction characteristics of real assets?
• What is infrastructure and how can it fit in a portfolio
• Views on interest rates and the impact on real estate investing
• Value-Added / Opportunistic Real Estate
Moderator:
Panelists:
WELLS REAL ESTATE FUNDS
EQUASTONE
PALISADES FINANCIAL LLC
EQUITY RESOURCE INVESTMENTS
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4:15
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Refreshment Break
Sponsored by:
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4:30
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Alpha Versus Beta: Where is the Advantage for Family Offices
• How can investors find Alpha given turbulence in the markets today?
• 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, 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:
GLOBAL ENDOWMENT MANAGEMENT, LP
Panelists:
QFS ASSET MANAGEMENT LP
VERITABLE, LP (MULTI-FAMILY OFFICE)
HARRIS PRIVATE BANK
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5:30
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Direct Energy Investing For Family Offices
• Direct energy investing vs. commodity investing
• What vehicles are available and should be used by family offices in direct energy investing
• What are the risks involved with direct energy investing
• Tax benefits of direct energy investing
• Investing strategies behind direct energy investing
• Direct energy investing compared to publicly traded energy vehicles
• Energy master limited partnerships
• Is Peak Oil a reality or not? How to invest and profit from an energy supply demand disequilibrium
• Evaluating alternative and renewable energy investments
Moderator:
Lifschultz Investments (FAMILY OFFICE)
Panelists:
HARVEST FUND ADVISORS LLC
TORTOISE ENERGY FUNDS
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6:30
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Cocktail Reception
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Friday, July 11, 2008
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7:15a
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Continental Breakfast
Sponsored by:
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7:45
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Co-Chair Welcoming Remarks
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8:00
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Family Offices vs. Multi –Family Offices vs. Trust Funds
• What are the Benefits of Each
• The Importance of Expansion and How to Expand
• The internal Structures of Each Model
• Legal Issues Surrounding Each Model
• Governance and Administration
• Tax Liabilities
• The Risk Behind Each Model
Moderator:
Geller Family Office (MULTI-FAMILY OFFICE)
Panelists:
IWS - A ROCKEFELLER COMPANY
HILLVIEW CAPITAL
MACK INTERNATIONAL
HOMRICH & BERG, INC. (MULTI-FAMILY OFFICE)
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9:00
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RISK MANAGEMENT: “A RISKY BUSINESS”?
• Performance measurement and assessing risk
• Managed Accounts
• Notional Funding
• Managing liquidity and risk
• The importance of Qualitative and Quantitative manager Due Diligence
Moderator:
WEALTHTOUCH ADVISORS (MULTI-FAMILY OFFICE)
Panelists:
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10:00
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Emerging Markets: Where do the Opportunities Lie Today
• The BRIC Economies
• Which emerging markets are providing the greatest returns
• International and emerging markets bonds
• How to Perform Due Diligence in Key Emerging Markets
• Indexing Emerging Markets
• Tactical Asset Allocation strategies in Emerging Markets
• Mexico: Equity and Dept Outlook
• Distressed Debt Opportunities in Emerging Markets
• Choosing an Emerging Markets fund manager
Moderator:
GENSPRING FAMILY OFFICES (MULTI-FAMILY OFFICE)
Panelists:
Emerging Market Strategies
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11:00
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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?
• Transitioning from a Family Office into and Fund Manager
Moderator:
KINGS MOUNTAIN CAPITAL GROUP, LLC (HIGH NET WORTH)
Panelists:
FEDERAL STREET ADVISORS
UN CONSULTING
CASEY, QUIRK & ASSOCIATES LLC
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12:00
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Co-Chair Closing Remarks / Conference Concludes
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TEXT AGENDA (as of 05-09-2008)__