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Wednesday, July 8, 2009
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8:00a
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AMERICA’S CUP SAILBOAT REGATTA
Sponsors include:
SG AMERICAS SECURITIES
OPTIONS INDUSTRY COUNCIL
THE LEUKEMIA & LYMPHOMA SOCIETY
FINISTERRE CAPITAL
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8:00a
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Exhibit Set-up
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11:00a
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Registration
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12:30p
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Co-Chair Opening Remarks
Director of Private Wealth Consulting, HAMMOND ASSOCIATES
Managing Member, GRAYMATTER STRATEGIES, LLC
President, MACK INTERNATIONAL, LLC
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12:40p
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Vice President, SG AMERICAS SECURITIES
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1:00p
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Partnerships in Excellence
The Critical Role of Health Care in Client Risk
Chairman, President & CEO, MEDICAL EXCELLENCE, INC.
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1:20p
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Family Office Investment Professionals Discussion:
This panel is comprised of family office investment professionals and advisors set on discussing the current state of the family office, as well as the future investment cycles ahead.
Moderator:
Director of Private Wealth Consulting, HAMMOND ASSOCIATES
Panelist:
Chairman, GREYCOURT & CO., INC.
CEO, SPRINGCREEK ADVISORS
Managing Director, ROCKEFELLER & CO.
Principal, WITHERS BERGMAN, LLP
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2:30p
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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
• How can investing in managed futures help your portfolio
Moderator:
Founder, VOGEL CONSULTING
Panelists:
Director, ALPHABET MANAGEMENT, LLC
Senior Management Team Member, SUNRISE CAPITAL PARTNERS LLC
Managing Director, FORTIGENT, LLC
Director, PEACHTREE ASSET MANAGEMENT
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3:30p
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Afternoon Refreshment Break
Sponsored by:
MEDICAL EXCELLENCE, INC.
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3:45p
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Manager Selection: What Should Family Offices Be Looking For When Selecting Managers?
• Manager selection risk factors
• Detecting manager fraud
• Examples of major manager fraud cases
• Qualitative screening and due diligence
• What are the key determinants when selecting a manager?
• Working with a consultant during the manager selection process
• What should a family office be looking for when selecting a manager?
• Defining and managing investment manager styles
• What are the most effective quantitative and qualitative methods for selecting managers?
• Is it possible to consistently choose managers that surpasses the benchmark?; if so, what is the secret?
Moderator:
Founding Partner, MASSEY, QUICK & CO. LLC
Panelists:
Principal, MERCER INVESTMENT CONSULTING
Managing Partner and CIO, OCEAN ENDOWMENT PARTNERS, LLC
Senior Managing Director, President, VISION CAPTIAL ADVISORS LLC
CEO, REVERE CAPITAL ADVISORS
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4:40p
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Challenges And Developments Facing Family Offices Within Asset Allocation Process: What strategies will work the 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:
President, HARRIS MYCFO
Panelists:
Managing Director, FRACTAL ADVISORS, LLC
Managing Director, OPTIONS INDUSTRY COUNCIL
Founder and Managing Partner, SKYBRIDGE CAPITAL, LLC
Managing Director, FIRST CAPITAL
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5:35p
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Identifying “Alternative” Investment Opportunities For Family Offices That Have Arisen From The Current Global Market Conditions:
Moderator:
Vice President, GENSPRING FAMILY OFFICES, LLC
Panelists:
Director of Acquisitions, AMERIFUNDS DIVERSIFIED FUNDING
Senior Vice President, COVENTRY
Founder, VCFA
Partner, ARTIST RARE INSTRUMENT FUND
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6:30p
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Cocktail Reception
Co-Sponsored by:
SG AMERICAS SECURITIES &
THE LEUKEMIA & LYMPHOMA SOCIETY
Special Guest:
National Chairman, Leukemia Cup Regatta
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Thursday, July 9, 2009
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7:00A
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Continental Breakfast
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8:00a
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Opening Remarks
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8:05a
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“Opportunities In Healthcare”
• Healthcare: broader than you think
• Why invest in a specialized healthcare hedge fund strategy? - especially now
• Healthcare reform - the good, the bad, the ugly
• Inefficiency and secular growth, a good combination
Speaker:
Partner, Portfolio Manager, CCI HEALTHCARE PARTNERS
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8:25a
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Managed Futures: Mounting Consensus as a "True Alternative" and Its Growing Relevance for Investors
• 2008 exposed weaknesses in many investors' asset allocation strategies to alternatives
• 2008 reminded investors that managed futures is a "true alternative"
• Investors are rediscovering decades of research supporting Managed Futures' beneficial role
• Managed Futures is not just for diversification but also a liquid source of alpha
• Managed Futures satisfies investors' post-Madoff, post Credit Crisis concerns as well, namely: liquidity, transparency, regulation
• Conclusion: Managed Futures is not just another elective tactical allocation, but a worthy perennial holding at the asset allocation level
Speaker:
Senior Managing Director – Strategic Development, WELTON INVESTMENT CORP
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8:45a
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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
• Program Related Investments
• Charitable Deductions
Moderator:
Chairman, THE WEALTH & FAMILY MANAGEMENT GROUP
Panelists:
Senior Philanthropic Advisor, HARVARD UNIVERSITY
Managing Director, BENCHMARK CAPITAL
CEO, THE LEGACY PLANNING GROUP INC.
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9:45a
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Outlook On Private Equity
• New developments in the global private equity markets
• What private equity strategies are producing the best returns?
• Asset allocation decisions and up and coming trends
• Is there too much leverage in buy-outs with cheap liquidity?
• Pros and cons of private sale versus going public
• Opportunities for liquidity in private investments and partnerships
• How to build a new private equity program and take it to mature stage
• Length and phases of the development
• The convergence of private equity and hedge funds
• Rethinking private equity in healthcare - where public health, reform, and regulation converge
• Back to the basics with innovation: Think like an investor, but act like an entrepreneur
Moderator:
Managing Director, Head of Investment Manager Research, ROGERSCASEY
Panelists:
Chairman and CEO, REVEN CAPITAL
Managing Principal, RCP ADVISORS
Managing Director, PEARL STREET CAPITAL GROUP
Managing Partner, LIFETECH DEVELOPMENT PARTNERS, LP
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10:45a
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Refreshment Break
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11:00a
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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 market 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:
Chief Investment Officer, KRUSEN FAMILY OFFICE
Panelists:
President, PAINE HEIGHTS MANAGEMENT LLC.
COO/ CFO, MONT PELERIN CAPITAL, LLC
Managing Director, Senior Portfolio Strategist, QFS ASSET MANAGEMENT
Portfolio Manager & Managing Partner, CADIAN CAPITAL
Chairman, CIO, COHEN & COMPANY
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12:00p
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Fund Of Hedge Funds
• Employing hedge funds as a portable alpha strategy
• Are fund of hedge funds the 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:
Managing Partner, BERYL CONSULTING
Panelists:
Chief Risk Officer, ROCK MAPLE FUNDS
CIO, TEMPLAR CAPITAL MANAGEMENT S.A.
Founder & CIO, STRIPES ALTERNATIVE ASSET MANAGEMENT
Chief Investment Officer, VERITAS PARTNERS
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1:00p
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Luncheon
“Gold as an Asset Class”
Speaker:
Head of Investment, North America, WORLD GOLD COUNCIL
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2:15p
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Outlook On Real Estate
• 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
• Views on interest rates and the impact on real estate investing
• Value-added / opportunistic real estate
Moderator:
Executive Director, BROOKS CAPITAL GROUP (FAMILY OFFICE)
Panelists:
Principal/COO, ALLIANCE COMMERCIAL PARTNERS, LLC
Executive Vice President, BOURNEBRIDGE CAPITAL
Chief Executive Officer, GENERAL EQUITY REAL ESTATE, LLC
Principal, LBG REALTY ADVISORS
Founder & CEO, DAVIS CAPITAL GROUP
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3:30p
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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
• Opportunities created by environmental and climate change regulation
• Value investing across the energy chain
• Managed futures and options – Energy sector specific
• Comparing trading strategies in the Energy complex: Discretionary vs. Trend Following, Actively Managed
vs. Long Only
Moderator:
Managing Director, L INVESTMENTS (FAMILY OFFICE)
Panelists:
Head of Corporate Development, TORTOISE CAPITAL ADVISORS
Managing Member and Co- Founder, HUDSON CAPITAL GROUP, LLC
Senior Portfolio Manager, LUCAS CAPITAL MANAGEMENT, L.L.C.
Partner, THE TREMONT GROUP
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4:30p
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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:
Director, CI INVESTMENTS
Panelists:
Chief Investment Officer, FINISTERRE CAPITAL
Principal, WITHERS BERGMAN, LLP
Founder and CIO, PACIFIC SUN INVESTMENT MANAGEMENT (HK) LTD
Emerging Markets Portfolio Manager, PARAMETRIC (AN EATON VANCE COMPANY)
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5:30p
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Cocktail Reception
Sponsored by:
BOXWOOD STRATEGIC ADVISORS, LLC
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Friday, July 10, 2009
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8:00a
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Exhibits Open
Continental Breakfast
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8:00a
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Private Closed Door Breakfast For Family Office And Multi –Family Office Executives
This private, closed-door session will be organized for foundations, family offices, multi-family offices, and accredited high-net worth individuals to address issues these organizations/individuals endure day-to-day. Two family office members will lead the panel in discussions on areas of specific concern.
**Please note that you must RSVP for this session with a signed form verifying that your organization is solely a family office or multi-family office, or that you are an accredited high-net worth individual. No managers will be allowed in the session, no exceptions. All forms will be sent out with confirmation of registration. They must be returned no later than July 1, 2009.**
Facilitators:
Managing Member, GRAYMATTER STRATEGIES, LLC
President, MACK INTERNATIONAL, LLC
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8:50a
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Welcoming Remarks
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9:00a
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The Personal Risk Management Imperative:
Peace of Mind for Unstable Times
President, High Net Worth, MARSH PRIVATE CLIENT SOLUTIONS
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9:25a
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"The Fiat Currency Test"
Managing Partner, HAYMAN ADVISORS, L.P
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9:45a
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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
• Managing risk of alternative investment portfolios
• Tax and regulatory risks for family offices
Moderator:
CEO, S4 CAPITAL (FAMILY OFFICE)
Panelists:
Managing Director, CONNECTICUT INVESTMENTS LLC (MULTI-FAMILY OFFICE)
Managing Director, BENCHMARK CAPITAL
Principal, DALRYMPLE FINANCE, LLC
Portfolio Manager Merger Arbitrage, Director of Risk Management, KELLNER DILEO
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10:45a
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Asset Protection Strategies
• A new approach to traditional asset protection tools
• The role of healthcare
• The role of personal protection
• The role of family governance
• Managing internet social networking exposure
• The role of the family office in asset protection
Moderator:
Managing Member, GRAYMATTER STRATEGIES, LLC
Panelists:
Chair of Advanced Planning and Family Office Practice Group, HANDLER THAYER, LLP
President/Chief Operating Officer, PITCAIRN
Founder & CEO, WORLDCLINIC
Vice President, PICTET & CIE
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11:45a
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Boxed Lunch
Sponsored by:
MARSH PRIVATE CLIENT SOLUTIONS
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12:00p
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Family Office Consultant And Advisor Roundtable
• The new role of consultants in family offices
• Addressing family office needs with institutional-level solutions
• Best practices when consulting a family office
• Fiduciary responsibility of family office consultants
• Global diversification: the importance of addressing global family issues
• What have we learned from the market turmoil?
• Addressing non-investment related needs to family offices
Moderator:
President, MACK INTERNATIONAL, LLC
Panelists:
Principal & Managing Director, P-SOLVE ASSET SOLUTIONS
Managing Partner, RDK STRATEGIES
President, PPCA INC.
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1:00p
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Single Family Offices vs. Multi –Family Offices vs. Trust Companies
• 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
• What are the differences between each?
• What are the gray lines that divide each model?
• Security issues surrounding each model
Moderator:
Partner, DUNCAN ASSOCIATES
Panelists:
Partner, VERITABLE, LP (MULTI-FAMILY OFFICE)
Managing Director, FERGUSON PARTNERS FAMILY OFFICE
Chief Investment Officer, THE KOFFLER GROUP (FAMILY OFFICE)
Co-Founder, Co-Chief Executive Officer, SOUTH DAKOTA TRUST COMPANY LLC
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2:00p
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Closing Remarks
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