Preliminary Program 2010

Achim Pütz, CEO, Bundesverband Alternative Investments e.V. (BAI)

• What is seeding?
• Structure of a sead-deal
• Risk Mitigation

Hans Hurschler, Head of Hedge Fund Ventures, Man Investments

• Hedge Fund ETF - the ultimate access channel?
• How can UCITS solutions overcome the traditional barriers to entry for investors?
• Managed Account Platforms - holding the industry to account?

Tarun Nagpal, Managing Director Hedge Funds Derivatives, Deutsche Bank AG

• Why invest in Timberland?
• The Economics of Tree Growth
• How to invest in Timberland?

Jess Jarratt, President, Wells Timberland Management Organization, LLC

Achim Pütz, Partner, SJ Berwin LLP

“Managed Accounts – the saviours for institutional investments?”

• What they are and what they are not
• The issue of transparency and liquidity
• Impacts on risk and returns
• Advantages and disadvantages for institutional investors

Jeremy Hill, General Counsel (Investments), Universities Superannuation Scheme Limited
Timo Ritakallio, Deputy CEO, Ilmarinen Mutual Pension Insurance Company
Kevin Gundle, Director, Aurum Research Limited

Moderation: Philippe de Beaupuy, Head of Long/Short Equity and Event Driven Strategies
Lyxor Asset Management

Alan Hofmeyr, Head of Quantitative Research and Development Team, Marshall Wace LLP

• Is managing risk for hedge funds portfolios any different than for other asset classes?
• The crisis of 2008 – the litmus test for hedge fund risk management
• What institutional investors now should ask for
• Using managed accounts properly

Dr. Pierre-Yves Moix, Head of Investment Risk, Man Investments
Peter Willner, Senior Portfolio Manager, Hypovereinsbank UnicreditGroup
Stuart Hately, Head of Investment Operations, Royal Liver Assurance
Raphael Kron, Director Institutional Sales, GAM London Ltd.

Moderation: Dr. Lars Jaeger, Partner, CEO, Alternative Beta Partners AG

• Economic Outlook: A strong recovery now, but double-dip later?
• Inflation or Deflation?
• How to invest when the Macro outlook is uncertain: Lessons from the 2 lost decades in Japan
  The importance of tactical trading and changing your mind
• Benefits of Systematic Quantitative investing in uncertain markets

Dr. Sushil Wadhwani, CEO, Wadhwani Asset Management LLP
Manager systematic macro strategy, GAM

• Meaning of transparency in the qualitative selection process of Hedge Funds
• Analyzing and monitoring a Hedge Fund strategy
• Transparency as basis of Risk Management
• Investors tools

Philippe de Beaupuy, Head of Long/Short Equity and Event Driven Strategies
Lyxor Asset Management

• Non-correlating investment opportunities for investors?
• Handling investment restrictions
• Physical Investments in commodity markets – just a trend or a substitute for futures?
• Long/Short strategies - a useful tool to supplement long-only investment in commodity markets
• Risk-reward ratio of these niche investments

Thomas Mehlhorn, Kapitalanlage, VBM - Verband der Bayerischen Metall- und Elektro- Industrie e. V.
Jess Jarratt, President, Wells Timberland Management Organization, LLC
Dr. Andreas Muth, Managing Partner, IPB Holding AG
Christoph Eibl, Tiberius Asset Management AG
Martin Siegel, Berater Stabilitas Pacific Gold+Metals Fonds

Moderation: Frank Dornseifer, Managing Director Legal & Policy Affairs, BAI

"A New Age of Private Equity"

• What can we learn from Private Equity activity up to mid-2007?
• Will Private Equity still be an attractive asset class in the future?
• What changes might be required to the Private Equity model?
• What can we expect from Private Equity returns in the future?
• Where might we expect interesting new developments?

Bundesverband Alternative Investments e.V.

Michael Busack, Chairman, Bundesverband Alternative Investments e.V. (BAI)

• Lack of investment opportunities?
• Lack of readiness to assume risk?
• Lack of an appropriate business environment?

Wolfgang Lubert, Managing Director, Enjoy Venture
Dr. Michael Brandkamp, Managing Director, High-Tech-Gründer Fonds
Crispin Leick, Executive Director Ventures, RWE Innogy GmbH
Horst Gier, Chairman, S-UBG AG
Dr. Alexandra Goll, General Partner, TVM Capital

Moderation: Dr. Hendrik Brandis, Managing Partner, Earlybird Venture Capital

• Results of an investor survey
• Impact of regulatory restrictions
• Assessment of the current and future investment and exit environment
• Risk management approaches

Dr. Peter Laib, Managing Director, Adveq Management AG

• Correct identification and diversification of risk(s)
• Difference between active portfolio management and market-timing
• Importance of total risk-adjusted returns and a northwesterly track in the context of an efficient frontier
• Lock-ups, liquidity and the issue and role of Alternative Investments
• Navigating through the sea of Alternative Investments: Marketable versus Non-Marketable options

Gerald Chen-Young, Director of Investments & Portfolio Manager, United Negro College Fund (UNCF)

Dr. Andreas Kretschmer, Executive Board, Ärzteversorgung Westfalen-Lippe

"Financial Engineering after the financial crisis: Boon and bane for Private Equity-Investors?“*

• What does financial engineering mean and what role does the availability of debt play in this context?
• How does financial engineering influence different value creation drivers?
• What is the importance of financial engineering to generate excess returns?
• How does a reduced availability of debt affect expected returns of private equity investors?

Prof. Dr. Dr. Ann-Kristin Achleitner, KfW-Stiftungslehrstuhl für Entrepreneurial Finance,
Technische Universität München

• The track out of the crises: strategies investors should focus on
• Crises management for portfolio companies
• Risks and opportunities of secondaries
• PE and AIFM: an outlook on PE regulation in Germany

Heike Findeisen, Director, CACEIS Bank Luxembourg
Dr. Rüdiger Kollmann, Vorstand, Solutio AG
Thomas Mehlhorn, Kapitalanlage, VBM - Verband der Bayerischen Metall- und Elektro- Industrie e. V.
Patricia Volhard, Partner, P+P Pöllath + Partners

Moderation: Prof. Dr. Dr. Ann-Kristin Achleitner, KfW-Stiftungslehrstuhl für Entrepreneurial Finance,
Technische Universität München

• Challenges for hedge fund manager setting up NEWCITS
• Distribution of NEWCITS
• AIFM directive ante portas: a superior concept for regulation of hedge funds?
• The manager perspective: re-launching of hedge fund business in Germany?
• The investor perspective: Opportunities and challenges under AIFM and UCITS

Frank Dornseifer, Managing Director Legal & Policy Affairs, BAI
Thomas Deinet, Executive Director, Hedge Fund Standards Board (HFSB)
Marilyn Ramplin, CEO, Ramplin Capital
Paul Brine, Managing Director, Credit Suisse Asset Management
Rui Fernandes, Head of Equity and Fund Derivatives Product Development and Structuring, J.P. Morgan London

Moderation: Achim Pütz, Partner SJ Berwin LLP, CEO, BAI e.V.

Bundesverband Alternative Investments e.V. (BAI)

• Lessons learned from the crisis
• Fees
• Alternative Investments – are they demonstrably interesting?

Stuart Hately, Head of Investment Operations, Royal Liver Assurance
Roland Nunheim, Leiter Vermögensanlagen, BASF Pension Plan
Søren Kolbye Sørensen, CEO, DIP Danske civil-og akademi-ingeniørers Pensionskasse

Moderator: Gerald Chen-Young, Director of Investments & Portfolio Manager
United Negro College Fund (UNCF)