New speakers join Absolute Return Symposium

Fri Oct 2, 2009

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Third Point's Dan Loeb to join discussion of event-driven after activism.


Third Point founder Dan Loeb is among the new speakers lined up for this year's Absolute Return Symposium, to be held in New York November 3-4. Loeb will speak on the event-driven panel, addressing the question: If activism is dead, what will replace it?

Other additions include Daniel Arbess of Perella Weinberg Partners Capital Management, Doug Teitelbaum of Bay Harbour Management and Tim Babich, formerly of Silver Point and now of London-based Fortelus Capital Management, all of whom will be on the distressed panel with Marc Lasry of Avenue Capital. Paul Zummo of JPMorgan Alternative Asset Management and Charles Stucke of Guggenheim Advisors have joined the investors' panel.

Keynote speakers for the event include Israel Englander, the founder of Millennium Partners, who has some 35 years of experience in the securities and derivatives business and is at the helm of one of the world's most consistently strong hedge fund performers over a prolonged period. Last year, Millennium won Absolute Return's long-term performance award.

The second keynote is Larry Fink, who founded BlackRock in 1988 and is its chairman and chief executive. Fink has built that firm up into one of the largest investment managers in the world across all asset classes, including hedge funds. The group's hedge fund footprint is growing even larger following its landmark acquisition of Barclays Global Investors in June.

Rounding out the keynote lineup is Paul Ruddock, co-founder of Lansdowne Partners in London. Lansdowne is the biggest equity hedge fund manager in Europe, with about $14 billion, including a substantial number of investors in the U.S.

A number of other top managers will also be participating in panel sessions over the two-day event. A panel debating global macro issues will feature Kyle Bass of Hayman Capital, John Burbank of Passport Capital, Peter Thiel of Clarium Capital and Jim Melcher of Balestra Capital.

This year's quant session will feature Ross Garon of SAC Capital Advisors, Roy Niederhoffer of R.G. Niederhoffer Capital Management and Michael Geismar of Quantitative Investment Management. It will be moderated by top quant investor Rishi Narang of Telesis Capital.

As in previous years, there will be an array of strategy sessions, including panels on equity, event-driven and distressed strategies. Industry issues will also get an airing, including such topics as investment terms and fees, and regulation.

The opening panel, which will take a broad look at at the state of the industry after last year's market crash and ensuing chaos, will feature Eddie Fishman of D.E. Shaw, Frank Brosens of Taconic Capital Advisors and Geoffrey Sherry of Caxton's Lucidus Capital Partners. Investors Mike Hennessy of Morgan Creek Capital Management and Mihir Meswani, formerly of Robert Wood Johnson Foundation, will join Stucke and Zummo in the panel on issues concerning investors.

Helping put together the program is a top-level advisory board of leading names in the industry, all of whom have spoken at this event in previous years, including three who will be speaking again this time: Brosens, Hennessy and Lasry. The other members of this year's advisory board are Joel Katzman, formerly of JPMorgan Alternative Asset Management; Max Stone of D. E. Shaw and Eric Vincent, president of Ospraie Management.

The Symposium will offer networking opportunities during coffee breaks, lunch and cocktails. In order to allow for more content in the program, there will be two parallel stream sessions, whose details will be announced later.

To secure your place at this year's event, please use the booking form here or go to: www.absolutereturnsymposium.com AR

 

DAY ONE Tuesday, November 3
9.00 Doors open
9.45 Introductory briefing from AR/HedgeFund Intelligence
10.00 State of the Industry. Post crash, post redemptions: Is normalcy returning?
10.45 Coffee break

11.15 Keynote: Izzy Englander, Millennium Partners
12.00 Major strategy session: The quant conundrum: They're back, but will regulatory changes derail them?
12.45 Lunch

2.00 Event-driven: What's the next big trade now that activism is dead. Or is it?
2.45 Keynote: Larry Fink, BlackRock
3:30 Coffee break

4.00 Stream sessions
4.45 Macro players debate whether the developed world is in an irreversible decline - and how to play it.
5.45 Cocktail reception at 583 Park Avenue


DAY TWO Wednesday, November 4
8.30 Doors open
9.00 Equities: Financials have powered a rebound, but is there another shoe to drop?
9.45 Regulation: Is Washington up to the task of regulating hedge funds?
10.30 Coffee break

11:00 Stream sessions
11.45 Keynote: Paul Ruddock, Lansdowne Partners
12.45 Lunch

2.00 Hedge fund restructuring: Managers and investors debate approaches and terms
2.45 Distressed investing post-Chrysler: It's only getting better.
3.30 Close

Please note program is subject to change. Please visit: www.absolutereturnsymposium.com for updates