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9.00
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Doors open & registration
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9.45
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Introductory briefing from HedgeFund Intelligence and AR: Absolute Return + Alpha
A look at the key trends in the hedge fund world over the last year – the key stats on performance patterns, growth/decline of assets, new funds, shutdowns – and key talking points for debate inside
the business.
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10.00
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State of the industry: Post crash, post redemptions, is normalcy returning?
In market conditions that were arguably the worst since the 1930s, many hedge funds struggled – and raised the ire of investors. With the dust now starting to settle, what kind of market will it be going forward? Can hedge funds thrive again – and if so, how?
Speakers:
- Frank Brosens, Taconic Capital Advisors
- Edward Fishman, D. E. Shaw
- Geoffrey Sherry, Lucidus Capital Partners
Moderated by:
- Eric Vincent, Ospraie Management
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10.45
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Break
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11.15
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KEYNOTE SPEAKER: Izzy Englander, founder of Millennium Management
Israel Englander is the managing member of Millennium Management LLC and Millennium International Management LP. He is also the general partner’s chairman and CEO. He founded Millennium in 1989 with $35 million under management. Israel has more than 35 years of experience in securities and derivatives. He worked as a floor broker and trader on the American Stock Exchange, has owned a specialist operation since 1982, and is former chairman of the Specialist Association.
Introduced by:
- Indrajit Bardhan, Credit Suisse
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12.00
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The quant conundrum: They’re back, but what are the major challenges they face?
After the panic that began in August 2007, quant strategies – especially in managed futures – were among the few real stars of 2008. But will they survive to trade just as effectively if there are new rules that inhibit rapid-fire trading?
Speakers:
- Ross Garon, S.A.C. Capital Advisors
- Michael Geismar, Quantitative Investment Management
- Arzhang Kamarei, Thesys Technologies
- Roy Niederhoffer, R.G. Niederhoffer Capital Management
Moderated by:
- Rishi Narang, Telesis Capital
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12.45
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Lunch break
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2.00
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Event-driven: What’s the next big trade now that activism is dead. Or is it?
Activist managers were arguably the most high-profi le and public face of the hedge fund boom in recent years. But with markets and investors still recovering from the shock of the past two years, will other sorts of event-driven strategies become more dominant in future?
Speakers:
- Isaac Corré, Eton Park
- Daniel Loeb, Third Point
- Michael Weinberger, York Capital Management
Moderator:
- Carolyn Sargent, AR: Absolute Return + Alpha
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2.45
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KEYNOTE SPEAKER: Barbara G. Novick, vice chairman of BlackRock
Barbara G. Novick, vice chairman and senior advisor to the offi ce of chairman,
is a member of the Operating and Leadership Committees. From the inception of
the fi rm in 1988 to 2008, Barbara headed the account management group and oversaw
global business development, marketing and client service across equity, fi xed income,
liquidity, alternative investment and real estate products for institutional and individual
investors and their intermediaries worldwide.
Introduced by:
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3.30
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Break
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4.00
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STREAM SESSIONS
This period is devoted to a choice of parallel stream sessions that provide an opportunity to drill down in greater depth into more specific and technical issues.
STREAM I: Best Practices
Post-financial crisis and post-Madoff, what are the new standards now required of hedge funds for operations, transparency, disclosure and governance?
Speakers:
- Doug Shaw, BlackRock
- Grant Thompson, CQS
- Mark Enman, Man Investments
- Jeff Lisle, Albourne Partners
- Marc Blieden, Financial Risk Management (FRM)
Moderated by:
- Marina Lewin, Bank of New York Mellon
STREAM II: The Future of Offshore Funds
With new regulations on the drawing board in the U.S. and in Europe, what does it all mean for the many hedge funds domiciled offshore?
Speakers:
- Peter Cockhill, Cayman Finance
- Christopher Hilditch, Schulte Roth & Zabel
- Patricia Poglinco, Seward & Kissel
Moderated by:
- Neil Wilson, HedgeFund Intelligence
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4.45
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Macro players debate whether the developed world is in an irreversible decline – and how to play it.
Some macro funds managed to thrive during the recent economic turmoil – by making correct calls on the direction of currencies, commodities, equities and interest rates. Now that emerging markets seem less affected by the crisis than was initially expected, what are the best ideas going forward?
Speakers:
- J. Kyle Bass, Hayman Advisors
- John Burbank, Passport Capital
- James Melcher, Balestra Capital
- Peter Thiel, Clarium
Moderated by:
- Josh Friedlander, AR: Absolute Return + Alpha
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5.45
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Cocktail reception
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