EuroHedge Summit 2011

Venue: Palais de la Bourse
Location: Paris
Dates: Wednesday, 04 May 2011 - Thursday, 05 May 2011

Held in Paris every Spring, the EuroHedge Summit 2011 is a major hedge fund event which attracts the industry's elite from around the globe. The event offers incisive and topical content about hedge fund strategies and addresses the overall outlook for the hedge fund industry and financial markets, as well as the opportunities, challenges and risks across a range of investment strategies. Please call +44 (0) 20 7779 7222 to book your ticket!


EuroHedge Summit 2011 - Programme*

 

                                

 17.30 - 19.30

 

Tuesday 3 May

Pre event wine reception
Avoid the queues and pick up your badge and programme the night before the conference at our pre-event wine reception.  Open to registered delegates only.

 

Day 1: Wednesday 4 May

08.00 – 09.00

Registration, breakfast and introductory remarks


09.00 – 10.00

Macro – on the way out of crisis or on the way back in?
Macro uncertainty is everywhere. Is the global economy starting to recover? Or is another recession on the way? Is the financial crisis over? Or is another one brewing? Is inflation or deflation the bigger risk? What is the outlook for equities, bonds, rates, currencies, commodities – and for developed and developing markets? What else could go wrong – or go right? A panel of top economists debate what lies ahead – and how to play it

Chairman:
Gavyn Davies, Fulcrum Asset Management

Speakers:
Tim Bond, Odey Asset Management
Luigi Buttiglione, Brevan Howard Asset Management
Jim Conklin, FX Concepts
Charles Dumas, Lombard Street Research


10.00 - 10.45

Hedge fund CEOs – opportunities in a changing world
What is the best way to structure and run a hedge fund business in the post- crisis era? What are the major new opportunities, challenges and risks? How will regulation, institutionalisation and consolidation affect the industry? How will the successful hedge fund firm of tomorrow look? Some of the biggest players in Europe, in both onshore and offshore funds, look at what the future holds and at how the industry is changing

Moderator
Rob Mirsky, KPMG

Speakers:
Peter Harrison, RWC Partners
Klaus Jantti, Brummer & Partners
Manny Roman, GLG Partners
Paul Ruddock, Lansdowne Partners
 


10.45 - 11.15

Break
11.15 – 12.00

Investors – what do they want and how do they want it?
The industry’s downturn in 2008 and 2009 has given investors more firepower in the relationship with managers – bringing a variety of changes in fund structures, operational management and practices. With more big end-investors going direct and many of the top surviving fund-of-fund groups changing their business models, a group of top investors and allocators discuss how they want hedge funds to work for them in future

Moderator: Richard Ernesti, Citi

Speakers:
Alexandre Col, Banque Privee Edmond de Rothschild
Marie-Caroline Lavielle, HSBC
Kathryn Graham, BT Pension Scheme

Omar Kodmani, Permal Investment Management 


12.00 – 12.45

Keynote speech: Tim Tacchi, TT International

Introduced by Paul Germain, Credit Suisse
12.45 - 14.00

Lunch


14.00 – 14.45

Managed futures – does the case for non-correlation still hold?
After providing one of the few bright spots for investors in 2008, CTAs disappointed in 2009, but then mostly delivered good returns in 2010 – although with typically high volatility and arguably with less non-correlation than before. How will CTAs and other quant strategies fare going forward? Does the case for non-correlated returns still stand up? And what are the big new issues and changes in the systematic trading world?

Moderator: Duncan Crawford, NewEdge

Speakers:
Svante Bergstrom, Brummer & Partners/Lynx Asset Management
Nigel Gent, PGR Capital
Tony Kaiser, Kaiser Trading
Philip Stoltzfus, Thayer Brook


14.45 – 15.30

STREAM SESSIONS

Stream 1: Is the hedge fund industry heading onshore? If not, why not? And if so, how?
Post the financial crisis and the Madoff scandal, hedge fund managers have been driven by investors to move more of their product into the onshore sphere – not just in UCITS structures but also in structures such as Irish QIFs and SIFs in Luxembourg. A panel representing some top management firms and investors discuss what is driving these trends and how much further they will go.

Moderator: Marc Russell-Jones, BNY Mellon

Speakers:
Joe Davidson, Fulcrum
Christopher Fawcett, Fauchier
Malcolm Goddard, Altima
Steven Woolfe, Boyer Allan


Stream 2: Equity strategies: Who has the best ideas today?
A panel of L/S equity managers with different approaches - Sector focus; Tech and Financials and European fundamental value driven across sectors and regions

Moderator: Henrik Mitelman, SEB Enskilda

Speakers:
Inge Heydorn, Thyra Hedge
Inigo Lecubarri, Abaco
Michael Sakkas, Trafalgar Asset Managers
Peter Schell, RAB Prime Europe


15.30 - 16.00

Coffee break


 
16.00 - 16.45


STREAM SESSIONS


Stream 1: Regulatory changes: Doing more harm than good?
The potential for new regulations that might be really damaging to the hedge fund industry appear to have been averted in the negotiations that led to the European Union’s AIFM Directive, though the devil may be in the detailed rules that are still be worked out. A panel of leading experts discuss the implications of the Directive, as well as of the Dodd-Frank Act in the US and other regulatory changes.

Moderator: Nick Evans, EuroHedge

Speakers:
Martin Cornish, K&L Gates
Jiri Krol, AIMA
Ian Morley, Allenbridge Hedge and Wentworth Hall Consultancy
Leonard Ng, Sidley Austin


Stream 2: Strategy focus: Currencies and commodities
Post the financial crisis, in an era of bail-outs, deficits and sovereign debt crises, currency markets have become a central battle-ground. In an era of rapidly expanding emerging markets, political upheaval in the Middle East and nuclear energy emergency in Japan, commodity markets are also back at the top of the investment agenda. A panel of top players discuss the best approaches.

Moderator: Neil Wilson, HedgeFund Intelligence 

Speakers:
Alan Eisner, Millennium Global Investments
James Gutman, Armajaro Asset Management
Tony Hall, Duet Group
Patrik Safvenblad, Harmonic Capital 


16.45-17.30 Institutional due diligence – setting the new standards
What are the key lessons of the financial crisis? What must institutional investors look for in operational due diligence? What are the new standards? How should strategic due diligence on a managed account platform be conducted? Top institutional investors and managers debate these fundamental issues and how they can enhance institutional confidence in hedge funds.

Moderator: Stephen Oxley, PAAMCO

Speakers:
Nathanael Benzaken, Lyxor Asset Management
Eric Bissonnier, EIM 
Mark Geene, PGGM
Jerome Lussan, Laven Partners 
 
 


17.30 - 18.15

Keynote: Lee Robinson, Trafalgar Asset Managers

Introduced by Neil Wilson, HedgeFund Intelligence 

 

 


  

18.15

 Cocktail reception


Day 2: Thursday 5 May

 

08.30 - 09.00

Doors open and breakfast


09.00 – 10.00

Emerging markets – the only safe bet or the next big bubble?
The crisis has focused attention on the shifting balance of power from developed to developing markets, with investors pouring money into emerging market equity and debt as a result. But already there are worries about inflationary pressures and asset price bubbles. Can the emerging markets really be the new drivers of the global economy? What are the big risks? And what are the best ways of playing these markets?

Moderator: Nick Evans, EuroHedge 

Speakers:
Julian Adams, Adelante Asset Management
Alex Garrard, BTG Pactual Asset Management
Darren Read, Moore Capital
Graham Stock, Insparo Asset Management
Jochen Wermuth, Wermuth Asset Management


10.00 – 10.45

STREAM SESSIONS


Stream 1: Where now after the global financial crisis? How to play the financial sector?
The credit crunch and ensuing global financial crisis created some of the greatest challenges as well as opportunities ever in the history of markets, particularly for funds that focus on financial sector equities and credit. Where are we now in the rebound – and what are the right strategies going forward? A panel of top managers talk about their approaches.

Moderator: Kumar Panja, JP Morgan

Speakers:
Django Davidson, Algebris
Johnny de la Hey, Toscafund
Philippe Kellerhals, Cairn Capital
Robert Mumby, Jupiter

Stream 2: Grands institutionnels français : quelles solutions d’investissement en gestion alternative dans l’environnement d’après-crise?
Comment répondre aux besoins et accompagner au mieux les attentes des institutionnels français dans leurs investissements alternatifs (solutions dédiées vs. fonds ouverts, hedge funds, comptes gérés, UCITS III, etc.)? Un panel débattra des meilleures solutions en termes d’accès, de conseil sur-mesure et de performance.


Moderator: Franck Dargent, Amundi Alternative Investments

Speakers:

Vianney Dubois, Morningstar France
Laurent Leclercq, Advent Capital Management
Olivier Portal, Credit Agricole Assurances
Alex Trichot, Winton Capital Management

Please note Stream 2 will be held in French


10.45 - 11.15 Coffee Break
11.15 - 12.00

STREAM SESSIONS


Stream 1: Investor requirements: What’s the new state-of-the-art in operations and managing counterparty risk?
The financial crisis and tumultuous collapse of Lehman Brothers demonstrated more vividly than ever the need for hedge funds to actively manage their counterparty relationships – leading many investors as well as managers and COOs to take a much closer interest in the issue, and various new models to evolve. A panel of leading practitioners debate what is the latest state-of-the-art for these critical relationships.

Moderator: Cian Burke, HSBC

Speakers:
James Bigglestone, Albourne
Philippe Gougenheim, Unigestion
Martin Pabari, CQS
David Yim, KPMG


Stream 2: Capital raising: Post-crisis, how best to seduce investors?
The financial crisis and Madoff fraud shook the confidence of investors in hedge funds and led to a tidal wave of redemptions. A panel of top investor relations people from leading firms talk about what it takes to regain – and retain – the confidence of investors.

Moderator: Niki Natarajan, InvestHedge 

Speakers:
Peter Mayer, Park Hill Group
Rahul Moodgal, Parvus Asset Management
Philippe Paquet, NewAlpha
Jeroen Tielman, IMQ Investment Management 


12.00 – 12.45

Keynote: Colm O’Shea, COMAC Capital

Introduced by Maria Cantillon, State Street


12.45 – 14.00

Lunch


14.00 – 14.45

Event-driven – the best ‘micro’ investing strategy in 2011?
The strong revival of interest in event-driven strategies began to pay off for investors late last year as corporate activity started to pick up and managers started to generate some increasingly good returns. Is the theme of accelerating corporate mergers, spin-offs, restructurings and takeover activity set to continue? What could derail it? And what are the best strategies to exploit the different trends in the event space?

Moderator: Nick Evans, EuroHedge 

Speakers:
Anne-Sophie d’Andlau, CIAM
Alain Demarolle, Alura Capital Partners
Fabrice Seiman, Lutetia Capital
Ziad Tabet, Jabre Capital Partners


14.45 – 15.30

Credit and distressed investing – where are we in the cycle?
After enjoying a big bounce-back in the aftermath of the financial crisis, is the rebound in credit strategies set to continue? Or will managers have to deploy different strategies to succeed in a more complex market environment? Where are we now in the corporate credit and economic cycle? What is the outlook across the investment grade, high-yield and distressed spectrum? How is the opportunity set evolving?

Moderator: Patrick Brennan, Schroders NewFinance Capital

Speakers:
Walter Butler, Butler Investment Managers
Hiram Hamilton, Alcentra
Sandro Naf, Capital Four Management
Galia Velimukhametova, GLG


15.30 – 16.15

Industry consolidation – what is the future for boutiques?
What effect is greater institutionalisation having on the hedge fund industry? Will the big firms continue to get bigger as investors put safety above performance? Will smaller and more independent boutiques be able to survive and thrive in the future – and what do they need to do so? Could we see another wave of new fund start-ups? Or is a further wave of consolidation and concentration of assets at bigger firms and platforms inevitable?

Moderator: Neil Wilson, HedgeFund Intelligence

Speakers:
Michael Browne, Martin Currie
Loic Fery, Chenavari Investment Managers
Louis Gargour, LNG Capital
Jake Gottlieb, Visium
Benn Spiers, Camargue Capital


16.15

Closing remarks



* This programme is provisional and subject to change.

 

If you are interested in speaking, or have suggestions on what you would like to hear discussed at this year's EuroHedge Summit please contact our programmers:

Neil Wilson, Managing Editor, HedgeFund Intelligence
nwilson@hedgefundintelligence.com

Nick Evans, editor of EuroHedge
nevans@hedgefundintelligence.com

 


Please note:  We only have a strictly limited number of places available to the sell-side of the industry, and at this stage we have reached capacity.  We hope additional tickets will become available.
Please email events@hedgefundintelligence.com to submit a request for a ticket.


Submitting an online registration does not guarantee your booking at the Summit.  We advise you not to make travel arrangements until you have received official email confirmation of your registration.