Programme

09.00 Legal Q&A
          A chance to put your questions to our panel of legal experts.
          Richard Perry, Simmons and Simmons
          TBC, Dechert
          Chris Hilditch, Partner, Schulte Roth & Zabel
 
09.45-10.30 Valuations
                       How do you ensure your valuations are accurate? This
                       session aims to address concerns surrounding valuations, including-
  • The emerging multi-administrator model
  • The FSA interest in hedge fund valuation
  • Fears of administrators and service providers in engaging with investors
  • The challenges of reconciliation in a multi-prime world
                       Stephen Foster, COO of Alpha and Single Manager Hedge Funds,
                       Credit Suisse
                       Simon Goodman, Marshall Wace
                       William Keunen, Citco
 
10.30-11.15 International regulatory update
                     Our panel of experts will lead you through the latest developments and
                     regulatory issues facing the industry.
  • How will global banking reform impact prime brokers?
  • Regulation of derivatives and swaps
  • What are the unintended consequences of proposed regulation?
                            Moderator: Andrew Rubio, Throgmorton
                            Malcolm Goddard, COO, Altima
                            Steven Woolfe, in-house counsel, Boyer Allan
                            Darren Fox, Simmons and Simmons
                            Josh Dambacher, Partner, Schulte, Roth and Zabel
 
11.15-11.45 Refreshment break
 
11.45-12.30 Remuneration and retention
                    The challenges of finding and keeping the talent that will grow your hedge  
                     business, and remuneration for senior executives
  • Update of FSA’s proposed revision of Remuneration Code and potential affects
  • How do you recruit senior staff with relevant knowledge?
  • What impact will the AIFM’s remuneration stipulations have on employment?
  • Is an offshore office the way to keep key staff?
  • Compensation post EU ruling
                        Adam Grant, Director of Finance and COO, Rab Capital                      
                        Harry Chetwood, Partner, Blackwood Group
                        TBC Dechert
 
12.30-13.15 Corporate governance and the importance of independence
                     With investors pushing for more independence, and regulators looking for
                     better standards of fund oversight, how can hedge funds cultivate better
                      and more independent boards?
  • Corporate governance best practice
  • Achieving the relevant standards
  • The role of non execs on hedge fund boards
                        Moderator: Joan Kehoe, Quintillion
                        Stephen Foster, COO of Alpha and Single Manager Hedge Funds,
                        Credit Suisse
                        Chris Marshall, COO, Amiya Capital
                        Kalika Jayasekera, Director, Legal and Compliance, Rab Capital
                        Rosalyn Breedy, Breedy Henderson
                        Terry Raby, USS
 
13.15-14.45 Lunch and registration for Legal Summit
 
14.45-15.30 Offshore v onshore and fund structures
                    With the regulatory horizons shifting rapidly and investors and
                     regulators expressing a strong preference for onshore structures how
                     should you deal with new launches and existing funds?
  • What type of structures do investors want and where best to locate them?
  • What are the advantages/disadvantages of certain jurisdictions?
  • The impact of AIFM
  • The continuing relevance of onshore jurisdictions
                        Moderator: Neale Jehan, KPMG
                        Jon May, Marshall Wace 
                        Tim Pearce, Simmons and Simmons
                        Mike Kirby, KB Associates
                        Donnacha O’ Connor, Dillon Eustace
                        Jerome Wigny, Elvinger, Hoss & Prussen
                       
15.30-16.30 Financial compliance
                     An update on the latest tax issues from our panel of experts. To include:
  • Fin 48
  • Current UK tax conditions for hedge funds
  • Where to domicile and locate different parts of the business for efficiency
  • Hire Act and IMF’s FAT tax
                    Philip Bland, Polygon Investment
                    David Lawless, Dillon Eustace
                    TBC, KPMG
 
16.30-18.00 Activities, meetings and free time
 
19.30 onwards Drinks reception followed by dinner
 
Wednesday 15 September Legal summit
 
09.00-10.00 Breakfast
                    
                    Welcome from Chair: Jeffrey Bronheim, General Counsel, Cheyne Capital
 
10.00-10.45 Spotlight on: AIFM
                    With many worried about AIFM’s key stipulation, its second tier rules and the impact 
                    on business structuring, this session will explore the full implications of the draft
                    directive
  • What is the likely impact of AIFM, and how should you prepare?
  • How should in-house counsel interpret the new rules?
  • How can hedge fund businesses move forward and stay competitive?
  • What is the likely impact on service providers and prime brokers?
                    Moderator: Ian Meade, Simmons and Simmons
                    Steven Woolfe, in-house counsel, Boyer Allan
                    William Douglas, Goldman Sachs
                    TBC, Dechert
                    Neil Robson, Associate, Schulte, Roth and Zabel
 
10.45-11.30 Investor care and avoiding litigation
                     This session will explore the key emerging issues both on and offshore.
  • The impact of Solvency II
  • How to update your LLP agreement
  • Treating the customer fairly- how do you get the balance right between demand for managed accounts, side letters etc. and treating all investors equally
  • The future of PB
 
11.30-12.00 Dual roles: Juggling in-house counsel and head of compliance responsibilities
                     An interactive discussion on managing the dual functions of compliance and in-
                     house counsel, which is becoming increasingly common.
                     Jeffrey Bronheim, General Counsel, Cheyne Capital
 
12.00-12.45  Breaking news
                      A chance to address the latest developments both in Europe and the US.
 
12.45-13.00 Closing comments from Chair
 
13.00-14.00 Farewell lunch and close of event