Programme
Operational Leaders and Legal Summit
Monday 13 September- Operational Leaders Summit

08.30-09.30  Registration and breakfast
 
09.30- 09.45  Welcome from the Chair
Huw van Steenis, Managing Director and Head of EMEA Bank and  
Diversified Financials research teams,Morgan Stanley
 
09.45- 10.30  Attracting investors and securing future funding
With power shifting from managers to investors, what do investors want from a modern hedge fund operation? Our panel of experts will detail the operational expectations of investors, ensuring you have the tools to secure future business and inflows.
-   What are acceptable levels of transparency and standards of operational due diligence?
-   Is there a danger of over-certification?
-   Operational standards
-   Role of service providers
Paul Mack, COO, Iveagh
Antonio Borges, Chair, Hedge Fund Standards Board
Marina Lewin, Managing Director, Alternative Investment Services, BNY Mellon
Russell Hart, PCE Investors
Terry Raby, USS
 
10.30-11.00  Refreshment break
 
11.00-11.45  Fad or fact: Are hedge fund-style Ucits here to stay?
-   Suitable strategies and structures
-   Opportunities presented by Ucits IV
-   Distribution challenges
Moderator: Doug Shaw, BlackRock
Fiona Basset, Director, Deutsche Bank
Andrew Bates, Dillon Eustace
TBC, Dechert
 
11.45-12.45  The security of hedge fund assets in a post-Lehman world
-   Counterparty risk
-   Rehypothecation
-   Multi-prime
-   Cash management
-   Custody
Anthony Byrne, Deutsche Bank
Cian Burke, Global Head, Prime Services and Global co-Head, HSBC Securities Services 
William Douglas, Head of Hedge Fund Consulting, Goldman Sachs
Jeremy Charles, COO, Thames River
                      
12.45-14.00  Lunch
 
14.00-15.00  Any questions? 
With the fund management industry in a state of flux this panel will assemble key
topics ranging from AIFM, to technical issues.
Syed Kamall, Conservative MEP for London
Nigel Brooks, Director, Capital Support
Julian Mant, Principal, Mercer
Christopher Miller, Investor Quotient
Chris Cattermole, Geneva® Sales Manager, EMEA, Advent
 
15.00-17.30  Activities, meetings and free time
 
19.00  Drinks reception followed by dinner
 
Tuesday 14 September- Operational leaders and Legal summit
 
08.00-09.00  Breakfast and check-out
 
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
Moderator: Malcolm Goddard, Partner and Chief Operating Officer, Altima
Stephen Foster,COO of Alpha and Single Manager Hedge Funds,
Credit Suisse
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, Chief Executive, Throgmorton
Malcolm Goddard, Partner and Chief Operating Officer, 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, Partner, Head of Alternative Investments, Channel Islands KPMG
Jon May, Global Head of Legal and Compliance, 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