MARHedge World Wealth Summit 2006
13th Annual International Conference on Hedge Fund Investments
Southampton Fairmont, Bermuda
Golf Tournament - Sponsored by Grant Thornton
Sailing Excursion
Registration Opens
Welcome Tiki Party - Sponsored by Lava Trading
Private Speaker Dinner
Fidelity Prime Services & MARHedge Dinner (Private Event)
Sponsored by Fidelity Prime Services
Waterlot Restaurant, Southampton Hotel
Whiskey and Dessert Party - Sponsored by Bloomberg/NumeriX
To be held poolside at the Southampton Hotel
Breakfast - Sponsored by EBS Dealing Resources International Ltd.
Private Single Family Office Breakfast
Conference Opening & Welcome
Findings of The CREATE-KPMG Report:"Good Practices in Corporate Governance in Investment Management"
Effective corporate governance is increasingly important for hedge fund managers attracting institutional investment and for mainstream managers operating complex global business models. KPMG will highlight some of the findings from its latest ground-breaking global research project, involving over 150 CEOs of major investment firms from around the world.
Hedge Funds and the Affluent Investor
The affluent have been the cornerstone of the hedge fund investor community since the inception of the market. Family offices, private wealth advisors, private banks and trust companies will discuss how the ultra-, mid-tier and merely wealthy approach the asset class. The discussion will cover among other topics how hedge funds fit in overall asset allocation, what the affluent and their advisors seek in managers and the impact of institutional investors on the decision-making process.
Coffee Break - Sponsored by UBS
The New Allocators
High-net-worth financial service providers have been building third-party hedge fund platforms over the last few years as they seek to offer fuller services and a broader array of investment choices to their wealthy clients. This panel will look at the relationship between managers with these powerful distribution channels and will delve into issues such as fee sharing arrangements, capacity agreements and transparency requirements.
Strategy Focus: Opportunities in Emerging Europe
Leading hedge fund managers will discuss opportunities and challenges of successfully generating alpha with Emerging European strategies.
Lunch - Sponsored by Ernst & Young
Family Office Funds: Pros and Cons
Single family offices have increasingly been opening internal hedge funds and funds of funds to outside investors, most often to other families. This panel will cover motivations for such moves and detail what families need to do to successfully serve outside clients. Family offices and institutional funds of funds will debate the pros and cons of investing in these hedge funds.
Evaluating Emerging Managers
Hedge fund seeders and funds of emerging hedge funds will discuss what they are looking for in fledgling managers, how relationships work and what their expectations are. A sampling of their emerging managers will be introduced.
Coffee Break - Sponsored by Eurex
Mid-Conference Wealth Planning Workshop*
*Fortune’s Fortress: A Primer on Wealth Preservation for Hedge Fund Professionals will be handed out to all attendees.
3:00--Wealth Planning For Hedge Fund Managers **
Many successful hedge fund managers have yet to address wealth planning for themselves. Private wealth advisors will detail through a case-study format how to get started in addressing issues such as wealth diversification, asset protection, trusts and estates.
**The case study and a primer will be provided to all attendees.
3:45--Succession Planning: Building a Sustainable Hedge Fund Business
General partners often have extremely successful hedge funds, but that doesn’t necessarily translate into businesses that can survive the departure of core founders. Specialists will discuss the steps managers need to take to ensure smooth succession and/or create funds that are attractive for sale.
Strategy Focus: China and India
Leading hedge fund managers will discuss opportunities and challenges of successfully generating alpha in China and India.
New Directions in Alternative Investments
A panel of managers discuss innovative alternative investment strategies. New styles, techniques and technologies are beginning to surface in the alternative investment area. Among the topics discussed will be trends in Asian investments, fund of funds portfolio risk management and high-frequency trading arbitrage.
Tennis - Sponsored by Bloomberg/NumeriX
Beach Party - Sponsored by Henderson Global Investors
Investor Dinner
Bermuda International Business Association (BIBA) & MARHedge Dinner (Private Event)
Sponsored by the Bermuda International Business Association
Waterlot Restaurant, Southampton Hotel
Monday Night Football Party - Sponsored by Man Financial
To be held in Windows, off the main Hotel lobby.
Breakfast
Opening Remarks
Family Ties
The most sophisticated affluent investors have formed networks to seek out under-the-radar managers, garner institutional pricing and move out on the investment continuum to find the next hot strategies. Leading family office investors will discuss what they are looking at now and how they go about finding and vetting managers.
Coffee Break - Sponsored by Rothstein Kass
The Trusted Advisor Dynamic*
Wealthy investors use a series of advisors ranging from lawyers, accountants, registered investment advisors, multi-family offices, private bankers and high-net-worth brokers to manage portions of their wealth. Representatives of these advisors will discuss their roles when it comes to hedge fund manager selection.
*Mindy Rosenthal will present proprietary research conducted by MARHedge in conjunction with Prince & Associates on high-net-worth investors’ hedge fund plans. An exclusive white paper based on based on interviews with 428 affluent individuals representing $18 billion in hedge fund assets will be given to all attendees.
Strategy Focus: Commodities
The Energy and Metals strategies have produced some of the strongest returns over the last year, but recently some of these areas have started to show weakness. Leading managers will discuss the current highly volatile investment environment, what the run-up in commodity prices is telling us and where they find opportunities to exploit.
The Middle Eastern Investor
Investors from the Middle East hold the potential to be a lucrative source of new investment for hedge funds. Practitioners with experience in the region will discuss the challenges of tapping these investors who now have historic levels of liquidity, such as exceptional regional opportunities, ensuring Shari’a compliance and presenting the US market. Panelists will explain what they are doing to forge relationships and reap opportunity.
The Tax Question*
Tax efficiency has always been a key component of managing the assets of the affluent. But until recently, hedge fund allocations have been mostly run with little focus on tax mitigation. This panel will look at some of the tax strategies being employed that can make portfolios more tax efficient without impacting portfolio management. It will cover the use of Private Placement Variable Life Insurance wrappers, overlays and passive side portfolios used to harvest losses. *Proprietary research on the role tax efficiency plays in portfolios of the high-net-worth, conducted by Prince & Associates in conjunction with MARHedge, will be available to attendees.
Lunch
Strategies Targeted for the High-Net-Worth Investor
Hedge fund managers will discuss innovative and tax-efficient strategies specifically geared toward the affluent investor.
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