MARHedge

 

2nd Annual Cayman Islands Conference: Hedge Fund Best Practices

In association with RCA
November 14 - 16, 2007
Ritz Carlton, Cayman Islands.
9:00 - Keynote presentation: A Common Sense Approach to an Institutional Infrastructure
Marran H. Ogilvie
Partner & COO
Ramius Capital Group, LLC

Marran Ogilvie is a Partner, Chief Operating Officer and General Counsel of Ramius Capital Group, LLC. Ms. Ogilvie is also a member of the Senior Management Committee. Ms. Ogilvie joined Ramius in 1994, was appointed as its General Counsel in 1997 and as its Chief Operating Officer in 2007. She oversees the Firm’s infrastructure areas which include legal, compliance, accounting, operations, technology and human resources. She is also involved in the strategic decision-making for Ramius products and its business. Ms. Ogilvie is NASD licensed as a Financial and Operations Principal, General Securities Principal, Municipal Securities Principal, Registered Options Principal, General Securities Representative, Commodity Futures Representative and Registered Equity Trader. In addition, she is a member of the American Bar Association and the New York State Bar Association. Ms. Ogilvie currently serves on the Board of Visitors for the University of Oklahoma College of Arts and Sciences. Ms. Ogilvie graduated from the University of Oklahoma in 1990 with a B.A. in Liberal Arts and from St. John’s University School of Law in 1995 with a J.D.

9:30 - Allocators Discuss Establishing and Solidifying your Firm’s Enterprise Value and Appeal to Investors
Walter C. Zebrowski, JD, CPA,
Chairman
RCA

Walter Zebrowski has served in senior management roles for several alternative investment funds since 1992, including CFO, COO and CIO/CSA. The funds focused primarily on market neutral strategies (i.e. quantitative, convertible, merger & acquisition arbitrage); utilized technical and quantitative models to analyze and evaluate multiple markets and asset classes, or concentrated on private equity investments and transactions. Within the Fund of Funds arena, Mr. Zebrowski analyzed, evaluated and conducted due diligence on hundreds of investment managers using various investment management strategies in multiple asset classes.

Currently, Mr. Zebrowski serves as CIO of Hedgemony Partners, an alternative investment management and technology development firm focusing primarily upon distress, bridge financing and development stage opportunities within the alternative investment and technology arenas. The firm employs an activist strategy in managing its portfolio company investments by having members of the firm serve as senior management for portfolio companies. Accordingly, Mr. Zebrowski is the acting CEO of Hedgemony Systems a recognized leader in delivering enterprise-wide systems and technology to alternative investment funds, including CRM, BPM, ECM, message management and archival, Investor Relationship Management & Account Servicing. Additionally, Mr. Zebrowski serves as CEO of TurboCompliance, a recognized leader in delivering, on demand, enterprise-wide Governance Risk and Compliance systems.

As an avid speaker and author, Mr. Zebrowski has moderated panels and presented for organizations such as Institutional Investor, IIR/GAIM, MarHedge, Global Association of Risk Professionals and the AICPA. As Chairman of the Regulatory Compliance Association’s CCO University, he oversees the entire Masters of Compliance Degree Program. The CCO University curriculum spans over 26 classes, and 179 hours of course work. The faculty of professors includes many blue chip CCOs, GCs, CROs, attorneys and CPAs, as well as senior members of regulatory authorities.

Michael Lynch
Head of Operational Risk Management
Tremont Capital Management

Michael Lynch is the Head of Operational Risk Management for Tremont Group Holdings, Inc. Mr. Lynch heads a global team that is responsible for analyzing and monitoring the operational, legal, compliance, and general business risk of all current and potential managers’ on Tremont’s approved manager platform. The team is also responsible for continually enhancing Tremont’s due diligence process surrounding the business risk posed by approved and proposed hedge fund managers. Mr. Lynch is also a member of Tremont’s Investment Committee.

Stephen McCaffrey
Senior Counsel for Plans
KeySpan Corporation

Stephen McCaffrey is a Senior Counsel of KeySpan Corporation, a holding company that was created when Long Island Lighting Company merged with Brooklyn Union. KeySpan was acquired by National Grid UK and is now part of the National Grid Family. Mr. McCaffrey is responsible for practice areas involving all aspects of employee benefits related to defined benefit and defined contribution plans as well as executive compensation. He is also responsible for legal matters related to KeySpan's Treasury and Finance department. Mr. McCaffrey became a member of Long Island Lighting Company Legal Department in 1986. Before that, he was a Senior Tax Analyst in the company's tax department, responsible for federal, state and local tax issues. Mr. McCaffrey was appointed to the US Department of Labor's ERISA Advisory Council in March 2007. Mr. McCaffrey is admitted to practice before the Courts of the States of Connecticut, New Jersey and New York, the United States District Court of New Jersey and the U.S. Tax Court. He received his Bachelor's and Master's degrees from St. John's University and his law degree from St. John's University School of Law. Mr. McCaffrey is a member of the American Bar Association. Mr. McCaffrey is also legal counsel for the KeySpan Foundation and the KeySpan Insurance Company.

10:15 - Sidestepping the Next Alternative Investment Debacle – Preemptively Identifying and Assessing the “Catalysts of Implosions”
Greg Berman, PhD
Founder
RiskMetrics Group

Gregg E. Berman is currently head of RiskMetrics Risk Business covering institutional and wealth management offerings that serve Hedge Funds, Asset Managers, Prime Brokers, Banks, Financial Advisors, Insurance Companies, and Corporates. Mr. Berman joined RiskMetrics as a founding member during the time of its spin-off from J.P. Morgan in 1998 and has held a number of roles from research to head of product management, market risk, and of business management. Prior to joining RiskMetrics Group, Mr. Berman co-managed a number of multi-asset Hedge Funds within New York-based ED&F Man. His start in the Hedge Fund space began in 1993, researching and developing multi-asset trading strategies as part of Mint Investment Management Corporation, a $1bn CTA based in New Jersey.Mr. Berman is a physicist by training and holds degrees from Princeton University (Ph.D. 1994, M.S. 1989), and the Massachusetts Institute of Technology (B.S. 1987).

Jamie Jared Donnelly, CA CFA
Managing Director, Bermuda
Amber Partners

Jamie Jared Donnelly is the Chief Compliance Officer and Managing Director of Amber. Prior to joining Amber, Ms. Jared Donnelly was a Vice President of Fund Administration at BISYS, one of the industry’s leading administration companies. She was responsible for a team of 45 professionals and oversaw 60 alternative investment vehicles with assets in excess of $10bn. Her responsibilities included net asset value calculations, accounting, compliance, registrar and transfer agency, corporate secretarial and other administrative services. Ms. Jared Donnelly initially joined BISYS as Vice President of Training and Quality Assurance to establish their fund administration training program, which included developing and implementing policies and procedures for best practice in relation to security valuation, anti-money laundering checks and shareholder services. Preceding her work at BISYS, Ms. Jared Donnelly worked as a Manager in the investment focus group of Ernst and Young in Bermuda, where she was responsible for a portfolio of hedge fund audit engagements. Ms. Jared Donnelly holds a Bachelor of Commerce degree from the University of Alberta, Canada, is a member of both the Canadian and Bermudian Institutes of Chartered Accountants, as well as being a CFA (Chartered Financial Analyst) charterholder. Ms. Jared Donnelly has also served on the Board of Directors of the Bermuda Society of Financial Analysts.

Andrew Weir
Research Analyst & Operational Due Diligence Manager
Stenham Advisors Plc

Andrew Weir is responsible for all aspects of operational due diligence on prospective and existing managers for Stenham Advisors plc, a London UK based fund of hedge fund advisor. Stenham currently manages fund of hedge fund portfolios with assets under management of approximately $2.3bn. Prior to joining Stenham in October 2005, Mr. Weir worked for Dresdner Kleinwort Wasserstein as a financial analyst. Mr. Weir also worked for Deloitte & Touche’s Financial Institutions Services Team in Cape Town and New York. After completing his B.Acc (Hons) at Stellenbosch University in South Africa, Mr. Weir qualified as a Chartered Accountant in 2000 and as a Chartered Financial Analyst (CFA) in 2001.

11:30 - Maximizing your Firm’s Appeal to Institutional Investors by Leveraging Infrastructure
Kip Allardt
CCO
Discovery Capital Management

Kip Allardt brings 27 years of international market-related experience from both the buy and sell side of the financial industry. Mr. Allardt came to Discovery from Sovereign Investment Management and Research a firm he founded to provide investment research and trading advice to institutional clients. Before that, Mr. Allardt managed the emerging markets business at Medley Global Advisors, a Global Macro Political advisor to institutional investors. Mr. Allardt spent 8 years at CSFB managing local market portfolios of sovereign emerging markets debt and was later CSFB's emerging markets sovereign strategist. Prior to CSFB, Mr. Allardt spent 12 years working overseas as a proprietary trader of FX options and local currency denominated bond portfolios for British Petroleum, Continental Grain and Donaldson Lufkin Jenrette. He attended Rochester Institute of Technology and New York University.

Dan Lyle
Director of Sales
Linedata Services

Dan Lyle is Director of Sales and Marketing North America for the Beauchamp Hedge Fund Solutions division of Linedata Services. Mr. Lyle was a Linedata client prior to joining the firm, from 2001 to 2006, where he oversaw electronic trading and investment product technologies at Bank of America. Mr. Lyle has also served in a management capacity with PriceWaterhouseCoopers in technology consulting and risk management. Mr. Lyle has a unique perspective and experience implementing the right mix of vendor and custom solutions to achieve optimal operational performance while appropriately managing risk.

Christopher P. Meyering
General Counsel
Sciens Capital Management

Christopher Meyering has been with Sciens since 2000 and comes from a broad commercial law background specialising in business transactions, corporate governance and compliance, litigation management and government affairs. At Sciens, Mr. Meyering is responsible for all legal and regulatory matters affecting the Sciens Funds and Partnerships. Previously Mr. Meyering worked as Vice President, General Counsel and Secretary for a start-up energy concern in New York City, Pure Energy Corporation, and as Assistant General Counsel and Director of Government Affairs at a Fortune 500 firm in Richmond, VA, Brinks Company (NYSE:BCO). Mr. Meyering was previously associated with the law firms of Day, Berry & Howard, in its corporate practices department, and Whitman & Ransom, in the litigation department. Mr. Meyering received his undergraduate and law degrees from Georgetown University in Washington, D.C.

12:15 - Hedge Fund Implosions: Mitigating the Aftermath and Maximizing the Opportunities Afforded by these Incidents
Harry Davis, JD
Partner
Schulte Roth & Zabel

Harry S. Davis is a Partner in the Litigation Department of Schulte Roth & Zabel LLP in New York. Mr. Davis specializes in complex commercial litigation and regulatory matters for financial services industry clients, including hedge funds, funds of funds, prime brokers, auditors and administrators. Mr. Davis has substantial experience with both securities regulatory matters and private litigation, including handling investigations before the SEC, US Attorneys Offices, US Department of Justice, Commodities Futures Trading Commission, US Federal Trade Commission, self-regulatory organizations and state attorneys general and state securities regulators. Mr. Davis has also litigated numerous cases in federal and state court throughout the United States. Throughout his career, Mr. Davis has handled a wide variety of insider trading, market manipulation, short swing profit, securities and common law fraud, hedge fund advertising, breach of fiduciary duty and breach of contract cases. He also provides litigation and compliance counseling to, and conducts internal investigations for, many of Schulte Roth & Zabel LLP's hedge fund clients in order to detect and prevent small issues from growing into bigger problems. Most recently, Mr. Davis has represented clients in connection with regulatory investigations and litigations relating to Manhattan Investment Fund, Beacon Hill, Durus and the ongoing mutual fund market timing investigations by federal and state regulators, as well as the SEC’s ongoing PIPEs investigation. Mr. Davis has also won important victories on behalf of hedge funds in novel securities law and fraudulent transfer litigations that presented issues of first impression in New York and California. Mr. Davis is a 1988 magna cum laude graduate of Cornell Law School, where he served as an associate editor of The Cornell Law Review, a member of the Moot Court Board and a member of the National Trial Advocacy Team, and is a 1984 graduate of The Johns Hopkins University. Prior to joining Schulte Roth & Zabel LLP, Mr. Davis was associated with Cravath Swaine & Moore and served as a law clerk to Hon. Joseph Tauro (United States District Court for the District of Massachusetts). Mr. Davis is also a prolific author and speaker and is frequently quoted by the national press on topics of interest to hedge fund managers and service providers.

Leslie Lake
Managing Director
Invus Financial Advisors, LLC

Leslie L. Lake is a founding Partner of Invus Financial Advisors, LLC., a hedge fund advisory firm founded in 2006 which manages in excess of $1.5 billion. Prior to founding Invus Financial Advisors, Ms. Lake was a Managing Director of The Invus Group, a $4 billion private equity firm which has purchased, and taken public, such notable companies such as Keebler and Weight Watchers. While at The Invus Group, Ms. Lake managed the $1 billion internal hedge fund of funds business from 1995 to 2006. Prior to joining Invus, Ms. Lake was the external Chief Investment Officer to the Mitchell Kapor Family (founder of Lotus 1-2-3) from 1993 to 1998. While acting in her CIO position, Ms. Lake was solely responsible for developing and implementing the investment strategy for the family’s liquid investments. From 1990 to 1995, Ms. Lake was the Executive Vice President and Managing Director of Cofinam, Inc., the family office of the Charles Feeney Family, founder of Duty Free Stores. While at Cofinam, Ms. Lake became primarily responsible for the development and implementation of the liquid asset investment strategy. Ms. Lake began her career as an analyst with Joseph P. Kennedy Enterprises, the family office consortium of the Kennedy, Shriver and Lawford families. Ms. Lake holds a B.A. in Economics from Simmons College. Ms. Lake currently serves as Vice Chairman of the Board of STRIVE National.

Gary Linford
Managing Director
DMTC Group Limited

Gary Linford is a co-founder of DMTC Group Limited and DMTC’s subsidiary and affiliated businesses in the Cayman Islands, Singapore and Gibraltar. Mr. Linford is the Managing Director of DirectorsPlus Limited, a Cayman regulated business established in January 2007. As the former Head of the Investment & Securities Division of the Cayman Islands Monetary Authority (CIMA), Mr. Linford’s primary responsibility was the effective oversight of the investment fund sector. This included the authorization of hedge funds, fund administrators and investment managers as well as the ongoing oversight, inspections and prudential reviews of licensees. During Mr. Linford’s tenure at CIMA, from mid-April 2004 to October 2006, he saw the total number of hedge funds more than double to 8,200 with approximately 37 funds launching each week during his final year at CIMA. In addition to guiding the Investment Division through this period of unprecedented growth, Mr. Linford worked closely with the hedge fund industry in considering proposed changes to legislation, regulations and guidance notes impacting the regulatory framework of Cayman’s hedge fund sector. Mr. Linford also witnessed the demise of a number of notable funds and gained invaluable insight to the contributing factors that force the closure of one in every three hedge funds. The majority of Mr. Linford’s 20-year multi-jurisdictional working life was in the private sector and included six years in Hong Kong, five years in the Cayman Islands, five years in Jersey, Channel Islands and three years in South Africa. Prior to joining CIMA, Gary was the former Global Head of Banking & Investments at Deutsche Bank International Limited. Mr. Linford participated at board level in numerous international centers used by Deutsche Bank, from Mauritius through a number of jurisdictions in Europe to Cayman. At the time of his employment with Deutsche Bank, Mr. Linford lived in Jersey, Channel Islands and had direct line responsibility for a team of 115 employees, theUS$5 billion offshore treasury desk and US$15 billion offshore investment services division. Mr. Linford has a Master’s in Applied Finance from Macquarie University in Sydney, Australia. He is a member of AIMA and was instrumental in the establishment of the AIMA Cayman Chapter. Mr. Linford is a member of the AIMA Cayman Education Committee and the AIMA Cayman Media Committee

Don Seymour
Managing Director
dms Management Ltd

Don Seymour is a Managing Director of dms Management Ltd. where he serves on the boards of several notable investment companies. Mr. Seymour is a previous Director of the Cayman Islands Monetary Authority, an independent government agency responsible for the regulation of the financial services industry and of Cayman Airways Limited, the national airline of the Cayman Islands. He is a Notary Public and a previous member of the Trade & Business Licensing Board of the Cayman Islands. Prior to founding dms Management Ltd., Mr. Seymour was the Head of the Investment Services Division of the Cayman Islands Monetary Authority where he directed the authorization, supervision and enforcement of regulated mutual funds under the Mutual Funds Law and the supervision of company managers under the Companies Management Law, of the Cayman Islands. Prior to that, Mr. Seymour was a Manager in Audit and Business Advisory Services with Price Waterhouse, where he was responsible for serving major investment management clients. Mr. Seymour holds a BBA degree in Accounting from the University of Texas at Austin and qualified as a Certified Public Accountant in the state of Illinois.

2:30 - Track A - Operations: The Convergence of Compliance and Risk Management: The Hedge Fund Industry Adapts to Increased Investor Demands
Martin Schwartz, JD, CPA
CCO
Millennium Partners

Martin Schwartz is the Chief Compliance Officer of Millennium Partners, LP,

a multi-strategy New York-based hedge fund, with primary responsibility for developing and administering Millennium's regulatory compliance program. Prior to joining Millennium, Mr. Schwartz practiced law with the law firm Fried Frank Harris Shriver & Jacobson. At Fried Frank, Mr. Schwartz's practice was focused on the regulation of financial institutions under the federal securities laws. Mr. Schwartz counseled clients on a full range of securities law requirements, and represented clients in connection with SEC and SRO examinations and enforcement actions. Before entering private practice, Mr. Schwartz was on the staff of the SEC's Division of Market Regulation at the Office of Financial Responsibility Risk Management and Control. As an SEC staff member, Mr. Schwartz administered the financial responsibility rules relating to broker-dealers. Mr. Schwartz received a JD from the University of Maryland School of Law, where he was an Articles Editor of the ABA journal The Business Lawyer. Mr. Schwartz is also a Certified Public Accountant.

Jim Leahy
Managing Director
Moody's Investors Service

Jim Leahy is a VP/Sr. Credit Officer in the Alternative Investments Rating Group at Moody’s Investors Service. The Group offers Moody’s Operations Quality ratings as well as hedge fund debt ratings. Prior to his current assignment, Mr. Leahy was a VP in Moody’s NY CDO group. Before joining Moody's in March of 1998, Mr. Leahy was a lawyer in Skadden’s Banking Group arranging and negotiating M&A finance as well as rescue finance for distressed companies. Prior to Skadden, Mr. Leahy was a securities lawyer in Milbank Tweed’s Capital Markets Group working on public and private debt and equity offerings and investment company issues. Before practicing law, Mr. Leahy served as a surface warfare officer in the United States Navy. Mr. Leahy is a graduate of Boston College Law School and Dartmouth College.

Jonathan Spalter
CEO
Public Insight, LP

Before creating Public Insight, Jonathan Spalter was CEO of Snocap, Inc., the digital copyright management service founded by the creators of Napster. Mr. Spalter has also held senior management roles at Vivendi Universal, the global media communications group where he was appointed Chairman and CEO of Vivendi's health publishing subsidiary, Atmedica Worldwide, and was later promoted to serve as Vivendi Universal's group Senior Vice President responsible for the company's public policy teams worldwide. In 1998, Mr. Spalter was confirmed by the US Senate to serve as Associate Director of the US Information Agency, where he also was appointed CIO. Mr. Spalter served in the White House as a Director on the National Security Council staff, as a senior policy appointee at the Pentagon, and as chief international affairs spokesman for Vice President Al Gore. In addition to his work in government, Mr. Spalter also has been a Principal at the Dewey Square Group, advising global energy, healthcare and financial services companies on marketing and government affairs strategies. In the 1980's, Mr. Spalter was an analyst at Multinational Strategies Inc., the New York investment advisory firm. Mr. Spalter graduated Magna Cum Laude from Harvard University, and received the M.Phil. from Cambridge University, where he focused on international economics and political risk analysis. A frequent commentator and author on financial markets and public policy, Mr. Spalter is a member and former Fellow of the Council on Foreign Relations, and has served on the boards and executive committees of Active Europe, S.A., Havas MediMedia, Platform Equity, LP, and Meaningful Machines, Inc

2:30 - Track B - Compliance & Financial Reporting: Managing Risk Management and Compliance in the Business Development Process
Nathan Greene, JD
Partner
Shearman & Sterling

Nathan J. Greene is a partner in Shearman & Sterling’s Asset Management Group. Mr. Greene’s practice includes representations of registered and unregistered investment funds, their sponsors, advisers, boards of directors, and marketers in all regulatory aspects of fund and investment advisory operations. These representations involve: new product development; fund formation, distribution and marketing; ongoing compliance with various regulatory requirements, including the design, implementation and testing of compliance programs; negotiation with service providers, business partners and investors, including in the course of reorganizations and other corporate transactions; governance matters on behalf of funds, their advisers and their independent directors; SEC registrations and exceptions from registration; and SEC inspections and investigations. Mr. Greene has written and lectured on such topics as investment adviser compliance programs, regulatory inspections, and hedge fund marketing practices, among others. A member of the New York State and New York City Bar Associations, Mr. Greene earned his J.D., magna cum laude, at the Georgetown University Law Center.

Marie Defalco, JD
Partner
Lowenstein Sandler

Marie T. DeFalco represents investment management clients throughout the United States and internationally. Ms. DeFalco has special expertise in structuring business transactions to maximize the achievement of clients' goals, from both a business and tax perspective, particularly transactions involving limited liability companies and partnerships. Ms. DeFalco assists clients with the formation and operation of hedge funds and private equity funds, in the organization of joint ventures, and in the negotiation of shareholder and limited liability company agreements. She is a leader in the firm's Investment Management Practice Group. Ms. DeFalco holds an A.B. in Economics from Cornell University and a J.D. from Yale Law School. She is admitted to practice law in New York, New Jersey, and Connecticut.

Kevin Scanlan, JD
Partner
Orrick

Kevin P. Scanlan, a partner in the New York Office, is a member of the Private Investment Funds Group where he focuses on the structuring and formation of and investment in international and domestic private investment funds, particularly hedge funds, private equity funds, real estate funds, venture capital funds and fund-of-funds. Mr. Scanlan is a member of the Association of the Bar of the City of New York, Committee on Private Investment Funds and has written numerous articles regarding hedge fund matters. Mr. Scanlan received his Bachelors degree, cum laude, in Economics and Classics from Fordham University in 1993. He received a J.D. from Fordham University School of Law in 1997. Mr. Scanlan gained an LL.M. in Taxation from New York University School of Law in 2000.

Andrew Wright
Partner
Kirkland & Ellis, LLP

Andrew L. Wright is a Partner in the New York office of Kirkland & Ellis LLP. Mr. Wright's practice focuses on the formation of private investment funds, including private equity funds, hedge funds and other private funds. He also counsels clients on a wide range of matters relating to the structuring of fund investments, as well as legal and regulatory compliance matters for funds and their investment advisers. Mr. Wright's practice also includes assisting fund sponsors in connection with the organization and documentation of their internal firm arrangements. Throughout his career, Mr. Wright has been involved as legal counsel in numerous billion dollar private investment fund-raisings, including forming and providing on-going legal advice to sponsors of some of the largest private equity funds ever raised. Mr. Wright has represented sponsors of numerous types of alternative investment funds, including leveraged buyout funds, hedge funds, real estate and timber funds, mezzanine and distressed debt funds, "hybrid" funds, and many other types of alternative investment vehicles. Mr. Wright has also counseled placement agents, limited partners, senior investment professionals, corporate executives and other constituents in the alternative investment space. Mr. Wright's experience in the investment management industry also includes serving as the General Counsel of a billion dollar global investment management firm.

3:15 - Track A – Operations: Implementing the Requisite Infrastructure and Technology to Attract Initial or Additional Allocations
Steve Ku
CFO
Visium Asset Management

Steven Ku oversees the finance, accounting, and human resource functions at Visium, a $2B long/short equity fund focused in healthcare. Mr. Ku is also involved in risk management and business development. Mr. Ku joined Visium in 2006. Prior to joining Visium, Mr. Ku was controller at Balyasny Asset Management, Caxton Associates and Moore Capital Management. Mr. Ku began his career as an auditor/consultant at Ernst & Young. He holds a BS in accounting from Pace University in New York.

Dan Lyle
Director of Sales
Linedata Services

Dan Lyle is Director of Sales and Marketing North America for the Beauchamp Hedge Fund Solutions division of Linedata Services. Mr. Lyle was a Linedata client prior to joining the firm, from 2001 to 2006, where he oversaw electronic trading and investment product technologies at Bank of America. Mr. Lyle has also served in a management capacity with PriceWaterhouseCoopers in technology consulting and risk management. Mr. Lyle has a unique perspective and experience implementing the right mix of vendor and custom solutions to achieve optimal operational performance while appropriately managing risk.

Samer Ojjeh
Partner
Ernst & Young

Samer Ojjeh is a Principal in the Asset Management Advisory Services based in New York. Mr. Ojjeh has over 13 years of experience in the fields of business advisory. Mr. Ojjeh leads Ernst & Young advisory initiatives in the alternative investment marketplace. Mr. Ojjeh has helped numerous hedge funds, prime brokers and fund administrators in improving and/or expanding the efficacy and effectiveness of their front, middle and back office functions, redesigning operational processes to support changes in organizational structures, processes and technology platforms. Mr. Ojjeh also has extensive knowledge of organizational refinement for hedge funds.

3:15 - Track B – Financial Reporting & Compliance: Compliance Risk Management in the Front and Middle Office
George Mazin, JD
Partner
Dechert

George J. Mazin is a partner in the financial services group of Dechert LLP. Mr. Mazin concentrates his practice on the structuring and organization of domestic and offshore funds, private placements of securities, structured products, private equity investing, and broker-dealer and investment adviser compliance. Mr. Mazin is the chair of the Private Funds Committee of the Bar of the City of New York and a member of the Advisory Board of the Regulatory Compliance Association. Mr. Mazin was previously a member of the Board and a member of the legal committee of the Wall Street Hedge Fund Forum. He has served on the Opinion Committee and Limited Partnership Act Revision Committee of the Corporate and Business Law Section of the New Jersey Bar Association. Mr. Mazin graduated magna cum laude in 1972 from Queens College of the City University of New York. Mr. Mazin went on to gain an MRP from Cornell University and his J.D. from Rutgers University School of Law in 1981.

Bruce Kahne
General Counsel, CCO & Managing Director
EnTrust Capital

Bruce Kahne is Managing Director, General Counsel and Chief Compliance Officer of EnTrust Capital and joined EnTrust in September 2007. Immediately prior to that, Mr. Kahne was a Partner in the Investment Management Group at Kirkpatrick Lockhart Preston Gates & Ellis LLP, where the focus of his practice was the formation, structure, regulation and compliance of private investment vehicles. Mr. Kahne began his investment management career as an Associate and then Counsel at Seward & Kissel LLP. Mr. Kahne received a JD from Fordham Law School and a BA from Binghamton University.

Kirk Rule, JD
CCO
Ospraie Management

Kirk Rule is the chief compliance officer at Ospraie Management, LLC. Mr. Rule was formerly associate general counsel at Caxton Associates, L.L.C. Prior to Caxton, he was a counsel in the Hedge Fund Practice Group of Lowenstein Sandler, PC where he advised investors and fund managers on all aspects of hedge fund formation, market regulation, and transactional matters. Mr. Rule began his career in the legal and compliance departments of Lehman Brothers and Donaldson, Lufkin & Jenrette. Mr. Rule is a regular speaker and participant on panels and seminars relating to hedge funds and recently served as a Co-Chair of the Managed Funds Association’s Chief Compliance Officers Forum. In September 2007, Mr. Rule was named one of the “20 Rising Stars of Compliance” by Institutional Investor News. Mr. Rule earned a J.D. cum laude from American University and a B.A. in Political Science from Johns Hopkins University.

David B. Zales Esq., JD
GC/CCO
Tremblant Capital

David Zales is the General Counsel and Chief Compliance Officer at Tremblant Capital Group. Before joining Tremblant, Mr. Zales spent over 6 years as associate general counsel at Caxton Associates, L.L.C. Prior to Caxton, he was an associate in the Investment Management Practice Group of Coudert Brothers where he advised investment fund managers on all aspects of hedge fund structure and formation, market regulation, and general corporate and securities transactional matters. Mr. Zales began his career in the legal and tax departments of Coopers & Lybrand and following Coopers & Lybrand was responsible for developing market manipulation and insider trading cases for the NASD’s Division of Market Surveillance. Mr. Zales earned a J.D. from George Washington University and a B.A. in Economics from Penn State University.

4:30 - Track A – Operations: Business Continuity Planning – Managing the Enterprise, Not Just a Portfolio
Eric Roper, JD
Partner
Gersten Savage

Eric R. Roper is a Senior Partner in the firm of Gersten Savage LLP. Mr. Roper is Chairman of the firm’s financial Services practice. He specializes in the creation, structuring and representation of domestic and offshore investment entities, broker-dealers and clients engaged in raising capital pools for investment in public markets and private venture capital. Mr. Roper is a frequent lecturer, having spoken at various conferences both within the United States and internationally. He also participates in a number of financial industry activities including Compliance and Legal Division of the Securities Association and the Managed Funds Association. He is a co-founder, director, and honoree of Hedge Fund Cares, an international industry-related charitable organization he co-founded 9 years ago to protect abused children. The organization now has chapters in seven cities in the United States, Canada, the Cayman Islands and England. He is also a member of the Board of Directors of United Neighborhood Houses, a New York City-based non-profit organization. Mr. Roper has been elected to three terms as a delegate to the House of Delegates of the New York State Bar Association and is a Fellow of the New York Bar Foundation. He received his JD degree from Northwestern University School of Law and is admitted to practice in the States of New York and Illinois.

Amy Yates
Managing Director
Highbridge Capital Management

Amy Yates is a Managing Director and Director of Human Resources at Highbridge Capital Management, a $34 billion multi-strategy hedge fund. Ms. Yates is a member of the Operating Committee and is responsible for global HR planning and execution as well as the facilities and office administration functions. Ms. Yates joined Highbridge in January of 2005 from Andor Capital Management where she was Director of Staffing and then Director of Human Resources. Prior to Andor, Ms. Yates held various senior HR generalist and staffing positions at DoubleClick, UBS and Citibank. Ms. Yates is currently the co-chair of the 100 Women in Hedge Funds Human Capital Peer Advisory Council and is on the board of The Family Center. She holds a B.F.A. degree from Wright State University.

4:30 - Track B – Financial Reporting & Compliance: Implementing Appropriate Valuation Practices and Managing Side Pockets
Rohan Small
AABS Partner
Ernst & Young - Cayman Islands Office

Rohan A. Small, an audit partner, has been with the firm since 1992. Mr. Small is currently the Cayman Islands Office’s Director of Auditing and Accounting, a member of the Ernst & Young – Bahamas, Bermuda and Cayman (BBC) Hedge Funds Practice Management Committee and is responsible for all aspects of the audits of a number of large banks, trust companies and investment companies and partnerships. Mr. Small received a Bachelor of Business Administration degree in Accounting and a Bachelor of Science degree in Computer Science from the University of Texas at Austin in May 1991. Mr. Small is licensed as a CPA in the State of Illinois and is a member of the American Institute of Certified Public Accountants (AICPA) and the New York Society of Certified Public Accountants. Mr. Small has served on various government, statutory and service organization boards and committees. Currently, he is treasurer of the Cayman Islands’ Chapter of the Alternative Investment Management Association (AIMA), the secretary and a past president of the Cayman Islands Society of Professional Accountants (CISPA) and a member of the Board of Governors for the University College of the Cayman Islands.

Dwight Grant, Ph.D.
Managing Director, Financial Engineering Services
Duff and Phelps, LLC

Dwight Grant leads the Financial Engineering Practice and specializes in valuation of non-traded businesses and their securities using option pricing theory, the valuation of complex options, risk management and derivatives accounting. Mr. Grant has extensive experience in valuations of businesses, corporate securities and complex derivatives using standard and proprietary option theory based valuation procedures. Mr. Grant also supports clients’ risk management and derivative accounting and has performed valuations of non-traded companies requiring fair value estimates of complex capital structures. In addition, Mr. Grant has performed valuations of liabilities and equities for non-traded companies, valuations of complex securities for corporate clients, auditors and hedge funds, performed hedge effectiveness testing for foreign currency, interest rate, and commodity hedges. Mr. Grant has testified on behalf of clients and has published over 35 academically refereed articles in finance and economics. Mr. Grant attained his B. A. in Economics from the University of Western Ontario. He went on to gain an MBA in Finance, from the Wharton School, University of Pennsylvania. Mr. Grant holds a Ph. D. in Finance from the Graduate School of Arts and Science, University of Pennsylvania.

Eugene Major
CIO
Dunbar Capital

Eugene Major is a founder and the Chief Investment Officer of Dunbar Capital. Mr. Major has over twenty years of experience investing in long/short equity, distressed securities, private equity, merger arbitrage and real estate investments. For the past thirteen years, Mr. Major has been managing a fund of hedge funds portfolio. Previously, he was an investment analyst at one of the largest hedge funds at the time, Odyssey Partners, L.P., investing in the securities of troubled companies. Prior to his time at Odyssey Partners, he was an investment banker specializing in advising companies undergoing financial restructurings, first at Drexel Burnham Lambert and then at Smith, Barney, Harris & Upham. Mr. Major received an M.B.A. from Columbia Business School in 1988, where he was a Dean's Scholar, and a B.S.E. in Mechanical and Aerospace Engineering from Princeton University in 1985.

Denis Montpetit
Head of Fund Accounting
Dundee Leeds Management Services, Ltd.

Denis Montpetit, is responsible for running the fund accounting group at Dundee Leeds, as well as being the primary relationship manager for certain clients. Mr. Montpetit joined Dundee Leeds from UBS Fund Services, where was Group Head - Fund Accounting. Prior to UBS, Mr. Montpetit has held positions as Audit Senior at KPMG and Senior-in-Charge for the Assurance & Business Advisory Services at PricewaterhouseCoopers. Mr. Montpetit holds a BSC in Science, Major in Biology from McGill University, a Bachelor of Commerce, Major in Accountancy from Concordia University, and a Diploma in Accountancy from the John Molson School of Business.

5:15 - Track A – Operations: Best Practices in Managing Counterparty Risk, Leverage and Credit
James Shannon CPA
COO/CCO
Private Advisors

James J. Shannon is responsible for managing the daily and long-term administrative and operational aspects of the company including fund accounting and administration, regulatory compliance, human resources, strategic planning and general business infrastructure. Prior to joining Private Advisors, LLC, Mr. Shannon served as a Director and Chief Financial Officer of TFS Capital LLC, held financial and operations positions at The Pittston Company, and served as Vice President and Chief Financial Officer of a marketing consultancy after beginning his career at Coopers & Lybrand LLP, where he earned his Certified Public Accountant designation. Mr. Shannon received a B.S. in Commerce from the University of Virginia and a M.B.A. from the University of Richmond. Private Advisors is a SEC registered investment advisor with over $3.9 billion under management. The Firm focuses on the management of hedge fund and private equity fund of funds products, specializing in absolute return, long/short equity, and various private equity strategies.

Myles Edwards, Esq.
General Counsel & Chief Compliance Officer
Access International Advisors

Myles Edwards joined Access International Advisors in April 2007 as General Counsel and Chief Compliance Officer responsible for overall compliance, regulatory and legal oversight. Mr. Edwards is the Chief Compliance Officer of AIA Capital Markets, the NASD Broker/Dealer owned by Access. He has over twenty years' of diversified experience in the securities and financial services industry. Mr. Edwards has served in many executive and Chief Compliance Officer roles with registered entities including those affiliated with banks and insurance companies. Mr. Edwards has also been a guest lecturer at the Columbus School of Law on Investment Advisory and Investment Company issues. Mr. Edwards received a Juris Doctorate Degree in Law with a Concentration in Securities and Corporate Law from the Columbus School of Law, Catholic University of America in 2002 and a Bachelor of Arts Degree from Syracuse University in 1985. He is admitted to practice law in the District of Columbia, New Jersey, Federal District Court of Newark and the United States Supreme Court. He is NASD Series 7, 24, 63, 65 and 53 registered.

George Mazin, JD
Partner
Dechert

George J. Mazin is a partner in the financial services group of Dechert LLP. Mr. Mazin concentrates his practice on the structuring and organization of domestic and offshore funds, private placements of securities, structured products, private equity investing, and broker-dealer and investment adviser compliance. Mr. Mazin is the chair of the Private Funds Committee of the Bar of the City of New York and a member of the Advisory Board of the Regulatory Compliance Association. Mr. Mazin was previously a member of the Board and a member of the legal committee of the Wall Street Hedge Fund Forum. He has served on the Opinion Committee and Limited Partnership Act Revision Committee of the Corporate and Business Law Section of the New Jersey Bar Association. Mr. Mazin graduated magna cum laude in 1972 from Queens College of the City University of New York. Mr. Mazin went on to gain an MRP from Cornell University and his J.D. from Rutgers University School of Law in 1981.

Brian J. Tsai
Chief Operating Officer
Equinox Asset Management, LLC

In the past year at Equinox Partners Brian Tsai helped to launch 3 funds, one of which one was a seeding relationship with an emerging manager; Equinox is currently in the process of seeding another manager. Mr. Tsai also helped to transition from a single to multi-prime platform, which arose from a thorough study of issues related to counterparty risk. Prior to Equinox, Mr. Tsai worked at JP Morgan and Bank of America Private Banks. Mr. Tsai chaired the board of InterVarsity NY, was an adjunct professor in mathematics at Nyack College, and spends much of his free time volunteering in Harlem, NY. Mr. Tsai is a graduate of Duke University (BS, BA) and Johns Hopkins University (MA).

5:15 - Track B - Financial Reporting & Compliance: Structuring your Business Properly
John M. Budzyna
Managing Director, Head of Hedge Fund Consulting
Deutsche Bank Securities, Inc.

John Budzyna is a Managing Director of Deutsche Bank and the Global Head of Hedge Fund Consulting. Mr. Budzyna’s thirty three year career in financial services has encompassed providing professional consulting services to an extensive range of financial market companies, including hedge funds, commodity pool operators and funds, private equity and venture capital funds, mutual funds, investment banks and broker-dealers, as well as derivative traders. Mr. Budzyna is recognized globally as one of the leading spokesmen and consultants to the Alternative Investment Management Industry. He has served as an advisor to financial institutions that are establishing trading operations, asset management businesses, prime brokerage operations or hedge fund administration companies. Mr. Budzyna frequently assists clients in understanding the various regulatory and structural frameworks and has worked with advisors in establishing domestic and offshore funds in the hedge fund and commodity fund sectors. In his tenure in public accounting, Mr. Budzyna had been the engagement partner for many of the most prestigious and largest alternative investment companies in the world. Mr. Budzyna

is one of the three founding members of Hedge Funds Care’s, a worldwide charity focused on fighting child abuse. He received a Lifetime Achievement Award from Global Custodian for his work in the hedge fund industry in November 2005. Mr. Budzyna has written a number of articles for leading industry publications including “Hedge Funds 2000”, “The Institutionalization of Hedge Funds” and “The Art of Hedge Funds”. Mr. Budzyna began his career with Arthur Andersen in 1974 and was admitted as a partner in 1986. He joined Ernst & Young as a senior partner in June 2002. In addition, Mr. Budzyna served as the Chief Executive Officer of Olympia Capital Associates, L.P., a leader in the hedge fund administration industry, from 2005 thru 2006. During his tenure at Olympia Capital, he was responsible for implementing the company’s growth strategy and further strengthening its service offerings. Mr. Budzyna was the Chairman and Chief Executive Officer of Cutting Hedge Consulting Company, LLC, an organization dedicated to providing professional advisory and consulting services to the hedge fund industry. Mr. Budzyna received a B.A. in Economics from Dickinson College, is a CPA in the State of New York and is also a member of the American Institute of Certified Public Accountants.

Helaine Dryden, JD
GC/CCO
JWM Partners

Helaine Rosenbaum Dryden is General Counsel and Chief Compliance Officer of JWM Partners, LLC. Ms. Dryden has been with JWM Partners since its formation in January 2000 and is responsible for all legal and compliance matters relating to each of its offices in Greenwich, CT and London. Ms. Dryden started her legal career at Debevoise & Plimpton in New York where her clients included numerous investment advisors. Ms. Dryden left Debevoise & Plimpton in August 1997 to join Long-Term Capital Management as its Associate General Counsel. Ms. Dryden received her B.A. from the University of California, Berkeley where she was elected to Phi Beta Kappa and from which she graduated with High Distinction and Honors in Economics in 1989. After graduating, Ms. Dryden worked as a financial analyst at Morgan Stanley. Upon completing the financial analyst program, Ms. Dryden went to Harvard Law School where she was Deputy Editor-in-Chief of the Harvard International Law Journal. She received her J.D. in 1994.

Lloyd Lipsett, JD
SVP/ACG
Evergreen Investments

Lloyd Lipsett is Senior Vice President and Associate General Counsel at Evergreen Investments, an investment firm with approximately $280 billion in assets under management. Mr. Lipsett provides legal advice with respect to Evergreen’s private investment funds, including 3(c)-1 and 3(c)-7 funds as well as offshore funds. Mr. Lipsett also advises Evergreen with respect to general investment advisory matters. Mr. Lipsett joined Evergreen Investments in 2001 from J. P. Morgan Chase & Co., where he served as Vice President and Associate General Counsel. Prior to joining J.P. Morgan Chase & Co., he was an associate at Hale & Dorr in Boston. Mr. Lipsett received a J.D. in 1990 from the University of Virginia School of Law, where he served as Student Bar Association President. Lloyd Lipsett received a B.A. in 1987 from Boston College, where he was elected to Phi Beta Kappa and from which he graduated summa cum laude.

Daniel Munley, JD
Corporate Counsel
Cohen & Company

Daniel Munley serves as Corporate Counsel for Cohen & Company and certain of its Affiliates. Cohen & Company is an alternative asset manager with approximately $40 Billion in assets under management. Prior to joining Cohen & Company, Mr. Munley was a securities law attorney with Stark & Stark in Princeton, NJ and prior to that he was a securities law attorney at Hale and Dorr in Boston and Richards, Layton & Finger in Delaware. Mr. Munley received a bachelor’s degree from the University of Delaware and is licensed with the Delaware, Massachusetts, New Jersey and California bars.

Aba Schubert
GC-Europe
Eton Park

Aba Schubert is the General Counsel for Europe of Eton Park, a multi-strategy investment firm that manages in excess of USD 6.5 billion. Ms. Schubert joined the firm in January 2005 and is currently based in its London office. At Eton Park, Ms. Schubert is focused on the firm’s illiquid investing activities, structural development and regulatory and business matters. Prior to joining Eton Park, Ms. Schubert was an attorney in the New York office of Simpson Thacher & Bartlett, where she was a member of the credit group. Ms. Schubert graduated with a B.A. in Mathematics from Cornell University in 1997 and a J.D. from Harvard Law School in 2000.

Amy Segal
Director of Operations
Crossfields Capital Management LLC

Amy Segal is Director of Operations for Crossfields Capital Management, manager of a long/short fund investing in small cap companies undergoing operational change. From 2003-2006, Ms. Segal was a Director for Parkview Ventures, a firm that provides investment capital and financial advisory services to hedge funds and small-to-medium sized technology companies. From 2004-2005, Ms. Segal was on-site in Singapore as the Managing Director of Operations for a long/short quantitative model, where she was responsible for legal, operational and compliance areas. From 1999-2002, Ms. Segal was Vice President at Inlumen, a financial news and market data firm that is now part of CBS Marketwatch. In her role at Inlumen, Ms. Segal was responsible for raising $35 million in a Series B round of private equity and was then responsible for sourcing and analyzing M&A opportunities in the U.S., Europe and Asia. From 1996-1999, Ms. Segal was an Associate in Investment Banking with J.P. Morgan, where she executed and advised on over $6 billion of transactions for clients ranging from real estate concerns to power utilities. Ms. Segal holds an M.B.A. in Finance from Columbia Business School, an M.P.A. from Columbia University's School of International and Public Affairs, and a B.A. in Art History from Duke University. Prior to graduate school, Ms. Segal had a five-year career in non-profit arts management and fund raising.

8:50 - Panel Session - Regulatory Roundtable: Open Discussion with the Regulators
Kevin O' Connor, JD
US Department of Justice

Kevin J. O'Connor was appointed by President George W. Bush and unanimously confirmed by the United States Senate as Connecticut's 48th United States Attorney in 2002. Mr. O'Connor also currently serves as Chief of Staff to the Attorney General of the United States. From January to April 2007, Mr. O'Connor served as Associate Deputy Attorney General of the United States.

Prior to his appointment as United States Attorney, Mr. O'Connor was a partner in the law firm of Day, Berry & Howard in Hartford, Connecticut. While with Day, Berry & Howard, Mr. O'Connor also served from 1999 to 2001 as Corporation Counsel for the Town of West Hartford, Connecticut. From 1995 to 1997, Mr. O'Connor served as Staff Attorney and Senior Counsel in the Division of Enforcement of the United States Securities & Exchange Commission in Washington, D.C. From 1993 to 1995, Mr. O'Connor was a litigation associate with the law firm of Cahill Gordon & Reindel in New York City. From 1992 to1993, Mr. O'Connor served as a law clerk to the Honorable William H. Timbers of the United States Court of Appeals for the Second Circuit. Mr. O'Connor graduated in 1992 with high honors from the University of Connecticut School of Law and with honors from The University of Notre Dame in 1989.

Peter Santori, JD
Chief Counsel, Market Regulation
National Association of Securities Dealers

Peter D. Santori is Chief Counsel to the Market Regulation Department of FINRA. The Market Regulation Department's responsibilities include the enforcement of transaction reporting, order handling and other quality of market rules; the FINRA examination program for market makers and ECNs; and the surveillance and investigation of fraud, insider trading, short sales and the OTC Bulletin Board. Mr. Santori has been with NASD since 1994. Mr. Santori earned a B.S. in Finance from Saint Joseph's University, an M.B.A. in International Business Administration from Temple University, a J.D. from the Widener University Law Center and Masters of Laws in Securities and Financial Regulation and Taxation from the Georgetown University Law Center.

Rex Staples, JD
General Counsel
National Association for States Securities Dealers

Rex A. Staples is General Counsel for the North American Securities Administrator’s Association, Inc., whose membership consists of the securities administrators in the 50 states, the District of Columbia, Canada, Mexico, Puerto Rico, and the U.S. Virgin Islands. Prior to his appointment as General Counsel, Mr. Staples was Branch Chief, Broker-Dealer / Investment Adviser Enforcement and Examinations with the Washington State Securities Division.

Mr. Staples has led and participated in numerous joint federal/state Task Force cases, as well as multi-state litigation. In 2001, he was designated co-counsel, along with members of the Office of the New York Attorney General, in the investigation of research analyst misconduct at Merrill Lynch. In 2002 he was designated Lead Counsel in the investigation of research analyst misconduct at U.S. Bancorp Piper Jaffray, Inc. and as co-counsel in the investigation of Citigroup Global Markets. In 2003, he was awarded NASAA’s Outstanding Service Award.

His service to NASAA has included acting as Chair of the Broker-Dealer Regulatory Policy and Review Project Group and as a delegate to the National Conference on Federal-State Securities Regulation as a member of the Market Regulation/Broker-Dealer Working Group. He was a member of the Analyst Independence Task Force Steering, Drafting, and Negotiating Committees and a member of the Broker-Dealer Operations Project Group. He has served as an instructor at the National White Collar Crime Center, a visiting Professor at Seattle University School of Law, and is a frequent speaker at various seminars on the subjects of federal and state securities litigation and broker-dealer / investment adviser regulation. Mr. Staples is a graduate of the University of Washington and Gonzaga University School of Law.

9:40 - Panel Session - Anatomy of a Compliance Program and Regulatory Examination
Christine Woodhouse, JD
General Counsel
The Taylor Companies

Christine Woodhouse is General Counsel to The Taylor Companies, with responsibility for compliance as well as general legal matters, and a member of the Investment Committee of Taylor Investment Advisors.

Ms. Woodhouse is a guest lecturer and has served as Adjunct Professor of Law at the Morin Center for Banking and Financial Law at Boston University. Ms. Woodhouse was previously General Counsel to Hudson Castle Group in Tarrytown, New York, and Senior Corporate Associate at Curtis, Mallet-Prevost, Colt & Mosle, where she represented the Airline Transportation Stabilization Board in designing and implementing its emergency loan guarantee program for the U.S. airline industry following September 11, 2001. Prior to joining Curtis, Mallet, from 1996 until 2000 Ms. Woodhouse served as Attorney-Advisor at the Export-Import Bank of the U.S. From 1990 until 1996, Ms. Woodhouse was an Associate with the firm of Powell, Goldstein, Frazer & Murphy in Washington D.C, where she handled a broad array of federal regulatory and compliance matters. Ms. Woodhouse received her A.B. with honors from Stanford University, and an MA and JD from the University of Virginia. She is admitted to practice in New York.

Mark Schein, JD
CCO
York Capital, LLC

Mark D. Schein is Senior Vice President and Chief Compliance Officer at York Capital Management, where he has set up and run the compliance program for York Capital Management which is a $12 billion hedge fund with offices located in New York, London and Singapore. Mr. Schein began his career in 1991 in the Bronx District Attorney’s Office, as Assistant District Attorney where he prosecuted organized crime and police corruption. Mr. Schein then worked on the New York Stock Exchange, Inc., as Trial Counsel of Enforcement Division prosecuted NYSE Members and Member Firms for violations of Stock Exchange Rules and Federal Securities Laws. In 2001, Mr. Schein joined U.S. Trust Company as Director of Broker Dealer Compliance. In this role, Mr. Schein set up the firm’s compliance department for its broker dealer and registered representatives. From 2004-5 Mr. Schein worked at Schwab Capital Markets, as Director of Anti-Money Laundering, where he set up the Anti-Money Laundering program for Schwab’s Capital Markets Unit. Mr. Schein received his BA in Economics and American Studies from Williams College. He went on to gain his JD from Vanderbilt University Law School, in Nashville.

Barry Schwartz
Partner
ACA Compliance Group

Barry P. Schwartz is a founding partner of ACA and is responsible for coordinating and conducting mock inspections of investment advisers, investment companies and hedge funds. Mr. Schwartz also assists ACA clients in responding to SEC deficiency letters, reviewing best execution and trading practices, preparing advertisements that comply with the federal securities laws and developing customized policies and procedures. Mr. Schwartz spearheads ACA's ongoing efforts to help regulated entities make better use of technology to track and mitigate internal and external compliance risks. Mr. Schwartz is a frequent speaker at industry conferences that focus on compliance issues. Mr. Schwartz joined the SEC's Office of Compliance Inspections and Examinations in 1998 as a Securities Compliance Examiner and was subsequently promoted to Staff Accountant. While on the SEC staff, he participated in over 90 examinations of investment advisers, investment companies, and transfer agents and subsequently referred four registered investment advisers and investment companies to the SEC's Division of Enforcement for further investigation. In addition, Mr. Schwartz lectured at the SEC's annual training seminar for new inspection staff. For his efforts to help prepare the industry for Y2K, Mr. Schwartz was awarded the SEC's Examination Award of Excellence. Prior to joining the SEC, Mr. Schwartz was employed by a prominent Washington, DC registered investment adviser. He graduated cum laude from The American University, Washington, DC, majoring in International Finance with a minor in Spanish Language Studies.

11:00 - Panel Session - Operational Due Diligence: Anatomy of an Operational, Regulatory and Legal Due Diligence Assessment
Marina W. Lewin
Managing Director and Head of Relationship Management and New Business Development, Alternative Investment Services
The Bank of New York Mellon

Marina W. Lewin has responsibility for the hedge fund administration relationship management, business development and conversion teams. Ms. Lewin also coordinates the Company's global marketing support efforts for hedge funds. Ms. Lewin co-authored the research paper “Institutional Demands for Hedge Funds: New Opportunities and New Standards” which was published in September 2004 in conjunction with Casey, Quirk & Acito as well as the follow-up research paper released in October 2006, “Institutional Demand for Hedge Funds: A Global Perspective.” In this multi-faceted management role, Ms. Lewin is also a frequent speaker at industry events and serves as a media spokesperson for the Bank's hedge fund business. Prior to her involvement in the alternative asset arena, Ms. Lewin was responsible for product delivery for Exchange Traded Funds, which included the NASDAQ 100 Exchange Traded Trust (QQQ) and the S&P Mid-Cap 400 Trust (MDY). Before joining The Bank of New York Mellon, Ms. Lewin was with JPMorgan and Deutsche Bank and had a variety of roles in the securities industry business line, including operations management, product management and product development. Ms. Lewin has also had extensive experience acting as a senior manager for key business integration projects. She graduated from Barnard College and received her M.B.A. in Finance from New York University.

Matt Auriemma, CPA
Head of Operational Due Diligence
Barclays Global Investors

Matt Auriemma joined BGI in December 2005. Prior to joining BGI, Mr. Auriemma was the Senior Qualitative Analyst overseeing operational due diligence for the Alternative Investment Group at Julius Baer Investment Management. Prior to Julius Baer, Mr. Auriemma worked in hedge fund operations and administration for Reservoir Capital Group, AQR Capital Management and Citco Fund Services. Mr. Auriemma spent the first five years of his career as an auditor handling hedge fund, broker dealer and pension fund clients. Mr. Auriemma holds a B.S. in Business from St. Johns University and is a Certified Public Accountant in New York State.

Sang Min Kim
Operational Due Diligence Analyst
EIM (USA) Inc.

Sang Min Kim is mainly involved in performing the operational on-site due diligence reviews for EIM’s U.S. based hedge funds. Ms. Kim has been with EIM since 2006. EIM’s comprehensive due diligence process involves an assessment of all aspects of their Funds’ infrastructure and operations, including their third party service providers, key counterparties and Board of Directors. Prior to joining EIM, Ms. Kim was an AVP at Deutsche Bank and at Royal Bank of Canada, working in their fund of funds and structured products groups, respectively. Ms. Kim received her Masters in Accounting from Pace University and her Bachelor of Arts in Economics from Yale University.

Alan Swersky, CPA
COO, North America
Olympia Capital Management

Alan Swersky is Head of Operational Due Diligence for Olympia Capital Management and Chief Operating Officer. Mr. Swersky’s current responsibilities are to supervise the Operational Due Diligence team as they perform comprehensive on-site interviews with key accounting, operational, compliance and legal personnel of prospective Hedge Fund investments, monitor current Hedge Fund investments, review all relevant fund legal and marketing documents, evaluate the Fund’s management company, and build relationships among the various Hedge Fund service providers. Prior to joining Olympia in 2001, Mr. Swersky was a Vice President of Hedge Fund Accounting at Weiss Peck & Greer, responsible for the accounting and operations of various internal hedge funds. Mr. Swersky began his career in the Hedge Fund business as an auditor at the firm of Goldstein Golub Kessler. Mr. Swersky received a Bachelor of Arts degree in Accounting from Muhlenberg College and an MBA in Finance/Marketing from Fordham University’s Graduate School of Business. Mr. Swersky is a Certified Public Accountant licensed in the State of New Jersey.

11:45 - Panel Session - Regulatory Roundtable: Bonus Round with Regulators
Kevin O' Connor, JD
US Department of Justice

Kevin J. O'Connor was appointed by President George W. Bush and unanimously confirmed by the United States Senate as Connecticut's 48th United States Attorney in 2002. Mr. O'Connor also currently serves as Chief of Staff to the Attorney General of the United States. From January to April 2007, Mr. O'Connor served as Associate Deputy Attorney General of the United States.

Prior to his appointment as United States Attorney, Mr. O'Connor was a partner in the law firm of Day, Berry & Howard in Hartford, Connecticut. While with Day, Berry & Howard, Mr. O'Connor also served from 1999 to 2001 as Corporation Counsel for the Town of West Hartford, Connecticut. From 1995 to 1997, Mr. O'Connor served as Staff Attorney and Senior Counsel in the Division of Enforcement of the United States Securities & Exchange Commission in Washington, D.C. From 1993 to 1995, Mr. O'Connor was a litigation associate with the law firm of Cahill Gordon & Reindel in New York City. From 1992 to1993, Mr. O'Connor served as a law clerk to the Honorable William H. Timbers of the United States Court of Appeals for the Second Circuit. Mr. O'Connor graduated in 1992 with high honors from the University of Connecticut School of Law and with honors from The University of Notre Dame in 1989.

Peter Santori, JD
Chief Counsel, Market Regulation
National Association of Securities Dealers

Peter D. Santori is Chief Counsel to the Market Regulation Department of FINRA. The Market Regulation Department's responsibilities include the enforcement of transaction reporting, order handling and other quality of market rules; the FINRA examination program for market makers and ECNs; and the surveillance and investigation of fraud, insider trading, short sales and the OTC Bulletin Board. Mr. Santori has been with NASD since 1994. Mr. Santori earned a B.S. in Finance from Saint Joseph's University, an M.B.A. in International Business Administration from Temple University, a J.D. from the Widener University Law Center and Masters of Laws in Securities and Financial Regulation and Taxation from the Georgetown University Law Center.

Rex Staples, JD
General Counsel
National Association for States Securities Administrators

Rex A. Staples is General Counsel for the North American Securities Administrator’s Association, Inc., whose membership consists of the securities administrators in the 50 states, the District of Columbia, Canada, Mexico, Puerto Rico, and the U.S. Virgin Islands. Prior to his appointment as General Counsel, Mr. Staples was Branch Chief, Broker-Dealer / Investment Adviser Enforcement and Examinations with the Washington State Securities Division.

Mr. Staples has led and participated in numerous joint federal/state Task Force cases, as well as multi-state litigation. In 2001, he was designated co-counsel, along with members of the Office of the New York Attorney General, in the investigation of research analyst misconduct at Merrill Lynch. In 2002 he was designated Lead Counsel in the investigation of research analyst misconduct at U.S. Bancorp Piper Jaffray, Inc. and as co-counsel in the investigation of Citigroup Global Markets. In 2003, he was awarded NASAA’s Outstanding Service Award.

His service to NASAA has included acting as Chair of the Broker-Dealer Regulatory Policy and Review Project Group and as a delegate to the National Conference on Federal-State Securities Regulation as a member of the Market Regulation/Broker-Dealer Working Group. He was a member of the Analyst Independence Task Force Steering, Drafting, and Negotiating Committees and a member of the Broker-Dealer Operations Project Group. He has served as an instructor at the National White Collar Crime Center, a visiting Professor at Seattle University School of Law, and is a frequent speaker at various seminars on the subjects of federal and state securities litigation and broker-dealer / investment adviser regulation. Mr. Staples is a graduate of the University of Washington and Gonzaga University School of Law.

2:00 - Panel session - Cost-Benefit of Outsourcing: Regulatory, Compliance, and Business Considerations
Fred W. Jacobs
Managing Director
Fulcrum Ltd

Fred Jacobs is the Managing Director of Business Development in U.S. for Fulcrum Limited. Mr. Jacobs leads the sales and marketing efforts in the U.S. and is charged with sourcing and closing new business and overseeing client service. In addition, Mr. Jacobs is a member of Fulcrum’s global executive management team, which is responsible for leading the firm’s strategy and growth. Mr. Jacobs joined Fulcrum from PFPC Global Fund Services, where he served as Senior Vice President for Global Fund Business Development. In that position he was responsible for managing the international and alternative investment sales forces and developing strategy. Prior to joining PFPC in 1996, Mr. Jacobs was responsible for marketing investment management services and trust products in Latin America for the international private client division of Bank of America, in Los Angeles. Mr. Jacobs also worked for extended periods as an international trade banker in the U.S., Europe, and Asia. Mr. Jacobs holds a Master's in Business Administration from the Anderson Graduate School of Management at UCLA and a Bachelor of Arts in International Affairs from Lewis and Clark College.

Mark Polemini, JD
CCO
Alexandra Investment Management

Mark A. Polemeni joined Alexandra Investment Management in 2005 as Chief Legal Officer and Chief Compliance Officer. Alexandra is an SEC-registered investment adviser to a multi-strategy hedge fund with assets under management of approximately $1.2 billion. Mr. Polemeni oversees all of the firm’s legal, regulatory and compliance matters. Mr. Polemeni has been an attorney for over 15 years with a broad range of expertise in the areas of corporate law and securities law. Prior to joining Alexandra, Mr. Polemeni was a partner in the Corporate and Securities Group of Epstein Becker and Green, P.C.’s New York Office. Mr. Polemeni is a member of the New York State Bar Association’s Committee on Securities Regulation, as well as the Hedge Fund Advisory Committee (HFAC) of the Managed Funds Association (MFA). Mr. Polemeni is currently serving as a Steering Committee Member for the MFA’s Chief Compliance Officers Forum, and is an editor of the MFA’s 2007 Sound Practices for Hedge Fund Managers. He was named by his industry peers as one of the 2007 “20 Rising Stars of Compliance” throughout the United States and the United Kingdom (published in Institutional Investor News). Mr. Polemeni received his B.A. from Georgetown University in 1988 and his J.D. from Georgetown University Law Center in 1991.

Thomas Quinn
COO
DiFiglia Capital Management

Thomas Quinn has responsibility for developing the operational infrastructure and institutional client base of DiFiglia Capital. Mr. Quinn’s 20 years of client service and operational expertise on Wall Street round out our senior team. Mr. Quinn began his hedge fund career with Gain Capital Asset Management (GCAM) in June 2004 as Chief Operating Officer where he had responsibility for all non-trading activities. Prior to GCAM, Mr. Quinn was a Managing Director with HSBC Securities (USA) where he ran all US Fixed Income Origination, Chaired the Commitments Committee and was an active member of the US Executive Committee. Mr. Quinn managed over 25 professionals across a broad spectrum of disciplines including - syndicate, coverage, derivatives, documentation, liability management, asset backed securities and private placements. Prior to that Mr. Quinn ran the non-US debt origination business for both Kidder Peabody and PaineWebber. Mr. Quinn began his career with JP Morgan in the systems design and development area. Mr. Quinn holds a BSEG from Bucknell University and an MBA in Marketing and International Business from NYU Stern School of Business.

2:45 - Panel Session - The Role of Independent Directors
Allison Nolan
Managing Director
Athena International Management

Allison B. Nolan is the Managing Director of Athena and leads the provision of directorship services for the company, with particular emphasis on services to the investment funds industry. From her background as a partner in a leading offshore law firm and her transaction management experience, Ms. Nolan has developed a wealth of expertise in the international financial services arena and has extensive knowledge of the legal and regulatory framework in the Cayman Islands and other offshore jurisdictions. This experience, together with her commercial approach, means that she is able to offer an unparalleled excellence of service as an independent director. Ms. Nolan qualified as a solicitor, England and Wales (non-practicing) in 1990; worked for the city of London law firm now known as Taylor Wessing 1988-1993; joined the major offshore law firm Appleby (formerly the Cayman Islands firm of Hunter & Hunter) in 1998 and was admitted as an Attorney-at-Law in the Cayman Islands (now non-practising). Ms. Nolan became a partner of that firm in 2002 and was ultimately appointed as Group Team Leader – Funds and Investment Services, Group Team Leader – Structured Finance and Local Team Leader – Capital Markets and acted as a Director of Appleby Corporate Services (Cayman) Limited, a company licensed by CIMA. Immediately prior to moving to Cayman, Ms. Nolan was the Legal and Documentation Manager at Mitsubishi Corporation Finance PLC in London, which role encompassed managing not only the legal department but the derivative documentation section of the company and included a high level involvement in structuring of capital markets transactions and developing new types of derivative products. Whilst practicing as an Attorney-at-Law in Cayman, Ms. Nolan was ranked amongst the leading corporate / commercial lawyers in the Cayman Islands in Chambers and Partners Global Guide to Lawyers, following endorsement for her work in investment funds, mutual funds and liquidations.

Roseanne Kelly
Head of Investment Fund Listing
Irish Stock Exchange

Roseanne Kelly has been Head of Investment Fund Listings at the Irish Stock Exchange since 2000. Ms. Kelly’s previous experience includes a 15 year career with AIB Bank and a seven year career with Deloitte. Ms. Kelly holds professional qualifications in both accounting and banking. The Irish Stock Exchange is a long established European stock exchange

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