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The Hedge Fund Start-Up & Business Development Forum
11-12 May 2004, Marriott Financial Center, New York 2nd Annual Forum
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Conference Programme Day 1
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Opening Plenary: Issues And Challenges Facing The Hedge Fund Industry - Philip Manduca, Principal, Titanium Capital
What is the market outlook? Is the recovery in the markets set to continue?
Have hedge funds lived up to their expectations over the last year? What are realistic returns in the current market, and how do they compare to other types of funds? Which strategies have outperformed, and which are the ones to look out for going forward?
The optimal business model for a hedge fund business - single or multiple strategy; the relationships between fund of funds and single strategy managers; optimizing distribution models internally/externally to a firm; asset flow to low volatility or high return |
| SETTING UP A FUND |
BUSINESS DEVELOPMENT |
FOCUS: FUND OF FUNDS |
Setting Up A Fund Gary Watson & Chris Bekmessian, Partners, Eisner LLP
Assembling your team of advisors
Choosing the most appropriate fund structure
Tax considerations and planning opportunities
Regulatory issues to consider
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Panel Discussion: Growth Management
Existing hedge fund managers discuss how they have grown from one fund to several funds, and what ongoing business development issues they face.
Moderator: Frank Carr, Managing Director, The Diversified Search Companies; Oliver Bergmann, Principal, Capital Z; Donnell Segalas, Principal, Prinnacle Asset Management; Others TBC |
Examining the Growth of Fund of Funds Elliot S. Weissbluth, Director of Marketing, CRA RogersCasey
Examining growth statistics for this type of product: understanding their popularity in the marketplace
How do fund of funds choose their managers? Key elements needed
Analysing different fund of fund structures single or multi-strategy? What is the latest research on types of portfolio diversification?
A market assessment of fund of funds from a risk/return perspective and from a structural perspective
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Starting A Hedge Fund With An Incubator Partner - Benefits And Concerns Hugh R. Lamle, President, M. D. Sass Investors Services, Inc.
Operating capital
Track record capital
Established brand and distribution
Risk management and mentoring
Infrastructure
Conflicts of interest
Shifting priorities
Diminished ownership and control |
Benefits of the Application Service Provider (ASP) Model for Hedge Funds Aspen Hedge Farid Naib, CEO, FNX Limited
Well suited to the hedge fund market, an ASP solution offers full services at a fraction of the cost when compared to the purchase and installation of a software package. This session will define ASP solutions, discuss contracting, trends and services.
Functionality;
- ASPs must be able to support the initial and future trading activities.
- Market risk tools should provide a level playing field for a bank's proprietary trading desk.
Deployment;
- Systems must minimize the deployment time spent, which may come from key members of the fund management team.
- Up front expenses should be minimized.
- Disaster recovery and full back up supported.
- Should have remote access capabilities for middle of the night market movements
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Constructing A Successful Fund Of Funds Seeding Programme Chris Kelley, Managing Director, Weston Capital
Outlining the strategic objectives of a fund of funds seeding programme
Differences in the business model of this type of fund of fund to traditional fund of fund
What types of investors are attracted to this type of product?
How do we pre-screen and evaluate hedge fund managers for the programme?
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Seed Capital: A Necessary Evil or a Win-Win Opportunity? Elizabeth Flisser, Principal, Capital Z
Overview of Current Market Trends and Players
What are Seeders Looking for?
Key Structural Elements of Seed Deals
Making Seeding Work
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Key Regulatory Issues In the US And Other Key Domiciles: What You Need To Know - Robert G. Leonard, Partner; David S. Plutzer, Associate, Bryan Cave
Marketing in the US and Current Regulatory Issues
Pros and Cons of Registering as an Investment Adviser in the U.S.
Attracting Institutional Investment to Hedge Funds
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The Quest For The Winning Fund-of-Funds Business Model Speaker TBC
With the proliferation of fund of funds, how can a fund of fund differentiate itself from the competition? Defining the key factors for future success.
How have fund of funds performed over the last year? Has there been a clear winner in terms of strategy or structure? Which structure is most attractive to which type of investor?
Can small and medium sized FoFs compete in the current marketplace?
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Closing Plenary Panel Discussion: Interactive Asset Allocator Panel
Moderator: Gregory Barrett, President, HedgeWorld USA - Panellists: Jason Huemer, President, Synthesis Funds; Sandra Kim, Director of Research, Cedar Capital Management; Brian Briskin, Director Manager Research, Focus Investment Group; John McDonnell, Co-Managing Member, The 6800 Capital Group; Ted Seides, Director of Investments, Protιgι Partners
Have the opportunity to ask the asset allocators questions on manager evaluation techniques, transparency & risk management needs, latest product developments, and how they envision the future of the industry
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