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2 & 3 OctOber 2012 | british museum | lOndOn

InvestHedge
FORUM 2012

The pursuit of performance

InvestHedge unites Forum & Awards to create an exclusive investor event
The InvestHedge Forum is a unique hedge fund conference, bringing together more than 350 hedge funds, institutional investors and funds of hedge funds. It will tackle a variety of investor-related topics and examine how investors are investing in and buying hedge funds.

E D- rs fr EN sto or vE f iN tEr s gi E

KEyNOtE spEaKErs
DamE amELIa chILcOtt FawcEtt martIN KLLstrm ash wILLIams
Chairman, Hedge Fund Standards Board Portfolio manager responsible for hedge fund investments, AP1 Executive director and CIO, Florida State Board of Administration
Lies, damned lies and statistics: the truth about performance the art of hedge fund investing: Where do hedge funds fit in? Consultants: trojan horse or modern-day saviour? Portfolio alchemy: How to mix the perfect portfolio is bespoke the 21st-century fund of funds? revealed: the secrets of making macro work Politics and performance: Who is in charge in Europe?
See inside for more details >

KEy tOpIcs

BOOK ONLINE at www.investhedgeforum.com or call +44

(0)20 7779 7222

Why attend
Highlights of the investhedge Forum
Under the theme The Pursuit of Performance, this years investhedge Forum has been designed to take a look at the rapidly changing hedge fund investing landscape.
As more investors buy hedge funds directly the two-day event will look at how they can do this, how funds of funds are adapting and, more importantly, how they can continue to harness the performance they need to fund future liabilities. There will be in-depth panel discussions with both hedge funds and their investors to uncover what it is that investors want and what is on offer for them to achieve their goals. Performance is still paramount, but today so is due diligence, risk management, transparency and how hedge funds are delivered. Reinforcing the importance of the investor and the increasing collaborative endeavours between allocators and their advisors, this global event is marked with two end-investor keynotes: Ash Williams from Florida State Board of Administration and Martin Kllstrm from AP1. The event will be of relevance to all hedge fund allocators wanting to know where the performance opportunities of tomorrow are coming from as well as hedge funds wanting to meet and learn from their potential future investors. I look forward to seeing you in October.

niki natarajan editor, InvestHedge

Dont miss our keynote speakers

Dame Amelia Chilcott Fawcett
hedge Fund standards board Dame Amelia Chilcott Fawcett is the chairman of the Hedge Fund Standards Board in London. She is also chairman of the Guardian Media Group plc in London, a non-executive director of State Street Corporation in Boston, Massachusetts and a nonexecutive director of Investment AB Kinnevik in Stockholm. Between 2007 and 2010, Amelia was chairman of Pensions First, a financial services and systems solutions business.

Martin Kllstrm
AP1 Martin Kllstrm is the portfolio manager responsible for hedge fund investments ($1.6 billion) at AP1. AP1 manages $35 billion worth of assets and is part of the Swedish state pension system. Martin has researched hedge funds in different capacities for close to 10 years. Prior to heading up the hedge fund portfolio, he was responsible for the private equity portfolio at AP1 with fund commitments of $1.8 billion.

Ash Williams

Florida state board of Administration Ash Williams is the executive director and CIO of the Florida State Board of Administration (SBA). The SBA manages assets under broad investment authority granted by the boards trustees. The trustees are Floridas governor, chief financial officer, and attorney general. Among the over $150 billion in assets under management are those of the Florida Retirement System (FRS) Trust Fund. Prior to joining the SBA, Ash was a managing director at Fir Tree Partners.

InvestHedge Forum 2012 | 2 & 3 October 2012 | British Museum | London

Panellists
The InvestHedge Forum will bring together some of the most successful managers and investors to discuss the outlook for the industry. Speakers include:
tim bond, Odey Asset Management leonard charlton, Dalton Strategic Partnership steve charlton, NEPC russell clark, Horseman Capital Management Alexandre col, Banque Prive Edmond de Rothschild loic Fery, Chenavari Investment Managers christian howells, Aberdeen Asset Management david Kuenzi, Aurora Investment Management damien loveday, Towers Watson roxanne martino, Aurora Investment Management Andrew mccaffery, Aberdeen Asset Management Anne marie morley, Aurora Investment Management maarten nederlof, PAAMCO George Papamarkakis, North Asset Management emily Porter-lynch, Universities Superannuation Scheme ian Prideaux, Grosvenor Estate Anne richards, Aberdeen Asset Management scott schweighauser, Aurora Investment Management subhra tripathy, Aberdeen Asset Management mark unferth, CQS mike Weston, DMGT Pensions
More speakers will be announced over the coming weeks, visit www.investhedgeforum.com for more details

Absolute ucits conference 2012

The Absolute UCITS Conference will be held at the British Museum on 3 October. It will run concurrently with the second day of the InvestHedge Forum, and delegates of the Forum will have access to Absolute UCITS sessions. The conference will explore the alternative UCITS hedge fund industry today particularly how it will grow and what it will look like over the next decade. Sessions will include: What are the advantages of institutional and retail investors allocating to alternative UCITS? What are the advantages of institutional and retail investors allocating to alternative UCITS? How to attract assets into alternative UCITS? Are platforms the solution? Or is a new distribution model needed? The future: Alternative UCITS and the onshore hedge fund industry in 2020.

www.absoluteucitsconference.com
register today to book your place:
Call +44 (0) 20 7779 7222 Email: events@hedgefundintelligence.com Online: www.absoluteucitsconference.com

there are three easy ways to register

call: +44 (0) 20 7779 7222 email: events@hedgefundintelligence.com Online: www.investhedgeforum.com

www.investhedgeforum.com

Programme
day one: 2 October 2012
09.30 10.15

registration, breakfast and introduction revealed: the secrets of making macro work. Has transparency and political intervention taken the edge off global macro, or are there managers out there still able to find pockets of performance? How do they do it? Whats the story in Europe, who will be the next to fall and will they ever be allowed to fail? Who is in charge: politicians, regulators or the financial centres? Will the PIIGS ever fly again? What are the strategies for exploring stressed and distressed opportunities in Europe and beyond? lies, damned lies & statistics: the truth about performance. A pension fund that invested in a FoHF
in 2008 is going to believe that the performance has been appalling, but is that the full picture? How have the other asset classes performed? Did they buy protection or performance? Are they benchmarked correctly? Are the hedge funds in the right part of the portfolio? Over time, do the investments look better? Is it about timing? What do investors really want? How can hedge funds be used properly to maximise performance?

11.00

11.45 12.15 13.00

coffee break Keynote speaker: Ash Williams, Florida state board of Administration ctAs & quant strategies: the ultimate must-have for non-correlated returns? Returns may have been
tepid in recent years (post-2008) but when the equity markets have tanked, commodity trading advisors and other quant strategies have generally been among the best at preserving capital and delivering returns such as most recently in May 2012. Will these strategies continue to be best at delivering non-correlated returns?

13.45 15.00 15.45 16.30 17.00

lunch Keynote speaker: dame Amelia chilcott Fawcett, hedge Fund standards board concurrent workshops: topics to be announced see over for details coffee break long/short equity: is it no longer working? Who has the ideas that still make it compelling? Recent years have been very difficult for long/short equity strategies, with returns generally being low to non-existent over the past five years, and with rising correlation to markets leading many investors to lose faith in the ability of the strategy to deliver in such a macro-driven market. But some managers have still been able to deliver strong positive returns during this period and this panel will feature some of them, who will talk about how they have been achieving such returns, as well as the opportunities they see and their strategies for the future. Workshop: topics to be announced see over for details consultants: trojan horse or modern-day saviour? The main reason most investors are moving to consultant-driven direct investments is that they want to cut costs. But is moving to the direct model really saving that much? Is service, due diligence and monitoring being compromised and are there conflicts? What will happen in three years time when portfolios are reviewed? As consultants are increasingly being hired as outsourced CIOs, is there a way to harness the due diligence power of funds of funds with the access and expertise of the consultants? How much does all this actually cost the pension fund? And who gets the blame when things go wrong?
with a private viewing of shakespeare: staging the world

Day one: Programme

17.00 17.45

18.30

cocktail reception in the enlightenment Gallery:

InvestHedge Forum 2012 | 2 & 3 October 2012 | British Museum | London

day two: 3 October 2012

08.30 09.00

doors open and breakfast the art of hedge fund investing: Where do hedge funds fit in? To some investors, hedge funds are
all tarred with the same brush and treated the same way. But sophisticated hedge fund investing is about mixing different and complimentary managers, in different sizes, at different times and most importantly for different reasons; are the newer direct investors missing out on the performance potential of some less obvious strategies?

09.45 10.30 11.00

Keynote speaker: martin Kllstrm, AP1 coffee break is risk management and transparency killing performance? Institutional investors are doing everything they can not to get burned. They want all the risk management and transparency they can get, and the managed account industry is thriving because of this fear. But is this fear killing the golden performance goose? Can investors have it all? Workshop: topics to be announced see below for details lunch credit and distressed: the epicentre of hedge fund returns for an era of deleveraging? With
the after-shocks of the financial crisis continuing to reverberate amid the ongoing crisis for banks in the eurozone, it seems to be only a matter of time before an avalanche of distressed credit comes to the market especially in Europe. But will this finally provide the cascade of opportunity for hedge funds that has been predicted ever since 2008 and when will it start to happen? A panel of managers and investors in the credit markets discuss the outlook.

11.45 12.30

Day two: Programme

13.45

14.30

regulation: Whos really in charge of the hedge fund industry? Regulators can make or break a hedge
fund industry by dictating that an industry should be brought onshore. How can hedge funds and funds of funds work with the regulators to design a win-win situation that both protects the investors and enhances the value of their investments? Will the new JOBS Act in the US allow US hedge funds and funds of funds to market more freely, and will less of them hide their performance behind the SEC marketing acts?

15.15

close
The programme is provisional. Please visit www.investhedgeforum.com for updates

Workshop sessions will include:

Portfolio alchemy: how to mix the perfect portfolio. digging beyond the obvious: the art and science of due diligence. Are customised portfolios the 21st century funds of funds? Global macro at work: Gearing up for global uncertainty.

www.investhedgeforum.com

Attendees
More than 350 delegates from the industrys leading firms attend the InvestHedge Forum each year. The breakdown of attendees last year was as follows:
Other industry professionals 2% Service providers 19% Funds of funds, end investors and consultants 42% Hedge funds 37%

Below is a selection of the companies that attended last year:

inVestOrs ABN AMRO Private Banking Barclays Wealth Bellevie Family Trust Brit Insurance BT Pension Scheme BTC, Plc Cardona Lloyd Cazenove Pension Trustees Coutts & Co Credo Group DMGT Pensions Drona Capital Grosvenor Estate Hasma Capital Advisors IMQ Investment Mgmt. Kaust Investment Mgmt. Keiser Beratung Key Family Partners LB Capital Lord North Street Montis Aurei Private Investment Office Nimbus Wealth Mgmt. Norchen Alternative Advisors Orchid Advisory Ospara Oxford Martin School Parker Lloyd Group Poseidon Prideaux Associates PRVA Group RBC Wealth Mgmt. Russell Wood S. H. Hirth & Associates Saaj Group SBG (UK) Silvia Quandt & CIE SK3 Capital Skanska AB Socit Gnrale Private Banking Stanhope Capital Storebrand Investments Tang Family Foundation Tetral The Sutton Trust UNPRI USS University of Cambridge Utah State Retirement Fund Watch Tower Society BRI Partners Broadwalk Asset Mgmt. BTG Pactual Funds OF Funds Butler Investment Managers Aberdeen Asset Mgmt. Cairn Capital Limited Alpha Strategic CapeView Capital Alvine Capital Capula Investment Mgmt. Archer Asia Carrhae Capital Banque Prive Edmond de Cheyne Capital Mgmt. Rothschild Christofferson, Robb and Co Blackstone COMAC Capital Clontarf Capital CQS Diversified Global Asset Mgmt. Credit Suisse Asset Mgmt. Fauchier Partners *Source: based on attendanceFund Mgmt. De Putron at the InvestHedge Forum held in September 2011 Capital First Partner Partners Diamantisse FourWinds Capital Mgmt. EcoCapital FQS Capital Partners Ecofin FRM Capital Advisors Environmental Investment Partnership Frontier Investment Mgmt. ESL UK Fundana Exane Asset Mgmt. Gems Advisors Ferox Capital Gottex Asset Mgmt. FinEx Capital Hermes Fortress Investment Group International Fund Marketing Fulcrum Asset Mgmt. Key Asset Mgmt. Fusion Asset Mgmt. Lazard Asset Mgmt. FX Concepts LCF Edmond de Rothschild Asset Mgmt. GAM International Mgmt. Liongate Capital Mgmt. GLC Lyxor Asset Mgmt. Halcyon Asset Mgmt. Man GLG Harmonic Capital Partners Mesirow Financial HedgeCo Investment Mgmt. Mirabaud Et Cie Horizon Asset Limited Northill Capital Ignis Asset Mgmt. PAAMCO IKOS Permal Investment Mgmt. Impax Asset Mgmt. Rothschild Blackpoint Insparo Asset Mgmt. SAIL Advisors International Asset Mgmt. Signet Capital Mgmt. IPAF Sire Mgmt. Corp. Itau BBA Strathmore Capital J.P. Morgan Asset Mgmt. Lombard Odier Investment Managers hedGe Funds Mariner Europe Arrowgrass Capital Partners Marshall Wace BAML Capital Partners Passport Capital Europe Benros Capital Partners Pensato Capital Black Ant Investment Mgmt. Pictet Asset Mgmt. BlackRock PMA Investment Advisors Bluebay Asset Mgmt. Polar Capital Bluecrest Capital Mgmt. Bluegold Capital Mgmt. Quality Capital Mgmt. Woodcock Family Charitable Trust Yale University
For a full list of attendees visit: www.investhedgeforum.com

InvestHedge Forum 2012 | 2 & 3 October 2012 | British Museum | London

interested in sponsoring or exhibiting?

contact: russell bradley-cook Tel: +44 (0) 20 7779 7342 Email: rbcook@hedgefundintelligence.com

discounts
off the standard rates.

buy one ticket get one free If your firm lists performance data

Dont miss
Tuesday 2 October

in the HedgeFund Intelligence database, register yourself and bring a colleague for free!

cocktail reception
All registered delegates are invited to the InvestHedge Forum cocktail reception, which will take place in the Enlightenment Gallery after the conference on day one. The cocktail reception will include private viewings of two of the Museums galleries. See below for full details.

20% earlybird discount Register before 31 July and receive 20% 15% subscriber discount If you subscribe to InvestHedge, end investors register for free!

EuroHedge, AsiaHedge, Absolute UCITS or AR Magazine, you will receive 15% off the standard rates.

register today:
Call +44 (0) 20 7779 7222 Email: events@hedgefundintelligence.com online: www.investhedgeforum.com

Pre-event networking

Once you have registered for the InvestHedge Forum, you will be invited to join the private event networking group on LinkedIn. You will receive regular updates and find out who else is attending the Forum.

exclusive private viewings at the British Museum

Shakespeare: staging the world
The British Museum is staging a major exhibition on the world of Shakespeare, in collaboration with the Royal Shakespeare Company. The exhibition provides a unique insight into the emerging role of London as a world city, seen through the innovative perspective of Shakespeares plays. The exhibition will be held in the famous Reading Room. Private viewing: 2 October 19.00 20.00
Image adapted from an engraved portrait of Shakespeare by Martin Droeshout from the Third Folio of 16631664. The Trustees of the British Museum

The Enlightenment Gallery

The Enlightenment was an age of reason and learning that flourished across Europe and America from about 1680 to 1820. This rich and diverse permanent exhibition uses thousands of objects to demonstrate how people in Britain Trustees of the British Museum understood their world during this period. It is housed in the Kings Library, the former home of the library of King George III. It was opened in 2003 to celebrate the 250th anniversary of the British Museum. Private viewing: 2 October 18.30 20.00

www.investhedgeforum.com

Awards 2012
ArbitrAGe 5 YeArs Aberdeen Orbita Capital Return Strategy Bodleian Partners Edmond de Rothschild Prifund Alpha Uncorrelated SSARIS Relative Value Strategy AsiA & emerGinG mArKets strAteGies 5 YeArs Penjing Asia Market Independent Fund Persistent Edge Asia Partners Persistent Edge China Partners SAIL Asia Pacific Managers cOmmOdities & nAturAl resOurces 5 YeArs Aurelian Global Resources Opus Commodities Fund Pinnacle Natural Resources Fixed incOme & credit 5 YeArs GHF Sicav Fixed Income A Lighthouse Credit Opportunities Opus Fixed Income Fund Permal Fixed Income Holdings mAnAGed Futures 5 YeArs ACL Alternative Fund Crown Managed Futures FRM Sigma Fund Lighthouse Managed Futures Fund GlObAl mAcrO 5 YeArs GAM Trading IV SSARIS Global Macro & CTA Trading Capital Holdings Gms $100m-$500m 5 YeArs Balestra Spectrum Partners Culross Global Fund Double Eagle Capital Ace Fund HDF Multi Reactive SkyBridge Legion Strategies

InvestHedge

for investor excellence Investhedge awards 2012 Nominations

This year, the InvestHedge Awards gala dinner will be held at the British Museum in London on the evening of 3 October. The Awards recognise long-term performance of funds of hedge funds globally. Book a table at the InvestHedge Awards and receive 10 tickets to the InvestHedge Forum (asset management firms only).
10 YeAr $500m-$1bn Aurora Global Opportunities Aurum Isis Fund Private Advisors Stable Value Fund Stenham Quadrant Portfolio 10 YeAr $1bn + Corbin Pinehurst Partners Edmond de Rothschild Prifund Alpha Uncorrelated GAM Trading II Permal Fixed Income Holdings Protg Partners 20 YeAr >$500m Archstone Partners Aurora Limited Partnership Corbin The Overlook Performance Fund Permal Macro Holdings Stenham Universal Portfolio cOnsultAnt 5 YeArs To be announced online institutiOnAl FOhF 5 YeArs To be announced online GrOuP OF the YeAr 5 YeArs To be announced online AbsOlute FOhF 5 YeArs To be announced on the night

Gms $500m-$1bn 5 YeArs Cube Global Multi-Strategy Fund Prisma Spectrum Fund SkyBridge Multi-Adviser Hedge Fund Portfolios SSARIS Absolute Return Strategy Gms >$1bn 5 YeArs Aurum Isis Fund Corbin Pinehurst Partners DGAM Diversified Strategies Fund EnTrust Capital Diversified Fund Magnitude International Prisma Spectrum Fund us strAteGies 5 YeArs Magnitude US Partners New Providence Fund Sire Partners van Biema Value Fund Voyager Partners

The above nominations are based on 11 months of performance data. Final nominations will be announced at the end of August based on 12 months of performance data. Nominations are subject to submitting a strategy allocation sheet for June 2012. These categories are provisional and may be subject to change.

for more information and to book your table, please contact:

CAll +44 (0) 20 7779 7354 www.investhedgeawards.com

Please complete this electronic booking form and return to events@hedgefundintelligence.com or print out and fax back to +44 (0)20 7779 8795
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