This seminar will be of interest to Senior and Intermediate Staff in the following areas:
Fund administrators/accountants
Custodians
Transfer agents
Investment managers
Professional service advisers i.e. lawyers/accountants
Compliance officers
Time Slot
Event
Speakers
08:30
Registration and coffee
09:00
Introduction from the Chair
Con Keating, Principal, The Finance Development Centre
09:10
Hedge Funds 101 – Introduction
- Development of the hedge fund industry
- Main market participants
- Market size and product trends
- Challenges facing the industry
- How do hedge funds differ from other investments?
- The role of hedge funds in investment markets
- The search for alpha- what is alpha?
- Recent performance and future growth areas
Reza Vishkai, Head of Alternatives, Insight Investment
09:50
Hedge Funds 102 - Hedge fund styles and strategies
- Hedge fund investment styles – long and short: style variations, equity long/short/geographical/sectoral, global macro, distressed, emerging market etc.
- Hedge fund investment styles – arbitrage: relative value, market neutral, event-driven, risk arbitrage, statistical arbitrage, convertible arbitrage etc.
- Managed futures
- Individual discussion of strategies, their popularity and performance
- Impact of pension regulation
- Growth in funds of hedge funds
Con Keating, Principal, The Finance Development Centre
10:30
Coffee
10:50
Hedge Funds 103 – Issues for hedge fund investors
- Benefits of investing in hedge funds
- Fund of hedge funds or direct investing?
- Hedge funds in portfolios: individual strategy assessment
- Possible advantages of investing in a UCITS III regulated fund vs non-regulated
- Main investors' concerns
- The due diligence process: what to look out for
- Portfolio construction
- Are hedge fund indices true measures of performance?
Guy Saintfiet, Head of Alternative Investments, KBC Asset Management
11:40
Hedge Funds 104 – Risk management
- Leverage, risk and transparency
- Useful controls and analysis tools to manage risk
- Risk management models in hedge fund investment i.e. gap and liquidity risk/mark-to-market risk
- Benefits and challenges of transparency
- Focus on extreme events -- those are the killers
Terence Moll, Senior Partner and Head of Research, Consilium Capital Management
12:30
Lunch
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