sign in sign up
<<
Home , BlackRock, Boost ETP, Credit Suisse, Swissquote

Organized by dŚĞŵĞĞƟŶŐƉŽŝŶƚĨŽƌ^ǁŝƐƐĂŶĚ/ƚĂůŝĂŶƐƐĞƚDĂŶĂŐĞŵĞŶƚ &ŽƌƋƵĂůŝĨŝĞĚŝŶǀĞƐƚŽƌƐĂŶĚĨŝŶĂŶĐŝĂůƉƌŽĨĞƐƐŝŽŶĂůƐŽŶůLJ

SPECIAL GUEST SPEAKER: JEAN-CLAUDE TRICHET PROJECT

NOVEMBER 24th - 25th PALAZZO DEI CONGRESSI - LUGANO A Company of the Austrian Raiffeisen Banking Group

Pioneers in Emerging Markets Equities since 1994 Great changes are taking place in Ticino, the third most important financial center in and the one with the greatest potential for further development. secrecy is giving way to transparency while financial professionals are concentrating on their clients’ needs. The best thing for Lugano and Ticino is certainly not to block this process of transition, which some are trying to do, but to promote change, progress and competition. Several companies and funds have already set up new offices here, and this has the result of increasing the availability of a whole range of ancillary services, such as legal and compliance offices, data “The Lantern” Research providers, security, accountancy and auditing, software (www.LanternResearch.com) is a fast- solutions for middle and back office and so forth. growing international network founded in 2009, with a database of In this connection, the role of the Lugano Fund Forum (LFF) is 120,000+ finance professionals to support this radical change. Indeed, the event is a unique (Financial Analysts, Economists, platform for players to present their products and services. In Portfolio Managers, Corporate Finance a particularly rich environment participants can meet other Advisors, Private Equity, Research high-level professionals that can help them coordinate and Boutiques, Traders …) from develop their own business. The LFF is an example of how all over the world. The network’s aim is Ticino is making progress. In only three years, starting to support its professionals’ activities and to increase their visibility in the practically from nothing, the LFF has become an important international financial community. event in the agenda of investors and those working in Wealth “The Lantern” Research has rapidly Management, with speakers who are famous throughout the achieved leadership in the organization world: Marc Faber (2012), Nouriel Roubini (2013) and this of events in the financial and year Jean-Claude Trichet (former ECB President) and commodity sector in the Canton of Dominick Salvatore (IMF advisor). The importance and Ticino and Milan area and through its significance of the Lugano Fund Forum is also shown by the network of partners, can organize fact that it has become a really unique opportunity for road-shows, 1-on-1 meetings, fairs, meeting professionals from and Milan, two great presentations, seminars and courses in financial centers that usually do not have much contact with , Zurich, Paris, Montecarlo, Munich, , and New each other and consequently have not developed much York, as well. synergy between them, at least up until the present time. “The Lantern” Research is also the That is the challenge that LFF has to meet. promoter of: I wish all of you a pleasant and rewarding experience in the hope that you may take benefit from this event, increase your visibility and develop new business relationships … Welcome to LFF 2014!

Riccardo Esposito CEO & Founder at “The Lantern” Research SA Promoter of the Lugano Fund Forum 3 Summary Welcome from Riccardo Esposito, Promoter of LFF ……………….……….…...... 3 Welcome from Ticino Authorities by Franco Citterio ……………..……………………………………...... 8 Welcome to Lugano Fund Forum by Jean-Claude Trichet ………………………………………….……….……. 12 Welcome to Lugano Fund Forum by Dominick Salvatore .……………………………………….…………….…. 14 Program …………………………………………………………………………………………………………………………………… 17 Speakers ……………………………………………………………………………………………………………………….…………… 30 Lugano Fund Forum Exhibition Map …………………………………………………………………………………….………. 47 Company Profiles:

- "The Lantern" Research ……………………………………………………………………………….. 54 - 1741 ……………………………………………………………………………… 56 - Aberdeen …………………………………………………………………………………………………….. 58 - ActivTrades ………………………………………………………………………………………………….. 60 - AllX ………………………………………………………………………………………………….. 62 - Alpha Value Management …………………………………………………………………….………… 64 - Aviva Investors ..…………..………………………………………….…………………………………… 66 - Banca IMI ……………………………….……….………………………………………….………………… 68 - Banca Zarattini ……………………………………………………………………………………………… 70 - Banor Capital ……………………….………………………………………………………………….….… 72 - BlackRock ………………………………………………………………………..………………………….… 74 - Bloomberg .………..………………………………………………………………………………………… 76 - BNP Paribas Securities Services .………………………………………………………………….… 78 - Bonn Steichen & Partners …..…….………………………………………………………..………… 80 - Boost ETP ……………………………………………………………………………………………………... 82 - Candriam ………………………………………………………………………………………………………. 84 - Capital Strategies ...... ……...... …….... 86 - Carmignac Gestion . …………….…………………………………………………………………..….… 88 - Casa4Funds ………..……………………….…………………………………………………………..…… 90 - CEE Group …………………………………….……………………………………… 92 - City Fund Management ……………………………………………………………………………..… 94 - CornerTrader …………………………………………………………………………………………….….. 96 - ………………………………………………………………………………………..….….… 98 - Dalma Capital ..………………………………………..……………………………………………………. 100 - Diaman Sicav …………………………………………………………………..…………………………… 4 102

Our 5-star funds for gourmet investors.

5he -wide performance evaluator Morningstar awards its 5-star top ranking* to those funds that are the best performers in their peer group during the period under review. Here are our shining 5-star funds:

Fund Name Securities no. UBS European Opportunity Equity Fund 595736 UBS European Opportunity Unconstrained Equity Fund 14543379

All awarded funds: www..com/fundawards-ch

ab

TUBSTUPQ¾CFTUBTPG+VMZ PGBOBMZ[FEGVOETGSPNUIFQFFSHSPVQTUBSTOFYUTUBSTNJEEMFTUBSTOFYUTUBSŗPQ¾CPUUPN For marketing and information purposes by UBS. UBS funds under Luxembourg law. UBS (Lux) Equity Fund - European Opportunity (EUR) P-acc, UBS (Lux) Equity SICAV - European Opportunity Unconstrained (EUR) P-acc. Representative in Switzerland for UBS funds established under foreign law: UBS Fund Management (Switzerland) A(, P.O. Box, C)- . Paying agent: UBS A(. Prospectuses, simpliŖed prospectuses or ,ey investor information, the articles of association or the management regulations as well as annual and semi-annual reports of UBS funds are available free of charge from UBS AG, P.O. Box, CH-4002 Basel or from UBS Fund Management (Switzerland) AG, P.O. Box, CH-4002 Basel. Before investing in a product please read the latest prospectus carefully and thoroughly. Units of UBS funds mentioned herein may not be eligible for sale in all Kurisdictions or to certain categories of investors and may not ošered, sold or delivered in the . 5he information mentioned herein is not intended to be construed as a solicitation or an ošer to buy or sell any securities or related Ŗnancial instruments. Past performance is not a reliable indicator of future results. 5he performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units. Commissions and costs have a negative impact on performance. If the currency of a Ŗnancial product or Ŗnancial service is dišerent from your reference currency, the return can increase or decrease as a result of currency ŗuctuations. 5his information pays no regard to the speciŖc or future investment obKectives, Ŗnancial or tax situation or particular needs of any speciŖc recipient. 5he details and opinions contained in this document are provided by UBS without any guarantee or warranty and are for the recipientÁs personal use and information purposes only. 5his document may not be reproduced, redistributed or republished for any purpose without the written permission of UBS AG. 5his document contains statements that constitute Ãforward-looking statementsÄ, including, but not limited to, statements relating to our future business development. While these forwardlooking statements represent our judgments and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to dišer materially from our expectations. Source for all data and charts (if not indicated otherwise): UBS Global Asset Management h UBS 204. 5he key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved.

Ins_UBS_5StarFunds_A5_EN.indd 1 14.11.2014 17:55:29 - Directa .……………………………….……….………………………………………………………..…………… 104 - Dukascopy Bank …………..…………………………………………………………………………..….……… 106 - ETF Securities .….……………..……………………………………………………………………..…..……… 108 - Factset ……………………………………………………………..…………………………….……...……… 110 - FIDA - Finanza Dati Analisi ……….………………………………………………………………………….. 112 - Finimmo ………………………………………………………………………………………………………………. 114 - Finlabo ………….…………………………….……….……………………………………………………………… 116 - GAM ………………………………………………………………………………………………………………… 118 - Gamma Capital Markets …………………………………………………………………………………… 120 - IG ……………………………..……………………….………………………………………………………..…… 122 - ING ……………………………………………………………………………… 124 - LaMiaFinanza.ch …………………………………………....…………………………………………………... 126 - Lapis Asset Management ……………..………………………………………….……………………………. 128 - Lombard Odier Investment Managers …..…………..………………………………………….…… 130 - M&G Investments …….…………………………………………………………….…………………………… 132 - ………..……….……………………………………………………………………….…… 134 - Global Asset Management ..……………………………………………………………….…… 136 - Oneworld – Oneworld Mideast …………………………………………………………………………... 138 - Portfolio Lab Investments ..………….……………………………………………………………………… 140 - Raiffeisen Capital Management ……..…………………………………..……………………………… 142 - RBC Global Asset Management ……………………………………………………………………..…… 144 - …….…………………..………………………………………………………………………………… 146 - Selectra ………………………………………………………………………………………………...... 148 - Selectra J. Lamarck Biotech …………………………………………………………………………………. 150 - SFAMA – Swiss Funds & Asset Management Association …..…………………………… 152 - SIX Stock Exchange …………………………………………………………………………………………….. 154 - Steiner Consulting ………………………………………………………………………………………………. 156 - Swiss & Global Asset Management ………..………………………….…………………………….…. 158 - ……………………………………………………………………………………………………..…. 160 - T. Rowe Price ………………………………………………………………………………………….…….… 162 - UBP - Union Bancaire Privée …..……………………………………….…………………………….…… 164 - UBS …………………………………………………………………………………………………………………..… 166 - World Dynamic Fund Sicav ………………………………………………………………………………..… 168

5 Percentages indicate the Total Expense Ratio (TER) and Annual Management World Equity Charge (AMC). UK Equity 0.10% 0.20%

Swiss Equity 0.10%

Europe Equity 0.10%

US Equity 0.07%

Japan Equity 0.20% CHF Corporate Pacific Bonds Emerging ex Japan 0.15% Market Equity 0.20% Equity 0.25% HELP YOUR CLIENTS KEEP MORE OF WHAT THEY EARN WITH LOW COSTS. We understand that managing costs is top of mind. That’s why we designed the iShares Core Series. Nine of the most popular equity and exposures give you the flexibility to create tailored core portfolios. The low fees mean your clients keep more of what they earn. iShares by BlackRock, trusted to manage more money than any other investment firm in the world*.

*With (AUM) of USD 4.3bn on 31/12/2013. BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. The funds of the iShares Core Series are domiciled in Switzerland and in Ireland. TER figures are shown for all Ireland domiciled funds, which include: iShares Core MSCI Emerging Markets IMI UCITS ETF, iShares Core MSCI World UCITS ETF, iShares Core FTSE 100 UCITS ETF, iShares Core STOXX 50 UCITS ETF, iShares Core S&P 500 UCITS ETF, iShares Core MSCI Japan IMI UCITS ETF and iShares Core MSCI Pacific ex-Japan UCITS ETF. AMC figures are shown for all Swiss domiciled funds which include: iShares Core CHF Corporate Bond and iShares Core SPI® (CH). The AMC is the charge levied by BlackRock for managing an . The management fee can also include other items such as investor relations expenses and the administration costs of the fund. TER: A measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the TER. In respect of the registered funds, BlackRock Asset Management Schweiz AG, 39, 8001 Zurich, is the Swiss Representative and JPMorgan , National Association, Columbus, Zurich branch, Dreikönigstrasse 21, 8002 Zurich, the Swiss Paying Agent of the fund. The Prospectus, Key Investor Information Document, the Articles of Incorporation, the latest and any previous annual and semi-annual reports of the Fund are available free of charge from the Swiss representative. The Swiss paying agent for the fund is Credit Suisse AG, Paradeplatz 8, 8001 Zurich, and all its branches in Switzerland. Investors should read the fund specific risks in the Key Investor Information Document and the Prospectus. © 2014 BlackRock, Inc. All Rights reserved. Ref: 18761 Welcome from Ticino Authorities Franco Citterio President of Ticino For Finance

Ladies and gentlemen,

As Chairman of Ticino for Finance, I would like to welcome you to the canton of Ticino. Here you will find a financial sector that is undergoing a period of major change. , which has traditionally been the main driver of growth for our country’s financial sector, is and will remain in future the cornerstone of Ticino’s market. Indeed, the skills, relationships and expertise that have been developed over the last 50 years represent a competitive advantage that the industry can cultivate going forward, even amid a changing market environment. Despite this, there is growing recognition, both at national and local level, of the importance of diversifying our activities and markets in a way that complements the traditional business of . In this context, asset management has over time carved out a key role for itself at national level, experiencing continuous growth both in terms of the number of providers and all of the financial, legal and fiduciary services connected to this activity. We have witnessed this in Ticino too, observing over the last ten years the development of a large community of asset management companies which have contributed to injecting new dynamism into the local financial sector. It goes without saying that a financial sector with a long tradition can only consolidate its and authority on the European stage if it is able to modernise and keep pace with industry players’ requirements. . For this reason, in future our commitment will continue to focus on constantly improving the framework conditions in order to facilitate further development for the local asset management industry, as well as the growth of Ticino, Switzerland’s third-largest .

8 Unlocking alpha via FundLogic Alternatives UCITS Platform

Through its FundLogic Alternatives Platform, Morgan Stanley has established itself as one of the leading providers of alternative strategies in a UCITS format. Our goal is to leverage our financial expertise and network of alternative asset managers to identify the strategies best able to unlock alpha.

MS PSAM MS Algebris MS Claritas Long MS Ascend MS Alkeon MS SLJ Macro Global Event Global Financials Short Market Neutral UCITS Fund UCITS Fund UCITS Fund UCITS Fund UCITS Fund UCITS Fund

Event Driven Equity Long/Short Equity Long/Short Equity Long/Short Equity Long/Short Macro

MS Dalton MS Broadmark Salar Convertible MS TCW MS Nezu MS Kairos Enhanced Pacific Tactical Plus Absolute Return Unconstrained Cyclicals Japan Europe Selection UCITS Fund UCITS Fund Fund Plus Bond Fund UCITS Fund UCITS Fund

Equity Long/Short Macro Convertible Credit Equity Long/Short Equity Long/Short

MS QTI MS Lynx MS Long MS Turner MS Discretionary Indus Indus Select UCITS UCITS Term Trends Spectrum Plus UCITS PacifiChoice Asia Pacific Fund Fund UCITS Fund UCITS Fund Fund Asia Fund Fund

CTAs CTAs CTAs Equity Long/Short CTAs Equity Long/Short Long Only

FundLogic Alternatives gives you the opportunity to access experienced managers with solid track records, within the highest levels of transparency and liquidity with the following key features:

X Robust operating framework X Solid X Powerful distribution network

To find out more, please visit us at www.fundlogic.com

Issued and approved by Morgan Stanley & Co. International plc (25 Cabot Square, , London E14 4QA), authorised and regulated by the Financial Services Authority. This document is intended exclusively for use by and is directed to Eligible Counterparties and Professional Clients. The funds mentioned in this document have been authorised for the purposes of their distribution to investors in Italy. This document has been prepared solely for informational purposes and is not an offer to buy or sell any financial instrument or participate in any . Before making any decision on the investment, please read carefully the offering documentation with particular attention to the risk factor section, describing the risks associated with these products. It does not constitute investment research and is not a product of Morgan Stanley’s Research Department. © 2014 Morgan Stanley. All rights reserved. Today, setting up in Ticino means becoming part of a Ticino Swiss Tailor Made Finance is the dynamic, global financial hub and experiencing a lifestyle platform created by Ticino for Finance that fully reflects the high standard of living for which to promote the establishment of high value added financial activities in the Switzerland has become known. This will be even more Canton of Ticino. Founded at the the case in future, when we expect Switzerland’s most initiative of the Ticino Canton Finance southerly canton to become the ideal place to live and and Economics Department and the provide top-level financial services. Ticino Banking Association, Ticino for Finance has institutional partners as Another contribution to future growth comes from its members, and acts in a manner not interesting events such as Fund Forum, which has over bound by special interests and purely time proved its ability to bring together in Lugano commercial considerations. Ticino for speakers from around the world, as well as a rich Finance's purpose is to establish itself community of international and national industry as a link to public and private partners players, and serve as a forum for dialogue. We at Ticino for financial operators that are interested in considering the Canton of Finance, along with all the institutions that make up our Ticino as a possible location for their association, hope that the event in Lugano can make a businesses. The association supports valuable contribution to your businesses and therefore professionals that are considering to the Ticino financial sector as a whole. locating their business in Ticino by organizing ad hoc meetings for a preliminary assessment of possible options, guiding them in their initial approach to Switzerland and Ticino, and putting them in touch with specialists who can provide the specific information necessary to evaluate possibly locating in our Canton.

Ticino for Finance P.O. Box 93 CH-6943 Vezia Tel. +41 91 961 65 55 www.ƚŝcinŽforfinance.ch

10

Welcome to the Lugano Fund Forum 2014 By Jean-Claude Trichet, special guest speaker 2014

I wish to make my personal “welcome” to all the delegates attending this fourth edition of Lugano Fund Forum, and, with your permission, I would like to give you my immodest advice: we have all to prepare ourselves in our careers for extraordinary events.

If I take my own case, I have had several times the sentiment that I was experiencing things that were unthinkable before … unthinkable for me but also for the consensus of the international community. I saw the ruins of Berlin after the second world war … and now is the capital of the main European economy. I negotiated at the Paris Club with President Gorbaciov for the Soviet Union debt … and today there are more billionaire in Moscow than in . I have negotiated with at the time of bicycles when not a single skyscraper was built … and today all can see the prodigious of Chinese cities. I started my career as an economist with an Olivetti typing- machine … and today I’m lost without my smart phone. You will see things that are absolutely extraordinary!

Therefore, I think that, bearing this in our minds and hearts, we should never think that things cannot improve or going better, but we should actively all work to make these changes to take place. For this reason, I wish all of you a pleasant and rewarding experience during this Forum in the hope that our work will contribute towards leaving a better world to us and our children.

Finally, just a special thank to Riccardo Esposito, promoter of the Lugano Fund Forum, who gave me this opportunity to come to Lugano and participate as keynote speaker at this growing event. I wish Riccardo and his staff a successful event in all the years to come. Thanks!

Jean-Claude Trichet (former President of European )

12

Welcoming Statement to the Delegates of the Lugano Fund Forum 2014 By Dominick Salvatore (Web: www.fordham.edu/economics/salvatore)

Recovery from the recent global has been slow and uneven, and the world economy seems to be entering a new slower growth “normal”. Growth in the United States has resumed but it is slower than in the decade before the crisis, and Europe and Japan face anemic growth or even stagnation and deflation. Growth has also slowed in most emerging market economies, including China and India. Although the current slowdown in economic growth is attributed to the recent global financial crisis, there seem to be other deeper fundamental forces at work. It is true that the recent crisis was deeper than any previous economic crisis since the Great Depression and that economic crises that result from or are accompanied by a banking crisis (like the recent one) are more difficult to overcome and involve slower recoveries. But after seven years since the beginning of the crisis the feeling persists (because of very high unemployment rates, stagnating wages, rising income inequality and declining commodity prices) in most countries that the crisis is not over yet. The United States and other advanced nations responded to the “great recession” by rescuing and other financial institutions from bankruptcy, slashing interest rates, introducing huge economic stimulus packages, and undertaking huge injections of liquidity (). These efforts, however, only succeeded in preventing the economic recession from being deeper than otherwise and the subsequent recovery to be even slower than it would otherwise have been. Structural reforms seem to be needed in most nations (including and even United States) to return to rapid growth. But structural reforms are difficult to do when economies are not doing well -- especially because the costs of reforms are incurred immediately while the benefits arise only with a lag. Nevertheless, the more reforms are delayed the longer it will be before they will bear fruits (stimulate growth). Future growth prospects over the next months and years are of crucial importance for investors, central bankers and top government officials. The Lugano Fund Forum intends to provide a deep and extensive analysis of the possible evolution of the world economy (when, where and how rapid growth is likely to resume).

I look forward to personally welcome you at the Forum. Sincerely,

Dominick Salvatore 14 SOME ALTERNATIVES ARE BRIGHTER THAN OTHERS.

BANOR SICAV NORTH AMERICA LONG SHORT EQUITY 1° classificato Mondo Alternative Awards 2014 Miglior fondo Alternative Long / Short Equity USA nel 2013*

Prima dell’adesione leggere il Prospetto i KIID disponibili sul sito WWW.BANORSICAV.COM e presso i collocatori autorizzati. I rendimenti passati non sono indicativi di quelli futuri.

*Il Premio MondoAlternative Awards 2014 è riferito al comparto Banor Sicav - North America Long Short Equity - C - EUR. Per i criteri di assegnazione consultare il sito: www.mondoalternative.com

Pagina A4 selected.indd 3 03/03/2014 13:22 www.clubinticino.ch th November monday

17 PROGRAM – Monday 24th November Conference Room A (Auditorium)

9:45 Welcome & introduction on the opportunities of the Ticino financial center 10:15 FRANCO CITTERIO (President - Ticino for Finance) 10:15 Risk Factor Allocation: A New Investment Paradigm? 11:00 THOMAS MERZ (Head ETF Europe - UBS) 11:00 Rethinking 11:45 AHMED TALHAOUI (Head of the EMEA Fixed Income Strategy - Blackrock) 11:45 Economic, Fiscal and Financial governance of the Euro Area. What went wrong? What did we do to fix it? What should we do in the medium long 13:00 term ? JEAN-CLAUDE TRICHET (former President – ) LUNCH BREAK ETPD Welcome speech ALAIN PICARD (Head Product Management - SIX Swiss Exchange) Stream ANDRÉ BUCK (Head Sales - SIX Structured Products) by SIX Sponsored Funds OLIVER HEUSSER (Head Funds Secondary Trading – Bank Julius Baer & Co.)

14:00 Pension solutions 16:00 MICHAEL KOELLIKER (Structured Asset Management - Leonteq Securities)

PANEL: Challenges, innovations & trends associated with passive investment products Moderator: MARTIN RAAB (Managing Editor - Partners) -CLAUDIO TOPATIGH (Head Sales Structured Products-Notenstein Privatbank) - REDA ZEBDI (Vice President - iShares) - BENOIT GARCIA (Head of Sales ETF & Indexing, Switzerland – ) -ERIC BLATTMANN (Head of Public Distribution Fin. Products -Bank Vontobel)

Where are the world economy and financial markets going? DOMINICK SALVATORE (Professor of Economics - Fordham University in NY)

Simultaneous translation provided by 18 PROGRAM – Monday 24th November

Conference Room A (Auditorium)

16:00 Asset Backed Securities 16:45 ROBERT WAKIYAMA (Fund Manager - Credit Suisse) 16:45 Opportunities in the Hybrid Bond space JOËL SUTER ( - Crossinvest) 17:15 SERGIO ATTILI (Investment Advisor - Independent Capital Advisor) PANEL: and Beyond: how to best capture return premiums in a risk-balanced diversified portfolio? 17:15 -Moderator: ANDREAS STEINER (Andreas Steiner Consulting GmbH) 18:15 -PETER SCHLAGBAUER (Fund Manager Multi Asset Solutions - Raiffeisen CM) -PAOLO CAVATORE (Fund Manager - Banca Zarattini & Co.) -AURÈLE STORNO (Head of the Asset Allocation Team – Lombard Odier Investment Managers) -URS SCHUBIGER (CIO - 1741 Asset Management) 18:15 19:30 LFF Cocktail sponsored by

Simultaneous translation provided by 19 PROGRAM – Monday 24th November

Conference Room B

9:30 PANEL: Luxembourg Funds, Services and Solutions: Opportunities for Italy and Ticino 10:10 Moderator: WALTER SNYDER (Ticino Representative for Finimmo Lux. &FLAG) MARGHERITA BALERNA BOMMARTINI (CFO - Casa4Funds) LUCA P. COMPARATO (Managing Partner - Phoenix Investment Managers) MICHEL LEGLER (Partner - Crédit Privé de Placement e d`Intermédiation) 10:10 PANEL: Perchè domiciliare fondi a ? I vantaggi e la testimonianza di un operatore del Ticino 10:45 Moderatore SIMONE MENEGHINI (Head Repr. Office, Milan - Bank of Valletta) JOSEPH CAMILLERI (Head Business Development - Valletta Fund Services) ANDREW MANDUCA (Chairman - Deloitte Malta) MASSIMO PAOLO GENTILI (Founder - Gentili & Partners) LETIZIA GRAZIANI (Investment Compliance and Risk Manager - Pharus Mgmt ) 10:45 PANEL: Amicorp Fund Services: Domiciles for Funds and Fund Managers – Key challenges and opportunities 11:15 GIANLUCA TADIELLO - Introduction RUDOLPH PSAILA - Malta - Pole position for funds and fund managers CLAUDIO CECCHINI - Why Asset Managers should consider Caribbean jurisdictions GIUSEPPE RIZZO - Luxembourg - Launch your own fund within an AIFMD compliant platform

11:15 Representation of Foreign Collective Investment Schemes in Switzerland 12:00 WALTER KELLER (Head of Foreign Fund Representation - BNP Paribas) LUNCH BREAK

20 PROGRAM – Monday 24th November

Conference Room B

SFAMA Session

Swiss Asset Management Initiative – Where we are, where we go MARKUS FUCHS (Managing Director – SFAMA) 14:00 Federal Financial Services Act (FFSA) + Financial Institutions Act (FinIA) – 16:15 Wrapping the asset management DIANA IMBACH HAUMÜLLER (Senior Legal Counsel – SFAMA)

SFAMA Directive on Transparency + SFAMA Directive on Distribution - Impact on representatives and distributors THOMAS ZIMMERLI (Senior Legal Counsel – SFAMA) 16:15 Casa4Funds third party management company: your gateway to Luxembourg MARGHERITA BALERNA BOMMARTINI (Swiss Branch Manager – Casa4Funds) 16:55 16:55 Dubai a true financial centre Cyprus for International Business 17:40 SAVVAS SHIATIS (Director - Oneworld, Cyprus) COSTAS IOANNOU (CEO - Oneworld MidEast, Dubai) 18:15 19:30 LFF Cocktail sponsored by

21 PROGRAM – Monday 24th November

Conference Room C

9:40 Il lato oscuro dei benchmarks GIOVANNI BOTAZZI (Author of studies concerning market statistical topics) 10:20 10:20 European Economy between deflation risk and stimulus hope: what strategy for European Equity Market? 11:00 ALESSANDRO GUZZINI (CEO - Finlabo) 11:10 Outlook 2015 on the main currencies 11:45 PETER ROSENSTREICH (Market Strategy – Swissquote) LUNCH BREAK 14:00 L'approccio sistematico EBPA® (Evidence Based Portfolio): casualità no grazie! 14:35 RICCARDO AMBROSETTI (CEO & Founder - Ambrosetti AM) 14:35 Target Strategy: a practical application to ETFs and ETCs 15:10 DANIELE BERNARDI (Chairman - Diaman Sicav) 15:10 Beta intelligente o diversificato? Da una monarchia a una democrazia degli indici – Come e perché 15:45 ROBERTO E. FORTE (Director Institutional Clients - 1741 Asset Management) 15:45 FIDAworkstation: strumenti di gestione portafoglio e controllo del rischio 16:20 LUCA LODI (Head of Research - FIDA Finanza Dati Analisi) 16:20 Megatrend Forex Robot 17:00 PIETRO PACIELLO (Founder - Uptrend Advisory) Sponsored by ActivTrades 17:00 Bitcoin e blockchain-technologies: una nuova economia? GIACOMO ZUCCO (Bitcoin consultant) 18:00 18:15 LFF Cocktail sponsored by 19:30

22 Exceed expectations

The CAIA Charter tells your clients and industry regulators you have the knowledge you need to navigate the complex world of alternative investing. Earn the Charter and earn the credibility you need for success. Registration for the March 2015 exams is now open. Find out more at CAIA.org.

Untitled-2 1 10/23/2014 1:33:22 PM “The diversity of students Founded in 1969, Franklin University Switzerland is an at Franklin helps create an English-speaking Swiss- and US-accredited, private, non- intellectually stimulating profit university based in Lugano. environment in the class- room. This makes teaching The university offers foundation programs, undergraduate and learning both challenging and graduate degrees, and summer courses in a highly and rewarding.“ international and cross-cultural academic learning environment. Poulomi Dasgupta » Art History » Economics Assistant Professor » Banking » History of Economics and » Communications » International Management Finance » Environmental Studies » International Relations » Finance » Literature » » VISIT OUR CAMPUS Foreign Languages Psychology Discover the unique advantages FUS students come from over 50 different countries to of a Franklin education enjoy the advantages of living and studying in a beautiful, international setting strategically located right at the heart Call +41 91 986 36 13 or email of Europe. [email protected] to arrange for a campus tour and presentations in And thanks to the university‘s Academic Travel program, English. studying at Franklin doesn’t mean just studying in www.fus.edu/visit Switzerland, but throughout the world.

Franklin University Switzerland, Via Ponte Tresa 29, 6924 Sorengo (Lugano), Switzerland www.fus.edu th November tuesday

25 PROGRAM – Tuesday 25th November

Conference Room A (Auditorium)

9:30 Emerging Market Debt: Smoke But No Fire 10:15 EDWIN GUTIERREZ (Head of Emerging Market Sovereign Debt- Aberdeen AM) 10:15 Active asset allocation – why now? GREGOR HIRT (Chief Investment Officer Europe & Switzerland, Global 11:00 Investment Solutions - UBS Global Asset Mgmt) 11:00 Credit Suisse Market Outlook 11:45 ANJA HOCHBERG (CIO Switzerland & Europe - Credit Suisse) PANEL: The Euro and the future equilibrium with other currency systems Moderator: DOMINICK SALVATORE (Professor of Economics - Fordham University in NY) 11:45 - JEAN-CLAUDE TRICHET (former BCE President) 13:00 - EDWIN GUTIERREZ (Senior Investment Manager - Aberdeen AM) - BRUNO ROVELLI (Head of Investments Advisory, Milan - BlackRock) - ANJA HOCHBERG (CIO Switzerland & Europe - Credit Suisse) - GREGOR HIRT (CIO - UBS Global Asset Mgmt) LUNCH BREAK 14:00 Not All Emerging Emerging Markets are Created Equal! MARK MONSON (Senior Fund Manager Emerging Markets - Raiffeisen Capital 14:45 Mgmt) 14:45 Rates & FX: Double Digit Returns in a Low Yield Environment 15:30 ADRIAN OWENS (Investment Director - GAM) 15:30 The best of both worlds - seeking superior opportunities in High Grade and High Yield Credit: The crossover segment BBB-BB (5B) 16:15 KEVIN CORRIGAN (Head of Credit Mgmt - Lombard Odier) 16:15 PANEL: The online trading market in Switzerland Introduction: MARIO VALENTINO GUFFANTI (Vice President - SAMT) 17:15 Moderator: ALBERTO VIVANTI (Vice President - SAMT) VITTORIO CORNARO (Executive Vice President - CornerTrader) CARLO ALBERTO DE CASA (Senior Analyst - ActivTrades) FOUAD BAJJALI (CEO - IG Bank)

Simultaneous translation provided by 26 PROGRAM – Tuesday 25th November

Conference Room B

9:30 Mitigating risk and downside protection JEROME NUNAN (Investment Director Multi-Asset and Equities - Aviva 10:10 Investors)

10:10 Be ready to face any interest rate environment 10:50 ALAN CAUBERGHS (Investment Director Fixed Income – Schroders) 11:10 JB Absolute Return Europe Equity: un vero e proprio fondo “equity market neutral” 11:40 DÉSIRÉE MÜLLER (Portfolio Manager - Swiss & Global Asset Management ) 11:40 Italia a passo di lumaca – per quanto ancora la ripresa rimarrà un miraggio? LUCA MEZZOMO (Head of Macroeconomic & Fixed Income Research - Intesa 12:20 Sanpaolo) LUNCH BREAK 14:00 A positive yield potential for all market environments 14:45 BLAISE RODUIT (Senior Portfolio Manager - Swisscanto) 14:45 L’uso di Fondi UCITS Alternativi nella Gestione del Portafoglio 15:30 FEDERICO FOGLIETTA (Vice President - Morgan Stanley) 15:30 PANEL: Absolute Return Strategies Moderator: GIANLUCA BALDINI (Managing Editor - Blue Financial 16:15 Communication) - ENRICO CAMERA (Senior Fund Manager - GAM) - WILL NEF (Fund Manager – UBP) - DANILO CALVI (Founding Partner - Portfolio Lab Investments)

27 PROGRAM – Tuesday 25th November

Conference Room C

9:45 Dukascopy Bank SA - Swiss FX Marketplace JACQUES SALE (Head of Sales for the Italian Market – Dukascopy Bank) 10:30 CLAUDIO GATTA (Business Development Manager – Dukascopy Bank) VLAD YERMAKOFF (Institutional & Business Dev. Manager – Dukascopy Bank) 10:30 Asset allocation conditional to business cycle and macro uncertainty 11:15 MAURIZIO LUISI (Market Specialist - Bloomberg) 11:15 L’utilizzo delle opzioni nelle gestioni patrimoniali: copertura dei rischi o altre opportunità? 12:00 STEFANO ZANCHETTA (CEO – Cube Finance) LUNCH BREAK 14:00 Investire nella Rivoluzione Energetica Americana 14:40 SIMONA GAMBARINI (Research Analyst - ETF Securities) 14:45 Ottimizzazione di portafoglio antifragile, a prova di "cigni neri" 15:30 RICCARDO DONATI (Founder - Redexe Risk & Finance) Sponsored by ActivTrades

28 SEE A DIFFERENT SIDE TO TRADING IT ADDS UP WITH IG

Trade on 10,000 markets – whichever way they turn – with IG, a global leader in CFD trading. Benefi t from rising and falling prices at IG.com

IG.com

INDICES | SHARES | FOREX | | BINARIES 2014 speakers

30 IDEE EVOLUTE PER AFFRONTARE I MERCATI DI OGGI

INVESTIRE OGGI RICHIEDE UNA PROSPETTIVA DIFFERENTE Volatilità. Incertezza. Un contesto in continuo cambiamento. Le sfide sono di grande portata. I paradigmi finanziari del passato non sono più applicabili. È tempo di ripensare il modo di investire e di chiedersi “Come fare...?” Come fare a conciliare la volatilità sul breve periodo con un orizzonte d’investimento di lungo termine? Come fare a capirne di più per adottare decisioni più pertinenti? Come fare a raggiungere i propri obiettivi in ogni circostanza? La risposta è adottare una prospettiva differente. La risposta è Durable Portfolio Construction®*. Basta chiedersi “Come fare...?”

TROVA SU DURABLEPORTFOLIOS.IT LE NOSTRE SOLUZIONI PER RIMANERE PROTAGONISTA DELLE TUE SCELTE D’INVESTIMENTO DI LUNGO PERIODO. NUMERO VERDE: 800 131 866.

*Costruzione di Portafogli Durevoli Natixis Global Asset Management è la società capogruppo di una serie di società specializzate nella gestione e distribuzione a livello mondiale. PRIMA DELL’ADESIONE, LEGGERE IL PROSPETTO A DISPOSIZIONE PRESSO I COLLOCATORI. ADINT600-1114

ADINT600-1114 Milan DPC Ads - Resize Lugano_F.indd 1 11/7/14 1:13 PM SPECIAL GUEST SPEAKERS

JEAN-CLAUDE TRICHET (Former President – European Central Bank) November 24th, 2014 (11:45 - 13:00) Auditorium Economic, Fiscal and Financial governance of the Euro Area. What went wrong? What did we do to fix it? What should we do in the medium long term ?

November 25th, 2014 (11:45 - 13:00) Auditorium PANEL: The Euro and the future equilibrium with other currency systems

DOMINICK SALVATORE (Professor of Economics - Fordham University in NY) November 24th, 2014 (14:00 - 16:00) Auditorium ETPD Stream - Where are the world economy and financial markets going?

November 25th, 2014 (11:45 - 13:00) Auditorium PANEL: The Euro and the future equilibrium with other currency systems

SPEAKERS

Riccardo Ambrosetti (CEO & Founder - Ambrosetti Asset Management) November 24th, 2014 (14:00 - 14:35) Conference Room C L'approccio sistematico EBPA® (Evidence Based Portfolio): casualità no grazie!

Sergio Attili (Investment Advisor - Independent Capital Advisor) November 24th, 2014 (16:45 - 17:15) Auditorium Opportunities in the Hybrid Bond space

Fouad Bajjali (CEO - IG Bank) November 25th, 2014 (16:15 - 17:15) Auditorium PANEL: The online trading market in Switzerland

Gianluca Baldini (Managing Editor - Blue Financial Communication) November 25th, 2014 (15:30 - 16:15) Conference Room B PANEL: Absolute Return Strategies

Margherita Balerna Bommartini (Head of Operations and Swiss Branch Manager - Casa4funds) November 24th, 2014 (9:30 - 10:10) Conference Room B PANEL: Luxembourg Funds, Services and Solutions: Opportunities for Italy and Ticino

November 24th, 2014 (16:15 - 16:55) Conference Room B Casa4Funds third party management company: your gateway to Luxembourg

Daniele Bernardi (Chairman - Diaman Sicav) November 24th, 2014 (14:35 - 15:10) Conference Room C Target Strategy: a practical application to ETFs and ETCs

32 ERIC BLATTMANN (Head of Public Distribution Fin. Products -Bank Vontobel) November 24th, 2014 (14:00 - 16:00) Auditorium ETPD Stream - Panel: Challenges, innovations & trends associated with passive investment products

GIOVANNI BOTAZZI (Author of studies concerning market statistical topics) November 24th, 2014 (9:40 - 10:20) Conference Room C Il lato oscuro dei benchmarks

ANDRÉ BUCK (Head Sales - SIX Structured Products) November 24th, 2014 (14:00 - 16:00) Auditorium ETPD Stream - Welcome speech

DANILO CALVI (Founding Partner Portfolio Lab Investments) November 25th, 2014 (15:30 - 16:15) Conference Room B PANEL: Absolute Return Strategies

ENRICO CAMERA (Senior Fund Manager GAM) November 25th, 2014 (15:30 - 16:15) Conference Room B PANEL: Absolute Return Strategies

JOSEPH CAMILLERI (Head Business Development - Valletta Fund Services) November 24th, 2014 (10:10 - 10:45) Conference Room B PANEL: Perchè domiciliare fondi a MALTA? I vantaggi e la testimonianza di un operatore del Ticino

ALAN CAUBERGHS (Investment Director Fixed Income – Schroders) November 25th, 2014 (10:10 - 10:50) Conference Room B Be ready to face any interest rate environment

PAOLO CAVATORE (Fund Manager - Banca Zarattini & Co.) November 24th, 2014 (17:15 - 18:15) Auditorium PANEL: Risk Parity and Beyond: how to best capture return premiums in a risk-balanced diversified portfolio?

CLAUDIO CECCHINI November 24th, 2014 (10:45 - 11:15) Conference Room B Why Asset Managers should consider Caribbean jurisdictions

FRANCO CITTERIO (President - Ticino for Finance) November 24th, 2014 (9:45 - 10:15) Auditorium Welcome & introduction on the opportunities of the Ticino financial center

LUCA P. COMPARATO (Managing Partner - Phoenix Investment Managers) November 24th, 2014 (9:30 - 10:10) Conference Room B PANEL: Luxembourg Funds, Services and Solutions: Opportunities for Italy and Ticino

33 UBP Investment Management cattura le opportunità dei mercati per offrire soluzioni di investimento innovative capaci di eccellere nel tempo.

UNION BANCAIRE PRIVÉE (EUROPE) S.A., SUCCURSALE DI MILANO Indirizzo: Via Monte di Pietà n. 21 | I – 20121 Milano | Tel. +39 02 86 33 73 21 | Fax +39 02 86 33 74 00 Union Bancaire Privée (Europe) S.A. | Sede sociale 287-289 route d’Arlon | L-1150 Luxembourg | www.ubp.com VITTORIO CORNARO (Executive Vice President – CornerTrader) November 25th, 2014 (16:15 - 17:15) Auditorium PANEL: The online trading market in Switzerland

KEVIN CORRIGAN (Head of Credit Mgmt - Lombard Odier) November 25th, 2014 (15:30 - 16:15) Auditorium The best of both worlds - seeking superior opportunities in High Grade and High Yield Credit: The crossover segment BBB-BB (5B)

CARLO ALBERTO DE CASA (Senior Analyst - ActivTrades) November 25th, 2014 (16:15 - 17:15) Auditorium PANEL: The online trading market in Switzerland

RICCARDO DONATI (Founder - Redexe Risk & Finance) November 25th, 2014 (14:45 - 15:30) Conference Room C Ottimizzazione di portafoglio antifragile, a prova di "cigni neri" - Sponsored by ActivTrades

FEDERICO FOGLIETTA (Vice President - Morgan Stanley) November 25th, 2014 (14:45 - 15:30) Conference Room B L’uso di Fondi UCITS Alternativi nella Gestione del Portafoglio

ROBERTO E. FORTE (Head Sales Switzerland & Italy - 1741 Asset Management) November 24th, 2014 (15:10 - 15:45) Conference Room C Beta intelligente o diversificato? Da una monarchia a una democrazia degli indici – Come e perché

MARKUS FUCHS (Managing Director – SFAMA) November 24th, 2014 (14:00 - 16:15) Conference Room B Swiss Asset Management Initiative – Where we are, where we go

SIMONA GAMBARINI (Research Analyst - ETF Securities) November 25th, 2014 (14:00 - 14:40) Conference Room C Investire nella Rivoluzione Energetica Americana

BENOIT GARCIA (Head of Sales ETF & Indexing, Switzerland – Amundi) November 24th, 2014 (14:00 - 16:00) Auditorium ETPD Stream - Panel: Challenges, innovations & trends associated with passive investment products

CLAUDIO GATTA (Business Development Manager – Dukascopy Bank) November 25th, 2014 (9:45 - 10:30) Conference Room C Dukascopy Bank SA - Swiss FX Marketplace

MASSIMO PAOLO GENTILI (Founder - Gentili & Partners) November 24th, 2014 (10:10 - 10:45) Conference Room B PANEL: Perchè domiciliare fondi a MALTA? I vantaggi e la testimonianza di un operatore del Ticino

35 DISCOVER THE BROAD SERVICE PORTFOLIO OF A SWISS BANK COME VISIT US AT BOOTH A06 · Trading · Forex · ePrivate Banking · Asset Manager Tools www.swissquote.ch

Inserat_148x210_Lugano_Fund_Forum.indd 1 13.11.14 14:54 LETIZIA GRAZIANI (Investment Compliance and Risk Manager - Pharus Mgmt ) November 24th, 2014 (10:10 - 10:45) Conference Room B PANEL: Perchè domiciliare fondi a MALTA? I vantaggi e la testimonianza di un operatore del Ticino

MARIO VALENTINO GUFFANTI (Vice President - SAMT) November 25th, 2014 (16:15 - 17:15) Auditorium PANEL: The online trading market in Switzerland - Introduction t

EDWIN GUTIERREZ (Head of Emerging Market Sovereign Debt- Aberdeen AM) November 25th, 2014 (9:30 - 10:15) Auditorium Emerging Market Debt: Smoke But No Fire

November 25th, 2014 (11:45 - 13:00) Auditorium PANEL: The Euro and the future equilibrium with other currency systems

ALESSANDRO GUZZINI (CEO - Finlabo) November 24th, 2014 (10:20 - 11:00) Conference Room C European Economy between deflation risk and stimulus hope: what strategy for European Equity Market?

OLIVER HEUSSER (Head Funds Secondary Trading – Bank Julius Baer & Co.) November 24th, 2014 (14:00 - 16:00) Auditorium ETPD Stream - Sponsored Funds

GREGOR HIRT (Chief Investment Officer Europe & Switzerland, Global Investment Solutions - UBS Global AM) November 25th, 2014 (10:15 - 11:00) Auditorium Active asset allocation – why now?

November 25th, 2014 (11:45 - 13:00) Auditorium PANEL: The Euro and the future equilibrium with other currency systems

ANJA HOCHBERG (CIO Switzerland & Europe - Credit Suisse) November 25th, 2014 (11:00 - 11:45) Auditorium Credit Suisse Market Outlook

November 25th, 2014 (11:45 - 13:00) Auditorium PANEL: The Euro and the future equilibrium with other currency systems

DIANA IMBACH HAUMÜLLER (Senior Legal Counsel – SFAMA) November 24th, 2014 (14:00 - 16:15) Conference Room B Federal Financial Services Act (FFSA) + Financial Institutions Act (FinIA) – Wrapping the asset management

COSTAS IOANNOU (CEO - Oneworld MidEast, Dubai) November 24th, 2014 (16:55 - 17:40) Conference Room B Dubai a true financial centre

WALTER KELLER (Head of Foreign Fund Representation - BNP Paribas) November 24th, 2014 (11:15 - 12:00) Conference Room B Representation of Foreign Collective Investment Schemes in Switzerland

37

Are you ready for a change ?

We are !

GESTORI PATRIMONIALI WEALTH MANAGEMENT VERMÖGENSVERWALTER WEALTH MANAGEMENT dal 1962. since 1962. seit 1962. since 1962. Financial advisor SCOFID FIDUCIARIA SA SCOFID FIDUCIARIA SA SCOFID FIDUCIARIA SA SCOFID FIDUCIARIA SA opera oggi attraverso operates now through verwaltet heute Vermögen заботится в третьем поко- la terza generazione, the third generation, in der dritten Generation, лении о наших simbolo di continuità, which means conti- ein Zeichen der Kontinuität клиентах , которые a dimostrazione della nuity, a demonstration und ein Beweis der довольны качеством soddisfazione della of satisfaction of our Zufriedenheit unserer наших услуг. На nostra clientela che in customers who in all Kunden, die in all diesen протяжении всех этих лет tutti questi anni ha these years have Jahren von der Qualität оперативность позволила approfittato della qualità taken advantage of the unserer Dienste нам реализовать желания dei nostri servizi. quality of our services. nutzen gezogen haben. наших клентов и La flessibilità operativa The operational Die operative Flexibilität приумножить их ci permette di essere flexibility permits us to erlaubt es uns auf allen капиталы. Принимаем attivi sulle maggiori be present on the main grossen Finanzplätzen, активное участие в piazze finanziarie, Financial Centers, also auch als Finanzberater, работе крупных anche quali consiglieri, as advisors, in order to tätig zu sein und dies um финановых центров для per assecondare ogni meet any possible allen möglichen реализации любых possibile necessità indi- personal need. Notwendigkeiten индивидуальных viduale. Lʼindipendenza The independence nachkommen zu können. потребностей. Наше gestionale e lʼattenzione and the attention Unsere Unabhängigkeit und преимущество это rivolta al cliente sono i given to our customers die Aufmerksamkeit für den независимость и nostri punti di forza. are our strengths. Kunden sind unsere Stärken. внимание к клиенту. Sempre alla ricerca Always striving Immer auf der Suche nach Мы стремимся всегда к dellʼeccellenza. for excellence. Vorzüglichkeit. совершенству!

SCOFID Fiduciaria SA - Riva Caccia 3 - C.P. 6001 - CH-6900 Lugano - Switzerland Tel. +41 91 9932124 - Fax. +41 91 9932153 - [email protected] - www.scofid.ch

• Gestione Patrimoniale • Wealth Management • Vermögensverwaltung • управление активами • Consulenze Finanziarie • Financial Consulting • Finanz-Beratungen • финансовые консультации • Amministrazioni • Administrations • Verwaltungen • администрация • Consulenze Immobiliari • Real Estate • Immobilien • консультации по недвижимости MICHEL LEGLER (Partner - Crédit Privé de Placement e d`Intermédiation) November 24th, 2014 (9:30 - 10:10) Conference Room B PANEL: Luxembourg Funds, Services and Solutions: Opportunities for Italy and Ticino

LUCA LODI (Head of Research - FIDA Finanza Dati Analisi) November 24th, 2014 (15:45 - 16:20) Conference Room C FIDAworkstation: strumenti di gestione portafoglio e controllo del rischio

MAURIZIO LUISI (Market Specialist - Bloomberg) November 25th, 2014 (10:30 - 11:15) Conference Room C Asset allocation conditional to business cycle and macro uncertainty

ANDREW MANDUCA (Chairman - Deloitte Malta) November 24th, 2014 (10:10 - 10:45) Conference Room B PANEL: Perchè domiciliare fondi a MALTA? I vantaggi e la testimonianza di un operatore del Ticino

SIMONE MENEGHINI (Head Repr. Office, Milan - Bank of Valletta) November 24th, 2014 (10:10 - 10:45) Conference Room B PANEL: Perchè domiciliare fondi a MALTA? I vantaggi e la testimonianza di un operatore del Ticino

THOMAS MERZ (Head ETF Europe - UBS) November 24th, 2014 (10:15 - 11:00) Auditorium Risk Factor Allocation: A New Investment Paradigm?

LUCA MEZZOMO (Head of Macroeconomic & Fixed Income Research - ) November 25th, 2014 (11:40 - 12:20) Conference Room B Italia a passo di lumaca – per quanto ancora la ripresa rimarrà un miraggio?

MARK MONSON (Senior Fund Manager Emerging Markets - Raiffeisen Capital Mgmt) November 25th, 2014 (14:00 - 14:45) Auditorium Not All Emerging Emerging Markets are Created Equal!

DÉSIRÉE MÜLLER (Portfolio Manager - Swiss & Global Asset Management ) November 25th, 2014 (11:10 - 11:40) Conference Room B JB Absolute Return Europe Equity: un vero e proprio fondo “equity market neutral”

WILL NEF (Fund Manager – UBP) November 25th, 2014 (15:30 - 16:15) Conference Room B PANEL: Absolute Return Strategies

JEROME NUNAN (Investment Director Multi-Asset and Equities - Aviva Investors) November 25th, 2014 (9:30 - 10:10) Conference Room B Mitigating risk and downside protection

40

ADRIAN OWENS (Investment Director - GAM) November 25th, 2014 (14:45 - 15:30) Auditorium Rates & FX: Double Digit Returns in a Low Yield Environment

PIETRO PACIELLO (Founder - Uptrend Advisory) November 24th, 2014 (16:20 - 17:00) Conference Room C Megatrend Forex Robot - Sponsored by ActivTrades

ALAIN PICARD (Head Product Management - SIX Swiss Exchange) November 24th, 2014 (14:00 - 16:00) Auditorium ETPD Stream - Welcome speech

RUDOLPH PSAILA November 24th, 2014 (10:45 - 11:15) Conference Room B Malta - Pole position for funds and fund managers

MARTIN RAAB (Managing Editor - Derivative Partners) November 24th, 2014 (14:00 - 16:00) Auditorium ETPD Stream - Panel: Challenges, innovations & trends associated with passive investment products

GIUSEPPE RIZZO November 24th, 2014 (10:45 - 11:15) Conference Room B Luxembourg - Launch your own fund within an AIFMD compliant platform

BLAISE RODUIT (Senior Portfolio Manager - Swisscanto) November 25th, 2014 (14:00 - 14:45) Conference Room B A positive yield potential for all market environments

PETER ROSENSTREICH (Market Strategy – Swissquote) November 24th, 2014 (11:10 - 11:45) Conference Room C Outlook 2015 on the main currencies

BRUNO ROVELLI (Head of Investments Advisory, Milan BlackRock) November 25th, 2014 (11:45 - 13:00) Auditorium PANEL: The Euro and the future equilibrium with other currency systems

JACQUES SALE (Head of Sales for the Italian Market – Dukascopy Bank) November 25th, 2014 (9:45 - 10:30) Conference Room C Dukascopy Bank SA - Swiss FX Marketplace

PETER SCHLAGBAUER (Fund Manager Multi Asset Solutions - Raiffeisen CM) November 24th, 2014 (17:15 - 18:15) Auditorium PANEL: Risk Parity and Beyond: how to best capture return premiums in a risk-balanced diversified portfolio?

41 URS SCHUBIGER (CIO - 1741 Asset Management) November 24th, 2014 (17:15 - 18:15) Auditorium PANEL: Risk Parity and Beyond: how to best capture return premiums in a risk-balanced diversified portfolio?

SAVVAS SHIATIS (Director - Oneworld, Cyprus) November 24th, 2014 (16:55 - 17:40) Conference Room B Cyprus for International Business

Moderator: WALTER SNYDER (Ticino Representative for Finimmo Lux. &FLAG) November 24th, 2014 (9:30 - 10:10) Conference Room B PANEL: Luxembourg Funds, Services and Solutions: Opportunities for Italy and Ticino

Moderator: ANDREAS STEINER (Andreas Steiner Consulting GmbH) November 24th, 2014 (17:15 - 18:15) Auditorium PANEL: Risk Parity and Beyond: how to best capture return premiums in a risk-balanced diversified portfolio?

AURÈLE STORNO (Head of the Asset Allocation Team – Lombard Odier Investment Managers) November 24th, 2014 (17:15 - 18:15) Auditorium PANEL: Risk Parity and Beyond: how to best capture return premiums in a risk-balanced diversified portfolio?

JOËL SUTER (Chief Investment Officer - Crossinvest) November 24th, 2014 (16:45 - 17:15) Auditorium Opportunities in the Hybrid Bond space

GIANLUCA TADIELLO November 24th, 2014 (10:45 - 11:15) Conference Room B Amicorp Fund Services: Domiciles for Funds and Fund Managers – Key challenges and opportunities

AHMED TALHAOUI (Head of the EMEA Fixed Income Strategy - Blackrock) November 24th, 2014 (11:00 - 11:45) Auditorium Rethinking Fixed Income

CLAUDIO TOPATIGH (Head Sales Structured Products-Notenstein Privatbank) November 24th, 2014 (14:00 - 16:00) Auditorium ETPD Stream - Panel: Challenges, innovations & trends associated with passive investment products

ALBERTO VIVANTI (Vice President - SAMT) November 25th, 2014 (16:15 - 17:15) Auditorium PANEL: The online trading market in Switzerland

ROBERT WAKIYAMA (Fund Manager - Credit Suisse) November 24th, 2014 (16:00 - 16:45) Auditorium Asset Backed Securities

42 SWISS & GLOBAL AM LFF 2014 STAND A33 Julius Baer Absolute Return Europe Equity Fund A true equity market-neutral fund.

25 November 2014, speech 11:10-11:40 a.m., conference room B

JB Absolute Return Europe Equity Fund - EUR C Since inception (30.09.2010 - 21.10.2014)

40%

JB Absolute Return Europe Equity Fund - EUR C 30% Dow Jones Euro STOXX 50 ICE EUR 3 Months 20%

10%

0%

-10%

-20%

-30% 09.2010 03.2011 09.2011 03.2012 09.2012 03.2013 09.2013 03.2014 09.2014

Source: Bloomberg, Swiss & Global Asset Management

Important legal information Past performance is not an indicator of current or future trends. The performance values refer to the and are calculated without the commission and costs incurred on issue, redemption or swapping (e.g. transaction and custody costs of the investor). The information in this document is given for information purposes only and does not qualify as investment advice. The Julius Baer Multistock - Absolute Return Europe Equity Fund is a sub-fund of Julius Baer Multistock (SICAV according to Luxembourg law) and is admitted for public offering and distribution in Switzerland. The prospectus, the Key Investor Information Document “KIID”, the articles of association and the current annual and semi-annual reports may be obtained in German, free of charge and in hard copy, from the following addresses: Representative: Swiss & Global Asset Management Ltd., Hardstrasse 201, P.O. Box, CH-8037 Zurich; Paying Agent: Bank Julius Baer & Co. Ltd., Bahnhofstrasse 36, Postfach, CH-8010 Zurich. Swiss & Global Asset Management is not a member of the .

The exclusive manager of Julius Baer Funds. A member of the GAM group. VLAD YERMAKOFF (Institutional & Business Development Manager – Dukascopy Bank) November 25th, 2014 (9:45 - 10:30) Conference Room C Dukascopy Bank SA - Swiss FX Marketplace

STEFANO ZANCHETTA (CEO – Cube Finance) November 25th, 2014 (11:15 - 12:00) Conference Room C L’utilizzo delle opzioni nelle gestioni patrimoniali: copertura dei rischi o altre opportunità?

REDA ZEBDI (Vice President iShares) November 24th, 2014 (14:00 - 16:00) Auditorium ETPD Stream - Panel: Challenges, innovations & trends associated with passive investment products

THOMAS ZIMMERLI (Senior Legal Counsel – SFAMA) November 24th, 2014 (14:00 - 16:15) Conference Room B SFAMA Directive on Transparency + SFAMA Directive on Distribution - Impact on representatives and distributors

GIACOMO ZUCCO (Bitcoin consultant) November 24th, 2014 (17:00 - 18:00) Conference Room C Bitcoin e blockchain-technologies: una nuova economia?

Michael Koelliker (Structured Asset Management - Leonteq Securities)

November 24th, 2014 (14:00 - 16:00) Auditorium ETPD Stream – Pension Solutions

Jonathan Harris (Fixed Income Product Manager - Schroders)

November 25th, 2014 (10:10 - 10:50) Conference Room B Be ready to face any interest rate environment

44

EMERGENZA EBOLA

«Quando sono andato in Liberia pensavo di partire per un’emergenza. Mi sbagliavo. Quello che ho visto è una catastrofe umanitaria.» Roberto Scaini - medico, centro trattamento Ebola a Monrovia. ©Peter Casaer ©Peter

IO SONO PRONTO A RIPARTIRE, TU SEI PRONTO A SOSTENERMI? DONA ORA

www.msf.it/ebola 800 99 66 55 2014 eventmap

47 48 Lugano Fund Forum Map Ground Floor

A01 …… Ticino for Finance A26 …… Lyxor Asset Management A02 …… Carmignac A27 …… ActivTrades A03 …… BNP Paribas Securities Services A28 …… Union Bancaire Privée A04 …… Boost ETP, a Wisdom Tree Company A29 …… Banor Capital A05 …… IG A30 …… Banca Zarattini & Co. A06 …… Swissquote A31 …… Selectra J. Lamarck Biotech A07 …… FactSet A32 …… Selectra FIA Asset Management A08 …… Allx A33 …… Swiss&Global Asset Management A09 …… Dalma Capital A34 …… GAM A10 …… Ekuota A35 …… Casa4Funds A11 …… Gamma Capital Markets A36 …… Candriam A12 …… BlackRock A37 …… 1741 Asset Management A13 …… Raiffeisen Capital Management A38 …… TrendRating A13b … Diaman SICAV A39 …… RBC Global Asset Management A13b … Directa A40 …… Finlabo A13b … ETF Securities A41 …… Aviva Investors A14/15 Credit Suisse Asset Management A42 …… Fundlogic Alternatives/Morgan Stanley A16 …… Aberdeen A43 …… Natixis Global Asset Management A17a … Valletta Fund Services A44 …… T.Rowe Price A17b … Deloitte Malta A45a … Banca dello Stato del Canton Ticino A18 …… ING Investment Management A45b … Swisscanto A19 …… Schroders T01 …… Unimoney A20 …… UBS T02 …… Medici Senza Frontiere A21 …… Amicorp Fund Services - Luxembourg, Malta T03 …… DMF New Media A22 …… Lombard Odier Investment Managers T04 …… Blue Financial Communication A23 …… Bloomberg T05 …… mytv / mymobi A24 …… Banca IMI T06 …… Traders’ A25 …… Cube Finance / Korutoa T07 …… HUB TV 49 50 Lugano Fund Forum Map First Floor

B01 …… CornerTrader B22 …… Damantic B02 …… FIDA B22 …… WMOpportunities B03 …… Ambrosetti Asset Management B23/25 Capital Strategies Partners B04 …… Brown Editore B24 …… Dukascopy Bank B05 …… SIX Swiss Exchange B26 …… M&G Investments B06 …… Gartam B08 …… Mondo Alternative T08…… Growth Dynamics B09 …… SFAMA Asset Management Association T09 …… Franklin University Switzerland B10 …… Bonn Steichen & Partners T10 …… Finanza Operativa B11 …… “The Lantern” Research T11 …… Ticino Finanza B11 …… LaMiaFinanza.ch T12 …… Horo Capital B12 …… City Fund Manangement T13 …… ClubIN Ticino B13 …… Oneworld – Oneworld MidEast B14 …… Lapis Asset Management B15 …… Alpha Value Management B16 …… Cee Stock Exchange Group B17 …… World Dynamic Fund B18 …… Livi su misura 1961 B19 …… FLAG – Fine Luxembourg Associated Group B19 …… Finimmo Luxembourg B20 …… Medigest B21 …… LFF “official gadget”

51 2014 companyprofiles

52

ADDRESS: “The Lantern” Research is a fast-growing international Corso Elvezia 10, network founded after the financial crisis in 2009, with a 6900 Lugano - Switzerland database of 120,000+ financial professionals (Financial Analysts, Economists, Portfolio Managers, Corporate CONTACT PERSON: Finance Advisors, Private Equity, Research Boutiques ...) Riccardo Esposito from all over the world. The network’s aim is to support its professionals’ activities and to increase their visibility in the ROLE: international financial community. CEO “The Lantern” Research has rapidly achieved leadership in the organization of events in the financial sector in the TEL: +41 91 224 72 50 Canton of Ticino and Milan area and through its network of partners, can organize road-shows, fairs, presentations, E-MAIL: seminars and courses in Geneva, Zurich, Paris, Montecarlo, [email protected] Munich, Frankfurt, London and New York, as well. “The Lantern” Research is also promoter of the LUGANO WEBSITE: COMMODITY FORUM and advisor for Switzerland of the www.LanternResearch.com online educational platform “LaMiaFinanza.ch”. www.LuganoFundForum.com

PRODUCT/SERVICE DESCRIPTION

The Lugano Fund Forum (LFF) is one of the most important events focused on Asset Management and , organized in Switzerland and Northern Italy.

The Lugano Commodity Forum (LCF) is the most important event dedicated to commodity traders, users and investors, organized in the Canton of Ticino (CH).

The Lugano International Fiscal Forum (LIFF) is a platform to discuss international tax issues and fiscal opportunities for entrepreneurs and investors. Lamiafinanza.ch is an online magazine dedicated to financial information and investment issues addressed to both retail readers and financial operators. A turn-key service ranging from the selection and invitation of a specific target, to all Organization of financial events logistics needs for your road-shows, fairs, presentations, webinars, seminars and courses in all main European cities. This is a continuous service where our senior sales will be in charge to organize every (NEW! ) Introducing service month your agenda of 1-on-1 meetings with contacts within our database who could be interested in your services. This represents a cost-effective tool in order to outsource your marketing activities. Although TLR does not use its own database and contacts for third parties’ mailing Targeted Mailing Campaigns campaigns, we can provide our clients the possibility to send their emails to specific targets, thanks to agreements with selected providers with a strong focus on the financial sector (600.000+ contacts in Europe).

54 NOTES

55 1741 Asset Management SA is a leading, research-driven AUM (as of 30.09.2014): Swiss quantitative investment boutique. Focused on CHF 2.5 billion alternative indexing and multi-asset class (risk-weighted investing and trend following) strategies, 1741 Asset ADDRESS: Management SA manages CHF 2.5 billion within public and Münsterhof 5, 8001 customized funds for it's mainly institutional clients based in Switzerland and selected foreign countries. It is a CONTACT PERSON: frequent academic contributor and has won several awards Roberto E. Forte – most notably the HFM Awards in 2011 and 2012 as well as the Mondoalternative Awards 2012. For its research ROLE: activities within alternative indexation, 1741 Asset Director Institutional Clients Management SA was awarded the William F. Sharpe Indexing Achievements Award for the best Indexing TEL: +41 58 458 49 23 Research Paper of the Year (2012). E-MAIL: Belonging to the Raiffeisen Switzerland Cooperative, 1741 [email protected] Asset Management SA is part of the third largest banking group in Switzerland with a rating of Aa3 by Moody's. WEBSITE: www.1741am.com

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

1741 (Lux) Global Risk Diversification LUX SICAV - UCITS IV Risk-Weighted Multi-Asset Class

1741 Switzerland Cap Weighted Index® Fonds Contractual Fund (FCP,CCF) Alternative Indexing Switzerland 1741 Switzerland Equal Weighted Index® Fonds Contractual Fund (FCP,CCF) Alternative Indexing Switzerland 1741 Switzerland Accounting Based Index® Fonds Contractual Fund (FCP,CCF) Alternative Indexing Switzerland 1741 Switzerland Minimum Volatility Index® Fonds Contractual Fund (FCP,CCF) Alternative Indexing Switzerland 1741 Switzerland Risk Parity Index® Fonds Contractual Fund (FCP,CCF) Alternative Indexing Switzerland 1741 Switzerland Value Index® Fonds Contractual Fund (FCP,CCF) Alternative Indexing Switzerland 1741 Switzerland Momentum Index® Fonds Contractual Fund (FCP,CCF) Alternative Indexing Switzerland 1741 Switzerland Quality Index® Fonds Contractual Fund (FCP,CCF) Alternative Indexing Switzerland 1741 (Lux) Multi-Strategy LUX SICAV - UCITS IV Multi-Strategy Multi-Asset Class 1741 SIF Diversified Trends LUX SICAV - SIF Trend-Following Multi-Asset Class

56 NOTES

November 24th, 2014 – from 15:10 to 15:45 – Conference Room C

Roberto E. Forte , Head Sales Switzerland & Italy

“Beta intelligente o diversificato? Da una monarchia a una democrazia degli indici- Come e perché”

November 24th, 2014 – from 17:15 to 18:15 – Conference Room A

Urs Schubiger, CIO

“PANEL: Risk Parity and Beyond: how to best capture return premiums in a risk-balanced diversified portfolio?”

57 Aberdeen Asset Management is an independent AUM (as of 30/06/2014): management company listed on the € 402,8 billion since 1991. Founded in Aberdeen, Scotland by Martin Gilbert, currently the group's CEO, it now numbers 33 ADDRESS: offices in 25 different countries with more than 2.200 Via Dante 16, 20121 Milan employees. With the acquisition concluded in April 2014 of Schweizergasse 14, 8001 - Zurich Scottish Widows Investment Partnership, the Aberdeen Geneva: Cours de Rives 4, 1204 Group has become Great Britain’s most important listed Geneva independent operator, with almost €402,8 billion AuM as of 30/06/2014. Aberdeen is specialised in the management of traditional TEL: +39 02 88 21 081 – Milan financial assets on equity and bond markets and is highly +41 44 208 2626 - Zurich active in the direct and indirect management of real estate. The company offers various different investment solutions, E-MAIL: from segregated mandates to mutual funds and mainly [email protected] takes a long-term approach based on solid investments identified by means of analysis and proprietary research. WEBSITE: www.aberdeen-asset.it www.aberdeen-asset.com

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Aberdeen Global – Asian Local Currency UCITS Asian Bonds Short Duration Bond Fund

Aberdeen Global - Select Emerging UCITS Emerging Market Bond Fund Markets Bond Fund

Aberdeen Global - Emerging Markets UCITS Emerging Market Bond Fund Corporate Bond Fund

Aberdeen Global - Frontier Markets UCITS Emerging Market Bond Fund Bond Fund

Aberdeen Global - Emerging Markets UCITS Emerging Market Bond Fund Local Currency Bond Fund 58 NOTES

Edwin Gutierrez – Head of Emerging Market Sovereign Debt

SPEAKING November 25th, 2014 – from 9:30 to 10:15 – Conference Room A SLOT “Emerging Market Debt: Smoke But No Fire.”

November 24th, 2014 – from 11:45 to 13:00 – Conference Room A PANEL: “ Euro and the future equilibrium with the other currency systems” 59 ActivTrades is an independent broker offering trading ADDRESS services in Forex, CFDs and Spread Betting. 1, Thomas More Square Located in the City of London's financial district we are London authorised and regulated by the Financial Conduct Authority (FCA). CONTACT PERSON: ActivTrades offers a wide range of products, aimed at both Valerio Capasso private and institutional investors. Through the powerful and globally respected MetaTrader 4 and MetaTrader 5 ROLE: platforms, you are able to trade over forty currency pairs in Milan Branch Manager the Spot Forex market, alongside indices, gold, silver, oil, and other commodities. Unquestionably ActivTrades focus TEL: +39-02-92958616; is on its clients, and the service they require in order to +41-(0)91-2087005 succeed. Our highly skilled support desk is operational 24 hours a day, 5 days a week, providing timely response to E-MAIL: client enquiries in English, Italian, German, French, Spanish, [email protected] Portuguese, Arabic, Bulgarian, Russian and Chinese [email protected] throughout the day. WEBSITE: www.activtrades.com

PRODUCT/SERVICE DESCRIPTION

FCA Regulated ActivTrades is regulated by the Financial Conduct Authority. All clients’ assets are in segregated accounts in compliance with the FCA client money laws (CASS).

Direct Execution Our executions are fully automated. There is no dealing desk and therefore no human intervention over your trades.

ActivTrades Rewards ActivTrades Rewards is our exclusive loyalty scheme which rewards you for every trade with points redeemable for fantastic prizes.

60 NOTES

November 25th, 2014 – from 14:45 to 15:30 – Conference Room C

Riccardo Donati, Founder - Redexe Risk & Finance

“Ottimizzazione di portafoglio antifragile, a prova di "cigni neri"

November 24th, 2014 – from 16:20 to 17:00 – Conference Room C SPEAKING SLOT Pietro Paciello, & Asset Manager

“Mega trend Forex Robot”

61 ALLX Ltd is a London based broker authorized and regulated ADDRESS: by the Financial Conduct Authority of the UK. ALLX mission 45 Beech Street is to provide bespoke execution services to the highest London EC2Y 8AD standard to its customers. United Kingdom ALLX team of experienced traders provide cutting edge execution services to our institutional customers on bonds CONTACT PERSON: and equity cash products. Thanks to our established Emanuele Severgnini relationships with leading banks and market makers we can provide execution services with highly competitive pricing ROLE: on most OTC and listed products. Head of Our private clients can access a leading multi-products trading platform which allows to trade most financial TEL: +44 20 3642 0174 instruments and will receive free access to financial news from some of the best news providers and to benefit from a E-MAIL: very competitive execution pricing! Our trading platform [email protected] is Citibank which is rated “A” by the major rating agencies. The minimum initial deposit is of 8’000€. WEBSITE: Moreover our trading platform is compatible with the major www.allxbroker.com programming softwares for automated trading such as Multicharts and Ninjatrader.

PRODUCT/SERVICE DESCRIPTION

. Our team of experienced traders provide cutting edge execution services to our Execution Services institutional customers on bonds and equity cash products for Institutional Customers . We provide execution services with highly competitive pricing on most OTC and listed product

• Our clients can access a leading multi-products trading platform which allows to Trading Platform trade most financial instruments for Private Customers • Our clients will receive free access to financial news from some of the best news providers and very competitive execution pricing

Access to Primary • Thanks to our established relationships with leading banks and market makers we and Secondary Markets provide access to both primary and secondary markets

62

NOTES

63 Committed to outstanding performance

ADDRESS: - No. 11, Level 2, Casal Naxaro Labour Avenue Street Naxxar NXR 9021 Malta Alpha Value Management is a Maltese Management Company – primarily set up to carry on the business of Asset Management as - 120/A, Via Marconi well as Administration services to Collective Investment Schemes, 35027 Italia such as UCITS, PIF’s, AIF’s, and Pension Funds. Moreover, the CONTACT PERSON: Company is focused on Portfolio Investment Management, Raffaella Maroglio Investment Advice and related services provided to HNWI, Gianluigi Montagner Corporate and Institutional clients. The Company is also licensed to act as Listing Agent on the European Wholesale Securities Market, ROLE: a new regulated Fixed Income Exchange based in Malta. CEO In 2012 the Company opened a branch in Padua – Italy, and it is in Managing Director the process to open a Representative Office in Riga - Latvia in TEL: order to expand the business throughout EU. +35 621 385851 The Management of the Company gained more than 20 years of experience in the financial market working or International +39 049 8934983 Primary Bank based in Europe, and aims to guarantee capital E-MAIL: growth, protection and tailor made services to the Company’s [email protected] clients. Alpha Value Management is nowadays managing two [email protected] platforms, set up under UCITS and PIF’s rules and regulation: through these structures the Company is able to satisfy WEBSITE: the demand arising from Institutional Clients asking to have at www.avm.com.mt their disposal flexible, yet EU compliant instruments to approach www.avm-italy.it their clients. PRODUCTS/SERVICES LEGAL STRUCTURE STRATEGY-CATEGORY INVICTUS SICAV PLC: Ucits Umbrella Fund Sol Invictus Absolute Return Fund Ucits Subfund Absolute Return Invictus Global Bond Fund Ucits Subfund International Bond Invictus Macro Fund Ucits Subfund Macro Strategy SUNSHINE SICAV LTD: EU Pif Platform Alba Fund Pif Subfund Diversified Blue Harmon Fund Pif Subfund Long-short FUND MANAGEMENT Licensed EU Fund Manager FUND ADMINISTRATION Recognized EU Fund Administrator Investment Solutions: Defensive, PORTFOLIO MANAGEMENT Licensed EU Investment Manager Flexible, Dynamic, Personalized Corporate Finance and INVESTMENT ADVICE Licensed EU Professional Advisor Fund Set up LISTING AGENT Official Listing Agent On EWSM 64 NOTES

65 Aviva Investors is a global asset management business AUM: USD 391bn (as of 30/06/2014) dedicated to building and providing focused investment solutions for clients which include local government ADDRESS: organisations, pension funds, wholesale and retail banks, Aviva Investors insurance companies, charities and private wealth Stockerstrasse 38 - 8002 Zürich managers. We employ over 950 people in 15 countries. With assets under management in excess of USD 390 billion CONTACT PERSON : (as at 30 June 2014) across a range of real estate, equity, Manuel Dalla Corte fixed income, money market, mixed and alternative funds, our clients benefit not only from our unique access to, and ROLE: experience of, local markets but also from the availability of Business Development Director considerable global resources. TEL: 0041 442159014

E-MAIL: [email protected]

WEBSITE: www.avivainvestors.ch

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Aviva Investors Multi-Strategy UCITS IV. Sub fund of Aviva Investors Multi Asset Target Return Fund Luxembourg SICAV

66 NOTES

November 25th, 2014 – from 9:30 to 10:10 – Conference Room B

Jerome Nunan, Investment Specialist

“Mitigating risk and downside protection”

67 As Intesa Sanpaolo's investment bank, Banca IMI is part of Italy's ADDRESS: leading banking group whose network also includes a major LARGO MATTIOLI 3 international presence. 20121 MILANO Banca IMI's key objective is to serve its customer base of institutional investors, financial networks, corporates, and CONTACT PERSON: government institutions, supplying financial products and services PAOLA PARENTI developed with standards of excellence. Employing the expertise and skills of more than 800 ROLE: professionals, Banca IMI is active in , Private Banks Sales Structured Finance and Capital Markets, operating in the main national and international markets, through offices in Milan, a TEL: 0039.02.72615978 London branch, and a subsidiary, Banca IMI Securities Corporation, based in New York*. E-MAIL: In Italy's investment banking market, the Bank is a benchmark in [email protected] M&A advisory services, and has a strong presence in equity and bond placements. WEBSITE: In structured finance, Banca IMI enjoys a position of historical www.bancaimi.com leadership in the Italian market and a solid international track record. In developing this business, the Bank also leverages the extensive portfolio of relationships that Intesa Sanpaolo Group has built up in Italy and around the world.Banca IMI is a major dealer in the equity and bond markets; it provides publicly traded companies with an efficient Corporate Broking service, and supplies clients with specialized advisory services in financial risk management.In collaboration with the Intesa Sanpaolo Research Department, Banca IMI offers its clientele a wide range of analyses, forecasts, and investment strategies for the financial markets.Banca IMI is recognized for its expertise in structuring and originating investment products for the retail market. Through its innovative market-access platform, Market Hub, the Bank employs a dynamic strategy in seeking best execution of MiFID-compliant orders, making it possible for more than 350 Italian and foreign institutional clients to access more than 70 national and international markets (equities, bonds and derivatives). The Bank offers a wide range of auxiliary services through the Intesa Sanpaolo Group companies, including post- trading processing, settlement, and securities custody and administration.

68 NOTES

November 25th, 2014 – from 11:40 to 12:20 – Conference Room B

Luca Mezzomo, Head of Macroeconomic & Fixed Income Research

“Italia a passo di lumaca – per quanto ancora la ripresa rimarrà un miraggio?”

69 Banca Zarattini & Co S.A. is a Swiss Independent AUM (as of 31.10.2014): 237 mio EUR Bank based in Lugano, Switzerland, regulated and supervised by FINMA. ADDRESS: With over two decades of experience investing in Via Pretorio 1, CH-6900 Lugano and managing a wide range of equity and fixed income portfolios, the Zarattini team currently CONTACT PERSON: manages a portfolio of single manager funds of Stefania Bizzozero UCITS IV compliant Luxembourg based Neutral SICAV. ROLE: Our focus is on managing products which aim to Marketing & Relationship Management achieve absolute returns regardless of market conditions, with low volatility, and which adopt a TEL: +41 91 911 33 54 consistent investment philosophy, based on fundamental and quantitative analysis and designed E-MAIL: to ensure maximum transparency for investors. [email protected]

WEBSITE: www.bancazarattini.ch www.neutralsicav.lu

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Inflation Linked Bonds Fund Luxembourg Sicav UCITS IV Fixed Income

Conservative Wolf Fund Luxembourg Sicav UCITS IV Fixed Income Flexible

Equity Value Fund Luxembourg Sicav UCITS IV Equity

Global Index Wolf Fund Luxembourg Sicav UCITS IV Equity

New Opportunity Bond Luxembourg Sicav UCITS IV Fixed Income Investment Volatility Fund Luxembourg Sicav UCITS IV Volatility Management

Global Asset Allocation Fund Luxembourg Sicav UCITS IV Flexible

Diversified Fund Luxembourg Sicav UCITS IV Flexible

70 NOTES

November 24th, 2014 – from 17:15 to 18:15 – Conference Room A

Paolo Cavatore, Fund Manager

PANEL: "Risk Parity and Beyond: how to best capture return premiums in a risk- balanced diversified portfolio?”

71 Banor Capital Ltd is an independent investment ADDRESS: management firm based in London. Banor was created in 16 Berkeley Street – W1J 8DZ 2011 by a team of investment professionals working London, United Kingdom together since 2001. Banor aims at being the partner of choice for institutional and private clients looking for a CONTACT PERSON: value based investment manager for the liquid portion of Giacomo Mergoni their wealth. Banor Capital Ltd (UK), together with its sister companies Banor SIM Spa (Italy) and Banor SICAV ROLE: (Luxembourg), is part of a group owned by its management CEO and whose sole focus is providing the highest standard in investment management solutions. TEL: +44 (0) 2030021860 The group Assets Under Influence (AUI) are in excess of Eur 4.2bn of which Eur 1.8bn under discretionary management. E-MAIL: Banor SICAV is the flagship UCITS IV umbrella fund with five [email protected] sub-funds: three alternative long/short strategies (North America, Italy, Greater China), one equity long only WEBSITE: (European Value) and one fixed income (Euro Bond www.banorcapital.com Absolute Return).

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

ITALY LONG SHORT EQUITY Luxemburg Sicav UCITS IV Long/Short equity fund with a value based approach NORTH AMERICA LONG SHORT Luxemburg Sicav UCITS IV Long/Short equity fund with a value based EQUITY approach

GREATER CHINA LONG SHORT Luxemburg Sicav UCITS IV Long/Short equity fund with a value based EQUITY approach

EUROPEAN VALUE Luxemburg Sicav UCITS IV Long equity fund with a value based approach

EUROBOND ABSOLUT RETURN Luxemburg Sicav UCITS IV Bonds and convertible bonds selected on a fundamental basis

72 NOTES

73 BLACKROCK is a leader in investment management, risk AUM (as of 30 June 2014): $4.594 trillion management and advisory services for institutional and retail clients worldwide. At June 30, 2014, BlackRock’s AUM was ADDRESS: $4.594 trillion. BlackRock helps clients meet their goals and BlackRock Schweiz AG, Bahnhofstrasse 39, 8001 Zurich overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded CONTACT PERSON: Alan Ghitis funds), and other pooled investment vehicles. BlackRock also ROLE: Retail Sales Switzerland offers risk management, advisory and enterprise investment TEL: +41 225819772 system services to a broad base of institutional investors E-MAIL: alan.ghitis@.com through BlackRock Solutions®. Headquartered in New York WEBSITE: www.blackrock.ch City, as of June 30, 2014, the firm had approximately 11,600 CONTACT PERSON: Reda Zebdi employees in more than 30 countries and a major presence ROLE: iShares Sales Switzerland in key global markets, including North and South America, TEL: +41 225819781 Europe, Asia, Australia and the Middle East and Africa. For E-MAIL: [email protected] additional information, please visit the Company’s website at WEBSITE: ww.iShares.ch www.blackrock.ch CONTACT PERSON: Bruno Rovelli ROLE: Investments Advisory Italy TEL: +39 0291597041 E-MAIL: [email protected] WEBSITE: www.blackrock.it

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

BGF Fixed Income Global Sub-Fund of Luxembourg SICAV Global Flexible Fixed Income Opportunities Fund BSF Fixed Income Strategies Fund Sub-Fund of Luxembourg SICAV European Flexible Fixed Income

iShares Core SPI® (CH) Swiss domiciled ETF Swiss Equity Exposure

iShares Core CHF Corporate Bond Swiss domiciled ETF CHF-denominated Investment Grade (CH) Corporate Bonds

74 NOTES

November 24th, 2014 – from 14:00 to 16:00 – Conference Room A

Reda Zebdi, Head of Sales French- and Italian-speaking Switzerland - iShares

Panel: «Challenges, Innovations & Trends Associated With Passive Investment Products»

November 24th, 2014 – from 11:00 to 11:45 – Conference Room A

Ahmed Talhaoui, Head of the EMEA Fixed Income Strategy Team - Blackrock

«Rethinking Fixed Income»

November 25th, 2014 – from 11:45 to 13:00 – Conference Room A

Bruno Rovelli, Head of Investments Advisory in Milan - Blackrock

Panel: «The Euro and the Future Equilibrium with the Other Currency Systems»

75 Bloomberg, the global business and financial information ADDRESS: and news leader, gives influential decision makers a critical 39/45 Finsbury Square edge by connecting them to a dynamic network of London EC2A 1PQ information, people and ideas. The company’s strength – delivering data, news and analytics through innovative CONTACT PERSON: technology, quickly and accurately – is at the core of the Ida Tortini Bloomberg Professional service, which provides real time financial information to more than 315,000 subscribers ROLE: globally. Headquartered in New York, Bloomberg employs Italian Switzerland Sales more than 15,000 people in 192 locations around the world. TEL: +44.20.7073.3706

E-MAIL: [email protected]

WEBSITE: www.bloomberg.com

PRODUCT/SERVICE DESCRIPTION

A complete platform intergating real-time data, unparalleled news and research, Bloomberg professional powerful analytics and world-class execution capabilities—in one fully integrated solution.

Bloomberg’s Portfolio & Risk Analytics solution helps portfolio managers achieve their objectives by providing unmatched transparency into their portfolio’s Portfolio and Risk analytics performance, characteristics, risk and more. From one location, a series of powerful, integrated equity and fixed income tools deliver consistent insight, enabling you to create and execute differentiating investment strategies. A suite of products and services that enables firms to seamlessly, efficiently and Enterprise solutions transparently manage data and technology from the desktop end user through to back office operations. Bloomberg is uniquely able to offer firms the ability to acquire and organize quality data and move it throughout the enterprise.

A end-to-end, cloud based secured hosted platform that consolidates compliance, Compliance solutions legal and data management into an integrated real time system NOTES

November 25th, 2014 – from 10:30 to 11:15 – Conference Room C

Maurizio Luisi, Market Specialist

“Asset allocation conditional to business cycle and macro uncertainty”

77 BNP Paribas Securities Services is one of the world’s largest As of October 2014: global custodians that provides integrated asset and fund Total Assets under administration servicing solutions for an assortment of investment fund USD 1,544 bn vehicles, ranging from UCITS to complex fund of fund Total Assets under custody structures. USD 9,447 billion In line with our global expansion strategy, BNP Paribas Securities Services has offices in key regions outside of ADDRESS: Europe to include Switzerland, Asia, United States and Latin Selnaustrasse 16, 8022 America. We have 8‘225 employees worldwide. Zurich Switzerland Furthermore, we administer 7’067’ funds from 18 locations within Europe and 28 locations worldwide. The group is CONTACT PERSON: present in 34 countries, covering over 100 markets. Jeffrey Campbell BNP Paribas Securities Services has been operating in Switzerland since 2001. We currently have over CHF 100 ROLE: billion assets under custody, of which CHF 350 million are Head of Sales fund assets. Our Zurich office is your main contact point for Asset Management & Alternatives all matters relating to Depotbank activities – in Switzerland or abroad - foreign fund representation & paying agency TEL: +41 58 212 6327 services, global custody and asset servicing. As part of a large banking group, BNP Paribas Securities E-MAIL: Services enables our clients to fully benefit from the [email protected] strength of our global brand, financial stability, proven WEBSITE: http://securities- expertise and dynamic technology solutions. services.bnpparibas.com/jahia/Jahia/ site/portal/lang/en/home

78 NOTES

November 24th, 2014 – from 11:15 to 12:00 – Conference Room B

Walter Keller, Head of Foreign Fund Representation

“Representation of Foreign Collective Investment Schemes in Switzerland”

79 With in excess of 70 professionals, Bonn Steichen & ADDRESS: Partners is an independent full-service law firm committed 2, rue Peternelchen to providing the highest quality legal services to domestic Immeuble C2 and international clients in Luxembourg. As leaders in each L-2370 Howald of the areas in which we practice, we offer our clients a Luxembourg wealth of knowledge and experience in all aspects of Luxembourg law. These include financial and tax services, CONTACT PERSON: corporate law, investment funds, capital markets, real Stefano Giovannetti estate finance, employment, dispute resolution, private wealth and IP/IT. The firm’s strong experience in a number ROLE: of buoyant sectors adds further to its reputation as a Business Development Director dynamic leading law firm in Luxembourg. TEL: +352 26025 1

E-MAIL: [email protected]

WEBSITE: www.bsp.lu

PRODUCT/SERVICE DESCRIPTION

A full service approach in structuring Our investment fund practice covers the establishment, structuring and restructuring investment and specialist tax advice really of a full range of regulated and unregulated investment funds. Mutual funds, UCITS, sets us apart from other firms in Real estate funds, Hedge funds, Venture capital funds, Mezzanine funds, Distressed Luxembourg and is a great asset that debt funds, Private equity funds, Islamic finance funds, Carbon funds and other makes clients rely on us. structures.

Work Highlights in UCITS • Regular assistance to leading asset managers with UCITS legal issues • Setting-up of master/feeder structures within the UCITS framework • Launch of a UCITS fund of hedge funds • Obtaining a licence to act as depository bank for UCITS, SIF and SICAR • Setting-up of a Global Macro Portfolio to be invested in by Luxembourg UCITS fund Work Highlights related to AIFMD • Impact analysis of AIFMD • Assistance to various private equity houses in order to determine whether their structures fall within the scope of the AIFMD. • Assistance to management companies of hedge funds with respect to its application for registration under AIMFD. • Numerous advice related to AIFMD to existing and in the course of establishment AIFs.

80 NOTES

81 AUM (as ofOctober 2014): $157m Boost è un ETP provider indipendente, una delle poche boutique specializzate in Exchange Traded Products (ETP) sul mercato ADDRESS: europeo, nonché la prima a focalizzarsi sugli ETP short (inversi) e Boost ETP, A WisdomTree Company, leveraged (a leva). Boost è diretta da Hector McNeil e Nik Beech Street, London, EC2Y 8AD Bienkowski, due veterani nell’industria degli ETP. Entrambi hanno ricoperto il ruolo di Managing Partner e sono stati azionisti di maggioranza presso ETF Securities (ETFS), due figure essenziali CONTACT PERSON: nell’espansione dell’azienda dalla fase di start-up fino al Antonio Sidoti raggiungimento di attivi in gestione pari a 22mld di USD nell’ottobre 2010. Boost rappresenta una novità sul mercato ROLE: europeo, ponendosi quale obiettivo la creazione di valore Direct of Italy Sales aggiunto per gli investitori, in contrasto con le offerte “di massa” proposte oggi generalmente dalla maggior parte degli emittenti di TEL: +39 0294755890 ETP. I prodotti di Boost si rivolgono a investitori sofisticati, inclusi day trader, broker finanziari, gestori patrimoniali, high frequency E-MAIL: trader e gestori degli investimenti istituzionali. L’accento che [email protected] poniamo su una mentalità vincente di thought leadership nel settore dell’intermediazione mobiliare ci porta a concentrare WEBSITE: sforzi considerevoli nell’istruire i clienti su come utilizzare al www.boostetp.com meglio i prodotti. L’opportunità di lanciare uno dei pochi provider indipendenti di ETP in Europa è scaturita dai notevoli cambiamenti che in questo momento stanno interessando il mondo degli ETP. In un mercato dominato dalle grandi banche degli investimenti e da istituzioni finanziarie diversificate, sorgono quesiti importanti riguardo ai loro rispettivi modelli di business nell’ambito degli ETP e ai potenziali conflitti d’interesse. Gli investitori e le autorità di regolamentazione e supervisione sono alla ricerca di una maggiore trasparenza attorno a pratiche come il prestito titoli, la gestione del collaterale e l’uso di tecniche di copertura in-house. Boost offre diversi vantaggi, tra cui: Indipendenza – Boost è un ETP provider indipendente, una delle poche boutique che non dipendono da nessuna banca degli investimenti, swap provider, , trustee o depositaria. Di conseguenza, gli interessi degli investitori coincidono con quelli di Boost. Leader del settore – I fondatori di Boost hanno maturato oltre 20 anni di esperienza nel mercato degli ETP. Grazie alla loro esperienza e alle solide competenze internazionali dei service provider di Boost, gli investitori possono avvalersi di prodotti efficienti caratterizzati da una buona liquidità, una scrupolosa gestione del rischio di controparte e costi relativamente contenuti. Trasparenza – Boost pubblica con cadenza giornaliera sul proprio sito web tutte le commissioni, le partecipazioni e i dettagli riguardo ai collaterali. Innovazione e agilità – Boost punta a distinguersi quale società leader nel campo dell’innovazione. La qualità degli ETP forniti, oltre allo sviluppo dei prodotti e alla ricerca di mercato sottesa ai prodotti stessi, lo testimoniano con chiarezza. Specializzata e concentrata sull’obiettivo – La strategia di Boost differisce da quella degli altri emittenti di ETP poiché il suo obiettivo non è quello di offrire tutte le tipologie di prodotto a tutte le tipologie di investitori. Didattica – Boost è fortemente motivata a fornire agli investitori tutti gli strumenti necessari per la formazione e lo sviluppo di una mentalità vincente di thought leadership. 82 NOTES

83 CANDRIAM is a leading pan-European multi-specialist asset AUM (as of September 2014): manager with a 20-year track record and a team of 500 CHF 101 bn experienced professionals. Managing CHF 101 bn AUM at end September 2014, the company has established ADDRESS: management centres in , Paris and Luxemburg and Candriam Luxembourg, has an experienced sales force covering Europe and the succursale de Genève Middle East. Its investment solutions cover five key areas: Rue de Jargonnant 2 fixed income, equities, alternatives, sustainable investments CH-1207 Genève and advanced asset allocation. Through conviction-driven investment solutions, CANDRIAM has earned a reputation CONTACT PERSON: for delivering innovation and strong performance to a Bernard de Halleux diversified client base in over 25 countries. CANDRIAM is the European foothold of New York Life ROLE: Investments, ranked among the world's largest asset Head of Branch managers. The latter is a subsidiary of New York Life, one of the largest TEL: + 41 22 707 90 08 and highly rated US life insurances groups. E-MAIL: [email protected]

WEBSITE: www.candriam.com

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Candriam Bonds Credit A Medium Volatility Long Short Credit Opportunities UCITS IV Luxembourg SICAV strategy, relying on an opportunistic (formerly Candriam Bonds High I-Cap LU0151325312 approach in High Yield short duration Spread) and on a relative value bucket. Candriam Equities L Biotechnology UCITS IV Luxembourg SICAV An Equity fund offering a wide exposure 5 star Morningstar (overall) to Biotechnology companies mainly in I-Cap LU0133360163 the USA and Europe.

Candriam Bonds Total Return A flexible diversified unconstrained UCITS IV Luxembourg SICAV bond fund investing in all Fixed income I-Cap LU0252132039 strategies.

84 NOTES

85

Capital Strategies Partners (CSP) is an independent fund AUM (as of 2014): 4 bn EUR broker with offices in Madrid, Lima, Lisbon and Lugano, representing boutiques fund managers with long dated ADDRESS: expertise and focus in specific asset classes. To date, CSP Via Antonio Vanoni 4, Lugano intermediates about 4 billion on behalf of ten investment houses. CONTACT: CSP offers to fund managers a turn-key solution and a Riccardo Milan highly dedicated commercial service providing access to Southern European and Latam markets. ROLE: CSP selects top investment managers in each asset class, Country Manager with solid expertise and track record.

CSP dedicates half of its time to the research of new asset TEL: +41 76 422 88 19 managers and new products that could suit clients’ needs in the markets where CSP operates. E-MAIL: CSP independence allows integrity in thought and action. [email protected]

WEBSITE: www.capitalstrategies.es

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Bantleon AG Ucits IV Lux Domiciled FCP Total Return

Schelcher Prince Gestion Ucits IV French Domiciled FCP Diversified EUR Fixed Income

Global Evolution Ucits IV Lux Domiciled FCP Emerging Markets Debt

Eskatos Ucits IV Lux Domiciled FCP Insurance Linked Securities

Catella Ucits IV Lux Domiciled FCP Nordic Corporate Bond & Equity

Banca March Ucits IV Lux Domiciled FCP Global Equity & Mixed Assets

86 NOTES

87 Founded in 1989 by Edouard Carmignac, Carmignac Gestion AUM (as of 30/09/2014.): Group is currently one of Europe’s leading asset managers. 49 billion € Its capital is held entirely by its directors, Fund Managers and staff. In this way, the company’s long-term viability is ADDRESS: ensured via a stable shareholding structure, reflecting its 24, Place Vendôme, spirit of independence. 75001 Paris With a firm commitment to international development, our European adventure began in 1999 with the opening of a CONTACT PERSON: Luxembourg subsidiary. We now operate in France, Marco Fiorini Luxembourg, Germany, Italy, Spain, the UK and Switzerland, and distribute our Funds in 12 countries. Carmignac Gestion ROLE: offers a focused range of 24 global, specialized or diversified Head of Switzerland Funds. We actively seek to anticipate rather than experience market trends. This is done through a TEL: 0041415606620 conviction-based management, the bedrock of our investment style, which has proven successful for many E-MAIL: years. [email protected]

WEBSITE: www.carmignac.com

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Carmignac Patrimoine French (FCP) Carmignac Patrimoine is a diversified fund that uses three performance drivers: international bonds, international equities and currencies.

Carmignac Portfolio Global Luxembourg SICAV Carmignac Portfolio Global Bond is an international bond fund Bond sub-fund which mainly invests in international bonds and currencies.

Carmignac Portfolio Emerging Luxembourg SICAV Carmignac Portfolio Emerging Discovery is an international equity Discovery sub-fund fund, which invests in small and mid-cap companies of emerging countries.

88 NOTES

89 Casa4Funds SA is a Third Party Management Company ADDRESS: based in Luxembourg and Lugano. Being UCITS and AIFMD 42, rue de la Vallée , L-2661 licensed, we enable your fund project to take live, managing Luxembourg its investments in close co-operation, and fulfilling all regulatory requirements. SWISS BRANCH: Our one-stop shop allows for a swift and effective launch of Via L. Zuccoli 19, 6900 Lugano-Paradiso your new fund. We take care of all documentation and steps necessary for it to be launched and operated CONTACT PERSON: smoothly, from regulators' approval to formalization of your Margherita Balerna Bommartini funds' distribution network. Being UCITS and AIFMD compliant, we can also take on the daily portfolio ROLE: management of your fund and execution of portfolio Head of Operations & Branch Manager transactions. TEL: +41 91 260 84 03

E-MAIL: [email protected]

WEBSITE: www.casa4funds.com

PRODUCT/SERVICE DESCRIPTION

UCITS & AIFM Management Company Third Party ManCo of UCITS, AIFs & Other Regulated Investments Vehicles (SIF – SICAR – – Shariah Fund)

Legal & Operational Fund Set up We assist you in the Legal Setup of your fund, either as part of a fund repatriation process, or as a standalone project.

Investment Management Casa4Funds is fully equipped to perform the investment management function of your fund, under your advice. Our trading and negotiation team is readily working with most of your and counterparts, and stands up to facilitate your job: provide investment strategies and best opportunities in your area of expertise. From money market and cash to the most complex derivatives’ strategies, our investment management team swiftly implements your advice into actual investments Active Marketing Support Our network of distributors allows the fund to leverage new cash.

90 NOTES

Margherita Balerna Bommartini, Swiss Branch Manager – Casa4Funds

SPEAKING November 24th, 2014 from 9:30 to 10:10 Conference Room B SLOT PANEL: "Luxembourg Funds, Services and Solutions: Opportunities for Italy and Ticino"

November 24th, 2014 – from 16:15 to 16:55 – Conference Room B “Casa4Funds third party management company: your gateway to Luxembourg ” 91

CEESEG - The CEE Stock Exchange Group ADDRESS: The CEE Stock Exchange Group (CEESEG) comprises the four Wallnerstasse 8, 1014 stock exchanges of Budapest, Ljubljana, Prague, and Vienna Vienna and is thereby the largest group of exchanges in the CEE region. Specialized in index calculation for the markets of CONTACT PERSON: Austria, Eastern and Southeast Europe, Turkey as well as Gerhard Schwediauer Russia, the CEESEG covers 15 markets with a full range of indices and is globally the most widely recognized index ROLE: provider for the region. Regional Manager 4 Stock Exchanges – 1 Attractive Index Portfolio TEL: +43 1 53165 198 CEESEG has successfully established itself as a global expert in indexing. Currently the stock exchanges of the CEESEG E-MAIL: calculate more than 90 Indices which track the national, [email protected] regional or sector-related development in the CEE and CIS countries. Based on our indices, there are over 4.500 financial instruments – certificates, ETFs, warrants, bonds, WEBSITE: derivatives – traded at Vienna Stock Exchange as well as at www.indices.cc the major European Exchanges. www.wienerborse.at www.ceeseg.com

INDICES DESCRIPTION

ATX - Austrian Traded Index ATX is the most important benchmark for the Austrian stock market.

RDX - Russian Depositary Index RDX comprises ADRs/GDRs of Russian Blue Chip Stocks traded on London Stock Exchange. CECE - CECE Composite Index CECE offers exposure to the CEE region and consists of the most liquid stocks traded on Budapest, Prague and Warsaw Stock Exchange All constituent weights are capped on a quarterly basis to ensure compliance with UCITS IV standards for portfolio diversification. The indices are used as underlying instrument for structured products and standardized derivatives. 92 NOTES

93 City Fund Management LTD

City Fund Management LTD is an asset management firm AUM (as of 31/10/2014): USD 200 Milioni founded in London in 1995 and currently authorised by the FCA – Financial Conduct Authority in the United Kingdom ADDRESS: and by the NFA – National Futures Association in the United 52-54 Gracechurch Street, States. CFM is specialised in analysing and selecting EC3V 0EH, London (UK) Managed Futures and Global Macro strategies, trading only liquid futures and options, utilising exclusively regulated and CONTACT PERSON: exchange traded markets. The philosophy of CFM is Filippo Dal Canto combining both Discretionary &Systematic short-term trading strategies focussing on intra-day and short term ROLE: strategies, mostly in financial futures and spot fx. Over 100 Chief Executive Officier years of combined experience, strong negative correlation to equities through bear markets, low correlation to Fixed TEL: +44 (0)20 7397 5760 Income and to the most other investment styles and un- correlation with traditional stocks and bonds markets.The E-MAIL: portfolio risk is mitigated, managed and controlled through [email protected] a diversified portfolios and single strategies adhering to strict daily and monthly stop losses. The positions are WEBSITE: monitored at a real-time level with absolutely transparency www.cityfund.co.uk and detailed daily reporting.

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

New Millenium Volactive Luxembourg Sicav UCITS IV Volatility Fund/Diversified

Plurima City Fund Global Trading Ireland Fund CTA/Managed futures Fund Plurima City Fund Beach Horizon Ireland Fund (launching) CTA/Managed futures

New Millenium SIF/TotalFlexFund Luxembourg SIF Alternative balance

Mediobanca Certificate Certificate issued by primary Italian Bank Alternative/tailored made

94 NOTES

95

CornèrTrader is a portal to all the major financial markets ADDRESS: worldwide, offering more than 20’000 financial CornèrTrader instruments. Cornèr Banca SA, Via Canova 16 The platform gives access to FX Spot, FX Forwards and FX 6901 Lugano, Switzerland Options trading for multiple crosses, majors and exotic, allowing the online investor to trade on 160 FX pairs. All the CONTACT PERSON: major Futures Contracts are available, from Asian, European Patrick Fuchs and American Exchanges. CornèrTrader also offers Stock Trading from 23 different ROLE exchanges and, for the more experienced investor, CFDs Senior Account Executive (Contracts for Differences), which allow to invest with leveraged gears in the stock and commodities markets. TEL: +41 58 880 80 80 CornèrTrader tools allow to trade and manage positions at any time and from any location, also having access to real- E-MAIL: time account information and streaming prices. [email protected] Furthermore, CornèrTrader provides a variety of features that empower investors to make more effective trading WEBSITE: decisions and better understand and evaluate their www.cornertrader.ch investment potential. The modern Swiss Investor and Trader increasingly demand transparency, mobility, performance and also personal service when executing trades in world financial markets. CornèrTrader meets these demands through its state-of- the-art technical tools and features.

96 NOTES

November 25th, 2014 – from 16:150 to 17:15 – Conference Room A

Vittorio Cornaro, Executive Vice President

“PANEL: The online trading market in Switzerland ”

97 Credit Suisse AG is one of the world's leading financial AUM (as of 30/09/2014): services providers and is part of the Credit Suisse group of 1366 BIO CHF companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse is able to offer clients its ADDRESS: expertise in the areas of private banking, investment P.O. Box – CH - 8070 Zürich banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive CONTACT PERSON: solutions and innovative products to companies, Fairouz Bouhmida institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit ROLE: Suisse is headquartered in Zurich and operates in over 50 Wholesale Distribution CH/LI countries worldwide. The group employs approximately 46,400 people. The registered shares (CSGN) of Credit TEL: +41 44 333 20 53 Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary E-MAIL: Shares (CS), in New York. Further information about Credit [email protected] Suisse can be found at www.credit-suisse.com WEBSITE: www.credit-suisse.com/funds

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

CS (Lux) Global Securitized Bond Fund FBH CHF SICAV Fixed Income

CS (Lux) Emerging Market SICAV Fixed Income Corporate Bond Fund B

CS (Lux) Small and Mid Cap Alpha Long/Short Fund B EUR SICAV Alternative Investments

98 NOTES

Anja Hochberg – CIO Switzerland & Europe

November 25th, 2014 – from 11:00 to 11:45 – Conference Room A “Credit Suisse Market Outlook”

November 24th, 2014 – from 11:45 to 13:00 – Conference Room A PANEL: “ Euro and the future equilibrium with the other currency systems”

November 24th, 2014 – from 16:00 to 16:45 – Conference Room A

Robert Wakiyama, (Fund Manager)

“Asset Backed Securities”

99 Dalma Capital Management is a multinational asset manager AUM (as of 01/11/2014): that has been managing its flagship Dalma Unified Return Fund US$20 million for over two years, yielding robust performance. The resounding success of Dalma’s flagship fund has led to the ADDRESS: development of a suite of hedge funds and private equity Gate Precinct 5, Suite 606 funds focused on Forex, Aviation Technology, Dubai Real DIFC, Dubai, UAE Estate and Shari'ah Compliant Equity long/short - which are set 6th Floor, Airways House͒ to launch through the end of 2014 and early 2015. Gaiety Lane͒Sliema SLM 1549 Dalma’s flagship fund, the Dalma Unified Return Fund, deploys Malta a dynamic global long/short equity strategy with the objective of delivering efficient diversification and a positively asymmetric, absolute return profile whilst maintaining CONTACT PERSON: mitigated market risk-parity. The risk-centric approach capitalizes on the expectation that markets exhibit cycles, Howard Leedham MBE momentum and statistical arbitrage opportunities. These predictable patterns are driven by market (endogenous), ROLE: economic (exogenous) and behavioral factors. Dalma utilizes a CEO fully unified approach of fundamental, quantitative and and invests its diversified portfolio primarily TEL: in developed market indices, sectors and large/mid cap index +1.800.643.7560 constituents. +971.43.75.6060

E-MAIL: [email protected]

WEBSITE: www.dalmacapital.com

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Dalma Unified Return Fund Master-Feeder XLong-.Short Equity Hedge Fund Master: Professional Investor Fund; Malta SICAV Feeder: Delaware LP

100 NOTES

101

Diaman is an independent Sicav composed by passionate AUM : 60 mlns for quantitative finance people. Ideas, research and innovative methodologies are the base ADDRESS: of the investment strategies that give life to added value subfunds for our investors. Diaman Sicav through dynamic 12, rue Eugène Ruppert, L 2453 investment processes resulting from a constant research, Luxembourg offers a range of subfunds with multiple strategies that seek to maximize the portfolio efficiency by reducing the risk. CONTACT PERSON: Anyone who invests in Diaman Sicav recognizes the Daniele Bernardi uniqueness of the strategies and the ability to invest actively, eliminating the emotional component. The ROLE: investment in Diaman Sicav allows to improve the portfolio Chairman efficiency based on the strategy diversification. TEL: +39 0413030822 The strategies used by Diaman Sicav are because in more than 12 years of history have widely shown that they E-MAIL: are able not only to offer above-average returns, but especially to reduce significantly the risks and the [email protected] temporary losses . The philosophy of Diaman Sicav is investing in financial markets only when it’s convenient, WEBSITE: preferring lose opportunities to gain when the risks are www.diamansicav.com elevated rather than risk to lose heavily in the hope of gain.

FUND NAME STRATEGY-CATEGORY

Target Strategy Fondo di ETFS, con obiettivo del 5% in 5 anni

Trend Follower Fondo di Fondi Multimanager Flessibile

Mathematics 50% del Fondo in titoli Azionari, Long/Short su Future e su VIX

Zenit Dynamic Bond Obbligazionario Multistrategy

Obbligazioni Corporates USAa e EURO

Quant Bond

102 NOTES

November 24th, 2014 – from 14:35 to 15:10 Conference Room C

SPEA Daniele Bernardi, Chairman

SLOT “Target Strategy: a practical application to ETFs and ETCs”

103

Established in 1995 in Turin (Italy), Directa is a SIM ADDRESS: (financial brokerage company) that allows͒traders to buy Via Buozzi, 5 - 10121 Torino – IT and sell financial instruments electronically, directly from their computers. It has about 17,000 customers and CONTACT PERSON: partners with more than 200 local Italian banks to provide Gabriele Villa ROLE: trading online related services for their own clients as well Head of International Business Development as proprietary trading for the banks.

In addition to the Italian Stock Exchange (Italian stocks, TEL: +39 011 530101 derivatives and fixed income securities), Directa offers direct access to the U.S. Stock Market (NYSE, NASDAQ and E-MAIL: AMEX), CME, Eurex, NYSE-Liffe, Frankfurt XETRA and the [email protected] pan-European BATS Chi-X Europe. Regarding the Forex and

CFDs, Directa is member of LMAX Exchange. It provides also WEBSITE: a dedicated help-desk to German, French, English and Czech www.directa.com customers.

PRODUCT/SERVICE DESCRIPTION

Directa is a SIM (financial brokerage company) established in 1995. Directa allows private investors as well as institutional clients to buy and sell financial instruments electronically, directly from their computers, immediately executed at a competitive Institutional Order Routing and cost. It has been the pioneer of online trading in Italy and one of the first online Trading Online brokers in the world. It has since become specialized to suit the needs of very active investors, including day and heavy traders, and banks interested in listed products. Directa trading platforms are entirely proprietary, and they are enriched and constantly improved. Institutional clients can use Directa also through the Bloomberg order management system. Directa provides also a dedicated help-desk to German, French, English and Czech customers. Directa can provide institutional clients with dedicated services like: - Forex with physical delivery (money transfer currency-named) - Liquidity Management (possibility to optimize bank’s liquidity with competitive B2B services rates of return) - Real physical gold: interconnected banks’ clients can invest in real physical gold buying and selling the ingots at the market price with delivery to the near bank office NOTES

105 Dukascopy Bank is a Swiss innovative online bank providing ADDRESS: Internet based and mobile trading services (with focus on Route de Pre-Bois 20, ICC, 1215 foreign exchange, bullion and binaries), banking and other Geneva - Switzerland financial services through innovative proprietary technological solutions. CONTACT PERSON: The company has been founded on 2 November 2004 in Jacques S. Sale, Claudio Gatta, Geneva, Switzerland where it has its headquarters. Vlad Yermakoff Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a ROLE: securities dealer. Institutional Sales Dukascopy Bank provides online and mobile trading services through the SWFX – Swiss FX Marketplace and online TEL: +41 22 799 4888 banking services. E-MAIL: [email protected]

WEBSITE: www.dukascopy.com

PRODUCT/SERVICE DESCRIPTION

ƒ Trading Platform to access the FX market and CFD JForex Platform ƒ Historical tester and build-in charts ƒ API for strategies and indicators ƒ Platform for Institutional (optimized for auto and chart trading)

Solution for External Manager and Institutional. It allows on one trading plaform to PAMM Account manage simultaneously unlimited quantity of managed accounts which they can be funded in different currencies. Depending on the size of the deposit each managed account has its own ratio in PAMM. Total sum of all ratios under one PAMM account is always equal to 100%. Trader’s activity results (trades, Profit & Loss) are allocated between managed accounts according to ratio. OurWhite Label solution allows the Partner to offer multiple trading systems (JForex, WHITE LABEL SOLUTION Web, Java, API, SWFX Trader for iOS & Android OS) as an integrated and comprehensive trading solution which satisfies all trading requirements of the client. This service is fully customizable, scalable and may be tailored by Dukascopy Bank SA in accordance with the Partner’s needs to meet any possible trading and/or regulatory requirements. 106 NOTES

November 25th, 2014 – from 9:45 to 10:30 – Conference Room C

“Dukascopy Bank SA – Swiss Forex Marketplace”

Jacques S. Sale, Claudio Gatta Vlad Yermakoff Relationship Manager Business Institutional Business Head Italian Market Development Development Manager Manager

107

ETF Securities is the world’s largest independent provider of ADDRESS commodity exchange traded products (ETPs)1 and also 3 Lombard Street provides a wide range of equity, alternative and currency London EC3V 9AA ETPs. The company listed the world's first physically-backed gold ETP in 2003 and now offers over 300 different ETPs CONTACT PERSON: covering a wide range of commodity, currency and equity Massimo Siano exposures listed on major exchanges around the world. At the end of September 2014, worldwide assets invested in ROLE:

ETF Securities ETPs stood close to US$18 billion. Head of Italy

TEL: +44 2074484330

E-MAIL: [email protected]

WEBSITE: www.etfsecurities.com

PRODUCT/SERVICE DESCRIPTION

Exchange Traded Funds (ETFs) ƒ Commonly structured as UCITS in Europe. They are subject to UCITS requirements designed to ensure a level of protection to investors.

ƒ Safeguards include: segregrated assets and limited liability between sub-funds as well as robust risk managemen capabilities. Exchange Traded Commodities & Currencies ƒ Not structured as UCITS in Europe and are thus not governed by UCITS (ETCs) diversification requirements.

ƒ Structure may involve the presence of an independent trustee. Exchange Traded Notes (ETNs) • Non-UCITS investments that are designed to track the return of an underlying benchmark or asset.

• Generally issued by banks and reliant on the credit worthiness of the issuing entity. NOTES

November 25th, 2014 – from 14:00 to 14:40 – Conference Room C

Simona Gambarini, Research Analyst

“Investire nella Rivoluzione Energetica Americana”

109 FactSet helps the world’s best investment professionals ADDRESS: outperform. For 35 years, financial professionals have relied FactSet Italia Srl on FactSet’s streamlined solutions and unmatched client Via Monte di Pieta' 21 support to get their jobs done, better. 20121 Milan - Italy FactSet’s global datasets, powerful analytics, and comprehensive data feeds let users stay ahead of market CONTACT PERSON : trends, access extensive company and industry intelligence, Ivan Bonsignore and monitor performance of their equity and fixed income portfolios in the office or on the go. ROLE: Headquartered in Norwalk, Connecticut, FactSet conducts Vice President, Regional Sales Manager operations with over 6,600 employees in 28 global office locations. Learn more at www.factset.com, and follow us TEL: +39 0200663715 on Twitter: www.twitter.com/factset. E-MAIL: [email protected]

WEBSITE: www.factset.com

PRODUCT/SERVICE DESCRIPTION

Solutions for Investment Managers Designed for the global financial professional, FactSet's investment management solutions fit seamlessly into your workflow. From your first login, FactSet showcases reports and charts relevant to your job function, which you can then customize to support your specific process. Visit the FactSet stand to see a demo of our latest solutions: Equity Analysis, Economics and Market Analysis, Portfolio Analysis, Quant and Risk Analysis, Fixed Income Analysis and Research Management Solutions. Solutions for Wealth Managers Gain a solution that offers everything you need to protect and grow your clients’ assets. FactSet's package for Wealth Managers offers unparalleled transparency and precision, so your method of managing and growing assets is understood, trusted, and preferred. Stay on top of your clients’ portfolios, streamline communication, create account review documents and analyze multiple asset classes.. Many more… Learn more about FactSet’s personalized workspaces designed for Investment Managers, Hedge Funds, Investment Bankers, Quantitative Research and many more. Learn more, visit www.factset.com or stop by the FactSet stand. 110 NOTES

111 FIDA ownes and manages a database covering all of the ADDRESS: most important financial markets (stocks, bonds, mutual C.so Duca degli Abruzzi 65 - Torino funds, ETF) and provides tailored data feeds targeted to applications, databases or websites. CONTACT PERSON: Data feeds are completely tailored. Fida designs the feeds Gianni Costan both in terms of quantity of instruments and deepness of profile contents right the way its clients need. ROLE: A specialized team is involved in continuos database CEO updating, worth more than 50.000 financial activities. Fida grants information completness – prices and funds NAV, TEL: +39 0115813777 historical series, profile contents. Moreover Fida receives and puts into effect laws and fiscal E-MAIL: regulations for all of the different financial instruments. [email protected] Fida is the owner of the largest and most complete database in Italy. WEBSITE: Fida develops complete suites for finance professionals. www.fidaonline.com Besides products Fida is active also in software consultancy and development of specific projects on behalf of its customers

PRODUCT/SERVICE DESCRIPTION

FIDAWORKSTATION Intended for financial advisers and planners. Among its targets: portfolio analysis, MiFID compliance, asset selection, risk management.

FONDIDOC Free Web site providing a complete and exhaustive information about mutual funds and SICAV including all the legal documentation

SOFTWARE CONSULTANCY, DESIGN AND Projects and consultancy DEVELOPMENT Fida Informatica exposes its skills and resources to create software projects, with specific focus on financial platform, both front and back end

112 NOTES

November 24th, 2014 – from 15:45 to 16:20 – Conference Room C

Luca Lodi, Head of Research

“FIDAworkstation: strumenti di gestione portafoglio e controllo del rischio”

113 Finimmo Luxembourg is a service provider of financial services ADDRESS: operating under License Number 26/12.The company is registered as 18,rue Robert Stumpert, a professional entity by the Luxembourg Financial Sector Surveillance Commission(www.cssf.lu). It specializes in consulting and L-2557 Luxembourg structuringthe management of foreign real estate investments. From its founding in 2003 the group has acquired know-how that is highly valued by important market players. Investing inforeign real estate CONTACT PERSON: requires extremely rigorous evaluation of allthe aspects of the Walter Snyder property itself as well as the objectives of theinvestor. It is herefore necessary to consider these objectives with attention to the relevant legal and financial jurisdictions of every country involved. These ROLE: relations are regulated by bilateral agreements that are often rather Ticino Representative complicated. In these circumstances misconstruing a minor detail or neglecting to respect a legal requirement may compromise an entire operation. Thanks to its strict policy, its experienced staff and its TEL: +41 78 646 84 26 partners the Finimmo group currently offers solutions to complex legal and financial problems that are continually changing in their E-MAIL: nature. These difficulties are often neglected but are still a cause of [email protected] problems for asset management and questions of inheritance. WEBSITE: www.finimmo.com

PRODUCT/SERVICE DESCRIPTION

Finimmo provides services for the acquisition, administration and sale of real estate Real Estate Investment with attention to legal and fiscal aspects to help investors make the right decisions. Securitization is part of this process.

Finimmo provides a wide range of fiduciary services like accounting, auditing, Fiduciary Services company setup, domicile, compliance, company administration, tax declaration, company administration and many others.

Finimmo provides a complete range of services for managing and administering real Real Estate Management estate investment. This includes financing, administration, supervising construction, managing personnel and all other aspects of property management.

114 NOTES

November 24th, 2014 – from 9:30 to 10:10 – Conference Room B

Walter Snyder, Ticino Representative

“Luxembourg Funds, Services and Solutions: Opportunities for Italy and Ticino”

115 Finlabo Investments Sicav is a SICAV harmonized as Part I of AUM (as of October 31, 2014): €87,6 MLN the Luxembourg law of 20th December 2010 (UCITS IV), authorized for sale in Italy. Finlabo Investments Sicav was ADDRESS: launched on 18th May 2010 and is currently composed of Rue de la Vallée , Luxembourg three sub-funds: Finlabo Investments Sicav – Dynamic Equity CONTACT PERSON: Finlabo Investments Sicav – Dynamic US Equity Alessandro Guzzini Finlabo Investments Sicav – Dynamic Emerging Markets The objective of the SICAV is to offer institutional and ROLE: private investors a set of alternative strategies with Director different risk-return profiles, capable of creating value through a highly and a quantitative TEL: +39 071 7575053 approach. The management strategy followed by Finlabo (investment manager) Investments Sicav is based on the use of quantitative models developed by the investment manager Finlabo SIM, E-MAIL: which are used to implement both the stock picking process [email protected] and the dynamic hedging process of the equity exposure. WEBSITE: www.finlabosicav.com

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Finlabo Investments Sicav-Dynamic Luxembourg Sicav Ucits IV A long short equity fund investing in Equity Europe.

Finlabo Investments Sicav- Dynamic Luxembourg Sicav Ucits IV A long short equity fund investing in US Equity North America

Finlabo Investments Sicav - Dynamic Luxembourg Sicav Ucits IV A long-short equity fund investing on Emerging Markets Emerging Markets

116 NOTES

November 24th, 2014 – from 10:020 to 11:00 – Conference Room C SPEAKING SLOT Alessandro Guzzini, CEO

“European Economy between deflation risk and stimulus hope: what strategy for European Equity Market?”

117 Established in 1983, GAM is an independent, active asset AUM (as of 30 June 2014): manager and member of the GAM Holding Group. We CHF 119.6 billion deliver investment solutions to institutions, intermediaries and private clients from offices in financial centres around ADDRESS: the world. Our capabilities span investment strategies Hardstrasse 201, P.O. Box, 8037 Zurich across equity, fixed income, absolute return, alternative investments, discretionary portfolio management and CONTACT PERSON: tailored investment solutions. Our aim is to deliver strong, Erwin Fedier long-term returns for our clients through some of the world’s most talented investment managers. Our focus on ROLE: performance, risk management, uncompromising Client Director investment standards and partnership with our clients enables us to achieve that objective. GAM Holding AG has TEL: +41 (0) 58 426 31 35 assets under management of CHF 119.6 billion (Source: GAM Holding AG. Data as at 30 June 2014) and employs E-MAIL: [email protected] over 1,000 staff with offices in 11 countries. WEBSITE: www.gam.com

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

GAM Star Cat Bond UCITS – Ireland Fixed Income - Specialist GAM Star China Equity UCITS – Ireland Equity - China GAM Star Credit Opportunities UCITS - Ireland Fixed Income - Credit GAM Star Discretionary FX UCITS – Ireland Absolute Return - Currency GAM Star Global Rates UCITS - Ireland Absolute Return – Macro/Managed Futures

GAM Star North of South UCITS - Ireland Equity – Emerging Markets GAM Star (Lux) – Emerging Alpha SICAV - Luxembourg Absolute Return - Equity Long/Short GAM Star (Lux) – Convertible Alpha SICAV – Luxembourg Absolute Return – Fixed Income

118 NOTES

November 25th, 2014 – from 15:30 to - 16:15 Conference Room B

Enrico Camera , Senior Fund Manager

“PANEL: Absolute Return Strategies ”

November 25th, 2014 – from 14:45 to 15:30 – Conference Room A

Adrian Owens, Investment Director

“Rates & FX: Double Digit Returns In A Low Yield Environment”

119

Gamma Capital Markets Ltd is an independent and ADDRESS: regulated Investment Management Company located in Gamma Capital Markets Limited, Malta and established in 2011. The Company offers asset First Floor, Valletta Buildings, management and advisory services to professional clients, South Street, Valletta-Malta including Collective Investment Schemes (CIS) that are under European Union regulations as well as other main CONTACT PERSON: jurisdictions. In addition, as a recognized Financial Service Alexander Vella Provider, Gamma Capital Markets Ltd offers Fund related services that are required for the establishment and ROLE: subsequent daily operations of Funds. The company qualify Director of Gamma Capital Markets as an UCITS Management Company as well as an Alternative Investment Fund Manager (AIFM) and accordingly has a TEL: +356 22 485 200 dual authorisation in terms of both the UCITS and AIFM Directives. The company is authorized to provide E-MAIL: Management and Advice Services to professional clients [email protected] and UCITS’ compliant Funds and it is proudly the appointed Investment Manager to EIGER Sicav plc, a UCITS Sicav WEBSITE: under the Malta Financial Services Authority (MFSA) www.gammacm.com.mt jurisdiction. EIGER Sicav plc offers its clients a series of boutique investment strategies, with an investment philosophy driven by the intention to provide sustainable and solid growth combined with a continuous consideration of wealth preservation. Within the context of the strategic investment decisions, the management is guided by an overall Big Picture, being that of taking into account the larger context of global markets, geo-politics, economic developments and trends.

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Gamma Capital Markets Limited Liability Company Financial Intermediary (Asset Manager

Eiger Sicav Sicav UCITS Investment

120 NOTES

121 IG is a global leader in online trading and the world’s No.1 ADDRESS: provider of CFDs*: versatile trading products, allowing users 42 Rue du Rhône, 1204 Geneva to profit from positive or negative movements in shares, indices, forex and commodities, without having to own the CONTACT PERSON: underlying instrument. Maria Antonietta Potsios IG obtained the Swiss banking license and opened its Swiss premises in Geneva in October 2014. ROLE: With over 40 years of industry know-how, IG provides to Head of Marketing & PR private and institutional clients in Switzerland: • Access to over 10 000 markets TEL: 022 888 10 74 • Sophisticated trading tools, backed by powerful technology E-MAIL: • Low margins and competitive charging [email protected] • Expert analysis and insights • Client skills training such as seminars, webinars and WEBSITE: ongoing support. www.ig.com IG Bank S.A. registered address at 42 Rue du Rhône, 1204 Geneva. Authorised and regulated by FINMA. *Largest retail CFD provider by revenue (excluding FX). Source: Published financial statements, as of July 2014.

IG Bank , 42 Rue du Rhône, Ginevra Fouad Bajjali, CEO IG Bank 122 NOTES

November 255h, 2014 – from 16:15 to 17:15 – Auditorium A

Fouad Bajjali, CEO - IG Bank

PANEL “The online trading market in Switzerland”

123 ING Investment Management International (ING IM AUM (as of 30.06.2014): International)* is the asset EUR 177bln ** manager of NN Group N.V., a publicly traded corporation. (USD 242bln**) ING IM International is head-quartered in The Hague, The Netherlands. ING IM International manages in aggregate ADDRESS: approximately EUR 177bln** (USD 242bln**) in assets for ING Investment Management institutions and individual investors worldwide. ING IM (Switzerland) Ltd. International employs over 1100 staff and is active in 18 Schneckenmannstrasse 25 countries across Europe, Middle East, Asia and U.S. 8044 Zürich *The term 'ING IM International'' refers to the business in Europe, Middle East, , Japan and U.S. (Atlanta & CONTACT PERSON: New York). ING IM International is part of NN Group N.V., a Christoph Tanner publicly traded corporation, and it and its subsidiaries are currently using trademarks including the "ING" name and ROLE: associated trademarks of ING Groep N.V. (ING Group) under Client Service & Relationship Manager license. NN Group is currently 68.1% owned by ING Group. TEL: +41 58 252 55 75

E-MAIL: [email protected]

WEBSITE: www.ingim.ch

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

ING (L) Renta Fund First Class Yield Luxembourg domiciled, UCITS IV Fixed Income Opportunities

ING (L) Renta Frontier Markets Debt Luxembourg domiciled, UCITS IV Fixed Income (Hard Currency)

ING (L) Invest Global High Dividend Luxembourg domiciled, UCITS IV Equity

124 NOTES

125 Lamiafinanza.ch is an online magazine dedicated to financial ADDRESS: information and investment issues addressed to both retail readers and financial operators. Lamiafinanza.ch makes of Corso Elvezia 10 simplicity, clarity, completeness and independence of news and 6900 Lugano Switzerland texts its main objective. The main highlights of Lamiafinanza.ch can be summarized as CONTACT PERSON: follows: Danila Rizzi • translate into a comprehensible language the typical terminology of the financial world; ROLE: • spread independent, authoritative and timely information of Business Development Manager high value; • create knowledge of topics which too often are taken for TEL: granted; • increase the independence of savers whilst choosing their +41 (0)79 120 37 20 investments; +41 (0)91 224 72 50 • analyze and provide objective evaluation with regard to financial tools and products. E-MAIL: Lamiafinanza.ch is a unique “communication channel” for a wide [email protected] range of players in the financial, insurance, advisory, commodity, art, legal and fiscal sectors. Our partners have the possibility to WEBSITE: create their own branded page, publishing and collecting www.lamiafinanza.ch educational articles, interviews or videos on specific instruments, analysis and market trends. This branded page represents a real mini-website with the company’s logo and description, contact information and list of main services, ensuring the highest visibility within our fast growing readers’ community.

PRODUCT/SERVICE DESCRIPTION

Articles/Interviews/Videos This is an opportunity for our partners to publish articles, interviews, videos with their own logo about financial topics, creating knowledge on their skills. For all the material published lamiafinanza,ch provides a monthly basis statistics on the volume / quality of generated contacts

Banners Different kinds of banners to promote advertising messages, linked to advertiser’s own website

126 NOTES

127 We are a Swiss Limited company regulated by the Swiss AUM (as of November 2014): Association of Asset managers / SAAM. Lapis Asset CHF 100 Mio Management offers its Lapis CORE Portfolio approach to high net worth and institutional clients. ADDRESS: Lapis Asset Management Ltd invests globally across four Via Collina 9, 6962 main asset classes - Equities, Bonds, Real Estate & Lugano-Viganello Commodities - in equal proportion i.e. 25% in each asset class. The allocations to these asset classes are monitored CONTACT PERSON: quarterly and systematically rebalanced to the original 25% Andreas Wueger allocation, irrelevant to performance during the period. This investment strategy is designed to produce long term ROLE: returns which exceed that of nominal cash returns. More CEO importantly it minimizes volatility by taking advantage of the low correlations between the individual asset classes. TEL: +41 91 971 16 92

E-MAIL: [email protected]

WEBSITE: [email protected]

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

UBS Perles Linked to Lapis Core Tracker certificate Index basket: MSCI World (25%), iBoxx Portfolio (Multi-Asset Basket) partially CHF-currency hedged USD Treasuries Total Return Index (25%), expiry 02.11.2020 CMCI Composite CHF Excess Return SIX: LAPISP / VN: 22306675 (25%), FTSE EPRA/NAREIT Dev Index USD ISIN: CH0223066751 (25%)

128 NOTES

129 Lombard Odier Investment Managers is the asset AUM (as of 31.12.2013): USD 47.7 bn management unit of the Lombard Odier Group. We offer a range of innovative products including thematic investments, ADDRESS: convertibles, fundamentally weighted fixed income, absolute Sihlstrasse 20, 8001 Zürich return and . The Lombard Odier Group has a network of 25 offices around the world managing USD197.7 CONTACT PERSON: billion of which USD47.7 billion is managed by LOIM. We Marco Di Fante, Dijana Skoric believe that to consistently deliver performance over the long term requires independent thinking and a specialist approach. ROLE: For us, this specialist approach involves focusing on those Business Development Switzerland niche investment strategies where we believe that we can add real value for our clients. We strive to create greater TEL: +41 44 214 14 71 transparency in the sources of return by separating alpha and beta. For us, beta exposure should be systematic, cost efficient +41 44 214 14 23 and highly scalable while alpha should be unconstrained and adding real value for our clients. E-MAIL: [email protected] [email protected]

WEBSITE: www.loim.com

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Corporate bonds (Euro area and global). LOF – Euro BBB-BB Fundamental Luxembourg SICAV UCITS IV The Crossover segment BBB-BB (5B) LOF – Global BBB-BB Fundamental provides the investor with a yield pick up still keeping the medium rating of the fund Investment Grade.

Long-only multi-asset strategy fund LOF – All Roads Luxembourg SICAV UCITS IV which seeks to generate steady performance over market cycles applying the risk parity methodology. LOF – Emerging Equity Risk Parity Luxembourg SICAV UCITS IV Risk parity methodology applied to LOF (CH) – Global Equity Risk Parity Switzerland FCP emerging equities, global equities and LOF – Commodities Risk Parity Luxembourg SICAV UCITS IV commodities.

130 NOTES

November 245h, 2014 – from 17:15 to 18:15 – Auditorium A

Aurèle Storno (Head of the Asset Allocation Team – Lombard Odier)

“PANEL: Risk Parity and Beyond: how to best capture return premiums in a risk- balanced diversified portfolio?”

November 255h, 2014 – from 15:30 to 16:15 – Auditorium A

Kevin Corrigan (Head of Credit – Lombard Odier Investment Managers)

“The best of both worlds – seeking superior opportunities in High Grade and High Yield Credit: The crossover segment BBB-BB (5B)” 131 M&G is one of Europe’s largest active asset managers, AUM (as of 30 June 2014): known for its conviction-led and long-term approach to 316.8 bn EUR investing. These timeless investment principles are at the heart of our business, and remain as relevant today as when ADDRESS: we launched the UK’s first mutual fund back in 1931. For M&G International Investments over 80 years we have been developing funds across the key Switzerland AG asset classes, covering fixed income, equity, multi-asset and Bahnhofstrasse 100 real estate. Today, our total assets under management have 8001 Zurich - Switzerland grown to 316.8 bn EUR (as at 30 June 2014). CONTACT PERSON: Valentine Bugeja

ROLE: Sales Manager Switzerland

TEL: +41 22 819 1728

E-MAIL: [email protected]

WEBSITE: www.mandg.ch

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

M&G Optimal Income Fund OEIC Fixed Interest

M&G Dynamic Allocation Fund OEIC Multi Asset

M&G Global Emerging Markets Fund OEIC Equities

132 NOTES

133 Morgan Stanley ’s Multi-Asset Platform (“Platform”) is able ADDRESS: to wrap liquid hedge fund strategies and Morgan Stanley 20 Bank Street, London E14 4AD systematic strategies in a variety of different investment vehicles. Investors can get access via (funded or unfunded) CONTACT PERSON: instruments to an extensive range of strategies across asset Federico Foglietta classes. Total assets exceed USD 9.3bn billion Jun-14), across more than 60 strategies within Fixed Income, CTAs & TEL: +44 (0)207 4253539 FX, Equity and Commodities, of which our Third Party UCITS

HF Platform (“FundLogic Alternatives”) represents E-MAIL: approximately $2.9bn (Sep-14). The Platform can fulfil [email protected] investor needs in terms of regulatory (UCITS), leverage, solvency, Basel and fiduciary. WEBSITE: The Platform delivers a transparent single reporting www.fundlogic.com interface for both managers and investors, allowing performance & risk reporting.

Fund Name Category AUM (USD)

MS Algebris Global Financials UCITS Fund Global - Equity Long/Short 30M

MS Alkeon UCITS Fund Global – Equity Long/Short 254M

MS Ascend UCITS Fund US - Equity Long/Short 169M

MS Turner Spectrum UCITS Fund US - Equity Long/Short 34M

Indus PacifiChoice Asia Fund Asia - Equity Long/Short 168M

MS Dalton Asia Pacific UCITS Fund Asia - Equity Long/Short 73M

MS Nezu Cyclicals Japan UCITS Fund Asia - Equity Long/Short 79M

MS Kairos Enhanced Selection UCITS Fund Europe - Equity Long/Short 64M

MS Claritas Long Short Market Neutral UCITS Fund Brazil - Equity Long/Short 10M

MS PSAM Global Event UCITS Fund Global -Event Driven 1342M

Salar Convertible Absolute Return Fund Global - Fixed Income, Credit and 273M Convertible

MS TCW Unconstrained Plus Bond Fund Global - Fixed Income, Credit and 99M Convertible

MS Broadmark Tactical Plus UCITS Fund Global - Macro 40M

MS SLJ Macro UCITS Fund Global - Macro 10M

MS QTI UCITS Fund Global - CTAs 6M

MS Long Term Trends UCITS Fund Global - CTAs 61M

MS Discretionary Plus UCITS Fund Global - CTAs 3M

MS Lynx UCITS Fund Global - CTAs 25M

Indus Select Asia Pacific Fund Asia – Long Only 34M 134 NOTES

November 25th, 2014 – from 14:45 to 15:30 – Conference Room B

Federico Foglietta, Vice President

“L’uso di fondi UCITS alternativi nella gestione del portafoglio”

135 AUM (as of 30/06/14): $ 930.5 Billion Natixis Global Asset Management ($930.5 billion AUM1) is a multi-affiliate organization that offers a single point of ADDRESS: access to more than 20 specialized investment firms in the NGAM SA – Succursale Italiana U.S., Europe and Asia. The firm ranks among the world’s via Larga 2 – 20122 Milan, Italy largest asset managers.2 Through its Durable Portfolio Construction® philosophy, the company is dedicated to CONTACT PERSON: providing innovative ideas on asset allocation and risk Antonio Bottillo, management that can help institutions, advisors and Managing Director individuals address a range of modern market challenges. Franz Welponer, Head of Wholesale Distribution Italy, 1 Net asset value as of June 30, 2014. Assets under management (AUM) Malta, Greece & Ticino may include assets for which non-regulatory AUM services are provided. Sonia Selmi, Non-regulatory AUM includes assets which do not fall within the SEC’s Sales Manager - Wholesale Distribution definition of ‘regulatory AUM’ in Form ADV, Part 1. 2 Cerulli Quantitative Update: Global Markets 2014 ranked Natixis Global Italy, Malta & Ticino Asset Management, S.A. as the 16th largest asset manager in the world based on assets under management ($867.2 billion) as of December 31, TEL: +39 0272730520 2013. E-MAIL: [email protected] [email protected]

WEBSITE: www.ngam.natixis.it www.durableportfolios.it FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Loomis, Sayles & Company Flexible, go-anywhere multi- LOOMIS SAYLES MULTISECTOR Actively managed equity, fixed sector Bond portfolio. INCOME (IE00B23XCZ83) income and alternative investments since 1926

H2O Asset Management International bond fund aimed at H2O MULTIBONDS (FR0010930438) Alternative global fixed- income and delivering performance, global macro management liquidity and transparency

Harris Associates Employs a disciplined value HARRIS ASSOCIATES GLOBAL EQUITY Consistent approach to Equity approach and long-term absolute (LU0130103749) . return orientation.

136 NOTES

137 ADDRESS: 75 Prodromou Avenue Oneworld House, P.O. Box 25207, Nicosia 1307, Cyprus At Oneworld ltd in Cyprus we provide business solutions to CONTACT PERSON: Savvas Shiatis clients. A significant proportion of our business is trust and ROLE: Director corporate registration and administration for private TEL: +357 22 496 000 individuals. We set-up and administer their individualized tax E-MAIL: [email protected] efficient structures. Our affiliated Oneworld MidEast ltd WEBSITE: www.oneworldweb.net (OME) is established in Dubai. OME provides clients the ADDRESS: whole spectrum of corporate structures – in offshore, free Bayswater Tower, Office 1812 zones, mainland. Free zone and mainland entities benefit Al Abraj South Street, Business Bay from an extensive UAE tax treaty network and offshore are PO Box 333641, Dubai, UAE easy to set-up and flexible to use. Dubai offers a tax free CONTACT PERSON: Costas Ioannou environment with no corporation and income taxes, no ROLE: Manager exchange controls and trade barriers, no limit on repatriation TEL: + 971 45515693 of profits, strong incentives and pro-business regulations. E-MAIL: [email protected] And on top of this the secrecy, asset protection and WEBSITE: www.oneworldmideast.net restricted exchange of information which are so vital today.

PRODUCT/SERVICE DESCRIPTION

Our corporate services team provides an extensive range of services such as company formation in different jurisdictions, registration of overseas branches, redomiciliation of companies between different jurisdictions, corporate management and administration, Corporate and Trust Formations provision of professional, provision of nominee shareholders, company secretarial activities, including the maintenance of statutory records, registered and representative office facilities, establishment and administration of partnerships and trusts, professional trustee services, opening and management of bank.

Our experienced and knowledgeable team can support your company's strategic decisions and advise on: mergers & acquisitions, restructuring of businesses corporate finance, business plans, sale of businesses, business strategies, support companies that are aiming for listings on International Stock Exchanges, due diligence, voluntary liquidations, immigration services for expatriate employees (and families) from abroad Financial & Business Advisory for short term/long term assignments. Including working visas, registration with the tax offices, and obtain tax codes. We can identify potential acquisition targets, joint venture opportunities, provide expert guidance on the preparation of a prospectus and listing application. Our experience in dealing with funding agencies and finance institutions enables us to identify their requirements and assist you with presenting your case during the negotiation process. Our legal teams provide a range of legal services which include legal compliance, drafting Tax and Legal of agreements, minutes of shareholders’ and directors’ meetings, obtaining licenses, registration of legal entities, re-domiciliations and local companies in court on tax related matters. We can manage your accounting processes efficiently and provide you with the timely Global Compliance and accurate information and analysis. We do the same for your VAT compilations which we can submit. We provide payroll and human resource services for companies of any size. Our fund administration services include inter-alia, fund accounting and valuation services in compliance136 with IFRS and best accounting practices. NOTES

November 24th, 2014 – from 16:55 to 17:40 – Conference Room B

Costas Ioannou, CEO Oneworld MidEast

“Dubai a true Financial Centre»

Savvas Shiatis, CEO Oneworld Cyprus

«Cyprus for International Business”

139 INDEPENDENT ASSET MANAGEMENT ADVISOR

Portfolio Lab Investments is an Independent Asset ADDRESS: Management Advisor specialized in building investments Via G.B. Morgagni 28, 20129 Milan strategies. Italy Our core activities - include quantitative and fundamental in-house research, CONTACT PERSON: asset allocation, risk management and portfolio Danilo Calvi monitoring ; - follow in a complete and transparent way the most strict ROLE: standard of practice, without any conflicts of interests. Partner We mainly provide financial services to institutional investment professionals and high net worth individuals. TEL: +39 02 36535157 Portfolio Lab Investments do not manage directly clients’ investments. E-MAIL: [email protected]

WEBSITE: www.plabinvest.com

PRODUCT/SERVICE DESCRIPTION

ƒ Investment vehicles. We act as investment advisor for “Atomo Plab Flex Absolute Portfolio models Fund “ Sicav . for institutional investors ƒ Managed account. We deliver customized portfolios sharing with our clients the investment ideas behind their construction. Our customers can therefore add a market-experienced advisor on their allocations. As a result of the fiduciary agreement, the Client identifies a part of his portfolio to Portfolio Advisory be permanently overseen by the advisor according to his or her specific goals, thus for private investors preserving the unique management of the orders flow.

A monthly analysis of macro picture and markets dynamics, with a selection of key Market outlook themes and levels triggering asset allocation adjustments.

140 NOTES

November 25th, 2014 – from 15:30 to 16:15 – Conference Room B

Danilo Calvi , Founding Partner Portfolio Lab Investments

PANEL: "Absolute Return Strategies“

141 Raiffeisen Capital Management is part of Austria’s largest AUM (as of 30/09/2014): banking group and one of the leading asset management 30 BIO EUR companies in Austria. Headquartered in Vienna, the company currently manages around EUR 30 billion in assets ADDRESS: (as of September 2014). SCHWARZENBERGPLATZ 3, Raiffeisen Capital Management is focusing on fundamental A – 1010 VIENNA active management. The fact that Raiffeisen’s investment funds are managed in teams enables a high level of CONTACT PERSON: continuity in performance. Stéphane Matile Raiffeisen’s core competences are longstanding Expertise in Bond Management since 1985, profound Know-How in ROLE: Emerging Market Equities since 1994 and Innovative Multi Head International Clients Asset Solutions since 1998. As a company we also apply to the UNPRI principles and offer a range of SRI products to TEL: +43 1 71170 -3450 our investors. E-MAIL: [email protected]

WEBSITE: http://www.rcm-international.com/

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

Raiffeisen-Osteuropa-Aktien UCITS Eastern European Equities

Raiffeisen-Russland-Aktien UCITS Russian Equities; Cooperation with Raiffeisen Moscow Raiffeisen-Eurasien-Aktien UCITS Emerging European and Emerging Asian Equities

Raiffeisen-EmergingMarkets-Aktien UCITS Global Emerging Markets Equities

Raiffeisen 337 – Strategic Allocation UCITS Global Active Risk Balanced Allocation Master Raiffeisen-GlobalAllocation- UCITS Global Active Risk Parity with Asymmetry StrategiesPlus Raiffeisenfonds-Konservativ UCITS Flexible Fixed Income Fund

Raiffeisen-Global-Fundamental-Rent UCITS Global Fundamental Bond Fund

Raiffeisen-Osteuropa-Rent UCITS Eastern European Bonds

142 NOTES

November 24th, 2014 – from 17:15 to 18:15 – Conference Room A

Peter Schlagbauer (Fund Manager Multi Asset Solutions)

PANEL : “Risk Parity and Beyond: how to best capture return premiums in a risk- balanced diversified portfolio?”

November 25th, 2014 – from 14:00 to 14:45 – Conference Room A

Mark Monson, Senior Fund Manager Emerging Markets

“Not All Emerging Emerging Markets are Created Equal!”

143

RBC Global Asset Management™ (RBC GAM) provides a AUM (as of 30° June 2014): comprehensive range of investment solutions for investors US$326billion around the world. Operating within a common risk management and governance framework, each of our ADDRESS: 24 investment teams located in the United States, Canada, RBC Global Asset Management Europe and Asia has its own specialized disciplines and Riverbank House, 2 Swan Lane, London, accountabilities. Our clients are central to every decision we EC4R 3BF, United Kingdom make. Our culture demands excellence in client service, CONTACT PERSON: investment management and risk management.RBC GAM is Anne-Sophie Girault the asset management division of Oliver Cooper (RBC), and also includes BlueBay Asset Management and ROLE: Phillips, Hager & North Investment Management. As part of EMEA Business Development

RBC, RBC GAM has access to the infrastructure and TEL: +44 (0) 20 7429 8188 resources of the broader RBC organization, which enables +44 (0) 20 7429 8126 us to invest in and grow our business. RBC GAM traces its E-MAIL: roots back to 1933 and has grown both organically and [email protected] through strategic acquisitions. Today, the RBC GAM group [email protected] of companies manages more than US$300 billion and has approximately 1,200 employees across North America, WEBSITE: Europe and Asia. www.rbcgam.com

FUND NAME LEGAL STRATEGY- STRUCTURE CATEGORY RBC Funds (Lux) - Emerging Markets Equity Fund SICAV Equity

RBC Funds (Lux) - U.S. Small Cap Equity Fund SICAV Equity RBC Funds (Lux) - U.S. Mid Cap Value Equity Fund SICAV Equity RBC Funds (Lux) - Global Precious Metals Fund SICAV Equity RBC Funds (Lux) - Global Resources Fund SICAV Equity

RBC Funds (Lux) - Canadian Equity Value Fund SICAV Equity RBC Funds (Lux) – Global Equity Focus Fund SICAV Equity RBC Funds (Lux) – Asia Ex-Japan Equity Fund SICAV Equity RBC Funds (Lux) - Global Bond Fund SICAV Fixed Income RBC Funds (Lux) - U.S. Investment Grade Corporate Bond Fund SICAV Fixed Income RBC Funds (Lux) - Growth Portfolio SICAV Asset Allocation RBC Funds (Lux) - Balanced Portfolio SICAV Asset Allocation RBC Funds (Lux) - Conservative Portfolio 142 SICAV Asset Allocation NOTES

145 Schroders is an independent, global asset management AUM (as of 30/06/2014): CHF 411 bn company with over 200 years of financial experience which has resulted in a world-class approach to investment. At ADDRESS: Schroders, asset management is our business and our goals Central 2, 8001 Zürich are completely aligned with those of our clients - the Switzerland creation of long-term value. We currently manage over CHF 411 billion on behalf of our CONTACT PERSON: institutional, retail and private clients. Our aim is to apply Giampaolo Fabris our specialist asset management skills in serving the needs of our clients. With an international network spanning 37 ROLE: offices in 27 countries and over 393 investment Sales Director professionals covering the world’s investment markets, we offer our clients a comprehensive range of products and TEL: +41 44 250 12 79 services. Source: Schroders, all data as at 30 June 2014 E-MAIL: [email protected]

WEBSITE: www.schroders.ch

FUND NAME STRATEGY/CATEGORY

Fixed Income aims to seek out the best opportunities in global bond markets. By adopting a ‘best Schroder ISF Strategic Bond ideas’ philosophy the fund has the scope to invest across regions, asset classes and sectors with the greatest investment potential.

Fixed Income invests primarily in a diverse range of global bonds issued by governments and Schroder ISF Global Bond companies worldwide including fixed and floating rate securities. An investment in global bonds can provide the opportunity to reduce exposure to the equity markets, while benefiting from the lower volatility and counter- cyclicality that is typical of fixed income offerings.

Fixed Income aims to provide a return of capital growth and income primarily through investing Schroder ISF Euro Bond in government bonds which often provide a safe haven in times of risk aversion and corporate bonds which generally offer higher yields and the potential for higher returns over the longer term. 146 NOTES

November 25th, 2014 – from 10:10 to 10:50 – Conference Room B

Jonathan Harris, Fixed Income Product Manager

“Be ready to face any interest rate enviroment”

147 SELECTRA Management Company S.A. proposes itself as an ADDRESS: independent partner for the creation, management and 9, Rue Schiller L-2519, Luxembourg distribution of investment funds of European and non- European promoters. CONTACT PERSON: Incorporated on 16th July 2013 in the Grand Duchy of Marco Cipolla Luxembourg and supervised by the Commission de Surveillance du Secteur Financier (CSSF), SELECTRA was ROLE: created with the aim to act as a Management Company of Managing Partner UCITS, UCI, specialized investment funds (SIF), funds in risk capital (SICAR) and hedge funds. These vehicles should TEL: +352 26 20 22 81 implement, within their respective structures, a series of activities and control systems that we provide with a tailor- E-MAIL: made service, a limited “time-to–market” and affordable [email protected] costs. SELECTRA is both authorized as a UCITS and AIFM management company in Luxembourg. WEBSITE: Our values: Passion, Expertise, Engagement, Transparency, www.selectra.lu Solutions.

PRODUCT/SERVICE DESCRIPTION

SELECTRA determines the optimal fund structure to be set-up, defining the legal Fund structuring documentation and handling the approval of the fund with the CSSF (Luxembourg supervisory authority).

SELECTRA acts as Management Company for third party funds, providing investment Management Company management, administrative, distribution, marketing and risk management services, both under UCITS and AIFM Directives.

SELECTRA provides independent fund servicing for third party self-managed funds, Services supply supporting their governance.

SELECTRA acts as fund distributor due to its European passport supporting funds Fund distribution structuring marketing in different countries.

148 NOTES

149 SELECTRA Investments Sicav is a UCITS fund in AUM (as of 30/10/2014): EUR 66 million Luxembourg qualifying as an Undertaking for Collective Investment in Transferable Securities according to the EU ADDRESS: Directive of 2009. 11, rue Aldringen, L-1118 Luxembourg J. Lamarck Biotech is a sub-fund which aim to profit from increasing stock prices in the biotechnology sector. The CONTACT PERSON: focus is on pharmaceutical biotech companies worldwide Gianpaolo Nodari (mainly in US and secondly in Europe and Asia) that could become future leaders of the pharmaceutical industry. ROLE: Investment policy is concentrated on stock picking and Managing Partner of J. Lamarck S.p.A. financial analysis in order to create the best investment portfolio and the maximum result of the investment. TEL: +39 030-8362633 The sub-fund is distributed in Luxembourg, Italy and the Netherlands, with upcoming distribution in Switzerland and E-MAIL: listing on the ETFplus segment of Borsa Italiana. @lamarck.eu J. Lamarck Biotech has a four years track record, with an annualized return of 34% and a YTD return of 19% (as at WEBSITE: 31/10/2014). The sub-fund is both available for www.lamarcksicav.eu institutional (Class A) and retail investors (Class B) and denominated in USD (Class C).

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

J. Lamarck Biotech UCITS IV Luxembourg Sicav Biotechnology

150 NOTES

151 The Swiss Funds & Asset Management Association SFAMA, ADDRESS: which was established in 1992 with its registered office in Swiss Funds & Asset Management Basel, is the representative association of the Swiss fund Association SFAMA and asset management industry. Dufourstrasse 49, P.O. Box Its members include all the major Swiss fund management 4002 Basel / Switzerland companies, many asset managers, and representatives of foreign collective investment schemes. Among the SFAMA’s CONTACT PERSON: members there are also numerous other service providers Markus Fuchs operating in the asset management sector. The SFAMA is an active member of the Brussels-based ROLE: European Fund and Asset Management Association Managing Director (EFAMA) and the International Investment Funds Association (IIFA) in Montreal. In the alternative TEL: +41 (0)61 278 98 00 investments sector, it works together with the London- based Alternative Investment Management Association E-MAIL: (AIMA). [email protected]

WEBSITE: www.sfama.ch

152 NOTES

November 24th, 2014 – from 14:00 to 16:15 – Conference Room B

“SFAMA Session"

Swiss Asset Management Initiative – Where we are, where we go: Markus Fuchs, Managing Director

Federal Financial Services Act (FFSA) + Financial Institutions Act (Finla) – Wrapping the asset management : Diana Imbach Haumüller, Senior Legal Counsel

SFAMA Directive on Transparency + SFAMA Directive on Distribution – Impact on representatives and distributors: Thomas Zimmerli , Senior Legal Counsel

153 SIX Swiss Exchange is the leading independent exchange in ADDRESS: Europe. We connect companies from around the world with SIX Swiss Exchange Ltd international investors and trading participants and are an SIX Structured Products Exchange Ltd ideal listing location. With the world’s fastest trading Selnaustrasse 30 technology X-stream INET we offer our trading participants 8021 Zurich excellent trading conditions. We maintain a close dialogue with both our domestic and foreign customers and offer CONTACT PERSON: them access to a strong global network. André Buck SIX Structured Products, the only Swiss exchange for structured products allows the flexible and precise use of ROLE: structured products to fulfill individual investment and Head Sales diversification requirements, whether pro-risk, defensive or against the current. As an exchange, SIX Structured TEL: +41 (0) 58 399 2979 Products always offers safe waters for trading thanks to maximum transparency, efficiency and dependability. E-MAIL: Thanks to its innovative and needs-driven approach, it has [email protected] been providing collateral for structured products since 2010 in an internationally unique manner: minimal issuer risk WEBSITE: with COSI®. www.six-swiss-exchange.com www.six-structured-products.com

PRODUCT/SERVICE DESCRIPTION

The Swiss exchange for structured products has moved the market and set new standards. It works to make the market for structured products more transparent, Structured Products provide education on relevant issues and to create a basis of trust for all market participants. It provides transparency, security and high quality for members and investors alike.

COSI® - Collateral Secured Instruments are structured products with a minimal COSI® by SIX counterparty risk. This protection is provided by means of a collateral pledge. Investors thus profit from increased protection on the invested capital. SIX Swiss Exchange offers an extensive range of both active and passive ETFs. This ETFs choice of products can help to achieve individual investment goals - simply, securely

and at low cost.

Sponsored Funds are traded like ETFs or Structured Sponsored Funds Products in a market making segment, allowing investors to achievereact even faster to market developments and to know immediately which price was d

154 NOTES

November 24th, 2014 – from 14:00 to 16:00 – Conference Room A

“ETDP Stram « by SIX

Welcome Speech: Alain Picard (Head Product Management- SIX); André Buck (Head Sales – SIX) Sponsored Funds: Oliver Heusser (Head Funds Secondary Trading – Bank Julius Baer&Co) Pension solutions: Michael Koelliker (Structured Asset Management – Leonteq Securities) PANEL: Challenges, innovations & trends associated with passive investment products: Martin Raab (Managing Editor – Derivative Partners); Claudio Topatigh (Head Sales Structured Products – Notenstein Privatbank); Reda Zebdi (iShares); Benoit Garcia (Head of Sales ETF & Indexing Switzerland – Amundi); Eric Blattmann (Head of Public Distribution Fin. Products – Bank Vontobel) Where are the world economy and financial markets going? Dominick Salvatore (Professor of Economics – Fordham University in NY) 155 Andreas Steiner Consulting is a consulting ADDRESS: boutique offering truly independent qualitative Andreas Steiner Cosulting GmbH, Fabrikstrasse 6, and quantitative solutions related to 8340 Hinwil, Switzerland investment performance, risk management, portfolio construction and asset allocation. We CONTACT PERSON: are specializing in highly customized and cost- Andreas Steiner effective solutions suitable for investment managers, family offices and institutional ROLE: investors. Owner / Managing Consultant

TEL: +41 79 652 28 70

E-MAIL: [email protected]

WEBSITE: www.andreassteiner.net/consulting

PRODUCT/SERVICE DESCRIPTION

ƒ "Advanced Portfolio Analytics .NET Library“ is a collection of Software quantitative functions related to performance analysis, investment «Advanced Portfolio Analytics risk management and portfolio construction. Library .NET» ƒ The library is sold as an Excel add-in, .NET component or Web Apps. For more information, see www.apalibnet.com ƒ We offer various courses related to portfolio analytics. For more Training information, see www.andreassteiner.net/seminar ƒ The public courses or any combination of topics is also offered as inhouse trainings. Please contact us by email for more information • We are consulting instituional investors, banks and software Consulting companies on a wide range of topics related to investment management. • For more information, see www.andreassteiner.net/consulting

156 NOTES

November 24th, 2014 – from 17:15 to 18:15 – Conference Room A

Andreas Steiner, Founder

“PANEL: Risk Parity and beyond: how to best capture return premiums in a risk- balanced diversified portfolio?”

157

7 AUM (as at 30 September 2014): CHF 124.1 billion (GAM Holding AG) ADDRESS: Swiss & Global Asset Management Ltd., Hardstrasse 201, P.O. Box, 8037 Zurich CONTACT PERSON: Martin Jürg Peter Elia di Nardo ROLE: Private Labelling Europe Swiss & Global Asset Management is part of GAM Holding Relationship Manager AG, an independent, pure-play asset management group. It Wholesale Switzerland offers a comprehensive range of investment funds, TEL: institutional solutions and private labelling services. Swiss & 058 426 62 37 Global Asset Management is focused on actively managing 058 426 63 73 sophisticated investment solutions and delivering client- E-MAIL: driven, customised services. With a 40-year history in the [email protected] asset management business, Swiss & Global Asset [email protected] Management has established a reputation as a professional WEBSITE: www.swissglobal-am.com and reliable partner. Created out of Julius Baer Asset Management in October 2009, Swiss & Global Asset Management is the exclusive provider of Julius Baer funds. It combines Swiss roots – in the form of long-standing client relationships and a focus on quality – and a network that spans the globe, with more than 1,000 distribution partners in some 30 countries. GAM Holding AG is listed on the SIX Swiss Exchange. The Group had assets under management of CHF 124.1 billion (as at 30 September 2014) and employs over 1,000 staff with offices in 11 countries. For more information, please visit www.swissglobal-am.com.

FUND NAME LEGAL STRATEGY-CATEGORY STRUCTURE

JB Japan Stock The Japan Stock Fund invests in selected Japanese equities. The strategy is based on a Fund SICAV multi-manager principle and combines a focused, strict bottom-up approach and a broad-based systematic value approach. / Equities

JB Absolute The JB Absolute Return Europe Equity Fund seeks positive absolute returns regardless Return Europe SICAV of market conditions at significantly lower volatility than equity markets. It follows a Equity Fund disciplined market and sector-neutral pair trading approach. / Equities

JB Euroland The JB Euroland Value Stock Fund invests in some 25 attractively valued eurozone Value Stock Fund SICAV stocks. It applies an active stock selection approach based on a disciplined bottom-up process. The portfolio manager of the fund has more than 25 years of experience in European equity investing. / Equities JB Emerging The JB Emerging Markets Opportunities Fund applies an active, unconstrained, best Markets SICAV ideas approach to emerging market debt investing. The country and debt selection Opportunities are based on a skilled combination of fundamental and valuation analysis. / Fixed Bond Fund Income JB Total Return SICAV The JB Total Return Bond Fund aims to achieve steady positive returns through Bond Fund interest income and capital gains by investing predominantly in government and corporate bonds worldwide. Dynamic risk allocation is intended to actively increase expected returns, but not risk, over time. / Fixed Income 158 NOTES

November 25th, 2014 – from 11:10 to 11:40 a.m. – Conference Room B JB Absolute Return Europe Equity Fund: un vero e proprio fondo “equity market neutral”

Désirée Müller, Portfolio Manager

November 24th, 2014 – from 16:45 to 17:15 p.m. – Conference Room A «Opportunity in the Hybrid Bond Space»

Joël Suter, CIO Crossinvest AG

Sergio Attili, Investment Advisor Independent Capital Advisor

159 CONTACT PERSON FOREX : Dante Buonsanto ROLE: Fornitore di servizi finanziari online leader in Svizzera, Senior FX Sales eForex Swissquote propone ai suoi clienti soluzioni finanziarie e Private Clients & Partners strumenti di analisi. Sulla sua piattaforma Internet di facile TEL: 058 7219362 utilizzo, i clienti possono avvalersi di vari servizi online, dalle E-MAIL: soluzioni di negoziazione («Trading») alla contrattazione di valute («eForex») e dalla gestione privata («ePrivate [email protected] Banking») agli strumenti di risparmio e ai mutui ipotecari WEBSITE: («eClassics»). www.swissquote.com/fx Oltre a offrire soluzioni a prezzi vantaggiosi ai suoi clienti privati, Swissquote propone anche servizi specifici ai gestori CONTACT PERSON patrimoniali indipendenti e ai suoi clienti aziendali. B2B- Trading-PrivateClients: Swissquote è quotata al SIX Swiss Exchange (SQN) e Simon Morgenthaler dispone di licenza bancaria in Svizzera. È soggetta alla ROLE: supervisione dell’Autorità federale di vigilanza sui mercati Head Sales eTrading finanziari (FINMA) ed è membro dell’Associazione svizzera Private Clients & Partners dei banchieri. TEL: +41 44 825 88 09 E-MAIL: [email protected] WEBSITE: www.swissquote.ch

PRODUCT/SERVICE DESCRIPTION

Più di 1,9 milioni di prodotti Accesso ai principali mercati finanziari mondiali Trading Azioni, , ETF, obbligazioni, opzioni e future, fondi Strumenti di analisi innovativi e di facile utilizzo Prezzi convenienti per servizi trasparenti Informazioni finanziarie in tempo reale

Più di 70 coppie di valute Più di 20 materie prime globali Forex 10 Indici di Borsa Dimensioni delle transazioni flessibili Piattaforme desktop, web o mobile, inclusa la piattaforma MT4 Offerta speciale per Money Manager, Introducing Broker, soluzioni White Label e soluzioni di liquidità

Servizi di gestione patrimoniale online Interfaccia e design estremamente facili da usare ePrivate Banking Offerta di strumenti di gestione di facile utilizzo Proposte adattate al profilo del cliente Gestione automatica del portafoglio cliente Controllo continuo sulle decisioni relative alla gestione 160 NOTES

November 24th, 2014 – from 11:10 to 11:45 – Conference Room C

Peter Rosenstreich, Market Strategy

“Outlook 2015 on the main currency”

161 AUM €579bn (CHF 699bn) Founded in 1937 by Thomas Rowe Price, Jr., T. Rowe Price is (as of 30 September, 2014): an independent investment management firm solely focused on providing investment management and long-term results ADDRESS: for our clients. 65 Talstrasse, 8001 Zurich A global firm, operating in 12 countries across Europe, the Americas, Asia and the Middle East, managing over €579bn CONTACT PERSON: (CHF 699bn) in assets across a full range of investment Paolo Corredig strategies. We employ 5,824 people worldwide, including 449 investment professionals and 103 portfolio managers ROLE: with an average 22 years’ investment experience and 14 Head of Intermediary Relationship years’ tenure with the firm. Management, Switzerland Our significant organisational and financial stability (no long- term debt, significant liquid assets and shareholder equity) TEL: +41 44 227 1563 and experience through all types of market conditions contribute to a proven business strategy designed to produce E-MAIL: strong performance for the long-term. [email protected]

WEBSITE: www.troweprice.com T. ROWE PRICE FUNDS STRATEGY-CATEGORY MORNINGSTAR RATING SICAV (I Class)

Global Growth Equity Global Equity

European High Yield European Fixed Income

US Large Cap Growth US Equity US Large Cap Value US Equity

US Blue Chip1 US Equity European Equity European Equity European Smaller Companies European Equity Global Emerging Markets Equity Emerging Markets Equity Global Focused Growth Global Equity Asia ex Japan Equity Asia-Pacific Equity Global Aggregate Bond Global Fixed Income European Corporate Bond European Fixed Income 162 NOTES

Paolo Corredig Head of Intermediary Relationship Management, Switzerland

The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). The Funds are offered on the basis of the Key Investor Information Documents, the prospectus and the annual and semi-annual reports (together “Fund Documents”). This document does not constitute investment advice - investors should ensure they understand the legal, regulatory and tax consequences of an investment in the Fund. Issued in Switzerland by T. Rowe Price (Switzerland) GmbH ("TRPSWISS"), Talstrasse 65, 6th Floor, 8001 Zurich, Switzerland. T. ROWE PRICE, INVEST WITH CONFIDENCE and the Bighorn Sheep design are, collectively and/or apart, trademarks or registered trademarks of T. Rowe Price Group, Inc. in the United States, European Union, and other countries. This material is intended for use only in select countries © 2014 Morningstar. Data as at 31 October 2014. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 1 A Class, as I Class is unavailable 2014-GL-1063 163 AUM : USD 100 Billion as of June 30th 2014

Specialising in wealth management for private and ADDRESS: institutional clients, Union Bancaire Privée (UBP) is one of Union Bancaire Privée (Europe) SA the largest and best-capitalised Swiss private banks. Succursale di Milano Commitment, innovation and entrepreneurial spirit drive Via Monte di Pietà 21 UBP to develop tailor-made, innovative investment 20121 Milano (IT) solutions aimed at creating lasting value for its clients. With assets under management of over USD 100 billion, a CONTACT PERSON: professional workforce of 1,300 and a presence in twenty Luca Gabriele Trabattoni locations worldwide – including ten booking centres –, UBP combines global expertise with local know-how. ROLE: Many of UBP’s products and services are singled out by Managing Director leading independent agencies. In 2014, UBP was awarded Best Fund Manager in Switzerland and Liechtenstein by TEL: +39 02 86 337 321 WealthBriefing and Best Emerging Markets Fund Manager at the European Manager at the European Pensions Awards E-MAIL 2014. A number of UBP’s investment strategies have also [email protected] been recognised at European level by Lipper in the 3-year, 5-year and 10-year categories. WEBSITE: https://www.ubp.ch

FUND NAME LEGAL STRUCTURE STRATEGY-CATEGORY

UBAM - Global Credit Opportunities Open-end Luxembourg SICAV Fixed Income Absolute Return Bond - Obbligazionari altre specializzazioni

UBAM - Global High Yield Solution Open-end Luxembourg SICAV Global High Yield - Obbligazionari globali high yield UBAM - Emerging Market Corporate Bond Open-end Luxembourg SICAV Emerging market Corporate Bond -Corporate Obbligazionari paesi emergenti UBAM - 10-40 Convertible Opportunities Open-end Luxembourg SICAV Low delta Convertible Global - Obbligazionari altre specializzazioni UBAM - Europe Equity Open-end Luxembourg SICAV Europe Equity - Azionari Europa

UBAM - SNAM Japan Equity Value Open-end Luxembourg SICAV Japan Equity Value – Azionari Giappone

164 NOTES

WILL NEF (Fund Manager – UBP) November 25th, 2014 (15:30 - 16:15) Conference Room B PANEL: Absolute Return Strategies

November 25th, 2014 – from 15:30 to 16:15 – Conference Room B

WILL NEF, Fund Manager

“PANEL: Absolute Return Strategies”

165 AUM (as of June 2014): CHF 621 billion UBS Global Asset Management Switzerland builds bridges between client needs and the investment universe. Our ADDRESS: committed service aims to provide clients with UBS AG, Stockerstrasse 64, collaboration that is pleasant and focused on success. We 8002 Zurich combine global expertise with profound knowledge of the

Swiss market to develop tailored investment solutions. CONTACT PERSON: We offer our clients direct access to a global network of Robert Pavic Urbas (UBS Funds), investment specialists in 24 countries. We use this global Darko Stankovic (UBS ETFs) investment know-how to generate income in those markets where there is growth. As the largest asset manager in ROLE: Switzerland, UBS Global Asset Management has the critical Distribution UBS Funds & UBS ETFs mass to meet almost every investment need.

TEL: Robert Pavic Urbas, 044-236 72 42 Darko Stankovic, 044-234 54 93

E-MAIL: [email protected], [email protected]

WEBSITE: www.ubs.com/globalam-ch

UBS Global Asset Management's investment capabilities

Equities offers a wide spectrum of Global Investment Solutions offers active Global Real Estate actively manages real active investment strategies with asset allocation, currency, multi-manager, estate investments globally and varying risk and return objectives. structured solutions, risk advisory and regionally within Asia Pacific, Europe and strategic investment advisory services. the US, across the major real estate sectors.

Fixed Income offers a diverse range O’Connor is a key single manager hedge Infrastructure and Private Equity of active global, regional and local fund specialist with global reach, dedicated manages direct infra- structure market-based investment strategies. to absolute return investment investment and multi-manager management. infrastructure and private equity strategies.

Structured Beta & Indexing offers A&Q Hedge Fund Solutions offers a full Platforms indexed, alternative beta and rules- spectrum of hedge fund solutions and • Fund Services is a global fund based strategies across all major advisory services including a wide range of administration business asset classes on a global and regional multi-manager strategies. • Fondcenter is a B2B transaction basis. platform with an open fund architecture 166 NOTES

Gregor M.A. Hirt, CIO Europe & Switzerland, UBS Global Asset Management

November 25th, 2014 – from 10:15 to 11:00 – Conference Room A “Active asset allocation – why now?”

November 25th, 2014 – from 11:45 to 13:00 – Conference Room A PANEL: “ Euro and the future equilibrium with the other currency systems”

November 24th, 2014 – from 10:15 to 11:00 – Conference Room A Thomas Merz, Head UBS ETF Europe

“Risk Factor Allocation: A New Investment Paradigm”

167 World Dynamic Fund Sicav plc is a Maltese self-managed ADDRESS: fund which is independent and was incorporated and Malta TG Complex,Suite 2, Level 3, authorized by the MFSA in 2012. Brewery Street, Mriehel, BKR 3000 Our Sicav is structured with a and an Investment Commitee. CONTACT PERSON: Emanuele Conti Our workstation adopts innovative and fairly outside-the- ROLE: box tools that allow a constant monitoring of the selling and Director buying pressure in a given market, providing early signals on TEL: +356 99 32 87 11 the possible evolution of the prices. The technique has E-MAIL: shown to be reliable on different markets and on different [email protected] time frames, from day trading to asset allocation. CONTACT PERSON: Maurizio Michele Zuzzaro ROLE: Director TEL: +356 99 32 87 12 E-MAIL: [email protected]

WEBSITE: http://www.wdfsicav.com

FUND NAME LEGAL STRUCTURE STRATEGY

I World Dynamic Fund Sicav plc Sicav Maltese - PIF t can invest in derivative instruments, Sub fund: EXCLUSIVA equities, index and Forex.

It can invest in derivative, futures on World Dynamic Fund Sicav plc Sicav Maltese - PIF various underlying assets equities, Sub fund: WEALTH RESOURCES commodities, index and Forex.

168 NOTES

169 NOTES

170 NOTES

172 NOTES

171 NOTES

173 Promoter

Main Partners

Technical Partners

Associations & Supporters

Media Partners

174 Exhibitors & Sponsors

175 DISCLAIMER

THIS DOCUMENT AND THE INFORMATION PROVIDED HEREIN ARE NOT INTENDED FOR THE GENERAL PUBLIC BUT ARE EXCLUSIVELY DEDICATED TO INSTITUTIONAL INVESTORS ACCORDING TO THE FEDERAL ACT ON COLLECTIVE INVESTMENT SCHEMES (ART. 10 LICOL; ART. 6 OICOL). ANY EVENTUAL INFORMATION, FINANCIAL DATA AND RECOMMENDATIONS CONTAINED IN THIS DOCUMENT DO NOT CONSTITUTE ANY OFFER OF PURCHASE, SALE OR SUBSCRIPTION OF FINANCIAL INSTRUMENTS OR ANY OFFER TO ENTER INTO ANY INVESTMENT TRANSACTION NOR IS IT A MARKETING PROPOSAL OR OFFER OF FINANCIAL SERVICES. THE ACCURACY, COMPLETENESS OR RELEVANCE OF SOME OF THE INFORMATION PROVIDED HEREIN IS NOT GUARANTEED ALTHOUGH IT HAS BEEN DRAWN FROM SOURCES BELIEVED TO BE RELIABLE. THE INFORMATION PRESENTED IN THIS DOCUMENT IS BASED ON AT A GIVEN MOMENT AND MAY CHANGE FROM TIME TO TIME. “THE LANTERN” RESEARCH SA DECLINES ANY RESPONSIBILITY OVER THE USE WHICH COULD BE MADE OF THIS INFORMATION AND CONSEQUENCES WHICH COULD ARISE THERE FROM. “THE LANTERN” RESEARCH SA CANNOT BE HELD RESPONSIBLE FOR ANY FINANCIAL DAMAGE OR ANY OTHER CONSEQUENCES RESULTING FROM SUBSCRIPTIONS OR ACQUISITION OF THESE PRODUCTS. INVESTORS SHOULD PROCEED TO CARRY OUT THEIR OWN RISK ANALYSIS AND SHOULD IF NECESSARY, CONSULT THEIR OWN LEGAL, FINANCIAL, FISCAL, ACCOUNTING OR ANY OTHER PROFESSIONAL ADVISERS IN ADVANCE. IN PARTICULAR, DURING SUBSCRIPTION, PURCHASE OR WITHHOLDING OF PORTIONS OF FUNDS OR OTHER INVESTMENT VEICHLE DESCRIBED IN THIS DOCUMENT, INVESTORS SHOULD BE AWARE OF RUNNING A RISK IN CERTAIN CIRCUMSTANCES OF RECEIVING BACK LESS THAN THE INITIAL VALUE OF THE INVESTMENT.

176 THE ONLINE MAGAZINE YOU’RE WAITING FOR… written in a simple but extremely accurate language addressed to both retail readers and financial operators, creates knowledge, analyzes and provides objective evaluations on financial offers.

www.LamiaFinanza.ch

Organized by

“The Lantern” Research SA Corso Elvezia, 10 - 6900 Lugano (CH)

Contact: Riccardo Esposito (CEO) Tel. +41 91 224 72 50

email: [email protected] Website: www.LanternResearch.com