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Hedge Fund Conference MILAN, 3 OCTOBER 2002 TEATRO DAL VERME VIA SAN GIOVANNI SUL MURO, 2 HEDGE FUND CONFERENCE ORGANISED BY BORSA ITALIANA SPA MAIN SPONSOR CO-SPONSORS AKROS ALTERNATIVE INVESTMENTS, CRÉDIT AGRICOLE ALTERNATIVE INVESTMENT PRODUCTS, KAIRÓS ALTERNATIVE INVESTMENT, PIONEER ALTERNATIVE INVESTMENTS FOLLOWING THE SUCCESS OF LAST YEAR’SEVENT, BORSA ITALIANA PRESENTS ITS SECOND HEDGE FUND CONFERENCE AIMED AT ENHANCING THE UNDERSTANDING OF THIS INDUSTRY AND SUPPORTING THE DEVELOPMENT OF THE HEDGE FUND MARKET IN ITALY. THE CONFERENCE WILL EXPLORE THE MAIN TRENDS IN THE INDUSTRY AND THE RELATED OPPORTUNITIES THAT EXIST IN THE FINANCIAL MARKETS. THIS FORUM SERVES AS A UNIQUE OPPORTUNITY TO HEAR FIRST HAND, THE EXPERIENCES OF SOME OF THE LEADING HEDGE FUND MANAGERS BASED IN THE US AND EUROPE. PLEASE REGISTER ON-LINE AT: www.borsaitalia.it/eng/hedgefund BY SEPTEMBER 13TH 2002 FOR FURTHER INFORMATION: [email protected] HEDGE FUND CONFERENCE - MILAN, 3 OCTOBER 2002 TEATRO DAL VERME REGISTRATION AND WELCOME COFFEE 8.30 BORSA ITALIANA VIS à VIS HEDGE FUND 9.00 Massimo Capuano CEO, Borsa Italiana Raffaele Jerusalmi Executive Director, Borsa Italiana MORNING SESSION 9.30 - 13.00 Chair Person: Tanya Styblo Beder, Managing Director, Caxton Associates Richard Bookstaber Director of Risk Management, Moore Capital Management Chris Goekjian CEO, GDO Funds Till Guldimann Vice-Chairman, SunGard Daniel Kramer Partner, Paul, Weiss, Rifkind, Wharton & Garrison Andrew Lo Harris & Harris Group Professor, Director MIT Laboratory for Financial Engineering Arthur Samberg Chairman & CEO, Pequot Capital BUFFET LUNCH 13.00 AFTERNOON SESSION 14.30 - 16.30 Alexander S. Ehrlich Managing Director, Goldman Sachs PANEL 1: EUROPEAN HEDGE FUNDS - LEAD BY ITALIAN FUND MANAGERS Chair Person: Guido Cammarano, President of Assogestioni Paolo Basilico CEO, Kairòs Alternative Investment Giovanni Beliossi Managing Partner, FGS Capital Alberto La Rocca CEO, Pioneer Alternative Investments Michele Ragazzi CEO, Newman Ragazzi & Company Claudio Zampa CEO, Mangart Capital Advisors PANEL 2: EUROPEAN INSTITUTIONAL INVESTORS Chair Person: Antonio Foglia, Vice President, Banca Del Ceresio Arie Assayag Head of Alternative Investment, SGAM Alternative Investment James Hambro Chairman, JO Hambro Jonathan Lamb Principal, BGI Bill Maldonado Director Global Head of Tactical Investment Unit, HSBC Asset Management Frédéric Neefs Head of Investments, Crédit Agricole - AIPG Martin Phipps Head of Hedge Funds, Gartmore CLOSING COCKTAIL 16.30 SIMULTANEOUS TRANSLATION IS AVAILABLE SPEAKERS - MORNING SESSION RICHARD BOOKSTABER - Director of Risk Management at Moore Capital Management. Prior to joining Moore, Mr. Bookstaber worked at Salomon Brothers, where he was the managing director in charge of Risk Management and was a member of the firm’s powerful Risk Management Committee. He remained in these positions at Salomon Smith Barney after Traveler’s purchased Salomon in 1997 and after the merger that formed Citigroup the following year. Before joining Salomon in 1994, Mr. Bookstaber spent ten years at Morgan Stanley, working in fixed income research and then as a proprietary trader, as well as managing both equity and fixed income investment pro- grams as a fiduciary at Morgan Stanley Asset Management. He was appointed as Morgan Stanley’s first mar- ket risk manager in 1993. Mr. Bookstaber received a Ph.D. in economics from MIT and prior to working in the investment industry was a professor of finance. While in academics he won an appointment as a Senior Fulbright Scholar and in that capacity was a visiting professor at the Hebrew University of Jerusalem. He is the author of a number of books and many articles on finance topics ranging from option theory to risk management. He has received various awards for his research, including the Graham and Dodd Scroll from the Financial Analysts Federation and the Roger F. Murray Award from the Institute for Quantitative Research in Finance. He joined Moore Capital Management in January 1999. CHRISTOPHER GOEKJIAN - Co-founder of and a director of the GDO Equity Arbitrage Fund, and the Chief Executive Officer of EA Capital (UK) Limited, a co-manager of the fund. Prior to that, Mr. Goekjian worked at Credit Suisse First Boston for ten years, where he was a member of the Executive Board and Operating Committee. Mr. Goekjian held several positions while at CSFB, including Global Head of Fixed Income and Derivatives Division and Joint Head of Global Equity Derivatives (1999-2000). CEO (1995-1998) and Global Head of Trading (1990-1994) for Credit Suisse Financial Products, a subsidiary of CSFB responsible for the global derivatives trading and arbitrage business across all asset classes. Prior to joining CSFB, Mr. Goekjian was a Managing Director of Bankers Trust Company with responsibility for Equity Derivatives Trading (1983–1990). Mr. Goekjian holds a BA in Economics from Hamilton College where he graduated Summa Cum Laude and an MA in Mathematics from the University of Michigan. TILL GULDIMANN - Vice chairman of SunGard focusing on the company's long term strategy. He was previously Vice Chairman of Infinity Financial Technology, which SunGard acquired in 1998. Mr. Guldimann joined Infinity in 1995, after a 21 year career with J.P. Morgan where he headed the Global Research Group and developed the bank's market risk management systems. He is also the originator of J.P. Morgan's RiskMetrics initiative launched in 1994, which established a worldwide standard for market risk measurement. Mr. Guldimann, a Swiss national, earned an MBA from the Harvard Business School in 1974 and a Dipl. El. Ing. (MSEE) from the ETH in Zurich 1971. Mr. Guldimann was credited as being one of the ten most influ- ential people in the finance industry throughout the 90's by Waters Magazines in their Millennium issue. SunGard (NYSE:SDS) is a global leader in integrated IT solutions for financial services. SunGard is also the pio- neer and leading provider of information availability services. With annual revenues exceeding $2 billion, SunGard serves more than 25,000 clients in over 50 countries, including 47 of the world's 50 largest finan- cial services companies. DANIEL J. KRAMER - Recently joined Paul, Weiss, Rifkind, Wharton & Garrison as a Partner. Prior to this, he was a Partner in the Litigation Department of Schulte Roth & Zabel LLP, where he concentrated in the areas of securities and complex commercial litigation. He represents corporations, brokerage firms and investment partnerships in litigations in federal and state courts and before the Securities Exchange Commission and other regulatory bodies. Mr. Kramer received his undergraduate degree magna cum laude from Wesleyan University in Middletown, Connecticut in 1980 and received his J.D. from New York University School of Law in 1984. He also served as a law clerk to the Hon. Wilfred Feinberg, Chief Judge of the United States Court of Appeals for the Second Circuit. Mr. Kramer writes frequently on topics involving the securities laws, including “Federal Securities Litigation”, “Commentary and Forms”, “A Deskbook for the Practitioner”. ANDREW LO - Harris& Harris Group Professor of Finance at the MIT School for Management and the Director of MIT’s Laboratory for Financial Engineering. He received his Ph.D in economics from Harvard University in 1984, and taught at the University of Pennsylvania’s Wharton School as the W.P. Carey Assistant Professor of Finance from 1984 to 1987 and as the W.P. Carey Associate Professor of Finance from 1987 to 1988. His research interests include the empirical validation and implementation of financial asset pricing models; the pricing of options and other derivative securities; financial engineering and risk management; trading technology and market microstructure, statistics, econometrics and stochastic processes; computer algo- rithms and numerical methods; financial visualization; nonlinear models of stock and bond returns; and, most recently, evolutionary and neurobiological models of individual risk preferences. He has published numerous articles in finance and economics journals and is a co-author of “The Econometrics of Financial Markets” and “A non-Random Walk Down Wall Street”. He is currently an associ- ate editor of the Financial Analysts Journal, the Journal of Portfolio Management, The Journal of Computational Finance, and the Review of Economics and Statistics. His awards include the Alfred P. Sloan Foundation Fellowship, the Paul A. Samuelson Award, The American Association for Individual Investors Award, The Graham and Dodd Award, the 2001 IAFE-SunGrad Financial Engineer of the Year award, and awards for teaching excellence from both Wharton and MIT. He is currently a governor of the Boston Stock Exchange, a research associate of the National Bureau of Economic Research, a member of the NASD’s Economic Advisory Board, and founder and chief scientific officer of AlphaSimplex Group, LC, a quantitative investment management company based in Cambridge Massachusetts. ARTHUR SAMBERG - Chairman and Chief Executive Officer of Pequot Capital Management. Mr. Samberg is a member of the Board of Directors of Health Tech Inc., Historic Hudson Valley and the National Foundation for Teaching Entrepreneurship. Mr. Samberg is also on the Board of Overseers for Columbia Business School and the Campaign Steering Committee for Children's Hospital of New York-Presbyterian. Mr. Samberg established the first Pequot investment fund in 1986. Prior to this, Mr. Samberg was an employee and partner
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