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Distressed Investing: Why Now Is the Time - Demystifying the Opportunity Set

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Distressed Investing: Why Now Is the Time - Demystifying the Opportunity Set Distressed Investing: Why Now is the Time - Demystifying the Opportunity Set April 28, 2010 at 6 PM Boston MA Successful navigation of distressed investing is always challenging. With a backdrop of uncertain corporate default rates, increasing bankruptcies, liquidations and a massive wall of debt maturities looming, some may seize the moment and others keep away. Our distinguished panel of experts will aim to demystify the opportunity set for distressed investing and discuss the process for identifying and structuring investments to capitalize on current and future dislocations. Specific topics will include an assessment of the macro landscape relative to the distressed space, key metrics of successful corporate financial and operational restructurings, framing the opportunity set for corporate distressed investing and opportunities present in the structured finance space including asset backed securities. Participants Todd Arden, Angelo Gordon and Co. Eric Epstein, Davidson Kempner Capital Management Sadie Gurley, Marathon Asset Management Robert Russell, Moderator, Avenue Capital Group Event Details Date: April 28, 2010 Time: 5 PM Registration. We will begin promptly at 6 PM; please arrive early. Since it is disruptive to everyone when latecomers enter the session, those arriving after an education session has begun will only be admitted at the discretion of 100WHF and the host. Please note the start time on this invite and plan to arrive early. Networking and cocktails before and after session Host: State Street Alternative Investment Solutions Location: One Lincoln Street, Boston, MA 02111 RSVP: http://www.100womeninhedgefunds.org/pages/event_registration.php This event is NOT FOR ATTRIBUTION. Admission is free, but there is a $25 charge if you register and do not attend, even if you cancel in advance. No-show proceeds will be donated to our 2010 beneficiary. If you have no-show fees in arrears, the system cannot register you for an event. Fees can be paid online at: https://www.100womeninhedgefunds.org/pages/noshow_payment.php Space is limited. No walk-ins will be permitted. Biographies Todd Arden, Managing Director, Angelo Gordon and Co. Todd joined Angelo, Gordon in 2000 and is a Managing Director in the distressed securities group. Prior to joining the firm, Todd served as a Portfolio Manager/Analyst within AIG/SunAmerica’s High Yield Group. Previously, he was a Senior Equity Analyst at Troubh Partners. Todd began his career as a Manager in Arthur Andersen’s Financial Consulting Services practice, concentrating in the distressed/litigation support area. Todd is a Chartered Financial Analyst and holds a B.A. degree from Northwestern University and an M.B.A. degree from the Columbia University School of Business. Eric Epstein, Managing Member, Davidson Kempner Capital Management Mr. Epstein joined DKCM in February 2000 and became a Managing Member in January 2004. Previously, Mr. Epstein was a Managing Director at M.D. Sass Investor Services, where he oversaw the U.S. Sales and Marketing effort from January 1999 to January 2000 and was on the investment committee for the M.D. Sass Multi-Strategy Fund. From February 1995 to December 1998, he was Managing Partner of EJ Advisors, LLC, a middle-market investment banking advisory firm in Atlanta. From March 1993 to January 1995, Mr. Epstein was a Vice President of Bear Stearns, Inc. in New York City where he worked for the Asset Management and Financial Services Groups. From January 1991 to February 1993, Mr. Epstein was the Director of Marketing and a Portfolio Manager for the Asset Management Division of C.J. Lawrence, Deutsche Bank. He received a M.S. from the Leonard Stern School at New York University in 1990 and received his B.A. in Economics from Clark University in 1989. Sadie Gurley, Senior Portfolio Manager, Marathon Asset Management Sadie Gurley is a Managing Director and a Senior Portfolio Manager for the Marathon Distressed Subprime Fund and Marathon Structured Finance Fund focused on the residential mortgage and asset backed marketplace. Ms. Gurley was previously employed at Fortress Investment Group where she was a portfolio manager of a prime, subprime and manufactured housing whole loan and securities portfolio. Previously, Ms. Gurley was a ten year veteran at Goldman, Sachs where she worked in various roles focused on mortgage and asset backed securities including trading and investment analysis. From 2000 to 2005, Mrs. Gurley was a Vice President in the Asset Backed Securities Trading and Mortgage Trading desks where she was responsible for valuation of whole loans, hedging strategies, due diligence, contract negotiation, creations of structured solutions, and securitization. From 1998-1999, Mrs. Gurley worked in the Principal Finance Group advising clients on acquisitions and divestitures of consumer finance businesses and asset portfolios, evaluating opportunities in the consumer finance industry. From 1995-1998, Mrs. Gurley was a member of the Mortgage Research team and provided analysis of mortgage and asset backed collateral portfolios for structured transactions, securitization and valuation. Mrs. Gurley is a graduate of Washington State University (1991) and received her MBA from the New York University (2000). Robert Russell, Senior Portfolio Manager, Avenue Capital Group Mr. Russell is responsible for directing the investment activities of the Multi-Manager Strategy. Prior to joining Avenue in 2007, Mr. Russell was a Portfolio Manager in the external management group and member of the portfolio committee at Harvard Management Company, the investment manager that oversees the endowment and other assets for Harvard University. At Harvard Management Company, Mr. Russell was responsible for the management and oversight of Harvard's external hedge fund and global equity investments, a portfolio with over $10 billion in assets, including all aspects of manager sourcing, investment due diligence and structuring of investments in the portfolio. Mr. Russell also served as a Portfolio Manager for Harvard Master Trust, an ERISA pension plan with over $900 million of assets. Prior to that, Mr. Russell was a Principal and Portfolio Manager in the Fundamental International Equity Research Group at State Street Global. Prior to State Street Global, Mr. Russell was an officer at Eaton Vance Management. Mr. Russell received a B.S. in Finance, Investments and Accounting from Babson College (1996). About State Street Alternative Investment Solutions Street’s Alternative Investment Solutions (AIS) group, a business unit of State Street Corporation, is the world’s leading alternative investment service provider with more than $600 billion in assets under administration as of April 1, 2010. State Street AIS provides a complete suite of fund accounting, fund administration, corporate administration, risk and credit services to institutional investors, hedge fund managers, private equity fund managers and real estate fund managers. State Street Corporation is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $19.0 trillion in assets under custody and administration and $1.9 trillion in assets under management as of March 31, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. About 100 Women in Hedge Funds (www.100womeninhedgefunds.org) 100 Women in Hedge Funds is a global, practitioner-driven non-profit organization serving over 10,000 alternative investment management investors and professionals through educational, professional leverage and philanthropic initiatives. Formed in 2001, 100 Women in Hedge Funds has hosted more than 160 events globally, connected more than 150 senior women through Peer Advisory Groups and raised in excess of $17 million for philanthropic causes in the areas of women's health, education and mentoring. For more information about 100 Women in Hedge Funds, please visit www.100womeninhedgefunds.org. Give Back 100 Women in Hedge Funds provides a 'Give Back' program that enables members to match their resources (time, access, financial) to projects that will help us expand our successful initiatives. Visit http://www.100womeninhedgefunds.org/pages/give_back.php today and tell us how you can help. 100WHF Connect! Get Connected today! Visit http://www.100womeninhedgefunds.org/pages/membership_connect.php for details and to sign up. 100WHF Access Fee Have you paid your access fee? If not please go to https://www.100womeninhedgefunds.org/pages/member_payment.php. We appreciate your continued support! Please do not reply to this email. If you have any questions about this event, please contact [email protected] or visit our website at http://www.100womeninhedgefunds.org. You received this email because you are subscribed through your registration with 100 Women in Hedge Funds. 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