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NEW Macroeconomic Discussion

FREE For

End Investors, www.icbi-gaim.com to apply Le Méridien Beach Plaza, Monaco email [email protected] • Manager Selection & Asset Allocation Summit: 18 June • Main Conference: 19 & 20 June Jamil Baz Niall Ferguson Chief Investment Laurence A. Tisch Strategist Professor of History ICBI GLG PARTNERS HARVARD UNIVERSITY The Meeting Place For The Global Hedge Fund Investor & Manager Community 400+ Star Fund Managers Offer Business & Investment Strategy Insights

NEW NEW NEW NEW

Peter Thiel Gavyn Davies Mark Poole Jane Buchan Karlheinz Muhr Henry Kenner Nassim Taleb President Chairman CIO CEO CEO CEO Principal CLARIUM CAPITAL FULCRUM ASSET BLUEBAY ASSET PAAMCO QFS ARROWGRASS UNIVERSA MANAGEMENT MANAGEMENT INVESTMENTS 250+ Investors Discuss Hedge Fund Allocation & Manager Selection Hear From The GAIM Investor Community At Our Manager Selection & Asset Allocation Summit - Monday 18 June NEW NEW NEW NEW NEW NEW NEW

Ram Lee Austin Cooley Greg Haenni Mark Hedges Rob Blandford Jim Dunn Ian Prideaux MD, Portfolio Strategies Investment Manager, CIO CIO Director of Investments Vice President and Chief Director of Investments, HOWARD HUGHES Alternatives CERN PENSION FUND NATIONWIDE PENSION UNIVERSITY OF Investment Officer GROSVENOR ESTATE MEDICAL CENTRE COLORADO FIRE & FUND RICHMOND WAKE FOREST INVESTMENT OFFICE POLICE PENSION UNIVERSITY GAIM International: Your Most Useful 3 Days Out Of The Office In 2012…

MEET 250+ Active Hedge Fund Investors MEET 400+ Leading Hedge Fund Managers • Meet 250+ Active Investors In The Alternatives World In Just 3 Days (including • Discover 2012’s Top Performing Hedge Funds & Hedge Fund Strategies (Hear Insight pension funds, endowments, FOHFs, private banks and family offices) From The Big Brands & Discover New & Niche Managers) • Hear From More End Investors Than Ever Before Including Colorado Fire & Police • Hear From Leading Hedge Fund Brands including Bluebay Asset Management, CIAM, Pension, Howard Hughes Medical Centre Investment Office, MN Services, Wake Forest Abbey Capital, Pershing Square, PSAM, EIM, Centaurus Capital, Pimco, PAAMCO, QFS, University, CERN Pension Fund, Barclays Pension Fund, Nationwide Pension Fund, University Arrowgrass, Cheyne Capital, Bridgewater Of Richmond, Ohio State University, Grosvenor Estate, Teacher’s Retirement System Of Texas • Take Part In Our Structured Networking To Meet The Funds Of Interest To You • Use Our Unrivalled Structured Networking To Meet The Right Investor For Your Fund

GAIN Essential Industry Insight UTILIZE Invaluable Networking Opportunities Key Industry Themes include We connect investors and managers with shared goals & create new business • The Future For Manager Selection and Asset Allocation partnerships using the following networking tools • Where Is The Smart Money Going In Volatile Times? • Daily Investor/Manager Speed-Networking • The Latest On Global Macro, CTA, Credit, Distressed Debt, Emerging Markets, • Small Group Investor/Manager Strategy Roundtables Commodities, Niche Strategies, Tail Risk & Foreign Exchange Investment Strategies • Advance Online Networking Tool To Contact Managers/Investors Before The Event • Business Models For A Low Return & High Regulation Era • The Manager Quickfire Showcase 2012 • Hedge Fund Regulation, Risk Management & Due Diligence • The GAIM Beach BBQ Evening • Managed Accounts Vs UCITS Vs Traditional Off Shore Hedge Funds • A Range Of Meeting Spaces From 1 To 1 Meeting Rooms To The Coffee House!

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For the latest programme or to register please visit: www.icbi-gaim.com Follow Or Call: +44 (0) 20 7017 7200 Email: [email protected] Fax: +44 (0) 20 7017 7807. Us On GAIM International @GAIM_Intl on Twitter GAIM TV GAIM blog FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 2

GAIM 2012: THE EVENT HIGHLIGHTS

Hear From & Network With More End Investors Than Ever Before In a including What’s New For GAIM 2012? NEW Ram Lee Niall Ferguson willof HARVARDbe offering UNIVERSITYthe historical and & Jamil the financial Baz, the 1. New! Global Figures Debate The Limits Of Macroeconomic Policy: Managing Director, NEW groundbreaking session, Professor Portfolio Strategies, Chief Investment Strategist at GLG PARTNERS HOWARD HUGHES MEDICAL Jonathan Hook Peter Thiel, President Of CENTRE INVESTMENT OFFICE VP & CIO, perspective on the limits of macroeconomic policy THE OHIO STATE UNIVERSITY NEW Renowned pioneer in tech start ups, 2. New! Entrepreneurial Address From The Founder Of PayPal & The First Austin Cooley NEW Investor In Facebook:will be offering insight on how we can develop the developed world Director Of Alternative Investments, Clarium Capital Make the most of your time at GAIM by brushing up COLORADO FIRE & POLICE Ian Prideaux PENSION Director of Investments, 3. New Capital Raising Master Class: GROSVENOR ESTATE on the fundamental capital raising skills (networking, presenting & fund marketing) before meeting Niels Oostenbrug NEW and networking with potential investor clients. You can move freely between the Investor Summit Director, Alternative Investment and the Masterclass & you can network with investors during the tocoffee ensure breaks that fundso you managers have the can Programme, Nick Guglielmo best of both worlds! MN SERVICES Treasurer, THE ASSOCIATED PRESS 4. NEW Small Group Investor/Manager Networking NEW meet with investors in a more intimate and informal environment we have come up with the Jim Dunn Vice President and Chief NEW following formats: book you place to join a small group Q&A with our important investor speakers Anthony O’Toole Sign up to join a small networking group focussed on each Investment Officer • Investor Clinics: Executive Vice President, Chief WAKE FOREST UNIVERSITY, • Investor Strategy Roundtables: Financial and Investment Officer hedge fund strategy. Each group will be hosted by an asset allocator active in that AMERICAN LEGACY FOUNDATION, particular strategy. Sign up to join a small networking group each hosted by a specific NEW Investor Type Roundtable: Greg Haenni • NEW Andrea Rafael type of investor (Pension Funds, Endowments,Our New FOHF Interactive Allocators, Hub Private Offers Banks, to give HNWI’s). the GAIM CIO, CERN PENSION FUND Director Of Investment Analytics & Risk Management, 5. NEW The Global GAIM Village: YESHIVA UNIVERSITY INVESTMENT community ample space, comfort and inspiration to meet new business contacts & enable OFFICE more effective manager/investor meeting opportunities. As well as popular features from Tony Broccardo previous years (including the QuickFire Showcase(perfect to profile for informalyour fund networking & the speed over some CIO, Sassan Zaker networking to meet investors/managers, our new features include: BARCLAYS PENSION FUND Investment Manager For • The All-New Relaxed GAIM Coffee House Alternative Assets proper coffee) (The markets don’t stop so this area enables you to keep up to NEW JULIUS BAER PENSION FUND The GAIM News Room • Mark Hedges W. Russell ‘Rusty’ Guinn date with the latest developments in the papers and on TV as well as providing a quiet Chief Investment Officer, (we offer dedicated bookable meeting areas so that you Investments Division, area to make calls) NATIONWIDE PENSION FUND • The GAIM Meeting Zone External Public Markets can have 1 to 1 chats with possible businessDiscover partners what on activesite at hedgethe event) fund seeders NEW TEACHER’S RETIREMENT SYSTEM OF TEXAS Rob Blandford NEW 6. New Emerging Manager Focus: Director Of Investments, are looking for and hear feedback from emerging managers who have been seeded- UNIVERSITY OF RICHMOND Loren L. Zwillinger, what have their experiences been like? With the coming focus on new Head of Operational Due Diligence, MIGDAL INSURANCE COMPANY LTD 7. New The Future For Regulation Clinic: regulation, this clinic represents your chance to hear firsthand about the important industry changes ahead and how they will impact you.

The ‘How To’ Of Networking At GAIM Hear Leading Investors Speak During Below Is A Guide Detailing How Our Unique Structured Networking Offering Ensures That You Connect With The Right People The Manager Selection & Asset • Daily Investor Speed-Networking (Monday 18 June) Sign up for a guaranteed introduction and networking with 25 investors in each session. Allocation Summit • Asset Manager Listings This popular summit is designed to realign investor and manager interests Investors will receive listings of all the asset managers in attendance so they can look through and act as a place for investors and managers to get together and discuss and see who is active in strategies relevant to them. Ensure your fund strategies are listed so the investors hear about them. what is important to the modern hedge fund investor. • Investor Strategy Search Listings Investors – Why Attend? When you arrive at the event you will be given a hard copy of all the investors in attendance and in-depth data on what strategies/vehicles they are actively investing in. There will be over • Discover the latest asset allocation methodologies of the leading US and European 500 separate search listings to look through. No other conference is able to offer you such end investors tailored and useful information on the investors in attendance. • Hear how your peers select managers • MyGAIM 2012 – Your Essential On-line Networking Tool • Benefit from investor case studies on UCITS & Managed Accounts This networking app allows you to view who will be attending and make contact with them in • Explore how Alpha, Alternative Beta and hedge funds in general fit into the portfolios of advance-perfect for scheduling meetings! You can use it as a tool to upload your profile, promote your peers your business and make contact with potential clients. • NEW for 2012! A special Investor Only Closed Door Session to ensure you have the • Delegate Quickfire Showcase 2012 chance to meet with your peers in a private and closed door environment. We will be Sign up to pitch your fund to our investor panel and a friendly watching crowd full of investors. profiling new research on manager selection during this session. There are 30 slots available throughout the event. You will be prompted to sign up in advance two PLUS join our 7th Annual Investor Only Dinner to meet and network with your peers in a top weeks prior to the event. It is guaranteed fun, informal and effective. You will receive friendly Monaco location! (Investors: Email Lizzie on [email protected] to register for your free place) allocator feedback. • Meet The Investor Roundtables Fund Managers – Why Attend? Hear from and meet the specific type of investor you are interested to work with during the Manager Selection & Asset Allocation Summit: • Discover the latest trends in manager selection • Institutional Investors • Meet & network with a high concentration of investors active in the alternatives world all in • Private Banks one place at one time • Family Offices • FOHF Selectors • Meet the GAIM end investor community in advance of the managers attending just the • HNWI’s main conference • Investor Strategy Roundtables • NEW for 2012! Benefit from our new afternoon Capital Raising Masterclass. Take the Attend small group roundtables hosted by investors on their preferred strategies. opportunity to hear from and work with leading fund marketing and pitch experts to refine Hear what they want and what they look for in: your capital raising strategy in advance of the main conference. This masterclass ensures Emerging Markets, CTA, Global Macro, Distressed Debt, Fixed Income, Alternative Alternatives, that you will have the skills to get the most benefit out of attending GAIM 2012. You can Commodities, Energy, Environmental, Asset based lending. move freely between the investor summit and the Capital Raising Masterclass so you will still have the opportunity to hear from and network with leading investors. • Top Performing Fund CapIntro Showcases Profile your fund in front of our investor community. Each session offers a select number of PLUS Receive an exclusive pass to the investor drinks reception & meet the investor interesting & top performing funds the opportunity to discuss their fund for 10 minutes. community ahead of the main conference For more information on how to sign up for these networking opportunities please visit: http://www.informaglobalevents.com/event/gaim-conference/networking-social-events

2 For the latest programme or to register please visit: www.icbi-gaim.com. Or Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 email: [email protected] FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 1

UNMISSABLE INDUSTRY SESSIONS!

THE GAIM INDUSTRY DISCUSSION: THE LIMITS OF MACROECONOMIC POLICY Hear Jamil Baz, Chief Investment Strategist at GLG PARTNERS discuss the future of the economy with Professor Niall Ferguson, Professor Of History at HARVARD UNIVERSITY When will this session take place? 09:00-10:00am, Tuesday 19th June 2012

Jamil Baz, Niall Ferguson, Laurence A. Tisch Professor of History, HARVARD UNIVERSITY Chief Investment Strategist, Niall is also a Senior Fellow at the Hoover Institution, Stanford University, and a Senior Research Fellow at Jesus College, GLG GROUP Oxford. He has published twelve books including Paper and Iron: Hamburg Business and German Politics in the Era of Jamil has a primary focus on macro. Jamil was a Managing Director and a macro proprietary trader at Inflation 1897-1927, Virtual History: Alternatives and Counterfactuals, The Pity of War: Explaining World War One, The World’s Goldman Sachs, was instrumental in building PIMCO’s new multi-asset global investment approach and Banker: The History of the House of Rothschild & The Cash Nexus: Money and Power in the Modern World, 1700-2000. Niall was the Global Chief Investment Strategist of Deutsche Bank. Jamil has published extensively on Ferguson is a regular contributor to television with documentaries including, Empire: The Rise and Demise of the British World topics such as Asset Allocation, Risk Premia, Term Structure, Option and Swap Pricing and Foreign Order and the Lessons for Global Power, Colossus: The Rise and Fall of the American Empire, (which prompted Time Exchange Trading. Jamil holds degrees from HEC Paris, LSE (MSc), MIT(SM) and Harvard (AM, PhD). magazine to name him one of the 100 most influential people in the world). Other successful television adaptations include: He teaches Financial Economics at Oxford University. The War of the World: Twentieth-Century Conflict and the Descent of the West,. The Ascent of Money: A Financial History of the World. Last year he published Civilization: The West and the Rest, as a documentary series and his first feature-length documentary about Henry Kissinger, whose biography he is currently writing won the New York Film Festival’s prize for Best Documentary.

INVESTMENT STRATEGIES: BUSINESS STRATEGIES: Where Is The Smart Money Going In These Determining New Business Strategies For A Volatile Times? Low Return & High Regulation Era Running To Stand Still! When will this session take place? 10:55-11:45am, Wednesday 20th June Market Dynamics Have Been A Powerful Driver Of (Non)-Performance So Where Is The Moderator: World Going & How Will The Coming Political & Economic Upheavals Shape The Market? Daniel Shapiro, Partner, SCHULTE ROTH & ZABEL INTERNATIONAL LLP & When will this session take place? 10:00-10:50am, Tuesday 19th June LINCOLN VALE LLP Dan has advised hedge funds for over thirty years, and he lectures and writes extensively on all aspects of the hedge Panellists: fund business. In September 2008 he also joined as a partner the London office of Lincoln Vale, a multi-product Gavyn Davies, Chairman, FULCRUM ASSET MANAGEMENT, alternative investment platform. Co-Founder, PRISMA CAPITAL PARTNERS Panellists Fulcrum Asset Management was founded by Gavyn and Andrew Stevens in 2004, and the firm specialises in hedge Damien Loveday, Global Head Of Hedge Fund Manager Research, TOWERS funds, asset allocation and managed accounts driven by mainly macro themes. Gavyn was an Economic Policy WATSON Adviser to the Prime Minister at 10 Downing Street from 1974-79. He then pursued a career as a City economist. He Damien also heads the team responsible for researching fixed income hedge funds. In addition, he sits on the multi was Chief Economist at Goldman Sachs from 1986-2001 and was repeatedly ranked as the top global economist in surveys of strategy and equity long short hedge fund teams together with the distressed research team. Damien joined Watson institutional investors. He was Chairman of the BBC from 2001-04. He is a partner at Active Private Equity. He has been an adviser to Wyatt in 2006 and has more than eight years of hedge fund research experience and over 12 of manager research HM Treasury (1992-97) and a Visiting Professor at the London School of Economics (1988-96). experience. He has helped build the strength and depth of Towers Watson’s hedge fund research capability in fixed-income strategies since his arrival in 2006 and has taken a direct, proactive role in advising many of our clients on their hedge fund programs. Karlheinz Muhr, Chief Executive Officer & Member Of The Firm’s Investment Committee, QFS ASSET MANAGEMENT L.P. Henry Kenner, Founding Principal, Chief Executive Officer & Chief Risk Officer, Previously Mr. Muhr was a founding partner and the Chairman & CEO of Cenario Capital, a firm acquired by QFS in April 2011. Prior to Cenario, Mr. Muhr served as a Managing Director of Credit Suisse in the Asset Management ARROWGRASS Division and was head of Credit Suisse Volaris, an alternative asset management firm he co-founded and sold to Prior to Arrowgrass, Henry was at Deutsche Bank for a total of 7 years 4 of which as an Managing Director. Before Credit Suisse in 2003. He was also a member of both the Chairman's Board and the Management Council of Credit that he has worked at DB Omnis, Fios Investments and Swiss Re Capital Management.

Mark Poole, Chief Investment Officer, Peter M. Schoenfeld, Chairman & CEO, PSAM LP. BLUEBAY ASSET MANAGEMENT Prior to his current role, Mr. Schoenfeld served as Vice Chairman of Schroder Wertheim & Co. Inc. from1989 through 1996 and was a member of the Firm’s Executive Committee since 1983. Beginning in 1978, Mr. Schoenfeld managed Mark is one of the co-founders of BlueBay and has been a director and CIO since its inception. He spent several the proprietary trading activities at Wertheim and from 1986 to 1989 he served as Managing Director of Schroder years at Credit Suisse First Boston and JP Morgan, latterly as Co-Head of its European Credit Arbitrage Group. Wertheim. Prior to joining Schroder Wertheim, Mr. Schoenfeld managed the arbitrage department of White Weld & Co. Mark has a degree in Law and Politics from the University of Southampton. for six years as First Vice President.

Developing The Developed World Bernard Oppetit, Chairman, CENTAURUS CAPITAL When will this session take place? 10:00-10:50am, Tuesday 19th June Mr Oppetit founded Centaurus Capital in 2000. Mr Oppetit joined Paribas in 1979, in the Information Technology Department, and moved to the Merchant Banking and Finance Division in 1981. In 1987, he was seconded to Paribas North America in New York, as a Risk Arbitrage trader. In 1990, he became head of the Risk Arbitrage Department in the US, and started a Peter Thiel, President, European activity in 1993. In 1995, while keeping responsibility for Paribas’ global Risk Arbitrage business, he moved to CLARIUM CAPITAL London to become head of Equity Derivatives, overseeing Options and Convertible Bonds trading desks in London, Paris, Peter Thiel is known as the mentor of the PayPal mafia of entrepreneurs, as well as for his warnings of a coming New York, Tokyo and Singapore. In 2000, he resigned from BNP Paribas to launch Centaurus Capital, one of the largest European hedge fund technology deficit with severe economic consequences. In 1998, Mr. Thiel co-founded and led PayPal. In 2002, he managers, dedicated to “event-driven” and credit strategies. He sits on the Board of Directors of Natixis, and of Tigers Alliance (Vietnam). sold PayPal to eBay and founded a global macro fund, Clarium. In 2004, he co-founded Palantir Technologies, which offers platforms for finance companies and intelligence, defense, and law enforcement communities to integrate, Jane Buchan,CEO & Managing Director, PAAMCO visualize, and analyze the world’s information. In the same year, he made the first outside investment in Facebook. He serves on its As CEO, Jane is responsible for overall business strategy and firm direction. In addition, she is a Sector Specialist board. Mr. Thiel co-founded and manages Founders Fund, a leading Silicon Valley venture capital fund that has pioneered new responsible for the evaluation and management of fixed income relative value hedge funds in the various PAAMCO methods of venture financing that benefit founder through this and his private investing, he has helped the next generation of tech portfolios. Jane is also a member of the Investment Oversight, Risk Management and Account Management Committees. companies, such as SpaceX, LinkedIn, Yelp, Causes, RoboteX, and Spotify. She is currently serving as chairwoman of the board for the Chartered Alternative Investment Analyst Association (CAIA).

THE END INVESTOR PERSPECTIVE: Manager Selection: How Can We Distinguish Smart Beta From Alpha? When will this session take place? 14:50-15:40pm, Monday 18th June

Donald A. Steinbrugge, Andrea Rafael, Director of Investment Ram Lee, CFA – Managing Partner, Analytics & Risk Management, Managing Director of Portfolio Strategies, AGECROFT PARTNERS YESHIVA UNIVERSITY HOWARD HUGHES MEDICAL INSTITUTE’S Don is Chairman of Agecroft Partners, a global consulting and third Prior to joining the Yeshiva Endowment, Andrea served 3 years as a INVESTMENT OFFICE party marketing firm for hedge funds. Senior Quantitative Analyst at ING Investment Management's Fund of HHMI is a $16 billion endowment. Ram works across all asset Funds Group. classes and provides views on global macro anomalies to inform asset allocation, as well as sourcing and evaluating managers, with a focus Austin Cooley, Investment Manager, Rob Blandford, Director of Investments, on hedge funds. Alternatives, FIRE AND POLICE PENSION Spider Management Company, ASSOCIATION OF COLORADO UNIVERSITY OF RICHMOND Austin provides investment analysis support to the CIO in the Rob Blandford manages all public and private investments of the implementation and monitoring of the investment portfolio through the investment pool managed by SMC for The University Of Richmond. evaluation of current and potential investment managers, investment strategies and asset classes

For the latest programme or to register please visit: www.icbi-gaim.com. Or Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 email: [email protected] 3 FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 3

MONDAY, 18 JUNE 2012 - 2ND ANNUAL MANAGER SELECTION & ASSET ALLOCATION SUMMIT + NEW Afternoon Capital Successfully Aligning Investor & Manager Interests Raising Masterclass

08.20 Registration & Morning Coffee & Pre-Conference Networking Chairman’s Opening Address 09:00 Philip T. Masterson, Senior Vice President, SEI INVESTMENT MANAGER SERVICES DIVISION ASSET ALLOCATION IN A LOW RETURN & HIGH RISK ECONOMIC ENVIRONMENT GUEST ECONOMIC ADDRESS 09.10 Exploring The Drivers & Predicting The Surprises Of The Global Economy Moving Forward: Economic How Should The Economic Factors Of Our Post-Lehman World Inform & Guide Modern Investment Strategy? Update Jamie Dannhauser, Senior Economist, LOMBARD STREET RESEARCH

ASSET ALLOCATION TASKFORCE Asset Expert Asset Allocation Panel An Extra Benefit How Should Investor’s Rethink Asset Allocation Strategy To Better Suit Our Turbulent Financial Era? Allocation Redefining “Risk Free” Assets & How To Achieve True Diversification In Your Portfolio For Fund Manager 09:40 Moderator: Don Steinbrugge, Managing Partner, AGECROFT PARTNERS Panellists: Summit Attendees Alasdair Macdonald, Head of Investment Strategy, TOWERS WATSON Tony Broccardo, CIO, BARCLAYS PENSION FUND Make the most of your time at Nick Guglielmo, Treasurer, THE ASSOCIATED PRESS GAIM by brushing up on your Jonathan Hook, VP & CIO, OHIO STATE UNIVERSITY fundamental capital raising Mark Hedges, Chief Investment Officer, NATIONWIDE PENSION FUND skills before meeting and 10:30 Networking Morning Coffee networking with potential AN INTERVIEW WITH A PENSION FUND clients. What Role Do Hedge Funds Play In Your Portfolio, How Has This Role Changed & What Do You Expect From Hedge Funds In The Future? You can move freely between 11:00 Interviewer: Stephen Oxley, Managing Director, PAAMCO the Summit and the Interviewee: W. Russell ‘Rusty’ Guinn, Investments Division, External Public Markets, Masterclass so you can select TEACHER’S RETIREMENT SYSTEM OF TEXAS the masterclass sessions of REALITY CHECK: WHAT SHOULD WE EXPECT FROM A HEDGE FUND? most importance to you & still 11:40-12:00: New Research: network with our investor What Hedge Fund Strategies Have Proven Themselves To Be True Diversifiers? community during breaks. This Alexander Ineichen, Founder, INEICHEN RESEARCH & MANAGEMENT Masterclass is free for summit 12:00-12:50: The Investor Perspective Panel attendees. 11:40 Are Hedge Funds Still Good Investments? What Are Investor Expectations Of The Modern Hedge Fund, How Have These Expectations Changed & Are The Expectations Realistic In This Economic Era? Moderator: Christoph Gort, Partner, SIGLO CAPITAL ADVISORS Panellists: Neal Berger, President, EAGLE’S VIEW ASSET MANAGEMENT Ian Prideaux, CIO, GROSVENOR ESTATE Benjamin Moute, Head Of Research, NEW FINANCE CAPITAL Lawrence Borsanyi, SVP, INTERNATIONAL VALUE ADVISORS David Miller, Head Of Alternative Investments, CHEVIOT BEHAVIOURAL FINANCE ADDRESS CAPITAL RAISING 12.50 Exploring The Need For Emotional Comfort Over The Investment Journey & Does This Now Take Precedence Over Traditional Investment Models? Speaker tbc end of April 2012 MASTERCLASS 13.10 Networking Lunch Networking Lunch SPECIAL FOCUS ON MANAGER SELECTION ENSURING THE RIGHT INVESTOR HEARS ABOUT YOUR FUND REDEFINING THE MANAGER SELECTION PROCESS 14:30-15:40 14:30 Creating An Investor Driven Institutional Hedge Fund: Can Investors Pool Assets & Issue A Mandate For Controlled Risk & A Defined Return Target Manufacturing Capital: How To & Interview Hedge Fund Managers For The Role? Turn Your Capital Raising Team Sassan Zaker, Investment Manager For Alternative Assets, JULIUS BAER PENSION FUND Into A Well Oiled Machine • Constructing institutional-quality capital THE NEW CHALLENGE OF MANAGER SELECTION raising processes How Can We Distinguish Smart Beta From Alpha In Increasingly Correlated Markets? • Law of 7: Consistently adding value to and Moderator: Don Steinbrugge, Managing Partner, AGECROFT PARTNERS meeting with potential investors Manager Panellists: • Firing yourself from the center of your firm's 14:50 Andrea Rafael, Director of Investment Analytics & Risk Management, YESHIVA UNIVERSITY capital raising universe Selection Rob Blandford, Director Of Investments, UNIVERSITY OF RICHMOND • Speed of Implementation & ABCR: How to Ram Lee, Managing Director, Portfolio Strategies, evolve your hedge fund marketing faster HOWARD HUGHES MEDICAL CENTRE INVESTMENT OFFICE Richard Wilson, Founder, Austin Cooley, Investment Officer – Alternatives, FIRE AND POLICE PENSION ASSOCIATION OF COLORADO THE FAMILY OFFICE GROUP 15:40 Afternoon Tea & Networking Afternoon Tea DETERMINING THE BEST METHOD TO ACCESS HEDGE FUNDS 16:10-18:15 SAME FUND, BUT WHICH WRAPPING? UCITS vs Managed Accounts vs Off-Shore: The Investor Verdict HARNESSING THE POWER OF A In A World Focussed On Regulation, Risk Management, Liquidity & Transparency, MEMORABLE PITCH 16.10 What Is the Best Way To Access The Hedge Fund Manager? Moderator: Henrik De Konig, UBS Getting Your Pitch Perfect Panellists: Marc De Kloe, Alternative Investment Manager, ABN AMRO PRIVATE BANK Jose Galleano, CIO, SYZ ASSET MANAGEMENT • Understand the psychology of buying Yves Guntern, Executive Director, UBP HEDGE FUND ADVISORY • Improve your success rate with pitch checklists • How to convey the most important message DIRECT INVESTMENT VS THE FUND OF HEDGE FUND in a memorable fashion Reviving The FOHF Industry? FOHFs • Learn what appeals to investors and what Is The FOHF Industry As We Know It Extinct & If So, How Can We Alter The Value Proposition makes them cringe! 16:50 To Make FOHF Investment As Opposed To Direct Investment Compelling? Moderator: Cedric Kohler, Head Of Advisory, FUNDANA Ben Ball, MD, Panellists: BENJAMIN BALL ASSOCIATES Roberto Giuffrida, Executive Vice President, PERMAL INVESTMENT MANAGEMENT SERVICES Bill Bassin, Managing Director, UBP ASSET MANAGEMENT Fabio Salvodelli, CIO, OPTIMA FUND MANAGEMENT NEW INTERACTIVE INVESTOR PEER TO PEER CLOSED-DOOR WORKING GROUP

17:30-18:00: New Research How Well Do You Really Know Your Fund Manager? 17.30 Exploring A 6 Step Character Analysis To Ensure That Your Personalities & Objectives Align Richard Wilson, Founder, THE FAMILY OFFICE GROUP 18:00-18:15: Investor Discussion Share experiences & swap stories with your peers

INVESTOR & FUND MANAGER NETWORKING DISCUSSION GROUPS 18.15 Sign up to join an Investor speaker from the day for a relaxed small group discussion.

18.45- INVESTOR/FUND MANAGER NETWORKING DRINKS RECEPTION 20.00 This exclusive networking drinks reception offers the perfect chance for managers and investors to get together to discuss the big themes raised during the day.

20.00 THE GAIM INTERNATIONAL INVESTOR ONLY DINNER End Investors - Family Offices, Pension Funds, Endowments, Corporate Treasury, Private Clients. Please note: this is only open to those that have been verified as investors and registered

4 For the latest programme or to register please visit: www.icbi-gaim.com. Or Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 email: [email protected] FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 4

GAIM INTERNATIONAL 2012 – DAY ONE – TUESDAY 19TH JUNE Making Money In Volatile Times

08.00 NEW! THE GAIM WELCOME BREAKFAST Extra Features 08.50 Chairman’s Opening Address And Interactive THE 2012 THOUGHT LEADERSHIP DISCUSSION Sessions

09.00 The Limits of Macroeconomic Policy Jamil Baz, Chief Investment Strategist, GLG PARTNERS NEW! THE GAIM & Professor Niall Ferguson, Laurence A. Tisch Professor of History, HARVARD UNIVERSITY WELCOME BREAKFAST Take the opportunity to enjoy a hearty breakfast and meet with fellow THE GAIM 2012 BULL/BEAR ELECTRONIC POLLING DEBATE attendees before the morning Running To Stand Still! sessions kick off . Plus, organise Market Dynamics Have Been A Powerful Driver Of (Non)-Performance, So Where Is The World Going & How Will The Coming Political & your week in advance and benefit 10.00 Economic Upheavals Shape The Market? from the following early bird perks: Karlheinz Muhr, CEO, QFS Gavyn Davies, Chairman, FULCRUM ASSET MANAGEMENT • Sign up for the last available Mark Poole, CIO, BLUEBAY ASSET MANAGEMENT QuickFire Showcase Slots (these are in high demand!) 10.50 Morning Coffee – Plus GAIM International Speed Networking Session 1 • Sign up for the Speed Networking THE GAIM ENTREPRENEURIAL ADDRESS sessions (these will all be allocated Developing The Developed World by 9am!) 11.30 Peter Thiel, President, CLARIUM CAPITAL • Sign up for the Investor Strategy Peter Thiel, The Renowned Technology & Venture Capital Pioneer Co-Founded PayPal, He Was The First Outside Investor In Facebook & Roundtables Through Venture Financing Has Helped The Next Generation Of Tech Companies Such As LinkedIn, Yelp & Spotify. • Reserve some time in our GAIM GUEST BLACK SWAN ADDRESS Private meeting rooms for meetings On Some Useful Properties of Barbells during the week 12.00 Nassim Nicholas Taleb, Principal, UNIVERSA INVESTMENTS Nassim Nicholas Taleb Is Also The Distinguished Professor Of Risk Engineering & Co-Director Of The Research Centre For Risk Engineering At The Polytechnic Institute Of New York University & The Author Of The Famous Book ‘The Black Swan’

12.30 Speed Networking GAIM INTERNATIONAL NETWORKING LUNCH & INTERACTIVE PROGRAMME Meet a lot of investors fast! You will NEW SMALL GROUP Stream A Stream B Stream C be able to swap business cards and INVESTOR/MANAGER STRATEGY INVESTMENT STRATEGY LAB MAKING THE MODEL WORK INVESTOR INSIGHT & briefly explain your interests before NETWORKING THE TOP PERFORMING FUND SHOWCASE moving onto the next contact. You will have the opportunity to meet NEW GENERATING ALPHA EXPERT LAB 14.30 – 15.10 with over 10 investors or managers INVESTOR STRATEGY ROUNDTABLES In An Era Of Low Returns & Struggling Making The Business Model Work FAMILY OFFICES per session Sign Up to Discuss The Developments In Your Performance, How Can Managers Outperform Hear snapshots of the latest technical What Are The Investing Priorities Of Particular Strategy With Investors Actively The Market & Offer Investors Alpha? thinking in the hedge fund service world and Family Offices In The Current Markets? Allocating In This Area Asset Allocator then ask the experts for their advice in a Will The Move Towards Direct Investment In Erik Keller, ABN AMRO ADVISORS relaxed Q&A session Single Hedge Funds & Emerging Managers NETWORKING LUNCH • Global Macro Continue To Grow? & INTERACTIVE • CTA Managers: Fund Administration: 10mins 14.30 Moderator: • Commodities Anne-Sophie d’Andlau, CIAM Jose Santamaria, PROGRAMME: Dan Axmer, FLEMING FAMILY & PARTNERS • L/S Equity Seth Birnbaum, RBC DEXIA INVESTOR SERVICES 12.30 – 13.30 • FX BRIDGEWATER ASSOCIATES Re-Domiciliation: 10mins Family Offices: Networking Lunch Feature 1 • Event Driven Michael Browne, MARTIN CURRIE The Hon Gilbert Licudi QC, Bernard St Donat, SAINT DONAT & CO PRIVATE INVESTOR SIT DOWN • Merger Arbitrage GOVERNMENT OF GIBRALTAR Neal Berger, EAGLE’S VIEW ASSET LUNCH + TOP PERFORMING FUND Plus two managers to be announced end of Regulation: 10mins MANAGEMENT CAPINTRO SHOWCASE April 2012* Ask The Expert Q&A: 20mins Candice Beaumont, L INVESTMENTS 5 top performing funds will have the opportunity to present their funds to our NEW GLOBAL MACRO VOLATILITY INVESTOR TYPE ROUNDTABLES Exploring The Macro Outcomes And Should Volatility Be Viewed As A Hedge Or Plus investor community during our special Sign Up to Discuss The Developments with Investment Opportunities In A World With Too As An Alpha Strategy? 15.10 – 16.10 private sit down investor lunch. TOP PERFORMING FUND SHOWCASE the following types of investors: Much Debt And Not Enough Growth Moderator: 13.20 – 13.50 Moderator: Sorina Zahan, CORE CAPITAL 5 Funds* Networking Lunch Feature 2 • Pension Funds Each fund presents in front of the above AN AUDIENCE WITH… Dino Sola, MONACO INVESTMENT Asset Allocator 15.20 • Endowments investor panel and the audience for 6 An informal 30 mins Q&A session with RESEARCH Claire Smith, ALBOURNE PARTNERS • Family Offices minutes and then leaves 4 minutes for fund- a hollywood fund • FOHFs Asset Allocator Expert: specific Q&A Dinah Perez, Entertainment Attorney • Private Banking Ernesto Prado, AYALTIS Arthur Berd • HNWI’s JOURNAL OF INVESTMENT STRATEGIES Nordic Energy High Yield Fund 13.50 – 14.20 Manager: Morten E. Astrup, STORM CAPITAL Networking Lunch Feature 3 Jim Conklin, QFS Managers: Herve Gallo, OCCITAN 10mins DELEGATE QUICKFIRE FUND Plus two managers to be announced end of Josh Davis, PIMCO Q & A & Investor Feedback SHOWCASE DAY 1 - April 2012* Pierre de Saab, DOMINICE & CO with Live Manager Selector Feedback Come, listen and cheer on ten brave 16.10 Afternoon Tea – Plus GAIM International Speed Networking Session 2 funds talk off the cuff with 90 seconds each, trying to convince the asset- NEW SMALL GROUP INVESTOR/MANAGER Stream A Stream B Stream C allocating judges STRATEGY NETWORKING INVESTMENT STRATEGY LAB MAKING THE MODEL WORK INVESTOR INSIGHT

NEW CTA OPERATIONAL DUE DILIGENCE PRIVATE BANKING INVESTOR CLINICS Understanding The Challenges Of Have We Managed To Prove That CTAs Are In A Continued Zero-Interest Rate Speed Networking Operational Due Diligence in a Post-Lehman, Truly A De-correlated Asset Class & Will This Environment Will Private Banking Clients Meet a lot of investors fast! You will Sign up for small group meetings with a range Post-Madoff World Be The Year Of The CTA? Return To Hedge Funds In Greater Force? be able to swap business cards and of investors attending GAIM. Ask them about Tim Barefield, PERSHING SQUARE On Shore Products, Liquidity, Returns, briefly explain your interests before their asset allocation strategy, the strategies Moderator: CAPITAL MANAGEMENT Diversification: What is The Most Important moving onto the next contact. You they are interested in and any particular areas 16.50 Mick Swift, ABBEY CAPITAL Lauri Martin, PRISM ALTERNATIVE Hedge Fund Investment Criteria- will have the opportunity to meet with that interest you. INVESTMENTS Asset Allocator Moderator: over 10 investors or managers per Marie Halloran, KEDGE CAPITAL Minka Nyberg, NYBERG CAPITAL The list and timings will be announced at the Chad Martinson, EFFICIENT CAPITAL session end of April MANAGEMENT David Woodhouse, FAUCHIER PARTNERS Pascal Botteron, DEUTSCHE BANK Yves Guntern, UBP Plus three managers to be announced end of Raphaël Ballaiche, EDMOND DE ROTHSCHILD INVESTMENT MANAGERS April 2012* Follow Us On EMERGING MARKETS ASSET ALLOCATION DISCUSSION GROUP RISK MANAGEMENT Subscribe to the GAIM As A Result Of Marked Energy & Infrastructure Exploring The Future Value Added Of Hedge & INVESTOR EXPECTATIONS International blog Growth, Can Emerging Markets Promise How Can You Ensure That Your Risk Funds: Investors' Expectations, Hopes & Fears. Returns In Our Low Return Global Market? Management Processes Satisfy Investor The Alternative Thursday Hosted Moderator: Requirements? Discussion Group Join our GAIM International Gary Kleiman, KLEIMAN INTERNATIONAL Moderator: Moderator: Yann Meyer LinkedIn group CONSULTANTS Sarah Clar-Boson Panellists: The Sales Perspective: Yves Felder Asset Allocators: PALLADIO ALTERNATIVE RESEARCH Follow @GAIM_Intl on Client Advisor at a large Swiss bank John Velis, RUSSELL INVESTMENTS Asset Allocator: Twitter 17.40 Luis Rodriguez, The Quantitative Analyst Perspective: James Beadle, SOCIETE GENERALE MANHATTAN FAMILY OFFICE Yves Hennard, Head of Performance Watch the latest event Managers: Loren L. Zwillinger, MIGDAL INSURANCE Analysis at UBP Asset Management videos on our GAIMTV Bart Turtelboom, GLG PARTNERS Manager: The Manager Selection Perspective: YouTube channel Vasilios Siokis, CHEYNE CAPITAL Roland Nash, VERNO CAPITAL Alexandre Tugui, Hedge-Fund Research Plus one expert to be announced end of and Selection Analyst at a Swiss Add Gaim International to April 2012* private bank your circles on Google+ 18.30- 20.00 GAIM 2012 Drinks Reception

For the latest programme or to register please visit: www.icbi-gaim.com. Or Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 email: [email protected] 5 FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 5

GAIM INTERNATIONAL 2012 – DAY TWO – WEDNESDAY, 20TH JUNE New Business Strategies For A Low Return & High Regulation Era

08:45 Morning Coffee Extra Features THE MORNING DISCUSSION GROUP And Interactive 30mins The Seeder’s Checklist Sessions What Makes A Fund Attractive & How Is The Seeding Industry & the Nature Of Its Players Evolving To Suit Volatile Markets? Moderator: Tushar Patel, HFIM Seeding Seeders: THE GAIM 2012 09.00 THE GAIM 2012 BREAKFAST Patric de Gentille Williams, FRM & VILLAGE NETWORKING BREAKFAST – Mona Aboelnage Kanaan, PROCTOR INVESTMENT MANAGERS 10:00 Jeroen Tielman, IMQUBATOR & VILLAGE 30mins NETWORKING Emerging Manager Experiences What Are The Experiences Of Being A Seeded Fund? Grab a cup of coffee, settle down Yves Coignard, VOLVAR ASSET MANAGEMENT with some breakfast & make the Willem Appel, ROODHALS CAPITAL most of the chance to meet everyone and catch up with Plus two managers to be announced end of April 2012 contacts from the previous day in our GAIM Village 10.00 Morning Coffee – Plus GAIM International Speed Networking Session 3

10.20 Chairman’s Opening Address

NEW INDUSTRY RESEARCH: 10.30 Which Business Model Holds The Greatest Appeal To The Investor, How Are The Different Strategies Speed Networking Merging & Who Will Be The Winners In This World Of Merging Frontiers? Meet a lot of investors fast! You will Speaker tbc end of April 2012 be able to swap business cards and briefly explain your interests before INDUSTRY BUSINESS BRIEFING PANEL moving onto the next contact. You How Can The Hedge Fund Industry Reinvent itself & Re-Instate Its Importance To The Investor? will have the opportunity to meet Aligning The Hedge Fund Business Model With Evolving Investor Preference After A Prolonged Period Of Low Economic Growth & Lacklustre Performance with over 10 investors or managers Moderator: Dan Shapiro, SCHULTE ROTH & ZABEL per session 10.55 Panellists: Damien Loveday, Global Head Of Hedge Fund Research, TOWERS WATSON Henry Kenner, CEO, ARROWGRASS Jane Buchan, CEO, PAAMCO Peter Schoenfeld, Chairman & CEO, PSAM Bernard Oppetit, Chairman & CEO, CENTAURUS CAPITAL NETWORKING LUNCH & INTERACTIVE

11.45 NEW RESEARCH ADDRESS PROGRAMME: Exploring Market Impact & Hidden Liquidity Jean-Philippe Bouchard, Founder & Chief Scientist, CAPITAL FUND MANAGEMENT 13.00 – 14.00 Networking Lunch Feature 1 THE GAIM 2012 INVESTOR TASK FORCE THE 100 WOMEN IN HEDGE FUNDS Hedge Funds: Absolute Or Relative Return In Reality? NETWORKING LUNCH Are Hedge Funds Losing Their Absolute Return Label & Instead Undergoing A Rebranding As The Sensible Choice To Insulate Against Risk & Volatility In The Markets If you are a member or a prospective & What Does The Investor Really Want From A Hedge Fund Investment? member please join the special 12.10 Moderator: Al Samper Panellists: Jim Dunn, CIO, WAKE FOREST UNIVERSITY networking lunch to get together with Niels Oostenbrug, Director, Alternative Investment Programme, MN SERVICES female industry peers Anthony O’Toole, Executive Vice President, Chief Financial and Investment Officer, AMERICAN LEGACY FOUNDATION Greg Haenni, CIO, CERN PENSION FUND 13.00 GAIM INTERNATIONAL NETWORKING LUNCH & INTERACTIVE PROGRAMME Stream A Stream B Stream C INVESTMENT STRATEGY LAB INVESTMENT STRATEGY LAB HEDGE FUND REGULATION CLINIC 13.50 – 14.20 TAIL RISK COMMODITIES THE FUTURE FOR REGULATION CLINIC Networking Lunch Feature 2 How Can We Create A Better Tail Risk Hedge For The Are Commodities Becoming Too Expensive? Moderator: Daniel Capocci, ARCHITAS MULTI MANAGER AN AUDIENCE WITH… Current Markets & What Is The Best Strategy To Protect Are We Witnessing A Bubble Or A Fundamental Paradigm 15mins: European Regulatory Briefing An informal 30 mins Q&A session Against Blow Ups? Shift Due To New Supply And Demand Balances? Understanding The AIFMD: What Will It Mean For The with… European Hedge Fund Markets & Exploring The Moderator & Asset Allocator: Guest Speaker tbc Moderator: Candice Beaumont, L INVESTMENTS Implementation Timeline Jiri Krol, AIMA Ron Di Russo, FX CONCEPTS 14.20 – 14.50 Asset Allocators: Asset Allocator: 15.00 35mins: Industry Panel Eric Bisonnier, EIM John Hess, ALTIUS ASSOCIATES Where Do We Stand With The AIFMD, Networking Lunch Feature 3 Managers: How Will Implementation Work In Reality & Exploring The DELEGATE QUICKFIRE FUND Ryan McRandal, AXA INVESTMENT MANAGERS Dr. Joachim Berlenbach, EARTH RESOURCE Benefit & Downside Of UCITS Vs The AIFMD SHOWCASE DAY 2 INVESTMENT GROUP Moderator: Daniel Capocci, ARCHITAS MULTI MANAGER with Live Manager Selector Feedback Plus two managers to be announced end of April 2012* Richard Spencer, MAYFAIR & BOND COMMODITIES Panellists: Thomas Deinet, Come, listen and cheer on ten brave HEDGE FUND STANDARDS BOARD funds with 90 seconds each, Plus two managers to be announced end of April 2012* Olivier Sciales, CHEVALIER & SCIALES convincing the asset-allocating Plus one expert to be announced end of April 2012* judges-strictly off-the-cuff with no props or Powerpoint. 15:50 Afternoon Tea Stream A Stream B Stream C INVESTMENT STRATEGY LAB INVESTMENT STRATEGY LAB UCITS & MANAGED ACCOUNT CLINICS

NICHE STRATEGIES CREDIT & DISTRESSED DEBT MANAGED ACCOUNTS CLINIC *To join the sessions marked with a Are Niche Managers The Route To True Diversity & Alpha? Where Do The Opportunities In The Credit Markets Lie & 15mins: The Platform Perspective star please contact Brenda How Is The Managed Account Offering Evolving & What Are How Do Niche Strategies Capitalise On Real Inefficiencies How Can You Best Position Yourself To Take Advantage Of Cunningham on In The Market? These Opportunities? Investors Looking For In The Current Market? Arnaud Massenet, LUMA SOLUTIONS [email protected] Moderator & Asset Allocator Moderator: 35mins: Industry Panel Russell Lundeberg, BARRETT CAPITAL MANAGEMENT Peter Lupoff, TIBURON CAPITAL Are Managed Accounts The Way Forward For The Hedge 16:20 Managers: Athanasios T. Ladopoulos Fund Industry: What Barriers Stand In The Way Of Achieving DIRECTORS DEALINGS (DD) FUND Managers: This & How Can We Overcome These? Jeff Peskind, PHOENIX INVESTMENTS Jeff Hudson, CEDAR RIDGE PARTNERS Asset Allocator: Peter Coates, LIGHTHOUSE PARTNERS NEW! The GAIM 2012 Platform: Claudia Quintela, MORGAN STANLEY Peter Powers, CRANWOOD CAPITAL MANAGEMENT Brandon Osmon, HAYMAN CAPITAL Managers: Joanna Thompson, FX CONCEPTS BBQ On The Terrace! Kick back, watch the sun set and join Plus two managers to be announced end of April 2012* Plus two managers to be announced end of April 2012* Stephen McGoohan, MAN INVESTMENTS us for our summer BBQ. It will be the perfect opportunity to make FOREIGN EXCHANGE UCITS CLINIC DISTRESSED DEBT & PRIVATE EQUITY 15mins: New Research those all important connections and 2011 Was A Difficult Year For Many FX Managers - Where Exploring The Differences Between A Hedge Fund And A Are The Sources Of FX Alpha Likely To Be Found In 2012? UCITS Vs AIFMD represents the last chance to meet Private Equity Investment Strategy For Distressed Debt & Which Product Makes Most Sense For Your Fund & Where fellow possible business prospects Moderator: Which Will Outperform In Our Era Of Sovereign Debt? Do The Differences Lie? before heading back to the office for Dennis Rhee, TREESDALE PARTNERS Moderator: Philippe Roesch 35mins: Industry Discussion another year! Marketing Product Or Innovation? Asset Allocators: Asset Allocator: Giovanni Pozzi, JW PARTNERS Just How Important Should UCITS Be To The Hedge Fund 17.10 James Gereghty, SIGULER GUFF Industry & What Makes a Successful UCITS Strategy? Philip Brass, CITIFX INVESTMENT STRATEGIES Managers: Moderator: Sophie Van Straelen, ASTERIAS Manager: Zoran Kozic, PAMPLONA CAPITAL Ade Oduni, GOOSEHOLLOW CAPITAL Kenneth Staut, TIBURON CAPITAL MANAGEMENT Asset Allocator: Salvatore Cordaro, TAGES CAPITAL Jake Barton, EFFICIENT CAPITAL MANAGEMENT Plus one manager to be announced end of April 2012* Khing Oei, EYCK EUROPEAN DISTRESSED OPPORTUNITIES FUND Manager: Erling Thune, DNB ASSET MANAGEMENT UCITS Platform: Stephane Berthet, MORGAN STANLEY

18.00- 20.00 GAIM INTERNATIONAL 2012 BBQ On The Terrace!

ICBI provides this material as part of the conference material for illustration purposes only and has made no independent analysis of its accuracy, 6 completeness or authenticity. Accordingly, ICBI assumes no responsibility whatsoever for it content or presentation FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 6

THE GAIM INTERNATIONAL INVESTOR & ASSET ALLOCATOR COMMUNITY

Eric Bissonnier, Partner, Chief Salvatore Cordaro, Founding Partner & Chief The GAIM Investor Community Strategist & Member of the investment Officer, TAGES CAPITAL Executive Committee & Chairman Prior to joining Tages, Salvatore was Head of Portfolio Management within Snapshot Alpha Strategies at Credit Suisse, managing and overseeing over 10 billion of the Global Investment USD of assets. At Credit Suisse Salvatore served also in other roles, Who Attends? Committee, EIM Our 250+ investor and asset allocator community comes from a range of including Deputy Head of Alpha Strategies and Head of Manager Selection. Mr. Bissonnier began his professional career as an MIS Analyst at Chase Prior to joining Credit Suisse in 2004, Salvatore served as a senior hedge fund analyst and different investment backgrounds offering a variety of expectations, Private Bank in Geneva in 1992 and in 1994 was appointed Portfolio portfolio manager with BSI SA. perspectives and investment appetites. All are actively allocating to the hedge Manager responsible for managing over $300 million in discretionary multi- fund industry. Investors range from… asset class and multi-currency portfolios. In 1998, E.I.M. S.A. recruited Mr. Marc de Kloe, Summit • Pension Funds & Endowments (including Colorado Fire & Police Pension, Bissonnier as Hedge Fund Portfolio Manager and Research Analyst and in 2003 he was appointed Head of Portfolio Management and Research and Alternative Investment Manager, Speaker Howard Hughes Medical Centre Investment Office, Ohio State University, Chief Investment Officer for Europe and Asia, managing assets of over ABN AMRO PRIVATE BANKING Barclays Pension Fund, CERN Pension Fund, MN Services) $14’500 billion. In 2010 Mr. Bissonnier was jointly responsible for setting up Marc has a background in law and asset management, starting off working at • Fund Of Hedge Fund Allocators (EIM, Abbey Capital, UBP Asset the EIM Managed Account Platform. Clifford Chance and more recently taken up responsibility for alternative investment Management, Ayaltis, AXA Investment Managers) product management at ABN AMRO Private Banking, responsible globally but (Bank Julius Bear, Cheviot, Deutsche Bank Summit based in Amsterdam. Over the last 2 years he has rebuilt the department and service offering and • Private Bank Asset Allocators Rob Blandford, Speaker this year) coordinates efforts between the local country needs and bringing the product to market, managing the Director of Investments, process from start to end. This includes business and product development and strategy. • Family Offices (including The Manhattan Family Office, L Investments, Spider Management Company, Fleming Family & Partners, Saint Donat & Co) UNIVERSITY OF RICHMOND James Dunn, Vice President & Chief Investment Rob Blandford manages all public and private Officer, WAKE FOREST UNIVERSITY investments of the investment pool managed by SMC. Prior to joining Jim is responsible for investment of the University's endowment, working SMC in 1999, he was Senior Portfolio Manager at Lowe, Brockenbrough capital and life income assets of over $1.4 billion. Jim was appointed chief & Co. and Senior Investment Officer for the Virginia Retirement System. investment officer at Wake Forest University in July 2009 and he works Rob holds a Bachelor of Science in Business from the University of closely with the investment policy committee of the University's Board of Richmond, a Master of Business Administration from Virginia Trustees in partnering with the most sophisticated investment management organizations Commonwealth University, and is a Chartered Financial Analyst. He is throughout the world. Jim also serves on the President Cabinet, the University Senate, the also a past President of The Richmond Society of Financial Analysts. Wake Forest Faculty Athletics Committee and the College Town Steering Committee.

Lawrence Borsanyi, Summit Yves Felder, Corporate Advisor at a large Swiss Managing Member Speaker bank, CAIA & Founding Partner, Yves is in charge of the advisory of corporate clients with a focus on ABSOLUTE EQUITY MANAGERS structured finance (LBO, etc.) and following M&A processes . Previously, he has been working as a segment manager for corporate and institutional Lawrence is also a Director of the AEM Select Fund, clients and used to be responsible for the implementation of strategic Ltd., which is global fund of funds, specializing in How To Meet With The Right Investor For Your Fund? priorities and the analysis of sales figures. He is a Founding Partner and the Secretary of the equity based strategies. Previous to founding AEM, Lawrence Borsanyi financial association The Alternative Thursday. Our investor community fill in detailed forms explaining what strategies they was the Founding Partner at International Value Advisors. IVA is a are actively investing in and who they would like to meet so that managers in global investment adviser, which incepted in 2007 and today manages attendance can connect with the right investors for their fund. No other over US $17 billion. At IVA, Mr. Borsanyi was head of the firm’s Product Jose Galleano, Summit conference offers this in-depth information Development department and was responsible for global institutional Head Of Alternative Investments, Speaker distribution and international client relations. SYZ ASSET MANAGEMENT Prior to joining SYZ Asset Management in April 2005, José was Head of Mona Aboelnaga Kanaan, President and CEO, Pascal Botteron, Alternative Investments at Banque Cantonale Vaudoise, where he started up PROCTOR INVESTMENT MANAGERS LLC Managing Director & Global Head, Hedge Funds, and developed this activity during three years. Prior to that, he was Portfolio Manager within the Mona oversees Proctor's strategic development and acquisition program. Mutual Funds and Multi-Manager Investments, Lombard Odier Darier Hentsch alternative asset management group. Previously, he worked five years at Arthur Andersen in the Audit and Financial Risk Management divisions. Jose’s research Before co-founding Proctor, Mona co-founded Overture Asset Managers, DEUTSCHE BANK LLC. As Senior Managing Director and Head of Strategic Development and papers on asset allocation in the alternative sector have been published in numerous reviews. Pascal is in charge of research, due diligence and distribution for hedge Acquisitions for Overture, Mona spearheaded acquisitions and partnership funds and mutual funds for DB Private Wealth Management. This activity agreements with affiliate and partnership firms. Previously, Mona was a Senior Vice President also encompasses the management of fund of funds programmes for both hedge funds and Tony Gannon, Founder, CEO & CIO, at Communications Equity Associates and prior to joining CEA, Mona was a Vice President and mutual funds. Prior to joining Deutsche Bank in 2004, Pascal worked for Pictet Asset ABBEY CAPITAL Portfolio Manager at Siguler Guff & Company. Management, Pictet & Cie, where he was Head of Hedge Fund Product Development. Before Abbey Capital is an alternative investment firm focused on managed futures and foreign exchange. Founded in 2000, Dublin-based Abbey Capital Daniel Axmer, Portfolio Manager, Hedge Funds, Pictet, Pascal worked for KPMG and Arthur Andersen in risk consulting and then Ernst & Young as a Senior Manager covering Hedge Fund Services in Switzerland. manages over $4.2 billion* and allocates this to the Commodity Trading FLEMING FAMILY & PARTNERS Advisor (CTA) sector through its multi-manager, managed accounts platform. Daniel joined MFEX in Sweden where he was responsible for all trading Philip Brass, Director & Senior Team Member, The Investor base of Abbey Capital’s funds includes pension funds, foundations, endowments, activities. In 2003 he moved to Asset Alliance International in London, major private banks, multi-family offices and charities across Europe, North America and Asia.. responsible for manager selection, portfolio construction and due diligence of CITIFX INVESTMENT STRATEGIES Philip joined Citi in 1992 and spent his first 7 years as a Foreign Exchange Salesperson hedge fund strategies. Daniel joined FF&P Asset Management in September Patric de Gentile-Williams, COO, 2007 and is responsible for hedge fund selection. marketing FX products to Institutional Funds and Insurance companies across the UK and Europe. He then joined the CitiFX Flows team and ran the Advisory Service for 5 years. Since FRM CAPITAL ADVISORS Jake Barton, Member Of The Investment Team, 2006 he has worked in the CitiFX Investment Strategies group structuring FX investment Patric de Gentile-Williams joined FCA in August 2007 as Chief Operating EFFICIENT CAPITAL MANAGEMENT products for our clients based on internal and external FX strategies. Officer to focus on assisting new managers in establishing their businesses. Efficent Capital Management was founded in 1999 allocating over $2B to the Previously, Patric was CEO of PCE Investors Ltd, a Hedge Fund Platform. As managed-futures space. Jake was recently appointed Director of UCITS Tony Broccardo, Summit founder of the business in January 2004, Patric was responsible for business Projects and is launching a UCITS Index capturing the returns of the Chief Investment Officer, Speaker strategy, manager selection as well as risk management and day to day implementation of the company’s business plan. managed-futures industry through a multi-manager approach. He holds a BS BARCLAYS PENSION FUND and MBA from Northwestern University and the Kellogg School of Management. This circa £18 billion (Sterling) Fund is highly diversified and global. Tony’s team is , , responsible for the asset allocation process, investment management, James G. Gereghty Managing Director William Bassin, Summit implementation and risk budgeting of the Fund. The Fund utilizes a significant SIGULER GUFF Managing Director, Speaker number of external asset class specialists., with 30% of assets under management invested in James is the Head of Distressed Investing for the Firm. Mr. Gereghty is Alternative Investments, Alternatives. Tony’s previous experience includes being an Executive Director and CIO for F&C Asset responsible for investment selection and monitoring, asset allocation, due UBP ASSET MANAGEMENT Management PLC, and as a Global Partner and Institutional CIO for INVESCO Asset Management diligence and portfolio risk management. Mr. Gereghty has over 17 years of William Bassin joined UBP Asset Management in 2010 as a Managing Inc. In both roles, over a period of fifteen years, he Chaired the Global Asset Allocation Committee. capital markets experience, 14 of which he has spent focusing on distressed Director in Alternative Investments. Prior to joining UBP, Bill was Director of debt and private equity. Investments for the Museum of Modern Art’s Endowment, and before that held various senior Daniel Capocci, Investment Manager, ARCHITAS roles in portfolio management and structuring within the hedge fund space at Lehman Brothers MULTI-MANAGER Nick Guglielmo, Summit and Auda Hedge, LLC. For the last seven years Bill has been an Adjunct Professor at New Daniel joined Architas Multi-Manager as an Investment Manager in November Treasurer, Speaker York University, where he continues to teach a class titled "Introduction to Hedge Funds." 2010. Daniel focused his PhD on the decomposition of hedge fund returns and THE ASSOCIATED PRESS the impact of inserting hedge fund in a classical portfolio. Before joining Nick joined Associated Press (AP) in 2006 and is a member of AP’s James Beadle, Senior Investment Advisor, ARCHITAS, Daniel worked at KBL European Private Bankers (part of KBC Bank) Investment Management Committee. Nick oversees all investments related SOCIETE GENERALE PRIVATE BANK, as a portfolio manager on the long only and on the hedge fund side since 2001. to AP’s global defined benefit and contribution plans. Before joining AP, Nick MONACO. was with Gannett Inc. where he led Gannett’s capital market activities as well as overseeing James represents Russia on the Emerging Market Investment Committee, Sarah Clar-Boson, Founding Partner, CEO, the Gannett Foundation investment portfolio and the deferred compensation plan. specialises on emerging market investment solutions and works predominantly with PALLADIO ALTERNATIVE RESEARCH GROUP With over 9 years of experience in hedge fund analysis, manager selection and Summit Eastern European clients. He has over ten years of experience in finance in the W. Russell “Rusty” Guinn, former Soviet Union, including three years as managing hedge funds for Pilgrim Asset Management. due diligence, 5 years in portfolio management and 12 years in the financial Speaker industry, Ms. Clar-Boson is the Founding Partner of Palladio Alternative Research Portfolio Manager, Candice Beaumont, Managing Director, Group. Prior to founding Palladio, she was a Senior Hedge Fund Analyst & TEACHER RETIREMENT SYSTEM OF TEXAS L INVESTMENT Portfolio Manager at Optifin SA for 3 years, managing FOFs, with an emphasis on Healthcare, Niche Mr Guinn is responsible for the identification and selection of external managers for TRS’s $26 billion external long-oriented manager portfolio. Mr. L Investments is a family office with a vast portfolio of public and private strategies, Sector funds, Event-Driven and emerging managers. She is still working as an Advisor to Guinn joined TRS in 2009 from Asset Management Finance, a New York- equity that is primarily focused on commodities. Candice oversees all capital Advantage Management Ltd (Bahamas) for its dedicated Healthcare FOF. based specialty finance / private equity company that facilitates generational transfer, capital allocation decisions for the fund of funds as well as the direct investment restructuring and management buyouts of both traditional and alternative investment portfolio. She is also a financial consultant to Genoil Inc, (www.Genoil.net) an Austin Cooley, Summit management firms through a unique fixed-period revenue sharing financing model. emerging heavy oil technology and portfolio company of L Investments. Investment Officer – Alternatives, Speaker FIRE AND POLICE PENSION Raphaël Bellaiche, Head of Operational Due Diligence, Yves Guntern, Summit EDMOND DE ROTHSCHILD INVESTMENT MANAGERS ASSOCIATION OF COLORADO Executive Director, Speaker Prior to EdRIM, Raphael was Head of Operations at Edmond de Rothschild Multi-Management. Austin provides investment analysis support to the CIO in the implementation and monitoring of the investment portfolio through the evaluation of current and UBP HEDGE FUND ADVISORY From 2006 to 2008 he served as Senior Internal Auditor at the General Inspection of LCF Yves is member of the Hedge Fund Advisory team and responsible for Single potential investment managers, investment strategies and asset classes. Additionally, Austin Rothschild Paris where he managed internal audit and consulting missions focusing on asset Hedge Fund investments and Co-Investment opportunities. Prior to joining leads the group's research efforts in asset allocation and risk management. Current initiatives management and private banking. From 2001 to 2006 Raphaël was Senior Internal Auditor at UBP, Yves was Head of Global Investment Products at Renaissance are the implementation of a long-biased long/short equity portfolio with the Global Equity the General Inspection of Société Générale working as team leader or associate auditor on Investment Management from 2007 to 2009 and was appointed CEO of the company’s Geneva allocation, oversight of the Absolute Return hedge fund allocation, and research into tactical assigments in investment banking and retail banking. operation. From 2003 to 2007, he was already with UBP as Head of Marketing & Business asset allocation and hedging schemes. Development. Neal T. Berger, President, Summit EAGLE’S VIEW ASSET Speaker MANAGEMENT “The Monday Manager Selection & Asset Allocation Summit was well Grégoire Haenni, Chief Investment Officer, CERN Eagle’s View Asset Management, LLC is a principal investor in hedge funds as received. It was a more intimate working group-style day with a large PENSION FUND well as an Advisor to some of the world’s most prominent, sophisticated and number of investors contributing to the discussions and staying in the Prior to joining CERN, Mr. Haenni was heading the Research and wealthy families, individuals, and select institutions with respect to their hedge sessions for the whole day. As a result, a friendly atmosphere Investments department at Bank Of China (Suisse) Fund Management SA. fund allocations. Eagle’s View has a general persuasion toward ‘niche-oriented’ hedge fund developed quickly and it was a very constructive day” Before that, he founded Bedrock Alternative Asset Management SA, a strategies that seek to exploit legitimate inefficiencies or ‘edge’ in the marketplace. Eagle’s View Dino Sola, Director, subsidiary of Bedrock Group, and was Managing Partner from 2007 to 2008, Asset Management, LLC is also the General Partner and Investment Manager to three Fund of MONACO INVESTMENT RESEARCH as well as Head of Research and Portfolio Management. He was a portfolio manager of two Fund products. Neal Berger has been working on Wall Street for more than twenty years and has funds of hedge funds, as well as tailor-made portfolios designed for UHNWI, based on been in the hedge fund industry for more than fifteen years. proprietary multi-dimensional models that he developed over 15 years.

For the latest programme or to register please visit: www.icbi-gaim.com. Or Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 email: [email protected] 7 FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 7

THE GAIM INTERNATIONAL INVESTOR & ASSET ALLOCATOR COMMUNITY

Marie Halloran, Senior Due Diligence Analyst, Yann Meyer, Luis Rodriguez, KEDGE CAPITAL CEO & Founder of Chief Risk Officer, Ms. Halloran is responsible for operational and legal due diligence on MY INVESTMENTS MANHATTAN FAMILY OFFICE existing and potential hedge fund managers at Kedge Capital, a Family Yann gained his experience over the last 16 years spent in the Finance Luis works as a risk manager for the Manhattan Family Office (MFO). The Office. Prior to joining Kedge in 2010, Marie headed the operational due industry (including 10 years for UBS AG). He worked the first 8 years of his MFO is an advisor to a single family who holds a portfolio of investment diligence effort at Pamplona Capital, a Fund of Funds. Prior to Pamplona career as an International Wealth Manager and then went to some more product orientated funds now totaling over $2.5 billion in both the US and Europe. The MFO Capital, Marie worked as a financial analyst at UBS O'Connor within its proprietary structured activities such as Forex Trading and Structured Investments. He redesigned three Swiss financial advises the US portfolio, approximately $1.5 billion. The Risk Management platform developed products business. Marie qualified as an accountant whilst at Deloitte, where she spent the companies since and setup his own companies in January 2011. He is a Founding Partner of the by Luis, manages the risk for 30 long only mandates, 30 single strategy hedge funds and 2 first five years of her career as a Financial Services Corporate Tax Manager. financial association The Alternative Thursday. multistrategy hedge fund platforms.

Mark Hedges, Summit David Miller, Summit Speaker Bernard Saint-Donat, Chief Investment Officer Speaker Partner, NATIONWIDE PENSION FUND Founder, CHEVIOT ASSET MANAGEMENT SAINT DONAT & CO Mark takes responsibility for manager selection, appointment and performance Cheviot Asset Management is one of the fastest growing private client and and implementation of the asset allocation strategies agreed with the Fund's Bernard Saint-Donat was trained as a professional mathematician. He institutional investment managers in the UK over the last 5 years, with studied at the University of Paris and at the Institute of Advanced Scientific investment advisors. The Pension Fund has c£2.7bn of assets, invested across assets in excess of £3.5 billion. During his 30 years investment career he equities, index linked gilts, infrastructure, private equity, real estate and credit activities. Studies in Bures-sur-Yvette, France, before going to Harvard University as a has served as a fund manager and a stockbroker at various firms including Flemings, CIO of Research Fellow. He holds a Doctor ès Sciences degree (Habilitation) from the University of the private asset management division, JP Morgan, Managing Director of the UK Investment Paris-Orsay. He held academic positions at Columbia and then Yale University. Subsequently, Yves Hennard, Director, Head of Performance Management team, and Royal Bank of Canada, CEO, British Isles Investment Management. Bernard Saint-Donat joined the Lehman Brothers investment banking division in New York Analysis at UBP ASSET MANAGEMENT before going to Lazard Frères in New York, where he held various investment banking and Yves is in charge of the performance measurement and performance attribution Benjamin Moute, Summit principal investment positions for over fifteen years. analysis for the funds and mandates managed by UBP Asset Management. He Head Of Investments, Speaker is also responsible for the quantitative research work. Prior to joining UBP, he NEWFINANCE Fabio Savoldelli, Summit worked at JP Morgan as a Performance Analyst. He was named in 2010 in the Schroders NewFinance, is a $4.5B AUM multi-manager alternative asset Chief Investment Officer, Speaker Financial News’ 100 rising stars list of the best and brightest under-40s working in financial services. manager. Benjamin joined NewFinance at its inception in 2002. His He is a Founding Partner of the financial association The Alternative Thursday. OPTIMA responsibilities span from the investment and risk teams to the system Previously, Mr. Savoldelli was Managing Director & Chief Investment Officer development one. He is a member of the investment committee, the management committee at Merrill Lynch Investment Managers Alternative Strategies. At Merrill Lynch, Jonathan D. Hook, and the board of the company. He is also the portfolio manager for several programs including Mr. Savoldelli chaired the Investment and Asset Committee and oversaw Vice President and Summit the macro and the trading ones. Most recently Benjamin initiated a strategic change of investments into hedge funds and managed futures funds, a position he held for over ten years. Chief Investment Officer, Speaker direction of the company by launching its managed account platform At Merrill, his group managed assets through commingled and customized hedge fund of fund OHIO STATE UNIVERSITY vehicles. Prior to that, Mr. Savoldelli was CIO for the Americas at the Chase Manhattan Private Jonathan joined Ohio State in August 2008 to establish and direct the Office Niels Oostenbrug, Bank, where he was responsible for managers investing assets in international and domestic of Investments, which is responsible for the University’s Long-Term Investment Pool. Prior to Director, Alternative Investment Programme, institutional, private client and ERISA funds. joining Ohio State, Jonathan was Vice President and Chief Investment Officer at Baylor University, where he started that school’s investment office in 2001. In 2005, he was honored MN SERVICES Claire Smith, as “Endowment Officer of the Year” by Foundation and Endowment Money Management Niels Oostenbrug is the head of alternative investments at Mn Services. He joined MN Services in 2002, where today he is responsible for all its alternative Research Analyst, Partner, magazine for Baylor’s top performance that year. In 2007, he was nominated as one of the ALBOURNE PARTNERS LIMITED finalists for the “Savviest Non-Profit Organization” in North America. investments, including private equity, infrastructure, commodities, hedge funds, gtaa and special investments. Niels started his career trading derivatives and bonds, before he Claire Smith is a Research Analyst and Partner with Albourne Partners, covering quantitative joined the asset management department of Fortis Bank in 1998. equity market neutral, statistical arbitrage, convertible arbitrage and volatility arbitrage hedge funds Erik Keller, Senior Hedge Fund Analyst, and portfolio hedging strategies. Prior to joining Albourne in 2004, Claire was a consultant ABN AMRO ADVISORS providing hedge fund research to London based fund of fund managers. From 1986 to 1998 Claire ABN AMRO Advisors is the multi-management center of expertise of the ABN Anthony T. O'Toole, worked in derivatives at UBS and was made head of European Convertible Sales in 1994 and AMRO Group. Erik is responsible for the selection of hedge funds, fund of Executive Vice President, Head of Investor Derivatives Marketing in 1996. Claire completed a Masters program in Chemical hedge funds and alternative UCITS funds. Prior to joining ABN AMRO and Chief Financial and Investment Officer, Engineering at Imperial College, London. She is a Director of the London Board of 100 Women in Fortis Mees Pierson in 2007 - which was acquired by the Dutch state in 2008 AMERICAN LEGACY FOUNDATION Hedge Funds. and merged with ABN AMRO - he worked for PIMCO Europe and Robeco Asset Management as Anthony oversees the Foundation’s Finance, Administration, and an account manager and product specialist for fixed-income strategies. He started his career in Investment Activities. He oversees the Foundation’s operating budget and Dino Sola, 1998 at ING Investment Management as a portfolio manager in the institutional clients department. working closely with the Foundation’s board treasurer and investment advisory committee, Director, manages the Foundation’s long-term investments to ensure the long-term fiscal health of the MONACO INVESTMENT RESEARCH organization. Mr. O'Toole joined Legacy from Columbia University where he last served as Cedric Kohler Dino Sola is the director of Monaco Investment Research (MIR), a new firm Summit associate vice president for financial services and systems at the Health Sciences Division. He Head Of Advisory, that provides research and advisory services to institutional investors, Speaker was also responsible for managing school and department agreements with New York FUNDANA specializing in asset allocation, risk management, alternative investments, due Presbyterian Hospital and the affiliation agreement with Harlem Hospital. Cédric joined Fundana in 2011 as Head of Advisory. Before that, he was the diligence and financial market intelligence. He is also the scientific director of the Master in Head of Funds of Hedge Funds for Lombard Odier. From 2004 until 2007, Financial Engineering at the International University of Monaco (IUM). He teaches several he was Head of Risk at Citadel in Chicago. Prior to this, he was an MD at Tushar Patel, CIO & Managing Director, graduate courses at IUM, including a course on Hedge Fund Management and a course on Merrill Lynch as the Global Head for Margin & Risk. He started his career with UBS. HFIM Hedge fund Strategies. Tushar Patel is responsible for Investment Management for the fund of Ram Lee, hedge funds activities at the firm. The firm’s approach is identify, research Jeroen Tielman, Founder, Managing Director of and invest in emerging alpha strategies. He has 15 years of experience IMQUBATOR Summit within hedge funds and fund of hedge funds. Tushar is an Associate IMQ is the manager of the IMQubator hedge seeding fund- it was founded in Portfolio Strategies, Speaker member of the Society of Investment Professionals, a member of the CFA Institute, CFAUK 2009. IMQubator has been funded with €250mln from APG and has committed HOWARD HUGHES MEDICAL and formerly an individual member of the London Stock Exchange. €175mln to 7 emerging hedge fund managers as of March 2011. Previous to INSTITUTE’S INVESTMENT OFFICE IMQ Jeroen was managing director with Cordares, founder and CEO of HHMI is a $16 billion endowment. Ram works across all asset classes and provides views on Giovanni Pozzi, CEO, FundPartners - an investment fund engineering boutique backed by PGGM - and from 1986 until global macro anomalies to inform asset allocation, as well as sourcing and evaluating JW PARTNERS 2000 Jeroen worked with ABN AMRO in several positions in Amsterdam and New York. managers, with a focus on hedge funds. Ram directly manages a global macro relative value JW Partners is a specialist currency research and advisory company serving internal hedge fund for an HHMI subsidiary and a model driven long only portfolio. He has institutional investors in building currency multimanager portfolios. Previously, recruited, hired, and trained a majority of the investment professionals at HHMI. Previously, Alexandre Tugui, Giovanni was a key component in currency excellence teams as a market Hedge-Fund Research & Selection Analyst at a Ram was Director of Investments at the University of Pennsylvania’s endowment. maker and proprietary trader. Mr. Pozzi worked for Banque Paribas, American Express Bank, SBC Warburg, UBS. Mr. Pozzi has a deep understanding of the SWISS PRIVATE BANK Damien Loveday, Global Head Of Hedge Fund Manager dynamics of FX liquidity and behaviour of the various participants in the foreign exchange market. Alexandre has worked in the hedge fund research team of a Swiss private Research, TOWERS WATSON bank since 2008. He focuses on the selection and monitoring of hedge fund Bio can be found on Page 10. managers as well as several aspects of portfolio management. Previously Ernesto Prado, Co-founder & CIO, he worked in the Investment Management team of the Swiss Social Security fund and in the AYA LT I S Treasury Center department of Nestlé. He is a Founding Partner and the President of the Russell E. Lundeberg, Jr, Principal & Chief Ayaltis is a specialised fund of hedge funds advisor. Prior to Ayaltis, Ernesto financial association The Alternative Thursday. Investment Officer, BARRETT CAPITAL was CIO of Peak Partner SA and an executive director of Harcourt. Ernesto MANAGEMENT, LLC also worked at Fidelity and Salomon Brothers in the Fixed Income John O. Velis, derivatives group. In 1998, he restructured Salomon’s LTCM fixed income Mr. Lundeberg has overall responsibility for developing and implementing the Head of Capital Markets Research, EMEA, investment strategy for member families. Responsibilities include oversight of derivative portfolio in extremely volatile conditions. due diligence, manager selection, top-down strategy research, and portfolio RUSSELL INVESTMENTS management. Mr. Lundeberg has nearly 15 years of experience in the alternative investment Ian Prideaux Summit John follows financial markets and global macroeconomic developments; industry. Barrett Capital Management, LLC is a private multi-family office that allocates Director of Investments, Speaker these views are inputs into Russell’s investment management, consulting investment capital to external managers across a broad range of strategies and asset classes. and advisory services and public media profile. In addition John researches GROSVENOR ESTATE investment themes and topics to help advance Russell’s thought leadership in asset Ian Prideaux manages the Grosvenor Estate’s non-property investment management, investment advice and global financial developments. John also serves as the Alasdair Macdonald, Summit portfolio. This includes long equity and bond portfolios, commodity, hedge EMEA region’s member of Russell’s investment strategy team that formulates and articulates Head of Investment Strategy UK Speaker fund and private equity investments. He is responsible for asset allocation the group’s strategic views on economics, financial markets and recommended strategic & Member Of The Global and manager selection, investments being managed externally. Ian has been with Grosvenor investment tilts. since 2006, and was previously at HSBC Private Bank, SG Warburg and Price Waterhouse. Investment Committee, TOWERS WATSON Alasdair joined Towers Watson in 1999 and heads the UK investment strategy Sassan Zaker, Head Of Alternatives, Summit team. His clients include some of the largest UK defined benefit pension Andrea Rafael Summit JULIUS BAER PORTFOLIO Speaker funds, insurance companies and sovereign wealth funds. He is a member of the Towers Watson Director of Investment Analytics Speaker MANAGEMENT & Investment Manager Global Investment Committee, which is responsible for all the firm’s capital markets views. & Risk Management, For Alternative Assets, YESHIVA UNIVERSITY Chad Martinson, Director of Investments, JULIUS BAER PENSION FUND Prior to joining the Yeshiva Endowment, Andrea served 3 years as a Senior Sassan Zaker joined Bank Julius Baer & Co. Ltd. In 2004 as Head Alternative Products and EFFICIENT CAPITAL MANAGEMENT Quantitative Analyst at ING Investment Management's Fund of Funds Advisory. He assumed different responsibilities as manger of institutional portfolios in non- Efficient Capital Management is a $2.8 billion managed futures multi- Group where she developed risk analytics and risk management process for the FoHF, traditional mandates. His last responsibility was head of Fund of Hedge Funds. Before joining manager. At Efficient, Mr. Martinson is a member of the Executive performed quantitative hedge fund analysis, and designed and implemented risk analytics and Julius he was head Alternative Investments at Swisscanto. Before he managed global macro Committee and serves as the Portfolio Manager for the firm’s core multi- portfolio management tools. Earlier she was a consultant at Morgan Stanley (Equity Prop and derivative style portfolios at Finfunds Management AG for 5 years. manager product. He has broad industry experience including high-level Group, and Quantitative and Derivative Strategies Group). In addition to her quantitative and roles in applied sciences, technology consulting and management, structured products and risk management experience, Andrea worked as a software engineer for FactSet Research financial engineering as well as a wide range of responsibilities in the due diligence and Systems, Dubois Brown and SmartServ Online. Loren L. Zwillinger, investment processes. Head of Operational Due Diligence, Dennis Rhee, Co-Founder & Managing Member, MIGDAL INSURANCE COMPANY LTD Ryan McRandal, Portfolio Manager & TREESDALE PARTNERS Loren has over 12 years of experience in the analysis of Fund-of-Funds and Head Of The Investment Team Dennis Rhee sits on the executive investment and risk management Single-strategy hedge fund managers. Throughout her career she has constructed various risk controls, due diligence processes and valuation's (Fixed Income and Macro), AXA IM. committees of the Treesdale Funds. He has over twenty years of Wall Street experience in roles ranging from management, fixed income sales checks for hedge funds. Prior to joining Migdal, Loren was at Gems Advisors Ltd (2000-2007). Prior to AXA, Ryan worked for four years as the Head of Research for Loren assumed a broad-range of analytic and operational responsibilities which included Unifortune’s award-winning fund-of-funds. Prior he traded for both SwissRe and trading, derivatives structuring, portfolio and risk management, and the design of bond trading systems. Most recently, Mr. Rhee served as head of Mortgage Backed analyzing hedge funds, responsibility for developing the company's Operational Due Diligence Capital Markets and WestLB in London where he was part of the Cross process and conducting operational due diligence on underlying funds. Market Arbitrage Group. Ryan graduated with a first class, honours degree in International Securities trading at Pedestal, the electronic trading startup sponsored by Reuters and Securities, Investment and Banking from the ICMA Centre. Deutsche Bank.

8 For the latest programme or to register please visit: www.icbi-gaim.com. Or Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 email: [email protected] FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 8

THE GAIM INTERNATIONAL FUND MANAGER & INDUSTRY EXPERT COMMUNITY

Seth Birnbaum, Hervé Gallo,Co-CIO, The GAIM Fund Manager & Portfolio Strategist, OCCITAN CAPITAL PARTNERS BRIDGEWATER ASSOCIATES Herve started his career in 2000 as an Equity trader at Lehman Brothers. He then Expert Community Snapshot Seth is a senior member of the research group with joined Goldman Sachs in 2004 as a derivatives trader. Herve re-joined Lehman expertise in portfolio structuring and the foreign Brothers in 2007 in London as an Executive Director and was promptly promoted to Who Attends? exchange, interest rate, commodity, and equity markets. He also works with manage the European equity derivatives proprietary trading desk. After Nomura’s Bridgewater’s clients to develop investment strategies that meet their buyout of Lehman Europe and Asia, Hervé retook management responsibility for the European equity Our 450+ fund manager and expert community is truly international and offers derivatives proprietary trading desk, until May 2010 when he resigned to set up Occitan. expertise on the whole range of different hedge fund investment strategies. objectives and to provide insight into the research group’s thinking on global markets and economic conditions. Seth has been with the firm since 2002. Managers attend from the big well-known brands and also from boutique and Roberto Giuffrida, Summit niche investment houses. GAIM International is truly a cross-section of the Jean-Philippe Bouchaud, investment management community offering their expertise on the below key Executive Vice President, Speaker Chairman & Chief Scientist, PERMAL INVESTMENT investment strategies… CAPITAL FUND MANAGEMENT MANAGEMENT SERVICES LIMITED • Global Macro • CTA • Commodities • Long/Short Equity • Currency Jean-Philippe Bouchaud became interested in theoretical finance in 1991. He founded the company Roberto Giuffrida responsible for developing and implementing Permal's • Credit • Volatility • Tail Risk • Distressed Debt & Private Equity regional sales strategies, developing new business opportunities and initiating new products to • Emerging Markets • UCITS & Managed Accounts Science & Finance in 1994 with J.-P. Aguilar,that merged with Capital Fund Management (CFM) in 2000. He now capitalize on business opportunities. Prior to joining Permal in 2000, Mr. Giuffrida was with oversees, with Marc Potters, the research team of CFM (35 PhDs) and Scudder-Threadneedle Investments in London where he was in charge of Business teaches statistical mechanics and finance at Ecole Polytechnique. He Development and Clients Servicing in Southern Europe. GAIM International 2011 Fund Manager Geographical Breakdown wrote the book Theory of Financial Risk and Derivative Pricing. Summit Christoph Gort, Partner, Speaker Michael Browne, Portfolio SIGLO CAPITAL ADVISORS Siglo Capital Advisors is a Zurich based independent investment advisor. Chris Manager, European Equities, started at the City of Zurich Pension Fund in 2003 where he oversaw MARTIN CURRIE investments in hedge funds, commodities, some equities and the currency Michael joined Martin Currie in 2010. He joined from overlay. In 2008 he joined Harcourt as a FoHF analyst and later Head of FoHF Sofaer Capital, where he had managed the European Research to advise pension funds and private banks. He holds an MBA in economics from the Hedge Fund with Steve Frost, his co-manager at University of Berne and a PhD from the University of Zurich, specialising in Behavioral Finance. Martin Currie since 2000. Before joining Sofaer, Michael was head of international equities at Chase Asset Management, where he had overall responsibility for all non-US equity portfolios. Michael began his John A. Hess, Co-Founder & CEO, ALTIUS How Can Investors Meet With Fund Managers and Experts career in 1986 at BZW Investment Management, where he was John is responsible for Altius’ relationships with a number of clients, and sits responsible for a variety of European unit trusts and segregated funds on Altius’ Investment Policy Committee. John is recognized as a thought- That Are Of Particular Interest? leader in private equity and contributes regularly to industry panels and When registering for our MyGAIM advance networking tool (our pre-event periodicals. He has been involved in the financial services sector for 35 Jane Buchan,CEO & Managing Director, years, focusing on private equity for 27 years. Prior to forming Altius, John LinkedIn) fund managers detail the strategies they are active in and can post PAAMCO was a Founder and Director of Helix Associates Limited, developing the firm into one of extra details about their fund so that investors can locate fund mangers of Bio can be found on Page 10. Europe’s top private equity placement agent. interest to them in advance of the event. Peter Coates, Jeff Hudson, Partner, Head of European Investments, CEDAR RIDGE PARTNERS, LLC. LIGHTHOUSE PARTNERS LLC Jeff has 19 years of securities experience and is a member of the Portfolio Peter identifies investment strategy opportunities and Management Team as well as the Investment Committee at Cedar Ridge Willem Appel, CEO, sources, analyzes and monitors managers primarily in Partners. Mr. Hudson, in the past has been responsible for trading and ROODHALS CAPITAL Europe. Peter is a member of the Lighthouse Equity research for the Cedar Ridge Portfolios. He is currently focused on strategy Willem Appel is co-founder of Roodhals Capital, an investment manager with Committee and the Lighthouse Relative Value Committee. Prior to joining Lighthouse, Peter served and business development. Prior to joining Cedar Ridge in October 2006, he worked in the offices in Amsterdam and London and manager of the Branta Solutions Fund. as a portfolio manager for a range of alternative funds and managers and served as a senior securities industry for 13 years, including Lehman Brothers where he focused on High Yield His career of 22 years included roles in commodity finance and investment member of the executive team of an alternative-investment asset management business. and Distressed Municipal Debt, Charles Schwab & Co. and Smith Barney. management of credit, equity and distressed portfolios in New York, Hong Kong, Tokyo and Previously, Peter was an investment manager in the U.K., responsible for managing direct equity London. Willem holds a degree in business and economics from Erasmus University Rotterdam. and fund of hedge fund portfolios. Alexander Ineichen, Summit Founder, Yves Coignard, CIO, Speaker Morten E. Astrup, Founding Partner & CIO, INEICHEN RESEARCH VOLVAR ASSET MANAGEMENT STORM CAPITAL AND MANAGEMENT Morten E. Astrup was previously the CEO of the Norwegian hedge fund Orn Yves is a founding partner and has 16 years of experience in the Asset Management industry. He was the deputy head of Quantitative Asset Ineichen Research and Management is a research boutique founded in October Norden that he co-founded in 1997, initially as an investment fund focusing 2009 focusing on absolute returns and thematic investing. Alexander started his financial career in on IT and E-commerce. Morten started his career early as a trader and has Management Europe at Lehman Brothers, where he was co-founder of the quant department. Prior to joining Lehman Brothers, he was head of quantitative derivatives brokerage and origination of risk management products at Swiss Bank Corporation in over two decades of financial and asset management experience, 1988. In 2009 he was Head of Industry Research for the hedge fund platform at UBS Global Asset specifically within alternative investments, private equity and real estate. He has founded research and portfolio management, then head of equities for Credit Agricole Asset Management. ― Before that, he was head of product engineering at Credit Lyonnais Asset Management. Management. Alexander is the author of the two publications “In Search of Alpha Investing in several successful companies. He has held the role as financial advisor to both institutions and Hedge Funds” and “The Search for Alpha Continues―Do Fund of Hedge Funds Add Value?". family offices in Europe. He has also held board positions for several international companies with combined operations in over 20 countries worldwide. Jim Conklin, PhD, Director of Research, Henry Kenner, Founding Principal, Chief Executive Officer & QFS ASSET MANAGEMENT Chief Risk Officer, ARROWGRASS Benjamin Ball, Summit Jim Conklin joined QFS in 2011 and manages research in collaboration with Dr. Bio can be found on Page 10. Managing Director, Speaker Sanford Grossman. Prior to joining QFS, Dr. Conklin was Head of Investment BENJAMIN BALL ASSOCIATES Research at FX Concepts and member of the Management Committee there. Henrik de Koning, Benjamin Ball spends his time helping management teams win pitches and He was a Portfolio Manager at Fortress Investments Liquid Markets group Managing Director - Summit where he ran a quant-macro portfolio and headed an 8-person quant investment team. With 14 Speaker communicate effectively in investor presentations. Recently he has run Equity Derivatives, sessions for senior management at Statoil, Premier Oil, Linklaters, BNP years of investment experience, Dr. Conklin has worked as a quant-trader and strategist in FX Paribas, & Doughty Hanson amongst others. He has helped them with messaging, presentation volatility trading, currencies, commodities, fixed income relative value, and equity long-short. UBS Investment Bank performance and pitch winning workshops. Henrik de Koning started his career in at Société Générale as a member of Anne-Sophie d’Andlau, the derivative and structured products marketing team. In 2003, Henrik joined UBS Investment Bank, where he successfully set-up the fund wrapping business. Henrik de Koning is in one of Timothy Lee Barefield, Chief Operating Officer, Co-Founder & Managing Partner, CIAM the two founding partners of KdK Asset Management Ltd., a FSA regulated investment CIAM is a French hedge fund, specialized in Merger Arbitrage. Prior to PERSHING SQUARE management company focused on delivering solutions for alternative asset managers to set up launching CIAM, Anne-Sophie spent eight years with Systeia Capital Tim Barefield, Pershing Square’s Chief Operating Officer, joined Pershing regulated investment vehicles. Henrik re-joined UBS Investment Bank in January 2011. Square in September 2006. Prior to joining Pershing Square, Tim was the Management, a Paris based hedge fund, mainly as a portfolio manager of their Event Driven/Merger Arbitrage funds. Before this, she spent six years with CEO of GiftCertificates.com Inc. from 2004-2006 and the Executive Vice- Gary Kleiman, Senior Partner, president of Marketing, Sales and Operations from 2000-2004. Tim was the PricewaterhouseCoopers in their Corporate Finance department, of which three years in New York. Global Head of Human Resources for Swisshotel from 1999-2000 and the Vice-president of KLEIMAN INTERNATIONAL CONSULTANTS Human Resources for Accor North America from 1997 to 1999. Tim was also the Director of Jamie Dannhauser, Summit Gary co-founded the firm in 1987 and it has the longest record of providing Human Resources for Delray Farms, a retail startup in Chicago from 1995 to 1997. independent monitoring and analysis of worldwide banking and securities Senior Economist, Speaker markets, and at its twentieth anniversary launched the “Emerging Markets LOMBARD STREET RESEARCH Talk” blog on its website. The firm’s emphasis is on the emerging Jamil Baz, Chief Investment Strategist, GLG GROUP Jamie Dannhauser joined Lombard Street Research in 2006. He is our economies, and clients include international banks, securities firms, brokerages, fund Bio can be found on Page 10. senior UK economist and specialises in analysis of the banking sector, managers, pension funds, corporations, private investors, and multilateral organizations monetary policy and quantitative easing. He also covers the Euro Area, Italy, worldwide. Kleiman provides market and instrument comparisons, and counsels clients on risk Arthur Berd, Founding Editor-in-Chief, Germany, Spain and the Asian ‘Tiger’ economies. and opportunity associated with portfolio and direct investment, and trading and credit activity. JOURNAL OF INVESTMENT STRATEGIES. Before 2011, Arthur was the Head of Macro Volatility Strategies at Capital Gavyn Davies, Chairman, Zoran Kozic, Partner, Fund Management, and before that the Head of Quantitative Market FULCRUM ASSET MANAGEMENT, Co-Founder, PAMPLONA CAPITAL MANAGEMENT Strategies at BlueMountain Capital Management. Earlier, Arthur worked at PRISMA CAPITAL PARTNERS Pamplona is a London-based alternative asset manager with $3bln AUM. Lehman Brothers and Goldman Sachs Asset Management. He holds a Ph.D. Bio can be found on Page 12. Zoran manages the Pamplona Credit Opportunities Fund. The fund invests in physics from Stanford University. in European residential and commercial mortgage backed securities, CDOs Josh Davis, and corporate credit. Fund focus is documentation driven “alpha trades” in Joachim Berlenbach, Founder & CIO, Senior Vice President, Global Quantitative structured credit, where the investment manager looks to take control of the transactions, direct EARTH RESOURCE INVESTMENT GROUP its outcome and in most cases is insulated from the collateral risk. Previously, Mr. Kozic was a Joachim is a geologist by training and worked for 11 years in the South Portfolio Group, PIMCO Senior MD in the Fixed Income department at Bear Stearns. African gold mining industry prior to completion of 14 years experience in Mr. Davis is a senior vice president in the global quantitative portfolio group. He focuses on portfolio solutions and quantitative strategy, including asset portfolio management and company analysis. Before launching the ERIG , allocation, tail risk hedging, foreign exchange and variable annuities. He Jiri Krol Director of Government and Regulatory funds he has worked for Citibank (SSSB) and was rated best South African Affairs, AIMA gold analyst (2001, 2002). He has been in fund management and consulting since 2003. holds a Ph.D. in economics with an emphasis on macroeconomics and finance from Northwestern University, where he also earned his master's degree. Prior to joining AIMA, Mr Krol worked at the European Commission, where During his previous employments he has developed a substantial network in the South African he was responsible for the coordination of the Commission’s policy towards and European mining and investment industries. Joachim is also a retained speaker on the Thomas Deinet the Financial Stability Board and the G-20. Mr Krol started his career at the CFA program. Czech securities market regulator. He then moved to the European Executive Director, Commission’s Internal Market Directorate-General. While at the Commission, he also worked Stephane Berthet HEDGE FUND STANDARDS BOARD (HFSB) on the Non-Equity Market Transparency and the Commodity Derivatives reviews. Executive Director, Before joining the HFSB, he was a senior manager at Oliver Wyman, the management consulting firm, where he has worked in depth with major Athanasios T. Ladopoulos, Founding Partner & MORGAN STANLEY financial institutions in Europe in both asset management as well as Stephane is head of Distribution within Fundlogic Alternative. Stephane has corporate and investment banking engagements. In 2007, Thomas was the project manager in CIO of SWISS INVESTMENT MANAGERS 16 years experience in structuring and distribution of Fund Derivatives charge of orchestrating the development of the best practice standards proposed by a group of (SIM) & Senior Fund Manager, including managed account platform. Prior to joining the Firm he worked for 14 leading hedge fund managers and the establishment of the Hedge Fund Standards Board. DIRECTORS DEALINGS FUND BNP Paribas Fund where he headed up the distribution of hedge fund-linked products and the Athanasios was recently the Lead Portfolio Manager of several of ACMH Innocap managed account platform for UK. Prior to that he headed up Fund Derivatives Niall Ferguson, Laurence A. Tisch Professor of History, and Xanthus Group’s funds and initiated an MBO. Before that he was the Structuring in Europe for Société Générale, focusing on leveraged transactions. He began his HARVARD UNIVERSITY Lead Portfolio Manager of Kinetic Special Situations. Prior to that, he was Head of Research at career as Portfolio Manager for Credit Suisse Asset Management and Morgan Stanley Private Claridge Capital hedge fund and a futures trader for First Continental Trading based in London. Wealth Management, managing fund of hedge funds. Bio can be found on Page 10.

For the latest programme or to register please visit: www.icbi-gaim.com. Or Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 email: [email protected] 9 FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 9

THE GAIM INTERNATIONAL FUND MANAGER & INDUSTRY EXPERT COMMUNITY

The Hon Gilbert Licudi, Minister With Dinah Perez, President, Richard Spencer, CEO, Responsibility For Financial Services, RED KITE ENTERTAINMENT FILM FUND MAYFAIR AND BOND COMMODITIES GOVERNMENT OF GIBRALTAR Dinah has 16 years experience as an Entertainment Attorney. She has & INVESTMENTS The Hon Gilbert Licudi QC MP is Gibraltar's Minister with responsibility for secured, negotiated, and closed deals with major/mini-major motion picture Richard has over 20 years experience within securities and derivatives and Financial Services. His ministerial portfolios also include, inter alia, Justice. studios, distributors, and agencies in the U.S. She has acquired and developed has been a futures and options trader on the LIFFE, IPE, ICE and Eurex Prior to entering Government, Minister Licudi was a partner in one of screenplays with veteran motion picture producers. Perez is raising $200 Million exchanges. He worked with Barclays, Natwest, Credit Agricole, Refco and Gibraltar’s law firms where he advised on all types of commercial transactions and specialised on behalf of Red Kite, which will be used to co-finance motion pictures with the studios. Nordbanken before starting his personal proprietary trading account in the late 90's. He has in trust litigation. Mr Licudi was appointed Queen's Counsel in March 2012. recently founded London based mining and commodities company 'Mayfair & Bond , Jeff Peskind Founder, CEO, Commodities and Investments'. Peter M. Lupoff, Founder, CEO and Portfolio Investment Committee Chair, Manager, TIBURON CAPITAL MANAGEMENT PHOENIX INVESTMENT ADVISORS Kenneth Staut, Mr. Peskind founded Phoenix Investment Adviser in May 2003. Prior to Peter formerly was a Managing Director at Millennium Management, the Partner & Senior Analyst, New York based Multi-Strategy hedge fund where he managed a portfolio of forming Phoenix, Mr. Peskind started and managed White Ridge Advisors, investments in distressed and special situations. Previously he was LLC, a proprietary pool of capital for Banc of America. Prior to forming White TIBURON CAPITAL MANAGEMENT Managing Director and Senior Portfolio Manager of the Robeco WPG Ridge, Mr. Peskind was a co-manager of the distressed trading business at Bank of America Tiburon Capital Management is an alternative asset manager employing Distressed Special Situations Fund. and also traded the distressed bond book. In 1987 he joined Morgan Stanley where he was event-driven strategies via onshore/offshore funds and separately managed part of a small group which built the high yield and distressed bond trading business at Morgan. accounts. Previously, Mr. Staut was a senior analyst with Schultze Asset Management where he analyzed bankruptcies, restructurings, spinoffs, failed mergers, Lauri Martin, Founder, PRISM LLC Mark Poole, Chief Investment Officer, litigation plays and recapitalizations Lauri Martin founded PRISM LLC, a hedge fund advisory business, in 2009 and has over 16 years of experience evaluating operational risk at hedge BLUEBAY ASSET MANAGEMENT Bio can be found on Page 10. Donald A. Steinbrugge, funds and financial institutions. To date, she has participated in over 1,600 CFA – Managing Partner, extensive hedge fund reviews across various strategies. Peter Powers, CEO & CIO, AGECROFT PARTNERS Don is Chairman of Agecroft Partners, a global consulting and third party Arnaud Massenet, Chief Executive Officer CRANWOOD CAPITAL MANAGEMENT Peter oversees Cranwood Fixed Income Arbitrage Fund, LP and the marketing firm for hedge funds. Agecroft Partners has won 8 hedge fund LUMA SOLUTIONS Cranwood International Fund, Ltd. a British Virgin Island domiciled offshore industry awards as the top third party marketing firm. Don is a frequent guest Before joining LUMA, Arnaud worked for Gottex Fund Management, where fund. Mr. Powers’ experience includes a long career of trading US Treasury on business television including Bloomberg Television, Fox Business News and Reuters Insider. In he was Head of European and Middle-East Marketing in London for Fund of futures contracts. He has been a seat holder of the Chicago Board of Trade addition, he has been quoted in hundreds of articles relative to the hedge fund industry. Hedge Funds products. Previously, Arnaud was at Lehman Brothers heading as well as a registered floor broker. Prior to Cranwood Capital Management, LLC, from 2002- the Equity Derivatives department for Europe, after which he moved into 2008, Mr. Powers served as the head trader and sole manager of Elite Trading Company, LLC. Sophie Van Straelen, investment banking to create the Corporate Derivatives Department. Prior to this role, Arnaud From 1998-2002, Mr. Powers was an independent floor trader with the CBOT. was at Morgan Stanley where he was closely involved in Equity Derivatives. President, ASTERIAS Sophie van Straelen started her professional career in investment banking Claudia Quintela, Executive Director, Fixed Philip T. Masterson, Summit spanning derivative markets and hedge funds. Her 12 year experience in Income Division, MORGAN STANLEY investment banking provided a strong base to found Asterias Ltd, a Senior Vice President, Speaker Claudia is Global Head of Distribution for FX Gateway, a new multi-manager consultancy located in London, specialised in delivering strategic insight in SEI INVESTMENT MANAGER platform launched in 2011 which focusses on FX and CTA strategies. Prior distribution for hedge fund managers. Listed in 2009 by EFinancial News as one of the top 100 SERVICES DIVISION to joining Morgan Stanley, Claudia was an Executive Director in FX Prime most influential women in finance in Europe, she is a recognised, valuable and independent Phil is responsible for the division’s international (i.e., ex-US) strategy, Services at UBS Investment Bank. Prior to this role, Claudia was part of the source of analysis for the media, lobbying groups and investors. business development, client service and delivery. He formerly served as Currency Management Advisory team, working with asset managers and pension plans to President of the Advisors' Inner Circle Funds, SEI’s $15 billion turnkey mutual fund platform. provide advisory and solutions for their currency related issues. Claudia started her career at Nassim Nicholas Taleb, Principal, Phil joined SEI from Citco Mutual Fund Services where he served as general counsel. Prior to State Street Global Markets. UNIVERSA INVESTMENTS L.P., Citco, he served as Vice President and Senior Counsel at OppenheimerFunds. Phil received Distinguished Professor of Risk Engineering and Co-Director of the his J.D. from Creighton University School of Law, cum laude, and his Masters in Securities and Philippe Roesch, Managing Partner Research Center for Risk Engineering at the POLYTECHNIC INSTITUTE Financial Regulation from Georgetown University with distinction. RIAM OF NEW YORK UNIVERSITY, and author of The Black Swan. Universa Philippe has a 19 year track record in international fund-of-funds as well as Investments L.P is a Los Angeles-based investment management firm that Stephen McGoohan, Senior Analyst, direct investments which was gained with reputable private equity investors specializes in hedging tail risk for its clients. Dr. Taleb is a Distinguished Professor of Risk Managed Account Team, Multi-Manager Business, like Auda, Harald Quandt Holding, Triton, DBG (Deutsche Bank). RIAM is a Engineering and Co-Director of the Research Center for Risk Engineering at the Polytechnic MAN INVESTMENTS private equity firm providing tailored advisory services and managed Institute of New York University. He is also a visiting professor at the London Business School and co-director of the Decision Science Laboratory, focusing on errors in the estimation of The primary responsibility of Steve’s team is to ensure efficient Managed accounts solutions to select family offices and institutional investors. remote events. Dr. Taleb is also a best-selling author who has written several books including Accounts from a performance and operating model perspective. This The Black Swan. includes the onboarding of new clients and Investment Managers to the Ron Di Russo, Managing Director, Head of platform as well as determining the strategic direction of the offering. Investment Research, FX CONCEPTS Peter Thiel, President, Ron joined FX Concepts in February 2009 as a Portfolio Manager in options Karlheinz Muhr, trading. Prior to joining FX Concepts, he was a principal of Hyman, Beck & CLARIUM CAPITAL Chief Executive Officer & Member Of The Firm’s Co., responsible for all options trading and research. From 2001 to 2005, Bio can be found on Page 10. Investment Committee, QFS ASSET MANAGEMENT L.P. Ron was president of North Bridge Capital Management, and was Bio can be found on Page 10. responsible for all of trading and research. Northbridge had over $400 million in assets, Joanna Thompson, Director, primarily allocated to quantitative strategies in foreign exchange options. FX CONCEPTS. Roland Nash, Joanna has been involved in the Alternative Investments world for nearly 20 Senior Partner & Chief Investment Strategist, Pierre de Saab, Fund Manager, years with both fund of funds and single managers, after several years in the DOMINICE & CO physical and futures commodity markets. Her experience covers Emerging VERNO CAPITAL market debt and equity, diversified and niche Fund of Funds, single manager Roland joined Verno Capital, a Russian equity manager, as Chief Investment Pierre joined Dominicé & Co in September 2010 as senior Fund Manager working on the Cassiopeia Fund, a market-neutral volatility arbitrage fund. long short equity, and active equity funds. Her career also includes extensive experience in Strategist in January 2010. Roland began his career in Moscow in 1994 at strategic market support and institutional client management roles, with both niche and major the Russian European Centre for Economic Policy where he acted as Previously he worked at UBS and Credit Suisse, where he led various equity derivatives trading desks in Zurich, London and New York. Pierre holds a financial groups, such as FP Consult, Fimagest Generale de Banque, Fortis Investment advisor to the Russian Ministry of Economy. He then began working for Renaissance Capital in Management and GAM, before she joined FC Concepts in early 2011. 1996 where he held a number of positions, most recently as Chief Strategist and Co-Head of MSc in Mathematics from the Swiss Federal Institute of Technology and an MBA from INSEAD. the Equity Product Group until his departure at the end of 2010. Al Samper, Former Chairman Of The Board Of Erling Thune, Minka N. Nyberg, Founder, NYBERG CAPITAL Trustees, VIRGINIA RETIREMENT SYSTEM Portfolio Manager, Nyberg Capital is a Zurich based alternative investment advisory firm. Prior Al Samper is former Chairman of the Board of Trustee of the Virginia DNB ASSET MANAGEMENT to founding her own company, Dr. Nyberg was Head of Alternative Retirement System and former Chairman of the Board of the Virginia Mr. Thune joined DNB Asset Management's global technology team in early Investments at Bank Julius Baer, responsible for the bank’s global hedge College Building Authority. He also serves on the advisory board of the Mid- 2008 where he is responsible for global telecommunications companies and fund and private equity offering. Dr. Nyberg has over twelve years of Atlantic Hedge Fund Association. Al was Director of Public Sector Marketing Media. Mr. Thune started his career in 1993 as a financial journalist for the experience in different areas of alternative investments. at Wachovia Securities. Before that he served as Assistant State Treasurer, Virginia Norwegian Financial Daily. Between 1996 and 2000 he was Senior Vice President and Investor Department of the Treasury. He earned his BS in economics from Virginia Tech in 1975 and his Relations Officer at Elkjøp ASA, Norway's leading retail company, before joining Telenor ASA – MBA in finance from Virginia Tech in 1978.. Ade Odunsi, Co-Founder, Norway's leading Telecom operator – in 2000. GOOSE HOLLOW CAPITAL ADVISORS With 18 years of experience across the FX and interest rate markets, Mr. José Santamaria, Bart Tutelboum, Odunsi was previously at Barclays Capital where he managed the FX Director Of Business Development, Co-Head Of Emerging Markets, Structuring and FX Risk Advisory businesses in the Americas. Prior to joining RBC DEXIA INVESTOR SERVICES GLG Barclays, he was at Merrill Lynch & Co where he held roles including Head of José is responsible for securing new business relationships in the Bart joined GLG in September 2008 from Morgan Stanley where he was the US FX Option Trading, Head of US Rates & FX Structuring and Head of Corporate FX Sales. alternative investments market. José comes to RBC Dexia from RBC Global Co-Head of Emerging Markets. He joined Morgan Stanley in 2004 Wealth Management, where he was head of institutional sales and from Vega Asset Management where he was an emerging markets Portfolio Khing D. Oei, Managing Partner, business development for RBC Global Private Banking. He had joined RBC Wealth Manager. Prior to this, he was a Director at Deutsche Bank in London from 1998 until 2003. EYCK CAPITAL MANAGEMENT LLP Management in 2000 as Managing Director of fund administration operation in the Channel Bart held a variety of positions at Deutsche Bank, culminating in his responsibility for coverage Islands. Previously, José worked with RBC Global Services, starting in 1997 as director of Prior to founding Eyck Capital Management, Khing was a Managing of the firm's largest emerging markets clients. Prior to Deutsche Bank, Bart was an Economist fund services. In this role, José helped set-up the offshore service model for the Americas Principal and Portfolio Manager at Halcyon’s credit platform, which he built for the International Monetary Fund in Washington D.C. from 1994 until 1997. (Canada, USA and Latin America). in Europe. Prior to joining Halcyon, Khing worked at Fortress’ Drawbridge Special Opportunities Fund in London. Previously, he worked at Goldman Richard C Wilson, Peter M. Schoenfeld, Chairman & CEO, Summit Sachs in the European Special Situations Group. Founder, Speaker PSAM LP. Bernard Oppetit, Chairman, CENTAURUS CAPITAL Bio can be found on Page 10. HEDGE FUND GROUP Bio can be found on Page 10. Richard Wilson is a top expert on capital raising and marketing who is the founder of the 50,000 person Hedge Fund Group (HFG) networking Brandon Osmon, Co-Portfolio Manager, Olivier Sciales, Partner, CHEVALIER & SCIALES association, and the Certified Hedge Fund Professional (CHP) designation HAYMAN MORTGAGE CREDIT MASTER FUND, L.P. Olivier Sciales is a partner of the Luxembourg law firm Chevalier & Sciales program. Richard is the author of ten books including the #1 most popular book on hedge who specializes in the investment fund business focusing mainly on the funds, and his articles, blog posts, and books have been read over 5,000,000 times by industry Prior to joining Hayman Capital Management in September 2007, Mr. Osmon was employed structuring and establishment of Luxembourg UCITS, SIFs and part II funds. professionals. by Countrywide Financial Corporation. As a Senior Vice President in Treasury, he managed Olivier Sciales has been listed for several years in the annual Guide to the the company’s asset-backed commercial paper programs and secured warehouse lines of World’s Leading Investment Fund Lawyers. credit. His responsibilities included structuring the facilities, legal documentation and rating David Woodhouse, agency negotiations. Mr. Osmon was also responsible for collateral modeling and liquidity Chief Due Diligence Officer, forecasting. Daniel Shapiro, Partner, SCHULTE ROTH & ZABEL FAUCHIER PARTNERS INTERNATIONAL LLP & LINCOLN VALE LLP Stephen Oxley, Bio can be found on Page 10. Summit Sorina Zahan, Managing Director, Speaker PAAMCO Vasilios Siokis, Partner & Chief Risk Officer, Portfolio & Risk Management, Stephen heads the firm's Account Management Group with responsibility CHEYNE CAPITAL CORE CAPITAL MANAGEMENT for overseeing the firm's global business relationships. He is based in Mr Siokis has been in his current trole since August 2006. From June 2004 Sorina Zahan joined Core Capital Management, an alternative asset London and is also responsible specifically for maintaining relationships to June 2006 Mr Siokis worked at Trafalgar Asset Managers as Risk management company established in 2004 in Chicago, at inception. She is a with PAAMCO's European pension fund and other institutional clients. He is involved in all Management Director and Strategist. From 2001 to 2004 Mr Siokis worked partner and serves the roles of Co-Portfolio Manager and Risk Manager. stages of the investment process and is a member of the Investment Management at HSBC Investment Bank as Vice President for Market Risk Management. Besides her primary responsibilities of portfolio and risk management she also leads the firm's Committee. Prior to joining PAAMCO, Stephen was a partner and Senior Investment From 1999 to 2001 Mr Siokis worked at Algorithmics UK as a Senior Financial Engineer. From research team. Prior to joining Core Capital, Dr. Zahan worked as the strategy and risk analyst Consultant at Watson Wyatt, LLP. 1997 to 1999 Mr Siokis lectured at City University Business School in Insurance and Risk. with PGA, a multi-strategy hedge fund in Chicago.

10 For the latest programme or to register please visit: www.icbi-gaim.com. Or Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 email: [email protected] FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 10

We present the GL BALVillage Located at the heart of our luxurious brand new networking-friendly venue is the GAIM 2012 Global Village. This interactive central space enables attendees to network and hold meetings in between sessions. Moving away from rows of exhibit displays, the Global Village is a high-traffic area that promotes face-to-face business conversations in a more relaxed and enjoyable setting. Below are some of the exciting new features on offer in the GAIM Global Village:

Coffee House Charging Zone This centrally located barista bar and The GAIM With Blackberry’s and IPhones in use all comfy seating area is the perfect place to day, the charging zone is a business catch up with old friends or make new Bookable Meeting Rooms lifesaver when you don’t have time to go contacts over some proper coffee. This back to your hotel room to charge your area is a buzzing hub for business 4th Floor phone between meetings and sessions. discussions all day long and a fantastic This area is always in high demand so meeting point. This is also where the make sure you are associated with this extremely popular QuickFire Showcase useful service and chat with delegates will take place. while they top up their phone’s battery.

The Exchange Manager Hubs Speaker & Investor Zone These new Hubs are a great focal point Communicate with our illustrious speaker for your fund. It offers your fund premium faculty (including some of the top names visibility and space and enables investors in the hedge fund industry) and benefit to locate you and gather more information from privileged access to our 300 about your fund in the midsts of the investors in this private space, located in overwhelmingly busy networking area. the village but only accessible for the Imagine your hedge fund brand clearly GAIM 2012 speakers and end investors. displayed so that investors can find you, your own table and chairs to facilitate The GAIM Private Meeting Space meetings and the unique opportunity to Conference Sessions You are at GAIM, you have so many display and hand out literature about your business leads that you want to meet with fund to prospective clients. Reserve an 2nd Floor but there isn’t time to travel around exchange hub for your fund Monaco to have the meetings. Instead, book one of our luxurious meeting rooms News Room so you have some private space to The markets don’t stop during the event conduct your business meetings through so you shouldn’t have to switch off from out the GAIM week. The meeting rooms the outside world either! This area can accommodate up to 20 people and enables delegates to keep up to date with can be booked by the day of for the whole the latest developments in the papers and event. They come with refreshments, on TV as well as providing a quiet area to include a board room table and option for make calls. Benefit from branding and projector and white board. literature distribution in this much valued delegate area. The Product Showcase A 3X2m stand space in the GAIM Global Business Centre Village provide space to demonstrate your When doing business on the road a good product, distribute literature and acts as a business centre is essential and becomes meeting point for potential clients. These a very popular place! Offering Internet The GAIM Village will be strategically located around the access, printers and desk space for our village in high traffic areas. There are not busy attendees to catch up on work this many showcase areas available so make high traffic area represents a great Ground Floor sure you reserve your spot early! branding opportunity. We can offer branded office essentials (pens and paper etc) and can include your company website as the computer home page as well as high profile Would you like to branding in the area. take part? Gelateria With the Monaco summer, ice- Would you like to raise your company’s creams are always popular, so chat profile to our fantastic community by taking with delegates and distribute your literature in the special seating area part in the GAIM Global Village? Please branded with your company contact Brenda Cunningham on information. You can even give the ice [email protected] or creams themed names to represent important topics of your company. +44 (0) 207 017 7219 for more information.

Some additional ways to get involved in GAIM International: 3 Moderate a high-profile Plenary or Stream Panel, giving you the highest visibility at the event. 3 Sponsor a Drinks Reception or Networking lunch and enjoy an intimate environment to interact with potential clients. 3 Enjoy constant visibility both in the run up to the conference and at the event itself by branding on both the pre-conference brochure and throughout the conference itself.

For the latest programme or to register please visit: www.icbi-gaim.com. Or Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 email: [email protected] 11 FKN2333 GAIM 2012_brochure 27/03/2012 14:20 Page 11

To promote your company at this prestigious event please contact Brenda Cunningham ABOUT YOUR SPONSORS +44 (0) 20 7017 7219 / [email protected]

Co-sponsor Fund Catalyst is a web-based platform − Financing, Risk Management and Reporting where hedge fund managers and Innovative, risk-based cross margining and portfolio margining across investors connect, collaborate, instruments and asset classes. Tailored financing and reporting options. communicate and do business in a − Comprehensive UCITS III Solution secure, regulatory-compliant environment. The Fund Catalyst workflow solution was Comprehensive, open architecture approach to servicing UCITS compliant conceived, designed and developed by Incisive Alliance Ltd, an innovative new hedge fund strategies, offering full flexibility to tailor products to meet specific technology provider. Founded by a team of experienced finance and investment requirements. SEI's Investment Manager Services division provides comprehensive professionals and supported by a creative and dedicated development staff, Incisive operational outsourcing solutions to global investment managers focused Alliance aims to revolutionize the hedge fund investment process for both hedge fund on mutual funds, hedge and private equity funds, exchange traded funds, managers and their investors. By bringing together each side of the investment collective trusts, and separately managed, as well as institutional and relationship, and creating a collaborative and efficient process in a secure private client, accounts. Our back- and middle-office services enable clients environment, Fund Catalyst allows fund managers and investors to benefit and profit. Nomura is a leading financial services group and the preeminent Asian-based to meet the demands of the marketplace and sharpen business strategies investment bank with worldwide reach. Nomura provides a broad range of by focusing on their core competencies. innovative solutions tailored to the specific requirements of individual, institutional, Government Of Gibraltar corporate and government clients through an international network in over 30 With a proven ability to deliver leading-edge technologies and processes, Gibraltar is a European parliamentary democracy countries. Based in Tokyo and with regional headquarters in Hong Kong, London, within the European Union, giving it passporting SEI helps managers keep up with the changing regulatory landscape, the and New York, Nomura employs approximately 27,000 staff worldwide. Nomura’s rights throughout the EU in all financial services unique understanding of Asia enables the company to make a difference for growing demand for transparency and the changing needs of their matters including banking, investment services, clients through three business divisions: retail, asset management, and wholesale businesses – all in a cost-effective, resource-efficient, and scalable insurance, insurance mediation and reinsurance. (global markets and investment banking). Nomura’s subsidiaries in the US manner. As of December 31, 2011, through its subsidiaries and GOVERNMENT OF GIBRALTAR Gibraltar-licensed financial services firms therefore include Nomura Securities International, Inc. (a member of SIPC) and Nomura partnerships in which the company has a significant interest, SEI EU Financial Centre have access to a market of over 500 million people. Corporate Research and Asset Management Inc. For Further information about manages or administers $404 billion in mutual fund and pooled or As such, Gibraltar is an excellent platform for the Nomura, please visit www.nomura.com. separately managed assets, including $172 billion in assets under establishment of investment management and alternative investment management operations; as well as being a jurisdiction of choice in respect of funds. management and $232 billion in client assets under administration. PwC firms provide industry-focused assurance, tax and advisory services to enhance value for their clients. More The division has been recently recognized by the Money Management than 161,000 people in 154 countries in firms across the Institute as “Service Provider of the Year,” by Buy-Side Technology as “Best LUMA is an independent managed account platform with 20 Managers on-boarded, PwC network share their thinking, experience and Fund Administrator” and by HFMWeek as “Best Single Manager Hedge solutions to develop fresh perspectives and provide Fund Administrator (Over $30B AUA—US),” and “Best Funds of Hedge covering hedge fund and long only strategies, with assets in excess of US$1.95 billion. practical advice. See www.pwc.com for more information. Funds Administrator (Over $30B AUA—Europe).” For more information, visit LUMA provides standardized access to hedge fund managers through either full www.seic.com/ims. service managed accounts or through the LUMA Direct Access program. The PwC network has dedicated and substantial resources to serve the hedge funds, private equity, infrastructure and real estate sectors. PwC teams share Ireland Managed account services may include (i) review of daily position reconciliation, United Kingdom (ii) daily estimated and periodic finalized NAVs with independent pricing, (iii) risk business ideas and cross-border developments to help their clients address SEI SEI monitoring and reporting through a web based secure portal, (iv) negotiation and the challenges and realise the opportunities in the alternatives industry. Styne House 4th Floor, The Time & Life Building monitoring of financing agreements, and/or (v) management of service provider Services include: Upper Hatch Street 1 Bruton Street relationships. The LUMA Direct Access program provides the investor the ability to • establishing operations – locally and globally; Dublin 2 London W1J 6TL invest into a range of existing hedge funds through a single vehicle, together with • corporate and fund tax planning and structuring; Phone: + 353 1 638 2400 Phone: + 44 (0)20 7297 6323 access to periodic risk reporting through a web based secured portal. For some • audit, governance and risk management; • managing regulatory compliance; Contact: David Morrissey, Director Contact: Dan Petrovic, Director managers on the LUMA platform, fund distribution may be available through various third-party entities. Not all the services offered by LUMA, as described • controls over investment management and securities operations; Email: [email protected] Email: [email protected] • remuneration planning; Web: www.seic.com/enUK Web: www.seic.com/enUK above, may be performed for a particular hedge fund manager. Contact: Arnaud Massenet (Chief Executive Officer) • acquisitions and disposals of management companies; and Tel: +44 20 7494 5100, Email: [email protected] • fund listings and management company IPOs. Associate sponsors Contact: Olwyn Alexander, Partner Hedge Fund Leader - Europe, Middle East & Africa Martin Currie is a specialist investment PwC (Ireland) management business. From our headquarters in Tel: +353 1 792 8719, Email: [email protected] Edinburgh, we manage £5.5 billion (US$8.6 billion) in Website: pwc.com/hedgefunds At Aberdeen, asset management is our business. We operate independently active equity portfolios for a global client base of and only manage assets for third parties, allowing us to focus solely on their financial institutions, charities, foundations, endowments, pension funds, family needs, without conflicts of interest. We now manage £173.90 billion* of third offices, government agencies and investment funds. In 2000 we launched our first RBC Dexia Investor Services offers a party assets from our offices around the world. Our clients access our equity long/short fund to extract the maximum leverage from our active equity complete range of investor services to investment expertise across equities, fixed income, property and alternative skills. These funds are an integral part of Martin Currie’s business. We are active institutions worldwide. Our unique offshore and investments. Aberdeen’s alternative investment strategies asset class now equity specialists, and all of our products are characterised by their focus on stock onshore solutions, combined with the expertise encompasses a broad range of capabilities including a fund of hedge funds selection to drive returns. They give us the greatest degree of latitude to back both of our 5,500 professionals in 15 markets, help clients grow their business and business with £3.6bn* of assets. positive and negative convictions, and thereby maximise our ability to generate sustain enhanced performance through efficiency improvements and robust risk alpha. Our funds include regional equity funds investing in Europe and Japan, plus management practices. The company ranks among the world's top 10 global Aberdeen's fund of hedge funds team has solid experience in the industry, having been a sector specialist fund investing globally in resources. custodians, with USD 2.7 trillion in client assets under administration. established in 1998 and operating through the LTCM (1998) and 2008 crises. The funds of hedge funds include two billion dollar-plus funds with track records of over ten years, www.martincurrie.com while several of our other funds have won a number of awards for their performance. RBC Dexia has a strong focus on alternative investments, with assets under Key contacts: Alastair Barrie, Director, global head of hedge fund sales administration exceeding USD 139 billion. Our capabilities support a diverse * as at end December 2011 +44 (0)20 7907 1673, [email protected] range of complex investment products, including hedge funds, funds of hedge funds, private equity and real estate investment funds. Our single global Mike Gibb, Director, hedge fund sales –Europe and Asia operating model can help to deliver flexible and highly efficient end-to-end client +44 (0) 131 479 4640, [email protected] solutions. Our extensive alternative investments product suite, advanced technology solutions, and commitment to client service excellence enable us to CFE currently offers futures on eight different contracts, including: the CBOE develop effective long-term partnerships with our clients. Volatility Index (VIX), Weekly options on VIX futures (VOW), CBOE mini-VIX rbcdexia.com (VM), CBOE Gold ETF Volatility Index (GVZ), CBOE S&P 500 3-Month Variance Morgan Stanley is a leading global financial services firm providing a wide (VT), CBOE Emerging Markets ETF Volatility Index (VXEM), CBOE Brazil ETF range of investment banking, securities, investment management and wealth Volatility Index (VXEW) and Radar Logic 25-Metropolitan Statistical Area (MSA) management services. The Firm's employees serve clients worldwide including UBS Global Asset Management, a business RPX Composite Index (RPXCP). CFE, a wholly-owned subsidiary of CBOE corporations, governments, institutions and individuals from more than 1,300 division of UBS, is a large scale asset manager Holdings, Inc. (NASDAQ: CBOE), offers an all-electronic, open-access market offices in 43 countries. For further information about Morgan Stanley, please visit with well diversified businesses across regions, model, with traders providing liquidity and making markets. CFE is regulated by www.morganstanley.com. capabilities and distribution channels. We offer the Commodity Futures Trading Commission (CFTC) and all trades are cleared FX Gateway is a platform that aims to provide institutional investors with efficient investment capabilities and investment styles across all major traditional and by the OCC. More information on CFE and its products, including contract alternative asset classes. These include equity, fixed income, currency, hedge specifications, can be found at: http://cfe.cboe.com/. access to alpha strategies from a select group of currency managers, via a multi- manager structure that provides transparency and liquidity. fund, real estate, infrastructure and private equity investment capabilities that Together with Morgan Stanley, as the distributor of FX Gateway platform products, can also be combined in multi-asset strategies. Invested assets totalled some CHF 574 billion at 31 December 2011. The firm is a leading fund house in European Fund Administration S.A. (EFA) is an and Mercer Investment Consulting, as the program advisor and fiduciary to the platform, FX Gateway gives institutional investors the opportunity to access Europe, the largest mutual fund manager in Switzerland* and one of the largest independent company servicing investment funds, fund of hedge funds and real estate investment managers in the world. We have unit-linked insurance products, private equity managers with established currency investment expertise. For further information please contact: Claudia Quintela around 3,800 employees located in 26 countries. Our main offices are in funds, real estate funds, hedge funds and funds of London, Chicago, Frankfurt, Hartford, Hong Kong, New York, Paris, Singapore, hedge funds. E: [email protected] E: [email protected] T:+44 207 6774071 Sydney, Tokyo and Zurich. With 220 clients, representing 2,543 funds worth over €85 billion, and working in collaboration with 96 custodians and 8 prime brokers, EFA is the leading provider UBS Exchange Traded Funds (UBS ETFs) have a long-term track record of Newedge providing index-based investment solutions to clients. Ten years ago, on 13 of administration services to third parties in Luxembourg, the largest centre for With 20+ locations across 16 countries and access to more pan-European and global distribution of investment funds. November 2001, UBS launched its first exchange traded funds, known as ETFs. than 85 exchanges, Newedge offers a full range of It was the beginning of a success story and today UBS is one of the biggest and execution and clearing services. Independently managed fastest growing ETF providers in Europe. In 2011, assets invested in UBS ETFs Its range of services includes: Net Asset Value calculation, bookkeeping and and regulated, Newedge is supported by two top-tier rated portfolio valuation, transfer agent and registrar services, fiscal services, rose by more than 75%**. As at 31 December 2011 UBS ETFs have CHF 9.9 shareholders, Société Générale and Crédit Agricole CIB. billion invested with net new money of CHF 4.9 billion in 2011. Overall, UBS compliance and risk management, performance measurement and attribution, − Prime Brokerage domiciliation and reporting solutions. ETFs replicate more than 50 market indices. A significant expansion of UBS ETFs Global prime brokerage service across equities, fixed income, FX and offering is planned, covering additional equity, commodity and fixed income ETFs. commodities, cash and derivatives. Flexible, open architecture approach Its clients are investors, fund promoters, management companies, custodians, UBS ETFs are listed on SIX Swiss Exchange, Deutsche Börse, Börse Stuttgart, offering a single interface, allowing maximum efficiency while minimising market Nasdaq OMX, Borsa Italiana and Euronext Paris. insurance companies, pension funds, corporations, private bank, wealth risk and conflicts of interest. managers and family offices. − Capital Introduction For more information on UBS ETFs, please visit: www.ubs.com/etf Knowledge and depth of experience facilitates introductions of hedge fund EFA is present in Luxembourg and in Paris (via EFA France). More information is managers to closely suited sophisticated investors such as pension funds, *Source: Lipper/Swiss Fund Data Swiss Promoters report; **Blackrock ETF Landscape (as of 31 December 2011). available at www.efa.eu. global investors and family offices from around the world.

For the latest programme or to register please visit: www.icbi-gaim.com. Or Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 email: [email protected] 13 GAIM REGPAGE_Layout 1 27/03/2012 14:27 Page 1

Register Now – Five Easy Ways! “GAIM is the must-attend event of the European 1. Fax this form on +44 (0) 20 7017 7807 2. Post this form to: Gaim International 2012, hedge fund calendar. With speed networking Scan with events and quick- fire fund showcases, the ‘face- ICBI, 8th Floor, 29 Bressenden Place London SW1E 5DR, UK 3. Telephone us on +44 (0) 20 7017 7200 smartphone QR Reader time’ opportunities it provides are invaluable.” 4. Email: [email protected] 5. Via the website: www.icbi-gaim.com App Max Hilton, Senior Consultant, Always quote your VIP CODE when registering. PEREGRINE COMMUNICATIONS Please do not cover VIP code Conference Code: FKN2333 DATES VENUE DETAILS

Investor Summit: Le Meridien Beach Plaza Monday 18th June 2012 22 Avenue Princesse Grace, MC 98000 Monaco Cedex. Main Conference: Tel: +377 9330 9880, Tuesday 19th – Web: http://www.lemeridien.com/ Wednesday 20th June 2012 Download hotel booking form on www.icbi-gaim.com www.www.icbi-gaim.com

1st Delegate: 2nd Delegate: Name Name Job title Department Job title Department Direct Tel Mobile Tel Direct Tel Mobile Tel Email Address Direct Fax Email Address Direct Fax I would like to receive information on future events & services via email. By giving you my email address I am giving ONLY IIR companies the permission to contact me by email. I would like to receive information on future events & services via email. By giving you my email ad- q Yes! I would like to receive info on future events & services via fax dress I am giving ONLY IIR companies the permission to contact me by email. Signature q Yes! I would like to receive info on future events & services via fax Hd of Dept: Name Signature Job title Department Direct Tel Mobile Tel 3rd Delegate: Email Address Direct Fax Name £200 DISCOUNT Booking Contact: Name Job title Department Job title Department Direct Tel Mobile Tel Direct Tel Mobile Tel Email Address Direct Fax Email Address Direct Fax Person who will attend if I have to cancel: I would like to receive information on future events & services via email. By giving you my email ad- Name dress I am giving ONLY IIR companies the permission to contact me by email. Job title Department q Yes! I would like to receive info on future events & services via fax Direct Tel Mobile Tel Email Address Direct Fax Signature YOUR COMPANY DETAILS Company Name: Nature of Company’s business: Address: Postcode:

REGISTER BY REGISTER BY REGISTER AFTER Please Select Your Package DATES 20 APRIL 2012 SAVE 18 MAY 2012 SAVE 18 MAY 2012

? 3 Day Package: Main Conference + Investor Summit £2999 (+ 19.6% VAT = £3099 (+ 19.6% VAT = £3199 (+ 19.6% VAT = 18-20 June 2012 £3586.80) £200 £3706.40) £100 £3826.00) £2499 (+ 19.6% VAT = £2599 (+ 19.6% VAT = £2699 (+ 19.6% VAT = ? 2 Day Package: Main Conference only 19-20 June 2012 £100 £2988.80) £200 £3108.40) £3228.00)

The VAT rate is subject to change and may differ from the advertised rate. The amount you are charged will be determined when your invoice is raised. MULTI-BOOKING DISCOUNT: If you register more than 2 delegates, the 3rd and each subsequently registered delegates will receive £200 off the fee. END INVESTORS ATTEND FOR FREE: Pension plans (or Plan Sponsors), Endowments, Foundations & Sovereign Wealth Funds. Subject to qualification. Maximum 2 free passes per company group. To apply please contact Lizzie Gozzard, [email protected]. Please include your name, job title and company, and also a web address.

All discounts can only be applied at the time of registration and discounts cannot be combined (apart from Early Booking discounts that apply to everyone). All discounts are subject to approval. Please note the confer- ence fee does not include travel or hotel accommodation costs. We are happy to accept a replacement delegate for the whole event, however delegate passes cannot be split or shared between delegates under any circumstances. Conference code FKN2333

PAYMENT DETAILS

Please use this form as our request for payment. Fax and phone bookings should be made with a credit card number, or followed up To make payment by credit card: by a posted registration form. Places are only guaranteed by full payment, which must be received before the conference. To ensure we provide the highest level of security for your credit card details we are unable to accept such payments via email or fax which ensures that these details are never stored on our network. To make pay- I will pay by: ment by credit card on-line, please enter your credit card details in our secure payments website that you o Cheque/bankers draft made payable to ICBI for £...... will use when making your booking via the event website (the event web address is near the top of the o Invoice to be sent to my company o Bank transfer - full details of bank transfer options will be given with your invoice on registration. booking form). Alternatively call our customer service team on +44 (0) 20 7017 7200.

TERMS AND CONDITIONS: Attendance at this conference is subject to the ICBI Delegate Terms and Conditions at https://icbi-events.com/assets/files/Terms-and-Conditions.pdf. Your attention is drawn in particular to clauses 6, 8 and 14 of the ICBI Delegate Terms and Conditions which have been set out. . Cancellation Policy: : If you cancel in accordance with this policy, you will receive a refund of your fees paid to ICBI (if any): (i) if you cancel your registration 28 days or more before the Conference, subject to an administration charge equivalent to 10% of the total amount of your fees plus VAT; or (ii) if you cancel your registration less than 28 days, but more than 14 days before the Conference, subject to an administration charge equivalent to 50% of the total amount of your fees plus VAT. ICBI regrets that the full amount of your fee remains payable in the event that your cancellation is 14 days or less before the Conference or if you fail to attend the Conference. All cancellations must be sent by email to [email protected] marked for the attention of Customer Services and must be received by ICBI. You acknowl- edge that the refund of your fees in accordance with this policy is your sole remedy in respect of any cancellation of your registration by you and all other liability is expressly excluded. Changes to the conference: ICBI may (at its sole discretion) change the format, speakers, participants, content, venue location and programme or any other aspect of the Conference at any time and for any reason, whether or not due to a Force Majeure Event, in each case without liability. Data protection: The personal information which you provide to us will be held by us on a database. You agree that ICBI may share this information with other companies in the Informa group. Occasionally your details may be made available to selected third parties who wish to communicate with you offers related to your business activities. If you do not wish to receive these offers please contact the database manager. For more information about how ICBI use the information you provide please see our privacy policy at: https://icbi-events.com/assets/files/Terms-and-Conditions.pdf. If you do not wish your details to be available to companies in the Informa Group, or selected third parties, please contact the Database Manager, Informa UK Ltd, 29 Bressenden Place, London, SW1E 5DR, UK. Tel: +44 (0)20 7017 7077, fax: +44 (0)20 7017 7828 or email [email protected]. Incorrect Mail- ing: If you are receiving multiple mailings or you would like us to change any details, or remove your name from our database, please contact the Database Manager at the above address quoting the reference number printed on the mailing label. By completing and submit- ting this registration form, you confirm that you have read and understood the ICBI Delegate Terms and Conditions and you agree to be bound by them. (Conference code: FKN2333)