| 07:30 |
Coffee
and Registration |
| 08:00 |
Chairman's
Opening Remarks |
| |
Florence
Lombard Executive Director,
AIMA London |
| 08:10 |
Keynote
Speech: Hedge Funds Industry Growth in Asia - Challenges
and Opportunities for the Hong Kong Market |
| |
George
Long Managing Director, LIM
Advisors Limited and Chairman, AIMA HK & China Chapter |
| 08:40 |
Asset
Allocation for Hedge Funds |
| |
What kind of risk and return should an investor
expect?
Including
alternatives in strategic asset allocation models
The
advantages of multi-manager portfolios
David Seex Managing Director,
Citigroup Alternative Investments |
| 09:10 |
Investment
Terms for Hedge Funds |
| |
Dealing
frequency, notice periods and redemption proceeds
Fee
structure & levels for hedge funds & fund of hedge
funds
Commercial
practices for distribution fees, rebates for intermediaries,
etc.
Joanne Murphy Head of Hedge Funds,
Bank of Bermuda (Far East) Limited |
| 09:40 |
Capital
Guarantee and Structures based on Hedge Funds |
| |
How
are these structures different from those with more traditional
underlying assets?
Is
the extra cost of guarantee justified for hedge fund investing?
The
basic mechanisms explained with discussion on the limitations
Henry Pang Managing Director &
Head of Institutional Equity Derivatives Sales - Asia, BNP
Paribas HK Branch |
| 10:10 |
Coffee
/ Tea Break |
| 10:30 |
Risks
Involved in Hedge Fund Investments |
| |
Where
is hedge fund risk different?
Where
do hedge funds go wrong?
What
can investors do to mitigate risk?
Sam Stubbs Executive Director,
Goldman Sachs Asia |
| 11:00 |
Risks
Involved in Hedge Fund Investments - Perspective of a Regulator |
| |
Manager
risks - key personnel, organization, governance issues
Operational
risks - performance fees, ring-fencing, restrictions on
redemption, use of third party service providers
Transparency
- Prospectus and reporting requirements
Sandra Mak Associate Director
of Investment Products, Securities & Futures Commission
|
| 11:30 |
Current
Legal Environment for Marketing of Hedge Funds in Hong Kong |
| |
Authorized
Hedge Funds
Unauthorized
Hedge Funds
Private
Placement & Professional Investors Exemption
James Walker Partner, Clifford
Chance |
| 12:00 |
Current
Tax Environment for Hedge Funds in Hong Kong |
| |
Tax
concerns for offshore funds
Tax
concerns for fund managers
Michael Olesnicky Partner, Baker
& McKenzie
Stephen Bruce Manager, PricewaterhouseCoopers
|
| 12:40 |
Lunch |
| |
| Hedge
Fund Strategies |
| |
|
| 13:40 |
Overview
of Hedge Fund Strategies |
| |
Explanation
of the state of the art in hedge fund strategies
What
affect the profitability of such strategies, their risks
and outlook?
What
strategies to employ or avoid in the current markets?
Julius Wang Senior
Vice President, Search Investment Group Limited |
| 14:00 |
Asian
Long/Short Equity |
| |
Henry
Lee Managing Director, Hendale Asset
Management Limited |
| 14:20 |
CB
Arbitrage |
| |
Greg
Baker Director, LIM Advisors Limited |
| 14:40 |
Mortgage-Backed
Securities and Fixed Income Arbitrage |
| |
Kent
Moser Vice President, Alliance Capital
Management and Director, Alliance Hedge Fund Investments |
| 15:00 |
Coffee
/ Tea Break |
| 15:20 |
Asian
Distressed Debt |
| |
Kin
chan Fund Manager, Value Partners |
| 15:40 |
Next
Generation Strategies for Absolute Return Investing |
| |
New sources of return
Emerging
ideas and strategies
Innovative
portfolio technologies
Qui Vuong Chairman, The National
Association of Investment Fiduciaries (NAIF), USA |
| 16:00 |
Due
Diligence on Single Strategy Funds |
| |
Assessment of management team, process and investment
terms of a hedge fund
Detecting
inconsistencies: interviews, site visits and monitoring
Review
of legal documentation and third party service providers
Raymond Wong Managing Director,
Cheetah Investment Management Limited |
| 16:30 |
Fund
of Hedge Funds |
| |
Benefits of taking a Fund of Hedge Funds approach
Risk
and return profile of a FoHF
Investment
process of a FoHF
Derek Sicklen Vice President,
JF Asset Management Limited |
| 17:00 |
Chairman's
Closing Remarks |
| |
|
| 17:10 |
End
of Conference |
| |
|
