Day Two: Tuesday 25 May 2010

9.00 Keynote Address: What Is The Future Of Long Short Strategies

• How have long short strategies fared over the financial crisis?
• Assessing the ability of long short strategies to deliver alpha
• Addressing concerns on the stock lending market
• How much directional bias should a manager take?

Shinya Fujiwara
President & Chief Executive Officer
Tower Investment Management

9.40 Regulatory Update: How Will International Regulatory Reform Impact The Hedge Fund Industry?

The US and Europe are planning major reforms to the regulatory framework overseeing hedge funds and their investors.

• How will these reforms better protect investors?
• Will hedge fund managers still be able to deliver high returns under increased regulations?
• What impact will reforms have on Asian based fund managers?

Thomas Deinet
Executive Director
Hedge Fund Standards Board

10.40 Panel Discussion: How Will Fund Of Funds Evolve To Meet The Needs Of Investor?

• Re-assessing manager selection post Madoff
• How have Japanese attitudes to fund of funds changed?
• What value can fund of funds managers offer?
• Ensuring fund of funds offer real diversification
• Adding value through the due diligence process
• Innovative fund of fund developments to meet new investor demands

11.25 How Can Managed Accounts Effectively Address Institutional Investor Concerns?

• Mitigating, fraud, liquidity and transparency risks
• Improving portfolio construction
• Choosing the right platform from the options available

Martin Gagnon
Co-Chief Executive Officer
Innocap

14.00 Panel Discussion: Maximising Investment Returns Through The Use Of Managed Futures

• Using managed futures in portfolio construction and risk diversification
• Sourcing alpha though managed futures
• Identifying market opportunities in commodities

14.45 Achieving Diversification Through Short Term Trading

• Understanding how short term trading works
• Assessing the performance of short term traders
• Opportunities for negative correlation and in market volatility
• Due diligence considerations

Susan Roberts
Senior Managing Director
R.G. Niederhoffer Capital Management

15.30 Networking And Afternoon Tea

16.00 Understanding The Growing Demand For Global Macro Funds

• Analysing the recent returns generated by global macro funds
• Identifying regions of growth
• Assessing the ability of global macro to continue its success as a strategy
• How does global macro correlate to Japanese equity and bond markets?

Fumihito Akiyama
Fund Manager
SPARX Asset Management

16.30 Panel Discussion: Identifying Emerging Opportunities In China

• Understanding the complexity of China’s capital markets
• Finding alpha within China’s market
• Successfully running a long short strategy in China
• Exploring the universe of shorting opportunities
• Market risks and threats in China

Andy Mantel
Founder & Managing Director
Pacific Sun Investment Management

17.15 Panel Discussion: Emerging Hedge Fund Managers And Strategies In Japan

• Forex based strategies
• Volatility trading
• Arbitrage strategies
• Quant funds

17.50 Closing Remarks From The Chair

18.00 End Of Conference