Day One: Monday 24 May 2010

9.00 Opening Remarks From The Chair

Shinchiro Shiraki
Chairman & Chief Investment Officer
Monex Alternative Investments Inc

9.10 International Keynote Address: Assessing The Global Outlook For The Hedge Fund Industry

As Japanese investors look to increase their exposure to global macro funds, this session will look into the most up to date macro data and how this will impact the hedge fund industry

• How has the global financial crisis changed the world economic order?
• What growth prospects will we see when the global economy recovers?
• What are the risks of a second downturn?
• Do these conditions create opportunities for macro managers?
• How do the consensus vs.. the contrarian trade in the macro universe shape up?

John Rowsell
Managing Director
Man Investments

9.40 Keynote Address: New Growth Frontiers For Japan

• Structural Change - Replication of Japan’s Socio-Economic Development Model in Asia
• Emerging growth drivers for Japan
• Identifying new investment opportunities

Shuhei Abe
Chief Executive Officer & President
SPARX Group

10.10 International Investor Panel Discussion: How Do International Investors View Japanese Hedge Funds?

Japan is the world’s second largest economy offering good liquidity and strong governance. Why then are international investors reluctant to increase their exposure to Japan? This session will bring together investors that are currently making investment decisions on how much exposure they want to from the Japanese market

• Why are global and Asian portfolios underweight Japan?
• How do macro funds view Japan
• What Alpha opportunities does Japan offer?
• What is the future for Japan?

11.25 Japanese Investor Panel Discussion: What Are Japanese Investors Seeking To Achieve Through Hedge Fund Investments?

• The continuing search for portable alpha
• Using alternatives for portfolio diversification
• Gaining exposure to international markets
• Managing risk through hedge funds
• Is beta a key consideration?

12.10 Meeting The Needs Of The Growing Retail Market For Alternatives In Japan

• Understanding the psyche of the Japanese retail investor
• What risk / return profiles do they have?
• How to structure your hedge fund product for retail investors
• Developing and marketing products to meet retail demand
• Assessing investor demand for wrapped products

Shinchiro Shiraki
Chairman & Chief Investment Officer
Monex Alternative Investments Inc

14.10 Panel Discussion: Effectively Managing Liquidity Risk In Alternative Investments

• Negotiating favourable terms from the onset
• Understanding fund exposure
• Assessing underlying asset risk
• Weighing the costs and benefits of early redemptions

14.40 Optimising Risk In Portfolio Management

• What lessons can we learn from the last two years?
• Setting the right risk and return targets
• Developing effective risk systems
• Are hedge funds becoming too risk averse?

Miodrag Janusevic
Chief Risk Officer
SAIL Advisors

15.10 Networking And Afternoon Tea

15.40 Panel Discussion: Transparency In Hedge Fund Investments – What Level Of Transparency Is Necessary As Well Reasonable?

• Too much or too little information – finding the right balance for both investor and fund manager
• How can investors use transparency information?
• The role of transparency in the due diligence process

16.25 Panel Discussion: Conducting An Effective Due Diligence On Managers To Protect Your Investments

• Sourcing alpha through due diligence
• Working with the right third parties
• Identifying funds with operational concerns
• Filtering out funds at risk of poor performance

17.10 Closing Remarks From The Chair

17.20 End Of Conference Day One