Conference Agenda, Thursday, 24 May 2012

09:00 Opening Remarks from the Chairman

09:10 REGULATORY KEYNOTE: Evolving Regulatory Frameworks and Impact on Japanese Financial Systems

• International developments on financial markets (e.g. Basel III) and possible impact on Japanese financial markets
• Risk management perspectives and outlook on regulatory reform
• Balancing short-term and mid to long-term objectives

Hiromi Yamaoka
Associate Director-General, Financial Systems & Bank Examination Department
Bank of Japan

09:40 INTERNATIONAL KEYNOTE: The Future of Funds of Hedge Funds: Investing in an Ever-Changing World

• Diversifying but not over-diversifying your hedge fund portfolio
• Investing in strategies you understand, not chasing returns in the hot hedge fund sector of the day
• Identifying and investing in top managers early – good hedge funds have limited life spans
• The pros and cons of investing in Japanese and Asian hedge funds
• Listening to end-investors’ needs: Customising hedge fund portfolios

George Fox
President and Co-Founder
Titan Advisors

10:10 Uncovering How Investors Allocate to Hedge Funds in Current Market Conditions

• Uncovering the reasons to allocate to hedge funds in today’s market conditions
• What are the trends in hedge fund allocation in recent years?
• How can fund managers address investors’ concerns on liquidity, transparency and fraud?
• Examining the case for emerging vs established managers
• What strategies are currently attracting investors’ attention?

Oleg Kapinos
Vice President
Product Management Japan Alternative Investment

11:25INVESTORS PANEL: Understanding the Inhibitions and Challenges of Allocating to Hedge Funds

• Discussing FoHFs vs single manager funds
• Better matching investor requirements – improving portfolio construction, liquidity matching
• Discussing shareholder activism and how it impacts investment mandates
• Key challenges to overcome for hedge funds to be more attractive to institutional investors

Moderator:

Johann Peter Santer
President
Superfund Japan

13:40FOHF PANEL: Manager Selection – Evaluating Emerging vs Established Funds and Japanese vs International Markets

• Assessing the potential of early stage hedge funds vs more established funds
• How are Japanese hedge funds different from hedge funds in US, Europe, and the rest of Asia?
• Key factors to consider in manager selection

14:25 Emerging Managers and Start-Ups: Capital Raising and Fund Growth Strategies

• What are the best ways to get onto the radar screens of seeders, incubators and providers of first capital? What type of opportunities are they looking for?
• How can emerging managers better pitch themselves to potential investors?
• Key factors in raising seed capital without a track record
• Developing strategies to fuel fund growth

Moderator:

Stefan Nilsson
CEO
HFC Advisory Group

15:40JAPANESE EMERGING MANAGERS SHOWCASE: Can You Deliver the Alpha?

Can emerging managers really deliver better returns, on average, than their more-established counterparts? How are Japan’s emerging managers ensuring they have a competitive edge?

• Defining the competitive edge: What’s in the appeal?
• Investment ideas and strategies
• The story behind alpha and beta
• Outperforming established funds during market turmoil

Review & Critique Panel: A special panel comprising investors, investment advisors and CIOs from established funds will appraise and share their thoughts on these emerging managers’ alpha-generating talent.

16:40 Chairman’s Summary & Closing Remarks

16:50 Close of the 6th Annual Hedge Fund Investments Japan Congress