WAISC

Agenda 2004

Sunday December 5th, 2004
Time
Activity/Event
5:00 PM
Registration
Sponsors, speakers and delegates can register, receive Summit Agenda, and can inquire about activities for the evening
6:00 PM
Official Summit Opening - Cocktail Reception
Informal gathering, refreshments, and first opportunity to network
8:00 PM
Reception over
Guests are free for the evening
Day 1
Monday December 6th, 2004
Morning Sessions
Time
Topic/Activity
7:00 AM
Registration and Breakfast
Breakfast - sponsored by TD Securities
8:00 AM
Official Welcome & Opening of Summit
Tony Sanfelice
President
Canadian Hedge Watch
8:05 AM
Opening Remarks by Summit
Master of Ceremonies
Bruce Sellery
Bureau Chief
ROBTV, New York
8:15 AM
Hedge Fund Strategies Uniquely Available in Canada
Frank Mersch
Managing Partner
Front Street Capital
9:00 AM
The Global Impact
An economic, social and political report from around the world today. Where the next gains will be... Find out what opportunities exist today and beyond for hedge fund companies... How managers can become shining stars again in the coming years... The reality facing brokers & advisors... Why a global perspective is key for profitable decision-making.
Jim Rogers
International Investor, Co-founder of the Quantum Fund
Author of the international best sellers, "Adventure Capitalist" and "Investment Biker"
9:50 AM
~ Question & Answer Period ~
Jim Rogers
10:00 AM
Morning Break - Sponsored by BLOOMBERG
Refreshments, networking & opportunity to visit exhibits
10:30 AM
U.S. Regulation & Hedge Funds
Is the industry growing too fast? Is the U.S. hedge fund industry moving toward regulation?
The latest developments on the regulation environment.
SEC's proposed registration requirements for hedge fund advisors and market timing.
Marianne Smythe
Partner
Wilmer Cutler Pickering Hale and Dorr LLP.
Formerly a Senior Director with the SEC
11:15 AM
- Panel Discussion -
Canadian Regulatory Environment of Hedge Funds

Do we need more regulation of hedge funds in Canada?

Moderator: Rebecca Cowdery Borden, Ladner, Gervais LLP
Gary Ostoich
McMillan Binch LLP
Paul Heney
Aylesworth Thompson LLP
Patricia Koval
TORYS LLP
12:00 PM
Lunch - sponsored by FORTIS
DAY 1
Monday December 6th, 2004
Afternoon Sessions
Start Times
Stream A
Facilitator: James MacNeil

Stream B
Compliance Stream
Facilitator: John W. Murray
1:00 PM
Portfolio Calculations, on a Cluster,
U sing Web Services

Thomas Coleman, Ph.D
Cornell University
- Panel Discussion -
Leading Canadian Fund-of-Funds

Moderator:
Clive Morgan (York Hedge Fund Strategies)

Robert Parnell (Tremont Capital), Sergio Simone (Pescara Funds), Mark Purdy (Arrow Hedge Partners)
Building an Effective Governance Program for Hedge Funds

W. William Woods

President and CEO
Independent Review Inc.
1:30 PM
Hedge Funds from a Trader's Perspective
from the co-author of
"Hedge Funds for Canadians"


Peter Beck

President

Swift Trade Securities
1:45 PM

- Panel Discussion -
A Closer Look at Prime Brokerage
.

Moderator: Andrew Papierz (BMO Nesbitt Burns)

Daniel Dorenbush
(RBC), Greg Scarffe (Credit Suisse First Boston, New York), Kieran McCann (Barclays Capital Hedge Fund Services), Colin Bugler
(Scotia Capital Inc.)
Global Initiatives for Alternative Investments
AIMA's submission to the SEC in response to proposed registration requirements for Hedge Fund Managers

Dermot Butler

Deputy Chairman AIMA International
Chairman,
Custom House Group
2:00 PM
Asia Pacific

Avi Faliks
Managing Director
Apex Guotai Junan Greater China Fund
2:30 PM
10 Years of Hedge Fund Returns:
Lessons From History


Dr. Luis Seco,
Ph.D

Sigma Analysis & Management Inc.

- Panel Discussion -
A Report from the Front Lines

Leading Canadian Brokers & Advisors talk about the hedge fund environment, current trends and share their experiences as sellers

Moderator: Ken Stern (Custom Financial Solutions)

Panel: Darren Coleman (TD Waterhouse Private Investment Advice), Libby Wildman (Wildman & Associates), Michael Banwell
(Banwell Financial Inc.)
Assessing Operational Risk of Hedge Fund Companies

David Jarvis

AIMA Canada


3:15 PM
Afternoon Break - Sponsored by WALKERS
Refreshments, opportunity to network & visit exhibits
3:45 PM
Transparency & Control Issues
for Hedge Funds


Martin Gagnon
Director of Hedge Fund Services
National Bank of Canada

- Panel Discussion -
Structuring Hedge Funds Off-Shore

Experts will discuss how to effectively set up an offshore fund and compare various jurisdictions.

Moderator: Dermot Butler, Chairman Custom House Group & Deputy Chairman AIMA International

Panel:
Iain McMurdo (Walkers), James Keyes (Appleby Spurling Hunter), Adrian Odell (Bailhache Labesse), Max Ganado (Ganado & Associates)
Automation for Alternative Investments

Carol DeVeau

VP Business Development
FundSERV

4:30 PM
CTA's
Why Commodities Should be Included in Your
Hedge Fund Portfolio

Philip Belec
Partner
Steadfast Commodities
Alternative Investments: Target for Criminal Activity?
What sellers/manufacturers need to know to protect themselves and ensure compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Derek Ramm
FINTRAC
4:45 PM
- Panel Discussion -
Structured guaranteed note products
vs.
Non-structured Hedge Funds

Moderator: Chris Guthrie, Chief Executive Officer and Founding Partner, Hillsdale Investment Management Inc.

Panel: Stuart McKinnon (Pro-Hedge Funds Inc.), Luis Seco (Sigma Analysis & Management Inc.), Hugh Cleland (Northern Rivers Capital Management)
5:15 PM
Asian Hedge Fund Market
An Update from an Expert in the Region

Raj Mehta
Managing Director
Persistent Edge Management
E & O Insurance
An update on the issues & challenges facing the hedge fund industry both in Canada and globally.

Robert Farquharson
Managing Director
Marsh Canada

5:45 PM
End of Day 1 sessions
7:00 PM
GALA Dinner & Networking Social
Sponsored by
INVESTMENT ADMINISTRATION SOLUTION INC.
10:00 PM
Black Jack Tournament
DAY 2
Tuesday December 7th, 2004
Morning Sessions
Time
Topic/Activity
7:30 AM
Registration and Breakfast
Breakfast - sponsored by SCOTIA CAPITAL
8:30 AM
Opening Remarks by Summit
Master of Ceremonies
John W. Murray
Vice President, Regulation & Corporate Affairs
The Investment Funds Institute of Canada
8:35 AM
Political Perspective
Opportunities and risks in the global hedge fund market

Ian Bremmer Ph.D
President and Founder

Eurasia Group
9:10 AM
Financial Perspective
Global economic outlook and its impact on the hedge fund industry

Charles Dumas
Head of International Services
Lombard Research

9:50 AM
Making the Scene
The Canadian hedge fund industry has grown tremendously over the past few years with an explosion of new funds and a variety of different product offerings. These are the goods on fund-of-funds, single manager strategies and note products currently making their mark on the Canadian investment scene.

Peter Loach
Vice President & Managing Director, Investment Fund Research
BMO Nesbit Burns
10:30 AM
Morning Break - refreshments, networking & opportunity to visit display booth
Sponsored by MSCI
11:00 AM
- Panel Discussion -
US Hedge Fund Trends in 2005: where will the market inefficiencies lie?


Moderator: Jose Claxton, Managing Director and Head of North American Institutional Client Services, Lehman Brothers


Guy Caplan, Portfolio Manager, Argent Funds Group
Rick Meckler,
President and Chief Information Officer,
Libertyview

Bob Vrooman, Senior Vice President and Director of Marketing, Graham Capital
Arthur Williams III, President and Chief Investment Officer, Pine Grove Associates Inc.
12:00 AM
Lunch - sponsored by Cornell Theory Centre

DAY 2
Tuesday December 7th, 2004
Afternoon Sessions
Start Times
Stream A
Facilitator: James MacNeil

Stream B
Stream C
Facilitator: David C. Rudd
1:00 PM
"Judging Fund Managers
By the Company They Keep"
from the Journal of Finance

Randolph Cohen, Ph.D

Harvard Business School

Institutions & Hedge Funds
A discussion about the role of hedge funds in pension fund management and how implementing a hedge fund program can boost returns of institutional portfolios

Wendy Brodkin
President

Goodman Institutional Investments Inc.
Hedge Fund Valuations: Art or Science?
An examination into the key issues and responsibilities of hedge fund valuations

Anthony Cowell
Senior Manager, Alternative Investments Practice

KPMG Cayman Islands
1:45 PM
Performance & Statistics
5 Simple Rules For Analyzing Hedge Funds
from the co-author of
"Hedge Funds for Canadians"


Miklos Nagy
President and CEO

Quadrexx Asset Management
A Closer Look at Hedge Fund Indices

Bob Fuhrman

Executive Director
Morgan Stanley Capital International



- Panel Discussion -
European Hedge Fund Market

Current developments and emerging issues from a fast growing market including a discussion of which countries will be leading the growth

Moderator: Robert Milroy,
Director, Dawnay Day Milroy Ltd.

Stephen Foster (Credit Suisse First Boston), Jerome Lussan (Rhicon Currency Management (UK) Ltd.), Louis Gargour (RAB Capital Ltd.)
2:30 PM

Why Bullion?
The Benefits of Holding Bullion in Your Portfolio

Nick Barisheff

Founder and President
Bullion Management Services Inc.

Risk Management

Ben Chesir
First Vice President, Risk Management North America - Global Futures

ABN AMRO Inc.
- Panel Debate -
Single Manager Strategy
vs.
Fund of Funds

Moderator: Clive Morgan, CEO, York Hedge Fund Strategies

Henry Kneis (Abria Financial), Christopher Holt (J.C. Clark), Randy Cass (Orchard Asset Management), Noah Blackstein (Dynamic Funds)
3:15 PM


Hedge Funds: Where Do We Go From Here?
Emerging strategies and their impact on portfolios of hedge funds

Tristam Lett
Senior Vice President

Norshield Financial Group


3:45 PM
Day 2 sessions complete - SUMMIT over