WAISC

Speakers 2004

Keynote Speakers
² Jim Rogers Wall Street Legend, Co-Founder of the Quantum Fund and the man Time magazine calls the Indiana Jones of Finance
² Marianne Smythe Partner, Wilmer Cutler Pickering Hale & Dorr LLP - Washington DC
² Frank Mersch Managing Partner, Front Street Capital
² Ian Bremmer President and Founder, Eurasia Group

Master of Ceremonies

² Bruce Sellery Bureau Chief, ROBTV New York
² James MacNeil Facilitator and Management Consultant
² John W. Murray Vice-President, Regulation & Corporate Affairs, The Investment Funds Institute of Canada
² David C. Rudd Chairman, Sigma Analysis

 

Speakers
² Michael Banwell Partner, Banwell Financial Inc.
² Nick Barisheff Founder and President, Bullion Management Services Inc.
² Peter Beck Chairman, Swift Trade
² Philip Belec Partner, Steadfast Commodities
² Wendy Brodkin President, Goodman Institutional Investments Inc.
² Colin Bugler Managing Director, Head of Equity Finance, Scotia Capital Inc.
² Dermot S. L. Butler Deputy Chairman, AIMA International | Chairman, Custom House Group
² Guy Caplan Portfolio Manager, Argent Funds Group LLC
² Randy Cass President and Chief Executive Officer, Orchard Asset Management Inc.
² Ben Chesir First Vice President and Head of Futures Risk Management for North America, ABN AMRO Incorporated
² Jose Claxton Managing Director and Head of North American Institutional Client Services, Lehman Brothers Alternative Investment Management
² Hugh Cleland Co-Founder, Northern Rivers Capital Management Inc.
² Randolph B. Cohen Professor, Harvard Business School
² Darren Coleman Investment Advisor, TD Waterhouse Private Investment Advice
² Thomas F. Coleman Professor, Computer Science and Applied Mathematics, Cornell University | Director, Cornell Theory Center
² Rebecca A. Cowdery Counsel, Borden, Ladner, Gervais LLP
² Anthony Cowell Senior Manager, Alternative Investment Practice, KPMG Cayman Islands
² Paul Dempsey Associate, Gowling Lafleur Henderson LLP
² Carol De Veau Vice President, Business Development, FundSERV Inc.
² Daniel Dorenbush Director of Hedge Funds Services, Royal Bank of Canada
² Charles Dumas Head of International Services, Lombard Street Research
² Avi Faliks Managing Director, Apex Guotai Junan Greater China Fund
² Robert Farquharson Director, Marsh Canada
² Stephen Foster Director of Hedge Funds Services, Credit Suisse First Boston
² Bob Fuhrman Executive Director, Morgan Stanley Capital International
² Martin Gagnon Managing Director of Alternative Investments, National Bank of Canada
² Max Ganado Founder and Chief Executive Officer, Ganada & Associates
² Louis Gargour Senior Fund Manager, RAB Capital Ltd.
² A. Christopher Guthrie Chief Executive Officer and Founding Partner, Hillsdale Investment Management Inc.
² Paul Heney Aylesworth Thompson LLP
² Christopher Holt Director of Investor Relations and Business Development , J.C. Clark Ltd.
² Norman D. Inkster President, Inkster Group
² David Jarvis Partner, Blair Franklin
² James M. Keyes Partner, Appleby Spurling Hunter
² Henry Kneis Founder, Chief Executive Officer and Chief Investment Officer, Abria
² Patricia Koval Partner, Torys LLP
² Tristam Lett Senior Vice President, Norshield Financial Group
² Peter L. Loach Vice President and Managing Director, Investment Fund Research, BMO Nesbitt Burns
² Jerome Lussan Business Manager, Rhicon Currency Management (UK) Ltd.
² Kieran McCann Director, Prime Brokerage Sales, Barclays Capital Hedge Fund Services
² Stuart McKinnon President and Chief Executive Officer, Pro-Hedge Funds Inc.
² Iain McMurdo Partner, Walkers
² Raj Mehta Founder and Managing Director, Persistent Edge Management
² Rick Meckler President and Chief Investment Officer, Libertyview
² Robert Milroy Joint Managing Director, Dawnay Day Milroy
² Clive Morgan Founder and Chief Executive Officer, York Hedge Fund Strategies
² Miklos Nagy President, Co-founder and Chief Executive Officer of Quadrexx Asset Management Inc.
² Adrian Odell Head of Funds, Bailhache Labesse Law Firm
² Gary Ostoich Partner, McMillan Binch LLP
² Andrew Papierz Executive Managing Director, BMO Nesbitt Burns
² Robert Parnell President and Chief Executive Officer, Tremont Capital Management Corp.
² Mark Purdy Managing Director, Arrow Hedge Partners Inc.
² Derek Ramm Regional Officer, Financial Transactions and Report Analysis Centre of Canada (FINTRAC)
² Tony Sanfelice President and Chief Executive Officer, Canadian Hedge Watch Inc.
² Greg Scarffe Director Hedge Fund Services, Credit Suisse First Boston, New York
² Luis Seco Professor of Mathematics and Finance, University of Toronto | President and Chief Executive Officer, Sigma Analysis
² Sergio Simone Founder and Chief Executive Officer, Pescara
² Ken Stern President, Capital Ideas Inc.
² Robert P. Vrooman Senior Vice President and Director of Marketing, Graham Capital Management, L.P.
² Libby Wildman President, Wildman & Associates Wealth Management Inc.
² Arthur Williams III President and Chief Investment Officer, Pine Grove Associates, Inc.
² W. William Woods President and Chief Executive Officer, Independent Review Inc..
Michael Banwell
Michael Banwell is a partner of Banwell Financial Inc., an independent investment dealer located in Toronto. Banwell Financial and their associates have been actively involved in recommending alternative investments for several years, as an added level of diversification for client portfolios. Michael is a graduate of the University of Toronto, and is a Certified Financial Planner with over ten years of experience in the financial services industry. The Banwell team offers a wide range of services to what has been described as an eclectic client base including the administration of pension plans right across Canada.
Michael was a featured panelist at The Investment Funds Institute of Canada (IFIC) Hedge Fund Forum (November, 2002) and the IFIC and Canadian Hedge Watch sponsored conference on ‘Hedge Funds for High Net Worth Investors’ (November 2003).
Nick Barisheff
Nick Barisheff is the founder and President of Bullion Management Services Inc., the trustee and manager of The Millennium Bullionfund™.  The Millennium BullionFund™, Canada’s first and only RRSP-eligible, open-end bullion fund, has a fixed investment policy, of purchasing equal dollar amounts of gold, silver and platinum bullion. The bullion is stored on a fully allocated, segregated and insured basis with a major chartered bank.
Nick Barisheff has been actively involved in the finance and investment business for over 25 years.  During the 1970s at the Investment Division of A.E. LePage, he was instrumental in the conception and implementation of a new dual licensing status – securities and real estate – for members of the division.  As underwriting/listing manager of the only national division, he pioneered the syndication of real estate and was responsible for residential and commercial investment projects nationwide.  Subsequently, his consulting activities involved the development of an investment vehicle that allowed RRSP funds to be used for purchasing raw land, the arrangement of venture capital financing for a number of resort hotels in Canada and the US, a chain of franchised medical clinics, and a software development company.
Peter Beck
A true entrepreneur, Peter Beck started his colorful career as a chef in Hungary. He emmigrated to Canada in 1979 where he started a number of successful businesses, Including the country's first long distance company in 1988, competing against Bell Canada who at that time enjoyed a monopoly on the Canadian market. When he sold the company in 1993, there were offices coast to coast making it one of the leaders in the industry.

In 1997 Peter read an article about a US Day Trading firm and decided to bring the concept to Canada. Swift Trade remains Canada's Premier Direct Access Electronic Trading Centre with 10 offices coast to coast.
Peter's decisive management at the helm fueled the organization's rapid expansion, and has maintained the firm's growth and success over the tumultuous market conditions of the past few years. By focusing the energies of the organization and applying his wealth of experience, Peter is poised to take Swift Trade to even greater heights.
Philip Belec
Philip Belec attended Lower Canada College in Montreal, Quebec and the University of Western Ontario in London, Ontario and began his career working for one of Canada’s largest insurance company’s. Philip is the creator of The Family Architect Process™ that provides clarity for his clients to enhance their Business value, achieve their Goals and build a Legacy based on their family values.
He has worked with some of Canada’s most successful private firms and powerful families to develop clear strategies and action plans to achieve the families “clarity vision”. The skills he uses to achieve his clients’ goals have been developed over 15 years in his work providing insurance, tax and capital finance planning.
Mr. Belec is currently a Partner and Vice President of Operations & Business Development for Steadfast Commodities Inc., an investment company providing managed futures commodity trading advisory (CTA) services to institutional and individual clients. Steadfast’s investment objective is to maximize returns by buying and selling short term commodity futures contracts primarily in the global currency and short term interest rate markets. Steadfast’s clients benefit from investment strategies that are not correlated to traditional markets thereby increasing portfolio diversification while reducing risk.
Ian Bremmer
A dedicated intellectual entrepreneur, Ian Bremmer has embarked upon a career spanning academic, investment, and policymaking communities. His focus has been the 40+ states of Eurasia and, more broadly, global emerging markets-for Bremmer, those countries where political will matters at least as much to the market as economic fundamentals. Bremmer's work to define the business of politics has accordingly focused on making political science relevant to global decisionmaking.

Ian Bremmer received his PhD in political science from Stanford University in 1994, where he specialized in nation- and state-building in the former Soviet Union.
Bremmer went on to the faculty of the Hoover Institution where, at 25, he became the Institution's youngest ever National Fellow. He then held positions at the EastWest Institute, the Harriman Institute, Lawrence Livermore National Laboratory and the World Policy Institute, where he presently serves as Senior Fellow and Director of Eurasia Studies.
Bremmer's research focuses on the Eurasian states in transition, global emerging market risk, and US foreign policy. His three books include Nations and Politics in the Soviet Successor States (Cambridge University Press, 1993), which became the standard college text on the post-Soviet states. Bremmer has also published over 60 articles and essays in International Affairs, The National Interest, World Policy Journal, Journal of Democracy, The New Republic, The Los Angeles Times, The Wall Street Journal, The International Herald Tribune, and The New York Times. He is a columnist for The Financial Times, as well as a political commentator on CNN, FoxNews and CBC Newsworld. Bremmer's "Global Risk this Week" appears on CNBC's Wake Up Call.

In 1998, with $25,000 in hand, Bremmer founded the research and consulting firm Eurasia Group. Five years later, Eurasia Group has become the preeminent global political risk consultancy, with 40 full-time employees in New York and London, as well as 480 experts in 65 countries worldwide. Eurasia Group's fields of practice include Eastern Europe, Middle East/North Africa, Southeast Asia, Russia/Caspian, and Latin America. Widely respected for its objectivity, Eurasia Group has worked with Heads of State and Prime Ministers (as well as opposition leaders) from over 30 states throughout the world. ABN-Amro, AIG, Bear Stearns, Boeing, Case, CSFB, Deutsche Bank, Eni, ExxonMobil, Goldman Sachs, Merrill Lynch, News Corporation, Putnam, Shell, and Tudor are among its major multinational clients.

In 2001, Eurasia Group launched Wall Street's first global political risk index. Now a joint offering with Deutsche Bank, the Deutsche Bank Eurasia Group Stability Index brings together Eurasia Group political scientists with Deutsche Bank economic expertise, and represents the first time political science methodology has ever been used on Wall Street to assess risk.

In 2002, Bremmer founded and co-chaired the Annual Eurasia Summit, the largest event on Eurasia ever held in the United States. Bringing heads of state, foreign ministers, and official representatives from 25 countries together with over 250 CEOs and senior executives, the Summit was intended to provide a unique forum for discussion of security and investment in the Eurasia region.

Throughout his career, Dr. Bremmer has been firmly committed to a pro-engagement US foreign policy towards the developing world, assessing the relative weight of political and economic interests. He has spent much of his time assisting those who share a commitment to these goals, and has advised world leaders on a pro-bono basis, including US Governor Lamar Alexander, Japanese Foreign Minister Yoriko Kawaguchi, Russian Prime Minister Sergei Kiriyenko, and Romanian President Ion Iliescu. Bremmer's articles with former Russian Deputy PM Boris Nemtsov following the 1998 Russian financial crisis appeared in newspapers throughout the world.

A native of Boston, Dr. Bremmer lives in New York and Westport, Connecticut.
Wendy Brodkin
Wendy Brodkin has been a practitioner in the financial industry for over twenty years. Wendy received a BSc from the University of Toronto, a Graduate Diploma in Public Accountancy from McGill University and an MBA from York University. She also holds CA and CFA designations.
Wendy began her career in the audit practice of Thorne Riddell (KPMG) in Montreal and lectured part-time in the accounting program at McGill University. In 1986, Wendy joined VIA Rail Canada and went on to manage its pension and other benefit funds including establishing, implementing and monitoring diversified investment programs of stocks, bonds, private equity and real estate. During this period, Wendy was a director on the Board of The Pension Investment Association of Canada (PIAC).
Wendy joined Towers Perrin in Montreal in 1989 as a consultant, responsible for establishing an investment practice for Towers Perrin in Montreal. She founded the national investment newsletter ALFA BETA, which was published from 1991 to 2001. Wendy transferred to the Toronto office of Towers Perrin in 1992 as the National Issue Leader and became a partner in 1994. In 1995, Wendy assumed the role of National Practice Leader and became responsible for the business management and strategic direction of the Canadian practice. Wendy was also responsible for global policies and procedures through her role on the Global Consulting Committee.
Today, Wendy is President of Goodman Institutional Investments Inc., and focused on strategic trends, best practices and investment solutions for institutional investors. This is a wholly owned subsidiary of Dundee Wealth Management, a diversified financial service firm with assets under management of approximately $12 billion and publicly traded on the Toronto Stock Exchange.
Wendy is also a Trustee of The Anglican Church of Canada Pension Plan responsible for numerous pension, benefit and endowment funds, a Trustee of The Canadian Health Services Research Foundation and Chair of its Finance, Audit and Investment Committee, a member of the Pension and Benefits Committee of The Victorian Order of Nurses, Chair of The Ontario Council of The Canadian Pension and Benefits Institute (CPBI), a member of The AIMR Advocacy Committee, and a member of the Advisory Board of Benefits and Pension Monitor.
Wendy is a frequent speaker and chair at industry forums for pensions and investments, with a special interest in the areas of governance and risk management. She conducts educational workshops for industry groups including the Office of the Superintendent of Financial Institutions (OSFI). Wendy wrote a regular investment column for the Globe and Mail and continues to write for industry publications. Wendy is also member of: Canadian Institute of Chartered Accountants (CICA), Investment Management Consultants Association (IMCA), Toronto Society of Financial Analysts (TSFA), The Financial Executives Institute (FEI), The Alternative Investment Management Association (AIMA), The Association of Canadian Pension Management (ACPM), The International Foundation of Employee Benefit Plans and Women in Capital Markets.

Colin Bugler
Colin Bugler is Managing Director – Head of Equity Finance for Scotia Capital Inc. Colin joined Scotia Capital in 2002 and has overseen the transformation of the prime brokerage product into an industry leading platform through investments in technology, people and a commitment to service excellence. Scotia Capital Prime Brokerage is part of the Institutional Equities department and brings together all of the hedge fund services of the firm into one menu for clients from execution and research to clearing and custodial services.
Prior to joining Scotia Capital Inc, Colin ran the prime brokerage and securities lending business of Merrill Lynch in Europe. This built upon his experience as a proprietary trader with HSBC in London and Toronto where he managed a number of strategies including convertible bond arbitrage, index arbitrage and options market making. Colin’s trading and prime brokerage experience allows him to fully appreciate the business and operational drivers of hedge fund clients and what they need from their prime broker to successfully manage their business.
Colin has an MBA from the University of Edinburgh and a BA in Economics from the University of Western Ontario.
Dermot S. L. Butler
Dermot Butler, who was born in 1941, has more than 35 years experience in the financial services industry. He has worked variously as both a stockbroker and stock jobber (market maker or specialist) on the London Stock Exchange, and subsequently, as a commodity broker and as a principal dealer in commodity options on the London Metal and London Commodity Exchanges.
He was a founder member of McDonnell & Co Ltd., a Bermuda based fund management company which was set up in 1983 and was one of the first fund management groups to outsource all of its investment management functions.
Early in 1989 Mr Butler moved to Dublin and established the Custom House group of companies, of which he is Chairman. Today, the primary company in the Group, Custom House Administration & Corporate Services Ltd., assists clients in the establishment of specialist offshore alternative investment and hedge funds and currently acts as administrator to over one hundred and seventy such funds, with total assets in excess of US$8 billion. Mr. Butler, who was a member of the London Metal Exchange Option Committee, has appeared as an expert witness before the Texas Securities Commission, and the US Tax Court, on the subject of commodity options. He has also testified before the CFTC in Washington, and addressed the American Bar Association on the subject of commodity option regulations.
Mr. Butler has authored numerous articles on various aspects of the Alternative Investment and Hedge Fund Industry and is a regular speaker at conferences on subjects relating to the management and administration of offshore funds. He is a director of a number of companies in the financial services industry, several of which are listed on the Irish Stock Exchange, including investment companies operated by GE, Northern Trust, BNP Paribas, Credit Agricole and Bear Stearns. He is also the Deputy Chairman of the Alternative Investment Management Association (“AIMA”) and AIMA’s Council Member for Ireland, as well as acting as Chairman on AIMA’s Sound Practices Committee.
Guy Caplan
Guy Caplan, CFA, is the Portfolio Manager for the Argent Funds Group's $2 Billion Low Leverage Strategy. Currently, Argent has over $4 Billion under management. He joined the firm in 1999. Mr. Caplan has specialised in convertible arbitrage since 1994. He started his career at Richardson Greenshields in Toronto, Canada as a Salesman/Trader on the Convertible Securities Desk. He joined Midland Walwyn Bermuda in 1996 as Vice President on the Proprietary Equity Desk. In 1998 Mr. Caplan moved to Connor Clark in Toronto as Portfolio Manager, with a focus on convertible arbitrage, quantitative arbitrage, and risk arbitrage in US and Canadian Securities. Mr. Caplan holds an MBA for Queens University, as well as a B.A. in economics from the University of British Columbia.
Randy Cass
Randy Cass is the President and Chief Executive Officer of Orchard Asset Management Inc, a hedge fund company founded on the principles of objectivity in investment procedures and selection, the exploitation of inefficiencies in market structures and a complete systematic control over risk management.
Prior to founding Orchard, Randy created and managed absolute return strategies for the Ontario Teachers Pension Plan Board’s Quantitative Investments group. While at Teachers, Randy established and successfully managed their Risk Arbitrage, Statistical Arbitrage and Absolute Return Income Trust strategies, the latter was the first meaningful venture into Income Trusts by a Pension Plan anywhere in the world. Randy has also held a position trading currency derivatives at a major financial institution in Canada.
Randy holds an MBA from the Richard Ivey School of Business at the University of Western Ontario, an LL.B from the University of Toronto and is a Certified Financial Analyst (CFA). Randy was also named National and North American University Debating Champion and one of the top ten public speakers in the world, achievements for which he received a commendation from the Prime Minister of Canada.
Randy sits on the Board of Directors of Holy Blossom Synagogue in Toronto. He is married and lives in Toronto with his wife Martha and his two sons Benjamin and Nathan.
Ben Chesir
Ben Chesir joined ABN AMRO Incorporated in August 2001 and is currently First Vice President and Head of Futures Risk Management for North America based in New York. Previously Ben had worked at Merrill Lynch since 1994 serving in a variety of roles over seven years including manager of the firm's institutional client market data group, derivatives software developer, project manager, and financial futures and options sales trader. In addition to a Masters degree in Finance and Banking from Pace University in New York, he holds undergraduate degrees in Sociology and History. Ben is a fully licensed Registered Representative, Principal and Trader both in The United States and Europe and certified systems administrator for several electronic trading platforms and protocols.
Jose Claxton
Jose Claxton is Managing Director and Head of North American Institutional Client Services for Lehman Brothers Alternative Investment Management (LBAIM). Jose Claxton is responsible for all business development, and sales and client servicing for Lehman Brothers Alternative Investment Management within the North America. Prior to joining Lehman Brothers in 2004, Mr. Claxton was employed at JP Morgan for eight years where he served as both a senior U.S. equity portfolio manager based in Morgan's London Office, and more recently as head of U.S. hedge fund of fund sales. Prior to joining J.P. Morgan, Mr. Claxton was employed as an investment banker with Smith Barney, specializing in the structuring and issuance of tax-exempt debt securities.
Mr. Claxton graduated from Boston University in 1987 with a BS in Industrial Engineering and received an MBA from the Columbia University Graduate School of Business in 1991.
Hugh C. Cleland
Hugh C. Cleland, CFA, Portfolio Manager, is a graduate of Harvard University and is responsible for the investment and trading decisions for the Fund. His previous investment experience includes positions as research associate, investment analyst and Associate Portfolio Manager, specializing in telecom and technology equities. Mr. Cleland is a co-founder of Northern Rivers Capital Management Inc., and has managed the Innovation Fund since its inception.
Randolph B. Cohen
Randolph B. (Randy) Cohen joined the Harvard Business School Faculty in the Finance Area in 1998. He teaches the Investment Management course in the Elective Curriculum of the MBA Program, and co-teaches Asset Pricing II in the Ph.D. Program. Professor Cohen received his A.B. in Mathematics from Harvard College in 1987, and completed a Ph.D. in Finance at the University of Chicago in 1998. Before coming to HBS, Professor Cohen worked as an actuarial management consultant specializing in pension plan asset/liability analysis.
Professor Cohen's main research focus is the interface between the actions of institutional investors and price levels in the stock market. He has studied the differential reactions of institutions and individuals to news about firms and the economy, and the effect of institutional trading on stock prices. Professor Cohen has also researched the identification of top investment managers and prediction of manager performance.
Primary areas of interest: hedge funds, institutional investing, investment management, mutual funds, value investing. When not teaching or writing, Randy enjoys political debate and playground basketball.
Darren Coleman
Darren has more than 12 years of experience as a professional advisor and an impressive track record in satisfying the investment needs of his clients. Prior to joining TD Waterhouse Investment Advice in 2002, Darren held positions as a senior financial planning and investment specialist at some of Canada's largest financial institutions, including Royal Trust, Bank of Montreal and BMO Nesbitt Burns.
Along with a Bachelor of Commerce degree, Darren holds several professional designations and is a Certified Financial Planner and a Fellow of the Canadian Securities Institute. Darren also holds a Level II Life Insurance license.
Recognized as a leading advisor in the Hedge Fund industry, Darren is among the first professionals in Canada to receive the Certified Hedge Fund Specialist accreditation. He is both a member of the course’s Advisory Board and teaches the module on Portfolio Construction. Within his firm, Darren plays a key role in developing TD Waterhouse’s research capabilities in the hedge fund area.
Along with his specialty in hedge funds and alternative investments, Darren provides advanced planning advice for high net-worth investors. He delivers a highly personalized service, coordinating and integrating their complex needs.
Darren and his team serve a diverse and wonderful client base that includes successful entrepreneurs, professionals, senior executives and their families. His business grows primarily through referrals from his clients and a network of professional advisors.
Thomas F. Coleman
Thomas Coleman is Professor of Computer Science and Applied Mathematics at Cornell University and Director of a major Cornell research center: The Cornell Theory Center (a supercomputer center). He was recently Chair of the SIAM Activity Group on Optimization (1998-2001) and is currently on the editorial board of numerous professional journals.
Professor Coleman is the author of two books on computational mathematics, the editor of four proceedings, and has published over sixty journal articles in the areas of optimization, automatic differentiation, parallel computing, and computational finance.
Coleman founded and now directs CTC-Manhattan, a computational finance venture located at 55 Broad Street in New York. Coleman is a research consultant for a number of finance-related companies based in New York, Boston, Seoul, and Tokyo.
Coleman received his PhD in mathematics from the University of Waterloo in 1979, worked for two years as a postdoc in the Applied Mathematics Division of Argonne National Laboratory (Chicago). He has been a faculty member in the Computer Science Department at Cornell University since 1981.
Rebecca A. Cowdery
Rebecca Cowdery joined the Toronto office of Borden, Ladner, Gervais LLP. as counsel in November 2003, after 9 years as the most senior investment funds regulator with the Ontario Securities Commission. Rebecca was called to the Alberta bar in 1983 and to the Ontario bar in 1986. She has a Bachelor of Arts degree in political science (1977) and a law degree (1982) from the University of Alberta.
Rebecca practices corporate, commercial and securities law, specializing in the investment funds and asset management field. Rebecca was at the forefront of all major investment fund regulatory reform initiatives during her tenure at the OSC and has recognized expertise in investment fund public policy, regulation and practice both nationally and internationally.
Her responsibilities while at the OSC included:
  • Leading the Canadian Securities Administrators policy projects to update and reform mutual fund regulation. This work included creating and implementing the national instruments dealing with mutual fund prospectus disclosure (81-101), mutual fund operations and management (81-102), commodity pools (81-104) and mutual fund sales practices (81-105).
  • Leading the Canadian Securities Administrators project to improve mutual fund governance. Rebecca was the principal author of the CSA concept proposal “Striking a New Balance: A New Framework for Regulating Mutual Funds and their Managers” and worked after its publication in March 2002 to develop the draft rules to mandate fund governance.
  • Leading the Canadian Securities Administrators work to harmonize the regulation of mutual funds and segregated funds (insurance products regulated by insurance regulators).
  • Leading the Ontario, Alberta and British Columbia securities commission’s work to create the Mutual Fund Dealers Association of Canada.
  • Creating and managing the Investment Funds team, a group of up to 17 lawyers, accountants and support staff, from 1998 to 2001. As manager of this team, Rebecca directed the administration of regulation of publicly offered mutual funds and made decisions on applications for regulatory relief.
Before joining the OSC, Rebecca practiced corporate and securities law with a major Toronto law firm, where her practice became increasingly focused on investment funds.
Anthony Cowell

Anthony is a Senior Manager with KPMG’s Alternative Investments Practice in the Cayman Islands where his portfolio of audit clients includes hedge funds, commodity pools, private equity funds and venture capital funds. His experience in the area of capital markets includes audit and accounting services involving a wide variety of financial derivative products and complex structured investment vehicles. Anthony is also a practice development team leader for KPMG’s Alternative Investment Practice in the Cayman Islands, actively supporting all practice activities for professional development, technical support and business development. He is currently on secondment with KPMG’s Global Investment Management & Funds Practice in London, where his responsibilities include strategic planning, hedge fund thought leadership, business development and corporate communications.
Anthony is a Chartered Accountant and holds a BSc(Hons) in Management Sciences from Warwick University, England. He recently authored an article on alternative investments in Alternative Fund Services Review and participated as a panellist at the Alternative Investing Summit in California in 2003. He is a member of the Institute of Chartered Accountants in England & Wales (ICAEW), the Alternative Investment Management Association Limited (AIMA) for which he serves on their Research Committee and the Cayman Islands Society of Professional Accountants.
Paul Dempsey

Mr. Dempsey is an associate in Gowlings Toronto office in the Corporate Finance department where his practice focuses on the law as it relates to pensions and investment funds. Mr. Dempsey assists clients with all matters related to pension administration and money management including regulatory compliance, registration, and the creation of new products. He frequently contributes articles on investment funds and pensions to a variety of industry publications.
Before joining Gowlings, Mr. Dempsey was the Manager, Investment Funds at the Ontario Securities Commission (OSC) and in 2002 headed an OSC working group that developed proposals to give retail investors greater access to hedge funds and other alternative investment strategies.
Prior to working at the OSC, Mr. Dempsey was legal counsel at the former Pension Commission of Ontario (now Financial Services Commission of Ontario) for six years.
Mr. Dempsey was called to the Ontario Bar in 1990 and received his LL.B. from McGill University in 1988. He also holds a B.A. (Hons.) in Economics from McGill University, an M.A. in Economics from the University of Calgary and has completed the Canadian Securities Course and the Derivatives Fundamentals Course offered by the Canadian Securities Institute.
Carol De Veau
Carol De Veau joined FundSERV Inc. as vice president of business development in 2003. She is responsible for business analysis, communications and industry relationships. Her background includes a diversity of areas within the investment fund industry beginning in 1990 working for a financial services software provider. She held numerous operational, marketing and sales roles with Fidelity Investments and more recently with Franklin Templeton Investments. Carol graduated from McMaster University with a bachelor of science and masters of business administration (MBA).
Daniel Dorenbush
Daniel Dorenbush is co-head of Canadian Hedge Fund Services (HFS) and Global Head of HFS Sales & Marketing at RBC Capital Markets. He also serves as a member on several RBC committees. Over the last five years, Mr. Dorenbush has been instrumental in significantly growing RBC Capital Markets' prime brokerage business. Mr. Dorenbush first joined RBC in 1998 as a member of Global Markets Risk Management, after working for the Toronto Stock exchange and the Royal Trust.
In his spare time, Mr. Dorenbush is involved in various athletic and charitable pursuits. Mr. Dorenbush has completed an MBA in Finance at McGill University, graduating in high standing, an Honors Degree in Economics from the University of Toronto and is a CFA Charter holder.
Charles Dumas
Charles Dumas graduated from Cambridge University, England in 1968 with degrees in mathematics and economics. After graduating, Charles accepted a position with the Conservative Party Research Department, working on tax reform, initially hired by Brian Reading, from whom he took over Lombard Street Research’s International Service 30 years later.
From 1971-74, Charles worked as a journalist at The Economist, weekly newspaper, covering taxes and public finance, monetary policy and various business sectors.
In 1974, Charles moved to work as European economist for General Motors in London. He was responsible for short and longer-term forecasts and assessments of Germany, Britain, France, Benelux, Italy, later Spain; also general issues of importance to GM such as the oil market. He completed various special studies on the Middle East economies (1976) and India (1978). Charles moved to New York and then Detroit, working for General Motors’ international strategic planning group.

Charles started working for JP Morgan, New York in 1980 – initially as an international economist, covering continental Europe and in charge of liaison with the Treasury division. He then moved to capital markets in 1983, covering NY City clients for bonds, swaps, etc., where JPM was the leading product innovator.
From 1986-88 Charles became Head of Research in London for JP Morgan after spending the 2 years prior covering British clients for capital markets.
Charles then became Managing Director in JP Morgan’s Mergers and Acquisitions department in New York. He mostly covered airlines, media and telecoms, and insurance. His most interesting deal was representing the US life insurance industry in negotiations to buy Executive Life, which went bust in 1990, the largest ever US bankruptcy at that time.
In 1991 Charles Dumas won a mandate for JP Morgan to advise and restructure Czech Telecom in Prague. In 1992, he was given the opportunity to join a partnership within Lord (Jacob) Rothschild’s St. James’s Place Capital group operating as a “boutique” investment bank in Czechoslovakia, to help the transition from Communism that had collapsed in 1989. He worked in Prague and Bratislava for three years, and had several mandates, but conditions were far from ready for this type of business, so he stopped in 1995.
On his return to London, Charles worked at the London School of Economics (supervisor: Stanislas Gomulka) on the sources of economic growth in developing countries, with a view to a PhD thesis on growth prospects in central and Eastern Europe after Communism. This work has proved vital in bringing emerging Eurasian economies into the analytical framework of Lombard Street Research in 2002-04.
In 1998 Charles Dumas took over from Brian Reading as head of the International Service of Lombard Street Research. Charles appears regularly on TV and radio, as well as writing articles for newspapers and the trade press.

Avi Faliks
Dr. Faliks is a founder and Head of Risk Management of Apex Guotai Junan Greater China Fund, a hedge fund with offices in Hong Kong and New York. He is the former manager of a quantitative statistical arbitrage equity fund and, prior to this, was a proprietary trader at Bear Stearns Companies, Inc, where he oversaw statistical and arbitrage trading in various markets around the world. Dr. Faliks is a published expert on optimization models. Dr. Faliks received his Ph.D in Chemical Physics from Princeton University and his Bachelor of Arts degree, magna cum laude, from Harvard College.

Robert Farquharson
Robert Farquharson joined Marsh Canada in 1986 and has held positions of increasing responsibility since that time and now manages the Toronto FINPRO group, which provides service to a broad range of the Canadian Financial Services industry and a large number of professional service firms. In addition, Robert is Canadian National Practice Leader for the Financial Institutions Industry Practice within Marsh Canada's industry focused Risk Management Group. He is responsible for managing client relationships and all aspects of advisory services, strategic development and implementation of insurance risk management solutions.
In addition to the insurance advisory and transactional activity, Robert continues to work with international organizations in the operational risk arena. This activity is focused on assisting clients in managing risk more broadly across the organization and incorporating risk strategies that contemplate the impact on the very broad range of stakeholders in the financial institutions arena.
Robert spearheaded, along with key FINPRO colleagues, the Canadian development of numerous major financial institution Integrated Risk Programs that for the past 7 years have allowed these clients to transfer billions of dollars of potential liability to counter party insurers.
Stephen Foster
Stephen Foster is a Director of Credit Suisse First Boston and International Head of Hedge Fund Services, part of Prime Services, based in London. Mr. Foster has been involved with the Hedge Fund industry since 1995 when he structured a Global Macro Strategy Fund seeded by Credit Suisse. Prior to joining Prime Services he was Chief Operating Officer of CSFB's Funds Development Group, during which time he structured and developed a number of Hedge Fund's covering a variety of both fixed income and equity strategies. He has served as a director of several Hedge Funds, including CSFB CQS Fund Limited, CS Capital Strategies Fund Limited, and CSFB RVA Fund Limited. Additionally, he has sat on the Board of several Hedge Fund Management companies.
Mr. Foster has been with the Credit Suisse Group since 1993, holding positions within Credit Suisse Northern Europe as Head of Corporate Lending and Head of Credit. Prior to joining the Credit Suisse Group, he was Vice President and Head of Commercial Banking at Swiss Volksbank in London from 1989 to 1993. Previously he had been Credit Manager at Bank in Liechtenstein (UK) London and a senior credit analyst at Manufacturers Hanover Trust.
Mr. Foster serves on the Alternative Investment Management Association Tax Committee and the London Investment Banking Association Prime Brokerage Committee. He has been active in CSFB's Prime Services activities in providing Prime Brokerage solutions to on-shore European Hedge Funds, and is involved in on-going discussions with the Regulators in Germany and France.
Bob Fuhrman
Bob has spent his entire career as an innovator creating products for fixed income trading and portfolio management. He started at Wells Fargo Investment Advisors (now BGI) in 1977, building models for asset allocation, liability defeasance, and index fund construction. Bob left Wells Fargo in 1979 to help start BARRA’s fixed income business.
At BARRA, Bob’s main responsibilities involved building and marketing customer applications. While there, he built the first commercial fixed income products for performance attribution, multi-factor risk analysis (VAR), and quadratic optimization.

In 1983, Bob joined Lehman Brothers Kuhn Loeb, where he was the Managing Director for the Portfolio Strategies Group and the Lehman Brothers’ Index. Under his direction, Lehman became the dominant provider of fixed income indices. Bob was also responsible for Quantitative Research, Derivatives Research, and Mortgage Research.
In 1991, Bob rejoined BARRA and became the Director of BARRA Analytic Securities – an early attempt at establishing an electronic market for fixed income securities. This effort eventually led Bob (in 1993) to EJV, (a joint venture of six major U.S. investment banks) where he was the Head of Fixed Income Research and Product Development. At EJV Bob was responsible for product design for the EJV Pricing Service and for portfolio analytics. In 1996 Bridge Information Systems bought EJV and Bob became head of fixed income research at Bridge.
Bob joined Morgan Stanley in 1997 where he was an Executive Director responsible for portfolio analytics and fixed income indices for the Fixed Income Division. In 2001, Bob and his fixed income index team moved to Morgan Stanley Capital International (MSCI) as MSCI expanded its coverage into Hedge Fund and Fixed Income Indices. Bob was responsible for the development of the prize-winning MSCI Fixed Income Analytics web site and the MSCI Hedge Fund Subscriber site.
Bob earned his SM degree in Finance from MIT’s Sloan School in 1978 and an AB degree in Applied Mathematics from Johns Hopkins University in 1976. He has taught Financial Theory at the graduate level and has lectured extensively on fixed income portfolio management.
Martin Gagnon
Martin Gagnon re-joined the National Bank of Canada in June 2003. As co-manager of the Alternative Investment program, he works on portfolio construction, risk management and focuses on identifying, selecting and monitoring the Trading Advisors. From 1996 to 2003, Mr. Gagnon worked with Goldman Sachs in New York where he was a Vice-President in the International Equity division. From 1993 to 1996 he held different positions in sales and trading of derivatives, fixed-income and equity for Laurentian Bank and Goldman Sachs Canada.
From 1987 to 1993, he worked within the Treasury department of National Bank of Canada, including the Financial Engineering Group and the position of Senior Manager-Asset/Liability Management.
He holds a Baccalaureate in Commerce from Université du Québec à Montréal and an MBA from the University of British Columbia and is a Chartered Financial Analyst.
Max Ganado
Dr. Max Ganado LL.D., LL.M.(Dal) practiced maritime law between 1984 and 1994 and was the partner in charge of the shipping department at the firm, Professor J.M. Ganado & Associates, Advocates. In the later years his focus was on ship finance, aircraft finance and project finance. In 1995, he moved out of shipping to establish a financial services department catering for banking, insurance, investment services and trusts. He has been heavily involved since 1994 in the implementation of the investment services legislation in Malta and has assisted various fund managers, custodians and fund promoters in establishing presence and structures in Malta. Since 1998, Dr Ganado has been increasingly involved in drafting legislation projects and between 200 and 2004 he served as the Chairman of the Malta Arbitration Centre.
Dr. Ganado teaches investment services as part of the MA (Financial Services) as a part-time lecturer. He also teaches the subject of Arbitration and Trusts in the LLD course of laws at the University of Malta. Dr. Ganado regularly addresses local and international seminars on subjects falling within his expertise.
Born in 1958, Max Ganado was educated in Malta and obtained his first Law Degree from the University of Malta, cum laude, in 1982 where he successfully submitted a doctoral thesis entitled “Transhipment of Cargo”. In 1983 he obtained a Master’s degree in carriage of goods from Dalhousie University, Halifax, Nova Scotia, cum laude, after successfully submitting a second thesis on “Delay in the Carriage of Goods by Sea” which was later published as a book by Lloyds of London Press after being co-edited by his tutor Professor Hugh Kindred.
Dr. Ganado was nominated by the Government of Malta as a member of the legislative commission to draft laws on offshore companies and trusts in 1987 and on another smaller drafting team preparing the amendments to the Merchant Shipping Act (ship registration and mortgages), also in 1987. He has regularly participated in legislative developments and is currently involved in the review of shipping company legislation. He formed part of the Chamber of Advocates review team on the proposed Companies Act in 1995
In the financial services field he was involved in the drafting of the Investment Services Act (Control of Assets) Regulations dealing with custody and discretionary management of assets, the Set-Off and Netting on Insolvency Act dealing with aspects of law dealing with close-out netting agreements and is heading the team of lawyers which carried out the review of Maltese law on Trusts, aiming at the incorporation of trusts into the civil law of Malta. He has drafted legislation on Legal Persons, Foundations and Associations for the Ministry of Social Policy and on Securitisation for the MFSA and these projects are still in progress.
Louis Gargour
Louis Gargour (Senior Portfolio Manager – RAB Capital plc) was educated at Georgetown University where he obtained a Bachelors of Science in Finance in 1985. He began his career with Salomon Brothers in New York completing their management-training programme with training in capital markets, portfolio management, corporate finance and trading strategy.
In 1989 he joined the MBA programme at the London Business School, where he obtained his MBA in 1991. After this Louis ran JP Morgan’s credit effort in Switzerland, where he had overall responsibility for advising JP Morgan’s institutional clients on global credit including High Yield and Emerging markets. Upon his return to London in 1998, he joined Goldman Sachs International, where he had overall responsibility for client advisory and distribution of high yield and fixed income credit products in Switzerland. He left to establish the Taurus Investment Management group in 1999, one of Europe’s first credit funds, where he was founder and managing director. In 2001 he joined forces with RAB Capital, merging the two businesses. He currently manages several fixed income funds including the European High Yield Fund, as well as the SAGA income plus fund.
A. Christopher Guthrie
Christopher Guthrie is CEO and founding partner of Hillsdale Investment Management Inc. He is responsible for supervising Hillsdale’s equity investment strategy and for directing the firm’s significant and ongoing commitment to research and product development.
Prior to founding Hillsdale, Chris worked for eight years at CPMS Computer Portfolio Management Services Inc., a leading Toronto-based investment counselor specializing in quantitative equity management. At CPMS, Chris was responsible for (i) assisting in the design and on-going development of quantitative equity management systems; (ii) training institutional money managers in the application of quantitative investment strategies; and (iii) managing and supervising in-house equity accounts.
Chris is currently a faculty member and curriculum advisor for the Canadian Certified Hedge Fund Specialist (CHFS) course as well as a member of the Education and Research Committee of the Alternative Investment Management Association (AIMA).
Chris lives in Toronto with his wife Elisabeth Wigmore and two sons Caleb and William aged 10 and 7.
Founded in 1996, Hillsdale is an Investment Counsel and Portfolio Management firm specializing in long/short equity hedge funds. Hillsdale’s Aggressive Hedged and Market Neutral strategies are designed to specific risk and return objectives and are suitable for individual portfolios as well for use by pension and endowment funds to complement their core holdings.
Hillsdale’s team is currently comprised of fifteen professionals educated in finance, mathematics, econometrics, computer engineering, accounting and business combining over 150 years of experience in the management of specialized equity products. Further information is available at www.hillsdaleinv.com.
Paul Heney
Paul obtained his Bachelor of Social Sciences in Economics in 1981 and his Bachelor of Laws in 1984 from the University of Ottawa. He then received his Master of Business Administration from the Schulich School of Business, York University, in 1985. He was called to the Bar in Ontario in 1987 and joined the firm in 2002.
Paul's practice focuses on public and private securities offerings serving the venture capital/small cap market as well as on mergers and acquisitions and securities regulatory matters for issuers, underwriters and investment bankers.

He also advises a number of discretionary money managers and has assisted in the creation of some innovative pooled fund products. Paul provides general corporate advice regarding the many legal issues that his clients face on a day to day basis. His practice has taken him into a broad range of industries from local to international in geographic scope, and from natural resources to financial services, information technology and biotechnology.

Paul enjoys working with his business clients to structure, negotiate and implement a wide variety of sophisticated corporate finance and corporate/commercial transactions and he is valued by them for his ability to provide sound, practical advice in a cost effective and timely manner.

Paul is a member of the Law Society of Upper Canada, the Ontario Bar Association, the Canadian Bar Association and the Ontario Racquet Club. He is also a member of the Ontario Securities Commission Small Business Advisory Committee.

Christopher Holt

Christopher Holt is the Director of Investor Relations and Business Development at Toronto hedge fund manager, JCClark. JCClark is one of Canada’s largest managers of single strategy hedge funds. The firm launched its flagship long/short program in 1999 and today manages over C$400 million in various strategies for Canadian, US and European institutional investors and wealthy families.
In addition to its core funds, JCClark also advises several off-shore funds and is currently one of a small number of long/short managers globally who are part of the MSCI Investable Hedge Fund Index. An emphasis on operational strength and investor relations has made JCClark one of the most internationally recognized Canadian hedge fund managers.
Prior to joining JCClark, Chris spent 8 years in the management consulting industry with several firms including Ernst & Young. During this time, he advised Fortune 500 clients in the financial services and technology industries along with several domestic and foreign governments.
Chris is also active in several international organizations including The World Bank and the Swiss-based World Economic Forum (organizers of the Annual “Davos Forum”). He holds an MBA from Duke University and a Bachelor of Commerce degree from Queen’s University.
Norman D. Inkster

Recognized as an expert in national and international law enforcement and forensic investigations, Norman Inkster, OC, BA (Hons), C.St.J, LLD, is President of Inkster Group, providing investigative, security and law reform services to domestic and foreign governments and international financial institutions. The core areas of practice for the group are: i) investigations ii) risk mitigation intelligence; iii) asset tracing and recovery; and iv) physical security assessments; v) police and corporate investigation assessment; and vi) international services including forensic investigations, law reform and enforcement.
Immediately prior to starting the Inkster Group, Mr. Inkster was the global managing partner for the international forensics practice of a major accounting firm. As Commissioner of the RCMP from 1987 to 1994, Norman Inkster managed all aspects of Canada’s largest police force with approximately 21,000 employees and a budget of $1.7 billion. Mr. Inkster also held the position of President of Interpol from 1992 to 1994.
Over his distinguished career, Norman Inkster supervised investigations into a broad range of activities including allegations of kickbacks, theft, fraud, extortion and embezzlement. Mr. Inkster has directed efficiency reviews of major law enforcement agencies as well as business recovery planning and security review for international organizations. He has acted as Special Adviser to the Auditor General of Canada and following the events of September 11, 2001, was appointed Special Advisor on matters of security by the Government of Ontario.
An Officer of the Order of Canada, Mr. Inkster is a member of the Canadian and International Associates of Chiefs of Police, Honourary Chief of the Blackfoot Tribe, and Honourary Member of the Bear Clan of the Cree Nation.
Mr. Inkster has also been appointed to the Security Advisory Board of the Unisys Corporation.
David Jarvis
David Jarvis, Partner at Blair Franklin, has spent almost 20 years in the securities industry. He began his career as Controller, subsequently Secretary-Treasurer, of Capital Group Securities. As a member of the firm’s Executive Committee, David was responsible for the accounting group, risk management, regulatory compliance and reporting, and trading operations.
David then joined First Marathon Securities in 1991, in the firm’s Derivatives Instruments Group. At First Marathon, David focused on developing and executing domestic and international stock loan arbitrage strategies.
In 1994, David moved to Midland Walwyn Capital (now Merrill Lynch Canada) to start the Equity Derivatives and Arbitrage Group. Ultimately, David’s team numbered 16 professionals, undertaking structured derivatives transactions, equity option trading and market making, merger arbitrage and international stock loan arbitrage.
In 1999, David founded Ascendant Capital Management which managed equity arbitrage hedge funds, and focused on merger arbitrage opportunities. After four successful years of investing, David decided to wind down the Ascendant Funds, and join Blair Franklin.
David holds an MBA from Queen’s University and a BA in Economics from the University of Western Ontario. He has held his CFA charter since 1992, and is the founding Vice-Chair of the Canadian Chapter of AIMA (the Alternative Investment Management Association).
James M. Keyes
James Keyes is a Partner and Local Team Leader of the Funds & Investment Services Team within the Corporate/Commercial Practice Group. He practices in the area of corporate and commercial law, particularly mutual funds, corporate finance and securities. James joined the group in 1993. Prior to that, he worked with Freshfields law firm in London from 1989 to 1992. James attended Oxford University in England and graduated (M.A. with Honours) as a Rhodes Scholar. He was called to the bar of England & Wales in 1991 and to the Bermuda Bar in 1993.
James recently contributed to the International Financial Markets Guide - 2004 edition. James is a member of the Bermuda International Business Association’s committee on collective investment schemes.
Bermuda
Canon's Court
22 Victoria Street
PO Box HM 1179
Hamilton HM EX
Bermuda
Phone 441 298 3227
Fax 441 292 8666
E-mail JKeyes@applebyglobal.com
Henry Kneis
Henry Kneis, the Founder and Chief Executive Officer and Chief Investment Officer of Abria, has over seventeen years of securities industry experience, specializing in equity derivative and proprietary arbitrage trading.
Mr. Kneis was the CEO of a Canadian investment-dealer that was a member firm of the Toronto Stock Exchange and the Investment Dealers Association of Canada, capitalized at $100 million. He managed a proprietary trading portfolio for the firm and its affiliates with aggregate balance sheet assets of $3 billion. As a senior partner in an entrepreneurial and aggressively growing business unit, Mr. Kneis was a key contributor in all aspects of the business development, from building infrastructure, to generating and researching new trading opportunities, to marketing products.
Mr. Kneis' career started just prior to the October 1987 crash when he joined First Marathon Financial Products, the proprietary derivative trading group of First Marathon Securities Limited, as its second employee. The market neutral portfolio he was trading did not suffer a loss in that 20% market drop - a career shaping experience. Mr. Kneis became a Senior Partner of FM Financial Products in 1989 and assumed management responsibility for the Canadian equity arbitrage desk in 1991. From 1992 through 1996, Mr. Kneis was also responsible for supervising the U.S. activities of the firm's international trading operations. Mr. Kneis' trading performance contributed to the organization's unblemished record of profitability in every quarter of his tenure, from September 1987 to June 1999 - a total of 47 quarters. Mr. Kneis contributed to the growth of the organization to 200 employees across four countries and 13 different profit centres by 1999.
Throughout his career, Mr. Kneis has specialized in the trading, management, and design of proprietary market neutral arbitrage portfolios. Mr. Kneis' experience covers index, volatility, statistical and risk arbitrage in the equity markets as well as convertible securities arbitrage, preferred share trading, and the development of customized equity derivative products. Prior to founding Abria, Mr. Kneis performed extensive due diligence on independent hedge fund managers and designed and constructed a multi-manager, multi-strategy hedge fund product for private investors.
Mr. Kneis has been responsible for the establishment of three Canadian investment dealers and three NASD broker-dealers over the course of his career. Mr. Kneis was the CEO of a Canadian public company for which he secured the exchange listing. Mr. Kneis has served on various derivative and index committees of the Toronto Stock Exchange and developed capital margin rules for derivative securities that currently exist as industry regulations. Mr. Kneis is also a regular speaker at conferences on Alternative Investments and has been featured on both Investment Television and Mutual Fund Television. Mr. Kneis is a past Chairman of the Board of Governors of the Toronto Futures Exchange, is a member of the editorial board of CanHedge, a Rogers Media publication focusing on the alternative investment fund industry in Canada, and sits on the Investor Risk Committee of the International Association of Financial Engineers. Mr. Kneis is also a strong supporter of investor education in the alternative asset field. He is a founding member of the advisory board and an instructor of the Certified Hedge Fund Specialist course. He has also worked with the Canadian Securities Institute to help improve and deliver its hedge fund course. Mr. Kneis obtained a B.A.Sc. in Engineering Science at the University of Toronto and an MBA from the Schulich School of Business, York University, Toronto.

Patricia Koval

Pat Koval practices in the area of corporate and commercial law, with primary emphasis on corporate finance, securities regulation, mergers and acquisitions, managed assets, derivatives and financial institutions.
Pat regularly acts for issuers and investment dealers in structuring acquisitions, dispositions, reorganizations, and international and domestic public and private financings, as well as in the design of enhanced or new financial products and services.
She has extensive experience acting for sponsors, managers and distributors of mutual funds, pooled funds, hedge funds, insurance company segregated funds, real estate investment trusts (REITs), exchange-traded funds, income trusts and other financial products. In addition, Pat has acted in numerous financing transactions, both Canadian domestic and cross-border, in particular those involving financial institutions. She has also participated in a significant number of domestic and cross-border public takeover bids and negotiated acquisitions.
Pat frequently participates in domestic and international business conferences and legal education programs focused on corporate finance, investment funds, derivatives, mergers and acquisitions, directors’ responsibilities and financial institutions. She is the author of numerous articles in these areas. Pat also teaches a course on takeover bids and proxy contests at the University of Toronto Law School.
For three years, Pat was a member of the Ontario Securities Commission Securities Advisory Committee, a group of lawyers appointed by the government of Ontario to provide assistance in developing and drafting amendments to Canadian securities legislation and policy statements. In 1994 and 1995, she acted as counsel for a task force appointed by the government of Ontario to advise on the feasibility of granting rule-making authority to the Ontario Securities Commission. Subsequently, Pat was retained by the Government of Ontario to advise in the finalization of the rule-making legislation, which was implemented January 1, 1995.
Pat is a member of the Board of Directors of World Wildlife Fund ( Canada).
Tristam Lett
Tristam Lett, one of Canada’s leading authorities on hedge funds, joined Norshield Financial Group (Norshield) as Senior Vice President in October this year. He will also become a member of Norshield’s Portfolio Management Committee.
Mr. Lett joins Norshield from RBC Capital Markets, where he was Director of Alternative Investments. He has more than 20 years of investment experience as a portfolio manager, business operator, derivatives specialist, marketing manager and risk management practitioner. Mr. Lett began managing hedge funds in 1990, when he was the CIO of Trafalgar Capital. For five years during his tenure at Trafalgar, he was simultaneously the Chairman of the Board of Governors of the Toronto Futures Exchange. He is also Co-Chair of AIMA Canada’s Education and Research Committee and is a member of the Editorial Advisory Board of the Canadian Investment Review.
Peter L. Loach
Peter Loach is the Vice President, Managing Director, Investment Fund Research for BMO Nesbitt Burns where he manages the mutual fund research team that is responsible for evaluating the merits of over 3,200 retail mutual funds, hedge funds and private equity funds. He has been developing proprietary quantitative models for assessing downside risk within Canadian mutual funds and client specific suitability for over eight years.
His group publishes the highly regarded BMO Nesbitt Burns Mutual Fund Focus Book. The book ranks the top 100 mutual funds across all categories to support IAs in the management of mutual funds.
He is frequently quoted in the financial press and is regarded as one of Canada's leading investment fund analysts. Mr. Loach has a Bachelor of Commerce honours degree from the University of Guelph.
James MacNeil
With a strong belief in human potential, James has dedicated over 12 years to the study and application of leadership development, communication and training sciences. As a motivational speaker, trainer, and certified Experiential Learning Technology (E.L.T.) facilitator, he has engaged over 1,200 live audiences, co-hosted an international daily radio program, recorded numerous audio and video training tapes and wrote the Canadian Best Seller entitled, "Success Secrets of King Solomon".

As an independent business consultant James has enjoyed a wide range of business challenges and opportunities. As the Director of Training for the Performance Training Institute James trained new facilitators to sell and facilitate experiential training programs for Fortune 500 Companies. As Executive Director of External Affairs for World Christian Internet Corporation James directed promotions, public relations and marketing. James put his experience to the test as Director of Marketing for a non-profit home for troubled teenagers in upstate New York where he invested one year developing and managing a successful marketing and fundraising department.

As a Facilitator and Management Consultant, James works with corporations in the US and Canada developing leadership and interpersonal skills. He brings his real world experience to his high-energy training sessions. His understanding of human behavior and the dynamics of communication and interpersonal interactions are coupled with his experience in the private sector. When James is not training, writing, pulling out some of his last few hairs, or otherwise engaged in work activities he invests his time with his family and in Church and community efforts.
Jerome Lussan
Jerome Lussan joined Rhicon Currency Management in 2003, as business manager responsible for all operational aspects and business development strategy. In particular he has assisted the group, which manages approximately 200 million USD in various currency trading programs, in establishing a trading presence in the UK and Switzerland. He is a solicitor in England, and practiced most recently at Jones Day in London focused on banking corporate finance and financial services. He was previously involved in private equity and banking at Gouldens Solicitors also in London. His broad background includes acting as legal and general advisor to the communication department of the French Presidency, as well as involvement at prominent law firms in Beijing, and Paris.
Kieran McCann


Kieran McCann is Director of Prime Brokerage Sales for Barclays Capital. He has over 14 years experience working with hedge funds and financial institutions specializing in prime brokerage services and securities finance. Mr. McCann previously worked at Bear, Stearns & Co. as a Managing Director in prime brokerage services, Commerzbank Securities as Head of Structured Trading Solutions, and at Morgan Stanley as Controller of the Correspondent Clearing Group.
Kieran holds a Bachelor of Science degree in Business Administration from San Diego State University.
Stuart McKinnon

Stuart McKinnon is the President and Chief Executive Officer of Pro-Hedge Funds Inc., an industry leader in alternative investments. Stuart McKinnon's 17 years of experience in the financial services industry have included roles within the wealth management, professional equity trading, and portfolio management sectors, establishing him a trusted reputation for consistently creating significant growth, customer loyalty, and shareholder value.
Mr. McKinnon began his career in the investment industry in 1987 with a position as a Professional Equity trader on the floor of the Toronto Stock Exchange.
In 1993 Stuart McKinnon founded McKinnon & Company, a successful wealth management firm specializing in alternative investments for high net worth individuals.
As one of the founders and instructors of the Certified Hedge Fund Specialist course, sponsored by the Strategy Institute and the Canadian chapter of the International Hedge Fund Association, Mr. McKinnon is committed to promoting education within the hedge fund industry.
As a respected leader in the alternative investment industry, Stuart McKinnon is frequently called upon to appear as a guest speaker on various television broadcasts and radio programs, including ROB TV and CBC Radio.
Iain McMurdo
Iain McMurdo was admitted as a solicitor in Scotland in 1993 after obtaining a law degree with honours and training with a major commercial firm in Glasgow. Iain then spent several years with that firm working in corporate finance for high profile clients, including corporate reconstructions, joint ventures, share acquisitions and other mainstream company matters.

Iain then joined the corporate department of Freshfields in London where he focused on corporate finance with a particular emphasis on mergers and acquisitions and international corporate restructuring. Since joining Walkers in June 2000, Iain has developed a broad practice including investment and private equity fund formation, corporate finance and mergers and acquisitions locally and internationally. Iain also advises a number of companies listed on International stock exchanges. He became a partner in 2003.
Recent transactions have included advising on all aspects of Cayman law (private equity funding and acquisition structuring) for Madison Dearborn Partners' Euro 4.0 billion leveraged buyout of Jefferson Smurfit Group plc, one of the largest transactions of its kind in Europe, on the US$135mn syndicated loan to Chile's Compania Cervecerias Unidas SA (CCU), on the formation of private equity house MidOcean Partners, a US$1.6bn spin-off from Deutsche Bank and on the US$2.2bn acquisition by Ripplewood Holdings LLC of Japan Telecom from Vodafone.
Iain is named as a leading Cayman Islands lawyer in the 2003 edition of the 'IFLR 1000' Directory.
Principal Practice Areas:
Investment Funds, Corporate, Mergers & Acquisitions
Tel: (+1 345) 914 4217
Fax: (+1 345) 814 8217
Email: imcmurdo@walkers.com.ky
Walkers
PO Box 265GT
Walker House
George Town
Grand Cayman
Cayman Islands
www.walkers.com.ky

Richard Meckler

Richard Meckler is the President and Chief Investment Officer, LibertyView Capital Management, A Division of Neuberger Berman, LLC.
Richard Meckler joined Neuberger Berman LLC in January 2003 when Neuberger Berman acquired substantially all the assets of LibertyView Capital Management Inc. In October 2003, Neuberger Berman became a Lehman Brothers company. Mr. Meckler founded LibertyView Capital Management in 1992. His primary responsibilities include portfolio allocation, risk management, and arbitrage trading. He has over fifteen years experience in managing investments in both U.S. and foreign equities and bonds. From 1988 to 1992, he served as Chief Investment Officer of a specialty alternative investment management firm. He previously served as Director of Investments and Pension Director at CBS Inc. He earned a M.B.A. from the University of Pennsylvania's Wharton School, a J.D. from Boston University School of Law, and a B.A. in Economics from the State University of New York.
Raj Mehta

Raj Mehta, founder and Managing Director of Persistent Edge Management, is responsible for portfolio management and firm operations. 
Previously, Mehta evaluated new investments and developed several early-stage companies as a Managing Director at Redwood Ventures, a Silicon Valley-based private equity firm. Mehta's solid background in technology includes expertise in the telecommunications sector developed as a senior research analyst at RHK, where he represented a range of clients including hedge funds, venture capital funds, and sell-side banks.  
Mehta's experience includes forays into marketing and strategy consulting to clients in the telecommunications industry and financial community.
Mehta gained entrepreneurial experience and insight as a co-founder of a telecom reseller of wireline and wireless services, and as an early team member at Salix Technologies, a telecommunications equipment vendor start-up company (acquired by Tellabs).
Mehta received a Bachelor of  Science, cum laude in Physics from the College of William and Mary, and a Master of Science in Computer Science and Engineering from Auburn University.
Frank Mersch
Frank Mersch has over 24 years of experience in the investment industry, including 11 years as an investment manager with Altamira Management Limited.
Prior to joining Altamira in 1987, Mr. Mersch was President of Special Investments and Vice President of Guardian Capital Group and Vice President of Investments at Morgan Trust Company of Canada. From 1987 to 1998, Mr Mersch was a shareholder, director and Vice President of Altamira. During that period, he was instrumental in building an organization, which had over 300 employees and approximately $17 billion of assets under management. At Altamira, Mr. Mersch managed and marketed private wealth mutual funds and pension funds and earned a reputation as one of the most highly regarded investment managers in Canada, frequently making appearances on "Wall Street Week" and other investment programs.
From May 1998 to June 1999, Mr. Mersch was active in providing angel financial to fledging technology companies. Since June 1999, Mr. Mersch has been an officer of Front Street Capital and in that capacity manages the portfolios of various investment vehicles, including the portfolios of Casurina Limited Partnership, First Wave Inc. and Casurina Performance Fund.
Robert Milroy
Robert Milroy is the Joint Managing Director – Dawnay Day Milroy Limited, a Guernsey regulated asset management and brokerage firm that specialises in servicing international clients with a special emphasis on hedge funds and offshore investment portfolios. The firm is a member of the London Stock Exchange and a correspondent broker with Pershing LLC- New Jersey.
Mr. Milroy started his career as a financial oil analyst in his native Canada before going on to hold senior positions in research, underwriting, venture capital financing, retail investment brokerage and portfolio management. He is a regular speaker on radio and TV shows featuring security investments and conducts offshore investment seminars world-wide. In conjunction with Standard & Poor’s Limited, the World leader in investment fund data collection he authoured “The Standard & Poor’s Guide to Offshore Investment Funds” for many years and contributes numerous articles to other offshore publications. He is a member of the Institute of Directors, Offshore Institute, associate of the Securities Institute and is a graduate of the University of Manitoba with a Bachelor of Commerce (Honours) degree.
Clive Morgan
Clive Morgan has been a practitioner in the financial industry for more than thirty years, 14 years in the insurance industry and 17 years working as a consultant with pension and other institutional funds. He received a B.Sc from the University of Natal, South Africa. He qualified as an actuary in 1975 and as a Chartered Financial Analyst in 1991. Mr. Morgan was hired by Towers Perrin, Toronto in 1983 to assist in building a separate asset consulting practice in Canada. In 1991 he assumed the role as the National Practice Leader for the asset consulting practice in Canada.
In 1994 he assumed the role of the Global Practice Leader for the worldwide asset consulting practice of Towers Perrin, responsible for developing and implementing the business plan for the practice.
He has consulted on all aspects of financial management to multinationals around the world, working in the US, UK, Europe and Australia.

In 1999 he retired from Towers Perrin and set up C Morgan Investment Counselling Inc. This Company provides consulting services to Canadian Institutions. Clive is also registered with the OSC as a Portfolio Manager and Investment Council.
He has given a number of speeches on financial management and has written articles on this subject for Benefits Canada and Pension and Benefits Monitor.
Clive is a member of The Institute of Actuaries, Canadian Institute of Actuaries, and The Association for Investment Management and Research (AIMR). He is also Co-Chair of the Education and Research Committee for the Alternative Investment Management Association’s (AIMA) Canadian chapter.
John W. Murray
Mr. Murray is Vice-President, Corporate Affairs & General Counsel of The Investment Funds Institute of Canada, the trade association representing the Canadian mutual fund industry. Mr. Murray received a Bachelor of Arts (Hons.) degree in history from University College, University of Toronto in 1984 and a Bachelor of Laws degree from the Faculty of Law, University of Windsor in 1989. Mr. Murray was called to the Bar of the Province of Ontario, Canada, in 1991, and practised corporate and securities law in Toronto, prior to joining The Investment Funds Institute of Canada as Corporate Secretary, Staff Counsel in August of 1993.

In 1995, Mr. Murray was appointed a Board Member and Secretary of the Financial Planners Standards Council, positions he held until September of 2001. On the international scene, Mr. Murray was one of two Canadian delegates to the International CFP Council and also chaired the International CFP Council’s Certification Committee. In addition to his responsibilities at the Institute, Mr. Murray is currently participating on the OSC working group dealing with the regulation of financial planners, is chair of the Canadian advisory committee participating in the development of a new ISO standard for personal financial planning services and is a director of Credit Counselling Services of Toronto.
Miklos Nagy
Miklos Nagy is President, co-founder and CEO of Quadrexx Asset Management Inc.
Miklos Nagy is also Chairman, co-founder and CEO of Canadian Hedge Watch Inc., a Toronto based publishing and educational firm focusing on the Canadian hedge fund industry.
Mr. Nagy is a leading authority on alternative investments and hedge funds in Canada. He is the co-author of Canada's first hedge fund book, "Hedge Funds for Canadians", published by John Wiley and Sons in May 2003. He has been featured extensively on national television and newspapers about hedge funds. He has also been invited as a speaker to numerous financial seminars and conferences for several organizations.

Mr. Nagy has 16 years of financial industry experience in Canada including Senior Partner at York Financial Group, a leading financial planning firm and Credit Analyst at Credit Suisse Canada in Toronto.
Mr. Nagy studied Math and Computer Science in Hungary, and graduated with a B.Sc.(Hons.) degree from the University of Toronto in Economics and Statistics and holds the CFA (Chartered Financial Analyst) and CFP (Certified Financial Planner) professional designations.
Mr. Nagy is a founding Board Member of CIFPs (Canadian Institute of Financial Planners Association), a member of AIMR (Association for Investment Management and Research), the Toronto Society of Financial Analysts, and a founding member of the Hungarian Society of Investment Professionals, Budapest.
Adrian Odell
Adrian Odell is the Head of Funds at Bailhache Labesse Law Firm, Jersey, and also a director of the Bailhache Labesse financial services company located in Mauritius.
Adrian has been admitted as a South African Attorney, English Solicitor and Solicitor in the British Virgin Islands. Prior to Jersey, Adrian practised with leading law firms in the British Virgin Islands, Isle of Man, London and South Africa. He specialises in investment funds and has acted as principal offshore counsel in forming and advising both household name and start-up investment funds.

Funds formed or advised by him range from publicly listed retail funds through to private equity funds, hedge funds and venture capital funds. He has worked extensively with prominent alternative investment fund clients in North America, Europe and Asia.
Bailhache Labesse Law Firm is part of the Bailhache Labesse Group, a leading legal and administration services provider based in Jersey, Channel Islands. The group has 15 partners and 120 staff. The funds team has specialist expertise in establishing and restructuring alternative investment funds both in the Channel Islands and other offshore jurisdictions. The Legal 500 refers to the funds capability of Bailhache Labesse by stating that the combination of Simon Howard and Adrian Odell, both of whom were involved in the development of the expert fund policy, creates a centre of "funds excellence " which leaves the firm strongly placed under the new regime. The expert fund policy has facilitated the set up of hedge funds and alternative investment funds in Jersey.
Gary Ostoich
Gary Ostoich is a partner in the Derivatives and Structured Products Group of the law firm of McMillan Binch in Toronto. His practice is transaction oriented, focusing on domestic and off-shore structured financings/investment funds with particular emphasis on all aspects of the over-the-counter and exchange traded derivatives markets. He acts for a broad range of intermediaries and end-users in the markets including financial institutions, domestic and foreign investment dealers, governments, large corporations, pension funds, commodity pools and hedge funds.
Gary sits on the advisory board of a number of hedge funds in the marketplace and is also a director of a number of companies which create structured products using alternative asset classes such as managed futures and hedge funds. He sits on the editorial advisory board of CanHedge, a magazine dedicated to the Canadian hedge fund industry and also sits on the executive committee of the Canadian chapter of the Alternative Investment Management Association Inc.
Gary has participated in various committees affecting the derivatives and foreign exchange area including committees focusing on the use of derivatives by municipalities and mutual funds. He is also a member of International Swaps and Derivatives Association, Inc. in New York and the Managed Funds Association in Washington. Gary is recognized by LEXPERT legal directory as one of the leading legal experts in Canada with respect to derivatives and is included in LEXPERT’s Guide to the Leading 500 Lawyers in Canada. He has written numerous articles in the derivatives and hedge fund area on topics such as insolvency issues affecting the Canadian derivatives market, collateralization of swaps and the effect of foreign investment entity rules on hedge funds and has spoken at various conferences relating to hedge funds, derivatives and corporate finance.
Andrew Papierz
Andrew Papierz is Executive Managing Director, Equity Division, BMO Nesbitt Burns. Based in Toronto, Andrew is responsible for heading the firm's Prime Brokerage Group including the Equity Lending Desk. Services provided to prime brokerage and lending clients include clearing, settlement, trade processing, cash financing, reporting and securities lending. Andrew has more than 20 years of industry experience in both Canada and the United States. He has held executive roles in all aspects of the securities business including operations, risk management, technology, business development and client service.
He served as President of the Canadian Derivatives Clearing Corporation between 1993 and 1999. Since joining BMO Nesbitt Burns in 2000, Andrew and his team have been instrumental in being a leading provider of prime brokerage and securities lending to hedge funds and high net worth clients across North America. This team also created the first Prime Brokerage capital introduction events in Canada. These successful events provide BMO Nesbitt Burns Prime Brokerage clients with regular opportunities to present their funds to qualified investors. Andrew has a Masters of Business Administration Degree from Queen's University and holds an Honours Bachelor of Arts Degree in Economics from York University.
Robert Parnell
Robert Parnell, President and CEO, Tremont Capital Management, Corp., is responsible for managing Tremont's Canadian operations. He is responsible for business and product development in Canada and is Tremont's primary interface between clients and the firm's investment management and research capability.

Mr. Parnell has worked in finance and investment management for over 14 years. Prior to joining Tremont, Mr. Parnell was Vice President of hedge fund investments for Northwater Capital Management Inc. (formerly Newcastle). In this capacity, Mr. Parnell managed multi-strategy hedge fund portfolios with total assets of over $250 million.
Mr. Parnell developed the first multi-strategy hedge fund insurance product in Canada and was portfolio manager for North America's first exchange listed market-neutral fund of funds.
Mr. Parnell holds a Bachelor of Science degree from the University of London, a Master of Business Administration degree from the Richard Ivey School of Business (University of Western Ontario) and holds the Chartered Financial Analyst designation.
Tremont is recognized as a leader in the field of hedge fund investment management and research and has specialized in structuring and managing multi-manager, multi-strategy hedge fund portfolios since 1984. Today, Tremont employs approximately 100 professionals and staff in its Rye, New York, and Toronto, London and Bermuda offices and manages over U.S.$ 10 billion in assets as at June 30, 2004.
Tremont operates through six subsidiaries and provides full service investment management and advisory services to financial institutions, public and private pension funds, endowment funds, foundations, private family offices and high net worth individuals. Tremont's investment approaches are intended to identify promising asset allocation among the various hedge fund strategies and among the high quality managers within those strategies and to offer to investors a series of investment products that seek stable returns with reduced risk.
Tremont has been involved in a number of innovations in the hedge fund industry. Through a joint venture with Credit Suisse First Boston, Tremont co-developed the CSFB/Tremont Hedge Fund Index, the first asset-weighted benchmark of hedge fund performance. Along with its sub-index classifications, the index has gained wide acceptance as a leading benchmark of global hedge fund performance (www.hedgeindex.com). With RiskMetrics Group, Inc., the former Risk Management Services Group of JP Morgan, Tremont jointly developed HedgePlatform(tm), a risk reporting service and reporting methodology that enables managers to measure, evaluate, and aggregate various risks across multiple hedge funds and across multiple hedge fund strategies.

Mark Purdy
Mr. Mark Purdy, CFA, Managing Director of Arrow Hedge Partners Inc., shares responsibility for the fund manager selection and monitoring process. He serves on the Investment Committee at Arrow Hedge Partners Inc. and has over 10 years experience in the investment industry. Prior to joining Arrow Hedge in May 2000, Mark was Vice-President of Business Development at BayStreetDirect.com. Previously, he was Associate Vice-President of Sales at BPI Financial Corporation. Mr. Purdy began his career at IBM Canada Ltd., where he held various financial, sales and marketing roles over a ten-year period. Mr. Purdy is also responsible for the national marketing and distribution of Arrow Hedge Funds.
Derek Ramm
Derek Ramm is a Regional Officer with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
FINTRAC is Canada’s financial intelligence unit, a specialized federal agency that collects, analyzes and discloses financial information and intelligence on suspected money laundering and terrorist activities financing. Created in July 2000, the Centre is a integral part of our country’s engagement in the global fight against money laundering and the financing of terrorist activities.
In his current role with FINTRAC, Derek is responsible for ensuring compliance by securities dealers, portfolio managers and investment counsellors with their obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
Prior to joining FINTRAC in March 2004, Derek worked in the investment industry for over the years in various compliance and investigative roles. In 2001, he implemented and managed a comprehensive anti-money laundering program for one of Canada’s largest independent carrying dealers and back office service providers.
KEYNOTE SPEAKER Jim Rogers
A recent study shows that traveling around the world is the #1 daydream. Jim Rogers has fulfilled our fantasies twice. Jim Rogers is the author of Investment Biker: On the Road with Jim Rogers (Random House 1994) and Adventure Capitalist (Random House 2003). An entertaining speaker, he mixes wit with sometimes contrarian wisdom that offers new and enlightened ways to view our world.
He is an investor who has been chronicled in John Train’s The New Money Masters, Jack Schwager’s Market Wizards, and other books.
He has been frequently featured in TIME, New York Times, Washington Post, Barron’s, Forbes, Fortune, The Wall Street Journal, and The Financial Times, and most national news publications.
He also has appeared on nearly every news and public affairs television program – both network and cable – and has been a columnist in various media offering his insight on finance, investment, politics, history, foreign policy and social issues and how they interact. He sometimes is a Visiting Professor at Columbia University.
During 1990-1992, Jim Rogers took a motorcycle trip of over 100,000 miles around the world, crossing six continents and setting a Guinness World Record while fulfilling a life-long dream of seeing the world by motorcycle. Investment Biker was a result of that trip.
Not satisfied with surviving that outing, he set out again on Jan. 1, 1999, with Paige Parker to chronicle the world during the three years of the turn of the Millennium – 1999-2001. They have returned from a 116-country, 152,000-mile overland trip the likes of which has never been done before – they have been awarded a Guinness World Record. His unique ground-level observations illuminate, startle and amuse. Despite the danger and adventure, Jim and Paige found time to marry on Jan. 1, 2000.
His second book, Adventure Capitalist (Random House 2003) details the insights, adventure and observations from his recently completed trip through a very different world.
Born in 1942, Rogers’ entrepreneurial efforts started early in Demopolis, Alabama, where he was reared. He had his first job at age five, picking up bottles at baseball games. At age six, he won the concession to sell soft drinks and peanuts at Little League games. His father lent him one hundred dollars to buy a peanut parcher, which put Rogers in business. Five years later, after taking out profits along the way, he paid off his start-up loan and had a hundred dollars in the bank.
Winning a scholarship to Yale, Rogers was coxswain on the crew. Toward the end of his four years there, he received an academic scholarship to Oxford, where he attended Balliol College and studied politics, philosophy, and economics. He also became the first person from Demopolis ever to cox the Oxford-Cambridge Boat Race on the Thames. It was during the summer of 1964, while working for Dominick & Dominick, that Rogers fell in love with Wall Street. And that’s exactly where he headed after Oxford and a stint in the Army.
After apprenticing with a couple of firms. Rogers co-founded the Quantum Fund, a global-investment partnership. During the 10 years of the 1970’s, the portfolio gained more than 4000%, while the S&P rose less than 50%. Rogers then decided to retire – at age 37. However, he didn’t remain idle.
Continuing to manage his own portfolio, Rogers kept busy serving as a professor of finance at the Columbia University Graduate School of Business, and, in 1989 and 1990, as the moderator of WCBS’s ‘The Dreyfus Roundtable’ and FNN’s ‘The Profit Motive with Jim Rogers’. At the same time, he was laying the groundwork for an around-the-world motorcycle trip.
In 1990-1992, Rogers and a companion took a motorcycle trip of over 100,000 miles across six continents, a feat that landed them in the Guinness Book of World Records. As a private investor, he constantly analyzed the countries through which he traveled for investment ideas. Investment Biker: On the Road with Jim Rogers, a best seller, chronicled that trip, revealing one nation after the next in which gradually weakening currencies and political structures had suddenly collapsed, resulting in total national ruin. He gets to the heart of what’s driving successful nations and economies upward and what’s slashing troubled ones downward.
He continued as a media commentator at Worth, CNBC, et al and as a sometime Professor while laying plans for his Millennium Adventure 1999-2001. He now contributes to Worth and Fox News among others while eagerly awaiting his first child. He has already bought her a globe and an atlas.
Incidentally, Rogers found the peanut parcher in his parents’ attic a few years back. It still works.
He can be reached as www.jimrogers.com.
David C. Rudd
Mr. Rudd started his career in the insurance sector with Metropolitan Life and became a Pension Consultant with Tomenson-Alexander until 1979, when he moved to Merrill-Lynch as a Futures Derivatives Broker. Mr. Rudd founded & developed the largest futures trading operation in Canada; first with Dean Witter Canada, as a Vice President, and then expanding the business with Refco Futures. Under the direction of Mr. Rudd as Senior Vice President, Refco ransacted more institutional
business than RBC Dominion Securities, CIBC/Wood Gundy. Mr. Rudd's position included budget, human resources and institutional business management, trading, risk analysis and market development. Mr. Rudd left Refco in 1999 to establish the Portfolio Manager and fund its research and development operations. Mr. Rudd has served as a member of the Board of Directors of the Toronto Futures Exchange, now part of the Montreal Stock Exchange; as well as Member and Chairman of the Derivative Committee of the Montreal Stock Exchange. The committee oversaw the development of the futures sector of the Exchange from low initial volumes to a major part of the Exchange and its successful evolution into an integral part of Canadian capital market.
Tony Sanfelice
Canadian Hedge Watch Inc. is Canada’s premier source for hedge fund editorial, information, education, and research & analysis. Tony joined Canadian Hedge Watch full-time in January 2002 and since then has been instrumental in leading the company to become Canada’s premier hedge fund resource.
Tony has participated in various national newspaper, television and radio interviews and writes the monthly Hedgehog column in the National Post. He holds both the Certified Management Accountant (CMA), and the Certified General Accountant (CGA) professional accounting designations. Tony is also Executive Vice President of the board of directors of the Volunteer Center of Peel.
Prior to joining Canadian Hedge Watch, Tony spent over 10 years in senior financial and operational positions with leading Canadian and U.S. companies. From 1998 to 2001 Tony was Manager of Operations ( Canada) for Laird Plastics Inc. (the second largest plastic distributor in North America) where he led the Canadian operation by improving operational returns a total of 250% over the three years.

Greg Scarffe
Greg Scarffe is a Director within the Prime Services group of Credit Suisse First Boston (CSFB) in New York and has over 12 years of hedge fund and alternative investment experience. Greg covers existing and prospect Hedge Fund clients in the U.S. and Canada and is responsible for accessing the resources of the Firm including financing and cash and derivative execution and research for fixed income and equity products.
Greg has been with CSFB since 1996. Before relocating to New York, he managed the Managed Lending program in Zurich for one year, and oversaw Business Development and Sales of the Prime Services group in London for two years. Prior to joining CSFB, Greg worked for Morgan Stanley in sales and marketing with the Equity Derivative and Cash businesses in New York and London. Greg holds a BES from the University of Waterloo, Waterloo, Ontario and an MBA from the London Business School, London, England.

Luis Seco
As a Professor of Mathematical Finance and Risk Management at the University of Toronto, Professor Seco brings the up-to-date knowledge in academic research in Mathematical Finance and wealth of experience in the development of risk management tools for a number of financial institutions. Since 1996, he has been Director of RiskLab, a joint research venture between the University of Toronto and Algorithmics Inc. Risk Lab has provided the Toronto financial community with a series of risk management products, including a risk management system for interest rate options, investment product analysis for Refco Futures (Canada);
volatility hedging products for the Bank of Nova Scotia; a yield management system for the Ontario Teachers Pension Plan Board and commodity price forecasting tools.
Professor Seco has won numerous research awards, including an Alfred P. Sloan Fellowship, a NATO science division award, and awards from the Natural Sciences and Engineering Research Council.

MASTER OF CEREMONIES Bruce Sellery
Bruce Sellery is the New York Bureau Chief for Report on Business Television. He puts the U.S. business world into context for Canadian viewers – covering the economy, the stock market, and the latest Wall Street scandals. He has access to top business thinkers in both Canada and the U.S., interviewing CEOs of major corporations and leading industry analysts. He brings to the job a practical perspective of how businesses work and asks the questions Canadians want answered to help them understand an increasingly complicated business world.
Previously, Sellery was based in Toronto where he anchored ROBTV’s Business Day with Bruce Sellery. He has also worked on a number of business programs for CBC Newsworld, and reported on personal finance for Investors Online.
Sellery has spent years leading programs in Leadership, Corporate Strategy and Diversity. He also had a successful career in the business world, marketing some of the world’s top brands. His informative presentations also illustrate the quick-thinking and fun style that he learned as a student of the Second City school of Improv.
Sergio Simone
Sergio Simone started his career in the financial services industry in 1979 mainly in the distribution and manufacturing of investment products. In 2000 Sergio formed RJS Private Wealth Management, a firm specializing in the distribution of hedge funds to retail and institutional investors. Over a period of 2 years the firm was managing in excess of $150 million of hedge fund assets, both individually and institutionally.
Sergio is the co-author of The Canadian Hedge Fund Yearbook. Sergio is the founding president of the Canadian chapter of the Hedge Fund Association. Providing Alternative Investment education is one of the main goals of the Hedge Fund Association.
To that end he was responsible for putting together and chairing a committee of Canada’s premier hedge fund personalities who, along with Strategy Institute created the Certified Hedge Fund Specialist Course. More than 100 people have completed the course over the last year. He is also on the advisory board of the Rogers Media publication CanHedge.
In November 2002, Sergio entered into a joint venture with Jovian Capital Corporation to launch the Pescara Fund of Funds, a multi-manager, multi-strategy fund of funds specializing in Canadian underlying managers. As Felcom Chief Alternative Asset Strategist, Sergio chairs the six member investment committee at Felcom Management Corporation, the Portfolio Manager for the Pescara Fund of Funds.

Sergio is also a director of the Baker Centre Health Care Foundation, a charity dedicated to the support and long-term care of the elderly.

Marianne Smythe
Marianne Smythe, partner with Washington DC based law firm Wilmer Cutler Pickering Hale & Dorr LLP. Prior to joining the firm Marianne served as the senior director with the Securities and Exchange Commission (SEC) in the area of Investment Management responsible for regulating investment companies, investment advisors, public utility holding companies and certain insurance products. Marianne has served as a council member of the American Bar Association’s Section of Administrative Law and Regulatory Practice and is currently a member of the ABA Task Force on Hedge Funds.

Ken Stern

Ken is president of Capital Ideas Inc., and a member of Creative Planning Financial Group. He specializes in developing and implementing creative wealth management strategies by providing professional advice and service for a broad range of insurance and financial products.

Since November 1999, Ken has focused his investment practice on Alternative Investments. He is continuously upgrading his own education and performing due diligence and ongoing research on the various hedge funds available to Canadian investors.

In acknowledgment of this expertise, a number of advisors now “hire” Ken on a cooperative basis to offer alternative investments to their clients. He believes that all investors can benefit from the diversification Alternative Investments can provide.
Since 1992, Ken has built a successful practice in the fields of Life and Disability Insurance and Investment advice and management by capitalizing on his considerable business acumen obtained during earlier years spent in the computer industry. His last position was Director of Retail Operations for ComputerLand Canada and concurrently, Vice President, Marketing for HQE Technology Stores.
A native New Yorker, Ken has resided in Canada since 1977. He earned a Bachelor of Science (Honors) from Boston University in 1973 and is a member of the internationally respected Society of Trust and Estate Planners (STEP). In 2001 Ken achieved the highest possible award in the Life Insurance industry, earning “Top of the Table” status of the Million Dollar Round Table.
He was a featured panelist at the Investment Funds Institute of Canada (IFIC) Hedge Fund Forum (November 2002), at the ‘Canadian Elite Advisor Summit’ (May 2003), and the IFIC and Canadian Hedge Watch sponsored conference on ‘Hedge Funds for High Net Worth Investors’ (November 2003). Ken has also completed the Canadian Securities Institute course on Hedge Funds, and the Strategy Institute course entitled Hedge Funds for High Net-Worth Investors. He has been a multiple occasion guest on CHUM National Radio Network’s “The Money Show” with host Jerry White. Ken has also appeared on ROB Television and was interviewed and quoted in the recently published book, Investrends: The High Tech Economy by Martha Wilson and Mark Evans.
Ken is an avid golfer and enjoys running and cooking, however, most of his spare time is spent with his wife, his three sons and daughter.
Robert P. Vrooman

Robert P. Vrooman is a Senior Vice President and the Director of Marketing of GCM. Prior to joining GCM in 1998, he was a Vice President of Emerging Market Institutional Sales at Santander Investment Services, Inc.
Robert was also a Vice President at Prudential Securities Incorporated, where held the position of Senior European Equity Specialist. He also marketed global equities at Dean Witter Discover Inc., and held the position of Mutual Fund Wholesaler at New York Life Insurance Company. Robert graduated from Syracuse University in 1989 with a B.S. in Marketing.
Libby Wildman

Elizabeth (Libby) Wildman is President of Wildman and Associates Wealth Management Inc. Libby began her career in the Financial Services Industry in 1987 following in her father, Robbie's footsteps at London Life after graduating from the University of Western Ontario. She achieved The Million Dollar Roundtable and National Quality Awards each year she was at London Life - evidence of her commitment to building life-long relationships with her clients. After the sale of London Life, Libby took a small team of Associates and formed Wildman & Associates Wealth Management Inc. to continue to deliver to her clients integrated wealth and 'life management' services in the role of lead financial advisor.
She willingly volunteers her time to Big Brothers and Sisters and is actively involved with the Parent Teachers Association at Lambton Kingsway School. She has spoken to groups across the country and written columns on the numerous issues/challenges facing the industry.
Arthur Williams III

Arthur Williams serves as President and Chief Investment Officer of Pine Grove Associates, Inc.  He was formerly Director of Retirement Plan Investments for McKinsey & Company, Inc.  While at McKinsey, he was responsible for the investment decisions for a sophisticated global pension and profit sharing plan serving over 6,000 investors.  Prior to joining McKinsey, he served as the manager of Merrill Lynch's pension assets and the head of Merrill Lynch's fund consulting practice and employee private investment funds.  He also served as in-house consultant to the central bank of a government fund, which was then the largest pool of capital in the world.
He has been a frequent writer on how to manage and direct the investment and administrative process from the point of view of the fund sponsor, how to measure performance in fixed income securities portfolios, and how to use computers in investment applications. 
His book, Managing Your Investment Manager is in its third edition.  He initiated the column "Sponsor's Corner" for Pensions & Investment Age Magazine and has contributed to the "Journal of Portfolio Management" and several industry handbooks.
Mr. Williams has testified before Congress, the US Department of Labor, and various professional organizations on aspects of pension policy and investing.
He is a graduate of Dartmouth College and a graduate with distinction of The Amos Tuck School at Dartmouth.  He holds the Chartered Financial Analyst designation and is a member of the National Futures Association.
He serves on the advisory board of The Investment Fund for Foundations, Charlottesville, Virginia, an organization designed to assist private foundations in managing their portfolios.  He has also served on the boards of the Institute for Quantitative Research in Finance and the Institute for Chartered Financial Analysts Digest.
W. William Woods

W. William Woods, Chairman and CEO of WWWoods & Co., is a lawyer, admitted to practice in Bermuda, England, Wales and Hong Kong. William was a solicitor with Linklaters & Paines in Hong Kong where he specialized in corporate finance work. For three years he acted as Legal Counsel to the Stock Exchange of Hong Kong. He then co-founded the International Securities Consultancy, a consulting group based in Hong Kong and London that specializes in advising on the development of both emerging and mature securities markets. From August 1995 to December 2001 William was the CEO of the Bermuda Stock Exchange. Since January 2002, William has been a specialist financial services and e-commerce consultant.
For 12 months William acted as the “Entrepreneur in Residence” at Zurich’s Bermuda based venture capital company, the Eventurecentre. William’s role at the EVC was to assist a number of e-commerce start-up companies, in which the EVC had made equity investments. William currently serves as an independent director on the boards of a number of offshore hedge funds. William has recently co-founded and serves as a director of Independent Review Inc.
William has written many articles on securities markets, offshore centres and hedge fund related matters. He has also written two books on on-line marketplaces, which he called “B2B Exchanges”. William is a co-founder, director and occasional author of ISI Publications which specializes in publishing hedge fund titles. He is the President of OffshoreOn.com which maintains an online information portal about offshore centres and and offshore funds and he writes the “President’s Choice” column in OffshoreOn’s monthly newsletter.