WAISC

Speakers 2005





Keynote Speakers
² The Honorable Dr. Philippa Malmgren President, Canonbury Group
² Eric Sprott Chairman, Chief Executive Officer and Portfolio Manager, Sprott Asset Management Inc.
² Ahmet H. Okumus President and Portfolio Manager, Okumus Capital (New York)
² Mario Therrien President, CDP Capital - Tactical Alternative Investments
² Pat Bolland Host, The Trading Desk with Pat Bolland
² Ian Bremmer President and Founder, Eurasia Group
² Jonathan Chevreau National Post
² Randolph B. Cohen Professor, Harvard Business School
Speakers
² Hoss Astaraki President – frontline technologies inc.
² Nick Barisheff Founder and President, Bullion Management Services Inc.
² Denis Beaudoin Chief Executive Officer & Founder FINALTIS - Paris
² Andrew C. Beck Partner, Torys LLP
² Jonathan A. Boersma Director, Standards of Practice, CFA Centre for Financial Market Integrity, CFA Institute
² Dermot S. L. Butler Deputy Chairman, AIMA International, Chairman, Custom House Group
² Paul Chain President, Alternative Investment Solutions, LLC
² Chris Choy CEO, Pacific World Asset Management
² Jose Claxton Managing Director and Head of North American Institutional Client Services, Lehman Brothers Alternative Investment Management
² John M. Côté Senior Vice President, Investor Relations and Business Development, Paloma Partners Management Company
² Anthony J. Cowell ACA Senior Manager, Audit Financial Services
² Timothy Cunningham President, Touchstone Group
² Jerome D. Davis Chairman, Board of Trustees, City of New Orleans Employees’ Retirement System
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 Martin Gagnon Managing Director of Alternative Investments, Innocap Investment Management Inc.
² Max Ganado Founder and Chief Executive Officer, Ganado & Associates
² Louis Gargour Director Fixed Income, RAB Capital plc
² Joseph Gill Senior VP and Chief Marketing Officer, Highland Financial Holdings Group
² Shelley F. Greenhaus President & Principal, Whippoorwill Associates, Inc.
² Eric Gronningsater , PricewaterhouseCoopers
² Farzine Hachemian Managing Partner of Celestar Capital Advisors, LLC
² Walter Haslett President and Chief Investment Officer, Write Capital Management
² Christopher Holt Director of Investor Relations and Business Development , J.C. Clark Ltd.
² G. Alan Hutton President & Chief Executive Officer, FundSERV Inc.
² Matthias Knab Director and Executive Editor, Opalesque Ltd.
² Ronald M. Kosonic Partner, Borden Ladner Gervais LLP
² Patricia Koval Partner, Torys LLP
² Brian Kremer National Sales Manager
² Richard Leibovitch Senior Managing Director, Senior Investment Partner, Gottex Fund Management
² Tristram S. Lett Deputy Chairman, AIMA Canada, Principal and CEO, Reef Knot Financial Ltd.
² Jérôme Lussan Managing Partner of Laven Partners LLP
² Brian MacDougall Executive Director, Oria Capital Ltd.
² Philip Manduca Managing Director of Titanium Capital
² Robert McIntyre Partner, Maples and Calder
² Iain McMurdo Partner, Walkers
² Miklos Nagy President, Co-founder and CEO, Quadrexx Asset Management Inc.
² Gary Ostoich President and Chief Operating Officer, Salida Capital Corp.
² Andrew Parkinson Managing Director, Van Arbor Asset Management Ltd.
² Mark Purdy Managing Director, Portfolio Management, Arrow Hedge Partners Inc.
² Pascal Roduit Director of Quantitative Portfolio Management, Pine Grove Associates
² David Rothberg Chairman, Niagara Capital Partners Ltd.
² David Rudd Chairman, Sigma Analysis & Management Ltd.
² Margaret M. Samuel Chief Investment Officer and Portfolio Manager, Quadrexx Asset Management
² Reza Satchu Co-Founder and Managing Director, Stellation Asset Management
² Karsten Schroeder CEO, Amplitude Capital
² Luis Seco Professor of Mathematics and Finance, University of Toronto, President and Chief Executive Officer, Sigma Analysis
² Gary Selke Chief Executive Officer and President, Front Street Capital
² Ken Stern President, Capital Ideas Inc.
² Bob Thompson Alternative Investment Strategist, Canaccord Capital Corporation
² Luc Van Hof CEO & Founder, Analytic Investment Management (A.I.M.)
² Peter C. Warren CIO, WarrenWicklund Asset Management
² Jerry S. White Personal Finance Commentator, AMFEX MEDIA
² W. William Woods President and Chief Executive Officer, Independent Review Inc.
Hoss Astaraki
Hoss Astaraki is the President of frontline technologies, a leading IT outsourcing company that serves financial industries nationwide. He is responsible for the strategic development, application and maintenance of technology and telecommunication, as well as customer relations. Under Hoss’ leadership, the frontline technology team has met the overall business-technology, communications and corporate needs of financial industry leaders such as Genuity Capital Markets, Wellington West, and Versant Partners. Previous to his entrepreneurial commitment with frontline technologies, Hoss held positions in the IT sector with such reputable companies as IBM and Research Capital Corporation.
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.
Denis Beaudoin
From 1993 to 1996, Denis was a business consultant for the Financial Institutions practice of Andersen Consulting (now Accenture). He took part in various large business development or IT projects in Europe. In 1997, he joined Paribas, first as a project manager within the Global Operations Department, then as an Institutional Client Relationship Manager for Paribas Asset Management. In August 1999, he joined Dexia Asset Management in Paris as a Senior Client relationship Manager.

In April 2001, Denis set up Finaltis as an investment advisory firm. In 2003, the company became an asset manager regulated by the AMF in France.


Finaltis is involved in hedge funds (CTA, European equity trading, volatility arbitrage) and funds of hedge funds (with a unique blend of closely monitored managed accounts delegated to cutting edge quantitative managers). Without compromising on high performance achievements, the company puts emphasis on drawdown control and liquidity.

Denis graduated from HEC (Paris, 1993) and was granted an International Business Masters degree by the Community of European Management Schools (1993). Denis also holds a Masters Degree in Finance & Accounting (MSTCF - Université Paris-Dauphine – 1991) and is a CPA under French law (DESCF - 1992).

Andrew C. Beck
Andy Beck practices corporate and securities law, with a focus on public and private financings, corporate governance, and mergers and acquisitions.

Experienced in domestic and international debt and equity financings, he has handled initial public offerings and Rule 144A offerings, as well as acquisitions and divestitures of both public and private businesses.

Andy has recently represented
- OccuLogix on its US$100 million initial public offering
- Petro-Canada on the US$2.5 billion offering of common shares by the Government of Canada (the largest-ever equity offering by a Canadian company)
- Paramount Resources on its US$175 million public offering of senior note.
- The Thomson Corporation on its C$3 billion cross-border shelf debt registration and the initial US$700 million takedown, and on its US$1 billion IPO in the United States<
- Brascan on its US$1.4 billion cross-border shelf debt registration and the US$300, $350 and $450 million takedowns
- SBC Corporation in its C$6.63 billion restructuring of its stake in Bell Canada Holdings
Publications and Presentations
“Under Scrutiny: Governance in Canada,” Directors & Boards, fall 2004.
“NYSE Corporate Governance Requirements Finalized,” co-author with Daniel M. Miller, The Metropolitan Corporate Counsel, January 2004.
“U.S.-Canada Deals: When the Target is Canadian, Subtle Differences,” co-author, The New York Law Journal, April 18, 2001.
Memberships
Negotiated Acquisitions Committee and Federal Regulation of Securities Committee, Business Law Section, American Bar Association
Securities Regulation Committee, New York State Bar Association
Education
J.D., 1972, Stanford Law School
B.A., 1969, Carleton College
Jonathan A. Boersma
Jonathan Boersma is Director, Standards of Practice at the CFA Centre for Financial Market Integrity. He is responsible for managing and directing the development, promulgation, and maintenance of the CFA Institute Standards of Practice, including the CFA Institute Code of Ethics and Standards of Professional Conduct, Asset Manager Code of Professional Conduct, Soft Dollar Standards, Trade Management Guidelines, Research Objectivity Standards, and other standards of practice under development. Mr. Boersma is involved in reviewing and responding to regulatory, legislative, and other industry proposals and developments related to these areas. He regularly meets with regulatory authorities, legislative bodies, and professional associations around the world to promote improved ethical behavior in the industry.
Past Experience
Prior to joining CFA Institute, Mr. Boersma worked in the investment management industry in various positions including assistant portfolio manager, trader, and performance specialist. He has experience in asset allocation, fundamental and quantitative research, risk and performance measurement, investment policy and portfolio strategy development, and investment manager selection.
Education
Mr. Boersma is a CFA charterholder and holds a Bachelor of Science degree in Economics from the University of Wisconsin.
Pat Bolland
Pat is the former on-air Stocks Editor at CNBC. Pat broke stories on stocks in the early days of after-hours trading. He moved to the mornings to set the tone for the rest of the day. Before CNBC, Pat was a leading business figure in Canada as host and business editor for several national shows on TV and radio. Pat comes from the investment industry. He began his career as a floor clerk on the Toronto Stock Exchange. For over a decade, Pat sold stocks at the retail and institutional levels and eventually became the Vice President of Equity Trading, with his firm in the top tier of the industry in Canada. Despite all this hard work, Pat is probably best known as the guy with the handlebar moustache!
Ian Bremmer
Bremmer's research focuses on US foreign policy, states in transition, and global political risk. 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. In 2001, Bremmer authored Wall Street's first global political risk index, now the DESIX (Deutsche Bank Eurasia Group Stability Index)--a joint venture with investment bank Deutsche Bank. Bremmer has also published over 100 articles and essays in International Affairs, The Harvard Business Review, World Policy Journal, The New Republic, The New Statesman, Fortune, 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, contributing editor at The National Interest, and a political commentator on CNN, FoxNews and CNBC.

Bremmer has spent much of his time, on a pro-bono basis, advising world leaders who share a commitment to a pro-engagement US foreign policy towards the developing world, including US Senators John Kerry (D-MA) and Lamar Alexander (R-TN), Japanese Foreign Minister Yoriko Kawaguchi, and former Russian Prime Minister Sergei Kiriyenko.

Bremmer received his PhD in political science from Stanford University in 1994. He went on to the faculty of the Hoover Institution where, at 25, he became the Institution's youngest ever National Fellow. He has held research and faculty positions at Columbia University (where he presently teaches), the EastWest Institute, Lawrence Livermore National Laboratory, and the World Policy Institute, where he has served as Senior Fellow since 1997. He lives in New York.

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.

Paul Chain
Mr. Chain is responsible for all aspects of marketing and sales. He has over 17 years experience in sales and portfolio management. Prior to joining AIS, Mr. Chain founded LWAM (Lone Wolf Asset Management, specializing in High Yield and Distressed Debt) and held senior sales and management positions at Lehman Brothers and Salomon Brothers. As a Senior Vice President at Lehman Brothers, he was responsible for sales of Fixed Income and Foreign Exchange products to High Net Worth families and Hedge Funds. At Salomon Brothers, Mr. Chain sold Fixed Income and Foreign Exchange products, as well as advised wealthy families on hedging techniques relating to their equity, interest rate and foreign exchange exposure. Mr. Chain graduated from Brown University with a BA in Economics.
Jonathan Chevreau
Jonathan Chevreau has been covering the personal finance and mutual funds scene since 1992 and is recognized today as one of Canada's foremost personal finance journalists. Before joining the Financial Post in March 1993, Chevreau did stints at Computing Canada, Technology and Telecom Writer, Report on Business, and StereoVideo Guide. His Personal Finance column appears on Tuesday, Thursday and Saturday.
Chris Choy
Chris has more than 16 years of experience in the investment industry and over 6 years’ experience in the alternative investment management field during which Chris has established the Group’s Research Team and directed the development of advanced computer systems for the evaluation and analysis of investments in the hedge fund industry.

Chris is the author of the book entitled “The Investment Techniques on Mutual Funds” in Chinese, and has lectured at the Chinese University of Hong Kong in Personal Finance course.

Chris has been awarded BA (Hons) degree by Loughborough University of Technology, and MBA by University of East Asia.
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.
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.

John M. Côté
John M. Côté is Senior Vice President for Investor Relations and Business Development at Paloma Partners Management Company in Greenwich, Connecticut. He joined Paloma in 2004 and is responsible for plan sponsors, endowments and institutional investors. Prior to joining Paloma, John provided capital markets and asset management consulting services for international institutions, including an assignment for Paloma in 2001 and 2002. Previously, he was a senior banker and board member for BZW Securities and Yamaichi Securities in Montreal and New York, where he led capital markets and asset origination for Canadian issuers and institutional investors as well as for US-based supranational institutions. John began his career as a commercial banker with Bank of Montreal before moving to the

 

corporate finance department of Richardson Greenshields in Montreal. John holds a BA in Economics from Université Laval in Québec City and an MBA in Finance from Université de Montréal’s École des Hautes Études Commerciales.
Anthony J. 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 recently completed a secondment with KPMG's Global Investment Management & Funds Practice in London, where his responsibilities included 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 has recently authored a number of articles on alternative investments and has participated in several hedge fund conferences as a speaker and panelist. 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.
Timothy Cunningham
Timothy Cunningham is the President of Touchstone Group, LLC, a global financial advisory firm involved in alternative asset marketing and corporate finance advisory services. Touchstone's principals have raised over $2 billion of institutional assets for a variety of alternative managers including hedge funds, private equity funds and venture capital funds. Touchstone has offices in New York, Philadelphia, Boston, San Francisco, and Dubai. Touchstone is the exclusive third party marketer in the Gulf for an Australian-based long-short equity manager with $1.3 billion AUM, as well as for a distressed debt manager with $625 million AUM.

In addition, Touchstone has brokered secondary sales of private equity partnership interests in the Gulf. At present, Touchstone is serving as the financial advisor to a $700 million revenue company that is in the process of going public in the UAE.
Mr. Cunningham has over 22 years of investment management experience as an institutional asset manager, alternatives consultant to major pension funds, and as a third-party marketer of alternatives to institutional investors. He has written two books on pension funds and retirement investing. Mr. Cunningham earned his BA (magna cum laude) from Williams College in Williamstown Massachusetts and his Masters In International Management (with highest honors) from The American Graduate School of International Management in Phoenix Arizona.

Jerome D. Davis
Jerry is the elected Employee Representative on the five-member board governing the New Orleans Municipal Employees’ Retirement System. As of January 1, 2005 this system has 3759 active employee members and 1690 retirees, supported by $385 million in assets under active external management. Jerry was first elected in 1986, when the System’s assets were $111 million. He became the Board’s vice-chairman and chairman of the Investment Committee in 1987, directing the transition from 100% fixed-income investments to the current 50% domestic equity, 10% International Equity, 30%0% Fixed-income and 10% Alternatives asset allocation. The system is 102% funded, with the lowest Employer contribution in the state. Jerry was elected by the board as its Chairman in 1994, and was re-elected to his seventh term on the board in March of 2005; only one public pension chairman in the United States has served longer.
In 2004, after nine years as co-founder of Louisiana’s first trustee-driven educational association for fiduciaries, Jerry is now leading another non-profit foundation geared to improve the funding ratios and investment practices of other pension funds, through application of the model practices he developed for New Orleans.
In 2002, Jerry retired with the rank of Commander after a career of 38 years in the Coast Guard and its Reserve component. He researched and wrote the first series of operating manuals for Coast Guard patrol boats, still in use today. He was part of the first team of six Combat Operations planners established in the Office of the Commandant; and he wrote the Emergency Operations Plan for the 26-state Eighth Coast Guard District for use during Operation Desert Storm. He earned 11 military decorations.
Jerry is a graduate of Tulane University with a degree in Psychology; he completed three years of graduate work in Clinical Sociology at the University of New Orleans. Employed by the City since 1971, in November of 1999 he was appointed to the position of Personnel Administrator, where he is now responsible for all training programs for the City’s 9000-member workforce. He has addressed over 100 audiences throughout the U.S., Europe and Australia, on topics as varied as Emergency Management, Logistics of Combat Operations, Trust Administration and various aspects of investment management. In 2003 he received the Dimino/Schneider Memorial Award for his contributions to better understanding of the Securities Lending marketplace.
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.

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.
Joseph Gill
Joseph P. Gill, CFA is Senior Vice President and Chief Marketing Officer of Highland Financial Holdings Group (HFH), a leading relative value hedge fund focused on the MBS and ABS markets. As Chief Marketing Officer, Mr. Gill is responsible for all marketing and investor relations activities globally.

Prior to joining Highland in 2005, Mr. Gill was a senior member of the marketing and relationship management team at BlackRock, Inc. in New York. While at BlackRock, he focused on the marketing and relationship management of the firm’s alternative and traditional strategies with institutional investors.

Mr. Gill joined BlackRock from Blackstone Alternative Asset Management where he was co-head of marketing, client service and product development in the firm’s fund of hedge funds group.

In addition, Mr. Gill’s experience includes seven years with JP Morgan Asset Management as a portfolio manager working on structured, long/short and market neutral portfolios. He began his career with Bank of Tokyo-Mitsubishi Asset Management in New York as an Assistant Vice President.

Mr. Gill received a B.A. in Economics from Saint Joseph’s University and holds the Charter Financial Analyst (“CFA”) designation.

Shelley F. Greenhaus
Shelley F. Greenhaus, age 52, is President and Principal of Whippoorwill Associates, Inc. He has spent his entire career investing in the debt instruments of bankrupt and troubled companies. His special area of expertise involves investments in the Private Claims segment of the distressed securities market.

Mr. Greenhaus began his business career in 1981, working as a financial advisor and portfolio manager in the private investment banking group of the William Rosenwald Family, one of the founders of Sears, Roebuck & Co. During his tenure there, he became a specialist in analyzing investment opportunities in corporate reorganizations, liquidations and special situations.

 

In 1983, Mr. Greenhaus joined Oppenheimer & Co., Inc. to concentrate on troubled company investing. While at Oppenheimer, he served as a portfolio manager for proprietary firm assets and other investment accounts. In addition, he participated in various merger transactions for Oppenheimer and consulted with corporate clients on bankruptcies and out-of-court restructurings. During his tenure at Oppenheimer, Mr. Greenhaus participated in the following bankruptcies and restructurings: Lionel Corporation, Servico Inc., Fruehauf Corporation, Kay Jewelers Inc., American Healthcare Management Inc., SCI Television Inc., Western Union Corporation, Coleco Industries Inc. and Wheeling-Pittsburgh Steel Corporation. In addition, he participated in the following transactions as an advisor to one of the creditors’ committees: Saxon Industries, Inc. and Continental Airlines Corporation.

From 1988 to 1994, Mr. Greenhaus served on the Board of Directors of Texscan Corporation and has also served on the boards of Barneys New York, Inc., Garden Way Incorporated and Marvel Enterprises, Inc.

Mr. Greenhaus left Oppenheimer in August 1990 to form Whippoorwill Associates, Inc. Whippoorwill Associates, Inc. is an investment adviser registered under the Investment Advisers Act of 1940. The firm currently manages investment funds and accounts for prominent institutional and individual investors from around the world.

Mr. Greenhaus holds an M.B.A. in Finance from New York University Leonard N. Stern School of Business and a B.A. in Political Science from York College-City University of New York.

Eric Gronningsater
Eric Gronningsater has over twenty-five years of experience in financial markets, working with both institutional investors and asset managers. Prior to joining PwC, Eric established and managed risk management functions for a major asset management firm and two global banks. While at PwC, he has been the project manager for a large pension plan sponsor that wished to refine their approach to risk and return across both traditional and alternative asset classes. He has also conducted extensive benchmarking studies on risk management practices among both traditional and alternative asset managers.

 

 

 

 


Farzine Hachemian
Celestar Capital Advisors, LLC is a global asset management boutique specializing in alpha-generation strategies for sophisticated institutional investors. The firm was founded in 2003 by the former co-heads of AXA Alternative Advisors, Inc., AXA Group's unit specializing in the creation of alternative asset investment strategies and products.

Farzine has over 13 years of experience in capital markets and asset management. Previously he was co-founder and co-head of AXA Alternative Advisors (1997-2003), AXA Groups fund of hedge funds group.

From 1996-1997, Farzine was AXA Group s liaison officer for its U.S. financial subsidiaries. From 1993-96, he was AXA Groups Treasurer, where he oversaw the financing programs and was in charge of hedging the interest rate risk and foreign exchange risk of AXA Groups balance sheet. Prior to that, he was Treasurer of Alpha Assurances, an AXA life insurance subsidiary in France. He began his career in 1991 as a junior trader of fixed income derivatives at BNP Paribas in Paris.

Farzine holds a post-graduate diploma (DESS) in Management from the University of Paris I Panthéon-Sorbonne and a Masters in Capital Markets Finance from CFPB-CERAM.

Walter Haslett
Bud Haslett's option expertise is derived from 20 years on the option trading floor of the Philadelphia Stock Exchange. While at the exchange, he served on the Business Conduct Committee, Marketing Committee, National Option Linkage Committee and as a board member of the Philadelphia Board of Trade.

Bud is a CFA charterholder and completed the Financial Risk Manager (FRM) certification.

He is past president (2003-2004) of the 1600 member Financial Analysts of Philadelphia and serves as Chairman of the Board of Regents for the Financial Analysts Seminar. Bud is an active volunteer of the CFA Institute, serving in a variety of capacities including exam grader and member of the Council of Examiners. He is a regional board member of Economics Pennsylvania, a member of the executive committee of Bishop Eustace Preparatory School, and a previous guest lecturer at Rutgers University.

Bud received graduate degrees from the University of Pennsylvania and Drexel University and lives in Mount Laurel, NJ with his wife and three daughters.

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 approximately C$300 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. He also holds the Chartered Alternative Investment Analyst (CAIA) designation.
G. Alan Hutton
Alan Hutton was appointed President and CEO of FundSERV Inc. on August 1st, 2001. He has been a member of FundSERV’s Board of Directors since 1998, following its purchase of Baynet from Star Data. Alan is Vice Chairman and a Director of the Canadian Capital Market Association and on the Executive Committee of CLIEDIS, the interoperability standards association for the Canadian life insurance industry.

Alan was previously associated with Star Data. He was instrumental in a major refinancing in 1991, a member of Star Data’s Board of Directors from 1992 and President and CEO from March 1996 until is acquisition by CGI Group Inc. in January 2001. In 1994,

as a nominee of Star Data, he was appointed Chairman and CEO of Multipath Business Systems, subsequently acquired by Star Data.

Alan has held a variety of progressive management positions in the information technology industry with TIL Systems, Amdahl Corporation, Multiple Access and IBM. He is an experienced solutions-oriented executive with proven respect for shareholders, customers and employees.

A native of Vancouver, Alan has lived and worked in Vancouver, Montreal, New York, Washington, London England and Toronto. Alan is married with three sons and is an active member of the community.

Matthias Knab
Matthias Knab, is a Director and Executive Editor of Opalesque Ltd., the publisher of the famed Opalesque Alternative Market Briefings. Opalesque Alternative Market Briefing is the premier hedge fund information service, read by 39,000 industry professionals and investors each day.

Matthias Knab studied computer science and psychology in Freiburg i.Br. and graduated in economy in Munich. He was working as a licensed FSA (UK) Securities Representative, FSA Futures and Options Representative and XETRA trader. Mr. Knab is a member of the German Association of Technical Analysts (VTAD).


Since 1989 he has been working as a consultant for major German institutions, most notably Allianz and Vereinte Versicherungen. 1998 he created and served as CEO Bvrsenakademie AG - the first German institution directed at offering educational services on investing themes. Matthias Knab also served as Managing Director at TradeStream Global AG, a technology firm developing trading solutions for institutions and hedge funds.
Ronald M. Kosonic
Ron is a Partner with Borden Ladner Gervais LLP, practising in the areas of corporate and securities law. His current practice is concentrated in the areas of hedge funds, investment management, securities regulation and regulatory compliance. He assists portfolio managers in the creation of new hedge funds, mutual funds, and other pooled fund products, and represents and advises portfolio managers, dealers and investment fund managers on ongoing legal compliance matters and regulatory audits; he also advises reporting issuers and investors with respect to continuous disclosure obligations. Mr. Kosonic has acted for issuers, institutional investors and venture capital firms in connection with early and later stage equity and convertible debt financing. He obtained his LL.B. from the University of Ottawa in 1986.

 

 

Ron is Co-Chair of the Legal and Finance Sub-Committee of the Canadian Chapter of the Alternative Investment Management Association (AIMA), an international hedge fund organization based in London. He was a seminar instructor for Canadian Securities Institute’s Partners’, Directors’ and Senior Officers’ Qualifying Exam course and Branch Managers’ Qualifying Exam course. Ron has also spoken on regulatory compliance and securities registrant liability matters. He is a contributing author to the new ISI Publication, ‘Starting a Hedge Fund – a Canadian Perspective.’
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).

Brian Kremer
Brian Kremer is responsible for managing Tremont’s Canadian retail sales and marketing operations and helping to establish and expand relationships with financial advisors and consultants across Canada.

Mr. Kremer has been involved in senior sales and marketing roles with large Canadian financial institutions over the past 8 years. Most recently, Brian was Vice President of Sales at Skylon Capital Corp. where he was instrumental in establishing Skylon as one of the fastest growing alternative investment firms in Canada.

Prior to Skylon, Brian worked at AIM Trimark Investments, one of Canada's largest mutual fund companies.

Brian holds an honours degree from York University in Toronto.

Richard Leibovitch
Mr Leibovitch, born in 1963, is a Canadian citizen. He joined Gottex in September 2003, as a Senior Investment Partner and Head of the North American Business. His responsibilities include co-managing Gottex’s fund of hedge fund portfolios, as well as client relationships for North America.

From 1985-1998 he worked at JP Morgan, starting as a foreign exchange trader and an asset and liability manager for Morgan Bank of Canada. In 1988, he joined the derivatives group in New York as the manager of the Canadian and Australian dollar swap books. In 1991 he was made responsible for the US dollar swap book, and subsequently become head of all US Interest Rate Derivatives Trading, working closely with Mr. Bennett and Mr. Bailey.


From 1993-1995 Mr. Leibovitch was Head of Trading of Morgan’s Mortgage-Backed Securities Business. From 1995-1997, Mr Leibovitch was responsible for the structuring and marketing of derivative products to investor clients, servicing many of the largest fixed income hedge funds.

In 1997, Mr Leibovitch moved to focus on the equities business as the Co-Head of Morgan’s North American Equity Derivatives business, where he was responsible for structuring and marketing equity derivative products to investor clients. In 1999, Mr Leibovitch joined Putnam Investments as Head of Derivatives. In 2000, he was given the additional responsibility of Global Head of Trading, where he oversaw the daily operations of both equity and fixed income trading. He directed the construction of all derivative-based strategies for Putnam and assisted in the refinement of risk methodologies for effective portfolio management. He was a member of Putnam’s Partners and Executive committees.

Mr Leibovitch has an Honors Bachelors Degree in Economics from McGill University and an M.Phil Degree in Economics from the University of Cambridge.

Tristram S. Lett
1970 Honours BA (Economics), York University1971 Masters Economics, London School of Economics

Tris has been involved with the development of quantitative investment strategies through most of his career; beginning at the Ontario Treasury where he was responsible for policy development of the CPP for the Province. Subsequently he joined J. B. Sparling & Co., one of Canada’s pioneer investment consulting partnerships, and spent 5 years providing investment consulting advice to major Canadian pension funds. The firm became registered as an investment counsellor and renamed Trafalgar Capital Management with Tris as the CIO and in 1983 began offering funds managed by firms selected and organized by the consulting arm.

The firm pioneered a number of quantitative and derivative-based strategies for pension funds in Canada. In 1992, Trafalgar began managing a sizeable fixed income arbitrage fund for a major investment dealer and a number of small insurance firms.

In 1989 Tris was elected to the Board of Governors (a voluntary position) of the Toronto Futures Exchange and in 1990 became the Chair, a position to which he was re-elected for five successive years. During this period, he was also a member of the TSE’s Index Committee and continues to maintain a strong interest in index issues. In late 2000, he joined YMG Capital Management as Vice President, Quantitative Investment Products and then headed up the Absolute Return Strategies Group which offered hedge funds in portable alpha strategies. Late in 2002 he was tapped by RBC to assist in the establishment and marketing of a range of hedge fund products. As well, he was to be a member of the Investment Policy Committee. In mid 2005 he co-founded Reef Knot Financial to provide services to the sell side of the hedge fund industry. The topic of his session relates to work he is doing for Integra Capital Corporation.

He is a frequent speaker at pension and investment conferences on quantitative and hedge fund risk management topics in the US and Canada and has authored many articles on hedge funds and other investment management topics for trade publications. He is a member of the Canadian Investment Review's Advisory Board and is a referee for the annual Barclays Global Investors Canada Research Award. Additionally he is Co-Chair of the Education and Research Committee for the Alternative Investment Management Association’s (AIMA) Canadian chapter and recently was elected Deputy Chair of AIMA’s Executive Committee. (www.aima-canada.org) He just joined the Board of the Fields Institute for Research into Mathematical Sciences (University of Toronto) as a non-academic director for a two year term.

Jérôme de Lavenere Lussan
Jérôme de Lavenere Lussan is the managing partner of Laven Partners LLP, a hedge fund strategic consultancy based in London. Laven Partners specialises in assisting new managers in setting up hedge funds, advises established management firms with business development and corporate finance transactions, and uses its broad network to introduce selected investors to relevant managers.

Jérôme was previously the Chief Operating Officer and director of marketing for Rhicon Currency Management, which managed over USD 250 million of assets, where he was responsible for operational matters and business development.


Jérôme started his career as a lawyer in England with Jones Day, a top ten global law firm, focussing on corporate finance and financial services. His broad background includes acting as legal and general advisor to the communication department of the French Presidency (1998), as well as involvement at prominent law firms in France and China.
Brian MacDougall
Brian MacDougall is Executive Director and co-founder of Oria Capital Ltd. Prior to founding Oria, MacDougall was managing director of sales and marketing for a Hong Kong fund of hedge funds company where he was responsible for developing new business, overseeing client service and hedge fund education and hiring and training a sales and marketing team. His efforts resulted in growth of $380 million (USD) in assets under management.

He also has held senior positions with a number of international institutions where he has been responsible for operations, sales and marketing.
Most recently, MacDougall was the director of business development for Forum Asia Ltd. where he developed long-term relationships with multi-national financial institutions, and assigned and managed work teams to deliver maximum results to client organizations.

MacDougall attended Capilano College,Vancouver where he studied marketing. He has earned several additional certificates relating to conflict resolution, negotiation, counseling and leadership development.
The Honorable Dr. Philippa Malmgren
Dr. Philippa Malmgren is the President of the Canonbury Group, a financial services firm based in London, which provides strategic market advisory services. Dr. Malmgren regularly visits with leading policy-makers in the US, Europe and Asia in order to discern how the global political and policy environment may influence prices in financial markets and the global economy. She serves as an interpreter who explains markets to policy makers and explains policy makers to the markets. Investors use her insights to manage their portfolios more profitably. Her clients include many of the largest investment banks, fund managers and hedge funds in the financial markets.

She is a member of the Board of Directors of three hedge funds managed by Swiss First which focus on Asian assets. She is a senior advisor to China Health Care Holdings, a Hong Kong listed Chinese company. And, she serves as the Chairman of the Royal Institute for International Affairs Working Group on Terrorism Risks to the World Economy. She is a member of the Aspen Strategy Group on Subcontinent Defense Issues.

She served as Special Assistant for Economic Policy to President George W. Bush and was a member of the National Economic Council after the 2000 election. During her time in the White House she was responsible for all financial market issues, including corporate governance issues when Enron occurred. She negotiated the anti-money laundering provisions of the Patriot Act and Sarbanes Oxley. She was a member of the President’s Working Group on Financial Markets and the President’s Working Group on Corporate Governance. She was in charge of liaison between the White House and all financial regulators including the Federal Reserve and the SEC. After September 11th, 2001 she participated in the White House Working Group on Terrorism Risks to the Economy.

Before joining the administration she lived in the UK, Europe and Asia for sixteen years. She was President of a financial markets advisory firm, Malmgren and Company, in London, England. Previously she was the Head of Political Analysis and the Deputy Head of Global Investment Strategy at UBS Warburg in London, England. Prior to that, she was the Chief Currency Strategist for Bankers Trust Company. She also headed the Global Investment Management business for Bankers Trust in Asia out of Hong Kong and ran the firm’s hedge fund sales operation in Scandinavia.

She has a B.A. from Mount Vernon College and an M.Sc. and a Ph.D. from the London School of Economics. She has also completed the Harvard Program on National Security. The World Economic Forum in Davos named Dr. Malmgren a Global Leader for Tomorrow in 2000. She is a Fellow of the French-American Foundation and a member of the Aspen Institute Strategy Group on India. She is a member of the Council on Foreign Relations, Chatham House and the Institute for International Strategic Security. Dr. Malmgren has also lectured at various universities including Duke University Business School, IMD and the MIT Sloan Fellows Program, Oxford, LSE, West Point and the National University of Singapore. She has been a frequent guest on financial television including CNN, CNBC and Bloomberg and a regular speaker at investor and business conferences including Fortune’s Most Powerful Women in Business, the World Economic Forum, Euromoney and Institutional Investor conferences, the Confederation of British Industries Annual Meeting, the Asia Pacific Economic Council Business Leaders Annual Meeting and various banking, asset management and industry annual meetings. She has also written for The International Economy and International Fund Investment Magazine and Institutional Investor.

Philip Manduca
Philip Manduca, Managing Director of Titanium Capital, has over 18 years experience in the hedge fund industry. He commenced his career at Merrill Lynch and Kidder Peabody, specializing in derivatives, before establishing Daiwa Securities in the fund of hedge fund sector in 1987, when he launched the first privately placed fund in Japan in 1988.

In 1990, he founded his own global macro business, with assets of just under $1bln, which was re-located to the UK in 1993. He was one of the few positive performing fund managers in 1994. In 1995 he diversified his activities into Emerging Europe.


In 1999, Forstmann Leff, a large US hedge fund firm asked him to build out their US operation in Europe, and he established a hedge fund business focusing initially on a Long/Short European equity strategy. He recruited the fund managers and established a global distribution structure in Japan, the Middle East and the USA.

In 2001, Mr.Manduca successfully sold this London based business to a Luxembourg bank.

Consequently, in 2002, Mr.Manduca established Titanium Capital's business model in London. Titanium Capital is a partnership owned business model, which ensures that the fund managers focus solely on money management, segregating all operational and business functions away from the fund management process, thereby optimizing returns. The partners at Titanium Capital have created a comprehensive model for a multiple fund product business aiming to diversify into additional products, which are each unique and focused in their own specific areas.

Titanium Capital currently has approximately US$500 mln of assets under management offering three different investment strategies, which are Emerging Markets, Global Event Driven (Ex US) and Commodities.

Mr. Manduca is a frequent speaker at industry conferences wordlwide, and appears regularly on CNBC, CNN and Bloomberg TV.

Robert McIntyre
Robert specializes in the formation, regulation and maintenance of investment funds established in the British Virgin Islands. He is a member of the Law Society of England and Wales, the British Virgin Islands Bar Association and the British Virgin Islands Mutual Fund Practitioners Association. Robert worked for Sampson Wood in London. In 1996 he joined Smith-Hughes, Raworth & McKenzie and was made a partner in 2000. He became a partner of Maples and Calder 2004.
He holds an LLB Hons. degree from Anglia University was admitted as a solicitor in England and Wales in 1994 and admitted as an attorney-at-law in the British Virgin Islands in 1996.
Iain McMurdo
At Walkers Iain McMurdo has 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.

Recent transactions have included advising on all aspects of Cayman law, 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 recently represented Ripplewood Holdings LLC and RHJ International in Ripplewoods successful spin-off of its Japan investments, excluding Shinsei, into a new holding company called RHJ International which was listed on Euronext, the Brussels based Exchange. The transaction was valued at approximately $10bn.

Iain has recently advised Hellman & Friedman in connection with the acquisition of Universal Underwriters Group from Zurich Financial Services Group in a transaction valued at approximately $1bn. He also represents TowerBrook Capital Partners, a transatlantic private equity firm with $1.3bn of assets under management, which recently spun out of Soros Asset Management Group.

Miklos Nagy
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.
Ahmet H. Okumus
Ahmet Okumus is the founder and President of Okumus Capital. Okumus Capital provides professional portfolio management for high net worth individuals, institutions and corporations through hedge funds and separate managed accounts. Ahmet Okumus founded the firm on the belief that through hard work, intensive research, discipline and opportunism, one can achieve an above average level of success in the stock market. He established the firm in 1997 and has served as President and Portfolio Manager since its formation. Ahmet oversees the research team and provides leadership and strategic direction for the firm. Prior to starting Okumus Capital, he had been managing money privately.
Ahmet has over 18 years of experience in research and security analysis. He is a staunch disciple of Graham & Dodd style of value investing. His track record has consistently been at the very top of all US equity managers. His talent has been recognized by financial media and he was featured as one of America’s top stock investors in Jack Schwager’s book “Stock Market Wizards”. Okumus Capital currently manages in excess of $700M USD.
Gary Ostoich
Gary Ostoich is a partner in the derivatives and structured products group of the law firm of McMillan Binch Mendelsohn LLP in Toronto. While remaining a partner at McMillan Binch Mendelsohn LLP, he joined the Toronto based hedge fund manager Salida Capital Corp. where he is acting as president and chief operating officer.

Gary’s role within Salida involves primarily four areas: legal input on structured trades/compliance, overseeing existing business lines and new product development, interaction with institutional investors and strategic advice regarding maintenance/growth.

His legal practice at McMillan Binch Mendelsohn LLP now involves special counsel work in the areas of domestic and off-shore structured financings/investments/derivative products.

Gary sits on a number of advisory and educational boards relating to the hedge fund industry. Gary sits on the executive of the Alternative Investment Management Association in addition to being a member of the International Swaps and Derivatives Association in New York and the Managed Funds Association in Washington. Gary is included in LEXPERT’s Guide to the Leading 500 Lawyers in Canada. He has written and spoken extensively about derivatives and hedge funds and most recently appeared before the Senate Banking Committee on hedge fund regulation.

Andrew Parkinson
Andrew is responsible for the operations of the company and its investment portfolios. Prior to joining Van Arbor, Andrew was the president and compliance officer of Cundill Investment Research Ltd. Previously, Andrew was a consultant to the securities industry. Andrew provided expertise to securities commissions, brokerage houses, custodians, transfer agents and mutual fund firms and has worked with a financial futures exchange and a merchant bank.

 

 

Andrew currently is also a Director of the Canadian Capital Markets Association (CCMA), representing the Investment Counsel Association of Canada and is the Vice-Chair of the International Financial Centre (IFC) British Columbia, a lobby group set up to encourage offshore financial activity to be transacted in British Columbia.

Andrew is a Fellow of the Canadian Securities Institute (FCSI), and holds an MBA (Finance) from City University Business School in London, England and a Bachelor of Education from the University of Calgary.

Mark Purdy
Mr. Purdy serves as Chair of the Investment Committee at Arrow Hedge Partners Inc. and has over 10 years experience in the investment industry. Mr. Purdy is Managing Director, Portfolio Management at Arrow Hedge Partners. Mr. Purdy shares responsibility for the hedge fund manager selection and asset allocation process and has served on the Investment Committee at Arrow Hedge Partners since inception. Mr. Purdy held senior roles at BPI Financial Corporation and IBM Canada Ltd.

Mr. Purdy graduated from the University of Toronto with a Bachelor of Commerce and Economics degree. He holds the CFA designation. Mr. Purdy is also actively involved in the Varsity Blues alumni fundraising projects at the University of Toronto and is Vice-Chairman on the Board of The Ireland Fund of Canada.

 

 

 

 

 

 


Pascal Roduit
Mr. Roduit is responsible for quantitative research at both the single manager and the portfolio construction level.

Prior to joining Pine Grove Associates Inc., Mr. Roduit was a Senior Portfolio Manager and Strategy Analyst at Weston Capital where he was responsible for managing private label hedge fund of funds portfolios.

Prior to Weston Capital, Mr. Roduit was employed by Atilma Capital Management LLC where he was a Managing Partner responsible for customizing hedge fund portfolios to private clients and institutions.

Previous to Atilma, Mr. Roduit worked at J.P. Morgan Securities Inc. where he served as Vice President of International Private Banking and was a member of the Market Strategy Group and the Hedge Fund Advisory Desk.

Mr. Roduit earned a Bachelor of Science in Business Administration from The American University and an MBA in Finance from The American University

 

 

 

 

 

 


David Rothberg
David Rothberg co-founded Niagara Capital Partners in March 2004. He has worked exclusively in what is now called the “Alternative” part of the investment business beginning in 1976. Most recently he created the Managed Currency Account Program at Friedberg Mercantile Group.
Mr. Rothberg ran his own brokerage firm in the late 1970s. He has been contributing editor of Friedberg’s Commodity & Currency Comments, a global macro letter of research and analysis. In 1999 he created and acted as the administrative manager of the Skill Based Managers Fund, one of Canada’s first fund of funds.
Mr. Rothberg holds an undergraduate degree from Carleton University and attended Université d'Aix-Marseilles in France.

 

 

 

 

 

 


David Rudd
David started his activities as a Consultant with the Pension advisory firm Tomenson-Alexander. In 1979, he moved to Merrill-Lynch as a Futures Broker. He and his associates developed a significant institutional futures and derivatives trading operation in Canada; first with Dean Witter Canada, as a Vice President, and then as Senior Vice President with Refco Futures. He founded Sigma in 1999 in association with Prof. Luis Seco of the University of Toronto. Sigma currently has a staff of 7 researchers/risk managers and is located at The Fields Institute For Research Into Mathematical Sciences.

 

 

Sigma is a risk management consultant and investment manager for family offices and institutions and also acts as an allocator/ investor in alternative investments. Sigma is a registered investment counselor, portfolio manager and commodity trading manager

Past Activities:

Member of the Board of Directors of the Toronto Futures Exchange (1997-1999), now part of the Montreal Stock Exchange.

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 its successful evolution into an integral part of Canadian Capital market.

Authored many articles for various publications on investment risk, alternative investments and energy risk for: Benefits Canada, Canadian Investment Review, Treasury Management Association, Canadian Securities Institute (Co-author of text book), Pension and Benefits Monitor, Canadian Hedge Watch etc.

As well, he has spoken on various derivative and hedge fund topics throughout the years.

Margaret M. Samuel
Margaret Samuel is Chief Investment Officer and Portfolio Manager of Quadrexx Asset Management Inc. with responsibility for managing portfolios and overseeing Quadrexx’s investment activities.

Margaret Samuel has over eleven years’ experience at major Canadian investment institutions. She has served as portfolio manager, investment advisor, equity analyst and vice president and has managed long-only and long-short funds. She has analyzed, traded and managed money market, fixed income, common equity and derivative hedging instruments and portfolios, gaining in-depth experience in fundamental, technical and quantitative disciplines.

 

Ms Samuel holds a BA (Distinction), an MBA and an LLB from the University of Alberta. She is also a Chartered Financial Analyst and a member of the Toronto CFA Society.
Reza Satchu
Mr. Satchu has founded and built several successful businesses and has been a personal investor in hedge funds for the past seven years. He is Co-Founder and Managing Director of Stellation Asset Management, a New York based hedge fund of funds that manages capital on behalf of selected high net worth individuals and endowments.

The partners of Stellation Asset Management are significant investors in the fund and have extensive investment experience in commodities, public equities and quantitative trading. The firm selects funds that target inefficient and mispriced markets and assets, including small cap stocks, distressed debt, international markets, commodities and quantitative and high-frequency trading approaches.

The firm also utilizes proprietary risk management techniques that allow investors to optimize beta exposures across their personal portfolios.

Prior to establishing Stellation Asset Management, Mr. Satchu founded Suppliermarket, a leading procurement software company that employed over 225 people and sold products to Fortune 500 companies. Investors in Suppliermarket included Sequoia, KKR and Onex. Together with his two co-founders, Mr. Satchu sold Suppliermarket for over $1 billion in liquid value.

Mr. Satchu was also a General Partner and Managing Director of Fenway Partners, a $2 billion private equity firm focused on acquiring and improving underperforming branded businesses, including Simmons Mattress, Harry Winston and Duncan Hines. Mr. Satchu began his career in high yield finance at Merrill Lynch & Co. in New York.

Mr. Satchu has a BA from McGill University and an MBA from the Harvard Business School. Mr. Satchu sits on several boards and is currently a Visiting Professor at University at Toronto where he teaches a course on Entrepreneurship.

Karsten Schroeder
Karsten Schroeder is the CEO of Amplitude Capital and the portfolio manager for the Amplitude fund. He oversees all the key decisions related to product development, trading ideas and strategy for the Amplitude's range of funds. He had been working on the development of the system for five years until the foundation of Amplitude Capital. Karsten was with McKinsey where he was involved in a number of key Corporate Finance projects involving blue chip European clients. Karsten finished his pre diploma in Computer Science and Business at the European Business School from 1997-99. He finished his diploma in Business administration at the HHL and this included an international year out at the Australian Graduate School of Management. Karsten has a private pilot license and loves flying.

 

 


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.
Gary Selke
Gary P. Selke is the Chief Executive Officer and President of Front Street Capital.

Mr. Selke formed Front Street Capital in 1996 with Mr. Lamarche.

From 1981 until 1996, Mr. Selke was employed by RBC Dominion Securities Inc. During that period, he was a managing director in the investment banking department where he concentrated on public and private financings for three years, debt restructurings for two years, worked in the firm’s equity syndication area for three years, worked in the capital markets group for two years, and headed the firm’s corporate finance team in the United States and managed the securitization team.

 


From 1993 to 1996, Mr. Selke worked in the institutional equity department in the sales area where he provided services to all types of institutional clientele including mutual funds, pension clientele, life insurance companies, investment counselors, and high net worth money managers.

Mr. Selke holds a Bachelor of Commerce degree from the University of Toronto and is a Chartered Accountant.

Eric Sprott
Eric Sprott has accumulated over 35 years of experience in the investment industry. After completing his undergraduate degree at Carleton University and earning his designation as a Chartered Accountant, Eric entered the investment industry as a research analyst at Merrill Lynch.
In 1981, he founded Sprott Securities Inc. (SSI), which has become one of Canada's largest independently owned institutional brokerage firms. At SSI, Eric was Chief Executive Officer and Chief Investment Officer and directed the investment strategy of the firm. After establishing SAM in August 2000 as an entity separate from SSI, Eric divested his entire ownership of SSI to its employees and chose to focus his sole attention on the investment management business. Eric's investment management abilities are well represented by the exceptional historical performance of Sprott Funds and Sprott Managed Accounts. Furthermore, his prescience on the state of North American financial markets has been captured throughout the last several years in a monthly investment strategy article he authors titled "Markets At A Glance".
Ken Stern
Ken is president of Toronto based 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 1999, Ken has focused his investment practice on Alternative Investments. He is continuously upgrading his own education, 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. Ken is a founding member of the Academic Certification Board for the newly minted Chartered Alternative Investment Planner (CHAIP) designation sanctioned by the Investment Funds Institute of Canada (IFIC).

Ken has had numerous speaking engagements, most recently as a featured speaker at the June 2005 Million Dollar Round Table Annual Meeting in New Orleans Louisiana.

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.

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.

Mario Therrien
Since August 2002, Mario Therrien has been President of CDP Capital - Tactical Alternative Investments, a business unit that specializes in management of international hedge funds. In this capacity, Mr. Therrien oversees a team whose mandate is to develop strategies using hedge funds.

Mr. Therrien joined CDP Capital's Tactical Investments Department in 1992 as a Financial Analyst. He was subsequently promoted to Assistant Manager and Manager. In January 1999, he was appointed Vice-President of CDP Capital - Varan Tactical Asset Management, a fund that specializes in management of international tactical investments.

The Varan Fund's main mandate is to offer portfolio management services to an external clientele. In that capacity, Mr. Therrien developed tactical asset allocation strategies for CDP Capital using a portfolio of derivatives.

Mario Therrien has a bachelor's degree in economics and a master's degree in finance from the Université de Sherbrooke. He has also completed the Canadian Securities Course given by the Canadian Securities Institute and obtained the chartered financial analyst (CFA) designation from the Institute of Chartered Financial Analysts.

Mr. Therrien is a member of the Montréal Society of Financial Analysts.

Bob Thompson
Bob Thompson is an Alternative Investment Strategist at Canaccord Capital Corporation. In this capacity, Mr. Thompson is responsible for hedge fund strategy, hedge fund portfolio allocation, and education. Mr. Thompson is noted for making the subject easy to understand.

Mr. Thompson appears regularly on REPORT ON BUSINESS TELEVISION, has been profiled in HEDGEWORLD.COM, CanHedge, Canadian Hedge Watch, Investor’s Digest, and various other publications. In addition, Bob has been a syndicated financial columnist in Western Canada for seven years, and is a regular columnist in the National Post.

In conjunction with his quantitative hedge fund duties, Mr. Thompson speaks frequently on portfolio allocation, and reducing risk in high net worth portfolios using non-correlated assets. Mr. Thompson maintains a book of institutional and private hedge clients, and is a Chartered Alternative Investment Analyst (CAIA) Program candidate.
Luc Van Hof
After receiving graduate degrees in finance, econometrics, and operational research from Brussels University in 1981 Luc Van Hof began his career as a financial consultant for Deloitte in Brussels, then became assistant treasurer at the European Commission.

In 1988 he started working in the City and became Vice President equity derivatives at Bankers Trust International (London) and subsequently at Morgan Stanley London.

He established Analytic Investment Management (A.I.M.) in 1990. At present Mr. Van Hof is CEO of both AIM Trading and AIM Research.

At AIM Research he is responsible for the design and development of trading programmes.

At AIM Trading he actively participates in the trading and management of all funds and accounts under management, currently around USD 500 Mln.

Mr. Van Hof is also an assistant professor of investment management at Brussels University and a lecturer at the Belgian Bankers Academy. He teaches Master Classes on Hedge Funds and gives seminars on derivatives trading and money management.

Peter C. Warren
Peter C. Warren (50) began his career in the financial markets in 1980 trading commodities for Rudolf Wolff & Co. In 1981 he was appointed Secretary of the Oslo Stock Exchange.

In 1982 he joined the research firm Vogt & Vogt Bourseanalysis in Norway as partner and Head of Research. The company was bought by Christiania Bank (now Nordea) in 1983.

In 1987 Peter Warren left the company and established the Norwegian Equity Options Market. His company, Moorgate Options, was the first options market maker in Norway. At the same time he helped establish the Norwegian Clearinghouse for futures & options, and he remains to this day one of their largest individual shareholders.

Moorgate Options was bought by Finance Bank of Norway in 1995 and Mr. Warren was first appointed Chief Dealer Derivatives and later Chief Dealer for all areas of the bank with particular responsibility for proprietary trading. In 2002 he left the bank and founded WarrenWicklund Asset Manage¬ment together with Bjorn Wicklund, a former partner in Moorgate Options. WarrenWicklund Asset Management today has two fund of hedge funds and several single manager funds and mandates within the absolute return area. AUM is US$700 million.
Jerry S. White
Jerry White is the former National Director of 2 of Canada’s largest accounting firms and President of their consulting groups.

He has also been a professor of business strategy at the University of Toronto, College of Human Services in New York, International Management Centre in England, and most recently taught in the MBA/CFA course at Concordia. He also has three graduate degrees in business and both Canadian and U.S. accounting designations.

 

He is the author or co-author of 40 books on taxation, finance and investment, such as The Barron’s Dictionary of Canadian Finance and Investment Terms and The Art of the Turnaround (in conjunction with the Canadian Management Association).

He has consulted to the hedge fund industry since 1999 on business and marketing strategy and currently directs the financial marketing consulting practice for AmFex Media. He is also the founder of the Canadian Institute of Personal Finance.

His latest book (2005) is The X-Factors: Exceptional Strategies for Extraordinary Times
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.