Global ARC Singapore 2012

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In February, with the cooperation of the Monetary Authority of Singapore , we are excited to hold our first meeting in Asia - at the Ritz-Carlton Millenia Hotel Singapore from February 20th-22nd, 2012 …

In February, with the cooperation of the Monetary Authority of Singapore , we are excited to hold our first meeting in Asia - at the Ritz-Carlton Millenia Hotel Singapore from February 20th-22nd, 2012 . The meeting will be attended by His Excellency Mr Lee Kuan Yew, Nobel Laureates Professor Joseph Stiglitz and Dr. Muhammad Yunus, several leading economists and institutional investors from Asia and around the world.

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  • 1. The Inaugural Global ARC Singapore Where the Global Pension, Endowment and Hedge Fund Communities Meet “ Hedge funds are paying increasing attention to Asia… Hedge funds follow the money and more of the deep pockets of the world are in Asia. The big investment funds of Singapore are large hedge fund investors, as is the CIC and the pension funds of New Zealand and Australia. While the state pension funds in the US are slowly increasing their allocation to hedge funds, the size of their coffers is being swiftly eclipsed by those across the Pacific.” The Financial Times, July 21st 2011 Keynote speakers include, sorted alphabetically by surname: Professor Brahma Chellaney - India The Rt. Hon. Lim Hng Kiang M.P. - Singapore Professor of Strategic Studies, Centre for Policy Research, Minister of Trade and Industry, Government of Singapore Author of ‘Water: Asia’s New Battleground’ and Deputy Chairman, Monetary Authority of Singapore ‘Asian Juggernaut: The Rise of China, India and Japan’ Board Director, Government of Singapore Investment Corporation (GIC) Professor Fan Gang – China Professor Pan Wei – China Secretary General, China Reform Foundation Director, Center for Chinese and Global Affairs, Director, National Economic Research Institute (NERI) Professor of International Studies, Peking University Professor, Graduate School of Chinese Academy of Social Sciences (CASS) Professor Niall Ferguson – USA/UK Professor Ajay Shah - India Laurence A. Tisch Professor, Harvard University, Professor of Public Finance and Policy, William Ziegler Professor, Harvard Business School, Senior National Institute of Public Finance and Policy Research Fellow, Jesus College, Oxford University His Excellency Lee Kuan Yew – Singapore Professor Joseph Stiglitz - USA Minister Mentor, 2004-2011, Senior Minister, 1990–2004, 2001 Nobel Laureate for Economics Prime Minister, 1959-1988 University Professor, Columbia University Government of Singapore Chief Economist, The World Bank, 1997-00 Chair, President Clintons Council of Economic Advisors, 1995-97 Dr. Cheng Li - USA Professor Muhammad Yunus - Bangladesh Director of Research, John L. Thornton China Center, Brookings Institution 2006 Nobel Laureate for Peace Director, National Committee on US-China Relations Author of ‘Banker to the Poor’ Plus, over sixty institutional investor speakers from sixteen countries already confirmed Lead Sponsors: Sponsors:Monday 20th, Tuesday 21st and Wednesday 22nd February 2012 • The Ritz Carlton Millennia Hotel, Singapore
  • 2. Global ARC Singapore Overview The Inaugural About Global ARC Global Absolute Return Congress Singapore Where the Global Pension/Endowment and Hedge Fund Communities Meet Founded in 2002, Global ARC convenes meetings of the world’s foremost pension funds, sovereign wealth funds, endowments, foundations and asset managers to discuss macro- 20th, 21st and 22nd February 2012 • The Ritz Carlton Millennia Hotel, Singapore economic developments, capital markets, and alternative investments. “ Hedge funds are paying increasing attention to Asia… Hedge funds follow the money Global ARC is an independent organization, wholly owned by its founder David Stewart. and more of the deep pockets of the world are in Asia. The big investment funds of Global ARC is not affiliated with any media company or with any individual supplier to the Singapore are large hedge fund investors, as is the China Investment Corporation and investment industry. the pension funds of New Zealand and Australia. While the state pension funds in the US are slowly increasing their allocation to hedge funds, the size of their coffers All Global ARC gatherings are held strictly off-the-record with no media in attendance. is being swiftly eclipsed by those across the Pacific.” The Financial Times, July 21st 2011 Locations for past and forthcoming Global ARC meetings include Boston, San Francisco, Singapore and London. Dear Executive, The dates for Global ARC’s meetings in 2012 are: As Asian economies continue to grow in importance, its pensions, sovereign wealth • The Ritz Carlton Millennia, Singapore, February 20th to 22nd 2012 funds, and government agencies have begun to dramatically expand their investment • The Landmark Hotel, London, May 21st to 23rd 2012 programmes. • The Hyatt Regency, Boston, October 15th to 17th 2012 Many are now beginning to explore alternative investments such as hedge funds, If you have any program or sponsorship enquiries regarding Global ARC commodities and private equity: please contact David Stewart at david@global-arc.net and +1 (778) 938 8202 or • Between 2010 and 2011 Asian institutional investor assets grew 36% to nearly Christopher Holt at christopher@global-arc.net and +1 (905) 873-1893 or USD 7.4 trillion. During this period, the amount managed externally doubled to Samantha Allwork at samantha@global-arc.net. over USD 1.1 trillion1. • The proportion of Asian institutional investors who have hired, or are expecting Please check our website www.global-arc.net for updates as we confirm additional to hire, single manager hedge funds nearly tripled between 2010 and 2011. keynotes in the coming months. Global ARC Singapore will provide senior level decision makers from the institutional investor community and the hedge fund with a venue in which to discuss these issues in depth. Yours sincerely David Stewart Founder, Global ARC 1 Greenwich Associates 2011 Institutional Investment Trends in Asia2 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 3. Global ARC Singapore’s Keynote SpeakersSorted alphabetically by surnameProfessor Brahma Chellaney - India Professor Niall Ferguson – USA/UKProfessor of Strategic Studies, Centre for Policy Research, Laurence A. Tisch Professor of History, Harvard University,Author of ‘Water: Asia’s New Battleground’ and William Ziegler Professor of Business Administration, Harvard Business School,‘Asian Juggernaut: The Rise of China, India and Japan’ Senior Research Fellow, Jesus College, University of Oxford Professor Chellaney is widely regarded as one of India’s leading strategic thinkers and Named by TIME Magazine as one of the ‘100 Most Influential People in the World,’ Niall analysts, and is also a well-known newspaper and television commentator on international Ferguson is one of the world’s leading historians of the global economy. His book, ‘The affairs He is one of the authors of India’s nuclear doctrine and its first strategic defense Ascent of Money: A Financial History of the World’, is an international bestseller and the review. He was an adviser to India’s National Security Council and served as Convenor of basis for a multipart television documentary which aired on PBS in the U.S. and the BBC the External Security Group of the National Security Advisory Board, as well as member in the UK. His most recent book ‘Civilisation: The West and the Rest’, is currently being of the Board’s Nuclear Doctrine Group. Professor Chellaney is the author of six books, made into a TV documentary series by Channel 4. Published in 2011, Civilization: The West with the latest being Water: Asia’s New Battleground (Georgetown University Press, and the Rest examines what Ferguson calls the most “interesting question” of our day: Washington, DC) which examines how the battle over increasingly scarce water resources “Why, beginning around 1500, did a few small polities on the western end of the Eurasianis in danger of becoming the geopolitical trigger point in Asia. He is also the author of the international landmass come to dominate the rest of the world?” The historical themes explored by Niall Ferguson havebestseller, Asian Juggernaut: The Rise of China, India and Japan (HarperCollins, New York). The book urgent relevance to the present as well as the past: the costs and benefits of economic globalization; thefocuses on how a fast-rising Asia has become the defining fulcrum of global geopolitical change, with interface between finance and politics; the strengths and limitation of American global power; the shiftingAsian policies and challenges now shaping the international security and economic environments. Central of economic power from the west to east; and most recently the parallels between the Great Depressionto this analysis is an examination of the geopolitics of the China-India relationship. He writes opinion of the 1930s and our current Global crisis. Niall’s work regularly appears in the New York Times, thearticles for the International Herald Tribune, Wall Street Journal, The Japan Times, The Times of India Wall Street Journal, and in The Financial Times, where he also serves as a contributing editor. As well asand The Economic Times, Professor Chellaney holds a Ph.D. in International Arms Control. Professor teaching at Harvard University and Harvard Business School, he also serves as an advisor to GLG Partners,Chellaney has held appointments at the Harvard University, the Brookings Institution, the Johns Hopkins a Senior Fellow at the Hoover Institution, Stanford and Senior Research Fellow at Jesus College, UniversityUniversity’s School of Advanced International Studies and the Australian National University. of Oxford. Niall holds a PhD in History from University of Oxford.Professor Fan Gang – China His Excellency Lee Kuan Yew – SingaporeSecretary General, China Reform Foundation Minister Mentor, 2004-2011, Senior Minister, 1990–2004, Prime Minister, 1959-1988Director, National Economic Research Institute (NERI) Government of SingaporeProfessor, Graduate School of Chinese Academy of Social Sciences (CASS) Professor, Graduate School of Chinese Academy of Social Sciences (CASS) Professor Fan Gang is one of China’s most influential economists, one of China’s Lee Kuan Yew served as the first Prime Minister of the Republic of Singapore, governing leading reform advocate and has been repeatedly ranked in Foreign Policy magazines’ for three decades from 1959 to 1988. By the time he chose to step down in 1988, to enable “world’s top 100 public intellectuals”. His remarks are closely followed for clues about a stable leadership renewal, he had become the world’s longest-serving Prime Minister. how Chinese leaders are thinking about the global economy. Based in Beijing, he is the As the co-founder and first Secretary-General of the People’s Action Party (PAP), he led Director of the National Economic Research Institute (NERI) and Chairman of the China the party to eight victories from 1959 to 1990, and oversaw Singapore’s transformation Reform Foundation, China’s first economic think-tank. Trained at the Chinese Academy from a relatively underdeveloped colonial outpost with no natural resources into a first of Social Science (CASS) and Harvard University, he is also a professor at several top world nation with one of the highest per capita incomes in the world and a public service universities in China. Professor Fan Gang is a respected advisor to China’s leadership on internationally lauded for its efficiency and probity. Lee Kuan Yew was appointed Senioreconomic reform and strategic development. He provides advice to various departments of the Chinese Minister by Singapore’s second prime minister, Goh Chok Tong, in 1990, before becoming Minister Mentorcentral government, provincial governments as well as Chinese and international organisations. Among when Lee Hsien Loong, became the nation’s third prime minister in 2004. With his successive ministerialthe long list of advisory positions he holds, he sits on the Advisory Committee of the Ministry of Labor positions spanning over fifty years, Lee Kuan Yew is also one of history’s longest serving ministers. Leeand Social Security of China, the Advisory Committee of the Hong Kong Center for Monetary Policy and Kuan Yew has remained one of the most influential political figures in South-East Asia and is renownedis a member of the Monetary Policy Committee of the People’s Bank of China, is an advisor to the State for his geostrategic vision, Dr. Henry Kissinger has recently stated that “I’ve not learned as much fromForeign Exchange Administration of China. Professor Fan Gang is a consultant to the World Bank, UNDP, anybody as I have from Mr Lee Kuan Yew;” whilst President Barack Obama has described Lee Kuan Yew asESCAP and to the OECD. He has written over 100 academic papers published in Chinese and English “One of the legendary figures of Asia in the 20th and 21st centuries. He is somebody who helped to triggerjournals and more than 200 articles in newspapers and magazines published around the world. He is the the Asian economic miracle.” Lee Kuan Yew graduated with First Class Honours in Law from Cambridgeauthor of eight books so far. He holds a PhD in Economics from Harvard University. University in 1949, with a star for ‘Special Distinction’ in the final examinations. This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 3
  • 4. Dr. Cheng Li – USA Professor Pan Wei – China Director of Research, John L. Thornton China Center, Brookings Institution Director, Center for Chinese and Global Affairs, Director, National Committee on US-China Relations Professor of International Studies, Peking University Professor, Graduate School of Chinese Academy of Social Sciences (CASS) Professor, Graduate School of Chinese Academy of Social Sciences (CASS) Dr. Cheng Li grew up in Shanghai during the Cultural Revolution. In 1985 he came to Peking University’s Professor Pan Wei is one of the most influential and original political the United States, where he received an M.A. from UC Berkeley and a Ph.D. in Political thinkers within China. He first came to international prominence in 2003 with his paper Science from Princeton University. Dr. Li is the author or the editor of Rediscovering ‘Consultative Rule of Law’ that laid out a road map for China to retain one-party rule in China: Dynamics and Dilemmas of Reform (1997) China’s Leaders: The New Generation the indefinite future, arguing for a political path that would focus on establishing the rule (2001), Bridging Minds Across the Pacific (2005), China’s Changing Political Landscape of law and honest government, without democratic reform. As Chinese thinkers have (2008), and China’s Emerging Middle Class (2010). He is frequently called on to share grown more confident interest has grown in the search for a ‘China model’ of political and his unique perspective and insights as an expert on China and has recently appeared on economic development interests better suited to the particular needs of China, and with CNN, C-SPAN, the BBC, Voice of America, the PBS NewsHour, Charlie Rose, Foreign this interest in the ideas of Professor Pan have also grown. Professor Pan is Director, of Exchange with Fareed Zakaria, and NPR’s Diane Rehm Show. He has been featured in The New York Peking University’s Center for Chinese and Global Affairs and a professor of political science at the School Times, The Washington Post, the Wall Street Journal, Time, The Economist, Newsweek, Business Week, of International Studies, Peking University. Peking University (also known as ‘Beida’) is the foremost Foreign Policy and numerous other publications. Dr. Li has been a recipient of fellowships or research university in China and regularly features in the top 50 universities in the World. The School of International grants from the Smith Richardson Foundation, the Freeman Foundation, the Peter Lewis Foundation, the Studies (SIS) of Peking University, is the first such school set up in a Chinese universitiy. It is an important Crane-Rogers Foundation, the Emerson Foundation, the US Institute of Peace, HK Institute of Humanities teaching and research platform devoted to the training of specialized talents in international studies, and Social Sciences, and the Chiang Ching-Kuo Foundation. Dr. Li is also a columnist for the Stanford international political economy and diplomacy. Professor Pan has also taught at the University of California, University Journal China Leadership Monitor. Dr. Li has advised a wide range of government and business Berkeleyand the Graduate School of International Studies at Denver University. He is the author of several organizations on working in China. He is an advisor to the World Bank, a member of the Academic Advisory books and numerous academic articles on Chinese political and social development and international Group of the Congressional U.S.-China Working Group and a member of the Council on Foreign Relations. comparative politics. Pan Wei holds a Ph.D. in Political Science from University of California, Berkeley. The Rt. Hon. Lim Hng Kiang M.P. – Singapore Professor Ajay Shah – India Minister of Trade and Industry, Government of Singapore, Professor of Public Finance and Policy, Deputy Chairman, Monetary Authority of Singapore National Institute of Public Finance and Policy Board Director, Government of Singapore Investment Corporation (GIC) Professor, Graduate School of Chinese Academy of Social Sciences (CASS) Lim Hng Kiang has served as Singapore’s Minister for Trade and Industry since 2004 and Ajay Shah is one of the most influential economists in India. The Indian Business Standard as a member of Cabinet since 1999. The Ministry Of Trade and Industry is responsible has listed him as one of the ‘Experts who wield enormous influence in their fields’ and the for directing the formulation of policies related to the development of trade and industry Indian Express recently listed him amongst the Top 10 economists in its ranking of ‘The in Singapore. In addition to his ministerial position, Lim Hng Kiang is also the Deputy Most Powerful Indians in 2010.’ Since 2007 he has served as Professor at the prestigious Chairman of the Monetary Authority of Singapore (MAS) and a Board Director of the National Institute for Public Finance and Policy in New Delhi. The National Institute for Government of Singapore Investment Corporation (GIC,) which was established by the Public Finance and Policy is an Indian agency linked to the government which conducts Government of Singapore to manage Singapore’s foreign reserves. Lim Hng Kiang was research on public finance and contributes in the process of policy-making relating to first elected to Parliament in 1991 as an MP for the Tanjong Pagar Group Representation public finance. Ajay Shah is co-head of the The National Institute for Public Finance and Constituency. Since 1997, he has represented the West Coast Group Representation Constituency. Lim was Policy-Department of Economic Affairs Research Programme, his research interests include policy issues appointed a Minister of State at the Ministry of National Development in 1991 and later became Minister on Indian economic growth, open economy macroeconomics, public finance, financial economics and of State at the Ministry of Foreign Affairs. In 1995, Lim became the Minister for National Development pensions. In the past decade, he was extensively involved in the policy process in the reforms of the equity and Second Minister for Foreign Affairs. In 1998, he relinquished the role of Second Minister for Foreign market and the New Pension System. He also serves as the research firm GlobalSource Partners’ local Affairs and became the Second Minister for Finance. In 1999, Lim became the Minister for Health, he advisor in India. Before joining the National Institute for Public Finance and Policy he served as advisor also retained the portfolio of Second Minister for Finance. In 2003, Lim was made a Minister in the Prime to the Department of Economic Affairs, Ministry of Finance, New Delhi from 2001 to 2005 Prior to this he Minister’s Office. Prior to entering politics, Lim Hng Kiang was awarded a President’s Scholarship and also held positions at the Centre for Monitoring Indian Economy, Indira Gandhi Institute for Development Singapore Armed Forces Scholarship to study at Cambridge University, where he completed a degree in Research. He began his career as a consultant with Rand Corporation in Santa Monica. Ajay Shah holds a Engineering. Shortly after which, Lim was awarded a scholarship for the Master of Public Administration Ph.D. in Economics from University of Southern California and a B.Tech from IIT. degree at the Kennedy School of Government at Harvard University.4 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 5. Professor Joseph Stiglitz - USA Professor Hugh White - Australia2001 Nobel Laureate for Economics, University Professor, Columbia University, Head of the Strategic and Defence Studies Centre, Australia National UniversityChief Economist, The World Bank, 1997-2000 Director, The Australian Strategic Policy Institute 2001-2004,Chairman, President Clinton’s Council of Economic Advisers, 1995-1997 Deputy Secretary, Department of Defence 1995-2000 Joseph Stiglitz is probably the highest profile economist in the world. He has had an The Australian National University (‘ANU’) has been consistently ranked as Australia’s exceptionally high profile role both in academia and in real world policy making. He has leading research university by international research bodies. Hugh White is head of ANU’s received many academic awards for his work, including the Nobel Prize for Economics in Strategic and Defence Studies Centre (‘SDSC’) and also serves as Professor of Strategic 2001 and the John Bates Clark Award in 1979 given biennially by the American Economic Studies at the Centre. SDSC is Australia’s leading centre for the study of strategic, defence Association to the economist under 40 who has made the most significant contribution to and wider security issues. Established in 1966, the SDSC studies the strategic, defence and the field. According to the respected IDEAS website, he is currently the most widely quoted wider security issues of the Asia Pacific region and their projected impact upon Australia. economist in the world. The author of numerous books, his newest book ‘Freefall: America, In addition, to his work at SDSC Hugh White is also a Visiting Fellow at the Lowy Institute Free Markets, and the Sinking of the World Economy’, has been widely praised in the press for International Policy and a regular columnist for The Age and the Sydney Morning Heraldand gone on to become an international bestseller. In 2008 he was asked by the French President Nicolas newspapers. Hugh White’s research focuses primarily on Asia-Pacific security issues and global strategicSarkozy to chair the Commission on the Measurement of Economic Performance and Social Progress, which affairs, especially as they influence Australia and the Asia-Pacific. His most recent works have includedreleased its final report in September 2009. In 2009 he was appointed by the President of the United Nations ‘The Trajectory and implications of China’s continuing rise for Northeast Asian regional integration’, ‘TheGeneral Assembly as chair of the Commission of Experts on Reform of the International Financial and geostrategic implications of China’s growth’ and ‘Power Shift: Australia’s Future between Washington andMonetary System, which also released its report in September 2009.From 1995 to 1997 Joseph Stiglitz served Beijing.’ Prior to joining the Strategic and Defence Studies Centre he served as the first Director of thein the Clinton Administration as the chair of President Clinton’s Council of Economic Advisors, a position Australian Strategic Policy Institute from 2001-2004. Before that White served as Deputy Secretary of thewith cabinet rank, and then as Chief Economist of The World Bank from 1997 to 2000. He has also acted Department of Defence from 1995 to 2000, where he was in charge of the Defence Departments Strategicas an unofficial advisor to President Barack Obama, who has been quoted in the New York Times stating “I Planning and from 1985 to 1991 as Senior Advisor to Prime Minister Bob Hawke and Defence Minister Kimhave enormous respect for Joe Stiglitz, I read his work all the time” He holds a PhD in Economics from MIT. Beazley. He holds degrees from University of Melbourne and University of Oxford.Carl Walter and Fraser Howie – USA/Singapore Professor Muhammad Yunus - BangladeshCo-authors of ‘Red Capitalism: The Fragile Financial Foundation of China’s 2006 Nobel Laureate for PeaceExtraordinary Rise’ Author of ‘Banker to the Poor’ Chairman, President Clinton’s Council of Economic Advisers, 1995-1997 While China has ostensibly cornered the market in US currency, treasury and agency bonds and pushes full steam ahead in a seemingly unstoppable rise on the global stage, what Muhammad Yunus is a Bangladeshi economist and founder of the Grameen Bank, an undergirds its financial edifice is a fragile banking system that threatens to undermine institution that provides microcredit to help its clients establish creditworthiness and its sustainability and success. This forms the main vein of the timely new book, “Red financial self-sufficiency. In 2006 Yunus received the Nobel Peace Prize for his work. He Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise” by Carl E. has also received several other prestigious awards for his work including the United States’ Walter and Fraser J.T. Howie. Throwing light on China’s financial labyrinth, the book traces Presidential Medal of Freedom , the King Abdul Aziz medal and the Ramon Magsaysay how the Chinese government reformed and modeled its financial system in the 30 years Award. Yunus was chosen by Wharton School of Business for PBS documentary, as one of since it began engaging with the west. Red Capitalism has been published to rave reviews: ‘The 25 Most Influential Business Persons of the Past 25 Years’. Time magazine listed him under “60 years of Asian Heroes” as one of the top 12 business leaders. Yunus was voted“ Red Capitalism is a must-read for anyone who wants to understand the sources of Chinese economic 2nd in Prospect Magazine’s 2008 global poll of the world’s top 100 intellectuals and was ranked amongstpower, and the threat posed by the nation’s vast hidden debts. ” China Economic Quarterly the 100 of the world’s most influential people in the December 2009 Foreign Policy magazine’s FP 100“ Walter and Howie debunk a number of common myths about China’s financial markets in this excellent ranking. He is a member of advisory board at Shahjalal University of Science and Technology. Previously, henew book. The authors have done their homework, digging beneath the surface of China’s financial world was a Professor of Economics at Chittagong University where he developed the concepts of microcredit andto reveal uncomfortable truths about a financial system riddled with hidden landmines that threaten to microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. He is theundermine China’s hard fought economic success “ The Wall Street Journal author of ‘Banker to the Poor’ and two books on Social Business Models, and a founding board member of Grameen America and Grameen Foundation. He is one of the founding members of Global Elders, whose“ Red Capitalism provides a way into the world’s most important and least understood financial system. members have included Nelson Mandela, Jimmy Carter and Kofi Annan. Yunus won a Fulbright scholarshipFor insight into how China’s economy actually operates, begin here ! “ The Economist in 1965 to study in the United States and completed a PhD in Economics from Vanderbilt University in 1971. This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 5
  • 6. Global ARC Singapore’s Investor Speakers Sorted alphabetically by organization David Singleton, Senior Vice President, Treasurer & Chief Investment Officer, David Neal, Chief Investment Officer, Adventist Health System - USA Australian Government Future Fund - Australia Adventist Health System supports forty three campuses and employs fifty five thousand The Future Fund was established by the Australian Federal Government in 2006 to assist individuals. It’s hospitals provide care for four million patients each year in inpatient, future governments meet the cost of public sector superannuation liabilities by delivering outpatient and emergency room visits. It has total financial assets of approximately investment returns on contributions to the Fund. The fund currently manages approximately USD 2.5 billion. Prior to joining AHS in 2008, David Singleton has twenty three years of AUD 75 billion (USD 72 Billion) in assets. Before joining The Future Fund as Chief Investment financial markets experience and worked as a Managing Director in SunTrust Bank. Officer in 2007, David Neal was Head of Investment Consulting at Watson Wyatt Australia. Christopher Vogt, Global Head of Hedge Funds, Yasuki Mineshima, Executive Officer and GM of the Strategic Investment Division, Allstate Insurance - USA Bank of Tokyo-Mitsubishi UFJ, Ltd - Japan The Allstate Corporation is the United States’ largest publicly held personal lines insurer, Established in 2006, with the merger of the Bank of Tokyo-Mitsubishi and UFJ Bank, The providing insurance services to more than fourteen million households and managing Bank of Tokyo-Mitsubishi UFJ is the largest bank in Japan, with approximately Yen 160 trillion USD$118 billion of assets for internal clients including the insurance companies, two (USD 1.5 trillion) in assets. It provides commercial banking services to individuals and ERISA plans, and non-insurance subsidiaries. Christopher Vogt is responsible for all hedge corporations in Japan and internationally. Yasuki Mineshima is Executive Officer and fund related activities across the Allstate Insurance enterprise. General Manager of the Strategic Investment Division. He is a graduate of Tokyo University. Dominic Gatt, Portfolio Manager, Ted Lee, Senior Portfolio Manager - External Portfolio Management, AMP Capital Investors - Australia Canada Pension Plan Investment Board - Hong Kong AMP Capital Investors (AMPCI) is the largest investment manager in Australia and The Canada Pension Plan (CPP) is a USD 150 billion contributory, earnings-related social New Zealand. Its Australian division manages a significant range of investment products insurance program. It forms one of the two major components of Canada’s public retirement and invests in most major asset classes. AMP Capital manages over AUD 100 billion. income system. The CPP Investment Board was created in 1997 as an organization (USD 95 billion) in assets. Dominic Gatt is Portfolio Manager for Alternative Investments at independent of the government to monitor and invest the CPP’s funds. Ted Lee heads CPPIB’s AMP Capital Investors. Dominic is a CFA Charter holder. hedge fund investments in Asia. Prior to this he was a Managing Director at Blackstone. Thierry de Longuemar, Head of Finance, Rahimullah Zakir, Director General, Market Operations, Asian Development Bank - The Philippines Central Bank of Afghanistan - Afghanistan With more than USD17.5 billion in approved financing, 2,800 employees from 59 countries, The Central Bank fo Afghanistan (“DAB”) regulates all the banking and money handling ADB in partnership with member governments, independent specialists and other financial operations in Afghanistan. As Director General of Markets Operations Rahimullah Zakir institutions is focused on delivering projects that create economic and development impact. is working on the five year strategic plan for the bank and on the development of the Prior to assuming his current post, Thierry de Longuemar served as ADB Treasurer. He has secondary Market in Afghanistan. He holds a BSc (Hons) Economics from IIUI and MBA over 26 years of experience in both multilateral financial institutions and private banking. in Banking and Finance from Preston Institute of Management Science. Donghyun Park, Principal Economist, Ziaul Hasan Siddiqui, Deputy Governor, Asian Development Bank - The Philippines Central Bank of Bangladesh - Bangladesh With more than USD 17.5 billion in approved financing, 2,800 employees from 59 countries, Ziaul Hassan Siddiqui was appointed Deputy Governor of the Central Bank of Bangladesh ADB in partnership with member governments, independent specialists and other financial Bank in 2006. He has worked for the bank since 1976. As Deputy Governor, he supervises institutions is focused on delivering projects that create economic and development the Monetary Policy Department, Forex Reserve and Treasury Management Department, impact. Prior to joining ADB Donghyun Park was a tenured Professor at Nanyang the Foreign Exchange Investment, Operations and Policy Departments and the Research Technological University in Singapore. He holds a PhD in economics from UCLA. Department. He holds a Masters in Public Administration from the Harvard University. Anne Whittaker, Chief Investment Officer, Rupa Dheerasinghe, Assistant Governor, Australian Catholic Superannuation and Retirement Fund - Australia Central Bank of Sri Lanka - Sri Lanka Catholic Super was founded in 1971, has seventy thousand members and assets of Rupa Dheerasinghe was promoted to the post of Assistant Governor in January 2012. Rupa approximately AUD 4 billion. Prior to joining Catholic Super in 2008, Anne Whttaker was has served the Bank for a period of 29 years and was formerly Superintendent of Sri Lanka’s Senior Policy Advisor on Investments at the Association of Superannuation Funds of largest pension fund, the USD 9 billion Employees’ Provident Fund, The EPF provides social Australia - the Australian superannuation industry’s peak body - and before this was a security for the employees of state sponsored corporations. Rupa has experience in the principal at Mercer Investment Consulting for fourteen years. areas of Economic Research, Policy Review and Monitoring and International Operations.6 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 7. Chua Boon Lee, Chief Investment Officer, Jeffrey Heil, Chief Investment Officer, Central Provident Fund (CPF) - Singapore Doris Duke Charitable Foundation - USA CPF is a compulsory comprehensive savings plan for working Singaporeans and permanent Established in 1996, the USD 2 billion Doris Duke Charitable Foundation supports four residents. It manages approximately USD150 billion in assets. Before joining CPF, Chua national grant making programs. Prior to joining the Foundation, Jeff Heil was Co-Head Boon Lee was a Director at Citibank and Regional Head of the Asia Pacific team responsible of Investments at the University of California, where he actively managed USD 25 billion in for manager research and product selection for the bank’s wealth management platform. equity holdings. He earned a BA in Government, summa cum laude, from Ohio University Boon Lee holds a BBA from NUS and an M.B.A. from the University of Texas at Austin. and an MBA at NYU, where he was awarded the Marcus Nadler Fellowship. Dr. Olin Liu, Executive Director – Research Department, Michael Strachan, Chief Investment Officer, China International Capital Corporation Ltd - China Equipsuper Superannuation Scheme - Australia China International Capital Corporation Limited (CICC) is China’s first joint venture Michael Strachan is responsible for all investment related matters at Equipsuper investment bank. Prior to joining CICC, Olin Liu accrued over a decade of experience in Superannuation Fund, which manages assets of AUD 4.5 billion on behalf of over 45,000 macroeconomics and finance working for the International Monetary Fund, where she members around Australia. He was previously the CIO of both the Rio Tinto Staff served as the Mission Chief and Deputy Division Chief for the International Monetary Fund’s Superannuation Fund and Comalco New Zealand Retirement Fund. Michael holds a PhD from Asia Pacific Department. She holds a Ph.D. in Economics from Boston College. the University of Melbourne and an MBA with Distinction from Melbourne Business School. Apurva Mehta, Director of Investments, Shirin Ismail, Senior Vice President, Cook Children’s Health Care System - USA Fullerton Fund Management - Singapore Cook Children’s Health Care System (CCHCS) operates more than 60 pediatric medical and Fullerton Fund Management is a wholly owned subsidiary of Temasek Holdings. Shirin Ismail, specialty clinic offices throughout Texas. The system has more than 4,000 employees. Apurva CFA, Senior Vice President and Head of Absolute Returns Investment Strategies, joined Mehta joined CCHCS in 2011 as Director of Investments. In this role he oversees management Fullerton Fund Management Company on its formation in 2003. In her current role, she is of the portfolio across all asset classes, including strategic and tactical asset allocation responsible for portfolio investments into absolute returns funds including hedge funds. Prior recommendations, investment manager selection and manager performance evaluation. to joining Fullerton, Shirin was with the Fund Management Division of Temasek Holdings. Toshiki Kitano, Assistant Manager, Market and Alternative Investment Department, Manraj Sekhon, Chief Executive Officer, Daido Life Insurance Company - Japan Fullerton Fund Management - Singapore Daido Life Insurance has total assets of USD 65 billion, over USD 3billion of which are Fullerton Fund Management Company Ltd. is a wholly owned subsidiary of the Singapore currently Invested in alternatives. Toshiki Kitano has worked for Daido Life since 2003 and governments’s Temasek Holdings. Prior to joining Fullerton, Manraj Sekhon was a Director presently serves as Assistant Manager, Market and Alternative Investment Department, and Head of International Equities at Henderson Global Investors, where he led an investment responsible for the analysis and management of Daido Life’s hedge fund investments. He is team that managed Global and Global ex US equity portfolios. He graduated from the a graduate of Waseda University’s Law Department. University of Warwick with a BSc (Hons) in Management Sciences. He is a CFA charterholder. Hideo Kondo, Chief Investment Officer, Adelene Tan, Head of External Managers, DIC Pension - Japan Government of Singapore Investment Corporation (GIC) - Singapore DIC is one of Japan’s most diversified chemical companies, with over two hundred and The Government of Singapore Investment Corporation Private Limited (GIC) is a sovereign twenty subsidiaries and affiliates worldwide and over twenty five thousand employees. In wealth fund established by the Government of Singapore in 1981 to manage Singapore’s addition to serving as Chief Investment Officer for DIC’s pension fund, Hideo Kondo also foreign reserves. GIC is one of the largest investment management organizations in the world, serves as Chairman of the influential Steering Committee for Investments for Japan’s peak with over one thousand staff and approximately USD 300 billion in a diverse range of assets in pension fund body, the Corporate Pension Fund Council of Japan. over 40 countries. GIC has a network of nine offices in key financial capitals around the world. Jenny Chan, Investment Officer, Heman Wong, Executive Director, Doris Duke Charitable Foundation - USA Hong Kong Hospital Authority Provident Fund - Hong Kong Established in 1996, the USD 2 billion Doris Duke Charitable Foundation supports four national The Hong Kong Hospital Authority Provident Scheme is a defined contribution pension grant making programs. Prior to joining the Doris Duke Charitable Foundation in 2007, Jenny scheme. It is Hong Kong’s largest provident fund with over thirty five thousand members Chan was responsible for hedge funds and funds of funds research at Canterbury Consulting and approximately USD 5 billion in assets. The Hong Kong Hospital Authority Provident and has over ten years of experience covering alternative assets. Jenny earned a BS in Finance Scheme is currently invested in funds of hedge funds. Heman Wong serves as Executive and Accounting from New York University. She has been a CAIA charter holder since 2004. Director of the Hong Kong Hospital Authority Provident Funds.This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 7
  • 8. Martin Matsui, Head, External Managers, Division of Reserves Management, Sanjay Tikku, Portfolio Manager - Hedge Fund Investments, Hong Kong Monetary Authority - Hong Kong King Abdullah University of Science and Technology Endowment (KAUST) – Saudi Arabia The Hong Kong Monetary Authority is the government authority in Hong Kong responsible King Abdullah University of Science and Technology (KAUST) is a public research university for managing the HKMA Exchange Fund, maintaining currency stability, promoting the located in Thuwal, Saudi Arabia. KAUST was founded in 2009 and focuses exclusively on stability and integrity of the financial system, and helping to maintain Hong Kong’s status graduate education and research, using English as the official language of instruction. It as an international financial centre. Martin Matsui heads the External Managers Division of offers programs in life Sciences, engineering, computer Sciences, and physical sciences. Hong Kong Monetary Authority’s Reserve Management. KAUST currently possesses an endowment of approximately USD 10 billion. James Orbell, Head of Alternative Fund of Funds Investments, Scott Kalb, Chief Investment Officer, Ignis Insurance - United Kingdom Korea Investment Corporation – South Korea Ignis is part of the Phoenix Group and manages around GBP 75 billion for its parent The Korea Investment Corporation (‘KIC’) was established by the Government of South Korea in company. James Orbell is responsible for managing a portfolio of hedge funds and private 2005. KIC currently manages approximately USD 40 billion of South Korea’s foreign reserves. equity funds on behalf of Phoenix. He has been with Ignis for three years. Prior to joining Prior to joining KIC in 2009 Scott Karb served as a Managing Director at 159 Park Advisors, Ignis, James held several positions in investment banking with Credit Suisse, Nomura, Axial Principal of Black Arrow Capital and a Portfolio Manager at Balyasny Asset Management and Asset Management and UBS. He holds a PPE degree from University of Oxford. Tudor Capital. Scott holds a Masters in East Asian Economics from Harvard. Edward Gustely, Senior Advisor, Wonhee Lee, Director, Alternative Investment Division, Postal Savings Bureau, Indonesia Government Investment Unit - Indonesia Korea Post - South Korea The Government Investment Unit of Indonesia is a sovereign wealth fund managed by the Korea Post-EverRich Postal Savings (EverRich Postal Savings) is one of the two financial Indonesian Ministry of Finance, tasked with increasing Indonesia’s macroeconomic stability, services subsidiaries of Korea Post, South Korea’s government-owned national postal economic growth, and government investment. Edward Gustely is the chief architect of the company. It manages asets of approximately USD 50 billion. The Postal Savings US$ 1 billion Indonesia Green Investment Fund and MD at Penida Capital. He has served as Management Team and the Postal Insurance Asset Management Team within Korea Post senior advisor to 4 Indonesian finance ministers and the US Treasury. are responsible for the safety and asset allocations of of the investments. Dr. Ravi Balakrishnan, Senior Economist, Greg Doyle, Chief Investment Officer, International Monetary Fund - Singapore Kruger Inc. - Canada Ravi Balakrishnan is Senior Economist at the International Monetary Fund in Singapore. Kruger Inc. is a major pulp and paper manufacturer based in Montreal, with operations Prior to this he was Senior Economist at the IMF’s World Economic Studies division around the world. Greg Doyle is Chief Investment Officer at Kruger Inc. where he directs responsible for producing the IMF’s twice yearly World Economic Outlook. He started his the investment activities for the sixteen underlying pension plans. Prior to joining Kruger career at the Bank of England and Bank of Spain, before joining the IMF in 2001. He holds a Corporate Pension, Greg Doyle ran a US Equity Long/Short portfolio at Montreal based PhD. in Economics from London School of Economics and a B.A.from Cambridge. Caisse de Depot et Placement de Quebec, Canada’s largest pension plan. Martin Rodriguez, Chief Investment officer, Maik Thinnes, Portfolio Manager, Alternative Investments, Integración AFAP Pension - Uruguay Lebensversicherung von 1871 Insurance a. G. München - Germany Integracion AFAP is a development bank from Uruguay, with an AUM of approximately Lebensversicherung von 1871 (LV 1871) is Munich’s oldest life insurance company and one USD 1 billion. It offers services in investment strategies and its main activity is to manage of Germany’s medium-sized life insurance companies. As a mutual insurance association it pension savings funds,. Martin Rodriguez works for Integración Afap as Chief Investment is liable only to its customers who are advised by independent insurance intermediaries. LV Officer with the principal responsibility for the administration and profitability of the 1871 specializes in innovative life, pension and disability insurances. Its reputation as a top investment portfolio. Martin is a qualified CPA and also holds an MBA. company in the insurance sector is underlined by numerous rankings and ratings. Chief Investment Officer, Joy Tan Peck Hong, Senior Assistant Director (INVEST), Japan Airlines Pension Plan – Japan Ministry of Home Affairs - Singapore Japan Airlines (JAL )was established in 1951 and became the national airline of Japan in Joy Tan Peck Hong is the Senior Assistant Director of INVEST. The INVEST Committee 1953. JAL is headquartered in Shinagawa, Tokyo, Japan. After over three decades of service (INVEST COMM) assists the INVEST BOT in looking into the asset allocation strategy of the and expansion, the airline was fully privatized in 1987. In 2002, the airline merged with Japan HUS INVEST Fund and monitoring the performance of the external fund managers. The Air System, Japan’s third-largest airline and became the sixth largest airline in the world by HUS INVEST Fund is a superannuation fund established on 1 October 2001 under the Home passengers carried. Japan Airlines Pension Fund has approximately USD 3 billion in assets. Affairs Uniformed Services Superannuation Act 2001.8 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 9. Yuji Horikoshi, Manager - Treasurer’s Office, Stephen Knight, Chief Executve Officer, Mitsubshi Corporation Pension Fund - Japan New South Wales Treasury Corporation - Australia Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and New South Wales Treasury Corporation (“TCorp”) is the central financing authority for the operates businesses across virtually every industry including industrial finance, energy, New South Wales public sector, and is a leading issuer of semi-government securities in the metals, machinery, chemicals, foods, and environmental business. With over 200 bases Australian market. TCorp plays a key role in managing investments and liabilities for the of operations in approximately 80 countries worldwide and a network of over 500 group government, its authorities and businesses. companies, MC employs a multinational workforce of nearly 60,000 people. Nobusuke Yamaoka, Manager, Hedge Fund Investments, Eivind Lorgen, Head of Alternatives and Manager Selection, Mitsui Sumitomo Insurance Co. Ltd - Japan Nordea Bank - Sweden The Mitsui Sumitomo Insurance Company operates principally in two business segments: Nordea is the largest financial services group in Northern Europe with a market property and casualty insurance and life insurance. The group has around USD 110 billion capitalisation of approximately Euro 25 billion and total assets of over Euro 670 billion. Eivind in assets and fourteen thousand employees. Nobusuke Yamaoka began his career at Lorgen is Head of Alternatives and Manager Selection in Nordea Investment Management, Nippon Life Insurance Company and Lehman Brothers International. He holds an MBA in a global organisation with thirty investment professionals. Prior to his job in Nordea, Eivind Finance from the Graduate School of Waseda University. worked for Storebrand and Zurich Financial Services. Chuin Houi Yap, Executive Director - Reserve Management, Dave Uduanu, Managing Director Monetary Authority of Singapore - Singapore Pensions Alliance Limited - Nigeria, The Monetary Authority of Singapore is the central bank of Singapore and is responsible Pensions Alliance Limited manages and administers retirement savings contributions of for managing the official reserves of Singapore, monetary policy, the issuance of currency, employees in Nigeria. He is also the Chairman of the Pension Operators Association of the oversight of payment systems and serving as banker to, and financial agent of, the Nigeria - the umbrella body of all regulated Pension Operators in Nigeria. Dave Uduanu Government. Chuin Houi Yap, is Executive Director for Reserve Management at the is a qualified Chartered Accountant and a CFA Charter Holder. He has fifteen years of Monetary Authority of Singapore. professional experience roles including at Ernst & Young and IBFC Limited. Dr. Indranil Ghosh, Head of Strategy and Macroeconomics Mika Jaatinen, Portfolio Manager – Hedge Fund and Private Equity Investments, Mubadala Development Company - Abu Dhabi Pension Fennia – Finland, Mubadala’s multi-billion dollar mandate is to facilitate the diversification of Abu Dhabi’s Pension Fennia is a mutual insurance company that provides employee pension insurance. economy. Its focus is on managing long-term, capital-intensive investments that deliver strong Pension Fennia manages over USD 9 billion in investments and has a 10% allocation to single financial returns and tangible social benefits for the Emirate. Indranil Ghosh is the Head of manager hedge funds. Before taking up his current position as Portfolio Manager of hedge Strategic Planning and Macroeconomics for Mubadala. He holds a PhD from Massachusetts funds at Pension Fennia Mika Jaatinen worked in Pension Fennia’s risk division and prior to Institute of Technology and two Masters degrees from Cambridge University. that worked as mutual fund analyst for the Finnish Stock Exchange. Niraj Dhanky, Head of Portfolio Management, Kazuaki Kojima, Director of Alternative Investments, National Bank of Abu Dhabi - Abu Dhabi PFA - Japan National Bank of Abu Dhabi (NBAD) has approxmately USD70 billion in assets under PFA is Japan’s largest private-sector pension fund manager, with approximately 13 trillion management.Niraj Dhanky has over 22 years experience in investment management at yen - USD 140 billion - in assets. PFA is a government-backed corporation that looks after various leading GCC and international banks. Over the last decade; he has been responsible the pensions of employees who quit mid-career from one of its more than 1,400 member in establishing and managing Alternative Investments business at various GCC banks like companies. Prior to joining PFA, Kazuaki Kojima was a Managing Director at Goldman Sachs Emirates Bank International, Dubai and Arab National Bank. Asset Management focussing on fixed income and commodities. Steven Phillips, Chief Executive Officer, Wanjiru Kirima, Chair, Nestlé Capital Advisers - Switzerland Principal Officers Association of South Africa - South Africa Nestle Capital Advisers runs Nestle’s combined global pension investments, which are Wanjiru Kirima is the Principal Officer of the FirstRand Group, Chair of the Principal approximately USD 20 billion. Steve N Phillips has, since August 2010, been the Chief Officers Association – the peak body for South African pension investment staff - and Executive Officer of Nestlé Capital Advisers S.A., responsible globally for Nestle’s Pension an advisory member of the Southern African Pension Fund Investment Forum. She was and Risk Management function. He is a graduate of the London School of Economics and is previously Global Trustee manager to Shell’s Global Pension Funds. And Principal Officer also a qualified chartered accountant. of the Shell and SAPREF Pension Funds in South Africa.This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 9
  • 10. Elvyn Gani Masassya, Director of Investments Speaker TBA PT. Jamsostek (Persero) - Indonesia Swiss Re - Switzerland PT. Jamsostek (Persero) is Indonesia’s largest pension fund with assets of approximately Founded in 1863 and headquartered in Zurich, the Swiss Re Group is a leading wholesale USD 12 billion. Elvyn Masassya is in charge of Jamsostek’s overall investment activities. provider of reinsurance, insurance and other insurance-based forms of risk transfer. Elvyn has previously served as Commissioner of PT Bank Bali, Director of PT Bank Permata, Dealing direct and working through brokers, its global client base consists of insurance Corporate Secretary of PT Bank Negara Indonesia and Director of PT Tuban Petrochemical companies, mid-to-large-sized corporations and public sector clients. Using in-house and Industries. He has a B.Econ. from Jayabaya University and a MFM from the ITB. external managers, Swiss Re manages approximately USD 140 billion in assets. Elias Masilela, Chief Executive Officer, Marco Neuhaus, Head of Fixed Income Yield Enhancements, Public Investment Corporation – South Africa Talanx Asset Management - Germany The Public Investment Corporation is the biggest pension fund in South Africa and manages Talanx Asset Management GmbH, is a subsidiary of Talanx AG, Germany’s third-largest over USD 125 billion on behalf of South Africa’s public sector entities, most of which are pension, insurance group. Talanx Asset Management has an investment portfolio of over 84 billion provident, social security, and guardian funds. In addition to his role of CEO of PIC, Elias has Euros. Marco Neuhas heads all of Talanx AM’s Euro 1 billion of AM’s fixed income alternative served as a Board Director of the South African Reserve Bank, a trustee of the Government investments. Marco has earned a PhD in Economics magna cum laude from Mannheim Employees Pension Fund and as a Commissioner on the National Planning Commission. University and an MSc from the London School of Economics. Elizabeth Kumaru, Senior Manager, Funds Management, Gek Khim Chew, Executive Chair and Chief Executive Officer, QSuper – Australia Tecity Group - Singapore QSuper is a AUD 30 billion (USD 28 billion) superannuation fund for Queensland public As Executive Chair and Chief Executive Officer of the Tecity Group, Gek Khim Chew oversees sectorn workers. Elizabeth Kumaru joined QSuper as Senior Manager, Funds Management the Group’s equity investments worldwide. She has also been actively involved in the in 2009. Elizabeth has 17 years of investment industry experience and joins QSuper from acquisition and management of the Group’s property investments. She is also the Deputy Queensland Investment Corporation (‘QIC’) where she held various positions in her eleven Chairman of the Tan Chin Tuan Foundation in Singapore, the Chairman of the Tan Sri Tan year tenure, and most recently as QIC’s Senior Portfolio Manager for Alpha Investments. Foundation in Malaysia, and Executive Chairman of Straits Trading Company. Heng Boo Fong, Director, Special Services Kate Misic, Head of Alternative Investments, Singapore Totalisator Board – Singapore Telstra Super Pty Ltd – Australia Established on 1988, the Tote Board manages the funding activities from the gaming Telstra Super is Australia’s largest corporate super fund with over 100,000 members and surpluses generated from the operations of Singapore Turf Club and Singapore Pools, assets of AUD 11 billion (USD 10 billion). Kate Misic joined Telstra Super as Head of Listed and from the casino entry levies. Fong Heng Boo studied at the University of Singapore Alternatives in 2010. Kate has had more than eleven years of experience in investment and graduated with an Honours Degree in Accountancy. He has over 36 years of working manager research and performance analysis. Kate is a CFA Charterholder, a Fellow of experience in auditing, finance, corporate and governance. FINSIA and completed a bachelor of science at Australian National University. Faisal Al Riyami, Head of Direct Investments, David Marcus, Chief Investment Officer, State General Reserve Fund of Oman - Oman The Juilliard School Endowment - USA The USD 8 billion State General Reserve Fund of Oman is the sovereign wealth fund of The Juilliard School is a global leader in artistic education with one thousand students from the Kingdom of Omam and serves as a source of income for future generations and as a over forty countries. David Marcus oversees an approximately USD 1 billion endowment mechanism for economic stabilisation. State General Reserve Fund of Oman is financed by portfolio used to support Juilliard’s operations and student financial support. Prior to the revenue generated from Oman’s oil and gas sales and is responsible for the investment Julliard he was a managing director at the USD 4 billion endowment of Dartmouth College. of the reserves of the Sultanate of Oman. David holds a BS from the Wharton School and MBA from the University of Chicago. Con Michalakis, Chief Investment Officer, Mike Powell, Director of Alternative Investments, Statewide Superannuation - Australia Universities Superannuaton Scheme (USS) - United Kingdom Con Michalakis is the Head of Investments at Statewide, one of South Australia’s leading Universities Superannuation Scheme is the second largest pension fund in the UK with superannuation groups and is responsible for managing, with the investment committee, approximately GBP 25 billion in assets under management for UK Universities. Mike Powell the fund’s assets. Prior to this, Con worked for Pzena Investment Management in New York joined USS in 2006 as the Head of Alternative Assets to build the alternatives investment and Merrill Lynch Investment Managers in Sydney. Con has a Bachelor of Maths from the programme. Prior to USS, he spent the majority of his career at Shell Pensions Management University of Adelaide, and a Master of Science from the University of London. Services Limited in a variety of investment roles, latterly as the Head of Strategy.10 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 11. Paul Murray, Head of Debt and Absolute Returns, Victorian Funds Management Corporation - Australia Victorian Funds Management Corporation (VFMC) was established by the government of the State of Victoria in 1994 entrusted with managing AUD 35 billion (USD 32 billion) of the State’s financial assets to meet its future and emerging liabilities. Prior to joining VFMC Paul Murray was the Head of Australian Cash and Fixed Income with Macquarie Funds Management and previously worked at Bankers Trust Australia and The Reserve Bank of Australia. Justin Pascoe, Chief Investment Officer, Victoria Funds Management Corporation - Australia VFMC was established by the government of the State of Victoria in 1994 entrusted with managing AUD 35 billion of the State’s financial assets to meet its future and emerging liabilities. Before joining VFMC as CIO in 2008 Justin Pascoe was a Managing Director with Goldman Sachs Asset Management. He has nineteen years of industry experience in senior roles at asset management and asset consulting firms in Australia and Asia. Judy Saunders, Chief Investment Officer, West Midland Pension Fund - United Kingdom The GBP 8 billion West Midlands Pension Fund is a public sector DB pension covering the West Midlands region of the UK. It has 250,000 members. The Fund’s administration is carried out in-house, together with a significant element of investment management. 35% of the GBP 8 billion fund is invested in alternatives. Judy Saunders is the West Midlands Pension Fund’s Chief Investment Officer where she has responsibility for investment strategy.This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 11
  • 12. Global ARC Singapore’s Industry Expert Speakers Sorted alphabetically by organisation Guy Ingram, Co-Founder and Head of Hedge Fund Advisory Service David Mercurio, Co-Head of Global Equity Strategies and Head of Asia Equity, Albourne Partners - United Kingdom GLG - Hong Kong Guy Ingram co-founded Albourne Partners in 1994 and currently heads its Research Group, Founded in 1995, GLG is a leading global investment manager offering a comprehensive range responsible for evaluation of hedge fund managers and assessing the prospects for various hedge of alternative, traditional long-only and hybrid investment products and services. David Mercurio fund strategies. Previously Guy was directly responsible for analysis of individual hedge funds, has over 17 years of investment experience across both corporate finance and buy-side portfolio construction and development of Albourne’s risk management capabilities. Prior to that, investment roles. He joined GLG from the Government of Singapore Investment Corp (GIC) where Guy worked with Simon Ruddick at Westminster Equity on pricing and risk management. he was a senior portfolio manager. He holds a Bachelor and Master of Commerce from UNSW. Ted Uemae, Founder, Brian Pennington, Chief Risk Officer, Alternative Investment Products Inc - Japan Goldentree Asset Management - USA Ted Uemae founded Alternative Investment Products in 1998. Alternative Investment GoldenTree manages absolute return strategies which invest in bank debt, high yield bonds, Products is a unique hedge fund advisory company which provides manager evaluation, distressed debt, middle market loans, equities and real estate. Prior to joining GoldenTree, portfolio design and risk monitoring process to Japanese institutional investors and also to Brian Pennington was a Managing Partner of Rock Ridge Advisors. He began his investment major fund distributors in Japan. Ted also served as Chairman of the Alternative Investment career in 1986 at Salomon Brothers in the firm’s renowned fixed-income proprietary trading Management Association Japan chapter from 2002 to 2006. unit. Brian holds a BS in Mathematics and an MBA from the University of Chicago. Daniel Pound, Managing Director, Dame Amelia Fawcett, Chair, Angelo Gordon - United Kingdom Hedge Fund Standards Board – United Kingdom Daniel Pound joined Angelo, Gordon in 2005 focusing on European distressed and risk arbitrage Dame Amelia Fawcett was appointed Chairman of the HFSB in July 2011. Dame Amelia is situations. Prior to this, Dan was an adviser at Close Brothers Corporate Finance focusing on also Non-Executive Chairman of the Guardian Media Group plc, a Non-Executive Director of creditor side restructuring and mid-market M&A. Dan is a qualified chartered accountant State Street Corporation in Boston and a Non-Executive Director of Investment AB Kinnevik having worked for KPMG in London and New York. Dan holds a BSc degree from University in Stockholm. Before this she served as Vice-Chair of Morgan Stanley. In 2010 she was College London and an M.B.A. degree from University of Edinburgh and ENPC (Paris). awarded a DBE, in both instances for services to the finance industry. Florence Eid, President, Alexa Lam, Deputy Chief Executive Officer, Arabia Advisors – Lebanon Hong Kong Securities & Futures Commission - Hong Kong Florence Eid is the Founder and CEO of Arabia Monitor, a research firm focused on the Alexa Lam is the Deputy CEO of the Securities and Futures Commission (SFC) and Executive Middle East and North Africa region, and President of Arabia Advisors. Previously she was a Director of its Policy, China and Investment Products Division. Major initiatives that have Managing Director at Passport Capital, Vice President and Senior Economist at JPMorgan, and been led by Alexa have included the enactment of the Securities and Futures Ordinance Professor of Finance and Economics at the American University of Beirut. She holds a Ph.D. in and reforms in margin financing and industry practices. Internationally, Alexa Lam also on Economics from MIT and has held Visiting Professorships at INSEAD and HEC – Paris. Standing Committee 5 of the International Organization of Securities Commissions (IOSCO). Florence Lombard, Chief Executive Officer, Paul Marshall, Chairman and Chief Investment Officer, Chartered Alternative Investment Analyst Association - USA Marshall Wace - United Kingdom Florence Lombard is CEO of the Chartered Alternative Investment Analyst (CAIA) Association. Paul Marshall is co-founder and Chief Investment Officer of Marshall Wace, one of Europe’s Florence has been part of CAIA since its very beginning, as a co-founder and as an inaugural largest hedge fund groups. Marshall Wace was founded in 1997 by Paul Marshall and Ian member of the board of directors. Florence was previously CEO and Executive Director at Wace. Funds managed by Marshall Wace have won multiple investment awards and the the Alternative Investment Management Association (AIMA), the global hedge fund industry company has become one of the world’s leading managers of equity long/short strategies. association, another organisation of which she was a founding member. Paul is a member of the HFSB. He was educated at Oxford, and holds an MBA from INSEAD. George Main, Founder and Chief Executive Officer, David Schiff, Partner and Portfolio Manager, Diversified Global Asset Management - Canada Perella Weinberg Partners - USA George Main is the founder of Diversified Global Asset Management (DGAM) He serves as David Schiff joined Perella Weinberg Partners in 2008 and is a Partner and Portfolio its Chief Executiive Officer and is responsible for the firm’s management leadership and Manager for the firm’s Asset Based Value Strategy. The Perella Weinberg Partners Asset investment decision-making. DGAM is a fund of funds manager based in Toronto and New Based Value Fund won Absolute Return’s Best Distressed Fund award for 2010 and 2011. York with over USD 5 billion in managed and advisory assets.George Main has been a leader Prior to joining Perella Weinberg, David was the CEO and President of Broadworth Capital, and innovator in fund of hedge funds management for over a decade. an asset-backed focused investment vehicle for two high net worth families.12 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 13. Patrick Downes, President, Professor Annie Koh, Dean of Executive and Professional Education, Premium Point Investments - USA Singapore Management University – Singapore Patrick Downes has over twenty-one years of experience in the MBS market and structured Annie Koh is Dean of Executive and Professional Education, Academic Director of the International products. From 2005 to 2008, Patrick served as a Director of Deutsche Bank’s RMBS Trading Institute and Associate Professor of Finance at SMU. Annie received her PhD in business. Prior to joining Deutsche Bank, he founded and served as the Chief Executive International Finance from NYU’s Stern School of Business as a Fulbright scholar. Her research Officer of Vertical Crossing, which was sold to FIMAT - a wholly owned subsidiary of Société interests include family offices, alternative investments, investor behaviour and corporate risk Générale in 2003. He holds a B.S. from Cornell University. management. Prior to joining academia, she was a treasury manager at DBS Bank. Mark O’Hare, Founder, Jean-Louis Lelogeais, Co-Founder and Senior Managing Director, Preqin - United Kingdom SVP Global - USA Mark O’Hare is Founder and Chief Executive of Preqin. Preqin provides extensive research and Jean-Louis Lelogeais is Co-Founder, Senior Managing Director and a member of the Investment data on the entire global alternative assets industry. Mark’s initial career was as a Manager Committee at SVP. Prior to this he was co-head of Moore Strategic Value Partners, a joint with Boston Consulting Group. In 1993 he founded Citywatch, the UK’s leading shareholder venture with Moore Capital; Managing Director at Chase Manhattan Bank; and a Partner with information service, which was acquired by Reuters in 1998. Mark studied Mathematics at Booz Allen Hamilton, where he managed the Wholesale Banking and Capital Markets practice. Cambridge, where he graduated with First Class Honours and was awarded the Stokes Prize. He holds an M.S. in Management Sciences from MITand a M. Eng. from Ecole des Mines. Jeff Tarrant, Co-Founder, Chief Executive Officer and Chief Investment Officer, Naomi Denning, Head of Investment Consulting, Asia-Pacific, Protégé Partners - USA Towers Watson - Hong Kong Jeffrey Tarrant is Co-founder, CEO and CIO of Protégé Partners. Founded in 2002, Protégé Naomi Denning is Towers Watson’s Managing Director, Investment AP, with overall responsibility is a USD 3 billion asset management firm that manages two hybrid funds of hedge funds for the company’s investment team in the Asia-Pacific region. She previously was regional head of focused on identifying smaller hedge funds, as well as a direct, hedge fund. In 1996, Jeffrey Investment Consulting for Watson Wyatt. Naomi received a BSc. (Hons.), degree from Loughborough founded Altvest, one of the hedge fund industry’s largest database and analytics systems. He University and an Executive MBA with Kellogg/HKUST. In 2009, Naomi was recognized as one of the received an MBA from Harvard and a BA from the UC Davis. Top 25 most influential people in asset management in Asia by Asian Investor magazine. Young Chin, Chief Investment Officer, Michael van Biema, Founder and Chief Executive Officer, Pyramis Global Advisors - USA Van Biema Value Partners - USA Young Chin is Chief Investment Officer of Pyramis Global Advisors, a Fidelity Investments Michael van Biema established van Biema Value Partners in 2004. He was previously a faculty company. Pyramis, with approximately USD 150 billion in assets, focuses on investment member of Columbia Business School from 1992 to 2004, where he taught value investing, products and solutions for institutional customers. Young Chin oversees all Pyramis’s capital markets, securities analysis, and entrepreneurial finance in the MBA programs. portfolio management, research, and trading functions. He previously served as President Michael received his B.S. from Princeton and his Ph.D. in Computer Science from Columbia. and CEO of Gartmore Global Investments overseeing assets of more than USD 80 billion. Michael is co-author of the book “Value Investing from Graham to Buffett and Beyond” Stephen Harper, Co-Founder and Chief Executive Officer, Christopher Nygaard, Managing Partner and Portfolio Manager -Agricultural Commodities Saguenay Strathmore Capital - United Kingdom Vermillion Asset Management - USA Stephen Harper is Chief Executive Officer at SSC. Prior to founding Strathmore Capital in Chris Nygaard has spent his career in physical commodity and derivatives trading, risk 2003, Stephen served as Chief Operating Officer and Partner of VHC Partners LLP, a European systems modeling, and structured commodity finance. Prior to founding Vermillion in 2005, hedge fund. Previously Stephen was a Senior Managing Director and Chief Operating Officer Chris was Managing Director and Portfolio Manager for Octagon Asset Management, LLC, of the global derivatives businessand at Bankers Trust. Stephen holds a BSc magna cum where he invested in commodity inventory finance, trade finance and asset backed securities laude in Economics and Maths from Brown University and an MBA from Harvard University. on a global basis. Chris is a graduate of Northwestern University. Sarah Barratt Ball, Managing Partner, Shearwater Partners – United Kingdom Sarah Barratt Ball is Managing Partner of Shearwater Partners. Prior to forming Shearwater Partners Sarah was a Partner at Oakpoint Advisors LLC a hedge fund consulting firm, Director at Trafelet Delta Funds, a long/short fundamental equity manager, and was a managing director and Head of the Asset Owners Sales Group in Morgan Stanley’s prime brokerage unit. Sarah holds a BSc. in Mathematical Statistics and Operational Research from Exeter University.This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 13
  • 14. Global ARC Monday 20th February 2012 7.25am Australia. In addition, to his work at SDSC Hugh Washington Post, the Wall Street Journal, Time, The with Asian policies and challenges now shaping the White is also a Visiting Fellow at the Lowy Institute for Economist, Newsweek, Business Week, Foreign international security and economic environments. Opening remarks and welcome on behalf of International Policy and a regular columnist for The Policy and numerous other publications. Dr. Li Central to this analysis is an examination of the Global ARC Age and the Sydney Morning Herald newspapers. has been a recipient of fellowships or research geopolitics of the China-India relationship. He Hugh White’s research focuses primarily on Asia- grants from the Smith Richardson Foundation, the writes opinion articles for the International Herald Pacific security issues and global strategic affairs, Freeman Foundation, the Peter Lewis Foundation, Tribune, Wall Street Journal, The Japan Times, The The Geopolitical Context especially as they influence Australia and the Asia- the Crane-Rogers Foundation, the Emerson Times of India and The Economic Times Professor Pacific. His most recent works have included ‘The Foundation, the US Institute of Peace, HK Institute Chellaney holds a Ph.D. in International Arms Trajectory and implications of China’s continuing of Humanities and Social Sciences, and the Chiang Control. Professor Chellaney has held appointments 7.30am rise for Northeast Asian regional integration’, ‘The Ching-Kuo Foundation. Dr. Li is also a columnist for at the Harvard University, the Brookings Institution, geostrategic implications of China’s growth’ and the Stanford University Journal China Leadership the Johns Hopkins University’s School of Advanced KEYNOTE PANEL: Asia’s geopolitical fault lines ‘Power Shift: Australia’s Future between Washington Monitor. Dr. Li has advised a wide range of International Studies and the Australian National in Asia: where are they and what implications and Beijing.’ Prior to joining the Strategic and government and business organizations on working University. do they carry for the region’s future economic Defence Studies Centre he served as the first in China. He is an advisor to the World Bank, a growth? Director of the Australian Strategic Policy Institute member of the Academic Advisory Group of the Is it possible to reconcile China, Malaysia, from 2001-2004. Before that Hugh White served Congressional U.S.-China Working Group and a 8.20am Indonesia’s the Philippines and Vietnam’s need for as Deputy Secretary of the Department of Defence member of the Council on Foreign Relations. maritime and commodities security in the South from 1995 to 2000, where he was in charge of the “The big challenge for stock pickers was the fact China Sea in a manner acceptable to all parties? Defence Departments Strategic Planning and from Professor Brahma Chellaney - India that macro-economic events were the big drivers Is China’s military really a threat to US naval 1985 to 1991 as Senior Advisor to Prime Minister Professor of Strategic Studies, of stock prices…. Company fundamentals, supremacy in the region? Is the often troubled Bob Hawke and Defence Minister Kim Beazley. He Centre for Policy Research, including earnings growth, remained very solid, Pakistan India relationship more likely to improve holds degrees from University of Melbourne and but were largely ignored because so much fear Author of ‘Water: Asia’s New Battleground’ or to further deteriorate? Are the ‘centrifugal’ University of Oxford. was generated by the negative macro headlines.” and ‘Asian Juggernaut: The Rise of China, forces within China growing and how is this likely to Bloomberg BusinessWeek, January 11th 2012 impact upon China’s internal and external policies? Dr. Cheng Li India and Japan’ Director, John L. Thornton China Center, ‘We are all global macro managers now’ Professor Chellaney is widely regarded Brookings Institute as one of India’s leading strategic Discuss Professor Hugh White Head of Strategic and Defence Studies, Director, thinkers and analysts, and is also a Over the last three years investors have become National Committee on US-China Relations – USA well-known newspaper and television increasingly fixated on liquidity, credit and Australian National University commentator on international affairs counterparty risk. Have managers and investors Director, Dr. Cheng Li grew up in Shanghai He is one of the authors of India’s neglected geopolitical risk when assessing overall Australian Strategic Policy Institute 2001-2004, during the Cultural Revolution. In 1985 nuclear doctrine and its first strategic defense portfolio risk? Will the re-emergence of geopolitical Deputy Secretary, he came to the United States, where review. He was an adviser to India’s National risk factors lead to a reassessment re-pricing of he received an M.A. from UC Berkeley Security Council and served as Convenor of the emerging markets assets? Will the macro driven Department of Defence 1995-2000 - Australia and a Ph.D. in Political Science from External Security Group of the National Security characteristics of the 2011 market – where the The Australian National University Princeton University. Dr. Li is the author Advisory Board, as well as member of the Board’s strengths and weaknesses of individual companies (‘ANU’) has been consistently ranked as or the editor of ‘Rediscovering China: Dynamics and Nuclear Doctrine Group. Professor Chellaney is the have less impact upon their share price than Australia’s leading research university Dilemmas of Reform’, ‘China’s Leaders: The New author of six books, with the latest being Water: wider macro issues – continue into 2012? If so, by international research bodies. Hugh Generation’, ‘Bridging Minds Across the Pacific Asia’s New Battleground (Georgetown University what implications will this have for the returns of White is head of ANU’s Strategic and China’s Changing Political Landscape’ and ‘China’s Press, Washington, DC) which examines how the different types of hedge fund strategies in 2012? Defence Studies Centre (‘SDSC’) and Emerging Middle Class.’ He is frequently called battle over increasingly scarce water resources is What are the implications and opportunities created also serves as Professor of Strategic Studies at on to share his unique perspective and insights in danger of becoming the geopolitical trigger point by other macro developments such as the rise of the Centre. SDSC is Australia’s leading centre for as an expert on China and has recently appeared in Asia. He is also the author of the international the Asian consumer and growing BRIC demand for the study of strategic, defence and wider security on CNN, C-SPAN, the BBC, Voice of America, the bestseller, Asian Juggernaut: The Rise of China, commodities? issues. Established in 1966, the SDSC studies the PBS NewsHour, Charlie Rose, Foreign Exchange India and Japan (HarperCollins, New York). The strategic, defence and wider security issues of the with Fareed Zakaria, and NPR’s Diane Rehm Show. book focuses on how a fast-rising Asia has become Asia Pacific region and their projected impact upon He has been featured in The New York Times, The the defining fulcrum of global geopolitical change,14 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 15. 11.15am Credit The ASEAN Region’s Reinforcing Asia’s Economic Future Economic Growth Institutional investors from around the world reflect on the Global ARC / Preqin study 1.40pm Our panel of leading institutional investors will 9.05am 10.10am discuss the Preqin findings and their implications. KEYNOTE: Sovereign debt: just how insulatedKEYNOTE: A dialogue with the Rt. Hon. Lim Are any of the findings surprising? Given the are Asian economies and Asian institutional “More and more hedge fund managers are increasing importance of Asian investors to the investors from Europe’s on-going economicHng Kiang. determined to make their mark on Asia... If hedge World economy are any of these findings a causes crisis? funds succeed they could help spur Asian capital for concern or for optimism? Are any of theThe Rt. Hon. Lim Hng Kiang M.P. markets to grow bigger and more versatile. Few In contrast to their European and North American differences permanent or are the views of AsianMinister of Trade and Industry, parties have more if an interest than they in seeing counterparts the budgets of the majority of investors converging with those of institutionalGovernment of Singapore, Asian markets become more liquid and more Asian countries are fairly healthy. Mindful of the investors in the rest of the world? sophisticated, since trading is how they humiliation of the 1997 Asian currency crisisDeputy Chairman, many Asian countries have also accumulated make their livelihood.”Monetary Authority of Singapore significant currency reserves to cushion themselvesBoard Director, The Economist, November 3rd 2011 12.00pm against a repeat of 1997. Many feel that theseGIC – Singapore Might a more vibrant Asian hedge fund The future of funds of funds financial protections combined with the increasing industry reinforce Asian economic growth? Are funds of funds being forced to transition into a displacement of Asia-Western trade by intra-Asian Lim Hng Kiang has served as less directive, more consultative role in investors’ trade will insulate the Asian economies from the Singapore’s Minister for Trade and One of the biggest impediments to Asia’s on-going selection of hedge funds? Are hedge funds of funds worst of any further western downturns. Industry since 2004 and as a member development has been lack of access to deep and of Cabinet since 1999. The Ministry Of liquid capital markets. Without such access the the only safe route for the novice Asian hedge fund investors or do multi-strategy hedge funds offer Professor Joseph Stiglitz Trade and Industry is responsible for growth of many small and mid-sized industrial and manufacturing companies in Asia is stymied. This similar advantages without the additional layer of 2001 Nobel Laureate for Economics,directing the formulation of policies related to thedevelopment of trade and industry in Singapore. In panel will examine the ways in which the growth fees? University Professor,addition to his ministerial position, Lim Hng Kiang is of a vibrant Asian hedge fund industry might assist Columbia University,also the Deputy Chairman of the Monetary Authority in the growth of deeper and more liquid capital markets and in so doing further hasten economic 12.30pm Chief Economist,of Singapore (MAS) and a Board Director of the The World Bank, 1997-2000Government of Singapore Investment Corporation growth in the region. Lunch Chairman,(GIC,) which was established by Government ofSingapore in to manage Singapore’s foreign President Clinton’s Council of Economicreserves. Lim Hng Kiang was first elected to Hedge Funds in Asia: 1.35pm Advisers, 1995-1997 - USAParliament in 1991. Lim was appointed a Minister The Investor Perspective Opening remarks by the chair Joseph Stiglitz is probably the highestof State at the Ministry of National Development profile economist in the world. Hein 1991 and later became Minister of State at the has had an exceptionally high profileMinistry of Foreign Affairs. In 1995, Lim became 10.55am role both in academia and in realthe Minister for National Development and Second world policy making. He has receivedMinister for Foreign Affairs. In 1998, he relinquished The Global ARC / Preqin study of Asian many academic awards for his work,the role of Second Minister for Foreign Affairs institutional investors including the Nobel Prize for Economics in 2001and became the Second Minister for Finance. In and the John Bates Clark Award in 1979 given Global ARC has commissioned Preqin to present1999, Lim became the Minister for Health, he biennially by the American Economic Association a specially-commissioned research on Asianalso retained the portfolio of Second Minister for to the economist under 40 who has made the most institutional investors’ asset allocation biases, riskFinance. In 2003, Lim was made a Minister in the significant contribution to the field. The author and fee tolerances. How do these characteristicsPrime Minister’s Office. of numerous books, his newest book ‘Freefall: compare with those of European and North American institutional investors’ and what implications does America, Free Markets, and the Sinking of the9.45am this have for Asian investors openness to alternative World Economy’ has been widely praised in the investment products? press and gone on to become an internationalMorning Coffee bestseller. In 2008 he was asked by the French This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 15
  • 16. President Nicolas Sarkozy to chair the Commission 3.50pm The Future of Asia positions spanning over fifty years, Lee Kuan Yew is on the Measurement of Economic Performance and also one of history’s longest serving ministers. Lee Social Progress, which released its final report in KEYNOTE: Is China going to be the next Kuan Yew has remained one of the most influential September 2009. In 2009 he was appointed by the distressed credit market? political figures in South-East Asia and is renowned 4.30pm President of the United Nations General Assembly for his geostrategic vision, Dr. Henry Kissinger has as chair of the Commission of Experts on Reform Carl Walter and Fraser Howie KEYNOTE: A dialogue with His Excellency Lee recently stated that “I’ve not learned as much from of the International Financial and Monetary System, Co-authors of ‘Red Capitalism: The Fragile Kuan Yew. anybody as I have from Mr Lee Kuan Yew;” whilst which also released its report in September 2009. President Barack Obama has described Lee Kuan Financial Foundation of China’s Extraordinary From 1995 to 1997 Joseph Stiglitz served in the Professor Joseph Stiglitz Yew as “One of the legendary figures of Asia in the Clinton Administration as the chair of President Rise’– USA/Singapore 20th and 21st centuries. He is somebody who helped 2001 Nobel Laureate for Economics, Clinton’s Council of Economic Advisors, a position While China has ostensibly cornered to trigger the Asian economic miracle.” Lee Kuan with cabinet rank, and then as Chief Economist of the market in US currency, treasury and University Professor, Yew graduated The World Bank from 1997 to 2000. He has also agency bonds and pushes full steam Columbia University, acted as an unofficial advisor to President Barack ahead in a seemingly unstoppable rise Chief Economist, Obama, who has been quoted in the New York Times on the global stage, what undergirds The World Bank, 1997-2000 5.30pm stating “I have enormous respect for Joe Stiglitz, its financial edifice is a fragile banking Chairman, Closing remarks by the chair I read his work all the time” He holds a PhD in system that threatens to undermine its sustainability Economics from MIT. and success. This forms the main vein of the timely President Clinton’s Council of Economic new book, “Red Capitalism: The Fragile Financial Advisers, 1995-1997 - USA 5.35pm Foundation of China’s Extraordinary Rise” by Carl Please refer to Monday 1.40pm session for Professor Stiglitz’s bio. 2.20pm E. Walter and Fraser J.T. Howie. Throwing light Networking cocktails and canapés How will hedge fund investment strategies on China’s financial labyrinth, the book traces how His Excellency Lee Kuan Yew the Chinese government reformed and modeled need to evolve in response to the changing Minister Mentor, 2004-2011, its financial system in the 30 years since it began stage of the credit cycle? engaging with the west. Red Capitalism has been Senior Minister, 1990–2004, Which characteristics of the current credit market published to rave reviews: Prime Minister, 1959-1988 reflect real long term structural shifts in the market Government of Singapore – Singapore “ Red Capitalism is a must-read for anyone who wants and which are merely cyclical in nature? How is this to understand the sources of Chinese economic Lee Kuan Yew served as the first Prime likely to impact upon the volatility and the return power, and the threat posed by the nation’s vast Minister of the Republic of Singapore, characteristics of credit investing? What types of hidden debts. ” China Economic Quarterly governing for three decades from hedge fund credit strategies will prosper if we really 1959 to 1988. By the time he chose to are entering a continued protracted low interest “ Walter and Howie debunk a number of common step down in 1988, to enable a stable environment? How should this inform hedge fund myths about China’s financial markets in this leadership renewal, he had become strategies? excellent new book. The authors have done their the world’s longest-serving Prime Minister. As homework, digging beneath the surface of China’s the co-founder and first Secretary-General of the financial world to reveal uncomfortable truths about People’s Action Party (PAP), he led the party to eight 3.20pm a financial system riddled with hidden landmines victories from 1959 to 1990, and oversaw Singapore’s Afternoon Coffee that threaten to undermine China’s hard fought transformation from a relatively underdeveloped economic success “ The Wall Street Journal colonial outpost with no natural resources into a first world nation with one of the highest per “ Red Capitalism provides a way into the world’s capita incomes in the world and a public service most important and least understood financial internationally lauded for its efficiency and probity. system. For insight into how China’s economy Lee Kuan Yew was appointed Senior Minister by actually operates, begin here ! “ The Economist Singapore’s second prime minister, Goh Chok Tong, in 1990, before becoming Minister Mentor when Lee Hsien Loong, became the nation’s third prime minister in 2004. With his successive ministerial16 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 17. Global ARC Tuesday 21st February 20127.25am the Indian Express recently listed him Pension Gaps and Hedge Funds Due Diligence amongst the Top 10 economists in its ranking ofOpening remarks by Chair ‘The Most Powerful Indians in 2010.’ Since 2007 he has served as Professor at the prestigious National Institute for Public Finance and Policy in New Delhi. 8.30am 10.30am India The National Institute for Public Finance and Policy “ With shrinking families, little state support “Asia-based hedge funds are charging the is an Indian agency linked to the government which and inadequate retirement planning, many in Asia’s industry’s lowest management and performance conducts research on public finance and contributes7.30am in the process of policy-making relating to public urban middle classes are scared of fees in a bid to attract institutional investors.” being broke and alone in old age.” Asian Investor, November 1st 2011KEYNOTE: Are economic reforms finally going finance. Ajay Shah is co-head of the The National BBC News, November 22nd 2011to allow India to realise its full economic Institute for Public Finance and Policy-Department What currently constitutes best practice hedge of Economic Affairs Research Programme, his How are sovereign wealth funds and pension fund fee structures and contractual terms?potential? research interests include policy issues on Indian funds positioning their asset allocation to dealIndia’s leaders have recently sought to open up economic growth, open economy macroeconomics, Are Asian investors more fee sensitive than their with the shifting age demographics? US and European counterparts and, if so, why?the Indian domestic market to overseas capital public finance, financial economics and pensions. Inflows. Yet their efforts to attract overseas investors the past decade, he was extensively involved in the Only in the last couple of years have many Asian Do Asian investors have less respect for activehave been hampered by India’s recent corruption policy process in the reforms of the equity market countries begun to waken to the financial challenges management – opting instead to make direct betsscandals, rising inflation and growing budget and the New Pension System. He also serves as the that their ageing populations will present in the on markets and companies themselves? How candeficits. Such headlines risk reinforcing in overseas research firm GlobalSource Partners’ local advisor coming years. How can Asian pension funds benefit hedge funds rework their remuneration structuresinvestors minds the historic typecasting of India in India. Before joining the National Institute for from asset liability modelling and liability-driven to be more sensitive local sensibilities withoutas a country of first class ‘software’ ( with its Public Finance and Policy he served as advisor to investing? Are these techniques applicable to Asian undermining the very incentive structure that drivessuperb Indian Institute of Technologies university the Department of Economic Affairs. Ajay holds a pensions or do they require modifications? hedge fund outperformance in the first place?system, highly educated professional classes Ph.D. in Economics from University of Southernand powerfully entrepreneurial private business California and a B.Tech from IIT.culture) perennially held back from reaching its full 9.15am 11.15ampotential by its third rate ‘hardware (overburdened What role can hedge funds play a role in What currently constitutes best practice hedgeand inefficient road and Infrastructure and an 8.00am better matching the assets and the liabilities fund due diligence?overbearing, inefficient bureaucracy.) How informed of pension funds? KEYNOTE: Can India continue to prosper long Are pensions and endowments currently allocatingare these opinions? How might India’s infrastructure term in the face of so many exogenous and Many hedge fund products are less focussed upon sufficient resources to the operational demandsand structural challenges best be addressed? Whatimplications does this carry for India’s long term indigenous political and economic threats to boosting investors’ returns than upon reducing of hedge fund investing? What role can new its stability? the volatility of investor returns. Typically this is operational and due diligence systems such aseconomic growth and for its long term ability to achieved by seeking investments which display low managed accounts and risk management systemsattract increased amounts of overseas investment? Professor Brahma Chellaney - India correlation with traditional investment markets. play in helping investors assess hedge funds? HowWhat key indicators should investors watch out for What role can portable alpha strategies play in a can institutional investors best judge the quality ofthat signal that meaningful ‘hardware’ reform is Professor of Strategic Studies, liability driven investing context? How can different a hedge fund’s internal risk management systems?finally occurring in India? Centre for Policy Research, types of hedge funds be best used by pension funds Investors are being urged to focus more on qualitativeProfessor Ajay Shah Author of ‘Water: Asia’s New Battleground’ and government better plan for and match their factors when judging hedge fund managers; by and ‘Asian Juggernaut: The Rise of China, projected liability streams? their very nature qualitative judgements are moreProfessor of Public Finance and Policy, India and Japan’ difficult to systemise and codify, something whichNational Institute of Public Finance and is essential for process driven large institutional Please refer to Monday 7.30am session for Professor Chellaney’s bio.Policy – India 10.00am investors: how can investors square this circle? Ajay Shah is one of the most Professor Ajay Shah Morning Coffee influential economists in India. The Indian Business Standard has listed Professor of Public Finance and Policy, 12.00pm him as one of the ‘Experts who wield National Institute of Public Finance and Lunch enormous influence in their fields’ and Policy – India Please refer to Tuesday 7.30am session for Professor Shah’s bio. This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 17
  • 18. Streamed Sessions 2.45pm Social Security of China, the Advisory Committee The China-US Relationship of the Hong Kong Center for Monetary Policy and Afternoon Coffee is a member of the Monetary Policy Committee of Delegates will have the opportunity to select the People’s Bank of China, is an advisor to the 4.25pm between four parallel streamed sessions State Foreign Exchange Administration of China. - stream A or stream B, stream C or stream China Professor Fan Gang is a consultant to the World “Throughout history, the most important D - providing delegates with the opportunity to Bank, UNDP, ESCAP and to the OECD. He has geopolitical relationship has been between the customise the event to better satisfy their written over 100 academic papers published in world’s great power, currently the US, and the particular interests. 3.10pm Chinese and English journals and more than 200 world’s greatest power, currently China…. For years, KEYNOTE: China’s Macroeconomic outlook articles in newspapers and magazines published China tried to avoid waking up the American around the world. He the author of eight books so 1.05pm Is the Chinese government succeeding in its far. He holds a PhD in Economics from Harvard ‘sleeping tiger.’ Now the tiger is stirring. A new Great Game is beginning.” objective of building a strong domestic market for University. 1) Are the investment opportunities in The Financial Times, November 23rd 2011 its own goods and services? Have China’s economic the European distressed debt market now and structural challenges been underplayed? If so, KEYNOTE: China’s rise: a repeat of the ‘German sufficiently compelling to justify the risks? is Chinese growth overestimated? What are the “China is poised to unveil measures to bolster the country’s nascent short-selling industry in an effort tragedy’? 2) What are the prospects for the Japanese implications for Asian institutional investors? to deepen its capital markets… Beijing will create a There are many interesting parallels between the economy and for Japan based hedge fund new body called the Centralised Securities Lending rise of China in the early years of the 21st century Professor Fan Gang strategies? Exchange to facilitate short selling.. Beijing’s and the rise of Germany one hundred years earlier. Secretary General, China Reform Foundation move will spur the development of a serious In both cases the previously hegemonic power – 3) Meeting the hedge fund investing needs Director, National Economic Research hedge fund industry in China” Great Britain in the 1900s’ and the United States of family offices Institute (NERI) The Financial Times, January 4th 2011 in the 2000s’ – felt threatened by the rise of the new powers and as a result resisted rather 4) How can we best achieve a regulatory Professor, Graduate School of Chinese 3.40pm than accommodated their growing influence. Niall balance that protects the interests of the Academy of Social Sciences (CASS) – China Ferguson will examine the parallels between the Hedge Fund Investment opportunities in China investor and the wider economic system rise of China and German and analyse whether Professor Fan Gang is one of China’s Will the opening of China’s new Centralised without unduly constraining the investment most influential economists and one of the United States and China risk replaying the freedom of the hedge fund manager? Securities Lending Exchange invigorate the Chinese China’s leading reform advocate and dysfunctional and ultimately tragic relationship hedge fund market? How can hedge funds deal has been repeatedly ranked in Foreign between Germany and Great Britain. What lessons with the uncertainties created by a lack of certainty Policy magazines. “world’s top 100 can the current political leaders of the US and regarding legal and property rights ? China glean from the mistakes of their British and 1.55pm public intellectuals. His remarks are closely followed for clues about how Chinese leaders Germany predecessors? 1) The key Asian geopolitical fault lines are thinking about the global economy. Based in in Asia: where are they and what Beijing, he is the Director of the National Economic Professor Niall Ferguson implications do they carry for the region’s Research Institute (NERI) and Chairman of the Laurence A. Tisch Professor, future economic growth? China Reform Foundation, China’s first economic Harvard University, Professors High White, Cheng Li and Brahma think-tank. Trained at the Chinese Academy of Chellaney will continue their Monday keynote Social Science (CASS) and Harvard University, he William Ziegler Professor, discussion, providing investors with opportunity to is also a professor at several top universities Harvard Business School, explore these key issues in greater depth in China. Professor Fan Gang is a respected Senior Research Fellow, Jesus College, advisor to China’s leadership on economic reform 2) An interactive hedge fund due diligence and strategic development. He provides advice Oxford University – USA/UK role play to various departments of the Chinese central government, provincial governments as well as 3) What role can commodities investing play Chinese and international organisations. Among the in an institutional investors’ portfolio? long list of advisory positions he holds, he sits on the Advisory Committee of the Ministry of Labor and 4) Topic tba18 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 19. Named by TIME Magazine as one of 5.00pm academic articles on Chinese political and social the ‘100 Most Influential People in development and international comparative politics. the World,’ Niall Ferguson is one of KEYNOTE GREAT DEBATE: This House believes Pan Wei holds a Ph.D. in Political Science from the world’s leading historians of the that, due to its historical and cultural traditions, University of California, Berkeley. global economy. His book, ‘The Ascent China has no interest in supplanting the United of Money: A Financial History of the States as the world’s leading military power.World’, is an international bestseller and the basis In opposition to the motion In favour of the motionfor a multipart television documentary which airedon PBS in the U.S. and the BBC in the UK. His most Professor Niall Ferguson Professor Pan Weirecent book ‘Civilisation: The West and the Rest’, is Laurence A. Tisch Professor,currently being made into a TV documentary series Director, Center for Chinese and Harvard University,by Channel 4. Published in 2011, Civilization: The Global Affairs,West and the Rest examines what Ferguson calls William Ziegler Professor, Professor of International Studies, Pekingthe most “interesting question” of our day: “Why, Harvard Business School,beginning around 1500, did a few small polities on University - China Senior Research Fellow, Jesus College,the western end of the Eurasian landmass come Peking University’s Professor Pan Oxford University – USA/UKto dominate the rest of the world?” The historical Wei is one of the most influentialthemes explored by Niall Ferguson have urgent and original political thinkers within Please refer to Tuesday 4.20pm session for Professor Ferguson’s bio.relevance to the present as well as the past: China. He first came to internationalthe costs and benefits of economic globalization; prominence in 2003 with his paper the interface between finance and politics; the ‘Consultative Rule of Law’ that laid 5.45pmstrengths and limitation of American global power; out a road map for China to retain one-party rule Close of day twothe shifting of economic power from the west to in the indefinite future, arguing for a political patheast; and most recently the parallels between the that would focus on establishing the rule of law andGreat Depression of the 1930s and our current honest government, without democratic reform.Global crisis. Niall’s work regularly appears in As Chinese thinkers have grown more confidentthe New York Times, the Wall Street Journal, interest has grown in the search for a ‘China model’and in The Financial Times, where he also serves of political and economic development interestsas a contributing editor. As well as teaching at better suited to the particular needs of China, andHarvard University and Harvard Business School, with this interest in the ideas of Professor Panhe also serves as an advisor to GLG Partners, a have also grown. Professor Pan is Director, ofSenior Fellow at the Hoover Institution, Stanford Peking University’s Center for Chinese and Globaland Senior Research Fellow at Jesus College, Affairs and a professor of political science at theUniversity of Oxford. Niall holds a PhD in History School of International Studies, Peking University.from University of Oxford. Peking University (also known as ‘Beida’) is the foremost university in China and regularly features in the top 50 universities in the World. The School of International Studies (SIS) of Peking University, is the first such school set up in Chinese universities. It is an important teaching and research platform devoted to the training of specialized talents in international studies, international political economy and diplomacy. Professor Pan has also taught at the University of California, Berkeley and the Graduate School of International Studies at Denver University. He is the author of several books and numerous This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 19
  • 20. Global ARC Wednesday 22nd February 2012 7.30am “ Every year has elements of unpredictability, 10.55am but what’s in play in 2012 goes far beyond Institutional Investors and Opening remarks by Chair the usual risk of policy slippages, unexpected Economic Development Is it possible for institutional investors to election outcomes and geopolitical hotspots. create strategic asset allocations that not only This is also about the global economy losing deliver strong returns to their members but Inflation or Deflation? important anchors…..thus investors must mitigate 10.20am also assist in the alleviation of poverty? risk not only by diversifying but also by using “Ask most investors what they worry about, active tail hedging aimed at protecting against “Muhammad Yunus, won the Nobel Peace Prize in 2006 and is probably the third world’s and they’ll tell you it’s inflation. But a growing the bad extremes of possible outcomes.” Conclusion number of economists and money managers The Wall Street Journal, January 9th 2012 most celebrated economist.” are starting to worry about the opposite Time, January 6th 2012 of inflation: deflation, a period of falling 9.05am 11.40am KEYNOTE: A keynote dialogue with Nobel prices and declining incomes.” Can hedge fund investments help protect Panel: Reflecting on and summarising the key USA Today, January 9th 2012 institutional investors against fat tail risk? Laureate Professor Muhammad Yunus. take outs from the congress sessions. 7.35am Fat tail risks are seen traditionally as risk events Professor Muhammad Yunus Our panellists will discuss what they feel are the that occur relatively infrequently but that when Which is the graver immediate threat to 2006 Nobel Laureate for Peace key recurring themes that have emerged from this they do occur can have potentially catastrophic year’s Boston event, and what these themes indicate global growth: inflation or deflation? How effects upon portfolios The volatility of the last Author of ‘Banker to the Poor - Bangladesh about the current state of the Global Investment should investors be positioning themselves in five years has forced investors to dramatically Muhammad Yunus is a Bangladeshi landscape and how it is likely to evolve over the next response to this? increase upwards the probability of fat tail risk economist and founder of the Grameen two to five years. impacting upon investor portfolios and with this the Bank, an institution that provides In late 2010 the world was pre-occupied with the amount of time and resources that they deploy to microcredit to help its clients establish fear of deflation. Over the last couple of months protect against it. From where are 2012’s macro sentiment has reversed with mounting concerns creditworthiness and financial self- 12.25pm fat tail risk shocks most likely to originate and how sufficiency. In 2006 Yunus received the over inflation. Our panelists will discuss which of should the smarter hedge funds and institutional Close of day three general sessions Nobel Peace Prize for his work. Yunus was chosen by these perspectives they think is the more valid and investors be protecting themselves against such Wharton School of Business for PBS documentary, what implications this will carry for equity markets eventualities? How can investors’ best utilise hedge as one of ‘The 25 Most Influential Business Persons and bond markets. funds to protect themselves against the investment of the Past 25 Years’. Time magazine listed him Closed Door Investor-Only Session repercussions of these violent shifts? Which types under “60 years of Asian Heroes” as one of the top 12 of hedge fund strategies are most resistant to and business leaders. Yunus was voted 2nd in Prospect Risk Management which most vulnerable to, high volatility investment Magazine’s 2008 global poll of the world’s top 100 environments? intellectuals and was ranked amongst the 100 of 12.30pm the world’s most influential people in the December 8.20am Closed door investor lunch 2009 Foreign Policy magazine’s FP 100 ranking. How can investors’ best appraise the He is a member of advisory board at Shahjalal quality of a hedge fund/hedge fund of funds risk 9.50am University of Science and Technology. Previously, 1.30pm management systems? Morning Coffee he was a Professor of Economics at Chittagong University where he developed the concepts of Commencement of investor only sessions How much of the leg work involved in appraising microcredit and microfinance. These loans are hedge fund managers’ internal risk management given to entrepreneurs too poor to qualify for systems should investors carry out themselves and traditional bank loans. He is the author of ‘Banker to 3.30pm how much should they outsource to consultants? the Poor’ and two books on Social Business Models, Close of investor only sessions If investors do outsource to consultants, do their and a founding board member of Grameen America generalist pension consultant have the depth of and Grameen Foundation. He is one of the founding expertise to meaningfully appraise these systems members of Global Elders, whose members have or should investors rely instead upon specialist included Nelson Mandela, Jimmy Carter and Kofi consultants? Annan. Yunus won a Fulbright scholarship in 1965 to study in the United States and completed a PhD in Economics from Vanderbilt University in 1971.20 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 21. This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 21
  • 22. Global ARC Singapore’s Lead Sponsors Diversified Global Asset Management (DGAM) is an Founded in 2000, GoldenTree is one of the largest Pyramis Global Advisors is an asset manager institutional fund-of-hedge fund manager based in independent asset managers specialized in focused on developing solutions to serve the needs Toronto and New York. It was founded in 2004, and corporate credit. Based in New York with offices of institutional investors around the world. Our multi- now comprises 30 professionals and USD 5.5 billion in London, Luxembourg and Seoul, GoldenTree asset-class investment platform featuring proprietary of assets under management. Our investment manages USD 15 billion in assets across a variety global sector, quantitative, and technical research— professionals have a long-standing reputation for of absolute return, long only and opportunistic all backed by Fidelity, with one of the world’s largest originating hedge fund strategies that are virtually strategies. With over one hundred and eighty research capabilities—seeks to generate diversified uncorrelated with equity and fixed income markets, employees including more than forty investment sources of alpha and a rigorous approach to risk and also exhibit statistical independence from professionals, GoldenTree’s investment philosophy management for clients. We feel our thought benchmarks of traditional hedge fund strategies. is based on the belief that competitive risk adjusted leadership and consultative approach make us DGAM is skilled at identifying and accessing the returns can be achieved by actively investing across exceptionally qualified to serve as a strategic partner. best hedge fund managers globally and building a company’s capital structure with high margins of While the Pyramis organization was formed in 2005, diversified value-added portfolio strategies to meet safety and identification of catalysts to drive returns. Fidelity has been managing money for institutions for client objectives. Our Diversified strategy is market GoldenTree’s foundation for consistent performance forty five years. Pyramis’ global research resources neutral, with low volatility, and hedged to crisis risk. is attributed to the quality of the investment team, include seasoned, sector-focused fundamental Our Unique strategy is focused on new, emerging disciplined process, risk management capabilities analysts covering industry sectors across US and and non-traditional hedge fund strategies. Our and sound business practices. GoldenTree’s global materials as well as quantitative and technical Custom strategies are tailored to individual client extensive infrastructure provides robust operational portfolio managers and analysts. Portfolio managers needs and may include premier non-traditional support to its investment funds and customized can take advantage of the best stock-picking ideas hedge funds, co-investment opportunities, tactical client solutions. GoldenTree is recognized for the from the sector teams who rely on Pyramis analyst trading opportunities and portfolio hedges. We firm’s ability to execute day-to-day operational research and may access the research of nearly five focus on building strong partnerships with our control to meet the requirements of an evolving hundred analysts across the entire Fidelity complex. clients and work collaboratively with them to meet regulatory environment. GoldenTree is registered their strategic investment goals. with both the SEC and FSA and is 100% employee owned by the firm’s twenty three partners.22 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.
  • 23. Global ARC Singapore’s Sponsors and Partners Education Partner ® CAIA® is an independent, not-for-profit global organization committed to education and professionalism in the field of alternative investments. Founded in 2002, the Association is the sponsoring body for the CAIASM designation. Recognized globally, the designation certifies one’s mastery of the concepts, tools and practices essential for understanding alternative investments and promotes adherence to high standards of professional conduct. Please refer to CAIA’s website at www.caia.org Industry Partner AIMA, is the hedge fund industry’s global, not-for-profit trade association with over 1,100corporate members worldwide. Members include leading hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting services and fund administrators. They all benefit from AIMA’s active influence in policy development, its leadership in industry initiatives, including education and sound practice manuals and its excellent reputation with regulators. For further information please refer to AIMA’s website at www.aima.org Investor Partner GAAI is an international association composed exclusively of plan sponsors, who share an interest in investments in alternative investment strategies. GAAI seeks to serve as an intellectual think tank where sharing experiences and ideas can improve the philosophy and investment processes of its members. If you have any questions regarding the GAAI please contact Tim Nguyen via the association’s website at www.altinvestor.org This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 23
  • 24. Registration Form: Global ARC Singapore 2012 20th, 21st, and 22nd February 2012 • The Ritz Carlton Millennia Hotel, Singapore Fax: +1 647 723 7460 • Email: david@global-arc.net Delegate Details Method of PaymentGiven Name Surname Visa Mastercard Cheque Please Make USD cheques payable to: This Ain’t Your Average Conference Company. Please tick the relevant payment box. Please note, we do not accept payment by American Express or DinersPosition Organisation Name of cardholder Expirary Date (M) (Y)Tel Fax Card numberEmail Signature of cardholderPostal AddressCity Post Code Country Global ARC Registration Limit In order to ensure maximum delegate diversity at the event, each non-sponsor hedge fund is limited to a maximum of 2 delegates per company. No additional staff will be allowed to attend the event beyond this number. Please Register Me ForPlease TICK the relevant registration figure and fax to +1 647 723 7460: Global ARC Singapore Venue USD registration per delegate for Register and pay before Register and pay before Register and pay after Delegates staying at the The Ritz Carlton Millennia Hotel are entitled to a special rate of SGD 375 plus tax, subject to availability, three days (general sessions only) January 10th 2012 February 10th 2012 February 10th 2012 provided you book no later than Monday 23rd January 2012. Any rooms booked after this date will be at the hotel’s prevailing rate. The Ritz Carlton Millennia Hotel, 7 Raffles Avenue, Singapore 039799 Switchboard: (+65) 6 337 8888 Standard Registration USD 10,995 USD 11,995 USD 12,995 AIMA Members USD 9,896 USD 10,796 USD 11,696 Global ARC Mailing Address CAIA Members USD 9,896 USD 10,796 USD11,696 Attn: David Stewart, Global Absolute Return Congress, 101-1001 West Broadway, Box 339, Vancouver, British Columbia Full time employees of not-for-profit V6H 4E4, Canada. Tel: +1 778 938 8202 Email: david@global-arc.net USD 695 USD 795 USD 895 pensions, sovereign wealth funds, endowments and central banks * Global ARC Contacts*Global ARC retains the right to determine whether a delegate qualifies for the subsidized rate. Please email David Stewart at Established in 2002, the Global Absolute Return Congress (‘Global ARC’) bringsdavid@global-arc.net to see if you qualify. together the world’s largest sovereign wealth funds, central banks, pension funds andGlobal ARC reserves the right to alter this program without notice and to refuse registrations from any organisation or individual endowments and the world’s foremost hedge funds to discuss best practice alternativedeemed by Global ARC to be incompatible with the event. Global ARC is closed to all media and press. investing strategies. To date our events have been held in Boston, San Francisco and London. Forthcoming events in 2012 include: Global ARC Singapore February 2012,GLOBAL ARC CANCELLATION POLICY: Should you be unable to attend, a substitute delegate from your company is welcome Global ARC London, May 2012 and Global ARC Boston, October 2012. Global ARC is wholly owned by its founder, David Stewart.to replace you at no extra cost, on condition that details of the substitute delegate are provided in writing at least 72 hours If you have any program or sponsorship enquiries regarding Global ARC please contact David Stewart at david@global-arc.netin advance of the event. Alternatively, a full refund minus a 20% cancellation fee is available provided written notification is and +1 (778) 938 8202 or Christopher Holt at christopher@global-arc.net and +1 (416) 419-1630 or Samantha Allworkreceived by Global ARC no less than four weeks before the event. at samantha@global-arc.net or visit www.global-arc.netIMPORTANT: cancellations received after 5pm EST Monday 23rd January 2012 will not be entitled to a refund nor to a creditnote for future events. In registering, delegates acknowledge and accept that no exceptions will be made to this four weekcancellation rule on any grounds, including, but not limited to: delegates inability to attend due to acts of terrorism, industrial GAAI Contactdisputes, personal or family emergencies, disruptions caused by weather, natural calamities or other acts of god. GAAI is an international association composed exclusively of plan sponsors, who share an interest in alternativeIn the unlikely event of Global ARC being cancelled for any reason, neither Global ARC nor its associated companies investments. GAAI serves as an intellectual think tank enabling its members to improve their investmentor its employees accept responsibility for travel and/or accommodation cost or consequential losses incurred by processes. Tim Nguyen is the Co-Founder of GAAI and serves as a senior investment professional at U.Connprospective delegates as a result of any such cancellation. Global ARC therefore recommends that prospective delegates arrange Foundation. He is currently Adjunct Professor at U.Conn’s School of Business, lectures at Brown University andappropriate insurance cover. Harvard Medical School and is an Executive Director at Harvard’s IEA. GAAI’s website: www.altinvestor.org This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.