The 3rd Annual
An investor-only forum for skill-based investment
management showcasing the world’s top-performing funds
Followed by GFA’s Annual Dinner and Awards
23rd January 2003
The Royal Lancaster Hotel, London W2
Gold Sponsors Silver Sponsor
Excellence in Asset Management
lobal Fund Analysis divides its manager research activity into three main categories.
G These are Opportunistic, Event Driven and Relative Value.The conference panels have
been designed to reflect this approach. Within these main sections we will cover
sub-categories of manager styles. In particular, we will divide the three opportunistic sessions
into panels which cover specific areas of investment such as long/short equity by region, and
some long-only and sector managers. As speakers are confirmed, the exact make up of each
panel will be posted on the conference web site at www.globalfundanalysis.com/excellence
8:00 Registration and coffee
8:30-8:40 Opening Address
David Moore, CEO, Global Fund Analysis
8:40-9:10 A VIEW OF THE WORLD ECONOMY FROM THE CENTRAL BANKER’S
CHAIR AND THE IMPLICATIONS FOR HEDGE FUND STRATEGIES IN
Moderated by: David Moore, Global Fund Analysis
Charles Gave, president of Global Fund Analysis and founder and co-chairman of GaveKal,
the longtime asset allocation partners of GFA
Anatole Kaletsky, co-chairman of GaveKal and economic commentator for The Times of London
9:10-10:10 ARE HEDGE FUNDS RELEVANT TO INSTITUTIONAL INVESTORS?
A topical discussion featuring senior executives from two of the world’s leading investment groups
Moderated by top-rated asset management analyst, Huw van Steenis, Morgan Stanley
Will Jump, chief executive officer, AXA Rosenberg
Alan Brown, group chief investment officer, State Street Global Advisors
10:10-10:30 Coffee Break
10:30-11:30 Discussion Panel including renowned industry gurus
Moderated by Nancy Curtin, chief investment officer, Fortune Group
Jack D. Schwager, author of the Market Wizards series, legendary hedge fund investor,
and advisor to Market Wizards Funds
Nassim Nicholas Taleb, author of the best-selling work: Fooled by Randomness and principal
and fund manager, Empirica Kurtosis
These key industry movers and shakers share original and often provocative
views that are now driving the debate on hedge funds.
11:30-12:30 THE BIG DEBATE: GFA will again pit against one another, two leading lights of the active
investment management world in a format guaranteed to pack the hall.
THE MOTION: “The only way to invest in hedge funds is through a fund of funds”.
FOR: "Hedge funds provide one of few bright lights on the investment horizon and fund of
funds help the uninitiated negotiate their way through a land of often arcane and complex
strategies in search of true skill-based investment management expertise."
Charles Hopkinson-Wooley, director, Deutsche Bank AG (London)
AGAINST: "Hedge Funds of Funds are nothing more than a short term expedient to enable big
investment groups to soak up cyclical demand for hedge funds - the fees are unjustifiable.They
have no foreseeable life span.”
Speaker to be confirmed
The views of the speakers do not necessarily reflect the views of their companies
12:30-14:00 Lunch Sponsored by
Here’s what people “GFA's Excellence is one of “I wanted to thank you for inviting
had to say about few events really worth attending.” me to ‘Excellence in Asset
Management’. Being relatively
Excellence in Asset “It was extremely well new in the market, I was able to
Management 2002: organized with an impressive meet quite a few new faces and
2 array of speakers, so well done I definitely enjoyed the sessions.”
to all at GFA/Fortune.”
Excellence in Asset Management
OPTION A OPTION B
14:00-15:00 OPPORTUNISTIC EMERGING MANAGER SHOWCASE
Moderator: Sanjay Tikku Moderator: Nancy Curtin
Stephen Morant, MW Japan Fund Ltd B,
Morant Wright Management
Hans Humes, Van Eck Global Opportunities Fund, presents the cream of the latest hedge
Van Eck Capital fund offerings
Rob Drijkoningen, INGIM EMD Hard Currency George Muzinich, Hedgeyield, Muzinich & Co.
Fund, ING Investment Management Simon Nocera, Lumen Global Emerging Value
Fund, Lumen Advisors
Chakara Sisowath, Comgest Asia Fund,
Comgest (Far East) Ltd
15:00-15:45 OPPORTUNISTIC RELATIVE VALUE
Moderator: Simon Hopkins Moderator: Stuart Martin
John Innes, MPC Pilgrim Fund, MPC Investors Andrew Hick, Compass I Fund,
Compass Asset Management
Christopher Murphy, The London Blue Chip
Fund, Pricepro Analysis Ltd George Philips, NW European Convertible
Arbitrage Fund, Axis Capital
Andrew Formica, Henderson UK Absolute Return
Fund, Henderson Global Investors George Long, LIM Asia Arbitrage Fund,
Long Investment Management
Jonathan Lamb, Principal, Market Neutral Funds,
Barclays Global Investors
15:45-16:00 Afternoon Tea Afternoon Tea
16:00-16:45 EVENT DRIVEN OPPORTUNISTIC-SECTOR MANAGERS
Moderator: Richard Tarvin Moderator: Simon Hopkins
Bruce Richards, Marathon Special Opportunity Stuart O’Gorman, Henderson Horizon Global Tech
Fund, Marathon Asset Management Fund, Henderson Global Investors
Paul Glazer, Glazer Offshore Fund, Paul Arena, Phoenix Four Fund,
Glazer Capital Management Strategic Resources Corporation
Other speakers to be confirmed Eric Jacobs, Acadia/Cerulean, Cerulean Partners
Moderator: Nancy Curtin
Michael Katz, Glenrock Global Partners (BVI) Inc.,
Moderator: Stuart Martin
Sohail Hasan, IIG Trade Opportunities Fund,
Glenrock Asset Management International Investment Group
Hugh Cohen, Ivory Investment Fund, Stephen Bossu, Global Interest Rate Fund Ltd.,
Ivory Capital Management Lotsoff Capital Management
Other speakers to be confirmed Harlan Simon, Trinity Fund, Clinton Group
18:15 Conference cocktail Sponsored by
19:30 Global Fund Analysis and Fortune Asset Management host their annual gala evening with live
entertainment from Paul McKenna and GFA’s Awards for Excellence in Asset Management
“Overall, congratulations for an “It was a pleasure meeting you “I just wanted to write and say
interesting conference, bringing at the Excellence in Asset how much I enjoyed the GFA
good insights and very well Management Conference. ‘experience’ last week.
organised.” We were grateful for the I learned a lot and the people
opportunity to participate and we met were very interesting.”
proud of our 5-star rating.” 3
Excellence in Asset Management
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OTHER SPONSORS as the market-leading hedge fund practice in the United
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we service, there are funds listed on the Dublin, London
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The Sponsors, Organiser & Media Partners
in the risk management industry. Our web-based risk We administer also Dutch regulated funds. In these
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to optimize risk, maximize return and make informed Dutch Central Bank performed a due diligence on our
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We administer from our Dutch offices over 100 investment qualitative overlay. Our task is to compliment the better
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DATE PAYMENT CONFIRMATION
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account in sterling booking together with your payment, we will
VENUE send you admission details and VAT receipt.
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