More than Just Lines on a Map: Best Practices for U.S Bike Routes
S7C - Hedge Funds Brochure (New York, June 2016)
1. 23rd
–24th
June 2015
New York, USA
The Conference Programme
Day 1: Day 2:
SESSION 1: Hedge Fund Regulatory Overview and
Update
• EU Regulatory Framework (AIFMD; EMIR; PRIIPs,
UCITS V) and US Regulatory Framework (SEC
Registration, Dodd-Frank, FATCA).
• Regulatory Update (Latest Developments, Costs of
Doing Business, Barriers to Entry, New Regulatory and
Compliance Opportunities).
• Hedge fund investment outlook, trends, and
opportunities.
SESSION 2: Hedge Funds, MiFID II and MiFIR
• Overview of Key MiFID II obligations and concepts
(conduct of business obligations, transparency and
investor protection, third country firms).
• In-scope OTC derivatives and commodities markets and
commodity derivatives position limits.
• Key trading and reporting issues for Hedge Fund
Managers (different reporting templates, expanded
instruments, identifiers, reporting and trading algorithms).
SESSION 3: Hedge Funds, FATCA and the OECD CRS
• Definitions, the Three Pillars of FATCA (Classification,
Reporting, Withholding) and Passthru Payments.
• FATCA due diligence for Hedge Funds under Model 1
IGA, Model 2 IGA, and FFI Agreements.
• Assessing Hedge Fund compliance risks and costs.
• FATCA civil and criminal penalties.
• Analysing and comparing the OECD CRS Standard for
Automatic Exchange of Financial Account Information
(Model Competent Authority Agreement) (Common
Reporting and Due Diligence Standard).
SESSION 4: Hedge Funds, Business Continuity
Planning and Disaster Recovery Plans
• Building a Disaster Recovery Plan (objectives, capital
costs, underlying business requirements,
• The decision to outsource Disaster Recovery Plan
Development and key considerations.
• Evaluating technology solutions for data security and
protection.
• Key considerations in developing effective Business
Continuity Plans.
WORKSHOP 1: Hedge Fund Governance I
• How to define Hedge Fund Governance.
• Hedge Fund Governance Principles: Legal v. Best
Practice.
• Hedge Fund Quality Governance, Openness, and
Transparency Best Practices.
• Alignment of Interests, Fee Pressures, Agency Risk, and
Conflicts of Interest.
WORKSHOP 2: Hedge Fund Governance II
• Hedge Fund Investor Fee Structures – Alpha v. Beta
Gains, New Fee Structuring Practices.
• Managerial High Pay Performance Sensitivity.
• Evaluating the Effectiveness of Hedge Fund Boards.
• Corporate Governance, Ethics, and the Hedge Fund
Board.
WORKSHOP 3: Developing and Implementing an
Effective Compliance Program
• Developing an effective Compliance Program (books and
records; business continuity; compliance calendars; codes
of conduct; confidential information; conflicts of interest;
accounting practices; independent and fair valuations;
problematic valuations such as derivatives; leveraging
technology) and Compliance Outsourcing Options.
• Effective Risk Prevention and Remedy Plans and
strategies to anticipate future compliance and hazard risks.
• Effective Employee Misconduct Strategies (use or misuse
of property).
WORKSHOP 4: Hedge Fund Third Party Administration
• Selection of Third Party Fund Administrators (due
diligence, cost-benefit analysis, cost advantages, risk and
liability, perception of independence, administrator
agreements, procedures manuals, and the delegation of
core and non-core functions, 'NAV Lite' risks).
• Record keeping requirements, compliance rules,
compliance manuals, annual reviews.
• Third party fund administration technology and operational
offerings and strategic partnerships.
• Third Party Shadowing of Third Party Fund Administrators.
Hedge Funds:
Regulatory, Risk and Compliance
Compliance
Contact: Customer Services
Telephone: +44(0)20 7846 0076
Email: customer.services@storm-7.com
Online: www.storm-7.com
Your Expert Trainers
Jon S Aikman, Managing Lawyer, J. S. Aikman Corporation
Lawyer, Ontario, Solicitor, England & Wales
Rodrigo Zepeda, Managing Director,
Storm-7 Consulting Limited
Stephen Van Den Berg, Associate Director of Client Services,
Eze Castle Integration, London
Kevin Walsh, Chief Operating Officer,
TMF Custom House Global Fund Services
The Conference Training Programme
This two day intermediate to advanced level conference programme will provide delegates with comprehensive training in the latest
regulatory, risk, and compliance issues affecting the Hedge Fund and Alternative Investment Fund industries around the world today.
Delegates will be instructed on the latest regulatory developments affecting Hedge Funds and Alternative Investment Funds in the
European Union and the United States, as well as globally. The programme will provide a unique perspective on the latest trends and
opportunities affecting Hedge Funds and Alternative Investment Funds. Finally, delegates will benefit from expert insights into
enhancing operational and governance best practices, innovative third party administration practices, and streamlining existing Hedge
Fund and Alternative Investment Funds compliance program frameworks and strategies.
Media Partners
2. The Conference Programme
Day 1: Day 2:
SESSION 1: Hedge Fund Regulatory Overview and
Update
Jon Aikman
• EU Regulatory Framework (AIFMD; EMIR; PRIIPs, UCITS V)
and US Regulatory Framework (SEC Registration, Dodd-Frank,
FATCA).
• Regulatory Update (Latest Developments, Costs of Doing
Business, Barriers to Entry, New Regulatory and Compliance
Opportunities).
• Hedge fund investment outlook, trends, and opportunities.
SESSION 2: Hedge Funds, MiFID II and MiFIR
Rodrigo Zepeda
• Overview of Key MiFID II obligations and concepts (conduct of
business obligations, transparency and investor protection, third
country firms).
• In-scope OTC derivatives and commodities markets and
commodity derivatives position limits.
• Key trading and reporting issues for Hedge Fund Managers
(different reporting templates, expanded instruments, identifiers,
reporting and trading algorithms).
SESSION 3: Hedge Funds, FATCA and the OECD
CRS
Rodrigo Zepeda
• Definitions, the Three Pillars of FATCA (Classification, Reporting,
Withholding) and Passthru Payments.
• FATCA due diligence for Hedge Funds under Model 1 IGA,
Model 2 IGA, and FFI Agreements.
• Assessing Hedge Fund compliance risks and costs.
• FATCA civil and criminal penalties.
• Analysing and comparing the OECD CRS Standard for
Automatic Exchange of Financial Account Information (Model
Competent Authority Agreement) (Common Reporting and Due
Diligence Standard).
SESSION 4: Hedge Funds, Business Continuity
Planning and Disaster Recovery Plans
Stephan Van Den Berg
• Building a Disaster Recovery Plan (objectives, capital costs,
underlying business requirements,
• The decision to outsource Disaster Recovery Plan Development
and key considerations.
• Evaluating technology solutions for data security and protection.
• Key considerations in developing effective Business Continuity
Plans.
WORKSHOP 1: Hedge Fund Governance I
Jon Aikman
• How to define Hedge Fund Governance.
• Hedge Fund Governance Principles: Legal v. Best Practice.
• Hedge Fund Quality Governance, Openness, and
Transparency Best Practices.
• Alignment of Interests, Fee Pressures, Agency Risk, and
Conflicts of Interest.
WORKSHOP 2: Hedge Fund Governance II
Jon Aikman
• Hedge Fund Investor Fee Structures – Alpha v. Beta Gains,
New Fee Structuring Practices.
• Managerial High Pay Performance Sensitivity.
• Evaluating the Effectiveness of Hedge Fund Boards.
• Corporate Governance, Ethics, and the Hedge Fund Board.
WORKSHOP 3: Developing and Implementing
an Effective Compliance Program
Jon Aikman
• Developing an effective Compliance Program (books and
records; business continuity; compliance calendars; codes of
conduct; confidential information; conflicts of interest;
accounting practices; independent and fair valuations;
problematic valuations such as derivatives; leveraging
technology) and Compliance Outsourcing Options.
• Effective Risk Prevention and Remedy Plans and strategies
to anticipate future compliance and hazard risks.
• Effective Employee Misconduct Strategies (use or misuse
of property).
WORKSHOP 4: Hedge Fund Third Party
Administration
Kevin Walsh
• Selection of Third Party Fund Administrators (due diligence,
cost-benefit analysis, cost advantages, risk and liability,
perception of independence, administrator agreements,
procedures manuals, and the delegation of core and non-
core functions, 'NAV Lite' risks).
• Record keeping requirements, compliance rules,
compliance manuals, annual reviews.
• Third party fund administration technology and operational
offerings and strategic partnerships.
• Third Party Shadowing of Third Party Fund Administrators.
Regulatory developments on both sides of the Atlantic such as
Dodd-Frank in the US, and the AIFMD in the EU, have forced
hedge funds to re-think future investment, compliance and
administration strategies
3. Expert Trainer Biographies
Jon Aikman is the Managing Lawyer of J.S. Aikman Corporation and the Vice President of the Dundee Corporation,
Toronto, Canada. He is a qualified lawyer in Ontario, is a qualified solicitor in England and Wales, holds an MBA from
the University of Oxford, is a designated Chartered Investment Manager, and is a member of the New York State Bar
Association. He has broad, international experience in hedge funds, private equity funds, pension funds, sovereign
wealth funds, investments, and investment banking. He is adjunct faculty at Queen's University School of Business, is
a lecturer in finance at the Rotman School of Management (University of Toronto) and has lectured on a wide range
of topics such as corporate finance, derivatives, options and futures, and hedge funds. He is the author of 'When
Prime Brokers Fail' (Wiley, July 2010) and 'Hedge Fund Law and Finance: Regulation, Compliance, and Risk
Management' (American Bar Association, August 2015).
Rodrigo Zepeda is an expert consultant who specialises in derivatives and financial services law, regulation, and
compliance. He holds a LLM Masters degree in International and Comparative Business Law, has been an Associate
of the Chartered Institute for Securities & Investment since 2004, and has passed the New York Bar Examination. He
is a Reviewer for the Journal of Financial Regulation and Compliance and has also published widely in leading
industry journals such as the Capco Institute's Journal of Financial Transformation, the Journal of International
Banking Law and Regulation, as well as e-books on derivatives law. Noted publications include "Optimizing Risk
Allocation for CCPs under the European Market Infrastructure Regulation"; "The ISDA Master Agreement 2012: A
Missed Opportunity"; "The ISDA Master Agreement: The Derivatives Risk Management Tool of the 21st Century?";
"To EU, or not to EU: that is the AIFMD question"; and "The Industrialization Blueprint: Re-engineering the Future of
Banking and Financial Services".
Kevin Walsh is the Chief Operating Officer of TMF Custom House Global Fund Services, a leading provider of fund
administration services to the alternative investment sector. The firm's entrepreneurial environment, strong
commitment to a full and hands-on client experience, and independent ownership under the TMF Group umbrella
makes it a unique global fund administration services model in the alternative funds sector. Kevin has over 20 years
of experience in the funds industry, and is responsible for oversight of the company's eight fund service locations in
Europe, Asia and North America, as well as product development and business planning for fund administration and
client services. Kevin started his career in the funds industry in 1995 at the Bank of Bermuda and has a strong
operational, regulatory and product management focus and experience in banking and fund services. Kevin joined
HSBC as Head of Product Management Hedge Funds in 2008, was previously Head of Product Management Hedge
Funds & FoHF at HSBC Securities Services Ireland Ltd, and is a qualified ACCA accountant.
Stephen Van Den Berg is Associate Director of Client Services at Eze Castle Integration's London office. Mr. Van
Den Berg has over 13 years of experience within the IT industry, with eight years spent in the hedge fund and
alternative investment space. Mr. Van Den Berg is responsible for managing a team of engineers and client
relationship managers, ensuring all client expectations are exceeded and deliverables are met. Mr. Van Den Berg has
previously worked as an onsite engineer for Davidson Kempner European Partners and a client technology manager
at Eze Castle Integration before being promoted to an associate director of client services in July 2013. Eze Castle
Integration is the leading technology services provider for investment firms worldwide with more than 650 clients
spread across three continents. The Eze Private Cloud is the de facto private cloud for the investment industry,
supporting thousands of financial services end users and running more than 85 financial and trading applications. In
2014, the company received 13 industry awards.
