2010 Capital IQ Investor Leadership Forum (New York)

8:00am – 9:00am
Breakfast

9:00am – 9:05am
Argyle Executive Forum Opening Remarks

9:05am – 9:15am
Capital IQ Opening Remarks

D. Randall Winn
Executive Managing Director
Capital IQ

9:15am – 9:45am

"Downside Equity Protection – What Works, and What Doesn’t"

Session topics include, but are not limited to:

• Outlining the problem of portfolio beta/equity decline.
• In the current environment, why is it so important to find a solution?
• Discussion of the approaches and best practices for protective strategies.

Roy Niederhoffer
President
R.G. Niederhoffer Capital Management

*This session is off the record

9:45am – 10:00am

Audience Interaction

Led by:

Geoff Dolan
Client Development
Capital IQ

10:00am – 10:40am
Panel Discussion

“Financial Reform in 2011”

Session topics include, but are not limited to:

• Has the involvement of the Government, and consequently more regulation, caused an anti-business sentiment?
• Views on the SEC’s approach to pay-to-play/ Thoughts on the SEC agencies becoming more active.
• What kinds of opportunities have been created by Dodd Frank? And more generally speaking, do you see any opportunities arising from greater regulation and financial reform?
• How is reform/regulation going to affect the administration and the controls of funds?
• In a Post-Madoff era, is the SEC on a witch-hunt? And how can hedge funds differentiate themselves in a ‘guilty until proven innocent’ environment?
• Has the role of the government dis-incentivized companies to make acquisitions, grow, invest etc.? And coupled with a difficult lending environment for smaller companies, how does this affect overall growth and strength of recovery for the US?
• What are the implications of the November elections on the financial markets, and the reform process?

*This session is off the record

Moderator:

Jeremy Diamond
Central Region Head
Capital IQ

Panelists:
Bruce R. Kraus
Co-Chief Counsel  Division of Risk, Strategy and Financial Innovation
U.S. Securities and Exchange Commission

Simon M Lorne
Vice Chairman and Chief Legal Officer
Millennium Management LLC

David Martin
SVP, Director of Legislative Developments
AllianceBernstein, LP

10:40am – 11:00am
Coffee Break

11:00am – 11:30am

“Best practices in transparency and positioning yourself as an investor in 2011”

Session topics include, but are not limited to:

• How should investors be positioning themselves in a low interest rate and low growth environment?
• Thoughts on the shift towards predictions of deflation rather than inflation in 2011?
• Transparency: How much do investors really know? How should investors negotiate the differences between transparency in the public and private sectors?

Max Holmes
Founder & CIO
Plainfield Asset Management LLC

*This session is off the record

11:35am – 12:15pm
Panel Discussion

“Risk Management”

Session topics include, but are not limited to:

• In the current market, where return assumptions are lower, should investors take on greater risk to compensate for lower returns?
• A look at the different risks inherent with different managers/investors and how to manage this diversity of risk.
• A discussion of risk allocation as opposed to dollar allocation, and its relationship to risk parity.
• Best practices in effectively using benchmarking to manage risk.
• Investors are moving their money to mitigate risk, but it’s not clear where it should be moved to. Are real assets the most desirable asset class for managing risk?
• Thoughts on the validity of Managing Tail Risk. Is it something investors should be thinking about, or is it just something that comes with the territory?
• What are your individual ‘philosophies’ towards risk management?
• Thoughts on the return of basis risk.

Moderator:

John Krowas
Vice President, Quantitative Products
Capital IQ

Panelists:
Michelle R. Clayman, CFA
Managing Partner & CIO
New Amsterdam Partners LLC

Brian Golob
Global Chief Compliance Officer
Russell Investments

Michael Stohler, Ph.D.
Chief Risk Officer, Alternative Investments Group
JP Morgan

Timothy S. Wilson
Chief Risk Officer
Caxton Associates

12:20pm – 12:50pm

“Best Practices for Hedge Funds and Alternatives to Market Themselves to Investors”

Session topics include, but are not limited to:

• What strategies are most interesting to investors? What attributes lend to investor confidence? Are all funds in the same boat? Both large and small, new and established? Or are you seeing any trends for certain fund types having a harder/easier time?
• How do investors want to gain exposure to alternatives, both domestically and abroad?
• Is there a skeptical attitude towards alternatives (especially Private Equity and Hedge Funds) from investors? What are their thoughts on what the hot new investment vehicles are? Did funds that looked good through the crisis (because they weren’t exposed to alternatives) skew the view of the value of alternatives?
• Transparency: How much do investors really know? The importance of getting controls and accounting above board in order to be sustainable. How should investors negotiate the differences between transparency in the public and private sectors?
• How can managers research what differentiates themselves from their competitors?

Anthony Scaramucci
Managing Partner
SkyBridge Capital

12:50pm – 1:50pm
Lunch

1:50pm – 2:30pm
Panel Discussion

“The Global Marketplace”

Session topics include, but are not limited to:

• What’s your outlook on the role of Emerging Markets and Frontier Markets for investors? Are they really more attractive than developed markets?
• How do foreign investors view the US? Will there be a re-alignment of interest away from the US for investors in the next few years, e.g. China’s surge of investment in Brazil this year?
• A look at China versus India equities. China may have the reputation, but India has the growth potential. Which is better as a long term bet?
• Outlook on the European Markets: Were recent bank stress tests stringent enough? Sovereign debt crisis and its implications for the US. Views on the AIFM directive.
• Spotlight on Latin America: Often overlooked in favor of Asia, is that fair? Is political instability the main reason US investors are wary?

Moderator:

David A. Andelman
Editor
World Policy Journal

Panelists:
Nicolas Chaput
CIO Fixed Income and Money Markets
BNP Paribas Asset Management

Patrick Ryan Morris
Chief Executive Officer
HAGIN Investment Management

Josh Parrott
Director of Public Investments
HATTERAS FUNDS

Heidi Thompson, CFA
Senior Vice President, Portfolio Manager
Daiwa Asset Management (America) Ltd.

2:35pm – 3:15pm
Panel Discussion

“The State and Future of Quantitative Asset Management”

Session topics include, but are not limited to:

• Will quant managers continue to exist, and/or be valuable 2011? Or have the barriers to entry been lowered to the point of over-saturation?
• Discussion surrounding the continued value of quant strategies in 2011, and thoughts on how quant managers can be effective in an ongoing way.
• Looking forward: Quant managers were not the only people to suffer in the last 2 years, and as the markets have changed, how speakers are each working to that end to dispel common misconceptions and perceived homogeny among quant managers.

Moderator:

David S. Pope, CFA
Managing Director, Quantitative Research
Capital IQ

Panelists:
Janet Campagna
CEO
QS Investors, LLC

Vladimir De Vassal
Director of Quantitative Research
Glenmede Investment Management

Matthew S. Rothman, Ph.D.
Managing Director, Global Head of Quantitative Equity Strategy
Barclays Capital

Kevin W. Shea, CFA
Director of Quantitative Research
Cadence Capital Management

3:15pm – 3:45pm
Coffee Break

3:45pm – 4:35pm
Panel Discussion

“A Discussion of Asset Allocation & Diversification”

Session topics include, but are not limited to:

• A look at the perceived “failure” of diversification. What are the new (if any) approaches to portfolio construction and how viable are they as alternatives? And is this “failure” limited to a specific time frame rather than an entire history?
• How can asset allocations and portfolios be structured to prepare for and/or combat inflation or deflation?
• What does it mean to be truly “diversified”, in terms of the fundamental principles of volatility, correlation, returns?
• Views on allocating to factors rather than asset classes.
• What are your thoughts on increasing allocations to real assets in the current economic environment?
• Should asset allocation be based on the micro or macro events?

Moderator:

Carson Boneck, CFA
Managing Director, Quantitative Research
Capital IQ

Panelists:
Andrew Alford
Managing Director
Goldman Sachs Asset Management

Sebastian Echavarria
Managing Director
Highbridge Capital Management, LLC

Michael P. Hennessy
Managing Director
Morgan Creek Capital Management

Ray Joseph
Deputy CIO - Division of Investment
New Jersey Department of the Treasury

4:40pm – 5:10pm

"Outlook on China and its role in 2011"

Session topics to include, but not limited to:

• A look at China equity vs. the rest of the global/emerging market equity. What’s attractive/differentiating.
• How valuable are the small companies in China? Where do you see the most growth opportunities in China?
• What are foreign investors are looking for in the US? And specifically Chinese investors?
• Outlook on the relationship both financially and politically of China and the US going forward.

Eric Leng
Managing Director
UBS

Interviewed by:

David A. Andelman
Editor
World Policy Journal

5:10pm – 5:15pm
Closing Remarks

5:15pm – 6:15pm
Closing Reception

*Please note agenda is subject to change