Emerging Managers Summit and Awards Luncheon
May 14-16, 2008
Chicago Marriott Downtown Magnificent Mile
Last year we attended the Emerging Managers Summit and Awards Luncheon, an event that provides a unique opportunity to meet a diverse group of money managers and managers of managers. This year, we are a media sponsor for the event.
This year's event will take place at the Marriott Downtown on Chicago’s Magnificent Mile, and will feature the 2008 Emerging Manager Awards Luncheon, recognizing the leading emerging manager, emerging fund of funds, emerging hedge fund, emerging private equity manager, emerging consultant and the top emerging manager strategy.
Topics of Discussion at the Summit Include:
• Implementing an Emerging Managers Program into an Institutional Portfolio
• Private Equity Investments and Strategies
• How are Emerging Managers Creating Successful Styles and Strategies
• Manager Selection
• Emerging Managers in Alternative Investments
To register, visit www.opalgroup.net or email register@opalgroup.net
The full agenda follows:
Wednesday, May 14, 2008
7:30a - Exhibit Setup
11:00 - Registration Desk Opens
1:00p - Co-Chair Welcoming Remarks
1:55p - Consultants Roundtable
Panelists:
CLONTARF CAPITAL
MERCER INVESTMENT CONSULTING
3:15 - Refreshment Break
3:30 - Compliance in a Regulatory Environment
Emerging managers often do not have the resources to hire experts in the important area of compliance. These panelists will share insights into getting ready for an SEC exam.
• Policies and procedures
• Books and records requirements
• SEC current hot topics
• Implementing the new office of the chief compliance officer
• Annual review of compliance program
Panelists:
FULBRIGHT and JAWORSKI L.L.P
LEVENFELD PEARLSTEIN
4:15 - Meet the Emerging Managers
This session will consist of emerging manager firms each with eight minutes to speak. There will be no power point presentations during this session. The eight firms will discuss their background, strategy, methodology and performance of their funds. There will be a session leader carefully watching the time limit. After each firms has presented, we will open the floor to questions from the audience.
Panelists:
CARDINAL POINT CAPITAL LLC
GLAZER CAPITAL MANAGEMENT LP
OAKBROOK INVESTMENTS, LLC
MIDWEST ASSET MANAGEMENT
HARRISON STREET REAL ESTATE CAPITAL
PRISMA CAPITAL PARTNERS LP
HUBER CAPITAL MANAGEMENT
PARADIGM CAPITAL MANAGEMENT GROWTH ADVISORS
5:30 - Investing in emerging managers - What does the research really show?
• Equities
• Private equity
• Hedge funds
Moderator: Chief Investment Officer, TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS
Panelists:
NORTHERN TRUST GLOBAL INVESTMENTS
PERTRAC FINANCIAL SOLUTIONS
6:30 - Cocktail Reception
Thursday, May 15, 2008
7:15a - Continental Breakfast
Sponsored by: CLEAR ASSET MANAGEMENT, LLC
7:40a - Co-Chair Welcoming Remarks
9:00 - Private Equity Investment Styles and Strategies; Do Emerging Managers have an Edge?
• Can emerging private equity managers continue
• performance in multiple funds?
• What to look for in an emerging private equity manager
• Which fast-growth areas of emerging domestic markets exist for private equity investors
• How does an emerging private equity managers performance differ from an established manager in the event of a capital cycle downturn?
• Where to look for the best talent
Panelists:
CRESTVIEW CAPITAL PARTNERS
CHANNEL MEDICAL PARTNERS
What do Emerging Fixed Income Managers have to offer that sets them apart?
• Successful fixed income strategies to attain success
• Distressed debt
• High yield
• A case for an emerging fixed income manager
• What should investors be looking for in a emerging fixed income manager and what to avoid
Panelists:
SIMRAN CAPITAL MANAGEMENT LLC
STONEBRIDGE ADVISORS LLC
LM CAPITAL GROUP, LLC
10:15 - Fund of Funds - what impact have they have had on emerging hedge funds and can they sustain current performance?
• What do fund of funds look for in an emerging hedge fund?
• How does an emerging hedge funds performance compare to that of a non emerging fund?
• Can fund of funds continue identify emerging managers capable of out-performing across market cycles?
• What are realistic return expectations for fund of funds that allocates heavily to emerging hedge funds?
• Funds of emerging managers
Equity Investment Styles and Strategies
• What equity strategies are emerging managers using to stay ahead of the curve?
• Large Cap, mid cap, small cap. Where are the best returns coming from?
• Where to find the best value and growth managers and what to look for
Panelists:
MILLER HOWARD INVESTMENTS
FRANKLIN STREET PARTNERS
NOSTRADAMUS FUNDS, LLC
11:30 - Refreshment Break
11:45 - How are Emerging Managers making their Styles & Strategies Successful in today’s competitive environment? Which ones are outperforming the rest and which will work best for the future?
• Venture capital
• Hedge funds
• Socially responsible investments
• Domestic equity – small/mid/large cap
• Emerging managers in emerging markets
• International investments
• International equity
• How to best analyze their performance
Panelists:
CITIGROUP/SMITHBARNEY
PROFESSIONAL TRADERS MANAGEMENT
CHANNING CAPITAL MANAGEMENT
JEFFERIES and COMPANY, INC.
Pallet of Venture Capital Investment Styles and Strategies:
• How to best capitalize on the risk-adjusted return on capital invested
• Seizing the market opportunity offered By small, first-time Funds
• Employing unique and innovative strategies to maximize returns unavailable to investors engaged in more established strategies
• How do emerging venture capital managers handle deal sourcing, harvesting and sales
1:00p - Luncheon
2:15 - Manager Selection, “What every investor should know”
• Identifying Emerging Managers and Beginning the Process
Moderator:
MERCER INVESTMENT CONSULTING
Panelists:
NORTHERN TRUST GLOBAL INVESTMENTS
EACM ADVISORS LLC
3:30 - Refreshment Break
3:45 - "Financing Options for Emerging Managers"
• Best methods for incubating and seeding
• Synthetic investment strategies
• Unique financing alternatives
• How to best raise capital
Panelists:
NATIONAL BANK OF CANADA FINANCIAL INC.
What Are the Best Asset Classes and investment styles for an Emerging Manager? An Emerging Manager’s perspective.
• Equity volatility as an asset class
• A closer look at mid cap versus small cap
• Is it time to consider alternative investments?
• International investing: Is it time to look at India?
• How can real estate fit in your portfolio?
• Niche investment strategies
4:45 - Emerging Managers in Alternative Investments
• How has this groups performance compared to other groups in the alternative investment classes?
• What to look for in an emerging manager in terms of capacity agreements, fee sharing/discounts and transparency
• How to choose the accurate mix of emerging alternatives managers for your institutional portfolio
• Emerging hedge funds
• Emerging Fund of Hedge Funds
Panelists:
INDIGO ASSET MANAGEMENT
"Simultaneously Running and Doing the Business"
Institutional investors hear “pitches” at least five to ten times a day. How can you get your firm to stand out? Should you hire a third party marketer or have an internal marketing person? What should you highlight about your team and your fund? What kinds of things should you avoid discussing on a first meeting? What is the best way to ensure a second and third meeting
• How to market your fund
• Business challenges that face leaders today
Panelists:
LEVENFELD PEARLSTEIN
PROCTOR INVESTMENT MANAGERS LLC
5:45 - Pallet of Real Estate Investment Styles and Strategies:
• What it the difference between core-plus, value and opportunistic real estate?
• Direct real estate vs. REITS
• Examining the potential for retail, industrial, office and residential sectors
• Changing definitions of what are acceptable real estate investments
• Urban land development
Emerging Brokers and their evolving role
• How do brokers add value
• Expertise in institutional trading with creditable client references
• Global trading capabilities
• When do you need to hire
• Membership in a national or regional exchange
• Access to new issue products
• Access to liquidity
• When does a broker meet the requirements emerging?
• Adequate capitalization
• Investment in technology
• Market structure changes and the impact on US equity strategies
Panelists:
TERRA NOVA FINANCIAL LLC
RBC GLOBAL PRIME SERVICES
6:30 - Cocktail Reception
Friday, May 16, 2008
7:15a - Continental Breakfast
7:40 - Co-Chair Welcoming Remarks
7:50 - What is the current state of emerging manager programs? How do institutional investors who have Emerging Managers programs define “Emerging Managers?” What are some of the statutory or investment policy implications for institutional investors in developing Emerging Manager mandates? Can Emerging Managers generate excess performance and provide institutional investors with greater exposure to the real estate markets? Should investors take proactive steps to create a next generation of real estate investment managers? Is greater gender and ethnic diversity an appropriate objective? Are the characteristics of an emerging manager changing?
8:40 - “Why Small is still Beautiful” The benefits of “Keeping it Little” Manager Economies and Diseconomies of Scale
• Why keep from emerging?
• True or false: small = innovative creativity and big = bureaucracy. Does this still hold true?
• Alignment of interests
• Depth of resources
• Business risk: what is the best way to manage it?
• Screens?
• Fund of funds managers
• Fund infrastructure
• The cost to trade
10:00 - Investing in Domestic Emerging Markets/ETI
• Learn how public plans and other institutional investors are adopting economically-targeted investing (ETI) strategies
• Utilizing industry benchmarks to track financial performance of ETI
• Evaluating ETI strategies from both financial and community impact perspectives
11:00 - Manager of manager, fund of funds, consultants round table
11:45 - Co-Chair Closing Remarks
May 14-16, 2008
Chicago Marriott Downtown Magnificent Mile
Last year we attended the Emerging Managers Summit and Awards Luncheon, an event that provides a unique opportunity to meet a diverse group of money managers and managers of managers. This year, we are a media sponsor for the event.
This year's event will take place at the Marriott Downtown on Chicago’s Magnificent Mile, and will feature the 2008 Emerging Manager Awards Luncheon, recognizing the leading emerging manager, emerging fund of funds, emerging hedge fund, emerging private equity manager, emerging consultant and the top emerging manager strategy.
Topics of Discussion at the Summit Include:
• Implementing an Emerging Managers Program into an Institutional Portfolio
• Private Equity Investments and Strategies
• How are Emerging Managers Creating Successful Styles and Strategies
• Manager Selection
• Emerging Managers in Alternative Investments
To register, visit www.opalgroup.net or email register@opalgroup.net
The full agenda follows:
Wednesday, May 14, 2008
7:30a - Exhibit Setup
11:00 - Registration Desk Opens
1:00p - Co-Chair Welcoming Remarks
1:55p - Consultants Roundtable
Panelists:
CLONTARF CAPITAL
MERCER INVESTMENT CONSULTING
3:15 - Refreshment Break
3:30 - Compliance in a Regulatory Environment
Emerging managers often do not have the resources to hire experts in the important area of compliance. These panelists will share insights into getting ready for an SEC exam.
• Policies and procedures
• Books and records requirements
• SEC current hot topics
• Implementing the new office of the chief compliance officer
• Annual review of compliance program
Panelists:
FULBRIGHT and JAWORSKI L.L.P
LEVENFELD PEARLSTEIN
4:15 - Meet the Emerging Managers
This session will consist of emerging manager firms each with eight minutes to speak. There will be no power point presentations during this session. The eight firms will discuss their background, strategy, methodology and performance of their funds. There will be a session leader carefully watching the time limit. After each firms has presented, we will open the floor to questions from the audience.
Panelists:
CARDINAL POINT CAPITAL LLC
GLAZER CAPITAL MANAGEMENT LP
OAKBROOK INVESTMENTS, LLC
MIDWEST ASSET MANAGEMENT
HARRISON STREET REAL ESTATE CAPITAL
PRISMA CAPITAL PARTNERS LP
HUBER CAPITAL MANAGEMENT
PARADIGM CAPITAL MANAGEMENT GROWTH ADVISORS
5:30 - Investing in emerging managers - What does the research really show?
• Equities
• Private equity
• Hedge funds
Moderator: Chief Investment Officer, TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS
Panelists:
NORTHERN TRUST GLOBAL INVESTMENTS
PERTRAC FINANCIAL SOLUTIONS
6:30 - Cocktail Reception
Thursday, May 15, 2008
7:15a - Continental Breakfast
Sponsored by: CLEAR ASSET MANAGEMENT, LLC
7:40a - Co-Chair Welcoming Remarks
9:00 - Private Equity Investment Styles and Strategies; Do Emerging Managers have an Edge?
• Can emerging private equity managers continue
• performance in multiple funds?
• What to look for in an emerging private equity manager
• Which fast-growth areas of emerging domestic markets exist for private equity investors
• How does an emerging private equity managers performance differ from an established manager in the event of a capital cycle downturn?
• Where to look for the best talent
Panelists:
CRESTVIEW CAPITAL PARTNERS
CHANNEL MEDICAL PARTNERS
What do Emerging Fixed Income Managers have to offer that sets them apart?
• Successful fixed income strategies to attain success
• Distressed debt
• High yield
• A case for an emerging fixed income manager
• What should investors be looking for in a emerging fixed income manager and what to avoid
Panelists:
SIMRAN CAPITAL MANAGEMENT LLC
STONEBRIDGE ADVISORS LLC
LM CAPITAL GROUP, LLC
10:15 - Fund of Funds - what impact have they have had on emerging hedge funds and can they sustain current performance?
• What do fund of funds look for in an emerging hedge fund?
• How does an emerging hedge funds performance compare to that of a non emerging fund?
• Can fund of funds continue identify emerging managers capable of out-performing across market cycles?
• What are realistic return expectations for fund of funds that allocates heavily to emerging hedge funds?
• Funds of emerging managers
Equity Investment Styles and Strategies
• What equity strategies are emerging managers using to stay ahead of the curve?
• Large Cap, mid cap, small cap. Where are the best returns coming from?
• Where to find the best value and growth managers and what to look for
Panelists:
MILLER HOWARD INVESTMENTS
FRANKLIN STREET PARTNERS
NOSTRADAMUS FUNDS, LLC
11:30 - Refreshment Break
11:45 - How are Emerging Managers making their Styles & Strategies Successful in today’s competitive environment? Which ones are outperforming the rest and which will work best for the future?
• Venture capital
• Hedge funds
• Socially responsible investments
• Domestic equity – small/mid/large cap
• Emerging managers in emerging markets
• International investments
• International equity
• How to best analyze their performance
Panelists:
CITIGROUP/SMITHBARNEY
PROFESSIONAL TRADERS MANAGEMENT
CHANNING CAPITAL MANAGEMENT
JEFFERIES and COMPANY, INC.
Pallet of Venture Capital Investment Styles and Strategies:
• How to best capitalize on the risk-adjusted return on capital invested
• Seizing the market opportunity offered By small, first-time Funds
• Employing unique and innovative strategies to maximize returns unavailable to investors engaged in more established strategies
• How do emerging venture capital managers handle deal sourcing, harvesting and sales
1:00p - Luncheon
2:15 - Manager Selection, “What every investor should know”
• Identifying Emerging Managers and Beginning the Process
Moderator:
MERCER INVESTMENT CONSULTING
Panelists:
NORTHERN TRUST GLOBAL INVESTMENTS
EACM ADVISORS LLC
3:30 - Refreshment Break
3:45 - "Financing Options for Emerging Managers"
• Best methods for incubating and seeding
• Synthetic investment strategies
• Unique financing alternatives
• How to best raise capital
Panelists:
NATIONAL BANK OF CANADA FINANCIAL INC.
What Are the Best Asset Classes and investment styles for an Emerging Manager? An Emerging Manager’s perspective.
• Equity volatility as an asset class
• A closer look at mid cap versus small cap
• Is it time to consider alternative investments?
• International investing: Is it time to look at India?
• How can real estate fit in your portfolio?
• Niche investment strategies
4:45 - Emerging Managers in Alternative Investments
• How has this groups performance compared to other groups in the alternative investment classes?
• What to look for in an emerging manager in terms of capacity agreements, fee sharing/discounts and transparency
• How to choose the accurate mix of emerging alternatives managers for your institutional portfolio
• Emerging hedge funds
• Emerging Fund of Hedge Funds
Panelists:
INDIGO ASSET MANAGEMENT
"Simultaneously Running and Doing the Business"
Institutional investors hear “pitches” at least five to ten times a day. How can you get your firm to stand out? Should you hire a third party marketer or have an internal marketing person? What should you highlight about your team and your fund? What kinds of things should you avoid discussing on a first meeting? What is the best way to ensure a second and third meeting
• How to market your fund
• Business challenges that face leaders today
Panelists:
LEVENFELD PEARLSTEIN
PROCTOR INVESTMENT MANAGERS LLC
5:45 - Pallet of Real Estate Investment Styles and Strategies:
• What it the difference between core-plus, value and opportunistic real estate?
• Direct real estate vs. REITS
• Examining the potential for retail, industrial, office and residential sectors
• Changing definitions of what are acceptable real estate investments
• Urban land development
Emerging Brokers and their evolving role
• How do brokers add value
• Expertise in institutional trading with creditable client references
• Global trading capabilities
• When do you need to hire
• Membership in a national or regional exchange
• Access to new issue products
• Access to liquidity
• When does a broker meet the requirements emerging?
• Adequate capitalization
• Investment in technology
• Market structure changes and the impact on US equity strategies
Panelists:
TERRA NOVA FINANCIAL LLC
RBC GLOBAL PRIME SERVICES
6:30 - Cocktail Reception
Friday, May 16, 2008
7:15a - Continental Breakfast
7:40 - Co-Chair Welcoming Remarks
7:50 - What is the current state of emerging manager programs? How do institutional investors who have Emerging Managers programs define “Emerging Managers?” What are some of the statutory or investment policy implications for institutional investors in developing Emerging Manager mandates? Can Emerging Managers generate excess performance and provide institutional investors with greater exposure to the real estate markets? Should investors take proactive steps to create a next generation of real estate investment managers? Is greater gender and ethnic diversity an appropriate objective? Are the characteristics of an emerging manager changing?
8:40 - “Why Small is still Beautiful” The benefits of “Keeping it Little” Manager Economies and Diseconomies of Scale
• Why keep from emerging?
• True or false: small = innovative creativity and big = bureaucracy. Does this still hold true?
• Alignment of interests
• Depth of resources
• Business risk: what is the best way to manage it?
• Screens?
• Fund of funds managers
• Fund infrastructure
• The cost to trade
10:00 - Investing in Domestic Emerging Markets/ETI
• Learn how public plans and other institutional investors are adopting economically-targeted investing (ETI) strategies
• Utilizing industry benchmarks to track financial performance of ETI
• Evaluating ETI strategies from both financial and community impact perspectives
11:00 - Manager of manager, fund of funds, consultants round table
11:45 - Co-Chair Closing Remarks