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| 09.15 | Hedge fund investments for German institutional investors
- Why invest in hedge fund products?
- How does an institutional investor find, source and analyse a hedge fund product?
- Why use hedge fund of funds products?
- What are the main risks and how to avoid them
- In-house management vs external advice - how to combine them
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| | Michael Busack,
Managing Partner,
Absolut Research
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| 10.00 | How you can invest in hedge fund products
- Product variants in Germany
- Custom-made solutions for institutional investors
- Selling requirements for hedge fund products
- Fiscal aspects in connection with hedge fund products
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| | Achim Puetz,
Co-Chairman,
Bundesverband Alternative Investments
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| 10.45 | Coffee break |
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| 11.30 | Regulatory framework of hedge fund products in Germany
- Overview of hedge fund products from the regulators perspective
- Regulatory regime of hedge fund products
- Options for the future
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| | Esther Wandel,
Asset Management Department,
Bundesanstalt fur Finanzdienstleistungsaufsicht
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| 12.15 | Lunch sponsored by:
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| 14.00 | Marketing of repackaged hedge funds to institutional and retail investors
- Regulatory and tax drivers for repackaging
- Best market practice
- Regulatory changes and tax reform in 2003
- Innovative structures in the light of the modified regulatory and tax environment
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| | Martin Krause,
Partner,
Linklaters Oppenhoff and Radler
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TRENDS AND DEVELOPMENTS IN THE HEDGE FUNDS INDUSTRY
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| 14.40 | Impact of market conditions on hedge funds
- Impact of different market conditions on hedge fund style
performance
- How to take market conditions into account when creating hedge fund investment portfolios
- How capital inflows and outflows affect performance of different hedge fund styles
- How to manage the capacity issue and its potential impact on performance
- Outlook for various hedge fund styles - how to set the right
expectations |
| | Madhav Misra,
CIO,
Allianz Hedge Fund Partners
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| 15.20 | Coffee break |
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| 16.00 | Global trends and developments
- When will the bubble burst Growth and capacity issues
- Global hedge fund trends - supply side and demand side
- The role of the banks
- Is hedge fund performance decreasing?
- Will hedge funds continue to outperform equities?
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| | Philipp Cottier,
CIO,
Harcourt Investment Consulting
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