AINA - Feb 22-24, 2009

1. Delegate Information
February 22-24, 2009 | Sawgrass Golf Resort & Spa | Ponte Vedra, FL
As investors become more sophisticated
in the search of the optimal risk-return balance,
the market witnesses a booming demand
for alternative investment vehicles.
Alternative Investments North America Summit
2009 provides a revolutionary platform
for institutional investors to remain
on the edge of new investment strategies
and innovative asset classes in the quest
for enhanced portfolio yields.
summits www.marcusevans.com

2. February 22-24, 2009 | Sawgrass Golf Resort & Spa | Ponte Vedra, FL Delegate Information
Chairman
A Unique Event
Todd Benjamin, Contributing Editor, CNN
Enjoying exploding popularity, alternative investments comprise a multi-trillion dollar market.
Weakly correlated to traditional capital markets and yields from classic trading strategies, alternative
assets promise institutional investors enhanced information ratios of their portfolios. In the aftermath
Distinguished Presenters
of financial turmoil throughout the decade, investors worldwide have been continuously searching
for ways to de-correlate their returns from the performance of the marketplace. Laurence Siegel, Head of Research,
Investment Division, Ford Foundation
Alternative investment strategies are among the most sophisticated approaches to hedge out risk
and boost risk-adjusted returns. However, capitalizing on innovative vehicles and unconventional asset
Paul Spijkers, Chief Investment Officer,
classes commands significant trading skill and management aptitude. Securing lucrative partnerships
Alternative Investments, APG Investments,
with the most forward-thinking alternative investment service providers is the key to continuous
investment arm of Stichting Pensioenfonds
commercial success.
ABP, Netherlands
The Alternative Investments North America Summit offers a unique format for delegates to hear
presentations from their peers who are facing the same challenges and have been working on solutions Darren Foreman, Senior Investment Analyst,
to make returns in this volatile market. They will also hear panel discussions, economist presentations Private Markets Pennsylvania Public School
and have the chance to meet one-on-one with service providers. This 3-day Summit allows time-starved Employees' Retirement System
investors to network with peers, develop new investment strategies and find profitable managers
at a beautiful location.
Brett Hammond, Chief Investment Strategist
TIAA-CREF
Lisandro Chanlatte, Vice President and
The Summit Program Key Topics Investment Officer, Global Pension Investments,
Citigroup, Inc.
The primary objective of the Alternative Investments North America Summit is to explore
the key aspects and issues related to alternative investments and to create strategies to increase
Robert Brown, Chief Investment Officer,
overall return with minimal risk. The summit's program topics have been pinpointed and validated
Arizona Public Safety Personnel
by the investment community as the top critical issues they face.
Retirement System
Key Issues:
• Building a Solid Alternative Investment Strategy to Triumph in a Time of Economic Stress
Neal Graziano, Senior Portfolio Manager,
W.K. Kellogg Foundation
• Fine-tuning Portfolios for Maximum Resilience Against Evolving Risks
• Increasing Due Diligence During the Selection of Managers for Optimal Portfolio Performance
Eric Schurenberg, Managing Director,
MONEY Magazine
• Choosing Real Estate Investments Wisely in the Aftermath of the Subprime Catastrophe
• Manipulating Volatility: Protecting Assets Within the Hedge Fund Space to Acquire a Leading Edge
Taylor Fairman, Managing Director,
Apogee Family Office
• Pinpointing Profits in Private Equity to Maximize ROI
• Capitalizing on Opportunities in Distressed and High Yield Debt Andrew Lohn, Director, Apogee Family Office
• Examining Timber and Other Natural Resources to Diversify the Portfolio and Boost Long-Term Returns
Dr Eugenio Aleman, Vice President and Senior
• Garnering Maximum ROI From the Growth in Green and Clean Technology Investing Economist, Wells Fargo Bank
• Enhancing Returns Within Infrastructure by Creating a More Risk-Averse Portfolio
John Calverley, Head of Research,
• Unearthing Maximum Returns by Diversifying into the BRICs and Other Emerging Markets Standard Chartered Bank
2

3. February 22-24, 2009 | Sawgrass Golf Resort & Spa | Ponte Vedra, FL Delegate Information
Summit Program Panel Discussion
Unearthing Maximum Returns by Diversifying into the BRICs
and Other Emerging Markets
Keynote Presentation
Darren Foreman, Senior Investment Analyst, Private Markets, Pennsylvania
Building a Solid Alternative Investment Strategy to Triumph in a
Public School Employees' Retirement System
Time of Economic Stress
Neal Graziano, Senior Portfolio Manager, W.K. Kellogg Foundation
Brett Hammond, Chief Investment Strategist, TIAA-CREF
Assessing past alternative investment returns in order to make educated
The outlook for alternative investments is very strong as fixed income
investment choices is crucial to investors in the emerging markets. Identifying
becomes increasingly unstable. Major institutional investors continue to
investment characteristics specific to BRIC economies helps investors
experience high returns and stability with alternatives as a standard part of understand specific country risks and improve their portfolio's risk profile. This
their portfolio; as a result, it will be the investors that have greater allocations session will discuss:
to alternatives that will come out on top after this financial crisis. This session • Exploring infrastructure in China and India to capitalize on their
will explore: rapid growth
• Uncovering investment opportunities, particularly commodities, in Brazil
• Establishing the role of alternatives within the portfolio and deciding on
• Reaping the benefits of Southeast Asia and finding managers who are
optimal allocations and strategies within cash flow constraints
experienced in this region
• Overcoming credit and liquidity risks, developing relevant benchmarks and
establishing the dynamic, non-linear aspects of alternative risks
Presentation
• Discovering opportunistic investments to capitalize on the downturn in an
Examining the Real Estate and Natural Resources Investment Industry
economic cycle
to Diversify the Portfolio and Boost Long-Term Returns
Lisandro Chanlatte, Vice President and Investment Officer, Global Pension
Keynote Presentation Investments, Citigroup, Inc.
Building Up APG’s $10 Billion Hedge Fund Portfolio • Choosing real estate investments wisely in the aftermath of the
subprime catastrophe
Paul Spijkers, Chief Investment Officer, Alternative Investments,
• Evaluating investment strategies to adapt to evolving sources of risk in the
APG Investments, investment arm of Stichting Pensioenfonds
current real assets industry
ABP, Netherlands
• Using real estate and REITs to hedge against rising inflation
• Exploring investments in timber, water and other natural resources as
Panel Discussion socially responsible investing
The Economic Outlook: What Does the Next 5 Years Have in Store for us?
Dr Eugenio Aleman, Vice President and Senior Economist, Wells Fargo Bank Panel Discussion
John Calverley, Head of Research, Standard Chartered Bank Fine-tuning Portfolios for Maximum Resilience Against Evolving Risks
• Overcoming risks of illiquidity, difficult valuations, transparency and
Top economists discuss the US recession as well as the global marketplace.
modeling to meet diverse investment objectives
Times are changing and the financial industry is at a crossroads. Find out
• Hiring a strong risk management team with a full range of skill sets and an
what is coming next in this volatile industry to be ahead of the game.
impressive long-term track record to achieve the competitive advantage
This highly interactive session will focus on top issues like the credit crisis,
• Surmounting the evolving sources of risk and risk tolerance in volatile
financial structure, the role of the Fed, decoupling effects and much more.
capital markets
The audience can ask their most pressing questions to gather answers to make • Seeking uniform and correct pricing aggregation to ensure transparency of
well-informed investment decisions. investment strategies and processes
Presentation Panel Discussion
Effective Use of Hedge Funds in a Volatile Market Increasing Due Diligence During the Selection of Managers
for Optimal Portfolio Performance
Robert Brown, Chief Investment Officer, Arizona Public Safety Personnel
The investment landscape is changing, and perhaps so should your managers.
Retirement System
With trying times ahead it may be wise to have an established manager who
• Using fund-of-fund hedge funds in a portable alpha framework
has lived through previous recessions. Or should you take advantage of the
• The challenge of selecting individual hedge funds... and the
innovative strategies of an emerging manager? Many investors would argue
proposed solution
whether or not the track record of investment return is the basis of manager
• Identifying and capturing alpha in an ever-changing world... the hedge selection criteria. Often it is a great deal of due diligence on the proposed
fund solution investment that can sway your decision to sign on a new manager. Various
• Traps and dangers within the hedge fund world (what can and will strategies will be discussed in this session but one thing is for sure – the
go wrong) investment goals and risk appetite must be in line with your new manager.
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4. February 22-24, 2009 | Sawgrass Golf Resort & Spa | Ponte Vedra, FL Delegate Information
Presentation Presentation
Managing Your Investment Committee: Getting Approval Enhancing Returns Within Infrastructure by Creating a More
to Implement or Increase Alternatives in the Investment Policy Risk-Averse Portfolio
• Performing a comprehensive review of current alternative allocation to discover • Taking full advantage of stability and predictability within infrastructure to
what your Investment Committee needs to know before making a decision create a balanced and more risk-averse portfolio
• Justifying alterations and redeveloping the investment policy – part art and • Finding the optimal investment vehicle by investigating the quot;contract modelquot;
part science and assessing the terms and conditions of products within the asset class
• Creating well-defined time frames and risk tolerance levels so that everyone • Finding the right manager to ensure a safe, long-term inflation-adjusted return
involved feels confident about the change in allocation • Gaining a competitive advantage as more investors flood the infrastructure
• Employing continuous education for the investment committee to ensure market and others asset classes appear less reliable
smart allocation decisions
Presentation
Presentation Gaining a Competitive Advantage in Commodities to Uncover
Manipulating Volatility: Protecting Assets Within the Hedge Fund New and Profitable Investments
Space to Acquire a Leading Edge
• Evaluating the long term viability of the more popular commodities, such as
Seeking portable alpha in the volatile capital markets can be challenging and
oil and gas, to gain directional insight
particularly complicated within hedge funds. Separating hedge fund alphas
• Taking advantage of opportunities arising from emerging markets and
from betas to quantify risk factors is part of this challenge. The obstacle of
surmounting the risks associated with them
efficient management has also resurfaced with the emergence of mega-funds.
• Exploiting the potential of less prominent commodities, such as timber and
This session will reveal:
overcoming obstacles associated with early stage investing
• Assessing which funds-of-funds attain desired returns when making
investment decisions
Presentation
• Mastering hedge fund replication strategies for outstanding
portfolio performance Garnering Maximum ROI From the Growth in Green and Clean
• Determining if the fund of fund, single strategy or multi-strategy path is Technology Investing
most suitable to generating desired returns • Fulfilling your socially responsible investment criteria with green and other
• Mitigating illiquidity and transparency risks in a diversified hedge fund portfolio sustainable investments
• Building a strategy that maximizes financial performance while doing
Presentation social good
Pinpointing Profits in Private Equity to Maximize ROI • Discovering opportunities in green investing to increase diversification and
Optimizing returns in private equity is often difficult with the downturn tap into innovative new investment areas
in venture capital and leveraged buyouts. Increased transparency should give
• Quantifying the surging demand for clean technology and venture capital
institutional investors better ammunition to make calculated investment
opportunities in this area and amplifying ROI via cost effective procedures
decisions. This session will discuss:
• Combating the trend of de-leveraging within private equity by utilizing
Presentation
innovations in risk modeling
Fast Answers to FAS 157: Accruing Profits From New
• Reaping the benefits of transparency and improved performance reporting
Transparency Regulations
gained from the FAS 157 valuation accounting regulations
Ensuring profits as a result of more transparency brought about by the FAS
• Relieving risks associated with illiquidity in private equity for early-stage investors
157 regulation, the fair-value measurement standard for asset managers,
is an opportunity that institutional investors cannot afford to miss.
Presentation
The Financial Accounting Standards Board has attempted to rectify past
Capitalizing on Opportunities in Distressed and High Yield Debt
deficiencies in performance reporting and asset valuation. Increased
• Boosting portfolio returns by evaluating the quality of distressed debt
transparency holds potentially minimized risks for investments made by
among the large amounts available as a result of the sub-prime crisis
institutional investors. This session will uncover:
• Acquiring and retaining the best managers who are well positioned to deal
with the numerous sales going on in mortgage-backed securities • Clarifying methods used by managers to price hard-to-value assets
• Adapting to changing methods of debt ratings by agencies to properly • Evaluating potential risks and returns with the information acquired from
assess risks and tolerance increased transparency
• Exploiting wide credit spreads, a lack of liquidity, negative investment • Utilizing consistency and comparability of assets in the light of the
sentiment and massive default lows to boost returns from high yield debt standardization of valuation methods and definitions
Presentation
Overcoming Obstacles Within Managed Futures and Other Derivatives
to Reduce Risk
• Taking advantage of wide credit spreads favorable to higher profits from
equity-linked derivatives
• Exploiting current dislocations in fixed income markets to get enhanced returns
• Combating the credit and duration risks involved with derivatives
to minimize losses
• Illuminating unreliable risk modeling methods and debt ratings to gain
directional insight
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5. February 22-24, 2009 | Sawgrass Golf Resort & Spa | Ponte Vedra, FL Delegate Information
Testimonials
The Executive Delegation
The Alternative Investments North America Summit delegates will include Heads of Alternative This was the highest quality of presenters that I have been
Investments, CIOs, SVPs and VPs of Investments and are carefully screened and selected according exposed too. The depth of the discussion was impressive.
to the following criteria:
Assistant Treasurer
• Company size Imerys
• Job level
• Assets Under Management
marcus evans is on its way to providing its participants
• Sign-off Authority
with a stellar line of exceptional and provocative speakers.
For these institutions seeking intimate access to various
asset alternatives, marcus evans' one-on-one,
thirty minute sessions are an effective way to meet
prospective managers.
Alternative Investments North America Summit CIO
Service Provider Companies Fordham University
To ensure the success of the Alternative Investment North America Summit, marcus evans
This has been a very well organized event with
is pleased to partner with an exclusive number of leading firms that can provide valuable fund
insightful presentations, interesting service providers
management expertise. The service providers participating in the summit will provide strategic
and excellent opportunities to network.
investment plans to ensure maximum capital growth to the attending public and private pension funds,
endowments, foundations and family offices. Manager-WWPFA
General Motors
The number of firms in each product or service category is strictly limited to ensure an appropriate
overall balance. These meetings provide a forum for dialogue and information sharing, on investment
concerns and appropriate, corresponding services. I would recommend future events for any senior industry
executives who want to sharpen their skills and
knowledge by benefiting from the insights of their peers.
Managing Director Head of Private Equity
Alternative Investments North America Summit Service The Guardian Life Insurance Company of America
Provider Categories
I thought the speakers did a great job of sharing really
on point knowledge regarding current events. It was
Hedge Funds Real Estate and Property Funds Managed Futures and
great to interact, on an intimate level, with so many
• Macro • REITs Other Derivatives
thought leaders. The event was also run smoothly
• Managed Futures • Private Property • Economic Derivatives
and professionally. I thought staff did a great job at
• Arbitrage • CDOs • Energy Derivatives
being attentive and courteous. It was certainly one of
• Fixed Income • CMBS • Commodities
the best conferences I've attended.
• Multi Strategy • Funds of Funds • Freight Derivatives
• Relative Value • Inflation Derivatives Private Equity and Venture Capital Strategist
• Event Driven Infrastructure Funds • Insurance Derivatives Arizona Public Safety Personnel Retirement
• Distressed Debt • Energy • Weather Derivatives
• Emerging Markets • Transportation • Credit Derivatives
• Market Neutral • Water • Property Derivatives I believe the event was very useful for investors as the
discussions covered relevant, current events in the
• Market Timing • Social • Bond-Linked Derivatives
market. The speakers were very well prepares and
• Funds of Funds • Equity-Linked Derivatives
provided excellent insights. The one-on-one meetings
Structured/Hybrid Products • Money-Market-Linked
were also useful, allowing me to meet individuals in the
Private Equity Funds • Interest Rate-Linked Notes Derivatives
markets in which I invest.
• Global Buyout • Equity-Linked Notes • Credit-Linked Derivatives
• Middle Market Buyout • FX and Commodity-Linked Director of Alternative Assets
• Country Focused Notes Emerging Markets Texas Christian University Endowment
• Mezzanine • Hybrid-Linked Notes
• Distressed Debt Trading Risk Management
and Restructuring Very good presentations and networking!
• Secondaries
Chairman
• Industry Sector
Texas Permanent School Fund
• Venture Capital
• Funds of Funds
5

6. February 22-24, 2009 | Sawgrass Golf Resort & Spa | Ponte Vedra, FL Delegate Information
What Makes the Alternative Investment North America
Sample Delegate Schedule
Summit Different
Each attendee at the Alternative Investments
• A strictly invitation-only event; selection of delegates according to criteria such as scope North America Summit receives a personalized
of responsibility and size of company itinerary based on their priority selections of
conference sessions, business meetings and special
networking events. Below is a sample of a
• Restricted number of delegates in order to facilitate successful networking opportunities personalized attendee schedule.
DAY 1
• Personalized summit and meeting schedule to suit individual requirements and provide an efficient 11:00 – 01:00 Event Registration
use of time 01:00 – 01:15 Chairperson Opening Remarks
01:15 – 02:00 Opening Keynote Presentation
02:00 – 02:45 Conference Presentation
• Keynote presentations, case studies and interactive sessions by world-class industry experts
02:45 – 03:00 Networking Break
and pioneers
03:00 – 04:30 Business Meetings
04:30 – 05:00 Round Table Discussion
05:00 – 05:45 Conference Presentation
• A relaxed but professional business environment, in which to explore new ideas, strategies and
05:45 – 06:30 Keynote Presentation
technical developments with industry colleagues, experts and peers
06:30 – 07:30 Welcome Cocktails
07:30 – 10:00 Networking Dinner
• Access to the secured summit website, providing information on other delegates and each service
DAY 2
provider prior to the event
07:00 – 08:00 Networking Breakfast
08:00 – 08:45 Keynote Presentation
• Individual pre-arranged one-on-one business meetings with senior representatives from key industry
08:45 – 09:30 Conference Presentation
service providers
09:30 – 09.45 Networking Break
09:45 – 10.45 Business Meetings
10:45 – 11:15 Round Table Discussion
• An invitation which covers two nights' accommodation at the Sawgrass Golf Resort & Spa,
11:15 – 11:45 Networking Opportunity
all summit materials, meals and leisure activities during the summit
11:45 – 12:30 Conference Presentation
12:30 – 01:45 Networking Lunch
• An opportunity to relax and enjoy the superb facilities at the prestigious Sawgrass Golf Resort & Spa 01:45 – 02:30 Conference Panel Discussion
02:30 – 03:15 Conference Presentation
03:15 – 03:30 Networking Break
03:30 – 04:30 Business Meetings
04:30 – 05:00 Networking Opportunity
Secured Summit Website 05:00 – 05:30 Business Meeting
05:30 – 06:15 Keynote Presentation
• Summit session overviews allow delegates to choose from a selection of summit and interactive
06:15 – 07:15 Free Time
sessions to best suit their business needs 07:15 – 10:30 Networking Cocktails, Dinner
Entertainment Evening
• Presenter biographies determine which presenters are most likely to assist in benchmarking DAY 3
and improving initiatives
07:00 – 08:00 Networking Breakfast
08:00 – 08:45 Keynote Presentation
• Profiles of attending service providers, offer relevant information to enable delegates to plan 08:45 – 09:30 Conference Presentation
their personal event schedule 09:30 – 09:45 Networking Break
09:45 – 10:45 Business Meetings
10:45 – 11:15 Round Table Discussion
• Inform delegates of social activities taking place at the event
11:15 – 12:00 Conference Presentation
12:00 – 12:45 Closing Keynote Presentation
12:45 – 02:00 Networking Luncheon
• Post-event summit documentation provides complete documentation of all executive presentations
immediately after the summit
6

7. February 22-24, 2009 | Sawgrass Golf Resort & Spa | Ponte Vedra, FL Delegate Information
A Selection of Attendees from Previous marcus evans
The Venue
Alternative Investments North America Summit
The mind works best when challenged, stimulated,
General Manager Director, Investments
and most importantly, relaxed. Discover this ideal
AFP Confia Prosperitas Group
combination at Sawgrass Golf Resort & Spa.
Vice President Managing Director, Investments An extraordinary Florida meeting venue set against
AIG Investments Quintessence Group a brilliant backdrop of sun, sand, and 99 holes of
championship golf including THE PLAYERS Stadium
Financial Analyst Pensions Director, Private Investments
Course. Befitting its magnificent seaside setting,
Anadarko Petroleum Corporation Robert Wood Johnson Foundation
Sawgrass Golf Resort & Spa infuses special events
Chair, Investment Committee with the inspiring rhythms and hues of the
CEO
Ann Arbor City Employees Atlantic Coast.
S4 Capital
Retirement System
Assistant Treasurer Sawgrass Golf Resort & Spa set new standards
GM, Private Equity and Infrastructure Scripps College of excellence for corporate events at their Florida
Canada Post Pension Plan
conference center resort – the largest of its kind
Director, Alternative Investments
between Atlanta and Orlando. Whether you are
Senior Investment Manager Sentry Insurance
visiting for business or pleasure you will be certain
Carnegie Mellon University
Portfolio Manager, Alternative Investments to find the right balance to maximize your stay
Executive Administrator Sentry Insurance at the Sawgrass Golf Resort & Spa.
Carpenters Southern California Pension Trust www.sawgrassmarriott.com
AVP, Finance
Administrator Simon Fraser University
Carpenters Trusts of Western Washington
Head, Economic Research and Asset Allocation
The Organizers
VP, Investment Officer Skandia, Colombia
Citigroup, Inc.
Director, Public and Private Equities
One of the world's leading business information
Director South Carolina Retirement Systems
companies, marcus evans is dedicated to the
Convergent Wealth Advisors
provision of global business intelligence and
Portfolio Manager
Director information to assist in strategic and effective
State of Wisconsin Investment Board
Cranbrook Educational Community decision-making. Our aim is to provide first class
Senior Managing Director business information, through a variety of media,
Director, Employee Benefits and Retirement Services Sterling which enables clients to sustain a valuable
Credit Union Central of British Columbia
competitive advantage while making a positive
Chief Investment Officer
contribution to their success.
Vice Chair, Investments (Police) Sumnicht Associates
El Paso Firemen and Policemen's
Established in 1983, marcus evans' international
Director, Alternative Investments
Pension Fund
network of offices produces events on strategic
The Dow Chemical Company
Manager, Pension Investments issues in telecommunications, corporate finance,
Director, Alternative Investments
Enbridge capital markets, human resources, corporate IT,
TIAA-CREF technology, marketing, manufacturing, logistics,
Investment Analyst
energy, utilities and business strategy. This information
Chief Investment Officer
HFRRF
is disseminated through the following business
Timmis Family Foundation
Financial Analyst divisions: summits, conferences, business training,
Portfolio Manager
Houston Municipal Employees market analysis, business publications and corporate
University of Minnesota
Pension System hospitality.
Co-Chair Joint Pension Investment Committee
President and COO
Every year marcus evans produces more than 150
University of Regina
Kerr Financial Corporation
of the world's leading business and economic summits
Treasurer Assistant Treasurer for senior decision-makers. Held at exclusive locations
Linde North America, Inc. University Of Southern California around the world, these events provide attendees
with a unique opportunity to individually tailor their
Investment Analyst Assistant Director
schedules of keynote presentations, think tanks,
Moneta Group USF Foundation
seminars and one-on-one business meetings to
Director, Alternative Investments Managing Partner provide an effective, highly focused interactive event.
North American Management Waterline Partners
Executive Vice President SVP, Investments
...a dominant force in the delivery of
Northwood Stephens Private Counsel Wells Fargo Institutional Brokerage
strategic business information
Senior Finance Analyst VP
Portland General Electric Zenith Insurance Company
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