Day 2

08.20 Registration and refreshments

08.50 Chairman's welcoming address: Ian Morley, Chairman, Corazon Capital

09.00 Keynote address: Sir John Madejski OBE, DL

09.30 Asset Allocation Roundtable: Discovering innovative investment strategies

• The hunt for yield: What asset classes will perform over 2011?
• The role of cash as an asset class
• Working in liquid and non-liquid markets
• Diversification: Understanding the exposures
• The role of ETFs in implementing asset allocation decisions

Moderator: Ian Morley, Chairman, CORAZON CAPITAL
Jonathan Bell, CIO, STANHOPE CAPITAL
John Redwood, Chairman, EVERCORE PAN-ASSET CAPITAL MANAGEMENT LIMITED
Amit Bedi, Managing Partner, BEDI CAPITAL

10.20 Morning coffee and networking break

10.50 Investment opportunity showcase: Four quick fire product pitches followed by Q & A with leading asset managers

11.50 Expert view: Effective tax planning for family offices

• The approach of current administration to taxing family wealth and how it impacts your family office
• Implementing the right strategies to withstand the new tax and regulatory environment
• Understanding the risk and evaluating the effectiveness of offshore structures
• What are the tax benefits of charitable giving?
• The role of trusts in tax planning

12.20 Panel: Challenges of private equity in a family office portfolio

• Funds of funds vs. direct private placement
• Ensuring PE investments are consistent within a family office risk profile
• Creating diversification to maximize returns
• Private equity outlook; what can be expected over the next 5 years

Sven Berthold, CFA, Sr. Investment Manager, WEGASUPPORT GMBH
Constantin Rinn, CFA, SVP, CLERVILLE INVESTMENT MANAGEMENT
Sanjeet Bhavnani, Managing Partner, SB VENTURES

13.00 Lunch

14.00 Out of industry perspective:
What has the biggest US pension fund learnt from the 2008 financial meltdown? - Assessing a new approach to portfolio construction and risk management

• Asset/strategy returns are not normally distribute
• Portfolio construction must take skew and kurtosis into consideration
• Extreme negative events occurred much more often than normal distribution predicted
• Risk management as part of the portfolio construction process, not an after thought

Ho Ho, Quantitative Portfolio Manager, CALPERS

• Real estate
• Active investment vehicles
• Art, wines and other investments
• How do they impact on your returns?
• Is there a right balance for your portfolio?

15.20 Expert view: Communicating investment strategy and performance to family members

• Adapting to increased family involvement
• Assessing effective approaches to educating family members
• Practical solutions to reporting requirements
• Ensuring confidence and trust remains within the family office

William Drake, Co-Founder, LORD NORTH STREET LIMITED

15.50 2010 Family Office Leadership Closing Roundtable:
Family office heads assess the viability of the family office business

• What is the role of a family office?
• Is it cost effective to form a SFO?
• How does a MFO differ from a wealth management office?
• Family offices as asset managers for third parties
• How to market to clients

Moderator: Dr. Steen Ehlern, Managing Partner, FERGUSON PARTNERS FAMILY OFFICE
Nathalie Dauriac-Stoebe, CEO, SIGNIA WEALTH
Dr. Rico Baumgartner, CEO, BAUMGARTNER FREY FAMILY OFFICE
Richard Fitzalan Howard, Chairman, FF&P ASSET MANAGEMENT