MFA: Risk Management and Valuation Seminar*

2:00 – 2:15 pm
Welcome & Introduction: John G. Gaine, President, Managed Funds Association

2:15 - 2:45 pm
Keynote Address: Charles Smithson, Partner, Rutter Associates LLC

2:45 – 4:00 pm
Panel 1: Risk Management: Regulators' Perspectives on Current Risk Management Practices
In light of recent events, U.S. regulators will discuss how effective risk management practices are important to avoiding systemic crises, provide suggestions on how to manage counter-party risk in dealing with highly-leveraged institutions and provide remarks on the importance of market discipline.

Moderated by: Timothy Wilson, Chief Risk Officer, Caxton Associates, L.L.C.
Panelists: Kathryn E. Dick, Deputy Comptroller of Credit and Market Risk, Office of the Comptroller of the Currency
Michael Hsu, Financial Economist, Securities and Exchange Commission
Brian Peters, Senior Vice President, Risk Management, Federal Reserve Bank of New York

4:10 – 5:30 pm
Panel 2: Valuation: Complexities in the Valuation of Hedge Fund Portfolios
Panelists will address several topics including: how to establish policies and procedures for the determination of net asset value that are fair, consistent and verifiable; the importance of independence in the application of policies and procedures; price overrides; due diligence of third parties that are appointed to provide valuation services; and transparency to investors.

Moderated by: Jay Gould, Partner, Pillsbury Winthrop Shaw Pittman LLP
Panelists: Howard Altman, Partner, Rothstein, Kass & Co., P.C.
Natalie Deak, Partner, Ernst & Young, LLP
Bob Pickel, President, International Swaps and Derivatives Association, Inc.
Michael S. Greenstein, Partner, PricewaterhouseCoopers LLP

5:30 – 6:30 pm
Cocktail Reception – The Graduate Center
Come enjoy cocktails and appetizers as you mingle and network with industry participants!

* Panelists and times subject to change.

For New York Attorneys Interested in Receiving CLE Credit:
MFA has applied to the New York State CLE Board for individual course accreditation for this Seminar. As of the date of this Seminar, MFA’s application is still pending. After this Seminar, if our application is approved by the NYS CLE Board, MFA shall provide those attorneys in attendance whom are interested in receiving CLE credit with the necessary certificate for CLE credit. Those attorneys should be sure to “sign in” and “sign out” by the Registration Desk, mark “Yes” in the “CLE” box, and provide MFA with their contact information. Please note that the approval process by the NYS CLE Board may take several months. If you have questions, please contact Carl Kennedy, MFA legal counsel at carl@managedfunds.org.

For New York Accountants Interested in Receiving CPE Credit:
MFA is authorized by the New York State CPE Board to offer 2 CPE credits for this Seminar (Specialized Knowledge category). MFA shall provide those CPAs in attendance whom are interested in receiving CPE credit, with the necessary certificate for CPE credit after today’s seminar. Those CPAs should be sure to “sign in” and “sign out” by the Registration Desk, mark “Yes” in the “CPE” box, and provide MFA with their contact information. If you have questions, please contact Carl Kennedy, MFA legal counsel at carl@managedfunds.org.