global arc singapore 2012

Keynote speakers include, sorted alphabetically by surname:

Professor Joseph Stiglitz - USA2001 Nobel Laureate for EconomicsUniversity Professor, Columbia UniversityChief Economist, The World Bank, 1997-00Chair, President Clintons Council of Economic Advisors, 1995-97

Professor Muhammad Yunus - Bangladesh2006 Nobel Laureate for PeaceAuthor of ‘Banker to the Poor’

Dr. Cheng Li - USADirector of Research, John L. Thornton China Center, Brookings InstitutionDirector, National Committee on US-China Relations

Professor Ajay Shah - IndiaProfessor of Public Finance and Policy,National Institute of Public Finance and Policy

Professor Fan Gang – ChinaSecretary General, China Reform FoundationDirector, National Economic Research Institute (NERI)Professor, Graduate School of Chinese Academy of Social Sciences (CASS)

Professor Pan Wei – ChinaDirector, Center for Chinese and Global Affairs,Professor of International Studies, Peking University

Professor Brahma Chellaney - IndiaProfessor of Strategic Studies, Centre for Policy Research, Author of ‘Water: Asia’s New Battleground’ and‘Asian Juggernaut: The Rise of China, India and Japan’

The Rt. Hon. Lim Hng Kiang M.P. - SingaporeMinister of Trade and Industry, Government of Singapore Deputy Chairman, Monetary Authority of SingaporeBoard Director, Government of Singapore Investment Corporation (GIC)

Professor Niall Ferguson – USA/UKLaurence A. Tisch Professor, Harvard University,William Ziegler Professor, Harvard Business School, Senior Research Fellow, Jesus College, Oxford University

His Excellency Lee Kuan Yew – SingaporeMinister Mentor, 2004-2011, Senior Minister, 1990–2004, Prime Minister, 1959-1988 Government of Singapore

Global ARC SingaporeWhere the Global Pension, Endowment and Hedge Fund Communities Meet

The Inaugural

“ Hedge funds are paying increasing attention to Asia… Hedge funds follow the money and more of the deep pockets of the world are in Asia. The big investment funds of Singapore are large hedge fund investors, as is the CIC and the pension funds of New Zealand and Australia. While the state pension funds in the US are

slowly increasing their allocation to hedge funds, the size of their coffers is being swiftly eclipsed by those across the Pacific.”The Financial Times, July 21st 2011

Monday 20th, Tuesday 21st and Wednesday 22nd February 2012 • The Ritz Carlton Millennia Hotel, Singapore

Plus, over sixty institutional investor speakers from sixteen countries already confirmed

Lead Sponsors:

Sponsors:

Global ARC Singapore Overview

The Inaugural Global Absolute Return Congress SingaporeWhere the Global Pension/Endowment and Hedge Fund Communities Meet

20th, 21st and 22nd February 2012 • The Ritz Carlton Millennia Hotel, Singapore

“ Hedge funds are paying increasing attention to Asia… Hedge funds follow the money and more of the deep pockets of the world are in Asia. The big investment funds of

Singapore are large hedge fund investors, as is the China Investment Corporation and the pension funds of New Zealand and Australia. While the state pension funds in

the US are slowly increasing their allocation to hedge funds, the size of their coffers is being swiftly eclipsed by those across the Pacific.”

The Financial Times, July 21st 2011

Dear Executive,

As Asian economies continue to grow in importance, its pensions, sovereign wealth funds, and government agencies have begun to dramatically expand their investment programmes.

Many are now beginning to explore alternative investments such as hedge funds, commodities and private equity: • Between 2010 and 2011 Asian institutional investor assets grew 36% to nearly USD 7.4 trillion. During this period, the amount managed externally doubled to over USD 1.1 trillion1.• The proportion of Asian institutional investors who have hired, or are expecting to hire, single manager hedge funds nearly tripled between 2010 and 2011.

Global ARC Singapore will provide senior level decision makers from the institutional investor community and the hedge fund with a venue in which to discuss these issues in depth.

Yours sincerely

David StewartFounder, Global ARC

2 This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.

About Global ARC

Founded in 2002, Global ARC convenes meetings of the world’s foremost pension funds, sovereign wealth funds, endowments, foundations and asset managers to discuss macro-economic developments, capital markets, and alternative investments.

Global ARC is an independent organization, wholly owned by its founder David Stewart. Global ARC is not affiliated with any media company or with any individual supplier to the investment industry.

All Global ARC gatherings are held strictly off-the-record with no media in attendance.

Locations for past and forthcoming Global ARC meetings include Boston, San Francisco, Singapore and London.

The dates for Global ARC’s meetings in 2012 are: • TheRitzCarltonMillennia,Singapore,February20th to 22nd 2012 • TheLandmarkHotel,London,May21stto23rd 2012 • TheHyattRegency,Boston,October15th to 17th 2012

If you have any program or sponsorship enquiries regarding Global ARC please contact David Stewart at [email protected] and +1 (778) 938 8202 or Christopher Holt at [email protected] and +1 (905) 873-1893 or Samantha Allwork at [email protected].

Please check our website www.global-arc.net for updates as we confirm additional keynotes in the coming months.

1Greenwich Associates 2011 Institutional Investment Trends in Asia

This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure. 3

Professor Brahma Chellaney - IndiaProfessor of Strategic Studies, Centre for Policy Research, Author of ‘Water: Asia’s New Battleground’ and‘Asian Juggernaut: The Rise of China, India and Japan’

Professor Chellaney is widely regarded as one of India’s leading strategic thinkers and analysts, and is also a well-known newspaper and television commentator on international affairs He is one of the authors of India’s nuclear doctrine and its first strategic defense review. He was an adviser to India’s National Security Council and served as Convenor of the External Security Group of the National Security Advisory Board, as well as member of the Board’s Nuclear Doctrine Group. Professor Chellaney is the author of six books, with the latest being Water: Asia’s New Battleground (Georgetown University Press, Washington, DC) which examines how the battle over increasingly scarce water resources

is in danger of becoming the geopolitical trigger point in Asia. He is also the author of the international bestseller, Asian Juggernaut: The Rise of China, India and Japan (HarperCollins, New York). The book focuses on how a fast-rising Asia has become the defining fulcrum of global geopolitical change, with Asian policies and challenges now shaping the international security and economic environments. Central to this analysis is an examination of the geopolitics of the China-India relationship. He writes opinion articles for the International Herald Tribune, Wall Street Journal, The Japan Times, The Times of India and The Economic Times, Professor Chellaney holds a Ph.D. in International Arms Control. Professor Chellaney has held appointments at the Harvard University, the Brookings Institution, the Johns Hopkins University’s School of Advanced International Studies and the Australian National University.

Professor Niall Ferguson – USA/UKLaurence A. Tisch Professor of History, Harvard University,William Ziegler Professor of Business Administration, Harvard Business School,Senior Research Fellow, Jesus College, University of Oxford

Named by TIME Magazine as one of the ‘100 Most Influential People in the World,’ Niall Ferguson is one of the world’s leading historians of the global economy. His book, ‘The Ascent of Money: A Financial History of the World’, is an international bestseller and the basis for a multipart television documentary which aired on PBS in the U.S. and the BBC in the UK. His most recent book ‘Civilisation: The West and the Rest’, is currently being made into a TV documentary series by Channel 4. Published in 2011, Civilization: The West and the Rest examines what Ferguson calls the most “interesting question” of our day: “Why, beginning around 1500, did a few small polities on the western end of the Eurasian

landmass come to dominate the rest of the world?” The historical themes explored by Niall Ferguson have urgent relevance to the present as well as the past: the costs and benefits of economic globalization; the interface between finance and politics; the strengths and limitation of American global power; the shifting of economic power from the west to east; and most recently the parallels between the Great Depression of the 1930s and our current Global crisis. Niall’s work regularly appears in the New York Times, the Wall Street Journal, and in The Financial Times, where he also serves as a contributing editor. As well as teaching at Harvard University and Harvard Business School, he also serves as an advisor to GLG Partners, a Senior Fellow at the Hoover Institution, Stanford and Senior Research Fellow at Jesus College, University of Oxford. Niall holds a PhD in History from University of Oxford.

Professor Fan Gang – ChinaSecretary General, China Reform FoundationDirector, National Economic Research Institute (NERI)Professor, Graduate School of Chinese Academy of Social Sciences (CASS)

Professor Fan Gang is one of China’s most influential economists, one of China’s leading reform advocate and has been repeatedly ranked in Foreign Policy magazines’ “world’s top 100 public intellectuals”. His remarks are closely followed for clues about how Chinese leaders are thinking about the global economy. Based in Beijing, he is the Director of the National Economic Research Institute (NERI) and Chairman of the China Reform Foundation, China’s first economic think-tank. Trained at the Chinese Academy of Social Science (CASS) and Harvard University, he is also a professor at several top universities in China. Professor Fan Gang is a respected advisor to China’s leadership on

economic reform and strategic development. He provides advice to various departments of the Chinese central government, provincial governments as well as Chinese and international organisations. Among the long list of advisory positions he holds, he sits on the Advisory Committee of the Ministry of Labor and Social Security of China, the Advisory Committee of the Hong Kong Center for Monetary Policy and is a member of the Monetary Policy Committee of the People’s Bank of China, is an advisor to the State Foreign Exchange Administration of China. Professor Fan Gang is a consultant to the World Bank, UNDP, ESCAP and to the OECD. He has written over 100 academic papers published in Chinese and English journals and more than 200 articles in newspapers and magazines published around the world. He is the author of eight books so far. He holds a PhD in Economics from Harvard University.

His Excellency Lee Kuan Yew – SingaporeMinister Mentor, 2004-2011, Senior Minister, 1990–2004, Prime Minister, 1959-1988Government of SingaporeProfessor, Graduate School of Chinese Academy of Social Sciences (CASS)

Lee Kuan Yew served as the first Prime Minister of the Republic of Singapore, governingfor three decades from 1959 to 1988. By the time he chose to step down in 1988, to enablea stable leadership renewal, he had become the world’s longest-serving Prime Minister.As the co-founder and first Secretary-General of the People’s Action Party (PAP), he led the party to eight victories from 1959 to 1990, and oversaw Singapore’s transformation from a relatively underdeveloped colonial outpost with no natural resources into a first world nation with one of the highest per capita incomes in the world and a public service internationally lauded for its efficiency and probity. Lee Kuan Yew was appointed Senior

Minister by Singapore’s second prime minister, Goh Chok Tong, in 1990, before becoming Minister Mentor when Lee Hsien Loong, became the nation’s third prime minister in 2004. With his successive ministerial positions spanning over fifty years, Lee Kuan Yew is also one of history’s longest serving ministers. Lee Kuan Yew has remained one of the most influential political figures in South-East Asia and is renowned for his geostrategic vision, Dr. Henry Kissinger has recently stated that “I’ve not learned as much from anybody as I have from Mr Lee Kuan Yew;” whilst President Barack Obama has described Lee Kuan Yew as “One of the legendary figures of Asia in the 20th and 21st centuries. He is somebody who helped to trigger the Asian economic miracle.” Lee Kuan Yew graduated with First Class Honours in Law from Cambridge University in 1949, with a star for ‘Special Distinction’ in the final examinations.

Global ARC Singapore’s Keynote SpeakersSorted alphabetically by surname

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Dr. Cheng Li – USADirector of Research, John L. Thornton China Center, Brookings InstitutionDirector, National Committee on US-China RelationsProfessor, Graduate School of Chinese Academy of Social Sciences (CASS)

Dr. Cheng Li grew up in Shanghai during the Cultural Revolution. In 1985 he came to the United States, where he received an M.A. from UC Berkeley and a Ph.D. in Political Science from Princeton University. Dr. Li is the author or the editor of Rediscovering China: Dynamics and Dilemmas of Reform (1997) China’s Leaders: The New Generation (2001), Bridging Minds Across the Pacific (2005), China’s Changing Political Landscape (2008), and China’s Emerging Middle Class (2010). He is frequently called on to share his unique perspective and insights as an expert on China and has recently appeared on CNN, C-SPAN, the BBC, Voice of America, the PBS NewsHour, Charlie Rose, Foreign

Exchange with Fareed Zakaria, and NPR’s Diane Rehm Show. He has been featured in The New York Times, The Washington Post, the Wall Street Journal, Time, The Economist, Newsweek, Business Week, Foreign Policy and numerous other publications. Dr. Li has been a recipient of fellowships or research grants from the Smith Richardson Foundation, the Freeman Foundation, the Peter Lewis Foundation, the Crane-Rogers Foundation, the Emerson Foundation, the US Institute of Peace, HK Institute of Humanities and Social Sciences, and the Chiang Ching-Kuo Foundation. Dr. Li is also a columnist for the Stanford University Journal China Leadership Monitor. Dr. Li has advised a wide range of government and business organizations on working in China. He is an advisor to the World Bank, a member of the Academic Advisory Group of the Congressional U.S.-China Working Group and a member of the Council on Foreign Relations.

Professor Pan Wei – ChinaDirector, Center for Chinese and Global Affairs,Professor of International Studies, Peking UniversityProfessor, Graduate School of Chinese Academy of Social Sciences (CASS)

Peking University’s Professor Pan Wei is one of the most influential and original political thinkers within China. He first came to international prominence in 2003 with his paper ‘Consultative Rule of Law’ that laid out a road map for China to retain one-party rule in the indefinite future, arguing for a political path that would focus on establishing the rule of law and honest government, without democratic reform. As Chinese thinkers have grown more confident interest has grown in the search for a ‘China model’ of political and economic development interests better suited to the particular needs of China, and with this interest in the ideas of Professor Pan have also grown. Professor Pan is Director, of

Peking University’s Center for Chinese and Global Affairs and a professor of political science at the School of International Studies, Peking University. Peking University (also known as ‘Beida’) is the foremost university in China and regularly features in the top 50 universities in the World. The School of International Studies (SIS) of Peking University, is the first such school set up in a Chinese universitiy. It is an important teaching and research platform devoted to the training of specialized talents in international studies, international political economy and diplomacy. Professor Pan has also taught at the University of California, Berkeleyand the Graduate School of International Studies at Denver University. He is the author of several books and numerous academic articles on Chinese political and social development and international comparative politics. Pan Wei holds a Ph.D. in Political Science from University of California, Berkeley.

The Rt. Hon. Lim Hng Kiang M.P. – SingaporeMinister of Trade and Industry, Government of Singapore,Deputy Chairman, Monetary Authority of Singapore Board Director, Government of Singapore Investment Corporation (GIC)

Lim Hng Kiang has served as Singapore’s Minister for Trade and Industry since 2004 and as a member of Cabinet since 1999. The Ministry Of Trade and Industry is responsible for directing the formulation of policies related to the development of trade and industry in Singapore. In addition to his ministerial position, Lim Hng Kiang is also the Deputy Chairman of the Monetary Authority of Singapore (MAS) and a Board Director of the Government of Singapore Investment Corporation (GIC,) which was established by the Government of Singapore to manage Singapore’s foreign reserves. Lim Hng Kiang was first elected to Parliament in 1991 as an MP for the Tanjong Pagar Group Representation

Constituency. Since 1997, he has represented the West Coast Group Representation Constituency. Lim was appointed a Minister of State at the Ministry of National Development in 1991 and later became Minister of State at the Ministry of Foreign Affairs. In 1995, Lim became the Minister for National Development and Second Minister for Foreign Affairs. In 1998, he relinquished the role of Second Minister for Foreign Affairs and became the Second Minister for Finance. In 1999, Lim became the Minister for Health, he also retained the portfolio of Second Minister for Finance. In 2003, Lim was made a Minister in the Prime Minister’s Office. Prior to entering politics, Lim Hng Kiang was awarded a President’s Scholarship and Singapore Armed Forces Scholarship to study at Cambridge University, where he completed a degree in Engineering. Shortly after which, Lim was awarded a scholarship for the Master of Public Administration degree at the Kennedy School of Government at Harvard University.

Professor Ajay Shah – IndiaProfessor of Public Finance and Policy,National Institute of Public Finance and PolicyProfessor, Graduate School of Chinese Academy of Social Sciences (CASS)

Ajay Shah is one of the most influential economists in India. The Indian Business Standard has listed him as one of the ‘Experts who wield enormous influence in their fields’ and the Indian Express recently listed him amongst the Top 10 economists in its ranking of ‘The Most Powerful Indians in 2010.’ Since 2007 he has served as Professor at the prestigious National Institute for Public Finance and Policy in New Delhi. The National Institute for Public Finance and Policy is an Indian agency linked to the government which conducts research on public finance and contributes in the process of policy-making relating to public finance. Ajay Shah is co-head of the The National Institute for Public Finance and

Policy-Department of Economic Affairs Research Programme, his research interests include policy issues on Indian economic growth, open economy macroeconomics, public finance, financial economics and pensions. In the past decade, he was extensively involved in the policy process in the reforms of the equity market and the New Pension System. He also serves as the research firm GlobalSource Partners’ local advisor in India. Before joining the National Institute for Public Finance and Policy he served as advisor to the Department of Economic Affairs, Ministry of Finance, New Delhi from 2001 to 2005 Prior to this he also held positions at the Centre for Monitoring Indian Economy, Indira Gandhi Institute for Development Research. He began his career as a consultant with Rand Corporation in Santa Monica. Ajay Shah holds a Ph.D. in Economics from University of Southern California and a B.Tech from IIT.

This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.

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Professor Joseph Stiglitz - USA2001 Nobel Laureate for Economics, University Professor, Columbia University,Chief Economist, The World Bank, 1997-2000Chairman, President Clinton’s Council of Economic Advisers, 1995-1997

Joseph Stiglitz is probably the highest profile economist in the world. He has had an exceptionally high profile role both in academia and in real world policy making. He has received many academic awards for his work, including the Nobel Prize for Economics in 2001 and the John Bates Clark Award in 1979 given biennially by the American Economic Association to the economist under 40 who has made the most significant contribution to the field. According to the respected IDEAS website, he is currently the most widely quoted economist in the world. The author of numerous books, his newest book ‘Freefall: America, Free Markets, and the Sinking of the World Economy’, has been widely praised in the press

and gone on to become an international bestseller. In 2008 he was asked by the French President Nicolas Sarkozy to chair the Commission on the Measurement of Economic Performance and Social Progress, which released its final report in September 2009. In 2009 he was appointed by the President of the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System, which also released its report in September 2009.From 1995 to 1997 Joseph Stiglitz served in the Clinton Administration as the chair of President Clinton’s Council of Economic Advisors, a position with cabinet rank, and then as Chief Economist of The World Bank from 1997 to 2000. He has also acted as an unofficial advisor to President Barack Obama, who has been quoted in the New York Times stating “I have enormous respect for Joe Stiglitz, I read his work all the time” He holds a PhD in Economics from MIT.

Professor Muhammad Yunus - Bangladesh 2006 Nobel Laureate for PeaceAuthor of ‘Banker to the Poor’Chairman, President Clinton’s Council of Economic Advisers, 1995-1997

Muhammad Yunus is a Bangladeshi economist and founder of the Grameen Bank, an institution that provides microcredit to help its clients establish creditworthiness and financial self-sufficiency. In 2006 Yunus received the Nobel Peace Prize for his work. He has also received several other prestigious awards for his work including the United States’ Presidential Medal of Freedom , the King Abdul Aziz medal and the Ramon Magsaysay Award. Yunus was chosen by Wharton School of Business for PBS documentary, as one of ‘The 25 Most Influential Business Persons of the Past 25 Years’. Time magazine listed him under “60 years of Asian Heroes” as one of the top 12 business leaders. Yunus was voted

2nd in Prospect Magazine’s 2008 global poll of the world’s top 100 intellectuals and was ranked amongst the 100 of the world’s most influential people in the December 2009 Foreign Policy magazine’s FP 100 ranking. He is a member of advisory board at Shahjalal University of Science and Technology. Previously, he was a Professor of Economics at Chittagong University where he developed the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. He is the author of ‘Banker to the Poor’ and two books on Social Business Models, and a founding board member of Grameen America and Grameen Foundation. He is one of the founding members of Global Elders, whose members have included Nelson Mandela, Jimmy Carter and Kofi Annan. Yunus won a Fulbright scholarship in 1965 to study in the United States and completed a PhD in Economics from Vanderbilt University in 1971.

Professor Hugh White - Australia Head of the Strategic and Defence Studies Centre, Australia National University Director, The Australian Strategic Policy Institute 2001-2004, Deputy Secretary, Department of Defence 1995-2000

The Australian National University (‘ANU’) has been consistently ranked as Australia’s leading research university by international research bodies. Hugh White is head of ANU’s Strategic and Defence Studies Centre (‘SDSC’) and also serves as Professor of Strategic Studies at the Centre. SDSC is Australia’s leading centre for the study of strategic, defence and wider security issues. Established in 1966, the SDSC studies the strategic, defence and wider security issues of the Asia Pacific region and their projected impact upon Australia. In addition, to his work at SDSC Hugh White is also a Visiting Fellow at the Lowy Institute for International Policy and a regular columnist for The Age and the Sydney Morning Herald

newspapers. Hugh White’s research focuses primarily on Asia-Pacific security issues and global strategic affairs, especially as they influence Australia and the Asia-Pacific. His most recent works have included ‘The Trajectory and implications of China’s continuing rise for Northeast Asian regional integration’, ‘The geostrategic implications of China’s growth’ and ‘Power Shift: Australia’s Future between Washington and Beijing.’ Prior to joining the Strategic and Defence Studies Centre he served as the first Director of the Australian Strategic Policy Institute from 2001-2004. Before that White served as Deputy Secretary of the Department of Defence from 1995 to 2000, where he was in charge of the Defence Departments Strategic Planning and from 1985 to 1991 as Senior Advisor to Prime Minister Bob Hawke and Defence Minister Kim Beazley. He holds degrees from University of Melbourne and University of Oxford.

Carl Walter and Fraser Howie – USA/SingaporeCo-authors of ‘Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise’

While China has ostensibly cornered the market in US currency, treasury and agency bonds and pushes full steam ahead in a seemingly unstoppable rise on the global stage, what undergirds its financial edifice is a fragile banking system that threatens to undermine its sustainability and success. This forms the main vein of the timely new book, “Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise” by Carl E. Walter and Fraser J.T. Howie. Throwing light on China’s financial labyrinth, the book traces how the Chinese government reformed and modeled its financial system in the 30 years since it began engaging with the west. Red Capitalism has been published to rave reviews:

“ Red Capitalism is a must-read for anyone who wants to understand the sources of Chinese economic power, and the threat posed by the nation’s vast hidden debts. ” China Economic Quarterly

“ Walter and Howie debunk a number of common myths about China’s financial markets in this excellent new book. The authors have done their homework, digging beneath the surface of China’s financial world to reveal uncomfortable truths about a financial system riddled with hidden landmines that threaten to undermine China’s hard fought economic success “ The Wall Street Journal

“ Red Capitalism provides a way into the world’s most important and least understood financial system. For insight into how China’s economy actually operates, begin here ! “ The Economist


Christopher Vogt, Global Head of Hedge Funds,Allstate Insurance - USAThe Allstate Corporation is the United States’ largest publicly held personal lines insurer, providing insurance services to more than fourteen million households and managing USD$118 billion of assets for internal clients including the insurance companies, two ERISA plans, and non-insurance subsidiaries. Christopher Vogt is responsible for all hedge fund related activities across the Allstate Insurance enterprise.

DavidSingleton,SeniorVicePresident,Treasurer&ChiefInvestmentOfficer,Adventist Health System - USAAdventist Health System supports forty three campuses and employs fifty five thousand individuals. It’s hospitals provide care for four million patients each year in inpatient, outpatient and emergency room visits. It has total financial assets of approximately USD 2.5 billion. Prior to joining AHS in 2008, David Singleton has twenty three years of financial markets experience and worked as a Managing Director in SunTrust Bank.

Donghyun Park, Principal Economist,Asian Development Bank - The PhilippinesWith more than USD 17.5 billion in approved financing, 2,800 employees from 59 countries,ADB in partnership with member governments, independent specialists and other financialinstitutions is focused on delivering projects that create economic and development impact. Prior to joining ADB Donghyun Park was a tenured Professor at Nanyang Technological University in Singapore. He holds a PhD in economics from UCLA.

Thierry de Longuemar, Head of Finance,Asian Development Bank - The PhilippinesWith more than USD17.5 billion in approved financing, 2,800 employees from 59 countries, ADB in partnership with member governments, independent specialists and other financial institutions is focused on delivering projects that create economic and development impact. Prior to assuming his current post, Thierry de Longuemar served as ADB Treasurer. He has over 26 years of experience in both multilateral financial institutions and private banking.

AnneWhittaker,ChiefInvestmentOfficer,Australian Catholic Superannuation and Retirement Fund - AustraliaCatholic Super was founded in 1971, has seventy thousand members and assets of approximately AUD 4 billion. Prior to joining Catholic Super in 2008, Anne Whttaker was Senior Policy Advisor on Investments at the Association of Superannuation Funds of Australia - the Australian superannuation industry’s peak body - and before this was a principal at Mercer Investment Consulting for fourteen years.

DavidNeal,ChiefInvestmentOfficer,Australian Government Future Fund - AustraliaThe Future Fund was established by the Australian Federal Government in 2006 to assist future governments meet the cost of public sector superannuation liabilities by delivering investment returns on contributions to the Fund. The fund currently manages approximately AUD 75 billion (USD 72 Billion) in assets. Before joining The Future Fund as Chief Investment Officer in 2007, David Neal was Head of Investment Consulting at Watson Wyatt Australia.

YasukiMineshima,ExecutiveOfficerandGMoftheStrategicInvestmentDivision,Bank of Tokyo-Mitsubishi UFJ, Ltd - JapanEstablished in 2006, with the merger of the Bank of Tokyo-Mitsubishi and UFJ Bank, The Bank of Tokyo-Mitsubishi UFJ is the largest bank in Japan, with approximately Yen 160 trillion (USD 1.5 trillion) in assets. It provides commercial banking services to individuals and corporations in Japan and internationally. Yasuki Mineshima is Executive Officer and General Manager of the Strategic Investment Division. He is a graduate of Tokyo University.

Ted Lee, Senior Portfolio Manager - External Portfolio Management, Canada Pension Plan Investment Board - Hong KongThe Canada Pension Plan (CPP) is a USD 150 billion contributory, earnings-related social insurance program. It forms one of the two major components of Canada’s public retirement income system. The CPP Investment Board was created in 1997 as an organization independent of the government to monitor and invest the CPP’s funds. Ted Lee heads CPPIB’s hedge fund investments in Asia. Prior to this he was a Managing Director at Blackstone.

RahimullahZakir,DirectorGeneral,MarketOperations,Central Bank of Afghanistan - AfghanistanThe Central Bank fo Afghanistan (“DAB”) regulates all the banking and money handling operations in Afghanistan. As Director General of Markets Operations Rahimullah Zakir is working on the five year strategic plan for the bank and on the development of the secondary Market in Afghanistan. He holds a BSc (Hons) Economics from IIUI and MBA in Banking and Finance from Preston Institute of Management Science.

Ziaul Hasan Siddiqui, Deputy Governor, Central Bank of Bangladesh - BangladeshZiaul Hassan Siddiqui was appointed Deputy Governor of the Central Bank of Bangladesh Bank in 2006. He has worked for the bank since 1976. As Deputy Governor, he supervises the Monetary Policy Department, Forex Reserve and Treasury Management Department, the Foreign Exchange Investment, Operations and Policy Departments and the Research Department. He holds a Masters in Public Administration from the Harvard University.

Rupa Dheerasinghe, Assistant Governor, Central Bank of Sri Lanka - Sri LankaRupa Dheerasinghe was promoted to the post of Assistant Governor in January 2012. Rupa has served the Bank for a period of 29 years and was formerly Superintendent of Sri Lanka’s largest pension fund, the USD 9 billion Employees’ Provident Fund, The EPF provides social security for the employees of state sponsored corporations. Rupa has experience in the areas of Economic Research, Policy Review and Monitoring and International Operations.

Global ARC Singapore’s Investor SpeakersSorted alphabetically by organization


Dominic Gatt, Portfolio Manager,AMP Capital Investors - AustraliaAMP Capital Investors (AMPCI) is the largest investment manager in Australia and New Zealand. Its Australian division manages a significant range of investment products and invests in most major asset classes. AMP Capital manages over AUD 100 billion. (USD 95 billion) in assets. Dominic Gatt is Portfolio Manager for Alternative Investments at AMP Capital Investors. Dominic is a CFA Charter holder.

ChuaBoonLee,ChiefInvestmentOfficer,Central Provident Fund (CPF) - SingaporeCPF is a compulsory comprehensive savings plan for working Singaporeans and permanentresidents. It manages approximately USD150 billion in assets. Before joining CPF, Chua Boon Lee was a Director at Citibank and Regional Head of the Asia Pacific team responsible for manager research and product selection for the bank’s wealth management platform. Boon Lee holds a BBA from NUS and an M.B.A. from the University of Texas at Austin.

Dr.OlinLiu,ExecutiveDirector–ResearchDepartment,China International Capital Corporation Ltd - ChinaChina International Capital Corporation Limited (CICC) is China’s first joint venture investment bank. Prior to joining CICC, Olin Liu accrued over a decade of experience in macroeconomics and finance working for the International Monetary Fund, where she served as the Mission Chief and Deputy Division Chief for the International Monetary Fund’s Asia Pacific Department. She holds a Ph.D. in Economics from Boston College.

Apurva Mehta, Director of Investments, Cook Children’s Health Care System - USACook Children’s Health Care System (CCHCS) operates more than 60 pediatric medical and specialty clinic offices throughout Texas. The system has more than 4,000 employees. Apurva Mehta joined CCHCS in 2011 as Director of Investments. In this role he oversees management of the portfolio across all asset classes, including strategic and tactical asset allocation recommendations, investment manager selection and manager performance evaluation.

HideoKondo,ChiefInvestmentOfficer,DIC Pension - JapanDIC is one of Japan’s most diversified chemical companies, with over two hundred and twenty subsidiaries and affiliates worldwide and over twenty five thousand employees. In addition to serving as Chief Investment Officer for DIC’s pension fund, Hideo Kondo also serves as Chairman of the influential Steering Committee for Investments for Japan’s peak pension fund body, the Corporate Pension Fund Council of Japan.

JennyChan,InvestmentOfficer,Doris Duke Charitable Foundation - USAEstablished in 1996, the USD 2 billion Doris Duke Charitable Foundation supports four national grant making programs. Prior to joining the Doris Duke Charitable Foundation in 2007, Jenny Chan was responsible for hedge funds and funds of funds research at Canterbury Consulting and has over ten years of experience covering alternative assets. Jenny earned a BS in Finance and Accounting from New York University. She has been a CAIA charter holder since 2004.

JeffreyHeil,ChiefInvestmentOfficer,Doris Duke Charitable Foundation - USAEstablished in 1996, the USD 2 billion Doris Duke Charitable Foundation supports four national grant making programs. Prior to joining the Foundation, Jeff Heil was Co-Head of Investments at the University of California, where he actively managed USD 25 billion in equity holdings. He earned a BA in Government, summa cum laude, from Ohio University and an MBA at NYU, where he was awarded the Marcus Nadler Fellowship.

MichaelStrachan,ChiefInvestmentOfficer,Equipsuper Superannuation Scheme - AustraliaMichael Strachan is responsible for all investment related matters at Equipsuper Superannuation Fund, which manages assets of AUD 4.5 billion on behalf of over 45,000 members around Australia. He was previously the CIO of both the Rio Tinto Staff Superannuation Fund and Comalco New Zealand Retirement Fund. Michael holds a PhD from the University of Melbourne and an MBA with Distinction from Melbourne Business School.

Shirin Ismail, Senior Vice President, Fullerton Fund Management - SingaporeFullerton Fund Management is a wholly owned subsidiary of Temasek Holdings. Shirin Ismail, CFA, Senior Vice President and Head of Absolute Returns Investment Strategies, joined Fullerton Fund Management Company on its formation in 2003. In her current role, she is responsible for portfolio investments into absolute returns funds including hedge funds. Prior to joining Fullerton, Shirin was with the Fund Management Division of Temasek Holdings.

ManrajSekhon,ChiefExecutiveOfficer,Fullerton Fund Management - SingaporeFullerton Fund Management Company Ltd. is a wholly owned subsidiary of the Singapore governments’s Temasek Holdings. Prior to joining Fullerton, Manraj Sekhon was a Director and Head of International Equities at Henderson Global Investors, where he led an investment team that managed Global and Global ex US equity portfolios. He graduated from the University of Warwick with a BSc (Hons) in Management Sciences. He is a CFA charterholder.

7This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.

Toshiki Kitano, Assistant Manager, Market and Alternative Investment Department,Daido Life Insurance Company - JapanDaido Life Insurance has total assets of USD 65 billion, over USD 3billion of which are currently Invested in alternatives. Toshiki Kitano has worked for Daido Life since 2003 and presently serves as Assistant Manager, Market and Alternative Investment Department, responsible for the analysis and management of Daido Life’s hedge fund investments. He is a graduate of Waseda University’s Law Department.

Adelene Tan, Head of External Managers, Government of Singapore Investment Corporation (GIC) - SingaporeThe Government of Singapore Investment Corporation Private Limited (GIC) is a sovereign wealth fund established by the Government of Singapore in 1981 to manage Singapore’s foreign reserves. GIC is one of the largest investment management organizations in the world, with over one thousand staff and approximately USD 300 billion in a diverse range of assets in over 40 countries. GIC has a network of nine offices in key financial capitals around the world.

Heman Wong, Executive Director, Hong Kong Hospital Authority Provident Fund - Hong KongThe Hong Kong Hospital Authority Provident Scheme is a defined contribution pension scheme. It is Hong Kong’s largest provident fund with over thirty five thousand members and approximately USD 5 billion in assets. The Hong Kong Hospital Authority Provident Scheme is currently invested in funds of hedge funds. Heman Wong serves as Executive Director of the Hong Kong Hospital Authority Provident Funds.

Martin Matsui, Head, External Managers, Division of Reserves Management, Hong Kong Monetary Authority - Hong KongThe Hong Kong Monetary Authority is the government authority in Hong Kong responsible for managing the HKMA Exchange Fund, maintaining currency stability, promoting the stability and integrity of the financial system, and helping to maintain Hong Kong’s status as an international financial centre. Martin Matsui heads the External Managers Division of Hong Kong Monetary Authority’s Reserve Management.

JamesOrbell,HeadofAlternativeFundofFundsInvestments,Ignis Insurance - United KingdomIgnis is part of the Phoenix Group and manages around GBP 75 billion for its parent company. James Orbell is responsible for managing a portfolio of hedge funds and private equity funds on behalf of Phoenix. He has been with Ignis for three years. Prior to joining Ignis, James held several positions in investment banking with Credit Suisse, Nomura, Axial Asset Management and UBS. He holds a PPE degree from University of Oxford.

Edward Gustely, Senior Advisor, Indonesia Government Investment Unit - IndonesiaThe Government Investment Unit of Indonesia is a sovereign wealth fund managed by the Indonesian Ministry of Finance, tasked with increasing Indonesia’s macroeconomic stability, economic growth, and government investment. Edward Gustely is the chief architect of the US$ 1 billion Indonesia Green Investment Fund and MD at Penida Capital. He has served as senior advisor to 4 Indonesian finance ministers and the US Treasury.

Dr. Ravi Balakrishnan, Senior Economist, International Monetary Fund - SingaporeRavi Balakrishnan is Senior Economist at the International Monetary Fund in Singapore. Prior to this he was Senior Economist at the IMF’s World Economic Studies division responsible for producing the IMF’s twice yearly World Economic Outlook. He started his career at the Bank of England and Bank of Spain, before joining the IMF in 2001. He holds a PhD. in Economics from London School of Economics and a B.A.from Cambridge.

Martin Rodriguez, Chief Investment officer, Integración AFAP Pension - UruguayIntegracion AFAP is a development bank from Uruguay, with an AUM of approximately USD 1 billion. It offers services in investment strategies and its main activity is to manage pension savings funds,. Martin Rodriguez works for Integración Afap as Chief Investment Officer with the principal responsibility for the administration and profitability of the investment portfolio. Martin is a qualified CPA and also holds an MBA.

Wonhee Lee, Director, Alternative Investment Division, Postal Savings Bureau, Korea Post - South KoreaKorea Post-EverRich Postal Savings (EverRich Postal Savings) is one of the two financial services subsidiaries of Korea Post, South Korea’s government-owned national postal company. It manages asets of approximately USD 50 billion. The Postal Savings Management Team and the Postal Insurance Asset Management Team within Korea Post are responsible for the safety and asset allocations of of the investments.

Sanjay Tikku, Portfolio Manager - Hedge Fund Investments, King Abdullah University of Science and Technology Endowment (KAUST) – Saudi ArabiaKing Abdullah University of Science and Technology (KAUST) is a public research university located in Thuwal, Saudi Arabia. KAUST was founded in 2009 and focuses exclusively on graduate education and research, using English as the official language of instruction. It offers programs in life Sciences, engineering, computer Sciences, and physical sciences. KAUST currently possesses an endowment of approximately USD 10 billion.

GregDoyle,ChiefInvestmentOfficer,Kruger Inc. - CanadaKruger Inc. is a major pulp and paper manufacturer based in Montreal, with operations around the world. Greg Doyle is Chief Investment Officer at Kruger Inc. where he directs the investment activities for the sixteen underlying pension plans. Prior to joining Kruger Corporate Pension, Greg Doyle ran a US Equity Long/Short portfolio at Montreal based Caisse de Depot et Placement de Quebec, Canada’s largest pension plan.

Maik Thinnes, Portfolio Manager, Alternative Investments, Lebensversicherung von 1871 Insurance a. G. München - GermanyLebensversicherung von 1871 (LV 1871) is Munich’s oldest life insurance company and one of Germany’s medium-sized life insurance companies. As a mutual insurance association it is liable only to its customers who are advised by independent insurance intermediaries. LV 1871 specializes in innovative life, pension and disability insurances. Its reputation as a top company in the insurance sector is underlined by numerous rankings and ratings.

Joy Tan Peck Hong, Senior Assistant Director (INVEST), Ministry of Home Affairs - SingaporeJoy Tan Peck Hong is the Senior Assistant Director of INVEST. The INVEST Committee (INVEST COMM) assists the INVEST BOT in looking into the asset allocation strategy of the HUS INVEST Fund and monitoring the performance of the external fund managers. The HUS INVEST Fund is a superannuation fund established on 1 October 2001 under the Home Affairs Uniformed Services Superannuation Act 2001.


ScottKalb,ChiefInvestmentOfficer,Korea Investment Corporation – South Korea The Korea Investment Corporation (‘KIC’) was established by the Government of South Korea in 2005. KIC currently manages approximately USD 40 billion of South Korea’s foreign reserves. Prior to joining KIC in 2009 Scott Karb served as a Managing Director at 159 Park Advisors, Principal of Black Arrow Capital and a Portfolio Manager at Balyasny Asset Management and Tudor Capital. Scott holds a Masters in East Asian Economics from Harvard.

ChiefInvestmentOfficer,Japan Airlines Pension Plan – Japan Japan Airlines (JAL )was established in 1951 and became the national airline of Japan in 1953. JAL is headquartered in Shinagawa, Tokyo, Japan. After over three decades of service and expansion, the airline was fully privatized in 1987. In 2002, the airline merged with Japan Air System, Japan’s third-largest airline and became the sixth largest airline in the world by passengers carried. Japan Airlines Pension Fund has approximately USD 3 billion in assets.

YujiHorikoshi,Manager-Treasurer’sOffice,Mitsubshi Corporation Pension Fund - JapanMitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people.

Nobusuke Yamaoka, Manager, Hedge Fund Investments, Mitsui Sumitomo Insurance Co. Ltd - JapanThe Mitsui Sumitomo Insurance Company operates principally in two business segments: property and casualty insurance and life insurance. The group has around USD 110 billion in assets and fourteen thousand employees. Nobusuke Yamaoka began his career at Nippon Life Insurance Company and Lehman Brothers International. He holds an MBA in Finance from the Graduate School of Waseda University.

Chuin Houi Yap, Executive Director - Reserve Management, Monetary Authority of Singapore - SingaporeThe Monetary Authority of Singapore is the central bank of Singapore and is responsible for managing the official reserves of Singapore, monetary policy, the issuance of currency, the oversight of payment systems and serving as banker to, and financial agent of, the Government. Chuin Houi Yap, is Executive Director for Reserve Management at the Monetary Authority of Singapore.

Dr. Indranil Ghosh, Head of Strategy and MacroeconomicsMubadala Development Company - Abu DhabiMubadala’s multi-billion dollar mandate is to facilitate the diversification of Abu Dhabi’s economy. Its focus is on managing long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate. Indranil Ghosh is the Head of Strategic Planning and Macroeconomics for Mubadala. He holds a PhD from Massachusetts Institute of Technology and two Masters degrees from Cambridge University.

Niraj Dhanky, Head of Portfolio Management,National Bank of Abu Dhabi - Abu DhabiNational Bank of Abu Dhabi (NBAD) has approxmately USD70 billion in assets under management.Niraj Dhanky has over 22 years experience in investment management at various leading GCC and international banks. Over the last decade; he has been responsible in establishing and managing Alternative Investments business at various GCC banks like Emirates Bank International, Dubai and Arab National Bank.

StevenPhillips,ChiefExecutiveOfficer,Nestlé Capital Advisers - SwitzerlandNestle Capital Advisers runs Nestle’s combined global pension investments, which are approximately USD 20 billion. Steve N Phillips has, since August 2010, been the Chief Executive Officer of Nestlé Capital Advisers S.A., responsible globally for Nestle’s Pension and Risk Management function. He is a graduate of the London School of Economics and is also a qualified chartered accountant.

StephenKnight,ChiefExecutveOfficer,New South Wales Treasury Corporation - AustraliaNew South Wales Treasury Corporation (“TCorp”) is the central financing authority for the New South Wales public sector, and is a leading issuer of semi-government securities in the Australian market. TCorp plays a key role in managing investments and liabilities for the government, its authorities and businesses.

Eivind Lorgen, Head of Alternatives and Manager Selection,Nordea Bank - SwedenNordea is the largest financial services group in Northern Europe with a market capitalisation of approximately Euro 25 billion and total assets of over Euro 670 billion. Eivind Lorgen is Head of Alternatives and Manager Selection in Nordea Investment Management, a global organisation with thirty investment professionals. Prior to his job in Nordea, Eivind worked for Storebrand and Zurich Financial Services.

Dave Uduanu, Managing DirectorPensions Alliance Limited - Nigeria,Pensions Alliance Limited manages and administers retirement savings contributions of employees in Nigeria. He is also the Chairman of the Pension Operators Association of Nigeria - the umbrella body of all regulated Pension Operators in Nigeria. Dave Uduanu is a qualified Chartered Accountant and a CFA Charter Holder. He has fifteen years of professional experience roles including at Ernst & Young and IBFC Limited.

Mika Jaatinen, Portfolio Manager – Hedge Fund and Private Equity Investments,Pension Fennia – Finland,Pension Fennia is a mutual insurance company that provides employee pension insurance. Pension Fennia manages over USD 9 billion in investments and has a 10% allocation to single manager hedge funds. Before taking up his current position as Portfolio Manager of hedge funds at Pension Fennia Mika Jaatinen worked in Pension Fennia’s risk division and prior to that worked as mutual fund analyst for the Finnish Stock Exchange.

Kazuaki Kojima, Director of Alternative Investments,PFA - JapanPFA is Japan’s largest private-sector pension fund manager, with approximately 13 trillion yen - USD 140 billion - in assets. PFA is a government-backed corporation that looks after the pensions of employees who quit mid-career from one of its more than 1,400 member companies. Prior to joining PFA, Kazuaki Kojima was a Managing Director at Goldman Sachs Asset Management focussing on fixed income and commodities.


Wanjiru Kirima, Chair,Principal Officers Association of South Africa - South Africa Wanjiru Kirima is the Principal Officer of the FirstRand Group, Chair of the Principal Officers Association – the peak body for South African pension investment staff - and an advisory member of the Southern African Pension Fund Investment Forum. She was previously Global Trustee manager to Shell’s Global Pension Funds. And Principal Officer of the Shell and SAPREF Pension Funds in South Africa.

Marco Neuhaus, Head of Fixed Income Yield Enhancements,Talanx Asset Management - Germany Talanx Asset Management GmbH, is a subsidiary of Talanx AG, Germany’s third-largest insurance group. Talanx Asset Management has an investment portfolio of over 84 billion Euros. Marco Neuhas heads all of Talanx AM’s Euro 1 billion of AM’s fixed income alternative investments. Marco has earned a PhD in Economics magna cum laude from Mannheim University and an MSc from the London School of Economics.

GekKhimChew,ExecutiveChairandChiefExecutiveOfficer,Tecity Group - Singapore As Executive Chair and Chief Executive Officer of the Tecity Group, Gek Khim Chew oversees the Group’s equity investments worldwide. She has also been actively involved in the acquisition and management of the Group’s property investments. She is also the Deputy Chairman of the Tan Chin Tuan Foundation in Singapore, the Chairman of the Tan Sri Tan Foundation in Malaysia, and Executive Chairman of Straits Trading Company.

DavidMarcus,ChiefInvestmentOfficer,The Juilliard School Endowment - USA The Juilliard School is a global leader in artistic education with one thousand students from over forty countries. David Marcus oversees an approximately USD 1 billion endowment portfolio used to support Juilliard’s operations and student financial support. Prior to Julliard he was a managing director at the USD 4 billion endowment of Dartmouth College. David holds a BS from the Wharton School and MBA from the University of Chicago.

Mike Powell, Director of Alternative Investments,Universities Superannuaton Scheme (USS) - United Kingdom Universities Superannuation Scheme is the second largest pension fund in the UK with approximately GBP 25 billion in assets under management for UK Universities. Mike Powell joined USS in 2006 as the Head of Alternative Assets to build the alternatives investment programme. Prior to USS, he spent the majority of his career at Shell Pensions Management Services Limited in a variety of investment roles, latterly as the Head of Strategy.


ConMichalakis,ChiefInvestmentOfficer,Statewide Superannuation - Australia Con Michalakis is the Head of Investments at Statewide, one of South Australia’s leading superannuation groups and is responsible for managing, with the investment committee, the fund’s assets. Prior to this, Con worked for Pzena Investment Management in New York and Merrill Lynch Investment Managers in Sydney. Con has a Bachelor of Maths from the University of Adelaide, and a Master of Science from the University of London.

Speaker TBASwiss Re - Switzerland Founded in 1863 and headquartered in Zurich, the Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. Using in-house and external managers, Swiss Re manages approximately USD 140 billion in assets.

Faisal Al Riyami, Head of Direct Investments,State General Reserve Fund of Oman-OmanThe USD 8 billion State General Reserve Fund of Oman is the sovereign wealth fund of the Kingdom of Omam and serves as a source of income for future generations and as a mechanism for economic stabilisation. State General Reserve Fund of Oman is financed by the revenue generated from Oman’s oil and gas sales and is responsible for the investment of the reserves of the Sultanate of Oman.

Kate Misic, Head of Alternative Investments,Telstra Super Pty Ltd – Australia Telstra Super is Australia’s largest corporate super fund with over 100,000 members and assets of AUD 11 billion (USD 10 billion). Kate Misic joined Telstra Super as Head of Listed Alternatives in 2010. Kate has had more than eleven years of experience in investment manager research and performance analysis. Kate is a CFA Charterholder, a Fellow of FINSIA and completed a bachelor of science at Australian National University.

Elizabeth Kumaru, Senior Manager, Funds Management,QSuper – Australia QSuper is a AUD 30 billion (USD 28 billion) superannuation fund for Queensland public sectorn workers. Elizabeth Kumaru joined QSuper as Senior Manager, Funds Management in 2009. Elizabeth has 17 years of investment industry experience and joins QSuper from Queensland Investment Corporation (‘QIC’) where she held various positions in her eleven year tenure, and most recently as QIC’s Senior Portfolio Manager for Alpha Investments.

Heng Boo Fong, Director, Special ServicesSingapore Totalisator Board – Singapore Established on 1988, the Tote Board manages the funding activities from the gaming surpluses generated from the operations of Singapore Turf Club and Singapore Pools, and from the casino entry levies. Fong Heng Boo studied at the University of Singapore and graduated with an Honours Degree in Accountancy. He has over 36 years of working experience in auditing, finance, corporate and governance.

EliasMasilela,ChiefExecutiveOfficer,Public Investment Corporation – South Africa The Public Investment Corporation is the biggest pension fund in South Africa and manages over USD 125 billion on behalf of South Africa’s public sector entities, most of which are pension, provident, social security, and guardian funds. In addition to his role of CEO of PIC, Elias has served as a Board Director of the South African Reserve Bank, a trustee of the Government Employees Pension Fund and as a Commissioner on the National Planning Commission.

Elvyn Gani Masassya, Director of InvestmentsPT. Jamsostek (Persero) - Indonesia PT. Jamsostek (Persero) is Indonesia’s largest pension fund with assets of approximately USD 12 billion. Elvyn Masassya is in charge of Jamsostek’s overall investment activities. Elvyn has previously served as Commissioner of PT Bank Bali, Director of PT Bank Permata, Corporate Secretary of PT Bank Negara Indonesia and Director of PT Tuban Petrochemical Industries. He has a B.Econ. from Jayabaya University and a MFM from the ITB.

JustinPascoe,ChiefInvestmentOfficer,Victoria Funds Management Corporation - Australia VFMC was established by the government of the State of Victoria in 1994 entrusted with managing AUD 35 billion of the State’s financial assets to meet its future and emerging liabilities. Before joining VFMC as CIO in 2008 Justin Pascoe was a Managing Director with Goldman Sachs Asset Management. He has nineteen years of industry experience in senior roles at asset management and asset consulting firms in Australia and Asia.

JudySaunders,ChiefInvestmentOfficer,West Midland Pension Fund - United Kingdom The GBP 8 billion West Midlands Pension Fund is a public sector DB pension covering the West Midlands region of the UK. It has 250,000 members. The Fund’s administration is carried out in-house, together with a significant element of investment management. 35% of the GBP 8 billion fund is invested in alternatives. Judy Saunders is the West Midlands Pension Fund’s Chief Investment Officer where she has responsibility for investment strategy.


Paul Murray, Head of Debt and Absolute Returns,Victorian Funds Management Corporation - Australia Victorian Funds Management Corporation (VFMC) was established by the government of the State of Victoria in 1994 entrusted with managing AUD 35 billion (USD 32 billion) of the State’s financial assets to meet its future and emerging liabilities. Prior to joining VFMC Paul Murray was the Head of Australian Cash and Fixed Income with Macquarie Funds Management and previously worked at Bankers Trust Australia and The Reserve Bank of Australia.

Global ARC Singapore’s Industry Expert SpeakersSorted alphabetically by organisation

Guy Ingram, Co-Founder and Head of Hedge Fund Advisory ServiceAlbourne Partners - United Kingdom Guy Ingram co-founded Albourne Partners in 1994 and currently heads its Research Group, responsible for evaluation of hedge fund managers and assessing the prospects for various hedge fund strategies. Previously Guy was directly responsible for analysis of individual hedge funds, portfolio construction and development of Albourne’s risk management capabilities. Prior to that, Guy worked with Simon Ruddick at Westminster Equity on pricing and risk management.

BrianPennington,ChiefRiskOfficer,Goldentree Asset Management - USA GoldenTree manages absolute return strategies which invest in bank debt, high yield bonds, distressed debt, middle market loans, equities and real estate. Prior to joining GoldenTree, Brian Pennington was a Managing Partner of Rock Ridge Advisors. He began his investment career in 1986 at Salomon Brothers in the firm’s renowned fixed-income proprietary trading unit. Brian holds a BS in Mathematics and an MBA from the University of Chicago.

Dame Amelia Fawcett, Chair,Hedge Fund Standards Board – United Kingdom Dame Amelia Fawcett was appointed Chairman of the HFSB in July 2011. Dame Amelia is also Non-Executive Chairman of the Guardian Media Group plc, a Non-Executive Director of State Street Corporation in Boston and a Non-Executive Director of Investment AB Kinnevik in Stockholm. Before this she served as Vice-Chair of Morgan Stanley. In 2010 she was awarded a DBE, in both instances for services to the finance industry.

AlexaLam,DeputyChiefExecutiveOfficer,Hong Kong Securities & Futures Commission - Hong Kong Alexa Lam is the Deputy CEO of the Securities and Futures Commission (SFC) and Executive Director of its Policy, China and Investment Products Division. Major initiatives that have been led by Alexa have included the enactment of the Securities and Futures Ordinance and reforms in margin financing and industry practices. Internationally, Alexa Lam also on Standing Committee 5 of the International Organization of Securities Commissions (IOSCO).

PaulMarshall,ChairmanandChiefInvestmentOfficer,Marshall Wace - United Kingdom Paul Marshall is co-founder and Chief Investment Officer of Marshall Wace, one of Europe’s largest hedge fund groups. Marshall Wace was founded in 1997 by Paul Marshall and Ian Wace. Funds managed by Marshall Wace have won multiple investment awards and the company has become one of the world’s leading managers of equity long/short strategies. Paul is a member of the HFSB. He was educated at Oxford, and holds an MBA from INSEAD.

David Schiff, Partner and Portfolio Manager, Perella Weinberg Partners - USA David Schiff joined Perella Weinberg Partners in 2008 and is a Partner and Portfolio Manager for the firm’s Asset Based Value Strategy. The Perella Weinberg Partners Asset Based Value Fund won Absolute Return’s Best Distressed Fund award for 2010 and 2011. Prior to joining Perella Weinberg, David was the CEO and President of Broadworth Capital, an asset-backed focused investment vehicle for two high net worth families.

Ted Uemae, Founder,Alternative Investment Products Inc - Japan Ted Uemae founded Alternative Investment Products in 1998. Alternative Investment Products is a unique hedge fund advisory company which provides manager evaluation, portfolio design and risk monitoring process to Japanese institutional investors and also to major fund distributors in Japan. Ted also served as Chairman of the Alternative Investment Management Association Japan chapter from 2002 to 2006.

Daniel Pound, Managing Director,Angelo Gordon - United Kingdom Daniel Pound joined Angelo, Gordon in 2005 focusing on European distressed and risk arbitrage situations. Prior to this, Dan was an adviser at Close Brothers Corporate Finance focusing on creditor side restructuring and mid-market M&A. Dan is a qualified chartered accountant having worked for KPMG in London and New York. Dan holds a BSc degree from University College London and an M.B.A. degree from University of Edinburgh and ENPC (Paris).

FlorenceLombard,ChiefExecutiveOfficer,Chartered Alternative Investment Analyst Association - USA Florence Lombard is CEO of the Chartered Alternative Investment Analyst (CAIA) Association. Florence has been part of CAIA since its very beginning, as a co-founder and as an inaugural member of the board of directors. Florence was previously CEO and Executive Director at the Alternative Investment Management Association (AIMA), the global hedge fund industry association, another organisation of which she was a founding member.

Florence Eid, President,Arabia Advisors – Lebanon Florence Eid is the Founder and CEO of Arabia Monitor, a research firm focused on the Middle East and North Africa region, and President of Arabia Advisors. Previously she was a Managing Director at Passport Capital, Vice President and Senior Economist at JPMorgan, and Professor of Finance and Economics at the American University of Beirut. She holds a Ph.D. in Economics from MIT and has held Visiting Professorships at INSEAD and HEC – Paris.

GeorgeMain,FounderandChiefExecutiveOfficer,Diversified Global Asset Management - Canada George Main is the founder of Diversified Global Asset Management (DGAM) He serves as its Chief Executiive Officer and is responsible for the firm’s management leadership and investment decision-making. DGAM is a fund of funds manager based in Toronto and New York with over USD 5 billion in managed and advisory assets.George Main has been a leader and innovator in fund of hedge funds management for over a decade.

David Mercurio, Co-Head of Global Equity Strategies and Head of Asia Equity,GLG - Hong Kong Founded in 1995, GLG is a leading global investment manager offering a comprehensive range of alternative, traditional long-only and hybrid investment products and services. David Mercurio has over 17 years of investment experience across both corporate finance and buy-side investment roles. He joined GLG from the Government of Singapore Investment Corp (GIC) where he was a senior portfolio manager. He holds a Bachelor and Master of Commerce from UNSW.


Patrick Downes, President,Premium Point Investments - USA Patrick Downes has over twenty-one years of experience in the MBS market and structured products. From 2005 to 2008, Patrick served as a Director of Deutsche Bank’s RMBS business. Prior to joining Deutsche Bank, he founded and served as the Chief Executive Officer of Vertical Crossing, which was sold to FIMAT - a wholly owned subsidiary of Société Générale in 2003. He holds a B.S. from Cornell University.

Naomi Denning, Head of Investment Consulting, Asia-Pacific,Towers Watson - Hong Kong Naomi Denning is Towers Watson’s Managing Director, Investment AP, with overall responsibility for the company’s investment team in the Asia-Pacific region. She previously was regional head of Investment Consulting for Watson Wyatt. Naomi received a BSc. (Hons.), degree from Loughborough University and an Executive MBA with Kellogg/HKUST. In 2009, Naomi was recognized as one of the Top 25 most influential people in asset management in Asia by Asian Investor magazine.

MichaelvanBiema,FounderandChiefExecutiveOfficer,Van Biema Value Partners - USA Michael van Biema established van Biema Value Partners in 2004. He was previously a faculty member of Columbia Business School from 1992 to 2004, where he taught value investing, capital markets, securities analysis, and entrepreneurial finance in the MBA programs. Michael received his B.S. from Princeton and his Ph.D. in Computer Science from Columbia. Michael is co-author of the book “Value Investing from Graham to Buffett and Beyond”

Christopher Nygaard, Managing Partner and Portfolio Manager -Agricultural CommoditiesVermillion Asset Management - USA Chris Nygaard has spent his career in physical commodity and derivatives trading, risk systems modeling, and structured commodity finance. Prior to founding Vermillion in 2005, Chris was Managing Director and Portfolio Manager for Octagon Asset Management, LLC, where he invested in commodity inventory finance, trade finance and asset backed securities on a global basis. Chris is a graduate of Northwestern University.

MarkO’Hare,Founder,Preqin - United Kingdom Mark O’Hare is Founder and Chief Executive of Preqin. Preqin provides extensive research and data on the entire global alternative assets industry. Mark’s initial career was as a Manager with Boston Consulting Group. In 1993 he founded Citywatch, the UK’s leading shareholder information service, which was acquired by Reuters in 1998. Mark studied Mathematics at Cambridge, where he graduated with First Class Honours and was awarded the Stokes Prize.

JeffTarrant,Co-Founder,ChiefExecutiveOfficerandChiefInvestmentOfficer,Protégé Partners - USA Jeffrey Tarrant is Co-founder, CEO and CIO of Protégé Partners. Founded in 2002, Protégé is a USD 3 billion asset management firm that manages two hybrid funds of hedge funds focused on identifying smaller hedge funds, as well as a direct, hedge fund. In 1996, Jeffrey founded Altvest, one of the hedge fund industry’s largest database and analytics systems. He received an MBA from Harvard and a BA from the UC Davis.

YoungChin,ChiefInvestmentOfficer,Pyramis Global Advisors - USA Young Chin is Chief Investment Officer of Pyramis Global Advisors, a Fidelity Investments company. Pyramis, with approximately USD 150 billion in assets, focuses on investment products and solutions for institutional customers. Young Chin oversees all Pyramis’s portfolio management, research, and trading functions. He previously served as President and CEO of Gartmore Global Investments overseeing assets of more than USD 80 billion.

StephenHarper,Co-FounderandChiefExecutiveOfficer,Saguenay Strathmore Capital - United Kingdom Stephen Harper is Chief Executive Officer at SSC. Prior to founding Strathmore Capital in 2003, Stephen served as Chief Operating Officer and Partner of VHC Partners LLP, a European hedge fund. Previously Stephen was a Senior Managing Director and Chief Operating Officer of the global derivatives businessand at Bankers Trust. Stephen holds a BSc magna cum laude in Economics and Maths from Brown University and an MBA from Harvard University.

Jean-Louis Lelogeais, Co-Founder and Senior Managing Director,SVP Global - USA Jean-Louis Lelogeais is Co-Founder, Senior Managing Director and a member of the Investment Committee at SVP. Prior to this he was co-head of Moore Strategic Value Partners, a joint venture with Moore Capital; Managing Director at Chase Manhattan Bank; and a Partner with Booz Allen Hamilton, where he managed the Wholesale Banking and Capital Markets practice. He holds an M.S. in Management Sciences from MITand a M. Eng. from Ecole des Mines.

Sarah Barratt Ball, Managing Partner,Shearwater Partners – United Kingdom Sarah Barratt Ball is Managing Partner of Shearwater Partners. Prior to forming Shearwater Partners Sarah was a Partner at Oakpoint Advisors LLC a hedge fund consulting firm, Director at Trafelet Delta Funds, a long/short fundamental equity manager, and was a managing director and Head of the Asset Owners Sales Group in Morgan Stanley’s prime brokerage unit. Sarah holds a BSc. in Mathematical Statistics and Operational Research from Exeter University.

Professor Annie Koh, Dean of Executive and Professional Education,Singapore Management University – Singapore Annie Koh is Dean of Executive and Professional Education, Academic Director of the International Trading Institute and Associate Professor of Finance at SMU. Annie received her PhD in International Finance from NYU’s Stern School of Business as a Fulbright scholar. Her research interests include family offices, alternative investments, investor behaviour and corporate risk management. Prior to joining academia, she was a treasury manager at DBS Bank.



7.25amOpening remarks and welcome on behalf of Global ARC

The Geopolitical Context

7.30am KEYNOTE PANEL: Asia’s geopolitical fault lines in Asia: where are they and what implications do they carry for the region’s future economic growth?

Is it possible to reconcile China, Malaysia, Indonesia’s the Philippines and Vietnam’s need for maritime and commodities security in the South China Sea in a manner acceptable to all parties? Is China’s military really a threat to US naval supremacy in the region? Is the often troubled Pakistan India relationship more likely to improve or to further deteriorate? Are the ‘centrifugal’ forces within China growing and how is this likely to impact upon China’s internal and external policies?

Professor Hugh White Head of Strategic and Defence Studies, Australian National UniversityDirector, Australian Strategic Policy Institute 2001-2004,Deputy Secretary, Department of Defence 1995-2000 - Australia

The Australian National University (‘ANU’) has been consistently ranked as Australia’s leading research university by international research bodies. Hugh White is head of ANU’s Strategic and Defence Studies Centre (‘SDSC’) and

also serves as Professor of Strategic Studies at the Centre. SDSC is Australia’s leading centre for the study of strategic, defence and wider security issues. Established in 1966, the SDSC studies thestrategic, defence and wider security issues of the Asia Pacific region and their projected impact upon

Australia. In addition, to his work at SDSC Hugh White is also a Visiting Fellow at the Lowy Institute for International Policy and a regular columnist for The Age and the Sydney Morning Herald newspapers. Hugh White’s research focuses primarily on Asia-Pacific security issues and global strategic affairs, especially as they influence Australia and the Asia-Pacific. His most recent works have included ‘The Trajectory and implications of China’s continuing rise for Northeast Asian regional integration’, ‘The geostrategic implications of China’s growth’ and ‘Power Shift: Australia’s Future between Washington and Beijing.’ Prior to joining the Strategic and Defence Studies Centre he served as the first Director of the Australian Strategic Policy Institute from 2001-2004. Before that Hugh White served as Deputy Secretary of the Department of Defence from 1995 to 2000, where he was in charge of the Defence Departments Strategic Planning and from 1985 to 1991 as Senior Advisor to Prime Minister Bob Hawke and Defence Minister Kim Beazley. He holds degrees from University of Melbourne and UniversityofOxford.

Dr. Cheng Li Director, John L. Thornton China Center, Brookings Institute Director, National Committee on US-China Relations – USA

Dr. Cheng Li grew up in Shanghai during the Cultural Revolution. In 1985 he came to the United States, where he received an M.A. from UC Berkeley and a Ph.D. in Political Science from Princeton University. Dr. Li is the author

or the editor of ‘Rediscovering China: Dynamics and Dilemmas of Reform’, ‘China’s Leaders: The New Generation’, ‘Bridging Minds Across the Pacific China’s Changing Political Landscape’ and ‘China’s Emerging Middle Class.’ He is frequently called on to share his unique perspective and insights as an expert on China and has recently appeared on CNN, C-SPAN, the BBC, Voice of America, the PBS NewsHour, Charlie Rose, Foreign Exchange with Fareed Zakaria, and NPR’s Diane Rehm Show. He has been featured in The New York Times, The

Washington Post, the Wall Street Journal, Time, The Economist, Newsweek, Business Week, Foreign Policy and numerous other publications. Dr. Li has been a recipient of fellowships or research grants from the Smith Richardson Foundation, the Freeman Foundation, the Peter Lewis Foundation, the Crane-Rogers Foundation, the Emerson Foundation, the US Institute of Peace, HK Institute of Humanities and Social Sciences, and the Chiang Ching-Kuo Foundation. Dr. Li is also a columnist for the Stanford University Journal China Leadership Monitor. Dr. Li has advised a wide range of government and business organizations on working in China. He is an advisor to the World Bank, a member of the Academic Advisory Group of the Congressional U.S.-China Working Group and a member of the Council on Foreign Relations.

Professor Brahma Chellaney - IndiaProfessor of Strategic Studies, Centre for Policy Research,Author of ‘Water: Asia’s New Battleground’ and ‘Asian Juggernaut: The Rise of China, India and Japan’

Professor Chellaney is widely regarded as one of India’s leading strategic thinkers and analysts, and is also a well-known newspaper and television commentator on international affairs He is one of the authors of India’s

nuclear doctrine and its first strategic defense review. He was an adviser to India’s National Security Council and served as Convenor of the External Security Group of the National Security Advisory Board, as well as member of the Board’s Nuclear Doctrine Group. Professor Chellaney is the author of six books, with the latest being Water: Asia’s New Battleground (Georgetown University Press, Washington, DC) which examines how the battle over increasingly scarce water resources is in danger of becoming the geopolitical trigger point in Asia. He is also the author of the international bestseller, Asian Juggernaut: The Rise of China, India and Japan (HarperCollins, New York). The book focuses on how a fast-rising Asia has become the defining fulcrum of global geopolitical change,

with Asian policies and challenges now shaping the international security and economic environments. Central to this analysis is an examination of the geopolitics of the China-India relationship. He writes opinion articles for the International Herald Tribune, Wall Street Journal, The Japan Times, The Times of India and The Economic Times Professor Chellaney holds a Ph.D. in International Arms Control. Professor Chellaney has held appointments at the Harvard University, the Brookings Institution, the Johns Hopkins University’s School of Advanced International Studies and the Australian National University.

8.20am

“The big challenge for stock pickers was the fact that macro-economic events were the big drivers

of stock prices…. Company fundamentals,including earnings growth, remained very solid, but were largely ignored because so much fear

was generated by the negative macro headlines.”Bloomberg BusinessWeek, January 11th 2012

‘We are all global macro managers now’ Discuss

Over the last three years investors have becomeincreasingly fixated on liquidity, credit and counterparty risk. Have managers and investors neglected geopolitical risk when assessing overall portfolio risk? Will the re-emergence of geopolitical risk factors lead to a reassessment re-pricing of emerging markets assets? Will the macro driven characteristics of the 2011 market – where the strengths and weaknesses of individual companies have less impact upon their share price than wider macro issues – continue into 2012? If so, what implications will this have for the returns of different types of hedge fund strategies in 2012? What are the implications and opportunities created by other macro developments such as the rise of the Asian consumer and growing BRIC demand for commodities?

Global ARC Monday 20th February 2012

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Credit

1.40pm KEYNOTE: Sovereign debt: just how insulated are Asian economies and Asian institutional investors from Europe’s on-going economic crisis?

In contrast to their European and North American counterparts the budgets of the majority of Asian countries are fairly healthy. Mindful of the humiliation of the 1997 Asian currency crisis many Asian countries have also accumulated significant currency reserves to cushion themselves against a repeat of 1997. Many feel that these financial protections combined with the increasing displacement of Asia-Western trade by intra-Asian trade will insulate the Asian economies from the worst of any further western downturns.

Professor Joseph Stiglitz 2001 Nobel Laureate for Economics, University Professor, Columbia University,Chief Economist, The World Bank, 1997-2000Chairman, President Clinton’s Council of Economic Advisers, 1995-1997 - USA

Joseph Stiglitz is probably the highest profile economist in the world. He has had an exceptionally high profile role both in academia and in real world policy making. He has received many academic awards for his work,

including the Nobel Prize for Economics in 2001 and the John Bates Clark Award in 1979 given biennially by the American Economic Association to the economist under 40 who has made the most significant contribution to the field. The author of numerous books, his newest book ‘Freefall: America, Free Markets, and the Sinking of the World Economy’ has been widely praised in the press and gone on to become an international bestseller. In 2008 he was asked by the French

11.15am Institutional investors from around the world reflect on the Global ARC / Preqin study

Our panel of leading institutional investors willdiscuss the Preqin findings and their implications. Are any of the findings surprising? Given the increasing importance of Asian investors to the World economy are any of these findings a causes for concern or for optimism? Are any of the differences permanent or are the views of Asian investors converging with those of institutional investors in the rest of the world?

12.00pm The future of funds of funds

Are funds of funds being forced to transition into a less directive, more consultative role in investors’ selection of hedge funds? Are hedge funds of funds the only safe route for the novice Asian hedge fund investors or do multi-strategy hedge funds offer similar advantages without the additional layer of fees?

12.30pmLunch

1.35pmOpening remarks by the chair

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The ASEAN Region’s Economic Future

9.05amKEYNOTE: A dialogue with the Rt. Hon. Lim Hng Kiang.

The Rt. Hon. Lim Hng Kiang M.P. Minister of Trade and Industry, Government of Singapore,Deputy Chairman, Monetary Authority of SingaporeBoard Director, GIC – Singapore

Lim Hng Kiang has served as Singapore’s Minister for Trade and Industry since 2004 and as a member ofCabinetsince1999.TheMinistryOfTrade and Industry is responsible for

directing the formulation of policies related to the development of trade and industry in Singapore. In addition to his ministerial position, Lim Hng Kiang is also the Deputy Chairman of the Monetary Authority of Singapore (MAS) and a Board Director of the Government of Singapore Investment Corporation (GIC,) which was established by Government of Singapore in to manage Singapore’s foreign reserves. Lim Hng Kiang was first elected to Parliament in 1991. Lim was appointed a Minister of State at the Ministry of National Development in 1991 and later became Minister of State at the Ministry of Foreign Affairs. In 1995, Lim became the Minister for National Development and Second Minister for Foreign Affairs. In 1998, he relinquished the role of Second Minister for Foreign Affairs and became the Second Minister for Finance. In 1999, Lim became the Minister for Health, he also retained the portfolio of Second Minister for Finance. In 2003, Limwasmade aMinister in thePrimeMinister’sOffice.

9.45amMorning Coffee

Reinforcing Asia’s Economic Growth

10.10am

“More and more hedge fund managers are determined to make their mark on Asia... If hedge funds succeed they could help spur Asian capital markets to grow bigger and more versatile. Few

parties have more if an interest than they in seeing Asian markets become more liquid and more

sophisticated, since trading is how they make their livelihood.”

The Economist, November 3rd 2011

Might a more vibrant Asian hedge fund industry reinforce Asian economic growth?

Oneofthebiggest impedimentstoAsia’son-goingdevelopment has been lack of access to deep and liquid capital markets. Without such access the growth of many small and mid-sized industrial and manufacturing companies in Asia is stymied. This panel will examine the ways in which the growth of a vibrant Asian hedge fund industry might assist in the growth of deeper and more liquid capital markets and in so doing further hasten economic growth in the region.

Hedge Funds in Asia: The Investor Perspective

10.55am The Global ARC / Preqin study of Asian institutional investors

Global ARC has commissioned Preqin to present a specially-commissioned research on Asian institutional investors’ asset allocation biases, risk and fee tolerances. How do these characteristics compare with those of European and North American institutional investors’ and what implications does this have for Asian investors openness to alternative investment products?


President Nicolas Sarkozy to chair the Commission on the Measurement of Economic Performance and Social Progress, which released its final report in September 2009. In 2009 he was appointed by the President of the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System, which also released its report in September 2009.From 1995 to 1997 Joseph Stiglitz served in the Clinton Administration as the chair of President Clinton’s Council of Economic Advisors, a position with cabinet rank, and then as Chief Economist of The World Bank from 1997 to 2000. He has also acted as an unofficial advisor to President Barack Obama,whohasbeenquotedintheNewYorkTimesstating “I have enormous respect for Joe Stiglitz, I read his work all the time” He holds a PhD in Economics from MIT.

2.20pm How will hedge fund investment strategies need to evolve in response to the changing stage of the credit cycle?

Which characteristics of the current credit market reflect real long term structural shifts in the market and which are merely cyclical in nature? How is this likely to impact upon the volatility and the return characteristics of credit investing? What types of hedge fund credit strategies will prosper if we really are entering a continued protracted low interest environment? How should this inform hedge fund strategies?

3.20pmAfternoon Coffee

3.50pm KEYNOTE: Is China going to be the next distressed credit market?

Carl Walter and Fraser Howie Co-authors of ‘Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise’– USA/Singapore

While China has ostensibly cornered the market in US currency, treasury and agency bonds and pushes full steam ahead in a seemingly unstoppable rise on the global stage, what undergirds its financial edifice is a fragile banking

system that threatens to undermine its sustainability and success. This forms the main vein of the timely new book, “Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise” by Carl E. Walter and Fraser J.T. Howie. Throwing light on China’s financial labyrinth, the book traces how the Chinese government reformed and modeled its financial system in the 30 years since it beganengaging with the west. Red Capitalism has been published to rave reviews:

“ Red Capitalism is a must-read for anyone who wants to understand the sources of Chinese economic power, and the threat posed by the nation’s vast hidden debts. ” China Economic Quarterly

“ Walter and Howie debunk a number of common myths about China’s financial markets in this excellent new book. The authors have done their homework, digging beneath the surface of China’s financial world to reveal uncomfortable truths about a financial system riddled with hidden landmines that threaten to undermine China’s hard fought economic success “ The Wall Street Journal

“ Red Capitalism provides a way into the world’s most important and least understood financial system. For insight into how China’s economy actually operates, begin here ! “ The Economist

The Future of Asia

4.30pm KEYNOTE: A dialogue with His Excellency Lee Kuan Yew.

Professor Joseph Stiglitz 2001 Nobel Laureate for Economics, University Professor, Columbia University,Chief Economist, The World Bank, 1997-2000Chairman, President Clinton’s Council of Economic Advisers, 1995-1997 - USAPlease refer to Monday 1.40pm session for Professor Stiglitz’s bio.

His Excellency Lee Kuan Yew Minister Mentor, 2004-2011, Senior Minister, 1990–2004, Prime Minister, 1959-1988Government of Singapore – Singapore

Lee Kuan Yew served as the first Prime Minister of the Republic of Singapore, governing for three decades from 1959 to 1988. By the time he chose to step down in 1988, to enable a stable leadership renewal, he had become

the world’s longest-serving Prime Minister. As the co-founder and first Secretary-General of the People’s Action Party (PAP), he led the party to eight victories from 1959 to 1990, and oversaw Singapore’s transformation from a relatively underdeveloped colonial outpost with no natural resources into a first world nation with one of the highest per capita incomes in the world and a public service internationally lauded for its efficiency and probity. Lee Kuan Yew was appointed Senior Minister by Singapore’s second prime minister, Goh Chok Tong, in 1990, before becoming Minister Mentor when Lee Hsien Loong, became the nation’s third prime minister in 2004. With his successive ministerial

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positions spanning over fifty years, Lee Kuan Yew is also one of history’s longest serving ministers. Lee Kuan Yew has remained one of the most influential political figures in South-East Asia and is renowned for his geostrategic vision, Dr. Henry Kissinger has recently stated that “I’ve not learned as much from anybody as I have from Mr Lee Kuan Yew;” whilst President Barack Obama has described Lee KuanYewas“OneofthelegendaryfiguresofAsiainthe20th and 21st centuries. He is somebody who helped to trigger the Asian economic miracle.” Lee Kuan Yew graduated

5.30pm Closing remarks by the chair

5.35pm Networking cocktails and canapés


7.25amOpening remarks by Chair

India

7.30am KEYNOTE: Are economic reforms finally going to allow India to realise its full economic potential?

India’s leaders have recently sought to open up the Indian domestic market to overseas capital flows. Yet their efforts to attract overseas investors have been hampered by India’s recent corruption scandals, rising inflation and growing budget deficits. Such headlines risk reinforcing in overseas investors minds the historic typecasting of India as a country of first class ‘software’ ( with its superb Indian Institute of Technologies university system, highly educated professional classes and powerfully entrepreneurial private business culture) perennially held back from reaching its full potential by its third rate ‘hardware (overburdened and inefficient road and Infrastructure and an overbearing, inefficient bureaucracy.) How informed are these opinions? How might India’s infrastructure and structural challenges best be addressed? Whatimplications does this carry for India’s long term economic growth and for its long term ability to attract increased amounts of overseas investment?What key indicators should investors watch out for that signal that meaningful ‘hardware’ reform is finally occurring in India?

Professor Ajay Shah Professor of Public Finance and Policy, National Institute of Public Finance and Policy – India

Ajay Shah is one of the most influential economists in India. The Indian Business Standard has listed him as one of the ‘Experts who wield enormous influence in their fields’ and

the Indian Express recently listed himamongst the Top 10 economists in its ranking of ‘The Most Powerful Indians in 2010.’ Since 2007 he has served as Professor at the prestigious NationalInstitute for Public Finance and Policy in New Delhi.The National Institute for Public Finance and Policyis an Indian agency linked to the government whichconducts research on public finance and contributesin the process of policy-making relating to public finance. Ajay Shah is co-head of the The National Institute for Public Finance and Policy-Departmentof Economic Affairs Research Programme, his research interests include policy issues on Indian economic growth, open economy macroeconomics, public finance, financial economics and pensions. In the past decade, he was extensively involved in the policy process in the reforms of the equity market and the New Pension System. He also serves as the research firm GlobalSource Partners’ local advisor in India. Before joining the National Institute for Public Finance and Policy he served as advisor to the Department of Economic Affairs. Ajay holds a Ph.D. in Economics from University of Southern California and a B.Tech from IIT.

8.00am KEYNOTE: Can India continue to prosper long term in the face of so many exogenous and indigenous political and economic threats to its stability?

Professor Brahma Chellaney - IndiaProfessor of Strategic Studies, Centre for Policy Research,Author of ‘Water: Asia’s New Battleground’ and ‘Asian Juggernaut: The Rise of China, India and Japan’PleaserefertoMonday7.30amsessionforProfessorChellaney’sbio.

Professor Ajay Shah Professor of Public Finance and Policy, National Institute of Public Finance and Policy – IndiaPleaserefertoTuesday7.30amsessionforProfessorShah’sbio.

Pension Gaps and Hedge Funds

8.30am

“ With shrinking families, little state support and inadequate retirement planning, many in Asia’s

urban middle classes are scared of being broke and alone in old age.”

BBC News, November 22nd 2011

How are sovereign wealth funds and pension funds positioning their asset allocation to deal with the shifting age demographics?

Only in the last couple of years havemany Asiancountries begun to waken to the financial challenges that their ageing populations will present in the coming years. How can Asian pension funds benefit from asset liability modelling and liability-driven investing? Are these techniques applicable to Asian pensions or do they require modifications?

9.15am What role can hedge funds play a role in better matching the assets and the liabilities of pension funds?

Many hedge fund products are less focussed upon boosting investors’ returns than upon reducing the volatility of investor returns. Typically this is achieved by seeking investments which display low correlation with traditional investment markets. What role can portable alpha strategies play in a liability driven investing context? How can different types of hedge funds be best used by pension fundsand government better plan for and match their projected liability streams?


Due Diligence

10.30am

“Asia-based hedge funds are charging the industry’s lowest management and performance

fees in a bid to attract institutional investors.”Asian Investor, November 1st 2011

What currently constitutes best practice hedge fund fee structures and contractual terms?

Are Asian investors more fee sensitive than their US and European counterparts and, if so, why? Do Asian investors have less respect for active management – opting instead to make direct bets on markets and companies themselves? How can hedge funds rework their remuneration structures to be more sensitive local sensibilities without undermining the very incentive structure that drives hedge fund outperformance in the first place?

11.15am What currently constitutes best practice hedge fund due diligence?

Are pensions and endowments currently allocating sufficient resources to the operational demands of hedge fund investing? What role can new operational and due diligence systems such as managed accounts and risk management systems play in helping investors assess hedge funds? How can institutional investors best judge the quality of a hedge fund’s internal risk management systems? Investors are being urged to focus more on qualitative factors when judging hedge fund managers; by their very nature qualitative judgements are more difficult to systemise and codify, something which is essential for process driven large institutional investors: how can investors square this circle?

12.00pmLunch

Global ARC Tuesday 21st February 2012

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The China-US Relationship

4.25pm

“Throughout history, the most important geopolitical relationship has been between the world’s great power, currently the US, and the

world’s greatest power, currently China…. For years, China tried to avoid waking up the American

‘sleeping tiger.’ Now the tiger is stirring. A new Great Game is beginning.”

The Financial Times, November 23rd 2011

KEYNOTE: China’s rise: a repeat of the ‘German tragedy’?

There are many interesting parallels between the rise of China in the early years of the 21st century and the rise of Germany one hundred years earlier. In both cases the previously hegemonic power – Great Britain in the 1900s’ and the United States in the 2000s’ – felt threatened by the rise of the new powers and as a result resisted rather than accommodated their growing influence. Niall Ferguson will examine the parallels between the rise of China and German and analyse whether the United States and China risk replaying the dysfunctional and ultimately tragic relationship between Germany and Great Britain. What lessons can the current political leaders of the US and China glean from the mistakes of their British and Germany predecessors?

Professor Niall Ferguson Laurence A. Tisch Professor, Harvard University,William Ziegler Professor, Harvard Business School, Senior Research Fellow, Jesus College, Oxford University – USA/UK

Streamed Sessions

Delegates will have the opportunity to select between four parallel streamed sessions - stream A or stream B, stream C or stream D - providing delegates with the opportunity to customise the event to better satisfy their particular interests. 1.05pm 1) Are the investment opportunities in the European distressed debt market now sufficiently compelling to justify the risks? 2) What are the prospects for the Japanese economy and for Japan based hedge fund strategies? 3) Meeting the hedge fund investing needs of family offices 4) How can we best achieve a regulatory balance that protects the interests of the investor and the wider economic system without unduly constraining the investment freedom of the hedge fund manager?

1.55pm 1) The key Asian geopolitical fault lines in Asia: where are they and what implications do they carry for the region’s future economic growth? Professors High White, Cheng Li and Brahma Chellaney will continue their Monday keynote discussion, providing investors with opportunity to explore these key issues in greater depth 2) An interactive hedge fund due diligence role play 3) What role can commodities investing play in an institutional investors’ portfolio? 4) Topic tba

2.45pmAfternoon Coffee

China

3.10pmKEYNOTE: China’s Macroeconomic outlook

Is the Chinese government succeeding in its objective of building a strong domestic market for its own goods and services? Have China’s economic and structural challenges been underplayed? If so, is Chinese growth overestimated? What are the implications for Asian institutional investors?

Professor Fan Gang Secretary General, China Reform FoundationDirector, National Economic Research Institute (NERI)Professor, Graduate School of Chinese Academy of Social Sciences (CASS) – China

Professor Fan Gang is one of China’s most influential economists and one of China’s leading reform advocate and has been repeatedly ranked in Foreign Policy magazines. “world’s top 100 public intellectuals. His remarks are

closely followed for clues about how Chinese leaders are thinking about the global economy. Based in Beijing, he is the Director of the National Economic Research Institute (NERI) and Chairman of the China Reform Foundation, China’s first economic think-tank. Trained at the Chinese Academy of Social Science (CASS) and Harvard University, he is also a professor at several top universities in China. Professor Fan Gang is a respected advisor to China’s leadership on economic reform and strategic development. He provides advice to various departments of the Chinese central government, provincial governments as well as Chinese and international organisations. Among the long list of advisory positions he holds, he sits on the Advisory Committee of the Ministry of Labor and

Social Security of China, the Advisory Committee of the Hong Kong Center for Monetary Policy and is a member of the Monetary Policy Committee of the People’s Bank of China, is an advisor to the State Foreign Exchange Administration of China. Professor Fan Gang is a consultant to the World Bank, UNDP, ESCAP and to the OECD. He haswritten over 100 academic papers published in Chinese and English journals and more than 200 articles in newspapers and magazines published around the world. He the author of eight books so far. He holds a PhD in Economics from Harvard University.

“China is poised to unveil measures to bolster the country’s nascent short-selling industry in an effort to deepen its capital markets… Beijing will create a new body called the Centralised Securities Lending

Exchange to facilitate short selling.. Beijing’s move will spur the development of a serious

hedge fund industry in China”The Financial Times, January 4th 2011

3.40pm Hedge Fund Investment opportunities in China

Will the opening of China’s new Centralised Securities Lending Exchange invigorate the Chinese hedge fund market? How can hedge funds deal with the uncertainties created by a lack of certainty regarding legal and property rights ?

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5.00pm KEYNOTE GREAT DEBATE: This House believes that, due to its historical and cultural traditions, China has no interest in supplanting the United States as the world’s leading military power.

In favour of the motion

Professor Pan Wei Director, Center for Chinese and Global Affairs,Professor of International Studies, Peking University - China

Peking University’s Professor Pan Wei is one of the most influential and original political thinkers within China. He first came to international prominence in 2003 with his paper‘Consultative Rule of Law’ that laid

out a road map for China to retain one-party rule in the indefinite future, arguing for a political path that would focus on establishing the rule of law and honest government, without democratic reform. As Chinese thinkers have grown more confident interest has grown in the search for a ‘China model’ of political and economic development interests better suited to the particular needs of China, and with this interest in the ideas of Professor Pan have also grown. Professor Pan is Director, of Peking University’s Center for Chinese and Global Affairs and a professor of political science at the School of International Studies, Peking University. Peking University (also known as ‘Beida’) is the foremost university in China and regularly features in the top 50 universities in the World. The School of International Studies (SIS) of Peking University, is the first such school set up in Chinese universities. It is an important teaching and research platform devoted to the training of specialized talents in international studies, international political economy and diplomacy. Professor Pan has also taught at the University of California, Berkeley and the Graduate School of International Studies at Denver University. He is the author of several books and numerous

Named by TIME Magazine as one of the ‘100 Most Influential People in the World,’ Niall Ferguson is one of the world’s leading historians of the global economy. His book, ‘The Ascent of Money: A Financial History of the

World’, is an international bestseller and the basis for a multipart television documentary which aired on PBS in the U.S. and the BBC in the UK. His most recent book ‘Civilisation: The West and the Rest’, is currently being made into a TV documentary series by Channel 4. Published in 2011, Civilization: The West and the Rest examines what Ferguson calls the most “interesting question” of our day: “Why, beginning around 1500, did a few small polities on the western end of the Eurasian landmass come to dominate the rest of the world?” The historical themes explored by Niall Ferguson have urgent relevance to the present as well as the past: the costs and benefits of economic globalization; the interface between finance and politics; the strengths and limitation of American global power; the shifting of economic power from the west to east; and most recently the parallels between the Great Depression of the 1930s and our currentGlobal crisis. Niall’s work regularly appears in the New York Times, the Wall Street Journal, and in The Financial Times, where he also serves as a contributing editor. As well as teaching at Harvard University and Harvard Business School, he also serves as an advisor to GLG Partners, a Senior Fellow at the Hoover Institution, Stanford and Senior Research Fellow at Jesus College, University of Oxford. Niall holds a PhD in HistoryfromUniversityofOxford.

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academic articles on Chinese political and social development and international comparative politics. Pan Wei holds a Ph.D. in Political Science from University of California, Berkeley.

In opposition to the motion

Professor Niall Ferguson Laurence A. Tisch Professor, Harvard University,William Ziegler Professor, Harvard Business School, Senior Research Fellow, Jesus College, Oxford University – USA/UKPlease refer to Tuesday 4.20pm session for Professor Ferguson’s bio.

5.45pmClose of day two


Global ARC Wednesday 22nd February 20127.30amOpening remarks by Chair

Inflation or Deflation?

“Ask most investors what they worry about, and they’ll tell you it’s inflation. But a growing number of economists and money managers

are starting to worry about the opposite of inflation: deflation, a period of falling

prices and declining incomes.”USA Today, January 9th 2012

7.35am Which is the graver immediate threat to global growth: inflation or deflation? How should investors be positioning themselves in response to this?

In late 2010 the world was pre-occupied with the fear of deflation. Over the last couple of monthssentiment has reversed with mounting concerns over inflation. Our panelists will discuss which ofthese perspectives they think is the more valid and what implications this will carry for equity markets and bond markets.

Risk Management

8.20amHow can investors’ best appraise the quality of a hedge fund/hedge fund of funds risk management systems?

How much of the leg work involved in appraising hedge fund managers’ internal risk management systems should investors carry out themselves and how much should they outsource to consultants? If investors do outsource to consultants, do their generalist pension consultant have the depth of expertise to meaningfully appraise these systems or should investors rely instead upon specialist consultants?

“ Every year has elements of unpredictability, but what’s in play in 2012 goes far beyond

the usual risk of policy slippages, unexpected election outcomes and geopolitical hotspots. This is also about the global economy losing

important anchors…..thus investors must mitigate risk not only by diversifying but also by using

active tail hedging aimed at protecting against the bad extremes of possible outcomes.”

The Wall Street Journal, January 9th 2012

9.05am Can hedge fund investments help protectinstitutional investors against fat tail risk?

Fat tail risks are seen traditionally as risk events that occur relatively infrequently but that when they do occur can have potentially catastrophic effects upon portfolios The volatility of the last five years has forced investors to dramatically increase upwards the probability of fat tail risk impacting upon investor portfolios and with this the amount of time and resources that they deploy to protect against it. From where are 2012’s macro fat tail risk shocks most likely to originate and how should the smarter hedge funds and institutional investors be protecting themselves against such eventualities? How can investors’ best utilise hedge funds to protect themselves against the investment repercussions of these violent shifts? Which types of hedge fund strategies are most resistant to and which most vulnerable to, high volatility investment environments?


Institutional Investors and Economic Development

10.20am

“Muhammad Yunus, won the Nobel Peace Prize in 2006 and is probably the third world’s

most celebrated economist.”Time, January 6th 2012

KEYNOTE: A keynote dialogue with Nobel Laureate Professor Muhammad Yunus.

Professor Muhammad Yunus 2006NobelLaureateforPeaceAuthor of ‘Banker to the Poor - Bangladesh

Muhammad Yunus is a Bangladeshi economist and founder of the Grameen Bank, an institution that provides microcredit to help its clients establish creditworthiness and financial self-sufficiency.In2006Yunusreceivedthe

Nobel Peace Prize for his work. Yunus was chosen by Wharton School of Business for PBS documentary, as one of ‘The 25 Most Influential Business Persons of the Past 25 Years’. Time magazine listed him under“60yearsofAsianHeroes”asoneofthetop12business leaders. Yunus was voted 2nd in Prospect Magazine’s 2008 global poll of the world’s top 100 intellectuals and was ranked amongst the 100 of the world’s most influential people in the December 2009 Foreign Policy magazine’s FP 100 ranking. He is a member of advisory board at Shahjalal University of Science and Technology. Previously, he was a Professor of Economics at Chittagong University where he developed the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. He is the author of ‘Banker to the Poor’ and two books on Social Business Models, and a founding board member of Grameen America and Grameen Foundation. He is one of the founding members of Global Elders, whose members have included Nelson Mandela, Jimmy Carter and Kofi Annan.YunuswonaFulbrightscholarship in1965to study in the United States and completed a PhD in Economics from Vanderbilt University in 1971.

10.55amIs it possible for institutional investors to create strategic asset allocations that not only deliver strong returns to their members but also assist in the alleviation of poverty?

Conclusion

11.40amPanel: Reflecting on and summarising the key take outs from the congress sessions.

Our panellists will discuss what they feel are thekey recurring themes that have emerged from this year’s Boston event, and what these themes indicate about the current state of the Global Investment landscape and how it is likely to evolve over the next two to five years.

12.25pmClose of day three general sessions

Closed Door Investor-Only Session

12.30pm Closed door investor lunch

1.30pm Commencement of investor only sessions

3.30pm Close of investor only sessions

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This Global ARC brochure was updated January 10th 2012. Please visit www.global-arc.net for the latest version of the brochure.22

Global ARC Singapore’s Lead Sponsors

Founded in 2000, GoldenTree is one of the largest independent asset managers specialized in corporate credit. Based in New York with offices in London, Luxembourg and Seoul, GoldenTree manages USD 15 billion in assets across a variety of absolute return, long only and opportunistic strategies. With over one hundred and eighty employees including more than forty investment professionals, GoldenTree’s investment philosophy is based on the belief that competitive risk adjusted returns can be achieved by actively investing across a company’s capital structure with high margins of safety and identification of catalysts to drive returns. GoldenTree’s foundation for consistent performance is attributed to the quality of the investment team, disciplined process, risk management capabilities and sound business practices. GoldenTree’s extensive infrastructure provides robust operational support to its investment funds and customized client solutions. GoldenTree is recognized for the firm’s ability to execute day-to-day operational control to meet the requirements of an evolving regulatory environment. GoldenTree is registered with both the SEC and FSA and is 100% employee owned by the firm’s twenty three partners.

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Diversified Global Asset Management (DGAM) is an institutional fund-of-hedge fund manager based in Toronto and New York. It was founded in 2004, and now comprises 30 professionals and USD 5.5 billion of assets under management. Our investment professionals have a long-standing reputation for originating hedge fund strategies that are virtually uncorrelated with equity and fixed income markets, and also exhibit statistical independence from benchmarks of traditional hedge fund strategies. DGAM is skilled at identifying and accessing the best hedge fund managers globally and building diversified value-added portfolio strategies to meet client objectives. Our Diversified strategy is market neutral, with low volatility, and hedged to crisis risk. Our Unique strategy is focused on new, emerging and non-traditional hedge fund strategies. Our Custom strategies are tailored to individual client needs and may include premier non-traditional hedge funds, co-investment opportunities, tactical trading opportunities and portfolio hedges. We focus on building strong partnerships with our clients and work collaboratively with them to meet their strategic investment goals.


GAAI is an international association composed exclusively of plan sponsors, who share an interest in investments in alternative investment strategies. GAAI seeks to serve as an intellectual think tank where sharing experiences and ideas can improve the philosophy and investment processes of its members. If you have any questions regarding the GAAI please contact Tim Nguyen via the association’s website at www.altinvestor.org

CAIA® is an independent, not-for-profit global organization committed to education and professionalism in the field of alternative investments. Founded in 2002, the Association is the sponsoring body for the CAIASM designation. Recognized globally, the designation certifies one’s mastery of the concepts, tools and practices essential for understanding alternative investments and promotes adherence to high standards of professional conduct. Please refer to CAIA’s website at www.caia.org

®

Education Partner

AIMA, is the hedge fund industry’s global, not-for-profit trade association with over 1,100corporate members worldwide. Members include leading hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting services and fund administrators. They all benefit from AIMA’s active influence in policy development, its leadership in industry initiatives, including education and sound practice manuals and its excellent reputation with regulators. For further information please refer to AIMA’s website at www.aima.org

Industry Partner

Investor Partner

Global ARC Singapore’s Sponsors and Partners

Delegate Details

Given Name Surname Position Organisation Tel Fax Email Postal Address City Post Code Country


Please Register Me For

Please TICK the relevant registration figure and fax to +1 647 723 7460:

Registration Form: Global ARC Singapore 201220th, 21st, and 22nd February 2012 • The Ritz Carlton Millennia Hotel, SingaporeFax: +1 647 723 7460 • Email: [email protected]

Global ARC Registration LimitIn order to ensure maximum delegate diversity at the event, each non-sponsor hedge fund is limited to a maximum of 2 delegates per company. No additional staff will be allowed to attend the event beyond this number.

Global ARC Singapore VenueDelegates staying at the The Ritz Carlton Millennia Hotel are entitled to a special rate of SGD 375 plus tax, subject to availability, provided you book no later than Monday 23rd January 2012. Any rooms booked after this date will be at the hotel’s prevailing rate. The Ritz Carlton Millennia Hotel, 7 Raffles Avenue, Singapore 039799 Switchboard: (+65) 6 337 8888

Global ARC Mailing AddressAttn: David Stewart, Global Absolute Return Congress, 101-1001 West Broadway, Box 339, Vancouver, British Columbia V6H 4E4, Canada. Tel: +1 778 938 8202 Email: [email protected]

Method of Payment

Visa Mastercard Cheque Please Make USD cheques payable to: This Ain’t Your Average Conference Company.Please tick the relevant payment box. Please note, we do not accept payment by American Express or Diners Name of cardholder Expirary Date (M) (Y) Card number

Signature of cardholder

Established in 2002, the Global Absolute Return Congress (‘Global ARC’) brings together the world’s largest sovereign wealth funds, central banks, pension funds and endowments and the world’s foremost hedge funds to discuss best practice alternative investing strategies. To date our events have been held in Boston, San Francisco and London. Forthcoming events in 2012 include: Global ARC Singapore February 2012,

Global ARC London, May 2012 and Global ARC Boston, October 2012. Global ARC is wholly owned by its founder, David Stewart. If you have any program or sponsorship enquiries regarding Global ARC please contact David Stewart at [email protected] and +1 (778) 938 8202 or Christopher Holt at [email protected] and +1 (416) 419-1630 or Samantha Allwork at [email protected] or visit www.global-arc.net

Global ARC Contacts

GAAI ContactGAAI is an international association composed exclusively of plan sponsors, who share an interest in alternative investments. GAAI serves as an intellectual think tank enabling its members to improve their investment processes. Tim Nguyen is the Co-Founder of GAAI and serves as a senior investment professional at U.Conn Foundation. He is currently Adjunct Professor at U.Conn’s School of Business, lectures at Brown University and Harvard Medical School and is an Executive Director at Harvard’s IEA. GAAI’s website: www.altinvestor.org

*Global ARC retains the right to determine whether a delegate qualifies for the subsidized rate. Please email David Stewart at [email protected] to see if you qualify.

Global ARC reserves the right to alter this program without notice and to refuse registrations from any organisation or individual deemed by Global ARC to be incompatible with the event. Global ARC is closed to all media and press.

GLOBAL ARC CANCELLATION POLICY: Should you be unable to attend, a substitute delegate from your company is welcome to replace you at no extra cost, on condition that details of the substitute delegate are provided in writing at least 72 hours in advance of the event. Alternatively, a full refund minus a 20% cancellation fee is available provided written notification is received by Global ARC no less than four weeks before the event.

IMPORTANT: cancellations received after 5pm EST Monday 23rd January 2012 will not be entitled to a refund nor to a credit note for future events. In registering, delegates acknowledge and accept that no exceptions will be made to this four week cancellation rule on any grounds, including, but not limited to: delegates inability to attend due to acts of terrorism, industrial disputes, personal or family emergencies, disruptions caused by weather, natural calamities or other acts of god.

In the unlikely event of Global ARC being cancelled for any reason, neither Global ARC nor its associated companies or its employees accept responsibility for travel and/or accommodation cost or consequential losses incurred by prospective delegates as a result of any such cancellation. Global ARC therefore recommends that prospective delegates arrange appropriate insurance cover.

USD 10,995 USD 11,995 USD 12,995

USD 9,896 USD 10,796 USD 11,696

USD 9,896 USD 10,796 USD11,696

USD 695 USD 795 USD 895

USD registration per delegate for three days (general sessions only)

Register and pay before January 10th 2012

Register and pay before February 10th 2012

Register and pay after February 10th 2012

Standard Registration

AIMA Members

CAIA Members

Full time employees of not-for-profit pensions, sovereign wealth funds, endowments and central banks *

global arc singapore 2012

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