 |
Best Practices & Valuation Strategies
for Hedge Funds & Private Equity Firms
NEW YORK
Tuesday,
May 13, 2008
New York Athletic Club
8:30 a.m. – 1:00 p.m. EDT |
LONDON
Wednesday,
28 May 2008
The Royal Automobile Club
08:30 – 13:00 GMT |
REGISTRATION FORM |
This unique seminar will feature an in-depth discussion of the current global environment for hedge funds and private equity firms. Fund managers, administrators and executives will benefit by learning the specific governance and valuation strategies employed by market leaders and their advisors. The program will also explore the pre-eminent concerns of regulators, auditors and investors for firms to consider.
|
|
AGENDA*
| 8:30 |
|
Registration and continental breakfast |
9:00 |
|
Opening Remarks and State of the Market
- Current Market Conditions
- Market Outlook
Current market turmoil has created market dislocation and increased scrutiny by regulators, auditors, and fund participants.
|
| 9:30 |
|
Valuation Practices in the Hedge Fund & Private Equity Industry
- Valuation Policy
- Disclosure of Valuation Methodology
- Independent Valuations vs. In-House Valuations
- Valuation of Illiquid Assets
- Fair Value Accounting Considerations
Certain valuation practices have been widely adopted by hedge fund and private equity firms. The use of third party administrators and independent valuation advisors goes hand-in-hand with good fund governance.
|
| 10:15 |
|
Structured Products
- Structured Investment Vehicles
- Mortgage-Backed Securities
- Collateralized Debt Obligation
- Collateralized Loan Obligation
The turmoil in the mortgage backed structured products has spread to other asset classes. Is there another “shoe to drop”?
|
| 10:45 |
|
Break |
11:00 |
|
Recent Legal/Regulatory Developments
- SEC (US) Registration/Enforcement Authority
- FSA (UK) Regulation
- Self-Imposed Standards
Central banks and regulators have had to intervene in the financial markets around the world. Can financial reform and increased regulation be far behind?
|
11:45 |
|
Risk Management
- Investing in Complex and Illiquid Assets
- Risk Management Practices
- Risk Governance
- Best Management Practices
Are the risk management practices, policies and procedures keeping pace with the complexities? Are funds exposed to risks they do not fully understand? How are the risks being communicated to investors?
|
12:30 |
|
Management Company Valuation
- Recent IPOs
- Minority Interest Holders
- Key Issues in Valuing Management Companies
Management companies are looking to unlock their enterprise value. How should these entities be valued and what are the strategic components to creating enterprise value?
|
| 13:00 |
|
Lunch |
| |
|
|
Dress Code
Royal Automobile Club
Gentlemen are required to wear tailored business suits, or tailored jackets and trousers, together with a collared shirt and tie at all times. Cravats are not permitted. Ladies are expected to dress with commensurate formality.
New York Athletic Club
Gentlemen are required to wear a jacket at all times, together with slacks, collared shirt or turtleneck. A tie is optional. Permitted attire for women is a business suit (skirt or slacks with jacket), relaxed casual (skirt or slacks with blouse, sweater set or turtleneck).
For more information, contact:
LONDON
Sonia Stevenson - +44.20.7747.2729 or SStevenson@HL.com
NEW YORK
Amanda Caterina - 212.497.7938 or ACaterina@HL.com
* Topics and times are subject to change.
|
|
|
www.HL.com | U.S. 800.788.5300 EUROPE +44.20.7839.3355 HONG KONG +852.3551.2300 JAPAN +81.3.4577.6000
Houlihan Lokey is a trade name for Houlihan, Lokey, Howard & Zukin, Inc. and its subsidiaries and affiliates which include: Houlihan Lokey Howard & Zukin Financial Advisors, Inc., a California corporation, a registered investment advisor, which provides investment advisory, fairness opinion, solvency opinion, valuation opinion, restructuring advisory and portfolio management services; Houlihan Lokey Howard & Zukin Capital, Inc., a California corporation, a registered broker-dealer and SIPC member firm, which provides investment banking, private placement, merger, acquisition and divestiture services; and Houlihan Lokey Howard & Zukin (Europe) Limited, a company incorporated in England which is authorized and regulated by the U.K. Financial Services Authority and licensed in Hong Kong by the Securities and Futures Commission, which provides investment banking, restructuring advisory, merger, acquisition and divestiture services, valuation opinion and private placement services and may direct this communication within the European Economic Area and Hong Kong to intended recipients including professional investors, high net worth companies or other institutional investors. |
|
|