centre de conférences kirchberg, luxembourgnovember 24th & 25th, 2010www.alfi.lu

hedge funds

private equity

no plain vanilla

real estate funds

european alternative investment funds conference

ALFI

The Association of the Luxembourg Fund Industry (ALFI), the representative body of the Luxembourg investment fund community, has been operating in the interest of its members since 1989.

Created in 1988, the Association today represents hundreds of Luxembourg domiciled investment funds and a wide range of service providers including custodian banks, fund administrators and managers, transfer agents, distributors, legal firms, consultants, tax experts, auditors and accountants, specialist IT providers and communication companies. Associate members from abroad use the Association as a privileged contact platform to the Luxembourg fund industry. In 2004, the membership was further extended to include asset management companies, thus completing the circle of professional firms represented in the asset management industry.

ALFI’s mission statement is to lead industry efforts to make Luxembourg the most attractive international center for investment funds.

Its main objectives are to:

Assist members in capitalising on industry trends ALFI’s numerous Technical Committees and Working Groups continually analyse global industry developments as well as legal and regulatory changes in Luxembourg, the EU and beyond and the threats and opportunities these may constitute for the Luxembourg fund sector.

Shape regulationA modern and innovative legal and fiscal environment is of key importance to defend and improve the competitive position of

Luxembourg as a centre for the domiciliation, administration and distribution of investment funds. Its close contacts with the regulatory authority, the government and the legislative body provide ALFI with the opportunity to influence regulation by bringing valuable input when there is need to adapt the regulatory framework, adopt a new European Directive or create a specific regulatory framework for new products or services.

Encourage professionalism, integrityand qualityInvestor trust is key to developing the collective investment business successfully. ALFI therefore strives to encourage professional behaviour, quality products and services and the integrity of all players involved by offering training courses designed for both novices and experts, developing codes of conduct, transparency and good corporate governance and by supporting efforts to fight money laundering.

Promote the Luxembourg investment fund industry ALFI actively promotes the Luxembourg investment fund centre, its products and services by representing the fund sector in economic missions organised by the Luxembourg government around the world, actively participating in the principal meetings of the global fund industry and developing strong relationships with the national and international media.

ALFI is a member of EFAMA, the European Fund and Asset Management Association and IIFA, the International Investment Funds Association.

For further information on ALFI, pleasevisit our website www.alfi.lu

programme day 1

08.00 – 08.45 Registration & breakfast

08.45 – 08.55 Welcome & introduction

Claude Kremer, Chairman, ALFI, Luxembourg

08.55 – 09.05 Chairperson’s introduction

Charles Muller, Deputy Director General, ALFI, Luxembourg

09.05 – 09.25 The AIFM Directive: Where do we stand?

Ugo Bassi, Head of Unit Asset Management, Internal Market & DG, European Commission, Brussels

09.25 - 10.40 Regulators on regulation

Moderator: Jacques Elvinger, Partner, Elvinger Hoss & Prussen, LuxembourgPanelists: - Ugo Bassi, Head of Unit, European Commission, DG Internal Market

and Services, Asset Management, Brussels- Patrice Bergé-Vincent, Head of Asset Management Department,

Division of Regulation Policy and International Affairs, Autorité des Marchés Financiers (AMF), Paris

- Jean-Marc Goy, Counsel for International Affairs, Commission de Surveillance du Secteur Financier, Luxembourg

- Thomas Neuman, Head of CIS-Supervision, BaFin - Federal Financial Supervisory Authority, Frankfurt

- Dan Waters, Director Conduct Risk and Asset Management Sector Leader, Financial Service Authority – FSA, London

10.40 – 11.10 Refreshment break and visit of the exhibition area

11.10 – 12.00 The future of alternative investments in Europe

Moderator: Claude Niedner, Partner, Arendt & Medernach, LuxembourgPanelists: - Joanna Cound, Managing Director, Head of Government Affairs,

Europe, BlackRock- Felix Haldner, Partner, Head Investment Structures, Partners

Group AG, Baar-Zug- Markus Miederhoff, General Counsel Europe, Allianz Global

Investors Europe GmbH, Munich- Marc Romano, CEO, Schroder NewFinance Capital, London

12.00 – 12.05 Chairperson’s wrap up and information on afternoon sessions

12.05 – 13.30 Seated lunch sponsored by Ernst & Young

13.30 – 13.40 Chairperson’s introduction

Keith Burman, Senior Vice President, Brown Brothers Harriman, Luxembourg, Chairperson, ALFI Real Estate Sub-Committee

13.40 – 14.00 Up-date on REIFS in Europe: trends and tendencies

Dr. Matthias Thomas, CEO, INREV, Amsterdam

14.00 – 14.40 Practical look at the impact of the AIFM Directive on property funds

Moderator: Joëlle Hauser, Partner, Clifford Chance, LuxembourgPanelists: - Charles I. M. Graham, Principal, Europa Capital LLP, London

- Jost-Albrecht Nies, Managing Director, Corpus Sireo Investment Management, Luxembourg

- Jeremy Soutter, Global Head of Products, Aviva Investors, London

14.40 – 15.00 Announcing the 2010 edition of ALFI’s annual Real Estate Investment Funds Survey

Keith Burman, Senior Vice President, Brown Brothers Harriman, Luxembourg, Chairperson, ALFI Real Estate Sub-Committee

15.00 – 15.30 Refreshment break and visit of the exhibition area

15.30 – 15.55 Current economic situation and trends in real estate markets

Russell Chaplin, Chief Investment Officer – Property, Aberdeen Asset Management, London

15.55 – 16.35 Operating models for tomorrow

Moderator: Benjamin Lam, Partner, Head of Real Estate, Deloitte, LuxembourgPanelists: - Daniel Laurencin, Director, Head of Luxembourg, CB Richard Ellis

Investors, Luxembourg - Mojca Gajsek, Transaction Support, Allianz Real Estate GmbH, Munich - Kenneth MacRae, Managing Director, Hines Luxembourg,

Luxembourg

16.35 – 17.00 Urban regeneration: sharing the spoils to fund infrastructure investment

Amaury Evrard, Partner, PricewaterhouseCoopers, LuxembourgBrian Field, Urban Planning and Development Adviser, European Investment Bank Luxembourg

17.00 – 17.05 Chairperson’s closing remarks

17.05 – 18.30 Wine tasting sponsored by Brown Brothers Harriman

programme day 1 REAL ESTATE Workshop

programme day 1 PRIVATE EQUITY Workshop 13.30 – 13.40 Co-Chairperson’s introduction

Alain Kinsch, Country Managing Partner Luxembourg, EMEIA Private Equity Funds leader, Ernst & Young S.A., Luxembourg, Co-Chairman, ALFI Private Equity Committee

13.40 – 14.15 Challenges for the Private Equity Industry

Hans-Jürgen Schmitz, President, Luxembourg Private Equity & Venture Capital Association, Managing Partner, Mangrove Capital Partners, Luxembourg

14.15 – 15.00 The Luxembourg limited partnership – operational aspects

Moderator: Gilles Dusemon, Partner, Arendt & Medernach, Luxembourg, Co-Chairman. ALFI Private Equity Committee

Panelists: - Valérie Tixier, Partner, Private Equity Funds Leader, PricewaterhouseCoopers, Luxembourg

- Brian McMahon, Managing Director, State Street Services (Luxembourg) S.A., Luxembourg

- Patrick Mischo, Partner, Allen & Overy, Luxembourg - Laurent Schummer, Partner, Linklaters LLP, Luxembourg

15.00 – 15.30 Refreshment break and visit of the exhibition area

15.30 – 16.05 Clean Tech Private Equity – opportunities and risks

Roland Pfeuti, Head Private Equity Team Switzerland, SAM Private Equity A.G., Zurich

16.05 – 16.55 Operational impact of the AIFM Directive for Private Equity Houses and their service providers

Moderator: Alain Kinsch, Country Managing Partner Luxembourg, EMEIA Private Equity Funds leader, Ernst & Young S.A., Luxembourg and Co-Chairman, ALFI Private Equity Committee

Panelists: - David Bailey, Director, Augentius (Luxembourg) S.A., Luxembourg- Christoph Lanz, Vice President, Banque Privée Edmond de

Rothschild Europe, Luxembourg- Simon Witney, Partner, SJ Berwin LLP, London

16.55 – 17.00 Co-Chairperson’s closing remarks

Gilles Dusemon, Partner, Arendt & Medernach, Luxembourg. Co-Chairman, ALFI Private Equity Committee

17.05 – 18.30 Wine tasting sponsored by Brown Brothers Harriman

programme day 1 HEDGE FUNDS Workshop13.30 – 13.40 Chairperson’s introduction

Henrik de Koning, Founding Director, KdK Asset Management Ltd., London

13.40 – 14.15 AIFMD: State of Play

Andrew Baker, CEO, Alternative Investment Management Association (AIMA), London

14.15 – 15.00 Recent developments of Hedge Fund regulation from a global point of view

Moderator: Sohail Jaffer, AIMA Regional Advisory Council Member (EMEA), LondonPanelists: - Jennifer Wood, Partner, Dechert LLP, London

- Etain de Valera, Partner, Dillon Eustace, Dublin - Christopher Hilditch, Partner, Schulte Roth & Zabel International LLP,

London- Johan Terblanche, Solicitor, Loyens & Loeff, Luxembourg

15.00 – 15.30 Refreshment break and visit of the exhibition area

15.30 – 15.55 Meeting investor needs in the next business cycle

Stephen Ross, General Counsel, Man Group plc, London

15.55 – 16.35 How to choose between Hedge Funds and Newcits?Focus on distribution aspects and investor perspectives

Moderator: Johnny Yip, Partner, Head of Investment Funds, Deloitte, LuxembourgPanelists: - Gina Slotosch, Head of Global Product Management, Transfer

Agency Services, HSBC Securities Services, London- Stéphane Brunet, Executive Director, BNP Paribas Investment

Partners Luxembourg S.A., Luxembourg- Henrik de Koning, Founding Director, KdK Asset Management Ltd.,

London- Pascal Woerlen, CFA, Alternative Product Specialist, Pictet Asset

Management, Geneva

16.35 – 17.05 Interview with Asset Managers

Interviewer: Sophia Grene, Journalist, Financial Times, London Rebecca Ledlie, Head of Product, Gartmore Investment Management Limited, London Laurent Guillet, Deputy CEO, Amundi Alternative Investments , Paris

17.05 – 17.10 Chairperson’s closing remarks

17.10 – 18.30 Wine tasting sponsored by Brown Brothers Harriman

Endorsed by :

programme day 2

08.00 – 08.45 Registration & breakfast

08.45 – 08.55 Chairperson’s introduction

Maria Leander, Head of Legal, European Investment Fund, Luxembourg

08.55 – 09.25 A view on sustainable investing for the next generation

Christian Hinze, Head of Swiss Re Private Equity Partners AG, Zurich

09.25 – 10.05 Asset allocation after the crisis

Moderator: Yves Wagner, Partner, The Directors’ Office, Luxembourg Panelists: - Ian Headon, Senior Vice President Product Management Hedge

Funds, Northern Trust, EMEA, London- Frank Rackensperger, Deputy Director, Real Estate Division,

Feri Family Trust GmbH, Bad Homburg- Patrick J. Rudden, Head - Blend Strategies, AllianceBernstein

Limited, London- Dr Christoph Schumacher, Managing Director, Generali Immobiliare

Asset Management S.à r.l., Luxembourg

10.05 – 10.45 Growth and transformation of the alternative investments industry - a global perspective

Moderator: Tom Brown, Partner, KPMG LLP (UK) and Head of Investment Management, EMEA

Panelists: - Mark Porter, Head Fund Services Luxembourg S.A. and COO Fund Services, UBS

- Stephen Ross, General Counsel, Man Group plc, London

10.45 – 11.15 Refreshment break and visit of the exhibition area

11.15 – 11.55 AIFMD Directive and the Depositary Bank

Moderator: Geoffrey Cook, Managing Director, Brown Brothers Harriman (Luxembourg) S.C.A., Luxembourg

Panelists: - Hermann Beythan, Partner, Linklaters LLP, Luxembourg- Andrew Gelb, Managing Director, EMEA Head of Securities and

Funds Services Global Transaction Services, Citi- Frederic Perard, Head of GFS Products, BNP Paribas Securities

Services, Paris- Martyn Ryan, Partner, Genesis Investment Management LLP, London

11.55 – 12.00 Chairperson’s wrap up

12.00 – 13.30 Seated lunch sponsored by Loyens & Loeff

programme day 2

13.30 – 13.35 Chairperson’s introduction

Maria Leander, Head of Legal, European Investment Fund, Luxembourg

13.35- 14.15 Prime Brokerage: a new environment; new solutions

Moderator: Alain Guérard, Executive Director, J.P. Morgan Bank (Luxembourg) S.A., Luxembourg

Panelists: - Phillip Chapple, Executive Director, KB Associates, London- Martin Donnelly, Vice President, Prime Services, Prime Consulting,

Crédit Suisse, London- Chris Farkas, Director, Head of European Hedge Fund Consulting,

Deutsche Bank Global Prime Finance, London

14.15 -14.35 Refreshment break and visit of the exhibition area

14.35 – 15.05 Hedge Fund UCITS, and sharks in a fishbowl

Jag Alexeyev, Head of Global Research, Strategic Insight, New YorkDaniel Enskat, Head of Global Consulting, Strategic Insight, New York

15.05 – 15.50 Re-domiciliation of investment funds, much discussed and debated – what is myth and reality?

Moderator: Michael Ferguson, Partner, Ernst & Young, LuxembourgPanelists: - Georges Bock, Partner, Head of Tax, Head of Banking, KPMG,

Luxembourg- Luc de Vet, Managing Director, Citco Fund Services (Luxembourg) S.A.,

Luxembourg- Adrian Harris, Head of Distribution and Investor Relations,

Renaissance Asset Managers, London- Jérôme Wigny, Partner, Elvinger Hoss & Prussen, Luxembourg

15.50 – 15.55 Chairperson’s closing remarks

15.55 – 16.40 Farewell drink

Centre de Conférences Kirchberg4, Place de l’Europe, L-1499 Kirchberg, Luxembourg. www.luxcongress.lu

Please use the “Place de l’Europe” car park. Taxis and private cars are only allowed to stop for drop off. There are no parking spaces in front of the venue. For a detailed access plan including parking facilities, please refer to the website: www.alfi.lu

Registration is managed by Parthen R&S. For any requests concerning your registration, please contact: Parthen R&S - Registration officeP.O. Box 25, NL-1180 AA Amstelveen, The NetherlandsPhone: +31 20 5727301, Fax: +31 20 5727311e-mail: registration@parthen.nl

Please refer to the registration form. Conference fees include full access to the booked conference sessions, the exhibition area and lunch for one delegate as well as one conference documentation package. Fees do not include travel or hotel accommodation. Internet discount and special group fees: A €10 discount is granted for online registrations: www.alfi.lu (conference section). For group reservations and special group fees, please contact Parthen R&S.

Partner hotels of the conference:

For special accommodation rates at the partner hotels, please refer to the website www.alfi.lu (conference section). For other hotels or tourist information you may visit www.lcto.lu .

Please contact events@alfi.lu or visit the website www.alfi.lu.

conference information

Venue:

Parking:

Registrations:

Conference fees:

Hotels:

Exhibition:

registration conditions

Your registration is valid for one delegate only.

An email confirmation will be sent upon receipt of registration. The invoice and conference information will be sent by email. Conference fees must be paid prior to the event. Full pre-payment or a credit card guarantee is required. Please refer to payment options.

Is only applicable if your payment is made by 8 October 2010. After this date, the normal fee applies.

Registrations received by Friday, 12 November 2010 will be listed on the printed delegates list given to all attendees.

Please send a written notice to the registration office ‘Parthen’ (details on previous page) by Friday, 12 November 2010 in order to have the correct name appear on the printed delegates list.

The conference registration is for one specific delegate only. Partial and/or split registrations are not permitted.

Must be made in writing to the registration office ‘Parthen’ (details on previous page). If the cancellation is received by Friday, 12 November 2010, reimbursement of the registration fee, minus a €40 handling charge will be made. For cancellations received after this date, or if registrants fail to attend, the full cost is due and no refund will be made.

Registrations made after Friday, 12 November 2010 are welcome (subject to availability), but will not be listed on the printed delegates list. A credit card guarantee is required as the full fee is due upon receipt of your registration number.

For the access map, programme, hotel and other information, please refer to www.alfi.lu

ALFIPhone +352 22 30 26 1 - Fax: +352 22 30 93 59, boulevard Royal - L-2449 Luxembourg, www.alfi.luContact: Siobhán Roche / Andreea Bran/ Irene Schultz-Gerstein; events@alfi.lu

Confirmation and Payment:

Early Bird Fee:

Conference Attendee List:

Name changes/Substitutions:

Cancellations:

Late registrations:

Conference Organiser:

registration form

fax registration form- Register online! Save € 10 per registration! www.alfi.lu- Group reservations and special group rates: please contact Parthen (see conference information)

please complete in block capitals

First & Last Name: r Mr. r MsTitle:Department:Company:Street:ZIP-Code, City:State/ Country:E-mail for confirmation :VAT number**:Phone:Fax:Remarks:

Invoice Address: An invoice will be sent to you. Kindly complete below if different to above:

Invoice Contact Name: r Mr. r MsStreet:ZIP-Code, City:State/ Country:E-mail for invoice :VAT number**:

Fees *:Non-Members ALFI & AIMA Members

Early bird rate ** Normal rate Early bird rate ** Normal rate€ 1200 € 1400 € 900 € 1100

* fees subject to 3% VAT according to new European VAT legislation** Early Bird Rate for registration payments made by 8 October 2010

Please select one of the following Day 1 afternoon workshops:r Hedge Funds r Private Equity r Real Estate

I herewith register for the ALFI European Alternative Investment Funds Conference in November 2010 and confirm that I have carefully read and accept the registration conditions set out in this document.

Date: Signature:

Conference fees have to be paid prior to the conference. All payments must be made in Euro. Please quote name, company and invoice number for each attendee.

1) By bank transfer to the following bank account:ING Bank Luxembourg - 52, Route d’Esch - L- 2965 Luxembourg

Account holder: Stg. Parthen R&S Derdengelden

BIC/Swift Code: CELLLULL

Account number: IBAN LU05 0141 1369 1300 0000

2) By Credit Card: Please register online and choose the credit card payment option. For registrations by fax who wish to pay by credit card, please contact the registration office.

Invoice address:An invoice will be sent to all attendees. Please indicate your invoice address and VAT number on the registration form.

VAT Legislation:In accordance with European regulation ALFI is applying 3% VAT on all registrations since January 2010.

For companies within the EU: - for registrations from a VAT registered company it is mandatory to provide a VAT number

(for reporting purposes) in order to process your registration. - for registrations from companies that are not VAT registered - please mark ‘N / A’ in the VAT

number section/field.

For companies outside the EU:- for registrations received from all companies outside the EU, it is NOT a mandatory to

provide your VAT number, but please mark ‘Non EU’ in the VAT number section/field.

payment options

alfi events calendar

Date ALFI eventsALFI participation in events organised by LuxembourgForFinance or LuxembourgFor Business

September

28 - 29 ALFI Global Investment Funds Forum in association with NICSA

October

14 LfF Roundtable in Frankfurt a.M.

15 ALFI TA Forum (ALFI member event)

20 NEW ALFI Leading Edge Conference No2 (KID & Notification)

25, 27, 28 LfF Roadshow Latin America (Uruguay, Brazil & Chile)

November

8 - 11 ALFI Roadshow Asia (Tokyo-Taipei-Hong Kong)

11 Official opening of ALFI Asia office in Hong Kong

22 LfF Roadshow Milan

24 - 25 ALFI AIF Alternative Invest. Funds Conf.

December

9 ALFI Seminar Frankfurt

2011January

tbc Roadshow to Switzerland

tbc ALFI & PRiM Risk Management Conference

February

tbc SRI Conference

March

23 - 24 ALFI Spring Conference

23 ALFI Gala dinner

25 ALFI Microfinance Conference

September

27 - 28 ALFI Global Investment Funds Forum

ALFI/AIF24-25/ 11/ 10

luxembourg

sponsors