6th annualTHE UK’S PREMIER HEDGE

FUND EVENT

www.irc-conferences.com/2007/hedge

31 October – 1 November, Old Billingsgate, London, UK

JIM ROGERSINVESTMENT GURU

AND AUTHOR

MICHAEL HINTZEFOUNDER AND

CHIEF EXECUTIVECQS

BERNARD OPPETIT CHAIRMAN AND CIO CENTAURUS CAPITAL

MARTIN LUECK CO-FOUNDER

ASPECT CAPITAL INC.

WILLIAM BROWDERCHIEF EXECUTIVE

OFFICERHERMITAGE CAPITAL MANAGEMENT LTD

GAVYN DAVIES FULCRUM ASSET

MANAGEMENT AND PRISMA CAPITAL

PARTNERS

MATTHEW SIMMONSCHAIRMAN

SIMMONS & COMPANY INTERNATIONAL

AVINASH PERSAUDCHAIRMAN

INTELLIGENCE CAPITAL LIMITED

Licence to thrill.

• Hear the world’s most successful managers debating investment strategy

• Discover award-winning funds and uncut diamonds in our HF showcases

• Gain insight and inspiration from top researchers and quant managers

• Network effortlessly with investors, asset allocators and managers

• Keep abreast of the latest hot topics in the hedge fund industry

NEW FORMATAn exciting new format, in a festival-

style environment. A vibrant and refreshing atmosphere. A fantastic new London venue, designed to

deliver an extraordinary, red carpet experience for delegates, speakers

and sponsors.

NEW CONTENTAll the hot topics; hedge fund

replication, 130/30 funds, hedge fund IPOs, permanent capital vehicles, quantitative techniques, activist

investing, convergence with long only, commodities and energy.

NEW SPEAKERSGenuine A-list stars; Michael Hintze, Martin Lueck, Bernard Oppetit, Jim

Rogers and Matthew Simmons. New research from Andy Weisman

of Merrill Lynch, Avi Persaud of Intelligence Capital and Dr Jenke ter

Horst of Tilburg University.

NEW INVESTORSTwo of the biggest UK investors in

hedge funds; Avon Pension Fund and Nestle Group. Contributions from Parly Company and Metal Box. Case study

from BONUS Pensionskassen.

CHARITY GALA DINNERAn evening of fun and glamour, providing delegates with the opportunity to give a

little back to those less fortunate.

Event partner Lead sponsor Silver sponsors

Associate sponsor Showcase sponsor Strategic event partner Organised by

“ ”

A view to a hedge fund.

HEDGE ROYALE

Licence to thrill.

From the producers of HEDGE comes 2007’s hottest new release... HEDGE ROYALEHEDGE 2007 becomes HEDGE 007IRC’s HEDGE series of events has an impeccable pedigree – world-class conferences which have attracted 300-400 delegates each year since they began six years ago. This year, however, IRC presents investors with a new and unique offering….

HEDGE ROYALE is a new concept in hedge fund conferences. The purpose is unchanged – to meet the serious needs of serious investors – but the presentation is refreshing and different. A festival environment, designed to deliver an experience which is fun, dynamic and uplifting. Delegates are promised a red carpet experience, where the stars of the hedge fund industry share their inspiration and insights, hopes and fears.

HEDGE ROYALE is a two-day celebration of all that matters about hedge funds. It’s where investors get together to do business, be inspired and put in the groundwork for future deals. It’s a festival of content and networking for the investment industry.

One of the best events in the

hedge fund calendar

Stephen Oxley, Managing Director,

PAAMCO

Genuine A-list actors. A blockbuster event demands big stars, and HEDGE ROYALE delivers a star-studded cast. Michael Hintze, Jim Rogers, Martin Lueck, Bernard Oppetit, Gavyn Davies, William Browder and more – a truly world-class array of leading actors.

From HEDGE with love. HEDGE loves investors. The HEDGE series of events is created with the needs of investors in mind. End investors, such as pension schemes, endowments and charities attend at an 80% discount to the normal conference price.

Hedge Fund Diamonds. These guys are sharp! Presentations from top performing and award-winning hedge fund managers in our “Hedge Fund Diamonds” showcase.

Speed networking. Meet…move on…meet…move on. Where contact is made and lasting relationships are formed.

Rapid fire showcase. The first seven delegates to register, on the day, at the IRC desk, have the opportunity to participate in our “rapid fire showcase”. In a fun and informal setting, contenders each have two minutes to impress, before a panel of friendly end-investors passes judgement.

Theatre of dreams. The main stage. A place to learn from the hedge fund galacticos. Sit back and enjoy cutting edge discussion – or sit up and get involved in our panel debates.

The games zone. Challenge new friends to a sporting duel, on our golf or Formula One simulators.

Head to head meetings. Use our “Contact” system, even before the event, to make appointments to meet in our one-on-one lounge.

Chill. Rest, read or reflect in our chill zone.

HEDGE ROYALE brings you the hot topics of the moment, from the hottest speakers at London’s most exciting new venue.

Cutting edge discussion

• How can a $2 trillion industry still deliver alpha?

• Attack of the clones – will hedge fund replication take off?

• Trends in asset management: is 130/30 the way of the future?

• Permanent capital vehicles: the beginning or the end?

• Hedge fund IPOs and acquisitions: what are the implications?

• The convergence of hedge funds and private equity: what next?

A unique experience

Asset allocators

Family offices

Pension funds

Endowments

Private banks

Investment consultants

Hedge fund managers Fund of funds managers

Investment banks Technology providers

Law firms Prime brokers Exchanges

WHO WILL BENEFIT?

”“

”

A view to a hedge fund.

www.irc-conferences.com/2007/hedge

From the producers of HEDGE comes 2007’s hottest new release... HEDGE ROYALE

This groundbreaking production delivers the perfect combination of serious, cutting edge content, packaged in a

refreshing, fun and dynamic environment, and presented by world-class industry speakers.

Book now by calling +44 (0)20 7242 2324, fax the registration page to +44 (0)20 7242 2320 or register online at www.irc-conferences.com/2007/hedge

A great event! I thought the program

was fantastic. Well done!

Virginia Reynolds Parker, Managing Member &

Chief Investment Officer,Parker Global Strategies

A-list cast

Michael HintzeFounder, Chief Executive and Senior Investment OfficerCQS

Michael Hintze is one of the world’s top convertible arbitrage traders. He is an Australian mathematician, educated in Sydney, military-trained, and with a Harvard MBA. His Convertible and Quantitative Strategies Fund has an awesome track record.

Jim RogersInvestment guru and author

Jim Rogers co-founded the Quantum Fund, which over 10 years gained 4200%, while the S&P rose less than 50%. Rogers has travelled the world extensively, chronicling his adventures – and investment observations – in his books “Investment Biker” and “Adventure Capitalist”.

Martin LueckCo-founderAspect Capital Inc.

Martin Lueck has built not one, but two, top quantitative firms. In 1987, with Michael Adam and David Harding, he founded AHL, which was sold to Man Group plc in 1994. Then in 1997 he co-founded Aspect Capital, alongside Anthony Todd, Eugene Lambert and Michael Adam.

Bernard OppetitChairman and Chief Investment OfficerCentaurus Capital

Bernard Oppetit is one of Europe’s most influential hedge fund managers. In 2000, he resigned from BNP Paribas to launch Centaurus Capital, one of the largest European hedge fund managers, dedicated to “event-driven” and credit strategies, and now managing in excess of US$ 4 billion.

William BrowderChief Executive OfficerHermitage Capital Management Ltd

William Browder is the Founder and CEO of Hermitage Capital Management, a leading global asset management firm and the premier specialist in Russian equities, with US$ 3.5 billion under management. The firm’s Russian product, the Hermitage Fund, was named EuroHedge “2005 Fund of the Year”.

Matthew R. SimmonsChairmanSimmons & Company International

Matthew Simmons founded Simmons & Company International, a specialized energy investment banking firm, over 30 years ago. He is a leading authority on the subject of peak oil, and his book, “Twilight in the desert: the coming Saudi oil shock and the world economy” is a best-seller.

Gavyn DaviesCo-founderFulcrum Asset Management and Prisma Capital Partners

Gavyn Davies’ CV includes serving as Chairman of the BBC from 2001-2004 and Chief Economist at Goldman Sachs during the 1980’s and 1990’s. From 1979-2001, Gavyn was repeatedly ranked as the City’s top UK, European or global economist in surveys of institutional investors.

Professor Avinash D. PersaudChairmanIntelligence Capital Limited

Avinash Persaud is a prize-winning academic, economist and risk professional, well known for his work on liquidity and risk. He is a founding director of GARP and was Global Head of Research at State Street (1999-2003) and Global Head of Currency and Commodity Research at JPMorgan (1993-1999).

HEDGE ROYALE brings you the hot topics of the moment, from the hottest speakers at London’s most exciting new venue.

Cutting edge discussion

• How can a $2 trillion industry still deliver alpha?

• Attack of the clones – will hedge fund replication take off?

• Trends in asset management: is 130/30 the way of the future?

• Permanent capital vehicles: the beginning or the end?

• Hedge fund IPOs and acquisitions: what are the implications?

• The convergence of hedge funds and private equity: what next?

08:30 Registration and refreshments

08:50 Chairman’s opening remarks Ian Morley, CEO, Dawnay, Day Brokers Ltd

09:00 HEDGE ROYALE GUEST STRATEGIST: JIM ROGERS Jim Rogers co-founded the Quantum Fund, a Global Investment Partnership which returned 4200% in ten years. In late 1998 he correctly forecast the commodities boom. In 2007 he has some fresh and provocative opinions… Jim Rogers, Investment guru and author

10:00 Blockbuster panel: what are investors thinking? • Can a $2 trillion industry still deliver alpha? • What do HFs need to do to get on investors’ short-lists? • Are 130:30 funds serious contenders for your money? • Are HF tracker “clones” of interest? Peter Fletcher, Managing Director, Parly Company Robert Howie, Head of European Hedge Fund Research, Mercer Investment Consulting Julie Richards, Head of Group Pensions, Nestlé UK Ltd Philip Read, UK Pensions Manager, Metal Box Pension Trustees

10:40 Morning refreshments

STREAM 1 HEDGE ACADEMY

DAY ONE Wednesday 31 October

Licence to thrill.

www.irc-conferences.com/2007/hedge

A SHOWCASE FOR AWARD-WINNING AND TOP PERFORMING FUNDS, ALL OPEN TO NEW BUSINESS.

16:20 Value-based equity investing Behavioural issues & new metrics for value and alpha Colin McLean, Managing Director, SVM Asset Management

16:40 Event-driven strategy: rise in shareholder activism The growing power of HFs, pitfalls and litigation Lee Robinson, Director and Chief Investment Officer, Trafalgar Asset Managers

17:00 Concentration in hedge fund investing Is it appropriate? Risky? Or return-enhancing? Joseph Burns, MD and Head of Investments Europe and Asia, Ivy Asset Management

QUANT TOOLS AND INSIGHTS TO HELP INVESTORS AND FUND MANAGERS SUCCEED IN THEIR MISSION.

16:20 Investors’ shifting appetite for risk How to measure it and how to make money from it Prof. Avinash D. Persaud, Chairman, Intelligence Capital Limited

16:55 Iceless Risk Why is volatility falling? What are the implications? Kent Osband, Managing Director, Fortress Investment Group

17:30 Tools of the trade Making the most of quant measures when trading Dr Richard Saldanha, Portfolio Manager, Investec Asset Management

14:00 Convergence in the alternative investments industry New research to be published in autumn 2007 Tom Brown, European Head of Hedge Fund Services, KPMG

14:30 Hedge fund IPOs and acquisitions Implications for investors and strategies for hedge funds James R. Hedges IV, Founder, President and Chief Investment Officer, LJH Global Investments, LLC

FROM RUSSIA WITH LOVE

15:05 Greed versus fear: deep value activist investing Executing an activist strategy in hostile markets William Browder, Chief Executive Officer, Hermitage Capital Management Ltd

15:35 Speed networking and afternoon refreshments

Chairman: Divyesh Hindocha, Global Director of Consulting, Mercer Investment Consulting

11:10 Pension fund case studies Tony Worth reveals the background to the £2.1bn Avon Pension Fund placing 10% of its assets with hedge funds. Tony Worth, Investments Officer, Avon Pension Fund Johannes Puhr, Head of Asset Management, BONUS Pensionskassen AG

11:45 Funds of hedge funds - the SPECTRE of competition How should pension funds access hedge fund returns? FOHFs? Multistrategy? Investable indices? Replicators? Omar Kodmani, Senior Executive Officer, Permal Alastair Altham, CEO, Cannizaro Capital Partners LLP John Godden, CEO and Founder, IGS Group Ltd Chris Woods, Senior MD - Absolute Return Strategies, SSgA

12:30 Trends in the asset management industry: Is 130/30 the way of the future? Philip Middleton, Research Analyst, Merrill Lynch

Chairman: Dr Chris Jones, Chief Investment Officer, Key Asset Management

11:10 Common denominators of the “market wizards” Jack Schwager’s runaway best-seller, “Market Wizards,” which chronicles his interviews with seventeen legendary traders, has been described as one of the most fascinating books ever written about Wall Street. Jack Schwager, Investment Director, Fortune Group

12:00 The rise and demise of the convertible arbitrage strategy The determinants of return from convertible arbitrage Dr. Jenke ter Horst, Department of Finance, Tilburg University, The Netherlands 12:30 Re-thinking hedge fund performance • Frameworks for hedge funds classification • A review of the leading hedge fund indices • Assessing HF performance using “cluster analysis” David Aldrich, Managing Director, The Bank of New York

STREAM 2 ALPHA CLINIC

STREAM 1 HEDGE FUND DIAMONDS STREAM 2 Q’s TOOLBOX

PLENARY SESSION

13:00 LUNCH

PLENARY SESSION

OR

OR

18:00 NETWORKING DRINKS RECEPTION

19:15 HEDGE ROYALE CHARITY GALA DINNER

08:30 Registration and refreshments 08:50 Chairman’s opening remarks Gavyn Davies, Co-founder, Fulcrum Asset Management and Prisma Capital Partners

09:00 DIFC - a new centre for the global funds industry The attractions of Dubai as a new global jurisdiction for financial institutions Sandy Shipton, Head, Asset & Fund Management, Dubai International Financial Centre

09:25 Attack of the clones - will hedge fund replication take off? • Why simple replication is not enough • The benefits of alternative beta plus

• What alternative beta cannot provide • Why we still need the fund of funds Gavyn Davies, Chairman, Fulcrum Asset Management and Founding Partner, Prisma Capital Partners

09:55 HEDGE ROYALE GURUS Some of the world’s most renowned investment managers discuss investment strategy and top trading ideas Michael Hintze, Founder, Chief Executive and Senior Investment Officer, CQS Martin Lueck, Co-founder, Aspect Capital Inc. Bernard Oppetit, Chairman and Chief Investment Officer, Centaurus Capital

10:45 Morning refreshments

STREAM 1 FUNDS OF FUNDS

Extended networking lunch, featuring;Delegate rapid fire showcase: in a fun and informal setting, seven funds each have two minutes to impress, before a panel of friendly end-investors passes judgement (13:45 - 14:15).

One-on-one meetings: use the “Contact” system to make appointments to meet in our one-on-one lounge.The games zone: challenge new friends to a sporting duel, on our golf or Formula One simulators

MANAGING A PORTFOLIO OF HEDGE FUNDS: OPERATIONAL ISSUES, IDENTIFYING ALPHA AND MANAGING RISK.

Chairman: Dr Chris Jones, Chief Investment Officer, Key Asset Management

11:20 Die another day: the value of liquidity • Why it’s dangerous to trust your intuition • Are you comparing apples to oranges? • Some useful techniques for portfolio management Dr Ranjan Bhaduri, Graystone Research Group, Morgan Stanley

11:50 Producing enhanced indexes via portable alpha • Building your alpha engine • Benchmarking managers • Neutralizing sub-manager betas to isolate alpha • Portable alpha enhancing indexes at 1.0 beta Frank R. Casey, Director of Marketing, Benchmark Plus Management, LLC

12:25 Permanent capital hedge funds - the beginning or the end? • Record amounts of capital are being raised • But more companies are trading at discounts • What is the future for the sector? Mark James, Executive Director, ABN AMRO Bank NV

FIVE SPEECHES FROM HEDGE FUND SERVICE PROVIDERS, HIGHLIGHTING NEW DEVELOPMENTS AND OPPORTUNITIES

Chairman: Dave Shastri, Co-founder and President, Comada Group

11:20 Cash management - why bother? • Cash - underutilized, unseen, even unloved? • Overnight safety - why “AAA” isn’t the answer • Alternatives - pros & cons - what works for whom • The cost of inaction • The way forward - infrastructure and process Joseph Igoe, Senior Vice President, Sentinel Management Group

11:40 Investing in emerging managers • Emerging versus established managers • Which produces the most alpha? • Who provides the best risk control? • What special issues should you investigate? Meredith A. Jones, Managing Director, Pertrac Financial Solutions LLC

The names of the final speakers in this session will be announced two weeks prior to HEDGE ROYALE. To be considered for inclusion, contact Tim Green at tim.green@ irc-conferences.com

STREAM 2 BUSINESS SHOWCASE

DAY TWO Thursday 1 November

Licence to thrill.

www.irc-conferences.com/2007/hedge

Chairman: Pierre Martin, Director and Senior Fund Manager, DWS Investment

14:30 NEW RESEARCH: Chasing your tail • Risk management & portfolio construction: historical perspective • Advances in portfolio construction & applications to HFs • Data dependence and the peso problem • Fundamental properties of hedge fund data • Sources of tail risk • Estimating tail loss potential Andy Weisman, Chief Investment Officer, Merrill Lynch HFDMG

15:10 Money and oil: the world is not enough Matthew Simmons is a highly-connected oil industry insider, and a leading provocateur on the subject of “peak oil” He founded Simmons & Company International, a specialized

energy investment banking firm, over 30 years ago, and his book, “Twilight in the desert: the coming Saudi oil shock and the world economy” has been listed on the Wall Street Journal’s best-seller list. Matthew R. Simmons, Chairman, Simmons & Company International

15:50 Commodity thought-leaders panel Leading strategists and fund managers discuss the current outlook for global commodities markets Michael Lewis, Managing Director and Global Head of Commodities Research, Deutsche Bank Matthew R. Simmons, Chairman, Simmons & Company International Chris Weafer, Chief Strategist, Alfa Bank, Russia

16:30 End of conference

PLENARY SESSION

PLENARY SESSION

OR

13:00 EXTENDED NETWORKING LUNCH

HEDGE ROYALE - business festival, marketplace and knowledge experience!

At a time when a new event grabs the attention of senior investors, you are presented with the opportunity to demonstrate your expertise by taking a role at the conference.

HEDGE ROYALE will bring together fund managers with pension funds, family offices, private banks and other institutional investors. It is a business experience that is customer friendly, extremely cost-effective and big on real potential business contacts. It is an outstanding opportunity for world-class providers to showcase their expertise to a targeted audience of top-level investors.

Europe’s most important HEDGE event!

HEDGE ROYALE is a place where business contacts are made and where business gets done.

This event is part of a successful global series of finance and investment events. We have accurate, fully researched databases of contacts that match your target audience.

We identify potential delegates by job title, sector, and geography specific to your demands so that all of your target audience sees you as a market leader.

HEDGE ROYALE is an event of substance: a gathering of Europe’s key advisors and investors at an event that brings together senior world class speakers on hedge fund investment.

We work with all parts of the global industry to create a very special, focused event, not a tired industry gathering.

HEDGE ROYALE is attended by real, senior level decision makers.The event is supported by an extremely thorough marketing campaign that includes coverage in all the relevant industry press and web portals.

The event offers sponsorship packages that create year-round advantage, offering PR and exposure well beyond the actual event itself.

In a nutshell… HEDGE ROYALE is a globally successful event that stands apart from the competition.

THE DIFFERENCE

Limited sponsorship and presentation opportunities are available. Contact Tim Green on +44 (0)20 7092 1261 or

Tim.Green@irc-conferences.com to find out more.

HEDGE ROYALE

Licence to thrill.

The DIFC is the world’s newest international financial centre. It aims to develop the same stature as New York, London and Hong Kong. It primarily serves the vast region between Western Europe and East Asia.

Since it opened in September 2004, the DIFC has attracted high calibre firms from around the globe as well as its region.

A world-class stock exchange, the Dubai International Financial Exchange (DIFX), opened in the DIFC in September 2005.

The DIFC is a 110-acre free zone. It is part of the larger vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, together with the Government of Dubai, to create an environment for progress and economic development in the UAE and the wider region.

Sector Focus

The DIFC focuses on several sectors of financial activity: Banking and Brokerage Services (Investment Banking, Corporate Banking & Private Banking); Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading); Wealth Management; Reinsurance and Captives; Islamic Finance; Business Processing Operations and Ancillary Services.

Financial institutions may apply for licenses in the above sectors. Firms operating in the DIFC are eligible for benefits such as a zero tax rate on profits, 100 per cent foreign ownership, no restrictions on foreign exchange or repatriation of capital, operational support and business continuity facilities. Financial services in the DIFC are regulated to international standards by the Dubai Financial Services Authority (DFSA).

KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 148 countries and have more than 113,000 professionals working in member firms around the world. We work with over half of the top 50 hedge fund managers in Europe by asset size. Internationally, we have 800

partners and 11,000 professionals working with securities services, mutual and hedge funds, banking, investment banking, insurance, real estate and private equity organisations.

This breadth of experience enables us to field global teams which help clients to meet the demands of the growth and change in the hedge funds industry. As the hedge funds industry continues to grow, so business issues become more complex. The regulatory and tax environments are becoming far more demanding, the institutional market requires more transparency and proper corporate governance arrangements and one time hedge funds boutiques are increasingly experiencing “growing pains”.

KPMG can bring centrally co-ordinated multi-disciplinary teams together to address such issues. The competition for investment opportunities is intensifying and the investment industry is seeing unprecedented levels of corporate activity. KPMG’s Alternative Investment Group brings investment opportunities to clients through its international corporate finance practice which has deep insight in the real estate, infrastructure, emerging and other markets. Our transactions services and advisory teams have recently been recognised for their extensive work in the sector by winning ‘Best Provider of Transactional & Advisory Services’ at The Hedge Fund Journal Awards 2007www.kpmg.co.uk

Citco Bank is the recognized world leader in providing specialized trading and custody for the international fund holdings. For institutional clients (primarily Banks), Citco Bank offers a unique custody service to alleviate these institutions from the administrative burden of locating, subscribing in and keeping track of

investments in international funds for their private banking customers. These services allow clients to deal in mutual funds and alternative investments in a fully automated environment. Citco Bank’s online trading and custody platform, specifically designed for high volume transactions, allows Internet access through a single point to all trading and custody functions. www.citco.com

FINalternatives

Media and event partners

www.irc-conferences.com/2007/hedge

Strategic event partner Endorsed by

Media partners

The HEDGE ROYALE Charity Gala Dinner is the ideal way to wrap up day one.

Starting off with a cocktail reception, followed by a delicious three course dinner with wine, the evening will be a chance to network in a fun and relaxed environment.

The fun doesn’t end there - the evening will also include:

• The chance to win some amazing prizes with all proceeds going to our charity partner RLSB

• A celebrity guest speaker

• Fun and entertainment at the after dinner party, including a casino, golf competitions and a real Formula One simulator.

A ticket to this amazing night of networking and entertainment is included in your conference pass.

About the charityThe RLSB exists to provide education, training and employment services that enable people who are blind or partially sighted to overcome the discrimination they face and the social exclusion and poverty many experience.

They do this through their specialist nursery, school and college in Kent and an employment bureau and factory in London, which enables the RLSB to create life chances for blind and partially sighted people of all ages.

The Royal London Society for the Blind is committed to empowering people with a visual impairment to lead independent lives through the provision of high quality education, training and employment services.

CHARITY GALA DINNER

About the venueLondon is the world’s financial capital. London is Hedge Funds. We live by the river.

Old Billingsgate is London’s most prestigious and exciting conference and events venue. Ultra convenient location in the heart of the City. The centre of everything. Right on the Thames. World renowned historic sites nearby. Fast transport links in every direction. Tubes, buses, trains, taxis. London City Airport in twenty minutes. The West End in ten. Top hotels a short walk away.

Custom House Administration & Corporate Services Ltd. (“Custom House”) is a Dublin based hedge fund administrator, concentrating on alternative investment and hedge funds - indeed, we describe ourselves as “The Specialist Fund Specialist”. We also have representative offices in Chicago

and, since January 2007, Singapore. As a result, Custom House now offers a full “round the clock” and “round the world” administration service. We currently act for in excess of 260 funds and sub-funds on behalf of 105 clients with total assets under administration in excess of $25 Billion. To find out more about Custom House please visit our website www.customhousegroup.com or contact dermot.butler@customhousegroup.com.

MAREX Financial is an independent Futures broker offering worldwide coverage of the commodities market and financial markets. Clients are serviced by over 200 experienced and dedicated staff from our offices

in London, Geneva and Gibraltar. Our success comes from our ability to combine in one flexible, responsive offering; Liquidity, Market Intelligence, Efficient Voice or Screen Execution and Effective Risk Management and Clearing Services. Our specialist teams offer a high level of service with an in-depth insight into market activity whilst the high daily volumes transacted through MAREX allows discreet execution of large orders. Dedicated account managers ensure coordinated client focus is delivered from point of trade to clearing of all products. Our e-services team are an essential complement to our specialist desks and focus on teamwork enables us to take an integrated approach to simplifying out client’s access to the Global Futures and FX Markets. www.marexfinancial.com

Hedge Funds are forever.

Attendee details Mr/Mrs/Ms Full name Job title Telephone Email

1

Yes, I am an end-investor (Pension Fund, Insurance Company, Family Office, Charity, Endowment Fund), I therefore qualify for a discount of 80%. Please register me for (subject to Terrapinn approval):

31 October and 1 November 2007 £1,660.50 + VAT £290.59 = £1,951.09SAVE £216.79

l 2 day conference

23

£1,845.00 + VAT £322.88 = £2,167.88£1,752.75 + VAT £306.73 = £2,059.48 SAVE £108.40

45

31 October and 1 November 2007 £429.00 + VAT £75.08 = £504.08 SAVE up to £1,663.80l 2 day conference

31 October – 1 November, Old Billingsgate, London, UK

Phone: +44 (0)20 7242 2324Fax: +44 (0)20 7242 2320Online: www.irc-conferences.com/2007/hedge Email: sarah.pegden@terrapinn.comPost: IRC Conferences, Wren House, 43 Hatton Garden, London, EC1N 8EL, UK

5 easy ways to register

* All tickets include refreshments, lunch, full conference documentation and Hedge Royale charity dinner. The fee does not include hotel accommodation. Payment terms are 7 days. VAT is charged at local rate. Please tick this box l if you do not wish to attend the Hedge Royale Charity Gala Dinner, £100 will be deducted from each individual bill.

If you are booking more delegates, please attach a separate sheet with details of all attendees. Alternatively call +44 (0)20 7242 2324

Company detailsSignatory must be authorised to sign on behalf of contracting organisation

Method of paymentPayment terms are 7 days. The conference registration pack will be sent to you once payment has been received. l Bank Transfer lCrossed cheque payable to Terrapinn Ltd l Diners Club lVisa lAmerican Express lMastercard

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1. Should you be unable to attend, a substitute delegate is welcome at no extra charge. 2. Should you wish to cancel completely a charge of 50% of the registration fee, plus £150 (+ VAT) administrative charge will be made for cancellations received in writing at least 30 days prior to the conference start date.3. Alternatively, you may choose a credit note for the full value of the registration price (valid for 1 year), which may be put towards another Terrapinn event.4. The company regrets that no cancellations will be accepted within 30 days of the conference start date. Prepayments will not be refunded and invoiced sums will be payable in full, except in cases where it has been possible to mitigate loss.5. Course documentation will, however be made available to the delegate. Terrapinn reserves the right to alter the programme without notice.

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Venue and hotel accommodation

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Data Protection

Venue: 1 Old Billingsgate Walk, 16 Lower Thames Street, London EC3R 6DX Tel: +44 (0)20 7283 2800 Fax: +44 (0)20 7626 1095Email: info@oldbillingsgate.co.uk

Hotel accommodation: The conference fee does not include accommodation. Terrapinn has obtained specially discounted rates for all attendees. A hotel booking form will be sent to all registered attendees. Please book your accommodation early to avoid disappointment.

Name:..................................................................................................................................................

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Yes, please register me for:Package Dates Price before 20 August 2007 Price from 21 August to 17 September 2007 Price from 18 September 2007

HEDGE ROYALE

Registration form.

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Package Dates Investor Price

Corporate groups. Yes, I want to send the team and save even more.Delegates Package Normal Price Group Price Total Savings

l 3 2 day conference £5,535.00 + VAT £968.63 = £6,503.63 £4,981.50 + VAT £871.76= £5,853.26 SAVE £650.37

l 6 2 day conference £11,070.00 + VAT £1,937.25 = £13,007.25 £9,409.50 + VAT £1,646.66 = £11,056.16 SAVE £1,951.09

**Corporate booking prices cannot be used in conjunction with any other promotional prices

l 8 2 day conference £14,760.00+ VAT £2,583.00 = £17,343.00 £11,808 + VAT £2,066.40 = £13,874.40 SAVE £3468.60

Register before 20 August 2007 and save over £200