New York, New York
TUESDAY, DECEMBER 7, 2010
(All times Eastern Standard Time)
8:30 am – 9:00 am
REGISTRATION AND BREAKFAST
9:00 am – 9:15 am
WELCOME, CURRENT ISSUES AND TRENDS AND OVERVIEW OF THE PROGRAM
Presented by: Beth R. Kramer
Ms. Kramer is a partner in the New York office and has substantial experience in the investment management and securities field. She regularly advises
investment advisers, registered investment companies, private domestic and
offshore investment funds and financial institutions on a variety of compliance
and regulatory matters as well as structuring, organization and distribution. She may be reached at 212.536.4024 or beth.kramer@klgates.com.
9:15 am – 10:00 am
HIGHLIGHTS AND UPDATE ON REGULATORY REFORM
Presented by: Daniel F. C. Crowley and Edward G. Eisert
Mr. Crowley is a partner in the firm’s Washington, D.C. office. His practice
focuses on public policy issues relating to financial services and capital
markets. He represents financial services clients across a broad range of policy
issues including accounting & financial reporting, broker-dealer & securities
trading, commodities & futures, corporate governance, depository institutions,
derivatives & securitization, hedge funds, insurance, investment management,
and mortgage banking & consumer finance. He leads the firm’s Capital
Markets Reform Group which facilitates coordination across these practice
areas on behalf of the firm’s policy clients. He may be reached at 202-778-9447 or dan.crowley@klgates.com.
Mr. Eisert, a partner in K&L Gates’ New York office, focuses his practice
on investment management, including hedge funds, private equity funds
and separately managed accounts, securities and banking regulation, capital
markets/structured finance and asset management joint ventures/mergers and
acquisitions. His practice includes advising U.S., non-U.S. and global advisory
firms with regard to all aspects of their business. Immediately prior to joining
K&L Gates in May 2007, Mr. Eisert was a Senior Vice President and the
General Corporate Counsel of Fiduciary Trust Company International, a FDIC insured institution and subsidiary of Franklin Templeton, where he advised senior management and the institutional, investor services,
and private wealth management lines of business on matters relating to
asset management mandates, product development, securities and banking
regulatory compliance, and litigation. He may be reached at 212.536.3905 or edward.eisert@klgates.com.
New York, New York
TUESDAY, DECEMBER 7, 2010
(All times Eastern Standard Time)
10:00 am – 10:45 am
TRADING DEVELOPMENTS
Presented by: David Dickstein
Mr. Dickstein is a partner in the New York office and is a member of the
Investment Management, Broker-Dealer and Securities Enforcement practice groups. Mr. Dickstein provides ongoing advice to financial institutions (brokers-dealers, registered investment advisers, investment
companies and hedge funds) in a variety of regulatory and compliance matters. He may be reached at 212.536.3978 or david.dickstein@klgates.com.
10:45 am – 11:00 am BREAK
11:00 am – 11:45 am
ADVERTISING
Presented by: David Dickstein and Andras P. Teleki
Mr. Teleki focuses his practice on regulatory compliance issues facing registered investment companies, including mutual funds and closed-end funds, broker-dealers, investment advisers, unregistered funds, variable insurance product issuers and distributors, and related service providers. He also advises financial institutions on anti-money laundering and OFAC issues. Mr. Teleki also has experience in corporate governance and Sarbanes-Oxley issues. He may be reached on 202.778.9477 or andras.teleki@klgates.com.
11:45 am – 12:30 pm ERISA DEVELOPMENTS
Presented by: William Schmidt
Mr. Schmidt works in the areas of institutional investing and employee benefits, with particular emphasis on fiduciary responsibility matters under the Employee Retirement Income Security Act of 1974 (“ERISA”).
Mr. Schmidt advises major financial institutions, including banks, insurance
companies, registered investment advisers and large employee benefit plans,
about ERISA restrictions relating to plan investments and to fee arrangements for investment management and plan administrative services. He may be reached at 202.778.9373 or william.schmidt@klgates.com.
12:30 pm – 1:15 pm LUNCH
New York, New York
TUESDAY, DECEMBER 7, 2010
(All times Eastern Standard Time)
1:15 pm – 2:15 pm CONCURRENT SESSIONS — Separate Mutual Fund and Private Fund Tracks
Mutual Fund Track
ADVANCED TOPICS IN MUTUAL FUND REGULATION
1:15 pm – 2:15 pm 1:15 pm – 2:15 pm (choose one Track)
Presented by: Beth R. Kramer, David Dickstein and Andras P. Teleki
Private Fund Track
ADVANCED TOPICS IN HEDGE FUNDS
Introduction by: Edward G. Eisert
Presented by: Kay Gordon
Ms. Gordon is a partner in the firm’s New York office and concentrates her work in the Investment Management practice, with a particular emphasis on
hedge funds, private equity funds and compliance-related matters. She also
advises clients on a broad range of securities and regulatory matters as well as a variety of financial instruments and transactions, including managed
accounts, credit facilities, joint ventures and derivative instruments. She also represents clients in investigations by the SEC. She may be reached at 212.536.4038 or kay.gordon@klgates.com.
END OF CONCURRENT SESSIONS
2:15 pm – 2:30 pm BREAK
New York, New York
TUESDAY, DECEMBER 7, 2010
(All times Eastern Standard Time)
2:30 pm – 3:15 pm COMPLIANCE PROGRAMS AND ENFORCEMENT DEVELOPMENTS
Presented by: Beth Kramer, Stephen J. Crimmins and Laura Brevetti
Ms. Brevetti is a highly accomplished and regarded white-collar criminal defense
attorney with 30 years of experience in government and private practice. She is
a noted trial attorney, having tried many cases and arbitrations in both the state
and federal systems as a former prosecutor and defense attorney. Ms. Brevetti
has extensive experience representing individuals and corporate entities engaged
in a broad spectrum of businesses and industries facing grand jury investigation,
criminal trials and government regulatory and enforcement actions. She may be
reached at 212.536.4008 or laura.brevetti@klgates.com.
Mr. Crimmins represents clients in enforcement investigations and litigation
conducted by the SEC and other financial services regulators, as well as in
private securities litigation. He also leads internal investigations and counsels
on regulatory compliance, corporate governance and other SEC-related issues.
Steve practiced with the SEC for 14 years, eight of which were in senior management. As the Deputy Chief Litigation Counsel of the SEC’s Enforcement
Division in Washington, D.C. from 1993 until 2001, he was one of 11 members
of the Senior Executive Service at division headquarters. Steve co-managed
a unit of 25 first-chair trial attorneys representing the SEC in hundreds of
securities cases in the federal courts and in administrative proceedings. He also consulted on SEC investigations, participated actively in settlement
negotiations, and served as an adviser to attorneys in SEC regional offices. Steve joined the SEC as a trial attorney in 1987 and continued to litigate and try cases for the agency after his promotion to senior management in 1993. Since returning to the private sector in 2001, Steve has successfully represented
public companies, directors, senior corporate officers, financial services firms
and their professionals, Big Four accountants and others in a wide range of
securities cases. He may be reached at 202.778.9440 or stephen.crimmins@
klgates.com.
3:15 PM – 4:05 PM ISSUES AFFECTING ADVISERS PANEL
Presented by: David Dickstein, Edward G. Eisert, Kay Gordon, Beth Kramer and Andras Teleki
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4:05 pm – 4:15 pm
Custody
Pay-to-Play
Conflicts of Interest
Form ADV, Part II
Privacy
Others
BREAK New York, New York
TUESDAY, DECEMBER 7, 2010
(All times Eastern Standard Time)
4:15 pm – 5:30 pm HOW THE NEW LEGAL AND REGULATORY ENVIRONMENT
IS CHANGING THE INVESTMENT MANAGEMENT INDUSTRY
Presented by the following speakers:
Diane E. Ambler, Edward G. Eisert, Kay Gordon, Anthony Nolan and
Darlene DeRemer, Grail Partners, LLC
Ms. Ambler has substantial experience in financial institution regulation under federal securities laws, including the USA PATRIOT Act and the Sarbanes-Oxley Act. She focuses her practice on mutual fund governance, compliance activities of mutual funds, private funds and variable insurance product issuers and distributors, and activities of related service providers. She may be reached at 202.778.9886 or diane.ambler@klgates.com.
Mr. Nolan specializes in domestic and cross-border securitization, structured
finance, structured products and derivatives. He has broad familiarity with
synthetic, cash-flow and market value CDOs, large loan CLOs, mortgage-backed
and asset-backed securities and asset-backed commercial paper programs as
well as servicing retained whole-loan sales. Mr. Nolan has represented issuers,
underwriters, servicers, bond insurers and others in a wide variety of wholeloan sales and asset-backed securities issuances, including registered offerings,
private placements, offshore offerings and cross-border structured financings. He may be reached at 212.536.4843 or anthony.nolan@klgates.com.
Darlene DeRemer joined Donald H. Putnam in founding Grail Partners LLC in
2005. In addition to heading up the Boston office, Darlene is the senior banker
focusing on the mutual fund industry worldwide, and has advised clients in a
wide range of strategic transactions. Grail is an advisory merchant bank serving
the investment management industry from offices in Boston, New York and
California. Grail’s partners have worked on over 100 strategic transactions
involving asset management businesses over two decades. She may be reached
at dderemer@grailpartners.com.
5:30 PM – 6:30PM
WINE AND CHEESE RECEPTION