Boston, Massachusetts
THURSDAY, NOVEMBER 3, 2011
(All times Eastern Daylight Time)
ADVANCED TOPICS IN INVESTMENT MANAGEMENT
9:00 am – 12:00 pm Plenary Sessions
9:00 am – 9:05 am Welcome and Introduction
Presented by Michael S. Caccese
Mr. Caccese is one of three Practice Area Leaders of K&L Gates’ Financial
Services practice, which includes the firm’s Investment Management and
Broker Dealer practice groups, and sits on the firm’s Management Committee.
Mr. Caccese focuses his practice in the areas of investment management,
including mutual funds, closed-end funds, registered fund of hedge funds,
hedge funds and separately managed accounts, in addition to advising on
investment management and broker-dealer regulatory compliance. Mr.
Caccese also advises on structuring investment management professional
team “lift-outs” and “placement”, “soft dollar” compliance, investment
performance, the Global Investment Performance Standards (“GIPS”), AIMR
Performance Presentation Standards (“AIMR-PPS”), and the CFA Soft Dollar
Standards and the Trade Management (Best Execution) Guidelines, along
with other investment management industry standards of practice. His focus
is on serving the needs of investment advisory firms of all sizes, including
helping them design and comply with the investment industry’s “best
practices” and policies, under GIPS, AIMR-PPS and Soft Dollar Standards.
He may be reached at 617.261.3133 or michael.caccese@klgates.com.
9:05 am – 10:30 am Financial Industry Developments and SEC Initiatives and Rulemaking
Panel: Mark J. Duggan, Stuart E. Fross, Nicholas S. Hodge,
Clair E. Pagnano and George Zornada
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Asset Management Unit
New and Proposed Rules
Janus Case
Pay-to-Play Rules
Adviser Remuneration
Mr. Duggan is of counsel in the Boston office and focuses his practice on
investment management and collective fund issues, including those faced
by banks and trust companies and registered advisers. He has experience
with advisory and other regulatory issues relating to separate accounts,
bank-sponsored mutual funds, bank commingled ERISA funds, common trust
funds and other collective funds, including formation, participant eligibility
determinations, contract negotiations, security selection and new product
development. In addition, he also advises clients with respect to regulatory
investigations and examinations involving regulators such as the SEC, the
DOL, the Federal Reserve and state regulators. He may be reached at
617.261.3156 or mark.duggan@klgates.com.
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Boston, Massachusetts
THURSDAY, NOVEMBER 3, 2011
(All times Eastern Daylight Time)
Mr. Fross is a partner in K&L Gates’ Boston office where he concentrates
his practice on securities as part of the Investment Management
Practice Group. He is involved in all aspects of fund management for
both domestic and international funds, including formation of new funds,
strategic planning and contract matters, with particular focus on securities
regulatory compliance. Mr. Fross assists clients with fund management
operations, fund formation and fund distribution with respect to US
registered open-end funds, US registered closed end funds, US exchange
traded funds, bank collective investment funds, Canadian 81-102 Funds,
UCITS funds sold in the European Union, the US, South America, Japan,
Taiwan and Hong Kong, as well as private funds, organized in the US and
offshore. He has extensive experience in equity, high-income and fixed
income trading operations, as well as development of Exchange Traded
Funds. He may be reached at 617.261.3135 or stuart.fross@klgates.com.
Mr. Hodge is a partner in the Boston office and concentrates his practice
in securities law with a focus on investment management, hedge funds,
real estate investment trusts and partnerships, timber funds, complex
partnership reorganizations, tender offers, and mergers and acquisitions.
He has extensive experience in public and private offerings of securities,
SEC and FINRA regulatory requirements, and Investment Company and
Investment Advisers Act compliance. Mr. Hodge represents numerous
domestic and offshore hedge funds, ranging from startup funds to major
fund complexes. He may be reached at 617.261.3210 or nicholas.hodge
@klgates.com.
Ms. Pagnano is a partner in the Boston office and concentrates her
practice in the investment management area. She has experience
representing open and closed-end investment companies and their boards
of directors. Ms. Pagnano advises mutual fund complexes on regulatory
and compliance matters including registration, proxy issues, mergers
and reorganizations. She has advised registered investment companies
on exemptive applications and no-action letter requests to the SEC. Ms.
Pagnano also has experience with Sarbanes-Oxley Act requirements for
registered investment companies. She may be reached at 617.261.3246
or clair.pagnano@klgates.com.
Mr. Zornada practices investment management and securities law. He
regularly represents investment advisers, open- and closed-end investment
companies and their boards of directors, and private investment entities
such as hedge funds and funds of funds. His practice includes a broad
spectrum of regulatory and transactional matters for investment advisers,
investment companies, boards of directors, onshore and offshore hedge
funds and funds of funds and their managers. He may be reached at
617.261.3231 or george.zornada@klgates.com.
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Boston, Massachusetts
THURSDAY, NOVEMBER 3, 2011
(All times Eastern Daylight Time)
10:30 am – 10:45 am Break
10:45 am – 11:30 am Selected Topics in Derivatives Regulation
Presented by Nicholas S. Hodge and Skanthan Vivekananda
Mr. Vivekananda is an associate in the Boston office. He
concentrates his practice in derivatives, structured finance and
investment management. He may be reached at 617.951.9074
or skanthan.vivekananda@klgates.com.
11:30 am – 12:00 pm ERISA Developments
Presented by Mark J. Duggan
12:00 pm – 1:00 pm Lunch Break
1:00 pm – 3:45 pm Break-Out Sessions
Registered Fund Track/Private Fund Track
(choose one Track)
Registered Fund Track
1:00 pm – 1:45 pm Board of Directors and Fund Governance Issues
Presented by Mark P. Goshko and George P. Attisano
 Risk Assessments
 Valuation Matters
Mr. Goshko is a partner in K&L Gates’ Boston office. He focuses his
practice on investment management law, including the representation
of registered open- and closed-end investment companies, investment
company directors, unregistered hedge funds and other private investment
vehicles, investment advisers, broker-dealers and banks. He deals regularly
with the SEC, the FINRA, the Commodity Futures Trading Commission,
the National Futures Association, the New York Stock Exchange and other
regulatory agencies and organizations. Mr. Goshko counsels hedge funds
and their advisers on a broad range of issues and has extensive experience
working with both onshore and offshore hedge funds, as well as a variety
of master-feeder funds and funds of funds. He may be reached at
617.261.3163 or mark.goshko@klgates.com.
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Boston, Massachusetts
THURSDAY, NOVEMBER 3, 2011
(All times Eastern Daylight Time)
Mr. Attisano is counsel in the firm’s Boston office. He focuses his
practice on various issues and matters under the Investment Company
Act and the Investment Advisers Act. Mr. Attisano has extensive
experience with a wide variety of SEC filings, including registration
statements, proxies and shareholder reports. He has counseled openend and closed-end fund boards on a variety of legal issues. He also
has counseled funds and investment advisers on developing new
products and in connection with SEC staff examinations, preparing
responses to SEC inquiries and addressing issues raised in SEC staff
deficiency letters. He may be reached at 617.261.3240 or george.
attisano@klgates.com.
1:45 pm – 2:15 pm CFTC Registration Issues (CPOs, CTAs, Swaps)
Presented by Mark P. Goshko and Stuart E. Fross
2:15 pm – 2:30 pm
BREAK
2:30 pm – 3:00 pm SPECIAL ISSUES FOR CLOSED-END FUNDS
Presented by Trayne S. Wheeler and W. Shaw McDermott
Mr. Wheeler is a partner in K&L Gates’ Boston office. Mr. Wheeler’s
practice focuses on advising registered investment companies and
hedge funds, investment advisers, broker-dealers and other financial
service providers. Mr. Wheeler advises mutual fund complexes on
various regulatory and compliance matters including registration,
mergers and reorganizations, and negotiations with fund serviceproviders. Mr. Wheeler also has experience with the launching of new
mutual funds and hedge funds and has drafted numerous offering
documents and registration statements for open- and closed-end
investment companies. Mr. Wheeler has acted as Fund counsel and
independent director counsel for various mutual fund complexes.
You may reach him at 617.951.9068 or trayne.wheeler@klgates.com.
Mr. McDermott is a partner in the Boston office who handles complex
civil litigation. His experience extends to trials and appeals in the state
and federal courts on commercial, real estate, zoning, banking, first
amendment, medical malpractice, toxic tort, probate, and employment
matters. In financial services cases, Mr. McDermott has represented
underwriters, broker/dealers, banks, mortgage companies, officers,
directors, professional advisors and individuals in class action and
complex federal court cases involving allegations of lender liability,
violations of RICO and claims under the securities laws and other
statutes. He may be reached at 617.261.3120 or shaw.mcdermott@
klgates.com.
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Boston, Massachusetts
THURSDAY, NOVEMBER 3, 2011
(All times Eastern Daylight Time)
3:00 pm – 3:45 pm Non-Traditional Products
Presented by Joel D. Almquist, Mark J. Duggan and George Zornada
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Exchange-Traded Funds
Registered Funds of Hedge Funds
Collective Investment Trusts
Commodity Pools
Tax Issues
Mr. Almquist, a partner in the Boston office, counsels clients on a full range
of domestic and cross-border tax issues. Mr. Almquist advises clients on
the tax aspects of public and private asset management transactions,
including open-end and closed-end mutual funds, hedge funds, private
equity funds and funds involving special alternative investment strategies.
He may be reached at 617.261.3104 or joel.almquist@klgates.com.
3:45 pm – 3:55 pm Break
Private Fund Track
1:00 pm – 1:45 pm Private Fund Industry and Regulatory Developments (New Focus, New Products)
Presented by Nicholas S. Hodge
1:45 pm – 2:15 pm Current SEC Adviser Issues
Presented by Michael S. Caccese
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Registration Issues
Advertising Private Funds
SMAs/Registered Representatives
Dual Registrants
2:15 pm – 2:30 pm Break
2:30 pm – 3
:00 pm Form ADV Amendments and Implementation
Presented by Mark J. Duggan and Kenneth G. Juster
Mr. Juster, an associate in the Boston office, resident in the Boston
office focuses his practice on advising clients in the financial services
industry, including private domestic and offshore investment funds,
broker-dealers, investment advisers and registered funds. You may
reach him at 617.1261.3296 or ken.juster@klgates.com.
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Boston, Massachusetts
THURSDAY, NOVEMBER 3, 2011
(All times Eastern Daylight Time)
3:00 pm – 3:45 pm SEC Inspections/Focus Points (Conflicts of Interest, Valuation, Side Letters)
Presented by: Michael S. Caccese and Nicholas S. Hodge
3:45 pm – 3:55 pm Break
3:55 pm – 4:45 pm Plenary Sessions
International Investing Issues and Non U.S. Money Manager Regulation
Presented by Michael S. Caccese and Stuart E. Fross
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