Boston, Massachusetts
FRIDAY, NOVEMBER 2, 2012
(All times Eastern Daylight Time)
ADVANCED TOPICS IN INVESTMENT MANAGEMENT
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 brokerdealer 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 – 9:45 am Financial Industry Developments and SEC Initiatives and Rulemaking
Presented by Stuart E. Fross and Nicholas S. Hodge
 Jumpstart Our Business Startups (JOBS) Act
 New and Proposed Rules (Qualified Client Definition)
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.
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Boston, Massachusetts
FRIDAY, NOVEMBER 2, 2012
(All times Eastern Daylight Time)
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.
9:45 am – 10:30 am Dodd-Frank Impact on CFTC Regulation
Presented by Michael S. Caccese and Michael W. McGrath
 CPO and CTA Regulation Exemption Changes
 CPO/CTA Registration
 SEC/CFTC Regulatory Harmonization
Mr. McGrath is counsel in the Boston office. He practices in the area of
investment management and securities law, and focuses on advising
investment advisers and other clients in the financial services industry on
the legal and regulatory aspects of their global operations. Mr. McGrath
also advises clients with respect to the structuring and operation of
mutual funds, hedge funds, and private equity funds. He may be reached
at michael.mcgrath@klgates.com or 617.951.9123.
10:30 am – 10:45 am Break
10:45 am – 11:30 am SEC Asset Management Unit, SEC Focus Points and Developments in Enforcement
Presented by Luke T. Cadigan and Nicholas S. Hodge
Mr. Cadigan is a partner in the Boston office who is an experienced
trial attorney and litigator. He concentrates his practice on securities
enforcement matters, internal investigations, regulatory compliance,
and related litigation. Prior to joining K&L Gates, Mr. Cadigan was an
Assistant Director in the Enforcement Division of the Securities and
Exchange Commission, serving that role in both the Boston Regional
Office and in the SEC’s Foreign Corrupt Practices Act Unit. He managed
investigations conducted by staff attorneys and accountants into, among
other things, matters relating to investment advisers, broker-dealers,
insider trading, accounting fraud, offering fraud, and whistleblower
complaints. Mr. Cadigan also oversaw investigations into potential
FCPA violations and, serving as a member of the agency’s Cross
Border Working Group, he supervised investigations into the accounting
practices of Chinese and other foreign companies trading on US markets.
He may be reached at luke.cadigan@klgates.com or 617.261.3118.
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Boston, Massachusetts
FRIDAY, NOVEMBER 2, 2012
(All times Eastern Daylight Time)
11:30 am – 12:15 pm Registered Fund Board of Directors and Fund Governance Issues
Presented by Stuart E. Fross, Mark P. Goshko and Clair E. Pagnano
 Ameriprise Case
 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.
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.
12:15 pm – 1:15 pm Lunch Break
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Boston, Massachusetts
FRIDAY, NOVEMBER 2, 2012
(All times Eastern Daylight Time)
1:15 pm – 2:00 pm Dodd-Frank Impact on Derivatives Regulation
Presented by Michael W. McGrath and Skanthan Vivekananda
 ISDA Protocol Harmonization
 Recordkeeping Requirements
 Swaps Clearing Mandates
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.
2:00 pm – 2:30 pm Alternative Products
Presented by Mark J. Duggan, Stuart E. Fross and George Zornada
 Registered Funds of Hedge Funds
 Collective Investment Trusts
 Stable Value Funds
Mr. Duggan is a partner 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.
Mr. Zornada is a partner in the Boston office who 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.
2:30 pm – 2:45 pm Break
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Boston, Massachusetts
FRIDAY, NOVEMBER 2, 2012
(All times Eastern Daylight Time)
2:45 pm – 3:15 pm DOL and ERISA 408(b)(2) / 404a-5 and Other Developments
Presented by Mark J. Duggan
3:15 pm – 3:45 pm Special Issues for Closed-End Registered Funds
Presented by Clair E. Pagnano and Trayne S. Wheeler
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.
3:45 pm – 4:15 pm Broker-Dealer Regulation
Presented by Michael S. Caccese and Kenneth G. Juster
Mr. Juster, an associate 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.
4:15 pm – 4:45 pm International Investing issues, Non-US Money Manager Regulation and AIFMD
Presented by Stuart E. Fross
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