Chicago, Illinois
THURSDAY, NOVEMBER 4, 2010
(All times Central Standard Time)
8:30 am – 8:40 am WElCOME
Presented by: Alan Goldberg
Mr. Goldberg’s practice focuses on representing registered investment companies and their boards, investment advisers and sponsors to unregistered investment pools. Mr. Goldberg has experience handling all aspects of creating registered investment companies, and registering new investment advisers, including the establishment of compliance policies and procedures. He regularly prepares regulatory filings and applications on behalf of investment companies and investment advisers and has performed numerous comprehensive compliance reviews of investment advisers and investment companies. He routinely handles all aspects of investment adviser and fund merger transactions and all aspects of forming unregistered investment funds, including those that rely upon Section
3(c)(11) of the Investment Company Act. Mr. Goldberg is a frequent speaker on a variety of investment advisory, investment company and compliance topics.
You may reach him at 312.807.4227 or alan.goldberg@klgates.com.
8:40 am – 9:15 am OVERVIEW Of THE INVESTMENT MANAGEMENT INDUSTRY
AND THE RECENT CHANGES TO THE REGUlATORY SCHEME
Presented by: Alan Goldberg
9:15 am – 10:15 am NEW REGUlATIONS fOR INVESTMENT ADVISERS
Presented by: Alan Goldberg, Don Weiss and Carolyn Jayne
• New Form ADV
• Pay-to-Play
• Elimination of Private Fund Adviser Exemption
• Possible Adoption of Fiduciary Standard for Brokers
Mr. Weiss focuses on alternative investments serving hedge fund managers, commodity pool operators, private equity advisers and institutional investors.
He concentrates his practice on the business, corporate and regulatory needs of the investment management community and represents a variety of professional participants in the financial markets including investment advisers, commodity trading advisors, broker-dealers, introducing brokers, futures commission merchants and proprietary trading firms. Mr. Weiss also represents regulated entities and other market participants in disciplinary and enforcement matters before the Securities and Exchange Commission, Commodity Futures Trading
Commission, Financial Industry Regulatory Authority, National Futures
Association, exchanges and state agencies. You may reach him at 312.807.4303 or donald.weiss@klgates.com.
Carolyn Jayne concentrates her practice in corporate, securities and finance matters. In particular, she routinely handles all aspects of forming public and private investment funds and registering new investment advisers, including establishing compliance policies and procedures. She advises investment advisers, broker-dealers, commodity pool operators and commodity trading advisors on regulatory and compliance issues in connection with the Securities Act of 1933, the Investment Advisers Act of 1940, the Commodity Exchange Act of 1936, various state securities laws, and regulations of the Financial Industry Regulatory
Authority, the Commodity Futures Trading Commission and the National Futures
Association. Ms. Jayne also represents lenders and borrowers in corporate financing transactions, particularly financing for skilled nursing care facilities, and she assists various clients with a broad range of general corporate matters.
You may reach her at 312.807.4299 or carolyn.jayne@klgates.com.

Chicago, Illinois
THURSDAY, NOVEMBER 4, 2010
(All times Central Standard Time)
10:15 am – 11:15 am NEW REGUlATIONS fOR HEDGE fUNDS/HEDGE fUND ADVISERS
Presented by: Don Weiss and Carolyn Jayne
• Impact of Dodd-Frank
• The Volcker Rule
• SEC Registration Requirements
• New Recordkeeping and Reporting Requirements
• Recent Attention to Bank-Maintained Collective Funds
• Change to Accredited Investor/Qualified Client Status
11:15 am – 11:30 am BREAK
11:30 am – 12:15 pm ISSUES RElATED TO DERIVATIVES INVESTING
Presented by: Susan Gault-Brown
• SEC Study and its Impact on Registered Funds
• Dodd-Frank
Ms. Gault-Brown focuses on a variety of regulatory, transactional, and counseling matters involving the federal securities laws and ERISA.
Ms. Gault-Brown advises participants in the financial services industry, including investment advisers, private funds, registered open-end and closed-end funds, business development companies, investment banks, and brokerage firms. She joined the firm after three years at the Securities and Exchange Commission where she was a senior counsel in the Division of Investment Management’s Office of Chief Counsel. At the SEC, Ms.
Gault-Brown provided formal and informal interpretive guidance concerning the Investment Company Act and the Investment Advisers Act to registered and unregistered investment advisers, registered funds, private funds, commodity pools, and foreign securities and pension regulators.
Reach her on: 202.778-9083 or susan.gaultbrown@klgates.com.
12:15 pm – 1:30 pm lUNCH
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Chicago, Illinois
THURSDAY, NOVEMBER 4, 2010
(All times Central Standard Time)
1:30 pm – 2:30 pm RECENT DEVElOPMENTS IN THE INVESTMENT COMPANY WORlD
Presented by: Cameron S. Avery, Alan Goldberg and Paulita Pike
• Jones v. Harris
• Litigation, Including Closed-End Fund Demand Letters
• Board Oversight of Risk
• Focus on Target Date Funds
• Proposed Changes to Rule 12b-1
• Impact of Dodd-Frank Act on Registered Investment Companies
• Proxy Access Rule
Ms. Pike represents mutual funds and their boards as well as investment advisers and fund service providers throughout the country. Ms. Pike advises her clients on a broad range of issues including governance structures and practices, compliance issues,
D&O/E&O matters, communications with the press, self-evaluations and industry
“best practices,” fund service provider contracts and filings with the Securities and
Exchange Commission, fund mergers and “manager-of-managers” arrangements, regulatory investigations and inquiries, and matters arising from the Investment
Company Act of 1940 and the Investment Advisers Act of 1940. She is an adjunct professor at Northwestern University School of Law where she teaches a course, along with Paul Dykstra, on mutual fund regulation. Ms. Pike and Paul Dykstra were named Independent Counsel of the Year by Fund Directions in 2008. You may reach her at 312.781.6027 or paulita.pike@klgates.com.
Mr. Avery concentrates his practice primarily in representing and advising corporations, investment companies and their board members. In addition to serving as principal legal counsel to several dozen investment companies, including mutual funds and closed-end funds, he has extensive experience in public and private securities offerings, mergers and acquisitions and other major corporate transactions. Mr. Avery organized and represented two companies that each had the largest underwritten stock offering, as well as the largest initial public offering, at that time in the history of American business. He served as general counsel of
PathoGenesis Corporation, a Seattle-based pharmaceutical company, and was the principal outside counsel to the fifth-largest long distance telephone company.
You may reach him at 312.807.4302 or cameron.avery@klgates.com
2:30 PM – 3:00 PM CHANGES TO MONEY MARKET fUNDS
Presented by: Cameron S. Avery, Alan Goldberg and Kevin Bettsteller
• Amendments to Rule 2a-7
• Stress Testing
• Disclosures
• Know Your Customer Rules
Mr. Bettsteller’s practice focuses on advising registered and unregistered investment companies or their boards, investment advisers, broker-dealers and other financial service providers in connection with various regulatory, compliance and transactional matters. You may reach him at 312.807.4442 or kevin.bettsteller@klgates.com.
3:00 pm – 3:15 pm BREAK
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Chicago, Illinois
THURSDAY, NOVEMBER 4, 2010
(All times Central Standard Time)
3:15 pm – 3:45 pm DISTRIBUTION Of MUTUAl fUND SHARES
Presented by: Susan Gault-Brown
3:45 pm – 4:30 pm EXCHANGE TRADED fUNDS (ETfs)
Presented by: Francine J. Rosenberger
ETFs have gathered significant assets since their introduction in 1993. Many fund managers that don’t yet sponsor ETFs are establishing or considering establishing them. This presentation will cover what you need to know to start up an active or index-based ETF and introduce the newest
ETFs on the block—commodity and currency ETFs.
Ms. Rosenberger concentrates on regulatory and transactional matters involving mutual funds, closed-end funds, exchange traded funds (ETFs), investment |advisers and broker-dealers. Reach her on: 202.778.9187 or francine.rosenberger@klgates.com.
4:30 pm – 5:30 pm HOT TOPICS/REGUlATORY DEVElOPMENTS
Presen te d by: Alan Goldberg and David Glatz
Mr. Glatz concentrates his practice in securities law, mergers and acquisitions, and corporate governance matters. Mr. Glatz advises publicly traded companies on disclosure obligations, and counsels closed-end funds on initial public offerings and shelf offerings, including drafting registration statements and exchange listing applications and negotiating underwriting agreements. He also has extensive experience working with acquirers and sellers in negotiated merger, asset and stock transactions, including public company acquisitions, private deals and divisional carve-outs. You may reach him at 312.807.4295 or david.glatz@klgates.com.
5:30 pm – 6:30 pm RECEPTION
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