Boston, Massachusetts
WEDNESDAY, DECEMBER 11, 2013
(All times Eastern Standard Time)
ADVANCED TOPICS IN INVESTMENT MANAGEMENT
9:00 am – 9:05 amWelcome 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 Michael S. Caccese, Nicholas S. Hodge and Paulo J. Marnoto

Jumpstart Our Business Startups (JOBS) Act and The Dodd-Frank Wall Street Reform
and Consumer Protection Act
 Final Rule: Eliminating the General Solicitation and General Advertising Prohibitions
 Final Rule: Disqualification of Felons and Other "Bad Actors"
 Proposed Rules: Amendments to Regulation D, Form D and Rule 156
Mr. Hodge is a partner in the Boston office and concentrates his practice
on 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.
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Boston, Massachusetts
WEDNESDAY, DECEMBER 11, 2013
(All times Eastern Standard Time)
Mr. Marnoto is a partner in the Boston office. He focuses his practice on
private investment funds. Mr. Marnoto has extensive experience in the
areas of fund formation and fund investing, venture capital, buyout and
international transactions, general corporate law, securities transactions,
and securities law compliance. Mr. Marnoto has served as outside
counsel to several funds and funds-of-funds, investment managers, and
institutional investors with respect to investments, securities transactions,
and securities law compliance. He may be reached at 617.261.3245 or
paul.marnoto@klgates.com.
9:45 am – 10:15 am Current Issues in CFTC Regulation
Presented by Michael S. Caccese and Michael W. McGrath
 CPO/CTA Registration
 Fund of Funds Guidance
 SEC/CFTC Regulatory Harmonization
Mr. McGrath is of counsel in the Boston office. He practices in the
area of investment management and securities law, and focuses
on counseling institutional investment firms, private fund managers,
commodity pool operators and broker-dealers in connection with
regulatory aspects of their U.S. and 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
617.951.9123 or michael.mcgrath@klgates.com.
10:15 am – 10:30 am Break
10:30 am – 11:15 am SEC Asset Management Unit and Exam Program Areas of Focus for 2014
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 617.261.3118 or luke.cadigan@klgates.com.
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Boston, Massachusetts
WEDNESDAY, DECEMBER 11, 2013
(All times Eastern Standard Time)
11:15 am – 12:00 pm Registered Fund Board of Directors and Fund Governance Issues
Presented by Mark P. Goshko and Clair E. Pagnano
 Valuation Matters—Morgan Keegan Directors Settlement
 Section 15(c) Matters—Northern Lights
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.
12:00 pm – 1:00 pm Lunch Break
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Boston, Massachusetts
WEDNESDAY, DECEMBER 11, 2013
(All times Eastern Standard Time)
1:00 pm – 1:30 pm Money Market Fund Reform
Presented by Clair E. Pagnano and George P. Attisano
Mr. Attisano is counsel in the Boston office. His practice focuses on
a wide variety of issues under the Investment Company Act and the
Investment Advisers Act, and fund-related issues under the Securities
Act and Exchange Act, as well as NYSE and FINRA regulation. Mr.
Attisano has extensive experience with fund reorganizations and
liquidations. He assists registered fund clients in preparing a wide
variety of SEC disclosure filings, including registration statements and
supplements, proxy statements, information statements, shareholder
reports and XBRL filings. He has provided advice on fund governance,
including annual questionnaires and interested person issues. Mr.
Attisano has participated in fund board meetings as fund counsel and
as independent trustee counsel. He has advised 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.
1:30 pm – 2:25 pm Dodd-Frank Impact on Derivatives Regulation
Presented by Michael W. McGrath, Sean P. Donovan-Smith and Skanthan Vivekananda
 Cross-Border Security-Based Swap Activities
 ISDA Protocols
 Swaps Clearing Mandates
EMIR/MiFID
 EU Central Clearing and Trade Reporting: EMIR
 Exchange Trading Obligations: MiFID Review
 Futurization
Mr. Donovan-Smith is a partner in the London office. He is a financial
services lawyer with over 15 years’ experience in the financial services
industry, having acted for a range of clients including funds, managers,
advisers, and institutional investors. Mr. Donovan-Smith focuses
his practice in financial services and markets regulatory advice,
regulatory enforcement and investigations, advising on regulated and
unregulated funds, and the international marketing of funds and other
financial products. You may reach him at +44.(0)20.7360.8202 or sean.
donovan-smith@klgates.com.
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.
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Boston, Massachusetts
WEDNESDAY, DECEMBER 11, 2013
(All times Eastern Standard Time)
2:25 pm – 2:40 pm Break
2:40 pm – 3:10 pm Alternative Products/Registered Funds with Alternative Strategies
Presented by Clair E. Pagnano and George Zornada
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.
3:10 pm – 3:40 pm Special Issues for Closed-End Registered Funds
Presented by 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.
He may be reached at 617.951.9068 or trayne.wheeler@klgates.com.
3:40 pm – 4:15 pm DOL, ERISA and Tax Developments
Presented by Mark J. Duggan and Joel D. Almquist
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.
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Boston, Massachusetts
WEDNESDAY, DECEMBER 11, 2013
(All times Eastern Standard Time)
Mr. Almquist is a partner in the Boston office who 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. Representative offerings involve U.S. and
non-U.S. organized entities, master-feeder structures, fund-of-funds
strategies, notional principal contracts and other derivative products, tax
hybrid entities and other customized offshore structures. Mr. Almquist
also provides clients with tax advice in connection with acquisitions,
dispositions, reorganizations, financings and partnerships of every type
and structure, as well as providing family tax planning and representation
in tax controversies. In addition, Mr. Almquist’s corporate, finance and tax
practice includes the general representation of corporations, involving a
wide range of mergers and acquisitions, financing, real estate, licensing,
distribution, technology transfer, trade secret and regulatory matters. Mr.
Almquist also represents foreign companies and individuals and advises
them in structuring their business and investment enterprises in the United
States. He may be reached at 617.261.3104 or joel.almquist@klgates.
com.
4:15 pm – 4:45 pm
Broker-Dealer Regulatory Update
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. He may be reached at 617.1261.3296
or ken.juster@klgates.com.
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