March 1 & 2

Day 1
01 Mar 2018

Opening Remarks

Daniel Strachman
Operations for Alternatives

Market Outlook for the Alternative Investment Industry: An Analysis of Past, Present & Future Trends

John J. Mahon
Schulte Roth & Zabel LLP

Christopher Mendez
General Counsel and Chief Compliance Officer
Semper Capital Management

Steven A. Yadegari
Chief Operating Officer and General Counsel
Cramer Rosenthal McGlynn, LLC

Chad S. Elson
Managing Director
Dominion Capital LLC

  • Gauging the current state of the alternative investment market
    • Analyzing the impact of passive vehicles
    • Reaping the benefits from the shift toward unusual asset classes
    • Identifying new and hybrid products
  • Exploring how the alternative investment landscape has evolved in view of multi-national transactions
  • Survey of FinTech, automation & innovation, increased regulatory scrutiny and the rise of the institutional investor
  • Evaluating the contemporary marketplace for alternative-operations professionals
  • Assessing how managers can thrive in today’s competitive atmosphere


Jonathan D. McPike
Of Counsel
Taft Stettinius & Hollister LLP

Sal (Kislay) Shah
Partner Asset Management Services
Crowe Horwath LLP

Investor Insights on the Art of Criteria Assessments: Expectations, Aspirations and Realities

Kurt Spero
Chief Operating Officer
Citrine Capital Management, LLC
  • Understanding investor considerations when aiming to realize target returns in alternatives
  • Investigating what investors require on the due diligence and compliance fronts
  • Reviewing evolving investor expectations, and how to guarantee your firm is attractive in light of developing requirements
  • Meeting the demand for greater transparency and lower fees
  • Preparing for and responding to an ODD visit in the current climate

Navigating the Challenges of the Regulatory Abyss: Finding Solutions for Technological Dilemmas, International Coordination & Increased Oversight

Nathan Dean
Senior Government Political Analyst
Bloomberg Intelligence

Brian Kidd
Assistant Chief, Securities and Financial Fraud Section
U.S. Department of Justice

Alexandre Manfull
Assistant Director for Compliance Office of Foreign Control
U.S. Department of the Treasury

Kathleen McGovern
Senior Deputy Chief, Fraud Section
Department of Justice

Deborah S. Prutzman
Chief Executive Officer
The Regulatory Fundamentals Group LLC

  • Reconciling differing regulatory regimes
  • Assessing the impact of the Allen decision on international enforcement and prosecution
  • Analyzing the extraterritorial application of securities laws
  • Understanding why the lack of regulation has led to industry-wide self policing procedures
  •  Managing competing operational risks under CRS and FATCA and FFIs
  • Probing the global synchronization of disclosure regulations and other investor-disclosure related directives
  • Survey of examination trends and expectations under the Trump administration
  • Reviewing recent enforcement actions and looking at the next areas of federal focus
  • Measuring the cost of compliance and how mangers are coping with the fiduciary rule, FATCA and AML concerns
  • Shining the light on regulatory and compliance initiatives in Latin America

The Impact of Nationalism on International Financial Markets

John Sitilides
Trilogy Advisors LLC

The industry is scrambling to understand the impact of “deglobalization” on current regulatory regimes.  If nationalism continues to take root, what happens to cross-country “passport” regulatory efforts?  The resurgence of national autonomy, most notably, the UK’s referendum and the election of Donald Trump stateside, is affecting the advancement of the post-financial crisis regulatory plan.  This session will review the impact of diminishing interdependence on the markets at large.


2:15 MiFID II for Non-EU Managers: The Extension of the Senior Managers and Certification Regime in the UK

Lance Friedler
General Counsel and Chief Compliance Officer
Phoenix Investment Adviser LLC

Paul Ellis
Global Head of Regulatory
Product Development
HSBC Securities Services

It’s crunch time for the alternative investment community, as MiFID II will take effect in January of 2018.  Those not prepared will suffer the consequences of non-compliance.
  • Analyzing critical updates on which aspects of the reform non-EU fund managers need to know
  • Overview of new rules applicable to inducements for research and “soft dollar” commissions applied to research
  • Analyzing structures involving in-scope fund managers
  • Grasping the proposals from the FCA on broadening the scope of the rules on inducements
  • Comprehending the transparency obligations as they apply to non-equity financial instruments
2:15 Perfecting Data Management for Investment Operations

Michael Asher
Richard Fleischman & Associates

Creating a culture of data management is a critical competency in today’s investment culture, and problems with data are a common occurrence that can leave your business in ruins.  Further, from the top down, we’re being tasked to do more with less.  One way to achieve this is by creating a strong culture of data management.  The industry has been plagued with problems related to the management of data, but recent technological advancements have made solutions available.  Attend this session and learn how to cultivate a strong culture of data management and promote awareness of internal governance standards.
3:00 Addressing New Challenges for Investment Adviser Advertising Compliance: Analysis of the OCIE’s Risk Alert

Heidi Kaiser
Deputy General Counsel & COO
Campbell & Company

  • Considering changes to your compliance program to combat potential deficiencies
  • How to examine the adequacy of your disclosures provided to clients
  • Reviewing the most frequently violated advertising rule compliance regulations
3:00 Addressing Cybersecurity Demands and Information Security in an Insecure World: Policy and Implementation

Greg Ciaverelli
Private Advisors, LLC

Yohan Kim
President and COO
Richard Fleischman & Associates

  • Identifying realistic, implementable and budget-conscious cybersecurity strategies for alternatives based on scale and available capital
  • Assessing available technologies and making the business case to your team
  • Understanding cyber liability insurance products
  • Ascertaining who is motivated to attack investment management entities and classifying what they’re after
  • Ensuring that your data is protected when information leaves your firm
4:00 Cybersecurity Preparedness in the Wake of Global Ransomware Attacks

Alfred j. Saikali
Shook Hardy & Bacon L.L.P.

Steven H. Bruce
Managing Partner
ASC Advisors

Human behavior plays a huge role in leaving firms vulnerable to cyber incidents.  Join us for an interactive conversation with technologists and compliance experts on the importance of finding new ways to frame the cybersecurity conversation within the force of habit.  Points to be discussed include:
  • Reviewing recent actions from the SEC Office of Internet Enforcement
  • Reviewing cybersecurity in the news – a look at the recent uptick of ransomware attacks
  • Best practices for assessing the status of your cyber hygiene (password veracity, patching, inventory, access and controls
  • Meeting the demands of enhanced regulatory standards
  • Developing a cyber-incident response plan
  • Incorporating vendor due diligence into your compliance program
4:00 Appreciating The Importance of Ongoing Operational Due Diligence: Strategies for Allocators Pre-and-Post-Investment

Mitchell Clayton
Alternative Investment Analysis & Operational Due Diligence
Lazard Asset Management

Christopher Mendez
General Counsel and Chief Compliance Officer
Semper Capital Management

  • Designing ODD controls at your fund to impress and attract investors
  • Knowing how much of your control test data to divulge to investors
  • Identifying best practices for managers to best establish ongoing improvements in operations
  • Assessing the parade of new and emerging technologies that can be harnessed to assist with operations at your firm
4:45 Exploring New Compliance Initiatives in Data Management Capabilities

Rainford M. Knight, Ph.D.
Co-Founder & Managing Partner
Florida Institute of Finance, LLC

Adam J. Reback
Chief Compliance Officer
J. Goldman & Co., L.P.
  • Assessing how the DOJ and SEC use data analysis in investigations and enforcement
  • Reviewing the costs associated with poor data management practices across the alternative investment industry
  • Developing strong data management awareness within individual firms and the industry
  • Learning how strong data management governance can significantly reduce regulatory and cyber security risks
  • Understanding why a strong culture of data management at individual firms can result in significant increases in operational efficiencies
  • Using data management to promote to reduce operational spend
4:45 Making Dollars Out of Cents: Operational and Governance Best Practices for Increasing Efficiencies and Lowering Costs

Joseph Dutton
Wasserstein Debt Opportunities Management, LP

  • Integrating functionality across different groups, specifically operations, compliance, and risk management, in order to increase efficiency and reduce costs
  • Addressing talent management and current staffing considerations
  • Adapting the middle- and back-office to meet evolving investor demands
  • Tips for lowering the rising cost of compliance and fraud detection
  • Assessing the potential cost savings from outsourcing
Day 2
02 Mar 2018

Blockchain, Bitcoin and Cryptocurrency: The Evolving Regulatory Agenda

Michael D. Underhill
Chief Investment Officer
Capital Innovations, LLC

Oscar Jofre, Jr.
Co-Founder, President & CEO

  • Understanding the distributed ledger technology and the impact it will have on the alternative investment community
  • Analyzing enforcement actions and guidance regulators have introduced in this space under AML, derivatives, securities and tax laws
  • How to use crypto-ops to automate processes, reduce spend, and mitigate operational risks
  • Looking at the real impact of the distributed ledger technology in the transfer agency and clearing space
  • Reviewing the emergence of the blockchain asset as an alternative investment product

Reflections of a Former Federal Defendant: A Case for Ethical Vigilance and Responsible Global Investment

Rashmi Airan
Former Federal Defendant
Ethics Keynote

Paul E. Pelletier
(Former Chief of the Economic Crime Section
U.S. Attorney’s Office SDFL)
Pepper Hamilton LLP

Serina M. Vash
Former Acting Deputy Chief of the Criminal Division
GRC and General Counsel RANE

A former federal prosecutor and a former federal defendant join forces, sharing the experiences that led them to careers in the law, the decision that took them on vastly different journeys, and the understanding that ultimately brought them together.

Now, they speak side-by-side, sharing their insight and exploring the psychology behind ethical and unethical decision-making.  In this talk, they identify inflection points for individuals and organization where questions, interventions, knowledge or relationships can help you make better, more informed, and more ethical decisions.

Insider Trading: Political Intelligence as a New Enforcement Target

Arlo Devlin-Brown
Former Chief, Public Corruption Unit, U.S. Attorney’s Office, SDNY
Covington & Burling LLP

Salvatore G. Cincinelli
Supervisory Special Agent, Complex Financial Crimes Unit

Cynthia A. Marian
Former General Counsel and CCO, Civic Capital Advisors, LLC
General Counsel, Paragon Advisors Corp.

Andrew Bauer
Former Assistant United States Attorney, SDNY, Partner
Arnold & Porter Kaye Scholer LLP

  • Evaluating federal guidelines for trading of confidential information
  • When do government officials and employees have a duty to keep information confidential?
    • When do members and staff of the legislative bodies have a similar duty?
  • Analyzing civil and criminal enforcement cases post-Salman Do actual or expected campaign contributions satisfy Salman's personal benefit requirement?
    • Can expected post-government employment?
  • Assessing the risks in hiring political intelligence consultants?
    • How can they be mitigated?
  • Identifying what changes funds need to make to be in compliance and address new risks

Forecast on Tax Strategies: Considerations for Alternatives in the Era of Trump

Maury Cartine
Marcum LLP

Brian Sapadin
Executive Director of Hedge Fund Services

  • Current considerations that can impact your tax strategy
  • Comparing and contrasting
  • Forecasting the implications of proposed tax reform and assessing potential consequences for alternatives
  • Examining strategies from firms that have successfully lowered their tax burdens
  • Exploring tax considerations for U.S.-domiciled firms that are interested in entering the international marketplace
  • Taking a look at tax implications that arise from inversions



Bolstering Current Risk Assessment Practices:
Identifying Liability and Evaluating Testing Procedures

Christopher P. Meyering
Chief Legal Officer and Chief Compliance Officer
Sciens Capital Management

Sidney Wigfall
Founding Managing Partner
SCA Group

  • How to update you compliance framework with a risk-based model reasonably designed to comply with varying regulations
  • Determining what types of risk are present at your firm and knowing how to mitigate them
  • Identifying areas for modification to update your policies and procedures to address risk
  • Reviewing the OCIE Risk Alert outlining common compliance topics
  • Designing your periodic testing procedures to ensure the strength of your compliance program

The Evolution of Operational Due Diligence and Service Provider Oversight

Erin Simpson
Managing Director
Wilshire Associates

  • Understanding how ODD has changed in recent years
  • Defining the right ODD program for you
  • Evaluating modern cyber security risks – beyond policy review
  • Looking ahead at how ODD will continue to evolve going forward


Developing a Due Diligence Checklist
to Guarantee Service Provider Integrity

John F. Tobon
Deputy Special Agent in Charge
Homeland Security Investigations

  • Understanding investor due diligence and compliance requirements
  • Red flags that will steer investors away
  • Identifying and tracking potential conflicts of interest
  • Conducting site visits and extensive interviews with third party providers
  • Outlining today’s asset managers due diligence obligations

Revamping the Global Operations Model:
Seamlessly Scaling and Growing Your Business by Embracing Emerging Technologies

Dennis j. Westley
Managing Director
Apex Fund Services

  • Using technology to counteract the lack of standardization with automation and standardization
  • Embracing a collaborative approach to a centralized platform
  • Enhancing capital raising and distribution to grow your tech budgets
  • Improving transparency to increase investor confidence
  • Tips for scaling your business for greater growth

The Yates Memo Lives:
Exploring the Findings of Individual Culpability for Corporate Misconduct

Tracie A. Razzagone
Supervisory Special Agent

  • Examining the DOJ’s approach to corporate cooperation “credit”
  • Assessing the SEC’s staff prioritizing individual responsibility in enforcement actions
  • Reviewing the implications of the Och-Ziff settlement
  • Analyzing the role the DOJ and the SEC will play in setting standards and precedent for additional enforcement actions
  • Identifying potential risks in international operations
  • Ensuring your compliance team remains active in reviewing investment transactions
  • Pinpointing corruption risks by conducting diligence investigations

Evaluating the Challenges Relating to Valuation: Developing Best Practices to Achieve Operational Success

Adam Cohen
Managing Director, Asset Management
Perella Weinberg Partners

  • Establishing criteria for the use of third party valuation experts and knowing when to enlist their services
  • Overcoming challenges associated with proper valuation of illiquid assets
  • Easing regulatory and investor concerns stemming from valuation challenges
  • Examining valuation processes for specific classes of alternative assets