Programme

|| Day 1 || Day 2 ||

Day 1: 15 February, 2006

	09:00	Introduction and presentation of the programme

	09:45	The question of the value-added of funds of hedge funds

	11:30	Capacity and sustainability effects in the alternative industry

	14:30	Streams:

		- Asset Allocation: Asset allocation as a value proposal
		- Fund Picking: New tools for fund picking
		- Risk Management: The value-added of risk management

	17:30	Using hedge fund indices to implement allocation to the various hedge fund styles

	08:45	Workshops:

		- A: Critical factors of operational due diligence
		- B: The benefits of managed futures
		- C: Risk transparency for hedge fund investors: which indicators?
		- D: Including hedge fund strategies in institutional portfolios
		- E: Structured alternative investment

	10:40	Institutional investors' expectations with regards to alternative investments

	14:00	Portable beta and alpha packaging

	15:45	New requirements in terms of reporting, performance and risk measurement for hedge fund investments