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2003 Funds World Africa

Agenda

The Funds World Africa conference is perfectly positioned to capitalise on the tremendous growth the funds market is experiencing worldwide. Highly acclaimed by speakers, delegates, sponsors and the media, the series is recognised as the most authoritative funds forum. It brings together key decisionmakers in Africa and leading international players to share their expertise and to forge invaluable business relationships in a highly interactive environment.

The event offers a unique opportunity to gain access to new markets and new clients.

5 Significant reasons to attend

1.	Lead and shape the market – influence industry direction with your views and establish your presence at Africa ’s leading funds event
2.	Meet other leaders and professionals in an informal environment: An ideal place to do business and exchange information
3.	Gain access to new markets
4.	Network with senior audiences in the finance, government project development and consultancy sectors
5.	Enhance your personal and public image as a recognised leader at a reputable event run by a trusted organisation

Who should attend?

Industries: Fund managers, prime brokers, fund of funds, administrators, hedge funds, exchanges, advisors, custodians, consultants, lawyers, technology providers, accountants, government and information providers. Job titles: Head of funds, head of alternative investments, chief executive officers, chief investment officers, chief operating officers, managing directors, executive directors, directors, presidents, vice presidents, portfolio managers, risk managers and analysts. Investors: Fund managers, pension funds, institutional asset managers, endowment and foundations, managed funds, insurance companies, family offices and high net worth individuals.

Our keynotes include:

Edward Mullen , Northstar Global Partners, United States of America and Europe

John Townsend , The Aspect Fund , United Kingdom

Hans van den Berg , Venture Partners, Switzerland

Chris Nguyen , Sylvan Learning , United States of America

Alan Bufferd , Massachusetts Institute of Technology, United States of America

Marc Goldberg , Reuters Venture Capital, United Kingdom and France

Day One Wednesday 18 June 2003
08:00	Registration
08:45	Opening remarks from the day one chairperson and conference chairman Edward Mullen Chairman Northstar Global Partners, USA and Europe
THE IMPORTANCE OF FOREIGN DIRECT INVESTMENT (FDI) FOR AFRICA : PROMOTE, ATTRACT AND USE FDI
International keynote address
09:00	An economic strategy for Africa as an emerging growth region Managing and profiting from globalisation Nurturing entrepreneurial and emerging growth companies to prosper in the future Attracting international investment funds to Africa and using them to the maximum benefit Building domestic investment funds to compliment and aid FDI plans Case study: Singapore versus Saudi Arabia Edward Mullen Chairman Northstar Global Partners, USA and Europe
International keynote address
09:45	How Africa ’s governments and companies can attract investors The formula for growth and success: Education + investment + entrepreneurship Addressing knowledge economies Growing countries, regions and individual businesses through education-entrepreneurial clusters Nurturing minds and stopping the brain drain Identifying the required conditions: Rule of law, tax policies, fostering entrepreneurship, political leadership, economic policy and stability Case studies: Cambridge, Massachusetts, Munich, Dubli , Israel, Spain and Singapore Allan Bufferd Treasurer Massachusetts Institute of Technology , USA
10:30	Morning tea and refreshments
International keynote address
11:00	Proven strategies for investors and entrepreneurs in Africa Discussing an overview of venture investing Identifying investment returns and expectations Positioning your company for venture investment in Africa Due diligence: What should be expected from all parties? Discussing the terms and conditions Identifying other sources of investment and growth capital Hans van den Berg Senior Partner Venture Partners, Switzerland
International keynote address
11:45	Driving growth and success in portfolio companies Exposing the best investment strategy Managing and overseeing portfolio companies Expanding sales to European and US markets What are the increased expectations for local management? Chris Nguyen Vice President Sylvan Learning , USA
12:30	Networking luncheon
International keynote address
13:30	Planning for exits and realising profits to attract additional capital investment Identifying successful exit strategies Discussing private sales and public offerings as alternatives Stressing the importance of timing and other conditions Perfecting the strategy: Analysis, methods and tactics John Townsend General Partner The Aspect Fund , United Kingdom
International keynote address
14:15	Technology and investment opportunities and trends Analysing global trends to follow the money – This is where Africa must go! Identifying the key technology trends Elaborating on the key investment trends and expectations The key factors: Communications – materials – biology Marc Goldberg Partner Reuters Venture Capital, United Kingdom and France
HOW DOES AFRICA COMPARE TO OTHER EMERGING MARKETS AND GLOBALLY?
15:00	Panel discussion: Overcoming challenging market conditions – do the stock exchanges have a strategic vision for Africa ’s funds? Overcoming demanding market conditions Becoming a world contender: How to compete for investors, business, skilled people, entrepreneurs and image Strategic planning with a global vision and local finesse Ensuring transparent governments Classifying the influence of trade organisations Dr Tebogo Matome , CEO, Botswana Stock Exchange , Botswana Sunil Benimadhu , CEO, Stock Exchange of Mauritius , Mauritius Simon Rutega , CEO, Uganda Stock Exchange , Uganda Emmanuel Munyukwi , CEO, Zimbabwe Stock Exchange , Zimbabwe Peter Urbani , Head of Strategy, Fairheads Asset Management, South Africa
SOUTH AFRICA : COLLECTIVE INVESTMENT SCHEMES
15:45	What does the CIS Control Act mean for investors? Defining the specific duties placed on trustees and custodians CIS securities, property and participation bonds Foreign CIS: Identifying the general principals Addressing advisory committees and industry associations Defining the applicability of the CIS Control Act to other laws Diane Bouwmeester Professional Assistant Werksmans Attorneys, South Africa
16:00	Afternoon tea and refreshments
16:30	Interactive session: The CIS Control Act hedge fund interface: Preparing for greater innovation and introducing new investment vehicles Hedge funds versus traditional investing Evaluating the regulatory environment for hedge funds Identifying the potential for South African hedge funds Alan Da Costa Director Werksmans Attorneys, South Africa
17:00	Interactive session: TAX and its implications on CIS: What should the fund manager be aware of? Evaluating tax legislative changes What capital gains and income tax implications should the CIS manager be aware of? CIS in securities, property and participation bonds Using a trust versus an open-ended investment company Tax implications for resident and non-resident investors Addressing and debating the opportunities for foreign CIS Ernest Lai King Director Werksmans Attorneys, South Africa
17:30	Closing remarks from the chairperson and close of day one

Day Two Thursday 19 June 2003
08:00	Registration Conference chairman: Edward Mullen Chairman Northstar Global Partners , USA and Europe
08:45	Opening remarks from the day two chairperson Ian Morley Chairman Dawnay Day Olympia , United Kingdom
THE AFRICAN INVESTMENT MARKET: ADDRESSING KEY INFLUENCIAL FACTORS
09:00	Understanding who is shaping the investment climate in Africa : A biography of selected politicians Who is who in the zoo? South Africa , Africa and internationally – who is calling the shots? Which regions in Africa are promising, and how do their standards compare internationally? What progress can be expected from the African arena and what impact will it have on global initiatives? Case studies: Which politicians have set the examples that are expected by the fund industry Dries van Heerden Political Analyst , South Africa
09:45	Achieving strategic advantage through black economic empowerment Should the black economic empowerment charter be enforced on international companies trading in South Africa ? Are there advantages of a black economic empowerment strategy for global corporations? What is the effect of black economic empowerment on fund management in South Africa ? Addressing the advantages and disadvantages of a well organised black economic empowerment strategy Can black economic empowerment be used to create competitive advantage? Jenny Cargill Director BusinessMap Investment Strategy Advisers, South Africa
10:30	Morning tea and refreshments
LEVERAGING PENSION FUNDS IN SUB-SAHARAN AFRICA
11:00	Raising the level of professionalism: Evaluating the duties and responsibilities of pension fund trustees How have the duties and responsibilities of pension fund trustees changed? Expanding the scope: Addressing the additional tasks laid before the pension fund trustees and why Managing the changes affecting the position of pension fund trustees in the trading market What are the advantages and disadvantages of the transformation that has taken place Taking responsibility: How do African pension fund trustees shape up to international standards? Tony Bell Director: Investment Strategy Peregrine Quant , South Africa
International keynote address
11:45	A critique of retirement fund performances over the past 10 years: Positioning Sub-Saharan Africa in international markets to create and maintain high-level market standards Comparing and evaluating African retirement funds Addressing AIDS, discrimination and other influencing characteristics and discussing their impact on fund performances How do African retirement fund performances shape up to international standards Evaluating case studies that can be used as benchmarks for the retirement fund market Frank Terblanche Director: Africa and Emerging Markets Stanlib Wealth Management, South Africa
12:30	Networking luncheon
AFRICAN INVESTOR STRATEGY: ADVICE TO CONSIDER FOR PORTFOLIO OPTIMISATION
13:30	Defining value at risk and evaluating how good a predictor it is for fund managers Penalising upside, as well as downside risk equally, how appropriate is annualised standard deviation? Leading to more appropriate asset allocation: VaR and other tail risk measures Calculating VaR fairly easily in standard packages such as Excel Understanding the more advanced issues: The assumption of normality in the case of hedge funds Discussing the JP Morgan – Risk Metrics method Discussing stress testing methods Peter Urbani Head of Strategy Fairheads Asset Management, South Africa
14:30	Afternoon tea and refreshments
15:00	Identifying the hidden costs of investing to deal wisely and securely with a profit-orientated strategy Experience tells all: Identifying the dynamic factors influencing your investment, positively and negatively What basic principals should always be kept in mind? Implementing basic risk management strategies that can be applied in most cases Evaluating the best portfolio management techniques for optimum investment performance Benchmarking your investment strategy to best practice case studies Nkem Ajoku Group Head: Corporate Finance MannyBank , Nigeria
16:00	Implementing best corporate governance practices by learning from bad corporate governance case studies “You heard all about King II, now realise why you can’t ignore it!” In this riveting case study driven session, John Barry will expose national corporate disasters as an incentive for good governance practices. This session is designed to make the audience sit up and notice the disasters that can occur if their corporate governance policy is not up to par. In an effort to promote honesty and integrity amongst senior decision-makers, John will emphasise the importance of the role that non-executive directors play in setting good governance standards. You cannot afford to miss this controversial presentation that has been scheduled for you to address those burning questions! John K Barry Director Simeka Investment Holdings, South Africa
17:00	Closing remarks from the chairperson and close of the conference

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