Advancing the Field of Quantitative Finance
formerly the IAFE

Event: Operational Risk Committee Event- Opportunities and Challenges in Hedge Fund Investing
Date: December 12, 2011
Morgan Stanley

750 7th Avenue, 4th Floor

New York, Ny 10019


The International Association of Financial Engineers is pleased to invite you to

Operational Risk Committee Event:

Opportunities and Challenges in Hedge Fund Investing


December 12, 2011

5:30 PM-Registration/Coffee

6:00 PM-Event

7:30 PM-Reception

Morgan Stanley

750 7th Avenue, 4th Floor

New York, Ny 10019


Michael Ruetz, CFA,
Director of Risk Management and Asset Allocation
North Carolina Retirement System

Jae Yoon
Senior Managing Director
New York Life Investments

Steven L. Ezzes
Managing Director, Product Manager
Mariner Investment Group

Global market conditions characterized by elevated market volatility and diminished return prospects continue to create investment challenges. Many institutions are increasing allocations to hedge funds with the hope of mitigating risk, increasing diversification, and enhancing return prospects.The opportunities and challenges faced by public and private pensions, endowments, foundations and other institutional investors in constructing appropriate and well considered hedge fund exposures continue to be significant.

What improvements to investment process, oversight and guideline monitoring should be implemented by institutional investors when investing in hedge funds?

Will the rapidly changing regulatory environment (Dodd-Frank, Volker Rule, etc.) and the migration of investment talent from bank proprietary trading to the hedge fund industry create investment opportunities?
How do institutional investors assess the operational risk of their hedge fund investments?