2008 Hedge Funds Forum: What to Do About the Latest Developments

Forum Agenda

Continental Breakfast & Registration

8:00-8:30 am

Welcome & Opening Remarks

8:30-8:45 am

Enforcement Initiatives & Industry Best Practices

8:45-9:45 am

What's Happening in Congress?

9:45-10:45 am

Legislation regarding taxation of hedge funds (Rangel I through V), including carried interest, deferred fees, partial repeal of Unrelated Business Income Tax

Neal Bill taxing exchange traded notes (ETNs) as stalking horse for "reform" of taxation of derivatives

Break

10:45-11:00 am

An Analysis of Frauds: A Thorough Review of Specific Hedge Fund Frauds

11:00 am-12:00 pm

How were they perpetrated

How were they discovered

Timeline of legal/criminal actions

Settlements/outcomes

Luncheon

12:00-1:00 pm

Tax Issues

1:00-2:15 pm

Recent IRS guidance on taxation of fees and expenses

Master-feeder and fund of fund structures

Use of derivatives to avoid US taxations—FIRPTA

State taxation of hedge funds, particularly nonresident partners

Globalization

2:15 - 3:00 pm

Move to IFRS

Alternative asset categories

Break

3:00-3:15 pm

Financial Accounting Update

3:15-4:15 pm

FIN 48 and the potential demise of FASB

Valuation issues for "exotic" asset categories

How hedge funds' financial statements would look under IFRS

Negotiating Seed Money Transactions

4:15-5:00 pm

Forum Ends

5:00 pm