Main Conference Day 1: Thursday, April 28, 2011
9:00 Registration & Coffee
10:00 New Money, New Players: Navigating The Shifting
Investor Landscape Of Life Settlements And Longevity-
Based Investing
- How is the life settlements market maturing?
- How sustainable is the current wave of distressed opportunistic investing?
- Where is the new capital coming from? What can we learn from recent and current deals being executed?
- Mapping the new investor landscape and key potential players of the future:
- Private equity investors
- Institutional investors: U.S. and international pension funds
- Asset managers and private wealth managers
- Hedge funds
- Offshore investors
- Asian investors
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Stephen D. Stanton
Chairman
Trinity Life Settlements LLC (Moderator)
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Stephen Farrier
Principal
Madison Strategic Partners
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Jack Kelly
Managing Director
Institutional Life Markets Association (ILMA)
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Zach Murphy
CRE & Longevity Desk
Silver Point Capital LP
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10:45 Morning Networking Break
11:30 New Government, New Regulations? Understanding
The Newly Emerging Regulatory Landscape And The
Implications For Life Settlement Investors
- The impact of new government on life settlement and longevity market dynamics:
- Will the new congress succeed in stimulating more growth and capital flow?
- Update on developments within the Financial Services Reform Bill and the potential impact on life settlements
- SEC update:
- Follow-up to the life settlements task force’s findings
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Doug Head
Consultant, Former Executive Director
Life Insurance Settlement Association (LISA)
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1:15 Keeping Abreast Of The Latest Tax Strategies For Life
Settlement Portfolios
- New government, new taxes? Potential new developments impacting life settlements
- Review and update of IRS revenue rulings relevant to life settlement holdings
- Update on tax regulations impacting offshore vehicles and non-treaty based investments
- Taxation issues relating to life synthetic assets
Kirk Van Brunt
Partner
Locke Lord Bissell & Liddell LLP
2.00 Insights From The Offshore And International Life
Settlement Investment Community
- Industry initiatives to promote international and cross-border transparency in life settlement transactions
- Improving investor education : update on new international best practices
- International perspectives on underwriting life expectancy and managing longevity risk
- Longevity-based investing in Europe: what lessons can be learnt for U.S. investors?
- European pension funds and longevity swaps
- Emerging trends in offshore investing
| David Rawson-MacKenzie
Director
Centurion Fund Managers, Ltd(Moderator)
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Patrick McAdams
Investment Director, SL Investment Management; Chairman
European Life Settlements Association (ELSA)
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2.45 Afternoon Networking Break
3.15 How Are Hedge Funds Investing In Liquid And Illiquid
Life Settlement Assets?
- Fund manager perspectives on managing downside risk, including cash flow risk
- Hedge fund perspectives on distressed opportunities in life settlements
- Using life settlements as SMAs (separately managed accounts)
- Bridging liquid and illiquid investments through hybrid funds
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Kyle Shostak
Director
Rigi Capital Partners (Moderator)
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Phil Hall
Managing Director
Highland Capital Management LP
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4.00 Assessing The Performance Of Life Settlements As An
Asset Class
Life settlements lack transparency as an asset class. This session will provide
insights on past performance of this asset class, and an overview of the
current market situation in terms of IRR, market activity, face value brackets,
trade activity per gender and age, and more.
Beat Hess
Managing Partner
AA-Partners Ltd