87342 cboe invitation 6w short · 2016-09-08 · special session: the outlook for hedge fund...

Please read the enclosed info

learn more about the 20

Management Conference. The

provided includes a comple

schedule, conference registrat

tion, hotel accommodation

travel related information. Th

website will be continually

reflect speaker confirmation

program features

Visit www.cboe.com/r

for the latest deta

annual21st

Risk Managementc o n f e r e n c e

Hyatt Regency Scottsdaleat Gainey Ranch

Scottsdale, AZ

March 6-9, 2005

www.cboe.com/rmcOn Bloomberg, type RMCA <GO>

Chicago Board Options Exchange • Chicago Board of Trade • Chicago Mercantile Exchange • onechicago

87342 CBOE invitation 6w_short 12/23/04 11:54 AM Page 2

Celebrating its twenty-first year, the Risk Management Conference, hosted jointly

by the Chicago Board Options Exchange, Chicago Board of Trade, Chicago

Mercantile Exchange and OneChicago, is one of the financial industry's leading

events. This conference is an educational forum where end users of derivatives

discuss the policies, tools and systems they use to manage risk exposures and

enhance yields. The conference provides an ideal setting for users and prospective

users of exchange-traded derivatives to network with their peers in an informal

environment where the most progressive information about risk management

can be exchanged.

The Risk Management Conference is the only derivatives conference of its kind

• Featuring a comprehensive futures and options educational series

• Offering sessions led by industry practitioners and researchers – no sales pitches

• Hosted by industry leaders who are dedicated to excellence in derivatives education

Whether you're interested in learning the latest risk management techniques,

or simply mastering the fundamentals, the 2005 Risk Management Conference will

be a valuable experience. If you are a financial professional looking to stay current

with trends and developments in the area of financial derivatives and their use in

managing risk, you must not miss this event.

Who should attend:

• Pension Plan Sponsors

• Portfolio Managers

• Foundation & Endowment Officials

• Mutual Fund Managers

• Corporate Treasury Executives

• Investment Advisors

• Chief Financial Officers

• Consultants

Please read the enclosed information to

learn more about the 2005 Risk

Management Conference. The information

provided includes a complete program

schedule, conference registration informa-

tion, hotel accommodations and other

travel related information. The conference

website will be continually updated to

reflect speaker confirmations and other

program features.

Visit www.cboe.com/rmc

for the latest details.


T h e

e

>

87342 CBOE invitation 6w_short 12/23/04 11:52 AM

11:30 - 12:45Analyzing the Relationship BetweenSwaps and Eurodollars - FILarry Grannan, Associate Director, InteresChicago Mercantile ExchangeJohn Labuszewski, Director, Research and Chicago Mercantile Exchange

Risk Analysis, Risk Measurement anRon Papernek, Market Strategist, RiskMetrDr. Sam Y. Chung, Senior Research AnalystSSARIS Advisors, LLC

Growth in Buy-Write Strategies - EQBrian G. McCoy, CFA, Vice President, ConnoWalter G. Sall, Chairman, Gateway Investm

12:45 - 2:00Lunch

2:15 - 3:30More Effective Hedging for MortgagA Better Approach for a New EnvironNicholas Ronalds, Senior Vice President, AB

Integrating Derivatives Into PensionApproval and Implementation - PPMJamison L. Smythe, Senior Investment OffRetirement System of MichiganBrian Chew, Director of Pension and Trust I

Analyzing and Trading VIX and RealiBruno Dupire, Quantitative Research, BlooSheldon Natenberg, Director of Education

3:30 - 3:45Break

Sunday, March 611:00 - noonRegistration for Fundamentals Workshop Series Participants

12:00 - 1:30Fundamental of Exchange Traded Derivatives - INPart 1 - Introduction to Financial FuturesPatricia J. Mosley, Director, Financial Market Development, Chicago Board of Trade

1:45 - 3:15Fundamental of Exchange Traded Derivatives - INPart 2 - Introduction to OptionsPaul B. Stephens, Director and Department Head, Institutional andInternational Marketing, Chicago Board Options Exchange

3:30 - 5:00Fundamental of Exchange Traded Derivatives - INPart 3 - Introduction to Equity Index FuturesJohn Labuszewski, Director, Research and Product Development, Chicago Mercantile Exchange

4:30 - 5:30General Conference Registration

6:00 - 8:00Opening Reception

Monday, March 77:30 - 8:00Conference Registration & Continental Breakfast

8:00 - 8:45Conference WelcomeWilliam J. Brodsky, Chairman & CEO, Chicago Board Options ExchangeCraig Donohue, CEO, Chicago Mercantile ExchangeBernard W. Dan, President & CEO, Chicago Board of Trade

8:45 - 9:30Opening Address - Peter F. Ricchiuti Clinical Professor of Business Administration, Assistant Dean A.B. Freeman School of Business, Tulane University

9:30 - 10:00Break

10:00 - 11:15Improving Portfolio Efficiency With Commodities - AITimothy Rudderow, President, Mt. Lucas Management Corporation

Derivatives as a Barometer of FOMC Rate Changes - FIJohn B. Carlson, Economic Advisor, Federal Reserve Bank of ClevelandWilliam R. Melick, Associate Professor of Economic, Kenyon College

Evaluating Options and Other Investments in the AssetAllocation Decision - EQPeng Chen, Managing Director, Chief Investment Officer, Ibbotson Associates Ronald M. Egalka, President and CEO, Rampart InvestmentManagement

11:15 - 11:30Break

AI = Alternative Investments Sessions that deal with

non-traditional asset classes such as hedge funds or

managed futures.

EQ = Equity Applications Sessions related to the use

of exchange-traded futures and options on equities and

equity indices.

FI = Fixed-Income Applications Sessions that focus

on exchange-traded futures and options on U.S. Treasury,

Eurodollar, swaps, or other interest rate related instruments.

IN = Introductory Sessions Sessions that cover basic

information on futures and options, such as terminology

and basic concepts.

PPM = Program and Policy Management Sessions that

discuss issues related to risk management programs and

derivative policy development and implementation.

CLASS KEY

program AGENDA


11:30 - 12:45Short-Term Interest Rate Futures – Mirroring the Yield Curve - FILarry Grannan, Associate Director, Interest Rate Products, Chicago Mercantile ExchangeJohn Labuszewski, Director, Research and Product Development, Chicago Mercantile Exchange

Risk Analysis, Risk Measurement and Risk Management - PPMRon Papernek, Market Strategist, RiskMetrics GroupDr. Sam Y. Chung, Senior Research Analyst and Advisory Board Member, SSARIS Advisors, LLC

Growth in Buy-Write Strategies - EQBrian G. McCoy, CFA, Vice President, Connors Investor Services, Inc.Walter G. Sall, Chairman, Gateway Investment Advisers

12:45 - 2:00Lunch

2:15 - 3:30More Effective Hedging for Mortgage-Backed Securities: A Better Approach for a New Environment - FINicholas Ronalds, Senior Vice President, ABN AMRO

Integrating Derivatives Into Pension Fund Management: Approval and Implementation - PPMJamison L. Smythe, Senior Investment Officer, Municipal Employees Retirement System of MichiganBrian Chew, Director of Pension and Trust Investments, Sempra Energy

Analyzing and Trading VIX and Realized Variance Futures - EQBruno Dupire, Quantitative Research, BloombergSheldon Natenberg, Director of Educational Programs, Chicago Trading Co.

3:30 - 3:45Break

3:45 - 5:00Managing Risk: Market Makers' Update on Trends and Issues - PPMDavid Johnson, Managing Director, Morgan Stanley

Capital Structure Arbitrage - EQIzzy Nelken, Super Computer Consulting, Inc.

3:45 - 5:00TBD

Tuesday, March 87:30 - 8:00Continental Breakfast

8:00 - 9:00Special Session: The Outlook for Hedge Fund Investment Management The hedge fund industry continues to attract record assets as institutionalinvestors increase their allocations to alternative investments. At the sametime, the industry is facing new issues related to regulation, compliance,transparency and the management of investment risks. Leading hedge fundmanagers discuss managing the operation and investment risks associatedwith the return opportunities in their respective diversified strategies,including the function of derivatives, while offering their perspectives intothe outlook for the industry. Moderator: Joseph G. Nicholas, J.D., Founder and Chairman, Hedge Fund Research, LLCPanelists:TBA

ge

9:15 - 10:30Trading Equity Derivatives: Timwith New Trading Strategies - EDaniel Gramza, President of Gramza and DMG Advisors

Analyzing the Relationship BetwSwaps and Eurodollars - FIJohn Labuszewski, Director, ResearchChicago Mercantile Exchange

9:15 - 10:30

10:30 - 10:45Break

10:45 - 12:00Active Management of Options Laura Friedman, Director of Portfolio Steven Marco, CFA, Portfolio Manage

Relative Value Trading Between Swaption Volatility - FIFidelio Tata, Ph. D.,Senior Vice PresideStrategy, HSBC

10:45 - 12:00

12:45 - 6:00Golf Tournament

7:30 - 10:00RMC Party


alme

unded

to

9:15 - 10:30Trading Equity Derivatives: Timing Strategies Gaining an Edgewith New Trading Strategies - EQDaniel Gramza, President of Gramza Capital Management, Inc. and DMG Advisors

Analyzing the Relationship Between Interest Rate Swaps and Eurodollars - FIJohn Labuszewski, Director, Research and Product Development, Chicago Mercantile Exchange

9:15 - 10:30

10:30 - 10:45Break

10:45 - 12:00Active Management of Options Positions - EQLaura Friedman, Director of Portfolio Management and Trading, CSFB VolarisSteven Marco, CFA, Portfolio Manager, Marco Investment Management, LLC

Relative Value Trading Between Treasury and Swaption Volatility - FIFidelio Tata, Ph. D.,Senior Vice President, Head of Interest Rates Derivatives Strategy, HSBC

10:45 - 12:00

12:45 - 6:00Golf Tournament

7:30 - 10:00RMC Party

Wednesday, March 97:30 - 8:00Continental Breakfast

8:00 - 9:00Keynote Address

Robert D. Hormats, Vice Chairman, Goldman Sachs

9:15 - 10:30Special Session: An End-User’s Guide to Single Stock FuturesSingle stock futures are now two years old. As the product continues todevelop, it has attracted many loyal followers. What have these active singlestock futures traders discovered about transferring risk and holding downcarrying costs? Why are they having so much success with the product?Moderator:Peter Borish, Chairman, OneChicago LLCPanelists:TBA

10:45 - 12:15Special Session: Institutional Investment Management 911: Where Do We Go From Here? As rising liabilities, staggering levels of under funding, and concerns aboutcapital preservation drive the debate over the pension fund crisis to a feverpitch, what is the current landscape for institutional investment manage-ment and what does the future hold? Have attitudes changed towardtraditional methods of managing risk and return in pension and endow-ment portfolios, and where do derivatives fall in the continuum? Caninstitutions afford to remain on the sidelines? Institutional investorsdiscuss their views on confronting the issues currently facing investmentmanagement as well as future developments.Moderator:Michael J. Clowes, Editorial Director, Pensions & InvestmentsPanelists:TBA

12:15Conference Ends

REGISTRATION FEE SCHEDULThe registration fee includes breakfaas a Conference gift for Conference dfee of $75 per person is in addition tohere to visit the golf tournament regof the Conference to receive the Con

If you are unable to attend the Risk Mattend in your place, or we will proviFebruary 4, 2005. After that date andfrom your refund. There will be no re

If you have any questions, please con

Early Registration (Be

Standard Registration (2/

On-Site Registration (3/4

REGISTRATION DISCOUNTS There is a 50% discount for qualifiedlisted below, you qualify for the end-registration fee schedule when you s• Corporate Treasurer • Pension, Foundation, or Endowmen• Portfolio or Money Manager • Institutional Investment Consultan

GOLF TOURNAMENT REGISTThe RMC golf tournament will be plaRanch Resort. To ensure that all RMCtournament, we must require a $75 pon the Conference registration form.

To secure a place in the golf tou

CPE CREDITS AVAILABLE This Conference is registered with thBy attending this Conference, you camaterials are required to attend this agenda by a specific code and range

HOTEL ACCOMMODATIONSThe 21st Annual Risk Management CoRanch located in Scottsdale, Arizonaagainst the majestic McDowell Mouof the Southwest.

Gainey Ranch features many amenit10 swimming pools, a sandy beach, agolf, world-class tennis, and the Son

The room rate is $255 per night (singrates, the Conference organizers andor before Thursday, February 3, 2005.general sale and rooms may sell out

Contact the Hyatt Regency Gainey Rwebsite at scottsdale.hyatt.com.

TRAVEL ACCOMMODATIONSBoth airfare and car rental reservatioagency. For further information, plea

American Express One1-800-553-0261Standard office hours are 8:00 am - tWhen making your reservations, plea


sday, March 9

akfast

s

s, Vice Chairman, Goldman Sachs

An End-User’s Guide to Single Stock Futureses are now two years old. As the product continues toracted many loyal followers. What have these active singleers discovered about transferring risk and holding downhy are they having so much success with the product?

rman, OneChicago LLC

Institutional Investment Management 911: o From Here? s, staggering levels of under funding, and concerns abouton drive the debate over the pension fund crisis to a fevercurrent landscape for institutional investment manage-

oes the future hold? Have attitudes changed towardds of managing risk and return in pension and endow-nd where do derivatives fall in the continuum? Can

d to remain on the sidelines? Institutional investorss on confronting the issues currently facing investment

well as future developments.

Editorial Director, Pensions & Investments

s

REGISTRATION FEE SCHEDULE The registration fee includes breakfasts, lunches, and Sunday and Tuesday evening events, as well as a Conference gift for Conference delegates and their spouses. The golf tournament registration fee of $75 per person is in addition to the registration fees outlined below. For complete details, clickhere to visit the golf tournament registration section of this site. Spouses must register in advance of the Conference to receive the Conference gift and gain admittance to the Conference events.

If you are unable to attend the Risk Management Conference, another individual from your firm mayattend in your place, or we will provide a full refund if your cancellation is received in writing prior toFebruary 4, 2005. After that date and before February 28, 2005 a $250 processing fee will be deductedfrom your refund. There will be no refunds distributed after February 28, 2005.

If you have any questions, please contact Theon Katsis at 312-435-3673 or [email protected].

Early Registration (Before 2/7/05) $1,000

Standard Registration (2/8/05 to 3/3/05) $1,500

On-Site Registration (3/4/05 to 3/9/05) $1,800

REGISTRATION DISCOUNTS There is a 50% discount for qualified delegates. If your job function matches any of the categories listed below, you qualify for the end-user discount. Just subtract 50% from the fees listed in the registration fee schedule when you send in your payment.• Corporate Treasurer • Pension, Foundation, or Endowment Fund Official • Portfolio or Money Manager • Institutional Investment Consultant

GOLF TOURNAMENT REGISTRATIONThe RMC golf tournament will be played on Tuesday afternoon onsite at the Hyatt Regency GaineyRanch Resort. To ensure that all RMC delegates and spouses have the opportunity to play in the golftournament, we must require a $75 per player golf tournament registration fee. This fee is noted on the Conference registration form.

To secure a place in the golf tournament, we recommend early registration.

CPE CREDITS AVAILABLE This Conference is registered with the National Association of State Boards of Accountancy (NASBA). By attending this Conference, you can earn a maximum of 10 CPE credits. No prerequisites or advancematerials are required to attend this Conference. All CPE credit sessions are identified on the programagenda by a specific code and range from beginner to intermediate to advanced level sessions.

HOTEL ACCOMMODATIONSThe 21st Annual Risk Management Conference will be held at the Hyatt Regency Scottsdale at GaineyRanch located in Scottsdale, Arizona. Set amidst flowering cactus, breathtaking sunsets, and framedagainst the majestic McDowell Mountains lies one of the most distinctive resorts in the heart of the Southwest.

Gainey Ranch features many amenities desired in Scottsdale resorts: a 2.5-acre “water playground,” 10 swimming pools, a sandy beach, and a three-story water slide. Discover 27 holes of championshipgolf, world-class tennis, and the Sonwai Spa.

The room rate is $255 per night (single or double occupancy). In order to guarantee the special discountrates, the Conference organizers and the hotel have agreed that all hotel reservations must be made onor before Thursday, February 3, 2005. After this date, the Conference organizers may release rooms forgeneral sale and rooms may sell out quickly.

Contact the Hyatt Regency Gainey Ranch Resort at 480-991-3388 to make reservations or visit theirwebsite at scottsdale.hyatt.com.

TRAVEL ACCOMMODATIONSBoth airfare and car rental reservations are available from the Risk Management Conference travelagency. For further information, please contact:

American Express One1-800-553-0261Standard office hours are 8:00 am - to 5:30 pm CST. When making your reservations, please be identify yourself as a Risk Management Conference attendee.


Early Registration (Before 2/7/05) $1,000

Standard Registration (2/8/05 to 3/3/05) $1,500

On-Site Registration (3/4/05 to 3/9/05) $1,800

Golf Tournament Fee $75 per player

End-User Discount* - Deduct 50% off the Conference registration fees listed above.* Subject to review. Applies only to corporate treasurers; pension, foundation or endowment fund officials; port-

folio or money managers; and institutional investment consultants.

NO REGISTRATIONS WILL BE RECORDED WITHOUT PAYMENTFAX Credit card payment only: MAIL Check payable to: Chicago Board of Trade

(312) 341-3027 Send to: Chicago Board of Tradec/o Theon Katsis141 West Jackson Boulevard, Suite 1110Chicago, IL 60604

� Mr.

� Ms.

Title

Badge/Nickname

Firm

Address

City State Zip

Phone Email

Spouse (There is no charge for spouses, but they must pre-register.)

Please check oneYour position within the organization you will represent at the Conference:

� Corporate Treasurer � Consultant

� Pension, Foundation or Endowment Fund Official � Investment Firm or Money Manager

� Brokerage Firm Representative � Other (please specify)

Which exchange-traded derivatives have you used?

� None � Equity Index Futures � Equity Options � Fixed Income Futures

� Fixed Income Options � Other (please specify)

What are your primary uses of exchange-traded derivatives?

� I have not used them � Hedging and risk management

� Income enhancement � Other (please specify)

What is your primary objective in attending the Conference?

I am planning to attend the optional Fundamentals Workshop Series � Yes � No

Fees $ + $ = $

Registration Fee Golf Fee Total Payment

Payment Options� Check (Made payable to Chicago Board of Trade) � Visa � MasterCard � AmEx

Cardholder Account Number

Expiration Date Signature

*Attendance is limited to CME, CBOE, CBOT and OneChicago approved registrants. Requests to register and participate fromothers, including staff of other exchanges, will be considered at the discretion of conference organizers on the basis of spaceand demonstrated need to participate.

annualRisk Managementc o n f e r e

annual21st


Registrat ion

21stABN AMRO

Barron’s

Bear Stearns

Bloomberg Markets

Derivatives Portfolio Management (DPM), LLC

Derivatives Week

Dow Jones

FOW

Futures Industry Association

Global Investment Technology

Goldman Sachs

Chicago Board Options Exchange is registered with the NationalAssociation of State Boards of Accountancy (NASBA) as a spon-sor of continuing professional education on the National Registryof CPE sponsors. State boards of accountancy have final authorityon the acceptance of individual courses for CPE credit. Complaintsregarding registered sponsors may be addressed to the NationalRegistry of CPE Sponsors, 150 Fourth Avenue North, Nashville,TN, 37219-2417. Phone 615-880-4200.


an21sannualRisk Management

c o n f e r e n c e s p o n s o r s

21stABN AMRO

Barron’s

Bear Stearns

Bloomberg Markets

Derivatives Portfolio Management (DPM), LLC

Derivatives Week

Dow Jones

FOW

Futures Industry Association

Global Investment Technology

Goldman Sachs

Hedge Fund Alert

HSBC

Investment Advisor

Investor's Business Daily

IPE

Maxim Group

Morgan Stanley

Pensions and Investments

Russell Indexes

UBS

X-Change Financial Access LLC

Chicago Board Options Exchange is registered with the NationalAssociation of State Boards of Accountancy (NASBA) as a spon-sor of continuing professional education on the National Registryof CPE sponsors. State boards of accountancy have final authorityon the acceptance of individual courses for CPE credit. Complaintsregarding registered sponsors may be addressed to the NationalRegistry of CPE Sponsors, 150 Fourth Avenue North, Nashville,TN, 37219-2417. Phone 615-880-4200.

Chicago Board Option


87342 cboe invitation 6w short · 2016-09-08 · special session: the outlook for hedge fund...

Documents