Kellogg Conference




ORGANIZERS	CONFERENCE
Center for Financial Institutions and Markets Zell Center for Risk Research	Recent Research on Hedge Funds and Performance Measurement Monday August 14th - Tuesday August 15th 2006 Allen Center, Northwestern University, Evanston

TRAVEL INFO	Last Updated 8/11/2006		Attendance by Invitation Only. REGISTRATION Closed
Accommodation	Last Updated 8/11/2006		Attendance by Invitation Only. REGISTRATION Closed
Directions, Parking			Click on the person's name to view presentation where available
Campus Map
Allen Center	Detailed Program Agenda		Agenda (pdf file)
Taxi Information
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SPONSORS	Monday, August 14, 2006
Barclays Global Investors GSAM Quantitative Investment Strategies LSV Asset Management	Monday, August 14, 2006
	5:00 - 6:00 pm
	Reception

	6:00 - 7:00 pm
	Keynote Address	Speaker	Hung Tran, Deputy Director, International Capital Markets, International Monetary Fund
		Topic	Development of Financial Institutions and Markets in China and India
	7:00 - 9:00 pm
	Dinner -- Atrium
	...................................................................................................................................
	Tuesday, August 15, 2006
	Tuesday, August 15, 2006
	7:00 - 8:45am
	Breakfast

	9:00 - 10:20 am Session I	Speaker	David Hsieh, Duke University
		Topic	Hedge Funds: Performance, Risk and Capital Formation
		Discussant	Stephen J. Brown, New York University

		Speaker	Emanuel Derman, Columbia University
		Topic	The Alpha for Hedge Fund Lockups
		Discussant	George Constantinides, University of Chicago
	10:20 - 10:45 am
	Coffee Break

	10:45 - 11:30 am Session II	Speaker	Rene Stulz, Ohio State University
		Topic	Is There Hedge Fund Contagion
		Discussant	Ananth Madhavan, Barclays Global Investors

	11:45 - 12:45 pm
	Lunch -- Atrium

	1:00 - 2:00 pm Panel Discussion I	Moderator	David Hsieh, Duke University
		Topic	Evolution of the Hedge Fund Industry, Risk and Return
		Panel	Robert B. Litterman, Goldman Sachs
			David Kabiller, AQR Capital
			Joseph G. Nicholas, HFR Group
			David Modest, JPMorgan Chase

	2:00 - 2:30 pm
	Coffee Break

	2:30 - 3:30 pm Session III	Speaker	Josef Lakonishok, LSV Asset Management
		Topic	Benchmarking Money Manager Performance: Issues and Evidence
		Discussant	Kent Daniel, Goldman Sachs and Northwestern University

	3:30 - 4:30 pm Panel Discussion II	Moderator	Lawrence Glosten, Columbia University
		Topic	Identifying Talent: Issues in Portfolio Performance Evaluation
		Panel	Gary Brinson, GP Brinson Investments
			Stephen L. Nesbitt, Cliffwater
			Girish Reddy, Prisma Capital Partners
			Don Fehrs, Evanston Capital