Overview on the institutional autumn conference in Germany. This year with three conference streams: - Transition & Transactions - Custody & Administration -Equity strategies

1. From investors for investors
The institutional investment conference
16 and 17 October 2012
Hyatt Regency Düsseldorf

2. Tomas Sedlacek
Keynote speech “The capital market theory of good and evil”
and participant in the debate on “Equity scenarios 2013”
Main sponsors

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Equities – Paper Value or Valuable Securities? Positive yields using equities – the problems
Wednesday 17 October 2012 and successes of a small pension fund
9 am–5 pm Thorsten Fiedler, Deputy Chairman,
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Pensionskasse HT Troplast (8)
Keynote speech Sustainable investment – profiting from long term
The capital market theory of good and evil investment opportunities in the water industry
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Tomas Sedlacek, Chief Economist at Ceskoslovenská Dr. Gerhard Wagner, CFA, Senior Fund Manager,
obchodni banka (CSOB) Swisscanto (9)
(Hosts: Kleinwort Benson Investors, Rothschild & Cie
Gestion and max.xs financial services) What is real active management?*
Eric Bendahan, Head of European Equities Fund 6
Presentation Management, Syz Asset Management (10)
Equities for long term investors with short term
balance sheet requirements Small values, big prospects – investment
Dr. Stefan Nellshen, CFO, Bayer-Pensionskasse (1) opportunities from market efficiencies with
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small and micro caps
Economists’ debate Stefan Meyer, Senior Fund Manager,
Equity scenarios 2013 Metzler Asset Management (11)
Prof. Clemens Fuest, Oxford University (2)
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Prof. Max Otte Ph.D., University of Applied Sciences Better true active management instead of
Worms (3) modern portfolio theory
Tomas Sedlacek, Chief Economist at Ceskoslovenská Dr. Wolfram Gerdes, Investment and Finance Director,
obchodni banka (CSOB) Kirchliche Versorgungskassen KZVK and VKPB (12)
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Investor workshops on different topics: Podium discussion
Stock picking in a risk on/risk off environment – Perspectives on equities. Between building block
how the choice of individual securities still leads in the satellite spectrum and core comeback.
to outperformance* Stefan Hentschel, CeFA, Head of Pension Asset
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Benoît Trioux, Fund Manager, Generali Investments (4) Management, Evonik Industries (13)
Enrico Zamboni, Fund Manager, Generali Investments (5) Jean-Louis Laurens, General Partner/CEO,
Rothschild & Cie Gestion (14)
Performance and lower volatility – not mutually Dr. Stefan Nellshen, CFO, Bayer-Pensionskasse
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exclusive with small caps!* Oliver Röder, MBA, Head of Institutional Sales Germany &
Joëlle Morlet-Selmer, Small and Mid Caps Specialist, Austria SPDR ETFs, State Street Global Advisors (15)
Mandarine Gestion (6) Dr. Oliver Roll, Member of the Management Team,
max.xs financial services (16)
Sustainability in equity investment 12
Michael Dittrich, Head of Administration, Sessions will be led throughout the day by
Deutsche Bundesstiftung Umwelt (7) Patrick Eisele, Editor in Chief, portfolio institutionell
and Corinna Wohlfeil, n-tv.
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* Workshop in English
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Sponsors
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4. Joachim Fröhlich
Head of Treasury, Evangelische Kreditgenossenschaft
“Transition from an institutional investor’s viewpoint”

5. Trends in Transitions and Transactions Transparency in transition management*
Tuesday 16 October 2012 James Mitchell, Executive Director, Goldman Sachs (6)
1 pm–6 pm
Group discussion and exchange of experiences
Mike DuCharme, Head of Foreign Exchange, 1
Presentation Russell Investments
Efficiency in the investment process – Peter Loehnert, Director, Transition Management,
improving potential savings in transaction costs BlackRock
Wolfram Klingler, Managing Director, novarca XTP (1) James Mitchell, Executive Director, Goldman Sachs
Steve Webster, Head of Transition Management EMEA,
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Presentation Credit Suisse
How much are you paying for Forex? Jürgen Winter, Head of UI Transition Management
Reduce transaction costs – manage risks* Solutions, Universal-Investment
Mike DuCharme, Head of Foreign Exchange,
Russell Investments (2) Presentation
Transition from an institutional investor’s viewpoint 3
Presentation Joachim Fröhlich, Head of Treasury,
Risks and dangers in transitions – Evangelische Kreditgenossenschaft
a case study
Jürgen Winter, Head of Transition Management Investors’ Dinner
Solutions, Universal Investment (3) 6.15 pm–9 pm 4
Kleinwort Benson Investors, Rothschild & Cie Gestion
Focus sessions on different topics: and max.xs financial services are delighted to invite
Fixed income transitions you to this exclusive investors’ dinner in the River
Peter Loehnert, Director, Transition Management, Salon restaurant at the Hyatt Regency Düsseldorf.
BlackRock (4)
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Sessions will be led throughout the day by
Risk management in transition management* Kerstin Bendix, Editor, portfolio institutionell.
Steve Webster, Head of Transition Management
EMEA, Credit Suisse (5) * Presentation in English
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Premium sponsor Sponsors

6. Martin Teigeler
Senior Investment Manager, Ärzteversorgung Westfalen-Lippe
“Master fund consolidation at ÄVWL”

7. Custody and Administration Podium discussion
Tuesday 16 October 2012 A colourful bunch of asset classes –
1 pm–6 pm how do I administer them?
Volker Braunberger, Managing Partner, Itechx (6)
Daniel Brückner, Head of Global Custody and 1
Presentation Depotbank Services, Germany, HSBC Securities Services
On the road to a single market for custodian banks Oliver Dräger, Senior Investment Consultant,
in Europe – vision or nightmare? Faros Consulting (7)
Daniel Brückner, Head of Global Custody and Depotbank Dietmar Roessler, Director, BNP Paribas
Services, Germany, HSBC Securities Services (1) Securities Services
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Dr. Holger Sepp, Co-Head and Director,
Presentation CACEIS Bank Germany
International challenges for custodians and investors Patrick Stöss, Head of Acquisitions and Client Services,
Thorsten Gommel, Partner, PwC Germany (2) BNY Mellon Service Master Fund
Focus sessions on different topics: Presentation 3
AIFM – comprehensive cover for institutional Master fund consolidation at ÄVWL
investors? Martin Teigeler, Senior Investment Manager,
Dietmar Roessler, Director, BNP Paribas Ärzteversorgung Westfalen-Lippe
Securities Services (3)
Investors’ Dinner 4
No games, just look-through – complying with legal Kleinwort Benson Investors, Rothschild & Cie Gestion
guidelines for the benefit of all market players and max.xs financial services are delighted to invite
Dr. Holger Sepp, Co-Head and Director, you to this exclusive investors’ dinner in the River
CACEIS Bank Germany (4) Salon restaurant at the Hyatt Regency Düsseldorf.
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Master funds as partners in troubled times Sessions will be led throughout the day by
Patrick Stöss, Head of Acquisitions and Client Services, Tobias Bürger, Editor, portfolio institutionell.
BNY Mellon Service Master Fund (5)
Programme subject to change, errors and misprints.
© 2012 portfolio Verlagsgesellschaft mbH. All rights reserved. July 2012. 6
Further information is available
at portfolio-masters.de
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Premium sponsor Sponsors Media partners

8. Register by 10 September 2012 by FAX to: +49 (0)69 8570 8149
Conference registration
 Yes, I confirm my registration for the whole-day main conference
“Equities – Paper Value or Valuable Securities?” on 17 October 2012
 Yes, I confirm my registration for the half-day conference
“Trends in Transitions and Transactions” on 16 October 2012
 Yes, I confirm my registration for the half-day conference
“Custody and Administration” on 16 October 2012
Organiser Registration for the Investors’ Dinner
portfolio Verlagsgesellschaft mbH  I confirm my registration for the exclusive Investors’ Dinner
Yes,
Kleine Hochstrasse 9–11 on 16 October 2012 from 6.15 pm
60313 Frankfurt am Main
Germany Further information
T: +49 (0)69 8570 8153
 es, I am interested in portfolio masters.
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Please send me further information about it.
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 unfortunately I am unable to participate.
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