Fund Manager Selection and Oversight February 19th, 20th and 21st, 2008 Toronto

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Conference Agenda

Session 4:

1:30-2:15 - THE NEW REGISTRATION REGIME FOR INVESTMENT FUND MANAGERS
Michael Burns, McMillan Binch Mendelsohn LLP

The Canadian regulatory landscape for investment funds is changing and investment fund managers will soon have to register with the applicable securities regulatory authority in their jurisdiction. This discussion will review the salient points that investment fund managers will need to be cognizant of in order to prepare for the new regulatory regime.

· Current status of National Instrument 33-103: registration requirements
· Who will have to register?
· Will the new registration rules affect how investment funds are structured and organized?
· New financial reporting and compliance requirements for investment fund managers
· Impact of proposed registration requirements on foreign investment fund managers



2:15-3:00 - PROTECTING YOUR FUTURE: WHEN IT IS TIME TO FIND A NEW MANAGER
Joe Connolly, Investment Consultant, Morneau Sobeco

One of the toughest decisions to make is deciding when it’s time to end the relationship with your manager. The timing of such a decision will affect future performance either way, the key is to minimize the short and long term damage. If you are too fast, you can find yourself in a costly manager search, but if you are too slow, future revenue will suffer. This session will discuss how to making the big decision.

· How to recognize there’s an issue
· What are the issues? Bad performance, confidence issues, style and market cycles - what changed along the way?
· How to evaluate the fund manager’s performance
· Timing your decision



3:00-3:30 NETWORKING BREAK

3:30-4:15 - the institutional investment landscape: THE TIMES ARE CHANGING
Harry Marmer, Senior Vice-President, Franklin Templeton Investments

This presentation will look at how the institutional investment landscape will evolve over the next five years and the impact these impending changes will have on how managers will be selected and evaluated. Topics covered include:

· The “creative destruction” of the institutional investment landscape
· Why does D.C. stand for Declining Confidence?
· Mixing it up in the future
· How the changes to the institutional investment landscape will impact manager selection



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