2017 Private Fund Conference

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2017 Private Fund Conference

May 18 @ 8:00 am - 1:30 pm

Does ‘Two and Twenty’ Have A Future?

Incentives play a crucial role in Private Equity and Hedge Funds. Investors are looking for high returns at a time when many private funds are struggling to beat conventional indices. Regardless, the traditional “Two and Twenty” compensation structure allows many fund managers to still earn substantial revenues even when performance is inconsistent or lags lower-cost public market options. Many frustrated investors are re-examining the assumptions that underpin compensations structures that include both an annual management fee (regardless of results) and an explicit performance fee (which can produce eye-watering sums when investors make substantial allocations).

Institutional investors need access to proven managers who have demonstrated the skills and judgment necessary to earn high returns. Conversely, generous fee structures can degrade otherwise high returns earned by managers.

What should be done to ensure that interests are sufficiently aligned fund limited partners and fund general partners to ensure that each sides gets the full benefits of the bargain they wish to make? Is there room for an increased role by the Securities and Exchange Commission to police fee structures in private funds?

Keynote Speaker 


Jagdeep Bachher, Chief Investment Officer of the UC Regents

Jagdeep Singh Bachher is responsible for managing the UC pension, endowment, short-term, and total-return investment pools which total almost $100 billion. He reports directly to the Board of Regents on investment matters and the chief financial officer on administrative issues related to managing a group of more than 60 investment professionals and staff. 

 

The Panelists  

Eva Ciko Carman, Partner, Ropes & Gray, LLP

Robert S. De Leon, General Counsel and CCO, Rimrock Capital Management, LLC

Edmond Fong, Managing Director, Hedge Funds & Strategic Opportunities, University of California, Office of the CIO

Elizabeth P. Gray, Partner, Willkie Farr & Gallagher, LLP

Shifat Hasan, Associate Portfolio Manager, CalSTRS

Wulf Kaal, Director, Private Investment Fund Institute, University of St. Thomas School of Law

Sara Kalin, Asst. Regional Director, Asset Management Unit, SEC

Jonathan P. Koerner, Partner, Albourne Partners

Reena Lalji, General Counsel, Wilshire Associates Inc.

Sanije Perrett, Founding Partner and President, Arena Capital Advisors

Judith Posnikoff, Managing Director, Co-Founder, PAAMCO

Conference Agenda: May 18, 2017

Check back soon for the Conference Agenda.

Directions and Parking

The 2017 Private Fund Conference will be held at:

UCLA School of Law
385 Charles E. Young Drive East
Los Angeles, CA 90095-1476

For directions, please refer to the UCLA Campus map. It identifies directions to UCLA School of Law and relevant parking locations.

We recommend that you allow 15 minutes for parking.

Other parking options can be found on our website.

Lodging Information:

Hilgard House Hotel
927 Hilgard Avenue
Los Angeles, CA 90024
Reservations: 800-826-3934
(t) (310) 208-3945
(f) (310) 208-1972
www.hilgardhouse.com

W Hotel
930 Hilgard Ave.
Los Angeles, CA 90024
(t) (310) 208-8765
(f) (310) 824-0355
www.wlosangeles.com 

Hotel Palomar
10740 Wilshire Blvd.
Los Angeles, CA 90024
Reservations: 800-472-8556
(t) (310) 475-8711
(f) (310) 475-5220
www.hotelpalomar-lawestwood.com 

 

MCLE Credits Will Be Available.

RSVP here.

This event is sponsored by Lowell Milken Institute for Business Law and Policy and UCLA School of Law. For more information, please contact   lowellmilkeninstitute@law.ucla.edu.

Details

Date:
May 18
Time:
8:00 am - 1:30 pm

Venue

UCLA School of Law