Excellence in Asset Management
Dr. Narayan Naik, London Business School
	Why Invest in Hedge Funds?
	Hedge Funds
	How do Hedge Funds Generate Returns?
	Trend Followers
	Global/ Macro
	Benchmarking
	Asset Class Factor Models
	Admissible Trading Strategies
	Our Findings
	Concluding Remarks
Thomas Weber, LGT Capital Management
	Insitutional Participation In the Hedge Fund Industry
	The Traditional Investor's Perspective
	Demand Increasing
	As is Supply of Hedge Funds
	Institutionalization of the Hedge Fund Industry
	Hedge Fund Market will Birfurcate
	Conclusion
Alexander Ineichen, UBS Warburg
	Investment Case
	Equity Market Neutral
	Long Short Equity
	Long Short Equity: Long TMT
	Conclusion
Colin McLean, Scottish Value Management
	Dimension Data
	IDS Group
	London Pacific
	Scottish & Newcastle vs FTSE All-Share
	ITNET: delayed reaction
	British Telecom vs Vodafone
	Charter: M&A Risks
	Atlantic Telecom
	Conclusion
Oliver Lodge, FSA
	Adequate Internal Controls?
	Wider Marketing of Hedge Funds?
	Authorized in the UK?
	Adequate Disclosure to Investors?
	Survive the Long Term?
Panel Q & A