8:00am – 9:00am

Breakfast

9:00am – 9:05am

Opening Remarks

9:05am – 9:15am

Opening Remarks by Conference Chair

Mohsin Y. Meghji
Principal & Managing Director
Loughlin Meghji & Company

9:15am – 9:45am

Bruce Richards
President & CEO
Marathon Asset Management

Session Description:
Bruce Richards oversees Marathon Asset Management LLC - a global alternative investment and asset management company with over $10 billion in capital under management. Founded in 1998, Marathon is a global organization with offices in New York City, London, Singapore and satellites in Mumbai, Sao Paulo, Los Angeles, Washington, D.C. and Hong Kong. Topics to be covered include but may not be limited to:

• A discussion of where opportunities and challenges are in today's marketplace, including considerations given the increased possibility of a recession, as well as the pending increase in companies that appear to be struggling, regardless of if we go into a recession.
• Will lenders get more conservative?
• Will default rates expand?

Interviewed by:
Wray Thorn
Managing Director of Private Equity
Marathon Asset Management

9:50am – 10:30am

Panel Discussion
Presented by Cadwalader, Wickersham & Taft LLP

"Fixing the Broken Financing: Strategic Overview"

Moderator:
Bruce R. Zirinsky
Partner
Cadwalader, Wickersham & Taft LLP

Panelists:
George A. Davis
Partner
Cadwalader, Wickersham & Taft LLP

Steven M. Zelin
Senior Managing Director
The Blackstone Group, LP

10:30am – 11:00am

Coffee Break

11:00am – 11:40am

Panel Discussion
Presented by Loughlin Meghji & Company

"The Perfect Storm... has it finally arrived?
How buyouts, the credit crunch and a soft economy have aligned to create the coming distressed market boom"

Moderator:
Patrick Fodale
Managing Director
Loughlin Meghji & Company

Panelists:
Judith Elkin
Partner
Haynes & Boone, LLP

Jim Malley
Managing Director & Portfolio Manager of Distressed Opportunities Strategy
Chilton Investment Company

Marc Puntus
Managing Director
Miller Buckfire & Co., LLC

11:45am – 12:15pm

Michael E. Tennenbaum
Senior Managing Partner
Tennenbaum Capital Partners, LLC

Session Description:
Tennenbaum Capital Partners was founded in 1996 and current has approximately $7.5 billon in capital under management.  Mr. Tennenbaum will walk the audience through his “anatomy of a deal” analysis, discussing the variety of accounting issues, balance sheet restructuring techniques, and other tactics used to successfully complete a deal. Mr. Tennenbaum will also discuss what he likes about the current investing environment as well as what troubles him.  Lastly, he’ll give a perspective on what will become of the companies that have been laden with debt and which sectors may be ones to watch in the years to come.

12:20pm – 1:00pm

Panel Discussion

"How Private Equity and Hedge Funds Can Improve Operations in Distressed Portfolio Companies"

Moderator:
Sheldon I. Hirshon, Esq.
Partner
Proskauer Rose LLP

Panelists:
Shary Moalemzadeh
Principal
The Carlyle Group

Douglas Teitelbaum
Managing Partner
Bay Harbour Management

Jon Weber
Head of Portfolio Company Operations
Goldman Sachs - Special Situations Group

*This session is closed to the press

1:00pm – 2:00pm

Lunch Sponsored by Lincoln Berger LLP

2:00pm – 2:30pm

"Distressed Investing and Fundamental Short-Selling:  Should Opposites Attract?"

James Chanos
President & Founder
Kynikos Associates LP

2:35pm – 3:05pm

Steven Wayne
Managing Director
Oak Hill Advisors L.P.

Session Description:
Oak Hill Advisors, L.P. is a privately owned investment manager. The firm provides its services to pooled investment vehicles, corporations, large institutions, high-net-worth individuals, and university endowments. It manages separate client focused fixed income portfolios, collateralized debt obligations, and investment partnerships. The firm invests in the fixed income markets of United States and Europe. It primarily invests in debt instruments, including leveraged loans, high yield bonds, mezzanine investments, distressed debt, and other similar investments. Oak Hill Advisors is based in New York, New York with an additional office in London, United Kingdom. Steven Wayne has responsibility for Oak Hill Advisors' investments in middle-market and sponsor originated transactions. Topics to be covered include but may not be limited to:

• What is the changing and evolving role that lenders play over the next 12 months?
• Are lenders willing to rescue companies that are floundering?
• What is the propensity of lenders to do new deals as well as call existing loans?

*This session is closed to the press

3:05pm – 3:35pm

Coffee Break

3:35pm – 4:05pm

Karl N. Beinkampen
Executive Director
Morgan Stanley - Alternative Investment Partners

In addition to his daily duties at Morgan Stanley, Beinkampen is the co-author of a leading white paper on Distressed Investing entitled: Understanding Distressed Investing: A Practical Approach to Fund Investing.  On the front page of the report is a very memorable quote from the authors:  “Distressed investing is interesting to us because of one simple factor: in times of crisis, incumbent managers, investors and other agents and fiduciaries may not behave in an economically rational way.”

During his time with us, Beinkampen will explain further what is meant by such a comment.  He will walk the audience through some of the major points discussed in his white paper, as well as share his sentiment on the current marketplace.  Topics will include but may not be limited to:

• A discussion around the two distinct segments of the distressed private equity market—Core and Cyclical
• The current state of the distressed investment opportunity and the broader secular changes that may influence distressed fund investment opportunities over the next 12 months
• Why and how institutional investors should include a distressed investment strategy as part of a diversified private equity fund portfolio

Interviewed by:
Henny Sender
International Financial Correspondent
Financial Times

4:10pm – 4:40pm

David Shapiro
Managing Partner
KPS Capital Partners, LP

4:40pm – 4:45pm

Closing Remarks

4:45pm – 5:45pm

Cocktail Reception
Sponsored by Capital IQ

*Please note agendas are subject to change