DISTRESSED DEBT Register
Wednesday 28th January 2009 London Stock Exchange
ProgrammeSessionList
Agenda

Wednesday, 28th January 2009

09:00
Chairman’s welcome: Philip Alexander, Finance Editor, The Banker

09:10
The Distressed debt secondary market
Alastair Hay, Managing Director, Deutsche Bank

09:45
The growth of new investment funds
  • Matching the fund structure to investment strategy
  • Commercial terms for distressed debt funds
  • Investor sentiment
Duncan Woollard, Partner, SJ Berwin

PANEL
10:20
Where are the investment opportunities?
  • Which markets to invest in?
  • Investment opportunities for Hedge funds
  • Investment opportunities for Private Equity firms
  • Timing your entry and exit from the market
  • Derivatives in distressed debt investing
Moderator:
Chris Haffenden, Deputy editor of restructuring, Debtwire

Panelists:
Ian Cash, Managing Director, Alchemy Special Opportunities LLP

Martin Gudgeon, Senior Managing Director, The Blackstone Group

Krishna Prasad, Senior Vice President, Pimco

Martin Graham, European Principal Investments, Oaktree Capital

Miles Tadman, Senior Analyst, Distressed Products Group, Deutsche Bank

11:20
REFRESHMENTS

PANEL
11:50
Distressed Debt investment strategies
  • Deciding your place in the capital structure
  • Portfolio allocation strategies
  • "Buy low, sell high" versus “Buy low and hold” strategies
  • Loan to own strategy
Moderator:
Philip Alexander, Finance Editor, The Banker

Panelists:
Lucien Farrell, Founding Partner of Cyrus Capital Partners Europe LLP, Cyrus Capital Partners LLP

Theo Phanos, Director, Trafalgar Asset Managers

12:25
The realities and practicalities of buying assets from distressed businesses
  • Directors and Officers’ responsibilities in the “Twilight Zone” pre formal insolvency
  • Pre-packs – the issues for buyers
  • Negotiating with insolvency practitioners in post-insolvency deals
  • Setting deferred payment terms for future performance-based deals in current uncertain markets.
  • Buying insolvent assets in emerging markets
Nick Hood, Executive Chairman, Begbies Global Network (BGN) and Senior London Partner, Begbies Traynor

13:05
LUNCH

PANEL
14:30
Taking advantage of the cultural divide
  • How can investors profit from knowledge of different financial cultures and insolvency processes?
  • Investing in the Spanish distressed debt market
  • Investing in the French market
  • Comparing different jurisdictions – US versus Europe
  • Learning the lessons from Nybron, Schefenacker, GAL, Schieder Mobil?
Moderator:
Anousha Sakoui, Capital Markets Reporter, Financial Times

Panelists:
MaryKay Fuller, Associate Partner, KPMG

Chuck Evans, Partner, PWC

Nick Hood, Executive Chairman, Begbies Global Network (BGN) and Senior London Partner, Begbies Traynor

Ramon Betolaza, Partner, MatlinPatterson Global Advisers LLC

15:30
REFRESHMENTS

PANEL
16:00
Distressed commercial real estate assets
  • When will the market hit bottom, and when to buy?
  • Differences in restructuring retail, office and storage assets
  • Forecasting real estate yields
Moderator:
Philip Alexander, Finance Editor, The Banker

Panelists:
Westley Richards, Head of Real Estate Finance, London & Capital

Philip Cropper, Executive Director, CB Richard Ellis

Lisa Dillon, Head of Debt Solutions, DTZ Corporate Finance Ltd

David Ryland, Partner, S J Berwin

17:00
DRINKS RECEPTION


Lead Sponsors


Deutsche Bank





Begbies Traynor


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