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Schedule
08.00 Registration & Coffee
08.20 Chairman's Introductory Speech
Welcome and comments on the agenda Pierre Lavaud, JetFin, CHPierre Lavaud
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Founding Partner and CEO of JetFin.
"Mr. Lavaud is member of Sustainable Finance Geneva".
From 1999 to 2002, Mr. Lavaud was head of sales and marketing for Capital Fund Management (CFM) a fund manager with close to $ 4 Billion under management in Long/Short arbitrage, CTA and volatility arbitrage funds.
From 1996 to 1999, Mr. Lavaud worked as European Sales Manager for UBITRADE. A leader in derivative capital markets (futures and options), UBITRADE provide cutting-edge software for the capital market industry.
From 1992 to 1996, he worked as Sales Engineer in the Industrial Automation department of BOSCH, one of the 10 largest German industrial conglomerates, in Germany, Italy and United Kingdom. Mr. Lavaud is fluent in French, English, Italian and German. He graduated from Grenoble Ecole de Management. |
08.40 The Macro Picture
- Macro Overview : agricultural sector
- Supply and demand
- Climate change & weather implication
09.00 Agriculture and Sustainability
- Food and Agriculture Crises
- Sustainability approaches
- Investment Implications
Judson O. Berkey, UBS, CH
LIQUID STRATEGIES
09.30 Agro Equity Strategies
- How to build an equity portfolio in the agro business
- Where are the opportunities in Global Emerging Markets?
- Volatility and risks
John Coast Sullenger, Fund Manager, GAIA Capital, CHJohn Coast Sullenger
Mr. Sullenger is a managing director of GAIA Capital Advisors SA and the portfolio manager of the GAIA Resources Fund and the GAIA World Agri Fund. Over the years Mr. Sullenger has been a frequent commentator on the natural resources and agriculture space in such media as CNBC, Bloomberg TV and industry conferences, as well as the author of numerous articles on these subjects.
Prior to establishing GAIA Capital Advisors SA, from 1999 to 2006, he was the fund manager responsible for Eastern European resources & energy portfolios at Lombard Odier Darier Hentsch in Geneva and was directly responsible for assets under management exceeding USD 500 million. His strong results and ability to preserve capital in weak markets were widely recognized. Pre-Switzerland, Mr. Sullenger spent several years in Moscow heading up sales and trading for Pioneer Securities, which he co-founded in 1996. He is fluent in English, French, and most importantly Russian, where his experience and crucial contacts within Russia and the CIS countries brings unique deal flow. He graduated from the University of Virginia with a degree in Economics and Foreign Affairs.
Richard Davis, Fund Manager, BlackRock Investment Management, UKRichard Davis
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Managing Director and portfolio manager, is a member of the Natural Resources Equity team within BlackRock's EMEA Fundamental Equity Portfolio Management Group. He is co-manager of the BGF World Agriculture Fund and the BlackRock Agriculture Fund. He is also responsible for managing the team's gold funds, including the BlackRock Gold Metal Open Fund, co-manager on the BlackRock Natural Resources Hedge Fund and is responsible for the team's income products.
Mr. Davis' service with the firm dates back to 1994, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a member of the Natural Resources team. Prior to joining MLIM, he worked as a geologist for three years in Ireland and worked on mineral exploration and resource evaluation projects in base metals, gold and diamonds.
Mr. Davis earned a BA degree in geology from Trinity College in 1989, and an MSc degree in mineral exploration from Imperial College in 1990. |
10.00 Coffee break
10.30 Soft Commodities
- Opportunities and risk in agricultural commodities
- Specificities of wheat, corn, sojabean, sugar markets. Managing price risk
- CTAs, speculation or positive contribution?
Renee Haugerud, Founding Partner, Galtere International Fund, USARenee Haugerud
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Renee Haugerud is the Founder, Chief Investment Officer and Managing Principal of Galtere Ltd., a registered investment advisor that manages approximately $1 billion across several commodity-focused products.
Throughout her thirty-year investment career, Ms. Haugerud has acquired expertise across all asset classes, through posts in the U.S., Canada, the U.K., Switzerland, Australia, and Hong Kong. She began her tenure in financial markets by trading cash commodity markets in the United States and Canada for Cargill Inc. and Continental Grain. Her interests in the relationship between financial markets and geopolitics led to her first international post in Geneva Switzerland, where she ultimately served as Cargill's Foreign Exchange Trading Manager. During her 13-year career at Cargill, Ms. Haugerud developed expertise in a broad and diverse range of securities by assuming the positions of Manager of the US Fixed Income trading desk, Minneapolis, MN; Financial Division Manager of the Melbourne Australia Office; board membership of Cargill Australia; and finally Vice President/Structural Trading Manager at Cargill's corporate headquarters in Minneapolis, MN. Following her years at Cargill, Ms. Haugerud managed proprietary trading desks at institutions including Natwest Markets in Hong Kong and Hunter Douglas N.A. in the U.S.
Ms. Haugerud's insight into how global markets are affected by the psychology and relationships of macroeconomic trends makes her a sought - after speaker and panelist at global investment events. Ms. Haugerud has been interviewed on CNBC, CNN and the PBS Nightly Business Report, and has also been profiled in Barron's, eFinancial News, Forbes Magazine, ForbesLife Executive Woman, MAR Futures, Time and Trader Monthly. She is active in the community of women and business leaders, and an active advocate for numerous global education initiatives.
Ms. Haugerud received her B.S. degree with Honors in Forest Resource Management from the University of Montana in 1980.
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11.20 Hedging Strategies
- The agricultural supply chain is subject to volume volatility : hedging strategies
- Hedging contracts for agro-investments
- Counterparty, political and market risks
Claudio Busarello, Director, Swiss Reinsurance Company, CHClaudio Busarello
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Claudio holds a Master degree in Geography and Atmospheric Sciences. Claudio has been active in the Re/Insurance business for 7 years where he joined the agricultural corporate business 2 years ago. In his role as Underwriter for the Global Corporate Business he develops and structures tailor-made solutions for Global Corporates. |
THEMATIC STRATEGIES
11.50 Timber
- Timber as long term investments
- Forest investment opportunities
Shawn Johansen
Director - A seasoned veteran in capital markets over a 20 year period including positions with Wachovia Securities as Financial Director in Palm Beach County, Florida, J.B Hanauer & Co. where he was responsible for divested portfolio design theory. He has multi disciplinary skills in human resource motivation that provides superior results with investment sales techniques and strategies. Mr. Johansen is responsible for SEP & Natural Resource Capital Management's institutional and individual investor relations including fund investment placement, subsidiary private placement and risk management in all of the firm's investment relations. Mr. Johansen's successful track record represents SEP & Natural Resource Capital Management's dominance in the global market place.
David Rueckel, Wells GmbH, GermanyDavid Rückel
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David Rückel has been Managing Director of Wells Germany GmbH since its founding. Prior he was Director with OneBridgehouse GmbH focussing on finance and real estate projects. He advised Wells Real Estate Funds, Inc. on the strategy entering the German market and upon execution took on his current position with Wells Germany. Prior to his engagement with OneBridgehouse he was Assistant to the CEO of Oppenheimer of North America, LLC, a New York investment advisory firm engaged in project finance and real estate finance. Through the various international project teams which he was a member of, David gained analytical skills in financial modelling and market analysis. He earned his Bachelor of Arts in International Affairs from the George Washington University in Washington, DC with a concentration in International Economics. He earned an Executive Masters degree in Real Estate (Immobilienökonom) form the International Real Estate Business School, University Regensburg in Germany. He is a native speaker of both English and German with fluency in Spanish. |
12.15 Wine
Michel Tamisier, Managing Partner, Elite Advisers, LuxembourgMichel Tamisier
Michel Tamisier has spent his entire professional career working in the investment funds' industry. He started as a Private Banker selling financial products mainly UCITs to private clients at Crédit Agricole Paris. Within JP Morgan Paris, he worked and then managed operations departments (fund accounting, transfer agent and reporting). He then joined JP Morgan Italy, where he set-up depositary bank, correspondent bank and fund accounting activities. At Paribas Milan, he then managed to enhance the product and distribute it locally. At JP Morgan Luxembourg, he contributed to the implementation of an international transfer agent business. He then fulfilled a transversal function where he was responsible for all global project management and different administrative functions. More recently, he co-managed the Luxembourg-based subsidiary of Carmignac Gestion and developed an important distribution network in Southern Europe. In January 2007, he co-founded Elite Advisers S.A. and since puts his experience at the disposal of their clientele.
12.30 Networking Lunch
REGION SPECIFIC STRATEGIES
02.00 Australia & New Zealand
- Cattle investments in Australia
- Diary in New Zealand
Detlef Schoen, Founder, Aquila Capital Group, GermanyDetlef Schoen
CEO of Aquila Capital Green Assets and KlimaINVEST, responsible for portfolio management. Mr. Schön began his career with Cargill after completing a degree in agronomics. Having held a range of positions at the firm, including at its European headquarters, before long he was made Managing Director of the European Commodities Merchandizing Division. He also ran his own successful business for a time before returning to global agribusiness as Manager of International Grains for NIDERA in Rotterdam. Detlef has held several non-executive positions and supervisory board appointments. Furthermore he has been running his own farm "Hof Peeneland" since 1991.
02.30 Latin America
- Farm opportunities in Uruguay and Argentina
Olivier Combastet, Founder, Pergam Finance, France / Uruguay
Olivier Combastet
After graduating from Institut d'Etude Politique de Paris in 1983, Olivier Combastet received an MBA from HEC in 1986. As CEO of a frozen food chain in Brussels, he restructured and sold the asset to Covée, his Flemish competitor in 1988. From 1989 to 1993 he built shopping centers in Belgium and sold most of them to the pension fund of BBL. Subsequently, he began his career in wealth management for families with an emphasis in value investing and hard asset. He Founded Pergam Finance a regulated money management entity in 2001. Pergam, today manages around $1 billion with a strong focus on Private Equity investments.
- Agri Financing Strategy in LatAm
Gonzalo Fernandez Castro, Founder, Lumix Capital, CH / Argentina
Gonzalo Fernandez Castro
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Gonzalo has an extensive career in active investments as a manager and entrepreneur. He is founder and CEO of Lumix Capital Management, a real assets investments specialist, and fund manager of Lumix AgroDirect Fund, specialized in direct investing in ag production in Latin America.
Previously he was a Senior Investment Manager at Jacobs Holdings AG in Switzerland helping oversee EUR 3 billion in assets. From that position, he moved on to a portfolio company of the group (Adecco SA, a Global Fortune 500) where he was part of the senior management team led by the German entrepreneur Klaus Jacobs in charge of a global restructuring and turn around. Prior to that, he was a partner at a venture capital company in South America with interests in the agricultural sector, and a consultant at McKinsey & Company. Gonzalo holds an MBA from Harvard Business School and an Industrial Engineering degree from the Buenos Aires Institute of Technology. |
03.10 Canada & USA
- Agro Investment Landscape in Canada
Larry Ruud, CEO, One Earth Farms, Canada
- USA Agriculture investment opportunities and risks
Alberto San Miguel, Optimum Advisors Fund, USA / Argentina
03.30 Afternoon Tea Break
04.00 Ukraine
- Specificities of Land and Farm investments in Ukraine
04.40 Africa
- Farm investment opportunities in sub-Saharan Africa
- Political risk and investment implications
Neil Crowder, Co-Founding Partner, Chayton Capital, UK
Neil Crowder
Neil is Chief Executive Officer; he joined Chayton Capital from Goldman Sachs where he was a Partner Managing Director. Most recently, Neil was Co-Head of European Research and Co-Chief Operating Officer of the Global Investment Research Division. Additionally, he served on the firm's Commitments Committee. Prior to Goldman Sachs, Neil worked for American Express and St. Paul Companies gaining both direct and indirect real estate investment and workout experience. He received a BA from Knox College, an MSIA from Carnegie Mellon University, and is a CFA (Chartered Financial Analyst) charterholder.
- North Africa Agriculture Investment Opportunities
Othmane Aqallal, Partner, Atlas Olive Oils Fund, MoroccoOthmane AQALLAL
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Born in Casablanca on December 16th 1977, Othmane AQALLAL is the 4th Generation of a Family dedicated and passionate by agriculture, olive growing, and olive oil production. He has graduated from McGill University (Canada) with a Bachelor of Commerce and an MBA from Essec Business School (France). He has been exposed to both European and north American business environment. He also spent a training session at the National University of Singapore in south-east Asia which gave him a good knowledge of the local culture and mentality.
He speaks and writes four languages fluently: English, French, Moroccan and Spanish. Othmane's past experiences were in finance (MERRIL LYNCH, ABB) in Canada and Germany as well as in Sales and Business Development (SERITEX) in Morocco.
Managing Director of ATLAS OLIVE OILS, he has actively participated and directed the already realized investments in planting olive groves, constructing a cutting edge technology crushing mill and developing export markets, launching of new products, diversifying the current olive oil products' range. Othmane is a true believer that consumers will be more and more sensible to healthy food products. He is convinced that the future development of olive oil differentiation will be linked with their health effect's intensity. |
DIVERSIFIED STRATEGIES
05.10 Agriculture Diversified Strategies
- Fixed Income and Agro Financing. Special focus: Latin America
Craig Tashjian, Principal, Amerra Capital Management LLC, USACraig Tashjian
Prior to founding AMERRA Capital, Craig was employed by Societe Generale from 1997-2008 in a number of different capacities, the last of which was as the Head of the Natural Resources business line in the Americas. Upon joining SG in 1997, Craig led the green-field development of Societe Generale's NY-based Commodities & Trade Finance Group, creating one of the leading market players as exemplified by their top league table rankings. The business encompassed a diverse mix of credit and advisory activities in the Energy, Soft, Agri-Business, Bio-fuels, Mining and Metals sectors and in the area of Trade Finance. Craig specializes in executing innovative and comprehensive commodity financing transactions.
Prior to joining the Commodities Group at SG, Craig was the Global Head of Commodity Finance at Standard Chartered Bank, managing a global team of commodity professionals.
Craig holds an MBA from Rutgers University and a B.S. in Finance and Accounting from Lehigh University, along with Series 7, 24 and 63 securities licenses.
- Activist Financing in Soft Commodities : An opportunity for investors and for sustainable development in Emerging Markets. Special focus : Africa
Nabil Marc Abdul-Massih, Inoks Capital, CHNabil Marc Abdul-Massih
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Born in Ivory Coast and raised in Switzerland, Nabil started his career trading soft commodities for Namaco which he co-founded in 1996 and which rapidly became one of the biggest independent participants in the West African Coffee and Cocoa origination markets. At Namaco he traded with the world's largest market participants namely Andre Lausanne, Walter Matter, Nestle and Kraft. In 2000 Nabil moved to Lewton Associates where he focused on the brokerage business in soft commodities with a yearly turnover of about US$50m. At Lewton he interacted with other well known participants in the industry including Cargill, ADM and Mitsubishi. In 2003 Nabil moved to Audit Control & Expertise (ACE) in Geneva where he focused in originating and structuring trades as well as advising international banks like Barclays, Standard Chartered and IDB on their risk management processes. At ACE, Nabil was supervising credit facilities for a total of US$800m across 50 credit lines covering 5 geographies and more than 10 commodities. Nabil has spoken at numerous international conferences covering issues on structured trade finance and risk management and chaired workshops focusing on the latest technical developments in the industry. Nabil has a BA in economics and in Business Administration. Since December 2005, Nabil has been in charge of putting together and heading the Advising Team dedicated to Commodities and Activist Funding at INOKS Capital. He is the ancile Fund's Portfolio Manager.
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INVESTORS
05.50 Investors & Allocators
- The point of view of final investors (pension funds, private bankers and HNWIs)
- Strategies when investing in farming
- Dedicated exposure or diversified portfolios?
- Creating the ideal farm and agro portfolio
Christoph Avenarius, Director, Credit Suisse Investment Advisors, CHChristoph Avenarius
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Christoph Avenarius, Director of Credit Suisse Asset Management, heads the research and manager selection sector for hedge funds focusing on directional strategies. This includes fund selection for liquid trading strategies as well as selected private equity investments in emerging markets.
In April 2009 he launched the Credit Suisse Emerging Markets Relationship Investment Fund, seeded by a North American institutional investor, co-investing alongside selected local financial investors into public listed companies pursuing an active engagement with key stakeholders. This investment approach combines attractive features of both public and private equity investments.
Prior to joining Credit Suisse in 2003, Christoph was Head of Emerging Markets Trading and Global Credit Markets at ABB Capital, where he co-headed the firm's internal proprietary trading operation. Previously, he was Head of Emerging Market Trading and Development at HVB International Markets Division overseeing EM currency and fixed income trading. He started his professional career at the Financial Services and Treasury divisions of BMW.
Christoph holds a B.A. in Economics from University Hagen and an M.Sc. in Physics from Munich University. Supported by the German National Merit Foundation, he became a Visiting Scholar at the Indian Institute of Science in Bangalore from 1985 to 1986. He earned his Ph.D. in Physics from Oxford University as a Rhodes Scholar in 1992. |
06.10 Investors & Food Security
- Agriculture Investment Strategy and Food Security
- The point of view of a Middle Eastern Prominent Financial Institution
Karim Senaoui, Abu Dhabi Investment House, CH - Bahrain
06.30 Chairman's closing remarks Pierre Lavaud, JetFin, CHPierre Lavaud
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Founding Partner and CEO of JetFin.
"Mr. Lavaud is member of Sustainable Finance Geneva".
From 1999 to 2002, Mr. Lavaud was head of sales and marketing for Capital Fund Management (CFM) a fund manager with close to $ 4 Billion under management in Long/Short arbitrage, CTA and volatility arbitrage funds.
From 1996 to 1999, Mr. Lavaud worked as European Sales Manager for UBITRADE. A leader in derivative capital markets (futures and options), UBITRADE provide cutting-edge software for the capital market industry.
From 1992 to 1996, he worked as Sales Engineer in the Industrial Automation department of BOSCH, one of the 10 largest German industrial conglomerates, in Germany, Italy and United Kingdom. Mr. Lavaud is fluent in French, English, Italian and German. He graduated from Grenoble Ecole de Management. |
07.00 Networking Drink
At the Zurich Marriott Hotel Ideal for networking in good atmosphere
08.30 End
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