Main Conference: Day Two

8:00 Registration and morning coffee Registration and morning coffee

08:50 Chair’s Opening Remarks Roopchand Betala, Chief Executive Officer, Volvie Capital Chair’s Opening Remarks Roopchand Betala Chief Executive Officer, Volvie Capital Roop is working with Volvie Capital as Director since 1995. Volvie Capital has office in Mumbai, Singapore and New York and works extensively on fund syndication as well as cross-border transactions. Roop personally works on Capital Raising, Acquisition /strategy and JV partnership for large infrastructure projects. He has over Twenty five years of experience in the Indian Capital Market with sign [read more]

09:00 Feedback from roundtable head from previous day discussion Anant Jatia, Founder, Forefront Capital Management No session description available. Anant Jatia Founder, Forefront Capital Management Anant is a Co-Founder and Director of Forefront Capital Management, a leading quantitative investment manager in India managing discretionary and advisory mandates for institutions and high net worth individuals.Prior to co-founding Forefront Capital Management, Anant was a portfolio manager at AQR Capital Management, a twenty billion dollar quantitative hedge fund in Greenwich (Connecticut), USA. [read more]

09:10 Case study: Creating the best automated long-short funds strategy for trading India Sandeep Tyagi, Chairman & Managing Director, Estee Advisors Building a quantitative trading strategy in markets where interest rates are high Identifying what are some of the automated compliance and risk monitoring technology available for your funds strategy What are the risk-adjusted performance objectives you should be setting for best execution? Sandeep Tyagi Chairman & Managing Director, Estee Advisors In May 2008, Sandeep Tyagi founded his current venture, Estee Advisors Private Limited; a Gurgaon based privately owned, Quantitative Investment Management Company and a broker with all the major Indian exchanges (NSE, BSE, MCX-SX, and USE). Responsible for setting the firm’s direction, sustaining a winning culture and developing innovative financial products, Mr. Tyagi is a serial entrepreneur in [read more]

9:40 CIO POWER PANEL: Five hot topics in 40min Sashi Krishnan, Chief Investment Officer , Birla Sun Life Insurance A.K. Sridhar, Chief Investment Officer , IndiaFirst Life Insurance Vikas Khemani, President and Head - Institutional Equities, Edelweiss Capital Roopchand Betala, Chief Executive Officer, Volvie Capital Rajesh Kothari, Managing Director, AlfAccurate Advisors The panel will comprise of leading CIOs from the buy side who will address five top issues when investing in India. You may have challenges that you wish for the speakers to help address. Feel free to email me your topics and they will be brought up to the panelists for their consideration. Please email to Jaime.ng@wbresearch.com Sashi Krishnan Chief Investment Officer , Birla Sun Life Insurance A.K. Sridhar Chief Investment Officer , IndiaFirst Life Insurance Sridhar has over 25 years of experience in Finance, Funds Management and Business Development areas. His strength is his ability to tactfully combine his in-depth experience and knowledge with analytics, common sense and people orientation.Till mid 2009, Sridhar was the CEO of UTI International (Singapore) Ltd., an investment management Company of UTI AMC Ltd at Singapore. As a CEO of this MAS Lic [read more] Vikas Khemani President and Head - Institutional Equities, Edelweiss Capital A Fellow Member of the Indian Institute of Chartered Accountants of India and a Chartered Financial Analyst from CFA Institute, USA, Vikas, at 35 years is the youngest member of the Edelweiss Management Committee. Joining Edelweiss from ICICI Securities Ltd., at the young age of 26, at a time when the concept of derivatives was largely unknown in India, Vikas was instrumental in setting up the Alt [read more] Roopchand Betala Chief Executive Officer, Volvie Capital Roop is working with Volvie Capital as Director since 1995. Volvie Capital has office in Mumbai, Singapore and New York and works extensively on fund syndication as well as cross-border transactions. Roop personally works on Capital Raising, Acquisition /strategy and JV partnership for large infrastructure projects. He has over Twenty five years of experience in the Indian Capital Market with sign [read more] Rajesh Kothari Managing Director, AlfAccurate Advisors Rajesh Kothari is Founder and Managing Director of AlfAccurate Advisors (AAA). AAA is one of the leading Investment Advisory Firm in India and is SEBI registered PMS provider in the country. Rajesh has more than 15 years of experience in Indian capital market in the field of Equity Research and Fund Management. Prior to forming AAA, he was Fund Manager at DSP Blackrock Fund Managers and Director a [read more]

10:20 Chief Economists’ panel: How will the global economic turmoil has an impact on the acceleration of India’s growth – what does this mean for your investment in the region? Indranil Pan, Chief Economist, Kotak Mahindra Bank Jay Shankar, Chief Economist, Religare Capital Ashima Goyal, Economist, Professor, Indira Gandhi Institute for Development Research Sajjid Chinoy, India Economist, JP Morgan Shefali Anand, Staff Reporter, Wall Street Journal Examining the development of the financial markets in India and how it will impact your investments in the region Reviewing the analysis of growth in India for equity and derivatives – what are the economic indicators that will demonstrate projections for India? Identifying the role of the Indian government in pressing ahead with reforms to deepen Indian’s financial markets What are the investment strategies, risks and implications on returns you should be looking out for the next 12 months – how will these have an impact on your investment plans moving forward? Ascertaining how India’s regime shift will urge drive in investment inflows Indranil Pan Chief Economist, Kotak Mahindra Bank Jay Shankar Chief Economist, Religare Capital Ashima Goyal Economist, Professor, Indira Gandhi Institute for Development Research Ashima Goyal, professor IGIDR, Mumbai is widely published in institutional and open economy macroeconomics, international finance and governance and has participated in research projects with WB, GDN, RBI, ADB, and UN ESCAP. She is co-editor of a Routledge journal in Macroeconomics and International Finance, has received many fellowships, national and international awards, is active in the Indian [read more] Sajjid Chinoy India Economist, JP Morgan Shefali Anand Staff Reporter, Wall Street Journal Shefali Anand is a staff reporter with the Wall Street Journal in New Delhi, writing about Indian markets, finance and management. Prior to this, Ms. Anand was based at the Journal’s New York bureau, where she covered America’s nearly $12-trillion mutual fund industry and contributed to personal finance and stock market coverage.Ms. Anand has also worked with The Indian Express newspaper in Mumbai [read more]

11:00 Morning Coffee Break And Opportunity To View Exhibition Morning Coffee Break And Opportunity To View Exhibition

Stream: A - Derivatives TradingStream: B - India Hedge Fund & Investmen... 11:30 Chair’s Opening Remarks Stream: A - Derivatives Trading Anshuman Jaswal, Senior Analyst, Celent Chair’s Opening Remarks Anshuman Jaswal Senior Analyst, Celent Anshuman Jaswal is a Senior Analyst in Celent's Securities and Investments group and is based in the India office. His expertise lies in electronic trading, derivatives, market infrastructure, market regulation, brokerages, bond trading, hedge funds, and commodity markets. Mr. Jaswal has been quoted regularly in the media, including CNBC, Financial Times, Wall Street Journal, Reuters, Associated P [read more] 11:30 Chair’s Opening Remarks Stream: B - India Hedge Fund & Investment Summit Sandeep Tyagi, Chairman & Managing Director, Estee Advisors Chair’s Opening Remarks Sandeep Tyagi Chairman & Managing Director, Estee Advisors In May 2008, Sandeep Tyagi founded his current venture, Estee Advisors Private Limited; a Gurgaon based privately owned, Quantitative Investment Management Company and a broker with all the major Indian exchanges (NSE, BSE, MCX-SX, and USE). Responsible for setting the firm’s direction, sustaining a winning culture and developing innovative financial products, Mr. Tyagi is a serial entrepreneur in [read more]

Stream: A - Derivatives TradingStream: B - India Hedge Fund & Investmen... 11:40 Predicting how the Indian derivatives market will transform over the next 12 months Stream: A - Derivatives Trading Anshuman Jaswal, Senior Analyst, Celent No session description available. Anshuman Jaswal Senior Analyst, Celent Anshuman Jaswal is a Senior Analyst in Celent's Securities and Investments group and is based in the India office. His expertise lies in electronic trading, derivatives, market infrastructure, market regulation, brokerages, bond trading, hedge funds, and commodity markets. Mr. Jaswal has been quoted regularly in the media, including CNBC, Financial Times, Wall Street Journal, Reuters, Associated P [read more] 11:40 Panel discussion: Examining the future of hedge fund industry in India Stream: B - India Hedge Fund & Investment Summit Mehul Bhatt, Vice President and Head of Fund Management, HSBC Asset Management Sandeep Tyagi, Chairman & Managing Director, Estee Advisors Rajesh Kothari, Managing Director, AlfAccurate Advisors Mihir Shah, Associate, India Capital Overview of the challenges and performance of the global hedge funds industry Identifying the economic and investment fundamentals in India - how should hedge fund managers increase their allocation to grow their portfolio in this market and at what portion? What are the different types of hedge funds strategies firms are looking at now for the India market? What do investors expect from their funds in India’s changed hedge funds environment? Mehul Bhatt Vice President and Head of Fund Management, HSBC Asset Management Before joining HSBC Asset Management, Mehul Bhatt was a Fund Manager with Credit Suisse Asset Management in India. Prior to that, he was a Fund Manager at ASK Investment Managers, which managed over USD 500 million. He has over 14 years of experience of which the last 9 have been in managing discretionary equity money. He is a bottom-up stock-picker focusing on investing in stocks at attractive va [read more] Sandeep Tyagi Chairman & Managing Director, Estee Advisors In May 2008, Sandeep Tyagi founded his current venture, Estee Advisors Private Limited; a Gurgaon based privately owned, Quantitative Investment Management Company and a broker with all the major Indian exchanges (NSE, BSE, MCX-SX, and USE). Responsible for setting the firm’s direction, sustaining a winning culture and developing innovative financial products, Mr. Tyagi is a serial entrepreneur in [read more] Rajesh Kothari Managing Director, AlfAccurate Advisors Rajesh Kothari is Founder and Managing Director of AlfAccurate Advisors (AAA). AAA is one of the leading Investment Advisory Firm in India and is SEBI registered PMS provider in the country. Rajesh has more than 15 years of experience in Indian capital market in the field of Equity Research and Fund Management. Prior to forming AAA, he was Fund Manager at DSP Blackrock Fund Managers and Director a [read more] Mihir Shah Associate, India Capital Mihir Shah has been an integral part of India Capital Research (ICR) since 2010 and has over three years of prior experience in financial markets across the world, including New York, London,Tokyo and Mumbai.Mihir holds an MBA with High Honors from the University of Chicago, where he was named a Siebel Scholar. He also holds a Master’s degree in computer science from Columbia University and a Bach [read more]

Stream: A - Derivatives TradingStream: B - India Hedge Fund & Investmen... 12:20 How will effective and efficient regulation drive change within the Indian derivatives industry – what are the challenges and opportunities? Stream: A - Derivatives Trading Steven A Michael, Founder & Managing Director, Stonehenge Asset Management How can buy side traders successfully adapt to the changing regulatory environment? What do the Indian regulators need to bear in mind when deciding which derivatives should be centrally cleared in order not to stifle innovation and operation of the markets? What impact will central clearing of OTC derivatives have on the trading protocols used on both the buy side and sell side trading desk? The urgent need for transparency – an unachievable utopia? How will increased transparency into OTC trading activities impact market structure in India? Will it negatively impact liquidity or will it result in more trading activity in traditionally illiquid and opaque market sectors? Steven A Michael Founder & Managing Director, Stonehenge Asset Management Steven Michael is a founder and Managing Member of Stonehenge Capital Management, LLC, Stonehenge Asset Management, LLC, and the Manager of Stonehenge Diversified I, LLC, Stonehenge Diversified II, LLC and Forward Curve Realignment, LLC; three a US domiciled Futures and Forex funds. Steven Michael’s financial and trading career began in 1985 when he began trading in the fixed income markets and sp [read more] 12:20 Exclusive Interview: Strategies to get the best ROIs out of your investments in India Stream: B - India Hedge Fund & Investment Summit Seth Freeman, Chief Executive Officer & Chief Investment Officer, EM Capital Management Identifying the strategies and challenges to getting the best ROIs out of your investments Where and how do they source for liquidity in India? What is the spread between the local and foreign brokers? What are the pros and cons of using foreign brokers as a base in India vs offshore brokers? Establishing the need to set a permanent establishment of FII in India What are the perceived hindrances of FII in entering India’s market? Addressing the expectations and changes FII want to see moving forward Seth Freeman Chief Executive Officer & Chief Investment Officer, EM Capital Management Seth R. Freeman is the co-founder and CEO and Chief Investment Officer of EM Capital Management, LLC, a U.S. SEC registered investment adviser and fund manager specializing in emerging and frontier markets. He is the co-portfolio manager of an India-focused mutual fund and several India-focused private investment vehicles. Seth holds an MBA in International Management from Thunderbird. He is a fre [read more]

12:50 Networking lunch And Opportunity To View Exhibition Networking lunch And Opportunity To View Exhibition

Stream: A - Derivatives TradingStream: B - India Hedge Fund & Investmen... 14:20 Panel discussion: Assessing the growth of commodity markets in India – How is this making India more relevant to the global markets? Stream: A - Derivatives Trading Sandeep Tandon, Managing Director & Chief Executive Officer, Quant Capital Gaurav Arora, Managing Director, Jaypee Capital Anshuman Jaswal, Senior Analyst, Celent Hiren Chandaria, Fund Manager, Commodities, Reliance Capital Asset Management Lamon Rutten, MD & Chief Executive Officer, MCX India Given the restrictions on access, how will this impact global brokers and end-users and how can the Indian markets be more relevant globally? With the growth in product and trading volume in the Indian commodities markets, how can FCMs take advantage on this? Sandeep Tandon Managing Director & Chief Executive Officer, Quant Capital Sandeep has consistently demonstrated his leadership qualities in his 18 years of experience in the financial services industry. He deserves credit for pioneering derivatives in India, and being instrumental in successfully setting up an equity derivatives desk at leading brokerage houses in the country. Before dreaming about quant capital, Sandeep was heading the derivatives team at Kotak Securit [read more] Gaurav Arora Managing Director, Jaypee Capital Mr. Gaurav Arora stands as a true guide, giving vision to the whole group. He has a valuable experience of 21 years in the Capital Markets and has been an entrepreneur throughout. After the financial reforms of 1991 he saw an opportunity in financial services industry which led to the formation of Jaypee Capital Services Limited. He is regularly seen sharing his view with market participants in In [read more] Anshuman Jaswal Senior Analyst, Celent Anshuman Jaswal is a Senior Analyst in Celent's Securities and Investments group and is based in the India office. His expertise lies in electronic trading, derivatives, market infrastructure, market regulation, brokerages, bond trading, hedge funds, and commodity markets. Mr. Jaswal has been quoted regularly in the media, including CNBC, Financial Times, Wall Street Journal, Reuters, Associated P [read more] Hiren Chandaria Fund Manager, Commodities, Reliance Capital Asset Management Hiren Chandaria is a Fund Manager with Reliance Mutual Fund managing Commodity Funds. Prior to joining mutual fund arena he was a commodity trader with proprietary desk of Reliance Capital. He has been working with Reliance ADA group since November 2005. Hiren has undertaken various commodity related projects during the last few years. He has been invited to speak at various domestic and internati [read more] Lamon Rutten MD & Chief Executive Officer, MCX India MR. LAMON RUTTEN is Managing Director & CEO of MCX. A world-renowned authority on commodity markets, Mr. Rutten’s main area of focus at MCX is to drive the development of the entire commodities market value chain in India. Previously, Mr. Rutten was a part of the MCX team as Joint Managing Director.Mr. Rutten has served as Chief of Finance, Risk Management, and Information in the C [read more] 14:20 Panel discussion: Where are investors putting their money? Stream: B - India Hedge Fund & Investment Summit Steven A Michael, Founder & Managing Director, Stonehenge Asset Management Seth Freeman, Chief Executive Officer & Chief Investment Officer, EM Capital Management Anant Jatia, Founder, Forefront Capital Management Roopchand Betala, Chief Executive Officer, Volvie Capital Pawan Verma, Chief Operating Officer, Star Union Daichi Life Insurance Addressing current economic and market conditions in India and discover untapped investment opportunities Exploring the growth of allocation to small and/or new funds Tackling the regulatory barriers for exploring external investment structures for both inbound and outbound investments from India Assessing the net gains of diversifying into India and what are the incentives given to entice investors into the market? Are we seeing an overall increase in risk appetite for India? Steven A Michael Founder & Managing Director, Stonehenge Asset Management Steven Michael is a founder and Managing Member of Stonehenge Capital Management, LLC, Stonehenge Asset Management, LLC, and the Manager of Stonehenge Diversified I, LLC, Stonehenge Diversified II, LLC and Forward Curve Realignment, LLC; three a US domiciled Futures and Forex funds. Steven Michael’s financial and trading career began in 1985 when he began trading in the fixed income markets and sp [read more] Seth Freeman Chief Executive Officer & Chief Investment Officer, EM Capital Management Seth R. Freeman is the co-founder and CEO and Chief Investment Officer of EM Capital Management, LLC, a U.S. SEC registered investment adviser and fund manager specializing in emerging and frontier markets. He is the co-portfolio manager of an India-focused mutual fund and several India-focused private investment vehicles. Seth holds an MBA in International Management from Thunderbird. He is a fre [read more] Anant Jatia Founder, Forefront Capital Management Anant is a Co-Founder and Director of Forefront Capital Management, a leading quantitative investment manager in India managing discretionary and advisory mandates for institutions and high net worth individuals.Prior to co-founding Forefront Capital Management, Anant was a portfolio manager at AQR Capital Management, a twenty billion dollar quantitative hedge fund in Greenwich (Connecticut), USA. [read more] Roopchand Betala Chief Executive Officer, Volvie Capital Roop is working with Volvie Capital as Director since 1995. Volvie Capital has office in Mumbai, Singapore and New York and works extensively on fund syndication as well as cross-border transactions. Roop personally works on Capital Raising, Acquisition /strategy and JV partnership for large infrastructure projects. He has over Twenty five years of experience in the Indian Capital Market with sign [read more] Pawan Verma Chief Operating Officer, Star Union Daichi Life Insurance

Stream: A - Derivatives TradingStream: B - India Hedge Fund & Investmen... 15:00 Low latency trading in India and the move towards HFT platforms and market structures Stream: A - Derivatives Trading Ashish Pabalkar, Director, Algorithmic Trading, Quant Capital Defining latency: Propagation latency, transmission latency and processing latency Where to find ultra low latency innovations and how to adapt their lessons How to conduct the latency audit and who are the latency offenders Predicting the next major leap in latency - from exchange colocation to...? Observing the rise of high performance, data intensive trading applications Building algos for the India market and international trades Establishing the infrastructure to support a full-fledged HFT implementation Ashish Pabalkar Director, Algorithmic Trading, Quant Capital Ashish joined Quant from Nomura/Lehman India where he was involved with setting up the equity-linked structured products desk. Prior to Nomura, he was with Lehman Brothers, New York, on the FX derivatives desk, trading currency derivatives and structured products for the US market. His interests lie in equity and FX derivatives, systematic quant-based trading models, direct market access and low-l [read more] 15:00 India fund structure – Identifying the key challenges of tax and regulatory when investing in India Stream: B - India Hedge Fund & Investment Summit Dhaval Sanghavi, Partner – International Tax, Jitendra Sanghavi & Co Understanding the broad overview of the tax and regulatory implications of fund structures for investing in India, including foreign institutional investors (FIIs) and GST Identifying recent developments in India on tax and regulatory front and key challenges viz-a-viz India fund structures Examining the broad tax and regulatory framework for domestic funds investing abroad Addressing the unique challenges posed by the India market with trading regulations Dhaval Sanghavi Partner – International Tax, Jitendra Sanghavi & Co Dhaval Sanghavi is a Master of Commerce (University of Mumbai, India) and qualified as a Chartered Accountant (India) in 2004. He has an LL.M. in International Tax from the International Tax Centre of Leiden University, The Netherlands (2005). He completed his articleship with accounting firms in Mumbai where he worked in auditing, accounting and taxation.Dhaval joined Jitendra Sanghavi WBR_AMPERS [read more]

15:30 Afternoon coffee break And Opportunity To View Exhibition Afternoon coffee break And Opportunity To View Exhibition

16:00 Panel discussion: The evolution of listed derivatives market in India Viresh Joshi, Chief Trader Equity, Axis Asset Management Sandeep Tandon, Managing Director & Chief Executive Officer, Quant Capital Roopchand Betala, Chief Executive Officer, Volvie Capital Kunal Singh, Head of Algorithmic Trading, Edelweiss Capital What are the key drivers for growth in India and how will this impact your trading strategies? Exchange competition: what do the newest offer in terms of development of market liquidity and participation? What impact is the recent development of DMA having on the market - is India due to see a surge in algo traders and can international players access this market potential? What are the initiatives to increase growth in attracting retail investors to the market? Examining the central counterparty clearing house (CCPs) and interoperability for the Indian derivatives market – how has this progressed in the last 12 months? Viresh Joshi Chief Trader Equity, Axis Asset Management A Commerce graduate.MBA - Finance.Work Profile: Dealing in Cash and Derivatives Market, using trading system Bloomberg POMS. All trades route to the broker through bloomberg EMSX. Sandeep Tandon Managing Director & Chief Executive Officer, Quant Capital Sandeep has consistently demonstrated his leadership qualities in his 18 years of experience in the financial services industry. He deserves credit for pioneering derivatives in India, and being instrumental in successfully setting up an equity derivatives desk at leading brokerage houses in the country. Before dreaming about quant capital, Sandeep was heading the derivatives team at Kotak Securit [read more] Roopchand Betala Chief Executive Officer, Volvie Capital Roop is working with Volvie Capital as Director since 1995. Volvie Capital has office in Mumbai, Singapore and New York and works extensively on fund syndication as well as cross-border transactions. Roop personally works on Capital Raising, Acquisition /strategy and JV partnership for large infrastructure projects. He has over Twenty five years of experience in the Indian Capital Market with sign [read more] Kunal Singh Head of Algorithmic Trading, Edelweiss Capital Kunal is heading Algorithmic Trading at Edelweiss Capital. He has 5 years of proprietary trading experience at Edelweiss in Indian equity and equity derivatives. His expertise includes options and special situations trading. He has been instrumental in rolling out algorithmic trading at Edelweiss over the past one year. He is an engineer and has an MBA degree from the Indian Institute of Managemen [read more]

16:40 Chair’s closing remarks Roopchand Betala, Chief Executive Officer, Volvie Capital Chair’s closing remarks Roopchand Betala Chief Executive Officer, Volvie Capital Roop is working with Volvie Capital as Director since 1995. Volvie Capital has office in Mumbai, Singapore and New York and works extensively on fund syndication as well as cross-border transactions. Roop personally works on Capital Raising, Acquisition /strategy and JV partnership for large infrastructure projects. He has over Twenty five years of experience in the Indian Capital Market with sign [read more]

16:50 End of conference End of conference