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private meetings for the worlds leading families and family offices


Prospering from Global Connections
November 15 & 16, 2011 Taj Boston, Boston MA

Partnered by alpine associates advisors socit gnrale americas securities verno capital
Gala Evening hosted by u.s. trust family office

Organized by

In affiliation with

t h e n o rt h a m e r i c a n fa m i ly o f f i c e c o n f e r e n c e

The conference chairman

Christine K. Galloway is president and CEO of Okabena Company, the Dayton family office. She is responsible for the strategic direction of the 40-year old family office in addition to management oversight of accounting, tax-planning and compliance, financial reporting, systems, insurance and investment management functions, as well as the delivery of financial planning services to Okabena clients.

featured speakers
William Orum is currently deputy chief investment officer at Capricorn Investment Group, which was created to manage the investments of eBay founder Jeffrey Skoll. Mr. Orum is responsible for asset allocation, portfolio construction, and marketable investments in the portfolio. Daniel Runde is the director of the Project on Prosperity and Development and holds the William A. Schreyer chair in Global Analysis at the Center for Strategic and International Studies. Mr. Runde focuses on private enterprise development and the role of private actors.

profile of speakers

Marie Brumley Foster is the CEO of the Zeist Family Office which includes the Zeist Company and the Zeist Foundation. The Zeist Company provides comprehensive and integrated financial, education and philanthropic support services in a cost effective manner for the descendants of Jean and George Brumley and their family foundation. Marie serves as Secretary and Treasurer of the board of the Zeist Foundation, which has a mission to support children, youth and families in the areas of education, arts & culture and health & human services throughout the state of Georgia. Douglas Bauer is the executive director of the Clark Foundation, one of the largest in the U.S. He is also executive director of The Scriven and Fernleigh Foundations. Michelle Clements serves as the family office executive and a trustee for the Burrow family office. Ms. Clements is responsible for long-term strategic planning and sits on the familys investment committee. Ted Henderson has been a managing director at Schooner Capital since 2004. He invests in U.S. venture and growth equity companies, as well as in alternative asset funds, with a particular focus on emerging markets. Jeffrey Horvitz is vice chairman of Moreland Management Company, a family investment office. He has published finance articles and co-authored the CFA Research Institute publication, Investment Management for Private Taxable Investors. James Houghton is a sixth-generation member of the Houghton family which traces its wealth to the Corning glass company. The Houghton family office became Market Street Trust Company in 1987. Nicolas Janssen is a sixth-generation member of the Solvay family. He currently works for the Belgian Foreign Ministry. Michael Kane is the founder and principal of his familys office, Kestrel Asset Management. His familys third-generation business is in the logistics industry. John Linnartz is a fifth-generation member of the Hartford family, who founded the A&P Stores in 1859. He serves his family office by performing due diligence on family and foundation investments. R. Thomas Mayes Jr. is president and CEO of Piedmont Trust Company, the family office of the Richardson family, which founded the Vicks line of over-the-counter medications. James Ruddy is president and CEO of Dillon Trust Company, LLC, a private trust company formed exclusively for the benefit of the descendants of Clarence Dillon. He is also vice-chairman of Keswick Management, Inc, a financial services firm that serves the Dillon family office. Susan Remmer Ryzewic, Ph.D. is president and CEO of EHR Investments, the Remmer family office. She is responsible for the management, coordination, and implementation of the investment process for her family. Richard Sauer is the president and CEO of Interlaken Management, LLC, a single family office providing investment oversight and financial services to trusts and related entities established for the benefit of a large, internationally dispersed family. John Stellato is executive vice president of The Pritzker Organization, LLC, a family office of the Pritzker family who founded the Hyatt Hotels chain. Lili Stiefel created the Stiefel Family Foundation with her mother in 2007. In early 2008 the foundation became a hybrid entity, with the majority of its assets held outside the 501c3 corpus to facilitate early-stage investments in renewable energy start-ups. Michael von Stumm advises Kurt A. Engelhorn and his family on their investment and philanthropic activities. This covers a number of interests including property, art and private equity investments.

For a complete list of speakers, please visit:

t h e n o rt h a m e r i c a n fa m i ly o f f i c e c o n f e r e n c e

Family offices and ultra-high-net-worth families are looking for new strategies to capitalize on and mitigate the risks of an increasingly interconnected global economy. The North American Family Office Conference, now in its fourth year, is the pre-eminent event for members of prominent families and their family office executives to learn the latest strategies for growing and preserving family wealth. In this time of slow economic growth, many family offices are re-structuring as they re-build their portfolios. Family offices must decide what services they will provide in-house and what they will out-source. Family principals and leading family office experts will discuss various structures for the family office to help families find the most efficient and cost-effective way to achieve their goals.

Key themes include:

 The impact of globalization on family office evolution  Frontier economies prospering from the global economy  New approaches to risk management  Educating your family on wealth growth and preservation  Alternatives to traditional fixed-income investments  Preserving capital while seeking alpha  Maximizing returns with sustainable investing  Structuring the family office to maximize efficiency

conference highlights include:

 Unparalleled speaking faculty with executives from the most prominent family offices from around the world  Interactive facilitated table discussions  Closed door roundtables for family principals and family office executives  Peer-to-peer networking opportunities throughout the event Gala Evening held at Fenway Park home of the Boston Red Sox

Bringing together prominent family speakers, in-depth research and a wealth of industry experience, The North American Family Office Conference is exclusively for family principals and other family members, executives from their private family offices, close advisors and significant private investors.

who qualifies to attend?

Mfo and independent advisor ticket

Following the success of last year, we are offering a maximum of 5 tickets to public multifamily offices and independent advisors. These tickets, designed to enhance the opinions and conclusions for our audience, are not expected to last long so we recommend booking early. The Taj Boston occupies the citys most prestigious address at Arlington and Newbury Streets. Renowned for its classic style and award-winning service, this 1927 landmark hotel overlooks the picturesque Public Garden. We have negotiated significant discounts for delegates interested in staying at the Taj Boston. To take advantage of these rooms please call the hotel directly at +1 (877) 482-5267 making sure you identify yourself as part of the Campden Conferences group.

the venue and accommodation

To register:

 Call us TOLL FREE on +1 (866) 902-3045  Email us at: Visit Fax back the attached registration form to +1 (866) 902-3044

t h e n o rt h a m e r i c a n fa m i ly o f f i c e c o n f e r e n c e

conference chairman christine k. galloway President & CEO, Okabena Company, MN

conference Program
Tuesday, November 15, 2011

8:15am-9:00am 9:00am-9:15am 9:15am-10:15am

Registration and refreshments Chairmans opening remarks

keynote exchange: family office evolution a global outlook Single family office executives will discuss what they see as the areas of challenge and  opportunity in 2012 and the impact of the increasing inter-connectivity of global markets on the running of their family offices.  Rising global investment allocations  Monitoring the performance of the family office in meeting various family needs   Maintaining family cohesiveness while managing dispersed family interests and family members Robert Puck President & CEO, WLD Enterprises, FL john stellato Executive Vice President, The Pritzker Organization, LLC, IL rodney wood President and CEO, Ford Estates, LLC, MI Moderator: kathryn mccarthy Advisor to families and family offices, NY 10:15am-10:45am

the role of private investors in global development

Global development is a positive feedback loop with private actors contributing capital and knowledge and participating in the newly created markets. Hear first-hand the role investors play in shaping global markets and the benefits to investors of getting involved on the ground floor. daniel runde Director, Project on Prosperity and Development, Center for Strategic and International Studies, DC

10:45am-11:15am 11:15am-12:15pm

Networking coffee break

Philanthropy and impact investing have become closely aligned. Philanthropic work often lays the foundation for successful impact investing and foundations are increasingly incorporating mission-related investments as part of their strategy. douglas bauer Executive Director, The Clark Foundation, NY lili stiefel President, Stiefel Family Foundation, CA ming wong Vice Chair, Social Investors Club, Hong Kong Moderator: michael von stumm Advisor to Kurt A. Engelhorn, Spain 12:15pm-1:15pm  ach breakout will run for 25 minutes and will be repeated so delegates may attend both E sessions.

global philanthropy and impact investing

breakout sessions

session a: preserving capital while seeking alpha  As families continue to rebuild in an uncertain economic landscape, they are looking for strategies that generate new wealth while protecting existing capital. This case study will demonstrate a strategy that allows for positive compounding and downside protection that was developed by a first-generation wealth creator. robert zoellner Founder and President, Alpine Associates Advisors, NJ Findings of proprietary research by the Institute for Private Investors (IPI) with Q&A.  Facilitator: Charlotte Beyer CEO, Institute for Private Investors, NY 1:15pm-2:30pm Lunch  amily offices are beginning to more seriously explore frontier markets in Africa, Asia F and Eastern Europe in addition to the once BRIC stepchild Russia. Investors and industry experts will detail: Investment strategies in these markets Challenges , opportunities and risks ted henderson Managing Director, Schooner Capital, MA roland Nash Chief Investment Strategist, Verno Capital, NY Doug Neimann Chief Investment Officer, Okabena Company, MN Moderator: Mariah Quish Principal, Quish & Co. LLC, CO 3:30pm-4:15pm are traditional fixed-income instruments relevant today?  Are fixed-income products as safe as they were always thought to be? Are there other products that offer liquidity and higher yields in addition to relative security? This panel will discuss recent adjustments in their fixed-income strategy and also consider: Credit risk Inflation risk Liability management Understanding the role of muni-bonds douglas dachille CEO, First Principles Capital Management, LLC, NY jeffrey horvitz Vice Chair, Moreland Management Company, MA Moderator: david spaulding Publisher, Journal of Performance Measurement, NJ 4:15pm-4:30pm Networking coffee break 2:30pm-3:30pm

session b: performance issues in the family office

emerging market and frontier investments

t h e n o rt h a m e r i c a n fa m i ly o f f i c e c o n f e r e n c e
4:30pm-5:15pm  roundtable discussions: investment management  These interactive small-group discussions will allow family members, family office managers, and advisors to share experiences and refine their own strategies for managing family investments. Topics for discussion include: New areas of interest in regards to asset classes and markets  Attracting and retaining the right investment manager The pros and cons of co-investing


gala evening at fenway park

 ll conference participants are warmly invited to join us for an exclusive gala A evening hosted by U.S. Trust Family Office at the world famous Fenway Park, homeof the Boston Red Sox since it opened in 1912.

Wednesday, November 16, 2011

8:20am-9:00am breakfast briefing: portfolio risk management solutions  Protecting wealth in uncertain economic conditions. daniel aronson Vice President, SG Americas Securities, LLC, NY 9:00am-9:15am Chairmans opening remarks and recap of day one 9:15am-10:15am rethinking risk managment Events of the last year the Arab spring, the tsunami and resulting nuclear reactor meltdown in Japan, scandals at the IMF, the European debt crisis, and the U.S. credit downgrade to name a few have taught the need to plan for the unexpected and underscore how connected global markets are. Family office executives will share how they are addressing:  Currency risks Market volatility Liquidity management Interest rates The regulatory environment michael kane President, Kestrel Asset Management, LLC, PA adam langsam Chief Investment Strategist, William Harris Investors, IL james ruddy President and CEO, Dillon Trust Company, LLC, NY  Moderator: richard sauer President and CEO, Interlaken Management LLC, CT 10:15am-10:45am 10:45am-11.10am Investment Strategies for Prospering in a Volatile Economy Family offices have to rethink their investment strategies to manage the challenges of increased global interconnectivity and extreme volatility. MSD Capital has successfully managed to achieve growth at a time when others investors have been in retreat. Hear first-hand the investment strategies this savvy investor has implemented over the past three years, and their view going forward. John Phelan, Managing Partner, MSD Capital, NY Networking coffee break

11:10am-12:10pm  educating and engaging your family on wealth growth and  ustaining wealth requires educating the next generation on the principles of wealth S management and engaging them throughout the process. Family members will share: Age appropriate conversations about wealth Education and engagement methodologies Accessing knowledge and readiness for financial responsibility Marie Foster Chairman and CEO, The Zeist Company, LLC, GA nicolas janssen Director, Solvay Family Office, Belgium susan remmer ryzewic President, EHR Investments, FL Moderator: john linnartz Managing Member, Linnartz & Associates, LLC, CT



maximizing returns with sustainable investing

Sustainable investing seeks the highest possible returns while leveraging the positive impacts on society and the environment. Capricorn Investments, the investing organization of eBay founder Jeffrey Skoll, has used a sustainable investing model since the groups inception in 2001. Learn how their experience can be applied by other investment organizations. William orum Deputy Chief Investment Officer, Capricorn Investment Group, NY

12:40pm-1:50pm Lunch 1:50pm-2:45pm structuring the family office  There are endless choices to make when either starting a new family office or transforming the family office in response to evolving needs. Family office executives will discuss: The purpose of the family office as the basis for strategy and structure What they outsource vs. what is performed in-house and why Challenges of building scale The implications of the Dodd-Frank bill michelle clements CEO, Burrow Family Office, AL james houghton Chairman of the Board, Market Street Trust Company, NY r. thomas mayes, Jr President and CEO, Piedmont Trust Company, NC Moderator: Juan Pablo Martinez-Blat Principal, OnNe Consulting, FL 2:45pm 3:00pm 3:00pm-4:00pm Chairmans closing remarks  oundtable discussions r Two separate facilitated roundtables, for family principals and family office executives, provide an intimate setting for conference participants to share and learn

t h e n o rt h a m e r i c a n fa m i ly o f f i c e c o n f e r e n c e

Partnered by

96% of our attendees rate our conferences excellent Over 70% of our attendees are family and family office members
Feedback from attendees at previous events
Thanks for the wonderful organization of the conference and the great speakers! I had a wonderful time! Next Generation Family Member I wanted to congratulate you on another splendid event. As usual, it was excellent. Family Office Executive I want to extend congratulations on an excellent conference; it was extremely worthwhile. I felt both the mix of attendees and the programming were outstanding. Family Office Advisor I thought it was great and really enjoyed and learned a lot from all of the speakers. I would love to keep in touch and hopefully participate in future events. Family Office Executive We continue to be impressed by the quality of the organization, the quality of the discussion, and the fascinating group of participants you are able to bring together. Our family and firm have benefitted greatly from our long-standing association with Campden. Family Member

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In affiliation with

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