June 8, 2006

The current low volatility environment has fueled a trend towards high conviction investment management and higher risk portfolios. Is high conviction the ideal way of achieving additional return? What are the risks involved?

Our overseas speakers will address the topic from their perspectives while the panel of leading industry professionals will debate the merits of high conviction management and the implications for portfolio construction in Australia.

S P E A K E R S

Langdon B. Wheeler, CFA
CIO, Numeric Investors

Lang is the President of Numeric Investors LLC*. Prior to founding Numeric in 1989, he was employed as a portfolio manager, quantitative analyst, and Vice President in the Asset Management Division of State Street Bank & Trust Company. While at State Street, he conceived and developed the firm's Matrix Synthesis investment strategy which combines quantitative valuation and earnings estimate revision stock selection techniques.

* Numeric Investors LLC is an active quantitative manager of U.S. and international equity portfolios offering investment strategies with aggressive investment objectives. Numeric has approximately US$11billion under management.

Hugh Hunger, CFA
CIO, Global Emerging Markets, WestLB Mellon Asset Management (UK)

Hugh joined the Global Emerging Markets team at WestLB Mellon Asset Management (WMAM) as an asset manager at its inception in 1998 and was promoted to team head in September 2004. Prior to joining WMAM, Hugh worked for LGT Asset Management and Baring Asset Management as Head of Quantitative Research and Strategy. He has over twenty one years of investment management experience.

M O D E R A T O R S

in Sydney
Dr Doug McTaggart CEO, Queensland Investment Corporation

in Melbourne
Syd Bone CEO, Victorian Funds Management Corporation

P A N E L L I S T S

Kathy Cave Portfolio Manager, Russell Investment Group
Edward Dove CEO, Julius Baer Investments
Andrew Harrex Senior Investment Consultant, Mercer Investment Consulting
Tim Hughes CIO, Catholic Superannuation Fund
Hugh Hunter, CFA CIO Emerging Markets, WestLB Mellon Asset Management (UK)
David Neal Head of Investment Consulting, Watson Wyatt
Dr Dennis Sams Director of Research & Strategy, Russell Investment Group
Greg Vaughan, CFA CIO Australian Equities, WestLB Mellon Asset Management (Australia)
Lang Wheeler, CFA CIO, Numeric Investors

A G E N D A

Introduction

Hugh hunter and Lang Wheeler will give their perspectives on the topic, from their varied market and product experience.

Round Table

The moderator will take over proceedings and lead the panellists in a debate. The discussion will be interactive and the moderator will invite contributions from the audience.

Melbourne

Date Tuesday, 20th June
Time 2.15pm for 2.30pm start
Round Table ends at 5.15pm
followed by cocktails
Venue
Studio 2
Zinc at Federation Square
Cnr Flinders & Swanson Streets
Melbourne VIC 3000

Sydney

Date Wednesday, 21st June
Time 2.15pm for 2.30pm start
Round Table ends at 5.15pm
followed by cocktails
Venue
Establishment
Level 3
232 George Street
Sydney NSW 2000