Who exactly showed up at CIC's Sanya party?
China Investment Corporation, the giant sovereign wealth fund, held its own investment conference at a resort in Sanya, on Hainan Island, over the weekend of March 27-28.
The conference has been interpreted by the media as a "coming out" party for the CIC, capping a successful 2009 in which it recorded a net 17% return on its international investments.
A source has forwarded the agenda to AsianInvestor, and it explains why you may not have noticed any of these executives at the Hong Kong Rugby Sevens. Such is the price one pays to be a favoured asset manager of CIC.
Saturday, March 27
09.00-09.30 Opening session
Moderator: Gao Xiqing, vice chairman, president and CIO, CIC
Speakers: Lou Jiwei, chairman & CEO, CIC
Wei Liucheng, Party secretary, Hainan province
9.30-10.30 Keynote address
Moderator: Gao Xiqing
Speakers: Lou Jiwei
Knut Kjaer, president, RiskMetrics Group; member of international advisory council, CIC
(and formerly CIO of Norway's petroleum fund)
10.30-10.45 Tea break
10.45-12.30 Panel: Post-crisis asset allocation for private equity and other alternative asset classes
Moderator: Paul Bateman, chairman, JP Morgan Asset Management
Speakers: Volkert Doeksen, CEO, AlpInvest Partners
Martin Halusa, global CEO, Apax Partners
Hamilton James, president & COO, Blackstone Group
Tay Lim-Hock, managing director, global head of funds and co-investments, Singapore
Government Investment Corporation
12.30-14.00 Lunch: Financial sector reform in the US
Moderator: Jesse Wang, executive vice president & chief risk officer, CIC
Speaker: John Mack, chairman, Morgan Stanley
14.00-15.45 Panel: Real estate, Reits and other assets
Moderator: Owen Thomas, chairman & CEO, Morgan Stanley Real Estate Investing
Speakers: Christopher Beale, managing partner, Alinda Capital Partners
Jonathan Gray, senior managing director, co-head of real estate, Blackstone Group
Robert Steers, co-chairman and co-CEO, Cohen & Steers Capital Management
Sam Zell, chairman, Equity Group Investments
Stephen Furnary, chairman & CEO, ING Clarion
15.45-16.00 Tea break
16.00-18.00 Panel: Emerging market private equity
Moderator: Andrew Wolff, head of Asia merchant banking division, Goldman Sachs Principal
Investment Area
Speakers: Antony Leung, chairman Greater China, senior managing director, Blackstone Group
(and former Hong Kong Treasury Secretary)
Zhang Yichen, CEO, Citic Capital
Adebayo Ogunlesi, chairman and managing partner, Global Infrastructure Partners
Hoke Slaughter, head of Asia, Morgan Stanley Real Estate Investing
Sunday, March 28
09.00-10.30 Panel: Hedge-fund strategies in today's environment
Moderator: Oliver Bolitho, Asia head, Goldman Sachs Asset Management
Speakers: J. Tomilson Hill, president and CEO, Blackstone Alternative Asset Management
Nagi Robert Kawakabani, co-CEO, Brevan Howard Asset Management
Pierre Lagrange, CEO, GLG Partners
Richard Perry, CEO, Perry Capital
Mark Foote Dalton, CEO, Tudor Investment Corporation
10.30-10.45 Tea break
10.45-12.15 Panel: Distressed investing opportunities and risks
Moderator: Joseph Dear, CIO, California Public Employees' Retirement System
Speakers: Dwight Poler, managing director, Bain Capital
Susan Carter, president and CEO, Commonfund Capital
Sir Deryck Maughan, member, Kohlberg Kravis Roberts & Co.
Howard Marks, chairman, Oaktree Capital Management
Wilbur Ross, chairman and CEO, WL Ross & Co.
12.15-12.30 Closing statement
Jesse Wang and Gao Xiqing