LISA | Life Settlement 2nd Annual Institutional Investor Conference Agenda

LISA EVENTS

18th Annual Spring Conference May 21-23, 2012-Philadelphia,PA

For over a decade, LISA has offered business professionals excellence in life settlement conferences. Our bi-annual meetings consistently draw over 250 attendees, while our industry specific conferences gather over 100 attendees! LISA conferences are known for having the largest and most diverse gathering of industry professionals in the secondary market. Come and be apart of that experience!

Agenda

SCHEDULE OF EVENTS*

7:30AM		Registration Opens

8:00AM	8:45AM	Continental Breakfast

8:45AM	9:00AM	Welcome and Opening Remarks Darwin Bayston, Executive Director - LISA

9:00AM	09:30AM	Life Settlements: An Alternative Investment for Pension Funds, Foundations, and Endowments The current life settlement market – size, participants, environment, and challenges for pensions, foundations, and endowments – will be discussed. Craig Seitel, CEO, Axis Thought Capital

09:30M	10:30AM	Perspective and Experience of a Pension Sponsor A pension sponsor “lives the experience,” from consideration of the asset class, through the analysis and decision process, to making the investment. The key issues important to attracting pension capital will be identified and discussed. Mark P. Flaherty, Former County Controller, Allegheny County, PA

10:30AM	10:45AM	Morning Break

10:45AM	11:30AM	Understanding the Investment Attributes of a Life Settlement The requirements for institutional pension funds to invest in life settlements are unique, ranging from policy origination to portfolio structure. This session will be a dialogue addressing the issues confronting institutional pension investors. Andrew Plevin, Co-CEO, BroadRiver Asset Management, L.P. Scott Crohn, VP Asset Management President of Magna Life Settlements, Inc.

11:30AM	12:30PM	Networking Lunch

12:30PM	01:15PM	State of the Life Settlement Industry The life settlement industry has gone through a significant adjustment over the past three years. Insights into the “landscape of the present and future” will be discussed, along with how the landscape will shape the industry. Alan Buerger, CEO and Co-Founder, Coventry

01:15PM	1:45PM	Investment Strategy: Portfolio Acquisition vs. Individual Policy Origination This presentation will contrast the acquisition of existing portfolios and individual policy origination, including the advantages, disadvantages, and challenges of each. Nate Evans, President and CEO, Maple Life Financial

1:45PM	2:45PM	Perspective from the Investment Manager and Investment Management Consultant This session will focus on the role of pension consultants as the gatekeepers of investment in pension, foundation, and endowment funds. The interaction of the consultant and investment manager is the key to linking pension capital to the life settlement space. Edwin Boyer, Principal, Asset Strategy Consultants William Corry, Principal, Corry Capital Advisors

2:45PM	3:00PM	Afternoon Break
3:00PM	3:45PM	Regulatory and Legal Constraints of Pension Funds This presentation will center on the unique constraints of pension funds as they relate to investments in alternative asset classes requiring an investment structure that is acceptable to pension regulations and requirements. Laurence Hansen, Partner, Locke Lord LLP
3:45PM	4:15PM	Performance Reporting Standards for Life Settlement Portfolios Global investment performance reporting standards exist for all major asset classes. This session will explain why life settlement portfolio performance must be reported by GIPS standards and audited by the same guidelines. Darwin Bayston, Executive Director - LISA
4:15PM	5:00PM	Roundtable Discussion Our roundtable discussion will center on the criteria investors need to look for and what investors often overlook. Moderated by Darwin Bayston, Executive Director - LISA

5:00PM	6:00PM	Cocktail Reception

*LISA reserves the right to amend the times and subject matter. This schedule is tentative.