Conference Day One: Tuesday, September 22, 2009

8:00 Registration & Coffee

8:45 Opening Remarks From IQPC And Chairperson

Forum Co-Chair:

Peter Antoszyk
Partner
Proskauer Rose Llp

9:00 The State Of The Market: Current Overview And Future Outlook

The economy, where we are and where we’re heading

Current outlook for distressed debt: Will there be more largescale deals in the coming months?
Examining the pricing trajectory for the near-term: Where will we be in the next six months?
How much worse can it get?
Consolidation of financial institutions and funds; impact on the market
Update on residential and commercial property distressed debt opportunities
Corporate bonds forecast: Which sectors are ripe for distress?

Moderator:

Peter Antoszyk
Partner
PROSKAUER ROSE LLP

Panelists:

Ivan Zinn
Founding Partner & Chief Investment Officer
ATALAYA CAPITAL MANAGEMENT

Curtis Arledge
Co-Head Of US Fixed Income
BLACKROCK INC.

Jason New
Senior Managing Director
BLACKSTONE GSO CAPITAL PARTNERS

David M. Maura
Director of Investments
HARBINGER CAPITAL PARTNERS

10:00 Government Programs Update

Current administration’s initiatives including TARP, PPIP, TALF and their impact on distressed debt

PPIP / Legacy Loan Program, Legacy Securities Program
Good bank/bad bank outlook
PPIP impact on CMBS market
FDIC
TARP - asset and portfolio acquisition opportunities
Government’s involvement in the bankruptcy process: What are the longer term impacts of such heavy government involvement in what used to be dealt with by the courts?
The role of government and government-related entities and claims in restructurings

Moderator:

Howard Altman
Co-Managing Principal
ROTHSTEIN KASS & CO.

Panelists:

Nishant Kapur
Vice President
CITIGROUP GLOBAL MARKETS INC.

David Castillo
Senior Managing Director
FURTHER LANE SECURITIES, LP

Andrew De Montille
Senior Manager, Advisory Services
ROTHSTEIN KASS & CO.

11:00 Morning Networking Break

11:30 Fund Sponsors’ Strategy Roundtable

Status of you current deals?
Which new markets are you considering?
What are your investment criteria?
Leveraged loans: Good returns so far this year for the largest names; will it continue?
Discussion on past performance vs. views of the future
Hedge funds and private equity’s role
Acquisition strategies by private equity funds to acquire special opportunities in a distressed market through debt acquisition
Raising capital: How are you finding investors? Which types of investors are you targeting? Are you using third-party marketers?
Restructuring strategies: Workout war stories
Overseas investing: New developments in the European market; Are there still deals in Asia?
Sponsor debt buy backs: New stimulus plan tax break may make this a more attractive option, but is it worth it?

Moderator:

Thomas S. Kiriakos
Partner
MAYER BROWN LLP

Panelists:

Tom McDonnell Managing Director BABSON CAPITAL MANAGEMENT LLC	David J. Breazzano President, Chief Investment Officer DDJ CAPITAL MANAGEMENT, LLC
Kate Kutasi Principal/Portfolio Manager, KDC Distressed & High Income Securities KELLNER DILEO & CO.	John Buck Vice President VERSA CAPITAL MANAGEMENT, INC.

12:30 Networking Luncheon

1:30 Distressed Debt Investing: Recent Developments

Impact of workouts, defaults & bankruptcy on distressed debt funds

Workouts from the fund perspective
Bankruptcy law update
Cram-ups/cram-downs: What works and what doesn't?
363 Sales: Recent trends and structures

Moderator:

Steven Ellis
Partner
PROSKAUER ROSE LLP

Panelists:

Paul Gordon
Managing Director
SAC CAPITAL ADVISORS

Mitchell Drucker
Managing Director
GARRISON INVESTMENT GROUP

Michael J. Egan
Executive Vice President & Chief Operating Officer
MONROE CAPITAL LLC

2:30 Operational Turnaround: A Case Study

Going beyond the debt structure
What’s the upside and when is it worth it?
Driving working capital improvement
Cash gap analysis

Presenters:

Jeff Jones
Chief Executive Officer
JC JONES & ASSOCIATES, LLC

Terry Newcomb
Partner
JC JONES & ASSOCIATES, LLC

3:30 Afternoon Networking Break

CONCURRENT SESSIONS BEGIN – Please choose Track A or B

Track A: CORPORATE

Track B: REAL ESTATE

4:00 Outlook For And Opportunities In Distressed Structured Products

Outlook for distressed CDOs, CLOs, ABS
Implications of CLO debt on the CLO and the industry: Are there thresholds and who’s making the decisions?
Secondary market: Trading structured products

Panelists:

Brett Jefferson
President
HILDENE CAPITAL MANAGEMENT

Manish Kapoor
Managing Principal
WEST WHEELOCK CAPITAL

Commercial Real Estate Distressed Debt

Pricing, supply of product or lack thereof, trends in the market
Lessons from recent retail filings
Will large scale commercial RE defaults result in large commercial RE distress or are most deals being "worked out" through extensions, low rates etc?
Securities: Pricing, any deals on horizon to securitize distressed debt
Assets (REO): Valuing, exit (sell, auction, rent)
The rush to single loan and whole loan portfolio market: Is it overcrowded with inexperience?

Moderator:

Dennis Yeskey
Managing Director
ALIXPARTNERS LLP

Panelists:

Brian Newman
Managing Principal
CERES REAL ESTATE PARTNERS, LLC

William P. Bowman
Senior Vice President, Investment Management
HARTFORD INVESTMENT MANAGEMENT

James H. Ross
Managing Member
ROSSROCK, LLC

5:00 DIP Financing: Recent Trends And Structures

Current pricing, fees and interest rates
With the increasing number of workouts and insolvencies, will we see more DIP loans?
Roll ups of old loans with the new lending
Understanding what is necessary to obtain priming liens

Moderator:

Brian Trust
Partner
MAYER BROWN LLP

Panelists:

Mark Shapiro
Head of Restructuring & Finance
BARCLAYS CAPITAL

Anand Melvani
Managing Director
BANK OF AMERICA MERRILL LYNCH