MasterClass^TM

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First Annual MasterClass on
ACTIVIST INVESTING --

How To Pick Targets & Strategies
To Reap Big Rewards

Featuring 18 Experts

Attendance For This Program Is Limited--
Register Now

FULL DAY MASTERCLASS

Thursday, April 6, 2006
8 am -- 5 pm
University Club
New York City

PRE-CONFERENCE WORKSHOP (OPTIONAL)
Winning Legal Strategies for Activists--& Their Targets

Wednesday, April 5, 2006
2 pm -- 5 pm
University Club
New York City

EARN CLE CREDITS

Click Here to Register >>     Forward to a Colleague >>

Designed to Meet the Needs of  Institutional & Hedge Fund Investors, Investment Bankers, Placement Agents, & Proxy Solicitors, as well as the Analysts, Lawyers, Accountants, & Advisors Who Support Them

Faculty | Schedule | Registration | Location | Sponsorship | Audio Package | CLE Credit

The new barbarians are at the gate. Hardly a day passes when an activist situation is not front-page news. Recent targets include even behemoths like Time Warner, McDonalds, and General Motors. No company is safe, no matter how large.

Yet, while a lot of attention has been focused on the reasons and the impact of this activism, little has been said about how activists do what they do or about the tools they use.

Strategies are diverse --

• Some work behind the scenes in long-term partnership with managements, while others are less patient and use public filings and proxy fights to push their agendas.
• Some fight against announced mergers or go for appraisal rights to get full value for their investments.
• Some try to highlight the value of a company’s assets such as real estate, while others hope to increase value by changing management.

No matter how they do it, the goal is to create shareholder value.

The focus of this MasterClass will be on the practical aspects of being an activist investor.

Eric Rosenfeld, head of Crescendo Partners, a well-known activist firm, has invited a team of 17 prominent speakers who will share their experience and the ways they do things.

Among the investors who have already agreed to participate are –

• Bill Ackman, Pershing Square
• James Altucher, Formula Capital, & author, “Trade Like a Hedge Fund”
• Philip Goldstein, Opportunity Partners
• Tom Hudson, Pirate Capital
• Jim Mitarotonda, Barington Capital
• Manny Pearlman, Liberation Investment Group
• Peter Puccetti, Goodwood
• and many others

“In this MasterClass top activist investors and their advisors will share with you our war stories, what we have learned over the years, the types of targets we like to choose and how we go about increasing shareholder value”, says Rosenfeld. "The event will help attendees develop their understanding of the tools, pros and cons, benefits and risks, opportunities and pitfalls of being an activist.”

When you leave this MasterClass, you’ll know --

• The latest trends in activism
• Who the different players are
• How top activists think about investing
• How they choose their targets
• What tools they use to push their agendas
• How to wage proxy fights
• How to gain influence in the boardroom
• The legal pitfalls
• When an activist shouldn’t target a particular company

You should attend this MasterClass if you –

• Are a passive investor, and want to support activist investors & their agendas
• Are an activist investor, & want to benefit from your peers’ experience & know how
• Plan to become an activist investor, and are looking for role models
• Have recommendations for targets to refer to the experts
• Are an investor wanting to learn how to evaluate prospective activist managers and whether to support them in proxy fights
• Are an attorney with clients who are activist investors, or who ought to be
• Are an attorney of a potential target of activist investors, & want to dodge their crosshairs
• Are a placement agent wanting to raise funds for an activist investor
• Are a manager or a director of a public company

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Faculty

Chaired By

• Eric S. Rosenfeld, President, Crescendo Partners LP

Hosted By

• Burt Alimansky, Managing Director, Alimansky Capital Group Inc., and Chairman, The Capital Roundtable

Speakers Include

• William A. Ackman, Founder, Pershing Square Capital Management LP
• James Altucher, Managing Director, Formula Capital LP
• Max W. Batzer , Sr. Portfolio Mgr., Wynnefield Capital Inc.
• Michael C. Caulfield, General Counsel, Chief Compliance Officer, Computer Horizons Corp.
• Herbert A. Denton,General Partner, Providence Recovery Partners LLC
• Phillip Goldstein, Principal, Bulldog Investors
• Mark H. Harnett, President, MacKenzie Partners Inc.
• Thomas R. Hudson Jr. , Founding Member & Portfolio Mgr., Pirate Capital LLC
• Steven Lipin, Senior Partner, Brunswick Group LLC
• James A. Mitarotonda, Chairman & CEO. Barington Capital Group LP
• Emanuel R. Pearlman, Chairman & CEO, Liberation Investment Group LLC
• Peter H. Puccetti, Chairman & CIO, Goodwood Inc.
• Craig Wadler, Head--Alternative Capital Group, UBS Investment Bank
• Steven Wolosky, Partner, Olshan Grundman Frome Rosenzweig & Wolosky LLP
• Christopher L. Young, Dir. & Head of M&A Research, Institutional Shareholder Services Inc.
• additional speakers to be announced...

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Schedule

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Registration

• The registration fee is $1395 for the MasterClass and $495 for the Workshop-- or $1795 for both

• At the door, if space is available, the fee is $1495 for the MasterClass and $495 for the Workshop-- or $1895 for both

Click Here to Register >>     Purchase Audio Package >>

You can pay by credit card (using the links above) or by check. Mail your check and business card to: New York Business Roundtable Inc., 12 East 44 Street, Penthouse, New York, NY 10017.

If the program is oversubscribed, we will notify you immediately and not charge your credit card. (If you need to cancel, please do so by March 30 at 5:00pm, and we will credit you for a future meeting.)

From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change. We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

Have a special question? Please contact Katie Safrey at 212/832-7333 ext. 103 or by email at ksafrey@capitalroundtable.com.

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Location

University Club
One West 54 Street
New York City
212/247-2100

Please Note: Dress Code for the University Club is jacket & tie for men, and equivalent attire for woman.

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Audio Package

Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.

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CLE Credits

New York and all 50min/credit states will receive 7.00 credits for the MasterClass (professional practice) and 3.5 for the workshop.  

CA and all 60 min/credit states will receive 6.5 credits for the MasterClass and 3.0 for the workshop.

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Sponsorship

The Capital Roundtable offers excellent sponsorship opportunities to reach the middle-market M&A community. For more details, visit our Sponsorship Page or contact Katie Safrey at 212/832-7333 ext. 103 or by email at ksafrey@capitalroundtable.com.

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