1-800-882-8684 • www.lifesettlementsummit.com

• Multi-strategy hedge fund perspectives on accessing the longevityasset class

• Transitioning to the tertiary market: Implications for investors, brokersand providers

• Browndorf PEM workshop on engineering life settlement hybridproducts

• Accessing the expanding Islamic finance market through Shari’ah-compliantlongevity investments

• Responding to the twin imperatives of privacy and transparency• Overcoming the challenge of negative PR• Investment best practices for pension funds and institutional investors

Sponsors:Media partners:

Jonathan SadowskyManaging Director ofFinanceBrowndorf PEM

Eamonn LingHead of InvestmentsCatalyst InvestmentGroup

Rocky Roland CFA, FounderAlternativeInvestment Services

Arthur Bowen Investment Director Tranen Capital

Thomas Schmitt Managing Partner Augur Capital LLC

Benjamin Geber CEO & Managing PartnerBally Capital Management

New for 2010:How Long Will We Live inthe 21st Century?

David Kekich President & CEO Maximum Life Foundation

Keynote Speakers:

30+ industry-leading speakers, including the followingthought-leaders, fund managers and investors:

David Nelson VP & Chief Operating OfficerChartwell AssetManagement

Robert Clayton Lau President and ChiefExecutive Officer Clayton Dunning Partners

Register for the All-Access Pass

by February 5th and SAVE $949!

Enhancing your Returns throughStrategic Investments in Life Settlements,Longevity-Linked Assets, Synthetics & LifeSettlement Securitizations

70% of speakers new for 2010!

March 24 – 25, 2010New York, NY

NASAA’s Role in the Future ofLife Settlements Regulation

Fred J JosephCommissionerColorado Securities Commission

3rd

& LongevitySummit TM

Life Settlements

“Informative, well put-on, and great networking!”- Matthew Browndorf, Founder & CIO, Browndorf PEM

• Commissioner Fred J Joseph, ColoradoSecurities Commission & Chairman, LifeSettlements Committee, North AmericanSecurities Administrators Association(NASAA) – New!

• David Kekich, President & CEO,Maximum Life Foundation – New!

• Ari Glass, President, Paine HeightsCapital Management – New!

• Bjorn Schmolck, Co-Founder, TraymarCapital Ltd – New!

• Peter Dodd, Fund Director, FortressInternational Fund Management – New!

• Matthew Browndorf, Founder & ChiefInvestment Officer, Browndorf PEM

• Jonathan Sadowsky, ManagingDirector of Finance, Browndorf PEM –New!

• Benjamin Geber, CEO & ManagingPartner, Bally Capital Management –New!

• Eamonn Ling, Head of Investments,Catalyst Investment Group

• Rocky Roland CFA, Founder, AlternativeInvestment Services – New!

• William Fink, Partner, Delta DerivativesLLC – New!

• Gene Miao, Managing Director,Highland Capital Management

• Arthur Bowen, Investment Director,Tranen Capital – New!

• David Nelson, VP & Chief OperatingOfficer, Chartwell Asset Management – New!

• Zach Murphy, Director, CRE & LongevityRisk, Silverpoint Capital LLC – New!

• Thomas Schmitt, Managing Partner,Augur Capital LLC

• Beat Hess, Managing Partner, AAPartners

• Andrew Terrell, Principal, Atlantic StreetFund Management Partners

• Robert Clayton Lau, President andChief Executive Officer, Clayton DunningPartners – New!

• Michael Freedman, SVP, GovernmentAffairs, Coventry

• Scott Willkomm, SVP, BusinessDevelopment, Coventry

• P. A. Corky Gillis, Author, “The DeathBond Conspiracy” – New!

1-800-882-8684 www.lifesettlementsummit.com 2

Who Will Attend:

■ 8% Pension Funds &Institutional Investors

■ 22% Hedge Funds

■ 15% Asset ManagementFirms & OtherBuyside

■ 15% Banks

■ 15% Life SettlementCompanies

■ 10% Law Firms

■ 10% LE Provers &Underwriters

■ 5% Other

3rd

& LongevitySummit TM

Life Settlements An Outstanding Line-up of Investors, FundManagers andIndustry Experts:

Don’t miss the BrowndorfPEM workshop on “fusion”life settlement products– see page 6!

Dear Colleague,

2010 looks set to be one of the most eventful for the life settlements market, with innovationcontinuing at a blistering pace alongside new regulatory pressures, shifting investmentdynamics, and increasingly problematic PR.

Following a misleading portrayal in the New York Times in late 2009, the life settlementsindustry has been coming under increasing scrutiny – not all of it justified. The upshot seemsto be that some form of federal oversight is coming to the marketplace in 2010, but thedetails remain uncertain. What will the impact be for investors, providers, and other marketparticipants? How will the new federal oversight interact with existing state regulations,which already exhibit significant variety? If you’re concerned about the new regulatoryenvironment, you won’t want to miss a much-awaited keynote address from CommissionerFred Joseph, Colorado Securities Commissioner and Chairman of NASAA’s new LifeSettlements Committee, who will not only speak about the new committee’s role inregulating life settlements but more broadly about the future of regulation in the space,particularly at the federal level. See page 4 for further details.At the same time, exciting new structures and investment strategies continue to supply theinnovation that is needed to overcome challenges like longevity extension risk and investor-imposed restrictions. “Fusion” products, which involve the blending of life settlements withalternative investment types, have recently been touted as an exciting hedging tool forlongevity risk – and are finally starting get the coverage they deserve. In this light, we arehonored to welcome back Matthew Browndorf from Browndorf PEM who will be leadingan in-depth workshop on the structuring challenges of life settlement hybrids (see page 3 forfurther details). Shariah-compliant investment strategies have similarly emerged in 2009to expand the investor universe for this promising, non-correlated asset class – see page 4.

With over 70% of speakers new for 2010, Finance IQ continues to deliver perspectives,keynotes, fund managers and investors that you won’t find anywhere else. New hedge fundsconfirmed to speak include Paine Heights Capital, Traymar Capital, Fortress, Tranen,Bally Capital Management, Silverpoint and Clayton Dunning, among many others.Furthermore, we are extremely excited to feature a keynote guest address by David Kekich –President & CEO of the Maximum Life Foundation – who will deliver fascinating andthought-provoking insights into the future of human longevity. Kekich – an ultra-successfulventure capital investor who turned his life to aging research after a personal tragedy at ayoung age – also boasts one of the most inspiring stories of any of our keynote speakers.More details on his unique address can be found on page 6.It’s truly an exciting time to be evaluating and/or investing in longevity-based assets. I greatlylook forward to meeting you in New York next March, at the third installment of IQPC’ssuccessful life settlements series.

Kind regards,

Toby DonovanProgram Director

For investors interested in life settlements, there are exciting opportunities buta number of pitfalls too that can catch the unwary. Attending IQPC’s LifeSettlements conference is a great way to make sense of this promising,

uncorrelated, yet challenging asset class– Christopher McGlashan, Special Counsel, Stroock & Stroock & Lavan, LLP

11:15 Investor Perspectives on Longevity Derivatives:Trading Strategies to Deliver Enhanced Returns• Packaging longevity derivatives effectively for investor and insurer groups• Considerations on indices and the capturing of sample populations• Determining the most effective use of leverage• Comparing return dynamics versus traditional investments in life

settlements• Examining the scope for further innovation in the longevity derivatives

space

Bjorn SchmolckCo-FounderTraymar Capital Ltd

Benjamin GeberCEO & Managing PartnerBally Capital Management

Beat HessManaging PartnerAA Partners

12:00 Keynote Address: Lifting the Lid on NASAA’s Role inthe Future of Life Settlements Regulation• Understanding the role of NASAA’s Life Settlements Committee in

monitoring emerging trends in the marketplace• Examining the most significant threats to investors and consumers• Considerations on whether the sale of life settlements should be

regarded as securities transactions• STOLI, insurable interest, and the future of life settlements regulation

Commissioner Fred J JosephColorado Securities Commissioner & PresidentNorth American Securities Administrators Association

12:45 Networking Luncheon

2:00 Securitization of Life Settlements: Poison or Panaceafor the Industry?• Examining the progress towards making securitization more mainstream• Understanding the obstacles to a deeper securitization market:

• Hesitancy among rating agencies• Insufficient life settlement ownership concentration • Regulatory concerns and publicity problems

• How large do we want the securitization market to be?• Pinpointing the benefits of securitization for new types of investor

Jonathan SadowskyManaging Director of FinanceBrowndorf PEM

Peter DoddFund DirectorFortress International Wealth Management

2:45 Asian Investment Interest in the Life SettlementsMarket• Identifying the sources and types of Asia-Pacific investment capital• Examining the geographical dispersal of Asian investors throughout

Thailand, Malaysia, Singapore, Hong Kong, and Australasia• Understanding the role that life settlements play in Asia-Pacific asset

allocation strategies• Overcoming the obstacles to attracting Asia-Pacific investment capital

Arthur BowenInvestment DirectorTranen Capital

Eamonn LingHead of InvestmentsCatalyst Investment Group

7:30 Coffee & Registration

8:15 Chairman’s Opening Remarks

8:30 The State of the Market Today: Innovation,Regulation and Consolidation• Examining the biggest challenges currently facing the long-term

viability of the asset class• Evaluating the success of innovation in investment product structures • A closer look at the three emerging regulatory paradigms: Which is

gaining ascendance?• Understanding the shift in market dynamics over the past year

Scott WillkommSVPCoventry

Matthew BrowndorfFounder & Chief Investment OfficerBrowndorf PEM

9:15 Investor Perspectives on the Asset Class:Understanding the Role Played by Life Settlementsin a Diversified Portfolio• Understanding the most appealing aspects of exposure to the life

settlements investment class• Identifying the dangers of investing in life settlements• Diversification strategies for life settlement investors: Determining the

most effective blends of LEs and impairment types• Linking fund structure and management style to investment horizons

and objectives• Understanding the role played by life settlements in a diversified asset

allocation strategy• Comparing longevity-based investments with alternative portfolio

diversifiers

Robert Clayton LauPresident and Chief Executive OfficerClayton Dunning Partners

David NelsonVP & Chief Operating OfficerChartwell Asset Management

Gene MiaoManaging DirectorHighland Capital Management

Ari GlassPresidentPaine Heights Capital Management

10:00 Mid-Morning Coffee & Networking Break

10:30 Accessing the Expanding Islamic Finance Marketthrough Shari’ah-Compliant Longevity Investments• Applying Islamic law to the longevity asset class• Delivering a platform that enables an investor to couple an existing or

newly acquired Shari'ah-compliant asset with longevity assets• Bundling non-correlated longevity assets with volatile distressed

Shariah assets such as Real Estate and Islamic Sukuk• Examining the dynamics of shari’ah compliant longevity investments

compared with traditional investments in the asset class

Session Reserved for Leading Law Firm

Main Conference Day 1Wednesday, March 24, 2010

3 1-800-882-8684 www.lifesettlementsummit.com

KeynoteRegulatory

Address

Hear from the Hedge

Funds

Main Conference Day 2Thursday, March 25, 2010

4:45 Afternoon Guest Address: Sex, Violence, and Stranger-Originated Life Insurance: TheInspiration Behind the “Death Bond Conspiracy”• The inspiration for the novel• Realistic? Determining the extent to which the events described in the

novel could theoretically occur today• Actual tales from the fringes of the market place

P. A. Corky GillisAuthor“The Death Bond Conspiracy”

5:30 Cocktail Reception

6:30 Networking Dinner

8:00 End of Main Conference Day 1

3:30 Transitioning to the Tertiary Market: Implications forProviders, Brokers and Investors • Measuring saturation levels: How much of the market has been

settled out? • Determining what the effects will be on market dynamics as

saturation approaches 100%• What does the tertiary market look like? What kinds of companies

will achieve dominance?• Understanding what the implications of a transitioning

market will be for providers, brokers and investors

Rocky Roland CFA, FounderAlternative Investment Services

Main Conference Day 1Continued

1-800-882-8684 www.lifesettlementsummit.com 4

• Are privacy and transparency genuinely compatible, or do they represent conflicting drivers for the marketplace?

Andrew TerrellPrincipalAtlantic Street Fund Management Partners

Benjamin GeberCEO & Managing PartnerBally Capital Management

10:45 Mid-Morning Coffee & Networking Break

11:15 The Problem of Negative PR: Is the Life SettlementsIndustry Winning or Losing the Publicity Battle?• Examining the major sources of negative publiclity over the past 18 months:

• The sub-prime debacle, and fuzzy associations with the “spectre”of life settlement securitizations

• Newspaper articles and press treatment• Sleaze, fraud, and a few “bad apples”

• Does the life settlements industry deserve the reputation it is acquiring?• Determining the most effective strategies for winning the publicity war

Eamonn LingHead of InvestmentsCatalyst Investment Group

Thomas SchmittManaging PartnerAugur Capital LLC

12:00 Choosing Between Asset Servicing Providers: Is itPurely a Question of Cost?• Understanding how market dynamics are increasing the importance of

effective asset servicing• Distinguishing between high-value and low-value servicing activities• Identifying the tools available to reduce portfolio servicing costs• Quantifying the savings possible over the lifetime of a typical portfolio• Examining the ways in which aggressive deployment of higher value

servicing activities can dramatically improve the IRR of your portfolio

William FinkPartnerDelta Derivatives LLC

7:30 Coffee & Registration

8:15 Chairman’s Opening Remarks

8:30 Pension Fund Investment Strategies: InstitutionalBest Practices for Gaining Exposure to the LongevityAsset Class• Identifying the most significant risks of investing in longevity from an

institutional viewpoint• Comparing physical and synthetic approaches to longevity investments• Considerations on making the selection between providers, LE

providers, and other investment partners• Understanding how smart policy selection can make life settlements

an LDI-suitable asset class

Zach MurphyDirector, CRE & Longevity DiskSilverpoint Capital LLC

Scott WillkommSVPCoventry

9:15 Towards a Deeper Understanding of Older-AgeMortality: What LE Providers can do to FurtherEnhance Longevity Analyses• Charting the evolution of LE perspectives on older age mortality• Understanding how the methodologies of different LE providers differ• Quantifying the differences between competing LE providers: Are

significant variances confined to the past?• Evaluating the scope for further enhancing the accuracy of LEs

Session Reserved for Leading LE Underwriter

10:00 Transparency and Privacy in the Life SettlementsMarket: Incompatible Goals?• Examining the importance of access to reliable and consistent

information on asset quality, pricing, valuation, and transaction costs

• A closer look at state and federal laws that enforce privacy of medicalrecords, including HIPAA

• Identifying the most effective strategies for ensuring transparency ofthe asset whilst maintaining the privacy of the insured

Pension Fund

InvestmentStrategies

12:45 Networking Luncheon

2:00 Keynote Guest Address: How Long Will We Live in the 21st Century?• Examining the factors that will continue to play a role in the extension

of longevity:• Biotechnology & genetic engineering• Improvements in diet • Medical advancements in the treatment of cancer, respiratory

and heart disease• Examining the factors likely to increase levels of mortality:

• Obesity & the “sedentrification” of the Western lifestyle

• Flu and the risk of pandemics• Population growth and geopolitical tensions

• Combining the factors into a unified model: How will our longevity beinfluenced by changes in 21st century life?

David KekichPresident & CEOMaximum Life Foundation

Mr. Kekich founded the country’s largest life insurancemaster general agency, co-founded a major financialservices company and arranged venture capital fundingfor private companies. He is a recognized expert onprivate investing and authored the venture capital handbook“How the Rich Get Richer with Quiet Private Investments”.

Mr. Kekich founded both public and private companies, was engaged asa consultant and served as director to numerous private and publiccorporations. He also sold and developed real estate. In 1999, Mr.Kekich founded the “Maximum Life Foundation”, a 501(c)(3)corporation dedicated to curing aging related diseases.

2:45 Post-Conference Workshop

5 1-800-882-8684 www.lifesettlementsummit.com

Main Conference Day 2Continued

Post-Conference WorkshopThursday, March 25, 2010

3:00 pm – 5:00 pm (Registration at 2:45 pm)

One of the major risks associated with traditional investments in lifesettlements is that of longevity extension: the chance that – whetherthrough underwriting error or sheer bad luck – a portfolio of lifesettlements takes longer than expected to mature. Longevity extension, ifit is acute, can significantly reduce the returns on a portfolio or eveneliminate them entirely, turning the investment into a source of loss.

One new strategy for mitigating extension risk is blending or “fusing” lifesettlements with other alternative asset classes, to create life settlement“hybrids”. These new life settlement products preserve much of theuncorrelated characteristics of the asset class, but remove the sting of apossible longevity extension scenario. Matthew Browndorf and JonathanSadowsky – both of Browndorf PEM – have pioneered the approach inrecent months, and will guide you the challenges of structuring theseinvestments most effectively.

What You Will Learn:• Understand the concept of life settlement “hybrids”• Determine the most effective assets for inclusion within fusion products• Examine the ways in which fusion products react within different market

scenarios• Identify the investor types most likely to benefit from fusion products

How You Will Benefit:• Engineer product structures that mitigate longevity risk• Reduce your exposure to underwriting error• Create new sources of diversity within a portfolio, beyond multiple lives• Attract new kinds of investor

About the Workshop Leaders:

Matthew BrowndorfFounder & Chief Investment OfficerBrowndorf PEM

Matthew C. Browndorf is the founding and managing member ofBrowndorf PEM, LLC. Mr. Browndorf has successfully led Browndorf PEMduring the past two years and navigated the Firm through perilous creditclimates to form four successful and emerging Funds with absolute returnfeatures and diverse asset classes such as Longevity, film equities and otherilliquid assets. Mr. Browndorf is a pioneer in risk-mitigation strategiesinvolving longevity-linked principal protection and structured products.

Prior to joining Browndorf PEM, Mr. Browndorf was an attorney inManhattan, New York (most notably at Bryan Cave LLP and BuchananIngersoll PC), where he represented securities brokers and private clients insecurities and white collar criminal litigation, including the notable Peopleof New York v. Kozlowski and Swartz litigation involving TYCO.

Jonathan SadowskyManaging Director of FinanceBrowndorf PEM

Jonathan T. Sadowsky, Managing Director of Finance and PortfolioManager, manages all of the Browndorf Life Settlement Funds, whichspecializes in obtaining longevity risk both in synthetic and physical form.As one of the only buy-side hedge funds to specialize in the asset class insynthetic form, Browndorf PEM specializes in a distinct combination ofqualitative and quantitative analysis to opportunistically and efficientlymanage longevity assets and their risks.

Mr. Sadowsky's prior derivatives modeling and risk managementexperience allow the fund to efficiently manage longevity risk in syntheticform, which mitigates all of the unwanted physical policy risks most lifesettlement assets carry.

Interested in attending the workshop? Make sure you register forthe All-Access Pass – Main Conference & Post-Conference Workshop– on the registration form.

Life Settlement “Hybrids”: Effectively Structuring Fusion Products to Expand theInvestor Base for Longevity-Based Investments

FutureHuman

LongevityTrends

1-800-882-8684 www.lifesettlementsummit.com 6

About Our Sponsors

Sponsorship And Exhibition OpportunitiesSponsorships and exhibits are excellent opportunities for your company to showcase its products and services to high-level, targeted decision-makersattending the 3rd Life Settlements & Longevity Summit. IQPC and Finance IQ help companies like yours achieve important sales, marketing andbranding objectives by setting aside a limited number of event sponsorships and exhibit spaces – all of which are tailored to assist your organization increating a platform to maximize its exposure at the event.

For more information on sponsoring or exhibiting at the 3rd Life Settlements & Longevity Summit, please contact Mario Matulich at212-885-2719 or sponsorship@iqpc.com.

For over 25 years, Coventry has been redefining insurance. Founded in 1982, Coventry began as an insurance marketing, productdevelopment and policy administration firm. Known as a leading innovator in the industry, Coventry assisted insurance carriers in thedevelopment of product, software and distribution. It established itself as one of the top corporate life insurance companies in Americaduring the 1990s, servicing over 70,000 policies for its corporate clients. In 1998, Coventry created the secondary market for lifeinsurance in the United States and coined the term “life settlement”. As the market leader, Coventry has structured and financedtransactions representing more than $25 billion of death benefit and has been a key driver behind the market’s rapid growth. Today,Coventry is the largest purchaser and servicer in the longevity and mortality market, employing more than 200 people. Based inPennsylvania, Coventry was the first secondary market firm to earn Standard and Poor’s highest servicer ranking (2004 and reaffirmedin 2006). In 2005, Coventry was first in revenue in the insurance category of the annual Inc. 500 listing of the fastest growing privatecompanies in America. Website: www.coventry.com

Please note multiple discounts cannot be combined.

A $99 processing charge will be assessed to all registrations not accompanied by credit card payment at the time ofregistration.

MAKE CHECKS PAYABLE IN U.S. DOLLARS TO: IQPC

* CT residents or people employed in the state of CT must add 6% sales tax.

Venue Information: Venue is to be announced. Please check the website at www.lifesettlementsummit.com forupdates and announcements.

Registration InformationBook and Pay by Book and Pay by Standard

5-Feb-10 5-Mar-10 Price

All-Access Pass: Includes Post-Conference Workshop (save $949) (save $549) (save $149)+ Main Conference $1,399 $1,799 $2,199

Conference Only (save $800) (save $300)$999 $1,499 $1,799

Workshop Only $549 $549 $549

Team Discounts: For information on team discounts, please contact IQPC Customer Service at 1-800-882-8684. Only one discount may be applied per registrant.

Special Discounts Available: A limited number of discounts are available for the non-profit sector, government organizations and academia. For moreinformation, please contact customer service at 1-800-882-8684.

Details for making payment via EFT or wire transfer:JPMorgan Chase - Penton Learning Systems LLC dbaIQPC: 957-097239ABA/Routing #: 021000021Reference: Please include the name of the attendee(s) and the event number: 17092.003

Payment Policy: Payment is due in full at the time of registration and includes lunchesand refreshment. Your registration will not be confirmed until payment is received andmay be subject to cancellation.

For IQPC’s Cancellation, Postponement and Substitution Policy, please visitwww.iqpc.com/cancellation

Special Dietary Needs: If you have a dietary restriction, please contact CustomerService at 1-800-882-8684 to discuss your specific needs.

©2010 IQPC. All Rights Reserved. The format, design, content and arrangement of thisbrochure constitute a trademark of IQPC. Unauthorized reproduction will be actionableunder the Lanham Act and common law principles.

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3rd

Life Settlements& Longevity SummitTM

❑ All Access Pass ❑ Conference Only ❑ Workshop Only

It was a great conference. The topics were well selected, and the event was very wellmanaged. Thanks for your effort. – KT Huang, Managing Director, Emeritus Group