| Panelists : | Mr. Jean-François Conil Lacoste, Chief Executive, ParisBourse Ltd, London and Former Chairman, Alternative Investment Management Association, London | Dr. Richard R. Lindsey, Co-President, Bear Stearns Securities Corporation, New York | Dr. Matthaeus Den Otter, Senior Manager, Swiss Federal Banking Commission, Bern | Mr. Franz Schmid, Managing Director, Swiss Life Hedge Fund Partners AG, Pfäffikon | Mr. Philippe Collot, Managing Director, Citi Alternative Investment Strategies, Citibank (Switzerland), Geneva |