Concordia University’s Goodman Institute of Investment Management in conjunction with the Toronto CFA Society is pleased to present:

Shareholder Activism: Is It Filling the Value Gap?

Have you heard the full story about shareholder activism? Activist shareholders typically target companies with a value gap — companies whose shares are failing to reach their full potential – and initiate the necessary measures to boost shareholder value. As such, shareholders are willing to take action to affect change through proxy fights more than ever before – but does it work? Is Shareholder Activism really filling the value gap?  For an in-depth look, Eric Rosenfeld (Crescendo Partners L.P.) and Leo de Bever (Alberta Investment Management Corporation) will join us to discuss their perspectives on shareholder activism and whether or not it is truly effective. Join us for what will likely be a spirited talk, to hear candid comments, and to have a unique opportunity to ask questions and interact with the speakers.  This will not be your regular luncheon… you will learn and be entertained!!!  There may even be some singing…

Date		Thursday, March 29, 2012
Location		Toronto Board of Trade Hall ABCD First Canadian Place 77 Adelaide Street West Toronto, ON Click here to view location on Google maps
Time		Noon to  to 2 p.m. (luncheon seminar)
Dress Code		Business attire is required – no jeans, runners or logo golf shirts permitted.
Tickets & Registration		Early Bird prices available before March 15, 2012 CFA Members: $40 plus applicable taxes Non-CFA Members: $60 plus applicable taxes Goodman Institute Students please register at This e-mail address is being protected from spambots. You need JavaScript enabled to view it Tables of 8: $380 plus applicable taxes Regular prices CFA Members: $50 plus applicable taxes Non-CFA Members: $70 plus applicable taxes Goodman Institute Students please register at This e-mail address is being protected from spambots. You need JavaScript enabled to view it Tables of 8: $460 plus applicable taxes Registration at the door will be an additional $10 plus applicable taxes per person, based on availability.
		Members: Please register online at torontocfa.ca (credit card payment required at time of registration). Non-Members: Contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it (credit card payment required at time of registration). For media registration and additional information, contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Restrictions may apply.

Speakers

Eric Rosenfeld, President and Chief Executive Officer of Crescendo Partners L.P.
Prior to forming Crescendo Partners, Mr. Rosenfeld held the position of Managing Director at CIBC Oppenheimer and its predecessor company Oppenheimer & Co., Inc for 14 years. Mr. Rosenfeld was Chairman of the Board of Spar Aerospace Limited from 1999 through 2001, and has also been the non-executive chairman of the board of directors for CPI Aerostructures Inc. since January 2005. He has been on 18 public company boards in Canada and the US.

Leo de Bever, PhD Chief Executive Officer Alberta Investment Management Corporation
Dr. de Bever joined the Alberta Investment Management Corporation as CEO in August 2008. Leo started his 35-year career at the Bank of Canada in Ottawa in 1975. For nearly 10 years, he served as a Senior Vice-President at the Ontario Teachers’ Pension Plan, with responsibility for long-term investment strategy, risk management, and real return assets.

Who should attend

This debate will be of interest to senior professionals in investment banking, investment management or managing hedge funds, and who are seeking value for their clients and are interested in finding out if shareholder activism is adding value to corporations and consequently investments in Canada.  Any investor would want to know if shareholder activism really works!