Friday, January 19

2:30PM – 5:30PM

Financial Transactions

Chair: Jeff Maddrey, PricewaterhouseCoopers LLP, Washington, DC

2:30pm                  Derivatives with Respect to Alternative Assets.  This 
                              panel will discuss tax issues associated with derivatives
                              over alternative assets such as hedge fund interests and 
                              managed accounts. Moderator: David Miller, Cadwalader
                              Wickersham & Taft LLP, New York, NY.

3:30pm                  The "New" Identified Straddle Rules. This panel will 
                              explore practical issues with the "new" identified straddle 
                              regime of section 1092(a)(2).  Moderator: Bill Paul,
                              Covington & Burling, Washington, DC. Panelists: 
                              Michael S. Novey, Associate Tax Legislative Counsel,
                              Department of Treasury, Washington, DC.

4:30pm                  Update on Current Financial Products Issues. This 
                              panel will address current developments in financial 
                              products.  Moderator: Mark Price, KPMG LLP,
                              Washington, DC.

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