Wednesday, October 6th, 2010 2:30-6:00 PM Reception to follow Herbst Theatre San Francisco War Memorial & Performing Arts Center 401 Van Ness Avenue San Francisco, CA 94102 www.irasohnsanfrancisco.com We are honored to work with our partners ABOUT THE CONFERENCE ABOUT OUR PARTNERS The Excellence in Investing conference brings together some of the world’s top investors and other prominent thinkers from Wall Street, Silicon Valley and everywhere in between. The speakers have generously agreed to share their time and ideas to benefit the Excellence in Investing for Children’s Causes Foundation. The conference allows portfolio managers, asset allocators and private investors an opportunity to learn from the insights and specific investment ideas of these highly successful speakers. Excellence in Investing was inspired by and is patterned after the Ira Sohn Investment Research Conference. A portion of the proceeds goes to The Ira Sohn Research Conference Foundation to benefit pediatric cancer research. The Guardsmen is an all-volunteer group of Bay Area men mobilizing their resources to improve the lives of at-risk youth. A portion of the proceeds goes to The Guardsmen Scholarship Program. The conference benefits education and other children’s causes. One of the primary beneficiaries is Leadership Public Schools (LPS). LPS aims to provide students from low-income, urban neighborhoods in the San Francisco Bay Area an excellent education that prepares them to succeed in college and improve their community. John H. Burbank III founded Passport Capital LLC in August 2000, where he is the sole Manag- ing Member and Chief Investment Officer. From 1999–2000, he worked as a consultant for JMG Triton Offshore, Ltd. a $1 billion market neutral arbitrage fund. Prior to that, John was Director of Research for ValueVest Management, a $150 million long/short global value fund. From 1992-1996, John held various management positions in start-up companies and was active as a private investor. John has a B.A. in English Literature from Duke University and an M.B.A. from the Stanford Graduate School of Business. Christopher Chabris is most recently co-author of the book, The Invisible Gorilla. He received his B.A. in computer science and his Ph.D. in psychology from Harvard University, where he was also a Lecturer and Research Associate. He is now Assistant Professor of Psychology at Union College in Schenectady, New York, Adjunct Assistant Professor of Neurology at Albany Medical College, and a Visiting Scholar at the MIT Center for Collective Intelligence. In 2004 Christopher Chabris and Daniel Simons received the Ig Nobel Prize in Psychology for their paper “Gorillas in Our Midst”, which inspired their book The Invisible Gorilla. Christopher writes occasionally for the Wall Street Journal, and he is a chess master and poker amateur. Richard Farber is a portfolio manager and partner for Kayne Anderson’s marketable securities activities. He is responsible for trading and hedging, as well as the arbitrage, high-yield and closed-end fund strategies. Prior to joining Kayne Anderson in 1995, Mr. Farber was vice president of Lehman Brothers’ Commodity Risk Management Group from 1990 to 1994, specializing in energy trading and hedging. He also worked at Lehman Brothers as an institutional equity trader from 1988 to 1990. From 1985 to 1986, Mr. Farber was employed by Salomon Brothers, Inc. as a mortgage bond analyst. Mr. Farber earned a B.A. in Economics from Franklin and Marshall College in 1982 and an M.B.A. in Finance from the UCLA Anderson School of Management in 1988. Mitch Julis is a founding partner, Co-Chairman and Co-CEO of Canyon Partners, LLC, a leading global alternative asset management firm headquartered in Los Angeles, California. Canyon specializes in credit-oriented investments for endowments, foundations, pension funds, sovereign wealth funds, and other institutional investors. Canyon’s hedge fund strategies focus on bank debt, distressed debt, high yield and convertible bonds, direct investments, arbitrage, and value equities. Since 1983, Mr. Julis has been a value investor in special situation debt and equity securities in the public and private markets, including bankruptcies, reorganizations and restructurings. He is a graduate of the Woodrow Wilson School at Princeton University (B.A., magna cum laude, Phi Beta Kappa), Harvard Law School (J.D., magna cum laude) and Harvard Business School (M.B.A., honors). Mr. Julis lives in Los Angeles with his wife, Joleen, and their four children. Arthur Patterson has helped management teams develop their companies into market defining leaders, serving as the lead investor. IPO’s of such companies include: Actuate, MetroPCS, Portal Soft- ware, UUnet/MCI-WorldCom, and Veritas. Prior to co-founding Accel Partners, Arthur was General Partner of Adler & Company. He started in venture capital at Citicorp Venture Capital. At Citicorp, he also managed a fund of publicly traded equities. Previously, Arthur worked in Washington for the International office of the U.S. Treasury Department, served as President of the Western Association of Venture Capitalists, and was Director of the National Venture Capital Association. He received an A.B. and an M.B.A. from Harvard. Barry Rosenstein is the founder and Managing Partner of JANA Partners LLC. JANA applies a private equity style research approach to public investing, focusing on companies with compelling valua- tions and catalysts to realize value. In addition to fundamental investing, JANA has a proven record as a corporate activist in companies including TNT, Convergys, CNET, Kerr-McGee, Artesyn, Deutsche Bourse, Houston Exploration, Herbalife, InterCept, Siebel, SourceCorp and Time Warner among others. Recently, JANA partnered with one of Canada’s largest institutional pension funds to successfully call for a restructur- ing of Dutch express and mail company TNT, and led opposition to the acquisition of Wuxi PharmaTech by Charles River Laboratories. Mr. Rosenstein graduated from Lehigh University Phi Beta Kappa and earned an M.B.A. from the University of Pennsylvania’s Wharton School of Business and is also a C.P.A. He is a trustee of Brown University and the 92nd Street Y in New York City and a board member of Make the Road New York. Robert M. Rosner is managing member and portfolio manager of Buena Vista Fund Management, which he founded in 1998. Buena Vista is a concentrated, fundamentally long/short value driven investment fund focused on the markets of non-Japan Asia. Prior to forming Buena Vista Mr. Rosner was a partner in Sofaer Capital Management, one of Asia’s first hedge funds. He began his career on Goldman Sachs’ New York equity trading desk. Mr. Rosner received an M.B.A. from Stanford Business School and a Bachelor of Arts from University of Santa Cruz. Mr. Rosner currently serves on the investment committee of the UCSF Foundation. He lives in San Francisco with his wife and two sons. Thomas A. Russo joined Gardner Russo & Gardner as a partner in 1989, where he oversees more than $3 billion through separately managed accounts and as General Partner to Semper Vic partnerships. Mr. Russo invests in cash generative industries (food, beverage, tobacco, etc.) in companies able to invest free cash flows in developing markets. Over half of his companies are non-US based (e.g., Nestlé, Richemont, Heineken, SABMiller, Pernod Ricard, Unilever, etc). Mr. Russo limits risk by paying low multiples of net free cash flow in light of prevailing interest rates. Mr. Russo invests for the very long-term, minimizing taxable investment income. Mr. Russo is a graduate of Dartmouth College (B.A., 1977), and Stanford Business and Law Schools (J.D./M.B.A., 1984). Mr. Russo is a charter member of the Advisory Board for the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School and is a member of Dartmouth College’s President Leadership Council. John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, specializing in macroeconomics, international economics and monetary policy. Among other roles in public service, he served as a mem- ber (1989-91) of the President’s Council of Economic Advisers, and as undersecretary of the Treasury for international affairs (2001-2005). His book Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis was one of the first on the financial crisis. Before join- ing the Stanford faculty in 1984, Taylor held positions as a Professor of Economics at Princeton University and Columbia University. He received a B.S. in economics summa cum laude from Princeton and a Ph.D. in economics from Stanford University. Jeffrey W. Ubben is a Founder, Chief Executive Officer and the Chief Investment Officer of ValueAct Capital. Prior to founding ValueAct Capital in 2000, Mr. Ubben was a Managing Partner at Blum Capital Part- ners for more than five years. Previously, Mr. Ubben spent eight years at Fidelity Investments where he man- aged the Fidelity Value Fund. Mr. Ubben is a director of Gartner Group, Inc., Misys, plc, and Sara Lee Corp., a former chairman and director of Martha Stewart Living Omnimedia, Inc. In addition, Mr. Ubben serves as chairman of the national board of the Posse Foundation, is on the board of trustees of Northwestern Uni- versity, and is also on the board of the American Conservatory Theater. He has a B.A. from Duke University and an M.B.A. from the J. L. Kellogg Graduate School of Management at Northwestern University. Includes personalized inscription of your choosing THE SPEAKERS Featuring the auction of a rare first edition copy of The Intelligent Investor signed by Warren Buffett