JP Conference 2014 was a great success.

Thank you very much.

Japan Pension Conference 2014

"Liberation from Benchmark Traps and the Appearance of New Active Managers"

September 18, 2014 Nagatacho, Tokyo

program

8:30

Opening

9:00

Kazuaki Sakura, President and CEO of Market Makers Co., Ltd.

9:05 – 9:35

Keynote speech

Sadayuki Horie, Senior Researcher, Nomura Research Institute, Ltd.

"Current status and issues of stock investment in pension funds"

9:35 – 10:15

BNY Mellon Asset Management Japan Co., Ltd.

Advisory Research Inc.

Managing Director Drew Edwards, Representative Analyst, Tokyo Representative Office Fumie Kikuchi

"Global small and medium-sized stock investment that is strong against lower prices"

10:15 – 10:30

break

10:30 – 11:00

Takuma Yoshida, President and CEO of Seiryu Asset Management Co., Ltd.

Gabelli Japan Co., Ltd. President and COO Hikaru Kikuchi, Senior Advisor Nobuaki Miyatake

"What is a benchmark-agnostic PMV approach? Private market value

Introducing a value investment method that combines (intrinsic value of a company) and catalyst analysis "

11:00 – 11:30

Shinsei Investment Management Co., Ltd.

DSM Capital Partners Partner Takehiko Seki

"To free from the bench mark. DSM style high quality growth stock investment method"

11:30 --12:00

Goldman Sachs Securities Co., Ltd.

Kosuke Kurosawa, General Manager, Product Development Department, Fund

"Practical use of multi-beta portfolio represented by smart beta"

12:00 – 12:45

break

12:45 – 13:30

BNY Mellon Asset Management Japan Co., Ltd.

Insight Investment Investment Specialist Charles Martin

"British, a multi-asset advanced country, background and utility of introduction"

13:30 – 14:00

Guest speaker

Axia Japan Co., Ltd. President and CEO Manabu Washio

"Opportunistic Strategy Between PE and Debt and Pension Fund as'Second Lender'"

14:00 – 14:20

break

14:20 – 14:50

Seiryu Asset Management Co., Ltd. Vice President and Representative Director Ichiro Iitaka

Crestline Investors, Inc. Asia Marketing Director Makoto Meguro

"US Middle Market Lending (MML) Investment Strategy-Overview of the US MML Market and Investment Opportunities"

14:50 – 15:35

Allianz Global Investors Japan Co., Ltd.

Product Specialist Dr. Friedrich Kruse

"Benchmark is" expected interest rate "-actual downward restraint of multi-asset solutions"

15:35 – 15:50

break

15:50 – 16:45

Dialogue

"Amada Project X The Amada Model With Growth Strategy and Financial Strategy"

□ Director, Senior Managing Executive Officer, Amada Co., Ltd.

□ Misaki Investment Co., Ltd. President Yasushi Nakagami

□ Advisory Research Inc. Managing Director Drew Edwards

16:45 – 16:55

Closing remarks

Kazuaki Sakura, President and CEO of Market Makers Co., Ltd.

17:00 – 18:45

Social gathering