Consultiva Internacional, Inc.

Consultiva's 5th Annual Conference
" In Search of Fair Value "

Friday, November 12, 2004
9:30 AM – 6:30 PM

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		Speaker	Firm
9:30 AM	Welcome	Myrna M. Rivera	Consultiva Internacional, Inc.
10:00 AM	How to Define Fair Value	Edmundo J. Garza, MBA	Consultiva Internacional, Inc.
10:30 AM	Mid Morning Break
11:00 AM	Strategies for Capitalizing on Under/Over Valued Securities (Moderator/Presenter : Irene Marom)	Panel Discussion	Consultiva Internacional, Inc.
	Long Equity	Beau Delafield	Lazard Asset Management
	Q&A
	Long Fixed Income	Robert Rodríguez	Wellington Asset Management
	Q&A
	Alternatives
	Long/Short	Rick Cortes	The Torrey Funds
	Q&A
	Real Estate	Robert Promisel	Adelante Capital Management
	Q&A
	Private Equity	Robert Dávila	Grupo Guayacan
	Q&A
	Closing Remarks	Irene Marom	Consultiva Internacional, Inc.

12:15 PM	VIP Luncheon Somebody Else's Money (Moderator/Presenter : Monika Mantilla)	John Lohr, Esq.	Consultiva Internacional, Inc.

2:00 PM	Human Behavior and the Capital Markets (Moderator/Presenter : Maria J. Miranda)
2:45 PM	Exercising Fiduciary Responsibility (Moderator/Presenter : Rafael Otaño)	Ivette Dominguez	Nationwide Financial
3:30 PM	Mid Afternoon Break
4:00 PM	Market Outlook: 2005 and Beyond (Moderator/Presenter : Pedro González Cerrud)
	US Fixed Income	Steve Luetger	Columbia Asset Management
	Q&A
	US Equity Markets	Javier Rubio, CFA	Popular Asset Management
	Q&A
	Non US Equity Markets	Juan Carlos García	Ramírez & Co.
	Q&A	Eddie Ramos	Brown Capital Management
	Commodities	Philip Gotthelf	Equidex
	Q&A
	Puerto Rico	Heidie Calero	H. Calero Consulting Group

6:10 PM	Closing Remarks	Myrna M. Rivera, CIMA	Consultiva Internacional, Inc.

6:30 PM	5th Anniversary Dinner/Dance (Moderator/Presenter : Myrna M. Rivera)		Consultiva Internacional, Inc.