Newport, July 11, 2008 - As a speaker on the Convergence of Family Offices, Fund of Funds and Consultants Panel, John LaPann participated in a conversation about the following issues:

• The role of a consultant in constructing a hedge*fund portfolio and the use of a fund of hedge*funds as an alternative
• The requirements for fiduciary oversight, resources, and expertise in constructing and managing an internal portfolio of hedge*funds within Consulting firms 
• The number of hedge*funds needed to make a diversified portfolio and whether some funds of hedge*funds are too diversified
• The transition from/convergence of a Family Office to a Fund Manager