On May 20-22, 2010 the first conference for the institutional investors, organized by Cbonds company and called the Investfunds Forum, was held in Kaliningrad. BFA Bank was an official partner of the conference. This year the conference was attended by over 180 representatives of the financial world: chief executives and portfolio managers from management companies, heads of retirement foundations, analysts, investment bankers, representatives of the endowment funds, self-regulating organizations (SROs), and the Russian and European insurance companies. The representatives of BFA Bank, BFA Investment Company and BFA Asset Management participated in the conference as well. As part of the official program of the Forum Roman Dzugayev, the Head of the Analytical Department of BFA Investment Company, made his presentation “Capital Markets: the New Challenges and Relevant Conclusions for the Portfolio Investors”. According to the Investfunds Forum organizers, the event became one of the largest visiting events for the Russian institutional investors, which allowed its participants to collaborate with the representatives from the various areas of the financial markets.