Funds, Hedge Funds and Asset Managers
New York
New York
10004
United States
What You Will Learn :
- Purpose of transaction and sources of payback: Who is the counterparty? What assets or derivatives are being financed? How will the transaction be settled or the repaid at maturity?
- Risk analysis approach: Operating environment, financial fundamentals and management
- Uncorrelated returns, volatility vs. return, drawdown statistics
- Risk and return characteristics of alternative strategies:
Description
With many businesses now working from home, we have introduced virtual learning so we can continue to deliver high quality training to the financial community as we accommodate this new way of working. Since 2003, Fitch Learning has been delivering virtual learning programs to clients and learners. Building on this extensive experience, we are now able to offer a range of public courses in a live online environment, whilst ensuring you will get the same value as you would in our classroom courses.
FUNDS, HEDGE FUNDS AND ASSET MANAGERS
The overall goal of this course is to provide participants with a structured analytic framework for the credit analysis of retail funds, alternative / hedge funds and asset managers.
INVESTMENT STRATEGIES
Differentiate the investment and trading practices and risk profile of different retail and alternative / hedge fund strategies.
- Investment strategies: Risk profile of strategy, policies, practices and restrictions
- Goals: Absolute vs. benchmarked returns; Alpha vs. beta; Minimizing correlations
- Fee structures: Upfront and performance; high water marks
- Techniques to optimize risk adjusted returns: Leverage, derivatives and short-selling
- Traditional strategies: Fixed income (money market, bond), equity and growth, value and Multi-asset strategies
- Exercise: Identifying risk profiles and trading approach of different alternative strategies
- Sources of bias in indices
- Uncorrelated returns, volatility vs. return, drawdown statistics
- Risk and return characteristics of alternative strategies:
- Global Macro
- Long / short equity
- Emerging Markets
- Equity market neutral
- Fixed income arbitrage
- Convertible arbitrage
- Event driven: distressed debt
- Event driven: risk / merger arbitrage
- Managed futures / Commodity Trading Advisers
- Multi-Strategy
- Directional vs. Relative Value strategies
Who is this course for?
Commercial and investment banking professionals responsible for credit risk management and origination. The course is also appropriate for a wider audience of risk managers, consultants, bankers, regulators and other professionals who need to understand the key risk issues of the asset management industry.
Course Supplier
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