Date

28 October 2010
5 April 2011
4 October 2011
                                                                                                  

Course Outline

This interactive one day programme will offer an insight into probably one of the markets’ most widely misunderstood group of money Managers.

More specifically the programme will analyse the Funds’ characteristics, the changing Investor profile, the vast range of trading strategies pursued & finally & probably most importantly, what Risk Management tools are employed

Course Content

Hedge Funds – What are they?
Hedge Funds defined. Lock-ups, Gates, Hurdle Rates
The pursuit of Absolute Return & Performance Fees.
How big is the Hedge Fund Universe? Smaller than it was
External Relationships - Prime Brokerage, Custodians, Fund Administrators
Tactics - Leverage & Short Selling. Regulatory intervention

Case Study – How do Investors choose their Hedge Fund Manager?

Why Hedge Funds? The Big Issues for Investors
Rationale for Hedge Funds in an Investors’ Portfolio. Is it still there?
The non-correlated Asset Class, Survivorship Bias, Drawdown
HNWIs leaving the ship, Institutions more cautious
Liquidity mismatch
Benchmarking problems for Hedge Fund investors

Case Study – What really puts off Investors?

Hedge Fund Investment Styles - Directional
Overview of Style variations – Directional vs non-Directional
Equity Long/Short
Distressed Debt
Managed Futures
Global Macro

Case Study – Which Commodities would have made you the most money?

Hedge Fund Investment Styles – Non-Directional
Equity Market Neutral
Event Driven/Risk Arbitrage
Fixed Income/Credit Arbitrage
Convertible Bond Arbitrage

Case Study – Hedge Fund Style Index Performance data

Risk Management for Hedge Funds
Market , leverage and Credit risk
Political and Legal risk
Gap and liquidity risk, Mark-to-market risk, Style Drift risk
Why do Hedge Funds fail? Do not forget Operational Risk
Due Diligence.
Tools for the Analysis of Financial Risk – From VaR to Stress Testing

IN ADDITION TO THE PUBLIC DATES ABOVE, THIS COURSE CAN ALSO BE TAILORED TO YOUR REQUIREMENTS AND DELIVERED IN-HOUSE FOR YOU.

PLEASE CIRCULATE THIS PDF AMONG YOUR COLLEAGUES!

IF YOU HAVE ANY QUESTIONS ABOUT THIS SEMINAR PLEASE WRITE TO US AT post@redcliffetraining.co.uk
 
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