Course Details
Course Outline
5 days course
Introductions
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An overview of trends within the industry
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The 'theoretical' backdrop – tools and concepts
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Understanding asset allocation
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Rebalancing and reallocation
Building the equity allocation
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Asset allocation and other portfolio construction disciplines
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The search for 'alpha' and the importance of information ratios
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The emergence of SMART Beta
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Performance Measurement and Attribution
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Individual investor behaviour
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Asset class characteristics
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Integrating alternative assets with 'traditional' asset classes
Building the Fixed Income Allocation
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Overview
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Type of bond
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Type of issuer
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Risks associated with fixed income
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Emerging Market Fixed income
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Hedge ratio
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Asset SWAP’s
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Yield components
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Duration hedging
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Convexity
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Fixed income attribution
Hedge funds
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The key attributes of hedge funds
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The case for investing in hedge funds
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An overview of the trading techniques and tactics - understanding short selling, leverage and derivatives
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Hedge fund styles and strategies
Risk management
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Measuring risk
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Types of risk
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The key ratios and measures
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Skewness and Kurtosis
Private equity
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Definition of Private Equity
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The main sources of Private Equity
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The case for Private Equity
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Constructing the Private Equity portfolio
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Monitoring the portfolio and measuring performance
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Measuring correlation with public markets
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Current trends in the market place
Property
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Gaining exposure to the asset class
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Performance measurement and benchmarks
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Correlation
Commodities
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Including commodities in the portfolio
Structured products
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What are structured products?
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Foreign exchange products
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Certificates
- Index
- Basket
- Comparison with mutual funds
- Covered warrants
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Capital guarantee and protection products
- Vanilla products
- Portfolio insurance
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Maximum return products
- Discount certificates
- Reverse convertibles
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Derivatives
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Exchange Traded Funds – tools for tactical asset allocation
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Ad hoc solutions or part of portfolio construction?
