The Hedge Fund Course gives you a comprehensive view of the hedge fund industry and teaches you how to plan and select the most appropriate hedge funds suitable to any existing diversified portfolios.
Overview
Hedge funds are one of the fastest growing, yet probably least understood, sectors of the asset management industry. The CISRO’s Hedge Fund Course presents a detailed and comprehensive picture of the hedge fund industry. It is ideal for employees of funds, family offices, private client financial service providers, individual investors and others involved directly or indirectly in the development of, offering of, marketing of and investing in hedge funds. The course is divided in three parts: Part I: Understanding Hedge Funds , Part II: Investing in Hedge Funds; and Part II: Hedge Funds Operations.
Key Benefits & Takeaways
Upon completion of this course, students will be able to:
- Describe the main characteristics of hedge funds
- Distinguish among the different types and styles of hedge funds
- Explain who invests in hedge funds and why
- Evaluate the performance of Hedge based on their risk
- Identify the majors factors to be taken into account when investing in hedge funds.
- Acquire an in-depth knowledge of hedge fund of funds and the future of the hedge industry
- Identify the issues and risks faced by hedge fund managers and hedge fund investors
Who Should Attend
Employees of funds, family offices, private client financial service providers, individual investors and others involved directly or indirectly in the development of, offering of, marketing of and investing in hedge funds.
Certification
Upon successfully completing this training program, you will receive the Applied Graduate Certificate in Hedge Fund from CISRO Institute of Management. The CISRO Executive training Programs are eligible for CE credits.
Click here to view a sample of our Certificate of Completion.
This program assumes no prior knowledge of hedge funds. While not required, attendees would benefit from having prior basic knowledge of capital markets and derivatives.
Content and Objectives
Part I: Fundamentals of Hedge Funds : Upon completion of this part, students are expected to know the main reasons for the recent growth in popularity of hedge funds, the market participants, and the different hedge Fund strategies and characteristics. Namely,
- Understand the absolute return approach.
- Identify the difference between absolute return approach and relative return approach.
- Realize the hedge fund and hedge fund industry.
- Know the history, status quo, and trend of the hedge fund industry.
- Present five warning signs, when investing in hedge funds.
- Explain what Bacon’s game theory is.
- Demystify the hedge fund industry and correct some misconceptions about hedge funds.
- Distinguish between relative return managers and absolute return managers.
- Understand the reasons for performance difference.
- Realize the characteristics of hedge funds.
- Realize the main reasons why people invest in hedge funds.
- Know the concerns investors have for hedge funds.
- Understand that some of the investors concerns attribute to bias and misconceptions.
Part II: Investing in Hedge Funds: Upon completion of this part, students are expected to be able to evaluate the performance of Hedge based on their risk and to know the majors factors to be taken into account when investing in hedge funds. Namely,
- Realize six different classifications of hedge funds.
- Master hedge fund performance attribution.
- Understand the importance of performance persistence.
- Have a basic understanding about how relative-value strategies generate profits.
- Explain convertible arbitrage’s strategy, examples and performance.
- Demonstrate fix-income arbitrage’s strategy, examples and performance.
- Master equity market-neutral strategy operation and performance.
- Explain what event-driven strategies are.
- Illustrate the characteristics, performance, and process of the risk arbitrage.
- Describe distressed securities strategy’s theory, performance, example and outlook.
- Identify the different characteristics of four subgroups of opportunistic strategies.
- Understand how hedge fund managers consider opportunities and risks.
- Describe the difference between fundamental and statistical arbitrage.
- Discuss the outline of these four opportunistic strategies.
- Define the fund of hedge funds.
- Realize the liquidity, fee structure, and volatility characteristics of the fund of hedge funds.
- Illustrate the performance of fund of funds compared to equities and bonds.
- Describe the advantages of investing in funds of hedge funds.
- Illustrate disadvantages of investing in funds of hedge funds.
- Understand what factors we have to take into account when investing in funds of funds.
- Illustrate the dynamic investment process of fund of funds managers.
- Understand manager selection and monitoring.
- Realize portfolio selection and monitoring.
- Understand why funds of funds managers add value.
- Define what a bubble is in an economic sense.
- Describe what two changes have occurred in the investment industry recently.
- Understand the classification of business model.
- Realize why the notion that equity will outperform bonds in the long term is not true.
Part III: Hedge Fund Operations: Upon completion of this part, students are expected to acquire an in-depth knowledge of hedge fund of funds, the regulatory requirements and the future of the hedge industry. Namely,
The Hedge Fund Course Characteristics pdf file.