This program examines the latest research on investment strategies. Although the program primarily focuses on quantitative strategies in U.S. equities, the basic principles can be applied to other assets and to the international arena.
The program will expose investment professionals both to fundamental concepts in portfolio management and to cutting-edge research – including new research in behavioral finance. Starting with the building blocks of risk and return, the seminar discusses building quantitative strategies, assessing and controlling investment risk, implementing strategies, and minimizing trading costs. Participants will also tackle a case study designed around the use of portfolio software for asset management. The case study will illustrate the various methodologies presented during the program, including the use of factor models for asset management. The last day of the program is devoted to the increasingly important hedge fund industry.
During This Seminar You Will Learn To:
-- Understand investment decisions that affect your company's strategic and financial objectives.
-- Interpret and use investment decisions more effectively.
-- Develop an investment strategy building from the fundamentals of risk and return and incorporating more advanced quantitative strategies.
-- Understand the differences between Capital Asset Pricing Model, Factor models, and the Arbitrage Pricing Theory.
-- Work with different valuation formulas to determine expected returns.
Incorporate behavioral finance in your analysis of investments and market behavior.
-- Analyze the impact of technological innovation, network externalities, and globalization.
Who Should Attend
The program is designed for portfolio managers and financial analysts at mutual funds and pension funds, and investment professionals at other providers of investment services, such as financial planners, insurance companies, investment banks, and commercial banks.
The seminar will also provide general managers, senior functional managers, and other nonfinancial managers, who may have no formal background in investment management, with sufficient familiarity of investment theory and practice to interpret and comfortably use investment information in their daily decisions. The program also will teach participants to communicate more effectively with investment specialists, including portfolio managers and investment product providers. It concentrates on the uses of investment information rather than on its preparation. Participants will develop skills to understand investment decisions that affect their companies' strategic and financial objectives.
Risk, Return and their Measurement
Portfolio Theory and Applications
The CAPM, Factor Models, and the Arbitrage Pricing Theory
Empirical Evidence on the CAPM and Factor Models
Factor Models in Portfolio Management
Market Efficiency and Inefficiency
The Money Management Industry