Introduction to Hedge Funds
June 10, 2013, NYC (Location) November 6, 2013, NYC (Location)
Early-bird Registration Fee: US$895.00 Register Instructor
($100 Early-bird Registration Discount Ends Oct.6)
Beginner/Intermediate Level, 7 CPE Credits
Instructor: Charles Gates
Hours: 9:00 am - 5:00 pm; Registration/Breakfast begins at 8:30 am
Since the birth of hedge funds in 1949, the concept has not only grown geometrically, it has changed its very purpose. There is an ever increasing interest from entrepreneurs, trading professionals, investors and regulators. This one day program covers the environment in which these funds operate. We focus on the purpose, structure, strategies, revenues and regulatory oversight.
Course Outline
Course Objectives
By the end of this course, participants should be able to:
- Describe hedge funds and their role in asset management
- Evaluate and analyze hedge fund strategies
- Analyse contribution of hedge funds to portfolio management
- Link investor motivations and fund selection
- Discuss current regulatory framework for hedge funds
Session 1: What are Hedge Funds
By the end of the session the course participants will be able to:
- Explain the origins of hedge funds
- Identify the role of hedge funds in portfolio management
- Describe manager motivations and measuring performance
- Evaluate the importance of “Risk-Adjusted” returns
Session 2: Understanding Hedge Fund Strategies
By the end of the session the course participants will be able to:
- Evaluate a framework for analyzing hedge fund strategies
- Employ different asset classes
- Determine how derivatives are used in hedge funds
Session 3: Common Hedge Fund Trading Strategies
By the end of the session the course participants will be able to:
- Distinguish and interpret the following strategies:
- Equity Long/Short
- Merger Arbitrage
- Relative Value
- Convertible Arbitrage
- Credit Arbitrage
- Capital Structure Arbitrage
Session 4: Hedge Fund Investors and Regulatory Issues
By the end of the session the course participants will be able to:
- Outline the universe of hedge fund investors
- Identify Qualified Institutional Investors (QIBs) and HNW investors
- Describe why investors choose particular funds
- Discuss regulatory framework and issues