Hedge Funds

Developing, offering, marketing, and investing in hedge funds is one of the fastest growing and least understood sectors of the asset management industry. This series presents a comprehensive and accurate picture of the hedge fund industry, various hedge fund strategies, hedge fund operations, and considerations for hedge fund investors.

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Target Audience

Employees of funds, family offices, private client financial service providers, individual investors and others involved directly or indirectly in the development, offering, marketing and investing in hedge funds.

Learning Objectives

Students will be able to:

  • Specify the characteristics of a hedge fund
  • Contrast hedge funds and mutual funds
  • Understand common misconceptions about hedge funds
  • Understand the history of the hedge fund industry
  • Compare traits of alpha and edge as sources of return
  • Identify statistical measures that show hedge fund performance and risk profiles
  • Recall characteristics of leverage
  • Identify details of portfolio construction and management, including fees
  • Distinguish between directional and arbitrage strategies.
  • Identify key traits of the most common hedge fund strategies.
  • Identify the traits and experience of a good hedge fund manager.
  • Identify characteristics of hedge fund investors.
  • Characterize elements of portfolio construction.
  • Recall the due diligence process.
  • Recognize the importance of portfolio monitoring.
  • Recognize key aspects of the professional management of hedge fund portfolios.

 

Course Syllabus

 

Introduction to the Hedge Fund Industry

How a Hedge Fund Works

Topics covered include:

  • Characteristics that define hedge funds
  • Popular misconceptions about hedge funds
  • History of hedge funds
  • Size and growth of the hedge fund industry
  • Legal structures
  • Industry players

Duration: 2 hours

Topics covered include:

  • Sources of return
  • Statistical measures
  • Management and incentive fees
  • Leverage
  • Portfolio construction
  • Risk management techniques

Duration: 2 hours

Hedge Fund Strategies

Issues for Hedge Fund Investors

Topics covered include:

  • Long/short equity
  • Global macro
  • Event-driven
  • Emerging markets
  • Equity market/neutral
  • Convertible bond arbitrage
  • Dedicated short bias
  • Managed futures
  • Fixed income arbitrage

Duration: 2 hours

Topics covered include:

  • Due diligence
  • Constructing a hedge fund portfolio
  • Risk management strategies
  • Transparency issues
  • Liquidity issues
  • Client suitability
  • Sources of information on hedge funds
  • Fund-of-funds

Duration: 2 hours

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SESSIONS AVAILABLE

This New York Institute of Finance eLearning course is available 24 hours a day, 7 days a week and is designed so you can learn at your own pace - anytime and anywhere you access the Internet.

COURSE INFORMATION

Professional Credits:
CPE Credits 8
Price
$439 USD
Duration 8 Hours
Advance Preparation
No advance preparation required.
Prerequisites
This course has no prerequisites.
Instructional Method
Self-Study Online
Level
Basic