Hedge Funds

Hedge funds are one of the fastest growing, yet probably least understood, sectors of the asset management industry. This course presents a detailed and comprehensive picture of the hedge fund industry.

12-DEC-2007 -- 12-DEC-2007New YorkUSD$1385
NY Institute of Finance - Downtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Lance Eckel; ] Wed Level: Intermediate
CPE Credits: 7.0

15-JAN-2008 -- 15-JAN-2008StamfordUSD$1475
NY Institute of Finance - Stamford, CT9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Chris Tidmore; ] Tue Level: Intermediate
CPE Credits: 7.0

5-MAR-2008 -- 5-MAR-2008New YorkUSD$1475
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Lance Eckel; ] Wed Level: Intermediate
CPE Credits: 7.0

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.
No advance preparation required.
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
  • Identify the issues and risks faced by hedge fund managers and hedge fund investors
This program assumes no (or very little) prior knowledge of hedge funds. While not required, attendees would benefit from having prior basic knowledge of capital markets and derivatives.
"Great job providing an overview of a complex industry."
"Instructor was well-prepared and well-informed. He used real examples to make the subject matter more interesting."
"The real life examples help you to better understand concepts."
  • Introduction to Alternative Investments - Day
  • Portfolio Management Suite
  • Wealth Management Program
    • Introduction
    • Traditional Investments and Alternative Assets
    • Rationale for Hedge Funds in an Investor’s Portfolio
    • Definition of a Hedge Fund and the Concept of Hedging
    • Common Hedge Fund Traits
    • History of the Hedge Fund Industry
    • Size and Growth of the Industry
    • Why have they been so successful? Comparisons with the ‘long-only’ world

    How a Hedge Fund Works

    • Governing Regulations
    • Legal Structures
    • Documentation

    Hedge Fund Providers and Counter-Parties

    • Outside Service Providers
    • Prime Brokerage

    Hedge Fund Strategies

    • Market Directional
    • Corporate Restructuring
    • Convergence Trading
    • Opportunistic

    Issues for Hedge Fund Investors

    • Who can invest in Hedge Funds
    • Due Diligence
    • Fees
    • Portfolio Monitoring
    • Benchmarks and Biases
    • Leverage
    • Unique Risks for Hedge Funds
    • Fund of Funds
    • Portfolio Construction

    Risk Management for Hedge Funds

    • Measures of Return
    • Measures of Risk
    • The non-correlated Asset Class
    • Tools for the Analysis of Financial Risk – From VaR to Stress Testing

    Clients who register for this course will receive a complimentary 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process and are limited to one per client. For questions about your subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

    Lunch included for all students taking day classes.