Alternative Investments

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Overview
The investment industry environment changed profoundly, Today investment managers and advisors have to deal with a low interest environment, an abundance of new products, robot advisors and new clients' expectations.
To continue to add value for their clients, they have to enrich their offering, notably with alternative investments. And increasing their knowledge with the last updates in the industry will also generate trust from their client, and give them a competitive advantage on their competitors.
This course will review the main alternative asset classes in depth, using current and practical examples. It will start with a review on the latest market and regulatory developments and then cover all the alternative asset classes, with a focus on the two main ones, Private Equity and Hedge Funds. The workshop will also allow delegates to exchanges their experiences, not only about the various products, but also their interactions with clients. An action plan will finish the workshop allowing delegates to be able to put in practice their learnings upon their return to their office.
 
Understand the latest market and regulatory developments Enhance the knowledge on all the alternative asset classes Widen the investments offering for the clients

Venue

London

Central London Hotel Venue

All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

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Inhouse


 

Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:





Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

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We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:


Read more about our offering or complete a call back request to speak to a learning specialist.

 

Agenda
Day 1: The market


Introduction and welcome

Alternative Investment today 

  • The market 
  • The stake holders 
  • Introducing the AIMA 
  • Discussion

Technical caracteristics 

  • Trading alternative investments 
  • Managing the risks 
  • Dealing with the illiquidity 
  • Holding alternative investments


Regulatory environment 

  • Dealing with the regulations 
  • Suitability 
  • Matching the clients’ needs 
  • The investment process 


Case study: Investing in alternatives for individual clients

Type of investors and their constraints 

  • Endowments 
  • Foundations 
  • Pension Funds: Defined benefit vs. contribution 

 Case studies: various pension funds approaches

Alternative Investments Asset Allocation 

  • Key parameters 
  • Strategic and tactical allocations 
  • Passive vs. Active management 
  • Rebalancing

 

Exercise: Setting up an AI asset allocation


Day 2: Private Equity



Private Equity markets 

  • The market today 
  • Regulatory aspects 
  • Type of private equity investments 
  • J-curve


Private Equity Funds 

  • General and Limited Partners 
  • Management fees and carried interest 
  • Deal-by-deal vs. fund-as-a-whole 
  • Potential conflict of interest 
  • Distribution waterfall 
  • Fund selection process 


 Case study: A private equity fund structure

Venture Capital 

  • Key investment considerations 
  • Investment stages 
  • Founders vs. VC’s expectations 
  • The TOPSCAN framework 


 Exercise: What makes a VC successful

Buyouts 

  • Economical aspects 
  • Key investment considerations 
  • The impact of leverage 
  • MBO vs. MBI 
  • Indices 

 Case study: A Buyout fund

Other Private Equity investments 

  • Mezanine investments 
  • Mezzanine structures 
  • Distressed securities 
  • Distressed Debt

Risk Management 

  • Liquidity risk 
  • Due diligence 
  • Key person provision 


 Case study: A big failure

Day 3: Hedge Funds



Hedge Funds Markets 

  • The market today 
  • Regulatory aspects 
  • Fees and other considerations 

 Discussion: Is it worth investing in hedge funds

Directional Strategies 

  • Equity Long-Short 
  • Discretionary and Systematic Trading 
  • Emerging markets 


 Case study: A successful long-short fund

Relative Value Strategies 

  • Equity Market Neutral 
  • Convertible Arbitrage 
  • Fixed Income Arbitrage 


 Case study: The historical strategy

Event Driven 

  • Merger Arbitrage 
  • Distressed Security 
  • Hedge Fund vs. Private Equity 

 
Exercise:
Selecting the right structure

Risk management in Hedge Funds 

  • Liquidity issues 
  • Managing the managers 
  • Style drifts 

 Case study: The LTCM failure

Investing in hedge funds 

  • Benchmarking 
  • Hedge Funds indices 
  • Divesrification effect 


 Exercise: Setting-up a hedge fund program



Day 4: Real Assets and other alternative investments



Real Assets 

  • Land 
  • Farmland 
  • Timberland 
  • Timo’s 


 Case study: Hancock Timber Resources Group

Real Estate 

  • Residential vs. commercial real estate 
  • Direct ownership 
  • REITs and other investment structures 


 Case study: Sun Hung Kai Properties

Commodities 

  • The market 
  • Physical comodities 
  • Commodity futures 
  • Indices 
  • The petroleum case

Structured Products in the USA 

  • The market today 
  • Credit Derivatives, including CDS 
  • Collateralised Debt Obligations 
  • Balance sheet vs. Arbitrage CDOs 
  • Cash vs. synthetic CDOs 


 Discussion: What will be the impacrt of the new US regulatory environment

Structured Products in the rest of the world 

  • The market today, in Europe and in Asia 
  • Capital guaranteed products 
  • Other investment products 


 Case study: A reverse convertible note

Other alternative investments 

  • New Alternatives 
  • Alternative alternatives 
  • Special cases 

 Case study: Investing in infrastructures

The Action Plan

Why us


We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product