School of Investment Management

5 days 16-20 Jul 2018, New York United States $5,415.00 Download brochure Add to basket
5 days 7-11 Oct 2018, Dubai UAE £4,595.00 Download brochure Add to basket

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Overview

Summary: A boot camp on investment management taught be an internationally renowned Finance Professor, portfolio manager, and author. A valuable workshop, with historically strong delegate course reviews, now entering its 10th year.

Teaching Methods: Traditional Lectures, Case Studies, Excel Exercises, Internet Websites, Delegate Interaction / Group Work, Discussion of Current Events


Learning Objectives and Takeaways

  • Learn How to Value a Range of Equity, Fixed Income, and Derivative Investments
  • Learn How to Construct and Rebalance Portfolios
  • Learn Techniques for Asset Allocation and Sector Rotation
  • Understand the Role of Investor Psychology in Investment Management
  • Learn Strategies of Great Investors
  • Develop Skills in Fundamental and Technical Analysis 
  • Learn Strategies Used by Successful Hedge Funds
  • Uncover Alpha Generating Investment Opportunities
  • Discover Effective Hedging Strategies and Risk Management Techniques
  • Learn How to Effectively Evaluate Investment Strategies
  • Obtain a Bookmark File of 100+ Financial Websites
  • Interact with A Group of Financial Professionals

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

New York
Bernard Duffy
Bernard duffy began his investment management career with Abbey Life in Dublin before moving to London in 1985 to work for Irish Life Assurance Plc. At Irish Life, he was responsible for investment product marketing and new fund launches and was responsible for the company’s successful entry into the single premium bond market. He joined County Bank at the end of 1986 as Research and Development executive in the unit trust division. In 1987 he transferred to the pension fund department, assuming responsibility for the management and performance of Canadian equity investments. In 1991, he was seconded to the European equity desk to manage a research project on European smaller companies. At the end of 1992, he was appointed head of the North American equity desk.

He has a B.A.(Hons) in Economics and Politics, an M.A. in Development Economics and an M.B.A. in Finance from the City  university Business School in London.

He is the course director and lead trainer on a number of Euromoney training programmes including the Investment Management School, Private Wealth Management, Hedge Funds and Investing in Art.
Dubai
Bernard Duffy
Bernard duffy began his investment management career with Abbey Life in Dublin before moving to London in 1985 to work for Irish Life Assurance Plc. At Irish Life, he was responsible for investment product marketing and new fund launches and was responsible for the company’s successful entry into the single premium bond market. He joined County Bank at the end of 1986 as Research and Development executive in the unit trust division. In 1987 he transferred to the pension fund department, assuming responsibility for the management and performance of Canadian equity investments. In 1991, he was seconded to the European equity desk to manage a research project on European smaller companies. At the end of 1992, he was appointed head of the North American equity desk.

He has a B.A.(Hons) in Economics and Politics, an M.A. in Development Economics and an M.B.A. in Finance from the City  university Business School in London.

He is the course director and lead trainer on a number of Euromoney training programmes including the Investment Management School, Private Wealth Management, Hedge Funds and Investing in Art.

Venue

New York

New York Hotel

This program takes place on a non-residential basis at a New York hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

As with all programmes on-site administrators are with you throughout the programme to ensure smooth administration and group interaction.

Dubai

Dubai Finance

This programme takes place on a non-residential basis at a central 4 to 5* Dubai hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

Related Courses

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.

inhouse-learn-more

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

Agendas are localised, please select your preferred location.

 

Day 1: Introduction to Investment Management; Equity Analysis


Workshop Introduction 

History of Portfolio Theory – Pre-Markowitz 

Modern Portfolio Theory 

  • Markowitz Portfolio Theory 
  • Capital Asset Pricing Model 
  • Efficient Market Hypothesis 
  • Arbitrage Pricing Theory 


Behavioral Finance 

  • Common Behavioral Biases 
  • Analysis of Firms Using Behavioral Finance to Outperform 


Portfolio Construction and Rebalancing Techniques 

Financial Statement Analysis 

  • Review of Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement) 
  • Ratio Analysis 
  • Red Flags 
  • Analysis of Business and Strategic Models 


Equity Valuation and Earnings Forecasts 

Conducting Primary or Original Equity Research 

Sector Rotation Strategies 

Strategies of Great Investors 

  • Benjamin Graham 
  • T. Rowe Price 
  • Philip Fisher 
  • John Templeton 
  • Warren Buffett 
  • Peter Lynch 
  • David Dreman 
  • Others

Equity Case Study


Day 2: Fixed Income Investment Management 



Macroeconomic Analysis 

  • Macroeconomic Indicators for Tracking the Economy 
  • Monetary Policy 
  • Fiscal Policy 

Interest Rate Risk 

  • Duration 
  • Convexity 


Yield 

  • Yield to Maturity 
  • Yield to Call / Yield to Worst 

Fixed Income Securities 

  • “Plain Vanilla” Bonds 
  • Floating Rate Bonds 
  • Preferred Stock 
  • Convertible Bonds 
  • Mortgage Backed Securities 
  • Treasury Inflation Protected Securities (e.g. TIPS) 


Credit Risk and Analysis 

  • Using Ratio Analysis to Estimate Credit Risk 
  • Altman Z-Score Model 


Theories of the Term Structure of Interest Rates 

  • Pure Expectations Hypothesis 
  • Liquidity Preference Theory 
  • Market Segmentation Hypothesis 
  • Preferred Habitat Theory 


Bond Valuation 

Passive Fixed Income Strategies 

  • Bond Index Funds 
  • Fixed Income ETFs 


Active Fixed Income Strategies 

  • Substitutions Swaps 
  • Inter-market Spread Swaps 
  • Rate Anticipation Swaps 
  • Pure Yield Pickup Swaps 
  • Tax Swaps 


Portfolio Immunization 

Designing a Portfolio to Match Income Needs of a Client 

Asset Allocation 

  • Strategic Asset Allocation 
  • Tactical Asset Allocation

Fixed Income Case Study


Day 3: Derivatives and Their Role in Investment Management 



Options 

  • Overview of the Options Market 


Factors Affecting Option Prices 

Options Valuation 

  • Black Scholes Model 
  • Binomial Model 

Common Option Strategies 

  • Straddle 
  • Covered Call 
  • Protected Put / Portfolio Insurance 
  • Bull Spread 
  • Bear Spread 
  • Collars 


Futures 

  • History of Futures Markets 
  • Speculation and Hedging with Futures 


Valuation of Futures Contracts 

  • Commodity Futures 
  • Financial Futures 


Information Contained in Futures Contracts 

Introduction to Swaps 

  • Equity Swaps 
  • Interest Rate Swaps 
  • Currency Swaps 


Introduction to Structured Products 

  • Principal Protected Notes 
  • Return Enhanced Notes 
  • Credit Risk 

Mutual Funds and ETFs Using Derivatives

Derivatives Case Study


Day 4: Hedge Funds and Management of Alternative Investments

 

Hedge Funds 

  • History of Hedge Funds 
  • Overview of the Hedge Fund Market 


Hedge Fund Strategies 

  • Long / Short 
  • Market Neutral 
  • Statistical Arbitrage 
  • Fixed Income Arbitrage 
  • Activist 
  • Merger Arbitrage 
  • Event Driven 
  • Global Macro 
  • Distressed 


Managing a Fund of Hedge Funds Portfolio 

Carry Trades 

Strategies of Great Hedge Fund Managers 

  • George Soros 
  • Paul Tudor Jones 
  • Ray Dalio 
  • Others 


Global Trends in Hedge Funds 

Private Equity 

  • Leveraged Buyouts (LBOs) 
  • Mezzanine Financing 
  • Venture Capital 
  • J Curve Effect 

Real Estate 

  • REITS 
  • Commercial Real Estate 
  • Timber 


Gold and Other Commodities


Hedge Fund Case Study


Day 5: Risk Management and Performance Evaluation of Investment Portfolios

 

International Investing 

  • Characteristics of Global Markets 
  • Home Country Bias 


Technical Analysis 

  • Moving Averages 
  • Oscillators 
  • Point and Figure Charts 
  • Trading Ranges 
  • Breakouts 


Risk Management of Investments 

  • Risk Levers – Market Risk, Concentration, Liquidity, Quality, Leverage 


Risk Measures 

  • Correlation 
  • Standard Deviation 
  • Semi-Deviation 
  • Value at Risk 
  • Multifactor Risk Models

 

Performance Evaluation Techniques 

  • Sharpe Ratio 
  • Treynor Measure 
  • Sortino Ratio 
  • Jensen Measure 
  • Appraisal Ratio 
  • Value at Risk 
  • Upside to Downside Capture 

The Increasingly Important Role of ETFs in Risk Management 

Portable Alpha 

Developing Your Optimal Investment Strategy

Risk Management / Performance Evaluation Case Study

Day 1: Introduction to Investment Management; Equity Analysis


Workshop Introduction 

History of Portfolio Theory – Pre-Markowitz 

Modern Portfolio Theory 

  • Markowitz Portfolio Theory 
  • Capital Asset Pricing Model 
  • Efficient Market Hypothesis 
  • Arbitrage Pricing Theory 


Behavioral Finance 

  • Common Behavioral Biases 
  • Analysis of Firms Using Behavioral Finance to Outperform 


Portfolio Construction and Rebalancing Techniques 

Financial Statement Analysis 

  • Review of Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement) 
  • Ratio Analysis 
  • Red Flags 
  • Analysis of Business and Strategic Models 


Equity Valuation and Earnings Forecasts 

Conducting Primary or Original Equity Research 

Sector Rotation Strategies 

Strategies of Great Investors 

  • Benjamin Graham 
  • T. Rowe Price 
  • Philip Fisher 
  • John Templeton 
  • Warren Buffett 
  • Peter Lynch 
  • David Dreman 
  • Others

Equity Case Study


Day 2: Fixed Income Investment Management 



Macroeconomic Analysis 

  • Macroeconomic Indicators for Tracking the Economy 
  • Monetary Policy 
  • Fiscal Policy 

Interest Rate Risk 

  • Duration 
  • Convexity 


Yield 

  • Yield to Maturity 
  • Yield to Call / Yield to Worst 

Fixed Income Securities 

  • “Plain Vanilla” Bonds 
  • Floating Rate Bonds 
  • Preferred Stock 
  • Convertible Bonds 
  • Mortgage Backed Securities 
  • Treasury Inflation Protected Securities (e.g. TIPS) 


Credit Risk and Analysis 

  • Using Ratio Analysis to Estimate Credit Risk 
  • Altman Z-Score Model 


Theories of the Term Structure of Interest Rates 

  • Pure Expectations Hypothesis 
  • Liquidity Preference Theory 
  • Market Segmentation Hypothesis 
  • Preferred Habitat Theory 


Bond Valuation 

Passive Fixed Income Strategies 

  • Bond Index Funds 
  • Fixed Income ETFs 


Active Fixed Income Strategies 

  • Substitutions Swaps 
  • Inter-market Spread Swaps 
  • Rate Anticipation Swaps 
  • Pure Yield Pickup Swaps 
  • Tax Swaps 


Portfolio Immunization 

Designing a Portfolio to Match Income Needs of a Client 

Asset Allocation 

  • Strategic Asset Allocation 
  • Tactical Asset Allocation

Fixed Income Case Study


Day 3: Derivatives and Their Role in Investment Management 



Options 

  • Overview of the Options Market 


Factors Affecting Option Prices 

Options Valuation 

  • Black Scholes Model 
  • Binomial Model 

Common Option Strategies 

  • Straddle 
  • Covered Call 
  • Protected Put / Portfolio Insurance 
  • Bull Spread 
  • Bear Spread 
  • Collars 


Futures 

  • History of Futures Markets 
  • Speculation and Hedging with Futures 


Valuation of Futures Contracts 

  • Commodity Futures 
  • Financial Futures 


Information Contained in Futures Contracts 

Introduction to Swaps 

  • Equity Swaps 
  • Interest Rate Swaps 
  • Currency Swaps 


Introduction to Structured Products 

  • Principal Protected Notes 
  • Return Enhanced Notes 
  • Credit Risk 

Mutual Funds and ETFs Using Derivatives

Derivatives Case Study


Day 4: Hedge Funds and Management of Alternative Investments

 

Hedge Funds 

  • History of Hedge Funds 
  • Overview of the Hedge Fund Market 


Hedge Fund Strategies 

  • Long / Short 
  • Market Neutral 
  • Statistical Arbitrage 
  • Fixed Income Arbitrage 
  • Activist 
  • Merger Arbitrage 
  • Event Driven 
  • Global Macro 
  • Distressed 


Managing a Fund of Hedge Funds Portfolio 

Carry Trades 

Strategies of Great Hedge Fund Managers 

  • George Soros 
  • Paul Tudor Jones 
  • Ray Dalio 
  • Others 


Global Trends in Hedge Funds 

Private Equity 

  • Leveraged Buyouts (LBOs) 
  • Mezzanine Financing 
  • Venture Capital 
  • J Curve Effect 

Real Estate 

  • REITS 
  • Commercial Real Estate 
  • Timber 


Gold and Other Commodities


Hedge Fund Case Study


Day 5: Risk Management and Performance Evaluation of Investment Portfolios

 

International Investing 

  • Characteristics of Global Markets 
  • Home Country Bias 


Technical Analysis 

  • Moving Averages 
  • Oscillators 
  • Point and Figure Charts 
  • Trading Ranges 
  • Breakouts 


Risk Management of Investments 

  • Risk Levers – Market Risk, Concentration, Liquidity, Quality, Leverage 


Risk Measures 

  • Correlation 
  • Standard Deviation 
  • Semi-Deviation 
  • Value at Risk 
  • Multifactor Risk Models

 

Performance Evaluation Techniques 

  • Sharpe Ratio 
  • Treynor Measure 
  • Sortino Ratio 
  • Jensen Measure 
  • Appraisal Ratio 
  • Value at Risk 
  • Upside to Downside Capture 

The Increasingly Important Role of ETFs in Risk Management 

Portable Alpha 

Developing Your Optimal Investment Strategy

Risk Management / Performance Evaluation Case Study

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