Alternative Investments Seminar - Overview6-9 February, 2012 - Singapore
Designed and delivered by a leading expert in the theory and practice of hedge fund investing, this intensive seminar equips participants with a sound understanding of the investment strategies implemented by hedge funds and commodity trading advisors
Fuelled by massive investments on the part of institutions and funds of funds, hedge funds have grown from a cottage industry catering to the needs of private wealth to a two trillion dollar business in which 10,000 managers vie for the attention of global institutional investors.
While assets under management in the hedge fund industry now surpass 2008 levels and investors are keen on upping their commitments to alternative strategies, the global financial crisis has shed light on important areas for progress and the industry is being reshaped by investors’ increased concerns for operational, administrative and risk management issues.
The significance of alternative investments within institutional portfolios is imposing new responsibilities and challenges upon hedge funds, funds of funds and institutional investors.
In this brave new world, asset allocators and their advisors need to develop a solid understanding of the sources of performance and risk drivers of alternative investment strategies. Hedge fund managers need to back-up their claims of value creation with quantitative reports on relative performance and factor exposure while hedge fund administrators and end-investors need to be able to perform such analyses independently.
Understanding and measuring risks, however, are but prerequisites for risk management; institutional investors need to combine quantitative and qualitative approaches to actively manage the liquidity, valuation, and counterparty risks of their hedge fund and managed futures investments.
Finally, as hedge fund allocations can no longer be regarded as marginal, optimally incorporating alternative strategies into institutional portfolios deserves keen attention.
Presented in a highly accessible manner, the seminar appeals to fund of hedge fund managers, investment officers and administrators working for institutional investors, and consultants and key account representatives advising high net worth investors and institutions on hedge fund matters.
- François-Serge Lhabitant, PhD, Affiliated Professor of Finance at EDHEC Business School and a member of EDHEC-Risk Institute, and Chief Investment Officer at Kedge Capital.
Key Learning Benefits:
The seminar will enable participants to:
- Understand alternative investment strategies.
- Understand the risks, return drivers, and conditional return characteristics of hedge funds and managed futures.
- Learn to address data limitations and deal with illiquidity, non-normality, and extreme risks to optimise portfolio construction in the presence of alternative assets.
- Use quantitative and qualitative techniques to manage class exposure, to minimise the liquidity, valuation, and counterparty risks of alternative investments, and to implement portfolio-wide risk management.
CFA Institute Continuing Education Credits:
As a participant in the CFA Institute Approved-Provider Programme, EDHEC-Risk Institute has determined that each of the two parts of this programme qualifies for 14 credit hours. If you are a CFA Institute member, continuing education credit for your participation in this programme will be automatically recorded in your CE Diary. Please see www.cfainstitute.org/ceprogram for more information.