EDHEC-Risk Concept Industry Analysis Featured Analysis Latest EDHEC-Risk Surveys Features Interviews Indexes and Benchmarking FTSE EDHEC-Risk Efficient Index Series FTSE EDHEC-Risk ERAFP SRI Index EDHEC-Risk Alternative Indexes EDHEC IEIF Quarterly Commercial Property Index (France) Hedge Fund Index Research Equity Index Research Amundi "ETF, Indexing and Smart Beta Investment Strategies" Research Chair Rothschild & Cie "Active Allocation to Smart Factor Indices" Research Chair Index Regulation and Transparency ERI Scientific Beta Performance and Risk Reporting Hedge Fund Performance Performance Measurement for Traditional Investment CACEIS "New Frontiers in Risk Assessment and Performance Reporting" Research Chair Asset Allocation and Alternative Diversification Real Assets Meridiam Infrastructure/Campbell Lutyens "Infrastructure Equity Investment Management and Benchmarking" Research Chair Natixis "Investment and Governance Characteristics of Infrastructure Debt Instruments" Research Chair Société Générale Prime Services (Newedge) "Advanced Modelling for Alternative Investments" Research Chair CME Group "Exploring the Commodity Futures Risk Premium: Implications for Asset Allocation and Regulation" Strategic Research Project Asset Allocation and Derivative Instruments Volatility Research Eurex "The Benefits of Volatility Derivatives in Equity Portfolio Management" Strategic Research Project SGCIB "Structured Investment Strategies" Research ALM and Asset Allocation Solutions ALM and Private Wealth Management AXA Investment Managers "Regulation and Institutional Investment" Research Chair BNP Paribas Investment Partners "ALM and Institutional Investment Management" Research Chair Deutsche Bank "Asset-Liability Management Techniques for Sovereign Wealth Fund Management" Research Chair Lyxor "Risk Allocation Solutions" Research Chair Merrill Lynch Wealth Management "Risk Allocation Framework for Goal-Driven Investing Strategies" Research Chair Ontario Teachers' Pension Plan "Advanced Investment Solutions for Liability Hedging for Inflation Risk" Research Chair Non-Financial Risks, Regulation and Innovations Risk and Regulation in the European Fund Management Industry Index Regulation and Transparency Best Execution: MiFID and TCA Mitigating Hedge Funds Operational Risks FBF "Innovations and Regulations in Investment Banking" Research Chair EDHEC-Risk Publications All EDHEC-Risk Publications EDHEC-Risk Position Papers IPE EDHEC-Risk Institute Research Insights AsianInvestor EDHEC-Risk Institute Research Insights P&I EDHEC-Risk Institute Research for Institutional Money Management Books EDHEC-Risk Newsletter Events Events organised by EDHEC-Risk Institute EDHEC-Risk Smart Beta Day Amsterdam 2017, Amsterdam, 21 November, 2017 EDHEC-Risk Smart Beta Day North America 2017, New York, 6 December, 2017 Events involving EDHEC-Risk Institute's participation EDHEC-Risk Institute Presentation Research Programmes Research Chairs and Strategic and Private Research Projects Partnership International Advisory Board Team EDHEC-Risk News EDHEC-Risk Newsletter EDHEC-Risk Press Releases EDHEC-Risk in the Press Careers EDHEC Risk Institute-Asia EDHEC Business School EDHEC-Risk Executive Education EDHEC-Risk Advances in Asset Allocation Blended Learning Programme 2017-2018 Yale School of Management - EDHEC-Risk Institute Certificate in Risk and Investment Management Yale SOM-EDHEC-Risk Harvesting Risk Premia in Alternative Asset Classes and Investment Strategies Seminar, New Haven, 5-7 February, 2018 Investment Management Seminars Contact EDHEC-Risk Executive Education Contact Us ERI Scientific Beta EDHEC PhD in Finance
Executive Education - November 26, 2008

CFA Institute and EDHEC Business School Extend Partnership to Alternative Investment

CFA Institute and the EDHEC Risk and Asset Management Research Centre have extended their partnership in executive education events to now include an annual course on alternative investment.

The newly introduced Alternative Asset Allocation Seminar presents advanced techniques to optimise asset allocation and risk management when alternative assets–such as real estate, commodities, private equity, hedge funds, or emerging categories like infrastructure and volatility–are added to institutional portfolios. It provides senior investment professionals an opportunity to gain an in-depth understanding of the benefits of including alternative investments into multi-style multi-class portfolios and acquire the tools to maximise these advantages while controlling for market, liquidity, and operational risks.

"Alternative investments can provide novel patterns of returns and bring diversification, inflation-hedging, and downside equity risk protection to traditional portfolios," says Frédéric Ducoulombier, Director of EDHEC Asset Management Education. "Against the backdrop of the current turmoil, it is not completely surprising to find out that European and North American pension funds surveyed last month plan to further reduce their exposure to equities to free cash to invest in alternatives1."

"However, investing successfully with alternatives requires understanding their unique return dynamics, implementing operational risk controls and keeping extreme risks under check, and using approaches which optimise the benefits of their integration into institutional investors’ portfolios," he adds.

The seminar explores the latest research advances and examines best industry practices; it features instructors who combine academic expertise with industry experience:

  • François-Serge Lhabitant, PhD, Chief Investment Officer at Kedge Capital and Associate Professor of Finance at EDHEC Business School will look at the risks and return drivers of alternative investments and present quantitative and qualitative techniques to build more resilient multi-style multi-class portfolios and manage the market as well as the liquidity, valuation and counterparty risks of alternative assets.
  • Lionel Martellini, PhD, Scientific Director of the EDHEC Risk and Asset Management Research Centre, will present financial engineering techniques to improve risk budget management when alternative investments are added to asset management and liability-driven investment programmes.
  • Nicolas Mougeot, PhD, Managing Director and European Head of Global Equity Derivatives Strategy Group at Deutsche Bank, will explore the potential of volatility products and strategies for portfolio diversification and hedging of downside equity risk.
  • Christophe Reech, Chairman and founder of Reech AiM will explain how his group uses property derivatives for synthetic allocation, risk management, and alpha strategies.
  • Etienne Rouzeau, PhD, Director and Head of Allocation and Risks at Allianz Alternative Asset Management will present the state-of-the art techniques he implements to control extreme risks in funds of funds.

The inaugural Alternative Asset Allocation Seminar will be held 17-19 March at The Dorchester hotel in London. To participate, contact Mélanie Ruiz, EDHEC Asset Management Education: AMeducation@edhec-risk.com or +33 0 4 93 18 78 19.


1 Source: Pension Funds Set To Flee Equities, Steve Johnson, Financial Times, Monday, November 10, 2008.