New Frontiers in Portfolio Management
Arturo Bris

In partnership with CFA Institute
Location : Riyadh, Saudi Arabia

Objective
New Frontiers in Portfolio Management will acquaint participants with state-of-the-art techniques currently used in the asset management industry, products and analyses. Topics covered include modern trends of risk analysis (from mathematical modelization to behavioral issues), portfolio performance measurement, hedge funds, fixed income securities, and other asset classes.

Key Benefits:
By attending this program, you will:

  • Understand the close links between the macroeconomic environment and financial markets
  • Be provided with a detailed analysis of the different asset classes, their characteristics in terms of risk and return, and their contribution in an investor's portfolio
  • Learn the most recent techniques in portfolio management, performance management, and equity investments

Accreditation
Amsterdam Institute of Finance is registered with CFA Institute as an Approved Provider of continuing education programs. This program is eligible for 19.5 CE credit hours as granted by CFA Institute. If you are a CFA Institute member, CE credit for your attendance at this event will be automatically recorded in your CE Diary.

Who Should Attend?
The typical participant will be an ambitious investment professional or analyst. This includes bond and equity analysts, pension fund advisors, risk managers, private client portfolio managers, and consultants to the fund management industry. Those responsible for the management of specific portfolios within banks, pension funds, and insurance companies, are advised to attend.

Faculty
Arturo Bris is Professor of Finance at IMD, Switzerland and academic advisor to several Spanish and international institutions on financial regulation. Before joining IMD, he was the Robert B. & Candice J. Haas Associate Professor of Corporate Finance at the Yale School of Management, where he twice received the Best Teacher Award.

For information about admission, please see our Practical Information.

Program Content
Day 1
Macro Finance

Macro Finance

  • Stock and bond markets
  • Exchange rates
  • Currency areas and currency crises
  • The current economic crisis
  • Potential scenarios for the world economy

Macro Indicators Used in Portfolio Management

  • The equity risk premium
  • Stock market predictors / the stock market as predictor
  • Term spread and yield curves
  • Global predictors: dividend yields, earnings-price ratios
  • The fed model
  • Cross-sectional price of risk
  • Relative sector valuation

Day 2
Portfolio Management and Hedge Funds

Equity Portfolio Management

  • Behavioral finance and market inefficiencies
  • Size, value, momentum, contrarian strategies
  • The psychology of markets: investor psychological biases
  • Short positions in strategic asset allocation

Hedge Fund Structure and Organization

  • Structure of a hedge fund
  • Hedge fund strategies
  • Short sales and stock lending transactions
  • Statistical arbitrage and quasi-arbitrage
  • Distressed funds and event driven funds

Day 3
Performance Measurements and Advanced Topics

Performance Measurement

  • Performance attribution
  • Risk models
  • Tracking error
  • Breadth versus skill

Advanced Topics

  • Strategic asset management
  • Tactical asset allocation
  • Derivatives in portfolio management
  • Equity investment alternatives
  • Pension fund and endowment fund management

 


Location Riyadh, Saudi Arabia
Venue to be advised
 
Date
Spring 2011 - Contact info@aif.nl to receive confirmation of dates when available
   
Fee (non-CFA members)
€ 3,600  
 
CFA Institute Member/Candidate Fee
€ 3,300
(AIF programs are not subject to VAT)