Cutting-Edge Asset Management

Traditional asset management is dead - Catch the fast train to New Normal

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Next available date: 17 April

Cutting-Edge Asset Management is a unique training program for asset management professionals. It brings in current market conditions and up-to-date knowledge. The program provides the participants with a greater ability to i) see what the future has in store in that industry and ii) have a well-informed conversation on key topical asset management issues (e.g. factor investing, private equity, fintech).

The program gives you – as a participant – the big picture to help you understand where all the current conversations are coming from – their ins and outs. It is efficiently structured, covering all relevant topics in just two days.

Minimal knowledge of financial markets is assumed.

How you will benefit 

  • Get up to date with the latest developments and trends within the asset management industry
  • Understand the pitfalls of current practices
  • Learn how to allocate assets in a systematic, rigorous and cost-efficient way
  • Understand both the theory and empirical evidence behind the business case of robot investing
  • Understand the unique and serious challenges of illiquid assets
  • Learn how to design superior and coherent benchmarks in liquid and illiquid assets
  • Understand the growth of the ETF industry, of passive investing, of smart beta, and of private equity
  • Gain confidence in investing in this low interest environment

Listen to an interview with Professor Ludovic Phalippou: Podcast: Is this the most dangerous man in private equity?

Program length
2 days

Day 1 09:00 – 17:30
Day 2 09:00 – 17:30

LIQUID ASSETS

How should financial markets function?

  • Market efficiency
  • Active versus passive management
  • Technical analysis
  • Losers game
  • Evaluation of investment opportunities
  • Arbitrage
  • Short selling
  • Diversification
  • Rebalancing premium

Goal based investing

  • Mean-variance optimization
  • Life cycle portfolios
  • Efficient frontier
  • Risk parity
  • Asset liability matching
  • Tax optimization
  • Goal based investing
  • Fintech
  • Tailored portfolios
  • Risk management
  • Hedging

Benchmarking liquids

  • Performance evaluation
  • Non-linear risk and benchmarks
  • Closet indexers
  • Survivorship bias
  • Incubation
  • Sharpe ratio
  • Conflicts of interest
  • ETFs
  • Fintech

Financial markets at work 

  • Factor investing
  • Limits to arbitrage
  • Data mining
  • Back testing
  • Value investing
  • Momentum
  • Asset growth
  • Unexpected earnings and profitability factors
  • Minimum-volatility portfolios
  • Smart beta
  • Factor based investing

ILLIQUID ASSETS

Round-the-world trip of asset allocation strategies

  • Private equity
  • Infrastructure
  • Real assets
  • Real estate
  • Timber
  • Yale endowment model
  • Canadian model
  • Private partnerships
  • In-sourced asset management

Illiquid asset returns

  • Leveraged buyouts
  • Benchmarking illiquid assets
  • Internal rate of return
  • Public market equivalent
  • Factor investing with illiquid assets

Illiquid myths

  • Volatility of illiquid assets
  • Evaluating diversification benefits of illiquids
  • Alignment of interests
  • Fee structures
  • Risk measurement for illiquid assets
  • Performance persistence
  • Illiquidity premium
  • Carried interest
  • Catch up
  • Hurdle rates
  • Limited partnership agreements
  • Portfolio company fees

The Yale model is dead?! Are we all Canadians now?!

  • Disintermediation
  • Co-investment
  • Direct investing
  • Human resource decisions as implicit asset allocation choices
  • Secondary market for private equity fund stakes
  • Fire sales
  • Commitment risk

Cutting-Edge Asset Management will benefit a broad range of professionals. The program primarily targets asset owners (family offices, endowments, pension funds) and everyone else with an interest in their issues (from journalists and regulators, to asset managers and other financial intermediaries).

Minimal knowledge of financial markets is assumed.


Faculty

Ludovic Phalippou

Ludovic Phalippou is Professor of Financial Economics at the University of Oxford Saïd Business School, and works as an advisor to Blackrock Investment Institute, acting as Global Head of Private Market Research. He authored the best-selling book Private Equity Laid Bare in 2017 and was named as one of “The 40 Most Outstanding Business School Profs Under…

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  • 2 days
  • € 2500
  • Investment Management
  • English
  • 4.6 / 5

Available dates

Need help?

Find your program here or contact us directly for personal advice:
Call us at +31 20 520 0160 or email us at [email protected].

Program flyer

For a more detailed program description and information regarding faculty please download the program document.



Testimonials


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