Introduction to Hedge Funds

Course

In City Of London

£ 474 VAT inc.

Description

  • Type

    Course

  • Location

    City of london

  • Duration

    1 Day

Introduction to Hedge Funds is a 1-day course where the key concepts of this fascinating asset class are broken down, simplified and explained in a clear way using everyday language.

This interactive course is designed to give attendees an introduction to hedge funds and to understand the various strategies that hedge funds implement to generate returns. Through the use of interactive exercises and case studies, at the end of the training day, attendees will have a much better understanding of the way hedge funds work as well as the roles of the different market participants.

Main group assignment: Run your own Hedge Fund – We believe that the best way for attendees to put their learnings into practice is by running their own hedge fund for the day, whilst competing against the other teams. This will be in a safe environment where participants will manage a virtual account of £10m. Participants will have access to a live market platform and will be able to put a number of hedge fund strategies into practice by trading various instruments (equities, commodities, bonds and foreign exchange) in a real time environment. There will be up to four trading sessions interspersed throughout the training day. Participants will have to present quarterly reporting results and explain the rationale for their trading strategies.

Facilities

Location

Start date

City Of London (London)
See map

Start date

On request

About this course

This introductory course is aimed at all business or finance professionals who work at a hedge fund, investor or service provider, and need an understanding and overview of what the industry is about.

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Reviews

Subjects

  • Access
  • Foreign Exchange
  • Hedge Fund
  • Trading
  • Market
  • Team Training
  • Equity
  • Fund strategies
  • Macro
  • Investors

Course programme

Key Learning Outcomes:
Attendees of this 1-day course will gain an understanding of:
  • Understand what hedge funds are
  • Key players and their roles
  • Understanding of different strategies
  • Appreciation of hedge fund toolkit
  • Lessons from hedge fund failures
  • Why invest in hedge funds
  • Hedge fund challenges
  • An opportunity to execute hedge fund strategies and techniques on a live trading platform


Course Outline

Topics
Introduction and Welcome
Attendee icebreaker session
The big picture – What exactly is a hedge fund?

  • What is hedging?
  • Common characteristics of hedge funds
  • Not all hedge funds hedge!
  • Is it even an asset class?

Alternative asset Classes – What are they? Where do HF fit in?
  • A brief look at Alternative Asset Classes (private equity, real estate, infrastructure and hedge funds) vs Traditional Asset Classes– why do investors like alternatives?
Hedge Fund Tools
  • Leverage – financial vs synthetic
  • Short Selling
  • Derivatives

Back to private equity – the market landscape

  • Equity strategies
  • Macro
  • Managed futures/CTA
  • Event driven strategies
  • Relative value strategies
  • Credit strategies
  • Multi-strategy, niche strategies

Run your own Hedge Fund

Team challenge - Hedge fund - trading session 1
Attendees will to put their learnings into practice is by running their own hedge fund for the day, whilst competing against the other teams. This will be in a safe environment where participants will manage a virtual account of £10m.

Participants will have access to a live market platform and will be able to put a number of hedge fund strategies into practice by trading various instruments (equities, commodities, bonds and foreign exchange) in a real time environment. There will be up to 4 trading sessions interspersed throughout the training day. Participants will have to present session results and explain their rationale for their decisions.


The learning from this team challenge include: applications of HF strategies, use of derivatives, long/short selling, margin, cash/asset management, risk management, arbitrage and aspects of behavioural finance.


A look at some market data
Hedge fund market landscape

  • The hedge fund eco system
  • Key players and their roles
  • Hedge fund managers
  • Investors
  • Prime brokers
  • Fund of funds
  • Service providers
Team challenge - Hedge fund - trading session 2
  • Hedge fund disasters
  • LTCM
  • Credit crisis – subprime
  • Lessons and effects

Terms & conditions

  • Management fees
  • Performance fees
  • Hurdle rates
  • Lockup periods
  • Redemption

Team challenge - Hedge fund - trading session 3
Why invest in hedge funds?
Some HF challenges
  • Team challenge - Hedge fund - Final trading session
Risk management
  • VaR, stress testing, scenario analysis

Due diligence

  • Manager selection
  • What would you ask?

Final Q&A Session

Summary review


Additional information

Super Earlybird - Book by Friday 6th October to receive the Super Earlybird prices.

Earlybird - Book by Friday 13th October to receive the Earlybird prices.


VAT - All prices exclude 20% VAT which will be added to your invoice or credit card transaction

Introduction to Hedge Funds

£ 474 VAT inc.