Back office functions for hedge funds

Investment Education Plc

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Description

  • Type

    Course

  • Start date

    Different dates available

Background
The back office functions for Hedge Funds are substantially different from normal back office functions because:-
A wider variety of instruments are used
Reporting and control are more critical
Changes are faster and more complex
Fewer staff are usually available
Hedge Fund Managers may be unaware of Back Office processes and the needs and problems that can arise
Given the typically smaller size of Hedge Fund Back Offices there is a need for both Back Office personnel and Hedge Fund Managers to understand all aspects of the Back Office processes in order to ensure that information given to traders, Hedge Fund Managers, the investors and others involved is both timely and accurate. In addition, knowledge of the process is essential to minimise errors and to keep transaction costs under control.
This 2-day course involves all areas of likely Hedge Fund Back Office Operations.
Delegates

Hedge Fund Promoters
Back Office Managers and staff working or intending to work in Hedge Funds
Hedge Fund Managers
Customer Relationship Managers and Prime Brokers servicing the Hedge Fund Community
Compliance Officers
IT Managers and Systems Developers
Accountants and Auditors
A basic knowledge of Equities, Bonds, Futures and Options or Derivatives is assumed as well as some familiarity as to what the Back Office does. However, delegates are not expected to have detailed knowledge of all areas covered.
Delegates unfamiliar with Futures or Options are recommended to attend our Futures Primer and/or Options Primer courses according to their current level of knowledge.

Facilities

Location

Start date

Start date

Different dates availableEnrolment now open

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Subjects

  • Staff
  • Hedge Fund
  • Options
  • Office IT
  • Industry
  • IT risk
  • Ms Office
  • Accountants
  • Derivatives
  • Options Derivatives

Course programme

Content

General Issues

-Types of hedge funds. Background to the industry.

-You are on your own. How to survive without the support structure of a big firm.

-Soft Commissions: What services can your brokers provide for you under various regulatory regimes

-Identifying key issues

-Critical control factors and information needed

-Example organisation structures.

Prime Broker Arrangements

-Selecting a prime broker. What to expect in terms of services, information and fees.

-Working with a prime broker. Typical information.

Stock Borrowing & Funding

-Repos

-Collateral management

-Interest calculations

-Leverage methods and control

Product overview and the issues each product will cause

Futures & Options

-Trade reporting to the brokers

-Keeping track of commission costs

-How to calculate spaw margining

-Importance of FIFO

-Reconciliations

CFDs

-What are CFDs

-Why they are used

-Margining requirement

-Tracking of interest, stock borrowing costs

-Corporate actions

Bonds

-Clean and dirty prices

-Repos

-Interest Calculations: how to use Bloomberg to calculate settlement amounts

OTC Derivatives

-Validating the documentation

-Collateral

Real Management

-Definition of terms traders will use

-Managing fx risk

-Importance of sound and timely reconciliations

Controlling the Traders

-Blotters and tickets

-Sign off

-A working partnership

-Common errors or mishaps

Funds Control

-Processing and accounting for cash movements

-The importance of cashflow management

Investor Relations

-Trade allocation

-Performance statistics

Regulatory Requirements - An Overview





Todays Date: 8 September 2017
Duration 2 days

See related categories

Back office functions for hedge funds

Price on request

The best Fund Management courses

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