Hedge Funds

Start date: 17 September 2024

€995
• To secure your place on the course the full fee is required.
• All fees must be paid in full before the course begins.
• Please note, the full course fees are inclusive of all course materials and certification costs.

https://www.fitzwilliaminstitute.ie/application-form

Enrolment intake is strictly limited on this course. Early application is advised. Places are allocated on a first come first served basis.

Hedge funds are a rich and diverse range of private, actively managed investment funds. Hedge funds can be worth billions of dollars, which is why it is so important to understand the management of them. Hedge funds need to be run and managed by highly specialist investment professionals.

Created by industry professionals with a wealth of experience, Fitzwilliam Institute’s Online Diploma in Hedge Funds course features case studies and real life hedge funds briefs, to hone best skills and practices. Our practical skills approach model provides you with hands-on experience from key industry figures and all the skills you need for a successful career.

Introduction to Financial Services
The Financial Service Sector; The Role of the Financial Service Industry Today; Banks & Financial Service Institutions; Services Offered; Defining a Bank; Types of Banks; Non-Bank Financial Terms; Trends Within the Financial Services Industry; Trends Affecting the Financial Service Industry; Characteristics of a Financial Service Provider; Financial Services Regulation; Reasons for Government Regulation; Aims of Regulation; Professional Bodies; Codes of Practices; Financial Regulatory Authorities by Country;

Introduction to Hedge Funds
Introduction to Hedge Funds; Defining Hedge Funds; Hedge Funds and Mutual Funds; Relative Returns; Absolute Returns; Hedge Funds & Liquidity; Arbitrage Strategies; Event-Driven Strategies; Directional Strategies; Higher Returns and Bear Markets; Hedge Funds & Risk; Funds of Hedge Funds;

Structure of Hedge Funds
Organisational Structure; General and Limited Partners; Fee Structure; Management & Incentive Fee; Term Structure; Subscriptions and Redemptions; Lock-Ups; Service Providers; Board of Directors; Sponsors; Custodians/ Trustees; Introduction to Investment Structures; Single and Multi-Manager Funds; Master-Feeder Fund; Mirror Funds; Umbrella Funds; Side Pockets;

Financial Law, Regulations & Compliance
Financial Regulation; Aims of Regulation; Regulation of Banks; Regulation of Listed Companies; Regulation of the Stock Exchange; Regulation of Investments; Regulation of Anti-Money Laundering; Principles of Bank Regulations; Components of Bank Regulation; International Law; International Banking Regulations; The Basel Committee on Banking Supervision; Basel III; Basel Capital Accord; Compliance; Principles in Compliance;

Hedge Fund Strategies
Tolls Used by Hedge Funds; Buying & Selling; Equity Hedge; Buying on a Margin; Short Selling & Securities Lending; Derivatives; Leverage; Financial Leverage; Construction Leverage; Instrument Leverage; Investment Approaches & Introduction to Hedge Fund Strategies; Introduction to Merger Arbitrage; Types of Mergers & Acquisitions; Horizontal Merger; Vertical Merger; Co-Generic Merger; Conglomerate Merger; Cash Merger; Stock Swap Merger; Leverage Buyouts; Spin Offs; Risk Management; Volatility Risk; Commodity Risk; Event Risk; Tail Risk; Convertible Arbitrage; Credit Spreads; Implied Volatility; Fixed-Income Arbitrage; Yield Curve Arbitrage; Basis Trading; Capital Structure Arbitrage; Hedging Techniques; Types of Securities; Collateralized Debt Obligation; Mortgage Backed Securities; Pass Through Securities;

Risk Characteristics of Hedge Funds
Specific associated hedge fund risks; Risk management; measuring risk; Risk adjusted performance measures; Applying effective risk management strategies to offshore funds; Importance of effective fund administration; Effects of adding hedge funds to traditional portfolios;

Measuring Returns & Performance
Introduction to measuring returns; Associated difficulties; Measuring net asset values; Equalization; crystallization; Multiple share classes; The free-ride syndrome; Onshore versus offshore funds; Equalization factor; Calculating return; The Sharpe ratio; The Treynor ratio; Jensen alpha; Downside risk; Hedge fund databases; Indices; Benchmarks;

Hedge Fund Investing
Introduction to hedge fund investing; The benefits of hedge funds; Portfolio construction; Asset Allocation And Amount; Static Versus Dynamic Allocations; GIGO Syndrome; Hedge Fund Options; Objectives; Qualitative And Quantitative Analysis; Funds Of Hedge Funds; Advantages Of Funds Of Funds; Disadvantages Of Funds Of Funds; Introduction To Structured Products On Hedge Funds; A Growing Area In The Financial Services Industry; Flexibility In Portfolio Construction; Constant Proportion Portfolio Insurance; Return Swaps; Call Options; Capital Protected Notes; Enhancing Return And Mitigating Risk;

Macroeconomics
Introduction to macroeconomics; Understanding macroeconomics; Principles of economics; How the market works; Gross domestic product; International trade; Open economy; Labour market; Income; expenditure and the circular flow; The consumer price index; Cost of taxation; Employment; Cost of living; The Philips Curve; National income; Supply and demand for goods and services; Money and inflation; The quantity theory of money; Interest rates; Social costs of inflation; Hyperinflation; Exchange rates; Economic fluctuations; Economic growth; Economy in the long run; Accumulation of capital; Population growth; Policies to promote growth; The Solow Model; The business cycle; Aggregate demand and supply; The IS-LM Model; The money market; How fiscal and monetary policies shift the LM Curve; Floating and fixed exchange rates; The Mundell-Fleming Model; Policy debates; Investment; Government policies;

Microeconomics
Introduction to microeconomics; Trade; Trade-offs and government policy; Production and supply’ Elasticities; Individual choice in supply and demand; Production and cost analysis; Competitive markets; Oligopoly and monopolistic competition; Strategic pricing; Uncertainty;

Financial Accounting
Introduction to financial accounting; Users of financial information; Key accounting models; Terminology; Need for financial statements; The balance sheet; Balance sheet layouts; Ratio and the balance sheet; Income statement and layout; Ratios; revenues and trade receivables; Owners’ equity; Cash flow measurement and documentation; Inventories and cost of sales; Tangible and intangible assets; Liabilities; Financial statements and recording transactions; Preparing financial statements; Analyzing and interpreting financial statements; Analysis tools; Auditing;

Marketing Financial Services
Introduction to marketing; Researching the marketplace; Ethics in research and information management; Segmenting and targeting the financial services marketplace; Consumer segments; Business segments; Targeting; positioning; Customer relationship management (CRM); Customer value; Loyalty programmes; Customer satisfaction; Relationships with stakeholders; Relationship with businesses; Internal marketing; Relationship lifecycle;

Spreadsheets (Calc)
Introduction to spreadsheets; Step by step instructions on using the features; Functions and applications for spreadsheets; Customizing the spreadsheet software; Installing the spreadsheet software; Security; Platforms; Operating system compatibility;

Setting Up & Marketing Your Own Consultancy
The Business Plan; Legalities; Setting Up; the Marketing Strategy; Knowing Your Competitors; Promotional Tools;

Presentation Skills
Preparation and Research; Speech Content; Subject Matter and Objectives; Speech Delivery and Variety; Body Language; Eye Contact; Presentation Aids; Management of Locations and Audiences; Presentation Structure.

Tel: (01) 283 4579
Email: info@fitzwilliaminstitutegroup.ie