Hedge Funds - Fundamentals

The objective of this module is to provide the participant with an introductory overview of hedge funds, their main strategies, risks and performance measures.

• Definitions and basic concepts
  • History and definitions : origin, concept, structure & legal framework
  • An asset class in its own right
  • Impact of hedge funds on the financial markets
  • Advantages and disadvantages
• Main hedge funds strategies
  • Convertible arbitrage, Merger arbitrage, Event driven, Distressed securities, Equity market neutral, Equity long short, Fixed-income arbitrage, Global macro, Managed futures
• Risk and performance measures for hedge funds
  • Basic concepts : risk, return, volatility and Net Asset Value
  • Risk : 5 technical risk ratios
  • …and their shortcomings
  • Value at risk
  • Benchmarking hedge funds
• Case studies

For this training course, an optional exam is available. In case of interest, candidates can choose a date from the list of proposed examinations sessions. Registration for the exam must be made at least five days before the chosen exam date. The exam is subject to a registration fee.

At the end of the training, the participants can download a certificate of attendance from their client portal House of Training.