Hedge Funds - Fundamentals

Financial markets have evolved well beyond traditional investment models, giving rise to a broader range of strategies designed to respond to increasingly diverse market conditions. Among these, hedge funds have established themselves as a distinctive segment of the investment landscape, reflecting the innovation and sophistication that characterise modern asset management.

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

Investment fund professionals, employees of management companies, fund administrators, depositary banks, investment services providers or other financial industry participants seeking to acquire a solid understanding of hedge fund fundamentals, including their strategies, structures and operational specificities.

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.