2022/2023

Alternative Investments

Type: Mago-Lego

Delivered by: HSE Banking Institute

When: 1 module

Online hours: 20

Open to: students of one campus

Instructors: Поташов Анатолий Игоревич

Language: English

ECTS credits: 5

Contact hours: 12

Course Syllabus

Abstract

Asset management industry is currently undergoing a major transition: institutional and individual investors have suffered from massive capital losses from “traditional” investment products like long-only mutual funds and pension funds with benchmark-related performance targets during the Global Financial Crisis (GFC) 2008-09 and now they are moving asset allocation tilt towards alternative investment (AI) strategies managed under absolute return objective and less correlated with the price movements of major asset classes. Hedge funds industry as well as private equity, venture capital, credit derivatives, commodities trading and real estate assets under management (AuM) are growing rapidly. This Alternative Investments (AI) course makes a quick hands-on introduction into alternative investments products and strategies, risk-return comparative analysis of hedge funds against “traditional” investment funds and explores the role of AI in the diversified investment portfolio. AI course is focused on major hedge funds strategies and their risk/return profiles along with risk management techniques for the portfolio of hedge funds. Program of the course has a strong bias towards “real life” applications of simple multi-factor econometric model (via Microsoft Excel Data Analysis Toolpack) where students train financial advisor's day-to-day skills. The course structure and content are derived from well-known Chartered Alternative Investment Analyst (CAIA) and Chartered Financial Analyst (CFA) programs.