What Does the GFMI Hedge Fund Course Cover?
Our interactive Hedge Fund Course separates reality from the myths that surround the subject by describing the origins of hedge funds and their role in asset management. With over 2.5 trillion in assets under management, many types of investors use these investment vehicles. This course will examine hedge fund strategies and create a practical framework within which they can be understood. The role of hedge funds in portfolio construction, key risk elements within hedge funds, and the role or prime brokers and banks in sponsoring them will be covered as well.
By the end of this course, participants will be able to:
- Describe hedge funds and their role in asset management
- Evaluate and analyze hedge fund strategies
- Describe and analyze the role of the prime broker
Hedge Fund Course Requirements:
- Prerequisites: None
- Program Level: Foundation
- Advance Preparation: None
- Recommended CPE Credits: 7
Hedge Fund Course Objectives
This course has been broken down into four different sessions to ensure that all subjects are thoroughly covered throughout the duration of the course.
- Session 1: What are Hedge Funds will teach participants to explain the origins of hedge funds, and compare and contrast hedge funds versus traditional asset managers. The role of hedge funds in portfolio management will be identified, and a description of manager motivations and measuring performance will also be given. Additionally, participants will be able to evaluate the importance of “Risk-Adjusted” returns.
- Session 2: Understanding Hedge Fund Strategies will show participants how to evaluate a framework for analyzing hedge fund strategies and how to employ different asset classes. Directional and non-directional strategies will be compared and contrasted, as well as risk versus return considerations. The use of derivatives in hedge funds will be discussed and a description of the dynamic landscape of hedge fund strategies will be given.
- Session 3: Common Hedge Funds Trading Strategies will teach participants how to distinguish and interpret the following strategies:
- Merger Arbitrage
- Equity Long/Short
- Relative Value
- Credit Arbitrage
- Capital Structure Arbitrage
The differences between hedge funds and private equity will conclude the session.
- Session 4 covers the “Role of the Prime Broker.” By the end of the final session of the GFMI Hedge Fund Course, participants will be able to successfully describe the core elements of the prime broker relationship and discuss single and multiple brokers. Investment banking relationships will be explained and the reasoning for alternative service providers will be discussed. The role of the prime broker and the credit crisis will be the final subject covered in this session.