Training Courses

Hedge Funds Workshop

Category: Alternative Investments

Course level: Introductory to Intermediate

Open


This 3-hour workshop is designed to provide a broad-based understanding of the nature of hedge funds, the structure of the industry and common investment strategies.

No prior knowledge is assumed and all terms will be fully explained.

This workshop is designed to give all delegates the opportunity to discuss each area thoroughly. Case studies will be used to promote group discussion.

Objectives

By the end of the workshop, delegates will have a better understanding of:

  • the definition of a hedge fund
  • long vs short positions
  • the role of the manager, administrator, custodian and prime broker
  • common hedge investment strategies
  • how hedge funds use gearing and derivatives such as CFDs
  • why marketing to private customers is restricted

Length

3 hours

Course Content

Introduction

Unregulated vs regulated funds
Offshore vs onshore
Absolute returns vs index benchmark
Downside protection

Comparisons with CISs


Investment restrictions
Common techniques used
Principle of short selling and reasons behind it
Worked example: Short selling

How big is the market?

Size of the market
Where is growth coming from?
Major players

Characteristics

Absolute returns
Volatility
Performance-related fees (use of high watermarks)
Offshore domicile
Tax and regulatory implications

Structure

Feeder funds
Listed vs unlisted feeder funds
Master funds
Open ended
Monthly vs quarterly dealing
Notice periods

Marketing

Limits in US and EU
Prospectus – key information

Business relationships

Role of the investment manager
Administrator
Trustee/depositary
Prime broker

Investment tools

Short selling
Using CFDs
Advantages
Cost, tax, income efficiency, liquidity, exposures not otherwise
available
Dealing with income and corporate actions
Gearing
Worked example: Using a CFD

Accounting

Valuing illiquid/unquoted securities
Accounting for synthetics
Income and capital accounts
HFWG reommendations of best practice

Hedge fund styles and strategies

Classic long-short
Arbitrage
Event driven
Directional

Exploding the myth that all hedge funds are risky

Volatility comparison with mainstream funds
Sharpe and information ratio comparison
Correlation with markets

Fund of funds

Common strategies
Advantages vs single funds
Disadvantages vs single funds

SEC regulations
Impact on UK managers of hedge funds

This course would be suitable for:

  • Client services and call centres
  • HR and training
  • Investment administration and operations
  • Investment professionals
  • IT and software developers
  • Legal & Compliance
  • New entrants
  • PR and recruitment firms
  • Risk management
  • Sales and marketing

Available dates

9/12/2008 14:00-17:00Edinburgh 350.00 Ex. VAT
411.25 Inc. VAT		Book Now
11/12/2008 14:00-17:00JerseyGBP 350.00Book Now
7/5/2009 14:00-17:00LondonGBP 350.00 Ex. VAT
GBP 411.25 Inc. VAT		Book Now
12/5/2009 14:00-17:00EdinburghGBP 350.00 Ex. VAT
GBP 411.25 Inc. VAT		Book Now
20/5/2009 14:00-17:00DublinGBP 350.00 Ex. VAT
GBP 411.25 Inc. VAT		Book Now
18/6/2009 14:00-17:00JerseyGBP 350.00Book Now
7/10/2009 14:00-17:00EdinburghGBP 350.00 Ex. VAT
GBP 411.25 Inc. VAT		Book Now
18/11/2009 14:00-17:00DublinGBP 350.00 Ex. VAT
GBP 411.25 Inc. VAT		Book Now
26/11/2009 14:00-17:00LondonGBP 350.00 Ex. VAT
GBP 411.25 Inc. VAT		Book Now
2/12/2009 14:00-17:00JerseyGBP 350.00Book Now

All course fees are subject to UK VAT (17.5%) where applicable. For payments made in Euros, VAT/TVA will not be added on receipt of the client's VAT No.