Description du contenu de l'enseignement :
- Hedge Fund
- Performance Measures
- Hedge Funds and Systemic Risk
- Asset Allocation
This course has two main objectives. The first one is to undertake a rigorous presentation of the characteristics and techniques that surround alternative investments. After establishing the main institutional features of the hedge funds strategies, we focus on the asset allocation and risk management aspects of alternative investments. The second objective is to give a practical introduction of hedge fund management. Several basic hedge fund strategies are implemented on real data to learn about the different steps required to launch a new hedge fund. At completion of the course, participants will be able to analyze and/or advise private and institutional clients on the inclusion of alternative investments in their portfolios. Participants will also be able to build and market a hedge fund implementing a basic quantitative hedge fund strategy (pro format returns, risk analysis, pitch of the strategy).