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| Developing, offering, marketing and investing in hedge funds is one of the fastest growing and least understood sectors of the asset management industry. This series presents a comprehensive and accurate picture of the hedge fund industry, various hedge fund strategies, hedge funds operations, and considerations for hedge fund investors. |
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Who should take this course: |
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Employees of funds, family offices, private client financial service providers, individual investors and others involved directly or indirectly in the development, offering, marketing and investing in hedge funds. |
Prerequisites: |
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None |
Training Hours/CPE Credits: |
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8 |
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Modules |
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Introduction to the Hedge Fund Industry |
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| Module Code |
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inve_1040 |
| Level |
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Basic |
| Training Hours/ CPE Credits |
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2 |
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Module Description:
This module provides an overview of the history and players involved in the hedge fund industry. |
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| Learning Objectives: |
| After completing this module, you'll be able to:
Specify the characteristics of a hedge fund
Contrast hedge funds and mutual funds
Understand common misconceptions about hedge funds
Understand the history of the hedge fund industry |
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How a Hedge Fund Works |
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| Module Code |
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inve_1041 |
| Level |
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Basic |
| Training Hours/ CPE Credits |
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2 |
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Module Description:
This module covers how a hedge fund works. It looks in detail at the importance of manager skill, or alpha, and the statistical measures that chart how a fund is performing. It also discusses the contentious topic of fees, the fundamentals of leverage, and how to build a hedge fund portfolio. |
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| Learning Objectives: |
| After completing this module, you'll be able to:
Compare traits of alpha and edge as sources of return
Identify statistical measures that show hedge fund performance and risk profiles
Recall characteristics of leverage
Identify details of portfolio construction and management, including fees |
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Hedge Fund Strategies |
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| Module Code |
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inve_1042 |
| Level |
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Basic |
| Training Hours/ CPE Credits |
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2 |
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Module Description:
This module talks about hedge fund investment strategies. You'll learn about Long/Short Equity, the oldest and the largest hedge fund strategy; Global Macro, the best known strategy; Event-Driven strategies, which aim to capture the price movement generated by mergers, acquisitions, spin-offs and restructurings; and Equity Market Neutral, which looks to balance long portfolios against short portfolios. Also covered are different styles of hedge funds, and what makes a good manager. |
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| Learning Objectives: |
| After completing this module, you'll be able to:
Distinguish between directional and arbitrage strategies.
Identify key traits of the most common hedge fund strategies.
Identify the traits and experience of a good hedge fund manager. |
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Issues for Hedge Fund Investors |
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| Module Code |
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alin_1000 |
| Level |
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Basic |
| Training Hours/ CPE Credits |
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2 |
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Module Description:
This module discusses issues that every investor should consider before making the leap into hedge funds. It will discuss risk, return and correlation from the investor's perspective; how to pick funds that match an investor's goals; professionals who manage hedge fund portfolios for investors; and the due diligence process. |
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| Learning Objectives: |
| After completing this module, you'll be able to:
Identify characteristics of hedge fund investors.
Characterize elements of portfolio construction.
Recall the due diligence process.
Recognize the importance of portfolio monitoring.
Recognize key aspects of the professional management of hedge fund portfolios |
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