Hedge Funds Programme
Content
The programme profiles investors in hedge funds and analyses how they select data and indexes to measure hedge fund performance. It details the specific criteria involved in the hedge fund manager selection process and the ensuing contractual negotiations. Features such as high watermark or hurdle rates, which are specific to hedge funds, are introduced.
During application to the programme, participants will be asked to submit three questions they would like to see the programme answer. Faculty will then use these questions to determine the emphasis put on specific topics.
Key topics include:
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return decomposition into alpha and beta across a range of hedge fund trading strategies using sophisticated statistical techniques
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persistence of alpha; whether age, capital flows, and size hurt alpha
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how incentives of managers (delta of the call option of the incentive fee contract) relate to future performance
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the effect of changing investor expectations and regulation (UCITS III)
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what the future of the industry may be, given the replicas or clones that are being offered.
Quick links
- download brochure (PDF 902KB)
A word from the CFA
"Our joint programme with London Business School on hedge funds is particularly worthwhile. Not only does it mix an excellent blend of the practical and the academic, it creates an environment where attendees can have an open and frank discussion with those who have done the most significant and detailed analysis of the data on the hedge fund industry."
Jeffrey J. Diermeier CFA
President & Chief Executive Officer
CFA Institute
