Combining analytical tools and financial theory, these two courses in Autumn and Spring will teach you how to make good investment decisions. With these highly quantitative courses, you will develop a solid foundation in the fundamentals of asset valuation and asset management. These courses will cover multiple asset classes such as equities, government and corporate bonds, derivatives and commodities. You will get familiar with the latest empirical methods employed in the asset management industry and will be fully equipped to implement these methods yourself in the workplace. You will learn approaches to creating value and managing risk in a changing environment.
Advanced Asset Management
The field of investment has been characterized by a high rate of innovation, in both the academic and practitioner communities. Often, innovations are built on investment theory that, once understood, also makes good sense. The course will emphasize topics where research provides an important message for a professional asset manager and how this can be applied. You will begin to consider how to allocate wealth into different asset classes and investment strategies. We discuss the contribution of fixed income in equity portfolios and the role of alternative investments. A particular emphasis is on long-term investing with a coherent modelling of assets and liabilities and performance evaluation. The course will cover recent developments of more complex investment products and compare and contrast them with traditional fund structures including the limits to arbitrage and the costs of implementing actual trading strategies.