Investment Management

Session 1: Investment Management

• Who are the fund managers
• Assets under management
• Different approaches to asset management
• Why have fund managers become so important?

Session 2: Structure of an Asset Management Firm

• Asset allocation committee
• Analysts
• Fund managers
• Traders
• Support staff

Session 3: Types of funds

• Open ended funds
• Closed end funds
• OEICS
• Pension funds

Session 4: Performance Evaluation

• Benchmarking
• Portfolio objectives
• Choosing a fund manager
• Changing a fund manager

Session 5: Management Styles

• EMH and its consequences
• Active managers and their performance
• Passive management
• Quant

Session 6: Asset Allocation and Strategic Investing

• Value investing
• Risk and return in international asset allocation
• Other types of investment styles

Session 7: Instruments and Their Use

• Ordinary shares
• Low and high voting shares
• Depository receipts
• Warrants
• Bonds
• Cash
• Property

Session 8: Fund Managers Use of Derivatives

• Hedging
• Speculation Income generation
• Use of the Repo market

Course Review and Summary