Financial Innovation and Hedge funds
|
|
- Myra James
- 5 years ago
- Views:
Transcription
1 Financial Innovation and Hedge funds Academic Year: 2016/2017 4th trimester Instructor(s): Joni Kokkonen Course Description: The course provides an overview hedge funds and structured products. The course is divided into two major parts. The first one deals with hedge funds, their typical trading strategies, risk and return, historical performance, and portfolio decisions involving hedge funds. The second part of the course covers the basics of structured products and securitization. The focus in this part will be on the role of structured products in the recent financial crisis. Case studies and exercises are used to apply these concepts and methods to practical problems. Course objectives and learning goals: After taking the course, the student should Understand the basics of hedge funds. How has the market evolved in time, what are the typical strategies used and how do they work? Be able to measure and understand the risk and return characteristics of hedge funds. Understand the role of hedge funds in well-functioning capital markets. Understand the basics of the process of securitization. Be able to analyze different structured products and understand how they work. Understand some of the mechanisms underlying the financial crisis and the role of structured products. Prerequisites: Financial Investments and Financial Derivatives
2 Bibliography: Textbooks: Lhabitant, F.-S., 2006, Handbook of Hedge Funds, Wiley Finance (selected chapters) Lecture slides Articles indicated in this syllabus and any additional material indicated during the course. Course Content: Preliminary structure of the course: PART I: Hedge Funds I. Overview of the course and introduction to hedge funds Course overview Institutional and regulatory framework (hedge funds vs. mutual funds) Evolution and current state of the hedge fund market Benefits and risks of hedge fund investing a. Book: Chapter 2 b. Stulz, R. (2007), Hedge funds: past, present, and future, Journal of Economic Perspectives, 21, c. Fung & Hsieh (1999), A primer on hedge funds, Journal of Empirical Finance, 6, d. Kokkonen, J. and Suominen, M., Hedge funds and stock market efficiency, Management Science, forthcoming II. Hedge fund strategies Long/short equity and equity market neutral Dedicated short Fixed income and credit arbitrage Merger arbitrage and convertible arbitrage Global macro High-frequency trading Other strategies
3 a. Book: Chapters 5-17 b. Hasbrouck, J. & Saar, G (2011), Low-latency trading, working paper c. Kirilenko, A., Kyle, A.S., Samadi, M. & Tuzun, T. (2011), The flash crash: The impact of high frequency trading on an electronic market, working paper III. Hedge fund risk, return, and performance Overview of the historical performance of different strategies and their risks Risk-adjusted performance Selection bias and survivorship bias a. Book: Chapters b. Asness, C., Krail, R. & Liew, J. (2001), Do hedge funds hedge?, Journal of Portfolio Management, 28, c. Malkiel, B. & Saha A. (2005), Hedge funds: risk and return, Financial Analysts Journal, 61, IV. Hedge funds and asset allocation Portfolio choice decisions involving hedge funds Diversification Limits of arbitrage a. Book: Chapters and 26 b. Agarwal, V. & Naik, N. (2004), Risk and portfolio decisions involving hedge funds, Review of Financial Studies, 17, c. Boyson, N.M., Stahel, C.W., & Stulz, R.M. (2010) Hedge fund contagion and liquidity shocks, Journal of Finance, 65, d. Mitchell, M., Pulvino, T. & Stafford, E. (2002), Limited arbitrage in equity markets, Journal of Finance, 57, e. Shleifer, R. & Vishny, R.W. (1997), The limits of arbitrage, Journal of Finance, 52, 35 55
4 PART II: Securitization, structured products, and the financial crisis V. Securitization Basics of the securitization process Overview of structured products a. Coval, J., Jurek, J. & Stafford, E. (2009), The economics of structured finance, Journal of Economic Perspectives, 23, b. Rajan, R.G. (2006), Has finance made the world riskier?, European Financial Management, 12, VI. Structured products and the financial crisis Overview of the causes of the financial crisis Role of financial innovation and structured products a. Brunnermeier, M. (2009) Deciphering the liquidity and credit crunch , Journal of Economic Perspectives, 23, b. Demyanyk, Y. & Van Hemert, O. (2011), Understanding the subprime mortgage crisis, Review of Financial Studies, 24, c. Spiegel, M. (2011), The academic analysis of the 2008 financial crisis: round 1, Review of Financial Studies, 24, d. Diamond, D.W. & Rajan, R. (2009), The credit crisis: Conjectures about causes and remedies, NBER working paper Grading: Group exercises (45%) Final exam (55%)
5 Contact(s) and Office hours: Office hours: by appointment Office: 5305
Financial Innovation and Hedge Funds
Financial Innovation and Hedge Funds Academic Year: 2017/2018 4th trimester Instructor(s): Joni Kokkonen Course Description: The course provides an overview hedge funds and structured products. The course
More informationFIN 580 Hedge Funds. Recommended Textbook Investment Strategies of Hedge Funds, by Filippo Stefanini, Wiley Finance, 2006.
FIN 580 Hedge Funds Instructor: Professor Z. Jay Wang Office and Contact: 463 Wohlers Hall, Phone: 265-6598, Email: zhiwang@illinois.edu Office Hours: MW 1pm to 2pm or by appointments Lectures: MW 2pm
More informationRisk Spillovers of Financial Institutions
Risk Spillovers of Financial Institutions Tobias Adrian and Markus K. Brunnermeier Federal Reserve Bank of New York and Princeton University Risk Transfer Mechanisms and Financial Stability Basel, 29-30
More informationANALYSIS AND MANAGEMENT OF FINANCIAL RISK (FM202)
ANALYSIS AND MANAGEMENT OF FINANCIAL RISK (FM202) Course duration: 54 hours lecture and class time (Over three weeks) LSE Teaching Department: Department of Finance Lead Faculty: Dr Georgy Chabakauri and
More informationMonetary Economics July 2014
ECON40013 ECON90011 Monetary Economics July 2014 Chris Edmond Office hours: by appointment Office: Business & Economics 423 Phone: 8344 9733 Email: cedmond@unimelb.edu.au Course description This year I
More informationCentral European University Department of Economics. 5. Pre-Requisites: For second year economics MA students and PhD students micro and macro.
Central European University Department of Economics 1. Name of Course: Financial Institutions and Intermediation 2. Lecturer: Steven Plaut 3. Number of Credits: 2 CEU Credits 4. Semester or Time Period
More informationVolume Author/Editor: Joseph G. Haubrich and Andrew W. Lo, editors. Volume Publisher: University of Chicago Press
This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: Quantifying Systemic Risk Volume Author/Editor: Joseph G. Haubrich and Andrew W. Lo, editors
More informationPortfolios with Hedge Funds and Other Alternative Investments Introduction to a Work in Progress
Portfolios with Hedge Funds and Other Alternative Investments Introduction to a Work in Progress July 16, 2002 Peng Chen Barry Feldman Chandra Goda Ibbotson Associates 225 N. Michigan Ave. Chicago, IL
More informationSchedule Section Day Time Room 001 M W 8:30am - 10:00am E1550
International Finance Finance 319 Winter 2001 Instructor: Galina A Schwartz Office: D3270A Phone: 764-3175 E-mail: galka@umich.edu Course Website: http://www.citi.umich.edu/u/galka/319 Office Hours: Monday
More informationQ7. Do you have additional comments on the draft guidelines on organisational requirements for investment firms electronic trading systems?
21 September ESRB response to the ESMA Consultation paper on Guidelines on systems and controls in a highly automated trading environment for trading platforms, investment firms and competent authorities
More informationSeminar HWS 2012: Hedge Funds and Liquidity
Universität Mannheim 68131 Mannheim 25.11.200925.11.2009 Besucheradresse: L9, 1-2 68161 Mannheim Telefon 0621/181-3755 Telefax 0621/181-1664 Nic Schaub schaub@bwl.uni-mannheim.de http://intfin.bwl.uni-mannheim.de
More informationQuantitative Analysis in Finance
*** This syllabus is tentative and subject to change as needed. Quantitative Analysis in Finance Professor: E-mail: sean.shin@aalto.fi Phone: +358-50-304-3004 Office: G2.10 (Office hours: by appointment)
More informationInvestment Management Course Syllabus
ICEF, Higher School of Economics, Moscow Bachelor Programme, Academic Year 2015-201 Investment Management Course Syllabus Lecturer: Luca Gelsomini (e-mail: lgelsomini@hse.ru) Class Teacher: Dmitry Kachalov
More informationJEFFERSON COLLEGE COURSE SYLLABUS BUS245 COST ACCOUNTING. 3 Credit Hours. Prepared by Mary E. Baricevic April 18, 2013
JEFFERSON COLLEGE COURSE SYLLABUS BUS245 COST ACCOUNTING 3 Credit Hours Prepared by Mary E. Baricevic April 18, 2013 Ms. Linda Abernathy, Math, Science and Business Division Chair Ms. Shirley Davenport,
More informationCorporate Finance (ECON W4280)
Tri Vi Dang Columbia University td2332@columbia.edu Fall 2015 Corporate Finance (ECON W4280) Meeting time: Tu, Th 4.10-5.25 Meeting place: Hamilton 702 Office address: IAB 1032 Office hours: Th 11.30-12.30
More informationTENTATIVE COURSE SYLLABUS
NEW YORK UNIVERSITY STERN SCHOOL OF BUSINESS Trading in Cash and Derivative Securities (GB.2349.30) TENTATIVE COURSE SYLLABUS Instructors: Stephen Figlewski, KMC 9-160, sfiglews@stern.nyu.edu Office hours:
More informationLiterature Overview Of The Hedge Fund Industry
Literature Overview Of The Hedge Fund Industry Introduction The last 15 years witnessed a remarkable increasing investors interest in alternative investments that leads the hedge fund industry to one of
More informationBUSFIN 4227/7224 Trading and Markets
BUSFIN 4227/7224 Trading and Markets Instructor: Professor Ingrid M. Werner Phone: (614) 292-6460 Office: Fisher Hall 700E Office Hours: By Appointment Course Outline E-mail: werner@fisher.osu.edu Meeting
More informationINSTITUTIONAL FINANCE Lecture 06: Portfolio Evaluation and Hedge Funds
INSTITUTIONAL FINANCE Lecture 06: Portfolio Evaluation and Hedge Funds 1 OVERVIEW 1. A Primer on Hedge Funds History, Compensation Hedge Fung and Hsieh, 1999, A Primer on Hedge Funds, Journal of Empirical
More informationThe Master of Science in Finance (English Program) - MSF. Department of Banking and Finance Chulalongkorn. Business School. Chulalongkorn University
The Master of Science in Finance (English Program) - MSF Department of Banking and Finance Chulalongkorn Business School Chulalongkorn University Overview of Program Structure Full Time Program: 1 Year
More informationThe value of the hedge fund industry to investors, markets, and the broader economy
The value of the hedge fund industry to investors, markets, and the broader economy kpmg.com aima.org By the Centre for Hedge Fund Research Imperial College, London KPMG International Contents Foreword
More informationCourse Code Course Name Module, Academic Year
Course Information Course Code Course Name Module, Academic Year Instructor: Zilong Zhang Office: PHBS Building, Room 653 Phone: 86-755-2603-2579 Email: zlzhang@phbs.pku.edu.cn Office Hour: Mon 11:00am-12:00pm
More informationLahore University of Management Sciences. FINN 326 Financial Risk Management Spring Semester 2012
FINN 326 Financial Risk Management Spring Semester 2012 Instructor Dr. Bushra Naqvi Room No. 312 Office Hours TBA Email Bushra.naqvi@lums.edu.pk Telephone 042 35608321 Secretary/TA Saleem Ahmed Khan TA
More informationJEFFERSON COLLEGE COURSE SYLLABUS BUS245 COST ACCOUNTING. 3 Credit Hours. Prepared by: Mary E. Baricevic, Ph.D. April 18, 2013
JEFFERSON COLLEGE COURSE SYLLABUS BUS245 COST ACCOUNTING 3 Credit Hours Prepared by: Mary E. Baricevic, Ph.D. April 18, 2013 Updated by: Mary E. Baricevic, Ph.D. November 4, 2018 Dr. Terry Kite, Interim
More informationFIN 531 Market Microstructure Module IV,
Course Information FIN 531 Market Microstructure Module IV, 2016-2017 Instructor: Office: PHBS Building, Room 745 Phone: +86 (755) 2603-5295 Email: kimds@phbs.pku.edu.cn Office Hour: Monday and Thursday,
More informationHEDGE FUNDS: HIGH OR LOW RISK ASSETS? Istvan Miszori Szent Istvan University, Hungary
HEDGE FUNDS: HIGH OR LOW RISK ASSETS? Istvan Miszori Szent Istvan University, Hungary E-mail: imiszori@loyalbank.com Zoltan Széles Szent Istvan University, Hungary E-mail: info@in21.hu Abstract Starting
More informationMFE 230H Financial Risk Measurement and Management Professor Amir Kermani
UNIVERSITY OF CALIFORNIA Course Outline Haas School of Business Fall 2016 COURSE OVERVIEW MFE 230H Financial Risk Measurement and Management Professor Amir Kermani This is an applied finance and economics
More informationEvaluating the Performance Persistence of Mutual Fund and Hedge Fund Managers
Evaluating the Performance Persistence of Mutual Fund and Hedge Fund Managers Iwan Meier Self-Declared Investment Objective Fund Basics Investment Objective Magellan Fund seeks capital appreciation. 1
More informationHow surprising are returns in 2008? A review of hedge fund risks
How surprising are returns in 8? A review of hedge fund risks Melvyn Teo Abstract Many investors, expecting absolute returns, were shocked by the dismal performance of various hedge fund investment strategies
More informationDEPARTMENT OF ECONOMICS AND FINANCE College of Management and Economics University of Guelph. ECON*6490 Money and Banking Fall 2012
DEPARTMENT OF ECONOMICS AND FINANCE College of Management and Economics University of Guelph ECON*6490 Money and Banking Fall 2012 Instructor: Mei Li Office: MacKinnon 745, Ext. 52187 Email: mli03@uoguelph.ca
More informationMarket Microstructure
Market Microstructure module 2, 2015-2016 Professor: Anna A. Obizhaeva New Economic School aobizhaeva@nes.ru Course information Course Website: my.nes.ru Instructor s Office Hours: Class Time: Room Number:
More informationCrises and Hedge Fund Risk
Crises and Hedge Fund Risk Monica Billio, Mila Getmansky and Loriana Pelizzon This Draft: April 15, 2008 Abstract We study the effect of financial crises on hedge fund risk. Using a regime-switching beta
More informationECON 5058 W - Advanced Topics in Financial Economics Financial Crises and Stability
ECON 5058 W - Advanced Topics in Financial Economics Financial Crises and Stability Winter Term, 2014 Carleton University Department of Economics Instructor: Eric Stephens eric.stephens@carleton.ca Loeb
More informationCourse Structure and Standard Syllabus. Course Area: Financial Sector Policies. Course Title: Financial Markets and Instruments (FMI)
Course Structure and Standard Syllabus Course Area: Financial Sector Policies Course Title: Financial Markets and Instruments (FMI) Objectives: This two-week course aims at providing participant with the
More informationCourse Syllabus. Mahidol University International College. 2. Course Code ICMB 211 Course Title Fundamental Financial
Course Syllabus 1. Name of Curriculum Bachelor of Business Administration Mahidol University International College 2. Course Code ICMB 211 Course Title Fundamental Financial Accounting 3. Number of Credits
More informationHedge Fund Industry: Performance Measurement,
UNIVERSITA CATTOLICA DEL SACRO CUORE MILANO Dottorato di Ricerca in Management Ciclo XXIII S.S.D: SECS-P/05 SECS-P/11 SECS-S/01 Hedge Fund Industry: Performance Measurement, Statistical Properties and
More informationMicrostructure: Theory and Empirics
Microstructure: Theory and Empirics Institute of Finance (IFin, USI), March 16 27, 2015 Instructors: Thierry Foucault and Albert J. Menkveld Course Outline Lecturers: Prof. Thierry Foucault (HEC Paris)
More informationCrises, Liquidity Shocks, and Fire Sales at Hedge Funds
Crises, Liquidity Shocks, and Fire Sales at Hedge Funds Nicole Boyson, Jean Helwege, and Jan Jindra This document is a paper presented at the Annual Meeting of the Midwest Finance Association, March 15,
More informationHigh Frequency Trading and Welfare. Paul Milgrom and Xiaowei Yu
+ High Frequency Trading and Welfare Paul Milgrom and Xiaowei Yu + Recent Development in the Securities 2 Market 1996: Order Handling Rules are adopted. NASDAQ market makers had to include price quotes
More informationDepartment of Economics Course Outline
Department of Economics Course Outline Term: Winter 2014 Course: Economics 653 [Public Revenue Analysis] Section: 01 Time: TR 9:30 10:45 Place: SS 423 Instructor: Dr. Kenneth J. McKenzie Office: SS 452
More informationBUBBLES,BUSTS, AND BAILOUTS: MARKET& REGULATORY FAILURES IN THE FINANCIAL CRISIS
ECONOMICS 916 BUBBLES,BUSTS, AND BAILOUTS: MARKET& REGULATORY FAILURES IN THE FINANCIAL CRISIS Spring 2012 Prof. John Kwoka Course Description The financial crisis of 2007-9 was a massive and dangerous
More informationPurdue University Assistant Professor of Finance
NICOLE M. BOYSON D Amore-McKim School of Business 617-373-4775 n.boyson@neu.edu http://www.damore-mckim.northeastern.edu/faculty/b/boyson-nicole ACADEMIC EXPERIENCE Associate Professor of Finance with
More informationDepartment of Economics Course Outline
Department of Economics Course Outline Term: Winter 2013 Course: Economics 653 [Public Revenue Analysis] Section: 01 Time: MWF 9:00 9:50 Place: SS 423 Instructor: Dr. Kenneth J. McKenzie Office: SS 452
More informationCourse Syllabus. Bachelor of Business Administration. Course Title Fundamental Financial Accounting. Prerequisite (s) -
Course Syllabus Program of Study Faculty/Institute/College Bachelor of Business Administration Mahidol University International College Course Code ICMB 211 Number of Credits Course Title Fundamental Financial
More informationFIN512 Professor Lars A. Lochstoer Page 1
FIN512 Professor Lars A. Lochstoer Page 1 FIN512 Empirical Asset Pricing Autumn 2018 Course Outline and Syllabus Contact Information: Professor Lars A. Lochstoer Email: lars.lochstoer@anderson.ucla.edu
More informationUSC Dornsife Department of Economics
USC Dornsife Department of Economics ECON 361: Understanding Financial Crises Spring 2017 12:00-1:50 MW Location: KAP 156 Instructor: Romain Ranciere Office: KAP 360 Office Hours: TBA Contact Info: ranciere@usc.edu
More informationFNCE 235/725: Fixed Income Securities Fall 2017 Syllabus
FNCE 235/725: Fixed Income Securities Fall 2017 Syllabus Instructor Prof. Stephan Dieckmann Office: 2252 SH-DH Phone: 215-898-4260 Email: sdieckma@wharton.upenn.edu My office hours are Wednesday, 1.30
More informationHOFSTRA UNIVERSITY FRANK G. ZARB SCHOOL OF BUSINESS Educating for Personal and Professional Achievement
HOFSTRA UNIVERSITY FRANK G. ZARB SCHOOL OF BUSINESS Educating for Personal and Professional Achievement DEPARTMENT OF FINANCE FINANCE 402- MANAGERIAL FINANCE (Graduate course) Spring 2014, Section 01,
More informationAn Empirical Evaluation of the Return and Risk Neutrality of Market Neutral Hedge Funds
An Empirical Evaluation of the Return and Risk Neutrality of Market Neutral Hedge Funds Bachelor Thesis in Finance Gothenburg University School of Business, Economics, and Law Institution: Centre for Finance
More informationSurvival of Hedge Funds : Frailty vs Contagion
Survival of Hedge Funds : Frailty vs Contagion February, 2015 1. Economic motivation Financial entities exposed to liquidity risk(s)... on the asset component of the balance sheet (market liquidity) on
More informationHedge Fund Liquidity and Performance: Evidence from the Financial Crisis*
Hedge Fund Liquidity and Performance: Evidence from the Financial Crisis* Nic Schaub a and Markus Schmid b,# a University of Mannheim, Finance Area, D-68131 Mannheim, Germany b Swiss Institute of Banking
More informationDepartment of Management Sciences
The Islamia University of Bahawalpur Pakistan Department of Management Sciences Course Outline Course: Course Code: Credit Hours: 3 Class: Bachelor of Business Administration (BBA) Session & Semester:
More informationOn the Performance of Alternative Investments: CTAs, Hedge Funds, and Funds-of-Funds. Bing Liang
On the Performance of Alternative Investments: CTAs, Hedge Funds, and Funds-of-Funds Bing Liang Weatherhead School of Management Case Western Reserve University Cleveland, OH 44106 Phone: (216) 368-5003
More informationMS Finance-Wealth & Asset Management (MSFWAM) Course Plan Academic Year
MS Finance-Wealth & Asset Management (MSFWAM) Course Plan 2018-2019 Academic Year List of Courses for MSFWAM 3-Semester Program Summer Semester (3 credits) Online Foundation Workshops beginning in May
More informationMSF Corporate Finance Courses
Last updated: April 2017 MSF Corporate Finance Courses Summer Online Foundation Workshops FIN 510 Introduction to Finance The main topics to be covered in this course are (1) principles of investments,
More informationFolia Oeconomica Stetinensia DOI: /foli INVESTMENT PERFORMANCE OF HEDGE FUNDS
Folia Oeconomica Stetinensia DOI: 10.2478/foli-2013-0001 INVESTMENT PERFORMANCE OF HEDGE FUNDS Waldemar Aspadarec, Ph.D. Szczecin University Faculty of Economics and Management Department of Finance Mickiewicza
More informationNBER WORKING PAPER SERIES DO HEDGE FUNDS PROFIT FROM MUTUAL-FUND DISTRESS? Joseph Chen Samuel Hanson Harrison Hong Jeremy C. Stein
NBER WORKING PAPER SERIES DO HEDGE FUNDS PROFIT FROM MUTUAL-FUND DISTRESS? Joseph Chen Samuel Hanson Harrison Hong Jeremy C. Stein Working Paper 13786 http://www.nber.org/papers/w13786 NATIONAL BUREAU
More informationThe Flash Crash: The Impact of High Frequency Trading on an Electronic Market
The Flash Crash: The Impact of High Frequency Trading on an Electronic Market Andrei Kirilenko Commodity Futures Trading Commission joint with Pete Kyle (Maryland), Mehrdad Samadi (CFTC) and Tugkan Tuzun
More information2016 by Andrew W. Lo All Rights Reserved
Hedge Funds: A Dynamic Industry in Transition Andrew W. Lo, MIT and AlphaSimplex th Anniversary esayco Conference ee March 10, 2016 Based on Getmansky, Lee, and Lo, Hedge Funds: A Dynamic Industry in Transition,
More informationUNIVERSITY OF PENNSYLVANIA The Wharton School. Professor Stambaugh Fall 2015
UNIVERSITY OF PENNSYLVANIA The Wharton School Investment Management Course Syllabus Professor Stambaugh Fall 2015 Course Description The course undertakes a rigorous study of concepts and evidence relevant
More informationThe ABCs of Hedge Funds: Alphas, Betas, & Costs
Working Paper : Alphas, Betas, & Costs Roger G. Ibbotson, Ph.D. Professor in the Practice of Finance Yale School of Management Chairman & CIO Zebra Capital Management, LLC. Phone: (203) 432-6021 Fax: (203)
More informationCrises and Hedge Fund Risk
Crises and Hedge Fund Risk Monica Billio, Mila Getmansky, and Loriana Pelizzon This Draft: September 7, 2009 Abstract We study the effects of financial crises on hedge fund risk and show that liquidity,
More informationINTERNATIONAL UNIVERSITY OF JAPAN Graduate School of International Management
INTERNATIONAL UNIVERSITY OF JAPAN Graduate School of International Academic Year: 2015/2016 Spring Course Course code FIN 4200 Course title Risk Name of Instructor Haruyoshi Ito Credits: 2 Instructor s
More informationHedge fund replication using strategy specific factors
Subhash and Enke Financial Innovation (2019) 5:11 https://doi.org/10.1186/s40854-019-0127-3 Financial Innovation RESEARCH Hedge fund replication using strategy specific factors Sujit Subhash and David
More informationStanford Graduate School of Business
Stanford Graduate School of Business Syllabus and Course Outline Finance 347 - Money and Banking Professor Arvind Krishnamurthy, Rm E256 e-mail: a-krishnamurthy@stanford.edu Course Content: This course
More informationINTERNATIONAL UNIVERSITY OF JAPAN Graduate School of International Management
INTERNATIONAL UNIVERSITY OF JAPAN Graduate School of International Academic Year: 2014/2015 Spring Course code Course title Course FIN 4200 Risk Name of Instructor Credits: Instructor s contact Office#
More informationBUSI 1307 Personal Finace. Revision Date: 10/17/16
Course Syllabus BUSI 1307 Personal Finace Revision Date: 10/17/16 Catalog Description: Personal and family accounts, budgets and budgetary control, bank accounts, charge accounts, borrowing, investing,
More informationTERRY COLLEGE OF BUSINESS UNIVERSITY OF GEORGIA
TERRY COLLEGE OF BUSINESS UNIVERSITY OF GEORGIA FINA 7310 Investments Course Syllabus Fall 2009 Professor: Tyler Henry Office: 454 Brooks Hall Office Hours: T/R 3:30-4:30 and by appointment Email: trhenry@terry.uga.edu
More information14.09: Financial Crises Lecture 3: Leverage, Fire Sales, and Amplification Mechanisms
14.09: Financial Crises Lecture 3: Leverage, Fire Sales, and Amplification Mechanisms Alp Simsek Alp Simsek () Amplification Mechanisms 1 Crises and amplification mechanisms Banking crises are often triggered
More information(1) Project (Group, Written, 50 points): Build a long short portfolio and measure its performance
FIN 580 Hedge Funds Instructor: Professor Malay K. Dey, Ph. D Office and Contact: 109 Wohlers Hall, Phone: 300-3584, Email: mdey@illinois.edu Office Hours: TTH 9:45 to 10:45 a.m. or by appointments Lectures:
More informationSyllabus for Capital Markets (FINC 950) Prepared by: Phillip A. Braun Version:
Syllabus for Capital Markets (FINC 950) Prepared by: Phillip A. Braun Version: 1.15.19 Class Overview Syllabus 3 Main Questions the Capital Markets Class Will Answer This class will focus on answering
More informationMS Finance Wealth & Asset Management (MSFWAM) Course Plan Academic Year
MS Finance Wealth & Asset Management (MSFWAM) Course Plan 2018-2019 Academic Year Summer Workshops Online Foundation Workshops beginning in July (these pass/fail workshops are assigned as needed, and are
More informationGRA Master Thesis. BI Norwegian Business School - campus Oslo
BI Norwegian Business School - campus Oslo GRA 19502 Master Thesis Component of continuous assessment: Thesis Master of Science Final master thesis Counts 80% of total grade An Examination of the Risk-Return
More informationHow do hedge funds manage portfolio risk?
How do hedge funds manage portfolio risk? Gavin Cassar The Wharton School University of Pennsylvania Joseph Gerakos Booth School of Business University of Chicago December 2010 Abstract We investigate
More informationFall 2015 Phone: Video: Professor Figlewski introduces the course Office: MEC 9-64 SYLLABUS
FINC-UB.0043 Futures and Options Professor Stephen Figlewski Fall 2015 Phone: 212-998-0712 E-mail: sfiglews@stern.nyu.edu Video: Professor Figlewski introduces the course Office: MEC 9-64 SYLLABUS Course
More informationAdvanced Portfolio Management Exam Spring 2010
Important Exam Information: Exam Date and Time Exam Registration Study Note Order Form Introductory Study Note Case Study Formula Package (update 02.18.10) Table Past Exams Updates A read-through time
More informationCapital Markets (FINC 950) Syllabus. Prepared by: Phillip A. Braun Version:
Capital Markets (FINC 950) Syllabus Prepared by: Phillip A. Braun Version: 4.4.18 Syllabus 2 Questions this Class Will Answer This class will focus on answering this main question: What is the best (optimal)
More informationFixed Income Analysis
ICEF, Higher School of Economics, Moscow Master Program, Fall 2017 Fixed Income Analysis Course Syllabus Lecturer: Dr. Vladimir Sokolov (e-mail: vsokolov@hse.ru) 1. Course Objective and Format Fixed income
More informationIntroduction to Investment Management 2018 Yonsei International Summer Session Yonsei University
Introduction to Investment Management 08 Yonsei International Summer Session Yonsei University Lecturer: Edward Wong, CFA email ewong.yonsei@yahoo.ca Required Text: Essentials of Investments, Bodie, Kane
More informationMS Finance Corporate Finance & Investments (MSFC) Academic Year
MS Finance Corporate Finance & Investments (MSFC) 2018-2019 Academic Year MSFC Two-Semester Course Plan Preprogram Foundations Requirements Online workshops begin in July (these are in addition to required
More informationSources of Hedge Fund Returns: Alphas, Betas, Costs & Biases. Outline
Sources of Hedge Fund Returns: s, Betas, Costs & Biases Peng Chen, Ph.D., CFA President and CIO Alternative Investment Conference December, 2006 Arizona Outline Measuring Hedge Fund Returns Is the data
More informationWhat do we know about the risk and return characteristics of hedge funds?
Original Article What do we know about the risk and return characteristics of hedge funds? Received (in revised form): 27th November 2011 Jan H. Viebig is a Head of Emerging Markets Equities at Credit
More informationCan Factor Timing Explain Hedge Fund Alpha?
Can Factor Timing Explain Hedge Fund Alpha? Hyuna Park Minnesota State University, Mankato * First Draft: June 12, 2009 This Version: December 23, 2010 Abstract Hedge funds are in a better position than
More informationBusiness Finance FINC 332
Business Finance FINC 332 Accreditation through Loyola University Chicago Please Note: This is a sample syllabus, subject to change. Students will receive the updated syllabus and textbook list prior to
More informationSystemic Risk and Cross-Sectional Hedge Fund Returns
Systemic Risk and Cross-Sectional Hedge Fund Returns Stephen Brown, a Inchang Hwang, b Francis In, c January 5, 2011 and Tong Suk Kim b Abstract This paper examines a cross-sectional relation between the
More informationETF Arbitrage and Return Predictability
David C. Brown University of Arizona Shaun William Davies University of Colorado Boulder Matthew Ringgenberg University of Utah January 5, 2018 American Finance Association Annual Meeting 1 / 16 Motivation
More informationICEF, Higher School of Economics, Moscow Msc Programme Autumn Derivatives
ICEF, Higher School of Economics, Moscow Msc Programme Autumn 2017 Derivatives The course consists of two parts. The first part examines fundamental topics and approaches in derivative pricing; it is taught
More informationCharles A. Dice Center for Research in Financial Economics
Fisher College of Business Working Paper Series Charles A. Dice Center for Research in Financial Economics Liquidity Shocks and Hedge Fund Contagion Nicole M. Boyson, Northeastern University Christof W.
More informationDiversifying among Hedge Fund Strategies: An Alternative Frontier by Emily Perskie
Diversifying among Hedge Fund Strategies: An Alternative Frontier by Emily Perskie emily_perskie@yahoo.com Spring 2003 Duke University Durham, NC A thesis submitted to the Department of Economics for honors
More informationAF 4629: INVESTMENTS AND PORTFOLIO MANAGEMENT FALL 2011 DEREE COLLEGE SYLLABUS FOR: AF 4629 INVESTMENTS AND PORTFOLIO MANAGEMENT LEVEL 6 (Optional)
DEREE COLLEGE SYLLABUS FOR: AF 4629 INVESTMENTS AND PORTFOLIO MANAGEMENT LEVEL 6 (Optional) (Updated Spring 2010) UK CREDITS: 15 PREREQUISITES: CATALOG DESCRIPTION: RATIONALE: LEARNING OUTCOMES: AF 2006
More informationFINANCE 402 Capital Budgeting and Corporate Objectives. Syllabus
FINANCE 402 Capital Budgeting and Corporate Objectives Course Description: Syllabus The objective of this course is to provide a rigorous introduction to the fundamental principles of asset valuation and
More informationFINC-UB WI11 THE FINANCIAL CRISIS OF : CAUSES, SOLUTIONS and REGULATION
FINC-UB.11.1.040.WI11 THE FINANCIAL CRISIS OF 2007-2009: CAUSES, SOLUTIONS and REGULATION NEW YORK UNIVERSITY, STERN SCHOOL Syllabus Winter Intensive 2011 Professor Matthew Richardson Office: 9-60 Telephone:
More informationSemester / Term: -- Workload: 300 h Credit Points: 10
Module Title: Corporate Finance and Investment Module No.: DLMBCFIE Semester / Term: -- Duration: Minimum of 1 Semester Module Type(s): Elective Regularly offered in: WS, SS Workload: 300 h Credit Points:
More informationMANAGEMENT 298D-18: «THE CRISIS» COURSE SYLLABUS
Professor Romain Wacziarg Winter 2011 UCLA Anderson School of Management MANAGEMENT 298D-18: «THE CRISIS» COURSE SYLLABUS COURSE OBJECTIVES AND FORMAT This course will provide an in-depth synthetic and
More informationCharles A. Dice Center for Research in Financial Economics
Fisher College of Business Working Paper Series Charles A. Dice Center for Research in Financial Economics Liquidity Shocks and Hedge Fund Contagion Nicole M. Boyson, Northeastern University Christof W.
More informationPurdue University Assistant Professor of Finance
NICOLE M. BOYSON D Amore-McKim School of Business 617-373-4775 n.boyson@neu.edu http://www.damore-mckim.northeastern.edu/faculty/b/boyson-nicole ACADEMIC EXPERIENCE Associate Professor of Finance with
More informationSyllabus for Corporate Valuation Cases in Mergers and Acquisitions
Syllabus for Corporate Valuation Cases in Mergers and Acquisitions Lecturer: Vyacheslav Ivanov Class teacher: Vyacheslav Ivanov Teaching Assistant: Denis Derushkin Course Description Corporate Valuation
More informationGolden Gate University Finance Department. Xi (Airin) Bai. FI 340 INVESTMENTS-SF1 Spring 2016
Golden Gate University Finance Department FI 340 INVESTMENTS-SF1 Spring 2016 Xi (Airin) Bai Adjunct Professor Ageno School of Business Golden Gate University Contact Information Email: fi_airin@yahoo.com
More informationDEPARTMENT OF INTERNATIONAL BUSINESS
DEPARTMENT OF INTERNATIONAL BUSINESS SYLLABUS TITLE: International Business Finance NUMBER: IBUS 3301 Section 10 SEMESTER: Spring 2017 TIME AND LOCATION: Tuesdays and Thursdays, 3:45 5:00, Phillips 110
More informationInternational Finance and Macroeconomics (Econ 422)
Professor Eric van Wincoop Econ 422 Department of Economics Spring 2015 231 Monroe Hall TR 9:30-10:45 Office Hours: Monday 2-3, Tuesday 11-12 Monroe 116 E-mail: vanwincoop@virginia.edu Phone: 924-3997
More information