ADAPTIVE RISK MANAGEMENT METHODS FOR PRACTITIONERS

Transcription

1 EXECUTIVE EDUCATION ADAPTIVE RISK MANAGEMENT METHODS FOR PRACTITIONERS UNDERSTANDABLE APPLICABLE UNIQUE

2 PANTHERA SOLUTIONS ASSET ALLOCATION SEMINARS 2017 Please contact us for full seminar descriptions or TRUSTS FAMILY OFFICES WEALTH MANAGERS INVESTMENT COMPANIES PRIVATE & REGIONAL BANKS TARGET GROUPS TOP A critical appraisal of traditional asset allocation techniques, followed by INTRODUCTION TO THIRD GENERATION ASSET ALLOCATION TWO DAYS DE/EN principles of a new generation, grouped in 5 practical building blocks. Learn how to spot strategic asset allocation myths and how to manage your own STRATEGIC ASSET ALLOCATION AND APPLIED BEHAVIORAL FINANCE ONE DAY DE/EN investment behavior to construct diversified multi-asset portfolio. NUDGING TOOLS FOR PROFESSIONAL INVESTMENT TEAMS Learn how to effectively incentivize investment teams to make more rational investment decisions and proactively manage cognitive biases. ONE DAY DE/EN Learn methods (risk factor diversification and multi-objective optimization) to BUILDING GLOBAL MULTI-ASSET PORTFOLIOS ONE DAY EN/FRA passively create your own globally diversified multi-asset portfolio. Dr. G. Gadzinski KEY MARKETING STRATEGIES IN INVESTMENT MANAGEMENT Learn how to win new clients, keep the current ones loyal by communicating the right messages and providing unique value. ONE DAY EN/ITA Luca Signoretti Learn about best practices in the selection, due diligence and monitoring of Liquid INVESTING IN LIQUID ALTERNATIVES ONE DAY EN/FRA Alternatives. Learn how practical methods increase the visibility of risk exposures by applying ADAPTIVE RISK MANAGEMENT METHODS FOR PRACTITIONERS ONE DAY DE/EN risk factor diversification and alternative quantitative & qualitative risk measures. Frederic Fevre CULTURE OF COMPLIANCE IN INVESTMENT MANAGEMENT Learn which cultural aspects and instruments are relevant to create a culture of compliance not only for regulators, but primarily to enhance your investment edge ONE DAY DE/EN BIG DATA TOOLS FOR PORTFOLIO MANAGEMENT QUANT Q2-17 Learn how to use big data tools to build and/or benchmark your current portfolios. This seminar involves Python and VBA programming. TWO DAYS EN/FRA Dr. G. Gadzinski TAKING INVESTMENT DECISIONS FOR RISK-AVERSE INDIVIDUALS Learn quantitative and qualitative methods to assess individual risk preferences and apply them to build risk aversion adjusted portfolios. ONE DAY EN/FRA Dr. G. Gadzinski Page: 2

3 ADAPTIVE RISK MGMT METHODS FOR PRACTITIONERS SEMINAR DESCRIPTION Adaptive markets require adaptive risk management. Adapting the risk management techniques of professional investors accordingly, leads to a diminution of a correlation-based understanding of risk. It forces the investor to think in causalities. AVAILABLE SEMINAR LANGUAGES EN DE TRUSTS FAMILY OFFICES WEALTH MANAGERS INVESTMENT COMPANIES PRIVATE - UND REGIONAL BANKS TARGET GROUPS This seminar enables professional investors with practical tools to recognize, isolate and manage causal risk factors in a portfolio. Also, participants will learn how to distinguish uncertainty from risk and how to apply new risk parameters in risk and portfolio management. Three practical exercises will allow the participants to brainstorm about how applicable the lessons learned are back at their workplace. Page: 3

4 ADAPTIVE RISK MANAGEMENT METHODS FOR PRACTITIONERS LEARNING OBJECTIVES Learn how practical methods increase the visibility of risk exposures by applying risk factor diversification and alternative quantitative & qualitative risk measures. Acknowledging the limitations of traditional risk management methods Understanding the logic and need of diversifying risk factor Applying causality-based risk management tools and measures APP TIME TOPIC AGENDA ANNOTATION Participants will apply the taught method SEMINAR INTRODUCTION LIMITS OF TRADITIONAL RISK MANAGEMENT TECHNIQUES A CRITICAL APPRAISAL RISK FACTOR DIVERSIFICATION Asset Allocation History a general overview of asset allocation and risk management techniques ASSET ALLOCATION-MYTHS Normal Distribution & Fat Tails Limits of correlation analysis Value at Risk Market Timing & Tactical Asset Allocation ASSET CLASS VS RISK FACTOR DIVERSIFICATOIN What are risk factors? How to isolate and analyze them? How to invest in risk factors? Difference between risk factor diversification and factor-based investing Practical examples of risk factor diversification LECTURER Mag., MBA, MScFE LENGTH 1 Day 4 x 1,5h Blocks 7.5 h in total incl. breaks DETAILED SEMINAR AGENDA RISK MANAGEMENT MEASURES ADAPTIVE RISK MANAGEMENT - EXAMPLES GOING BEYOND VOLA-BASED RISK PARAMETERS Behavioral Finance & Risk Management Risk VS Uncertainty Correlation VS Causality Quantitative VS Qualitative Risk Measures How have pension funds, insurance companies and portfolio managers implemented Adaptive Risk Management techniques Which lessons can be learned from them? Limits of Adaptive Risk Management Techniques APP APP APPLYING THE LESSONS LEARNED Together with the participants, a case study is prepared interactively to apply the lessons learned throughout the day. Participants will brainstorm about how to use the new methods in their own job/company. Page: 4 APP

5 THE PANTHERA SOLUTIONS LECTURER Mag. MARKUS SCHULLER, MBA, MScFE has 15+ years experience in trading, structuring and managing standard and alternative investment products. Prior to Panthera Solutions, Markus worked in executive roles for a Long/Short Equity Hedge Fund for which he developed the trading algorithm. He was one of the first in Europe to fit hedge fund strategies into UCITS III compliant structures. Markus started his career by working for renowned banks as Equity/ Derivatives Trader and Macro Analyst. Markus founded Panthera Solutions in 2009 in the Principality of Monaco, using his extensive sell-side know how for now advising professional investors. He is a regular speaker at international investment conferences on Asset Allocation and Risk Management topics. Markus acts as a regular commentary contributor to German/Austrian/ Swiss quality media as financial markets expert. His co-authored book "Portfoliomanagement in Unternehmen" (Springer Verlag, 2014) received strong review scores beyond the investment community. His OECD Insights articles are regularly cited in international publications. Since 2009 Markus teaches the courses Portfolio Theory & Alternative Assets and Investment Banking at the International University of Monaco, the latter also at the Danube University in Austria. GREGORY GADZINSKI, PhD Dr. Gadzinski is a full-time professor of Finance and Economics at the International University of Monaco, trusted with teaching a wide range of courses in the DBA, MBA and MFIN programs. He was previously an Assistant Professor of Economics at the Chair for International Economics in Cologne, Germany. Dr. Gadzinski was also a full-time researcher at the Hedge Fund Research Institute in Monaco. His consultancy experience includes mandates at ALPSTAR Management, a multi-strategy hedge fund and at the European Central bank, DG Research, Frankfurt, Germany. Dr. Gadzinski has a PhD from the Universite de la Méditerranée, France, a postgraduate degree in Mathematical Economics and Econometrics and a Magistère Ingénieur Economiste" from the University Aix-Marseille II. Furthermore he was a pre-doc Marie- Curie fellow at the Center of Operation Research (CORE) at the University of Louvain-la- neuve in Belgium. Dr Gadzinski has published several scientific articles in prestigious journals such as the Journal of Asset Management, the Journal of Hedge Funds and Derivatives, and the Journal of Investing.

6 STOCK EXCHANGE COOPERATIONS SEMINAR COOPERATIONS Page: 6

7 SELECTION OF PARTICIPATING COMPANIES IN OUR SEMINARS WITH COOPERATING STOCK EXCHANGES

8 CONTACT US 49, Avenue Hector Otto MC Monaco Company ID 09P07550 DISCLAIMER This material is for your information only and is not intended to be used by anyone other than you. It is directed at professional clients and eligible counterparties only and is not intended for retail clients. The information contained herein should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial products, including an interest in a fund, or an official confirmation of any transaction. Any such offer or solicitation will be made to qualified investors only by means of an offering memorandum. The material is intended only to facilitate your discussions with Panthera Solutions as to the opportunities available to our clients. The given material is subject to change and, although based upon information which we consider reliable, it is not guaranteed as to accuracy or completeness and it should not be relied upon as such. The material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations. Past performance is not a guide to future performance. Future returns are not guaranteed and a loss of principal money may occur Panthera Solutions. All rights reserved. Page: 8