Session 1:

The most popular strategy - Long-Short Equity

• Mechanics of Short Selling

• Stock Lending

• Risk Management

• Variation on a theme - 130/30 Strategies

• Derivative trading alternatives

Session 2:

Hedge Fund Investment Styles - Directional

• Overview of Style variations – From Low to High Market Exposure

• Distressed Debt

• Global Macro

• Managed Futures – Technical Analysis at work

Session 3:

Hedge Fund Investment Styles – Non-Directional

• Market Neutral and Relative Value Arbitrage – Equity and Fixed Income

• Event-driven and Risk Arbitrage

• Convertible Arbitrage

• Hedge Fund Style Index Performance and Volatility data

• Lesson from 2008: Which Strategies worked, which didn’t & why

• Looking at 2009, which Strategies should perform better than others & why

Session 4:

Funds of Hedge Funds

• Rationale for the Fund of Funds route – Diversification and Risk Management

• Strategy and Manager orientation - The Due Diligence process

• Risk Management and the monitoring process

• Fund of Funds in practice

Course Close