Week 1 : Asset Management overview
The Asset Management Industry
Key Principles and Attributes of Asset Management
Application of the Asset Management Principles
The Asset Management Environment: Distributor, Custodian, Prime Broker, etc.
Overview of Products and Services Offered by Asset Management Firms
End of Week Discussion: How Important Is Financial Intermediation?
Week 2 : Investment Analysis and the Modern Portfolio Theory
Mean Variance Analysis (dataviz)
Sharpe-Markovitz and Black-Litterman Models (dataviz)
Risk and Expected Return
The Efficient Market Hypothesis for Securities
Net Alpha and Gross Alpha
Beta Pricing Models: CAPM and Multifactor Extensions
End of Week Discussion: Implementing an Efficient Frontier on Excel®
Week 3 : Equilibrium in the Asset Management Market
Passive vs. Active Management
Benchmarking an Active Asset Manager’s Performance Against Passive Alternatives
How to Measure Investment Skill
How Much Do Investors Benfits from Investment Skill?
Does Size Erode Performance?
End of Week Discussion: Does Net Alpha Measure Investment Skill?
Week 4 : Regulation
Governance and Structure of Mutual Funds
The Regulation of Financial Intermediaries
The Investment Company Act of 1940
Fiduciary Duty and Its Practical Implications
Third Party Management
The Basel III and CRD 4 banking regulatory frameworks
End of Week Discussion: What is the Influence of Recent Regulatory Changes on the Asset Management Industry?
Weeks 5 to 6 : Case Study