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Alternative Investments


Mueller P.

Course director


Basic finance, basic math


Understand different categories of alternative investments, such as hedge funds, commodities, credit derivatives and real estate.

Description / Program

This course provides both a theoretical and practical look into the world of managing alternative investments such as hedge funds, commodities, private equity, venture capital, LBOs. With regard to hedge funds we will focus on their strategies, including market neutral investing, statistical arbitrage and derivatives arbitrage. Topics will include hedge fund compensation, performance evaluation, risk management, including operational risk, and the role of arbitrageurs in the capital market.

Learning Method / Style of Lessons
Lectures and in-class exercises

Exam Style
Final exam (closed book) and group presentations


Mark J. P. Anson, Handbook of Alternative Assets, John Wiley & Sons (2006)


Andrew W. Lo, Hedge Funds: An Analytic Perspective, Princeton University Press (2010)


Lecture slides