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Alternative Investments

Description

Prerequisites
Basic finance, basic math

Objectives

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

Readings/Textbooks

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

People

 

Mueller P.

Course director

Additional information

Semester
Spring
Academic year
2018-2019
ECTS
3
Language
English
Education
Master of Science in Economics and Communication in Financial Communication, Elective course, Elective course, 2nd year

Master of Science in Economics in Banking and Finance (until A.Y. 2017), Elective course, Elective course, 2nd year

Master of Science in Economics in Finance, Core course, Minor in Quantitative Finance, 2nd year

Master of Science in Economics in Finance (until A.Y. 2017), Elective course, Elective course, 2nd year