http://www.exed.hec.fr Trouvez un programme
Fr En | HEC Paris
bandeau
Choisir un thème
FORMATION A LA UNE
>> Direction marketingen savoir plus>>
NEWS
>> HEC Paris, nouveau membre de la Qatar Foundation

>> Efficacité Verte : l’intégrer dans sa stratégie, la piloter dans ses opérations
Lire toutes les actus>>
Votre avis | Envoyer à un ami | Imprimer | Ajouter à mes favoris
Accueil > Programmes courts > Finance et contrôle de gestion > The Hedge Fund industry at the crossroads: change and opportunities

The Hedge Fund industry at the crossroads: change and opportunities

Type of program: Open Enrolment programs
Theme: Finance et contrôle de gestion
While financial markets are currently in deep turmoil, the hedge fund sector is experiencing one of the most severe shakedowns of its young history. But behind the failures, the industry is also experiencing profound transformations to seize numerous opportunities that will appear in the coming decades. Markets will remain dislocated for a few years, and arbitrage opportunities will be numerous. The main competitors to hedge funds, the proprietary trading desks at leading investment banks, are being dismantled.  Meanwhile, the industry will experience deep changes in its environment. Buy side investors will demand more simplicity, and more transparency. Competitive pressure will increase, perhaps leading to a reduction in fees.
The regulation will strengthen, making regulatory arbitrage less attractive.
The goal of this two day program is to train seasoned investors to assess hedge fund risks and returns with a critical eye, but also to develop of vision of the new forces – including those of new regulations – that will shape the industry.
lang Language: English
duration Duration: 3 days
location Location: Jouy en Josas
cost Cost:

Please contact us for details.

We have negotiated a special loan schedule with the BNP Paribas for HEC Paris participants. Please contact your Admissions Advisor for full details.

 


Professional experience

Executives from the asset management industry, private banking, as well as buy-side investors, who want to better understand this emerging class of investment vehicles.
Anyone with a background in finance thinking about working for, or in relation with, hedge funds.

Goals

  • Understanding the sources of value creation in hedge funds.
  • Assess the specific risk exposure  of hedge funds.
  • Discuss the future of the hedge fund industry.

Program

The program will start with a brief description of the various hedge fund strategies, in order to understand where the sources of value creation are. Through various simple practical cases, participants will be encouraged to develop a critical and distanced understanding of classical performance measures typically used  in fund marketing.
The second part of the program will focus on risk management issues that are specific to hedge funds. Hedge fund investment takes the form of tail risk: exposure to a small probability of a catastrophic loss, as in the case of LTCM. Participants will learn methods to diagnose such risks.
The last part of the program is prospective: its goal is to understand better the forces that will shape the industry of tomorrow. Competition will intensify. The regulatory framework will evolve dramatically. Buy side investor demand will shift.

Pedagogical approach

This program will blend general purpose academic content with illustrative case studies and interactive examples.
Augustin Landier (Stern School, New York University),

David Thesmar (HEC Paris).