What you'll learn:
- Learn How Hedge Fund Managers Develop their Trading Strategies.
- Learn How Hedge Fund Strategies Originated and Grew Over Time.
- Learn How Corporate Finance Inspired Hedge Fund Strategies.
- Learn How Financial Regulation Impact Hedge Fund Strategies.
- Discover How MBA Level Courses in Hedge Funds are Delivered.
- Learn How Various Hedge Fund Strategies have Performed over Time.
- Learn About Major Hedge Fund Failures such as Long Term Capital Management.
- Learn How Failures can Lead to the Dissipation of Billions in Days or Weeks.
This is an MBA Level course on Hedge Fund Fundamentals. We will begin by examining how Corporate Finance inspired Hedge Fund Strategies. We will examine Capital Budgeting and Capital Structure decisions. We will examine Stock and Bond Pricing as well as Economic Breakeven. We will begin our Analysis of Hedge Funds by examining the Origins of Hedge Funds. We will examine how Financial Regulation starting with the Securities Act of 1933 shaped Hedge Funds. We will also examine the 40 Acts and Dodd-Frank. Hedge Funds were brought under regulatory purview following the Financial Crisis of 2007-2009. We will examine the adoption of Form PF in the United States and EU AIFMD in Europe. We will examine the growth of Hedge funds from its origins in the 1920s to the current time.
Once we have examined the Fundamentals of Hedge Funds, we will shift our focus to how hedge funds operate. We will examine the roles of the major Service Providers such as Prime Brokers, Custodians and Administrators. We will examine the process of Net Asset Value (NAV) calculation.
Following our Discussion of Service Providers, we will analyze hedge fund strategies. We will examine the three major Groups of Strategies which are Relative Value, Event Driven and Opportunistic. We will examine common trading strategies and map historical returns of those strategies.We will examine historical returns for the US,EU and other jurisdictions. We will examine historical returns from four sources: Credit Suisse, HFR, BarclayHedge and Edhec-Risk. We will discuss why certain strategies have not been able to generate stellar returns.
Finally, we will examine some of the major Hedge Fund Failures. We will examine the big four failures i.e. Long Term Capital Management, Amaranth Advisors, SAC Capital and Bernard Madoff Investment Securities.
This is a 14+ hours course with numerous downloadable resources. Each Lecture Video is accompanied by a Lecture Plan. The Lecture Plan is a Word Document listing 10-15 bullet points for each Lecture. I recommend viewing the Lecture Plan before watching the Videos. Scroll down and watch the Preview Lectures on Course Materials, Life Cycle of Companies and Origins of Hedge Funds. I will see you in the Course!
