Hedge Funds: Advanced Techniques

LEVEL: ADVANCED LEVEL

▪	Assess a hedge fund project’s chances of success
▪	Choose the best partners
▪	Master the techniques of risk control
▪	Understand the operational obstacles standing in the way of hedge funds

▪	Risk management - Advanced
▪	Creating a hedge fund - Advanced
▪	Risk management - Advanced
▪	Due diligence - Advanced
▪	Management process - Advanced

▪	Exchange experiences with seasoned hedge fund managers
▪	Operational suggestions for the process of hedge fund creation
▪	Pragmatic approach based on real-life examples
▪	Active debate

▪	Hedge fund managers
▪	Fund selectors
▪	Institutional investors
▪	Analysts

Each Fund Manager presents an aspect of his/her research and procedure

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Long-short equity: system override?

Structuring data

Giving meaning to scoring models

Controlling model and execution risk

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CTA: minimising risk?

System typology

Diversification of systems, parameters, markets, horizons

Stop loss management

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Arbitrage: automated trading?

Mathematical and behavioural models

Theory vs Practice

Modelling execution

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Convertible arbitrage: capacity constraints?

IFRS constraints on issuers

Widespread arbitrage models

A closer-to-perfect arbitrage

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Funds of hedge funds: predict successes

Managing capacities

Due diligence: emerging strategies

Performance analysis

Presentations will be followed by a workshop in which will be exchanged professional experiences dealing with hedge fund creations

Practical Matters

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Initial team

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Validating the process: beyond back-testing

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Business assets

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Business plans and seed capital

Operational Matters

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Selecting a prime broker and a custodian

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Administrator

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Valuation

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Marketing strategy

Risk Management, VaR Frontiers

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Dynamic risk analysis

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Model risk

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Liquidity risk

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Non-linear aspects and cumulative effects