Investment Management School

InvestmentManagement

SchoolAn intensive 10 day training course

“The programme was ambitious and interesting”Past delegate

Join us here in London for this 9-day intermediate programme designed to equipinvestment professionals with practical know-how of new approaches and new assetclasses for today’s investment conditions.

� Devise asset allocation strategies for a post-credit crunch environment

� Alpha analysis and information ratios in theory and practice

� Learn and apply the principles of Post-modern portfolio theory

� Construct superior equity portfolios using behavioural finance theory

� Reassess hedge fund investing in light of recent events

� Learn how to implement portable alpha strategies via practical applications

� Assess the opportunities offered by emerging alternative assets

� Develop frameworks to accommodate real and tangible assets in portfolios

Course Director: Guest SpeakersBernard Duffy Amin RajanInvestment Management Specialist Bill Rodney

7–15 December 2009Central London, UK

Secure your place! Register before 9 November 2009 (Should you miss this booking date please call +44 (0) 20 7779 8780)

InvestmentManagement School

An intensive 9 day training courseRe-vamped for a post credit crunch world

Early bird gift offer Book by 5 October and receive a free digital camcorder

see website for terms and conditions

7th Annual

The last few years have seen a number of forcesre-shaping the investment management industryinternationally. Equity volatility, new fixed incomeproducts, the growth of hedge funds,commodities and real estate – to name but a few –have contributed to dramatic changes in investorpreferences, investment styles and asset allocation.Traditional analytical frameworks and performancemeasures must now be used together with a newgroup of tools and metrics to interpret data,trends and performance in this new environmentand for newer asset classes.

Join us here in London for this intensive 9 day Euromoney Training coursewhich will give you all the in-depth information you will need to advanceyour investing skills. On completion of the course you will be ready toimplement your new skills into real-world investing activities, with theultimate objective of increasing returns, reducing risks and attracting(and retaining) investors.

who should attend?

Designed for individuals whowish to make a real impact ontheir investment managementstrategy. We suggest thefollowing investmentprofessionals attend:

� Portfolio / Fund/Asset Managers

� Investment Analysts / Advisors / Strategists

� Private Bankers / Investors� Heads of Investment� Pension Fund / Trustee

Managers� Regulators, Auditors

and Actuaries� Securities Salespersons

past clients

� Abu Dhabi InvestmentAuthority

� ARM Investment Managers� Barclays� Caixa Geral de Depositos� Dresdner Kleinwort

Wasserstein� European Investment Bank� Fidelity Bank� HSBC Private Bank� ING� JP Morgan Chase� The National Economic

Reconstruction Fund� Saudi Aramco� The World Bank

Why not recommend thiscourse to a colleague?

Secure your place!Register before

9 November 2009 atwww.euromoneytraining.com/uk

Should you miss this booking dateplease call +44 (0) 20 7779 8780

to check availability

“Very good. I learnt a lot from the course and gained valuable insight on current investment practices”Past delegate

© Copyright Euromoney Training 2009


An intensive 9 day training course7–15 December 2009 Central London, UK

7th Annual

Amin Rajan

Amin Rajan is the Chief Executive of theCentre for Research in Employment andTechnology in Europe (CREATE) – a pan-European network of prominent researchersundertaking high level advisory assignmentsfor government, financial institutions,multinational companies and supra-nationalagencies. Much of Mr Rajan’s recent researchand consulting has focused on leadershipand strategy in investment managementorganisations. With KPMG he has nowpublished two international studies onstructures and strategies for 21st centuryasset management.

His work has proved so influential that henow provides leadership coaching to ChiefExecutives, executive committees andinvestment specialists in a range of companies,including: Deutsche Asset Management,Dresdner RCM, HSBC Holdings, Invesco,Merrill Lynch Investment Managers, UBSAsset Management, PricewaterhouseCoopersand Virgin One Account.

As well as appearing on radio and televisionregularly, he contributes feature articles toThe Financial Times Fund ManagementBulletin and has published numerous booksand articles on leadership. In 1998 he wasawarded the Aspen Institute’s Prize inLeadership. Prior to establising CREATE,Mr Rajan worked as an economic advisor forthe UK Cabinet Office and HM Treasury.

Bill Rodney

Bill Rodney is an internationally recognisedauthority on the principles and practice ofreal-estate projects, real-estate finance andreal-estate investment. His career combinesboth direct involvement as a charteredsurveyor in large scale commercialdevelopment schemes, as well as extensiveconsulting and training experience in thefinancing of and investment in real estate inthe UK, Europe and internationally. Billregularly presents training to a range of clientsincluding banks, fund managers, corporates,government bodies, investment and otheradvisors, where his practical market-focusedapproach is highly valued.

Until recently Bill was senior lecturer in theReal Estate Faculty of Cass (City University)Business School, where he taught the specialistReal Estate Investment and Finance Mastersand MBA programmes. Bill has also held otherspecialist roles at: Investment Property Forum’sAdvanced Education Programme, NACOREUK’s Corporate Real Estate DesignationProgramme (Impact of Corporate Real EstateTransactions on Financial Statements), RICSdelegate to FIG Commission 9. He has advisedon Private Finance Initiatives (PFI) to Centraland Local Government Authorities andundertaken a range of consultancies on areassuch as enhancing corporate value throughproperty re-engineering. Bill is a CharteredSurveyor and holds an MSc in Real EstateInvestment and Finance from City University.

Enquire or register your interest today!Webwww.euromoneytraining.com/uk

Course directors

Course Director: Bernard Duffy

Bernard Duffy is highly respected for hisability to integrate selling skills training withcomplex product training in an informativeand entertaining style.

Bernard began his investment managementcareer with Abbey Life in Dublin beforemoving to London in 1985 to work for IrishLife Assurance Plc. At Irish Life, he wasresponsible for investment product marketingand new fund launches and was responsiblefor the company's successful entry into thesingle premium bond market.

He joined County Bank at the end of 1986 asResearch and Development executive in theunit trust division. In 1987 he transferred tothe pension fund department, assumingresponsibility for the management andperformance of Canadian equity investments.In 1991, he was seconded to the Europeanequity desk to manage a research project onEuropean smaller companies. At the end of1992, he was appointed head of the NorthAmerican equity desk.

Bernard has a B.A.(Hons) in Economics andPolitics, an M.A. in Development Economicsand an M.B.A. in Finance from the CityUniversity Business School in London.

Bernard has undertaken numerous trainingassignments throughout Europe, Asia and the U.S.A. for leading private banks and asset managers.

The course will be delivered by an expert faculty of trainers,consultants, investment managers and advisors. Input will beprimarily through lectures and guest presentations. At eachstage, practical applications of all the techniques learnt willbe consolidated via exercises, case studies, computerspreadsheet analysis and simulation sessions.

Agenda



7–15 December 2009 Central London, UK

Day 1Quantitative background and tools to enhancethe investment process

� Post-modern portfolio theory– Recap of capital asset pricing model and arbitrage

pricing theory– First and second order stochastic dominance– Problems with standard deviation as a measure of risk– Foundations of post-modern portfolio theory– Downside deviation and the minimum acceptable

return (MAR)– The target rate of return and upside potential– Conclusions of post-modern portfolio theory– Practical applications of Post-Modern Portfolio Theory

� Information ratios and opportunity sets– The information co-efficient and manager skill– The information ratio– The fundamental law of active management– Inside the information ratio– Residual risk and residual return– The opportunity set and residual frontier

� In search of alpha– Defining alpha– Ex-ante and ex-post-alpha– Sources of alpha– Techniques for forecasting alpha– Alpha analysis– Alpha and portfolio construction– Refined alpha– Alpha and residual risk– T-statistics, information ratios and information co-efficients

� Global Asset Allocation Simulation

Case study: develop a framework for deriving alphaforecasts that can be applied.

Case study: applying Information RatiosDelegates will apply a number of quantitativetechniques in a series of practical exercises to test theirunderstanding of information ratios.

Case study: applying the principles of Post-ModernPortfolio Theory. Delegates will assess how newmeasures of risk compare with more traditionalmeasures and how they can be used in discussing and formulating investment strategy with trustees and plan sponsors.

Day 2Asset allocation in a post credit-crunchenvironment

� Asset allocation theory– Components of expected return– Forecasting asset class expected returns– The covariance and correlation matrix– How useful is correlation in today’s environment?– Building optimal portfolios– Importance of the Benchmark and policy portfolio– Historical equity and bond risk premia– Where has the equity rate premium disappeared to?

� Strategic and tactical asset allocation – constrainedand unconstrained– A comparison of the different approaches to asset allocation– Strategic, tactical, integrated and insured approaches– The Yale Endowment Model– Core / Satellite approaches– Unconstrained approaches– Defining the dimensions of unconstrained and tactical asset

allocation frameworks– Tactical asset allocation, tactical style allocation and

credit yield spreads– New approaches to the asset allocation decision

� Asset mix rebalancing– What is rebalancing and why do it?– A comparison of the different approaches to rebalancing– Buy-and-hold– Constant mix– Constant proportion portfolio insurance – CPPI– Options based portfolio insurance – OBPI

� Global asset allocation simulation

Case study: style investing was a hot topic at the peak ofthe last cycle and examine a number of new approachesto the important issue of equity style management in portfolios.

Case study: develop a benchmark timing and compositetactical asset allocation framework to help reduce therisks to this important decision.

Case study: asset allocation theory. Delegates will apply asset allocation theory to explain a number of high profile asset allocation moves by institutionalmoney managers

course overview

Whether you are involved ininvesting in domestic marketsor internationally, for institutions,pension-holders or private clients,this programme offers theopportunity to advance yourreal-world investing skills throughstructured study, group exercisesand investment simulations. Thisensures that on completion ofthe course you will be able toapply your new skills to real-worldinvesting activities, with theultimate objective of enhancingreturns, reducing risks, as well asattracting (and retaining) investors.

metholodgy

The programme is highly intensive,requiring full and activeparticipation. It provides avaluable opportunity to networkwith other industry professionals.Whilst some early evening work oncase-study readings / group workis required, delegates are givenadequate free time to relax,including two evenings whencourse dinners are hosted byEuromoney Training at localrestaurants.

course includes

� Practical exercises of how tostructure portfolios to match orbeat specific benchmarks orexpected returns.

� Comprehensive pre-coursepreparation reading is availablefor those wishing to review thefundamentals of fixed income /equity analysis, CAPM, APT andother principals of modern portfolio theory.

� In addition to the exclusivecourse materials, you will receivea free copy of the best selling textbook Alternative InvestmentStrategies by Sohail Jaffer.

prerequisite

Knowledge of the fundamentals ofmodern portfolio theory, fixedincome and equity analysistechniques required. Some previousformal or on-the-job training inthese areas is assumed. Whilst it isnot essential that you have directexperience of investment analysisor management but someexperience of quantitativefinancial analysis either for afinancial institution, corporate oradvisory firm is expected. Noadvanced quantitative or statisticalbackground is required.


An intensive 9 day training course

7th Annual

Book by 9 November 2009 to secure your place. (Should you miss this booking date please call +44 (0) 20 7779 8780)Email Telephone [email protected] +44 (0)207 779 8780 +44 (0)207 779 8693

9 day course

Day 3Reassessing the investment case for real estate

� Introduction: the product– Investment characteristics of real estate– What has changed?– What is changing?– Performance drivers

� How much in real estate?– Risk and return– Diversification– Modern portfolio theory and real estate– Why international?

� How to invest in real estate: direct vs. indirect;public vs. private– Available vehicles– Open ended vs. closed ended vehicles– Private vehicles vs. quoted property stocks– Investor preferences– Derivatives

– Investment models and valuation– Income– Yield, RFR– Rent, demand and supply– Forecasting returns– A property return model– Opportunities in the public markets– Commercial mortgage backed securities– European real-estate investment trusts

Exercise: international appraisal approaches.

Case study: using indirect vehicles for internationalexposure - a model for the direct market.

Exercise: using optimisation – how much in property?

Day 4Portable alpha and dynamic portfolio approaches

� Asset and liability issues– The global pensions crisis – European, UK and

US perspectives– The rising costs of funding pension schemes– The importance of the pension fund to corporate

balance sheets– The relationship between pension assets and liabilities– Measuring and modelling a pension liability– Impact of liabilities on investment strategy– Liabilities and funding strategy– Pension surplus and the risk-adjusted change in surplus– Current issues in asset / liability modelling

� Dynamic portfolio approaches– Dynamic portfolio analysis with assets and liabilities– Developing a strategic benchmark in an

asset / liability framework– Portfolio optimisation with drawdown constraints– Global equity and bond investing for pension funds– The absolute vs. relative return decision for a pension fund– Dynamic investment approaches– Liability matching strategies - duration matching and

cashflow matching– Strategies with upside - dynamic contingent optimisation

and portable alpha– Limiting the sponsor risk - absolute return and

liability hedging– Generating real returns - new asset classes and real alpha

� Portable Alpha in Theory and Practice– What is portable alpha and how does it work– The components of a portable alpha strategy– Alpha-beta separation– Portable alpha and asset allocation– Portable alpha in a world of low returns– Portable alpha implementation


Key case study: asset allocation and fund manager selection.

Delegates will analyse the case of a pension fund withan asset / liability mismatch and a correspondinginappropriate asset allocation policy. You will berequired to perform the following tasks:

� Analyse the potential impact of the pension deficiton the company’s balance sheet

� Analyse the impact of the fund’s liabilities on overallinvestment strategy

� Devise an appropriate funding strategy� Devise an appropriate strategic benchmark and

asset allocation for the fund� Develop an appropriate investment philosophy for

the fund� Appoint external managers for the fund

Case study: assessing the impact of liabilities on apension fund’s investment strategy – The case of TheBoot’s PLC Pension Fund



Agenda 7–15 December 2009 Central London, UK

Day 5Hedge funds, private equity and commodities :broken promises and busted flushes

� Myth versus reality in the hedge fund world– Are hedge funds a busted flush and what does

the future hold?– Are hedge funds even a stand-alone asset class– Why hedge funds should never have been sold as absolute

return vehicles– Cause and effects of the hedge fund implosion– Separating alpha from beta in the hedge fund space– Revisiting the drivers of hedge fund returns– Do hedge fund-of-funds have a future in light

of recent events?– Implications of external regulation on the hedge

fund industry

� Outlook for hedge fund strategies in a post-creditcrunch world – Outlook for the following strategies :– Relative Value strategies– Opportunistic strategies – Event Driven strategies– Global Macro strategies

� Private equity - revisiting the investment case– Characteristics of private equity as an asset class– The different routes to investing in private equity– The drivers of private equity returns– The J-curve of a private equity investment– How do private equity managers add value– How will private equity perform in a credit

constrained environment– Can private equity outperform public equity without the

use of leverage?

� Commodities – Desmond Fitzgerald– Commodities as an asset class– Risk, return and correlation characteristics of

commodity markets– Overview of major commodity markets– Should commodities be considered a strategic or a

tactical asset class?– Is the bull argument for commodities still in place?

� Global asset allocation simulation

Case study: assess and select a number of hedge fundmanager profiles and rank them against pre-definedqualitative and quantitative criteria.

Case study : hedge funds in the new environment

Case study : Private equity

Day 6Morning: 8.30 - 11.30

Case study work.

Rest of day off - delegates are free to undertake leisure andsightseeing activities.

Day 7Behavioural finance, style management andperformance attribution and analysis

� Introducing behavioural finance– What is behavioural finance– Efficient market hypothesis and behavioural finance– What can behavioural finance teach us about investing– Systematic errors in investment thinking– The major foundations of behavioural finance theory:

Limited arbitrage and investor sentiment– Common behavioural finance traits :– Framing and Coding– Over-confidence– Over-reaction bias– Myopic loss aversion

� Style allocation and style management– What is style management and why do it?– Growth/Value betas and alphas– Extremes in growth and value stocks– Growth/Value barbell portfolios– What drives style cycles– Style and expectations formation in the equity markets

� Performance Attribution and Analysis– The skill / luck matrix– Standard error of the information ratio– Cross sectional comparison performance– Returns-based performance analysis– Components of investment performance– Performance attribution analysis– Risk adjusted performance analysis and measurement– Sharpe ratio– Sortino ratio– Treynor measure– Jensen measure– Fama measure


Case study: Style allocation and style management

Case study: Behavioural financeDelegates will examine recent asset bubbles andsubsequent crashes and explain both phenomena usingthe precepts of behavioural finance



7th Annual

venue

All of our training courses areheld in 4 - 5 star venuesthroughout central London.The training venues are selectedby both their location and trainingand refreshment facilities, thisensures that you will only learnin comfortable and convenientenvironments. Due to the variationof delegate numbers, confirmationof the central London venue, fulladdress and details of how to getthere can only be sent to youapproximately three weeks priorto the course start.

accommodation

If you require accommodationfor the duration of the course,Euromoney Training hasnegotiated discounted rateson your behalf for standard rooms.We strongly advise to make yourhotel reservation early. To book aroom and for the most competitiverates currently available, pleasevisit our website:

www.euromoneytraining.com/accommodation

about us

Euromoney Training coursesare designed for ambitiousprofessionals and provide youwith the practical tools for rapidcareer progression. Based in theheart of London, since 1987Euromoney Training has beenthe leading provider of practicalfinancial training to the world’slargest financial institutions.With our extensive range ofspecialised courses we have metthe training needs of over 30,000market professionals globally andcan adapt any of these courses tomeet the specific needs of yourorganisation.

Enquire today about our in-housetraining solutions, please contactus, Euromoney Training FinancialUK & Ireland.t: +44 (0)207 779 8780 ore: [email protected]

Book by 9 November 2009 to secure your place. (Should you miss this booking date please call +44 (0) 20 7779 8780)Email Telephone [email protected] +44 (0)207 779 8780 +44 (0)207 779 8693

9 day course

Day 8Emerging alternative investments

� Environmental and alternative energy– Overview of the economics of climate change– Factors driving the growing appetite for environmental assets– Ways to invest in environmental assets– Venture capital funding of clean tech companies– Carbon as an asset class– The basics of carbon emissions trading– Biofuels– Solar and wind installation– The reemergence of nuclear

� Infrastructure, forestry and farmland– What are infrastructure assets– Key factors behind the emergence of infrastructure assets– Characteristics of infrastructure assets– The debt market for private infrastructure financing– The impact of the credit crunch on the outlook for

infrastructure investing– Characteristics of forestry and farmland as an asset class– The investment case for forestry and farmland– Determinants of forestry and farmland returns– Tax efficiency of forestry and farmland as asset classes– The risks of investing in forestry and farmland

� Emotional assets– What are emotional assets– The long term case for investing in emotional assets– Risk, return and correlation characteristics of this

unique asset class– Are these assets suitable for institutional investors?– Revisiting the British Rail Pension Fund

Case study: assess the merits and demerits of a range ofequity portfolio construction techniques.

Case study : Incorporating infrastructure, forestry andfarmland into an asset allocation policy.

Case study: Playing the environmental theme.

Day 9Strategic Issues facing the fund management industry

� Top performing investment teams and creativecollaboration for investment professionals– The markets are an expensive place to discover your

personality– Do top investment professionals share common traits?– Carrying out a self-diagnosis– Teamwork in today’s investment environment– Collaborative techniques for investment teams– Enhancing the creativity of investment teams

Guest Speaker – Dr. Amin Rajan

� Forming and managing the ‘Top Investment Team’

� Creating an information advantage– Information and active portfolio management– Information analysis and transforming information into

portfolios– The information horizon and the shelf life of information– Different types of active forecast– Consensus expected returns and naïve forecasts– Refined forecasts: forecasting rules of thumb– T-statistics, information ratios and information coefficients– Data mining and information analysis

� Performance attribution and analysis– The skill / luck matrix– Standard error of the information ratio– Cross sectional comparison performance– Returns-based performance analysis– Statistical and investment theory refinements– Portfolio based performance analysis– Components of investment performance– Performance attribution analysis– Risk adjusted performance analysis and measurement– Sharpe ratio– Sortino ratio– Treynor measure– Jensen measure– Fama measure

Course summary and close (course ends at approx. 1600 hours)

Case study: assess the merits of how and when to applydifferent performance measures to a range of equityportfolios.

Case study: assess the value-added of information fromvarious sources and how it can be integrated into theinvestment process.

Delegate details

Surname Mr/Mrs/MsFirst name Position Department Company Address

Telephone Fax Email

I have read and understood the booking terms and conditions

Signature Date

Fees £6,650 + (£997.50 VAT @ 15%) Total £7,647.50Fees include tuition, documentation, lunch and refreshments.Delegates are responsible for their own accommodation.An invoice will be sent upon receipt of registration form

Payment details (please tick as appropriate)

� VAT exempt EU no. � cheque � invoice� credit card - Amex / Visa / Mastercard**For security purposes, we can only accept credit card payments online at:www.euromoneytraining.com/uk

Signature Date

Registration form� Yes, please register me for Investment Management School (EIF2826),

on 7–15 December 2009

Can’t make this date? We schedule our courses throughout the year. Please contact us to check for alternative dates and locations.

Sponsor details I wish to register the delegate indicatedSurname Mr/Mrs/MsFirst name Position Department Signature Date

VATThe type of supply provided byEuromoney Training is that of a delegatespace. Under the EU 6th Directive, Article9.2 c, the place of supply of this type ofservice is where they are physically carriedout. Since, the events are held in the UK,the place of supply is the UK and thereforeUK VAT has to be charged at 17.5%. A VATreclaim form will be provided upon request.

Incorrect mailingPlease accept our apologies for mail whichis incorrectly addressed. Should you wish toamend the address/ addressee details, pleasesend or fax us a copy of the relevant mailinglabel (on the envelope or brochure) and wewill update our records accordingly.

Data protectionThe information you provide will besafeguarded by the Euromoney InstitutionalInvestor PLC group whose subsidiaries mayuse it to keep you informed of relevantproducts and services. We occasionally allowreputable companies outside the EuromoneyInstitutional Investor PLC group to contactyou with details of products that may be ofinterest to you. As an international group wemay transfer your data on a global basis forthe purposes indicated above. If you object tocontact by telephone fax or email please tickthe relevant box. If you do not want us toshare your information with other reputablecompanies please tick this box

DisclaimerEuromoney Training reserves the right tochange or cancel any part of its publishedprogramme due to unforeseen circumstances.

A division ofEuromoney Institutional Investor PLC

Registered Office:Euromoney TrainingNestor House, Playhouse YardLondon EC4V 5EX, United Kingdom

Registration No. 954730 England

Cancellation policyCancellation or transfer requests must bemade in writing (letter or fax) and reachthis office 20 working days before the coursecommencement date. A full refund less a£100 administration fee will be given.Delegates who cancel less than 20 days beforethe course commencement date, or who donot attend, are liable to pay the full course feeand no refunds will granted.If you wishto transfer to a different course within a sixmonth period, and you have paid your coursefee in full, you will be invoiced a 25%additional charge to transfer your registrationand any difference in course prices. You willnot incur any additional charges if you wishto send a replacement delegate and yourregistration meets the above terms.

VATUnder UK Exise regulations delegates from allcountries are required to pay VAT at 15% onall courses taking place in the UK. A UK VATreclaim form is available upon registration.

Incorrect mailingPlease accept our apologies for mail whichis incorrectly addressed. Should you wish toamend the addressaddressee details, pleasesend or fax us a copy of the relevant mailinglabel (on the envelope or brochure) and wewill update our records accordingly.

Data protectionThe information you provide will besafeguarded by the Euromoney InstitutionalInvestor PLC group whose subsidiaries mayuse it to keep you informed of relevantproducts and services. We occasionally allowreputable companies outside the EuromoneyInstitutional Investor PLC group to contactyou with details of products that may be ofinterest to you. As an international group wemay transfer your data on a global basis forthe purposes indicated above. If you object tocontact by telephone fax or email please tickthe relevant box. If you do not want us toshare your information with other reputablecompanies please tick this box

Data protectionThe information you provide will besafeguarded by the Euromoney InstitutionalInvestor PLC group whose subsidiaries mayuse it to keep you informed of relevantproducts and services. We occasionally allowreputable companies outside the EuromoneyInstitutional Investor PLC group to contactyou with details of products that may be ofinterest to you. As an international group wemay transfer your data on a global basis forthe purposes indicated above. If you objectto contact by telephone , fax or email please tick the relevant box. If you do notwant us to share your information with otherreputable companies please tick this box .

DisclaimerEuromoney Training reserves the right tochange or cancel any part of its publishedprogramme due to unforeseen circumstances.

A division ofEuromoney Institutional Investor PLC

Registered Office:Euromoney TrainingNestor House, Playhouse YardLondon EC4V 5EX, United Kingdom

Registration No. 954730 England

group discounts

available –

contact us to

find out more.


Join us here in London for this 9-day intermediate programmedesigned to equip investment professionals with practical know-how of new approaches and new asset classes for today’sinvestment conditions.

A 9-day intermediate programme designed to equip investment professionalswith practical know-how of new approaches and new asset classes for today’sinvestment conditions.

� Devise asset allocation strategies for a post-credit crunch environment� Alpha analysis and information ratios in theory and practice� Learn and apply the principles of Post-modern portfolio theory� Construct superior equity portfolios using behavioural finance theory� Reassess hedge fund investing in light of recent events� Learn how to implement portable alpha strategies via practical

applications

Course Director: Guest SpeakersBernard Duffy Amin RajanInvestment Management Specialist Bill Rodney

Book by 5 October and receive a free digital camcorder

4 easy ways to registerPlease quote reference 209GE3

1. Webwww.euromoneytraining.com/uk

2. [email protected]

3. Telephone+44 (0)207 779 8780

4. Facsimile+44 (0)207 779 8693

Register by 9 November 2009to secure your place.

Should you miss this booking date please call +44 (0) 20 7779 8780



7–15 December 2009 Central London, UK

7th Annual

Investment Management School

Documents

Transcript of Investment Management School