Hedge Funds: Strategies and Investment Perspectives

INTRODUCTION

To enhance the understanding of hedge fund as an alternative asset class; its myriad strategies and the risk/return characteristics of investing in it.

This e-training programme comprises 8 modules and 2 assessments. Answer all quiz questions at the end of each tutorial in order to complete the training.

COURSE DURATION

2.5 hours

COURSE OBJECTIVES

• Understand the various strategies that the hedge fund industry employs
• Understanding the risk/return characteristics of the various hedge fund strategies
• Analysing and evaluating the opportunities and pitfalls of investing in hedge funds in the context of a well-diversified portfolio

COURSE OUTLINE

Module 1: Hedge Funds Classifications

• Directional strategies
• Relative value strategies
• Event-driven strategies

Module 2: Directional Strategies

• Global macro
• Managed futures
• Equity long/short
• Dedicated shorts

Module 3: Relative Value Hedge Funds

• Convertible arbitrage
• Fixed-income arbitrage
• Equity market neutral
• Volatility arbitrage

Module 4: Event-Driven Strategies

• Merger arbitrage
• Distressed securities

Module 5: Multi-Strategy vs. Funds-of-Hedge Funds

• Multi-strategy managers
• Funds-of-hedge funds

Assessment #1

Module 6: Performance of Various Hedge Funds Strategies

• Statistical moments
• Performance of Directional Strategies
• Performance of Relative Value Strategies
• Performance of Event-Driven Strategies
• Performance of Fund-of-Hedge-Funds

Module 7: Why Invest in Hedge Funds?

• Rationale for Including Hedge Funds in a Diversified Portfolio

Module 8: Let’s Examine the Claims!

• Alpha vs. Beta
• Alpha and Liquidity Risk Premium
• Fat Tails
• Asymmetric Returns
• Sharpe Ratio
• Hedge Fund Diversification is Not a Free Lunch!

Assessment #2

IBF-FTS Funding

The Financial Training Scheme (“FTS”) provides funding for financial sector-specific training programmes which are recognized under FTS. This scheme is only eligible for company-sponsored participants who are Singapore Citizens or Singapore Permanent Residents, physically based in Singapore, and who have successfully completed a FTS programme. Financial Institutions (MAS licensed or exempt entities), involved in or supporting financial sector activities, are eligible to submit claims for company-sponsored participants.

IBF and MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%.

For more information, please refer to IBF website.

Terms and Conditions

1) You will receive the enrollment email within 2 business days after the payment verification. Payment verification will take 1-2 business days to verify upon successful registration. If you are new to Salmon Thrust online learning system, you will receive an additional invitation email to create your online account.

2) Access to the e-training materials is valid till:

• 30th June (date inclusive) if you sign up between 1st January and 30th June 2022
• 31st December (date inclusive) if you sign up between 1st July and 31st December 2022

3) This e-training programme takes approximately 2.5 hours to complete.

4) In order to qualify for Continuing Education credits from SGX, please complete all quiz questions found at the end of each tutorial (a 70% pass rate is required) by:

• 30th June (date inclusive) if you sign up between 1st January and 30th June 2022
• 31st December (date inclusive) if you sign up between 1st July and 31st December 2022

5) If participants wish to make any changes to their application or request for a refund, written notice should be given within 10 business days of receiving the access ID and password to the online programme and provided the access has not been utilised. There will be an administrative fee of 20% of the fees paid. There will be no changes or refund if notice is given thereafter or if the access has been utilised.

6) It is recommended to login the web browser via a personal computer.

7) For assistance please contact e-training@sgxacademy.com or call 6011-1536.
(Operating Hours: 9.00am to 5.00pm)

This course is recommended for Trading Representatives and Professionals who need to meet their Continuing Education Credit.

SGX reserves the right to make changes to information regarding the programme if warranted by circumstances beyond its control.

Disclaimer:

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