Introduction to Hedge Fund

• Explains the concept of equity long-short fund strategy
• Explains the technique ‘Market Neutral’ – one of the purest form of hedge fund investment relying entirely on managerial skills
• Illustrate the problems faced by short-sellers
• Explains the concept of arbitrage funds with an aim to exploit the anomalies in the mispricing of two or more securities
• Describes the types of arbitrage funds – convertible arbitrage, statistical arbitrage and fixed income arbitrage
• Explains the concept of directional funds managed by global macro managers and futures or commodity trading advisers
• Explains the Event-Driven approach using distressed debt, merger arbitrage, activist funds and multi-strategy funds

Player and Participants

• Illustrated different players in the capital market

Funds-of-Funds

• Explains the concept of fund-of-fund manager and the factors influencing thereby such as time & expertise to analyse a range of funds and the comfort blanket a fund-of-fund manager provides.
• Illustrates the process of how funds pick managers
• Explains the process of safe hedge fund investment in structured products and their drawbacks
• Explains the services offered by Multi-Strategy funds against Funds-of-Funds

Regulations of Hedge Funds

• Explains the different approaches to supervision of industry in different countries
• Describes the tax and regulation structure that hedge funds adopt to get around the rules
• Explains the key intermediaries and people that act as eyes and ears of the hedge funds industry also called Primary Brokers
• Explain the process of managing different types risks arising in hedge funds – Market Risk, Liquidity Risk, Counterparty Risk and Operational Risk

Pros and Cons of Hedge Funds

• Explains the role of hedge funds in society
• Explains the hedge funds and recognizing risk involved to generate returns
• Explains the return that investor yield aligned with the interest of manager and investor
• Explains the Bell Curve of Returns

Future of Hedge Funds

• Explain the process of consolidation of industry and the power associated with the fund managers
• Explains 130-130 funds used by managers to produce strategies to produce half way house between two hedge funds
• Describes the process of acquiring Permanent/Fixed capital – By floating the fund management company itself or by floating specific funds on stock exchange
• Explains the concept of cloning and the returns generated from highly liquid market such that the cost of trading is low
• Describes the strategies for future and growth opportunities

Apply for Certification

https://www.vskills.in/certification/Certified-Hedge-Fund-Manager