Portfolio Management Professional Certificate

New York Institute of Finance

New York Institute of Finance

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Who should attend

  • Portfolio managers and support personnel
  • wealth managers
  • investors
  • private bankers and financial advisors.

About the course

Develop core competencies in portfolio management. Learn how to conduct portfolio performance measurement and attribution. Review portfolio strategies for a variety of asset classes including fixed income, equity and alternatives.

Prerequisite knowledge:

  • Intermediate MS Excel skills
  • Basic probability and statistics
  • Familiarity with fixed income instruments and concepts
  • Familiarity with equity valuation concepts

CURRICULUM

Day 1

MODULE 1: REVIEW OF FIXED INCOME CONCEPTS

  • Fixed income arithmetic
  • Fixed income instruments
  • Term structures of rates and yields
  • How are bonds traded?
  • Fixed income risk: Duration and Convexity
  • Corporate bonds: Credit risk

MODULE 2: PASSIVE FIXED INCOME PORTFOLIO MANAGEMENT

  • Fixed income indexes
  • Index funds and replication techniques
  • Tracking error minimization
  • Cash flow matching
  • Immunization techniques

MODULE 3: ACTIVE FIXED INCOME PORTFOLIO MANAGEMENT

  • Rate prediction strategies
  • Yield curve strategies
  • Interest rate scenario analysis
  • Credit strategies
  • Tactical allocation strategies
  • Relative value stategies

Day 2

MODULE 1: REVIEW OF EQUITY VALUATION TECHNIQUES

  • Importance and quality of earnings
  • Present value models
  • Multiples based valuation
  • Asset-based valuation models
  • Industry and company analysis

MODULE 2: EQUITY STRATEGIES: FROM STOCK PICKING TO PORTFOLIO MANAGEMENT

  • Structuring an equity portfolio
  • Use of indexes
  • Translating information into investment ideas
  • Hedging with options
  • Short selling
  • Growth strategies
  • Value strategies
  • Blended strategies

MODULE 3: MODERN PORTFOLIO THEORY

  • Systematic vs. Unsystematic Risk
  • Diversification
  • Deriving beta

Day 3

MODULE 1: INTRODUCTION TO HEDGE FUNDS

  • Traditional investments and alternative assets
  • Role of hedge funds in an investor's portfolio
  • History of the industry
  • Size and growth of the Industry

MODULE 2: HEDGE FUND OPERATIONS

  • Governing regulations
  • Legal structures
  • Documentation
  • Outside service providers
  • Prime brokerage

MODULE 3: HEDGE FUND STRATEGIES

  • Market directional
  • Corporate restructuring
  • Convergence trading
  • Opportunistic strategies

MODULE 4: ISSUES FOR HEDGE FUND INVESTORS

  • Who can invest in hedge funds
  • Due diligence
  • Fees
  • Portfolio monitoring
  • Benchmarks and biases
  • Leverage
  • Risks for hedge funds
  • Fund of funds
  • Portfolio construction
  • Back to Top

Day 4

MODULE 1: MEASURING RISK AND RETURN

  • Return: Geometric and Arithmetic
  • Holding Period, NAV
  • Risk: Standard Deviation; Semi-variance; Correlation; VaR
  • Market price of risk: CAPM, APT
  • Liquidity risk
  • Credit risk

MODULE 2: ANALYZING PORTFOLIO PERFORMANCE

  • Risk adjusted returns: Sharpe, Treynor, Jenson, Sortino, Calmar, Information Ratio
  • Behavioral and technical considerations

MODULE 3: THE INVESTMENT DECISION MAKING PROCESS

  • Balancing risk and reward
  • Roles of financial advisiors and portfoloio managers
  • Life cycle investing
  • Principle risk and real returns
  • Creating portfolios for institutions and individuals

Day 5

MODULE 1: FUND STRUCTURES

  • Fund Types, ETF/Index, SMAs, Synthetic Funds
  • Marketing strategies
  • Fees, liquidity, regulations
  • Industry trends

MODULE 2: PRIVATE EQUITY

  • Venture capital
  • Buyout
  • Special situations
  • Transparency issues

MODULE 3: RETIREMENT AND ESTATE PLANNING

  • Wealth transfer through trusts
  • Gifting
  • IRAs, 401Ks and other Issues
  • Taxation of Retirement Assets

MODULE 4: DESK READY SKILLS KNOWLEDGE CHECK

WHAT YOU'LL LEARN

  • Understand active and passive fixed income portfolio management strategies
  • Correctly implement a variety of yield curve strategies
  • Understand the risk and return characteristics of a number of equity strategies
  • Understand the prevalent hedge fund strategies and the implications for diversified portfolio performance
  • Understand the interrelationships between strategies across asset classes
  • Understand the implications of modern portfolio theory for real-world portfolio management
  • Learn how to measure portfolio performance
  • Learn how to attribute portfolio performance to risk factors

Portfolio Management Professional Certificate at New York Institute of Finance

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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