Advanced Asset Management program is focusing on enhancing the service delivery through an improved application of Asset Management (AM) techniques and methodologies.
The global financial crisis left the world wondering what is next for the markets. Uncertainty means we have to rethink our investment strategies. How can we do things better? How do we balance risk and return in the post-crisis landscape?
To answer these questions, asset managers need to know about the latest trends. They need a razor-sharp understanding of market fundamentals and dynamics, and they must have a firm grasp of behavioral finance to select their portfolio strategies and steer their investments to succeed.
Developed for asset managers from long-only institutions and market-neutral organizations alike, the Advanced Asset Management programme has been designed to provide a state-of-the-art ‘refresh.’
It will help participants provide better performance for their clients by giving them an in-depth understanding of the significant trends and issues in asset management today.
Participants will be encouraged to broaden their thinking, emerging from the very narrow and specific set of skills used in day-to-day management to gain a better understanding of the new trends and issues in finance.
They will explore modern ideas, as well as detailed asset management and portfolio selection techniques.
Through a mix of lectures, case discussions, and practical illustrations, the programme will cover strategic asset management, stock selection techniques and arbitrage investing.
It will also cover alternative investment strategies and vehicles, along with their risk and return potential.
By the end of the programme, participants will have gained an overview of new industry trends and been exposed to new ideas that can be turned into asset allocation strategies.
They will learn about the main pitfalls and problems faced by their peers in the asset management industry. They will also acquire a new understanding of markets and strategies.
You might be interested in other Asset Management programs as a next step.
YOU WILL LEARN HOW TO
Broaden and deepen your understanding of new investment management concepts and explore the latest investment strategies and techniques
Gain new insights into state-of-the-art asset allocation trends and ideas
Learn to provide better performance for your clients
Explore the main pitfalls and problems facing peers in asset management today
IMPORTANT COURSE INFORMATION
Certificate
At the end of the course, there will be a multiple-choice exam of straight-forward questions based upon the content covered during the session.
A pass mark of 50%, in addition to a perfect attendance record and active participation during the course sessions, is required to be awarded the Certificate of Completion from Strategic Axis.
COURSE OUTLINE
A Definition Of AM
A “Meta View” of the AM paradigm
Managing the asset base’s “potential to fail.”
Payoffs and benefits, downsides
The “Five Core Questions” and the “key step in AM Process.”
The changing utility industry
The emerging utility of tomorrow
A Definition Of AM
A “Meta View” of the AM paradigm
Managing the asset base’s “potential to fail.”
Payoffs and benefits, downsides
The “Five Core Questions” and the “key step in AM Process.”
The changing utility industry
The emerging utility of tomorrow
Module 2: Strategic asset management: trends and new insights
Assessment of the asset classes: their role in modern portfolio allocation
New insights into risk – from volatility to tail risk and crash risk
Analysis of performance and uncertainty in the long run
The purpose of strategic asset allocation decisions: core and satellite allocation
Overview of new investment classes: risk and returns of the different hedge fund strategies
How to understand manager selection
Exploration and assessment of varying risk models
Overview of asset management benchmarking and relative risk
Definition of risk analysis and risk decomposition
Study of the recent evolution of the hedge fund industry and its evolving regulatory environment
Exploration of liquidity and crisis risk
Analysis of trends in portfolio allocation: from high-frequency to the role of sentiment
Module 3: Stock selection techniques: new ideas for long-term investors
Value creation determinants for the long run
Cash flow analysis and technical analysis – focusing on the role of profitability
The role of financial statements and liquidity analysis
Corporate events as signals of long-term value
Module 4: Arbitrage investing: behavioral strategies and arbitrage-based tools
Understanding behavioral biases and their impact on portfolio selection
Analysis of biases-based trading strategies
Understanding investment tools based on behavioral biases
Recent trends in behavioral focus
Explanation of sources of the ‘mispricing’ that keeps stock valuation misaligned
Analysis of the ease of implementing these strategies and their effectiveness
Comparison of old strategies with new techniques and methodologies
Module 5: Identifying which Assets are Critical to Sustain Performance?
Understanding how assets can fail – the four primary failure modes
Determining the “likelihood of failure.”
Determining the “consequences of failure.”
Regulatory requirements in today’s asset management
Ethics and asset management
What is expected of you as an asset executive?
Module 6: Developing a Robust Asset Management Plan
Identifying effective operational and maintenances best practices
Which is the best option? – the basics of “optimal renewal decision making.”
Using AM to drive operations and support
Moving systematically into reliability-centered and condition-based maintenance
Depreciation of operating assets
Identifying the salvage value of your assets
Initial condition analysis, determining remaining physical life
Reviewing depreciation estimates
Determining replacement value
