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Course title

Hedge Funds and Prime Brokerage

Duration
Two Days

Course Duration
2 Days

Introduction
- History of Hedge Funds
- Size and Structure Of The Hedge Fund World
- Role of the Administrator (TPA)
NAV

The Regulatory Structure
- New FSA Guidelines
- Domicile…location of Stock
- Exchange Registration

Financing
- Equity Financing
- Leverage / Gearing
- Hedging Share Classes

Securities Borrowing / Lending
- The Market
- The Risks

Hedge Fund Investment
- Global Macro
- Long Only / Leveraged
- Long / Short Funds
- Convertible Arbitrage
- Fund of Funds
- Others
 
 

The Role of The Prime Broker
- Services Provided

Risk Management
- Case Study
Long Term Capital Management

Overview of the Products
- Exchange Traded Futures and Options Clearing
- CFDs – Contracts For Difference
° Corporate Events
° Manufactured Dividends
° Rights Issues
- Swaps
° ISDA Documentation
° Credit Default Swaps
° Asset Swaps
- OTC Options
- What is Volatility ?
- The Greeks
° Delta Hedging

Hedge Fund Strategies
- Convertible Bond Arbitrage:
A strategy where the fund manager hopes to benefit from a miss-pricing of volatility in a convertible bond issue!

Using many different derivative products he can achieve this and make a “market risk free profit”.

We examine how this is done and the operational risks and problems caused by this style of trade !

We tailor courses to match all areas of experience, level, prior knowledge, and emphasis. Just tell us what you want, or ask for a free consultation.”

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