Training Courses

Training Courses

Hedge Funds and Prime Brokerage

Course Title:      Hedge Funds and Prime Brokerage
Duration:             2 days
Location:             Central London or Client office
PRICE:                 For tailored price CALL FREE 08000 828684


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 !  


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