Capitalise on a unique and flexible course

  • Risk allocation and risk budgeting, factor investing for multi-asset solutions, smart beta in equity and fixed-income, liability-driven investing, goal-based investing and goal-based reporting, improved forms of target-date funds and retirement solutions…
  • Explore asset allocation concepts and techniques at your own pace relying on elearning material developed by EDHEC-Risk Institute.
  • Discuss them through case studies at our London campus with Professor Martellini.

 

FROM INVESTORS’ PROBLEMS TO INVESTMENT SOLUTIONS

Investors are facing problems, for which they need dedicated investment solutions, as opposed to off-the-shelf investment products. This recognition is giving rise to a whole new investment paradigm, taking on slightly different forms in individual versus institutional contexts:

Liability-Driven Investing (LDI) in Institutional Money Management
Goal-Based Investing (GBI) in Individual Money Management

Broadly speaking, investment management is the art science and engineering of efficiently spending investors’ dollar and risk budgets to help them achieve their meaningful goals in the presence of uncertain market conditions

Meeting this challenge involves an efficient use by institutional or individual asset owners (and/or by investment managers acting on their behalf) of the three known forms of risk management within a comprehensive disciplined investment framework:

• Diversification, which is used to construct well-rewarded risky performance-seeking portfolios, that is portfolios that enjoy an efficient harvesting of risk premia across and within asset classes;

• Hedging, which is used to construct truly safe portfolios, that is portfolios allowing for an efficient matching of factor exposure on the asset and the liability sides;

• Insurance, which is used to dynamically allocate to the risky performance portfolio and the safe hedging portfolio as a function of changes in market conditions as well as distance with respect to investors’ goals.

 

 

Get prepared for new challenges in investment management at your own pace and obtain a certificate from a top business school recognised for the value of its finance programmes.

The Investment Solutions course is designed to be an introduction to the technical and conceptual challenges involved in the design of innovative forms of welfare-improving investment solutions, building upon the expertise developed within EDHEC-Risk Institute over the last 15 years. Emphasis will be made on real-world examples of application and on the development of problem solving skills using dedicated portfolio simulation/construction tools.

The following topics will be covered

Risk allocation and risk budgeting, Factor investing for multi-asset solutions, smart beta in equity and fixed-income, liability-driven investing, goal-based investing and goal-based reporting, improved forms of target-date funds and retirement solutions

WHO SHOULD ATTEND

The programme is intended for:
• Investment management professionals who advise on or participate in the design and implementation of asset allocation policies and portfolio models;
• Wealth managers who advise or manage portfolios on the behalf of individual asset owners
• Portfolio managers who develop and promote efficient building blocks and ALM solutions for institutional, private,
and mass-affluent investors;

 

EDUCATIONAL MATERIAL

 

1. To Explore: Videos from EDHEC-Risk Institute introducing the concepts
2. To Understand: An exclusive textbook from EDHEC-Risk Institute provides insight
3. To Validate: Periodic quizzes to ensure a grasp of the concepts
4. To Transform: Case studies during the live session

 

LEARNING OBJECTIVES

  •  Understanding the value of financial risk management in the investment management process
  •  Defining the three possible approaches to risk management: diversification, hedging and insurance
  •  Introducing liability-driven investing and goal-based investing
  •  Understanding the benefits of risk allocation, factor investing and smart betas
  •  Understanding improved forms of target-date funds and retirement solutions

 

 

CAPITALISE ON AN UNIQUE AND FLEXIBLE COURSE

The Investment Solutions course is designed to be an introduction to the technical and conceptual challenges involved in the design of innovative forms of welfare-improving investment solutions, building upon the expertise developed within EDHEC-Risk Institute over the last 15 years. Emphasis will be made on real-world examples of application and on the development of problem solving skills using dedicated portfolio simulation/construction tools.

Time commitment: 9 weeks / 3 flexible hours per week

Format: Self-paced with live faculty
At the end of the three modules, one entire day will be dedicated to case studies to engage in concepts and a variety of real-world case study applications with the guidance of the instructor. This on-site day will be held at the EDHECRisk Institute campus in London.

Faculty: Professor Lionel Martellini, Professor of Finance at EDHEC Business School and Director of EDHEC-Risk Institute, PhD Berkeley
A seasoned instructor who combines academic expertise and industry experience

Output: An EDHEC-Risk Institute Certification

 

SCHEDULE

  • Participants will get access to the e-learning material 3 months prior to the day at our London campus.
  • They will have 12 weeks to cover the course topics at their own pace, which will enable them to explore the concepts and tools through case studies during the on-site day in London.
  • A typical programme day lasts from 8:30am to 5:00pm. The two on-site class sessions in each half-day period are separated by 30-minute refreshment breaks. Lunch is included.

 

 

 

INTRODUCTION TO THE PROGRAM BY PROFESSOR MARTELLINI