EDHEC Alumni Advanced Learning Programme

Welcome to EDHEC-Risk Institute
Advanced Learning Programme for EDHEC Alumni

Thoughts on the Future of the Investment Management Industry: From Investment Products to Investment Solutions

As part of their efforts to reach out to the EDHEC community, EDHEC-Risk Institute and EDHEC Alumni are proud to provide EDHEC Alumni members with a free flexible blended learning programme and give them access to the latest academic breakthrough and industry practices. The programme is directed by Lionel Martellini, professor of Finance at EDHEC Business School, and director of EDHEC-Risk Institute.

This page will host 6 digital courses on Investment Management and downloadable learning material. Please share your views on the courses and tell us where you'd like to meet EDHEC-Risk faculty during the onsite meetings in summer 2018, by posting a comment at the bottom of this page, or by sending an email to [email protected] .

Introduction Webinar

"Thoughts on the Future of the Investment Management Industry: From Investment Products to Investment Solutions" 14/11/17

Investment management is justified as an industry only to the extent that it can demonstrate a capacity to add value through the design of dedicated meaningful investor-centric investment solutions, as opposed to one-size-fits-all manager-centric investment products. After several decades of relative inertia, the much needed move towards investment solutions has been greatly facilitated by a true industrial revolution triggered by profound paradigm changes in terms of mass production, mass customization and mass distribution.

In this live webinar, Lionel gave an introduction to the programme and answered Alumni live questions. Click here to download the powerpoint presentation.

Mass-Production in Investment Management

“The Passive versus Active Debate” 15/12/17

This first digital course is an analysis of today’s money management industry, and gives you hints on where asset managers should aim.

Few active managers actually beat the market.
Outperformance does not seem to persist.
Underperformance can be severe.
Are passive funds the right and best approach?

Watch the first digital course and click here to download the Active vs Passive Debate powerpoint presentation.

For further reading and to prepare next course, please have a look at the following two papers:

Harvesting Risk Premia Without Taking Unrewarded Risks, JPM 2014
Reconciling Innovations in Equity Portfolio Construction, ERI 2014

“From Lazy Beta to Smart Beta” 15/01/18

The second course, From lazy beta to smart beta, focuses on how to best harvest risk premia, and on smart factor indices. The powerpoint presentation is available here for download.

In this live webinar, Lionel gave an introduction to the programme and answered Alumni live questions. Click here to download the powerpoint presentation.

Mass-Customization in Investment Management

“Liability-Driven Investing & Goal-Based Investing” 15/02/18

Providing investment solutions, and not only investment products, requires to have a focus on investors’ problems. Each investors have specific needs and specific constraints.

Similarities can be found in the following investments practices, described in this third course:

Liability-Driven Investing for institutional investors, and
Goal-Based Investing for individual investors.

Watch the third digital course and click here to download Liability-Driven Investing & Goal-Based Investing powerpoint presentation. Please feel free to ask question in the dedicated section below.

“From Investment Products to Investment Solutions” 15/03/18

For further reading, please have a look at the following paper and articles:

The fourth course gives an insight application of Goal-Based Investing to a major goal for individual investors, namely retirement. Click here to download the slides.

Mass-Distribution in Investment Management

“Digital Disruption in Investment Management” 15/04/18

The rise of robo-advisors can be regarded both as a threat and an opportunity for existing players in the wealth management space. What are they? Are they going to take over the investment world? Click here to download the slides of the presentation.

For further reading on the ongoing digital disruption in investment management, have a look at the following document: The Rise of Robo-Advisors

“From Robo-Advice to Artificial Intelligence” 15/05/18

The video discusses the relationship between robo-advice and artificial intelligence and its impact in investment management. 1) Are robo-advisors useful? 2) Robo-advisors and the industrial revolution 3) Robots: how meaninful are they? 4) Robo-Advisors and artificial intelligence 5) Is the glass empty or half full? Click here to download the slides of the presentation.

Onsite presentation: Industrial Revolution in Investment Management

Lionel Martellini, Director of EDHEC-Risk Institute, will come and meet EDHEC Alumni during dedicated onsite meetings, held in major financial centers and/or cities (Paris, London, New York, Geneva, Singapore, Mumbaï : places to be confirmed). He will answer Alumni questions about the programme and about EDHEC-Risk Institute activities.

EDHEC-Risk Institute and EDHEC Alumni are pleased to welcome you and up to 2 guests to their exclusive onsite meeting in Paris "Industrial Revolution in Investment Management" on Thursday, June 28th 2018.

Professor Lionel Martellini will share his thoughts on the future of the investment management industry, and also discuss EDHEC thought leaderships efforts in the domain. The presentation and Q&A sessions will cover the following themes:

Mass‐production of smart factor indices as attractive alternatives to active managers for efficient risk premia harvesting
Mass-customization of goal‐based investing solutions as attractive alternatives to existing retirement products for efficient life‐cycle investment decisions
Mass distribution with digital wealth management systems as attractive alternatives to traditional wealth management platforms
Professor Martellini will also outline the outstanding challenges that remain associated with these recent trends, and discuss how risk management is expected to play a central role in what should be regarded as nothing short of an industrial revolution that is about to impact asset and wealth management.

A drinks reception will follow the presentation at 8:30pm.

About EDHEC

Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.

About EDHEC-Risk Climate Impact Institute

Marking the priority assigned by the School to sustainability issues and building on its research programmes exploring the relationships between climate change and finance, EDHEC-Risk Institute became EDHEC-Risk Climate Impact Institute in October 2022. The Institute's mission is to help private and public decision-makers manage climate-related financial risks and make the best use of the financial tools available to transition to low-emission and climate-resilient economies. The Institute’s research programmes explore the relationships between climate change and finance and our key ambition is to become a leading academic reference point for long-term investors, helping them to manage the asset-pricing implications of climate change as well as mitigation and adaptation efforts.