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Many of the non-trading professionals who work in operations, technology, accounting, investor services, and marketing discover that they are not given much formal training in financial instruments, trading strategies, risk management, and hedging. We know because we've been there are individuals in this industry. Luckily, we were fortunate to work at many of the leading firms on the street, during a time when they invested a lot of time and money to train their employees.

We have mapped out a knowledge base, specifically for hedge fund professionals, that represents the essential content that we have found to be valuable in our professional careers. Mind you, to study Finance, Statistics, Quantitative Analysis, Accounting, etc., in an in-depth manner, you should consider going to graduate school. Until then, we hope to share the benefit of our knowledge and experience to help you in your career.

We note that hedge funds who invest in their employees earn great benefits, tangible and otherwise.

We are very excited to be able to offer the following course content, with on-site classroom instruction, customized to suit your firm’s needs. Our course materials include slides, quizzes, links to useful resources, and lots of sample spreadsheets. Over the years, we have offered this content to a leading fund administrator and to several hedge funds.

Hedge Funds
  • History
  • Comparison to mutual funds
  • Legal structure
  • Compensation
Hedge Fund Operations
  • Overview of business functions
  • Trade settlement
  • Trade allocations
  • Reconciliation
  • Trade life cycle events
  • Swap life cycle events
  • Margin and collateral
Portfolio Accounting Concepts
  • Identifying securities
  • Components of P&L
  • Pricing policies
  • Managing positions by type, strategy
  • NAV production
Partnership Accounting
  • Share classes
  • Allocation of incentive fees
  • Tax lots
  • Fund structures
Financial Markets Overview
  • Market participants
  • Types of financial instruments
  • Types of transactions (spot, forward)
  • Exchange-traded products vs. OTC contracts
  • Life cycle of a trade
  • Components of return
Advanced Bloomberg™ Concepts
  • Security types and data
  • Market data and news
  • Analytical models (YA, OV, OVME, CDSW)
  • API fundamentals
  • Sample spreadsheet solutions
Technology
  • Advanced Excel for Wall Street Professionals
  • Introduction to Relational Data Modeling
  • Introduction to Excel/VBA Programming
Core Concepts in Finance
  • Time value of money
  • Measures of return
  • Types and measures of risk
  • Hedging risks
  • Arbitrage pricing
  • Models for valuing securities
  • Mechanics of short selling
  • Leverage
  • Credit spreads
  • Option-adjusted spreads
  • Currency
  • Portfolio P&L (realized, unrealized, MTM)
  • Gentle introduction to calculus and statistics
  • Key accounting concepts
Trading Strategies
  • Relative value
  • Arbitrage
  • Leverage
  • Using options and other derivatives
  • Hedging strategies
  • FX hedging techniques
  • Short selling
  • Carry trades, financing, and leverage
Options and Derivatives
  • Spot vs. forward transactions
  • Evolution of futures markets
  • Option characteristics
  • Option payoff diagrams
  • Option sensitivities (delta, gamma, vega, theta, rho)
  • Binomial pricing model
  • Black-Scholes model (assumptions, limitations)
  • Delta hedging
  • Interest rate derivatives (FRA, financial futures, swaps)
Swaps
  • Overview
  • Description of cash flows
  • Interest rate swaps
  • Total return swaps (CFD, NDF, equity swaps)
  • Credit default swaps
  • Variance swaps
  • Valuation
  • As hedging tools
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