The Hedge Fund Industry
2008
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March 10, 2008
November 17, 2008
$595 per person
1 Day
- 7 CPE Credit Hrs.
- 5.75 CSOP Credit Hrs.
- 0.7 CEU Units
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101 South Shore Road
Southhampton, Bermuda
Tel: 441-238-8000
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their website
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The Hedge Fund Industry 2008 Seminar
will give the attendee a solid, comprehensive understanding of the
latest trends and issues facing this fast growing segment of the
investment landscape. The marketplace for Hedge Funds has grown
tremendously over the past decade, causing a sustantial increase
in complexity for the people who invest in them and the firms who
provide services to them. This one-day session will help the attendee
gain a complete understanding of what a Hedge Fund is, how they
are structured and how they behave. Most important, attendees will
clearly see what critical services they can offer to add value for
their Hedge Fund clients in the current market environment.
The group will first focus on gaining a comprehensive
understanding of the various types of Hedge Funds bought and owned
by institutional investors and wealthy individuals today. There
will be discussion as to how the fund is formed, how they are marketed
and why investors invest in them. The session will also deal with
the various styles that funds adhere to and the regulatory and tax
implications they face. Every aspect of how the funds operate and
manage their portfolios will be covered in detail, and everyone
in attendance will leave with a complete understanding of the make-up
and operations of the industry.
Then the group discussion will move to some of
the new, exotic products being used by fund managers, like the latest
derivatives, structured products, complex fixed income instruments
and more. There will also be an in-depth analysis of current regulatory,
accounting and audit issues facing the hedge fund industry.
Finally, of interest to everyone, but particularly
accountants, auditors, administrators and regulators, the session
will look at the host of pricing and risk management issues that
are paramount in better understanding these complex clients. Coupled
with that conversation will be an examination some of the recent
hedge fund disasters for a better insight of what might have prevented
them.
The Hedge Fund Industry 2008 Seminar is ideal for
any individual who interacts with, or provides services to Hedge
Fund clients. The program will be beneficial to literally any level
of knowledge, although a basic understanding of the investment markets
is helpful.
The session will begin at 9:00 a.m. and continue
until 4:00 p.m. The tuition includes the one-day seminar, all program
materials, continental breakfast, full lunch and an afternoon snack.
- Why Hedge Funds?
- The Marketplace
- Over $1.4 Trillion Under Management
- The Hedge Fund Marketplace 2008
- Manager Compensation
- Management Fees
- Break Points
- High Water Marks
- Accounting & Audit Issues
- Interest Accruals
- Book Value Adjustments
- FAS 91, FAS 133 and FAS 157
- Pricing Issues
- Price Data Vendors (Bloomberg, Reuters and Others)
- Pricing Models
- Pricing Illiquid Securities
- Investment Performance Measurement
- Benchmarking
- Benchmark Analysis
- Custom Benchmarks
- Total Return
- Yield
- Standard Deviation
- Downside Deviation
- Value at Risk (VaR)
- Sharpe Ratio
- Sortino Ratio
- Minimum Acceptable Return (MAR)
- Risk Management
- Style Drift
- Excessive Leverage
- Investment Limits
- Volatility
- Embedded Optionality
- Duration and Convexity
- Company Default
- Sector Concentration
- Liquidity Constraints
- OTC Counterparty Risk
- Political Risks
- Non-normal Distribution of Returns
- Execution Costs
- Examining the Disasters
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