The Hedge Fund Industry 2008

BERMUDA
March 10, 2008
GRAND CAYMAN
November 17, 2008
$595 per person
1 Day

  • 7 CPE Credit Hrs.
  • 5.75 CSOP Credit Hrs.
  • 0.7 CEU Units
Choose your session:

#of attendees

 

Hyatt Regency
Seven Mile Beach
Grand Cayman
West Indies
Tel: 345-949-1234
Visit their website

 

Fairmont Southhampton
101 South Shore Road
Southhampton, Bermuda
Tel: 441-238-8000
Visit their website

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
Choose your session:

#of attendees

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