The understanding and application of quantitative equity portfolio management (QEPM).
This course builds on seminal work in financial theory, like the CAPM and APT, and
includes discussion of the differences between QEPM and traditional qualitative analysis,
the relationship between QEPM and market efficiency, the use of futures and options to
create leveraged and market neutral portfolios, and the use of Bayesian methods to
handle non-quantitative data.
The course involves application of the concepts to real-world data.
The course is on modern market economies. Emphasizes the determination of
national income; fluctuations and growth; the monetary system;
the problems of inflation and unemployment; and international trade.
The course will cover the topic of hedge funds. The course will be a blend of
theoretical concepts and real-world applications. The course shall cover the legal and
business issues of hedge funds, along with the types of hedge fund strategies, the statistics
of hedge funds, the performance tracking of hedge funds, and other relevant news items.
The course examines the financing decisions of firms and explores
links between finance and business. Topics include corporate governance,
agency issues, net present value analysis, risk, cost of capital, dividend policy,
capital structure, market efficiency, takeovers, and mergers & acquisitions.
The course is on modern market economies. Emphasizes the determination of
national income; fluctuations and growth; the monetary system;
the problems of inflation and unemployment; and international trade.
The course is intended to expand knowledge of derivatives and
financial markets. In particular, students will learn in detail
the use and pricing of options, the use and pricing of futures,
and the use and pricing of forward contracts.
The course is intended to provide an understanding of
the investment process. Topics include a study of securities
markets and functions; securities legislation; sources of investment
information; evaluation of alternative investments; valuation of bonds and stocks;
risk-return analysis; and portfolio strategies.
The course is intended to provide an understanding of the quantitative investment process.
The course will be based in large part on a book entitled Quantitative Equity Portfolio Management.
An Active Approach to Portfolio Construction and Management. The course will focus on equities,
including an understanding of the fundamentals of stocks, building models of stock selection, understanding
efficient markets and its
limitations, understanding portfolio construction, understanding performance measurement, and optimization.
The course will build on equity portfolio management concepts that will aid students in the follow-up course,
Special Topics in Investments. The course shall also investigate portfolio management applications of derivatives with respect
to equity portfolios. The course will be a blend of theoretical concepts and real-world applications.
In order to make sense of the theoretical discussions, I shall attempt to distribute data to students via
Blackboard so that we may use laptops in class and at home to understand the concepts.
The course will cover the topic of hedge funds. The course will be a blend of theoretical
concepts and real-world applications. To enhance the value of the real-world applications, we
will have at least 2 lectures by guest speakers. The course shall cover the legal and business
issues of hedge funds, along with the types of hedge fund strategies, the statistics of hedge funds,
the performance tracking of hedge funds, and other relevant news items.
The course is intended to provide an understanding of
financial management in a global context. The course
is divided into three main sections. The first section
describes the international environment, including understanding
the importance of economics, exchange rates, and politics in
effecting global financial management. The second part of the
course involves understanding the tools available to conduct
financial management in a global context, including futures contracts,
options, and hedging techniques. The third part of the course involves
examining realistic situations that international firms face and how
they can manage these various risks given the tools and
knowledge of the international environment.
The course is intended to provide an understanding of the global financial environment.
To understand how financial systems function in various parts of the world, determinants of money flows
and trade flows between countries, how different financial systems effect the flow of money and trade
through the global system, how exchange rates and interest rates are determined, the roles of investment
banks, central banks, the World Bank and IMF, and the role of politics and economics. The course will
also study difficult questions, such as should a we have multiple currencies, is free-trade good for all,
should we export jobs, and is the World Bank and IMF useful?
