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Hedge Funds: Strategies and Investment Perspectives


INTRODUCTION

To enhance the understanding of hedge fund as an alternative asset class; its myriad strategies and the risk/return characteristics of investing in it.

This e-training programme comprises 8 modules and 2 assessments. Answer all quiz questions at the end of each tutorial in order to complete the training.

COURSE DURATION

2.5 hours

COURSE OBJECTIVES

  • Understand the various strategies that the hedge fund industry employs
  • Understanding the risk/return characteristics of the various hedge fund strategies
  • Analysing and evaluating the opportunities and pitfalls of investing in hedge funds in the context of a well-diversified portfolio

COURSE OUTLINE

Module 1: Hedge Funds Classifications

  • Directional strategies
  • Relative value strategies
  • Event-driven strategies

Module 2: Directional Strategies

  • Global macro
  • Managed futures
  • Equity long/short
  • Dedicated shorts

Module 3: Relative Value Hedge Funds

  • Convertible arbitrage
  • Fixed-income arbitrage
  • Equity market neutral
  • Volatility arbitrage

Module 4: Event-Driven Strategies

  • Merger arbitrage
  • Distressed securities

Module 5: Multi-Strategy vs. Funds-of-Hedge Funds

  • Multi-strategy managers
  • Funds-of-hedge funds

Assessment #1

Module 6: Performance of Various Hedge Funds Strategies

  • Statistical moments
  • Performance of Directional Strategies
  • Performance of Relative Value Strategies
  • Performance of Event-Driven Strategies
  • Performance of Fund-of-Hedge-Funds

Module 7: Why Invest in Hedge Funds?

  • Rationale for Including Hedge Funds in a Diversified Portfolio

Module 8: Let’s Examine the Claims!

  • Alpha vs. Beta
  • Alpha and Liquidity Risk Premium
  • Fat Tails
  • Asymmetric Returns
  • Sharpe Ratio
  • Hedge Fund Diversification is Not a Free Lunch!

Assessment #2


IBF-FTS Funding

The Financial Training Scheme (“FTS”) provides funding for financial sector-specific training programmes which are recognized under FTS. This scheme is only eligible for company-sponsored participants who are Singapore Citizens or Singapore Permanent Residents, physically based in Singapore, and who have successfully completed a FTS programme. Financial Institutions (MAS licensed or exempt entities), involved in or supporting financial sector activities, are eligible to submit claims for company-sponsored participants.

For all FTS programmes commencing on or after 8 April 2020 to 31 December 2021, MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90% co-funding of direct training costs, subject to existing grant caps of S$2,000 per programme..

IBF will provide an additional 5% in support in the form of IBF Credit, bringing the course fee subsidy up to 95% of course fees subsidies until 30 June 2021. This existing scheme will also be expanded to include workers in eligible FinTech firms.

For more information, please refer to IBF website.


Terms and Conditions

1) This e-training programme takes approximately 2.5 hours to complete.

2) In order to qualify for Continuing Education credits from SGX, please complete all quiz questions found at the end of each tutorial (a 70% pass rate is required) by 31 December 2021.

3) Access to the e-training materials is valid to the end of the calendar year.

4) Upon successful registration, an online course access email will be sent to you within 2 working days. If you are new to Salmon Thrust online learning system, you will receive an additional invitation email to create your online account.

5) If participants wish to make any changes to their application or request for a refund, written notice should be given within 10 business days of receiving the access ID and password to the online programme and provided the access has not been utilised. There will be an administrative fee of 20% of the fees paid. There will be no changes or refund if notice is given thereafter or if the access has been utilised.

6) It is recommended to login the web browser via a personal computer.

7) For assistance please contact e-training@sgxacademy.com or call 6670-6808.
(Operating Hours: 9.00am to 5.00pm)


This course is recommended for Trading Representatives and Professionals who need to meet their Continuing Education Credit.

SGX reserves the right to make changes to information regarding the programme if warranted by circumstances beyond its control.


Disclaimer:

By completing this registration form and providing your personal data, you agree and authorise Singapore Exchange Limited and its affiliates (collectively, “SGX”) to provide your personal data to Salmon Thrust Pte Ltd for the purposes of conducting and managing this e-course. In addition, by registering for and participating in the e-course, you acknowledge and agree to the following terms: You acknowledge and agree that this e-course is offered by Salmon Thrust Pte Ltd and conducted on a website/platform that is not owned, controlled and/or operated by SGX. SGX shall not be responsible for the consequences of your accessing such website/platform and/or the content at website/platform. SGX makes no guarantee, representation or warranty as to, and shall have no liability for, any content of such website/platform. Such website/platform linked to the SGX website does not constitute (a) an endorsement, authorisation, verification or representation that we are affiliated with the operators or owners of such website/platform; or (b) an endorsement, authorisation, verification, or representation of or as to the contents of website/platform. You agree that your access to and/or use of such website/platform is entirely at your own risk and subject to the terms and conditions of access and/or use contained therein (including Salmon Thrust Pte Ltd’s privacy and data processing policies and practices). SGX shall not be responsible or liable for any loss, damages and/or costs arising from or in connection with your registration and/or participation in the e-course and/or your access to such website/platform. The General Terms of Use of the SGX website shall apply and be incorporated herein.

 

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