This joint seminar with EDHEC−Risk Institute will address estimation issues and model shortcomings to optimize portfolio construction in a world that does not conform to the tenets of modern portfolio theory. It explores optimal risk budgeting techniques in the context of core–satellite investing and applies them to the design of long-only absolute return funds and new liability driven investment (LDI) solutions. It also looks at the potential of alternative classes and strategies as diversification and substitution vehicles and imparts research-based insights into Fundamental Indices®, optimal benchmarks, and efficient indices.

16−18 March 2010
London, United Kingdom
30 March−1 April 2010
New York, New York, USA
In partnership with EDHEC−Risk Institute

Presented in conjunction with EDHEC−Risk Institute, this intensive three-day seminar equips participants with practical tools to optimize the construction and risk management of multi-style, multi-class portfolios and to take full advantage of the benefits of alternative investments in asset management and asset/liability management contexts. It also provides attendees with an in-depth examination of volatility as an emerging alternative class with a review of green investing as an investment theme, and with a look at best-in-class techniques for extreme-risk management.

The Oxford International Investment Program builds expertise in the techniques used to identify, measure and manage the risks involved in international portfolio and direct international investment. The program will develop frameworks for making and implementing financial decisions in a global context. Participants gain a working familiarity with the mechanics of the most important transactions  undertaken by international investment managers and global corporations.

The seminar conveys a structured understanding of the international tax and estate planning issues affecting individuals and families today. Participants will explore international wealth planning opportunities and their pitfalls and will learn how to work more effectively with country-specific specialists. This program is presented in partnership with the Swiss Finance Institute.

Led by the University of Virginia’s McIntire School of Commerce, the program combines academic and practitioner input from experts in the field of leveraged and distressed credit markets. It provides participants with an intensive and detailed grounding in the workings of distressed corporate debt markets. Topics may include the syndicated bank loan market, including characteristics of bank debt, how loans are traded, and the rights of debt holders at various levels of capital structure priority; the financial restructuring process for credits in distress, including the role of loan investors, both within and outside of bankruptcy; and trading and investing leveraged credit in distressed debt markets. Interactive case studies are used to help participants fully understand and apply these concepts to their daily work.

The Global Investors Workshop brings together leading investment professionals to explore and discuss cutting-edge theories and strategies in asset valuation, portfolio management, and investment firm management. Specifically tailored for mid- and senior-level investment professionals, this weeklong workshop focuses on the critical and globally relevant issues faced by European-based investment management firms. Through a unique combination of case studies, study sessions, and lectures, top industry practitioners and INSEAD faculty will guide participants toward a deeper understanding of the key concepts in investment management.

Designed specifically for the experienced investment professional with a firm grounding in traditional portfolio management, this three-day program equips participants with the tools and techniques necessary to build a successful private wealth management practice. Led by Wharton faculty, participants will discuss and examine topical issues through interactive case studies, thoughtful discussions, and lectures.

The Oxford Private Equity Program offers an in-depth look at the changes brought about by the new financing and governance models used by private equity and provides a comprehensive framework for assessing the implications of these changes. The program combines the rigor of one of the world's most prestigious universities with insights from globally recognized practitioners and private equity advisers. Through a combination of case study analysis and insightful lecture, participants gain a thorough grounding in the skills necessary for successfully navigating the private equity environment.

Since its inception in the summer of 1968, this unique program has proven beneficial to more than 3,500 executives in the world’s top firms. This intensive weeklong workshop culminates in intellectually stimulating discussions and the strong bonds forged through studying and living together with a broad network of executives from around the globe. Each day, senior-level practitioners examine a wide range of topics — from sophisticated investment strategies and firm culture to market analysis and strategic decision making — that define the context and realities of the world in which they operate.

This program seeks to explain why hedge funds have been so attractive in recent years and to provide some insights into whether this performance is sustainable. Beginning with an overview of the hedge fund industry, key players, and recent developments, it reviews the various investment models, examines the changes brought on by synthetic hedge fund “clones,” and discusses equilibrium implications in terms of performance evaluation, incentive fee negotiation, and capital markets.

The New Frontiers in Portfolio Management program will acquaint participants with state-of-the-art techniques currently used in the products and analyses of the asset management industry. Topics covered will include modern trends of risk analysis (from mathematical modelization to behavioral issues), portfolio performance measurement, hedge funds, fixed-income securities, and other asset classes. The program is a mix of lectures, case studies, group assignments, and class discussions.