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Description
The objective of Hedge Fund Strategies (HFS) is to expose students to the world of hedge funds by focusing on some of the most commonly used strategies employed in the industry.
It lays the groundwork for the understanding of some strategies by going over the fundamentals of fixed income and options. The module covers different hedge fund strategies, like long/short equity, dedicated short bias, merger arbitrage, fixed income arbitrage, convertible arbitrage, and global macro by going over the specifics and drivers of each strategy, the underlying bet, and the historical performance of each strategy.
Beyond the lectures, the class is divided into teams that form individual funds. Funds are tasked with managing a portfolio of paper money in real time using some of the concepts developed in class.
Every class will include a discussion of market conditions as well as how funds are performing. This discussion mimics morning meetings at real hedge funds. In so doing, the module helps students replicate the decisions made by some hedge fund managers in real time, introducing the element of investment decisions in uncertainty to the module鈥檚 curriculum, and navigating risk, while enhancing students' financial fluency.
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 8th April 2024.
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