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Updated in [October 18th, 2023]

What does this course tell? (Please note that the following overview content is from the original platform) This is an MBA Level course on Hedge Fund Fundamentals. We will begin by examining how Corporate Finance inspired Hedge Fund Strategies. We will examine Capital Budgeting and Capital Structure decisions. We will examine Stock and Bond Pricing as well as Economic Breakeven. We will begin our Analysis of Hedge Funds by examining the Origins of Hedge Funds. We will examine how Financial Regulation starting with the Securities Act of 1933 shaped Hedge Funds. We will also examine the 40 Acts and Dodd-Frank. Hedge Funds were brought under regulatory purview following the Financial Crisis of 2007-2009. We will examine the adoption of Form PF in the United States and EU AIFMD in Europe. We will examine the growth of Hedge funds from its origins in the 1920s to the current time.Once we have examined the Fundamentals of Hedge Funds, we will shift our focus to how hedge funds operate. We will examine the roles of the major Service Providers such as Prime Brokers, Custodians and Administrators. We will examine the process of Net Asset Value (NAV) calculation.Following our Discussion of Service Providers, we will analyze hedge fund strategies. We will examine the three major Groups of Strategies which are Relative Value, Event Driven and Opportunistic. We will examine common trading strategies and map historical returns of those strategies.We will examine historical returns for the US,EU and other jurisdictions. We will examine historical returns from four sources: Credit Suisse, HFR, BarclayHedge and Edhec-Risk. We will discuss why certain strategies have not been able to generate stellar returns.Finally, we will examine some of the major Hedge Fund Failures. We will examine the big four failures i.e. Long Term Capital Management, Amaranth Advisors, SAC Capital and Bernard Madoff Investment Securities.This is a 14+ hours course with numerous downloadable resources. Each Lecture Video is accompanied by a Lecture Plan. The Lecture Plan is a Word Document listing 10-15 bullet points for each Lecture. I recommend viewing the Lecture Plan before watching the Videos. Scroll down and watch the Preview Lectures on Course Materials, Life Cycle of Companies and Origins of Hedge Funds. I will see you in the Course! We considered the value of this course from many aspects, and finally summarized it for you from two aspects: skills and knowledge, and the people who benefit from it: (Please note that our content is optimized through artificial intelligence tools and carefully reviewed by our editorial staff.) What skills and knowledge will you acquire during this course? During this course, the learner will acquire the following skills and knowledge: 1. Understanding of how corporate finance inspired hedge fund strategies. 2. Knowledge of capital budgeting and capital structure decisions. 3. Understanding of stock and bond pricing and economic breakeven. 4. Knowledge of the origins of hedge funds and how financial regulation has shaped them. 5. Understanding of the Securities Act of 1933, the 40 Acts, and Dodd-Frank. 6. Knowledge of the regulatory changes following the financial crisis of 2007-2009, including the adoption of Form PF in the United States and EU AIFMD in Europe. 7. Understanding of the growth of hedge funds from the 1920s to the present. 8. Knowledge of the roles of major service providers in hedge fund operations, such as prime brokers, custodians, and administrators. 9. Understanding of the process of net asset value (NAV) calculation. 10. Knowledge of the three major groups of hedge fund strategies: relative value, event-driven, and opportunistic. 11. Understanding of common trading strategies and historical returns of those strategies. 12. Knowledge of historical returns for hedge funds in the US, EU, and other jurisdictions from sources such as Credit Suisse, HFR, BarclayHedge, and Edhec-Risk. 13. Understanding of why certain strategies have not been able to generate stellar returns. 14. Knowledge of major hedge fund failures, including Long Term Capital Management, Amaranth Advisors, SAC Capital, and Bernard Madoff Investment Securities. This course is a 14+ hour course with downloadable resources. Each lecture video is accompanied by a lecture plan, which is a Word document listing 10-15 bullet points for each lecture. It is recommended to view the lecture plan before watching the videos. Who will benefit from this course? This course on Hedge Fund Fundamentals will benefit individuals who are interested in or working in the field of finance, particularly those involved in hedge funds or considering a career in hedge fund management. It is also relevant for MBA students or professionals seeking to enhance their knowledge and understanding of hedge funds. Specific professions that may benefit from this course include: 1. Hedge Fund Managers: This course provides a comprehensive understanding of hedge fund strategies, including relative value, event-driven, and opportunistic strategies. It also covers the roles of major service providers and the process of net asset value calculation, which are crucial for hedge fund managers. 2. Financial Analysts: The course delves into corporate finance concepts such as capital budgeting, capital structure decisions, stock and bond pricing, and economic breakeven. This knowledge is valuable for financial analysts who need to evaluate investment opportunities and assess the financial health of companies. 3. Investment Bankers: Understanding hedge fund strategies and their historical returns can be beneficial for investment bankers involved in structuring and advising on hedge fund transactions. Additionally, knowledge of hedge fund failures can provide insights into risk management and due diligence processes. 4. Compliance Officers: The course covers the regulatory landscape of hedge funds, including the Securities Act of 1933, the 40 Acts, Dodd-Frank, and the adoption of Form PF and EU AIFMD. Compliance officers can gain a deeper understanding of the regulatory requirements and frameworks applicable to hedge funds. 5. MBA Students: This course is specifically designed at an MBA level, making it suitable for students pursuing an MBA degree with a focus on finance or investment management. It provides a comprehensive overview of hedge fund fundamentals, which can be valuable for their academic and professional development. Overall, anyone interested in gaining a thorough understanding of hedge funds, their strategies, historical performance, and regulatory environment will benefit from this course.

Course Syllabus

Introduction

From Corporate Finance to Hedge Funds

Hedge Fund Fundamentals

Operating Hedge Funds

Hedge Fund Strategies

Major Hedge Fund Failures