Performance Measurement & Attribution

Start Date: 03/11/2016

Duration: 2 Days

Location: Ibec, 84-86 Lower Baggot St, Dublin 2

Full Fee: €1,185

Network Members Fee: €950

Programme overview

This interactive Performance Measurement & Attribution one day programme is designed to offer an insight into the decision making processes undertaken daily by today’s Asset Managers. Theory will be at a minimum; the emphasis will be on the practical. It will incorporate an overview of the traditional and Alternative Investable Asset Classes, how to combine them into an appropriate Portfolio & also how to measure its Performance & inherent Risk.

Learning Objectives

  • Understand the objectives and constraints of individual investors and how they influence the Investment Policy Statement, investment decisions, security selection and portfolio construction
  • How derivatives can be used for hedging
  • Understand the factors affecting equity and bond pricing
  • Understand key measures of portfolio Beta, CAPM, Treynor measure, the Sharpe measure, and Jensen’s alpha
  • Understand how and why to rebalancing portfolios
  • Prerequisite Knowledge or Courses
  • The programme assumes knowledge of cash market products such as equities, bonds and money markets.

Who Should Attend

  • Regulators with responsibility for Asset Managers
  • Junior Fund Managers/new joiners
  • Asset Management Back and Middle office professionals (Compliance, Legal, Marketing)
  • Wealth Managers and Private Bankers
  • Independent Financial Advisors

Course Content

  • Online Pre-work
    • Portfolio Theory – Single and Multi-Index Models
    • Portfolio Theory- CAPM
    • Portfolio Management – Passive & Active Strategies
  • Classroom
    • The objectives and constraints of individual investors
    • The Investment Policy Statement, investment decisions, security selection and portfolio construction
    • Passive and active portfolio management
    • Equity and stock index options in portfolio management
    • Concepts and techniques of portfolio insurance
    • Calculation and interpretation of several measures of portfolio performance
    • Managing risk and return using options in equity portfolios, including strategies for income generation, put-call parity, and delta hedging
    • Using futures for hedging
    • Using swaps in equity portfolio management
    • Tax considerations of options and futures
    • Factors affecting bond yields
    • Duration and convexity, and managing fixed-income portfolios
    • Using interest rate futures in bond portfolio management
    • Investment Timing
    • Beta, security market line, the capital asset pricing model
    • Treynor measure, the Sharpe measure, and Jensen’s alpha
    • Arbitrage and empirical multifactor models
    • Returns-based style analysis models and portfolio-based style analysis
    • Portfolio monitoring, rebalancing, and Realignment
    • Rebalancing portfolios & Tracking error
    • Factors which cause portfolios to require rebalancing
    • The process of rebalancing portfolios
    • Circumstances which signal the need to rebalance

Trainer Profile

Paul Evans – Senior Instructor

Paul has 18 years of experience in the financial training area, having personally taught 67,000 people in 22 countries. He has served in internal training and training management roles with HSBC, and BPP Financial, working with senior line managers and executives to develop and enhance their financial awareness.

Specialist training areas are investment management, private banking, commodities, structured products, private banking, hedge funds, interest rate risk management and foreign exchange risk management. While with HSBC for 3 years, he developed training programs and materials, delivered training programs, and introduced a global suite of training programmes for Private Bankers. At BPP (the UK’s largest quoted training company), Paul established the group’s financial services exam training division, where he was later appointed Managing Director.

Before commencing his teaching career, Paul worked at PWC and Touche Ross as a chartered accountant and an accounting trainer in London.

Optional Pre Course elearning

There is optional elearning available. The module will cover the following topics;

  • Asset Management – An Introduction
  • Asset Allocation – An Introduction
  • Portfolio Management – Passive & Active Strategies

For more information and the cost of these modules, please email louise.ryan@ibec.ie