An exclusive training event with Paul Meadows, covering key topics in investment risk management and hedge funds.

Event Details

📅 Date: 25th March 2025
📍 Venue: The Eliott Hotel
⏰ Session 1: 9:00 AM - 1:00 PM | Session 2: 2:00 PM - 5:00 PM

Session 1: Investment Risk Measurement & Management

Observation number one: Not all Risk is bad. Too much risk aversion will likely result in missing out on upside opportunities. Risk management involves defining what level of risk is deemed acceptable & then striving to target those appropriate levels. However, Risk cannot be managed easily unless it can be measured. There is no silver bullet out there for this task, but a range of tools to be employed where appropriate.

·        The first challenge – determining a Client’s tolerance to bear risk

·        Measuring Investable risk

·        Volatility – Statistical probability and the dispersion of returns

·        Do we live in a ‘Normal’ world?

·        Case Study – Volatility in practice across the Mutual Fund Universe

·        Fat Tails in Finance & Black Swans explained.

·        A look at Wall Street’s ‘Fear Gauge’ – The Vix Index

·        Portfolio Optimisation in Excel

·        A tool from the Sell Side of the Market – Value at Risk – will it work?

·        Tools from the Buy Side of the Market – Sharpe Ratios – Risk adjusted performance measurement

Session 2: An Introduction to Hedge Funds

The (relatively small) Hedge Fund community has the dubious honour of attracting disproportionately high levels of publicity in the Financial press.

This can partly be explained by an ongoing lack of understanding of what the Managers are actually doing on behalf of their investors. Some Managers use Derivatives, some do not; some use Leverage, others do not – all in pursuit of the same outcome: An Absolute Return in all Market environments.

·        Hedge Funds defined. Lock-ups, Gates, Hurdle Rates, Side Pockets, Domiciles

·        Performance Fees & High Water Marks

·        How large is the Hedge Fund Universe? The numbers in context

·        Trading Tactics - Leverage & Short Selling explained.

·        Understanding Gross Notional Exposure

·        External Relationships - Prime Brokerage, Custodians, Fund Administrators

·        Who exactly invests in Hedge Funds & why?

·        The non-correlated Asset Class, Survivorship Bias, Drawdown

·        What really puts off Investors?

·        Risk Management for Hedge Funds

·        Why do Hedge Funds fail? Do not forget Operational Risk

·        Tools for the Analysis of Financial Risk – From VaR to Stress Testing

Pricing

Full-day session (including coffee breaks & lunch):

• Members: £140 | Non-members: £190

Half-day session (morning or afternoon, including coffee break):

• Members: £80 | Non-members: £105

This is a fantastic opportunity for finance professionals and investors to deepen their understanding of risk management and hedge fund strategies.