Please note! Course description is confirmed for two academic years (1.8.2018-31.7.2020), which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

By the end of the course, the student understands the risk and return characteristics of alternative investments such as private equity, and hedge funds. They also understand the potential benefits and costs when alternative investments are added to standard stock/bond portfolio. Student are able compute and interpret the standard private equity fund and hedge fund performance/risk measures, and utilize measures when they perform the quantitative due diligence process.

Credits: 6

Schedule: 19.01.2021 - 25.02.2021

Teacher in charge (valid 01.08.2020-31.07.2022): Juha Joenväärä

Teacher in charge (applies in this implementation):

Contact information for the course (applies in this implementation):

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • Valid 01.08.2020-31.07.2022:

    The course gives an overview of different type alternative investments with focus on private equity and hedge fund investments. The course will critically evaluate the potential diversification benefits that alternative investment may provide for investors. For private equity and hedge fund investments, the risk and performance are assessed using state-of-art metrics. The course gives an overview of quantita-tive due diligence process. The course focuses on broader questions how alternative investments can be used in the context of portfolio management, and does not cover valuations of individual private equity companies or detailed information on each hedge fund investment strategy.

Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    Cases (60%)
    Exam (40%)

Workload
  • Valid 01.08.2020-31.07.2022:

    Contact teaching (specified in course syllabus)
    Independent study (specified in course syllabus)
    Exam, 3 h

DETAILS

Study Material
  • Valid 01.08.2020-31.07.2022:

    e.g. Material provided by the lecturer 

     

Prerequisites
  • Valid 01.08.2020-31.07.2022:

    Rahoituksen perusteet or Principles of Corporate Financial Management,
    Corporate Finance,
    Investment Management (or comparable courses), 
    Econometrics.

SDG: Sustainable Development Goals

    1 No Poverty

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Description

Registration and further information