28E35700 - Alternative Investments, Lecture, 11.1.2022-25.2.2022

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Please note! Course description is confirmed for two academic years, 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: 11.01.2022 - 25.02.2022

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Juha Joenväärä

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

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    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 for whole curriculum period:

    Cases (60%)
    Exam (40%)

Workload

  • valid for whole curriculum period:

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

DETAILS

Study Material

  • valid for whole curriculum period:

    e.g. Material provided by the lecturer 

     

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    1 No Poverty

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Period:

    2020-2021 Spring III

    2021-2022 Spring III


    Course Homepage: https://mycourses.aalto.fi/course/search.php?search=28E35700


    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.


    The course is offered to BIZ students only.A maximum of 80 students can be accepted to the course.

    - Students at Aalto Finance M.Sc. programme (i.e. who have graduated as B.Sc.) will be guaranteed a seat on Finance M.Sc. courses. Finance M.Sc. students re-taking the course (grade already registered) will not be prioritized and can participate only if there are places remaining.
    - CEMS students are similarly guaranteed a seat for Finance M.Sc. courses, which have been designated as CEMS courses.


    Remaining seats are prioritized as follows, in the order of registration in WebOodi within one category:
    1. Finance M.Sc. exchange students from other universities
    2. Aalto Finance B.Sc. students with a finished B.Sc. thesis (registered in transcript of records)
    3. All other M.Sc. students at the School of Business


    Please follow carefully the registration deadlines of the courses and exams! Missing registration deadline automatically foregoes a guaranteed seat for Finance M.Sc. courses and puts prospective student at the bottom of the prioritization list.

    Students may be required to confirm their registration by signing the participation list circulated during the first lecture.

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof