Alternative Investment

HEHFP Module 8: Business Management & Fund Administration

Overview

This is Module 8 of the Henley Executive Hedge Fund Program (HEHFP). This module looks at the internal operations of a fund. It focuses on managing a hedge fund business, including key concepts of budgeting and cash flow, internal functional roles, fiduciary responsibilities of the fund manager, and the relationship with the fund administrator. It also explains what it means to cut the NAV of a fund.

This module is a 3.5-hour (approx. study time) course and is eligible for 2 SFC CPT/PWMA OPT hours.

Check out the other modules in the Program:

Objective

By the end of this module, you will be able to:
- Describe how to manage a hedge fund business
- Explain key concepts of budgeting and cash flow
- Tell the role of responsibilities of a fund manager
- Describe the relationship between the fund manager and the fund administrator

Content

Part 1 - Pre-reading materials
(i) Gimlet Media - "Start Up"
(ii) Launching a Hedge Fund: Lessons Learned by the COO of a Start-up Fund
(iii) The Business of Running a Hedge Fund, from Wells Fargo Securities
(iv) Albourne Village Daily Emails
(v) Budget Sheet

Part 2 - Presentation Slides of the eCourse

Part 3 - Business Management and Fund Administration eCourse*
(i) Section 1:  Introduction to Managing the Business
(ii) Section 2:  Running the Investment Management Company
(iii) Section 3:  Running the Fund
(iv) Section 4: Cutting the NAV
(v) Section 5: Concluding Remarks

Part 4 - Quiz*
The quiz consists of 15 questions where learners have 3 attempts to achieve at least 80% with correct answers as a pass.

Part 5 - Post-reading materials
(i) Equalisation is it worth the heartache?
(ii) AIMA's Guide to Sound Practices for Hedge Fund Administrators
(iii) Valuation of Insurance-Linked Funds
(iv) Hedge fund operating expenses
(v) Standardised Total Expense Ratio ("STER")

* mandatory parts to complete

Who should attend

(1) Hedge Fund professionals seeking to enhance their knowledge
(2) Individuals looking to start a Hedge Fund
(3) Service providers e.g., Banking, Risk, Compliance and IT professionals, Lawyers, Fund Administrators

Details

Code
TEPAI22002601
Venue
ePlatform
Relevant Subject
Type 9 - Asset management
Tags
New
Language
English
Level
Introductory
Hours
SFC:2.00, PWMA:2.00
Fees
All Member: HK$775
Staff of Corporate Member: HK$775
Non-Member: HK$1550