Overview

This programme comprises of FOUR modules, is an advanced programme designed to equip financial practitioners the required knowledge and skills to join and develop their career in the Hedge Fund Management industry.

Upon successful completion of all FOUR modules, the participant will be awarded the Certificate of Completion of this programme.

Content

Module 1: Overview of the Hedge Fund Management Industry:
- Origin
- Definition
- Structure of Hedge Fund
- Hedge Fund and Counterparties
- Hedge Fund vs Mutual Fund
- Hedge Fund Market Trends

Modules 2-3: Hedge Fund Strategies:
- Convergence
- Securities Selection
- Divergence
- Emerging Strategies

Module 4: Hedge Fund Investing:
- Due Diligence (IDD and ODD)
- Risk Measures & Return Analysis
- Performance Benchmarks
- Qualitative Assessments
- Investor Profile/Characteristics
- Sourcing (Capital Introduction)
- Transparency (Investor Relations)
- The Pros and Cons

Final course work
15-minutes 5 slides presentation of an alpha strategy by each participant
A Certificate of Completion (80% participation of class plus final presentation) will be awarded

Who should attend

This programme is primarily targeted to financial practitioners with a minimum of 5 years relevant sell/buy-side experience who would like to gain a solid understanding of and/or planning to enter/further develop themselves in the hedge fund management industry.

Financial Incentive Scheme of the WAM Pilot Programme

This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/).

**Upon meeting the completion criteria (80% participation of class plus final presentation), non-member would be offered a 1 year Ordinary Membership.**