概要

This is Module 1 of the Henley Executive Hedge Fund Program (HEHFP) which consists of 17 Modules. This first module of the program provides an overview of the Hedge Fund industry that cover the history of hedge funds, common hedge fund strategies with current and future state of the hedge fund industry.

Each module of the program includes five parts: Pre-reading, eCourse (together with the Presentation slides), Quiz and Post-reading materials that aims to help learners to have a full understanding of the topic.

This module is a 3-hour (approx. study time) course and is eligible for 1.5 SFC CPT/PWMA OPT hours.

Check out the other modules in the Program: 

• Module 2: Structuring & Setup
• Module 3: Capital Raising & Investor Relations
• Module 4: Portfolio Management
• Module 5: Portfolio Risk Management
• Module 6: Markets and Trading
• Module 7: Prime Brokerage Services
• Module 8: Business Management & Fund Administration
• Module 9: Operations and Technology
• Module 10: Operational Risk Management & Operational Due Diligence
• Module 11: Legal
• Module 12: Ethics (2023)
• Module 13: Compliance
• Module 14: Fund Governance
• Module 15: Tax, Audit & Accounting
• Module 16: Human Resources
• Module 17: Pitchbook Formation

宗旨

By the end of this module, you will be able to:
- Describe the history and development of hedge funds
- Explain and distinguish common hedge fund strategies
- List the key industry trends affecting hedge funds

內容

Part 1 - Pre-reading materials
(i) Hedge Funds: Past, Present and Future by Rene M. Stulz (Journal of Economic Perspectives)
(ii) An Introduction to Hedge Funds by the Man Group

Part 2 - Presentation Slides of the eCourse

Part 3 - Overview of Hedge Funds Industry eCourse*
(i) Introduction
(ii) Section 1: The History of Hedge Funds
(iii) Section 2: Common Hedge Fund Strategies
(iv) Section 3: Current & Future State of the Hedge Fund Industry
(v) Section 4: 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) The Machines Are Eating Wall Street - Nathan Vardi (Forbes Magazine)
(ii) Hedge Funds increase co-investment - Jack Inglis, CEO AIMA (Hedge Week)
(iii) Hedge funds begin to relent on fee pressures from investors - Joe Parsons (Global Custodian Magazine)
(iv) Quants: the Rocket Scientists of Wall Street (Investopedia)

* mandatory parts to complete

對象

(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