IDEAS
Next Available Course: 2010 (specific dates to be announced)
The Wharton School, University of Pennsylvania
Philadelphia, PA
Philadelphia, PA
Click here to download a brochure of the program
Program Overview:
In partnership with The Wharton School, University of Pennsylvania, IMCA is proud to present a specialized course of study in alternative investments. The course is aimed at helping participants develop a more in-depth understanding of this asset class which represents new opportunities to better diversify clients’ overall portfolios and reduce risk.
A two-month long pre-study program has been designed to provide qualitative and quantitative background tools necessary to understand the advanced strategies that will be presented throughout the on-site five-day course at The Wharton School. A final group case study provides the opportunity to translate the theory into practical tools that can be taken back and immediately incorporated within one’s own practice.
A two-month long pre-study program has been designed to provide qualitative and quantitative background tools necessary to understand the advanced strategies that will be presented throughout the on-site five-day course at The Wharton School. A final group case study provides the opportunity to translate the theory into practical tools that can be taken back and immediately incorporated within one’s own practice.
Program Objectives:
- Understand the risks and opportunities offered by private equity, hedge funds, real estate and other alternative investments
- Learn about the relative performance of popular trading strategies including long/short equity and pairs trading, fixed income arbitrage, convertible arbitrage, event driven (including merger arbitrage and distressed debt)
- Understand the value proposition of funds of funds and how to analyze their benefits
- Master current investment concepts such as “portable alpha” and 130/30 investments
- Engage in a live manager selection exercise
- Learn how to source alternative investments
- Identify the sources of value from alternatives
- Learn how to incorporate alternatives into investor portfolios including non-accredited/qualified investors
Program Topic Highlights:
Real Estate
- Analyze risk and return for equity real estate investment vehicles
- Understand the determinants of current real estate equity pricing
- Understand how real estate fits into a client portfolio
Private Equity
- Analyze the structure of private equity funds
- Understand how venture capital can enhance returns and diversify risk for a portfolio
- Look at current trends and future outlook of the sector
The Retailization of Alternatives
Hedge Funds
- Hedge Fund Strategies
- Pairs Trading; Event Driven Merger Arbitrage, Convertible Arbitrage, Fixed Income Arbitrage;
- Distressed Securities
- Funds of Funds
- Performance Analysis
- Manager Selection
- Portfolio Construction
- Hedge fund replication
- Today’s Regulatory Environment – Legal Structures and Compliance
Infrastructure Investing
- Definitions
- Strategies and sub-strategies
- Access
Prerequisites:
The Alternative Investments Certificate Program is open to CIMA® and CIMC® designees, CFP® certificants, and CFA® charter holders in good standing. Persons with similar backgrounds may wish to contact IMCA for more information on certificate qualifications.
Continuing Education:
This program is approved for 40 hours of IMCA CE credit including two ethics hours and 30 CFP continuing education credits.
The Alternative Investments Certificate Program is open to CIMA® and CIMC® designees, CFP® certificants, and CFA® charter holders in good standing. Persons with similar backgrounds may wish to contact IMCA for more information on certificate qualifications.
Continuing Education:
This program is approved for 40 hours of IMCA CE credit including two ethics hours and 30 CFP continuing education credits.
IMCA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org. The recommended CPE for the Alternative Investments Certificate Program is 30 credits. For more information on NASBA standards, click here.
Please note that this is a certificate program and successful completion does not result in a designation.
For more information about the IMCA Alternative Investments Program, please contact IMCA at 303.770.3377.
For more information about the IMCA Alternative Investments Program, please contact IMCA at 303.770.3377.
