Hedge Funds
Code
2226
Academic unit
null
Department
null
Credits
3,5
Teacher in charge
Pedro Ouro Lameira
Teaching language
English
Objectives
This course is an in‐depht study of the theory and practice of Hedge Funds, with particular emphasis on understanding their most common investment strategies. The course has a practical focus with lots of applied work using historic and real time data. Students will be given exposure to industry practice studying real life funds and real life investment strategies, reading industry notes and research papers.
Prerequisites
Subject matter
Bibliography
RECOMMENDED BOOKS:
-Expected Returns: An Investor´s Guide to Harvesting Market Rewards", Antti Ilmanen
-Beyond the Random Walk , Vijay Singal
-Alchemy of Finance , George Soros
-High‐Frequency Trading , Irene Aldrid
OTHER SUPPORTING MATERIAL:
-Macroeconomic Reports from brokers and investment banks
-Academic papers on investment strategies
Teaching method
There are two classes per week. Each class is of 1h20m. The classes consist of discussions about hedge funds and their most common investment strategies. After a brief presentation of each investment strategy, real life examples will be discussed in detail. Classroom participation is expected and required. Students are expected to conduct their own research on existing hedge funds (Bloomberg and Internet) and on investment/trading strategies (look for academic papers on libraries or internet databases).
Evaluation method
-3 Assignments (individual): 30%
-Final Project (in group): 30%
-Exam (individual, mandatory): 40%
Adjustments of 2 points in the final grade (in either direction) can eventually be made, based on other information available such as participation in class and contribution to the coursework. The general rules of the University apply in case of academic dishonesty and in any situation not foreseen in the above.