- This course examines the portfolio management process. Appropriate asset allocation including diversification in the context of risk vs. return is discussed. Also covered are capital market theory, various types of risk and performance measurement.
- Portfolio management process
- Asset allocation
- Diversification
- Risk vs. return
- Expected return and standard deviation
- Variance, covariance and correlation
- Capital market theory
- Capital market line
- Systematic vs. unsystematic risk
- Security market line and CAPM
- Beta
- Performance measurement
- Regression analysis
- This course examines prime brokerage services as well as repurchase agreements.
- Overview of prime brokerage
- Prime brokerage services
- Repurchase agreements
- Repo Overview
- General vs. Special Collateral
- Repos vs. Securities Lending
- Why Use Repos?
- Repo Trading Strategies
- Repo Users
- Portfolio Margin
- Synthetic Financing
- This course starts with an overview of capital markets and key capital market participants and proceeds to tackle fixed income topics such as interest rates, treasury securities, bond fundamentals and financial math. More advanced concept such as bond pricing, holding period yield, duration and convexity are also covered.
- Capital markets overview
- Primary vs. secondary markets
- Capital markets participants
- Nominal vs. real interest rates
- US Treasury securities (bills, notes, bonds)
- Structure of fixed income securities
- Bond fundamentals
- Key terminology
- Bond prices vs. yields
- Coupon rate vs. current yield vs. yield-to-maturity
- Financial math
- Zero-coupon bonds
- Annuities
- Coupon bonds
- Price-yield relationship
- Bond pricing
- Modified IRR
- Holding period yield
- All-in-cost vs. yield-to-maturity
- Price value of basis point and yield value of 32nd
- Duration
- Convexity
- This course discusses the various forms of equity capital and the options available to public and private companies. Also covered are syndicate structure, gross spread, details of the IPO process and follow-on offerings.
- What is equity capital
- Types of equity and liquidity preference
- Relative cost of equity vs. other financing alternatives
- Equity options available to public and private companies
- Syndicate structure
- Gross spread (management fee, underwriting fee, selling concession)
- Overallotment option (“greenshoe”)
- Equity capital markets overview
- Origination vs. syndicate
- Private placements overview
- PIPE overview
- IPO considerations, process and modeling
- Why pursue an IPO vs. sale
- Overview of IPO process from pitch to closing including junior banker responsibilities
- IPO modeling, valuation and discounts
- Follow-on execution methodologies
- This course tackles macroeconomic concepts such as economic cycles, money supply, monetary vs. fiscal policy and interest rates. Key economic indicators such as GDP, unemployment and inflation are also examined.
- Introduction to economics
- Micro vs. macroeconomics
- Growth and GDP
- Economic cycles
- Unemployment
- Inflation
- Money supply and financial system
- Monetary policy
- Fiscal policy
- US government budget
- Automatic vs. discretionary stabilizers
- Interest rates and yield curve
- Exchange rates and purchasing power parity
- Key economic indicators
- This course examines the fundamentals of statistics. Concepts such as range, frequency, standard deviation and z-score are covered.
- Range
- Frequency
- Histogram
- Mean, median, mode
- Standard deviation
- Normal distribution
- Z-score
- This course starts with an overview of capital markets and key capital market participants and proceeds to tackle fixed income topics such as interest rates, treasury securities, bond fundamentals and financial math. More advanced concept such as bond pricing, holding period yield, duration and convexity are also covered.
- Capital markets overview
- Primary vs. secondary markets
- Capital markets participants
- Nominal vs. real interest rates
- US Treasury securities (bills, notes, bonds)
- Structure of fixed income securities
- Bond fundamentals
- Key terminology
- Bond prices vs. yields
- Coupon rate vs. current yield vs. yield-to-maturity
- Financial math
- Zero-coupon bonds
- Annuities
- Coupon bonds
- Price-yield relationship
- Bond pricing
- Modified IRR
- Holding period yield
- All-in-cost vs. yield-to-maturity
- Price value of basis point and yield value of 32nd
- Duration
- Convexity
- This course discusses the various forms of equity capital and the options available to public and private companies. Also covered are syndicate structure, gross spread, details of the IPO process and follow-on offerings.
- What is equity capital
- Types of equity and liquidity preference
- Relative cost of equity vs. other financing alternatives
- Equity options available to public and private companies
- Syndicate structure
- Gross spread (management fee, underwriting fee, selling concession)
- Overallotment option (“greenshoe”)
- Equity capital markets overview
- Origination vs. syndicate
- Private placements overview
- PIPE overview
- IPO considerations, process and modeling
- Why pursue an IPO vs. sale
- Overview of IPO process from pitch to closing including junior banker responsibilities
- IPO modeling, valuation and discounts
- Follow-on execution methodologies