We have developed a very sophisticated asset allocation simulation which, when incorporated with our tailored courses, can provide a unique insight into the life of a fund, or investment manager, responsible for the selection management and hedging of a complex portfolio.
A course designed around Portfolio Optimiser would place participants in the role of the fund manager whereby they would construct their "optimal" portfolio within the constraints based upon a prescribed economic scenario and Horizon Period and be judged upon their performance in relation to a 'benchmark' portfolio.
The programme would incorporate the following:
Overview of the Investment Management Process
- Setting Investment Objectives
- Establishing Investment Policy
- Selecting the Portfolio Strategy
- Selecting the Assets
- Measuring Performance
- Active v Passive Management
- Cashflow Immunisation and Matching
Asset Allocation Models
Active Management Strategies
Immunization, Cashflow Matching and Combination Strategies
Portfolio Construction using Portfolio Optimiser
- The Fund objectives and management strategy are explained
- The Investment Benchmark
- Outline of eligible securities
Limits on:
- Long / Short mix
- Gearing
- Portfolio Duration
- Credit Risk
- Curve Pivot Risk
- Derivatives
- Real v Nominal product mix
Final Assessment
At the end of the Horizon Period, participants analyse their performance against the Benchmark and articulate the reasoning behind their specific asset selection, portfolio construction and interim rebalancing