Ifbl Alfi Hedge Funds 2015 0
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8/20/2019 Ifbl Alfi Hedge Funds 2015 0 http://slidepdf.com/reader/full/ifbl-alfi-hedge-funds-2015-0 1/4 ALFI / IFBL Training in Hedge Funds Fundamentals, Accounting & Custody Unique training opportunities in Hedge Funds from the IFBL and ALFI! These training modules, taught in English language are unique in Luxembourg and are the fruit of a close partnership between the IFBL the Association of the Luxembourg Fund Industry, AL FI and some of the industry’s most knowledgeable experts. In this series. the “M1 Hedge Funds” module provides a fundamental theoretical basis and common language for understanding hedge funds. Two sister M2 modules for both hedge funds and funds of hedge funds then go beyond this to provide an applied understanding of operational specifics, accounting and essential IFRS aspects. These courses can be complemented through other modules from the rich IFBL / ALFI investment fund training offer such as “Understanding AIFMD”, M1 UCIs Key Insights into IFRS, other modules selected from the full investment fund offer at the IFBL and those that explain in more detail the underlying financial instruments. … Targeting those who are directly involved in the day to day work • Hedge fund service providers • Fund accountants and back office agents • Operations & client service staff and managers • Hedge fund custody professionals • Other fund industry professionals (e.g. in management companies) interested in gaining a deeper knowledge in the specifics of hedge funds, accounting and custody. With some excellent participant feedback: “The trainer was wonderful and kept the audience interaction during the full course” “Excellent course, very interesting, informative and delivered clearly”. Good pace, practical approach. It was a pleasure to have been a part of the class”
Transcript of Ifbl Alfi Hedge Funds 2015 0
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ALFI / IFBL
Training in Hedge Funds
Fundamentals, Accounting & Custody
Unique training opportun ities in Hedge Funds f rom the IFBL and ALFI!
These training modules, taught in English language are unique in Luxembourg and are the fruit of a closepartnership between the IFBL the Association of the Luxembourg Fund Industry, ALFI and some of theindustry’s most knowledgeable experts.
In this series. the “M1 Hedge Funds” module provides a fundamental theoretical basis and commonlanguage for understanding hedge funds. Two sister M2 modules for both hedge funds and funds ofhedge funds then go beyond this to provide an applied understanding of operational specifics, accountingand essential IFRS aspects.
These courses can be complemented through other modules from the rich IFBL / ALFI investment fundtraining offer such as “Understanding AIFMD”, M1 UCIs Key Insights into IFRS, other modules selectedfrom the full investment fund offer at the IFBL and those that explain in more detail the underlyingfinancial instruments.
… Targeting those who are directly involved in the day to day work
• Hedge fund service providers
• Fund accountants and back office agents
• Operations & client service staff and managers
• Hedge fund custody professionals
• Other fund industry professionals (e.g. in management companies) interested in gaining a deeper
knowledge in the specifics of hedge funds, accounting and custody.
With some excellent participant feedback:
“The trainer was wonderful and kept the audience interaction during the full course”
“Excellent course, very interesting, informative and delivered clearly”.
Good pace, practical approach. It was a pleasure to have been a part of the class”
8/20/2019 Ifbl Alfi Hedge Funds 2015 0
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Partners
IFBL
With more than 10.000 registrations per year, the IFBL is one of the leading providers of vocationaltraining courses in Luxembourg. The Luxembourg Institute for Training in Banking (IFBL) was created in1991 as the training organ of the Luxembourg Bankers’ Association (ABBL, www.abbl.lu) and has the
distinctive mission to prepare, create, develop and promote any training means, programmes and actionsin the interest of the financial centre of Luxembourg. www.ifbl.lu
ALFI
The Association of the Luxembourg Fund Industry (ALFI) is a non profit making association that is therepresentative body of the Luxembourg investment fund community. Created in 1988, ALFI is a memberof European Fund and Asset Management Association (EFAMA) and International Investment Fund Association (IIFA) has as its mission to “lead industry efforts to make Luxembourg the most attractiveinternational centre for investment funds”. ALFI has as its objective to help its members capitalise onindustry trends, shape regulation, encourage professionalism, integrity and quality and to promote theLuxembourg investment fund industry.
Trainers
A team of expert trainers in the field of hedge funds are responsible for the delivery of the materialcovered by these modules. Trainers for all modules have been proposed by ALFI to teach on behalf ofIFBL. The trainers have been selected on the basis of their recognized expertise and strong practicalindustry experience considered essential in order to facilitate interactive responses within the sessions.
M1 Hedge Funds Fundamentals of Hedge Funds (8 hrs)
Definitions and basic concepts
• History and definitions : origin, concept, structure & legal framework
• An asset class in its own right
• Impact of hedge funds on the financial markets
• Advantages and disadvantages
Main hedge fund strategies
• Convertible arbitrage, merger arbitrage, event driven, distressed securities, equity marketneutral, equity long short, fixed-income arbitrage, global macro, managed futures
Risk and performance measures for hedge funds
Basic concepts: risk, return, volatility and Net Asset Value
Risk: 5 technical risk ratios and their shortcomings
Value at risk
Benchmarking hedge funds
Case studies
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M2 Hedge Funds Accounting and Custody Understanding Accounting and Custody of
Hedge Funds (12 hrs)
This M2 module provides an applied perspective and understanding of the following topics:
Investor i ssues
• Side pockets
•
Gates• Performance fee equalisation
Trade processing
• Prime brokers
• Financing & leveraging
• Collateral
Valuation & account ing
Valuation of ins truments
Key regulatory issues
• IFRS (relevant essentials only)
• Alternative UCITS
M2 Funds of Hedge Funds Accounting and Custody Understanding Accounting and
Custody of Funds of Hedge Funds (8 hrs)
This M2 module provides an applied perspective and understanding of the following topics:
Investor issues
• Side pockets
• Gates
• Performance fee equalisation
Trade processing
• Target Fund TA (Account opening; reconciliations)
• Custody & Settlement
• Equalisation factors of target funds
Valuation & account ing
• Equalisation factors of target funds
• NAV estimates
• Fair valuation
Key regulatory issues
• IFRS (relevant essentials only)
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Practical Information
A registration form can be found on our website under “Outils/Telechargement”
Completed forms should be returned to the IFBL either via fax (00352 465019) or by scan to our emailaddress:
Dates and prices
M1 Hedge Funds27.04.201512.10.2015
8 hours €195
M2Hedge Funds Accounting &Custody
25 & 26.11.am 2015 12 hours €385
M2Funds of Hedge Funds Accounting& Custody
02.12.20158 hours
€255
(All prices +3% VAT)
Examinations
Examinations are available for all the modules above and which take place every Tuesday and every lastThursday of each month, except on school holiday weeks in Luxembourg. The cost of an examination is €40 for M1 modules and €45 for M2 modules.
Course schedules
For all courses: from 08.30 to 17.30
Training location
Centre de Formation IFBL/Chambre de Commerce,7, Rue Alcide de Gasperi, Luxembourg/Kirchberg
Enquiries
Should you have any further questions about these courses, the IFBL service team is available to you bytelephone 00352 465016-1 or via email: [email protected]
