Asset Management

• Credit value: 15 credits at Level 7
• Convenor: David Schroeder
• Assessment: a two-hour examination (80%) and coursework (20%)

This module gives a thorough understanding of the foundations of modern asset management in both theory and practice.

In the short introduction, we discuss the meaning of asset management and review the basic concepts of portfolios optimisation. In the first part of the module, we turn to utility-based long-term (strategic) asset allocation strategies, including important extensions such as labour income and life-cycle investment strategies. In the second part of the module, we look at specific asset management concepts, including portfolio insurance, hedge funds, pension funds and private wealth management. In the last section, we look at the performance measurement of investment funds.

The module may also include a variety of guest lectures with distinguished speakers from the asset management industry.

Indicative module syllabus

• Portfolio optimisation
• Strategic asset allocation
• Hedge funds
• Performance measurement