Hedge Funds Masters Program
Learning Path | 4 Course Series

The hedge fund sector has experienced significant growth over the past ten years and shows strong potential for continued expansion. However, many professionals remain unaware of how hedge funds actually operate. This self-paced program, delivered through interactive video sessions, provides a detailed overview of the dynamic hedge fund market, helping participants gain a comprehensive understanding of the hedge fund industry.

The course is divided into structured modules, enabling learners to explore the following areas:

The course introduces the concept of hedge funds, covering their definition, history, key features, organizational structure, fee models, regulatory landscape, current industry trends, top hedge funds, and differences between hedge funds and mutual funds.

Participants will learn about the most widely used hedge fund trading strategies. Each strategy is explained with live case studies and practical examples, highlighting their advantages, disadvantages, and the best scenarios for their application. Covered strategies include Leverage Strategy, Long Only, Short Only, Equity Long-Short, Market Neutral, Short Bias, Long Bias, and Variable Bias.

The course provides an in-depth understanding of hedge fund performance analysis. Tutorials include live case studies to illustrate concepts such as high-water mark calculation, traditional performance metrics, CAPM, Sharpe ratio, Sortino ratio, Treynor ratio, information ratio, benchmark analysis, quartile charts, Calmar ratio, time-series analysis, and modern techniques for evaluating hedge fund performance.

Learners will explore accounting and taxation concepts relevant to hedge funds. This includes fund structures, carried interest, Bermuda and offshore funds, master-feeder structures, US reporting requirements, accounting entries for hedge funds, and NAV calculations with practical examples.

The program covers risk management in hedge funds, guiding participants through risk exposure, standard deviation, Value at Risk (VaR), downside capture, drawdowns, stress testing, sensitivity analysis, risk management software, and concludes with a case study to reinforce practical learning.

Participants will also study case studies of hedge fund successes and failures, gaining insights into the reasons behind failures and strategies to avoid them. Case studies include Bridgewater, Tiger Management, Amaranth Advisors, LTCM, and Soros Management.

• Basic understanding of finance concepts.
• Familiarity with fundamental investment and market principles is recommended.
• Comfortable using computers and accessing online learning platforms.
• Willingness to engage with case studies and practical examples for better understanding.

• Equity research analysts, bankers, risk managers, and credit analysts are seeking insights into hedge fund strategies.
• Professionals and finance enthusiasts looking to gain a clear understanding of the hedge fund industry and its core approaches.