FIN 453 – Alternative Investments from an Institutional Investor’s Perspective


The first lecture of the course will take place on Tuesday, February 15, 2022, from 17.15 to 18.45. Due to the current Coronavirus situation, the lecture will take place via Zoom until further notice. You can find the Zoom link for the lecture on Portal2.

General Information

This course will be offered by Otto Hörner (Director and Head of Group Asset Management, BASF SE), in cooperation with the Chair of International Finance, in the spring semester (FSS) 2020 for the first time. It will be part of the Electives A courses (Wahlpflichtbereich A) of the Bachelor's Program in Business Administration. Organizational information can be found on Portal2.


Course Description

Institutional investors like pension funds, insurance companies, or sovereign wealth funds administrate sizeable asset portfolios and invest in a broad scope of asset classes. This course will focus on so called alternative asset classes like private equity, private debt, investments in infrastructure projects, hedge funds strategies and real estate investments. These asset classes become more and more important for investors in the context of a low interest environment. The role of these asset classes in an institutional portfolio and the challenges of investing will be explained. The organizational set-up and other structural requirements of institutional investors will also be discussed.

Persons in Charge

Otto Hörner

Otto Hörner

Director, Head of Group Asset Management, BASF SE

Kai Mäckle, M.Sc.

Kai Mäckle, M.Sc.

Doctoral Student
University of Mannheim
Business School
L 9, 1–2
68161 Mannheim
Consultation hour(s):
on appointment

Additional Information

  • Logistics & Important Dates

    This course will be offered in the spring semester (FSS) 2022 as part of the Electives A courses (Wahlpflichtbereich A) of the Bachelor's Program in Business Administration. It will be organized in weekly lectures with integrated exercise classes.

  • Language

    The lectures, exercise classes and final exam will all be in English.

  • Assessment

    To receive a grade for the course students have to pass the final written exam (60 minutes, 100% of the final grade). Time and date of the exam will be anounced during the semester by the Office for Student Affairs (Studienbüro).

  • Requirements for the Course

    You must have passed the FIN 301 and FIN 401 modules to be eligible for this course.

  • Registration

    Students who would like to participate in the course must register via portal2.