Allgemeine Informationen

Der Kurs International Asset Management wird im FSS 2022 in leicht veränderter Form angeboten. Die Daten, Zeiten und Raumbelegungen können im Portal² nachgelesen werden. Bitte treten Sie unbedingt auch der dazugehörigen ILIAS Gruppe des aktuellen Semesters bei, da sämtliche Kurs­unterlagen ausschließlich auf ILIAS verfügbar sind und wichtige Ankündigungen über diese Gruppe erfolgen. Weitere Informationen finden Sie in diesem Dokument (Stand FSS 2022) sowie im entsprechenden Modulkatalog Ihres Studien­gangs. Bitte beachten Sie: die Informationen sind vorläufig, bitte überprüfen Sie deshalb regelmäßig ob es Neuerungen gibt.

Struktur des Kurses (auf Englisch)

Chapter 1

Introduction

In the preliminary chapter, the logistics of the course will be announced. Slides will soon be posted above. In the introduction we will then discuss the setup and historical development of the asset management industry in important markets, as well as the products available. 

Chapter 2

Setting up a Fund

In this chapter, we will look at the definition of delegated asset management and the most important products like mutual funds, and hedge funds. Relevant regulatory rules, fund characteristics, and the pricing, distribution and sales process will be covered as well. We will also go through some recent real cases.

Chapter 3

Investment Process

In this chapter, we will look at the different forms of market efficiency. Based on this, we will  cover the Active versus Passive Debate and the resulting implications for the investment process. We will discuss different tactical asset allocation & security selection strategies as well as topics relating to strategic asset allocation. The chapter will also provide insights that relate to risk management as a key component of successful asset management.

Chapter 4

Performance: Measurement, Determinants & Prediction

The fourth chapter covers external and internal performance evaluation, performance attribution, determinants of performance, performance persistence as well as rankings and ratings. Moreover, the chapter will also provide some insights in the implications of different kinds of performance measurement in reality.

Chapter 5

Investor Behavior & Managerial Incentive

This chapter covers topics related to the behavior and incentives of investors and asset managers using recent findings in academia and real world cases.

Chapter 6

Responsible Investing

While everyone seems to talk about ESG, responsible investing etc., few people are actually familiar with the latest insights on this topic in academic research and with the many challenges an asset manager faces who wants to implement a rigorous, objective and fact driven framework. This part of the lecture should help to shed more light on all of these topics and related issues.

Chapter 7

Crypto Currencies & DeFi

In this chapter we cover a few basics on crypto currencies and learn about what DeFi in general can potentially be useful for and where we should be mindful of certain risks.

Chapter 8

Outlook

In our last session, we will discuss recent trends in asset management. Finally, we talk about the job market prospects before summarizing the course.

Bitte beachten Sie: Aufgrund der Beiträge verschiedener Gastsprecher kann sich der Inhalt einiger Kapitel leicht verändern.