Certificate In Portfolio Management And Asset Allocation

Certificate In Portfolio Management And Asset Allocation 9 – 12 March 2014 • Radisson Royal Hotel, Dubai, UAE

6 Key Business Benefits 1. Provide you with an in-depth knowledge of the wide range of fund management and investment styles 2. Learn the different guidelines for selecting appropriate asset classes and the latest techniques of asset allocation 3. Comprehend the risks and rewards of a wide range of core investment products including money market products, bonds, and fixed income securities, foreign exchange products, equity investments and commodities 4. Understand the full scope of alternative investments, including private equity, Leveraged Buyouts (LBOs), mezzanine finance, hedge funds, derivatives and structured products 5. Explain the various investment services offered to high-net-worth clients, including performance evaluation, risk management and wealth management services on trusts and tax planning 6. Clarify the significance of some special wealth management products; i.e. wrap accounts and master trusts

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Meet Your Expert Course Leader Nabil Zaki has been in the investment and banking industry for more than 30 years. During that period, he assumed senior positions in both corporate finance and treasury with major Wall Street firms and international financial institutions in New York, Canada and the Middle East.

The George Washington University School of Business, IIR Middle East’s Academic Partner, is dedicated to excellence: in its teaching and research about management, in the public and private sectors, within the United States and internationally.

He has held high profile management positions with Chase Manhattan Bank, Merrill Lynch, Prudential Securities and Tradition. Currently, Nabil is an adjunct Professor of Corporate Finance and Derivatives at New York University. He taught at New York Institute

The school has a 75 year history of preparing men and women for leadership in both the public and private sectors. Known internationally for its dedication to academic excellence, the school draws students from all parts of the United States and around the world.

of Finance (currently known as FT Knowledge) from 1995 until 2004.

He lectures extensively on portfolio management, risk management, derivatives, and international capital markets for major Wall Street firms and financial institutions. Also, Nabil is consulting a number of banks and financial institutions in the U.S.A, Asia, and Japan in the areas of asset/

Beyond first class teaching and scholarship, the school’s faculty offers practical experience in the issues and challenges confronting business and government. Its research centres link faculty and students with US and international business and government organisations. Recent distance learning initiatives have expanded the school’s global reach.

liability management, credit derivatives and restructuring as well as risk management.

Currently, he is the Group Adviser for the Board of Directors of a major Asian bank; EON Bank and an Independent Board Professional Director at the Board of Directors of Signature Asset Management Company Limited - a Cayman Island incorporated company. Nabil

Course Requirements And Certificates

taught previously at the American University in Cairo, George Brown College, and University of Toronto. He is a regular commentator on

Delegates must meet two criteria to be eligible for an IIRME/GW Certificate of Completion for a course: 1. Satisfactory attendance – delegates must attend all sessions of the course. Delegates who miss more than 2 hours of the course sessions will not be eligible to sit the course exam

CNN, CNBC and Al-Jazeera. He holds a Masters degree in Economics and Finance from Syracuse University, New York (1981).

Who Should Attend?

2. Successful completion of the course assessment Delegates who do not meet these criteria will receive an IIRME Certificate of Attendance. If delegates have not attended all sessions, the Certificate will clearly state the number of hours attended.

• Bond Portfolio Managers • Equity Portfolio Managers • Treasurers • Assistant Treasurers • Traders • Financial Engineers

Course Assessment

• Commercial and Investment Bankers

Knowledge confirmation and personal assesment to include: • Group discussions • Quiz • Final exam through a multiple choice paper

Would you like to run this course in-house?

The in-house training division of IIR Middle East Tel: +971 4 407 2624 • Email: CTS@iirme.com www.iirme.com/cts

+971 4 335 2437

+971 4 335 2438

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Certificate In Portfolio Management And Asset Allocation

9 – 12 March 2014 Radisson Royal Hotel, Dubai, UAE

Course Timings Registration will be at 07:30 on Day One. The course will commence at 08:00 every day and finish at 14:30. There will be breaks for refreshments at approximately 10:30 and 12:30 and lunch will be served at the end of each day’s session

Course Outline

• Sensitivity analysis • Concepts of duration/convexity defined • Importance of sensitivity analysis

Day One The Investment Environment • Ongoing trends • Market structure and macroeconomic analysis • Deregulation, globalisation and changing needs • Credit enhancement and financial engineering • Risk variables of investments • Anatomy of risk • Importance of risk management in portfolio management and investments

Case Study Use of horizon analysis in bond portfolio management Asset And Style Allocation Methodologies • Efficient capital markets • Markowitz portfolio theory • Return and standard deviation of a portfolio • Asset allocation theory • Importance of benchmarking • Benchmark timing • Growth/value • Tactical asset allocation • Growth/value barbell portfolios • Use of derivatives in asset allocation

Core Investments • Overview of the money market instruments • Money market instruments; treasury bills, CDs, BAs, repos, CPs • Overview of the equity markets • Common stocks vs. preferred stocks • Quotations of equity securities • Characteristics of stock trading • Equity-linked securities - Equity index securities - LYONS (Liquid Yield Option Notes) - Treasury Inflation Protected Securities (TIPS) • IPO market • Market placement – 144A market • Types of bonds • Mortgage-backed securities • Bond prices and yields • Bond yields: yield to maturity/yield to call • Zero-coupon bonds • Junk bonds • Default risk and determinants of bond safety • Sensitivity of bonds: How important these sensitivity figures to investors?

Case Study Delegates will be required to compute the return and standard deviation for a portfolio and compute the parameters for a wellstructured and diversified portfolio

Day Four Equity And Financial Analysis • Uses and abuses of EBITDA • Assessment of earnings power • Growth drivers • Valuation models • Dividend discount model Alternative Investments • Private equity - Venture capital - Leveraged Buyouts (LBOs) - Mezzanine financing - Distressed-debt investments

Day Two Equity Portfolio Management • Optimal risky portfolios • Managing client portfolios • Capital allocation models • Asset mix models • Stock selection methods • Capital asset pricing model in equity portfolio management • Use of Monte Carlo simulation in asset allocation • Arbitrage Pricing Theory (APT) • Market efficiency

• Hedge funds - Concept and market developments - Hedge fund strategies: Macro, arbitrage, event-driven, long/short, and market neutral - Selection process

Case Study Delegates will be required to develop and implement methodologies for picking-up stocks and bonds.

Capital Asset Pricing Model (CAPM): Pros And Cons • Applying the principles of CAPM • Beta analysis • Beta mathematics • Defining alpha • Alpha analysis and alpha sources • Search of alpha

Case Study Delegates will be required to implement the concepts of alpha and beta in structuring an equity portfolio.

Day Three Passive Bond Portfolio Management • Bond-index funds • Immunisation • Cash flow matching and dedication Active Bond Portfolio Management • Horizon analysis • Bond swapping • How to structure a laddered portfolio?

• Importance of benchmark

+971 4 335 2437

+971 4 335 2438

Hedge Fund Styles And Strategies • Directional hedge fund strategies: - Long/short equities - Global macro - Managed futures - Emerging markets • Relative value strategies - Market neutral - Conventional bond arbitrage - Fixed income arbitrage • Event-driven strategies - Risk arbitrage - Distressed securities - Momentum investment strategy - Merger arbitrage

Case Study Uses and applications of different hedge fund strategies Uses Of Derivatives In Portfolio Management • Risk management applications in portfolio management • Hedging applications • Equity hedging via stock index futures • Hedging math • Value at Risk (VaR) concept • Credit portfolio management

Case Studies • On the computation and application of VaR in equity and bond portfolio management • On the uses of sensitivity measures in bond portfolio management

register@iirme.com

www.iirme.com/assetallocation

Certificate In Portfolio Management And Asset Allocation

9 – 12 March 2014 Radisson Royal Hotel, Dubai, UAE

FIVE WAYS TO REGISTER IIR Holdings Ltd. P.O Box 9428 Dubai, UAE

+971 4 335 2437 +971 4 335 2438 register@iirme.com

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DISCOUNTS AVAILABLE FOR 2 OR MORE PEOPLE CALL – +971 4 335 2483 E-MAIL – a.watts@iirme.com Event

WEB BC4793

Course Fee Before 22 December 2013

Course Fee Before 12 January 2014

Final Fee

US$ 3,995

US$ 4,395

US$ 4,695

Certificate In Portfolio Management And Asset Allocation

9 – 12 March 2014*

WOULD YOU LIKE TO RUN THIS COURSE INͳHOUSE?

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions and successfully complete the course assessment will receive an IIRME/GW Certificate of Completion. *Book and pay NOW and bring your colleague for FREE on this course.

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A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Only those delegates whose fees have been paid in full will be admitted to the event. You can pay by company cheques or bankers draft in Dirhams or US$. Please note that all US$ cheques and drafts should be drawn on a New York bank and an extra amount of US$ 6 per payment should be added to cover bank clearing charges. In any event payment must be received not later than 48 hours before the Event. Entry to the Event may be refused if payment in full is not received.

Credit card payment If you would like to pay by credit card, please tick here and a member of our team will contact you to take the details

Cancellation If you are unable to attend, a substitute delegate will be welcome in your place. Registrations cancelled more than 7 days before the Event are subject to a $200 administration charge.

Registration fees for registrations cancelled 7 days or less before the Event must be paid in full. Substitutions are welcome at any time.

Avoid Visa Delays - Book Now Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible.

Visas for non-GCC nationals may take several weeks to process.

All registrations are subject to acceptance by IIR which will be confirmed to you in writing.

Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

Event Venue: Radisson Royal Hotel, Dubai, UAE Tel: +971 4 308 0000 Accommodation Details We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971 4 407 2693 Fax: +971 4 4072517 Email: hospitality@iirme.com © Copyright I.I.R. HOLDINGS B.V.

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