University Lecturing Services
“The greatest obstacle to knowledge is not ignorance - it is the illusion of knowledge" (Daniel Boorstin)
Private equity continues to leave an indelible mark with the financial services sector. Spectacular growth over the past several decades has seen private equity and venture capital in both developed markets and emerging economies expand dramatically. Deal making remains elusive as competition for quality investments remains high, while economic weakness and volatility is challenging the investment universe.
This course is designed to provide students with a toolkit for thinking through investment decisions in the private equity arena and an understanding of the challenges facing the industry.
The ability to make investment decisions requires comprehensive analysis that goes beyond the numbers reported on financial statements. The course aims to offer students who wish to follow a career in investments, as either a fund manager or a research analyst, the soft and hard skills necessary to compete in a very competitive space. Investment Analytics also offers students that are both finance and non-finance professionals the ability to create their own investment philosophy which will guide them in making their own personal investment choices.
At the end of this course students will be able to:
Understand global investment markets and financial market instruments.
Critically analyse and interpret financial statements.
Evaluate capital availability and sources
Evaluate the effectiveness of a company’s strategy from an investors position.
Understand how to Forecast future performance.
Create their own investment philosophy
Mergers and Acquisitions
The course provides the knowledge and tools necessary to help investors, managers, financial managers, investment analysts, deal-makers and staff integrate strategic analysis with financial analysis within the context of M&A. This will be achieved by leveraging in-depth knowledge about a company sourced from its financial statements, business model, performance indicators, and sources of capital in an attempt to shed light on why 70% of M&A transactions fail. At the end of this course students will be able to:
Distinguish and delineate how and why a merger decision should be made.
Critically assess a potential merger through a fundamental strategic and financial analysis exercise, while remaining aware of the idiosyncrasies that each potential merger contains.
Utilise mergers and acquisitions as tools to accelerate strategic shifts, not as answers on their own.
Define alternatives for companies as well as identify issues relating to post M&A activity.
Explore the regulatory requirements for deals to take place.
Portfolio Management & Asset Allocation
The course is designed to examine both the theoretical basis and practical approach to the development and management of investment portfolios. The course aims to provide delegates with the quantitative and qualitative skills needed in the portfolio formation and asset allocation process
The course objectives are to introduce delegates to the theoretical foundation of modern portfolio theory, the important types of investments, the different types of investors and the diversity of investment objectives. The theoretical foundation will be understood through an introduction to the mathematics of portfolio construction and diversification which will guide the participants understanding of equity portfolio management strategies and portfolio performance evaluation.
This course will provide delegates with the knowledge, techniques and tools needed to enable them to:
• Comprehend the importance of economic, business and market cycles in the asset allocation and portfolio management process in the short and long term.
• Explain the relationship of inflation to the business cycle and the implications of inflation for cash, bonds, equity, and real estate returns
• Differentiate between required return and desired return and explain the impact these have on the individual investor's investment policy
• Choose a strategic asset allocation that is most appropriate for an individual investor's specific investment objectives and constraints
• Explain the rationales and primary concerns of value investors and growth investors and discuss the key risks of each investment style
• Compare, contrast and contruct long-short versus long-only investment strategies, including their risks and potential alphas, and defend why greater pricing inefficiency may exist on the short side of the market
• Manage and control the correlation and volatility of multi-asset class portfolios in order to achieve the required rates of return within specific risk parameters
• Construct an efficient investment strategy to conduct profitable investment in frontier and emerging markets, controlling investment risk and avoiding market collapses
• Decide which investment management style, strategy, and vehicles will be more efficient in achieving the required returns within the risk tolerance parameters, when managing multi-asset class portfolios
• Examine behavioural finance concepts to better understand and manage client’s expectations, believes, and anomalies, in order to present efficient investment solutions