COURSE INFO

PORTFOLIO
MANAGEMENT Visit www.nyif.com for more information.
PROFESSIONAL CERTIFICATE
(5 Days)

This Professional Certificate Prerequisite knowledge:

comprises the following NYIF courses:
• Fixed Income Portfolio Management (Day 1)
• Equity Portfolio Management (Day 2)
• Hedge Funds (Day 3)
• Portfolio Management: Theory and Practice
(Days 4 -5)
• Intermediate MS Excel skills
• Basic probability and statistics
• Familiarity with fixed income
instruments and concepts
• Familiarity with equity valuation concepts

DAY 1 MODULE 1: Review of Fixed Income Concepts
• Fixed income arithmetic
• Fixed income instruments
• Term structures of rates and yields
• How are bonds traded?
• Fixed income risk: Duration and Convexity
• Corporate bonds: Credit risk
MODULE 2: Passive Fixed Income Portfolio Management
• Fixed income indexes
• Index funds and replication techniques
• Tracking error minimization
• Cash flow matching
• Immunization techniques

MODULE 3: Active Fixed Income Portfolio Management

• Rate prediction strategies
• Yield curve strategies
• Interest rate scenario analysis
• Credit strategies
• Tactical allocation strategies
• Relative value strategies

MODULE 2: Equity Strategies: From Stock Picking to

DAY 2 MODULE 1: Review of Equity Valuation Techniques
Portfolio Management
• Importance and quality of earnings • Structuring an equity portfolio
• Present value models • Use of indexes
• Multiples based valuation • Translating information into investment ideas
• Asset-based valuation models • Hedging with options
• Industry and company analysis • Short selling
• Growth strategies
• Value strategies
• Blended strategies
MODULE 3: Modern Portfolio Theory
• Systematic vs. Unsystematic Risk
• Diversification
• Deriving beta

DAY 3 MODULE 1: Introduction to Hedge Funds MODULE 2: Hedge Fund Operations

• Traditional investments and alternative assets • Governing regulations
• Role of hedge funds in an investor’s portfolio • Legal structures
• History of the industry • Documentation
• Size and growth of the Industry • Outside service providers
• Prime brokerage
(continued)

Phone: 1 (347) 842-2501

160 Broadway Floor 15, New York, NY 10038 
DAY 3 MODULE 3: Hedge Fund Strategies MODULE 4: Issues for Hedge Fund Investors
(continued) • Market directional • Who can invest in hedge funds
• Corporate restructuring • Due diligence
• Convergence trading • Fees
• Opportunistic strategies • Portfolio monitoring
• Benchmarks and biases
• Leverage
• Risks for hedge funds
• Fund of funds
• Portfolio construction

DAY 4 MODULE 1: Measuring Risk and Return MODULE 2: Analyzing Portfolio Performance
• Return: Geometric and Arithmetic • Risk adjusted returns: Sharpe, Treynor, Jenson, Sortino,
• Holding Period, NAV Calmar, Information Ratio
• Risk: Standard Deviation; Semi-variance; Correlation; VaR • Behavioral and technical considerations
• Market price of risk: CAPM, APT
• Liquidity risk
• Credit risk

MODULE 3: The Investment Decision Making Process

• Balancing risk and reward
• Roles of financial advisors and portfolio managers
• Life cycle investing
• Principle risk and real returns
• Creating portfolios for institutions and individuals

DAY 5 MODULE 1: Fund Structures MODULE 2: Private Equity

• Fund Types, ETF/Index, SMAs, Synthetic Funds • Venture capital
• Marketing strategies • Buyout
• Fees, liquidity, regulations • Special situations
• Industry trends • Transparency issues

MODULE 3: Retirement and Estate Planning MODULE 4: Desk Ready Skills Knowledge Check
• Wealth transfer through trusts
• Gifting
• IRAs, 401Ks and other Issues
• Taxation of Retirement Assets

Phone: 1 (347) 842-2501

160 Broadway Floor 15, New York, NY 10038