Investment Management

During this program we will work through a series of conceptual and numeric examples, conducted as group work and discussed in plenary session, enabling you to deepen, and exhibit, your understanding of the fundamental concepts. The business cases will also enable you to practice the steps in the investment analysis process being taught in the…

Day 1 | Introduction, venture investing, deal sourcing and due diligence Introduction How would you finance a spin-off from a University Lab? (interactive) What is venture capital? Overview of the VC model Who invests in start-ups and how? Focus on Europe and VC funds Activity and performance The challenge of venture capital investing Framework Quick introduction…

Valuation in M&A Calculating free cash flow  Time value of money  Valuing targets multiples and discounted cash flow (DCF) estimating synergies company valuation  Introduction to M&As M&A market overview and recent developments the M&A process, common terminology the choice of build, buy or ally M&A trends and waves typical challenges domestic versus cross-border M&A transaction…

Overview of Project Finance The project finance framework Key characteristics and key parties involved Risks and risk mitigants –    Political, sovereign and expropriation risks –    Economic risks Project finance as a financial contract and contract types (BOT, BOO, etc.) Public Private Partnerships (PPPs) Financing issues in Project Finance: the macro view Financing types: bonds versus…

  Day 1 | Private equity: asset allocation, instruments and strategies Introduction Private equity, private debt, private real assets: strategies and instruments The private equity value chain Levels of intermediation: direct/co-investment, funds and funds-of-funds Challenges: why is investing in private markets difficult? Current debates: reputation, clichés and reality The three dimensions of private markets investing…

Bond instruments and market introduction Universe of instrument types Fixed / floating rate Structured finance securities Credit rating spectrum Yield curve analysis and interpretation Value-at-Risk primer Risk and return for bonds without embedded options Yield measures Risk measures: Part I Duration: Definition, usefulness, properties and limitations Risk measures: Part II Convexity: Definition, usefulness, properties and…