| LEVEL 2 - Sept 2024 Curriculum Outline |
| | Topic 1. Emerging Topics |
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Reading 1.1. Channels for Exposure to Bitcoin
Reading 1.2. Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets
Reading 1.3. Web 3.0 Tokenization
Reading 1.4. Assessing Long-Term Investor Performance: Principles, Policies and Metrics
Reading 1.5. Demystifying Illiquid Assets: Expected Returns for Private Equity
Reading 1.6. Value Creation in Private Equity
Reading 1.7. Managing Liquidity for Capital Calls
Reading 1.8. Introduction to Portfolio Rebalancing Strategies
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| | Topic 2. Universal Investment Considerations |
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Reading 2.1. Professionalism and Fiduciary Responsibilities
Reading 2.2. Global Regulation
Reading 2.3. Geopolitics
Reading 2.4. ESG and Alternative Investments
Reading 2.5. ESG Analysis and Application
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| | Topic 3. Models |
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Reading 3.1. Modeling Overview and Interest Rate Models
Reading 3.2. Credit Risk Models
Reading 3.3. Multi-Factor Equity Pricing Models
Reading 3.4. Asset Allocation Processes and the Mean-Variance Model
Reading 3.5. Other Asset Allocation Approaches
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| | Topic 4. Institutional Asset Owners and Investment Policies |
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Reading 4.1. Types of Asset Owners and the Investment Policy Statement
Reading 4.2. Foundations and the Endowment Model
Reading 4.3. Pension Fund Portfolio Management
Reading 4.4. Sovereign Wealth Funds
Reading 4.5. Family Offices and the Family Office Model
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| | Topic 5. Risk and Risk Management |
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Reading 5.1. Cases in Tail Risk
Reading 5.2. Benchmarking and Performance Attribution
Reading 5.3. Liquidity and Funding Risks
Reading 5.4. Hedging, Rebalancing, and Monitoring
Reading 5.5. Risk Measurement, Risk Management, and Risk Systems
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| | Topic 6. Methods for Alternative Investments |
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Reading 6.1. Valuation and Hedging Using Binomial Trees
Reading 6.2. Directional Strategies and Methods
Reading 6.3. Multivariate Empirical Methods and Performance Persistence
Reading 6.4. Relative Value Models
Reading 6.5. Valuation Methods for Private Assets: The Case of Real Estate
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| | Topic 7. Accessing Alternative Investments |
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Reading 7.1. Hedge Fund Replication
Reading 7.2. Diversified Access to Hedge Funds
Reading 7.3. Access to Real Estate and Commodities
Reading 7.4. Access Through Private Structures
Reading 7.5. The Risk and Performance of Private and Listed Assets
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| | Topic 8. Due Diligence and Selecting Managers |
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Reading 8.1. Active Management and New Investments
Reading 8.2. Selection of a Fund Manager
Reading 8.3. Investment Process Due Diligence
Reading 8.4. Operational Due Diligence
Reading 8.5. Due Diligence of Terms and Business Activities
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| | Topic 9. Volatility and Complex Strategies |
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Reading 9.1. Volatility as a Factor Exposure
Reading 9.2. Volatility, Correlation, and Dispersion Products and Strategies
Reading 9.3. Complexity and Structured Products
Reading 9.4. Insurance-Linked Products and Hybrid Securities
Reading 9.5. Complexity and the Case of Cross-Border Real Estate Investing
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