Gestion d'actifs
Les objectifs du cours
The course is inspired by the CFA asset management program and pick up topics that capture main dimensions of the asset management industry (market size, legal and organizational framework, theoretical tools, industry practices). It aims to give a solid framework for students willing to go further and get a comprehensive knowledge of the asset management particularities.
Plan du cours
1) The basics: The industry, mutual funds, modern portfolio theory, strategic asset allocation.
2) Case study: managing a fund of funds: Managing a diversified portfolio, typology of asset management methods, managing an equity portfolio, managing a fixed income fund, performance measurement.
Bibliographie
Maginn J. and al., Managing Investment Portfolios - A dynamic Process. CFA Investment series, John Wiley and Sons, Inc. 2007.
Siegel J., Stocks For the Long Run - Fourth Edition, Mc Graw Hill, 2007.
Reinhart C. and K. Rogoff, This Time is Different, Princeton University Press. 2009
Examen
Participation 30 %; Final Exam: 70 %