Alternative Investments

Lehrinhalte

Further asset classes and associated products: venture capital and private equity, hedge funds, commodities, real estate, etc.; benchmarks and indices for these asset classes; return time series and maybe estimation of the long-term average returns and volatilities of these asset classes; derivatives for these asset classes and controlling portfolios using these derivatives; trading strategies for these asset classes; selection and optimisation for these asset classes; performance and attribution analysis for these asset classes

Art der Vermittlung

Präsenzveranstaltung

Art der Veranstaltung

Pflichtfach

Empfohlene Fachliteratur

Maginn, J. (ed.), Tuttle, D. (ed.), McLeavey, D. (ed.), Pinto, J. (ed.), 2007, Managing investment portfolios: a dynamic process, 3rd ed., Wiley, CFA Institute Investment Series, Chapters 8.1-8.2; 8.4-8.6; Baum, A., 2015, Real estate investment: a strategic approach, 3rd ed., Routledge

Lern- und Lehrmethode

Integrated class

Prüfungsmethode

Student evaluation relies on the quality of their assignments, their presentations and their participation (30 points), and the results of the final written exam (70 points). The final exam consists of two parts; questions for up to 15 points focus on real estate while up to 55 points can be received based on questions on other products within the asset class alternative investments.

Voraussetzungen laut Lehrplan

Courses of the 1st semester

Schnellinfos

Studiengang

Quantitative Asset and Risk Management (Master)

Akademischer Grad

Master

ECTS Credits

2.00

Unterrichtssprache

Englisch

Studienplan

Berufsbegleitend

Studienjahr, in dem die Lerneinheit angeboten wird

2025

Semester in dem die Lehrveranstaltung angeboten wird

2 SS

Incoming

Lernergebnisse der Lehrveranstaltung

After the successful completion of the course, students are able to systemize the wide range of products in the asset class alternative investments. They can elaborate on different products of the asset class such as real estate and hedge funds alongside their risk profile and discuss different investment approaches. Furthermore, they can describe the characteristics of real estate markets, distinguish between different investment approaches (style and vehicle), reflect on the risks of these investments and perform real estate valuation based on various models. Additionally, they have the ability to conduct performance and attribution analyses for this asset class and are able to use alternative investment products in a portfolio management process to optimize portfolio selection.

Kennzahl der Lehrveranstaltung

0613-09-01-BB-EN-18