HEDGE FUND MANAGEMENT

HEDGE FUND MANAGEMENT BOOT CAMP

IDEAL COURSE FOR ASPIRING FUND MANAGERS AND RETIREES

MODULE 1 - BETA (RISK)

Understanding the correlation of your purchased securities versus the market, is the first step towards professional risk management. BETA is a measure of the volatility of a security compared to the S&P500 as a whole.
MODULE 2 - FINANCIAL STATEMENT ANALYSIS

Understanding the ebb and flow of a balance sheet and an income statement will give you a clear depiction of the company's financial viability. Analyzing deviations between quarterly/annual reports and focusing on management discussion/analysis (MD&A), are crucial steps in financial analysis in order to make sound investment decisions.
MODULE 3 - MULTIPLE (P/E)

It is impossible to gauge why the majority of investors will pay $50 or $100 per $1 of company's earnings in the future. Merely comparing a company's multiple against its peers is not sufficient. This module will focus on P/E and PEG ratios and understanding when they become absolutely useless.

MODULE 4 - RATIO ANALYSIS (PART II)

Assessing Book Value Per Share or Gross Profit Margin is useful, but how do you benefit from knowing that information? In this module you will learn various ratios that gauge Liquidity, Leverage, Efficiency, Profitability, and Market Value. Coupled with correct position sizing will help you construct a bulletproof portfolio.
MODULE 5 - DISCOUNT CASH FLOW ANALYSIS

Ratio analysis will give you an idea of a company's financial health, but a Discount Cash Flow (DCF) analysis will bring you closer to an intrinsic value that a stock price should be trading at. Comparing this figure to the enterprise value will give you a much better idea if the stock is trading at a discount or is overbought.
MODULE 6 - HEDGING WITH FUTURES

A professional money manager is always obsessing about worst case scenarios, meaning what is the maximum amount of risk a portfolio can absorb at any given moment. Hedging open positions with futures overnight is one of the best ways to insure yourself and have a peace of mind before markets open the next day.

IS HEDGE FUND MANAGEMENT FOR YOU?

If you have heard of Steve Cohen, Jim Simons, Ray Dalio, David Tepper, then you know that these men didn't achieve billionaire status by being average. This field dictates a high intelligence level and an obsessive passion for the markets.

Value Investing or Aggressive Growth?

The objective of any hedge fund is to make as much money possible in a shortest period of time in a safest possible way. Based on your investors' risk appetite, you should know if your primary goal is capital preservation or aggressive growth.
Technical Analysis takes a backseat.

We have never seen Warren Buffett talk about Technical Analysis, since he has a longer term objective on almost all the investments he makes with a 5-10 year horizon. Despite technical analysis providing short-term opportunities, it will not be your primary driver for building a portfolio.
Hedging with Options and Futures.

The term "hedging" means to be able to protect your portfolio against downside risk in any market environment. A long stock or ETF position can be offset with a short Option Put or a Futures contract and vice versa. But it gets more deeper than this when you find securities that have inverse relationships.
Obsessing over Overnight Risk

When one has open positions in a portfolio, their primary concern is "How much money will I lose or gain the next day at the market open?" As a hedge fund manager, you should obsess over computing what is the worst case unrealized loss you can experience the next day at the open. Even then, due to volatility or geopolitical issues, you can be WAY off. Your job is to immediately adjust the portfolio accordingly or do nothing to navigate the stormy seas in the most optimal way possible!

LET'S BEGIN!