Hedge funds have become a major part of the investment landscape with almost $1.5 trillion dollars under management. In this course, the return and risk characteristics of various hedge fund strategies are reviewed. Results show that many hedge fund strategies provide unique return and risk opportunities both as standalone investments and as additions to portfolios comprised principally of traditional stock and bond investments. However, the extent that a hedge fund strategy provides stock/bond portfolio diversification potential depends both on the statistical properties of the stock/bond portfolio as well as the hedge fund strategy itself. The expected correlation relationships of various hedge fund strategies with a range of market factors are explored as well as the ability of multi-factor regressions to explain hedge fund returns.

All materials are included within this online course: the INGARM publication with downloadable charts and graphs as well as links to additional resources. There are no prerequisites; however a basic of understanding of elementary statistics is beneficial. This two hour self-study course will be open for enrollment on a continuous basis, but must be completed before the ending date of the course section chosen to best meet your needs.

NO REFUNDS

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