Understanding Portfolio Management Companies

Portfolio management fundamentals & organizations

Course objectives

  • Understand organization and jobs inside a portfolio management company
  • Knowledge of investments supports(stocks / bonds /derivatives)
  • Understand major types of portfolio management strategies

Portfolio Management Companies: How does it work?

  • Organization, structure, jobs
  • Customers : Private, firms, banks, networking

Case Study: Organization chart of a PMC

Major services and jobs within the organization

  • Front office : portfolio managers, sellers, brokers, analysts, floor traders
  • Middle office : risk management approaches
  • Back office : Payments, deliveries
  • Compliance, legal environment
  • I.T. services

Case Study: Follow the path of a trade on the market

Financial Markets and investments supports

  • Stock market / Bonds / rates / credit / currencies / commodities
  • Derivatives & term investments

Basics for a good portfolio management

  • Risk & profitability
  • Length of the investment, liquidity
  • Diversification: how to allocate its assets?

Case Study: Risk measurements methods

UCITS & Collective Investments

  • European legal environment
  • Risk classifications
  • UCITS invest in stocks, bonds or mixed supports
  • Hedging, structured products, ETF, guaranteed capital
  • Alternative funds, Hedge funds

Case Study: How to select your right fund?

Review of portfolio management strategies

  • Benchmark? What is it? What is it for?
    • Simple / Composite
  • Benchmarked strategies / tilt performance enhancement
  • Stock Picking / Top Down or Bottom Up approach
  • Value, growth, Core Satellite
  • Performance measurement and attribution
  • What are Alpha / Beta?
  • How to recognize a good portfolio manager?

Case Study: Same market, different performances

Derivatives: how to use it?

  • Futures & options
  • Hedging or speculating
  • Structured products

Evolution & trends in the market: new products / new regulation

Gilles Benzaken

Gilles Benzaken

Gilles is mandated manager in charge of the investment committee, in Portzamparc where he deals with the stock market and its products on a daily basis. His pedagogy allows him to share with you the knowledge you need in the best way possible.

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