Asset Management
Objectives
The Asset Management industry has more than tripled in the current
century despite the several financial crises, reaching currently 80 trillion
dollars of assets under management worldwide.
Understanding
this industry is critical for any finance professional, since it plays a
critical role in the setting of financial assets’ prices, in particular the
risk free rates, cost of capital & multiples.
The
purpose of the Asset Management course is to provide students with a
fundamental understanding of asset management, focusing on an institutional approach
to Portfolio Management, as well on the strategic management of asset
management organizations.
Furthermore,
the growing market and resulting competition in the wake of sustainable
investing going mainstream has the welcome effect to compress fees for such
products.
General characterization
Code
14516
Credits
3
Responsible teacher
Miguel Ferreira
Hours
Weekly - Available soon
Total - Available soon
Teaching language
Portuguese | English
Prerequisites
Available soon
Bibliography
• “The Future of Investment Management ", Ronald N. Kahn. (ISBN
978-1-944960-56-8)
https://www.cfainstitute.org/en/research/foundation/2018/future-of-investment-management
• “What is Responsible Investment?”, United
Nations Principles for Responsible Investment
https://www.unpri.org/download?ac=6998
Teaching method
The course is partly based in tutorial, that outline the concepts, which
are discussed in terms of conceptual and practical application in asset
management. A high degree of case study method is applied.
Evaluation method
The assessment of this curricular unit is done
together with the block of curricular units of the same area of knowledge. This
assessment has 3 moments, which together define the final grade of the
curricular unit:
• Individual exam with a weighting of 50% of the
total mark
• Group work with a weighting of 35% of the
total grade value
• Individual reflection-action exercise carried
out at the end of the curricular unit, with a weighting of 15% of the total
grade value. The set of individual action-reflection exercises is a journaling
activity, which will constitute, at the end, a learning portfolio capable of
synthesising the contributions of the Executive Master for that student.
Subject matter
The course will be structured around the following topics.
•
Investment policy and process, strategies, performance evaluation and
incentives;
•
Asset Allocation, Diversification and Implementation issues
•
Strategic Management of Asset Management Companies
•
The investment management process
•
Efficient frontier and the definition of optimal portfolio
•
Constraints, policy statements, asset allocation
•
Active Portfolio Management
•
Environmental, Social and Governance factors, and ESG strategies in investments
•
Development of soft skills in case discussion, investment decision arguments
•
Ability to discuss and follow the development of the investment industry
•
Practitioner view of the benefits of diversification and portfolio construction