Professor | Marco Morelli / Paolo Vitale |
---|---|
Course code | SLX |
General Discipline (SSD) | SECS-P/11 |
Course Year | 2 |
Semester | I Semestre |
Course | 0 |
Teaching Language | English |
Credits | 8 |
Total Workload | 200 |
Total Lesson Hours | 60 |
Course Contents | Morelli’s Module
• Equity markets: Public side vs private side; the role of investment banks. Vitale’s Module • Market efficiency and technical analysis. |
Reference Books | Lhabitant (2007): Handbook of Hedge Funds John Wiley & Sons |
Course Formative Objectives | To introduce students in a rigorous but intuitive way to the equity market environment and alternative investment techniques. |
Prerequisites | Basic Knowledge of Microeconomics, Finance, Corporate Finance, Statistics, Econometrics |
Teaching Method | Main lectures with discussions of numerical exercises, case studies and homework. |
Assessment Method | Weekly evaluations of assignments or case studies plus final closed book final written exam Class work and take-home assignements: 40% Closed book final written exam: 60% |
Criteria For Deciding On Subject Of Final Paper | No one
|
Extended Program And Reference Reading Material | |
Week 1 – Lesson 1 | Market efficiency and technical analysis |
Week 1 – Lesson 2 | Equity markets: Public side vs private side; the role of investment banks |
Week 2 – Lesson 1 | Value and growth investment |
Week 2 – Lesson 2 | IPO : General overview and process |
Week 3 – Lesson 1 | Insider trading |
Week 3 – Lesson 2 | IPO: case study |
Week 4 – Lesson 1 | Hedge funds’ organization and structure |
Week 4 – Lesson 2 | Straight equity follow-on : Rights issue, accelerated book fully marketed offerings |
Week 5 – Lesson 1 | • Hedge funds’ strategies: Long/short, market neutral, fixed-income, global macro. |
Week 5 – Lesson 2 | Equity-linked: overview and rationale |
Week 6 – Lesson 1 | Hedge funds’ strategies: Long/short, market neutral, fixed-income, global macro. |
Week 6 – Lesson 2 | Universe of equity markets investors : Long-only, hedge funds, sovereign/wealth funds, retail |
Week 7 – Lesson 1 | Performance analysis of funds management |
Week 7 – Lesson 2 | Universe of equity markets investors : Long-only, hedge funds, sovereign/wealth funds, retail |
Week 8 – Lesson 1 | Performance analysis of funds management |
Week 8 – Lesson 2 | The role of equity research : Evolution, past issues, regulation |
Week 9 – Lesson 1 | Performance analysis of funds management |
Week 9 – Lesson 2 | The role of equity research : Evolution, past issues, regulation |
Week 10 – Lesson 1 | Database, indices and benchmarks. |
Week 10 – Lesson 2 | Private equity and financial sponsors : investment cycle, domestic vs international |
Week 11 – Lesson 1 | Diversification and asset allocation |
Week 11 – Lesson 2 | Hedge fund testimonial |
Week 12 – Lesson 1 | Diversification and asset allocation |
Week 12 – Lesson 2 | Private equity testimonial |