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Course List
Introduction to the Securities Industry
Introduction to the Securities Industry
Introduction to U.S. Securities Processing
Securities Lending and Borrowing : An Operations Perspective
Foundations of Investment Management and Buyside Operations
Dealing with Change in the Financial Markets
Collateral Management: An Operations Perspective
International Issues
International Securities Operations
International Portfolio Accounting
Foreign Currency: Markets, Clearance, Settlement & Accounting
Foreign Exchange: Lifecycle of a Trade
Corporate Actions
U.S. Domestic Corporate Actions
Global Corporate Actions
Capital Markets
Capital Markets Overview
Capital Market Economics - Investigating the Linkages Between the Real Economy and the Financial Markets
Portfolio Management
Portfolio Management
Securities Analysis
Managing Risk
Risk in a Global Market - Management and Operational Challenges Looking Forward
Financial Management
Financial Accounting and Financial Mathematics
Financial Statement Analysis
Fixed Income Securities
Bond Math: Mathematics of the Fixed Income Market
Structured Securities: MBS, ABS, CDOs
Introduction to Fixed Income Products
Accounting for Fixed Income Securities and Derivatives
Mortgage-Backed Securities
Collateralized Debt Obligations and Credit Default Swaps (CDOs and CDS)
Fixed Income Analytics
Interest Rate Swaps and Credit Default Swaps
Fixed Income Securities Trade Processing and Operations
Accounting, Regulatory & Management
Stock Brokerage Accounting & Securities Regulations
Introduction to Private Equity Markets
Trading After the Volcker Rule
Dodd-Frank for Non-US Derivatives Users
Complying with the MiFID II/MAR Rules
Introduction to Derivative Products
Derivatives: Markets, Operations, Accounting & Control
Derivative Products: Risk Management and Valuation
Option Valuation and Trading
Equity Derivatives: Futures and Swaps
Interest Rate Futures and Swaps
Introduction to Options: Products, Trading & Processing
Swaps Processing and Operations
Commodity Futures: Energy, Metals and Agricultural
Equity Options: Strategies, Accounting and Operations
Mutual Funds
Introduction to Mutual Funds
Mutual Fund Operations

Course Description
Portfolio Management
Available Dates:
There are no dates available.
Course Code: 510
Duration: 1 day
Level: Basic
Fee: $795.00
CPE Credits: 6
Prerequisite: Seminar 511 (Securities Analysis) or 530 (Financial Accounting/Financial Mathematics) or equivalent experience is recommended but not required.

This one-day seminar provides a wide-ranging overview of the concepts, process and tools of portfolio management. The presentation first addresses the fundamentals of risk and return and how these issues should be considered in the investment objective setting process.

The discussion will consider how these factors vary across investors for various types of institutional as well as individual investors. Asset allocation decisions and their implications will also be addressed. The bulk of the seminar will be devoted to fixed income and equity portfolio management.

Topics discussed will include: Portfolio management styles; performance of active versus passive strategies; measuring risk and calculating risk adjusted returns; performance attribution; selection of appropriate benchmarks. The program is designed to give participants insight into the key aspects of the duties and responsibilities of managing investment portfolios.

The seminar would be beneficial to early career professionals in trading or sales seeking a better understanding of this complementary function. The seminar would be particularly useful to early or mid career professionals working in capacities that support or interface with portfolio managers such as clearance and settlement, compliance, financial control or middle office.

Topics for Discussion Include:

Introduction to Portfolio Management           

  • Portfolio Management Defined
  • Focus of Program

Overview of Portfolio Management 

  • Portfolio Management Styles
  • Overview of Portfolio Management Process

Portfolio Management: Theory and Practice

  • History of Portfolio Management
  • Modern Portfolio Theory (MPT)
  • Capital Asset Pricing Model (CAPM)
  • Applications in Investment Selection and Performance Assessment

Quantifying Risk and Return

  • Measuring Returns
  • Quantifying Risk
  • Assessing Performance
  • Performance Attribution

Fixed Income Portfolio Management

  • Portfolio Investment Policy
  • Portfolio Management Styles

Equity Portfolio Management       

  • Equity portfolio types
  • Active Equity Investing Styles
  • Passive Equity Investments
  • Enhanced Indexing
Multi Sector Portfolios
  • Global Investment Process
  • Types of Alternative Investments

Internationally Diversified Portfolios

  • Potential Benefits of International Diversification
  • Complications of foreign investing
  • Managing Globally Diversified Portfolios

After completing this program participants should be able to:

  • Describe the characteristic features of various portfolio management styles (active, passive, semi-active/passive, indexing, etc.) and implications for security selection and portfolio construction of the different styles

  • Discuss basic issues in assessing investment management performance including defining, differentiating and relating to one another: measurement of investment returns, performance assessment, and return attribution

  • Identify key elements of MPT (Modern Portfolio Theory) and CAPM (Capital Asset Pricing Model) and recognize how particular aspects of each are used in quantifying risk and assessing returns

  • Discuss investor rationale for adopting indexing strategies, including types of indexing (full portfolio replication, enhanced indexing, etc.), impact on expected risk and return as well as fee and expense related issues

  • Define commonly used risk measures (standard deviation of return, Beta & duration) and describe their use in quantifying and expressing risk as well as assessing performance