Asset Management - (F) - Q4

Participation Prerequisites

None

Course Content

• The structure of and the current issues in the active/ passive asset management services market are explained; it is also shown how capital market theory concepts are used in practice; the structure of the German asset management industry is highlighted.
• The investment styles, tools, techniques and methodologies that are employed by asset managers are discussed and studied, as well as the role of investment consultants are analysed.
• Important capital market theory aspects are discussed, and special emphasis is put on those that concern model architecture and those that are typically not covered in the textbooks.
• The demand side in the market is studied by investigating the techniques and tools used by institutional investors.
• High-profile guest speakers are invited and describe the role of their company in the asset management industry.
• The lecturer provides different case studies. The students need to sign up to and present the results of a case study.

Intended Learning Outcomes and Competencies

Upon completion of this course, students will be able to understand and apply the portfolio theory, the capital asset pricing model, and the efficient market hypothesis in asset management

Form of Examination

Literature

Required Reading:

Bodie, Zvi, Alex Kane and Allen J. Marcus (2018)

Investments and Portfolio Management, Irwin McGraw-Hill, 11th edition

Class lectures

Optional:

Annual report of Asset Management industry or Pension Fund from BCG, McKinsey, PWC, Norges Bank, OECD Pension Fund, Yale Endownment Fund