Hedge Fund Investments

This course provides a high-level introduction to the features of hedge funds, their structures, risk and return profiles as well as the diversification benefits of hedge fund investments. The course covers the five main types of hedge fund strategies, including equity-related, event-driven, relative value, opportunistic, and multi-manager strategies, and the key sub-strategies within each. This course explains performance appraisal issues for hedge funds, and hedge fund returns including their calculation and interpretation, and how to perform due diligence of hedge funds as a systematic process.

Course modules include:

• Module 1: Introduction to Hedge Fund Investments
• Module 2: Hedge Fund Strategies
• Module 3: Hedge Fund Performance Appraisal, Investment Returns, and Due Diligence
• Module 4: Practitioner Perspectives

This course is part of the Private Markets and Alternative Investments Certificate. The individual courses can be taken separately or as part of the full certificate.

It is suggested, but not required, that learners complete the courses in the recommended order below to ensure uniform foundational knowledge.

Recommended order:

• Introduction to Private Markets and Alternative Investments
• Private Equity and Private Credit Investments
• Real Estate and Infrastructure Inavestments
• Commodities and Natural Resources Investments
• Hedge Fund Investments

• Understand the features, forms and structures, and risk and return characteristics of hedge fund investments.
• Understand equity-related, event-driven, relative value, opportunistic, and multi-manager hedge fund strategies.
• Understand performance appraisal issues, calculating and interpreting investment returns, and performing diligence of hedge fund investments.

• Investment Management Strategies
• Equity Investments
• Investment Products & Asset Classes
• Alternative Assets