INTRODUCTION TO INVESTMENT RISK MANAGEMENT
• Fundamentals of Risk Management.
• Risk Management Frameworks.
o ERM (Enterprise Risk Management).
o ORM (Operational Risk Management).
• Regulatory Environment.
o Key Regulations and Standards.
o Impact on Investment Practices.
• Case Studies.
FACTOR THEORY AND PORTFOLIO CONSTRUCTION
• Understanding Factor Theory.
• Factor Models.
• Portfolio Construction Techniques.
o Diversification Strategies.
o Asset Allocation Models.
• Practical Applications.
PORTFOLIO RISK MEASURES
• Key Risk Metrics.
o Standard Deviation and Variance.
o Value at Risk (VaR).
• Advanced Risk Measures.
o Conditional VaR (CVaR).
o Beta and Alpha.
• Scenario and Stress Testing.
• Practical Exercises.
o Calculating and Analyzing Risk Metrics.
o Applying Risk Measures to Portfolios.
RISK BUDGETING
• Principles of Risk Budgeting.
o Definition and Importance.
o Allocating Risk Across Portfolios.
• Techniques and Tools.
• Implementing Risk Budgets.
• Case Studies.
RISK MONITORING AND PERFORMANCE MEASUREMENT
• Ongoing Risk Monitoring.
o Tools and Techniques.
o Key Risk Indicators (KRIs).
• Performance Measurement.
o Metrics and Benchmarks.
o Sharpe Ratio, Information Ratio.
• Performance Attribution.
• Practical Applications.
PORTFOLIO-BASED PERFORMANCE ANALYSIS
• Introduction to Performance Analysis.
• Attribution Analysis.
o Return Attribution.
o Risk Attribution.
• Benchmarking and Comparison.
• Practical Exercises.
HEDGE FUNDS AND RISK MANAGEMENT
• Overview of Hedge Funds.
• Risk Management in Hedge Funds.
o Identifying and Mitigating Risks.
o Use of Leverage and Derivatives.
• Hedge Fund Performance Analysis.
