INTRODUCTION
Access to the right tools to measure and evaluate your portfolio s performance is critical to your business decisions. With our portfolio performance measurement and attribution service, you ll have the right solution to gain insight into your performance strategy and transparency into your investment performance drivers.
Portfolio performance measurement is the quality control element of the investment decision process. It provides the necessary information to enable asset managers and clients to assess exactly how their money has been invested and the results of the process. Performance measurement is a core part of the decision process providing essential information to several key stakeholders.
The Portfolio Performance Management & Attribution Analysis course brings all analysts, investors, risk managers and other stakeholders up to date with the latest developments, teaching you a number of skills that will enable you to achieve better results
OBJECTIVES
By the end of this Portfolio Performance Measurement & Attribution Analysis course you will be able to :
Understand the concept of performance measurement
Learn the different ways to derive returns (and why the results can vary)
Understand how cashflows affect returns
Analyse the principles of benchmarking
Ascertain why risk measurement and management are important and what the measures mean
Discern the role of attribution, the challenges in getting it right, and how it should be used
Understand the differences and difficulties of fixed income attribution
Learn the status and application of the different international performance measurement standards
WHO SHOULD ATTEND ?
This Portfolio Performance Measurement & Attribution Analysis training course is especially suitable for professionals in the following areas:
Portfolio managers
Senior management
Performance measurers
Risk controllers
Compliance staff
Sales and marketing staff
Operations staff
COURSE OUTLINE
Day 1
Introduction
Why measure portfolio performance?
The measurement process
A brief history of asset returns
Review of quantitative tools
The Mathematics of Portfolio Returns
Arithmetic vs. geometric rates of return
Value (money) weighted rates of return
ICAA, simple and modified Dietz methods
Time weighted rates of return
Hybrid methodologies
Linked modified Dietz and linked IRR
Portfolio component returns
Day 2
Benchmarking
Desirable properties for benchmarks
Index calculation methodologies
Price weighted indices
Market capitalization indices
Equally weighted indices
Benchmark selection
Benchmark statistics
Day 3
Adjusting
for Risk
Return distributions
Market price of risk
Risk measures (Drawdown, VaR, CVaR, etc.)
Risk-adjusted returns
Selecting a risk measure
Risk-adjusted performance measures for equity and fixed income
Risk-adjusted performance measures for hedge funds
Day 4
Performance Attribution: Foundations
Active vs. passive portfolio management
Attribution standards
Arithmetic attribution techniques
Geometric attribution techniques
Multi-currency attribution
Risk-adjusted attribution
Fixed Income Attribution
Duration attribution
Yield curve analysis and decomposition
Yield curve attribution
Performance Measurement and Attribution for Derivatives
Futures
Swaps
Options, warrants and convertible bonds
Market neutral attribution: 130/30 funds
Multi-period Attribution
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
www.lpcentre.com
DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00AM12:45PM Or 01:00PM - 05:00PM.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
CONTACT INFO
LONDON
Oxford Street Offices:
London - Oxford Street 25 N Row, London W1K 6DJ
+44 (0) 20 36 916 970
West London Office:
47 49 Park Royal Road London NW10 7LQ
+44 (0) 20 80 900 464 info@lpcentre.com
DUBAI
Business Bay, ParkLane Tower, Offices 718 - 719
+971 43880094
dubai.training@lpcentre.com
KUALA LUMPUR
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor
+60 19-305 5694
www.lpcentre.com
www.lpcentre.com