Objectives
Hedge Funds have experienced an enormous development and growth over the last few years. This recent popularity of hedge funds has created the need for all professionals involved to have a specialised knowledge about these financial instruments.

This seminar will place emphasis on aspects such as:

- The different strategies used by hedge funds
- The risks associated with each strategy and typology of hedge fund
- The regulatory aspects, including legal and fiscal

Participants
Professionals from financial entities with responsibility in the private banking area and management of estates, investment funds and pension funds agents and depositaries; financial advisors and investors and other financial professionals interested in the hedge world .

Programme
1. Introduction to Hedge Funds

- Definition and history
- Hedge funds versus traditional funds

2. Description of the main strategies of Hedge Funds

- Relative value
- Corporate events
- Opportunities
- CTA´s

3. Hedge Funds

- Advantages and disadvantages
- Types of Funds: active management versus passive management
- Agent selection process: quantitative and qualitative analysis
- The importance of Due Diligence

4. Main risks of Hedge Funds

- Traditional risk measures: Standard deviation, correlation
- Specific risk measures/profitability: Sharpe, Sortino, Drawdown,
   Downside deviation
- Risk Management in Hedge Funds

5. Regulation of Hedge Funds

- Legal regime of Hedge Funds in Spain
- Taxation framework of investment in Hedge Funds

Duration:  12 hours

Hours:  Fridays from 10:30 to 13:30 hours and from 15:30 to 18:30 h

Place:  IEF classrooms, Gran Vía, 670, 2º, - 08010 Barcelona