This Investment Management and Hedge Funds course is designed for FRM Part 2 candidates and finance professionals seeking advanced knowledge in portfolio and hedge fund management. Following FRM Part 2 Book 5, the course begins with factor theory, explaining systematic and idiosyncratic risk factors, and how they drive portfolio returns.

Learners will study individual factors in depth, understanding their influence on asset pricing, risk-adjusted performance, and diversification. The course then explores alpha, including the low-risk anatomy of generating excess returns relative to a benchmark, and methods to identify, monitor, and optimize alpha in portfolios.

Risk monitoring and performance measurement are also covered, with practical approaches to evaluate portfolio performance, track risk exposures, and implement adjustments based on changing market conditions. The course highlights key metrics, reporting techniques, and analytical tools used by investment managers and risk professionals.

A major section is dedicated to hedge funds, where learners explore different strategies, including long-short equity, event-driven, and global macro. The course examines risk considerations, performance evaluation, and the role of hedge funds in diversified portfolios.

This course is ideal for FRM Part 2 candidates, portfolio managers, hedge fund analysts, and professionals seeking practical and theoretical knowledge in investment risk and performance management.