Investment Management in an Evolving and Volatile World by HEC Paris and AXA Investment Managers
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Investment Management in an Evolving and Volatile World by HEC Paris and AXA Investment Managers
Instructors: Hugues Langlois
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There are 4 modules in this course
Have you ever wanted to invest in financial markets, but were always afraid that you didn’t have the proper tools or knowledge to make informed decisions? Have you ever wondered how investment management companies operate and what fund managers do? AXA Investment Managers, in partnership with HEC Paris, will introduce you to the most important ideas and concepts in investment management, to help you better understand your financial future.
This course will enable you to: • Define what type of investor you are, your investment objectives, and potential constraints. • Identify the main investable assets and important players in financial markets. • Understand basic portfolio management techniques. • Apply these techniques in real case studies from the outset, through practical assessments. Finally, we will provide a comprehensive overview of today's asset management industry: the product cycles, professionals, and regulations. For those who want to identify a talented fund manager to invest for you, we offer important criteria for selecting one. For those who are interested in learning more about this fascinating industry, we lay the foundation for your ongoing financial journey. Join us now to explore the world of investment management! Course Specialists The course has been developed in collaboration between HEC Paris, with Hugues Langlois managing the academic aspect, and AXA Investment Managers specialists, sharing their experiences and expertise and coordinated by Marion Le Morhedec. AXA Investment Managers participants include Maxime Alimi, Stephanie Condra, Nicholas Jeans, Elodie Laugel, Pierre-François de Mont-Serrat, Jean-Gabriel Pierre (AXA Group), Dorothée Sauloup, Irina Topa-Serry, Fiona Southall, Patrice Viot Coster, Susanna Warner, and Joachim Weitgasser. Recommended Background We expect most participants to have a basic level of knowledge in mathematics and economics. However this is not essential, and we believe that people from any background can succeed with commitment and a strong interest. Be aware that in the case study, you will have to use Excel. Course Format This course will run for 4 weeks and consists of 4 modules, each with a series of lecture videos between 5 to 8 minutes long. Each module contains a set of practice and graded quiz questions. A complete portfolio management exercise covers concepts learned in all modules Language The course is in English, with Spanish, Italian, German, French, and Chinese (Simplified) subtitles. The Project The preparation of this MOOC has been an exciting adventure for many professionals at AXA Investment Managers and HEC, both for the speakers and a wealth of contributors. Thank you to all of them. We hope you enjoy this course as much as we enjoyed creating it!
As the first module of the course, we will start with helping you to identify which kind of investor you are, and what are your investment objectives. Then, we will give you an overall view of investible assets and the financial market. In addition, we will introduce the concepts of risk and returns in portfolio management which will help you to make better investment decisions.
What's included
7 videos7 readings5 assignments2 discussion prompts
7 videos•Total 61 minutes
- Introduction to the Course•2 minutes
- What kind of investor are you?•9 minutes
- What do you want to achieve as an investor?•7 minutes
- Translating your objectives into financial metrics•10 minutes
- Understanding how to measure asset risk and return•9 minutes
- A glance at the universe of investable assets•12 minutes
- Financial market participants at play•10 minutes
7 readings•Total 70 minutes
- What will you learn?•10 minutes
- More about the course•10 minutes
- Supporting material - computing returns and sample statistics•10 minutes
- What will you learn?•10 minutes
- Additional (optional) videos•10 minutes
- Portfolio management exercise: part 1•10 minutes
- Next quiz for advanced learners (honor track)•10 minutes
5 assignments•Total 150 minutes
- Graded Quiz Module 1•30 minutes
- Portfolio management exercise - Getting Started with Investments•30 minutes
- Quiz for honor track - part 1•30 minutes
- Practice Quiz Module 1 Lesson 1•30 minutes
- Practice Quiz Module 1 Lesson 2•30 minutes
2 discussion prompts•Total 20 minutes
- Introduce yourself to your peers!•10 minutes
- What type of investor do you think YOU are?•10 minutes
This is the second week of our study. We first learn how to optimize a portfolio allocation given your investment objectives. Then we will learn how to integrate your investment constraints to find a feasible investment solution. You will use asset pricing models to improve your portfolio performance by improving your understanding of financial asset returns. Finally, you will apply different hedging techniques to remove unwanted risk in our portfolios.
What's included
6 videos7 readings4 assignments
6 videos•Total 50 minutes
- Introduction to Module 2•1 minute
- How to use quantitative method to optimize portfolio construction•9 minutes
- How do constraints and regulations impact portfolio construction?•8 minutes
- The importance of asset pricing in portfolio management•9 minutes
- Strategic versus tactical allocation•11 minutes
- Hedging techniques: how to protect portfolio against undesired risk•11 minutes
7 readings•Total 70 minutes
- What will you learn?•10 minutes
- Supporting material•10 minutes
- Supporting material•10 minutes
- Additional (optional) videos•10 minutes
- What will you learn?•10 minutes
- Suggested reading•10 minutes
- Portfolio management exercise: part 2•10 minutes
4 assignments•Total 120 minutes
- Graded Quiz Module 2•30 minutes
- Portfolio management exercise - Let's Allocate Across Investments•30 minutes
- Practice Quiz - Module 2 Lesson 1•30 minutes
- Practice Quiz - Module 2 - Lesson 2•30 minutes
We take in this module a closer look at investment strategies. We start by examining both quantitative active and qualitative strategies, and understanding their respective benefits. In the second lesson, we will learn how to apply these strategies in real life, including how to translate a strategies into transactions. We finish by examining extreme events in financial markets during which investment strategies were challenged.
What's included
7 videos8 readings4 assignments
7 videos•Total 57 minutes
- Introduction to Module 3•1 minute
- The economics of active management•8 minutes
- Active management: quantitative approach•8 minutes
- Active management: discretionary approach•11 minutes
- Investment management decisions•9 minutes
- How to manage trading efficiently•11 minutes
- How to manage extreme events in financial markets•9 minutes
8 readings•Total 80 minutes
- What will you learn?•10 minutes
- Additional (optional) videos•10 minutes
- Supporting material•10 minutes
- Suggested reading•10 minutes
- What will you learn?•10 minutes
- Suggested reading•10 minutes
- Supporting material and suggested reading•10 minutes
- Next quiz for advanced learners (honor track)•10 minutes
4 assignments•Total 120 minutes
- Graded Quiz Module 3•30 minutes
- Quiz for honor track - part 2•30 minutes
- Practice Quiz - Module 3 - Lesson 1•30 minutes
- Practice Quiz - Module 3 - Lesson 2•30 minutes
In this final module, we cover the details of the asset management industry. We start by understanding what it takes to make a proper decision when hiring a fund manager. We will learn how to evaluate his or her performance, and to select the right one depending on our investment objectives. Then, we cover the functioning of an asset management firm. We will learn the different career paths within an asset management firm. We will also cover the different stages of the life cycle of an investment product, including the role of each department within the firm and the impact of regulations on their design.
What's included
7 videos7 readings5 assignments
7 videos•Total 53 minutes
- Introduction to Module 4•1 minute
- How to measure and monitor the performance of an investment•8 minutes
- Selecting the right fund manager•7 minutes
- Formalize your investment objectives•8 minutes
- Professionals at work in an asset management company•8 minutes
- Product cycles in asset management•11 minutes
- What does regulation bring to the industry?•8 minutes
7 readings•Total 70 minutes
- What will you learn?•10 minutes
- Supporting material•10 minutes
- What will you learn?•10 minutes
- Suggested reading•10 minutes
- Got any question? Ask us in a live session!•10 minutes
- Portfolio management exercise - part 3•10 minutes
- Next quiz for advanced learners (honor track)•10 minutes
5 assignments•Total 150 minutes
- Graded Quiz Module 4•30 minutes
- Portfolio management exercise - Let's Evaluate an Investment Fund•30 minutes
- Quiz for honor track - part 3•30 minutes
- Practice Quiz - Module 4 - Lesson 1•30 minutes
- Practice Quiz - Module 4 - Lesson 2•30 minutes
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Reviewed on May 1, 2020
A good course which will help you get an understanding of the market and the various mathematical tools used in the analysis
Reviewed on Jun 30, 2020
Key principles and overview are excellent. Technicals and quantitative aspects were too fast and detailed for me. Probably more useful for analyst level interests
Reviewed on Jun 11, 2020
I really enjoyed this course, I learned new concepts in investment and gave me an impulse to keep studying and going deep in this area of finance.
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