Postgraduate Course: Investment Management (CMSE11124)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | This course aims to help students develop a broad knowledge and understanding of portfolio management and investment analysis.
Students build on the knowledge gained from the Financial Markets and Investment Mathematics core courses in semester one (or Foundations of Finance in the case of A&F students). Students will learn the importance of understanding client objectives in the portfolio management process and understand practical issues that arise in managing client portfolios. We will review a number of investment strategies that have been suggested as having the potential to create superior returns. There will be at least one guest lecture from a portfolio manager. |
| Course description |
You will have to read the core texts for the class and most of the additional references that will be provided. The weekly lectures will explore particular aspects of the reading and attempt to help you put material in context, but are not a substitute for the reading. During lectures you will be asked to be active, completing exercises and discussing issues with your fellow students. In any case, the nature of the material means that in most cases there is not a single acceptable answer. The important thing is being able to argue a case and present evidence to back your argument.
The group-work assignment provides a different type of learning experience; it is a project which requires teamwork. As in the investment industry, teams are rewarded and judged based on co-ordinated team outputs.
Syllabus
Investment Management: Theory and Applications
Investment Funds: Context, Structures, and Strategies
Trading
Risk Management
Investing for Taxable Clients
Hedge Funds
Alternative Investments
Socially Responsible Investing, Corporate Engagement and Corporate Social Responsibility
Investment Management and Financial Crises
Student Learning Experience
You will have to read the core texts for the class and most of the additional references that will be provided. The weekly lectures will explore particular aspects of the reading and attempt to help you put material in context, but are not a substitute for the reading. During lectures you will be asked to be active, completing exercises and discussing issues with your fellow students. In any case, the nature of the material means that in most cases there is not a single acceptable answer. The important thing is being able to argue a case and present evidence to back your argument.
The group-work assignment provides a different type of learning experience; it is a project which requires teamwork. As in the investment industry, teams are rewarded and judged based on co-ordinated team outputs.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | For Business School PG students only, or by special permission of the School. Please contact the course secretary.
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Course Delivery Information
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| Academic year 2015/16, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Lecture Hours 20,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
125 )
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| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
There is one group assignment which counts for 30% of the total mark and a final two hour exam which counts for 70% of the total mark.
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| Feedback |
All students will be given at least one formative feedback or feedforward event for every course they undertake, provided during the semester in which the course is taken and in time to be useful in the completion of summative work on the course. Such feedback may be at course or programme level, but must include input of relevance to each course in the latter case.
Students will get feedback during the lectures. Students can request individual feedback from the course organiser. Students will receive written feedback on the report and general feedback on the exam. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S2 (April/May) | Investment Management | 2:00 | | | Main Exam Diet S1 (December)Main Exam Diet S2 (April/May)Resit Exam Diet (August)Outwith Standard Exam Diets JanuaryOutwith Standard Exam Diets FebruaryOutwith Standard Exam Diets MarchOutwith Standard Exam Diets AprilOutwith Standard Exam Diets MayOutwith Standard Exam Diets JuneOutwith Standard Exam Diets JulyOutwith Standard Exam Diets AugustOutwith Standard Exam Diets SeptemberOutwith Standard Exam Diets OctoberOutwith Standard Exam Diets NovemberOutwith Standard Exam Diets DecemberResit Exam Diet (April/May Sem 1 resits only) | Exam | : | |
Learning Outcomes
On completion of this course, the student will be able to:
- Critically discuss client objectives and the investment policy statement
- Apply portfolio theory in practice, covering asset allocation and international investment, portfolio risk management and risk-adjusted performance measurement
- Understand and critically evaluate Value strategies, Momentum strategies and Hedge fund strategies
- Understand and critically interpret output from investment and risk management tools such as Style Research, Thomson One Banker and Datastream.
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Reading List
| Maginn, Tuttle, Pinto, and McLeavey (2007), Managing Investment Portfolios: A Dynamic Process. CFA Institute and Wiley. ISBN 0470080140. |
Additional Information
| Graduate Attributes and Skills |
Cognitive Skills
The course will develop analytical and problem-solving skills
Subject Specific Skills
On completion of the course, students should have:
* Gained an ability to understand, speak and write the language of investment analysis and portfolio management.
* Become familiar with output from investment and risk management tools such as Style Research, Thomson One Banker and Datastream.
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| Keywords | finInvestmentManagement |
Contacts
| Course organiser | Dr Jens Hagendorff
Tel: (0131 6)50 2796
Email: Jens.Hagendorff@ed.ac.uk |
Course secretary | Miss Rachel Allan
Tel: (0131 6)51 3757
Email: Rachel.Allan@ed.ac.uk |
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