This is a course is designed for students interested in careers in investment management. Students are required to have taken Valuation in Financial Markets (GBUS 752) and Investments (GBUS 8444) prior to taking this course. The objective of the course is to help students develop the analytical tools and insight necessary to manage an investment portfolio. The focus of the course will be developing and implementing an investment strategy. Throughout the course, students will learn the institutional details of the money-management industry (mutual funds, pension funds and hedge funds), examine a variety of different investment strategies (fundamental, quantitative, behavioral, etc.), and examine the impact of market frictions (liquidity, trading/transaction costs, short-selling constraints, etc.) on performance. The course consists of readings, case studies, exercises, guest lecturers, and the development and presentation of an investment strategy.


Academic course objectives:


         Introduce students to the theory and practice of portfolio management

         Expose students to a variety of different investment strategies including quantitative models, fundamental analysis, behavioral finance and long-short strategies

         Help students to understand the impact of real world frictions (trading costs, short-selling constraints, etc.) on the design of their portfolios

         Enable students to develop and implement their own investment strategy