Performance Measurement
24 Apr 2012 London
Register now and take advantge of our Early Bird Promotion!
This one day training has been designed for anyone who needs to understand the fundamentals of measuring investment performance.
The course explores all aspects of performance measurement including the calculation of returns, impact of different benchmarks and adjusting performance for risk taken. Through the analysis of the best current industry practice you will learn how to set up, maintain and improve performance measurement systems within your organisation.
By the end of this course you will be able to:
- Calculate money and time weighted returns
- Understand the benchmarks and indices and use them to measure performance
- Calculate and measure risk
- Track errors in performance
- Apply portfolio attribution
- Understand and apply Global Investment Performance Standards
- Present performance results prepare reports
Who should attend?
Professionals who need to understand and calculate financial performance from the following types of institutions and departments:
- Corporates
- Business Valuation
- Portfolio Management
- Investment Management
- Equity Sales & Research
- Fund Management
- Pension Funds
- Insurance
- Institutional Investors
- Banking
Teaching Method
- The content of this course is highly practical and build around case studies and exercises to equip you with the financial statement reading and calculating skills set on completion.
- Small groups (between 6-15 people) allow you to interact with the trainer and other participants and ask as many questions as you want.*
- If required, you will receive some support after the course completion.
- In order to help us establish your individual and business concerns you will be asked to fill pre-course questionnaire.
- You will benefit from a comprehensive take away course documentation.
* We reserve the right to accept up to 20 people per class.
Because of the practical nature of the course the number of places is limited and will be filled on first come, first accepted basis. We advise to book in advance in order to avoid disappointment.
Delegates are requested to bring calculators.
Performance Measurement - A One Day Programme
Calculating returns
- The fundamentals of calculating returns
- Money weighted returns
- Time weighted returns
- Unit pricing
- Dealing with currencies and fees
The use of benchmarks
- Relative and absolute benchmarks and their treatment
- Indices and composite indices, how are they constructed?
- How to chose peer groups, does it make a difference?
- Calculating excess returns
Calculating risk
- Defining risk
- The various measures of risk
- Absolute risk measures
- Relative risk measures
- Downside risk measures
Portfolio attribution
- Fama decomposition calculation
- Portfolio attribution calculation
Presenting performance
- Global Investment Performance Standards (“GIPS”)
- Other presentation issues
Mike Corless
The course director is a qualified chartered accountant who begun his career in Grant Thornton International and since 1986 worked in Ernst & Young as a senior manager in the corporate advisory team, working on major acquisitions, disposals, IPOs and insolvency/restructuring transactions.
In 1989 he joined Threadneedle Asset Management as an analyst, becoming a fund manager specialising in income funds in 1991. In 1996 he joined Scottish Widows Investment Partnership as a director in the UK Equity team, again specialising in income funds. On becoming head of UK Equities in 1998, he introduced a new investment process incorporating cash flow based corporate valuation techniques. In 2000 he was appointed head of UK Equities when Scottish Widows was acquired by Lloyds Bank and he led the integration of the UK Equity teams.
In 2001 he joined HSBC Asset Management as European Head of Equity Research, managing a team of analysts in Paris and London tasked with developing a new research team and research process.In 2004 he was appointed Global Head of Equity Research, responsible for 60 global equity research analysts and 40 global credit analysts. He developed a global valuation and research process, training local analysts in Europe, the US and Asia in its use.
In 2006 he joined BG Consulting Group, a professional training company, as the head of investment banking and investment management managing a team of 12 trainers. His experience at BG included managing major graduate programmes for investment banking and investment management clients, training graduate to managing director level participants and advising clients on their training requirements for accountancy, corporate finance and valuation, investment management and private wealth training.
His clients have included HSBC, Morgan Stanley, Deutsche Bank, Citigroup, Allen & Overy, JP Morgan, Barclays Bank, Barclays Wealth, Morgan Stanley Investment Management and Schroders.
24 April 2012 London
Early Bird Promotion until 9 of March - £795 + VAT
Regular price £950 + VAT
- 3 people - 10% discount. Delegates have to be from the same company and register at the same time.
- Only up to 2 discounts can be claimed at any given time.
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IN-HOUSE TRAINING
If you have a team of 5 or more this course can be customised and organised in-house at your convenience. Contact one of our advisors to find out more.
Call us now on +44 (0) 207 993 8597
or send an e-mail to
enquiry@eurekafinancial.com
