Fund Management Masterclass

Course description

Fund and asset management is a large and varied business. There are a huge number of funds and investment styles with many nuances.  Understanding how funds are designed and the activities involved in supporting the overall process can be hard to grasp. Conducted by a senior City expert this practical course is designed to assist those who are new to the field and who wish to gain a good knowledge and understanding about the essential elements of this important activity in wealth creation and investment.  We also include information about sustainable financing in line with ESG ideals.  We describe how funds are structured and the differing types that exist.  We look at the role of the fund manager and the impact of regulation.

Attend this programme to learn about the fund fundamentals, their structure and types, the role of fund managers, decision making process, providing client services, portfolio theory and asset allocation strategies, regulations impacting the sector as well as different investment strategies and elements impacting the sector.

The programme is relevant for professionals in any geographical location though UK and European regulations and structures are discussed.

What will you learn

By the end of this programme you will:

  • Gain a good understanding if the fund management industry
  • Learn about the different types of funds and their structures
  • Explore different investment strategies and explain some of the theory behind portfolio creation
  • Discover how funds are administered and understand the supporting operational processes used
  • Identify the main roles and responsibilities
  • Explore the future impacts on the fund management business with a particular focus on ethical and green investments

You may be also interested in: 

Register for any 2 courses at the same time and safe extra £100 (in total, not per course)


Main topics covered during this training

  • Overview of the investment management industry
  • Characteristics of different asset classes
  • The decision-making process
  • The role and responsibility of the fund manager
  • Design, marketing, specification and monitoring
  • Tactical asset allocation and diversification
  • Addressing investment risk
  • Balancing portfolios
  • Approaches to fund management: investment strategies, passive vs active and more
  • Types of funds and their structures
  • Client services: documentation and reporting
  • How are funds regulated and controlled
  • Investing in funds
  • Socially responsible investment and ESG – environment, social and governance drivers
  • Taxation
  • Present and future impacts on fund management

Who should attend

  • New joiners in a fund management environment
  • Staff in wealth management firms
  • Investment professionals
  • Operations specialists
  • Risk managers
  • Compliance staff
  • Those holding client facing roles

Fund Management Masterclass

SESSION ONE

Overview of the investment management industry

  • What fund management is all about
  • Investment managers and their objectives
  • Institutional investors
  • Asset management
  • Wealth managers and advisors
  • Robo advisors

Characteristics of different asset classes

  • Bonds, equities, cash, property, derivatives, alternatives

The decision-making process

  • The role and responsibility of the fund manager
  • Design, marketing, specification and monitoring
  • Diversification
  • Tactical asset allocation
  • Addressing investment risk
  • Portfolio review
  • Balancing portfolios

Approaches to fund management

  • Investment strategies
  • Passive or active management, index tracking, value investing
  • Portfolio theory
  • Efficient markets hypothesis

Types of funds and their structures

  • Open and closed ended funds
  • Collective investment schemes
  • Rationale and benefits
  • Advantages and drawbacks
  • Unit trusts, OEICs, Investment trusts, Exchange Traded Funds, UCITS, Structured Products
  • Fund examples discussions – real cases

Hedge funds

  • What kinds of strategies are employed?
  • Benefits and risks with hedge funds

Other types of funds – e.g. REITs, commodity plus private equity

SESSION TWO

Client services

  • Documentation
  • Reporting to clients

Fund administration

  • Who is involved?
  • The various participants and supporting functions
  • The Role of the Authorised Fund Manager (AFM)
  • Pricing and income

Detailed fund operations

  • Net Asset Value (NAV) calculation
  • Buying and selling fund units
  • Distribution of income
  • Using fund platforms
  • Transfer of title, the use of Transfer Agents
  • The application of technology and automation
  • Data challenges
  • Outsourcing and associated issues
  • The rise of Fintech

How are funds regulated and controlled?

  • FCA, protection against financial crime
  • EU directives and influences
  • Regulatory influences
  • Compliance in asset management
  • Industry bodies – The Investment Association

SESSION THREE

Investing in funds

  • Objectives – short or long-term – passive, active, value, growth, momentum
  • Investment strategies
  • SRI – Socially responsible investment
  • ESG – environment, social and governance drivers
  • Analysing funds and their selection
  • Performance management
  • Using performance benchmarks
  • Alpha and Beta measures

Taxation

  • Corporation tax, Capital Gains tax and Income tax
  • Other taxes, VAT, overseas taxes, Stamp Duty
  • Implications for investors
  • HMRC reporting

Present and future impacts on fund management

  • Issues facing fund managers
  • Regulation and current FCA themes
  • Green and ethical investment

Risks with funds

  • Defining risks and their sources
  • Risks in fund operations
  • Case studies

 

Trainer

The Course Director has over 40 years’ international experience of financial markets. He specialises in the securities and derivatives industry, with particular expertise in the establishment of new markets, trading, operations, regulation, risk management, corporate governance, clearing and settlement. He has substantial executive experience with clearing houses, exchanges, international markets and in the management of IT. He works extensively with international clients including banks, central banks, asset managers, brokers, custodians, service providers and exchanges.

He has deep derivatives and securities experience and is recognised as a leading authority in the field of operations, investment and risk management. He has taught students leading to the CISI Diploma in Global Operations Management for fifteen years.

The Course Director is an expert on derivatives, commodities, foreign exchange, fixed income and equities and has contributed to and led many projects to introduce new exchanges. He has also presented product training courses around the world covering the utilisation of these various asset classes in investment portfolios and the market disciplines associated including risk management approaches’. Alan regularly provides education on all aspects of investment operations including trading, settlement, custody and asset servicing for examination and general educational purposes.

Following 20 successful years with ICCH (now LCH.Clearnet) until 1992 during which he was Chief Executive in Hong Kong and Executive Director in London, he joined MEFF, the Spanish Financial Futures Exchange, as its International Director. Today he is an independent advisor offering a broad range of professional services, which include consulting, management, training and expert witness work.

Alan is a Chartered Fellow of the Chartered Institute for Securities & Investment (Chartered FCSI). He is a CISI accredited trainer and examiner.

He is Chairman of the CISI Risk Forum and Deputy Chairman of the CISI Operations Forum.

 

FAQ

We offer banking and finance courses as well as soft skills and business management training. You can either attend an open public course in London or Dubai or arrange customised in-house training to be delivered in any of your offices worldwide.

Most of our public courses are run over 2 full days. Some programmes are offered as a 1 or 3 day training.

In-house training is tailored to client’s requirements and can be organised over 1 day, 2-3 weeks or longer.

Public courses are organised mainly in London and Dubai. Occasionally we organise courses in other centres like Paris or New York. Check our public course calendar for the current list of programmes. We use a range of training venues, all in the centre of the cities and with excellent transport links to the airports and train stations.

In London we use venues in the centre (near Oxford Circus station or in Mayfair) or in the City (near Liverpool Street or Moorgate stations).

In Dubai our courses are organised in one of 4-5* hotels in the Deira district. Once you register we will send you detailed information together with accommodation options if required.

Our in-house courses can be delivered anywhere in the world. We work with over 25 trainers worldwide. Contact us do discuss your requirements. Check our list of available programmes.

Our courses are run in central locations from 9 a.m until 5-5.30 p.m. There are 2 coffee breaks and a lunch break. Lunch is always provided in the venue.

Dress code is smart casual.

All our programmes are taught by senior specialists who have spent many years in their respective sectors, working as senior managers and head of departments, so they understand very well the market and the challenges you are facing.

The experience of our trainers allows us to create very practical programmes, focused on current market trends and challenges. You can be sure that you will gain the knowledge which can be instantly applied in your workplace after the course. You will be analysing real life case studies, take part in group exercises and discussions as well as role plays, whenever applicable.

We want our courses to be as practical and interactive as possible so we limit the number of participants in order to optimise your time with the trainer and allow you to ask questions which are important for you.

In order to understand your requirements and expectations, we will send you a pre-course questionnaire.

You will also receive post-course support so if you have any questions after you left the training, you are welcome to contact us.

There are 2 easy ways to register:

  1. Go to the course of your choice and click Register Now button to fill the registration page
  2. Email us to enquiry@eurekafinancial.com

After you register, we will send you registration confirmation and an invoice so you can arrange the payment. Please note that your place is not confirmed until we receive it.

If you register within Early Bird discount period, there’s limited time to arrange the payment in order to be eligible for the discount. You will find all the details on the invoice.

We don’t advise to make any travel and hotel arrangements until you receive full course confirmation from us.

We will send you venue and course details as soon as possible but most likely about 3-4 weeks prior to the course commencement.

You can pay by:

  • Making a bank transfer
  • Debit/credit card
  • Cheque payable to Eureka Financial Ltd. - only within UK

Just mark preferred paying option on the registration form. Whichever form of payment you choose we will always send you an invoice.

If you pay by card, a 2.2% processing fee will be added. We will send you authorisation form so you can give us your card details.

Included in the price of a public course are:

  • Course tutorial
  • Take away course materials
  • Course Certificate
  • Lunch on the days of the training as well as drinks and snacks throughout the course

The price doesn’t include accommodation, flights, transfers and any additional costs outside of the training venue.

Yes, we always offer Early Bird discount, so the sooner you register the more savings you can make. We also offer group discounts and if you register for 2 or more programmes at the same time.

If you are a full time student or unemployed, we offer a 25% discount of the full price of the training. Student ID or unemployment status confirmation is required to claim this discount.

If you attend one of our courses you will be entitled to a special discount for a year after the last course you attend with us. Also, if you have attended and recommended us to a friend, both you and your friend will receive a special discount. You will receive more information about it after you attend the course.

See our Customer Loyalty Discounts page for more details.

All our courses based in the UK are subject to the VAT charge of 20%. This fee is irrespective of the country of residence of the delegates.

You can, however, claim the VAT back by contacting UK tax office - HMRC, and filling the relevant form, as long as you comply with the following rules:

For Delegates coming from the EU countries

If you represent a registered business in another EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:

  • You're not registered for VAT in the UK and don't have to, or can't be, registered here
  • You don't have a place of business or a residence in the UK
  • You don't make any supplies in the UK

You can find some more information here. In order to claim the VAT you have to fill Form 65.

For the Delegates from Non EU countries

If you represent a registered business in a non-EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:

  • You're not registered for VAT in the UK and don't have to, or can't be, registered here
  • You don't have a place of business or a residence in the EU
  • You can only use the Refund Scheme if your own country operates a similar scheme and makes it available to UK businesses. If your country has its own Refund Scheme but doesn't let UK businesses use it, you can't claim under the UK Refund Scheme.
  • You don't make any supplies in the UK

If the following rules apply to you, please fill the 65A form and send it to HMRC.

Webinars

You can cancel your participation up to a month before the course and receive a refund minus 10% of the full course value. Between 2-4 weeks before the course you will be charged 50% cancellation fee and if you cancel less than 2 weeks before the course you can only offer your place to a colleague. Up to 2 weeks before the course you can reregister for another edition for 10% reregistration fee if there is another webinar offered or you can rebook for a course in London by paying the difference in price plus 10% reregistration fee.

Classroom Courses

If there is any official travel restriction or difficulty related to the COVID pandemic around the time of the course we will convert the training into a webinar or offer to attend the next classroom edition at no extra cost.

If you are unable to attend the course, you can either send a replacement at no extra charge or, up to 10 days before the training, you can transfer your booking to another edition within the next 6 months paying administrative fee of 20% of the full course price. For any cancellation requests received between 11 days and 4 weeks from the course we offer 50% refund or reregistration to another edition for 25% of the value of the booking. For any cancellation requests received more than 4 weeks before the course date we will offer a refund less an administration fee of 10% of the full course price.

Cancellations must be made in writing (letter or email) and reach our office four weeks prior to the course date. We regret that only limited refunds can be given after this period as per points above. Non-attendance without any notification will be charged at full rate. Your place on a course is not guaranteed until we receive the payment. All payments must be made in full before the course date.

All our trainers have been working for many years in their respective sectors before they begun to teach so they bring a wealth of practical experience to the classroom.

Most of them used to work for 15 or more years in the financial sector and corporate world, and were holding positions of Directors, VP and Senior Managers. Some of them have published books and have written articles for specialised magazines and newspapers including FT, The Independent, The Times etc. You can find detailed biography of each trainer on the page of the course you want to register for.

Yes, you will receive a Certificate of Attendance at the end of the course you attend.

If you have to apply for a Visa to attend a course in the UK, we will issue a letter to support your application. The letter will be issued only after the payment for the course has been made.

It is delegate’s responsibility to obtain a Visa and failure to do so will not make the participant exempt from the cancellation policy.

Anyone suspected of applying for a training course simply to gain a Visa letter will be reported to their embassy.

We will need the following information to issue an invitation letter:

  • Full name as it appears on your passport
  • Date of birth
  • Passport number
  • Passport issue date
  • Passport expiry date

This topic can be arranged on in-company basis. If you have a group of 4 or more we can customise it and deliver in any location worldwide. Contact us to discuss your requirements

WHAT PAST DELEGATES SAY

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