Highlights and Key Outcomes
In Investment Strategies and Portfolio Management, you will:
- Receive new tools and techniques for creating profitable investment portfolios
- Critically evaluate investment managers using the latest research
- Gain a deeper understanding of how to account for financial risk, including the impact of unforeseen small-probability events like pandemics
- Learn how to assess the stock market’s reactions to events using behavioral finance principles
- Get an expert view of the predicted length and shape of an economic recovery
- Understand the macroeconomic outlook both in the U.S. and globally
Experience & Impact
The once-in-a-century occurrence of a global pandemic has thrown an unexpected degree of volatility into the financial markets leading to greater investment uncertainty in numerous sectors. This is a time when much more is needed than conventional investing wisdom. Investment Strategies and Portfolio Management provides financial professionals with a powerful new strategic approach based on the latest Wharton research. In this program, Wharton faculty, who are world-class thought leaders in the world of finance, will explore a wide variety of investing topics — from enhanced portfolio theory to bond management, from hedge funds to private equity — all against the backdrop of the seismic changes the pandemic has wrought across the U.S. and global economies.
Participants will acquire the latest tools and techniques for designing optimal investment portfolios that serve people’s needs. You will also learn to effectively evaluate investment management options using newly available research data. Find out how investment managers are currently rated, what variables are used to assess their skills, and how to weigh these factors against the fees they charge. This is essential knowledge both for investors and for investment management firms looking to hire managers.
Risk management is a key topic in this program, including an analysis of small-probability, disaster-type events such as the global pandemic. Wharton professors will delve into why the standard measure of risk, often called volatility, is insufficient given the events the world has seen in 2020. They will discuss what is known as tail risk — extremely bad, infrequent occurrences — and describe how investment professionals can pick up early indicators and better manage such events.
You will also learn about behavioral finance, including how investors and the public tend to respond to unusual occurrences. Examine the market’s reaction to COVID-19 as compared, for example, to the typical reaction to excessive seasonal flu deaths. Behavioral finance can help investors better understand and anticipate dramatic increases or drops in stock prices.
Participants will expand their horizons when it comes to the macroeconomic outlook and policy uncertainty. What shape will the recovery most likely take? Where should you put your money when COVID-19 is deferentially affecting various regions? What are the international considerations as far as monetary policy and central banks? All of these questions, and more, will be discussed.
Balancing the historical with the visionary — yet practical above all — this program enables you to access the best minds in finance so you can steer with confidence through this uniquely challenging time.
Session topics include:
- The Asset Menu
- Enhanced Portfolio Theory
- Performance Measurement vs. Skill
- Evaluating and Rating Managers: Case
- Behavioral Finance
- Bond Management
- Stock Markets vs. Bond Markets: Case
- Advanced Asset Allocation
- Risk Management
- Private Equity
- International Markets
- Macroeconomic Outlook
- Hedge Funds
- Real Estate
Convince Your Supervisor
Here’s a justification letter you can edit and send to your supervisor to help you make the case for attending this Wharton program.
Due to our application review period, applications submitted after 12:00 p.m. ET on Friday for programs beginning the following Monday may not be processed in time to grant admission. Applicants will be contacted by a member of our Client Relations Team to discuss options for future programs and dates.
Who Should Attend
Investment Strategies and Portfolio Management provides invaluable insights to different types of finance professionals and investment services providers. Specifically, this program is ideal for:
- Chief investment officers, asset managers, and investment analysts
- Portfolio managers for pension funds, sovereign wealth funds, institutional investors
- Family office representatives and other private wealth advisors to ultra-high-net-worth individuals and families
- High-net-worth individuals who manage their own investments or wish to become more knowledgeable on how to work with professional money managers
- CPAs, attorneys, and other professionals who advise institutional investors
- Employees of insurance companies
- Commercial bank employees with portfolio management responsibilities
Participants by Industry
Participants by Job Function
Participants by Region
To further leverage the value and impact of this program, we encourage companies to send cross-functional teams of executives to Wharton. We offer group enrollment benefits to companies sending four or more participants.
David B. Ford Professor; Professor of Real Estate; Professor of Business Economics and Public Policy; Chairperson, Real Estate Department, The Wharton School
Research Interests: Commercial real estate and real estate investment trusts, real estate and public economics, risk and pricing in housing markets, taxation of real estate and capital gains
Christopher Quinley Liang & Quinley Wealth Management
“I recently was named responsible for the asset management area for my bank. I came to Wharton to gain more understanding about asset management and investment strategy. The asset management market in Brazil is huge (more than $1.5 trillion USD) and very sophisticated, but most of the assets are Brazilian-based. However, the demand for international assets has been growing a lot and we need to be able to manage those types of assets. In addition, more global competition is coming to Brazil and we need to differentiate ourselves and understand all kinds of investment strategy that make more sense to our clients.
Wharton’s program has given me a much better understanding of the global market for asset management, even more in this volatile environment. The hedge fund session with Professor Chris Geczy was a major highlight. The tools he gave me for analyzing a hedge fund were very useful. Most of our funds are fixed income and equity. But the markets will change for more complex funds.
Itau Asset Management is one of the biggest asset managers in Brazil (16.5 percent of market share). Today, 90 percent of our portfolio is Brazilian-focused. We are expanding our presence in New York and are preparing to have more international assets in our funds. Wharton gave some great examples on how we can diversify our portfolio to expand our capacity beyond Brazilian assets.”
Fernando Beyruti Managing Director & Co-Head, Itau Asset Management, Brazil
“For me, as a professional asset manager, Wharton’s Investment Strategies and Portfolio Management is definitely a much-needed refresh with a balanced risk and return perspective. The professors share high-level insights, and also engage us with interactive discussions and practical illustration. This helped to elevate my understanding of the new paradigm and gave me focused, time-tested techniques in investment strategies and portfolio management.
After the program, all participants obtained not only the fundamental rationale behind sound asset allocation decisions, but also the advanced technique to manage and evaluate attributed performance on each unique asset class. Now, I am exposed to new ideas that I can apply to foster fund-strategy innovation and improve my fund’s investment performance going forward.”
Johan Sidik Chief Investment Officer, Generali Life Insurance Indonesia
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