EDHEC’s Advanced Fixed-Income Investing Seminar
Title: EDHEC’s Advanced Fixed-Income Investing Seminar
Publication Date: 7 April 2009
EDHEC Asset Management Education organizes the Advanced Fixed-Income Investing Seminar, London 7-9 July 2009.
The credit crisis, stock market downturn, and economic slowdown have pushed credit spreads to historic highs and caused interest rates to fall sharply. This provides investors with extremely interesting opportunities, but also poses serious challenges in terms of optimal passive and active exposure to interest rate and credit risks.
Credit spreads are expected to narrow again but it is highly uncertain when and how this will take place. Economic stimulus packages will eventually result in increases in long term rates. Last but not least, the fundamental scarcity of natural resources and political pressure on central banks justify inflation fears for the medium to long term.
In this new environment, there is a clear and pressing need for investors and asset managers to better understand the tools that can be used to optimize investment in fixed-income products and manage associated risks.
This seminar is designed to equip participants with the state-of-the-art techniques to manage interest rate and credit risks, to seize current opportunities in the fixed-income market, and to hedge the risks associated with an unstable credit and interest rate environment.
The seminar will notably cover the following topics
- Measurement, modeling and hedging of interest rate risks
- Dynamic core-satellite strategies for fixed-income portfolios
- Optimal substitution of treasury bonds with corporate bonds
- Yield curve strategies based on market timing and arbitrage
- Structured products and strategy-linked notes
- Credit markets and instruments
- Credit risk modeling and portfolio credit risk management
- Credit curve and CDS-cash basis trading strategies
- Debt-equity arbitrage using CDS
- CDS index strategies
This exclusive seminar is designed and delivered by three leading experts in the field of fixed-income investing. All three have authored reference texts on fixed-income and credit and enjoy established reputations for bringing together academic expertise and industry experience.
Senior Instructors
Lionel Martellini, PhD is Professor of Finance at EDHEC Business School and Scientific Director of the EDHEC Risk and Asset Management Research Centre. He is an expert in risk management, asset allocation, and fixed-income securities. He has co-authored reference texts on fixed-income management.
Philippe Priaulet, PhD has fifteen years of experience in fixed-income investing, derivatives pricing and hedging. He is Associate Professor of Finance at the Univeristy of Evry. He has co-authored reference texts on fixed-income management.
Dominic O’Kane, PhD has close to fifteen years of experience in fixed-income investing and credit derivatives. He is Affiliate Professor of Finance at EDHEC Business School. He is the author of a reference text on credit derivatives modelling.
The seminar will enable you to
- Measure the impact of changes in interest rates and credit spreads on fixed-income portfolios
- Model changes in interest rates and credit spreads
- Hedge away the impact of such changes from both an asset management and an asset-liability management standpoint
- Understand sophisticated fixed-income and credit products
- Optimize the exposure of bond portfolios to interest-rate and credit spread changes
- Implement market timing and arbitrage strategies to benefit from expected changes in the interest rate and credit environments
The program is intended for investment management professionals who advise on or participate in the design and implementation of asset allocation policies and fixed-income and credit strategies.
Ways to register
- Book a seat online at:
http://www.store.edhec-risk.com
- E-mail your details to
melanie.ruiz@edhec-risk.com
- Call us at +33 (0)4 93 18 78 19
Register before May 8 to benefit from a €900 early bird discount.
EDHEC Asset Management Education
393-400 promenade des Anglais
P.O. Box 3116
06202 Nice Cedex 3 - France
Tel. +33 (0)4 93 18 78 19
Fax +33 (0)4 93 18 45 54
www.edhec-risk.com
AMeducation@edhec-risk.com