CORPORATE TREASURY STREAM
FI0250 Advanced Corporate Finance (Prer.: FI0201)
This course builds on the Corporate Finance and Valuation course to examine the way companies raise debt and equity capital both in private and global capital markets, mergers and acquisitions, and corporate restructuring. The relationships between the interests of corporate managers, shareholders and lenders, as well as issues of corporate governance, are an important part of the course content.
FI0600 Corporate Treasury Management (Prer.: FI0201)
This course applies the modern theory of Finance to the management of the corporation's short-term assets and liabilities. It discusses working capital management, short-term borrowing and investment strategies, as well as corporate risk management. Topics covered under these headings include: optimal inventory management, trade credit and the management of credit risk, optimal cash management, the choice between private and public funding, different forms of bank borrowing sources and their use, the measurement and management of accounting, transactions and economic exposure, multinational working capital management, financing of foreign operations, interest rate and currency swaps, interest rate and currency options, capital budgeting and the cost of capital for multinationals and the measurement and management of political risk.
INVESTMENTS STREAM
FI0360 Advanced Equity Analysis and Portfolio Management (Prer.: FI0351)
This course examines critically the role of modern portfolio theory and asset pricing models in practical equity management. It examines in depth the issue of time series and cross sectional predictability of equity returns and its implications for active and passive equity portfolio management. The course covers equity risk management, active portfolio construction and index fund investment management, tactical and strategic asset allocation strategies, security selection, international portfolio management, hedge funds, performance measurement and attribution.
FI0850 Fixed Income Analysis and Portfolio Management (Prer.: FI0351)
The aim of this course is to provide students with a thorough understanding of fixed income instruments and bond portfolio management. It covers the theories of the term structure, estimation of the term structure of interest rates (spot and forward), passive bond portfolio strategies (immunization, cash flow matching, contingent immunization, bond index funds), active portfolio strategies (interest rate forecasting, bullet, barbell and ladder strategies), bond portfolio risk management (single duration, convexity, and multi-factor models of the term structure of interest rates).