Hedge Fund Strategies Program – Curriculum
Curriculum Orientation
The curriculum is designed to develop advanced analytical capability in the evaluation of hedge fund strategies, risk frameworks, and portfolio construction methods. Instruction reflects institutional practice across fundamental, systematic, macro, and multi strategy approaches.
Curriculum Structure
The curriculum is delivered online through twelve structured modules. Modules progress from foundational strategy classification to integrated portfolio and risk analysis.
Curriculum Modules
Module 1
- Hedge funds as an institutional investment category
- Strategy group classification
- Economic role in portfolios
- Investor structures
- Structural and regulatory context
Module 2
- Return drivers and market structure
- Sources of return
- Factor concepts
- Market behavior
- Economic influences on strategy performance
Module 3
- Fundamental hedge fund strategies
- Security selection processes
- Catalyst identification
- Valuation discipline
- Strategy specific risk considerations
Module 4
- Systematic and quantitative strategies
- Signal development
- Model construction principles
- Rule based portfolio design
- Scenario evaluation
Module 5
- Relative value and event driven approaches
- Arbitrage frameworks
- Spread and mispricing analysis
- Event dynamics
- Risk management considerations
Module 6
- Macro strategies
- Interest rate analysis
- Currency markets
- Commodity exposure
- Global macroeconomic linkages
Module 7
- Portfolio construction principles
- Position sizing discipline
- Diversification logic
- Leverage considerations
- Risk budgeting frameworks
Module 8
- Risk frameworks
- Volatility and drawdown analysis
- Correlation dynamics
- Stress testing
- Scenario based risk assessment
Module 9
- Liquidity and market structure
- Liquidity assessment
- Execution considerations
- Market regime effects
- Portfolio level implications
Module 10
- Performance evaluation
- Return attribution
- Benchmarking challenges
- Outcome interpretation
- Risk adjusted performance analysis
Module 11
- Capital allocation decisions
- Strategy mix design
- Scaling and capacity constraints
- Institutional allocation preferences
- Portfolio role of hedge funds
Module 12
- Integrated hedge fund case
- Multi strategy evaluation
- Risk framework construction
- Portfolio design
- Performance assessment and judgment
Assessment Orientation
Evaluation is based on structured analytical work, risk modeling exercises, and an integrated portfolio case aligned with the Institute’s certification standards.
Capability Outcomes
Participants completing the curriculum develop the ability to:
- Evaluate hedge fund strategies using disciplined analytical frameworks
- Assess and manage portfolio level risk
- Design structured multi strategy portfolios
- Interpret return drivers and performance outcomes
- Apply institutional standards to capital allocation decisions