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Hedge Funds

  • ITEM SKU
    8385
  • CPE Hours
    16
  • Full Course Price
    $109.50
Exam Questions: 80
Course Level: Basic
Pages: 390 | Content: 352, Supplemental: 38
NASBA Area of Study: Management Services
Not Acceptable for: Enrolled Agents
Version: 8385

Hedge funds use pooled funds to focus on high-risk, high-return investments. This course discusses the diversity of hedge funds, their pros and cons, and their potentially lucrative role as part of a balanced portfolio. It outlines how to build a hedge fund strategy based on tested techniques and the latest market data, plus how to choose funds that make the most sense for a particular given situation. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Hedge Funds: Alternative Assets and Alternative Strategies
  • Not Just a Sleeping Aid: Analyzing SEC Registration
  • How to Buy into a Hedge Fund
  • Using Hedge-Fund Strategies without the Hedge Funds
  • Hedging through Research and Asset Selection
  • Calculating Investment Risk and Return
  • Buying Low, Selling High: Using Arbitrage in Hedge Funds
  • Short-Selling, Leveraging, and Other Equity Strategies
  • Observing How Hedge Funds Profit from the Corporate Life Cycle
  • Macro Funds: Looking for Global Trends
  • Fitting Alternatives into a Portfolio
  • Examining How Hedge Funds are Structured
  • But Will You Make Money? Evaluating Hedge Fund Performance
  • You Want your Money When? Balancing Time and Liquidity
  • Taxes, Responsibilities, Transparency, and Other Investment Considerations
  • Hooking onto Other Types of Hedge Funds
  • Hiring a Consultant to Help You with Hedge Funds
  • Doing Due Diligence on a Hedge Fund
Objectives
  • To recall the types of fees associated with hedge funds
  • To recall the characteristics of an accredited investor
  • To identify how hedge funds are priced
  • To recall the various types of options that are available to investors
  • To recognize examples of alternative investments
  • To recall the single most significant risk that most investors face
  • To identify the characteristics of various forms of arbitrage
  • To recognize the characteristics of large cap funds
  • To recall the least risky stage of venture capital
  • To recognize how the Federal Reserve Bank works
  • To recall the characteristics of various financial assets
  • To identify the role that limited partners play in hedge funds
  • To recall the characteristics of the various methods used to evaluate hedge fund performance
  • To recognize the features of permanent funds
  • To recall the tax treatment of capital gains
  • To recall the primary goal of a multi-manager fund of funds in hedge fund investing
  • To recognize the purpose of sending out a Request for Proposal (RFP) when investing in hedge funds
  • To recall the details of various hedge fund horror stories

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.