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Certified Hedge Fund Manager

VS-1039
Certified Hedge Fund Manager
www.vskills.in



Certified Certified Certified Certified Hedge Fund Manager Hedge Fund Manager Hedge Fund Manager Hedge Fund Manager

Certification Code Certification Code Certification Code Certification Code VS-1039
The responsibility of a Hedge fund anager is to run all or part of a hedge fund! "ith the
goal of a#ii$ing return% & hedge fund anager is priarily in'ol'ed in ta(ing decision
on a "ide range of financial assets - fro corporate bonds to stoc(s to currencies% Hedge
fund as a career is considered one of the ost desirable paths in the finance field and is
one of the ost e#hilarating careers%
)hy should one ta(e this ce )hy should one ta(e this ce )hy should one ta(e this ce )hy should one ta(e this certification* rtification* rtification* rtification*
Vs(ills Certification in Hedge Funds is for those candidates loo(ing for opportunities in
this field% Vs(ills certification significantly ipro'es the chances of getting the desired role
and is an additional (no"ledge for the candidate% This certification can be ta(en by
candidates loo(ing for ne" +ob opportunities or prootion or siply to assess their s(ills%
The Certification helps in de'eloping strong doain (no"ledge! focuses on details!
inculcates deep in'esting and finance (no"ledge and helps de'elop re,uisite ,uantitati'e
and legal s(ills%
)ho "ill benefit fro ta(ing this certification* )ho "ill benefit fro ta(ing this certification* )ho "ill benefit fro ta(ing this certification* )ho "ill benefit fro ta(ing this certification*
Vs(ills Certification in hedge funds is for candidates "ho are "ell-prepared and enthusiastic
about entering the field and candidates "ho "ish to ipro'e their s(ill set and a(e their
CV stronger% The Certification also assists the e#isting eployees loo(ing for a better role
and pro'es their eployers the 'alue of their s(ills%
Test -etails. Test -etails. Test -etails. Test -etails.
• -uration. -uration. -uration. -uration. /0 inutes
• 0o% of ,uestions. 0o% of ,uestions. 0o% of ,uestions. 0o% of ,uestions. 10
• Ma#iu ar(s. Ma#iu ar(s. Ma#iu ar(s. Ma#iu ar(s. 10! 2assing ar(s. 31 410567 There is no negati'e ar(ing in
this odule%

Fee Structure. Fee Structure. Fee Structure. Fee Structure.
8s% 3!0009- 4:ncludes all ta#es6


Certified Hedge Fund Manager
www.vskills.in

Copanies that hire Copanies that hire Copanies that hire Copanies that hire Vs(ills Vs(ills Vs(ills Vs(ills Certified Hedge Fund Manager Certified Hedge Fund Manager Certified Hedge Fund Manager Certified Hedge Fund Manager

Vs(ills Certified Coercial ;an(er finds eployent in big or sall hedge fund
copanies as a +unior trader! strategist! analyst! ris( anager and in 'arious other
adinistrati'e roles% Copanies contact us on a regular basis! and "e for"ard the a list of
our certified candidates! and the candidates are highly in deand% This is a classic area in
"hich to pursue a self directed +ob search as "ell%
Certified Hedge Fund Manager
www.vskills.in



Table of Content



1% 1% 1% 1% :ntroduction to Hedge Fund :ntroduction to Hedge Fund :ntroduction to Hedge Fund :ntroduction to Hedge Fund
1.1 Equity Funds
1.2 Arbitrage Funds
1.3 Directional Funds
1.4 Event-Driven Approach

3% 3% 3% 3% 2layer and 2articipants 2layer and 2articipants 2layer and 2articipants 2layer and 2articipants
2.1 Description about Players in the Market

3% 3% 3% 3% F FF Funds unds unds unds- -- -of of of of- -- -Funds Funds Funds Funds
3.1 Outlook
3.2 Structured Products
3.3 Multi-Strategy Vs Funds-of-Funds

<% <% <% <% 8egulations of Hedge Funds 8egulations of Hedge Funds 8egulations of Hedge Funds 8egulations of Hedge Funds
4.1 Supervision Approach
4.2 Structure of Hedge Funds
4.3 Primary Brokers
4.4 Risk Management

1% 1% 1% 1% 2ros and Cons of Hedge Funds 2ros and Cons of Hedge Funds 2ros and Cons of Hedge Funds 2ros and Cons of Hedge Funds
5.1 Role of Hedge Funds
5.2 Investor Return
5.3 Bell Curve of Returns

/% /% /% /% Future of Hedge Funds Future of Hedge Funds Future of Hedge Funds Future of Hedge Funds
6.1 Consolidation
6.2 130-130 Funds
6.3 Permanent/Fixed Capital
6.4 Fees and Cloning
6.5 Strategies for Future
6.6 Growth opportunities
Certified Hedge Fund Manager
www.vskills.in



Course =utline Course =utline Course =utline Course =utline


1% 1% 1% 1% :ntroduction :ntroduction :ntroduction :ntroduction to Hedge Fund to Hedge Fund to Hedge Fund to Hedge Fund
>#plains the concept of e,uity long-short fund strategy
>#plains the techni,ue ?Mar(et 0eutral@ A one of the purest for of hedge fund
in'estent relying entirely on anagerial s(ills
:llustrate the probles faced by short-sellers
>#plains the concept of arbitrage funds "ith an ai to e#ploit the anoalies in the
ispricing of t"o or ore securities
-escribes the types of arbitrage funds A con'ertible arbitrage! statistical arbitrage
and fi#ed incoe arbitrage
>#plains the concept of directional funds anaged by global acro anagers and
futures or coodity trading ad'isers
>#plains the >'ent--ri'en approach using distressed debt! erger arbitrage! acti'ist
funds and ulti-strategy funds
3% 3% 3% 3% 2layer and 2articipants 2layer and 2articipants 2layer and 2articipants 2layer and 2articipants
:llustrated different players in the capital ar(et
3% 3% 3% 3% Funds Funds Funds Funds- -- -of of of of- -- -Funds Funds Funds Funds
>#plains the concept of fund-of-fund anager and the factors influencing thereby
such as tie B e#pertise to analyse a range of funds and the cofort blan(et a fund-
of-fund anager pro'ides%
:llustrates the process of ho" funds pic( anagers
>#plains the process of safe hedge fund in'estent in structured products and their
dra"bac(s
>#plains the ser'ices offered by Multi-Strategy funds against Funds-of-Funds
<% <% <% <% 8egulations of Hedge Funds 8egulations of Hedge Funds 8egulations of Hedge Funds 8egulations of Hedge Funds
>#plains the different approaches to super'ision of industry in different countries
-escribes the ta# and regulation structure that hedge funds adopt to get around the
rules
>#plains the (ey interediaries and people that act as eyes and ears of the hedge
funds industry also called 2riary ;ro(ers
>#plain the process of anaging different types ris(s arising in hedge funds A
Mar(et 8is(! Ci,uidity 8is(! Counterparty 8is( and =perational 8is(

Certified Hedge Fund Manager
www.vskills.in

1 11 1% %% % 2ros and Cons of Hedge Funds 2ros and Cons of Hedge Funds 2ros and Cons of Hedge Funds 2ros and Cons of Hedge Funds
>#plains the role of hedge funds in society
>#plains the hedge funds and recogni$ing ris( in'ol'ed to generate returns
>#plains the return that in'estor yield aligned "ith the interest of anager and
in'estor
>#plains the ;ell Cur'e of 8eturns
/% /% /% /% Future of Hedge Funds Future of Hedge Funds Future of Hedge Funds Future of Hedge Funds
>#plain the process of consolidation of industry and the po"er associated "ith the
fund anagers
>#plains 130-130 funds used by anagers to produce strategies to produce half "ay
house bet"een t"o hedge funds
-escribes the process of ac,uiring 2eranent9Fi#ed capital A ;y floating the fund
anageent copany itself or by floating specific funds on stoc( e#change
>#plains the concept of cloning and the returns generated fro highly li,uid
ar(et such that the cost of trading is lo"
-escribes the strategies for future and gro"th opportunities
Certified Hedge Fund Manager
www.vskills.in



Saple Duestions Saple Duestions Saple Duestions Saple Duestions

1% 1% 1% 1% & fund that buys sta(e in a copany and tries to get it & fund that buys sta(e in a copany and tries to get it & fund that buys sta(e in a copany and tries to get it & fund that buys sta(e in a copany and tries to get it to change policy and9or to change policy and9or to change policy and9or to change policy and9or
anageent is called EEEEEEEEE% anageent is called EEEEEEEEE% anageent is called EEEEEEEEE% anageent is called EEEEEEEEE%

&% &cti'ist Fund
;% &cti'e Fund
C% &ggregate Fund
-% Sta(e Fund

3% The in'estent return attributable to a anager@s s(ill! as opposed to the general 3% The in'estent return attributable to a anager@s s(ill! as opposed to the general 3% The in'estent return attributable to a anager@s s(ill! as opposed to the general 3% The in'estent return attributable to a anager@s s(ill! as opposed to the general
o'eent of the ar(et is called EEEEEEEEEEEEE o'eent of the ar(et is called EEEEEEEEEEEEE o'eent of the ar(et is called EEEEEEEEEEEEE o'eent of the ar(et is called EEEEEEEEEEEEEE% E% E% E%

&% &lpha
;% ;eta
C% Faa
-% -elta

3% 3% 3% 3% The in'estent return attributable to the o'eent of a ar(et is called The in'estent return attributable to the o'eent of a ar(et is called The in'estent return attributable to the o'eent of a ar(et is called The in'estent return attributable to the o'eent of a ar(et is called
EE EE EE EEEEEE EEEE EEEE EEEEEEEEE% EEEEE% EEEEE% EEEEE%

&% &lpha
;% ;eta
C% Faa
-% -elta

<% EEEEEEEEEEEEEEEEEEEE is a techni,ue for hedging a position "hich depends on <% EEEEEEEEEEEEEEEEEEEE is a techni,ue for hedging a position "hich depends on <% EEEEEEEEEEEEEEEEEEEE is a techni,ue for hedging a position "hich depends on <% EEEEEEEEEEEEEEEEEEEE is a techni,ue for hedging a position "hich depends on
the sensiti the sensiti the sensiti the sensiti'ity of the hedge 4such as an option6 to the 'alue of the underlying asset% 'ity of the hedge 4such as an option6 to the 'alue of the underlying asset% 'ity of the hedge 4such as an option6 to the 'alue of the underlying asset% 'ity of the hedge 4such as an option6 to the 'alue of the underlying asset%

&% &lpha Hedging
;% ;eta Hedging
C% Faa Hedging
-% -elta Hedging

1% 1% 1% 1% & strategy that ais to e#ploit inefficiencies in the bond ar(ets is (no"n as & strategy that ais to e#ploit inefficiencies in the bond ar(ets is (no"n as & strategy that ais to e#ploit inefficiencies in the bond ar(ets is (no"n as & strategy that ais to e#ploit inefficiencies in the bond ar(ets is (no"n as
EEEEEEEEEEEEEEEE EEEEEEEEEEEEEEEE EEEEEEEEEEEEEEEE EEEEEEEEEEEEEEEE

&% -elta Hedging
;% Cross Selling
C% Fi#ed :ncoe &rbitrage
-% Con'ertible &rbitrage
Answers: 1 (A), 2 (A), 3 (B), 4 (D), 5 (C)