InsideHedgeFunds

COURSESYLLABUS
DukeUniversity,EconomicsDept
Spring,2017

Course:InsideHedgeFunds,Course#381S01
CourseClassroom:327SocialSciencesBldg
Classtime:Wednesdays,11:45am1:45pm
Professor:LinseyLebowitzHughes
Office:329ESocialSciencesBldg,3rdFloor
OfficeHours(walkin):Mon:10:30am12:30pm&Fri:11:30am1:30pm
Email:linsey.lebowitz.hughes@duke.edu
OfficePhone:9196600779
Mobile:9176263279

IMPORTANTNOTES:
Yourgradeforthisclasswillbeequallyweightedbetween:yourclassparticipation,themid
termassignment&thefinalassignment.
Ifyoucannotmakeittoclassoryouwillbelate,pleaseemailmeinadvance.Your
participationisalargecomponentofyourgrade,soattendanceisimportant.
PleasecometoclasswithapolishedappearanceIwillnotaskyoutocomeinbusinessattire,
butcollaredshirtsareappreciated,THANKYOU!
Becauseoftheabundanceofguestspeakers,whomallhavebusyschedules,someofthe
datesandlecturesmaybesubjecttochange.Iaskforyourpatienceonthisandpromiseto
sendanupdatedsyllabusifthisoccurs.
Asyouareallaware,allofusatDukeUniversitytaketheHonorCodeveryseriously.Iexpect
studentsinthiscoursetounderstandandabidebyit,whichincludestheexpectationthatyou
allworkindependentlyonassignments,unlessIstateotherwise.Herestheresourceforany
guidanceonstudentconduct:http://studentaffairs.duke.edu/conduct/aboutus/duke
communitystandard
Audiorecordingsofthisclassarenotpermittedandstudentswillbeaskedtokeepthe
informationsharedbysomeofourguestspeakersconfidential.Anyonewhoisonthestaffof
TheChronicleisnotpermittedtotakethisclass.Pleasehonorthisinorderthatwecan
continuetogethighqualityvisitors&information.

INSIDEHEDGEFUNDSCOURSECURRICULUM:

January18th
IntroductionofInsideHedgeFundsclasswhattoexpectthissemester
OurClassmateswhoweare,wherewevebeen&wherewearegoing
TheHedgeFundbasicslearningthelanguage,newssources(handouts)
TheHistoryofHedgeFundsTigerManagement,TigerCubs&Soros
HowHedgeFundslooknow
ASSIGNMENT:FamiliarizeyourselfwithHFlanguage,resourcesandnews(seehandout)
ASSIGNMENT:Readthebooksintrochapter&MarkYuskoschapterfromKatherineBurton'sHedge
Hunters(thiswillbeemailedtoyou)
January25th
WhatdoesanHFlooklikeontheinside?
WhatmakesasuccessfulHF?
WhydoHFsfail?
WhatisHeadlineRisk?

ASSIGNMENT:HFStrategyNoteCardassignment(tobehandedoutinclass)
ASSIGNMENT:ReadRogerLowenstein'sWhenGeniusFailed
ReadLTCMHBSCaseStudy
PreparenotesoncasequestionsforclassdiscussiononFeb15th

February1st
HFStrategyNoteCardPresentations
HowtolaunchanHF

February8th
HFMarketing&Terms

GUESTSPEAKER:RanjitAhluwalia,ManagingPartneratSilverPointCapitalManagement

DiscussMIDTERMASSIGNMENT:Top10HFsGlobally(dueMar1st)

February15th
ClassdiscussionofLTCMCaseStudy&WhenGeniusFailed

February22nd
Theworldofinvestors
Howinvestorsthink
Howtomanageinvestorsduringtoughtimes
WhoInvestsinHFsFamilyOffices,FundsofFunds,Pensions,Endowments,Foundations&Consultants

WORKONYOURMIDTERMASSIGNMENT!

March1st
MidTermPresentations:TheTop10HFsGlobally

March8th
Understanding&evaluatingnewvsestablishedhedgefunds
WorkingatanHFadayinthelife
UnderstandingtheInvestmentProcessandtheroleoftheInvestmentCommittee

GUESTSPEAKER:ToddWesthus,PortfolioManageratPerryCapitalManagment
ASSIGNMENT:ReadCalPERSarticles&preparediscussionquestions

March15th
~SPRINGBREAK,NOCLASS~