ALTERNATIVE SECURITIES

FIN5ALS

2020

Credit points: 15

Subject outline

In this subject you will develop a working knowledge of the characteristics of alternative securities including hedge funds, venture capital and private equity. The subject provides an in-depth study on the institutional features of private equity and hedge funds. The main investment strategies of venture capital and hedge funds will be introduced. The subject also covers the evaluation of risks and returns of private equity and hedge funds and discusses the complicated measurement issues that are specific to the alternative assets. You will develop practical skills and apply their analytical skills to the valuation of private firms, firms with financial distress and leverage buyout.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Michael Li

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 5 - Masters

Exchange Students: No

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: N/A

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Alternative Investments: CAIA Level I

Resource Type: Book

Resource Requirement: Prescribed

Author: Donald R. Chambers, Mark J. P. Anson, Keith H. Black, Hossein Kazemi, CAIA Association

Year: 2015

Edition/Volume: 3rd Edition

Publisher: JOHN WILEY & SONS

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

COMMUNICATION - Cultural Intelligence and Global Perspective

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Creativity and Innovation

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

Intended Learning Outcomes

01. Explain the key differences between traditional and alternative assets investment.

02. Analyse industry and economic conditions that contribute to the development of alternative asset classes

03. Review firm evaluation methodologies and identify the most appropriate methodology for valuing venture capital and private equity

04. Understand the different legal and regulation treatment of hedge funds compared to other institutional investment vehicles

05. Evaluate and compare the performance and risks of hedge funds and private equity

Melbourne (Bundoora), 2020, Semester 2, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Michael Li

Class requirements

LectureWeek: 31 - 43
One 2.00 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

TutorialWeek: 32 - 43
One 1.00 hour tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
Individual assignmentEquivalent to 2000 words	N/A	N/A	N/A	No	30	SILO1, SILO2
One hour formative examinationEquivalent to 1000 words	N/A	N/A	N/A	No	10	SILO1, SILO2, SILO3, SILO4, SILO5
Two hour final examinationEquivalent to 2000 words	N/A	N/A	N/A	No	50	SILO1, SILO2, SILO3, SILO4
Online and/or in-class assessment tasksEquivalent to 500 words	N/A	N/A	N/A	No	10	SILO1, SILO3