ALTERNATIVE SECURITIES

FIN5ALS

2021

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.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorMichael Li

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 5 - Masters

Available as ElectiveNo

Learning ActivitiesN/A

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Readings

Alternative Investments: CAIA Level I

Resource TypePrescribed

Resource RequirementN/A

AuthorDonald R. Chambers, Mark J. P. Anson, Keith H. Black, Hossein Kazemi, CAIA Association

Year2015

Edition/Volume3rd Edition

PublisherJOHN WILEY & SONS

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

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

Subject options

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Start date between: and    Key dates

Melbourne (Bundoora), 2021, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorMichael Li

Class requirements

LectureWeek: 31 - 43
One 2.00 h 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 h tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*
Individual assignment Equivalent to 2000 wordsN/AN/AN/ANo30 SILO1, SILO2
One hour formative examination Equivalent to 1000 wordsN/AN/AN/ANo10 SILO1, SILO2, SILO3, SILO4, SILO5
Two hour final examination Equivalent to 2000 wordsN/AN/AN/ANo50 SILO1, SILO2, SILO3, SILO4
Online and/or in-class assessment tasks Equivalent to 500 wordsN/AN/AN/ANo10 SILO1, SILO3