Finance: Portfolio Management and Financial Risk Analysis Model

Course 7: Finance: Portfolio Management and Financial Risk Analysis Model

I. Course Description

Money is as important for companies as gasoline for cars. Want to fuel enterprises, often have to get involved in the capital market financing. The capital market is like a gas station, with built-in 92 #, 95 # and other different types of gasoline, so as to meet the needs of various types of cars. Many people who want to get involved in the capital market financing, in the case of not understanding the capital market, often will appear two extremes, either the capital fails to say that the capital is deceptive, or the success of the financing is finally wasted by the betting agreement. Visible, understand the importance of the capital market!

Alexei Chekhlov Professor has been in the American capital market for decades and has rich practical experience. He will introduce this course to students on how to choose securities valuation and investment strategies under sufficient and effective market conditions. Then, futures, options, fixed income securities and other contents are introduced in detail, and the risk / return trade-off, diversification and their role in modern portfolio theory, and their influence on asset allocation and portfolio optimization are extended. Then it covers capital asset pricing model, modern portfolio theory, factor model and stock valuation.

II. Professor Introduction

Alexei Chekhlov – Professor at Columbia University

Professor Alexei Chekhlov received his masters and PhD in Applied and Computational mathematics from Princeton University and is now working in the Department of Mathematics at Columbia University. He is also a senior researcher at Dassault Systems, a well-known technology software company. Prior to joining Columbia, Professor Alexei held key positions at several financial firms: a partner and head of research at Systematic Alpha Management Asset Management, a research director at North Shore Asset Management, a quantitative analyst at Wexford Management, and a proprietary trader at BNP Paribas, a leading global financial services group.

Alexei Professor Professors research interests include computational mathematics, applied mathematics, quantitative finance, portfolio management and optimization, and risk management. His research results are widely recognized by the industry, and they have been published in several leading academic journals in the fields of fluid mechanics, turbulence, applied mathematics and quantitative finance.

III. Syllabus

1. Asset classes and financial instruments
2. How the securities are traded
3. Real and nominal interest rates
4. Capital allocation of risky assets
5. Diversification and portfolio risk
6. Markowitz investment deficiencies
7. Capital asset pricing model
8. Arbitrage-based pricing theory
9. The effective market hypothesis
10. Behavioral finance and technical analysis