Institutional Investment Management

Uitgebreide vaknaam	Institutional Investment Management
Leerdoelen	Upon completion of the course the student is able to: 1. Discuss, explain and compare the various theoretical aspects of institutional investment management as found in the field's literature. 2. Comprehend and critically assess the practical application of institutional investment management theory in the investment management sector ranging from banks to insurance companies and pension funds. . The focus is mostly asset only, but will also address asset liability management. 3. Design and implement an institutional investment management process where evaluating the complex of interrelated aspects of the institutional investment environment using data and relevant financial research-methods. 4. A large number of asset classes and strategies used by institutional investors will be covered. Attention will be paid to risk factors. 5. Ideally manage an institutional investment mandate based on serious gaming within a predetermined risk framework (tracking error and VaR).
Omschrijving	This course aims to further develop the student's understanding of portfolio management and investment. More specifically, the course aims to develop an understanding of the methods and techniques used in the field of institutional investment management. The course has two main points of focus. Firstly, in order to be able to do conduct empirical research and understand the practical applications, the theoretical aspects of institutional investment management are examined. Secondly, the practical application of these theories in e.g., banking, insurance companies, pension funds and institutional investment houses are explored. The lectures (including a field trip to Amsterdam) provide a comprehensive insight in the theoretical and practical issues concerning the institutional investment management process. Students become familiar with up-to-date methods and techniques implemented in investment management via case studies and by means of a serious investment game. Active student participation is required.
Uren per week	5
Onderwijsvorm	-gastcollege ,  -hoorcollege ,  -interactief hoorcollege ,  -practicum,  -werkcollege (includes a realistic (real life) investment game)
Toetsvorm	-groepsopdracht,  -individuele opdracht,  -schriftelijk tentamen (open en mc vragen) (The final mark is formed by a combination of the written exam and the student's case studies as well as the result of serious gaming)
Vaksoort	master
Coördinator	prof. dr. R.M. Salomons
Docent(en)	J.J. Bosma, PhD. ,prof. dr. R.M. Salomons
Verplichte literatuur	Titel Auteur ISBN Prijs Recommended (not compulsory): iInvestment/1 Bodie, Kane, Marcus 9780199959327  ca. €  80,00
Entreevoorwaarden	Only for MSc Finance students. Finish the course 'Portfolio Theory' before entering this course.
Opmerkingen	Secretary: E.T. Jelsema, phone +31 (0)50 363 3685, e-mail e.t.jelsema@rug.nl, room 5411.836. 'Institutional Investment Management' together with 'Portfolio Theory' provide a good basis for the CFA/VBA postgraduate courses for investment analysts.
Opgenomen in	Opleiding Jaar Periode Type DD MSc Finance - Lund University, Lund (1,5-jarig)  (basisprogramma voor studenten van FEB) 1 semester II a keuzegroep DD MSc Finance – UAIC of Iasi, Romania (2-jarig)  (basisprogramma voor studenten uit Iasi) 2 semester II a keuzegroep MSc Finance  (keuzevakken A MSc Finance) 1 semester II a keuze