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Portfolio Concepts and Management

May 6 - 9, 2024
The Wharton School |
Philadelphia, PA

Sessions Include:

8:30 AM - 5:00 PM

Portfolio Concepts and Management - Day 1

Introduction and Overview of Financial Assets
Making investment decisions on behalf of others can be a daunting task. Our opening session will cover the investment basics you need to know to make informed choices for your fund. Learn the differences between a bond and a stock, how bonds and stocks are evaluated, what happens to bonds when interest rates change, different types of indexes, different definitions of earnings, and more.

Fundamentals of Portfolio Theory
There is more to understanding investments than just memorizing definitions and analyzing the financial system. As Day Two begins, we will turn to the fundamentals of portfolio theory. This session will cover time-weighted and value-weighted rates of return, the concept of efficiency, how to build portfolios for a targeted risk level, the principles of diversification, and the challenges of constructing a well-diversified portfolio.

Introduction to Case Study
An important part of the Portfolio Concepts and Management program is the interactive case study. At the end of Day One, you will be directed to meet with your small group to introduce yourselves and discuss the case study you will be working on for the remainder of the week.

8:30 AM - 5:30 PM

Portfolio Concepts and Management - Day 2

Performance Evaluation
Having financial literacy and a clear investment policy is important for any fund, but it means little if you do not have the right people executing your vision. In “Performance Evaluation,” we will discuss the elements of manager monitoring, risk-adjusted measures, the role of different investment styles, understanding the numbers in a performance-evaluation report, using your performance-measurement tools in a practical framework, and the impact of investment policy.

Managing Pensions in a Risky Global Environment
What does our market look like right now, and should our current state of affairs affect our short-term and long-term investment decisions? This session will cover recent market trends, historical risk-and-return patterns, the capital-asset pricing model, price distortions, and how to determine the discount rate.

Case Study Group Work
At the end of Day Two, you will be directed to meet with your small group to work on the case study.

8:15 AM - 5:30 PM

Portfolio Concepts and Management - Day 3

Fundamentals of Valuation
This session delves into the core principles of time value of money, bond valuation, and stock valuation. Following the exploration of these principles, we will apply them to real-life examples, such as government and corporate bonds, as well as growth and value stocks. Participants will gain an understanding of where the intrinsic worth of assets comes from, enabling us to make more informed investment decisions.

Macroeconomic Issues and Financial Markets
While most people are at least remotely familiar with the term microeconomics, where economists look at an individual household or company, macroeconomics studies the economic system as a whole. Understanding macroeconomics means understanding how our complex economic system operates. In this session, we will discuss the basics of price and return, monetary and fiscal policy structures and current stances, and the exchange rates and international factors.

Case Study Group Work
At the end of Day Three, you will be directed to meet with your small group to continue working on the case study.

8:00 AM - 12:00 PM

Portfolio Concepts and Management - Day 4

Asset Allocation and Impacts of Risk on Return
What is the best way to implement your plan’s investment strategy? In “Asset Allocation and the Impacts of Risk on Return,” we will discuss the trends of pension management, typical investment policies, overall asset allocation and allocation within asset class, and rebalancing vs. reinforcing asset allocation.

Case Study Discussion
Our final session of the program will cover the issues within the case study and discuss the various answers received by the small groups. Attendance at this session is required to earn a certificate.