Postgraduate Course: Investment Management (CMSE11124)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | Investment Management is a research-led course aiming to help students develop a broad knowledge and understanding of issues relevant investment management practice. |
| Course description |
Students build on the knowledge gained from the core courses in semester one (Financial Markets and Investments, Corporate Finance, Statistics for Finance, and Financial Statement Analysis). Through readings, students will learn the importance of understanding client objectives in the portfolio management process and understand practical issues that arise in managing client portfolios. Readings will be heavily based on recent academic articles that elucidate contemporary issues relevant to investment management practice.
Syllabus
Investment Management: Theory and Applications
Managing Investor Portfolios: Context, Structures, and Strategies
Trading
Risk Management
Investing for Taxable Clients
Hedge Funds
Alternative Investments
Corporate Governance and Corporate Culture
Socially Responsible Investment
Student Learning Experience
This course places a great emphasis on independent learning. Before each lecture, students will be provided with a list comprising 2-3 core readings and a number of additional readings. Students are expected to read the core readings and ideally most if not all of the additional ones. The weekly lectures will explore particular aspects of the readings and attempt to help students put materials in context. They are not a substitute for the readings. Students will be asked to actively participate in class discussions and complete exercises between lectures. The nature of the material means that in most cases there is no single acceptable answer. Students are expected to learn how to argue a case that is supported by academic theory and empirical evidence.
The group-work assignment provides a different type of learning experience. It allows students an opportunity to conduct an independent research as a team to answer questions that are relevant to investment management practice. In answering these questions, students are expected to link academic theories and findings from both class materials and independent research to a practical context. It is a project which requires teamwork. As in the investment industry, teams are rewarded and judged based on co-ordinated team outputs.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | For Business School PG students only, or by special permission of the School. Please contact the course secretary.
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Course Delivery Information
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| Academic year 2017/18, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Lecture Hours 20,
Formative Assessment Hours 40,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
85 )
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| Additional Information (Learning and Teaching) |
Preparatory Reading 40 hrs; Revision 45 hrs
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| Assessment (Further Info) |
Written Exam
60 %,
Coursework
40 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
There is one group assignment which counts for 40% of the total mark and a final two hour exam which counts for 60% of the total mark.
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| Feedback |
All students will be given at least one formative feedback or feedforward event for every course they undertake, provided during the semester in which the course is taken and in time to be useful in the completion of summative work on the course. Such feedback may be at course or programme level, but must include input of relevance to each course in the latter case.
Students will get feedback during the lectures. Students can request individual feedback from the course organiser. Students will receive written feedback on the report and general feedback on the exam. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S2 (April/May) | Investment Management | 2:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand and critically discuss return and risk objectives of individual and institutional investors.
- Understand current issues in investment management practices in the context of contemporary finance theories.
- Understand and critically evaluate return and risk profiles of different asset classes and trading strategies.
- Utilise academic literature, financial databases, and statistical software to conduct independent research that is relevant to investment management practice.
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Reading List
| Maginn, Tuttle, Pinto, and McLeavey (2007), Managing Investment Portfolios: A Dynamic Process. CFA Institute and Wiley. ISBN 0470080140. |
Additional Information
| Graduate Attributes and Skills |
Cognitive Skills
The course will develop analytical and problem-solving skills
Subject Specific Skills
On completion of the course, students should have:
* Gained an ability to understand, speak and write the language of investment analysis and portfolio management.
* Become familiar with output from investment and risk management tools such as Style Research, Thomson One Banker and Datastream.
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| Keywords | finInvestmentManagement |
Contacts
| Course organiser | Prof Jens Hagendorff
Tel: (0131 6)51 1037
Email: |
Course secretary | Mr Jonathan Macbride
Tel: (0131 6)51 3028
Email: |
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