practical approach to equity portfolio management

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Salmon Thrust Pte Ltd
55 Market Street #10-00
Singapore 048941
T : (65) 6323 0768
F : (65) 6423 9802
E : email@salmonthrust.com
17 MAY 2016 | 1 DAY | 9AM - 5PM | 7 CACS CPD HOURS (EXTERNAL COURSE)
PRACTICAL APPROACH TO EQUITY
PORTFOLIO MANAGEMENT - STRATEGIES,
CONSTRUCTION, RISK/RETURN, HEDGING
This course aims to equip investment professionals serving clients on a discretionary basis, be it within the wealth management, family office
or institutional asset management firms. This one-day course is designed for busy professionals who want a refresher course on the time-tested
strategies in portfolio management; from drawing up investment policies, to designing appropriate strategies to the target clients, and to structuring
the risk-management framework meeting the rigorous demands of modern portfolio management.
Practical tips from trainer’s extensive experience in investment analysis and portfolio management will be shared with participants. This include the
systematic approach to constructing portfolio, setting up stock screens to select and monitor equity securities in the portfolio, the structuring of
strategic core holdings and tactical holdings in a portfolio. Hedging and risk management strategies will also be covered in this one-day programme.
WHO SHOULD ATTEND
•
•
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Covered persons working in private banks
Wealth advisers
Investment professionals in the banking and financial services industry
COURSE OUTLINE
Designing an investment policy
• Policy review and policy variation
• Liability matching
• Active asset allocation
• Practical considerations and procedures
Portfolio construction
• Style versus dynamic approach
• Specialist portfolios versus balanced portfolios
Selecting an appropriate strategy, benchmark, reporting procedures, risk-management framework
• Practical considerations
• Pitfalls to avoid and constraints
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Alpha generation (evidence of skill)
• Measurement, process and practical consideration
• Importance of resource support like the availability of internal research resources, and
access to top sell-side firms, specifically, the bulge bracket investment banks for deal
flows and research ideas
• Cost-benefit analysis of these resources and consideration of whether clients should pay
for these services will be examined and discussed
Fees consideration
• Types of fee like flat versus performance
• Demand and skill – the evidence
• Fee rates and skill
• Fee-setting behaviour
• What do investors in funds typically look for and willing to pay in fees?
Measuring and managing risks
• Identify tail-risk events and normal economic or operational risks that include currency
exposure and liquidity of capital markets
• Practical risk management tools include the use of stock selection and derivatives to
hedge or minimise undesired risks
Monitoring portfolio performance
• Process and considerations
• Understanding performance attribution reports and how to use these reports to improve future performance
FINANCIAL TRAINING SCHEME (FTS)
This programme is approved for listing on the
Financial Training Scheme (FTS) Programme Directory
and is eligible for FTS claims subject to all eligibility
criteria being met.
Please note that in no way does this represent an endorsement of
the quality of the training provider and programme. Participants are
advised to assess the suitability of the programme and its relevance to
participants’ business activities or job roles.
The FTS is available to eligible entities, at a 50% funding level of
programme fees subject to all eligibility criteria being met. FTS claims
may only be made for programmes listed on the FTS Programme
Directory with the specified validity period. Please refer to www.ibf.
org.sg for more information.
.........................................
SALMON THRUST CPD SERIES
The Salmon Thrust CPD Series is aimed at raising the
competencies of the Covered Persons and satisfying
their CPD hours in the most fruitful and entertaining
way. Our trainers wastes no time on academic principles but dives straight into the practical applications
of the subject.
ABOUT OUR TRAINER
Steven Koh | MBA (Chicago), CFA, MSc (NUS), BCom (UWA)
Steven was previously an Investment Director with SoftBank China Venture Capital from 2013 to 2015. Based in Singapore, he was responsible
for sourcing and evaluating private equity deals, financial structuring, fund raising and risk management for the firm. Steven joined SoftBank
China Venture Capital from Chicago Aquarius Advisory where he was the Managing Consultant advising regional SMEs on financial structuring and
corporate strategy.
Prior to that, Steven spent four years on the buy side managing equity portfolios, researching stocks, sectors and geographic regions. In addition,
Steven has fifteen years of sell side experience, mainly as an equity analyst in the Asia Pacific market.
Steven was working with DBS Asset Management in Singapore as a Senior Portfolio Manager managing the Asia Pacific and Europe equity funds.
Prior to this, Steven was working with UOB Asset Management in Singapore as a Portfolio Manager managing international funds with geographical
responsibility for Europe as a strategist. Steven started his career in UOBAM as a senior investment analyst covering financials and real estate sectors
for the Asia Pacific markets.
Prior to his buy side career, Steven was with Standard & Poor’s Asia Equity Research in the capacity of Director of Research cum Chief Asian Strategist
from 2000 to 2005. He was personally responsible for the regional Telecoms, Media and Technology companies within Asia & Japan. He also
pioneered the equity research for REITs in Singapore and Hong Kong for S&P in 2002. He had extensive management experience in his previous roles
as Head of Research in J.M Sassoon & Co and PT BDNI Securities.
Steven is a Chartered Financial Analyst since 2001. He graduated with a Master of Business Administration with the University of Chicago in March
2005 and a Master of Science (Applied Finance) from the National University of Singapore in 2000. He also graduated with a Bachelor of Commerce
from the University of Western Australia in 1991.
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HOW TO REGISTER
PUBLIC COURSE
REGISTRATION FORM
Complete this form and email it to
penny@salmonthrust.com
or fax to (65) 6423 9802.
Practical Approach to Equity Portfolio Management Strategies, Construction, Risk/Return, Hedging
 17 May 2016
Terms and Conditions
1.
2.
I came to know about this course through
 Email  Brochure  Website 
Web Search  Colleague  Phone Call  Others: __________________
Course Fees
3.
 S$1,080 (For registrations before 17 Apr)
 S$1,200 (For registrations after 17 Apr)
 Platinum Package# (Register 4 delegates and the 5th delegate attends for free)
4.
Delegates Information
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(as in NRIC or Work Pass)
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(as in NRIC or Work Pass)
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Payment Method
For Crossed Cheques or Bank Drafts, kindly
make payable to Salmon Thrust Pte Ltd.
For Telegraphic Transfers, please make
payment to the following:
Account Number
501-747323-001
Account Name
Salmon Thrust Pte Ltd
Company and Invoicing Information
Organisation Name
If you are unable to attend, a substitute
delegate is welcomed at no additional
charge.
Salmon Thrust does not provide refunds
for cancellations. Invoiced amount must
be payable in full within 7 days of the
invoice date.
Salmon Thrust will provide the full
course materials to a delegate who has
paid in full, but was unable to attend.
Salmon Thrust reserves the right to
change the content of the program
without notice including the
substitution, alteration or cancellation
of speakers, and/or topics, and/or the
alteration of the course dates.
Salmon Thrust is not responsible for
any loss or damage as a result of a
substitution, alteration, postponement
or cancellation of an event under any
circumstances.
Salmon Thrust reserves the right to
amend any part of the published
program, agenda or speakers due to
factors outside of its control.
Bank Address
65 Chulia Street, #01-01 OCBC Centre
Singapore 049513
Bank Code
7339
Swift Code
OCBCSGSG
Approving Manager Information
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10% early bird discount scheme is not
applicable
* Mandatory
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Authorising Signature*
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