Investment Management

Independent study of specialized topic in finance.
(3 credits)

Securitized assets such as mortgages, asset-backed securities (e.g., credit cards, auto loans, trade receivables), collateralized debt obligations, institutional structures, credit risk, valuation, cost of capital, corporate finance, accounting; legal, tax, and regulatory issues associated with securitization; how to design, value, and implement structured-financed products that create value from stakeholders’ perspectives. Prerequisite: 06N:225.
(3 credits)

Applications of commonly used financial software and data systems reviewed by student teams.
(1 credits)

Hands-on approach to investing in marketable securities in domestic and global markets; market efficiency, risk-return relationships, asset pricing models, security valuation, options and futures valuation, portfolio strategies and management. Prerequisite: 06N:225.
(3 credits)

Use of options, futures, and other derivative securities in financial management; types of derivative securities, markets, trading technology; applications of risk management and speculation; pricing relations with underlying securities. Prerequisite: 06N:225.
(3 credits)

Real estate finance and investment; mortgage markets and pricing, mortgage-backed securities, development process, real estate valuation, tax effects, securitized real estate, real estate cycles, application of derivative instruments, strategic asset allocation. Prerequisite: 06N:225.
(3 credits)

Structured problems and cases in corporate financial policy decisions; financial decision models, current and fixed asset administration, cost of capital, capital budgeting, dividends, cash flow projections, cash management, mergers and acquisitions. Prerequisite: 06N:225.
(3 credits)

Fixed income securities, term structure of interest rates; asset pricing models, valuation of fixed income securities and contingent claims, fixed income portfolio management. Prerequisite: 06N:225.
(3 credits)

Operations and management of commercial and investment banks; structure, regulation, evolution, and consolidations of industry, products, and services; debt and equity origination process, syndication, venture capital, M&A, IPO's, asset/liability management, liquidity planning, capital adequacy, lending, and global issues. Prerequisite: 06N:225.
(3 credits)

(Also known as the Henry Fund course.) Hands-on approach to portfolio management; setting goals, trading securities, developing programs to evaluate fund performance. First of a two-semester sequence; must be followed by 06F:222. Consent of instructor required. Prerequisite: 06N:225.
(3 credits)

Continuation of 06F:221, which is prerequisite. Consent of instructor required.
(3 credits)

Impact of international financial markets on business and financial decisions in foreign environments; global finance, foreign ex-change, Eurocurrency markets, currency derivatives, risk hedging, international bond and equity markets, privatization, joint ventures. Prerequisite: 06N:225.
(3 credits)