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BNP Paribas Hedge Fund Symposium:
A New Asian Hedge Fund Landscape? (21 Oct 2011)

The BNP Paribas Hedge Fund Centre organized an annual hedge fund conference on 21 Oct 2011. Fund managers, investors, and leading academics were invited to share and exchange their views on the topic: A New Asian Hedge Fund Landscape? The event attracted over 220 participants and delegates.

Synopsis:
The hedge fund industry in Asia appears to have changed dramatically over the last few years. What are the current investment opportunities in Asia in light of the sovereign debt problems in Europe and the US? How has the financial crisis of 2008 shaped investors and their views on the hedge fund industry? Has the success of the billion dollar shops in Asia changed the playing field here? How different is the capital raising environment now for Asian hedge funds?

Hedge Fund Executive Education Programme:
The Past, Present and Future of the Hedge Fund Industry
(19 - 20 Oct 2011)

The Hedge Fund Executive Education Programme took place from 19th to 20th October 2011. It is opened to players with interest in the Hedge Fund Industry such as investors, private bankers, finance practitioners, and professionals seeking a career in Hedge Funds. Seminars were delivered by professors from the London Business School and the Singapore Management University, and they focused on areas such as hedge fund risks, investment strategies, and performance. To aid learning, the course was featured real world case studies, presentations by hedge fund managers, and discussions by professional hedge fund investors.

Synopsis:
The Hedge Fund Executive Education course parlays cutting edge academic research into valuable lessons for the finance practitioner. The programme will help students understand why hedge funds have been so attractive over the last decade, how hedge funds have been affected by the events surrounding the subprime financial crisis, and what the future holds for the industry.

It begins with an overview of the hedge fund industry, its key players, and its recent developments. It then leverages on recent advances in research and introduces a comprehensive framework for understanding hedge funds. This framework encompasses a wide range of hedge fund strategies and is used to demonstrate how hedge fund investment models differ from those of mutual funds and how alphas can be measured. With the help of real world Harvard Business School case studies and the hedge fund models, we analyze landmark events in the industry and distill important risk management lessons from each disaster.

The programme also reviews the latest work on hedge fund performance, informational asymmetry, fund characteristics, and managerial incentives. To aid hedge fund selection, it explores how fund investment performance is related to past performance, geography, fund size, and high powered incentives. Finally, the programme examines the changes in the hedge fund industry brought on by the events that transpired in 2008 and discusses the equilibrium implications in terms of liquidity, incentive fee negotiation, and capital movements.

BNP Paribas Hedge Fund Symposium:
A New Asian Hedge Fund Landscape? 21 Oct 2011

Part 1

Part 2

Part 3

Part 4

Part 5