| CODE | BFI5338 | |||||||||
| TITLE | Alternative Investments | |||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | |||||||||
| MQF LEVEL | 7 | |||||||||
| ECTS CREDITS | 5 | |||||||||
| DEPARTMENT | Banking, Finance and Investments | |||||||||
| DESCRIPTION | The purpose of this study-unit is to explore the world of alternative investments such as hedge funds, commodities, real estate and private equity. The study unit aims to add a new dimension to the construction and management of traditional investment portfolios, such as bonds and equities, by focusing on the workings of the industries classified under alternative investments, examine their incentives and subsequent transactions and present them in detail within an academic and practical framework. Study-Unit Aims: The aim is to broaden and provide the student's in depth understanding of the alternative investments industry. The study unit aims at enabling students to integrate the use of alternative investments as part of an overall investment strategy and portfolio. The study unit aims at equipping students with the latest investment techniques and tools used by hedge fund, Private Equity, Real Estate, Commodities, Art Finance, Environment Investments, Energy markets, Islamic finance and structured products. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Describe and explain alternative investment products; - Describe and explain the rationale for using alternative investment products; - Explain which type of investors are the most suited for using alternative investment products; - Describe and explain the different alternative investment strategies and how these are structured; - List, describe and explain the most common investments strategies used in alternative investment products space. 2. Skills: By the end of the study-unit the student will be able to: - Select, construct and apply alternative investment strategies; - Identify and analyse (both conceptually and practically) the risk and return characteristics of alternative investment vehicles and strategies. Main Text/s and any supplementary readings: Main Texts: - Anson, M.J.P, Chambers, D.R., Black, K.H. and Kazemi, H., 2012, 2015, CAIA I: An Introduction to Core Topics in Alternative Investments, Wiley Finance. Supplementary Readings: - Black, K.H., Chambers, D.R. and Black, K.H., 2012, 2016, CAIA II: Advanced Core Topics in Alternative Investments, Wiley Finance. - Kent Baker, H. and Filbeck, G., 2013, Alternative Investments: Instruments, Performance, Benchmarks and Strategies, Kolb Series in Finance - Fraser-Sampson, G., 2010, Alternative Assets – Investments for a Post-Crisis World, Wiley Finance. - Temple, P., 2010, The Handbook of Alternative Assets: Making Money from Art, Rare books, Coins and Banknotes, Forestry, Gold and Precious Metals, Stamps, Wine and Other Alternative Assets, Harrison House Publishing. - Abbink, J.B., 2010, Alternative Assets and Strategic Allocation - Rethinking the Institutional Approach, Bloomberg. - Anson, M.J.P, 2002, 2006, The Handbook of Alternative Assets, Wiley Finance. |
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| ADDITIONAL NOTES | Pre-requisite Qualifications: B.Com. (Hons.) Banking & Finance, B.Com. Banking & Finance Major or equivalent | |||||||||
| STUDY-UNIT TYPE | Lecture | |||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Jean Paul Gauci |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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