The Big Smoke – in 2018, I plan to travel to the #7 in the ranking of the Global Financial Centres… Toronto! Weiterlesen
This module has two main goals: it serves as a repetition of content students should already be familiar with as well as an application by transferring formulas into action. We rely on Excel, VBA, and MATLAB as software packages and cover basic concepts from B.Sc. studies as well as CFA Level I content. First and foremost, the essential time value of money, followed by applications in risk management as well as asset pricing, e.g. bonds, derivatives, and portfolios. By the end of this course, the participants are able to remember and to understand these basic concepts and they learned to apply these concepts on real data. Weiterlesen
The Expected Shortfall is a risk measure, which is also known as Conditional Value-at-Risk. It adds to the VaR since it determines the expected loss in case the probability level is exceeded.
Value-at-Risk is a common risk measure in the financial industry. Based on a real time series, I show how to determine the VaR empirically and analytically using the assumption of normal distributed returns.
From October 9th to 13th, I traveled to Hong Kong with 16 HSBA B.Sc. students and Sinan, my Ph.D. student.
This year, our destination had to be Asia, since five out of the top ten Global Financial Centres are located here. Currently, Hong Kong is third in the ranking, so we were curious what the city offers… besides a huge harbor and many, many skyscrapers…
How many shares are necessary for a well-diversified portfolio? Applying the concept of naïve diversification, we try to answer this particular question.
Wie viele Aktien benötigt man eigentlich für ein diversifiziertes Portfolio? Anhand des Konzeptes der Naiven Diversifikation betrachten wir diese Frage genauer.
In cooperation with my Ph.D. student Sinan Tıraş I plan to travel to Hong Kong in October 2017 – if you elect this destination.
Update Feb 15th, 2017: The trip is booked, so we are happy to travel to Hong Kong with you! A few spots are still available
Since Sinan has lived in Hong Kong, he has written the following study trip description: Weiterlesen
London calling! Mit 14 HSBA Studierenden begebe ich mich vom 3. bis 7. Oktober in die aktuelle Nummer Eins der Global Financial Centres. Auch dieses Jahr wartet ein spannendes Programm auf uns: Wir besuchen das King’s College, das Imperial War Museum, die Royal Bank of Scotland, Veritas Investment, Bloomberg, Lloyds, Alpha Insurance, TokioKiln Group, Bank of England Museum und die HSBC. Außerdem steht eine Pub Tour an. Ich bin gespannt wie die Stadt den Brexit verkraftet — zumindest die Preise sind dank des Rekordtiefs des Britischen Pfund vergleichsweise günstig.