In this course, you will gain an understanding of the theory underlying optimal portfolio construction, the different ways portfolios are actually built in practice and how to measure and manage the risk of such portfolios. You will start by studying how imperfect correlation between assets leads to diversified and optimal portfolios as well as the consequences in terms of asset pricing. Then, you will learn how to shape an investor's profile and build an adequate portfolio by combining strategic and tactical asset allocations. Finally, you will have a more in-depth look at risk: its different facets and the appropriate tools and techniques to measure it, manage it and hedge it. Key speakers from UBS, our corporate partner, will regularly add a practical perspective on these different topics as you progress through the course.
Risk as volatility?
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From the course by University of Geneva
Portfolio and Risk Management
University of Geneva
Course 3 of 5 in the Specialization Investment Management
From the lesson
Risk Management
This fourth and final week is dedicated to risk. We will start by looking in more depth at different sources of risk such as illiquidity and currency risk but also at the different tools available to investors to perform risk management. But how should we measure risk? We will see that it may be valuable to go a step beyond standard deviation, the risk measure we used so far, and look at the Value-at-Risk and Expected Shortfall which focus on potential large losses. Finally, we will use the financial instruments at our disposal to hedge market and currency risk.
Meet the Instructors
University of Geneva- Tony BerradaSFI Associate Professor of Finance
Geneva Finance Research Institute
University of Geneva- Ines ChaiebSFI Associate Professor of Finance
Geneva Finance Research Institute
University of Geneva- Jonas DemaurexTeaching Assistant
Geneva Finance Research Institute
University of Geneva- Rajna Gibson BrandonSFI Senior Chaired Professor of Finance and Managing Director of the GFRI
Geneva Finance Research Institute
University of Geneva- Michel GirardinLecturer in Macro-Finance - Project Leader for the "Investment Management" specialization
Geneva Finance Research Institute
University of Geneva- Philipp KruegerSFI Assistant Professor of Finance
Geneva Finance Research Institute
University of Geneva- Kerstin PreuschoffAssociate Professor of Neurofinance and Neuroeconomics
Geneva Finance Research Institute
University of Geneva- Olivier ScailletSFI Senior Chaired Professor of Finance and Vice-dean (research) at GSEM
Geneva Finance Research Institute
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