Syllabus Essay

453 WordsApr 21, 20152 Pages
HKUST School of Business and Management, Dept. of Finance FINA 4502: Asset Liability Portfolio Management Spring Semester 2015 Instructor: Prof. Philip Cheng Office: Room LSK 5087 Phone: 2358 7671 E-mail: Office hours: To be announced Lectures: (Prepared: December 2014) Friday 2:30- 4:20 pm Room LSK1027 Prerequisite: FINA 3104 (Investment Analysis and Portfolio Mgt.) ,or equivalent, or special approval for unusual circumstances A. Course Description New sound asset liability management is critical to the success of institutional portfolio management: banks, corporations, insurance companies, pension funds, etc. Practical strategies are needed to accomplish portfolio objectives via managing the mismatch of assets and liabilities due to either regulations, market conditions and other financial factors. A creative framework is important to portfolio profitability when operating in both developed and emerging countries. Selective asset classes need to be considered to optimize risks and achieve superior market performance and return on capital. In this course, practical applications and actual examples are emphasized in addition to basic strategies to optimize various asset risks. The student will benefit from insights how to manage assets in emerging countries given special challenges often not encountered in developed countries. B. Textbook Anthony Saunders and Marcia Cornett, FINANCIAL INSTITUTIONS MANAGEMENT (A Risk Management Approach, 8th Edition (International Edition 2011), McGraw Hill. ISBN 978-1-259-01085-9. C. Assessment Mini-presentation Research Project Examination Class participation Total 14m1215SYL4502ALM [Type text] Page 1 25% 40% 25% 10% 100% Note: Research Project and presentation structure details will be distributed separately in class. D. Course outline and textbook readings Class Week 1 2 3 4 5 6 7 8 9 10 11

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