The manager selection process is embedded in the overall investment process of the organization. Therefore it is critical to have a firm understanding of the investor’s strategic objectives, its investment beliefs, its ESG policy and its internal and external governance policy. From that you can start building the manager selection process, which involves at least the following steps: construction of a long list, development of a Request for Proposal (RFP), evaluation of the RFP, visiting the managers on the short list, the operational and legal due diligence and the final decision making. You will develop the required skills for the manager selection process by working on a real life case study. You will also build your own dashboard to monitor the external managers, which enables you to stay in control after the managers have been selected.
• Understanding how the manager selection process fits within the overall investment process
• Understanding of the role of the different investment functions with regards to the manager selection, monitoring and evaluation process
• Ability to construct a Request For Proposal (RFP) containing all the information needed to evaluate the investment proposals
• Ability to evaluate the RFP both with regards to the financial and non-financial information
• Understanding the main operational and legal risks covered by the Operational Due Diligence (ODD) and Legal Due Diligence (LDD)
• Understanding the specifics of the manager selection process for private markets mandates (with a focus on private equity and private debt)
• Ability to construct a dashboard which can be used by both the investment professionals and the board to monitor and evaluate the external asset managers
Topics include:
• The design of a manager selection process, and its link to the investor’s investment objectives, investment beliefs, its ESG policy and governance structure
• Application of the different steps of the manager selection process by using a real-life case study
• The specifics of the manager selection process for managers in private markets (private equity and private debt)
• Design of a dashboard to effectively monitor and evaluate managers that have been selected
Ideally you are a mid to senior career professional. Typically you work as:
• investment manager
• portfolio manager
• risk manager
• investment advisor
• fiduciary manager
• client manager
• financial analyst
• researcher
Participants could also work in a capacity of trustee, work for a regulatory authority or hold a supervisory position.
Dates:
The module is scheduled to start on January 22, 2024. The schedule of classes is as follows:
Lecturers:
Hans de Ruiter
Cost of Learn module(s):
1 module 2.295 euro
2 modules or more 2.195 euro per module
For members of CFA Society Netherlands:
1 module 2.050 euro
2 modules or more 1.950 euro per module
Employers who would like to enroll several employees may receive a customised offer.
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