Modern Portfolio Theory

• Optimisation and the efficient frontier
• The Capital Asset Pricing Model (CAPM)
• The Arbitrage Pricing Model
• Multifactor analysis

Asset Allocation

• Strategic asset allocation
• Tactical asset allocation
• Geographic versus industry allocation
• Overlay strategies

Bond Portfolio Management

• Valuation of bonds
• Risks in bond investment
• Risk attribution models
• Styles of active and passive management

Equity Portfolio Management

• Adding value as an active manager
• Styles of equity management
• Behavioural finance

Use of Derivatives by Investment Managers

• Characteristics and pricing of futures and options
• Using futures for asset allocation and index funds
• Using options to achieve risk and return objectives

Hedge Funds

• Strategies
• Risk and return measures

Performance Measurement

• Impact of transaction costs
• Measuring returns and performance attribution
• Risk-adjusted performance
• Evaluating investment managers' performance