Executive Education

ALTERNATIVE INVESTMENTS

The main aim of the course is to provide a thorough understanding of the private equity approach and the hedge fund industry. Both industries have experienced very significant growth rates in the recent past and play a prominent and still growing role in financial markets but also in the funding of companies as well as their operations. The underlying philosophy of the module is to carve out the special features and mechanisms of these key players in the financial markets by comparing them to other investors and to the conventional corporate finance approach.

Contact

Ludmila Ketterer

 +49 69 798 33512

 E-Mail

Course
Format

This course is offered in the part-time Master in Finance program and may be attended on a “no credit” basis by individuals not enrolled in the program. Course participants are visitors who are not responsible for assignments and do not take an exam. As the number of seats in the course is limited, we recommend to register online early.

Learning
Objectives

Upon completion of this course, you will:

Understand the main structure of private equity and hedge funds

Better understand the private equity cycle (consisting of selecting, financing, norturing firms and finally exiting)

Capture the particular approach of private equity firms as active investors

Understand the different types of hedge funds

Investigate the different strategies of hedge fund and their average performance

Discuss the „locust“ accusation

Key
Concepts

Venture Capital and Leveraged Buy-Out
Public versus private equity
Closed-end funds
Private Equity Cycle
Hedge Fund Strategies
Role of leverage
Initial Public Offerings and Trade Sales

Faculty

Prof. Dr. Uwe Walz

Prof. Dr. Uwe Walz holds the Chair of Industrial Organization at Goethe University, and is co-Director of the PhD Program in Economics. Uwe Walz received his Ph.D. in economics from the University of Tübingen in 1991 and completed his habilitation at the University of Mannheim in 1995. Prior to joining the faculty of Goethe University in October 2002 he was a Professor of Economics at the University of Bochum (1995-1997) and at the University of Tübingen (1997-2002). Furthermore, he was a visiting research fellow at the London School of Economics and at the University of California at Berkeley. Prof. Walz is Director of the research program “Entrepreneurial Finance” at the Center for Financial Studies (CFS) and research professor at the center for European Economic Research (ZEW). His main current research focuses on private equity, entrepreneurial finance and contract theory as well as on the economics of network industries. Prof. Walz has published widely in international journals, most recently on venture capital topics and organizational design. His work has appeared in journals such as the Journal of Corporate Finance, the Journal of Financial Intermediation, the Journal of International Economics, the European Economic Review, and the Journal of Public Economics.

Key Facts

Course materials

Course materials will be provided in electronic form.

Language

English

Venue

Campus Westend of Goethe University Frankfurt.

Certificate of participation

A GBS certificate of participation is awarded upon completion of the course.

Course Fee*

€ 1.900 (fee is exempt from VAT). The fee for GBS students or alumni amounts to € 800.

*Withdrawal and fee refund
In case the course withdrawal request is received two weeks prior to the start of classes, GBS will retain a withdrawal fee of €50. In case the course withdrawal request is received less than two weeks prior to the start of classes, GBS will retain 50% of the payment made.

Course Schedule
Date Time
Sat., Oct. 2, 2021 09:00-11:00
11:30-13:30
14:30-16:30
Fri., Oct. 15, 2021 13:00-15:00
15:30-17:30
Sat., Oct. 16, 2021 09:00-11:00
Fri., Oct. 29, 2021 12:00-14:00
14:30-16:30
Sat., Oct. 30, 2021 09:00-11:00
Fri., Nov. 12, 2021 13:00-15:00
15:30-17:30
Sat., Nov. 13, 2021 09:00-11:00
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There are two main things which make returning for Open Programs such a valuable and worthwhile experience. The first is being back on campus – meeting the current students, returning to campus again, the whole experience was just so pleasant. The second is the level of quality in the courses – the faculty teaching are absolute experts.

Stephan KieneDuke-Goethe Executive MBA Class of 2009

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