This five-module, practitioner-oriented course focuses on understanding how the yield curve affects portfolio strategies and risk management. The course includes interactive exercises to help teach and interpret future and implied spot rates, duration and convexity, and the use of option-adjusted spreads in different types of securities. An interactive online version of this course is available for purchase. Bernd Hanke, CFA, currently works as a consultant in the investment management field.
Until , he was an asset manager at GSA Capital Partners LLP, a London-based hedge fund; while there, he researched quantitative equity and portfolio management in a market-neutral context. Hanke served as a vice president in Quantitative Investment Strategies at Goldman Sachs Asset Management in New York City, where he focused on quantitative equity return and risk modeling that was used to manage long-only mutual funds as well as market-neutral hedge funds.
He received his PhD in finance from the London Business School, concentrating on empirical asset pricing and the impact of liquidity on asset prices. Hanke became a CFA charterholder in Seals, CFA, is the director of Fixed Income and Behavioral Finance at CFA Institute in Charlottesville, Virginia, where he develops educational content, programming, conferences, and publications related to fixed income and behavioral finance for charterholders.
Seals spent 14 years at Smith Breeden Associates, most recently in the position of senior portfolio manager and principal of the firm. He managed institutional core fixed-income portfolios and specialized in investment-grade corporate debt.
Seals has also traded and managed portfolios of mortgage-backed securities. Prior to his money management career, Mr. Seals taught introductory finance courses at California State University and St. Access the content you requested. May require logging in if you have not already done so. Log in to view the content if you have access to this publication, or if you have purchased this content through Pay Per Article within the past 30 days.
February , Volume Issue 1. Trading Strategies and Their Assessment. CFA Institute members Access the content you requested. Log In Log in to view the content if you have access to this publication, or if you have purchased this content through Pay Per Article within the past 30 days.
Users who read this article also read Factor Investing and Asset Allocation: A Business Cycle Perspective. Research Foundation Publications , Dec Research Foundation Publications , May Reflections on the Past for Investors Today.
Factor Investing and Asset Allocation:More...