Wealth Management – Asset Management

Alternative funds: Hedge and Hedge Funds. Real Estate Funds. Management, assessment, commission regime and internal liquidity and how to allocate them to a capital. Funds linked to alternative investments, such as art and other types.

Basic elements for building an efficient portfolio. The Media-Variance Model and the Capital Asset Pricing Model: Limits and Effectiveness. Robust portfolio models: Black-Littermann and risk parity. Methodologies and Indicators of Investments and Investment Funds.

The behavior of investors on the market: the reaction in case of stress events. The perception of profitability in relation to the time horizon. The investor’s classification in relation to the investment horizon.

The psychology of the investor and the relationship between consultant and investor. How to schedule meetings and how to submit the Mifid questionnaire. How to understand the customer’s needs in relation to his or her life goals.

The course aims to introduce students to the most relevant issues (foundational and more advanced) of digital technologies, discussing the most important present and future consequences on the lives of individuals and on the structure and functioning of organizations and processes. The main topics covered are: fundamentals of computational systems, artificial intelligence, autonomous systems, conversational systems, computational logic, networks and security.

Innovation management is a critical variable within organizations. The need to maintain high productivity, continuously improve, and support frequent changes in technology and customer needs cannot be done without a method. All change makers must have tools and techniques in their professional toolkit to make the best use of people skills, starting with themselves, to succeed in an increasingly fast-paced and complex world.

Regulation of banking contracts, investment services, collective savings management, public savings appeal and listed companies.

Types of financial instruments available on the market and their features: shares, bonds, mutual funds, private equity funds, ETFs, ETCs. Market Indexes and their characteristics. Pricing of the most common financial instruments: government bonds. Duration and Convexity. Elements of the bank’s economy and financial intermediaries.

How to present a financial product: enhancing strengths. The management of a sales network of financial products. Approaches and techniques of marketing financial products. Network remuneration and collection management.

Elements of commercial law. Regulating the provision of off-the-shelf financial investment services.  Mifid and Mifid2 and optional regulations.

Pension systems and their sustainability over time, in relation to demographic and macroeconomic trends. Optimizing the individual retirement plan in relation to the norms and expectations of life and work. Pension planning and life insurance policies.

Taxonomy of risks: Market risk (price), counterparty risk, credit risk, settlement risk, exchange rate risk, liquidity risk. Market Risk Measures (Var, C-Var and Expected Shortfall): description, robustness, communication strategy of their meaning. Credit risk and related hedging methodologies (CDS). Liquidity risk: how to measure it. The role of derivative instruments: Futures, Forward. Swaps. Options: risk management through options.

The economic foundations  for the interpretation of financial markets. Basics of macroeconomics and basic economic policy. The impact of macroeconomic variables on financial ones. How to read macroeconomic information in terms of financial and portfolio planning. Allocation of Italian savings.

The tax regime of the most commonly used financial instruments. Planning and tax optimization of investments; family and individual assets.

In recent decades, sustainability practices and corporate social responsibility (CSR) have assumed primary importance for companies as well as for society in general. Although many companies have developed sustainability programs over the years, reducing carbon missions and the amount of waste by boosting operational efficiency on the other, we are seeing a mixture of sustainability tactics that do not increase sustainable strategies.

The purpose of this course is to start a debate about the role and functioning of modern societies when challenges, opportunities and possible solutions in the field of sustainability emerge. Specifically, the aim of the course is to investigate the links between CSR sustainability and the key role that digital technologies can play as a means of translating sustainability strategies into actual results.