INTERNATIONAL FINANCE
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
IF4414	International Fund Management and Hedge funds	Fall Spring	3	0	3	6

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Departmental Elective
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Dr. Öğr. Üyesi BAHAR KÖSEOĞLU
Recommended Optional Program Components:	None
Course Objectives:	The aim of the course is to be an introduction to Hedge funds. The goal is to provide a complete overview of the main characteristics of hedge funds including their economic function, strategies employed, due diligence issues, abnormal return characteristics, risk profiles and types of risks managed. The perspective will be from a financial institution’s perspective (i.e. pension funds, insurance companies, etc) and from the viewpoint of wealthy domestic and foreign investors.

Learning Outcomes

The students who have succeeded in this course;
1.understand the the risk profile of a fund’s structure, investment strategy, leverage and liquidity
2.understand the financial analytic tools required to benchmark the performance and risk profile of a fund and hedge fund
3.Evaluate the structural risks and rewards of exposures to funds
4.understand the valuation of the hedge funds

Course Content

risk profile of a fund’s structure, investment strategy, leverage and liquidity, performance and risk profile, structural risks and rewards, valuation methods

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Introduction to Hedge Funds
2)	Types of Hedge Funds
3)	Types of Hedge Fund Investors
4)	Hedge Fund Investment Techniques
5)	Hedge Fund Categories
6)	Hedge Fund Business Models
7)	Midterm Exam
8)	Performance Measurement
9)	Hedge Fund Valuation Techniques
10)	Hedge Fund Leverage
11)	Size and Growth of the Hedge Funds
12)	Contrasting Mutual Funds with Hedge Funds
13)	Why invest in Hedge Funds
14)	Leverage using Derivatives Securities (Futures, Option and Swap Markets)

Sources

Course Notes / Textbooks:	The Hedge Fund Book: A Training Manual for Professionals and Capital-Raising Executives 1st Edition by Richard C.Wilson
References:	None

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Homework Assignments	1	% 10
Presentation	1	% 20
Midterms	1	% 30
Final	1	% 40
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 60
PERCENTAGE OF FINAL WORK		% 40
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	14	3	42
Study Hours Out of Class	14	2	28
Homework Assignments	1	15	15
Midterms	1	30	30
Final	1	35	35
Total Workload			150

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To correctly identify the problems and to be able to ask the correct questions	4
2)	To have the ability for problem solving and to utilize analytical approach in dealing with the problems of finance	4
3)	To understand and grasp the full details of theoretical arguments and counter arguments	4
4)	To be fully prepared for a graduate study in finance and to have lifelong learning awareness	3
5)	To be able to apply theoretical principles of finance to the realities of practical business life	4
6)	To develop solutions for managerial problems by understanding the requirements of international financial markets	5
7)	To think innovatively and creatively in complex situations	5
8)	To be able to make decisions both locally and internationally by knowing the effects of globalization on business and social life	5
9)	To have the competencies of the digital age and to use the necessary financial applications	4
10)	To be able to use at least one foreign language both for communication and academic purposes	4
11)	To understand the importance of business ethics and to take decisions by knowing the legal and ethical consequences of their activities in the academic world and business life	2
12)	To develop an objective criticism in business and academic life and having a perspective to self-criticize	4