Fixed Income and Commodities Investments: Focus on Latin America and the Caribbean

 

Audience: Senior Executives
Duration: 4 hours
Location: Miami Business School, University of Miami

Overview

The objective of this module is to provide an advanced theoretical and practical understanding of various investment choices, with a specific focus on fixed income and alternative instruments, such as commodities, credit derivatives, and asset backed securities. Every portfolio manager needs to have fixed income and commodity investment strategies in her arsenal. Such strategies provide diversification as well as opportunities for large returns. This module will cover three important topics:

  1. Mechanics and valuation of fixed income securities. Discussion will include macroeconomic issues, fiscal policy, monetary policy, interest rate risk, and sovereign credit risk, among other issues.
  2. Credit Derivatives, Interest Rate Derivatives and ABS securities: Operations and Pricing.
  3. Country and commodity specific concerns for Latin America and the Caribbean: inflation, political climate, current account deficit, foreign direct investments.

After completing the module, you should be able to:

  1. Understand the costs and benefits of various investment options for an affluent household.
  2. Compare the costs and benefits of various forms of investing decision from the perspective of an asset manager such as a hedge fund manager, or a private bank.
  3. Evaluate the risks of a complex portfolio.
  4. Understand how macroeconomic and other issues affect investments in general.

Exercise: Use excel based tools within a case to discuss potential investment strategies, their risks and their potential rewards.

Faculty


Indraneel Chakraborty

Professor Indraneel Chakraborty is a faculty member in the finance department at Miami Business School. He has a Ph.D. in finance from Wharton with masters from Massachusetts Institute of Technology and bachelors from Indian Institute of Technology (President of India Gold Medalist). He has worked for Citadel Investments and Citigroup Global Markets Inc. for their fixed income divisions. He has won multiple awards for his research and holds six patents for his work on Bluetooth. He teaches classes on Alternative Investments and Financial Institutions at the University. He advises the city of Ft. Lauderdale on their pension plans and provides consulting to Wells Fargo Investment Banking division. His work has been presented at prestigious venues including University of Chicago, Stanford, Harvard, Cornell, IMF, the U.S. Federal Reserve, World Bank, European Central Bank, Bank of Chile, National Bureau of Economic Research, American Finance Association, among others. His work has been published in major journals including Journal of Financial Economics, Journal of Monetary Economics, Review of Financial Studies, Management Science, and the Economic Journal and has been featured in the Economist, Wall Street Journal, Reuters, etc.
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