The following information is for 2023. The details will be updated before the start of A semester.
1.Introduction
Introduction to financial engineering.
2.Overview of Recent Developments of International Financial Cooperation(Ms. Tomoda, Bank of Japan)
3.Bankruptcy
Flow of funds within a corporation
Theoretical stock price
Geometric Brownian motion with drift
Risk vs. return for companies
Bankruptcy and insolvency
Credit rating tiers
4.Financial instruments
5.Alternative business (Mr. Okamura, CEO of S&S investments)
Introduction to the alternative investment
Risk management in the business sector
6.How traders manage their exposures
7.Mutual funds and hedge funds
8.Private equity investment (Dr. Akaike, CVC senior partner, CEO of CVC Japan)
Introduction to PE investment
Importance of fund manager selection
Mechanism of PE investment
Value creation at the portfolio companies
Asset scale of PE fund
Some cases of an elicitation of risk
Buyout investment process
Strategic/commercial due diligences
Parties involved in the deals
Value for investors created by the PE funds via 3 principal levers
Source of the investment profits
Value chain of the fund management business
Overall picture of risk at due diligence phase
Task areas covered by the due diligence
Risk control through assignment agreement
Overview of the risk diversification
Difference between individual and group risk
From risk-taking to risk control
Valuation of the Japan/Asian PE market
Case studies of historical investments by CVC
9.Value at Risk and expected shortfall
10.Interest rate risk
11.Risk of free money