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Alternative Market Briefing

Course combines beautiful theory with practical application

Wednesday, September 12, 2012

By Beverly Chandler, Opalesque London:

November 20th and 21st sees Singapore host the EDHEC-Risk seminar, Advances in Equity Portfolio Construction, co-tutored by EDHEC Business School Professor of Finance, Raman Uppal.

Designed to offer the technical and conceptual tools to understand better the limits and benefits of different portfolio construction approaches, and discussing alternative equity index strategies, in an interview with Opalesque, Uppal said: "This is a course which tells people that if they had £100m to invest and allocate across 100 stocks what is the best way to go about it."

Uppal explains that the course starts at a simple level, discussing how to measure the risks and returns from holding equities. "A key feature of the course is that although it starts at a simple level it also covers material at a deep level" Uppal says.

Opening with what Uppal calls the classical theory of forming portfolios, students and professors will discuss the work done by six Nobel prize winners. Uppal says: "The theory is very beautiful but the practice of portfolio selection is actually quite difficult. To use the theoretical models, you need to estimate the inputs - the average return of the stock; the volatility of the stock, and the correlation of stocks with other stocks, which are difficult to mea......................

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