Portfolio Management For Investors And Debtors 2023 - Mannheim | Schwabe, Ley & Greiner | 21 May 2023 | Mannheim

Investments in stocks, bonds or funds require a systematic approach to yield targets and risk tolerance. But debtors are also confronted with cost targets and financing risks. Since the task of the treasurer is usually the definition of the corresponding specifications, the seminar deals with the tension between risk and return (in the sense of Markowitz's portfolio theory), the possible portfolio goals and the performance measurement. Furthermore, the question of which components a complete guideline must contain in order to do justice to this task is dealt with.

Main Topics:
Risk and return
• How can risk be measured?
• How is a portfolio risk (Value-at-Risk, VaR) calculated and what role do correlations play?
• How can the probability of loss be calculated?
• What is the relationship between risk and return - what does Markowitz's portfolio theory say about this?

Portfolio goals
• What are the debtors' goals?
• What are the goals of investors?
• Which instruments are suitable for the purpose of an investment?
• What influence does the investment horizon have on the investment decision?

Policy
• What are the components of an investment (or debt) portfolio policy?
• What risks are there that should be regulated and what opportunities or sources of income do they contain?
• What is a benchmark and what is it used for?

Performance measurement
• How is a capital-weighted return calculated and what does it say?
• How is a time-weighted return calculated and what does it say?
• How are the key figures Sharp Ratio, Risk-Adjusted Performance and Information Ratio determined and what can be derived from them?

2023 Speakers

Bernhard Kastner
Manager, Schwabe, Ley & Greiner

Thomas Dirnbauer
Senior Consultant, Schwabe, Ley & Greiner