Asset Management

  • Teaching

    Details

    Faculty Faculty of Management, Economics and Social Sciences
    Domain Business Administration
    Code UE-EGE.00267
    Languages English
    Type of lesson Lecture
    Level Master
    Semester AS-2025

    Schedules and rooms

    Summary schedule Thursday 13:15 - 16:00, Hebdomadaire, PER 21, Room E130 (Autumn semester)
    Hours per week
    		3

    Teaching

    Teachers
    • Wallmeier Martin
    Assistants
    • Ceresa Tim
    • Perreten Thomas Daniel
    Description

    The course topics include: 

    - Overview of the Asset Management Industry
    - Mean-Variance Portfolio Theory
    - Sensitivity to Estimation Errors
    - Bayesian Estimators and the Black-Litterman Model
    - Risk Factor Models
    - Fundamental, Technical and Quantitative Analysis
    - Risk Premiums vs. Anomalies
    - Smart Beta and Factor Investing
    - Hedge Fund Strategies
    - Sustainable Investments
    - Performance Measurement
    Training objectives

    Students are able to apply and critically assess the main concepts and models of modern portfolio theory and investments. They are able to use these concepts to analyze financial instruments, financial innovations and investing strategies.
    Softskills No
    Off field No
    BeNeFri Yes
    Mobility Yes
    UniPop No

    Documents

    Bibliography Ang: Asset Management;Bodie/Kane/Marcus: Investments;Elton/Gruber/Brown/Goetzmann: Modern Portfolio Theory and Investement Analysis;Haugen: Modern Investment Theory;Campbell/Lo/MacKinlay: The Econometrics of Financial Markets;further literature will be given in class.
  • Dates and rooms
    Date Hour Type of lesson Place
    18.09.2025 13:15 - 16:00 Cours PER 21, Room E130
    25.09.2025 13:15 - 16:00 Cours PER 21, Room E130
    02.10.2025 13:15 - 16:00 Cours PER 21, Room E130
    09.10.2025 13:15 - 16:00 Cours PER 21, Room E130
    16.10.2025 13:15 - 16:00 Cours PER 21, Room E130
    23.10.2025 13:15 - 16:00 Cours PER 21, Room E130
    30.10.2025 13:15 - 16:00 Cours PER 21, Room E130
    06.11.2025 13:15 - 16:00 Cours PER 21, Room E130
    13.11.2025 13:15 - 16:00 Cours PER 21, Room E130
    20.11.2025 13:15 - 16:00 Cours PER 21, Room E130
    27.11.2025 13:15 - 16:00 Cours PER 21, Room E130
    04.12.2025 13:15 - 16:00 Cours PER 21, Room E130
    11.12.2025 13:15 - 16:00 Cours PER 21, Room E130
    18.12.2025 13:15 - 16:00 Cours PER 21, Room E130
  • Assessments methods

    Continuous evaluation and written exam - AS-2025, Session d'hiver 2026

    Date 08.01.2026 11:00 - 12:00
    Assessments methods By rating
    Descriptions of Exams

    Exam duration: 60 min.

    The grade will be based on two elements:

    1. A group work (1/3)
    2. The final exam of 60 minutes (2/3). The first element will only be considered if the grade is higher than the grade of the final exam.

    Course with continuous evaluation: after the registration period, you can no longer cancel your registration (see session calendar on the Faculty website).

    Written exam - SS-2026, Session de rattrapage 2026

    Assessments methods By rating
    Descriptions of Exams

    Exam duration: 60 min.

    Only as a retake exam
  • Assignment
    Valid for the following curricula:
    BeNeFri - Sciences économiques et sociales
    Version: 2018-SP_V01 - SES BeNeFri
    Course > Master course offering for BeNeFri Students
    Complementary learnings in SES or mobility students
    Version: ens_compl_ses
    Master course offering for Mobility Students - As of FS-2025 > Courses in Management
    Doc - Business Informatics
    Version: 20210713
    Elective courses > Wahlkurse UNIFR
    Doc - Economics
    Version: 2002-SA_V01
    Cours a choix > Wahlkurse UNIFR
    Doc - Economie quantitative
    Version: 2002-SA_V01
    Cours a choix > Wahlkurse UNIFR
    Doc - Management
    Version: 2002-SA_V01
    Cours a choix > Wahlkurse UNIFR
    Doc - Management in Nonprofit-Organisation
    Version: 2002-SA_V01 -60 ECTS Théoriques
    Elective courses > Wahlkurse UNIFR
    Doc - Sciences sociales
    Version: 2002-SA_V01
    Cours a choix > Wahlkurse UNIFR
    Doc - Sciences économiques et sociales
    Version: 2002-SA_V01
    Cours a choix > Wahlkurse UNIFR
    Ma - Accounting and Finance - 120 ECTS
    Version: 2024-SP_V03 - DD Caen - Dès SA-2025
    UniFr courses > Elective courses - Max 18 ECTS > SES Master level courses > Master's level SES elective courses in Management
    UniFr courses > Finance module: at least 2 of the core courses (see "Annexe 1" of the Convention) must be validated. > FIN: Finance > Core courses
    Ma - Accounting and Finance - 90 ECTS
    Version: 2021-SA_V03 - Dès SA-2025
    Course - 72 ECTS > Finance module: at least 3 of the core courses must be validated. > FIN: Finance > Core courses
    Course - 72 ECTS > Elective courses from all Master's programmes at the university > SES Master level courses > Master's level SES elective courses in Management
    Ma - Business Communication : Business Informatics - 90 ECTS
    Version: 2024-SA_V03
    OPTION Information Management > Business Informatics Courses > Modules management > FIN: Finance
    Ma - Business Informatics - 90 ECTS
    Version: 2020-SA_V01
    Classes - min. 45 ECTS > Modules management - max. 15 ECTS > FIN: Finance
    Ma - Communication and Society - 90 ECTS
    Version: 2021-SA_V04 - Dès SA-2025
    Inter- & Transdisciplinary Perspectives > SES Master level courses > Master's level SES elective courses in Management
    Ma - Economics - 90 ECTS
    Version: 2021-SA_V05 - Dès le SA-2025
    Course selection for the Master WITHOUT options > Elective courses > Elective courses of the SES Faculty - max. 15 ECTS > SES Master level courses > Master's level SES elective courses in Management
    Le choix de l'option se fait par l'inscription au premier cours dans l'une des options possibles. > Business Economics > Elective courses in Business Economics > Wahlkurse der SES-Fakultät - max. 15 ECTS > SES Master level courses > Master's level SES elective courses in Management
    Le choix de l'option se fait par l'inscription au premier cours dans l'une des options possibles. > Quantitative Economics > Elective courses in Quantitative Economics > Courses from the SES faculty - max. 15 ECTS > SES Master level courses > Master's level SES elective courses in Management
    Le choix de l'option se fait par l'inscription au premier cours dans l'une des options possibles. > Sustainable Development and Social Responsibility > Elective courses in Sustainable Development and Social Responsibility > Elective courses of the SES Faculty - max. 15 ECTS > SES Master level courses > Master's level SES elective courses in Management
    Le choix de l'option se fait par l'inscription au premier cours dans l'une des options possibles. > Public Economics and Policy > Elective courses in Public Economics and Policy > Elective courses of the SES Faculty - max. 15 ECTS > SES Master level courses > Master's level SES elective courses in Management
    Ma - International and European Business - 90 ECTS
    Version: 2021-SA_V02 - dès SA-2025
    Courses > Additional courses > SES Master level courses > Master's level SES elective courses in Management
    Courses > Modules > One complete module taken from the following list > FIN Module validation element group > FIN: Finance > Core courses
    Courses > Modules > Elective courses of the management modules > Elective courses of the management modules > Elective courses for the Master in management
    Ma - Management - 90 ECTS
    Version: 2021-SA_V04 - Dès SA-2025
    Courses: min. 72 ECTS > Modules - min 54 ECTS > Minimum of 3 modules with a minimum of 18 ECTS and 2 core courses > Module FIN validation element group > FIN: Finance > Core courses
    Courses: min. 72 ECTS > Modules - min 54 ECTS > Elective courses taken outside a validating module > Elective courses in the management modules > Elective courses for the Master in management
    Courses: min. 72 ECTS > Elective courses > SES Master level courses > Master's level SES elective courses in Management
    Ma - Marketing - 90 ECTS
    Version: 2021-SA_V04 - Dès SA-2025
    Courses - min. 72 ECTS > Elective Master courses from the whole university > SES Master level courses > Master's level SES elective courses in Management
    MiMa - Business Informatics - 30 ECTS
    Version: 2020-SA_V01
    Cours > Modules management > FIN: Finance
    MiMa - Management - 30 ECTS
    Version: 2021-SA_V01
    Elective courses - 30 ECTS > FIN: Finance