The Investment Management Process
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PROGRAM OUTLINE for this 3 day course in English

Covering the entire spectrum of the fund management process, learn how specified investment goals for the benefit of the investors are met by the fund management industry

Gain in these 3 days a thorough theoretical and practical overview of the investment management process, by learning. the principles of the investment philosophy. Learn to set financial targets, understand the global risk, the markets, risk tolerance, the research needed, asset allocation techniques, portfolio and performance measurement. Learn: 

  • The different fund types and fund characteristics
  • The asset classes and associated risk
  • Modern portfolio theory
  • Comparative fund types and structures
  • Understanding benchmarks, mandates, investment objectives and constraints
  • Fund management styles
  • Performance and performance measurement
  • The fund documentation

Recommended background

This course is designed for all professionals directly or indirectly involved with financial decision making internally or externally wanting to gain international capital market, finance knowledge and wider management skills. Basic knowledge on financial instruments such as Equity, Debt and Funds are required.

What you will learn

The course has been designed to provide you with the perfect synergy between theory and practice. It begins by equipping you with a strong theoretical background on how markets operate and how to set financial objectives. This is then followed by a detailed, practical look if these targets can be achieved in the current economic climate and which asset allocation would be needed for the risk taken to achieve these targets. Also the techniques to manage risk and rebalanced portfolios are evaluated.

Course format

Practice-based learning and critical engagement is a key theme through all our courses allowing delegates to acquire the needed skills and techniques to be applied as soon as they are learned and developed.

A discussion forum is available allowing delegates to exchange ideas, reflect on learned issues or raise questions in between training dates. All course resources are available online, including audio and video material from industry experts.



Investing Philosophy:

  • The Time Value of Money
  • Investment philosophy
  • Risk and Return

Setting Financial Objectives:

  • The corporate and WACC
  • The private individual
  • The Asset Management Industry
  • The Time Horizon and Expected Return
  • Strategic Fit with the Market Environment
  • Risk Tolerance

Markets and Efficiency:

  • The Different Types of Markets
  • Equity Market
  • Fixed Income and Money Market
  • Foreign Exchange
  • Derivatives
  • Commodities
  • Real Estate
  • Funds and Hedge Funds
  • Private Equity

Market theory:

  • Perfect Markets theory
  • Efficient Market Theory (EMH)
  • Agency Theory
  • Signaling Theory
  • Portfolio Theory  


Day 2:

Global Risk and Financial Drivers:

  • Sovereign and Emerging
  • Central Banking
  • Economy
  • Systemic Risk
  • Regulation
  • Corporate Governance
  • Supranational
  • Foreign Direct Investment  

Other Global Risk Drivers:

  • Science, Technology, Energy Security, Natural Resources and Hazard, Climate Change
  • Terrorism and conflicts, Societal Risk,  Supply Chain Risk

Market Outlook:

  • A framework for Developing Capital Market expectations
  • Determine The Market Outlook
  • Market Expected Returns and Benchmarks

Asset Allocation:

  • Asset Allocation
  • Strategic versus Tactical Asset Allocation
  • Return objectives and Strategic Asset Allocation
  • The selection of Asset Classes
  • The Steps in Asset Allocation
  • Optimisation
  • Implementing Strategic Asset Allocations
  • Tactical Asset Allocation
Day 3:

Fixed Income Portfolio Management:

  • Framework for Fixed-Income Portfolio Management
  • Managing against a Bond Market Index
  • Managing Against Liabilities
  • International Bond Investing


Equity Portfolio Management:

  • Approaches to Equity investment
  • Passive Equity Investing
  • Active Equity Investing
  • Equity research and security selection

Risk Management:

  • Risk Management and Governance
  • Risk Management Framework
  • Identifying Risks
  • Identifying Risks by Asset Class
  • Measuring Risk
  • Managing Risk  

Execution of Portfolio Decisions:

  • The Context of Trading
  • The Cost of Trading
  • Types of Trades and Order Types
  • Trade Execution, Decision and Tactics

Performance and Rebalancing:

  • Monitoring the Portfolio
  • Rebalancing the Portfolio
  • Performance Evaluation
  • Performance Measurement
  • Benchmarks
  • Performance Attribution

Global Investment Performance standards (GIPS):

  • Background to GIPS
  • Provisions of the GIPS Standard



Participant feedback

*** A course with 10 participants is very good to favour the interactivity. Thanks for the perfect course content and lecture.

*** Very good course, teacher, and approach. Material available on-line prior the course + request to the participants about their expectations from the course.

*** A pleasant and knowledgeable instructor with a lot of interaction among participants.

*** An excellent course for people like myself.

*** Congratulations! Very well done. Nothing more to add.

Learn the way that suits you most!

Course Lecturers

Kris De Clercq, MBA

Kris has lectured finance to managers for more than 25 years in Europe and Eastern Europe. His teaching as an associate for a UK based global business school included “Issues in International Finance and Investments”,” Corporate Finance” and “Issues in IFRS”. His industry experience is over 20 years working for asset managers, investment banks, global custodians in the UK, Luxembourg and Belgium. He received a universities award for innovation in finance teaching and learning.  

Dr. Johannes Hofinger, MBA, FRM

Dr. Johannes Hofinger is specialized in Risk Management, Basel III, IFRS and regulatory reporting. His professional skills are reinforced by strong academic roots. He lectures for global business schools in corporate finance, managerial accounting and financial reporting. The main roles undertaken are lecturing, consulting and project management.  

Not convinced yet? Register to one of our "Free Online Open Event".
If none listed, request a seminar or personal talk

Books we studied for you

Companies who attended our courses


AG Insurance
Allianz Benelux
Argenta NV
AXA Belgium
Baloise Insurance
Banca Monte Paschi Belgio S.A.
Bank De Groof
Banking Association (Kosovo)
Belfius Investment Partners
BNP Paribas Fortis
Bpost Bank
Buy Way
CBC Bank
Celio Finance SPRL
Delen Private Bank
Delta Lloyd Life
Deutsche Bank AG
DKV Belgium
Ethias SA
Euler Hermes Services
Euroclear Bank SA/NV
Euroclear Investments
Europ Assistance
European Investment Bank - EIB (Luxembourg)
European Union - EDFIMC / ElectriFI
Flanders Investment & Trade
Gras Savoye Belgium
Incofin Investment Management
ING Bank België
KBC Bank
Ministry of European Integration (Kosovo)
National Bank of Belgium
NN Insurance Belgium
Record Bank
Société Générale Private Banking
The Royal Bank of Scotland (RBS)
Triodos Bank
VGD International -Audit & Tax
Wolters Kluwer Financial Services
Zurich Insurance plc, Belgium branch
Vanbreda International
Afton Chemical SPRL
Air Liquide
Allnex Belgium SA/NV
ANL Plastics
Arcelor Mittal ( Belgium & Luxembourg)
Axalta Coating Systems 
BASF Antwerpen
BASF Belgium Coordination Center
Beaulieu International Group
Borealis Polymers NV
Bridgestone Europe SA
CNH Industrial Belgium NV
Cofely Fabricom
Cytec Belgium
DOMO Chemicals (Germany)
Dow Corning
Electrolux Appliances AB - EMA- EMEA (SEE)
Engineered Pressure Systems International
European Owens Corning Fiberglas
Fost Plus
GDF Suez
Griffith Foods
Hamon & Cie
Heraeus Electro-Nite International NV
Jacobs Belgium
Milliken Europe
Niko Group
NXP Semiconductors - Prodis  (Netherlands)
SPX Cooling Technologies
Synventive Molding Solutions (Germany)
Vinçotte International
VPK Packaging Group NV
Yara Belgium NV
Antwerp World Diamond Centre
AVEVE Biochem NV
Carrefour Belgium
Delhaize Corporate Group
Abbott Logistics B.V. (Netherlands)
AbbVie (Canada)
Agfa HealthCare NV
AZ Sint-Blasius
Baxter International (Austria)
Catalent Pharma Solutions
CinnaGen (Tehran)
Datwyler Pharma Packaging International
Groep OZ ESV
Landelijke Christelijke mutualiteit (LCM)
Mutualités Libres: MLOZ
Novartis Pharma
SA Bristol- Myers Squibb Belgium NV
Stryker (Netherlands)
Terumo BCT Europe NV
Zorgbedrijf Antwerpen
AW Europe
Belgian Nuclear Research Centre (SCK-CEN)
Corelio Printing
De Persgroep Publishing nv
EDF Luminus
Elia System Operator
Engie Electrabel NV/SA
Eni Gas & power
Fluxys Belgium
Itineris NV
Agentschap Innoveren en Ondernemen
Europees Parlement
Ministry of European Integration
National Agency for Protection of Personal Data
Nationale Loterij
SD Diensten NV (SD Worx)
SESAR Joint Undertaking
Stad Antwerpen
Stadsbestuur Harelbeke
Syntra Brussel
UGent - FBW
Vrije Universiteit Brussel (VUB)
Acturus sprl
ARC Europe
BIA Africa
Bia Overseas
Brooser BE Operations 
Cipal Schaubroeck
Computer Task Group
Deloitte Accountancy
Egemin International
Enhesa International
FIS (former Clear2Pay)
Interel Group
K&L Gates
Matexi NV
Pricewaterhouse Coopers
PwC Tax Consultants
Vinçotte International sa
Alstom Belgium
ARC Europe 
Brussels Airport Company
De Lijn
D'Ieteren Auto
Gemeentelijk Havenbedrijf Antwerpen
Globachem nv
GSC Greensea Chartering 
HONDA Motor Logistics
Neovia Logistics
PSA Antwerp nv
Retail & Wholesale
Seatrade Reefer Chartering
Thalys International
Trimble T&L
Volkswagen Group Services
Wallenius Wilhelmsen Logistics Zeebrugge NV
Witzenmann Benelux nv

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