The purpose of this workshop is for participants to learn about the art of Product Development in Asset Management. Product Development is a multi-disciplinary activity and requires different skills from different areas. A project manager is in the crossroads of all departments within Fund Management Companies (sales, compliance, legal, risk, investment teams, operational teams etc.) and needs to acquire a general understanding of the different constraints of all these teams. His objectives are (1) to identify client needs and provide investment ideas for the origination of new products and (2) manage the project from A to Z making sure that all parameters from the different teams have been optimised. This workshop will provide a detailed analysis of what a product manager should take into account in his activity of product origination.
There are two keys aspects that must be taken into account when originating a new investment product. The first one is what we could call its "economic substance" which would need to meet the client needs, obligation and financial constraints. The second one is what we could call the "legal substance" or the "regulatory format" (also called the wrapping) of the product that must be structured in a way to optimise legal and regulatory cost. This workshop will emphasizes these two main points by providing concrete and detailed materials.
Who should attend?
- Product Managers and Fund structurers that are in charge of developing new projects in the field of Asset Management Companies
- Product Managers (or team members) dedicated to specific teams (compliance team, legal team, operational team, risk team, marketing team etc.) that take part in development and origination project.
The workshop is taught using both theoretical theory and practical and interactive case studies. Economic structuring will require the use of Excel to price financial instruments that are used to match more precisely the client needs. Regulatory structuring will require the study of the regulation in detail and its application through detailed key study. Excel may be used for this purpose as well.