Household savings are pooled by mutual funds, who invest them in stocks, bonds, real estate, hedge funds, and other assets with the purpose of generating good returns given a chosen level of risk. Pension funds invest retirement contributions to generate long-term funds for future pensions payments. Hedge funds raise funds with the purpose of generating high returns by taking advantage of arbitrage opportunities in capital markets. What are sound strategies for each of these companies? What drives the prices of the securities (including derivatives) that they use? These questions are yours to discuss in the Asset Management track.
The programme assumes you already possess a reasonable knowledge of investments. You will learn more about the market microstructure of financial markets and how it affects prices (Financial Markets course), theories underlying the pricing of securities and important investment-related questions (Advanced Investments) and the pricing of derivative securities (Derivatives). In the last semester you can choose to specialise either in the behavioural aspects (Behavioural Finance), real estate or fixed income. Finally, you finish the programme with a thesis in the chosen field.
The Asset Management track of the Master’s programme Finance is a one-year programme of 60 ECTS credits (1 ECTS credit = 0.5 US credits). The academic year runs from September to the beginning of July and is divided into two semesters, each with three periods. Each period is rounded off with an examination. The curriculum is designed to provide you with a strong background in the field of finance in general, as well as sufficient options to pursue your specific interests.
The master's thesis is the final piece of work you will be required to complete prior to graduation. You will write the thesis in the field of your chosen track, and will be supervised by one of the researchers from this specialisation.
The content of the programmes directly reflects the Finance Group at the Amsterdam Business School (ABS), one of the top research-oriented finance departments in Europe. Benefit from the carefully designed tracks that will provide you with a long lasting background and framework for decision making. This track is informed by a strong link between academic scholarship and industrial practice, thanks to the University’s strong ties to and collaboration with the industry.