CORPFIN 2505 - Alternative Investments
North Terrace Campus - Semester 1 - 2022
General Course Information
Course Code CORPFIN 2505 Course Alternative Investments Coordinating Unit Adelaide Business School Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Prerequisites CORPFIN 1002, CORPFIN 1002UAC, CORPFIN 1002UACM Incompatible CORPFIN 3504 Course Description The purpose of this course is to present the principles of alternative investments in management. The course provides a detailed analysis of various classes of alternative investments in the financial markets. Alternative investment classes range from considering the role that venture capital, to real estate to artwork play in a well-diversified portfolio. The theoretical part of the course is meant to collect, systematize and deepen students? understanding of a given investment category, while the practical part of each focuses on an analysis of the current state of development of alternative investments on the global market and outlines the prospects of future market development.
Course Coordinator: Dr Tariq HaqueLecturer
Dr G M Wali Ullah
Campus: North Terrace
Building: Nexus 10 Tower, Room: 13.48
Campus: North Terrace
Building: Nexus 10 Tower, Room: 13.48
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesBy the end of this course, students should be able to:
1. Determine the different types of alternative investments (LO1)
2. Learn to identify what the return-risk characteristics of alternative investments are (LO2)
3. Measure the market value and associated risk-return characteristics of various alternative investments (LO3)
4. Identify the advantages and disadvantages of including alternative investments in a portfolio that includes traditional asset classes (LO4)
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s)
Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
Attribute 7: Digital capabilities
Graduates are well prepared for living, learning and working in a digital society.
Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
Required ResourcesThe textbook for this subject is:
Chambers, D.R., Black, K.H., Lacey, N.J., Alternative Investments: A Primer for Investment Professionals, CAIA Association, 2018
The textbook is downloadable for free from: https://www.cfainstitute.org/en/research/foundation/2018/alternative-investments-a-primer-for-investment-professionals
Learning & Teaching Activities
Learning & Teaching Modes
This course will be delivered via a 2-hour weekly lecture and a 1-hour weekly tutorial.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 10 hours of private study outside of your regular classes. Students in this course are expected to attend all seminars throughout the semester.
Learning Activities SummaryLecture Schedule
Topic Week Lecture 1 1 Introduction: Types of Alternative Investments And Their Characteristics 2 2-3 Private Real Estate & Illiquidity 3 3-4 Private Equity / Venture Capital 4 5-6 Real Assets: Commodities - Part 1 5 7-8 Hedge Funds 6 9-10 Collateralized Debt Obligations 7 11 Investment Process, Operations and Due Diligence 8 12 The Case for Investing in Alternatives & Course Summary
Two additional topics (Real Assets - Vacant Land, Farmland, Timberland, Infrastructure, Intellectual Property; and Collectibles) may also be covered, depending on how quickly the topics above are covered in lectures.
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Task Task Type Due Weighting Learning Outcome Mid-semester Test Individual
20% 1, 2, 3 Problem Set Assignment Group Week 11 30% 3, 4 Final Exam Individual Exam Period 50% 1, 2, 3, 4 TOTAL 100%
Assessment DetailAssessment Detail
(1) Problem Set (Worth 30%)
Students will complete a problem set, to be completed in groups of up to 4 students. Students are not required to come from the same tutorial. Each week (from Weeks 2 - 10), the lecturer will set one or two problems that students will need to solve in their groups. There will be no more than 15 problems to be solved, in total.
(2) Mid-Semester Test (Worth 20%)
Students will sit a mid-semester test (worth 20%) in Week 5 of Semester. Further details on the examinable material for this test, will be announced in the first lecture.
(3) Final Exam (Worth 50%)
A final exam, worth 50%, will be held in the end-of-semester examination period. Further details on the examinable material, will be announced closer to the date of the exam.
Please submit assignments through MyUni. Further details on assignment submission will be announced at the start of semester.
Assignment Guidelines for Referencing
Referencing is critical to any assignment or report. Correct referencing is important because it identifies the source of the ideas and arguments that you present and helps to avoid the problem of plagiarism. Please make use of The Accounting Review’s system of
referencing, which can be selected from EndNote referencing system.
Guidelines for the use of this style of referencing can also be found at: https://meridian.allenpress.com/DocumentLibrary/AAAN/MANUSCRIPT_PREPARATION_AND_STYLE.pdf
Return of Assignments and Feedback
Assignments will be returned to students within 2 weeks of the due date with written feedback. Students must not submit work for an assignment that has previously been submitted for this course or any other course without prior approval from the Course-Coordinator.
Late Assignment Submission
Students are expected to submit their work by the due date to maintain a fair and equitable system. A late assignment
will be penalised by a 5% mark reduction for each day that it is late.
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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