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Executive Education
    ... Right arrow Harvard Business School Right arrow Executive Education Right arrow Programs for Individuals Right arrow Topic-Focused Programs Right arrow Investment Management Workshop Right arrow OverviewCurriculumTeaching Team
    ... Right arrow Harvard Business School Right arrow Executive Education Right arrow Programs for Individuals Right arrow Topic-Focused Programs Right arrow Investment Management Workshop Right arrow OverviewCurriculumTeaching Team

    Investment Management Workshop: Investing and Strategic Decision-Making

    Investment Management Workshop: Investing and Strategic Decision-Making
    • Upcoming Session
    • Carousel left arrow (1 of 1) Carousel right arrow
    • Dates: 19–24 JUN 2022
    • Format: In-Person
    • Location: HBS Campus
    • Fee: $11,250; CFA Institute Member/CFA® Program Candidate Rate: $10,500
    • Tuition, course materials, on-campus single accommodations, and meals. To ensure placement, payment is due within two weeks of acceptance into the program.
      Apply
      Download Brochure
      Apply
      Download Brochure
      Admissions Criteria and Process
    Apply
    Download Brochure
    Program Finder
    Need Help? Contact Us:
    CFA Institute
    Email: ProfessionalLearning @cfainstitute.org
    Telephone: 1.800.247.8132
    (outside U.S. & Canada +1.434.951.5499)
    Apply
    Download Brochure
    Program Finder
    Need Help? Contact Us:
    CFA Institute
    Email: ProfessionalLearning @cfainstitute.org
    Telephone: 1.800.247.8132
    (outside U.S. & Canada +1.434.951.5499)
    Amanda E. Agati

    "This program is unique because it brought together a diverse group of investment management leaders."

    Amanda E. Agati
    Co-Chief Investment Strategist, PNC Financial Services Group, U.S.
    Read Her Story
    Apply
    Download Brochure
    Program Finder
    Need Help? Contact Us:
    CFA Institute
    Email: ProfessionalLearning @cfainstitute.org
    Telephone: 1.800.247.8132
    (outside U.S. & Canada +1.434.951.5499)
    Amanda E. Agati

    "This program is unique because it brought together a diverse group of investment management leaders."

    Amanda E. Agati
    Co-Chief Investment Strategist, PNC Financial Services Group, U.S.
    Read Her Story
    Download Brochure
    Apply
    Program Finder
    Need Help? Contact Us:
    CFA Institute
    Email: ProfessionalLearning @cfainstitute.org
    Telephone: 1.800.247.8132
    (outside U.S. & Canada +1.434.951.5499)
    Juan Surgeon

    "This was truly a chance to fine tune those critical skills that combine to grow a successful and sustainable business."

    Juan Surgeon
    Chief Investment Officer, MMG Bank, Panama
    Read His Story
    Apply
    Download Brochure
    Program Finder
    Need Help? Contact Us:
    CFA Institute
    Email: ProfessionalLearning @cfainstitute.org
    Telephone: 1.800.247.8132
    (outside U.S. & Canada +1.434.951.5499)
    Juan Surgeon

    "This was truly a chance to fine tune those critical skills that combine to grow a successful and sustainable business."

    Juan Surgeon
    Chief Investment Officer, MMG Bank, Panama
    Read His Story
    Download Brochure
    Apply
    Program Finder
    Need Help? Contact Us:
    CFA Institute
    Email: ProfessionalLearning @cfainstitute.org
    Telephone: 1.800.247.8132
    (outside U.S. & Canada +1.434.951.5499)
    Print
    • Overview
    • Curriculum
    • Teaching Team
    • Participant Stories
    • Overview Dropdown down
      • Overview
      • Curriculum
      • Teaching Team
      • Participant Stories

    Summary

    For over 50 years, the Investment Management Workshop has convened the world's top principals, portfolio managers, and executives to explore the latest industry strategies and best practices. Focused on asset management, business strategy and development, and investment strategy and execution, the program helps you optimize your strategic edge. You will analyze key industry trends and challenges and return to your firm ready to evaluate and implement innovative investment approaches.

    This program is presented jointly by Harvard Business School (HBS) Executive Education and CFA Institute.

    Dropdown down Dropdown up

    Summary

    For over 50 years, the Investment Management Workshop has convened the world's top principals, portfolio managers, and executives to explore the latest industry strategies and best practices. Focused on asset management, business strategy and development, and investment strategy and execution, the program helps you optimize your strategic edge. You will analyze key industry trends and challenges and return to your firm ready to evaluate and implement innovative investment approaches.

    This program is presented jointly by Harvard Business School (HBS) Executive Education and CFA Institute.

    Key Benefits

    During this renowned industry forum, you will gain fresh insights into how the investment management industry is evolving—and how those changes could affect your strategies and your business. You will emerge better prepared to navigate the industry landscape, make optimal investments, manage risk, and create value.
    Read More
    Dropdown down
    Gain strategic insights into all segments of the industry
    Analyze complex challenges and potential solutions more effectively
    Broaden your range of potential investment and allocation strategies
    • Extend your network by living and working with accomplished investment industry executives from various backgrounds and countries across the globe
    • Build relationships with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions

    Key Benefits Dropdown down

    Key Benefits Dropdown down

    During this renowned industry forum, you will gain fresh insights into how the investment management industry is evolving—and how those changes could affect your strategies and your business. You will emerge better prepared to navigate the industry landscape, make optimal investments, manage risk, and create value.
    Gain strategic insights into all segments of the industry
    Analyze complex challenges and potential solutions more effectively
    Broaden your range of potential investment and allocation strategies
    • Extend your network by living and working with accomplished investment industry executives from various backgrounds and countries across the globe
    • Build relationships with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions

    Download Brochure

    Who Should Attend

    • Rising executives in investment management organizations—including hedge fund firms, private equity investing firms, pension funds, sovereign wealth funds, endowments, and investment consulting firms
    • Individuals involved in areas related to capital markets, such as corporate finance, brokerage, and mergers and acquisitions
    • General managers or specialists—such as chief investment officers, directors of investments, senior analysts, research directors, risk managers, portfolio managers, investment advisors, wealth managers, and principals

    Program for Leadership Development participants earn 4 PLDA Points on completion of this program.

    Participating Companies Have Included:
    ADIA
    APG
    DWS
    Edward Jones
    Fidelity
    HSBC
    Liberty Mutual
    Prudential Capital Group
    SWIB
    Vanguard
    Dive Deeper into the Experience
    Play video
    Play video
    Inside the ClassroomInside the Classroom
    See how exchange with faculty and peers yields new insights into critical business trends.
    Watch the VideoWatch the Video
    Play video
    Play video
    We Celebrate New Ways of Thinking. Are You Ready?We Celebrate New Ways of Thinking. Are You Ready?
    Thrive in a learning environment that welcomes diverse ideas and perspectives.
    Watch the VideoWatch the Video
    Play video
    Play video
    Discover more about business. And yourself.Discover more about business. And yourself.
    Global perspectives > Leadership growth > Organizational impact.
    Watch the VideoWatch the Video
    Dropdown down Dropdown up

    Who Should Attend

    Download Brochure

    • Rising executives in investment management organizations—including hedge fund firms, private equity investing firms, pension funds, sovereign wealth funds, endowments, and investment consulting firms
    • Individuals involved in areas related to capital markets, such as corporate finance, brokerage, and mergers and acquisitions
    • General managers or specialists—such as chief investment officers, directors of investments, senior analysts, research directors, risk managers, portfolio managers, investment advisors, wealth managers, and principals

    Program for Leadership Development participants earn 4 PLDA Points on completion of this program.

    Participating Companies Have Included:
    ADIA
    APG
    DWS
    Edward Jones
    Fidelity
    HSBC
    Liberty Mutual
    Prudential Capital Group
    SWIB
    Vanguard
    Dive Deeper into the Experience
    Play video
    Play video
    Inside the ClassroomInside the Classroom
    See how exchange with faculty and peers yields new insights into critical business trends.
    Watch the VideoWatch the Video
    Play video
    Play video
    We Celebrate New Ways of Thinking. Are You Ready?We Celebrate New Ways of Thinking. Are You Ready?
    Thrive in a learning environment that welcomes diverse ideas and perspectives.
    Watch the VideoWatch the Video
    Play video
    Play video
    Discover more about business. And yourself.Discover more about business. And yourself.
    Global perspectives > Leadership growth > Organizational impact.
    Watch the VideoWatch the Video

    Learning and Living at HBS

    When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.

    Review Our Campus Health & Safety Protocols

    Dropdown down Dropdown up

    Learning and Living at HBS

    When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.

    Review Our Campus Health & Safety Protocols

    Admissions Criteria and Process

    We admit candidates to specific sessions on a rolling, space-available basis, and encourage you to apply as early as possible. Although most programs have no formal educational requirements, admission is a selective process based on your professional achievement and organizational responsibilities.
    Read More
    Dropdown down

    Answering Your Questions

    If you have any questions about the program or application process, please email ProfessionalLearning@cfainstitute.org

    Application Submission

    We recommend that you apply at least four weeks before the program start date. You may use our online form or download an application. HBS maintains all application information in strict confidentiality. We acknowledge receipt of applications via email. In the unlikely event that you do not receive an acknowledgment, please email us at ProfessionalLearning@cfainstitute.org or call us at +1.800.247.8132 (outside the U.S. & Canada +1.434.951.5499).
    Along with your application, please inform us of any dietary restrictions or any needs for services to accommodate a disability.

    Application Review

    To optimize the learning experience and maximize the exchange of ideas, our Admissions Committee makes selections that balance each participant's experience, scope of current responsibilities, and type of organization. HBS seeks candidates who reflect a broad range of industries, functions, countries, and backgrounds. We review applications monthly and will contact you via email with the Admissions Committee's decision.

    Fee, Payment, and Cancellations

    The $11,250 program fee ($10,500 program fee for CFA Institute Members/CFA® Program Candidates) includes tuition, course materials, on-campus single accommodations, and most meals. No payment is necessary until you have been accepted. To hold your place, please submit payment within two weeks of acceptance into the program. If you must cancel, submit your request in writing to ProfessionalLearning@cfainstitute.org. You may be subject to a fee, depending on exactly when you cancel:

    • Cancellations within 30 days prior to the start of the program will be subject to a $3,715 fee ($3,465 for CFA Institute Members/CFA® Program Candidates)
    • Cancellations within seven days prior to the start of the program will be subject to a $7,425 fee ($6,930 for CFA Institute Members/CFA® Program Candidates)
    • Cancellations after the start of the program will be subject to the full payment. Substitution and registration sharing are not permitted.

    Preparing to Attend

    Business casual attire is appropriate for the workshop. Study materials and cases will be made available to you prior to your arrival. Given the intensive schedule during the program, advance preparation is required so that you can maximize the value of your time on campus.

    Admissions Criteria and Process Dropdown down

    Admissions Criteria and Process Dropdown down

    We admit candidates to specific sessions on a rolling, space-available basis, and encourage you to apply as early as possible. Although most programs have no formal educational requirements, admission is a selective process based on your professional achievement and organizational responsibilities.

    Answering Your Questions

    If you have any questions about the program or application process, please email ProfessionalLearning@cfainstitute.org

    Application Submission

    We recommend that you apply at least four weeks before the program start date. You may use our online form or download an application. HBS maintains all application information in strict confidentiality. We acknowledge receipt of applications via email. In the unlikely event that you do not receive an acknowledgment, please email us at ProfessionalLearning@cfainstitute.org or call us at +1.800.247.8132 (outside the U.S. & Canada +1.434.951.5499).
    Along with your application, please inform us of any dietary restrictions or any needs for services to accommodate a disability.

    Application Review

    To optimize the learning experience and maximize the exchange of ideas, our Admissions Committee makes selections that balance each participant's experience, scope of current responsibilities, and type of organization. HBS seeks candidates who reflect a broad range of industries, functions, countries, and backgrounds. We review applications monthly and will contact you via email with the Admissions Committee's decision.

    Fee, Payment, and Cancellations

    The $11,250 program fee ($10,500 program fee for CFA Institute Members/CFA® Program Candidates) includes tuition, course materials, on-campus single accommodations, and most meals. No payment is necessary until you have been accepted. To hold your place, please submit payment within two weeks of acceptance into the program. If you must cancel, submit your request in writing to ProfessionalLearning@cfainstitute.org. You may be subject to a fee, depending on exactly when you cancel:

    • Cancellations within 30 days prior to the start of the program will be subject to a $3,715 fee ($3,465 for CFA Institute Members/CFA® Program Candidates)
    • Cancellations within seven days prior to the start of the program will be subject to a $7,425 fee ($6,930 for CFA Institute Members/CFA® Program Candidates)
    • Cancellations after the start of the program will be subject to the full payment. Substitution and registration sharing are not permitted.

    Preparing to Attend

    Business casual attire is appropriate for the workshop. Study materials and cases will be made available to you prior to your arrival. Given the intensive schedule during the program, advance preparation is required so that you can maximize the value of your time on campus.

    What You Will Learn

    Throughout five intensive days, you will be immersed in a rich learning experience that includes faculty presentations, cases studies, industry guest speakers, and small group discussions. Cases will examine current and emerging developments in asset management. Often, case protagonists—individuals intimately involved in or directly affiliated with the cases being studied—attend one of the case discussions

    Dropdown down Dropdown up

    What You Will Learn

    Throughout five intensive days, you will be immersed in a rich learning experience that includes faculty presentations, cases studies, industry guest speakers, and small group discussions. Cases will examine current and emerging developments in asset management. Often, case protagonists—individuals intimately involved in or directly affiliated with the cases being studied—attend one of the case discussions

    Insight from Industry Experts

    In addition to the visits from case protagonists, the program also features guest speakers from leading investment organizations. These accomplished, senior-level professionals will share insights into how they have overcome critical business challenges.
    Read More
    Dropdown down
    Past speakers have included:
    • Phill Gross, Co-Founder and Managing Director, Adage Capital Management
    • Byron Wien, Vice Chairman of Private Wealth Solutions Group, Blackstone
    • Paula Volent, Vice President and Chief Investment Officer, The Rockefeller University

    Insight from Industry Experts Dropdown down

    Insight from Industry Experts Dropdown down

    In addition to the visits from case protagonists, the program also features guest speakers from leading investment organizations. These accomplished, senior-level professionals will share insights into how they have overcome critical business challenges.
    Past speakers have included:
    • Phill Gross, Co-Founder and Managing Director, Adage Capital Management
    • Byron Wien, Vice Chairman of Private Wealth Solutions Group, Blackstone
    • Paula Volent, Vice President and Chief Investment Officer, The Rockefeller University

    A Continually Refreshed Curriculum

    The workshop teaching team continually refreshes the curriculum with new topics and cases, ensuring that content addresses emerging developments in investment management. The overall workshop content is renewed every three years.

    Dropdown down Dropdown up

    A Continually Refreshed Curriculum

    The workshop teaching team continually refreshes the curriculum with new topics and cases, ensuring that content addresses emerging developments in investment management. The overall workshop content is renewed every three years.

    Key TopicsExpand AllCollapse All

    Investment strategiesInvestment strategies
    Dropdown down
    • Evaluation and implementation of innovative investment strategies across all industry segments
    • Investment decisions in a world of expected low returns
    • Challenges of size for both asset allocators and asset managers
    • Strategic drivers of growth and profitability
    • New approaches to investment policy design and execution
    • Organization of institutional investors
    • Drivers of success for activism as an investment strategy
    • Co-investments in private markets
    Industry evolutionIndustry evolution
    Dropdown down
    • Disruptive innovations in the investment management industry
    • Search for alpha in today's environment
    • Implications of the growth in index investing for markets and for the investment management industry in general
    • Rise of smart beta investing and its implications
    • Fintech as a disruptive industry force and strategic responses from incumbents
    • Future of hedge funds and private equity
    • Innovative fee structures for institutional investors
    • Trade execution in a world of high-frequency trading and multiple execution venues
    • Liquidity management in uncertain times
    • Valuation and M&A of investment management firms

    Key Topics Dropdown up

    Key Topics Dropdown down

    Investment strategies

    • Evaluation and implementation of innovative investment strategies across all industry segments
    • Investment decisions in a world of expected low returns
    • Challenges of size for both asset allocators and asset managers
    • Strategic drivers of growth and profitability
    • New approaches to investment policy design and execution
    • Organization of institutional investors
    • Drivers of success for activism as an investment strategy
    • Co-investments in private markets

    Industry evolution

    • Disruptive innovations in the investment management industry
    • Search for alpha in today's environment
    • Implications of the growth in index investing for markets and for the investment management industry in general
    • Rise of smart beta investing and its implications
    • Fintech as a disruptive industry force and strategic responses from incumbents
    • Future of hedge funds and private equity
    • Innovative fee structures for institutional investors
    • Trade execution in a world of high-frequency trading and multiple execution venues
    • Liquidity management in uncertain times
    • Valuation and M&A of investment management firms

    Case ExamplesExpand AllCollapse All

    Trian Partners and DuPontTrian Partners and DuPont
    Dropdown down
    • Highly engaged shareowners: Short-term versus long-term activism
    • Private equity in public markets: Operationally focused activism as an investment strategy; implementation, risks, and funding
    • Beyond private equity: Influencing very large capitalization companies
    • Activism and indexing: The future of capitalism and the separation of management and ownership
    Brown Capital ManagementBrown Capital Management
    Dropdown down
    • Small company growth equity investing
    • Managing investing capacity constraints to grow assets
    • Identifying and managing talent for investing success
    • Underrepresented minorities among investment professionals
    Baupost Group: Finding a Margin of Safety in London Real EstateBaupost Group: Finding a Margin of Safety in London Real Estate
    Dropdown down
    • Deep value investing, with an application to real estate investing
    • Understanding what entails investing with a "margin of safety:" Deal structure and price
    • Structural and developed edges in investing
    Pershing Square's Pandemic TradePershing Square's Pandemic Trade
    Dropdown down
    • Preparing for extreme events and global risks
    • Tail risk and how to manage it
    • Identification and evaluation of alternative hedging strategies
    • Dynamic execution of hedging strategies
    Finding Value: Paradigm CapitalFinding Value: Paradigm Capital
    Dropdown down
    • Modern value investing: The role of specialization in deal sourcing; characteristics of attractive targets; evaluation of deal flow; investing and divesting
    • Hybrid investing
    • The location dilemma: Location of capital and talent versus location of opportunities
    Raising Capital at ShawSpring PartnersRaising Capital at ShawSpring Partners
    Dropdown down
    • Tech and growth investing
    • Seeding new managers: Deal structure and incentives
    • Investing in new managers: Identifying edges in investing when track record is scant
    • Only best ideas? Portfolio concentration at fund level and overall portfolio management
    PE Secondaries: Blackstone Strategic PartnersPE Secondaries: Blackstone Strategic Partners
    Dropdown down
    • Drivers of risk and return secondary private equity (PE) investing versus primary PE investing and versus public markets investing
    • Secondary PE deal evaluation: Characteristics and minimum IRR targeting
    • Developing an edge as an investor in PE secondaries
    • Role of PE secondaries in investors' portfolios
    Frontier Markets Investing: Ajeej CapitalFrontier Markets Investing: Ajeej Capital
    Dropdown down
    • Differentiated drivers and return and risk in frontier and emerging markets versus developed markets
    • Developing an investing edge in emerging and frontier markets
    • Portfolio positioning to navigate political and regulatory uncertainty
    • Optimal fund structure
    Real AssetsReal Assets
    Dropdown down
    • Role of real assets in an investment portfolio
    • Changing the covariance of real assets with inflation and other asset classes
    • Real assets as an alpha-versus-beta opportunity
    • Specific investment opportunities, including shipping, water, agriculture, and timber
    Commodities Investing: General Endowment ManagementCommodities Investing: General Endowment Management
    Dropdown down
    • Commodities as an asset class: Sources of short-term return and risk, and sources of long-term return and risk
    • Inflation and commodities
    • Commodities investing in today's markets: beyond futures
    H Partners and Six FlagsH Partners and Six Flags
    Dropdown down
    • Private equity and distressed investing
    • Private investment opportunities in today's markets
    • Value creation, destruction, and the capital markets
    Francisco Partners and Private CreditFrancisco Partners and Private Credit
    Dropdown down
    • Drivers of risk and return in private credit investing
    • Identification, evaluation, and structuring of opportunities in private credit investing
    • Developing an edge in private credit: Structure, strategy, and management of private credit funds
    Divesting Harvard's EndowmentDivesting Harvard's Endowment
    Dropdown down
    • The case (or not) for divesting as a mechanism to manage climate change
    • Fiduciary implications of ESG investing
    • ESG as an investment strategy
    • Best practices in ESG investing
    • Building and implementing an E-friendly portfolio
    • Balancing growth and mission
    The Vanguard Group, Inc. in 2015: Celebrating 40The Vanguard Group, Inc. in 2015: Celebrating 40
    Dropdown down
    • Evaluating the strengths and challenges of a large investment organization
    • Scale and competition in the investment management business
    • Beyond products: Challenges and opportunities from becoming an investment advisory organization
    • Mission-driven investment organizations: Aligning talent, culture, and organization
    Harvard Management CompanyHarvard Management Company
    Dropdown down
    • Future risk and return of the major asset classes
    • Policy portfolio design
    • Risk management and liquidity management
    • Development of a successful investment organization
    APG GroupAPG Group
    Dropdown down
    • Asset liability management
    • Investment and management challenges of very large pools of capital
    • Investment strategies in a world of low interest rates and expected returns
    • Smart beta investing
    • Challenges of spinning off an internal investment management operation into a successful firm
    Modern Endowment Management: Paula Volent and the Bowdoin EndowmentModern Endowment Management: Paula Volent and the Bowdoin Endowment
    Dropdown down
    • The interaction between spending and investing decisions of long-term investors
    • Identifying structural edges and using them effectively for investing success
    • Adding value through manager selection
    • Challenges of endowment investing in today's capital markets: Are privates the answer to those challenges?
    • Leadership transition in investing organizations
    Northforty: Managing a Microsoft Family OfficeNorthforty: Managing a Microsoft Family Office
    Dropdown down
    • Modern family office investing and management
    • Investing in a non-perpetual setup
    • Intergenerational wealth management
    The Wealthfront GenerationThe Wealthfront Generation
    Dropdown down
    • Adding value to retail investors
    • Innovator's dilemma in retail investment organizations
    • New models of client acquisition and retention
    • Building scale: Partnering versus going alone

    Case Examples Dropdown up

    Case Examples Dropdown down

    Trian Partners and DuPont

    • Highly engaged shareowners: Short-term versus long-term activism
    • Private equity in public markets: Operationally focused activism as an investment strategy; implementation, risks, and funding
    • Beyond private equity: Influencing very large capitalization companies
    • Activism and indexing: The future of capitalism and the separation of management and ownership

    Brown Capital Management

    • Small company growth equity investing
    • Managing investing capacity constraints to grow assets
    • Identifying and managing talent for investing success
    • Underrepresented minorities among investment professionals

    Baupost Group: Finding a Margin of Safety in London Real Estate

    • Deep value investing, with an application to real estate investing
    • Understanding what entails investing with a "margin of safety:" Deal structure and price
    • Structural and developed edges in investing

    Pershing Square's Pandemic Trade

    • Preparing for extreme events and global risks
    • Tail risk and how to manage it
    • Identification and evaluation of alternative hedging strategies
    • Dynamic execution of hedging strategies

    Finding Value: Paradigm Capital

    • Modern value investing: The role of specialization in deal sourcing; characteristics of attractive targets; evaluation of deal flow; investing and divesting
    • Hybrid investing
    • The location dilemma: Location of capital and talent versus location of opportunities

    Raising Capital at ShawSpring Partners

    • Tech and growth investing
    • Seeding new managers: Deal structure and incentives
    • Investing in new managers: Identifying edges in investing when track record is scant
    • Only best ideas? Portfolio concentration at fund level and overall portfolio management

    PE Secondaries: Blackstone Strategic Partners

    • Drivers of risk and return secondary private equity (PE) investing versus primary PE investing and versus public markets investing
    • Secondary PE deal evaluation: Characteristics and minimum IRR targeting
    • Developing an edge as an investor in PE secondaries
    • Role of PE secondaries in investors' portfolios

    Frontier Markets Investing: Ajeej Capital

    • Differentiated drivers and return and risk in frontier and emerging markets versus developed markets
    • Developing an investing edge in emerging and frontier markets
    • Portfolio positioning to navigate political and regulatory uncertainty
    • Optimal fund structure

    Real Assets

    • Role of real assets in an investment portfolio
    • Changing the covariance of real assets with inflation and other asset classes
    • Real assets as an alpha-versus-beta opportunity
    • Specific investment opportunities, including shipping, water, agriculture, and timber

    Commodities Investing: General Endowment Management

    • Commodities as an asset class: Sources of short-term return and risk, and sources of long-term return and risk
    • Inflation and commodities
    • Commodities investing in today's markets: beyond futures

    H Partners and Six Flags

    • Private equity and distressed investing
    • Private investment opportunities in today's markets
    • Value creation, destruction, and the capital markets

    Francisco Partners and Private Credit

    • Drivers of risk and return in private credit investing
    • Identification, evaluation, and structuring of opportunities in private credit investing
    • Developing an edge in private credit: Structure, strategy, and management of private credit funds

    Divesting Harvard's Endowment

    • The case (or not) for divesting as a mechanism to manage climate change
    • Fiduciary implications of ESG investing
    • ESG as an investment strategy
    • Best practices in ESG investing
    • Building and implementing an E-friendly portfolio
    • Balancing growth and mission

    The Vanguard Group, Inc. in 2015: Celebrating 40

    • Evaluating the strengths and challenges of a large investment organization
    • Scale and competition in the investment management business
    • Beyond products: Challenges and opportunities from becoming an investment advisory organization
    • Mission-driven investment organizations: Aligning talent, culture, and organization

    Harvard Management Company

    • Future risk and return of the major asset classes
    • Policy portfolio design
    • Risk management and liquidity management
    • Development of a successful investment organization

    APG Group

    • Asset liability management
    • Investment and management challenges of very large pools of capital
    • Investment strategies in a world of low interest rates and expected returns
    • Smart beta investing
    • Challenges of spinning off an internal investment management operation into a successful firm

    Modern Endowment Management: Paula Volent and the Bowdoin Endowment

    • The interaction between spending and investing decisions of long-term investors
    • Identifying structural edges and using them effectively for investing success
    • Adding value through manager selection
    • Challenges of endowment investing in today's capital markets: Are privates the answer to those challenges?
    • Leadership transition in investing organizations

    Northforty: Managing a Microsoft Family Office

    • Modern family office investing and management
    • Investing in a non-perpetual setup
    • Intergenerational wealth management

    The Wealthfront Generation

    • Adding value to retail investors
    • Innovator's dilemma in retail investment organizations
    • New models of client acquisition and retention
    • Building scale: Partnering versus going alone

    The HBS Advantage

    Our Executive Education programs are developed and taught by HBS faculty who are widely recognized as skilled educators, groundbreaking researchers, and award-winning authors. Through their board memberships, consulting, and field-based research, they address the complex challenges facing business leaders across the globe

    Faculty Cochairs
    André F. Perold
    André F. Perold
    André F. Perold

    André F. Perold

    George Gund Professor of Finance and Banking, Emeritus

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    André F. Perold
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    André F. Perold

    André F. Perold

    George Gund Professor of Finance and Banking, Emeritus

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    Luis M. Viceira
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    Luis M. Viceira

    George E. Bates Professor of Business Administration

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    Mark L. Egan
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    Robin Greenwood

    George Gund Professor of Finance and Banking

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    Samuel G. Hanson
    Samuel G. Hanson
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    Samuel G. Hanson

    William L. White Professor of Business Administration

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    Victoria Ivashina
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    Victoria Ivashina

    Lovett-Learned Professor of Business Administration

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    Emil N. Siriwardane
    Emil N. Siriwardane
    Emil N. Siriwardane

    Emil N. Siriwardane

    Finnegan Family Associate Professor of Business Administration

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    Adi Sunderam
    Adi Sunderam
    Adi Sunderam

    Adi Sunderam

    Willard Prescott Smith Professor of Corporate Finance

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