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Yale University to Debut First Hedge Fund Class Ne

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NEW HAVEN, Conn. (–As hedge funds gain allure with MBA students Yale University plans to debut its first course on hedge funds next semester.

The Yale School of Management’s new elective course entitled MGT-647 Hedge Funds, will be taught by Professor William Goetzmann and Caxton Associates Director Tanya Styblo Beder, who is also a member of the advisory panel for the Professional Risk Managers’ International Association.

The curriculum for the new course is an outgrowth of a six-year-old hedge fund research program by the Yale School of Management International Center for Finance, according to Professor Goetzmann.

Like the research initiative, the curriculum focuses on a wide range of issues facing the hedge fund industry including performance-related topics like portfolio risk, returns, timing metrics and fund survival. Management issues such as incentives, portfolio valuations and operation risk will also be explored as will individual hedge fund strategies and their scalability will also be covered in the course.

In addition to Professor Goetzmann, participating scholars in the Yale Hedge Fund Research Initiative have included Judith Chevalier, Roger Ibboston, Jonathan Ingersoll Jr., K. Geert Rouwenhorst and Ivo West. Outside scholars have included Stephen Ross of Massachusetts Institute of Technology, Stephen Brown of New York Univerisity’s Stern School of Business, Evan Gatev of Boston College, Zoran Ivkovitch of the University of Illinois.

Industry participants in the Yale hedge fund program have included Ms. Beder, James Park of Paradigm Capital and Harry Mamaysky of Morgan Stanley. David Swensen and Dean Takahashi from the Yale investments office have also participated.

Over the years, Professor Goetzmann has published a number of papers pertaining to hedge funds in various academic journals and has seen his research on other investment topics featured in many news publications.