Investment Management

Industry training and support

Continuous learning and education is a key element for any successful organisation in the Investment Management Industry. PricewaterhouseCoopers continues to contribute to the development and education of executives in the investment management industry.

We offer a series of courses designed to meet the needs of individuals facing a rapidly changing industry. Courses range from a basic level to specialised sessions addressing complex issues and technical developments. We also tailor courses specifically to an organisation's needs.

We hold periodic classes on key regulatory, tax and accounting developments and in order to ensure our staff meet individual engagement needs, PricewaterhouseCoopers supports an extensive internal training program for all levels of professionals within our firm. See below for an overview of some of our more popular courses.

Overview of the investment funds industry

Introduction to investment funds
What is a fund
Main types of structure (trust/corporate)
Impact of structure on the different parties to a fund (i.e. director vs trustee)
Roles and responsibilities of the service providers to the Investment Management Industry and the Hong Kong Regulators (Administrator, Investment Manager/Advisor, Custodian, Trustee, SFC, Stock Exchange)

Fund structuring

Why select certain structures
Why select certain jurisdictions

Introduction to IFRS (previously IAS)

Introduction to international accounting standards
Overview of those standards which most impact investment management
Consideration of structure and content of financial statements

IFRS - in-depth

In-depth consideration of individual standards, including assessment of their impact investment funds
Work through IAS, including example disclosures
Work through IAS 7 (Cash Flow Statement), including example disclosures
Work through IAS 27/28 (Accounting for Subsidiaries and Associates), including example disclosures
Work through IAS 39 (Financial Instruments), including example calculations and disclosures

Complex financial instruments

Types of investments, their risks & how to account for them
Includes forwards, futures, swaps, swaptions, options, spreadlocks, CFD's, repos, reverse repos, TIPS, step up bonds, securities in default, deep discount/emerging market bonds, CLO's/CDO's, Ascots
Recognition
Financial statement treatment and disclosures

Complex fund structures

Covers Master/feeder funds, fund of funds, partnerships and multi class funds
Work through financial statements of each structure, identifying structure specific attributes and accounting issues
Identify the impact on the financial statement of using US versus IAS versus Hong Kong GAAP

Understanding Hedge Funds