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8 EBS EXECUTIVE EDUCATIONKnow-how for quantitativeinvestment analysisThere is no waning of interest in financial products amonginvestors. Regardless of whether stock prices rise or fall, the turnoveron the German stock markets is growing year on year, and thenumber and complexity of tradeable securities on the stock marketsis continuously increasing.Proper handling of financial products requiresprofessional know-how that in timesof high volatility requires more than just thedetached understanding of individual financialinstruments. Simple rules of thumbare inadequate. Investors are demanding activerisk management that takes into accountthe interaction of the traded financialinstruments, identifies diversification opportunitiesand limits risks of loss. Professionalinvestment advisors but also portfolioand fund managers require this stockmarket expertise in order to be able to providequalified, comprehensive and clientorientedadvice, and to manage assets.This is where the new compact course“Quantitative Investment Analysis”steps in.What is exceptional about this 11-day compactcourse is that it combines consolidatedtheory with rigorous practical application.The theoretical foundations are taught in apractice-relevant context using an application-drivenapproach. The focus of thecompact course is on real-life case studiesfrom the financial world, so that the participantslearn how to immediately apply thisknowledge. Together with experts courseparticipants have the opportunity to reviewcomplex contents and strategies, such asportfolio allocation, risk analysis and stresstesting. At the same time, they learn how touse “Microsoft Excel” to apply the theoriesso that they are able to better visualizeand gain a deeper understanding of theirmethodological skills and the interaction ofthe financial instruments within the portfoliocontext.The compact course comprises two parts:The first part concentrates on the fundamentaltools such as Excel and Visual Basicfor Applications (VBA) and their applicationin modern portfolio theory. The specialisationpart of the course deals with issuessuch as securities management, riskand bond management, and takes place incooperation with the Deutsche Börse AGat the new stock exchange in Frankfurt.Successful participants are awarded theuniversity certificate “Quantitative InvestmentAnalyst (EBS/DBG)”.Contact: Rolf.Tilmes@ebs.eduq www.ebs-pfi.deThe Bundesrat (upper house in the GermanParliament) is currently debating onreforms of the German inheritance tax lawthat are expected to be radical. The PFIPrivate Finance Institute at EBS is offeringa one-day intensive seminar on thechanges to inheritance tax, which will beSMI receives IBM grantIBM has awarded its research prize, the IBMShared University Research (SUR) Grant thatinvites submissions of proposals from acrossthe globe, to the Supply Management Institute(SMI) at European Business School (EBS).Matthias Hartmann (right) Managing DirectorIBM Germany and Dieter Münk (left)Vice-President IBM presented the award worth100,000 Euros during this year’s EBS Symposiumto Professor Stefan Walter (centre). TheIBM SUR Grant will promote and support aresearch project on document logistics.Contact: Walter@supplyinstitute.orgTOP NEWS: Update on inheritance tax reformheld at the EBS Executive Education Centeron Friday, 21 November 2008. Thespeaker will be tax accountant KlausMichalowski, CFP. For further informationplease call 06723-88880.Contact: Rolf.Tilmes@ebs.eduProgramme forpurchasing managersin new designThis autumn the certified programme“Certified Purchasing Manager” (CPM)will be offered for the last time. The programmehas undergone a redesign by theISM (Institute for Supply Management),and starting in 2009 will be replaced by theCPSM (Certified Professional in SupplyManagement). The ISM, resident in theUSA, is the major supply managementcertifying association in the world. Thenew admission criteria for the newly designedCPSM programme include three yearsprofessional experience in supply managementand an academic degree froman accredited higher education institute oruniversity. For admission to the CPM,starting now for the last time, five yearsprofessional experience in purchasing andsupply management are sufficient.Contact: training@supplyinstitute.orgq www.supplyinstitute.org+++ EBS EE GMBH, 100% SUBSIDIARY OF EBS +++ PART-TIME MASTER-PROGRAMME +++ NE