In your first year you become a financial analyst and get to know the portfolio, while supporting the second-year students who act as portfolio managers and are in charge of the actual asset management process. This structure ensures that portfolio decisions are coordinated among analysts and managers, which is crucial to insure a smooth transition of the portfolios to the next student cohort.
The official PMP meetings take place every other Friday during the MIM program and can be categorized as follows:
The first sessions will be labeled as introductory sessions, where experienced tutors equip the new analysts with all of the theoretical and practical knowledge needed to participate in the PMP. These sessions reinforce the knowledge you acquire during the first modules of your MIM program and enhance it with applied knowledge in finance, economics and portfolio management.
The managers present a portfolio update about current performance and risk measures. Additionally, they give an update of the trades that were implemented and those that are planned. Periodically, they present a general market outlook with respect to their portfolio composition.
The analysts present their research on market regions, asset classes or investment strategies that are linked to the current portfolio composition. Moreover, they are asked to present new ideas that are discussed with their managers and tutors in advance.
Occasionally, professionals from academia or finance join to share their insights with the PMP students.
These meetings involve exercises related to a quantitative topic. Each student group solves a set of empirical asset management problems and presents the findings to their tutors and mentors.