FINM 35500

Corporate and Credit Securities

Spring Quarter
Instructor: Mark Hendricks
Syllabus

This course analyzes corporate finance and valuation with the tools, perspectives, and insights ofasset pricing and portfolio management. It covers issues in corporate finance and financial strategy,with a primary focus on valuation. This is applied to Mergers and Acquisitions (M&A), Initial PublicOfferings (IPOs), Private Equity (PE), Venture Capital (VC), Leveraged Buy-Outs (LBOs) and variousilliquid assets, including private debt and real estate.

Tools include staples from corporate finance including discounted cash-flow analysis, financialstatements, cost of capital, and financial ratios. We also develop tools useful for real options,distressed assets, and private valuation.

Additional attention is given to how quantitative-based investing strategies can make use of theseconcepts and tools, in the form of long-short equity trades, debt analysis, event strategies, and so-called "quantamental" strategies.