Institutional investors in Africa are responsible for growing pools of long-term capital, from pension and provident funds to insurance reserves, SACCO surpluses and sovereign and development finance portfolios. With that growth comes sharper scrutiny from regulators, members and boards, who expect every allocation decision to be grounded in a clear policy, sound analysis and honest reporting of risk.

The Investment Management Training Course follows the portfolio management process in the order practitioners use it. Participants begin with investor objectives, constraints and the investment policy statement, then study modern portfolio theory, the capital asset pricing model and the construction of efficient portfolios. Later sessions apply fixed income and equity valuation techniques, examine the role and due diligence of alternative assets, and set out how to monitor, rebalance and attribute performance. Governance runs throughout: the work of investment committees, the selection and oversight of external managers, and the integration of ESG factors into investment decisions.

Teaching is quantitative but practical. Participants build return, risk and valuation calculations in Excel, interpret real market data and debate allocation choices in small investment committees, finishing the week with a portfolio proposal for a realistic institutional client.

On completing the five days, participants will be able to:

• Formulate an investment policy statement that sets out return objectives, risk tolerance, liquidity needs and constraints.
• Construct diversified portfolios using mean-variance optimisation and the capital asset pricing model.
• Analyse fixed income securities using yield, duration, convexity and credit spread measures.
• Value listed equities with discounted cash flow, dividend discount and relative valuation methods.
• Evaluate the risks, fees and due diligence requirements of private equity, real estate and infrastructure investments.
• Measure portfolio risk using standard deviation, beta, tracking error and value at risk.
• Assess performance with time-weighted returns, risk-adjusted ratios and return attribution.
• Apply sound governance to investment committees, manager selection and ESG integration.

It is aimed at professionals who invest, oversee or advise on institutional and private capital, such as:

• Portfolio and fund managers in asset management firms
• Investment analysts and research associates
• Pension fund administrators, investment officers and trustees
• Insurance company investment and actuarial staff
• Treasury and investment officers in banks, SACCOs and microfinance institutions
• Staff of sovereign wealth funds and development finance institutions
• Wealth managers and private bankers
• Capital markets regulators and supervisory analysts

By the final session each participant will have:

• A drafted investment policy statement for an institutional client, with return and risk targets.
• An Excel portfolio model that calculates expected return, volatility and efficient frontier weights.
• Bond and equity valuation templates they can reuse on live securities.
• A due diligence checklist for evaluating external fund managers and alternative investment funds.
• A performance report layout combining time-weighted returns, risk-adjusted ratios and attribution.
• A recommended asset allocation presented and defended before a mock investment committee.

Learning combines financial theory with the calculations and judgement calls of day-to-day portfolio work:

• Concise briefings on each stage of the portfolio management process
• Spreadsheet labs in Excel using historical market and bond data
• Valuation case studies built on published company financial statements
• Mock investment committee sessions where groups defend allocation decisions
• Review of sample investment policy statements and performance reports

A CPD-accredited Certificate of Completion issued by Vision Reach Global Consultancy is awarded to each participant who attends the full programme and completes the portfolio exercises and capstone proposal.