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Certificate for Module (Private Markets and Alternative Investments)
證書（單元 : 私募市場與另類投資）

Course Code
FN125A
Application Code
2285-FN125A
Credit
6
Study mode
Part-time
Start Date
02 May 2025 (Fri)
Duration
30 hours
Language
English
Course Fee
HK$15,000
Enquiries
2867 8392
2861 0278
amy.fung@hkuspace.hku.hk / ringo.chan@hkuspace.hku.hk
How to Apply
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How to Apply

Highlights

The programme provides students with an overview of different forms of private markets and alternative investments including private credit, private equity, hedge funds, commodities and natural resources. It covers the benefits and risks associated with alternative investments in portfolio management. Case studies of different investment strategies of private markets and alternative investments in global financial markets will be examined.
 

Programme Details

Intended Learning Outcomes

On completion of the programme, students should be able to

  1. explain categories and features of private markets and alternative investments in multi-asset portfolio management;
  2. assess the benefits, risks and challenges associated with private markets and alternative investments in portfolio construction;
  3. analyse the due diligence process involved in assessing private markets and alternative investments; and
  4. evaluate critically various investment strategies of private market and alternative investments in global context.
Application Code 2285-FN125A -

Modules

Syllabus

Overview of Private Markets and Alternative Investments

  • Introduction to private markets and alternative investments
  • Different roles of private markets and alternative investments in multi-asset portfolios
  • Key investment considerations in private markets and alternative investments
  • Benefits and challenges of alternative investments

 

Private Credit Investments

  • Categories and features of private credit
  • Value creation and risks in private credit investments
  • Valuation of private credit funds
  • Due diligence in private credit investments

 

Private Equity Investments

  • Categories and features of private equity
  • Benefits and diversification of private capital
  • Valuation of private equity funds
  • Due diligence in private equity investments

 

Commodity Investments

  • Types of commodity investments
  • Portfolio diversification benefits of commodity investments
  • Commodity derivatives
  • Valuation of commodities

 

Natural Resources Investments

  • Types of natural resources investments
  • Portfolio diversification benefits of natural resources investments
  • Natural resources and economic development
  • Key investment considerations in natural resources investments

 

Hedge Fund Investments

  • Features of hedge fund investment vehicles
  • Risk and return characteristics of hedge fund investments
  • Classification and types of hedge fund strategies
  • Role of hedge fund strategies in portfolio diversification

 

Hedge Fund Performance

  • Performance appraisal issues in hedge fund investments
  • Analysis and interpretation of hedge fund investment returns
  • Due diligence in hedge fund investments
  • Current and future trends of hedge fund investing

 

Assessment and award

A "Certificate for Module (Private Markets and Alternative Investments)" will be awarded within the HKU system through HKU SPACE to students who have satisfied the following criteria:

  • Achieve at least 70% attendance of the programme; and
  • Pass all the assessments

Type of Assessment

Description

Weighting

Coursework

Two Individual essays (900 words for each essay)

100%

 

Fee

Course Fee
  • Course Fee : HK$15,000

Entry Requirements

Applicants shall hold a bachelor’s degree awarded by a recognised institution. If the degree or equivalent qualification is from an institution where the language of teaching and assessment is not English, applicants shall provide evidence of English proficiency, such as:

  1. an overall band of 6.0 or above with no subtests lower than 5.5 in the IELTS; or
  2. a score of 550 or above in the paper-based TOEFL, or a score of 213 or above in the computer-based TOEFL, or a score of 80 or above on the internet-based TOEFL; or
  3. HKALE Use of English at Grade E or above; or
  4. HKDSE Examination English Language at Level 3 or above; or
  5. equivalent qualifications.

Applicants with other qualifications will be considered on individual merit.

Apply

Application Form Download Application Form

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and applicant’s name. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying “Course Application” on the envelope. HKU SPACE will not be responsible for any loss of personal information and payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, new and continuing students of award-bearing programmes with available online service, they may also pay their course fees by Online WeChat Pay, Online Alipay or Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.

Notes

  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolment Centres and avoid making cheque payment under this circumstance.

  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque, FPS or PPS by Internet will be reimbursed by a cheque, and fees paid by credit card will be reimbursed to the credit card account used for payment. 

  • In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  • HKU SPACE will not be responsible for any loss of payment, receipt, or personal information sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to “HKU SPACE” to any of our enrolment centres.
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