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Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy by Professor Helyette Geman, is the follow up seminar to the hugely successful Latest Developments: Commodities & Commodity Derivatives.
Hélyete GEMAN is a Professor of Finance at Birkbeck, University of London and ESSEC Graduate Business School. She is a graduate of Ecole Normale Superieure in mathematics, holds a Masters degree in theoretical physics and a PhD in mathematics from the University Pierre et Marie Curie and a PhD in Finance from the University Pantheon Sorbonne.
Professor Geman has been a scientific advisor to major financial institutions and energy and mining companies for the last 18 years, covering the spectrum of interest rates, catastrophic risk, oil, natural gas, electricity and metals. She was previously the head of Research and Development at Caisse des Depots. Professor Geman was the first president of the Bachelier Finance Society and has published more than 95 papers in top international finance Journals including the Journal of Finance, Journal of Financial Economics, Mathematical Finance. She is a Member of Honor of the French Society of Actuaries.
Professor Gemans research includes interest rates and catastrophic insurance, asset price and commodity forward curve modeling, hedge funds and alternative investments, as well as exotic option pricing for which she won the first prize of the Merrill Lynch Awards in 1994. Her work on catastrophic options and CAT bonds and book Insurance and Weather Derivatives (1998) received the AFIR (actuarial approach to financial risk) prize. Prof Geman was named in 2004 in the Hall of Fame of Energy Risk and received in July 2008 the ISA medal for Sciences of the Alma Mater University of Bologna for the CGMY model, a pure jump Levy process widely used in finance since 2002.
Her reference book Commodities and Commodity Derivatives was published by Wiley Finance in January 2005. Prof Geman is a Member of the Board of the UBS-Bloomberg Commodity Index.
All delegates will receive a complimentary copy of the Wiley 2008 publication: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy by Professor Helyette Geman.
Introduction: | Day 1: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy | Day 2: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy | Details: | download pdf
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Day 1: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy | |
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Spot and Forward Commodity Markets: Back to the Future
- The Massive Arrival and Rapid Withdrawal of New Players
- Price Formation in Commodity Spot Markets
- Theory of Storage and Forward Curves
- Inventory and Commodity Price Volatility
- The role of Shipping markets: the Remarkable Spikes in Freight indices
Metal markets
- Zinc, copper, nickel, lead
- The rules of the London Metal Exchange
- Precious metals: Is Gold Keeping its Dual Role?
Energy Markets
- Coal and its large Reserves
- Natural Gas markets ; the Role of Seasonality
- Crude Oil prices as a World Market
Case study
- Modelling the dynamics of Commodity Forward Curves: Seasonality and Stochasticity.
- The Borovkova- Geman model
Day schedule: 09:00 17:00
Break: 10:30 10:45
Lunch: 12:30 13:30
Break: 15:15 15:30
Introduction: | Day 1: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy | Day 2: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy | Details: | download pdf
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Day 2: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy | |
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Financial and Physical Options in Commodities-
Investing in Commodities
Part 1
- Electricity and its Unique Features
- The Carbon Market and some issues around it
- Agricultural Commodities: the Old and the New
- Ethanol and Biofuels Revisited
- Water as the next commodity
Part 2
- Increasing correlations across Commodity Classes
- Increasing volatilities in Commodity Spot and Option prices
- Spread options in Commodities: crush spreads, sparkspreads, darkspreads
- Valuation of Physical Assets in the Commodities space
Part 3
- Investing in Commodities
. The major Commodity Indexes
. The choice of weights, rebalancing rule and time to maturity of the Futures
. The importance of the shape of the forward curve in the roll yield
- Commodity Structured Notes and ETFs
- Investing in Shares of Oil and Mining companies
Day schedule: 09:00 17:00
Break: 10:30 10:45
Lunch: 12:30 13:30
Break: 15:15 15:30
Introduction: | Day 1: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy | Day 2: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy | Details: | download pdf
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Details: | |
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Location:
Melia White House Hotel
Albany Street
Regents Park
London NW1 3UP
Hotel Website
Flight details:
All delegates flying into London on the morning of the event are reminded that they should arrive 30 minutes before the workshop starts for registration. The hotels West End location is approximately 1 hour from all 3 main London airports, Heathrow, Gatwick and City. Returning flights should equally allow for the events finishing time.
Complimentary inbound transfer service:
WBS Training now extend our premium service to all our clients. This includes a complimentary inbound transfer from London airports to central London hotels for all workshops. If you require this service simply inform us up to 2 working days prior to your arrival (flight number, arrival time, airport and hotel destination) and we will arrange a complimentary pick up. You will be given a phone number to call on arrival and will be greeted at the airport by our partner taxi company.
Sponsorship:
World Business strategies Ltd, offer sponsorship opportunities for all events, E-mail headers and the web site. Contact Sponsorship: +44 (0) 1273 201352
Disclaimer:
World business strategies command the rights to cancel or alter any part of this programme.
Cancellation:
By completing of this form the client hereby enters into a agreement stating that if a cancellation is made by fax or writing within two weeks of the event date no refund shall be given. However in certain circumstances a credit note maybe issued for future events.
Prior to the two week deadline, cancellations are subject to a fee of 25% of the overall course cost.
Introduction: | Day 1: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy | Day 2: Risk Management in Commodity Markets: from Shipping to Agriculturals and Energy | Details: | download pdf