Academics

3X3: let’s hear what Esther Celosse, SHU Professor of Management has to say!

3 words to your Alumni and Students?

Proud: I am proud of all of you. Of the alumni for having finished the program, haven taken all we want to give you on board, being the successful people you are and showing us the added value of the MBA. Of the current students for investing their energy and giving their willingness to open up to the material at offer, for giving us the inspiration to keep improving the program and for staying with us in these challenging times.

Courage: You have shown already a lot of courage by making the choice for doing an MBA, but I wish you even more courage in these times, where we all need to adapt and change our way of living, working and studying;

Bridge: Our program is designed to help build bridges and cross them too. Bridges between education and practice, between you and the business community and between current and past students. Alumni and current students have to offer each other so much. Don’t hesitate and reach out to each other.

3 favourite places in Lux?

1. The “Eichtal Forest” between Steinfort/Eischen/Hobscheid: its where we walk our dog daily, have great mountain bike trails, the dog can swim in the Eich and where you cross the border with Belgium all the time

2. The Villa Romaine de Goeblange: this Gallo-Roman dwelling in the forest is being excavated and restored to feed your imagination. You truly can feel how they used to live and work there. Wonderful magic place for walks, picnics and understanding a part of the past that you may not have suspected of Luxembourg

3. The Vallée de sept Chateaux: This 40 km trip takes you through a vallee with seven castles (Château de Koerich ; Château de Septfontaines ; Château d’Ansembourg ; Grand château d’Ansembourg ; Château de Hollenfels ; Château de Schoenfels ; Château de Mersch). Wonderful bike ride or walking paths through this vallee.

3 ideas to navigate in these uncertain times?

Be curious: uncertainty and constant changes may rock your personal and professional world, at even a daily basis, now. This can be very unsettling. Not all change is bad though, but in order to find out if there are also opportunities and good sides to the new situation, you could start by being curious about the change. Who knows, you may see some benefits you otherwise would have missed.

Find a ritme: having to deal with change and uncertainty costs a lot of energy. But not everything will change or is under certainty stress. Find these elements and give these a place in your daily routines (cleaning the house, doing your home-work, walking the dog etc). They give you ritme and a solid base and will help to manage your energy during the day better.

Reach out: we are social animals and we need human contact to live, love and learn..:-). While finding a ritme, why not incorporate a daily call/zoom/meetup with one person out of your network. Being in a digital age has its advantages, so put in your calendar a 15 min reach-out timeslot and (re)connect with your (old) network of friends, family, alumni etc.

Want to know more about Esther, click here: https://www.shu.lu/esther-celosse/

3X3: let’s hear what Jens Hoellermann, SHU Professor of Private Equity has to say!

3 words to your Alumni and Students:

Never stop learning, as this is a life-long adventures.

– Be eager for knowledge, as you live and learn.

Stay hungry.

3 favorite places in Lux:

My home, on my coach, in front of the chimney with a good glass of Luxembourgish wine.

The Brasserie Guillaume where you get excellent fish and the best carpaccio in the world.

The Parc Merveilleux for a relaxed walk on a Sunday.

3 “Must Know” about SHU Lux:

– The only business school in Luxembourg with a AACSB accreditation.

– The leading MBA program in the country.

– The best student support you could think of.

Want to know more about Jens, click here: https://www.shu.lu/jens-hoellermann/

Nicolas Martelin

3X3: let’s hear what Nicolas Martelin, SHU Professor of Behavioral Finance has to say!

3 reasons why education is important?

– First, there is a common misunderstanding about education. Education is not knowledge. Finding out information is easy but being able to draw a line between what we know and what we don’t know is much more difficult. Learning how to draw this line is what education is all about.

– Then, once we are aware of the limits of our knowledge, we can start to discover and invent ways to get past them. Education is the driving force of creation.

Education is eventually like a trail of breadcrumbs. In and out of the classroom, “anything that comes to our hand is as good as a book” as Montaigne coined it. Each and every one of our experiences is part of the curriculum.

3 words to your Alumni and Students?

Curiosity: How can we go from being a child constantly asking questions about everything to an adult who is happy with no longer having to question the world around us? Be curious, keep asking questions, try to see how different topics can be related.

Grades: Do not focus on grades and other metrics because that will prevent you from enjoying the learning process.

Demand: Be demanding with yourself so that you can be proud of your work.

3 favorite places in Lux?

– The forest of Dudelange for a run;

– The Mosel Region and its rolling hills for a hike;

Vianden for all things history: Victor Hugo lived there for a few months.

Want to know more about Nicolas, click here

LPEA-SHU Private Equity Training: OCT 5 – NOV 30

PRIVATE EQUITY & OTHER ALTERNATIVE ASSET CLASSES

OCT 5–NOV 30

9 WEEKS

18:30–21:30

3 hours
per class

12 CLASSES

1-2 classes
per week

Certificate
Course

€1,950

Chamber of Commerce

Training Center
Luxembourg-Kirchberg
(parking provided)

LPEA & SHU PARTNERSHIP

The Luxembourg Private Equity & Venture Capital Association (LPEA) and the Sacred Heart University have joined forces to create a business certificate for Luxembourg professionals, specifically designed to focus on Private Equity: The Private Equity Business Certificate Program.

Together, the LPEA and SHU developed a comprehensive curriculum that offers a unique opportunity to deep-dive into Private Equity and Venture Capital.

EDUCATION AND KNOWLEDGE ARE KEY PILLARS OF LPEA’S MISSION

This initiative with the Sacred Heart University is the first of a long-term development in Luxembourg that aims at enhancing the skill set of newcomers and current practitioners in Private Equity and Venture Capital, while embracing the University’s “Learn Today, Apply Tomorrow” mission.

JOIN OUR FLAGSHIP COURSE:

PRIVATE EQUITY & OTHER ALTERNATIVE ASSET CLASSES

You’ll gain first-hand insight from seasoned professionals and experts on how best to apply what you learn,
into your current business or future career.

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REGISTRATION REQUIRED

REGISTRATION DEADLINE: OCTOBER 5, 2020

DOWNLOAD COURSE SYLLABUS

FREE DOWNLOAD

Send download link to:

By clicking the submit button, you agree to the Privacy Policy and you accept to receive communication on our programs and receive personal advice from SHU to support your learning development needs. If you do not wish to share your contact details with us, please contact us at info@shu.lu to receive the electronic brochure for this program by email.


DIVE INTO PRIVATE EQUITY AND VENTURE CAPITAL

Private Equity is one of the best performing asset classes.

Over the past decades, the industry has consistently grown to exceed €4 trillion in assets under management. Those distributions, combined with the poor performance and volatility linked to traditional asset classes, have driven a number of new investors to enter the Private Equity world.

Luxembourg is one of the most popular jurisdictions for private equity and venture capital. Whilst historically a local presence in Luxembourg was limited mostly to smaller and/or emerging General Partners, many large international houses have set up and conducted business out of Luxembourg since the middle of the last decade with a considerable and growing local substance.

The Alternative Investment Fund Managers Directive (AIFMD) introduced new organizational requirements and specific disclosure rules regarding AIFMs managing AIFs which acquire control of non-listed companies and issuers. Focus shifted from well-known product regulation to manager regulation.

The alternative investments industry accepted the challenge and is governed today by a framework that is eligible to develop into a brand, just as the UCITS Directive.

PE managers appreciate Luxembourg's business friendly environment and they have embraced the introduction of the Reserved Alternative Investment Fund (RAIF), which completed the Luxembourg investment fund toolbox by a manager-regulated alternative fund.

In a fast changing environment, the industry is however facing challenges of an economic and regulatory nature. While Luxembourg has been active in the Private Equity field for more than two decades, until recently very few large investment vehicles were established there. In this new paradigm, the appetite for the Luxembourg fund structuring toolbox has increased beyond expectations. The diverse range of vehicles, from unregulated to regulated products, together with the asset class expertise developed over the years within the professional community and the CSSF are key factors of this collective success.

This shift is driving a strong demand for skilled employees who understand how the industry operates in its entire value chain—from fund structuring through to operations and exits.

The Private Equity & Other Alternative Asset Classes course and the Private Equity Business Certificate Program aim to meet the growing demands of the industry by delivering both engaging and challenging courses, providing participants with tailored curriculum and professional insights to develop new skills and knowledge directly applicable to the day-to-day business operations.

REGISTRATION DETAILS - REGISTRATION REQUIRED

  • Standard Price: €1,950 (EUR)
  • REGISTRATION DEADLINE: OCTOBER 5, 2020
  • REGISTER ONLINE – REGISTER NOW
    When you are ready to register, access the online registration system HERE.
  • Partial Payment is due upon registration. Participants will be invoiced separately for the remaining fee balance. Your space is secured upon receipt of full payment.
  • Price includes learning materials and processing fee.

DATES & TIMES

OCT 5 – NOV 30 | 12 CLASSES | 3 HOURS/CLASS | 1-2 CLASSES/WEEK

ClassDayDateTime
1Monday5-Oct-202018:30-21:30
2Tuesday6-Oct-202018:30-21:30
3Saturday17-Oct-202014:00-17:00
4Monday26-Oct-202018:30-21:30
5Monday2-Nov-202018:30-21:30
6Tuesday3-Nov-202018:30-21:30
7Monday9-Nov-202018:30-21:30
8Monday16-Nov-202018:30-21:30
9Tuesday17-Nov-202018:30-21:30
10Monday23-Nov-202018:30-21:30
11Saturday28-Nov-202009:30-12:30
12Monday30-Nov-202018:30-21:30

WHAT YOU WILL LEARN

This course will provide an overview of the main approaches, structures and actors in Alternative Assets and specifically Private Equity. With well-known on the ground practitioners the elements of a successful Private Equity Fund will be described and discussed in detail.
The course will specifically address:

  1. Alternative Asset Strategies such as Venture Capital, Leveraged Buyout, Real Assets and Private Debt.
  2. The fundraising, investment and portfolio management of Private Equity funds.
  3. Legal and tax aspects of selecting and setting up Private Equity vehicles.
  4. The exiting and performance measurement and reporting for Private Equity funds.

KEY BENEFITS

  • Grasping the Big Picture.
  • Introduction to the Private Equity market in Luxembourg.
  • Overview of different elements of a successful operation of a Private Equity fund.
  • Understand the opportunities and functioning of the Alternative Asset classes and the Private Equity market.
  • Lectures by and discussion with specialized practitioners of Alternative Asset market segments.

COURSE FEATURES

  • Lecture-based teaching method with interactive in-class discussions.
    (Basic preliminary studies, i.e. via internet, would be helpful.)
  • Practitioners such as fund managers, lawyers, auditors, tax advisors and other service providers to the industry will share their knowledge and experience and discuss theoretical and practical challenges of their specialization.
  • Participants will be required to participate actively in the class discussions.
  • Team Project: Your Private Equity/Alternative Asset Fund
    Participants will be split into teams the start of the course. The project will aim at simulating a real-life launch of an alternative fund using the topics covered throughout the course, and displaying that you understood the “Big Picture”. Participants will showcase their findings and fund in final pitch presentation.
    Faculty will be available throughout the course to provide feedback and advice.
  • Grading will be based on discussion participation and the Team Project.
  • Participants learn to recognize how they can use material in the context of their own organization and apply concepts in their professional environment of future career.
  • A diverse set of perspectives across industries, professional experiences and academic disciplines: participants come from a variety of backgrounds and companies, ensuring exposure to a broad range of learning experiences.
  • This courses is academically accredited at the graduate level.
  • Credits earned may be applied toward the Private Equity Business Certificate or the MBA Degree.

WHO SHOULD ATTEND?

This course is designed as overview/introduction to Private Equity/Alternative Assets with more detailed and specialized discussions of the alternative asset universe.

  • Financial sector professionals with an interest to develop in Alternative Assets and Private Equity.
  • Individuals aspiring to start a career in the Alternative Assets and Private Equity markets.
  • Professional AND Individuals looking to expand their understanding of Private Equity.
  • Basic prior understanding of Private Equity and finance concepts will be helpful for this course, but is not a “must-have”.
    (Basic knowledge can be obtained via prior self-studies.)

COURSE INSTRUCTORS

EXPERT APPEARANCES

Experts in the Private Equity and Venture Capital field, including fund managers, lawyers, auditors, tax advisors and other service providers to the industry will share their knowledge and experience and discuss theoretical and practical challenges of their specialization.

DOWNLOAD COURSE SYLLABUS

FREE DOWNLOAD

Send download link to:

By clicking the submit button, you agree to the Privacy Policy and you accept to receive communication on our programs and receive personal advice from SHU to support your learning development needs. If you do not wish to share your contact details with us, please contact us at info@shu.lu to receive the electronic brochure for this program by email.

Guy Ertz

Interview of Guy Ertz, Professor of Finance, Portfolio Management Courses

Guy Ertz, Chief Investment Advisor @ BGL BNP Paribas Luxembourg, tells us about co-teaching the Portfolio Management Course.

1. Guy, can you please briefly introduce yourself?

I have more than 25 years’ experience teaching topics like international economics and exchange rate dynamics, general equilibrium theory, risk management, etc. During my Ph.D., I had the opportunity to spend one year at the University of Minnesota, thanks to a Fulbright scholarship. That was a fantastic experience. I have been working in the Banking Industry since 1999 in Wealth Management and more precisely in Portfolio Management. I have been a member of the investment committee at group level for BGL BNP Paribas for more than 15 years. Managing through the great financial and Eurozone crisis was a challenging and important experience.

2. You are teaching this Portofolio Class with Mark Ritter, Former Senior Executive @UBS Stamford – Connecticut; why this “co-teaching” initiative?

I had the opportunity to participate in exchange programs at Trinity College Dublin (Ireland) and at the University of Minnesota. I was fascinated by the complementarity of these teaching approaches with the program at the Catholic University of Louvain in Belgium where I studied. Having the opportunity to teach with Mark will thus be quite complementary since we will be combining two different approaches, professional expertise (Capital Market Assumption & Initial Public Offering), visions and experiences from two sides of the world (his American one and my European one). This idea became a concrete project thanks to our Digital Campus initiative launched during the pandemic.

3. What are the benefits of such a class for our students?

I have been working on applied finance topics such as the estimation of long term expected returns of asset classes and more recently the risk-return properties of portfolios managed using ESG criteria. I started working on the first topic after I had participated in the 2006 CFA Summer School at Harvard. This topic was discussed in one of the Business cases and generated a lot of exciting debates at the time. We will share this experience in class. The second topic is more recent and is one of the most exciting and promising areas in banking and asset management, especially in Europe. We will discuss whether managing portfolios using ESG criteria improves the risk return trade-off based on a survey of the recent academic literature.

Mark will be using a number of business cases on key topics and will use his experience in investment banking and some of his publications to add a specific topic on IPOs and the recent trend in so-called SPACS (special purpose acquisition company).

4. What advice would you give our students to navigate through all these changes within the banking industry?

The banking industry has gone through challenging times especially since the great financial crisis and the low interest environment. It is key to remain open for new trends and adapt quickly. As mentioned, I think that the most challenging and promising trend is sustainable finance and the use of ESG or similar criteria in asset management.