Portfolio Management case studies, worked step by step

Cases
100
Traced to a firm
50
Topics
13
Hard
30
Topic
All topicsStock pitch and thesis defence11Fixed income, credit and LDI11Strategic and tactical allocation7Factor investing and quant6Company analysis and valuation7Performance evaluation and manager selection7Client mandates and IPS8Risk management and limit breaches8Rebalancing, implementation and costs7Real assets and private markets8Portfolio construction and optimisation7Macro and multi-asset scenarios7Asset management business and products6
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 1–10 of 50 · filtered from 100Clear filters
  1. 002A bond fund holds Rs 800 crore of government bonds at a modified duration of 6.5 and wants 4.0. One bond futures contract has a DV01 of Rs 1,400. How many contracts does it sell?Fixed income, credit and LDICorePIMCOLondon · 2022
  2. 007A 45-year-old surgeon has Rs 8 crore from selling his clinic stake and a Rs 1.2 crore home loan, and wants Rs 40 lakh a year in today's money from 55. Should he prepay the loan, what are his return and risk objectives, and what is a first allocation?Client mandates and IPSCoreNorthern TrustLake Forest · 2022
  3. 008A Rs 1,000 crore balanced fund holds domestic equity, unhedged US equity, corporate bonds and gilts. Apply a crisis scenario with equities down 55%, spreads up 400 basis points, gilt yields down 150 and the rupee down 20%. What is the loss, and what actually hedged?Risk management and limit breachesCoreRisk managementMulti-asset
  4. 009A Rs 500 crore hybrid fund targets 65/35 and has drifted to 69/31. Trading costs 30 basis points each way. Compare a full rebalance with trading back only to the 67/33 band edge, in cost and in risk.Rebalancing, implementation and costsCoreMan GroupBoston · 2022
  5. 011A long-only equity manager wants an ESG thesis. Excluding three sectors that make up 14% of the benchmark creates how much tracking error, and how does that compare with a best-in-class tilt targeting 1%? Recommend one.Portfolio construction and optimisationCoreNeuberger BermanNew York · 2025
  6. 012The central bank cuts rates by 50 basis points. A fund holds Rs 300 crore of bonds at duration 5, where yields fall 40 basis points, and Rs 500 crore of equities at 20 times earnings with 6% growth, where the cost of equity falls 25 basis points. Estimate the gain on each.Macro and multi-asset scenariosCorePIMCOLos Angeles · 2024
  7. 013An asset manager runs 38 mutual fund schemes. The top 10 hold 80% of assets, and 12 schemes are below Rs 200 crore with bottom-quartile performance, each costing Rs 1.2 crore a year to run. What would you merge or close, and how would you protect investors?Asset management business and productsCoreVanguardMalvern · 2023
  8. 014Pitch a trucking company on operating leverage: revenue Rs 3,000 crore, fixed costs Rs 600 crore, variable costs 70% of revenue. If revenue rises 15%, what happens to operating profit, and how do you answer when the interviewer attacks each assumption?Stock pitch and thesis defenceCoreWellington ManagementBoston · 2019
  9. 015A Rs 1,500 crore credit fund holds 9% in bonds of one issuer, which is downgraded from AA to BB and falls 25%. What happens to NAV, why do early redeemers gain at the expense of those who stay, and how does side-pocketing work?Fixed income, credit and LDICoreFixed incomeMutual funds
  10. 018A payroll software company has earned a 28% return on capital against a 12% cost of capital for ten years, with 4% annual customer churn. What are its competitive advantages and barriers to entry, can it sustain 18% revenue growth, and how much is the excess return worth?Company analysis and valuationCoreMorningstarAnonymous interview candidate in · 2023

Company names and figures are illustrative.