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 11–20 of 30 · filtered from 100Clear filters
  1. 046A small cap fund has Rs 3,000 crore in 60 stocks averaging Rs 6 crore of daily volume. If a quarter of the fund is redeemed in a month and it trades 20% of daily volume, how many days does a pro rata sale take, and who bears the cost if it sells the liquid names first?Risk management and limit breachesHardRisk managementMutual funds
  2. 047A star manager has beaten the benchmark by 4% a year for seven years with 6.7% tracking error. After adjusting for size and momentum, alpha is 1.3% with 6.5% residual risk. Is it skill, and do you keep, cut or replace the fund?Performance evaluation and manager selectionHardFund selectionFactor investing
  3. 048Paper LBO on a media business: buy at 10 times EBITDA of Rs 80 crore with 5 times debt at 10%, EBITDA grows 8%, all free cash flow after interest repays debt, and exit at 10 times in year five. Then answer quickly: what if exit is 9 times, leverage is 6 times, or growth is 4%?Real assets and private marketsHardNeuberger BermanLondon · 2026TPGBeijing · 2018
  4. 049A private credit fund is asked for a Rs 480 crore unitranche at 12% with 5% annual amortisation to a cold chain business with EBITDA of Rs 120 crore growing 10%. Build three years of cash flow available for debt service, debt service cover and leverage, and decide.Fixed income, credit and LDIHardHPS Investment PartnersLondon · 2025HPS Investment PartnersLondon · 2025
  5. 050Your stock pitch on a restaurant chain says margins rise from 12% to 17% as input costs fall 10%. The interviewer asks: what if costs don't fall? Show earnings per share under both cases and what the current price implies.Stock pitch and thesis defenceHardApollo Global ManagementAnonymous interview candidate in · 2021Apollo Global ManagementRemote · 2021Apollo Global ManagementAnonymous interview candidate in · 2021
  6. 064A gilt fund expects the 2s10s curve to steepen. Size a DV01-neutral steepener that buys Rs 100 crore of 2-year bonds (duration 1.87) against 10-year bonds (duration 7.0), and work out the P&L if the 2-year falls 20 basis points and the 10-year rises 20.Fixed income, credit and LDIHardFixed income
  7. 065A wealth firm has three new clients: a 28-year-old engineer, a 50-year-old business owner with a factory loan, and a 70-year-old retiree drawing income. Build three allocations from one set of capital market assumptions and explain what drives the differences.Client mandates and IPSHardVanguardMalvern · 2024
  8. 066Market weights of 70% large caps and 30% mid caps imply mid caps beat large caps by 1% a year. An analyst's view says 3%, held with the same confidence as the market prior. What blended spread results, and which way do the weights move?Portfolio construction and optimisationHardQuantitative asset managementMulti-asset
  9. 070Prepare a full pitch on a specialty chemicals maker doubling capacity from 40,000 to 80,000 tonnes over three years for Rs 1,200 crore at EBITDA of Rs 45,000 a tonne. Value it at 18 times year-three earnings against today's price and identify the assumption you must defend.Stock pitch and thesis defenceHardWellington ManagementBoston · 2024
  10. 071The market values a refiner at 5 times current EBITDA, earned at a refining margin of 12 dollars a barrel. Your variant view uses a mid-cycle margin of 7 dollars. Work out EBITDA at both margins and defend the multiple you would apply.Company analysis and valuationHardFranklin TempletonSan Mateo · 2024Franklin TempletonSan Mateo · 2024

Company names and figures are illustrative.