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 100
  1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. 016A Rs 2,000 crore pension fund holds 50% listed equity, 35% bonds and 15% private assets, with Rs 180 crore of unfunded commitments. Equities fall 30% and private assets are marked down 10%. What is the new private weight, can it meet its capital calls, and what should it do?Strategic and tactical allocationHardPension and endowment investingPrivate markets
  7. 017From a universe of 12 stocks with book to price, market value and a month's return, build a value factor long the top third and short the bottom third, show that it is mostly a small cap bet, then rebuild it as a size-neutral two by three sort.Factor investing and quantHardAQR Capital ManagementNew York · 2021
  8. 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
  9. 019A private equity fund called Rs 30, 30 and 25 crore in years 0 to 2, distributed Rs 40, 60 and 70 crore in years 4 to 6, and holds Rs 20 crore of NAV at year 6. Compute TVPI, DPI, IRR and a public market equivalent, and judge the fund.Performance evaluation and manager selectionHardNeuberger BermanLondon · 2022
  10. 020A retiree of 60 has Rs 3 crore, spends Rs 15 lakh a year rising with 6% inflation, and expects his portfolio to earn 9%. How many years does the money last, and what starting spending would last 30 years?Client mandates and IPSCoreRetirement and pensionsWealth management

Company names and figures are illustrative.