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 50 · filtered from 100Clear filters
  1. 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
  2. 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
  3. 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
  4. 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
  5. 021A mid cap fund with Rs 600 crore of stocks hedged by selling Rs 330 crore of large cap index futures. Mid caps fell 18% while the large cap index fell 6%. Work out the loss, the hedge gain and the net result, and explain why the hedge failed.Risk management and limit breachesHardSchrodersNew York · 2021
  6. 023A real estate debt sleeve holds EUR 600 million of loans on Northern European offices, Southern European retail and Gulf logistics. Stress interest rates up 100 basis points and cap rates up 75. Which loans breach a 70% loan to value or a 1.5 times interest cover covenant?Real assets and private marketsHardPIMCOMunich · 2024
  7. 024In a risk interview, pitch a pharma stock risk first: 45% of revenue from US generics, one plant under regulatory observation, a downside of minus 35% at 30% probability and an upside of plus 40% at 70%. What is the expected return, and how large a position does it justify?Stock pitch and thesis defenceCoreFranklin TempletonSan Mateo · 2017
  8. 027A two-wheeler maker's electric share of volume rises from 5% to 25% in four years at an 8% margin, against 13% on petrol models. Does the shift raise or lower the company's value if the market pays a higher multiple for electric earnings?Stock pitch and thesis defenceCoreWellington ManagementHong Kong · 2022
  9. 030Three unlabelled companies: X has an 85% gross margin and spends 20% of revenue on research; Y has a 22% gross margin and 90 days of inventory; Z has a 55% EBITDA margin, depreciation at 20% of revenue and heavy interest. Which industries are they in?Company analysis and valuationWarm upT. Rowe PriceBaltimore · 2022
  10. 032A 62-year-old client has just lost her husband. She has Rs 3.5 crore, no pension, and needs Rs 1.5 lakh a month. How do you approach the first 90 days, the income plan and the allocation, and how long does the money last?Client mandates and IPSCoreVanguardScottsdale · 2025

Company names and figures are illustrative.