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 21–30 of 50 · filtered from 100Clear filters
  1. 035Present a data centre development to the investment committee: cost Rs 900 crore, stabilised net operating income Rs 108 crore, a 12% yield on cost against an 8% market cap rate. Show the downside of a delay, a cost overrun and a slow lease-up, and what would make the committee comfortable.Real assets and private marketsCoreNuveenNew York · 2021
  2. 036You can overweight one of two sectors by 3 points: private banks with 16% loan growth, 16% return on equity and 2.6 times book, or specialty chemicals with 22% earnings growth, 18% return on equity, 38 times earnings and 15% of downgrades over three years. Which, and what would change your mind?Strategic and tactical allocationCoreWellington ManagementHong Kong · 2022Wellington ManagementHong Kong · 2022
  3. 038An asset manager wants to launch a multi-asset fund with a 1.2% expense ratio, of which it keeps 0.7%, launch costs of Rs 8 crore and running costs of Rs 4 crore a year. What assets does it need to break even, who is the target investor, and how fast can it get there?Asset management business and productsCoreNuveenLondon · 2023
  4. 039A hotel chain's five-year senior secured bond yields 11.5%. It has EBITDA of Rs 90 crore, net debt of Rs 405 crore (4.5 times), interest cover of 2.1 times, and 60% of its debt matures in year three. Identify every relevant risk and decide whether to invest.Fixed income, credit and LDICoreNuveenChicago · 2025
  5. 040Pitch a beverages company and cross-check the valuation: it trades at 35 times earnings, while a DCF with free cash flow of Rs 300 crore growing 15% for five years, then 6%, at an 11.5% discount rate gives a different answer. Find the assumption that reconciles the two.Stock pitch and thesis defenceCoreSchrodersLondon · 2024SchrodersLondon · 2024
  6. 041Formulate and solve a three-asset mean-variance problem with a budget constraint, no shorting and a 50% position limit, with and without the limit, and explain where the capped weight goes.Portfolio construction and optimisationHardBlackRockNew York · 2025
  7. 043How would you take a university public? It has 12,000 students paying Rs 3 lakh a year at a 30% operating margin. Using a sector EV to EBITDA of 18 times, set the valuation, the split between new and existing shares, and the price per share.Company analysis and valuationCoreWellington ManagementBoston · 2024
  8. 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
  9. 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
  10. 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

Company names and figures are illustrative.