BUAD 426: Fundamentals of Hedge Fund Management

Mr. Matthew B. Siano, Esq. ’96

Winter Break, 1 Credit

This course is uniquely designed to provide students with an overview of hedge funds, including typical structures, primary internal and external parties, key regulatory, legal and ethical quandaries, and selected managerial considerations for students interested in establishing a hedge fund manager and managing hedge funds. This course, taught by Mr. Matthew B. Siano, Esq., ’96, General Counsel at Two Sigma Investments, LLC, is offered over the weekend before the start of the Spring semester. Students experience three straight days of intense lectures surrounding the various topics within the hedge fund industry. After the weekend, the students have a week to build a business plan and investor due diligence questionnaire for the launch of a hedge fund manager and a related hedge fund. The class culminates with an hour-long presentation pitching the business plan to Mr. Siano.

More specifically, Fundamentals of Hedge Fund Management is a multi-faceted course that gives students a broad overview of the hedge fund industry and what is needed to launch your own hedge fund(s) and hedge fund manager(s). It is designed to provide students with an overview of hedge funds, including (i) typical structures; (ii) primary internal and external parties; (iii) key regulatory, legal and ethical considerations; and (iv) selected managerial considerations for those interested in establishing a hedge fund manager and managing hedge funds. This course is not designed to teach students particular trading strategies, but instead focuses on the question: “What does it take to be a successful entrepreneur in this industry?”

About Mr. Siano

Mr. Siano is an alumnus of William & Mary, graduating in the class of ’96 as a history and government double major, with a religion minor. Mr. Siano also wrote an Honors Thesis for the Government Department. He received his JD from Fordham University School of Law in 1999. After graduating from Fordham Law, he started at Two Sigma Investments LLC, a New York-based hedge fund, and became General Counsel in December that year. He was promoted to Managing Director, General Counsel in December 2008 and is responsible for the Firm’s legal and compliance functions.

Matt Siano

Student Testimonials

“I would describe Mr. Siano’s class as borderline academic arbitrage: huge reward with unbelievably small risk. The class only lasts a couple of weeks and would probably cost a fortune to attend if something similar was offered in a corporate setting.”

Patrick Savage '16

“This course was a great experience and exposed students to the framework of the hedge fund industry and the legal structures behind investment vehicles. It was also great because over that weekend all of the students really got to know Mr. Siano and serves as another example of a course effectively bridging the gap between students and alumni and fostering great relationships.”

Student '12