INVESTMENT TRAINING FROM
INDUSTRY EXPERTS
We offer investment training for investment professionals. Our service is unique in that our courses are created and delivered by practitioners. No other training company exclusively employs ex-hedge fund practitioners for its clients. We have decades of experience on the buy-side which means we understand what you need to learn to improve your investment skills.

ASSET MANAGERS
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CORPORATES
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EDUCATORS
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REGULATORS LAID
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INSTITUTIONAL INVESTMENT COURSES
Investment courses created and delivered by industry experts – for industry professionals – interested in furthering their investment skills. Delivered by Zoom or in-person when conditions allow.
FORENSIC ACCOUNTING REPORT – 5 CHINESE INTERNET STOCKS
This report reviews the financial statements of 5 Chinese internet stocks on 15 accounting issues. It flags where the companies have manipulated the presentation of their performance.








Get the Alibaba report for $1000 →
WHY USE US?
We have a unique training philosophy and are one of few training firms to specialise in the investment field.
The advantages of using us to train your team are:















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Training delivered by practitioners who understand the problems faced by fund managers and analysts and have experience to call on















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“NO BULL” content - theory is kept to a minimum; we teach using real-life examples (some of which are current and actionable)















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Every course is bespoke - we consult with you first to understand your needs, before course construction















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Our content is second to none - each course takes many man-weeks of preparation by highly experienced analysts and is continuously updated















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That content is backed by decades of experience - you can learn from our past mistakes.















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Massive knowledge bank - we have over 3000 course slides and hundreds of pages of online content with hours and hours of video
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PAST HAPPY TRAINING CLIENTS
















































TESTIMONIALS
Don’t take our word for it – below are a sample of our clients and here are just a few of the testimonials from delighted front office participants. To learn more, visit the individual course pages above, or email us at info@behindthebalancesheet. com to arrange a call to discuss your requirements. We are happy to create courses for corporates or non-profits also.
“Our investment team very much enjoyed the forensic accounting course – with relevant reminders for the vintage corporate collapses, such as Polly Peck, and the more recent falls from grace, like Carillion or Patisserie Valerie. It is our job to avoid the portfolio torpedoes at all costs, which come from poor accounting. It is always helpful to be reminded of them, especially at this stage in the cycle. Our team’s discussions continued long after Steve’s departure. Behind the Balance Sheet planted an essential seed for fund managers and analysts alike – to question company numbers with greater scrutiny. Thank you.”
Sebastian Lyon | Founder and CIO, Troy Asset Management
“A great course, really useful to hear from Steve and benefit from his many years of experience, he was very generous with his time and provided additional help outside the original brief. An extended bull market and low rates has encouraged a very creative and loose accounting culture and this is a great course getting you prepared for when the tide goes out.”
Justin Abercrombie | Schroders
“It is easy to forget in a world where companies’ own narratives tend to dominate opinion that there is still a critical place for financial analysis. Financial statements tell their own story, one that often challenges the company’s tale. Steve’s course is a detailed and timely reminder of the importance of looking at the accounts and what might lie beneath the headline numbers. His course covers the basics and is full of anecdotes, examples and tips – as well as plenty of surprises. You will learn a lot, be able to challenge and question companies more, and make better informed investment decisions.”
Andrew Stobart & Baillie Gifford | Investment Manager, Emerging Markets Fund
“I was delighted with the professional approach from Behind the Balance Sheet. Over thirty of our team attend the Forensic Accounting Course, and I am really pleased with the results. The team are more aware of accounting risks, and this enhanced awareness was a key objective given where we are in the cycle. Steve was very helpful in customising content and even put on an additional workshop to help some of the team further develop their accounting skills. I would highly recommend this product, so much so, we are now discussing follow-up programmes.”
Eoin Murray | CIO, Hermes
“The team, to a single person, found the Forensic Accounting Course very useful. From our point of view, it went very well and ticked the boxes we were after”
Robert Alster | Head of Research, Close Brothers Asset Management
“Steve’s course was an excellent refresher in detecting accounting red flags and included lots of interesting and relevant case studies to illustrate concepts. The breadth and depth of the content was vast, and delivered by Steve in his usual engaging and energetic demeanour. I think what gives the workshop an edge over peers’ offerings is Steve’s unique insights as a successful analyst, the sheer number of relevant case studies and the range of topics covered. Overall, well worth the investment and far superior than alternative courses that I have attended.”
Mahgul Ansari | Stockviews Analyst
BESPOKE RESEARCH
We specialise in difficult and complex financial analysis, and have a number of affiliates and partners with whom we work to ensure that we have the relevant industry expertise available on every assignment.
Our core analytical expertise lies in the B2B space, and we have the longest experience in UK and US stocks. We also have extensive experience in Asia and consumer sectors. We have zero knowledge and understanding of sectors like banks, insurance and pharmaceuticals, but use an affiliate network of analysts with an average of 25 years’ experience in these sectors.
Clients are always reassured about quality when they see our experience and past work. On costs, the nature of investment research means that it’s sometimes difficult to predict precisely how long a piece of work may take. We therefore agree a set of milestones with clients at the outset, with agreed deliverables. The client can then decide how much, if any additional due diligence is required on any issue which may emerge from the research. For example, we may discover something which suggests that a CEO’s background requires further verification – we immediately report on this, and the client can authorise additional investigation, if they feel that is necessary.















SELLING POINT
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SELLING POINT
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SELLING POINT
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SELLING POINT
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