Too much space between title lines? Vspace does not work

Too much space between title lines? Vspace does not work

I want to create a beamer presentation and I have the following code:
\documentclass{beamer}

\title[Value at Risk, Name1, Name2{\&} Nam3]{Calculate the Value at Risk \tiny \\using the Delta-Normal model, nonparametric methods,\\ MonteCarlo simulations and historical sim



University\\
\vskip1em

Chair\\
Chairholder: Name\\
Supervisor: Name\\
%\vskip1em
%\vskip1em
\definecolor{darkblue}{RGB}{12,013,148}
\textcolor{darkblue}{\textit{Course description}}

 \small
Place, July 2013\\

\footnotesize
\textit{$^1$$^{, 2}$ Master ,  Semester}}
%\textit{$^2$ Master,  Semester}}
\normalsize


% Comment the following command, if you don't want, that the pdf file starts in full screen mode:
\hypersetup{pdfpagemode=FullScreen}

%Start of the document
\begin{document}


 \frame{
    \frametitle{Table of Contents}
\begin{enumerate}[\bfseries \begingroup\color{blue} 1)\endgroup]
\item Test
\item Test
\end{enumerate}


}
\end{document}
So now, you see the title is very long and I need some linebreaks, but the space is too much and if I try:
 \title[Value at Risk, Name1, Name2{\&} Nam3]{Calculate the Value at Risk \tiny \\using the Delta-Normal model, nonparametric methods,\\ MonteCarlo simulations and historical simulations}
does not work. How can I get this?
(I used the extra footnotes, since the normal in \authora did not work)