Synopses & Reviews
Since the first edition of the Handbook of Alternative Assets was published, significant eventsfrom the popping of the technology bubble and massive accounting scandals to recessions and bear marketshave shifted the financial landscape. These changes have provided author Mark J. P. Anson with an excellent opportunity to examine alternative assets during a different part of the economic cycle than previously observed in the first edition.
Fully revised and updated to reflect today's financial realities, the Handbook of Alternative Assets, Second Edition covers the five major classes of alternative assetshedge funds, commodity and managed futures, private equity, credit derivatives, and corporate governanceand outlines the strategies you can use to efficiently incorporate these assets into any portfolio. Throughout the book, new chapters have been added, different data sources accessed, and new conclusions reached.
Designed as both an introduction to the world of alternative assets and as a reference for the active investor, the Handbook of Alternative Assets, Second Edition will help you match alternative assets with your various investment goals.
Synopsis
This fully updated revision examines the five major classes of alternative assets: hedge funds, private equity, commodity futures, managed futures, and credit derivatives. These asset classes provide sources of risk and return distinct from the traditional asset classes of stocks and bonds. Since alternative assets can be used to hedge and expand a portfolio, investors and managers need the most reliable information, especially given the fast-paced changes in today's world of finance.
Synopsis
A comprehensive guide examining how alternative asset classes can be incorporated into a diversified portfolio
Written by financial expert Mark J. P. Anson, this fully updated and revised Second Edition of the Handbook of Alternative Assets examines the five major classes of alternative assets- hedge funds, private equity, commodity futures, managed futures, and credit derivatives- and outlines strategies for utilizing these assets to create a diversified portfolio. It also recommends complementary matches between alternative assets and various investment goals. This comprehensive handbook merges data and strategies, scattered in numerous volumes, into one handy reference guide for the serious investor.
Mark J. P. Anson, PhD, CFA (Granite Bay, CA) is CEO of Hermes Pension Management Ltd. in London, which has over ?60 billion in assets under management. He is the former CIO of CalPERS, where he oversaw the growth of assets from $127 billion to $201 billion. He has more than 20 years of investment management experience in the private sector and is a former portfolio manager at Oppenheimer Funds, Inc.
Synopsis
A concise, yet comprehensive, guidebook that addresses the practical aspects of investing in fixed income investments.
The Investors Guidebook series presents investment vehicles and strategies from both the issuers and the investors perspectives. Starting with basic concepts and then building to state-of-the-art pricing models, strategies, and tactics, these succinct handbooks will be useful for everyone from new hires through experienced professionals. Unlike most books, which are read once and sit on the shelf, professionals will refer to these books repeatedly throughout their careers.
About the Author
Stuart R. Veale is the president and founder of the Investment Performance Institute Inc., a firm that specializes in providing advanced level practical capital markets training and consulting services to the financial services industry. Previously he was a senior vice president of portfolio strategy and design for the national sales group at Prudential Securities Inc. and senior vice president of advanced training at PaineWebber Inc. He has published six books including The Handbook of the U.S. Capital Markets, Bond Yield Analysis, Tapping the Small Business Market, Essential Investment Math, Essential Asset Allocation, and Stocks, Bonds, Options, Futures.
Table of Contents
Preface.
About the Author.
PART ONE: Overview of Alternative Assets.
Chapter 1: What Is an Alternative Asset Class?
Chapter 2: Why Alternative Assets Are Important: Beta Drivers and Alpha Drivers.
PART TWO: Hedge Funds.
Chapter 3: Introduction to Hedge Funds.
Chapter 4: Establishing a Hedge Fund Investment Program.
Chapter 5: Due Diligence for Hedge Fund Managers.
Chapter 6: Risk Management Part I: Hedge Fund Return Distributions.
Chapter 7: Risk Management Part II: Additional Hedge Fund Risks.
Chapter 8: Regulation of Hedge Funds.
Chapter 9: Hedge Fund Benchmarks and Asset Allocation.
Chapter 10: Hedge Fund Incentive Fees and the "Free Option."
Chapter 11: Top Ten Hedge Fund Quotes.
PART THREE: Commodities and Managed Futures.
Chapter 12: Introduction to Commodities.
Chapter 13: Investing in Commodity Futures.
Chapter 14: Commodity Futures in a Portfolio Context.
Chapter 15: Managed Futures.
PART FOUR: Private Equity.
Chapter 16: Introduction to Venture Capital.
Chapter 17: Introduction to Leveraged Buyouts.
Chapter 18: Debt as Private Equity Part I: Mezzanine Debt.
Chapter 19: Debt as Private Equity Part II: Distressed Debt.
Chapter 20: The Economics of Private Equity.
Chapter 21: Performance Measurement for Private Equity.
Chapter 22: Trends in Private Equity.
PART FIVE: Credit Derivatives.
Chapter 23: Introduction to Credit Derivatives.
Chapter 24: Collateralized Debt Obligations.
Chapter 25: Collateralized Fund Obligations: Intersection of Credit Derivative Market and Hedge Fund World.
PART SIX: Corporate Governance.
Chapter 26: Corporate Governance as an Alternative Investment Strategy.
INDEX.