By H. Kent Baker
A accomplished advisor to substitute investments that finds latest most recent learn and strategies
Historically low rates of interest and endure markets in international inventory markets have generated extreme curiosity in replacement investments. With returns in conventional funding autos really low, many pro traders view replacement investments as a method of assembly their go back ambitions. Alternative Investments: tools, functionality, Benchmarks, and Strategies, can placed you in a greater place to accomplish this hard target.
Part of the Robert W. Kolb sequence in Finance, Alternative Investments offers an in-depth dialogue of the ancient functionality, benchmarks, and techniques of each significant substitute funding industry. With contributions from pros and teachers world wide, it bargains precious insights at the most recent tendencies, study, and considering in each one significant region. Empirical facts approximately each one form of substitute funding is featured, with study provided in an easy demeanour.
- Examines various significant substitute asset periods, from actual property, deepest fairness, and commodities to controlled futures, hedge cash, and distressed securities
- Provides distinctive insights at the most modern learn and techniques, and provides an intensive rationalization of old functionality, benchmarks, and different serious information
- Blends wisdom from the conceptual international of students with the pragmatic view of practitioners during this box
Alternative investments offer a method of diversification, probability keep watch over, and go back enhancement and, as such, are beautiful to many pro traders. if you are trying to find a great way to hone your talents during this dynamic quarter of finance, glance no extra than this book.Content:
Chapter 1 replacement Investments: an summary (pages 1–17): H. Kent Baker and Greg Filbeck
Chapter 2 The position of different Investments in Strategic Asset Allocation (pages 19–36): Douglas Cumming, Lars Helge Ha? and Denis Schweizer
Chapter three developments in substitute Investments (pages 37–52): Erik Benrud
Chapter four substitute Investments and Due Diligence (pages 53–75): Gokhan Afyonoglu
Chapter five REITs and the non-public genuine property marketplace (pages 77–97): Shaun A. Bond and Qingqing Chang
Chapter 6 advertisement genuine property (pages 99–117): Peter Chinloy
Chapter 7 actual property funding Trusts (pages 119–141): Brad Case
Chapter eight Mortgaged?Backed Securities (pages 143–162): Eric J. Higgins
Chapter nine Mezzanine Debt and hottest fairness in genuine property (pages 163–183): Andrew R. Berman
Chapter 10 actual property Appraisal and Valuation (pages 185–211): Jeffrey D. Fisher and Demetrios Louziotis, Jr.
Chapter eleven functionality of genuine property Portfolios (pages 213–237): David Geltner
Chapter 12 enterprise Capital (pages 239–262): Tom Vanacker and Sophie Manigart
Chapter thirteen Mezzanine Capital (pages 263–280): Sameer Jain and Phillip Myburgh
Chapter 14 Buyout money (pages 281–302): Christian Rauch and Mark Wahrenburg
Chapter 15 Distressed Debt making an investment (pages 303–321): Michelle M. Harner, Paul E. Harner, Catherine M. Martin and Aaron M. Singer
Chapter sixteen functionality of personal fairness (pages 323–344): Christoph Kaserer and Rudiger Stucke
Chapter 17 deepest fairness: possibility and go back Profile (pages 345–362): Axel Buchner, Arif Khurshed and Abdulkadir Mohamed
Chapter 18 making an investment in Commodities (pages 363–380): Claudio Boido
Chapter 19 functionality of Commodities (pages 381–398): Andrew Clark
Chapter 20 Commodity Futures and Strategic Asset Allocation (pages 399–418): Yongyang Su, Marco C. okay. Lau and Frankie Chau
Chapter 21 controlled Futures: Markets, funding features, and position in a Portfolio (pages 419–435): Davide Accomazzo
Chapter 22 an outline of controlled Futures' functionality: 1983 to Post?2008 credits challenge (pages 437–452): Kai?Hong Tee
Chapter 23 making an investment in Hedge cash (pages 453–474): Hunter M. Holzhauer
Chapter 24 functionality of Hedge cash (pages 475–494): Dianna Preece
Chapter 25 Hedge money and danger administration (pages 495–519): Theodore Syriopoulos
Chapter 26 Hedge cash and the Financial Crisis (pages 521–539): Jing?Zhi Huang and Ying Wang
Chapter 27 Hedge money: Replication and Nonlinearities (pages 541–566): Mikhail Tupitsyn and Paul Lajbcygier
Chapter 28 Fund?of?Funds: A story of 2 charges (pages 567–586): Kartik Patel
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Additional info for Alternative Investments: Instruments, Performance, Benchmarks, and Strategies
He received a PhD from the European Business School (EBS). ACKNOWLEDGMENTS This work has benefited greatly from comments from John Doukas, Greg N. Gregoriou, Dieter G. Kaiser, Harry M. Kat, Lutz Johanning, Christian Koziol, Rainer Lauterbach, Michael McDonald, Mark Mietzner, Juliane Proelss, and Maximilian Trossbach. We are very grateful to the editors, H. Kent Baker and Greg Filbeck, for very useful comments and suggestions. An earlier version of this work appears as Douglas Cumming, Lars Helge Haß, and Denis Schweizer (2012), “Strategic Asset Allocation and the Role of Alternative Investments,” European Financial Management.
She asserts that governments around the world are passing laws to protect investors, increase transparency, and enhance liquidity. These laws often focus on alternative investments. In the United States, the passage of the Dodd-Frank Act of 2010 has led to the most significant changes in TRENDS IN ALTERNATIVE INVESTMENTS 39 the financial industry since the Great Depression. This legislation has special provisions for alternative investments. The European Commission passed the Directive on Alternative Investment Fund Managers, which has many of the same goals as the Dodd-Frank Act.
5, venture capital drops out THE ROLE OF ALTERNATIVE INVESTMENTS IN STRATEGIC ASSET ALLOCATION 31 of the portfolio. When summing up the allocations, alternative investments have a cumulative weight of about 60 percent in offensive and performance-oriented portfolios (λ = 1) and about 77 percent in defensive portfolios (λ = 6). The results show that traditional and alternative investments form substantial portions of investor portfolios. This result holds for the sample independent of the level of investor risk aversion.
Alternative Investments: Instruments, Performance, Benchmarks, and Strategies by H. Kent Baker