By H. Kent Baker
A finished consultant to substitute investments that unearths state-of-the-art newest learn and strategies
Historically low rates of interest and undergo markets in global inventory markets have generated severe curiosity in substitute investments. With returns in conventional funding autos fairly low, many pro traders view substitute 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 tough target.
Part of the Robert W. Kolb sequence in Finance, Alternative Investments presents an in-depth dialogue of the old functionality, benchmarks, and methods of each significant replacement funding industry. With contributions from execs and teachers all over the world, it deals invaluable insights at the newest traits, examine, and considering in every one significant sector. Empirical proof approximately each one form of substitute funding is featured, with study awarded in a simple demeanour.
- Examines a number of 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 recent examine and methods, and gives an intensive rationalization of historic functionality, benchmarks, and different severe information
- Blends wisdom from the conceptual global of students with the pragmatic view of practitioners during this box
Alternative investments offer a method of diversification, hazard keep watch over, and go back enhancement and, as such, are appealing 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 substitute Investments: an outline (pages 1–17): H. Kent Baker and Greg Filbeck
Chapter 2 The function of other Investments in Strategic Asset Allocation (pages 19–36): Douglas Cumming, Lars Helge Ha? and Denis Schweizer
Chapter three tendencies in substitute Investments (pages 37–52): Erik Benrud
Chapter four replacement Investments and Due Diligence (pages 53–75): Gokhan Afyonoglu
Chapter five REITs and the personal actual property industry (pages 77–97): Shaun A. Bond and Qingqing Chang
Chapter 6 advertisement actual property (pages 99–117): Peter Chinloy
Chapter 7 genuine 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 actual 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 cash (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 inner most fairness: threat 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. ok. 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 problem (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 possibility administration (pages 495–519): Theodore Syriopoulos
Chapter 26 Hedge money and the Financial Crisis (pages 521–539): Jing?Zhi Huang and Ying Wang
Chapter 27 Hedge cash: 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
Alternative Investments: Instruments, Performance, Benchmarks, and Strategies. Edited by H. Kent Baker and Greg Filbeck. © 2013 John Wiley & Sons, Inc. Published 2013 John Wiley & Sons, Inc. CHAPTER 3 Trends in Alternative Investments ERIK BENRUD Clinical Professor of Finance, LeBow School of Business, Drexel University INTRODUCTION If you can look into the seeds of time And say which grain will grow and which will not, Speak then to me, who neither beg nor fear Your favors nor your hate. —Shakespeare, 1986, I.
The attention from the academic community is likely to increase as portfolio allocations to alternative investments increase, operations change, and new products emerge. The attention devoted to alternative investments is evident in the number of reports on trends in alternative investment markets each year. Momsem (2011) offers a list of the top five alternative investment trends for 2011: (1) an increase in regulation and transparency,(2) more managed accounts, (3) further middleoffice outsourcing, (4) growth in Asia, and (5) a reduction in operational risk.
Agarwal, Vikas, and Narayan Y. Naik. 2004. ” Review of Financial Studies 17:1, 63–98. Alexander, Carol. 2001. ” ISMA Centre Research Paper. Alexander, Carol. 2004. ” Journal of Banking & Finance 28:12, 2957–2980. , and Harry M. Kat. 2002. ” Journal of Alternative Investments 5:3, 50–58. , and Harry M. Kat. 2003. ” Journal of Financial and Quantitative Analysis 38:2, 251–274. Anson, Mark J. P. 2006. Handbook of Alternative Assets. Hoboken, NJ: John Wiley & Sons, Inc. , Robert Krail, and John M. Liew.