Alternative Investments: Instruments, Performance, by H. Kent Baker

By H. Kent Baker

A complete consultant to substitute investments that unearths modern most recent learn and strategies

Historically low rates of interest and undergo markets in international inventory markets have generated excessive curiosity in substitute investments. With returns in conventional funding automobiles quite low, many pro traders view replacement investments as a method of assembly their go back goals. Alternative Investments: tools, functionality, Benchmarks, and Strategies, can placed you in a greater place to accomplish this hard goal.

Part of the Robert W. Kolb sequence in Finance, Alternative Investments presents an in-depth dialogue of the ancient functionality, benchmarks, and techniques of each significant substitute funding industry. With contributions from execs and teachers all over the world, it deals worthwhile insights at the most up-to-date traits, learn, and pondering in each one significant quarter. Empirical facts approximately each one kind of replacement funding is featured, with examine offered in an easy manner.

  • Examines a number of significant replacement asset periods, from actual property, deepest fairness, and commodities to controlled futures, hedge money, and distressed securities
  • Provides distinctive insights at the most recent learn and methods, and gives an intensive rationalization of old functionality, benchmarks, and different serious information
  • Blends wisdom from the conceptual global of students with the pragmatic view of practitioners during this field

Alternative investments offer a method of diversification, probability keep watch over, and go back enhancement and, as such, are appealing to many pro traders. if you are searching for a great way to hone your abilities during this dynamic region of finance, glance no additional than this book.

Show description

Read or Download Alternative Investments: Instruments, Performance, Benchmarks and Strategies PDF

Similar investments & securities books

Applied Value Investing: The Practical Application of Benjamin Graham and Warren Buffett's Valuation Principles to Acquisitions, Catastrophe Pricing ... Execution (McGraw-Hill Finance & Investing)

Considering that Benjamin Graham fathered price making an investment within the Nineteen Thirties, the strategy of study has spawned a great number of hugely profitable traders, similar to Graham’s personal former scholar and worker, Warren Buffett, who's considered as probably the most profitable traders of recent occasions. through the years, various books were released on Benjamin Graham’s strategy.

Foreign Direct Investment (National Bureau of Economic Research Project Report)

During the last decade, overseas direct funding (FDI) worldwide has approximately tripled, and with this surge have come dramatic shifts in FDI flows. In international Direct funding, individual economists examine adjustments in FDI, together with ancient tendencies, particular state reviews, advancements within the semiconductor undefined, and adaptations in overseas mergers and acquisitions.

Chinese Economy in the 1990s (Studies in the Chinese Economy)

This booklet provides a finished evaluation and an financial research of China's financial reform reviews, quite these because the past due Eighties. It covers many institutional info of key facets of the chinese language economic system, together with monetary and financial administration, monetary region improvement, country company reform, foreign exchange, overseas funding, decentralization and nearby improvement.

Monte Carlo Simulation and Finance, 1st Edition

Monte Carlo equipment were used for many years in physics, engineering, facts, and different fields. Monte Carlo Simulation and Finance explains the nuts and bolts of this crucial approach used to price derivatives and different securities. writer and educator Don McLeish examines this primary method, and discusses vital matters, together with really good difficulties in finance that Monte Carlo and Quasi-Monte Carlo equipment will help resolve and the several methods Monte Carlo tools should be more suitable upon.

Extra resources for Alternative Investments: Instruments, Performance, Benchmarks and Strategies

Sample text

Real estate, commodities, and private equity are certainly important sectors. Consistent with the case of the relative investment weights in most portfolios of alternative investments, this chapter devotes the largest allocation to hedge funds for several reasons. First, the hedge fund market is the youngest of the sectors and has recently experienced important changes. Many of the changes in the hedge fund market are representative of the changes in the other markets. Second, developments in the hedge fund market tend to be much more prominent in the media.

2011. “Should Investors Include Commodities into Their Portfolios after All? ” Journal of Banking & Finance 35:10, 2606–2626. 34 Alternative Investments Ding, Bill, and Hany A. Shawky. 2007. ” European Financial Management 13:2, 309–331. , and Michael D. Sebastian. 2005. ” Journal of Private Equity 8:3, 81–87. , and Campbell R. Harvey. 2006. ” Financial Analysts Journal 62:2, 69–97. Fung, William, and David A. Hsieh. 1997. ” Review of Financial Studies 10:2, 275–302. Fung, William, and David A.

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. Only a combination of both asset class categories leads to the highest investor utility. Therefore, traditional and alternative investments are not substitutes but rather complements.

Download PDF sample

Rated 4.83 of 5 – based on 33 votes