Handbook of Alternative Assets (Frank J. Fabozzi Series) by Mark J. P. Anson

Product Description

Since the first edition of the Handbook of Alternative Assets was published, significant events-from the popping of the technology bubble and massive accounting scandals to recessions and bear markets-have 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 assets-hedge funds, commodity and managed futures, private equity, credit derivatives, and corporate governance-and 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.
Product Details
Amazon Sales Rank: #14643 in Books
Published on: 2006-09-01
Number of items: 1
Binding: Hardcover
720 pages
Editorial Reviews

Book Info
Offers a comprehensive examination of the four major classes as presented in the 'Handbook of Alternative Assets'. Merges data and strategies scattered in numerous volumes into one handy guide for the serious investor. Discusses hedge funds, private equity, credit derivatives, and commodity and managed futures.

From the Inside Flap
The Handbook of Alternative Assets merges the data and strategies of four key alternative asset classes into one handy guide for the serious investor. This concise handbook classifies four types of alternative assets: hedge funds, commodity and managed futures, private equity, and credit derivatives, and shows you how these assets can be used to hedge and expand any portfolio. Organized by sections-one for each alternative asset class-the Handbook of Alternative Assets explores four of the major alternative asset classes in detail, while providing expert advice along the way.

The Handbook of Alternative Assets opens with a review of hedge funds-providing a brief history of the birth of hedge funds and an introduction to the various types of hedge fund investment strategies. This section also provides practical guidance for selecting hedge funds and conducting due diligence. Through these and many other discussions, you'll learn how to build a hedge fund investment program, analyze hedge fund return distributions, and manage some of the risks associated with hedge fund investments.

The second section of this practical handbook is devoted entirely to commodity and managed futures. After a brief review of the economic value inherent in commodity futures contracts, you'll become familiar with the three sources of value associated with them and understand how they can help to diversify a portfolio. In addition to discussing the benefits of managed futures, long and short commodity futures are also explained.

You'll gain a firm grasp of private equity by learning about the four traditional sources of private equity: venture capital, leveraged buyouts, mezzanine financing, and distressed debt, as well as new venues of private equity such as crossover funds, PIPES, interval funds, and private equity investments in private equity. Analysis of these various types of private equity investments and a review of the business and due diligence issues associated with them give you the most well-rounded approach to private equity that is currently available.

The final section of the Handbook of Alternative Assets is devoted to credit derivatives. This section includes a review of the importance of credit risk, some of the new instruments that allow you to access the credit markets, and the role of credit derivatives within a diversified portfolio.

Written by a professional for professionals, the Handbook of Alternative Assets discusses the pros and cons of alternative assets, and outlines strategies for incorporating these assets into a diversified portfolio. With expert advice and proven techniques this comprehensive handbook will help any professional match alternative assets with various investment goals.

From the Back Cover
Since the first edition of the Handbook of Alternative Assets was published, significant events—from the popping of the technology bubble and massive accounting scandals to recessions and bear markets—have 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 assets—hedge funds, commodity and managed futures, private equity, credit derivatives, and corporate governance—and 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.
Customer Reviews

Great Reference & Starter
I purchased the Book of Alternative Assets in order to study for the CAIA Level 1 exam. The book is a great reference and starter to all kinds of alternative assets. It gives the reader a good overall view of the different tools and strategies of alternative investing. It's a fairly qualitative approach and includes diagrams to aid in the delivery of concepts.

The book covers hedge funds, commodities and managed futures, private equity, credit derivatives, and corporate governance.

The hedge fund approach mainly covers the regulatory, risk, and investor perspectives. For example, if you were a foundation or endowment, how would you assess a hedge fund or fund of funds?

The commodities and managed futures, private equity, and credit derivative sections begin with fairly elementary concepts and build from there to allow the reader to feel comfortable enough to talk about them with industry professionals and understand where the market is going with each field.

There are the occasional misspelled words, so it could be edited a little bit better, but it's not too much of a distraction.

Even though it's about 700 pages, it reads quickly. Overall, it's a solid book and an easy read for the CAIA curriculum.

Good Book but do not upgrade to online version from amazon!
The content of the book is good and useful. However please do not upgrade to amazon online accesss. I upgraded and every other day you cannot acccess the entire book online.You can only browse first 8 pages and then when you call amazon customer service they would temporarily resolve the issue only to have the same issue reoccur again.


Great Reference
Nice overview of alternative asset classes. One reference of many we use for research, cross-reference, marketing and new associate education.