The first comprehensive guide to all types of alternative investments The Handbook of Alternative Investments is an indispensable working resource for investment managers, financial advisors, pension and endowment fund trustees, corporate treasurers, consultants, and estate planners. Authored by an all-star team of investment professionals and academics from across North America, the contributions featured in this groundbreaking guide were carefully selected. Darrell Jobman is a writer and editorial consultant in Deerfield, Illinois, dealing primarily with financial and futures markets. He is an acknowledged authority on derivative markets and has spent his career writing and publishing about them. He formerly was editor-in-chief of Futures Magazine and is currently a contributing editor. He has been an author, co-author, editor, or ghost-writer for a number of books, including The Handbook of Technical Analysis.
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Book Description
Editorial Reviews
From the Inside Flap
The Handbook of alternative investments
During times of financial crisis and increased volatility, investors and their advisors look with interest toward investment strategies that protect investment principal while continuing to perform well. It often takes a falling equity market before alternative strategies capture the attention of even the most sophisticated investors. The Handbook of Alternative Investments provides insight into a world of investment strategies that have been designed to deliver consistent returns-returns that are uncorrelated to the principal stock and bond markets; returns that are consistent in both good and bad markets.
The overall focus of The Handbook of Alternative Investments is asset allocation, and each chapter is devoted to a different type of alternative investment. The contributors (experts in their respective disciplines) provide detailed descriptive information on their strategies, the nominal and risk-adjusted performance history of each asset class, transaction costs, custodial issues, and tax information. Some of the investments explained in this book include:
* Hedge funds
* Managed futures
* Distressed securities
* Real estate
* Precious metals
* Private equity
The Handbook will help you learn how components such as the fund manager's personal investment in his fund and participatory fee structures join to generate exceptional returns for hedge fund investors, while also guarding against excessive speculation.
Although the Handbook's stated theme is wealth preservation, savvy investors and their advisors will uncover multiple strategies for significantly increasing return in this one-stop reference about investment alternatives. It is no longer necessary to depend solely on the performance of traditional stock and bond portfolios after the publication of this unique and valuable reference.
During times of financial crisis and increased volatility, investors and their advisors look with interest toward investment strategies that protect investment principal while continuing to perform well. It often takes a falling equity market before alternative strategies capture the attention of even the most sophisticated investors. The Handbook of Alternative Investments provides insight into a world of investment strategies that have been designed to deliver consistent returns-returns that are uncorrelated to the principal stock and bond markets; returns that are consistent in both good and bad markets.
The overall focus of The Handbook of Alternative Investments is asset allocation, and each chapter is devoted to a different type of alternative investment. The contributors (experts in their respective disciplines) provide detailed descriptive information on their strategies, the nominal and risk-adjusted performance history of each asset class, transaction costs, custodial issues, and tax information. Some of the investments explained in this book include:
* Hedge funds
* Managed futures
* Distressed securities
* Real estate
* Precious metals
* Private equity
The Handbook will help you learn how components such as the fund manager's personal investment in his fund and participatory fee structures join to generate exceptional returns for hedge fund investors, while also guarding against excessive speculation.
Although the Handbook's stated theme is wealth preservation, savvy investors and their advisors will uncover multiple strategies for significantly increasing return in this one-stop reference about investment alternatives. It is no longer necessary to depend solely on the performance of traditional stock and bond portfolios after the publication of this unique and valuable reference.
From the Back Cover
Praise for The Handbook of alternative investments
"Finally, one book explains the ins and outs of alternative investments and what investors should expect from this asset class."
-Daniel A. Strachman
author of Getting Started in Hedge Funds
"Many forward-thinking fund managers have recognized the benefits of treating alternative investments as a comprehensive asset class, including both marketable and nonmarketable assets, rather than setting policies and targets for individual components. This kind of treatment allows more efficient understanding and management of this pool of uncorrelated assets. However you treat alternatives, this excellent book is a necessary reference."
-Hilda Ochoa-Brillembourg
President and CEO, Strategic Investment Group
"A wonderful introduction to the fascinating world of alternative investments . . . should be on the desk of every senior investment management consultant."
-James P. Owen, The Prudent Investor Network
author of The Prudent Investor's Guide to Hedge Funds: Profiting from Uncertainty and Volatility
"Finally, one book explains the ins and outs of alternative investments and what investors should expect from this asset class."
-Daniel A. Strachman
author of Getting Started in Hedge Funds
"Many forward-thinking fund managers have recognized the benefits of treating alternative investments as a comprehensive asset class, including both marketable and nonmarketable assets, rather than setting policies and targets for individual components. This kind of treatment allows more efficient understanding and management of this pool of uncorrelated assets. However you treat alternatives, this excellent book is a necessary reference."
-Hilda Ochoa-Brillembourg
President and CEO, Strategic Investment Group
"A wonderful introduction to the fascinating world of alternative investments . . . should be on the desk of every senior investment management consultant."
-James P. Owen, The Prudent Investor Network
author of The Prudent Investor's Guide to Hedge Funds: Profiting from Uncertainty and Volatility
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7 of 7 people found the following review helpful:
2.0 out of 5 stars
a mixed bag,
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This review is from: The Handbook of Alternative Investments (Hardcover)
as a reasonably sophisticated individual investor, i was hoping for some additional insights over what i already know re: convertibles, metals, hedge funds, etc. --the successes and failures of this book are largely section specific: for example, the chapters on Energy, Distressed Securities and Hedge Funds were insightful and worthwhile, whereas the chapters on Gold and Microcaps were hardly worth reading (i.e. no insights whatsoever). In general, Tremont Advisors did a great job in their sections, and the rest (except the one on Energy) were woefully inadequate.It seems this book was written with a target audience of unsophisticated / non-critical high-net worth individuals in mind...how many of them are out there, hmmm? Proceed with caution.
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Inside This Book
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First Sentence:
Having trouble adding value to the investment process? Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
pension fund index, standstill income, high yield universe, yield asset class, convertible bond position, underlying equity price, distressed investors, private equity partnerships, hedge fund structure, private equity returns, microcap stocks, high yield managers, inherent return, convertible arbitrageurs, distressed investing, high yield sector, high yield market, embargo years, equity market neutral, distressed securities, bond floor, convertible market, hedge fund industry, capitalized stocks, hedge fund strategies Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Merrill Lynch, Wall Street, New York, Venture Economics, Event Driven, Tremont Hedge Fund Index, Zurich Currency, Zurich Diversified, Zurich Financial, Asset Alternatives Inc, Growth Index, Long Term Capital Management, Moody's Investors Service, Realty Advisors Research, Saudi Arabia, Tremont Convertible Arbitrage Sub-Index, Valentine's Day Massacre, World Index, Zurich Discretionary, Fed Funds, Frank Russell Company, Lehman Brothers Gov, Lehman Brothers High Yield, Lehman Global Bond New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Having trouble adding value to the investment process? Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
pension fund index, standstill income, high yield universe, yield asset class, convertible bond position, underlying equity price, distressed investors, private equity partnerships, hedge fund structure, private equity returns, microcap stocks, high yield managers, inherent return, convertible arbitrageurs, distressed investing, high yield sector, high yield market, embargo years, equity market neutral, distressed securities, bond floor, convertible market, hedge fund industry, capitalized stocks, hedge fund strategies Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Merrill Lynch, Wall Street, New York, Venture Economics, Event Driven, Tremont Hedge Fund Index, Zurich Currency, Zurich Diversified, Zurich Financial, Asset Alternatives Inc, Growth Index, Long Term Capital Management, Moody's Investors Service, Realty Advisors Research, Saudi Arabia, Tremont Convertible Arbitrage Sub-Index, Valentine's Day Massacre, World Index, Zurich Discretionary, Fed Funds, Frank Russell Company, Lehman Brothers Gov, Lehman Brothers High Yield, Lehman Global Bond New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 9
books:
See all 9 books this book cites
2
books
cite this book:
- Die ValueReporting Revolution: Neue Wege in der kapitalmarktorientierten Unternehmensberichterstattung (German and English Edition) by Robert G. Eccles on page 176, and page 179
- Managing Real Estate Portfolios by Susan Hudson-Wilson on page 120
- Real Estate by Rh Value Publishing on page 119
- Institutional Investors and Corporate Governance: Best Practices for Increasing Corporate Value by Carolyn Kay Brancato on page 178
- Security Analysis: The Classic 1951 Edition by Benjamin Graham on page 4
See all 9 books this book cites
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