This multi-author book presents the global phenomenon of inflation-linked products. You will benefit from the experience of 24 industry experts who explain the surge of interest in inflation-linked government bonds and the full range of securities and derivatives that have been created to meet the growing demand from pension funds and other investors. Inflation-Linked Products: A Guide for Investors and Asset & Liability Managers addresses the salient points concerning the investor and issuer. Learning from the experience of industry experts – including Brice Benaben, Benoît Coeuré, Bob Litterman, Darius Mirfendereski, Dan Bernstein, Etienne Koehler and more – from various industries, such as investment banks, asset management, hedge funds, debt management, insurance, pension funds and risk management consulting – you will gain an excellent understanding of: - The products and the development of the fast growing inflation market. - How to overcome the challenges of modelling and pricing innovative structured and derivatives products. - Trading strategies. - The latest investment opportunities for hedge funds and asset & liability managers. - Hedging strategies and their use as an efficient tool for pension funds and insurance companies. - The benefits of inflation-linked products for sovereign and corporate issuers. Inflation-Linked Products presents you with solid, practical guidance written with one aim: to quickly and effectively improve your investment and hedging strategies. The book covers recent product development (for example, inflation derivatives and options) and the opportunities for long-term investors & liability managers. It clearly focuses on the issues you face and presents you with workable solutions to many of your most frequently encountered challenges – effectively demonstrating how inflation products can be structured and used successfully. This indispensable volume explains how inflation-linked products are used for profit today, and their strategic application in the future. It is essential reading for: product structurers, inflation traders, corporate and financial institution treasurers, hedge funds, pension funds, asset & liability managers, securitisation professionals and accounting professionals.
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Book Description
Editorial Reviews
About the Author
Brice Benaben is the global head of inflation structuring at ABN Amro. He set up the activity in 2003 and his team has been involved in a wide range of structuring inflation-linked solutions for hedge funds, pension funds, corporate and financial institution treasuries and project finances in Europe and USA. He has co-written various articles and papers on asset management with inflation linked products and adding the inflation dimension in liability management. He was initially involved in linkers trading as a portfolio manager in the IFC, World Bank group in Washington DC. Then, as head of fixed income and portfolio strategies, he worked with sophisticated investors on quantitative frameworks for risk budgeting in mixed portfolios, focusing particularly on inflation strategies. He also worked with major treasuries, advising them on liability management focusing particularly on allocation between inflation- linked and nominal debt based sophisticated liability efficient frontier frameworks.
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Inside This Book
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First Sentence:
Real return bonds (linkers) are gaining increasing importance in fixed-income fund management. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
inflation swaps, inflation derivatives, limited price index, inflation payers, linkers market, linker market, indexation option, relevant local currency, inflation cashflows, nominal return bonds, asset swap levels, cashflow matching, year duration bonds, real return bonds, actual real data, inflation liabilities, inflation exposure, consumption tax hike, nominal yield curve, social inflation, inflation flows, inflation products, real yield curve, claims inflation, annualised volatility Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Union Investment, Goldman Sachs, Small Cap, Large Cap, Treasury Inflation Protected Securities, Agence France, Debt Management Office, Financial Analysts Journal, Lehman Brothers, Barclays Capital, Core Plus, French Republic, Lehman Aggregate, The Pensions Act, Capital Asset Pricing Model, Fixed Income Quantitative Research Paper, New York, Veolia Environnement, Paribas Figure New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Real return bonds (linkers) are gaining increasing importance in fixed-income fund management. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
inflation swaps, inflation derivatives, limited price index, inflation payers, linkers market, linker market, indexation option, relevant local currency, inflation cashflows, nominal return bonds, asset swap levels, cashflow matching, year duration bonds, real return bonds, actual real data, inflation liabilities, inflation exposure, consumption tax hike, nominal yield curve, social inflation, inflation flows, inflation products, real yield curve, claims inflation, annualised volatility Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Union Investment, Goldman Sachs, Small Cap, Large Cap, Treasury Inflation Protected Securities, Agence France, Debt Management Office, Financial Analysts Journal, Lehman Brothers, Barclays Capital, Core Plus, French Republic, Lehman Aggregate, The Pensions Act, Capital Asset Pricing Model, Fixed Income Quantitative Research Paper, New York, Veolia Environnement, Paribas Figure 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 10
books:
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- Inflation-Indexed Securities by Mark Deacon on 5 pages
- Worldwide Asset and Liability Modeling (Publications of the Newton Institute) by William T. Ziemba on page 319
- Inflation-indexed Securities: Bonds, Swaps and Other Derivatives (The Wiley Finance Series) by Mark Deacon on page 319
- Collected Writings (Collected works of Keynes) (v. 7) by John Maynard Keynes on page 211
- Tract on Monetary Reform (Great Minds Series) by John Maynard Keynes on page 211
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