{"product_id":"alternative-assets-and-strategic-allocation-isbn-9781576603680","title":"Alternative Assets and Strategic Allocation","description":"An insightful guide to making strategic investment allocation decisions that embraces both alternative and conventional assets  \u003cp\u003eIn this much-needed resource, alternative and portfolio management expert John Abbink demonstrates new ways of analyzing and deploying alternative assets and explains the practical application of these techniques.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAlternative Assets and Strategic Allocation\u003c\/i\u003e clearly shows how alternative investments fit into portfolios and the role they play in an investment allocation that includes traditional investments as well. This book also describes innovative methods for valuation as applied to alternatives that previously have been difficult to analyze.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers institutional investors, analysts, researchers, portfolio managers, and financial academics a down-to-earth method for measuring and analyzing alternative assets\u003c\/li\u003e \u003cli\u003eReviews some of the latest alternatives that are increasing in popularity, such as high-frequency trading, direct lending, and long-term investment in real assets\u003c\/li\u003e \u003cli\u003eOutlines a strategic approach for including alternative investments into portfolios and shows the pivotal role they play in an investment allocation\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUsing the information found in this book, you'll have a clearer sense of how to approach investment issues related to alternative assets and discover what it takes to make these products work for you.\u003c\/p\u003e \u003cp\u003eList of Illustrations ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eWhat Is Alternative about Alternative Investments? 5\u003c\/p\u003e \u003cp\u003eThe Plan of This Book 11\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE | ANALYTIC TOOLS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Risk and Return 17\u003c\/p\u003e \u003cp\u003e2 Return Enhancement 37\u003c\/p\u003e \u003cp\u003e3 Some Features of the Quantitative Toolkit 59\u003c\/p\u003e \u003cp\u003e4 Risk Estimation 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO | SOME EXAMPLES\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5 Long\/Short Equity 103\u003c\/p\u003e \u003cp\u003e6 Direct Lending 123\u003c\/p\u003e \u003cp\u003e7 Merger Arbitrage 141\u003c\/p\u003e \u003cp\u003e8 High-Frequency Trading 161\u003c\/p\u003e \u003cp\u003e9 Holding Private Assets for Their Cash Flows 183\u003c\/p\u003e \u003cp\u003e10 Fixed-Income Arbitrage 199\u003c\/p\u003e \u003cp\u003e11 Event-Driven Investment 217\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE | POSITION MANAGEMENT\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12 Investment Strategies in Practice 237\u003c\/p\u003e \u003cp\u003e13 Optionality 253\u003c\/p\u003e \u003cp\u003e14 Trade Capacity 271\u003c\/p\u003e \u003cp\u003e15 Institutional Liquidity 287\u003c\/p\u003e \u003cp\u003e16 Tactical Allocation 305\u003c\/p\u003e \u003cp\u003e17 Portfolio Liquidity 323\u003c\/p\u003e \u003cp\u003e18 Alternative Investments and Information Theory 343\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR | PORTFOLIO CONSTRUCTION\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19 Classification of Investments 361\u003c\/p\u003e \u003cp\u003e20 Diversification among Strategies 381\u003c\/p\u003e \u003cp\u003e21 Multi-Dimensional Risk 403\u003c\/p\u003e \u003cp\u003e22 Filling Out the Allocation 419\u003c\/p\u003e \u003cp\u003e23 Time and Tide 433\u003c\/p\u003e \u003cp\u003e24 Managing the Allocation Decision 451\u003c\/p\u003e \u003cp\u003e25 Concluding Remarks 469\u003c\/p\u003e \u003cp\u003eBibliography 477\u003c\/p\u003e \u003cp\u003eIndex 487\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eJOHN B. ABBINK\u003c\/b\u003e has twenty-nine years' experience in investment firms, including Merrill Lynch, Credit Suisse, and Deutsche Bank, and was formerly a senior vice president and director of manager research at National City Corporation. Abbink received his BA from Michigan State University and his PhD from Yale University.   The usual approaches to asset allocation no longer suffice. Market turmoil has revealed the need for fresh ideas and innovation. Institutional investors have for too long relied upon strategies that are poorly equipped to deal with the unexpected metrics that volatility creates. To fulfill their fiduciary mandates and remain competitive, investors must look to the tools of the new investment age.  \u003c\/p\u003e\u003cp\u003eIn this much-needed resource, alternative and portfolio management expert John Abbink demonstrates new ways of analyzing and deploying alternative assets and explains the practical application of these techniques. \u003ci\u003eAlternative Assets and Strategic Allocation\u003c\/i\u003e clearly shows how alternative investments fit into portfolios and the role they play in an investment allocation that includes traditional investments as well. This book also describes innovative methods for valuation as applied to alternatives that previously have been difficult to analyze.\u003c\/p\u003e \u003cp\u003eEngaging and informative, \u003ci\u003eAlternative Assets and Strategic Allocation\u003c\/i\u003e contains an analytical toolkit that gives investors new ways to assess any investment product and provides criteria by which commonality or distinctiveness among them can be detected. In addition, Abbink reviews some of the latest alternatives that are increasing in popularity, for better or worse, such as high-frequency trading, direct lending, long-term investment in real assets, and more.\u003c\/p\u003e \u003cp\u003eFilled with in-depth insights and practical advice, this important resource offers a new approach and vision for alternatives as they relate to institutional investors who want to allocate their assets strategically and who may not have been previously invested in these products.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eAlternative Assets and Strategic Allocation\u003c\/b\u003e \u003ci\u003eRethinking the Institutional Approach\u003c\/i\u003e  \u003c\/p\u003e\u003cp\u003eThe usual approaches to asset allocation no longer suffice. Market turmoil has revealed the need for fresh ideas and innovation. Institutional investors have for too long relied upon strategies that are poorly equipped to deal with the unexpected metrics that volatility creates. To fulfill their fiduciary mandates and remain competitive, investors must look to the tools of the new investment age. \u003c\/p\u003e\u003cp\u003eIn this much-needed resource, alternative and portfolio management expert John Abbink demonstrates new ways of analyzing and deploying alternative assets and explains the practical application of these techniques. \u003ci\u003eAlternative Assets and Strategic Allocation\u003c\/i\u003e clearly shows how alternative investments fit into portfolios and the role they play in an investment allocation that includes traditional investments as well. This book also describes innovative methods for valuation as applied to alternatives that previously have been difficult to analyze. \u003c\/p\u003e\u003cp\u003eEngaging and informative, \u003ci\u003eAlternative Assets and Strategic Allocation\u003c\/i\u003e contains an analytical toolkit that gives investors new ways to assess any investment product and provides criteria by which commonality or distinctiveness among them can be detected. In addition, Abbink reviews some of the latest alternatives that are increasing in popularity, for better or worse, such as high-frequency trading, direct lending, long-term investment in real assets, and more. \u003c\/p\u003e\u003cp\u003eFilled with in-depth insights and practical advice, this important resource offers a new approach and vision for alternatives as they relate to institutional investors who want to allocate their assets strategically and who may not have been previously invested in these products.\u003c\/p\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":47988715913445,"sku":"NP9781576603680","price":85.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781576603680.jpg?v=1761781306","url":"https:\/\/k12savings.com\/es\/products\/alternative-assets-and-strategic-allocation-isbn-9781576603680","provider":"K12savings","version":"1.0","type":"link"}