{"product_id":"the-handbook-of-traditional-and-alternative-investment-vehicles-isbn-9780470609736","title":"The Handbook of Traditional and Alternative Investment Vehicles","description":"\u003cb\u003eA comprehensive volume that covers a complete array of traditional and alternative investment vehicles\u003c\/b\u003e  \u003cp\u003eThis practical guide provides a comprehensive overview of traditional and alternative investment vehicles for professional and individual investors hoping to gain a deeper understanding of the benefits and pitfalls of using these products.\u003c\/p\u003e \u003cp\u003eIn it, expert authors Mark Anson, Frank Fabozzi, and Frank Jones clearly present the major principles and methods of investing and their risks and rewards. Along the way, they focus on providing you with the information needed to successfully invest using a host of different methods depending upon your needs and goals.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eTopics include equities, all types of fixed income securities, investment-oriented insurance products, mutual funds, closed-end funds, investment companies, exchange-traded funds, futures, options, hedge funds, private equity, and real estate\u003c\/li\u003e \u003cli\u003eWritten by the expert author team of Mark Anson, Frank Fabozzi, and Frank Jones\u003c\/li\u003e \u003cli\u003eIncludes valuable insights for everyone from finance professionals to individual investors\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eMany finance books offer collections of expertise on one or two areas of finance, but \u003ci\u003eThe Handbook of Traditional and Alternative Investment Vehicles\u003c\/i\u003e brings all of these topics together in one comprehensive volume.\u003c\/p\u003e  Preface.  \u003cp\u003eAbout the Authors.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1: Introduction.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisks Associated with Investing.\u003c\/p\u003e \u003cp\u003eAsset Classes.\u003c\/p\u003e \u003cp\u003eSuper Asset Classes.\u003c\/p\u003e \u003cp\u003eStrategic vs. Tactical Allocations.\u003c\/p\u003e \u003cp\u003eEfficient vs. Inefficient Asset Classes.\u003c\/p\u003e \u003cp\u003eBeta and Alpha Drivers.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2: Investing in Common Stock.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEarnings.\u003c\/p\u003e \u003cp\u003eDividends.\u003c\/p\u003e \u003cp\u003eStock Repurchases.\u003c\/p\u003e \u003cp\u003eThe U.S. Equity Markets.\u003c\/p\u003e \u003cp\u003eTrading Mechanics.\u003c\/p\u003e \u003cp\u003eTrading Costs.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3: More on Common Stock.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePricing Efficiency of the Stock Market.\u003c\/p\u003e \u003cp\u003eStock Market Indicators.\u003c\/p\u003e \u003cp\u003eRisk Factors.\u003c\/p\u003e \u003cp\u003eTracking Error.\u003c\/p\u003e \u003cp\u003eCommon Stock Investment Strategies.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4: Bond Basics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFeatures of Bonds.\u003c\/p\u003e \u003cp\u003eYield Measures and Their Limitations.\u003c\/p\u003e \u003cp\u003eInterest Rate Risk.\u003c\/p\u003e \u003cp\u003eCall and Prepayment Risk.\u003c\/p\u003e \u003cp\u003eCredit Risk.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5: U.S. Treasury and Federal Agency Securities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTreasury Securities.\u003c\/p\u003e \u003cp\u003eFederal Agency Securities.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6: Municipal Securities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTax-Exempt and Taxable Municipal Securities.\u003c\/p\u003e \u003cp\u003eTypes of Municipal Securities.\u003c\/p\u003e \u003cp\u003eTax-Exempt Municipal Bond Yields.\u003c\/p\u003e \u003cp\u003eRisks Associated with Investing in Municipal Bonds.\u003c\/p\u003e \u003cp\u003eBuild America Bonds.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7: Corporate Fixed Income Securities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCorporate Bonds.\u003c\/p\u003e \u003cp\u003eMedium-Term Notes.\u003c\/p\u003e \u003cp\u003eCommercial Paper.\u003c\/p\u003e \u003cp\u003ePreferred Stock.\u003c\/p\u003e \u003cp\u003eConvertible Security.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8: Agency Mortgage Passthrough Securities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMortgages.\u003c\/p\u003e \u003cp\u003eMortgage Passthrough Securities.\u003c\/p\u003e \u003cp\u003eTypes of Agency Mortgage Passthrough Securities.\u003c\/p\u003e \u003cp\u003ePrepayment Conventions and Cash Flows.\u003c\/p\u003e \u003cp\u003eFactors Affecting Prepayment Behavior.\u003c\/p\u003e \u003cp\u003ePrepayment Models.\u003c\/p\u003e \u003cp\u003eYield.\u003c\/p\u003e \u003cp\u003eA Closer Look at Prepayment Risk.\u003c\/p\u003e \u003cp\u003eTrading and Settlement Procedures for Agency Passthroughs.\u003c\/p\u003e \u003cp\u003eStripped Mortgage-Backed Securities.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9: Agency Collateralized Mortgage Obligations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Basic Principle of CMOs.\u003c\/p\u003e \u003cp\u003eAgency CMOs.\u003c\/p\u003e \u003cp\u003eCMO Structures.\u003c\/p\u003e \u003cp\u003eYields.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10: Structured Credit Products.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePrivate Label Residential MBS.\u003c\/p\u003e \u003cp\u003eCommercial Mortgage-Backed Securities.\u003c\/p\u003e \u003cp\u003eNonmortgage Asset-Backed Securities.\u003c\/p\u003e \u003cp\u003eAuto Loan-Backed Securities.\u003c\/p\u003e \u003cp\u003eCollateralized Debt Obligations.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11: Investment-Oriented Life Insurance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Value Life Insurance.\u003c\/p\u003e \u003cp\u003eStock and Mutual Insurance Companies.\u003c\/p\u003e \u003cp\u003eGeneral Account vs. Separate Account Products.\u003c\/p\u003e \u003cp\u003eOverview of Cash Value Whole Life Insurance.\u003c\/p\u003e \u003cp\u003eTaxability of Life Insurance.\u003c\/p\u003e \u003cp\u003eProducts.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12: Investment Companies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTypes of Investment Companies.\u003c\/p\u003e \u003cp\u003eFund Sales Charges and Annual Operating Expenses.\u003c\/p\u003e \u003cp\u003eAdvantages of Investing in Mutual Funds.\u003c\/p\u003e \u003cp\u003eTypes of Funds by Investment Objective.\u003c\/p\u003e \u003cp\u003eThe Concept of a Family of Funds.\u003c\/p\u003e \u003cp\u003eTaxation of Mutual Funds.\u003c\/p\u003e \u003cp\u003eStructure of a Fund.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13: Exchange-Traded Funds.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReview of Mutual Funds and Closed-End Funds.\u003c\/p\u003e \u003cp\u003eBasics of Exchange-Traded Funds.\u003c\/p\u003e \u003cp\u003eETF Mechanics: The ETF Creation\/Redemption Process.\u003c\/p\u003e \u003cp\u003eETF Sponsors.\u003c\/p\u003e \u003cp\u003eMutual Funds vs. ETFs: Relative Advantages.\u003c\/p\u003e \u003cp\u003eUses of ETFs.\u003c\/p\u003e \u003cp\u003eThe New Generation of Mutual Funds.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14: Investing in Real Estate.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Benefits of Real Estate Investing.\u003c\/p\u003e \u003cp\u003eReal Estate Performance.\u003c\/p\u003e \u003cp\u003eReal Estate Risk Profile.\u003c\/p\u003e \u003cp\u003eReal Estate as Part of a Diversified Portfolio.\u003c\/p\u003e \u003cp\u003eCore, Value-Added, and Opportunistic Real Estate.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 15: Investing in Real Estate Investment Trusts.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAdvantages and Disadvantages of REITs.\u003c\/p\u003e \u003cp\u003eDifferent Types of REITs.\u003c\/p\u003e \u003cp\u003eREIT Rules.\u003c\/p\u003e \u003cp\u003eEconomics of REITs.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 16: Introduction to Hedge Funds.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHedge Funds vs. Mutual Funds.\u003c\/p\u003e \u003cp\u003eGrowth of the Hedge Fund Industry.\u003c\/p\u003e \u003cp\u003eCategories of Hedge Funds.\u003c\/p\u003e \u003cp\u003eHedge Fund Strategies.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 17: Considerations in Investing in Hedge Funds.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHedge Fund Performance.\u003c\/p\u003e \u003cp\u003eIs Hedge Fund Performance Persistent?\u003c\/p\u003e \u003cp\u003eA Hedge Fund Investment Strategy.\u003c\/p\u003e \u003cp\u003eSelecting a Hedge Fund Manager.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 18: Investing in Capital Venture Funds.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Role of a Venture Capitalist.\u003c\/p\u003e \u003cp\u003eThe Business Plan.\u003c\/p\u003e \u003cp\u003eVenture Capital Investment Vehicles.\u003c\/p\u003e \u003cp\u003eThe Life Cycle of a Venture Capital Fund.\u003c\/p\u003e \u003cp\u003eSpecialization within the Venture Capital Industry.\u003c\/p\u003e \u003cp\u003eStage of Financing.\u003c\/p\u003e \u003cp\u003eHistorical Performance.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 19: Investing in Leveraged Buyouts.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Theoretical Example of a Leveraged Buyout.\u003c\/p\u003e \u003cp\u003eHow LBOs Create Value.\u003c\/p\u003e \u003cp\u003eLBO Fund Structures.\u003c\/p\u003e \u003cp\u003eProfile of an LBO Candidate.\u003c\/p\u003e \u003cp\u003eVenture Capital vs. Leveraged Buyouts.\u003c\/p\u003e \u003cp\u003eRisks of LBOs.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 20: Investing in Mezzanine Debt.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview of Mezzanine Debt.\u003c\/p\u003e \u003cp\u003eExamples of Mezzanine Financing.\u003c\/p\u003e \u003cp\u003eMezzanine Funds.\u003c\/p\u003e \u003cp\u003eVenture Capital and the Distinction Between Mezannine Financing and Different Forms of Private Equity.\u003c\/p\u003e \u003cp\u003eAdvantages of Mezzanine Debt to the Investor.\u003c\/p\u003e \u003cp\u003eAdvantages to the Company\/Borrower.\u003c\/p\u003e \u003cp\u003eNegotiations with Senior Creditors.\u003c\/p\u003e \u003cp\u003eMarket Performance.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 21: Investing in Distressed Debt.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVulture Investors and Hedge Fund Managers.\u003c\/p\u003e \u003cp\u003eDistressed Debt Is an Inefficient and Segmented Market.\u003c\/p\u003e \u003cp\u003eDistressed Debt and Bankruptcy.\u003c\/p\u003e \u003cp\u003eDistressed Debt Investment Strategies.\u003c\/p\u003e \u003cp\u003eRisks of Distressed Debt Investing.\u003c\/p\u003e \u003cp\u003eMarket Performance.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 22: Investing in Commodities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGaining Exposure to Commodities.\u003c\/p\u003e \u003cp\u003eCommodity Prices Compared to Financial Asset Prices.\u003c\/p\u003e \u003cp\u003eEconomic Rationale.\u003c\/p\u003e \u003cp\u003eCommodity Futures Indexes.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and Concepts Introduced in this Chapter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAPPENDIX A: Arithmetic Mean vs. Geometric Mean.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAPPENDIX B: Measures of Risk.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRange and Location.\u003c\/p\u003e \u003cp\u003eMoments of the Distribution.\u003c\/p\u003e \u003cp\u003eINDEX.\u003c\/p\u003e  \u003cb\u003eMARK J. ANSON\u003c\/b\u003e, PhD, CFA, CAIA, CPA, JD, is the President and Executive Director of Investment Services at Nuveen Investments. Previously, he was the chief executive officer of Hermes Pensions Management Ltd., as well as the chief executive officer of the British Telecom Pension Scheme—the largest pension fund in the UK. Before joining Hermes, Anson was the chief investment officer of the $245 billion California Public Employees' Retirement System (CalPERS)—the largest pension fund in the United States. Anson is the author or coauthor of various financial books, including the \u003ci\u003eHandbook of Alternative Assets\u003c\/i\u003e (Wiley).  \u003cp\u003e\u003cb\u003eFrank J. Fabozzi\u003c\/b\u003e, PhD, CFA, CPA, is Professor in the Practice of Finance and Becton Fellow at the Yale School of Management, Editor of the \u003ci\u003eJournal of Portfolio Management\u003c\/i\u003e, and an Associate Editor of the \u003ci\u003eJournal of Fixed Income\u003c\/i\u003e. He is on the Advisory Council for the Department of Operations Research and Financial Engineering at Princeton University.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eFRANK J. JONES\u003c\/b\u003e, PhD, is a Professor of Accounting and Finance at San Jose State University. He is also Chairman of the Investment Committee of Private Ocean Wealth Management. Formerly, he was chief investment officer of Guardian Life Insurance Company and vice chairman of the board of the International Securities Exchange.\u003c\/p\u003e  As the financial industry continues to grow in both size and sophistication, so do the instruments found within it. In order to achieve success in today's markets—whether you're a seasoned professional or an individual investor—you need a firm understanding of the various investment vehicles that can protect a portfolio as well as increase its overall performance.  \u003cp\u003eThe expert author team of Mark Anson, Frank Fabozzi, and Frank Jones has extensive experience in the field of finance, and now, with \u003ci\u003eThe Handbook of Traditional and Alternative Investment Vehicles\u003c\/i\u003e, they provide a soup-to-nuts description of the numerous financial instruments that exist in the marketplace.\u003c\/p\u003e \u003cp\u003eMixing theory with real-world examples, this reliable resource opens with a detailed look at traditional assets, such as common stock and basic bonds as well as municipal bonds, agency passthrough securities, collateralized mortgage obligations (CMOs), and more specialized structured products in the credit industry. It also covers the fastest growing part of the asset management industry: exchange-traded funds (ETFs).\u003c\/p\u003e \u003cp\u003eAfter a thorough discussion of traditional assets, including real estate and real estate investment trusts (REITs), \u003ci\u003eThe Handbook of Traditional and Alternative Investment Vehicles\u003c\/i\u003e then ventures into the world of alternative assets, offering both a descriptive overview of the many types and styles of hedge funds as well as how to invest in them. The authors also cover the world of private equity—dedicating a chapter to each of the four parts of this world: leveraged buyouts, venture capital, mezzanine debt, and distressed debt—and also take the time to address commodities, which in recent decades, have developed as an important asset class.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe Handbook of Traditional and Alternative Investment Vehicles\u003c\/i\u003e goes beyond the spectrum of most finance books by offering professionals in-depth knowledge, strategies, and techniques on a broad range of assets necessary to excel in today's dynamic market.\u003c\/p\u003e  \u003cb\u003eTHE HANDBOOK of TRADITIONAL and ALTERNATIVE Investment Vehicles\u003c\/b\u003e  \u003cp\u003eWhether you're a seasoned professional or an individual investor, you need to be familiar with the various financial instruments found in today's marketplace if you intend on achieving investment success. Nobody understands this better than the expert author team of Mark Anson, Frank Fabozzi, and Frank Jones. And now, with \u003ci\u003eThe Handbook of Traditional and Alternative Investment Vehicles\u003c\/i\u003e they share their extensive experience in the field of finance with you.\u003c\/p\u003e \u003cp\u003eEngaging and informative, this practical guide provides a detailed look at a wide array of products that can enhance your investment endeavors. Touching on both traditional and alternative assets, it covers everything from common stock to commodities, and offers strategies that will allow you to use them to enhance your portfolio's performance. Instruments you'll be introduced to include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eStocks(Traditional); Hedge Funds (Alternative)\u003c\/li\u003e \u003cli\u003eBonds and Structured Credit Products (Traditional); Venture Capital and Private Equity (Alternative)\u003c\/li\u003e \u003cli\u003eReal Estate (Traditional); Commodities (Alternative)\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eSucceeding in today's volatile market requires careful investment in many different asset classes through multiple investment vehicles. Written in a straightforward and accessible style, \u003ci\u003eThe Handbook of Traditional and Alternative Investment Vehicles\u003c\/i\u003e presents the major principles and methods of investing in established, as well as new, asset classes and discusses the risks and rewards that accompany them.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990254829797,"sku":"NP9780470609736","price":90.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470609736.jpg?v=1761787082","url":"https:\/\/k12savings.com\/es\/products\/the-handbook-of-traditional-and-alternative-investment-vehicles-isbn-9780470609736","provider":"K12savings","version":"1.0","type":"link"}