{"product_id":"alternative-investments-isbn-9781118241127","title":"Alternative Investments","description":"\u003cb\u003eA comprehensive guide to alternative investments that reveals today's latest research and strategies\u003c\/b\u003e  \u003cp\u003eHistorically low interest rates and bear markets in world stock markets have generated intense interest in alternative investments. With returns in traditional investment vehicles relatively low, many professional investors view alternative investments as a means of meeting their return objectives. \u003ci\u003eAlternative Investments: Instruments, Performance, Benchmarks, and Strategies\u003c\/i\u003e, can put you in a better position to achieve this difficult goal.\u003c\/p\u003e \u003cp\u003ePart of the Robert W. Kolb Series in Finance, \u003ci\u003eAlternative Investments\u003c\/i\u003e provides an in-depth discussion of the historic performance, benchmarks, and strategies of every major alternative investment market. With contributions from professionals and academics around the world, it offers valuable insights on the latest trends, research, and thinking in each major area. Empirical evidence about each type of alternative investment is featured, with research presented in a straightforward manner.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExamines a variety of major alternative asset classes, from real estate, private equity, and commodities to managed futures, hedge funds, and distressed securities\u003c\/li\u003e \u003cli\u003eProvides detailed insights on the latest research and strategies, and offers a thorough explanation of historical performance, benchmarks, and other critical information\u003c\/li\u003e \u003cli\u003eBlends knowledge from the conceptual world of scholars with the pragmatic view of practitioners in this field\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAlternative investments provide a means of diversification, risk control, and return enhancement and, as such, are attractive to many professional investors. If you're looking for an effective way to hone your skills in this dynamic area of finance, look no further than this book.\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Alternative Investments: An Overview 3\u003cbr\u003e\u003ci\u003eH. Kent Baker and Greg Filbeck\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e2 The Role of Alternative Investments in Strategic Asset Allocation 19\u003cbr\u003e\u003ci\u003eDouglas Cumming, Lars Helge Haß, and Denis Schweizer\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e3 Trends in Alternative Investments 37\u003cbr\u003e\u003ci\u003eErik Benrud\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e4 Alternative Investments and Due Diligence 53\u003cbr\u003e\u003ci\u003eGöğkhan Afyonoğlu\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Real Estate 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5 REITs and the Private Real Estate Market 79\u003cbr\u003e\u003ci\u003eShaun A. Bond and Qingqing Chang\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e6 Commercial Real Estate 99\u003cbr\u003e\u003ci\u003ePeter Chinloy\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e7 Real Estate Investment Trusts 119\u003cbr\u003e\u003ci\u003eBrad Case\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e8 Mortgaged-Backed Securities 143\u003cbr\u003e\u003ci\u003eEric J. Higgins\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e9 Mezzanine Debt and Preferred Equity in Real Estate 163\u003cbr\u003e\u003ci\u003eAndrew R. Berman\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e10 Real Estate Appraisal and Valuation 185\u003cbr\u003e\u003ci\u003eJeffrey D. Fisher and Demetrios Louziotis, Jr.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e11 Performance of Real Estate Portfolios 213\u003cbr\u003e\u003ci\u003eDavid Geltner\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Private Equity 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12 Venture Capital 241\u003cbr\u003e\u003ci\u003eTom Vanacker and Sophie Manigart\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e13 Mezzanine Capital 263\u003cbr\u003e\u003ci\u003eSameer Jain and Phillip Myburgh\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e14 Buyout Funds 281\u003cbr\u003e\u003ci\u003eChristian Rauch and Mark Wahrenburg\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e15 Distressed Debt Investing 303\u003cbr\u003e\u003ci\u003eMichelle M. Harner, Paul E. Harner, Catherine M. Martin, and Aaron M. Singer\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e16 Performance of Private Equity 323\u003cbr\u003e\u003ci\u003eChristoph Kaserer and Rϋdiger Stucke\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e17 Private Equity: Risk and Return Profile 345\u003cbr\u003e\u003ci\u003eAxel Buchner, Arif Khurshed, and Abdulkadir Mohamed\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Commodities and Managed Futures 363\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18 Investing in Commodities 365\u003cbr\u003e\u003ci\u003eClaudio Boido\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e19 Performance of Commodities 381\u003cbr\u003e\u003ci\u003eAndrew Clark\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e20 Commodity Futures and Strategic Asset Allocation 399\u003cbr\u003e\u003ci\u003eYongyang Su, Marco C. K. Lau, and Frankie Chau\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e21 Managed Futures: Markets, Investment Characteristics, and Role in a Portfolio 419\u003cbr\u003e\u003ci\u003eDavide Accomazzo\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e22 An Overview of Managed Futures’ Performance: 1983 to Post-2008 Credit Crisis 437\u003cbr\u003e\u003ci\u003eKai-Hong Tee\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V Hedge Funds 453\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e23 Investing in Hedge Funds 455\u003cbr\u003e\u003ci\u003eHunter M. Holzhauer\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e24 Performance of Hedge Funds 475\u003cbr\u003e\u003ci\u003eDianna Preece\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e25 Hedge Funds and Risk Management 495\u003cbr\u003e\u003ci\u003eTheodore Syriopoulos\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e26 Hedge Funds and the Financial Crisis 521\u003cbr\u003e\u003ci\u003eJing-Zhi Huang and Ying Wang\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e27 Hedge Funds: Replication and Nonlinearities 541\u003cbr\u003e\u003ci\u003eMikhail Tupitsyn and Paul Lajbcygier\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e28 Fund-of-Funds: A Tale of Two Fees 567\u003cbr\u003e\u003ci\u003eKartik Patel\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eAnswers to Discussion Questions 587\u003c\/p\u003e \u003cp\u003eIndex 619\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eH. KENT BAKER, PhD, CFA, CMA,\u003c\/b\u003e is University Professor of Finance at the Kogod School of Business, American University in Washington, D.C. As one of the most prolific finance academics, he is the author or editor of 18 books, and more than 150 refereed articles in such publications as the \u003ci\u003eJournal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, Journal of Portfolio Management,\u003c\/i\u003e and \u003ci\u003eHarvard Business Review.\u003c\/i\u003e He has consulting and training experience with more than 100 organizations. Professor Baker received a BSBA from Georgetown University; MEd, MBA, and DBA degrees from the University of Maryland; and an MA, MS, and two PhDs from American University. He also holds CFA and CMA designations.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGREG FILBECK\u003c\/b\u003e holds the Samuel P. Black III Professor of Insurance and Risk Management at Penn State Erie, The Behrend School, and serves as Program Chair for Finance. He previously served as senior vice-president at Kaplan Schweser, and also held academic appointments at Miami University (Ohio) and the University of Toledo, where he served as the associate director of the Center for Family and Privately-Held Business. Professor Filbeck is a coauthor of \u003ci\u003eDerivatives and Risk Management\u003c\/i\u003e and editor of \u003ci\u003eCFA Basics: The Schweser Study Guide to Getting Started.\u003c\/i\u003e He has published more than 70 refereed academic journal articles that have appeared in the \u003ci\u003eFinancial Analysts Journal, Financial Review,\u003c\/i\u003e and \u003ci\u003eJournal of Business Finance and Accounting.\u003c\/i\u003e Professor Filbeck serves on the editorial board of the J\u003ci\u003eournal of Business and Economic Perspectives\u003c\/i\u003e and as a board member for the Southern Finance Association.\u003c\/p\u003e  \u003cp\u003eHistorically low interest rates coupled with severe equity bear markets around the world have generated intense interest in alternative investments. With returns in traditional investment vehicles relatively low, many sophisticated investors view alternative investments as a means of meeting their return objectives. \u003ci\u003eAlternative Investments: Instruments, Performance, Benchmarks, and Strategies\u003c\/i\u003e—part of the Robert W. Kolb Series in Finance—can put you in a better position to achieve this difficult goal.\u003c\/p\u003e \u003cp\u003eEngaging and accessible, this reliable guide contains the latest insights about alternative investments based on contributions by practitioners and academics who are experts in this area. To reinforce the information covered, each self-contained chapter concludes with a summary and discussion questions of key lessons. Along the way, this book skillfully addresses essential topics associated with this field, including the market for alternative investments, benchmarks, and historical performance as well as specific investment strategies and issues concerning performance evaluation and reporting.\u003c\/p\u003e \u003cp\u003eDivided into five comprehensive parts, this book provides extensive coverage of alternative investments ranging from real estate and private equity to commodities, managed futures, and hedge funds. Chapter by chapter, it will help you:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDetermine the current market value of a particular alternative investment asset\u003c\/li\u003e \u003cli\u003eDevelop your investment knowledge base with regard to real estate investment trusts (REITs), commercial real estate, mortgage-backed securities (MBS), and mezzanine loans and preferred equity investments\u003c\/li\u003e \u003cli\u003eBecome familiar with the various investment activities and vehicles encompassing private equity, from distressed debt investing and buyout funds to venture and mezzanine capital\u003c\/li\u003e \u003cli\u003eUnderstand commodities as a financial asset as well as how commodity investing via managed futures can improve portfolio construction\u003c\/li\u003e \u003cli\u003eDiscover the structure, history, performance, risks, and strategies of hedge funds, as well as a new nonlinear model of hedge fund returns that paves the way toward nonlinear replication\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAlternative investing is a complex topic. Yet, by using this book as a guide, you will not only gain a broad understanding of the topic but also discover how to effectively apply alternative investments in real-world situations.\u003c\/p\u003e  \u003cp\u003eThe Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals. As part of the Robert W. Kolb Series in Finance, \u003ci\u003eAlternative Investments\u003c\/i\u003e aims to provide a comprehensive understanding of the essential elements associated with this important area of finance.\u003c\/p\u003e \u003cp\u003eFilled with in-depth insights and practical advice, \u003ci\u003eAlternative Investments\u003c\/i\u003e provides a thorough look at the historical performance, benchmarks, and strategies associated with many of today's most effective alternative investments. It offers valuable insights on the latest trends, research, and thinking in each major area, and empirical evidence on each type of alternative investment is featured.\u003c\/p\u003e \u003cp\u003eComprising five informative parts, this timely guide contains a detailed discussion of alternative investments, covering everything from real estate and private equity to commodities, managed futures, and hedge funds. Along the way, it will help you navigate through the key areas of alternative investments and show you how to balance their opportunities and risks.\u003c\/p\u003e \u003cp\u003eAlternative investments provide a means of diversification, risk control, and return enhancement and, as such, are attractive to many sophisticated investors. If you are looking for an effective way to hone your skills in this dynamic area of finance, look no further than this book.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988716273893,"sku":"NP9781118241127","price":131.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118241127.jpg?v=1761781308","url":"https:\/\/k12savings.com\/products\/alternative-investments-isbn-9781118241127","provider":"K12savings","version":"1.0","type":"link"}