{"product_id":"financial-engineering-isbn-9780470455814","title":"Financial Engineering","description":"\u003cp\u003e\u003cb\u003eFINANCIAL ENGINEERING\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eFinancial engineering is poised for a great shift in the years ahead. Everyone from investors and borrowers to regulators and legislators will need to determine what works, what doesn't, and where to go from here. \u003ci\u003eFinancial Engineering\u003c\/i\u003e—part of the Robert W. Kolb Series in Finance—has been designed to help you do just this. Comprised of contributed chapters by distinguished experts from industry and academia, this reliable resource will help you focus on established activities in the field, developing trends and changes, as well as areas of opportunity. \u003c\/p\u003e\u003cp\u003eDivided into five comprehensive parts, \u003ci\u003eFinancial Engineering\u003c\/i\u003e begins with an informative overview of the discipline, chronicling its complete history and profiling potential career paths. From here, Part II quickly moves on to discuss the evolution of financial engineering in major markets—fixed income, foreign exchange, equities, commodities and credit—and offers important commentary on what has worked and what will change. Part III then examines a number of recent innovative applications of financial engineering that have made news over the past decade—such as the advent of securitized and structured products and highly quantitative trading strategies for both equities and fixed income. Thoughts on how risk management might be retooled to reflect what has been learned as a result of the recent financial crisis are also included. \u003c\/p\u003e\u003cp\u003ePart IV of the book is devoted entirely to case studies that present valuable lessons for active practitioners and academics. Several of the cases explore the risk that has instigated losses across multiple markets, including the global credit crisis. You'll gain in-depth insights from cases such as Countrywide, Société Générale, Barings, Long-Term Capital Management, the Florida Local Government Investment Pool, AIG, Merrill Lynch, and many more. \u003c\/p\u003e\u003cp\u003eThe demand for specific and enterprise risk managers who can think outside the box will be substantial during this decade. Much of Part V presents new ways to be successful in an era that demands innovation on both sides of the balance sheet. Chapters that touch upon this essential topic include Musings About Hedging; Operational Risk; and The No-Arbitrage Condition in Financial Engineering: Its Use and Mis-Use. \u003c\/p\u003e\u003cp\u003eThis book is complemented by a companion website that includes details from the editors' survey of financial engineering programs around the globe, along with a glossary of key terms from the book. \u003c\/p\u003e\u003cp\u003eThis practical guide puts financial engineering in perspective, and will give you a better idea of how it can be effectively utilized in real- world situations. \u003c\/p\u003e\u003cp\u003eIntroduction xi\u003cbr\u003e\u003ci\u003eTanya Beder and Cara M. Marshall\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I Overview 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 The History of Financial Engineering from Inception to Today 3\u003cbr\u003e\u003ci\u003eTanya Beder\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e2 Careers in Financial Engineering 29\u003cbr\u003e\u003ci\u003eSpencer Jones\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e3 A Profile of Programs and Curricula with a Financial Engineering Component 51\u003cbr\u003e\u003ci\u003eJohn Cornish\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II Financial Engineering and the Evolution of Major Markets 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4 The Fixed Income Market 73\u003cbr\u003e\u003ci\u003ePeruvemba Satish\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e5 The U.S. Mortgage Market 111\u003cbr\u003e\u003ci\u003eBruce McNevin\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e6 The Equity Market 131\u003cbr\u003e\u003ci\u003eGary L. Gastineau and John F. Marshall\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e7 The Foreign Exchange Market 159\u003cbr\u003e\u003ci\u003eLaurent L. Jacque\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e8 The Commodity Market 191\u003cbr\u003e\u003ci\u003eHelen Lu and Cara M. Marshall\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e9 The Credit Market 215\u003cbr\u003e\u003ci\u003eFrank Iacono\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART III Key Applications of Financial Engineering 241\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10 Securitized Products 243\u003cbr\u003e\u003ci\u003eKonstantin Braun\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e11 Structured Products 259\u003cbr\u003e\u003ci\u003eTimothy A. Day\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e12 Thoughts on Retooling Risk Management 273\u003cbr\u003e\u003ci\u003eTanya Beder and Spencer Jones\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e13 Financial Engineering and Macroeconomic Innovation 289\u003cbr\u003e\u003ci\u003eCara Marshall and John O’Connell\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e14 Independent Valuation for Financially-Engineered Products 305\u003cbr\u003e\u003ci\u003eCindy W. Ma and Andrew MacNamara\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e15 Quantitative Trading in Equities 323\u003cbr\u003e\u003ci\u003eKun Gao\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e16 Systematic Trading in Foreign Exchange 337\u003cbr\u003e\u003ci\u003eChris Attfield and Mel Mayne\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART IV Case Studies in Financial Engineering: The Good, the Bad, and the Ugly 367\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17 Case Studies Introduction 369\u003cbr\u003e\u003ci\u003ePenny Cagan\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e18 Mortgage Case Studies: Countrywide and Northern Rock 373\u003cbr\u003e\u003cbr\u003eAlgorithmics Software LLC\u003c\/p\u003e \u003cp\u003e19 Derivatives Case Studies: SocGen, Barings, and Allied Irish\/Allfirst 385\u003cbr\u003e\u003cbr\u003eAlgorithmics Software LLC\u003c\/p\u003e \u003cp\u003e20 Fixed Income Case Study, Swap Market: The Allstate Corporation 405\u003c\/p\u003e \u003cp\u003eAlgorithmics Software LLC\u003c\/p\u003e \u003cp\u003e21 Lessons from Funds: LTCM, Florida, and Orange County 409\u003c\/p\u003e \u003cp\u003eAlgorithmics Software LLC\u003c\/p\u003e \u003cp\u003e22 Credit Derivatives Case Studies: AIG and 421\u003cbr\u003e\u003ci\u003eMerrill Lynch\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eAlgorithmics Software LLC\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART V Special Topics in Financial Engineering 431\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e23 Performance Fees 433\u003cbr\u003e\u003ci\u003eMark P. Kritzman\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e24 Musings About Hedging 445\u003cbr\u003e\u003ci\u003eIra Kawaller\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e25 Operational Risk 455\u003cbr\u003e\u003ci\u003eMonique Miller\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e26 Legal Risk 465\u003cbr\u003e\u003ci\u003eJordana Krohley\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e27 Portable Alpha 487\u003cbr\u003e\u003ci\u003eTanya Beder and Giovanni Beliossi\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e28 The No-Arbitrage Condition in Financial Engineering: Its Use and Misuse 497\u003cbr\u003e\u003ci\u003eAndrew Aziz\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e29 Influencing Financial Innovation: The Management of Systemic Risks and the Role of the Public Sector 521\u003cbr\u003e\u003ci\u003eTodd Groome, John Kiff, and Paul Mills\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART VI Appendices 547\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA IT Tools for Financial Asset Management and Engineering 549\u003c\/p\u003e \u003cp\u003eB About the Companion Website 569\u003c\/p\u003e \u003cp\u003eAbout the Editors 575\u003c\/p\u003e \u003cp\u003eIndex 577\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eTANYA S. BEDER\u003c\/b\u003e is Chairman of SBCC in New York. She has clients around the world and is a featured speaker in the areas of risk management, structured securities, strategy, governance and financial forensics. Beder is on the Board of Directors of American Century Mutual Funds, the National Board of Mathematics and Their Applications and is an Appointed Fellow of the International Center for Finance at Yale University. Previously, she was CEO of Tribeca, a $3 billion multi-strategy hedge fund and Managing Director of Caxton, a $10 billion investment firm. Beder is widely published, including in \u003ci\u003eThe Journal of Portfolio Management, Financial Analysts Journal,\u003c\/i\u003e and \u003ci\u003eHarvard Business Review\u003c\/i\u003e. Her degrees are from Harvard and Yale Universities. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCARA M. MARSHALL\u003c\/b\u003e is a professor of finance and risk management at Queens College of the City University of New York and consults to the financial services community as a training consultant. She has been published in the \u003ci\u003eGlobal Finance Journal\u003c\/i\u003e and contributed to \u003ci\u003eFinancial Derivatives: Pricing and Risk Management\u003c\/i\u003e (also published by Wiley).   \u003c\/p\u003e\u003cp\u003eFinancial engineering is poised for a great shift in the years ahead. Everyone from investors and borrowers to regulators and legislators will need to determine what works, what doesn't, and where to go from here. Financial Engineering—part of the Robert W. Kolb Series in Finance—has been designed to help you do just this. Comprised of contributed chapters by distinguished experts from industry and academia, this reliable resource will help you focus on established activities in the field, developing trends and changes, as well as areas of opportunity.\u003c\/p\u003e \u003cp\u003eDivided into five comprehensive parts, Financial Engineering begins with an informative overview of the discipline, chronicling its complete history and profiling potential career paths. From here, Part II quickly moves on to discuss the evolution of financial engineering in major markets—fixed income, foreign exchange, equities, commodities and credit—and offers important commentary on what has worked and what will change. Part III then examines a number of recent innovative applications of financial engineering that have made news over the past decade—such as the advent of securitized and structured products and highly quantitative trading strategies for both equities and fixed income. Thoughts on how risk management might be retooled to reflect what has been learned as a result of the recent financial crisis are also included.\u003c\/p\u003e \u003cp\u003ePart IV of the book is devoted entirely to case studies that present valuable lessons for active practitioners and academics. Several of the cases explore the risk that has instigated losses across multiple markets, including the global credit crisis. You'll gain in-depth insights from cases such as Countrywide, Société Générale, Barings, Long-Term Capital Management, the Florida Local Government Investment Pool, AIG, Merrill Lynch, and many more.\u003c\/p\u003e \u003cp\u003eThe demand for specific and enterprise risk managers who can think outside the box will be substantial during this decade. Much of Part V presents new ways to be successful in an era that demands\u003c\/p\u003e \u003cp\u003einnovation on both sides of the balance sheet.\u003c\/p\u003e \u003cp\u003eChapters that touch upon this essential topic include Musings About Hedging; Operational Risk; and The No-Arbitrage Condition in Financial Engineering: Its Use and Mis-Use.\u003c\/p\u003e \u003cp\u003eThis book is complemented by a companion website that includes details from the editors' survey of financial engineering programs around the globe, along with a glossary of key terms from the book.\u003c\/p\u003e \u003cp\u003eThis practical guide puts financial engineering in perspective, and will give you a better idea of how it can be effectively utilized in real-world situations.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eFINANCIAL ENGINEERING\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eFinancial engineering is poised for a great shift in the years ahead. Everyone from investors and borrowers to regulators and legislators will need to determine what works, what doesn't, and where to go from here. \u003ci\u003eFinancial Engineering\u003c\/i\u003e—part of the Robert W. Kolb Series in Finance—has been designed to help you do just this. Comprised of contributed chapters by distinguished experts from industry and academia, this reliable resource will help you focus on established activities in the field, developing trends and changes, as well as areas of opportunity. \u003c\/p\u003e\u003cp\u003eDivided into five comprehensive parts, \u003ci\u003eFinancial Engineering\u003c\/i\u003e begins with an informative overview of the discipline, chronicling its complete history and profiling potential career paths. From here, Part II quickly moves on to discuss the evolution of financial engineering in major markets—fixed income, foreign exchange, equities, commodities and credit—and offers important commentary on what has worked and what will change. Part III then examines a number of recent innovative applications of financial engineering that have made news over the past decade—such as the advent of securitized and structured products and highly quantitative trading strategies for both equities and fixed income. Thoughts on how risk management might be retooled to reflect what has been learned as a result of the recent financial crisis are also included. \u003c\/p\u003e\u003cp\u003ePart IV of the book is devoted entirely to case studies that present valuable lessons for active practitioners and academics. Several of the cases explore the risk that has instigated losses across multiple markets, including the global credit crisis. You'll gain in-depth insights from cases such as Countrywide, Société Générale, Barings, Long-Term Capital Management, the Florida Local Government Investment Pool, AIG, Merrill Lynch, and many more. \u003c\/p\u003e\u003cp\u003eThe demand for specific and enterprise risk managers who can think outside the box will be substantial during this decade. Much of Part V presents new ways to be successful in an era that demands innovation on both sides of the balance sheet. Chapters that touch upon this essential topic include Musings About Hedging; Operational Risk; and The No-Arbitrage Condition in Financial Engineering: Its Use and Mis-Use. \u003c\/p\u003e\u003cp\u003eThis book is complemented by a companion website that includes details from the editors' survey of financial engineering programs around the globe, along with a glossary of key terms from the book. \u003c\/p\u003e\u003cp\u003eThis practical guide puts financial engineering in perspective, and will give you a better idea of how it can be effectively utilized in real- world situations.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989209694437,"sku":"NP9780470455814","price":95.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470455814.jpg?v=1761783219","url":"https:\/\/k12savings.com\/products\/financial-engineering-isbn-9780470455814","provider":"K12savings","version":"1.0","type":"link"}