{"product_id":"the-handbook-of-commodity-investing-isbn-9780470117644","title":"The Handbook of Commodity Investing","description":"Filled with a comprehensive collection of information from experts in the commodity investment industry, this detailed guide shows readers how to successfully incorporate commodities into their portfolios. Created with both the professional and individual investor in mind, \u003ci\u003eThe Handbook of Commodity Investments\u003c\/i\u003e covers a wide range of issues, including the risk and return of commodities, diversification benefits, risk management, macroeconomic determinants of commodity investments, and commodity trading advisors. Starting with the basics of commodity investments and moving to more complex topics, such as performance measurement, asset pricing, and value at risk, \u003ci\u003eThe Handbook of Commodity Investments\u003c\/i\u003e is a reliable resource for anyone who needs to understand this dynamic market.  Foreword.  \u003cp\u003ePreface.\u003c\/p\u003e \u003cp\u003eAbout the Editors.\u003c\/p\u003e \u003cp\u003eContributing Authors.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE:\u003c\/b\u003e \u003cb\u003eMechanics of the Commodity Market.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1: A Primer on Commodity Investing (Frank J. Fabozzi, Roland Füss, and Dieter G. Kaiser).\u003c\/p\u003e \u003cp\u003eCHAPTER 2: The Pricing and Economics of Commodity Futures (Mark J. P. Anson).\u003c\/p\u003e \u003cp\u003eCHAPTER 3: Commodity Futures Investments: A Review of Strategic Motivations and Tactical Opportunities (Joshua D. Woodard).\u003c\/p\u003e \u003cp\u003eCHAPTER 4: Macroeconomic Determinants of Commodity Futures Returns (Zeno Adams, Roland Fuss, and Dieter G. Kaiser).\u003c\/p\u003e \u003cp\u003eCHAPTER 5: The Relationship Between Risk Premium and Convenience Yield Models (Viola Markert and Heinz Zimmermann).\u003c\/p\u003e \u003cp\u003eCHAPTER 6: The Optimal Rotation Period of Renewable Resources: Theoretical Evidence from the Timber Sector (Dr. Fritz Helmedag).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO:\u003c\/b\u003e \u003cb\u003ePerformance Measurement.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 7: Review of Commodity Futures Performance Benchmarks (Roland Füss, Christian Hoppe, and Dieter G. Kaiser).\u003c\/p\u003e \u003cp\u003eCHAPTER 8: Performance Characteristics of Commodity Futures (Claude Erb, Campbell R. Harvey, and Christian Kempe).\u003c\/p\u003e \u003cp\u003eCHAPTER 9: Statistical Analysis of Commodity Futures Returns (Reinhold Hafner and Maria Heiden).\u003c\/p\u003e \u003cp\u003eCHAPTER 10: The Diversification Benefits of Commodity Futures Indexes: A Mean-Variance Spanning Test (Bernd Scherer and Li He).\u003c\/p\u003e \u003cp\u003eCHAPTER 11: CTA\/Managed Futures Strategy Benchmarks: Performance and Review (Thomas Schneeweis, Raj Gupta, and Jason Remillard).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE:\u003c\/b\u003e \u003cb\u003eRisk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 12: Some Thoughts on Risk Management for Commodity Portfolios (Jeffrey M. Christian).\u003c\/p\u003e \u003cp\u003eCHAPTER 13: Effective Risk Management Strategies for Commodity Portfolios (Moazzam Khoja).\u003c\/p\u003e \u003cp\u003eCHAPTER 14: Quantifying Cross-Commodity Risk in Portfolios of Futures Contracts (Ted Kury).\u003c\/p\u003e \u003cp\u003eCHAPTER 15: Incorporating Futures in Commodity Price Forecasts (Chakriya Bowman and Aasim M. Husain).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR:\u003c\/b\u003e \u003cb\u003eAsset Allocation.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 16: Commodity Trading Strategies: Examples of Trading Rules and Signals from the CTA Sector (François-Serge Lhabitant).\u003c\/p\u003e \u003cp\u003eCHAPTER 17: How to Design a Commodity Futures Trading Program (Hilary Till and Joseph Eagleeye).\u003c\/p\u003e \u003cp\u003eCHAPTER 18: Sources of Alpha in Commodity Investing (Markus Mezger).\u003c\/p\u003e \u003cp\u003eCHAPTER 19: Efficient Frontier of Commodity Portfolios (Juliane Proelss and Denis Schweizer).\u003c\/p\u003e \u003cp\u003eCHAPTER 20: Active Management of Commodity Investments: The Role of CTAs and Hedge Funds (R. McFall Lamm, Jr.).\u003c\/p\u003e \u003cp\u003eCHAPTER 21: Introducing Alternative Investments in a Traditional Portfolio: The Case of Commodities, Hedge Funds, and Managed Futures (Mark S. Shore).\u003c\/p\u003e \u003cp\u003eCHAPTER 22: Strategic and Tactical Allocation to Commodities for Retirement Savings Schemes (Theo E. Nijman and Laurens A. P. Swinkels).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FIVE:\u003c\/b\u003e \u003cb\u003eCommodity Products.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 23: Types of Commodity Investments (Lynne Engelke and Jack C. Yuen).\u003c\/p\u003e \u003cp\u003eCHAPTER 24: Commodity Options (Carol Alexander and Aanand Venkatramanan).\u003c\/p\u003e \u003cp\u003eCHAPTER 25: The Pricing of Electricity Forwards (Dr. Matthias Muck and Markus Rudolf).\u003c\/p\u003e \u003cp\u003eCHAPTER 26: Securitization of Commodity Price Risk (Paul U. Ali).\u003c\/p\u003e \u003cp\u003eCHAPTER 27: Commodity Trading Advisors: A Review of Historical Performance (Martin Eling).\u003c\/p\u003e \u003cp\u003eCHAPTER 28: Catching Future Stars Among Micro-CTAs (Greg N. Gregoriou and Fabrice Douglas Rouah).\u003c\/p\u003e \u003cp\u003eCHAPTER 29: A Primer on Energy Hedge Funds (Oliver Engelen and Dieter G. Kaiser).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART SIX:\u003c\/b\u003e \u003cb\u003eSpecial Classes.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 30: An Overview of Commodity Sectors (Roland Eller and Christian Sagerer).\u003c\/p\u003e \u003cp\u003eCHAPTER 31: A Practical Guide to Gold as an Investment Asset (Charlie X. Cai, lain Clacher, Robert Faff, and David Hillier).\u003c\/p\u003e \u003cp\u003eCHAPTER 32: The Effect of Gold in a Traditional Portfolio (Thomas Heidorn and Nadeshda Demidova-Menzel).\u003c\/p\u003e \u003cp\u003eChapter 33: Fundamental Analysis of the World Silver Market (Jeffrey M. Christian).\u003c\/p\u003e \u003cp\u003eCHAPTER 34: Investing in Base Metals (Michael Killick).\u003c\/p\u003e \u003cp\u003eCHAPTER 35: Electricity Trading in the European Union (Stefan Ulreich).\u003c\/p\u003e \u003cp\u003eCHAPTER 36: The Natural Gas Market in the United Kingdom (Chris Harris).\u003c\/p\u003e \u003cp\u003eCHAPTER 37: Emissions Trading in the European Union (Stefan Ulreich).\u003c\/p\u003e \u003cp\u003eCHAPTER 38: The Fundamentals of Agricultural and Livestock Commodities (Ronald C. Spurga).\u003c\/p\u003e \u003cp\u003eCHAPTER 39: Fundamental Analysis of the World Sugar Market (Rohit Savant).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART SEVEN:\u003c\/b\u003e \u003cb\u003eTechnical Analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 40: The Profitability of Technical Analysis in Commodity Markets (Cheol-Ho Park and Scott H. Irwin).\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e  \"Anyone interested in commodities as an investment and just wants the pure facts (no hype) should find \u003ci\u003eThe Handbook of Commodity Investing\u003c\/i\u003e very beneficial.\" (\u003ci\u003eAbout.com: Commodities\u003c\/i\u003e)  \u003cp\u003e\"Fabozzi is by far the best-selling author when it comes to financial mathematics for practitioners.\" (\u003ci\u003ePublishing News,\u003c\/i\u003e Friday 14th March 2008)\u003c\/p\u003e  \u003cb\u003eFrank J. Fabozzi,\u003c\/b\u003e PhD, CFA, is Professor in the Practice of Finance and Becton Fellow at Yale University's School of Management and the Editor of the \u003ci\u003eJournal of Portfolio Management\u003c\/i\u003e.  \u003cp\u003e\u003cb\u003eRoland Fuss,\u003c\/b\u003e PhD, is Professor of the Endowed Chair for Asset Management, European Business School (EBS), International University Schloss Reichartshausen, Germany.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eDieter G. Kaiser,\u003c\/b\u003e PhD, is Director of Alternative Investments at Feri Institutional Advisors GmbH in Bad Homburg, Germany, where he is managing a dedicated commodities fund of hedge funds.\u003c\/p\u003e  \u003cp\u003eThe shift in the balance of economic growth from the developed world to the developing world shows no sign of reversal. For the first time in history, more people live in cities than in the countryside, and their material needs have led to an acceleration in demand for metals, energy, and food. The supply side has been slow to react fully to this change, and as a result, many commodities have reached \"tipping points,\" flipping from surpluses into shortages—and it appears likely that the current period of elevated commodity prices will be prolonged.\u003c\/p\u003e \u003cp\u003eThe Handbook of Commodity Investing provides the information necessary for investors to understand and successfully incorporate commodities into their portfolios. Filled with a comprehensive collection of information from experts in the commodity investment industry, this detailed guide explains the mechanics of the commodity market, performance measurement, risk management, asset allocation, and the different commodity products, including special classes of assets.\u003c\/p\u003e \u003cp\u003eEditors Frank Fabozzi, Roland Füss, and Dieter Kaiser begin with a primer on the basics of commodity investing, offering insight into market participants, commodity sectors, commodity exchanges, return components of commodity futures, and the risk and performance characteristics of the sectors. They provide information on the all-important topic of risk management for commodity investments, outlining seven key principles for effective risk management of commodity futures portfolios. And they offer specific advice on how commodity products can be implemented within an investor's asset allocation, demonstrating how to efficiently design a commodity futures trading program, use hedge funds, and more.\u003c\/p\u003e \u003cp\u003eIn addition to providing an overview of the various commodity products currently available to investors, the editors offer more detailed information on some of the most important commodity sectors, including commodity market fundamentals for grain, cattle, and hogs; gold and silver; electricity and emissions trading in the European Union; and other key sectors.\u003c\/p\u003e \u003cp\u003eAn invaluable guide for individuals, institutional investors, and academics, The Handbook of Commodity Investing will show you how to successfully include commodities in a portfolio and provide you with the insights needed to fully understand the fundamentals of this volatile—and highly profitable—market.\u003c\/p\u003e  \u003cb\u003eThe Handbook of commodity investing\u003c\/b\u003e  \u003cp\u003eThis invaluable resource provides an overview of the basics and foundations of commodity investing, as well as recent theory and empirical evidence on the commodity markets.\u003c\/p\u003e \u003cp\u003eWritten by leading practitioners and academics, \u003ci\u003eThe Handbook of Commodity Investing\u003c\/i\u003e explains the complexities of commodity investments, their associated risks, and how investors can optimize their portfolios by including different types of commodity investments. Each chapter contains valuable information for both investors who are currently using or contemplating using commodities as part of their asset allocation and academics who are analyzing the commodity markets theoretically or empirically.\u003c\/p\u003e \u003cp\u003eStarting with the basics of commodity investments and moving on to more complex topics, such as performance measurement, asset pricing, and risk management, \u003ci\u003eThe Handbook of Commodity Investing\u003c\/i\u003e is a reliable resource for anyone who needs to understand this dynamic market. Whatever the motivation for your interest in commodities, this book will increase your understanding—hence helping you to reduce risk and enhance returns.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990246768869,"sku":"NP9780470117644","price":115.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470117644.jpg?v=1761787052","url":"https:\/\/k12savings.com\/products\/the-handbook-of-commodity-investing-isbn-9780470117644","provider":"K12savings","version":"1.0","type":"link"}