Handbook of Alternative Assets, 2nd Edition

by Mark J. Anson

• ISBN13: 9780470089224
• ISBN10: 0470089229
• Format: eBook
• Copyright: 2006-11-01
• Publisher: Wiley

Summary

Since the first edition of the Handbook of Alternative Assets was published, significant events-from the popping of the technology bubble and massive accounting scandals to recessions and bear markets-have shifted the financial landscape. These changes have provided author Mark J. P. Anson with an excellent opportunity to examine alternative assets during a different part of the economic cycle than previously observed in the first edition. Fully revised and updated to reflect today's financial realities, the Handbook of Alternative Assets, Second Edition covers the five major classes of alternative assets-hedge funds, commodity and managed futures, private equity, credit derivatives, and corporate governance-and outlines the strategies you can use to efficiently incorporate these assets into any portfolio. Throughout the book, new chapters have been added, different data sources accessed, and new conclusions reached. Designed as both an introduction to the world of alternative assets and as a reference for the active investor, the Handbook of Alternative Assets, Second Edition will help you match alternative assets with your various investment goals.

Table of Contents

Preface

About the Author

Overview of Alternative Assets

What Is an Alternative Asset Class?

Why Alternative Assets Are Important: Beta Drivers and Alpha Drivers

Hedge Funds

Introduction to Hedge Funds

Establishing a Hedge Fund Investment Program

Due Diligence for Hedge Fund Managers

Risk Management

Hedge Fund Return Distributions

Risk Management

Additional Hedge Fund Risks

Regulation of Hedge Funds

Hedge Fund Benchmarks and Asset Allocation

Hedge Fund Incentive Fees and the "Free Option

Top Ten Hedge Fund Quotes

Commodities and Managed Futures

Introduction to Commodities

Investing in Commodity Futures

Commodity Futures in a Portfolio Context

Managed Futures

Private Equity

Introduction to Venture Capital

Introduction to Leveraged Buyouts

Debt as Private Equity

Mezzanine Debt

Debt as Private Equity

Distressed Debt

The Economics of Private Equity

Performance Measurement for Private Equity

Trends in Private Equity

Credit Derivatives

Introduction to Credit Derivatives

Collateralized Debt Obligations

Collateralized Fund Obligations: Intersection of Credit Derivative Market and Hedge Fund World

Corporate Governance

Corporate Governance as an Alternative Investment Strategy

Index

Table of Contents provided by Publisher. All Rights Reserved.