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Elsevier

Books in Investment management

  • Insurance Technology

    Navigating the Innovation, Risk, and Future of Insurance
    • 1st Edition
    • Steven Haynes
    • English
    Insurance Technology: Navigating the Innovation, Risk, and Future of Insurance offers a comprehensive, applied examination of the evolving relationship between technology and the insurance industry. The book explores the transformative effects of digital tools, data analytics, artificial intelligence, blockchain, and other emerging technologies on traditional insurance models, with sections covering the entire lifecycle of insurance operations, from underwriting to claims management, fraud detection, risk evaluation, and customer engagement. Each chapter includes real-world case studies, worked examples, chapter-end questions, hands-on activities, and forward-looking insights, providing students and professionals alike with both a theoretical understanding and practical tools to apply in their own work.By adopting an interdisciplinary approach, this book combines risk management principles, technology, and business strategy across InsurTech innovation, big data in actuarial modeling, regulatory challenges, cybersecurity issues, and the increasing importance of parametric insurance and smart contracts. As the insurance sector undergoes unprecedented digital transformation, this textbook serves as a vital resource, equipping students and professionals to navigate and lead despite a shifting landscape. A companion web page includes a teaching guide and lecture slides to support course use.

  • A First Course in Model Validation and Model Risk Management

    • 1st Edition
    • Jonathan Schachter + 2 more
    • English
    A First Course in Model Validation and Model Risk Management offers robust coverage for current and future financial engineers. Useful as part of a masters program, for self-study, or as a valuable reference, the textbook explains in step-by-step, practical terms how mathematical models owned by financial institutions are essential to their public activities, including sales, trading, risk management, and internal audits. Like a diverse fleet of cars maintained by a rental car location, a bank must make sure customers can "drive" any of its models for a specific financial product. The book covers both pricing and risk models. Chapters consider modeling basics, marked-to-market and marked-to-model asset classes, market risk, credit risk, portfolio risk, operational risk, capital model risk, and financial crime, along with machine learning/AI.To support course use and practical applications, the text provides examples in Python throughout, as well as an appendix containing homework problems for all chapters, further supported by an ftp site for data and sample code. Additional appendices cover global model risk management, and a refresher in statistics.

  • Performance Evaluation and Attribution Volume One

    Asset Pricing and Models
    • 2nd Edition
    • Russ Wermers + 2 more
    • English
    This Second Edition of Performance Evaluation and Attribution Volume One: Asset Pricing and Models, presents an updated, comprehensive exploration of portfolio performance evaluation. Based on the authors’ Performance Evaluation and Attribution of Security Portfolios (2012), this volume of the second edition adds four new chapters and updated content throughout in its practical approach to measuring manager skills and using recent statistical techniques to solve investment problems. Added are new factor models, including the newly developed q-factor model, new examples, and new work on qualitative considerations that can be used in identifying skilled fund managers. This highly detailed new edition combines academic rigor with insights and guidance for real-world applications of diverse approaches to identifying skilled professional portfolio managers

  • Performance Evaluation and Attribution Volume Two

    Analysis and Reporting
    • 2nd Edition
    • Brian Singer + 2 more
    • English
    This Second Edition of Performance Evaluation and Attribution Volume Two: Analysis and Reporting explains the practical aspects of building or interpreting a top-to-bottom performance attribution system applicable to many asset classes, providing a toolkit of attribution techniques for analyzing the performance of portfolio managers. Requiring a familiarity with the principal concepts of portfolio analysis, it features standard methodologies and alternative approaches to the attribution of diverse assets, including derivatives, fixed income, and hedge funds. Based on the authors’ Performance Evaluation and Attribution of Security Portfolios (2012), this volume‘s concentration on the ethical standards embodied by GIPS includes a summary of provisions for the presentation of risk in a firm’s investments.

  • Mergers, Acquisitions, and Other Restructuring Activities

    An Integrated Approach to Process, Tools, Cases, and Solutions
    • 12th Edition
    • Donald DePamphilis
    • English
    Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions, Twelfth Edition presents the most current and comprehensive M&A on M&A environments, M&A processes, M&A valuation and modeling, deal structuring and financing strategies, and alternative business and restructuring strategies. Covering relevant academic research published since 2021 make the 12th edition a balanced, comprehensive guide to the complex and dynamically changing world of M&A. With content relevant to industries worldwide, this new edition illustrates the most germane strategies and tactics in today's marketplace.

  • Valuing and Investing in Equities

    CROCI: Cash Return on Capital Investment
    • 1st Edition
    • Francesco Curto
    • English
    Valuing and Investing in Equities: CROCI: Cash Return on Capital Investment develops a common-sense framework for value investors. By distinguishing investors from speculators, it acknowledges the variety of styles and goals in the financial markets. After explaining the intuition behind due diligence, portfolio construction, and stock picking, it shows the reader how to perform these steps and how to evaluate their results. Francesco Curto illuminates the costs and opportunities afforded by valuation strategies, inflation, and bubbles, emphasizing their effects on each other within the CROCI framework. Balancing analytics with an engaging clarity, the book neatly describes a comprehensive, time-tested approach to investing. Annual returns from this investment approach demand everyone’s attention.

  • Student-Managed Investment Funds

    Organization, Policy, and Portfolio Management
    • 2nd Edition
    • Brian Bruce
    • English
    Student-Managed Investment Funds: Organization, Policy, and Portfolio Management, Second Edition, helps students work within a structured investment management organization, whatever that organizational structure might be. It aids them in developing an appreciation for day-to-day fund operations (e.g., how to get portfolio trade ideas approved, how to execute trades, how to reconcile investment performance), and it addresses the management of the portfolio and the valuation/selection process for discriminating between securities. No other book covers the "operational" related issues in SMIFs, like organizations, tools, data, presentation, and performance evaluation. With examples of investment policy statements, presentation slides, and organizational structures from other schools, Student-Managed Investment Funds can be used globally by students, instructors, and administrators alike.

  • Valuing and Investing in Equities

    CROCI: Cash Return on Capital Investment
    • 1st Edition
    • Francesco Curto
    • English
    Valuing and Investing in Equities: CROCI: Cash Return on Capital Investment develops a common-sense framework for value investors. By distinguishing investors from speculators, it acknowledges the variety of styles and goals in the financial markets. After explaining the intuition behind due diligence, portfolio construction, and stock picking, it shows the reader how to perform these steps and how to evaluate their results. Francesco Curto illuminates the costs and opportunities afforded by valuation strategies, inflation, and bubbles, emphasizing their effects on each other within the CROCI framework. Balancing analytics with an engaging clarity, the book neatly describes a comprehensive, time-tested approach to investing. Annual returns from this investment approach demand everyone’s attention.

  • Environmental, Social, and Governance (ESG) Investing

    A Balanced Analysis of the Theory and Practice of a Sustainable Portfolio
    • 1st Edition
    • John Hill
    • English
    Environmental, Social, and Governance (ESG) Investing: A Balanced Analysis of the Theory and Practice of a Sustainable Portfolio presents a balanced, thorough analysis of ESG factors as they are incorporated into the investment process. An estimated 25% of all new investments are in ESG funds, with a global total of $23 trillion and the U.S. accounting for almost $9 trillion. Many advocate the sustainability goals promoted by ESG, while others prefer to maximize returns and spend their earnings on social causes. The core problem facing those who want to promote sustainability goals is to define sustainability investing and measure its returns. This book examines theories and their practical implications, illuminating issues that other books leave in the shadows.

  • Financing Entrepreneurship and Innovation in Emerging Markets

    • 1st Edition
    • Lourdes Casanova + 2 more
    • English
    Financing Entrepreneurship and Innovation in Emerging Markets offers an original perspective on the links between macro data on innovation, data on micro-entrepreneuria... processes and venture capital supply. The authors synthesize two disparate fields of research and thinking—innovation and entrepreneurship and economics—to illuminate how domestic companies compete and the business environment in which entrepreneurial firms operate. Its broad scope and firm linkages between processes at different levels leapfrogs research topics. For those investigating entrepreneurship and innovation in the early stages of economic development, this book demonstrates how micro and macro foundations of productivity, and hence economic growth and development, are inextricably intertwined.