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21-30 of 59 results in All results

Collectible Investments for the High Net Worth Investor

  • 1st Edition
  • July 7, 2009
  • Stephen Satchell
  • English
  • eBook
    9 7 8 - 0 - 0 8 - 0 9 2 3 0 5 - 5
Many high net worth individuals are interested in diversifying their portfolios and investing in collectibles. A collectible is any physical asset that appreciates in value over time because it is rare or desired by many. Stamps, coins, fine art, antiques, books, and wine are examples of collectibles. Where does the financial advisor or investment manager for these high net worth individuals go to learn about these investments? There is no comprehensive resource from the financial standpoint--until now. Dr Stephen Satchell of Trinity College, Cambridge, has developed a book in which experts in various types of collectibles analyze the financial aspects of investing in these collectibles. Chapters address issues such as: liquidity challenges, tax ramifications, appreciation timelines, the challenge of forecasting and measuring appreciation, and the psychological component of collecting and the role of emotion in collectible investing.

Rating Based Modeling of Credit Risk

  • 1st Edition
  • December 8, 2008
  • Stefan Trueck + 1 more
  • English
  • Hardback
    9 7 8 - 0 - 1 2 - 3 7 3 6 8 3 - 3
  • eBook
    9 7 8 - 0 - 0 8 - 0 9 2 0 3 0 - 6
In the last decade rating-based models have become very popular in credit risk management. These systems use the rating of a company as the decisive variable to evaluate the default risk of a bond or loan. The popularity is due to the straightforwardness of the approach, and to the upcoming new capital accord (Basel II), which allows banks to base their capital requirements on internal as well as external rating systems. Because of this, sophisticated credit risk models are being developed or demanded by banks to assess the risk of their credit portfolio better by recognizing the different underlying sources of risk. As a consequence, not only default probabilities for certain rating categories but also the probabilities of moving from one rating state to another are important issues in such models for risk management and pricing. It is widely accepted that rating migrations and default probabilities show significant variations through time due to macroeconomics conditions or the business cycle. These changes in migration behavior may have a substantial impact on the value-at-risk (VAR) of a credit portfolio or the prices of credit derivatives such as collateralized debt obligations (D+CDOs). In Rating Based Modeling of Credit Risk the authors develop a much more sophisticated analysis of migration behavior. Their contribution of more sophisticated techniques to measure and forecast changes in migration behavior as well as determining adequate estimators for transition matrices is a major contribution to rating based credit modeling.

A Behavioral Approach to Asset Pricing

  • 2nd Edition
  • May 19, 2008
  • Hersh Shefrin
  • English
  • Hardback
    9 7 8 - 0 - 1 2 - 3 7 4 3 5 6 - 5
  • eBook
    9 7 8 - 0 - 0 8 - 0 4 8 2 2 4 - 8
Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of understanding investor behavior and stock market activity. Incorporating the latest research and theory, Shefrin offers both a strong theory and efficient empirical tools that address derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio. The book provides a series of examples to illustrate the theory.

Managing Financial Information in the Trade Lifecycle

  • 1st Edition
  • May 2, 2008
  • Martijn Groot
  • English
  • Hardback
    9 7 8 - 0 - 1 2 - 3 7 4 2 8 9 - 6
  • eBook
    9 7 8 - 0 - 0 8 - 0 5 5 9 9 3 - 3
Information is the oxygen supply of the financial markets. Financial information, or data, is so important that companies such as Barclays and Citigroup now have executive positions of Chief Data Officer or Head of Data Acquisition. This book, by a long-time industry insider at one of the leading data management vendors, discusses the present and future of financial data management by focusing on the lifecycle of the financial instruments (stocks, bonds, options, derivatives) that generate and require data to keep the markets moving. This book is a concise reference manual of the financial information supply chain and how to maximize effectiveness and minimize cost.

The Banker's Handbook on Credit Risk

  • 1st Edition
  • April 23, 2008
  • Morton Glantz + 1 more
  • English
  • eBook
    9 7 8 - 0 - 0 8 - 0 5 7 0 0 5 - 1
The Banker's Handbook on Credit Risk shows you how to comply with Basel II regulations on credit risk step by step, building on the basics in credit risk up to advanced credit risk methodologies. This advanced credit/risk management book takes a "new tools" approach to Basel II implementation. The hands-on applications covered in this book are vast, including areas of Basel II banking risk requirements (credit risk, credit spreads, default risk, value at risk, market risk, and so forth) and financial analysis (exotic options and valuation), to risk analysis (stochastic forecasting, risk-based Monte Carlo simulation, portfolio optimization) and real options analysis (strategic options and decision analysis). This book is targeted at banking practitioners and financial analysts who require the algorithms, examples, models, and insights in solving more advanced and even esoteric problems. The book comes complete with a DVD filled with sample modeling videos, case studies, and software applications to help the reader get started immediately. The various trial software applications included allows the reader to quickly access the approximately 670 modeling functions, 250 analytical model templates, and powerful risk-based simulation software to help in the understanding and learning of the concepts covered in the book, and also to use the embedded functions and algorithms in their own models. In addition, the reader can get started quickly in running risk-based Monte Carlo simulations, run advanced forecasting methods, and perform optimization on a myriad of situations, as well as structure and solve customized real options and financial options problems.

Quality Money Management

  • 1st Edition
  • February 29, 2008
  • Andrew Kumiega + 1 more
  • English
  • Hardback
    9 7 8 - 0 - 1 2 - 3 7 2 5 4 9 - 3
  • eBook
    9 7 8 - 0 - 0 8 - 0 5 5 9 9 1 - 9
The financial markets industry is at the same crossroads as the automotive industry in the late 1970s. Margins are collapsing and customization is rapidly increasing. The automotive industry turned to quality and its no coincidence that in the money management industry many of the spectacular failures have been due largely to problems in quality control. The financial industry in on the verge of a quality revolution. New and old firms alike are creating new investment vehicles and new strategies that are radically changing the nature of the industry. To compete, mutual funds, hedge fund industries, banks and proprietary trading firms are being forced to quicklyy research, test and implement trade selection and execution systems. And, just as in the early stages of factory automation, quality suffers and leads to defects. Many financial firms fall short of quality, lacking processes and methodologies for proper development and evaluation of trading and investment systems. Authors Kumiega and Van Vliet present a new step-by-step methodology for such development. Their methodology (called K

Non-Executive Director's Handbook

  • 2nd Edition
  • February 28, 2008
  • Patrick Dunne + 1 more
  • English
  • Hardback
    9 7 8 - 0 - 7 5 0 6 - 8 4 1 9 - 4
  • eBook
    9 7 8 - 1 - 8 5 6 1 7 - 9 7 7 - 5
The Non-executive Directors Handbook is an indispensable guide that deals with the changing role and responsibilities of the Non-Executive Director in companies today. It recognises the increasing importance of the position, the growing pressures on Non-Executive Directors and the need for full compliance with the latest legislation and regulation in order to avoid heavy fines and penalties. This book provides practical information and guidance on all aspects of the role. Written specially for and about non-executive directors the book incorporates useful checklists and summaries. Updated material includes: corporate strategy; risk management; ethics (Global Reporting Initiatives (GRI)); governance (covers current version of the Combined Code); how to improve a company's efficiency and effectiveness; International Standards on Auditing (ISAs); and updates for recent developments of the impact of Sarbanes-Oxley Act.

Project Finance in Theory and Practice

  • 1st Edition
  • November 7, 2007
  • Stefano Gatti
  • English
  • eBook
    9 7 8 - 0 - 0 8 - 0 5 5 3 3 4 - 4
Project finance is a fast-growing area of capital investment for major infrastructure and other large projects. Financing such projects as EuroDisney, airports, highways, tunnels, schools, hospitals, and other large projects presents a complex and interesting challenge that the specialty of project finance takes on wholeheartedly, combining financial engineering with legal and contractual expertise to develop various financing options. In this book, Stefano Gatti of Bocconi University describes the theory that underpins this cutting-edge industry, and then provides illustrations and examples from actual practice to illustrate that theory. At key points in the book, Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals.

Handbook of the Equity Risk Premium

  • 1st Edition
  • October 26, 2007
  • Rajnish Mehra + 7 more
  • English
  • Hardback
    9 7 8 - 0 - 4 4 4 - 5 0 8 9 9 - 7
  • eBook
    9 7 8 - 0 - 0 8 - 0 5 5 5 8 5 - 0
Edited by Rajnish Mehra, this volume focuses on the equity risk premium puzzle, a term coined by Mehra and Prescott in 1985 which encompasses a number of empirical regularities in the prices of capital assets that are at odds with the predictions of standard economic theory.

Forecasting Expected Returns in the Financial Markets

  • 1st Edition
  • July 16, 2007
  • Stephen Satchell
  • English
  • eBook
    9 7 8 - 0 - 0 8 - 0 5 5 0 6 7 - 1
Forecasting returns is as important as forecasting volatility in multiple areas of finance. This topic, essential to practitioners, is also studied by academics. In this new book, Dr Stephen Satchell brings together a collection of leading thinkers and practitioners from around the world who address this complex problem using the latest quantitative techniques.