The Handbook of Traditional and Alternative Investment Vehicles: Investment Characteristics and Strategies - Hardcover

by Mark J. P. Anson (Author), Frank J. Fabozzi (Author), Frank J. Jones (Author)

A comprehensive volume that covers a complete array of traditional and alternative investment vehicles

This practical guide provides a comprehensive overview of traditional and alternative investment vehicles for professional and individual investors hoping to gain a deeper understanding of the benefits and pitfalls of using these products.

In it, expert authors Mark Anson, Frank Fabozzi, and Frank Jones clearly present the major principles and methods of investing and their risks and rewards. Along the way, they focus on providing you with the information needed to successfully invest using a host of different methods depending upon your needs and goals.

• Topics include equities, all types of fixed income securities, investment-oriented insurance products, mutual funds, closed-end funds, investment companies, exchange-traded funds, futures, options, hedge funds, private equity, and real estate
• Written by the expert author team of Mark Anson, Frank Fabozzi, and Frank Jones
• Includes valuable insights for everyone from finance professionals to individual investors

Many finance books offer collections of expertise on one or two areas of finance, but The Handbook of Traditional and Alternative Investment Vehicles brings all of these topics together in one comprehensive volume.

Front Jacket

As the financial industry continues to grow in both size and sophistication, so do the instruments found within it. In order to achieve success in today's markets--whether you're a seasoned professional or an individual investor--you need a firm understanding of the various investment vehicles that can protect a portfolio as well as increase its overall performance.

The expert author team of Mark Anson, Frank Fabozzi, and Frank Jones has extensive experience in the field of finance, and now, with The Handbook of Traditional and Alternative Investment Vehicles, they provide a soup-to-nuts description of the numerous financial instruments that exist in the marketplace.

Mixing theory with real-world examples, this reliable resource opens with a detailed look at traditional assets, such as common stock and basic bonds as well as municipal bonds, agency passthrough securities, collateralized mortgage obligations (CMOs), and more specialized structured products in the credit industry. It also covers the fastest growing part of the asset management industry: exchange-traded funds (ETFs).

After a thorough discussion of traditional assets, including real estate and real estate investment trusts (REITs), The Handbook of Traditional and Alternative Investment Vehicles then ventures into the world of alternative assets, offering both a descriptive overview of the many types and styles of hedge funds as well as how to invest in them. The authors also cover the world of private equity--dedicating a chapter to each of the four parts of this world: leveraged buyouts, venture capital, mezzanine debt, and distressed debt--and also take the time to address commodities, which in recent decades, have developed as an important asset class.

The Handbook of Traditional and Alternative Investment Vehicles goes beyond the spectrum of most finance books by offering professionals in-depth knowledge, strategies, and techniques on a broad range of assets necessary to excel in today's dynamic market.

Back Jacket

THE HANDBOOK of TRADITIONAL and ALTERNATIVE Investment Vehicles

Whether you're a seasoned professional or an individual investor, you need to be familiar with the various financial instruments found in today's marketplace if you intend on achieving investment success. Nobody understands this better than the expert author team of Mark Anson, Frank Fabozzi, and Frank Jones. And now, with The Handbook of Traditional and Alternative Investment Vehicles they share their extensive experience in the field of finance with you.

Engaging and informative, this practical guide provides a detailed look at a wide array of products that can enhance your investment endeavors. Touching on both traditional and alternative assets, it covers everything from common stock to commodities, and offers strategies that will allow you to use them to enhance your portfolio's performance. Instruments you'll be introduced to include:

• Stocks(Traditional); Hedge Funds (Alternative)
• Bonds and Structured Credit Products (Traditional); Venture Capital and Private Equity (Alternative)
• Real Estate (Traditional); Commodities (Alternative)

Succeeding in today's volatile market requires careful investment in many different asset classes through multiple investment vehicles. Written in a straightforward and accessible style, The Handbook of Traditional and Alternative Investment Vehicles presents the major principles and methods of investing in established, as well as new, asset classes and discusses the risks and rewards that accompany them.

Author Biography

MARK J. ANSON, PhD, CFA, CAIA, CPA, JD, is the President and Executive Director of Investment Services at Nuveen Investments. Previously, he was the chief executive officer of Hermes Pensions Management Ltd., as well as the chief executive officer of the British Telecom Pension Scheme--the largest pension fund in the UK. Before joining Hermes, Anson was the chief investment officer of the $245 billion California Public Employees' Retirement System (CalPERS)--the largest pension fund in the United States. Anson is the author or coauthor of various financial books, including the Handbook of Alternative Assets (Wiley).

Frank J. Fabozzi, PhD, CFA, CPA, is Professor in the Practice of Finance and Becton Fellow at the Yale School of Management, Editor of the Journal of Portfolio Management, and an Associate Editor of the Journal of Fixed Income. He is on the Advisory Council for the Department of Operations Research and Financial Engineering at Princeton University.

FRANK J. JONES, PhD, is a Professor of Accounting and Finance at San Jose State University. He is also Chairman of the Investment Committee of Private Ocean Wealth Management. Formerly, he was chief investment officer of Guardian Life Insurance Company and vice chairman of the board of the International Securities Exchange.