{"product_id":"alternative-investments-9781119604143","title":"Alternative Investments","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xxxiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxxvii\u003c\/p\u003e \u003cp\u003eAbout the Authors xli\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1 Introduction to Alternative Investments\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 What is an Alternative Investment? 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Alternative Investments by Exclusion 3\u003c\/p\u003e \u003cp\u003e1.2 Alternative Investments by Inclusion 4\u003c\/p\u003e \u003cp\u003e1.3 The Blurred Lines between Traditional and Alternative Investments 8\u003c\/p\u003e \u003cp\u003e1.4 A History of Alternative Investing: The U.S. Case 10\u003c\/p\u003e \u003cp\u003e1.5 Investments are Distinguished by Return Characteristics 11\u003c\/p\u003e \u003cp\u003e1.6 Investments are Distinguished by Methods of Analysis 14\u003c\/p\u003e \u003cp\u003e1.7 Eight Other Characteristics that Distinguish Alternative and Traditional Investments 16\u003c\/p\u003e \u003cp\u003e1.8 Five Goals of Alternative Investing 18\u003c\/p\u003e \u003cp\u003e1.9 Two Pillars of Alternative Investment Management 20\u003c\/p\u003e \u003cp\u003e1.10 Overview of This Book 22\u003c\/p\u003e \u003cp\u003eReview Questions 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Environment of Alternative Investments 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 The Participants 25\u003c\/p\u003e \u003cp\u003e2.2 Alternative Investment Structures 33\u003c\/p\u003e \u003cp\u003e2.3 Key Features of Fund Structures 36\u003c\/p\u003e \u003cp\u003e2.4 Financial Markets 40\u003c\/p\u003e \u003cp\u003e2.5 Regulatory Environment 42\u003c\/p\u003e \u003cp\u003e2.6 Liquid Alternative Investments 43\u003c\/p\u003e \u003cp\u003e2.7 Taxation 47\u003c\/p\u003e \u003cp\u003e2.8 Short Selling 49\u003c\/p\u003e \u003cp\u003eReview Questions 52\u003c\/p\u003e \u003cp\u003eNotes 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Quantitative Foundations 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Return and Rate Mathematics 55\u003c\/p\u003e \u003cp\u003e3.2 Returns Based on Notional Principal 57\u003c\/p\u003e \u003cp\u003e3.3 Internal Rate of Return 60\u003c\/p\u003e \u003cp\u003e3.4 Problems with Internal Rate of Return 64\u003c\/p\u003e \u003cp\u003e3.5 Other Performance Measures 73\u003c\/p\u003e \u003cp\u003e3.6 Illiquidity, Accounting Conservatism, IRR, and the J-Curve 75\u003c\/p\u003e \u003cp\u003e3.7 Distribution of Cash Waterfall 77\u003c\/p\u003e \u003cp\u003eReview Questions 85\u003c\/p\u003e \u003cp\u003eNote 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Statistical Foundations 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Return Distributions 87\u003c\/p\u003e \u003cp\u003e4.2 Moments of the Distribution: Mean, Variance, Skewness, and Kurtosis 90\u003c\/p\u003e \u003cp\u003e4.3 Covariance, Correlation, Beta, and Autocorrelation 94\u003c\/p\u003e \u003cp\u003e4.4 Interpreting Standard Deviation and Variance 104\u003c\/p\u003e \u003cp\u003e4.5 Testing for Normality 111\u003c\/p\u003e \u003cp\u003e4.6 Time-Series Return Volatility Models 114\u003c\/p\u003e \u003cp\u003eReview Questions 116\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Foundations of Financial Economics 117\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Informational Market Efficiency 117\u003c\/p\u003e \u003cp\u003e5.2 The Time Value of Money, Prices, and Rates 122\u003c\/p\u003e \u003cp\u003e5.3 The Three Primary Theories of the Term Structure of Interest Rates 127\u003c\/p\u003e \u003cp\u003e5.4 Forward Interest Rates 129\u003c\/p\u003e \u003cp\u003e5.5 Arbitrage-Free Models 131\u003c\/p\u003e \u003cp\u003e5.6 Binomial Tree Models 134\u003c\/p\u003e \u003cp\u003e5.7 Single-Factor Default–Free Bond Models 137\u003c\/p\u003e \u003cp\u003e5.8 Single-Factor Equity Pricing Models 143\u003c\/p\u003e \u003cp\u003eReview Questions 148\u003c\/p\u003e \u003cp\u003eNote 149\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Derivatives and Risk-Neutral Valuation 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Foundations of Forward Contracts 151\u003c\/p\u003e \u003cp\u003e6.2 Forward Contracts on Rates 155\u003c\/p\u003e \u003cp\u003e6.3 Forward Contracts on Equities 157\u003c\/p\u003e \u003cp\u003e6.4 Forward Contracts on Assets with Benefits and Costs of Carry 165\u003c\/p\u003e \u003cp\u003e6.5 Forward Contracts Versus Futures Contracts 171\u003c\/p\u003e \u003cp\u003e6.6 Managing Long-Term Futures Exposures 178\u003c\/p\u003e \u003cp\u003e6.7 Option Exposures 180\u003c\/p\u003e \u003cp\u003e6.8 Option Pricing Models 186\u003c\/p\u003e \u003cp\u003e6.9 Option Sensitivities 188\u003c\/p\u003e \u003cp\u003eReview Questions 190\u003c\/p\u003e \u003cp\u003eNotes 191\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Measures of Risk and Performance 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Measures of Risk 193\u003c\/p\u003e \u003cp\u003e7.2 Estimating Value at Risk (VaR) 198\u003c\/p\u003e \u003cp\u003e7.3 Benchmarking and Performance Attribution 203\u003c\/p\u003e \u003cp\u003e7.4 Ratio-Based Performance Measures 204\u003c\/p\u003e \u003cp\u003e7.5 Risk-Adjusted Return Measures 210\u003c\/p\u003e \u003cp\u003eReview Questions 214\u003c\/p\u003e \u003cp\u003eNotes 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Alpha, Beta, and Hypothesis Testing 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Overview of Beta and Alpha 215\u003c\/p\u003e \u003cp\u003e8.2 Ex Ante Versus Ex Post Alpha 217\u003c\/p\u003e \u003cp\u003e8.3 Single-Factor Models and Regression 220\u003c\/p\u003e \u003cp\u003e8.4 Inferring Ex Ante Alpha From Ex Post Alpha 225\u003c\/p\u003e \u003cp\u003e8.5 Return Attribution, Alpha, and Beta 226\u003c\/p\u003e \u003cp\u003e8.6 Ex Ante Alpha Estimation and Return Persistence 230\u003c\/p\u003e \u003cp\u003e8.7 Return Drivers 231\u003c\/p\u003e \u003cp\u003e8.8 Using Statistical Methods to Locate Alpha 234\u003c\/p\u003e \u003cp\u003e8.9 Sampling and Testing Problems 239\u003c\/p\u003e \u003cp\u003e8.10 Statistical Issues in Analyzing Alpha and Beta 242\u003c\/p\u003e \u003cp\u003eReview Questions 246\u003c\/p\u003e \u003cp\u003eNotes 247\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2 Real Assets\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Natural Resources and Land 251\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Natural Resources Other Than Land 251\u003c\/p\u003e \u003cp\u003e9.2 Land 256\u003c\/p\u003e \u003cp\u003e9.3 Timber and Timberland 261\u003c\/p\u003e \u003cp\u003e9.4 Farmland 263\u003c\/p\u003e \u003cp\u003e9.5 Valuation and Volatility of Real Assets 268\u003c\/p\u003e \u003cp\u003e9.6 Pricing and Historic Data Analysis 272\u003c\/p\u003e \u003cp\u003e9.7 Contagion, Price Indices, and Biases 275\u003c\/p\u003e \u003cp\u003e9.8 Key Observations Regarding Historical Returns of Timberland 278\u003c\/p\u003e \u003cp\u003e9.9 Key Observations Regarding Historical Returns of Farmland 278\u003c\/p\u003e \u003cp\u003eReview Questions 279\u003c\/p\u003e \u003cp\u003eNotes 279\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Commodities 281\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Investing in Commodities Without Futures 281\u003c\/p\u003e \u003cp\u003e10.2 The Term Structure of Forward Prices on Commodities 288\u003c\/p\u003e \u003cp\u003e10.3 Rolling of Forward and Futures Contracts 296\u003c\/p\u003e \u003cp\u003e10.4 Normal Backwardation and Normal Contango 302\u003c\/p\u003e \u003cp\u003e10.5 Commodity Exposure and Diversification 307\u003c\/p\u003e \u003cp\u003e10.6 Expected Returns on Commodities 310\u003c\/p\u003e \u003cp\u003e10.7 Commodity Futures Indices 312\u003c\/p\u003e \u003cp\u003e10.8 Commodity Risk Attributes 314\u003c\/p\u003e \u003cp\u003e10.9 Observations Based on Historical Returns 318\u003c\/p\u003e \u003cp\u003eReview Questions 318\u003c\/p\u003e \u003cp\u003eNotes 318\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Other Real Assets 319\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Commodity Producers 319\u003c\/p\u003e \u003cp\u003e11.2 Liquid Alternative Real Assets 322\u003c\/p\u003e \u003cp\u003e11.3 Infrastructure 325\u003c\/p\u003e \u003cp\u003e11.4 Intellectual Property Overview 336\u003c\/p\u003e \u003cp\u003e11.5 Cash Flows of Intellectual Property 341\u003c\/p\u003e \u003cp\u003e11.6 Visual Works of Art and Historical Performance Data 344\u003c\/p\u003e \u003cp\u003e11.7 R\u0026amp;D and Patents as Unbundled Intellectual Property 346\u003c\/p\u003e \u003cp\u003e11.8 Intellectual Property Conclusions 349\u003c\/p\u003e \u003cp\u003eReview Questions 350\u003c\/p\u003e \u003cp\u003eNotes 350\u003c\/p\u003e \u003cp\u003eReferences 350\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Real Estate Assets and Debt 353\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Categories of Real Estate 353\u003c\/p\u003e \u003cp\u003e12.2 Advantages, Disadvantages, and Styles of Real Estate Investments 355\u003c\/p\u003e \u003cp\u003e12.3 Real Estate Style Boxes 361\u003c\/p\u003e \u003cp\u003e12.4 Residential Mortgages 363\u003c\/p\u003e \u003cp\u003e12.5 Commercial Mortgages 372\u003c\/p\u003e \u003cp\u003e12.6 Mortgage-Backed Securities Market 375\u003c\/p\u003e \u003cp\u003e12.7 Liquid Alternatives: Real Estate Investment Trusts 380\u003c\/p\u003e \u003cp\u003e12.8 Key Observations Regarding Historical Returns of Mortgage REITs 382\u003c\/p\u003e \u003cp\u003eReview Questions 384\u003c\/p\u003e \u003cp\u003eNotes 384\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Real Estate Equity 385\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Real Estate Development 385\u003c\/p\u003e \u003cp\u003e13.2 Commercial Real Estate Valuation 389\u003c\/p\u003e \u003cp\u003e13.3 Details of the Income Approach to Real Estate Valuation 397\u003c\/p\u003e \u003cp\u003e13.4 Illustration of the Income Method of Real Estate Valuation 402\u003c\/p\u003e \u003cp\u003e13.5 Alternative Real Estate Investment Vehicles 403\u003c\/p\u003e \u003cp\u003e13.6 Equity REIT Returns 409\u003c\/p\u003e \u003cp\u003e13.7 Key Observations Regarding Historical Risks and Returns of Equity REITs 410\u003c\/p\u003e \u003cp\u003eReview Questions 412\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3 Hedge Funds\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Structure of the Hedge Fund Industry 415\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Distinguishing Hedge Funds 415\u003c\/p\u003e \u003cp\u003e14.2 Hedge Fund Fees 419\u003c\/p\u003e \u003cp\u003e14.3 Hedge Fund Classification 431\u003c\/p\u003e \u003cp\u003e14.4 Hedge Fund Returns and Asset Allocation 433\u003c\/p\u003e \u003cp\u003e14.5 Evaluating a Hedge Fund Investment Program 438\u003c\/p\u003e \u003cp\u003e14.6 Three Research Studies on Whether Hedge Funds Adversely Affect the Financial Markets 441\u003c\/p\u003e \u003cp\u003e14.7 Hedge Fund Indices 442\u003c\/p\u003e \u003cp\u003e14.8 Conclusion 451\u003c\/p\u003e \u003cp\u003eReview Questions 451\u003c\/p\u003e \u003cp\u003eNotes 451\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Macro and Managed Futures Funds 453\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Macro and Managed Futures Strategies 453\u003c\/p\u003e \u003cp\u003e15.2 Global Macro 455\u003c\/p\u003e \u003cp\u003e15.3 Managed Futures 459\u003c\/p\u003e \u003cp\u003e15.4 Systematic Trading 464\u003c\/p\u003e \u003cp\u003e15.5 Four Core Dimensions of Managed Futures Investment Strategies 476\u003c\/p\u003e \u003cp\u003e15.6 Systematic Futures Portfolio Construction 479\u003c\/p\u003e \u003cp\u003e15.7 Eight Core Benefits of Managed Futures for Investors 483\u003c\/p\u003e \u003cp\u003e15.8 Evidence on Managed Futures Returns 485\u003c\/p\u003e \u003cp\u003e15.9 Benefits of Managed Futures Funds 493\u003c\/p\u003e \u003cp\u003e15.10 Key Observations Regarding Historical Returns of Macro and Systematic Diversified Funds 499\u003c\/p\u003e \u003cp\u003eReview Questions 499\u003c\/p\u003e \u003cp\u003eNotes 499\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Event-Driven Hedge Funds 501\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 The Sources of Most Event Strategy Returns 501\u003c\/p\u003e \u003cp\u003e16.2 Activist Investing 505\u003c\/p\u003e \u003cp\u003e16.3 Merger Arbitrage 517\u003c\/p\u003e \u003cp\u003e16.4 Distressed Securities Funds 524\u003c\/p\u003e \u003cp\u003e16.5 Event-Driven Multistrategy Funds 532\u003c\/p\u003e \u003cp\u003eReview Questions 534\u003c\/p\u003e \u003cp\u003eNotes 534\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Relative Value Hedge Funds 535\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Overview of Relative Value Strategies 535\u003c\/p\u003e \u003cp\u003e17.2 Convertible Bond Arbitrage 536\u003c\/p\u003e \u003cp\u003e17.3 Volatility Arbitrage 551\u003c\/p\u003e \u003cp\u003e17.4 Fixed-Income Arbitrage 565\u003c\/p\u003e \u003cp\u003e17.5 Relative Value Multistrategy Funds 575\u003c\/p\u003e \u003cp\u003eReview Questions 578\u003c\/p\u003e \u003cp\u003eNotes 578\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Equity Hedge Funds 579\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Commonalities of Equity Hedge Funds 579\u003c\/p\u003e \u003cp\u003e18.2 Sources of Return 580\u003c\/p\u003e \u003cp\u003e18.3 Market Anomalies 584\u003c\/p\u003e \u003cp\u003e18.4 Implementing Anomaly Strategies 590\u003c\/p\u003e \u003cp\u003e18.5 The Three Equity Strategies 594\u003c\/p\u003e \u003cp\u003e18.6 Equity Hedge Fund Risks 605\u003c\/p\u003e \u003cp\u003eReview Questions 605\u003c\/p\u003e \u003cp\u003eNotes 606\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Funds of Hedge Funds 607\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Overview of Funds of Hedge Funds 607\u003c\/p\u003e \u003cp\u003e19.2 Investing in Multistrategy Funds 616\u003c\/p\u003e \u003cp\u003e19.3 Investing in Funds of Hedge Funds 619\u003c\/p\u003e \u003cp\u003e19.4 Investing in Portfolios of Single Hedge Funds 622\u003c\/p\u003e \u003cp\u003e19.5 Multialternatives and Other Hedge Fund Liquid Alternatives 624\u003c\/p\u003e \u003cp\u003e19.6 Key Observations Regarding Historical Returns of Funds of Funds 628\u003c\/p\u003e \u003cp\u003eReview Questions 631\u003c\/p\u003e \u003cp\u003eNotes 631\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4 Private Securities\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Private Equity Assets 635\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 Introduction to Private Equity Terms and Background 635\u003c\/p\u003e \u003cp\u003e20.2 Overview of Three Forms of Pre-IPO Private Equity Investing 637\u003c\/p\u003e \u003cp\u003e20.3 Venture Capital 639\u003c\/p\u003e \u003cp\u003e20.4 Venture Capital as a Compound Option 647\u003c\/p\u003e \u003cp\u003e20.5 Growth Equity 648\u003c\/p\u003e \u003cp\u003e20.6 Buyouts and Leveraged Buyouts 651\u003c\/p\u003e \u003cp\u003e20.7 Buyouts of Private Companies 653\u003c\/p\u003e \u003cp\u003e20.8 Leveraged Buyouts (LBOs) 655\u003c\/p\u003e \u003cp\u003e20.9 Merchant Banking 663\u003c\/p\u003e \u003cp\u003e20.10 Dynamics of Private Equity Opportunities 663\u003c\/p\u003e \u003cp\u003eReview Questions 665\u003c\/p\u003e \u003cp\u003eNotes 666\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Private Equity Funds 667\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21.1 Overview of Private Equity Funds 667\u003c\/p\u003e \u003cp\u003e21.2 Private Equity Funds as Intermediaries 671\u003c\/p\u003e \u003cp\u003e21.3 The LP and GP Relationship Life Cycle 677\u003c\/p\u003e \u003cp\u003e21.4 Private Equity Fund Fees and Terms 680\u003c\/p\u003e \u003cp\u003e21.5 Key Determinants of Venture Capital Fund Risks and Returns 687\u003c\/p\u003e \u003cp\u003e21.6 Roles and Three Key Distinctions of Venture Capital and Buyout Managers 689\u003c\/p\u003e \u003cp\u003e21.7 Leveraged Buyout Funds 689\u003c\/p\u003e \u003cp\u003e21.8 Private Equity Liquid Alternatives 693\u003c\/p\u003e \u003cp\u003e21.9 Private Equity Funds of Funds 698\u003c\/p\u003e \u003cp\u003e21.10 Private Investments in Public Equity 699\u003c\/p\u003e \u003cp\u003e21.11 Private Equity Secondary Markets and Structures 703\u003c\/p\u003e \u003cp\u003eReview Questions 706\u003c\/p\u003e \u003cp\u003eNotes 707\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22 Private Credit and Distressed Debt 709\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e22.1 Types of Fund Private Credit Vehicles 709\u003c\/p\u003e \u003cp\u003e22.2 Fixed-Income Analysis 711\u003c\/p\u003e \u003cp\u003e22.3 Credit Risk Analysis and the Bankruptcy Process 715\u003c\/p\u003e \u003cp\u003e22.4 Leveraged Loans 725\u003c\/p\u003e \u003cp\u003e22.5 Direct Lending 727\u003c\/p\u003e \u003cp\u003e22.6 Mezzanine Debt 728\u003c\/p\u003e \u003cp\u003e22.7 Distressed Debt 737\u003c\/p\u003e \u003cp\u003e22.8 Private Credit Performance and Diversification 743\u003c\/p\u003e \u003cp\u003eReview Questions 744\u003c\/p\u003e \u003cp\u003eNote 744\u003c\/p\u003e \u003cp\u003eReferences 745\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 5 Structured Products\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23 Introduction to Structuring 749\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e23.1 Overview of Financial Structuring 749\u003c\/p\u003e \u003cp\u003e23.2 Major Types of Structuring 750\u003c\/p\u003e \u003cp\u003e23.3 The Primary Economic Role of Structuring 751\u003c\/p\u003e \u003cp\u003e23.4 Collateralized Mortgage Obligations 753\u003c\/p\u003e \u003cp\u003e23.5 Structural Model Approach to Credit Risk 761\u003c\/p\u003e \u003cp\u003e23.6 Interest Rate Options 766\u003c\/p\u003e \u003cp\u003e23.7 Introduction to Collateralized Debt Obligations 768\u003c\/p\u003e \u003cp\u003eReview Questions 773\u003c\/p\u003e \u003cp\u003eNote 773\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24 Credit Risk and Credit Derivatives 775\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e24.1 An Overview of Credit Risk 775\u003c\/p\u003e \u003cp\u003e24.2 Reduced-Form Modeling of Credit Risk 776\u003c\/p\u003e \u003cp\u003e24.3 Credit Derivatives Markets 783\u003c\/p\u003e \u003cp\u003e24.4 Interest Rate Swaps 786\u003c\/p\u003e \u003cp\u003e24.5 Credit Default Swaps 793\u003c\/p\u003e \u003cp\u003e24.6 Other Credit Derivatives 801\u003c\/p\u003e \u003cp\u003e24.7 CDS Index Products 804\u003c\/p\u003e \u003cp\u003e24.8 Five Key Risks of Credit Derivatives 805\u003c\/p\u003e \u003cp\u003eReview Questions 807\u003c\/p\u003e \u003cp\u003eNotes 807\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25 CDO Structuring of Credit Risk 809\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e25.1 Overview of CDO Variations 809\u003c\/p\u003e \u003cp\u003e25.2 Balance Sheet CDOs and Arbitrage CDOs 812\u003c\/p\u003e \u003cp\u003e25.3 Mechanics of and Motivations for An Arbitrage CDO 814\u003c\/p\u003e \u003cp\u003e25.4 Cash-Funded CDOs Versus Synthetic CDOs 816\u003c\/p\u003e \u003cp\u003e25.5 Cash Flow CDOs Versus Market Value CDOs 820\u003c\/p\u003e \u003cp\u003e25.6 Credit Enhancements 821\u003c\/p\u003e \u003cp\u003e25.7 Other Types of CDOs 823\u003c\/p\u003e \u003cp\u003e25.8 Risks of CDOs 824\u003c\/p\u003e \u003cp\u003eReview Questions 829\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26 Equity-Linked Structured Products 831\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e26.1 Structured Products and Six Types of Wrappers 831\u003c\/p\u003e \u003cp\u003e26.2 Four Potential Tax Effects of Wrappers 832\u003c\/p\u003e \u003cp\u003e26.3 Structured Products with Exotic Option Features 835\u003c\/p\u003e \u003cp\u003e26.4 Popular Structured Product Types 843\u003c\/p\u003e \u003cp\u003e26.5 The EUSIPA Classification 844\u003c\/p\u003e \u003cp\u003e26.6 Global Structured Product Cases 848\u003c\/p\u003e \u003cp\u003e26.7 Structured Product Valuation 850\u003c\/p\u003e \u003cp\u003e26.8 Motivations of Structured Products 854\u003c\/p\u003e \u003cp\u003eReview Questions 855\u003c\/p\u003e \u003cp\u003eNotes 856\u003c\/p\u003e \u003cp\u003eIndex 857\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866405122391,"sku":"9781119604143","price":71.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119604143.jpg?v=1722278489","url":"https:\/\/bookcurl.com\/products\/alternative-investments-9781119604143","provider":"Book Curl","version":"1.0","type":"link"}