by Alexander M. Ineichen
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Price: $47.25

Book Description
A practical guide to strategies of hedge fund investing.
Hedge fund expert Alexander Ineichen outlines strategies that hedge fund managers use to achieve superior investment performance, particularly in bear markets, when traditional investment strategies do not perform so well, and shows readers how hedge funds might be added to traditional investment portfolios to achieve superior returns. Nontechnical yet sophisticated, Absolute Returns shows investors how to make educated decisions about hedge fund investment--thoroughly explaining the risks as well as the rewards.

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by John Mauldin
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Price: $16.47

Book Description
The era of buying and holding stocks is gone -- and will not return for some time. Now is the time to learn to target where the market is going to be, not where it has been, so you can invest successfully. Financial expert John Mauldin makes a powerful, almost irrefutable case regarding the future direction of the markets. He then details a new approach to investing that will allow you to adjust to the new reality of investing. You'll consider options beyond traditional stock portfolios as you learn to choose between the stable and secure investments that will enable you to profit in turbulent markets. Buy your copy of this must-read investment roadmap today.

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by Nick P. Calamos
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Price: $40.95

Book Description
Minimize risk and maximize profits with convertible arbitrage Convertible arbitrage involves purchasing a portfolio of convertible securities-generally convertible bonds-and hedging a portion of the equity risk by selling short the underlying common stock. This increasingly popular strategy, which is especially useful during times of market volatility, allows individuals to increase their returns while decreasing their risks. Convertible Arbitrage offers a thorough explanation of this unique investment strategy. Filled with in-depth insights from an expert in the field, this comprehensive guide explores a wide range of convertible topics. Readers will be introduced to a variety of models for convertible analysis, "the Greeks," as well as the full range of hedges, including titled and leveraged hedges, as well as swaps, nontraditional hedges, and option hedging. They will also gain a firm understanding of alternative convertible structures, the use of foreign convertibles in hedging, risk management at the portfolio level, and trading and hedging risks. Convertible Arbitrage eliminates any confusion by clearly differentiating convertible arbitrage strategy from other hedging techniques such as long-short equity, merger and acquisition arbitrage, and fixed-income arbitrage. Nick Calamos (Naperville, IL) oversees research and portfolio management for Calamos Asset Management, Inc. Since 1983 his experience has centered on convertible securities investment. He received his undergraduate degree in economics from Southern Illinois University and an MS in finance from Northern Illinois University.

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by Richard Oberuc
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Price: $34.17

Book Description
An exciting new model for improved asset allocation accuracy in every market environment Modern Portfolio Theory (MPT) and asset allocation are the foundations on which most institutional investors base their decisions. But many aspects of MPT weren't designed for today's fast-changing markets. Dynamic Portfolio Theory and Management introduces a time-adaptive procedure that addresses this issue and simplifies the decision-making process. While asset allocation programs must adapt themselves to changing market conditions to succeed, how to accomplish that has been another matter. This book reveals a new model that: Helps investors change allocations based on economic factors Optimizes multi-time periods into a single future time period Assists forecasting of stock prices, bond prices, and interest rates.

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by Hart Woodson, III, A. Hartswell Woodson
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Price: $19.77

Book Description
Proven convertible investing approaches from a global leader Global Convertible Investing: The Gabelli Way offers novice and experienced investors alike a comprehensive guide. In-depth analysis takes readers step-by-step through the process of understanding what convertibles are, how to value and price them, how to identify convertibles with potential, and how to profit from them. The proven approaches of the Gabelli Asset Management firm gives readers an inside perspective on option pricing theory, convertible valuation techniques, mandatory convertible securities, and much more. With Global Convertible Investing: The Gabelli Way readers will be able to learn from the firm's proven methods and approaches and apply them to use convertibles as a profitable investment vehicle for themselves.

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by Mark J. P. Anson
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Price: $44.07

Book Description
This book discusses and describes four types of alternative assets: hedge funds, private equity, credit derivatives, and commodity futures. Hedge funds and private equity are the best known of the alternative assets, but certainly not the only alternative assets available. The author explores each one of these alternative asset classes in detail, providing practical advice along with useful research.

Book Info
Offers a comprehensive examination of the four major classes as presented in the 'Handbook of Alternative Assets'. Merges data and strategies scattered in numerous volumes into one handy guide for the serious investor. Discusses hedge funds, private equity, credit derivatives, and commodity and managed futures.

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by Joseph G. Nicholas
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Price: $40.95

Book Description
The hedge fund industry continues to grow by leaps and bounds, and within this universe, the "fund of funds" is the new star. Comprised of multiple-manager portfolios bundled together as a single multi-hedge fund product, this risk-balancing vehicle has emerged as the instrument of choice for the astute investment professional.

Hedge Fund of Funds Investing walks you through the steps for creating, combining, and managing investments with multiple hedge funds as a fund of funds. Leading hedge fund authority Joseph Nicholas explains the building blocks of a fund of funds and how they can be incorporated into a traditional portfolio to achieve investment objectives and build diversification. In addition, he teaches how to evaluate risks, estimate potential returns, and choose statistical measurement methods. This book provides the key that opens the door to this fast-growing investment phenomenon.

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by Kenneth S. Phillips (Editor), Ronald J. Surz (Editor)
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Book Description
A well-rounded hedge fund guide for the serious financial professional
Alternative investment strategies-hedge funds in particular-have experienced a significant resurgence recently, largely in response to the dramatic downturn of the global equity markets. In response to this explosion in popularity, this book focuses on many of the best moneymaking strategies related to these alternative investment vehicles.
IMCA (The Investment Management Consultants Association) is a professional association established in 1985, representing the investment consulting profession in the U.S. and Canada. Kenneth S. Phillips is a member of the IMCA Advisory Council and Managing Principal of Capital Partners, LLC. Ron Surz, CIMA, is a member of the IMCA Board of Directors and the President of PPCA Inc.

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Book Description
Hedge fund investment is a specialist area that is largely immune to market upturns and downturns, and can potentially profit when prices are falling. Because of this, there is growing interest in this area from investment professionals -- many of whom have little or no knowledge of how these funds operate. Disappointing returns from the mainstream markets has accelerated interest in the area, and many otherwise experienced investment professionals are scrambling to reinvent themselves as hedge fund specialists. The particularly high margin that hedge funds can offer has further fuelled their popularity.

"How to Invest in Hedge Funds" provides a uniquely balanced approach that outlines both the failings and advantages of this kind of fund. The book is an accessible and practical guide that unravels all the relevant considerations when investing in hedge funds.

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by Aswath Damodaran
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Price: $20.64

Book Description
The truth about 13 of today's most widely touted investment strategies. 10 powerful lessons for every investor Overcoming the enduring myths about markets High dividend stocks: better and safer than bonds--or not? Cheap stocks: cheap for a reason? Should you invest in quality? Momentum? The next big thing? Or what? You've heard 'em. (Maybe even from your broker!) They're the "can't lose" investment stories that promise you a no-risk path to profits "Buy companies trading below book value." "Follow the momentum." "Buy stocks with low P/Es." "Stick with quality." "Buy after bad news." "Buy after good news." "Follow the insiders." "Do whatever Warren Buffett's doing." And on, and on, and on They sound good. But do they really work? You're about to find out. In Investment Fables , one of the world's leading investment researchers runs the numbers on 13 of today's most widely touted strategies, objectively answering the questions your broker can't answer. Has it worked over the long term? Over the short term? If it made sense once, does it still make sense? Are the promised benefits a statistical mirage? Could it work, as one part of your investment strategy? What are the downsides-;and how can you mitigate them? If you want to make smarter investment decisions, you'll find this book utterly indispensable.

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by Joseph G. Nicholas
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Price: $23.07

Book Description
The first book to demystify hedge funds-insightful, practical, and easy-to-follow. Cash is flooding into hedge funds at a remarkable rate. The industry has experienced a $38 billion growth spurt in the last two years. 1997 alone saw a 40% increase in investor capital. Surprisingly, this tremendous growth has been fueled largely by individual investors, not by professionals. Though sophisticated investors see hedge funds as an attractive and viable option, until now information has been scarce. This is the first book for consumers who want to learn more about investing in hedge funds. It's the only resource that describes how hedge funds work specifically for individuals-including risk factors. Written by a professional investment adviser, Investing in Hedge Funds demystifies hedge funds and walks the consumer through the investment process step by step. This is the definitive guide to the increasingly popular hedge fund universe. Hedge funds are investments, run by fund managers, that use one or more alternative investment strategies, including investing in assets, such as currencies or distressed securities; hedging against market downturns; and utilizing return-enhancing tools, such as leverage and short selling. Consistency of return is typically the primary investment goal, not magnitude. Includes: Hedge fund basics: what they are and how to invest in them; Insights from top fund managers; How-to strategies clearly explained; Risk management and monitoring; Appendix with useful information sources; Sample portfolios.

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by Joseph G. Nicholas
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Price: $44.07

Book Description
Managing risk is a weightier issue than ever for professional investors. They're seeking downside protection as they grapple to remain fully invested in a hyper-inflated stock market. Market-neutral investing is one of the hottest strategies for achieving such protection. In this groundbreaking book, industry expert Joseph G. Nicholas opens investors up to new thinking on highly effective approaches to return enhancement and risk reduction through investment diversification.

Nicholas shows how market-neutral investing techniques hedge exposures -- to neutralize the impact of market volatility on investment performance. He demystifies these strategies and explains how to successfully put together a market-neutral portfolio. Nicholas shows the reader how to apply these approaches to a variety of investments from equity trades and fixed-income instruments, to convertibles and merger arbitrage.

This is the one book that looks at market-neutral strategies head on, assessing strategies that have worked and those that have failed -- and explaining why. Clear, insightful, and illustrated with numerous charts and graphs, Market-Neutral Investing is an invaluable guide for professional money managers.

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by Steven Dresner (Editor), E. Kurt Kim (Editor)
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Price: $47.25

Book Description
The use of PIPEs as a means for public companies to raise capital has grown considerably over the past decade. A PIPE, or private investment in public equity, was once a little-understood strategy used by relatively few companies and investors. Today these privately negotiated transactions offer a practical (and in many cases, preferred) financing alternative for companies, regardless of their size or sector. They also present opportunity for investors and advisers who know how to identify and execute viable PIPE transactions.
Here at last is the definitive guide to PIPEs, presenting the views, voices, and invaluable expertise of leading practitioners from all specialties in the field. The book is divided into three parts: "The Business of PIPEs," which provides a historical backdrop and overview; "Regulatory Landscape and Structural Alternatives," which details the legal framework and transaction structures; and "Deal Flow," which offers the investor’s perspective on assessing and investing in deals.
Thorough discussions, ranging from the origins of the marketplace to deal structures, from legal considerations to due diligence, and from finding opportunities to trading strategies, provide a rich perspective on the inner workings of this active area of the private equity market. Institutional investors, financial analysts, investment bankers, corporate and securities attorneys, executives of public companies, and even the sophisticated investor will find substantial value in the pages of this book.

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