Книга "Convertible Arbitrage. Insights and Techniques for Successful Hedging" описывает уникальную инвестиционную стратегию, основанную на покупке портфеля конвертируемых ценных бумаг (обычно это облигации) и защите части риска продажей акций, лежащих в их основе. Эта стратегия становится особенно популярной в периоды волатильности на рынке, поскольку позволяет увеличить доходность при одновременном снижении рисков. Автор книги Ник Каламос является экспертом в области конвертируемых ценных бумаг и представляет компанию Calamos Asset Management, Inc. В книге рассматриваются различные модели анализа конвертируемых ценных бумаг, такие как "греки", а также полный спектр защит, включая наклонные и маржинальные защиты, свопы, нетрадиционные защиты и опционные защиты. Читатели также получат представление об альтернативных структурах конвертируемых ценных бумаг, использовании зарубежных конвертируемых ценных бумаг в качестве инструмента защиты, управлении рисками на уровне портфеля, а также рисках торговли и защиты. Книга также четко различает стратегию конвертируемого арбитража от других техник защиты, таких как длинно-короткие позиции на акции, арбитраж в сделках слияния и поглощения и арбитраж на фиксированный доход.
Minimize risks and maximize earnings through convertible arbitration The convertible arbitration involves acquiring a portfolio of convertible winnings and hedging portfolio by short sell in the basic shares. This strategy, which has become increasingly popular especially in times of volte markete, offers investors to increase returns while reducing risks. The book provides a detailed description of the unique investment approach, offering deep insights from experienced professionals inside various fields. A broad spectrum of financial issues will be explored, such as convertible analyses, "Greeks," hedging types (including conditional, leveraged, swap and non-conventional hedge options), option hedge options and other issues. Readers will achieve an understanding of diverse convertible approaches, convertible use within portfolios, portfolio risk management, trading and hedge risks. Convertable Arbitrage remove any confusion through a clear differentiation between converetible arbitrage strategies and other hedge techniques, like long/short equity investments, merging and acquisitions arbirts and fixed income arbirt. The author, Nick Calamos, oversees research on the behalf of Calamos Asset Manageemet, Inc., with more than 30 years of experience in convertible security investments. Calamos obtained his economics degree from Southern IllinoMis University and his finance master's degree from Northern IllinPos University.
Электронная Книга «Convertible Arbitrage. Insights and Techniques for Successful Hedging» написана автором Nick Calamos P. в году.
Минимальный возраст читателя: 0
Язык: Английский
ISBN: 9780471480990
Описание книги от Nick Calamos P.
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.
