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Books > Money & Finance > Investment & securities > General
In Advanced Equity Derivatives: Volatility and Correlation,
Sebastien Bossu reviews and explains the advanced concepts used for
pricing and hedging equity exotic derivatives. Designed for
financial modelers, option traders and sophisticated investors, the
content covers the most important theoretical and practical
extensions of the Black-Scholes model. Each chapter includes
numerous illustrations and a short selection of problems, covering
key topics such as implied volatility surface models, pricing with
implied distributions, local volatility models, volatility
derivatives, correlation measures, correlation trading, local
correlation models and stochastic correlation. The author has a
dual professional and academic background, making Advanced Equity
Derivatives: Volatility and Correlation the perfect reference for
quantitative researchers and mathematically savvy finance
professionals looking to acquire an in-depth understanding of
equity exotic derivatives pricing and hedging.
Investing for a Lifetime is designed to make saving and investing
understandable to the investor. Wharton Professor Richard C.
Marston, 2014 recipient of the Investment Management Consultants
Association s prestigious Matthew R. McArthur Award, guides an
investor through the main investment decisions throughout a
lifetime. Investing for a Lifetime shows: * how younger investors
can set savings goals * how both younger and older investors can
choose investment portfolios to achieve these goals * how investors
can sustain spending once reaching retirement. Younger and older
investors alike should understand savings goals that will provide
enough income to sustain spending in retirement. They should devise
rates of saving that allow them to reach their goals by the time of
retirement. Though retirement is often the main goal of investing,
it s not the only one. Marston discusses how funding a child s
education or saving for a down payment for a home affects overall
saving. Sensible investing is also necessary for savings goals to
be realized. Investing need not be complicated, but Marston
explains that a diversified portfolio should include a mix of
different types of U.S. stocks, foreign stocks, real estate as well
as bonds. He describes each of these asset classes and shows how
they fit in an investor s portfolio. He shows how investors can
monitor the performance of their portfolios by establishing
benchmarks for each asset class to judge how well their investments
are doing. He focuses particular attention on those investors
nearing retirement. In today s low interest rate environment, he
discusses whether it is possible to fund retirement from interest
and dividends alone. He shows how savings combined with Social
Security can fund retirement spending. And he asks how the New
Normal of lower returns might force investors to save more than in
past decades, and to spend less in retirement than in the past.
Investing for a Lifetime is for investors who want to understand
more about the savings and investment process, particularly those
who worry about whether their retirement savings will last a
lifetime.
Handbook of Frontier Markets: Evidence from Asia and International
Comparative Studies provides novel insights from academic
perspectives about the behavior of investors and prices in several
frontier markets. It explores finance issues usually reserved for
developed and emerging markets in order to gauge whether these
issues are relevant and how they manifest themselves in frontier
markets. Frontier markets have now become a popular investment
class among institutional investors internationally, with major
financial services providers establishing index-benchmarks for this
market-category. The anticipation for frontier markets is
optimistic uncertainty, and many people believe that, given their
growth rates, these markets will be economic success stories.
Irrespective of their degrees of success, The Handbook of Frontier
Markets can help ensure that the increasing international
investment diverted to them will aid in their greater integration
within the global financial system.
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