Asymmetric Returns: The Future of Active Asset Management (Wiley Finance Series) - Hardcover

Ineichen, Alexander M.

Hardcover

ISBN 10: 0470042664 ISBN 13: 9780470042663

Verlag: John Wiley & Sons Ltd, 2007

Inhaltsangabe

Book by Ineichen Alexander M

Über diesen Titel

Reseña del editor:

In Asymmetric Returns, financial expert Alexander Ineichen elevates the critical discussion about alpha versus beta and absolute returns versus relative returns. He argues that controlling downside volatility is a key element in asset management if sustainable positive compounding of capital and financial survival are major objectives. Achieving sustainable positive absolute returns are the result of taking and managing risk wisely, that is, an active risk management process where risk is defined in absolute terms and changes in the market place are accounted for. The result of an active risk management process-when successful-is an asymmetric return profile, that is, more and higher returns on the upside and fewer and lower returns on the downside. Ineichen claims that achieving Asymmetric Returns is the future of active asset management. Alexander M. Ineichen, CFA, CAIA, is Managing Director and Senior Investment Officer for the Alternative Investment Solutions team, a key provider within Alternative and Quantitative Investments, itself a business within UBS Global Asset Management. He is also on the Board of Directors of the Chartered Alternative Investment Analyst Association (CAIAA). Ineichen is the author of the two UBS research publications In Search of Alpha-Investing in Hedge Funds (October 2000) and The Search for Alpha Continues-Do Fund of Hedge Funds Add Value? (September 2001). As of 2006 these two reports were the most often printed research papers in the documented history of UBS. He is also author of the widely popular Absolute Returns-The Risk and Opportunities of Hedge Fund Investing, also published by John Wiley & Sons.

Contraportada:

Praise for Asymmetric Returns

"Ineichen is a brilliant thinker and a beautiful writer. The result is this extraordinary book. Asymmetric Returns offers powerful and innovative investment advice in a language every investor can read. What a tempting combination! This book is one temptation you must not resist."
—Peter L. Bernstein, author, Capital Ideas: The Improbable Origins of Modern Wall Street

"Alexander Ineichen remains at the leading edge of the hedge fund industry. But what really distinguishes him from other industry pioneers and commentators is his ability to articulate major changing themes in a way that is colorful and comprehensible to many readers. This book is a must-read for practitioners and major customers in the industry."
—Stanley Fink, Chief Executive, Man Group plc

"This book is a must-read for today's professional investor. Alexander Ineichen goes way beyond the typical debate in the money management industry in regard to alternative investing or traditional investing. He explains the various concepts and concludes that at the end there is only one thing that matters: positive absolute returns."
—Rainer-Marc Frey, founder, Horizon21 and RMF

"This book is thoroughly entertaining, thought provoking, and deeply insightful. Ineichen leads the reader between the abstract and the concrete in a splendid fashion. A compelling addition to any bona fide financial athenaeum."
—Joseph Scoby, member of UBS's Managing Board and head of Alternative and Quantitative Investments, UBS Global Asset Management

"Ineichen is clearly the thought leader on asymmetric returns. For example, his discussion in Chapter 3 on the pricing of asymmetric returns and his analysis of higher moments of the distribution in Chapter 4 provide ample food for thought upon which investors can feast for years to come."
—Mark Anson, Chief Executive Officer, Hermes Pensions Management Ltd.

Über diese Auflage

• Verlag: John Wiley & Sons Ltd
• Erscheinungsdatum: 2007
• ISBN 10: 0470042664
• ISBN 13: 9780470042663
• Einband: Tapa dura
• Anzahl der Seiten: 352