Mastering illiquidity : risk management for portfolios of by Cornelius, Peter; Guennoc, Didier; Diller, Christian; Meyer,

By Cornelius, Peter; Guennoc, Didier; Diller, Christian; Meyer, Thomas

Palms traders with robust new instruments for measuring and dealing with the dangers linked to a few of the illiquid asset periods With safe rates of interest and chance charges at list lows, many traders are turning to illiquid resources, akin to genuine property, deepest fairness, infrastructure and bushes, looking for improved returns and larger portfolio variety. yet as many analysts, traders and wealth managers Read more...

summary:

fingers traders with strong new instruments for measuring and dealing with the dangers linked to a few of the illiquid asset sessions. This ebook offers an summary of illiquid fund investments, focusing Read more...

Show description

Read or Download Mastering illiquidity : risk management for portfolios of limited partnership funds PDF

Similar risk management books

Models at Work: A Practitioner's Guide to Risk Management

Danger Management's maximum failure has been its lack of ability to simplify its genuine presentation and fix with board and government workforce participants in a language that they could comprehend and relate to. by utilizing easy good verified instruments, versions at paintings takes readers via a trip that cuts throughout versions, frameworks, perform, information, markets, nations and case stories.

The Dynamics of Law and Morality: A Pluralist Account of Legal Interactionism

This e-book investigates the dynamic intertwinement of legislation and morality, with a spotlight on new and constructing fields of legislations. Taking as its place to begin the debates and mutual misunderstandings among proponents of alternative philosophical traditions, it argues that this theoretical pluralism is healthier defined as soon as legislations is authorized as an primarily ambiguous inspiration.

Globalization and the Reform of the International Banking and Monetary System

The booklet argues winning financial and banking reform calls for: a rollback of financial nationalism and go back to financial internationalism; belief within the banking procedure with its easy capabilities restored; a stability among festival and unity in an effort to guarantee political and social reputation of globalization.

Forecasting, Warning and Responding to Transnational Risks

Assembling a excessive profile team of students and practitioners, this booklet investigates the interaction of forecasting; warnings approximately, and responses to, identified and unknown transnational dangers. It demanding situations traditional debts of 'failures' of caution and preventive coverage in either the tutorial literature and public debate.

Extra resources for Mastering illiquidity : risk management for portfolios of limited partnership funds

Example text

As in the case of infrastructure investments, the investor acquires the right to receive regular payments as specified in the lease contract. 3 Finally, investments in natural resources focus especially on commodities, such as oil and gas, forestry and farmland. As far as the former are concerned, investments fall into two distinct categories. While holdings of proven oil and gas reserves generate cash flows that are highly correlated with energy prices, investments in exploration activities essentially represent real options.

Infrastructure investments can be made to fund the planning and construction phases of a project. Such investments are sometimes called primary investments, distinguishing them from secondary investments, which are related to the operational period. Depending on the specific project, secondary investments often have a very long investment horizon, sometimes several decades. Therefore, they are sometimes likened to a bond where the investor acquires the right to receive a stream of income over time.

The prudent man rule thus developed into a set of court-defined rules specifying what is generally imprudent, with several courts finding certain types of investment (such as second mortgages or new business ventures) intrinsically speculative and thus outside the universe of prudent investments. The various constraints and narrow judicial interpretations severely limited the types of investment that could be made and essentially again just left government securities and high-grade corporate bonds.

Download PDF sample

Rated 4.37 of 5 – based on 24 votes