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Investment Policies in the Arab Countries
by Said El-NaggarA report from the International Monetary Fund.
Investment Policy at the Hewlett Foundation
by Luis M. ViceiraIn early January 2005, Laurance Hoagland Jr., VP and CIO of the William and Flora Hewlett Foundation (HF), and his investment team met to finish their recommendations to the HF Investment Committee for a new asset allocation policy for the foundation's investment portfolio. If the proposal was approved, HF would adopt a new asset allocation policy that included a substantial reduction in the overall exposure of the investment portfolio to domestic public equities and a significant increase in the allocation to absolute return strategies and TIPS. Hoagland and this team also needed to decide on a complementary recommendation to the HF Investment Committee to pledge approximately 5% of the total value of the portfolio to Sirius V, the latest fund at Sirius Investments, which specialized in global distressed real estate investments.
Investment Project Design
by Lech Kurowski David SussmanMake more informed project investment decisions by knowing what issues to examine in the planning process and how to analyze their impacts Poor or insufficient planning is primarily responsible for the inordinate number of idle and rusting capital facilities around the world, with investment decisions often made on the basis of either intuition or inadequate analysis. Investment Project Design: A Guide to Financial and Economic Analysis with Constraints alerts potential investors and other stakeholders to precipitous changes in the investment milieu as a result of constraints on resources and infrastructure, economic and political turmoil, and population growth. The guide Includes descriptions of specific methods of financial and economic analysis for new investments and for expansion of an existing enterprise Covers project risk assessment, mitigation and avoidance Provides real-life case studies, adapted for presentation, and addresses the design of projects large and small, as well as those in both private and public sectors Features spreadsheet layouts and computations Investment Project Design is the ultimate resource in the methods of designing and appraising investment projects
Investment Risk and Uncertainty
by Steven P. GreinerValuable insights on the major methods used in today's asset and risk management arenaRisk management has moved to the forefront of asset management since the credit crisis. However, most coverage of this subject is overly complicated, misunderstood, and extremely hard to apply. That's why Steven Greiner--a financial professional with over twenty years of quantitative and modeling experience--has written Investment Risk and Uncertainty. With this book, he skillfully reduces the complexity of risk management methodologies applied across many asset classes through practical examples of when to use what.Along the way, Greiner explores how particular methods can lower risk and mitigate losses. He also discusses how to stress test your portfolio and remove the exposure to regular risks and those from "Black Swan" events. More than just an explanation of specific risk issues, this reliable resource provides practical "off-the-shelf" applications that will allow the intelligent investor to understand their risks, their sources, and how to hedge those risks.Covers modern methods applied in risk management for many different asset classesDetails the risk measurements of truly multi-asset class portfolios, while bridging the gap for managers in various disciplines--from equity and fixed income investors to currency and commodity investorsExamines risk management algorithms for multi-asset class managers as well as risk managers, addressing new compliance issues and how to meet themThe theory of risk management is hardly ever spelled out in practical applications that portfolio managers, pension fund advisors, and consultants can make use of. This book fills that void and will put you in a better position to confidently face the investment risks and uncertainties found in today's dynamic markets.
Investment Secrets from PIMCO's Bill Gross
by Timothy MiddletonPraise For Investment Secrets From PIMCO's Bill Gross "No investor is held in higher regard by his peers than Bill Gross. His understanding of the markets and his insights on how to profit from them are unparalleled. Now, Tim Middleton takes you into Gross's world for an insider's view on how the world of finance really works. If this book were a bond, it would be AAA rated with a double-digit yield." -DON PHILLIPS, Managing Director, Morningstar, Inc. "The secret to investment success is discipline. In bonds, nobody has displayed better discipline than Bill Gross. And nobody has done a better job of explaining Gross's methods, and instructing private investors how they can exploit his approach, than Tim Middleton." -JON MARKMAN, Columnist, CNBC on MSN Money "Warren Buffett, John Neff, Bill Miller, Peter Lynch-the stock market has always had dominant personalities whose long-term success becomes legend. In the bond market, that dominant personality is Gross." -FORTUNE "Bill Gross is the Emeril Lagasse of bond managers." -FORBES "If you want to get a stock mutual fund manager steamed, ask why his fund can't beat bond guru Bill Gross." -USA TODAY
Investment Strategies: A Practical Approach to Enhancing Investor Returns
by Bill JiangThis book is a practical and unique investment resource designed to guide investors towards successful investing in the financial markets. It provides a selection of time-tested investment strategies to help investors enhance returns. Factor investing is positioned between active management and passive investing to combine their advantages. The book provides comprehensive coverage of common style factors such as quality and momentum in response to the rising investor interest in factor strategies. It presents a detailed description of the multifactor approach regarding its principle, investment merits and construction methods. The book also covers sustainable investing as it continues to rise in prominence across the investment sector. It employs an abundance of financial data, real cases and practical examples to help the audience understand different investment strategies in an interesting and informative way. The book is primarily written for private investors and investment practitioners such as equity analysts and investment advisors. It is also suitable for university students who are interested in learning practical investment strategies and traditional asset classes.
Investment Strategies of Hedge Funds (The Wiley Finance Series #577)
by Filippo StefaniniOne of the fastest growing investment sectors ever seen, hedge funds are considered by many to be exotic and inaccessible. This book provides an intensive learning experience, defining hedge funds, explaining hedge fund strategies while offering both qualitative and quantitative tools that investors need to access these types of funds. Topics not usually covered in discussions of hedge funds are included, such as a theoretical discussion of each hedge fund strategy followed by trading examples provided by successful hedge fund managers.
Investment Strategies Optimization based on a SAX-GA Methodology
by Rui F.M.F. Neves António M.L. Canelas Nuno C.G. HortaThis book presents a new computational finance approach combining a Symbolic Aggregate approximation (SAX) technique with an optimization kernel based on genetic algorithms (GA). While the SAX representation is used to describe the financial time series, the evolutionary optimization kernel is used in order to identify the most relevant patterns and generate investment rules. The proposed approach considers several different chromosomes structures in order to achieve better results on the trading platform The methodology presented in this book has great potential on investment markets.
Investment Theory and Risk Management
by Steven PetersonA unique perspective on applied investment theory and risk management from the Senior Risk Officer of a major pension fundInvestment Theory and Risk Management is a practical guide to today's investment environment. The book's sophisticated quantitative methods are examined by an author who uses these methods at the Virginia Retirement System and teaches them at the Virginia Commonwealth University. In addition to showing how investment performance can be evaluated, using Jensen's Alpha, Sharpe's Ratio, and DDM, he delves into four types of optimal portfolios (one that is fully invested, one with targeted returns, another with no short sales, and one with capped investment allocations). In addition, the book provides valuable insights on risk, and topics such as anomalies, factor models, and active portfolio management. Other chapters focus on private equity, structured credit, optimal rebalancing, data problems, and Monte Carlo simulation.Contains investment theory and risk management spreadsheet models based on the author's own real-world experience with stock, bonds, and alternative assetsOffers a down-to-earth guide that can be used on a daily basis for making common financial decisions with a new level of quantitative sophistication and rigorWritten by the Director of Research and Senior Risk Officer for the Virginia Retirement System and an Associate Professor at Virginia Commonwealth University's School of BusinessInvestment Theory and Risk Management empowers both the technical and non-technical reader with the essential knowledge necessary to understand and manage risks in any corporate or economic environment.
Investment Treaty Arbitration as Public International Law
by Eric De BrabandereInvestment treaty arbitration is fast becoming one of the most common methods of dispute settlement in international law. Despite having ancient roots, the private interests in international investment relations remain in conflict with the need for the recognition of the public international law features of the arbitral procedure. This book, which presents an account of investment treaty arbitration as a part of public international law - as opposed to commercial law - provides an important contribution to the literature on this subject. Eric De Brabandere examines the procedural implications of conceiving of investment treaty arbitration in such a way, with regards to issues such as the principles of confidentiality and privacy, and remedies. The author demonstrates how the public international law character of investment treaty arbitration derives from and has impacted upon the dispute settlement procedure.
Investment Treaty Law and Climate Change
by Tomás Restrepo RodríguezThe book deals with the question whether the investment treaty law system could be harmonized with the climate change international legal framework and the climate interest that lies beyond. The answer to this research question is divided into three parts. The first examines the relevance of the climate change international legal framework in investment treaty disputes as a natural pre(logical)interpretative stage. The second focuses on the BIT’s content-interpretation, which is the orthodox approach to solve the fragmentation between the system of investment treaty law and the system of international climate change law. Finally, the third part tackles this fragmentation through a heterodox approach that is grounded in the direct application of climate change principles through law ascertainment. Apart from concluding that harmonization between investment treaty law and international climate change law is possible through the orthodox approach to the expropriation and the FET standards, as well as through the direct application of the climate change precautionary principle and the CBDRRC principle − heterodox approach, the book suggests that tribunals are expected soon to openly address climate change disputes in their rulings.
Investment under Uncertainty
by Robert K. Dixit Robert S. PindyckHow should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.
Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Wiley Finance #666)
by Aswath DamodaranThe definitive source of information on all topics related to investment valuation tools and techniques Valuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among investors and students of financial markets, Aswath Damodaran'sInvestment Valuation. Now completely revised and updated to reflect changing market conditions, this third edition comprehensively introduces investment professionals and students to the range of valuation models available and how to chose the right model for any given asset valuation scenario. This edition includes valuation techniques for a whole host of real options, start-up firms, unconventional assets, distressed companies and private equity, and real estate. All examples have been updated and new material has been added. Fully revised to incorporate valuation lessons learned from the last five years, from the market crisis and emerging markets to new types of equity investments Includes valuation practices across the life cycle of companies and emphasizes value enhancement measures, such as EVA and CFROI Contains a new chapter on probabilistic valuation techniques such as decision trees and Monte Carlo Simulation Author Aswath Damodaran is regarded as one of the best educators and thinkers on the topic of investment valuation This indispensable guide is a must read for anyone wishing to gain a better understanding of investment valuation and its methods. With it, you can take the insights and advice of a recognized authority on the valuation process and immediately put them to work for you.
Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Wiley Finance)
by Aswath DamodaranUpdated edition of the definitive guide to investment valuation tools and techniques Investment Valuation: Tools and Techniques for Determining the Value of Any Asset delves into valuation techniques for a variety of different asset classes, including real options, start-up firms, unconventional assets, distressed companies and private equity, real estate, and many more, and explains how to choose the right model for any given asset valuation scenario. The models are presented with real-world examples so as to capture some of the problems inherent in applying these models, with discussion of differences and common elements between the models to provide readers with a holistic understanding of the subject matter. Written by a professor of finance who is widely regarded as one of the best educators and thinkers on the topic of investment valuation, this newly revised and updated Fourth Edition explores topics including: Understanding financial statements, the basics of risk, and tests and evidence for market efficiency Estimating risk parameters and costs of financing, terminal value, and equity value per share Using scenario analysis, decision trees, and simulations for probabilistic approaches in valuation Investment Valuation: Tools and Techniques for Determining the Value of Any Asset is an essential resource for all investors and students of financial markets seeking an all-in-one guide to expand their valuation knowledge and make better investment decisions.
Investment Valuation
by Aswath DamodaranThe definitive source of information on all topics related to investment valuation tools and techniquesValuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among students of financial markets and investors, Aswath Damodaran'sInvestment Valuation.Now completely revised and updated to reflect changing market conditions, this third edition comprehensively introduces students and investment professionals to the range of valuation models available and how to chose the right model for any given asset valuation scenario. This edition includes valuation techniques for a whole host of real options, start-up firms, unconventional assets, distressed companies and private equity, and real estate. All examples have been updated and new material has been added.An expansion of ancillaries include updated online databases, spreadsheets, and other educational support toolsFully revised to incorporate valuation lessons learned from the last five years, from the market crisis and emerging markets to new types of equity investmentsRevised examples of company valuations such as companies from Eastern Europe and Africa, which stress the global nature of modern valuationAuthor Aswath Damodaran is regarded as one of the best educators and thinkers on the topic of investment valuationThis indispensable guide is a must read for students wishing to gain a better understanding of investment valuation and its methods. With it, you can take the insights and advice of a recognized authority on the valuation process and immediately put them to work for you.
Investment Valuation and Appraisal: Exam Training with Exercises and Solutions (Springer Texts in Business and Economics)
by Kay PoggenseeThis book complements the textbook Investment Valuation and Appraisal - Theory and Practice. It contains exercises and solutions often used at academic courses about investment evaluation around the world. Using the sample solutions for the assignments, the learning progress itself can be checked by students. Thus, this book enables students of business administration to prepare for exams in self-study. In addition, it is ideal for practitioners as an illustrative object for concrete quantitative business problems and their solutions.The book covers tasks in areas such as static investment evaluation methods, dynamic investment evaluation methods, selection of alternatives and investment program planning, optimum useful lifetime and optimum replacement time and investment decisions in uncertainty. The book closes with a mock exam and its solution as is typical at universities. Solutions are shown in an Excel sheet which is available online.
Investment Valuation and Appraisal: Theory and Practice (Springer Texts in Business and Economics)
by Kay Poggensee Jannis PoggenseeThis textbook introduces readers to the most relevant aspects of Investment Evaluation in the context of enterprise evaluation. It utilises a clear didactic concept and concisely presents representative cases, supported by calculations and their step-by-step, Excel-based solutions. In addition, the book analyses the respective benefits of the calculation models discussed from a management standpoint.
Investment Valuation and Asset Pricing: Models and Methods
by James W. Kolari Seppo PynnönenThis textbook is intended to fill a gap in undergraduate finance curriculums by providing an asset pricing text that is accessible for undergraduate finance students. It offers an overview of original works on foundational asset pricing studies that follows their historical publication chronologically throughout the text. Each chapter stays close to the original works of these major authors, including quotations, examples, graphical exhibits, and empirical results. Additionally, it includes statistical concepts and methods as applied to finance. These statistical materials are crucial to learning asset pricing, which often applies statistical tests to evaluate different asset pricing models. It offers practical examples, questions, and problems to help students check their learning and better understand the fundamentals of asset pricing., alongside including PowerPoint slides and an instructor’s manual for professors.
Investment Valuation, University Edition: Tools and Techniques for Determining the Value of any Asset
by Aswath DamodaranUpdated edition of the definitive guide to investment valuation tools and techniques Investment Valuation: Tools and Techniques for Determining the Value of Any Asset delves into valuation techniques for a variety of different asset classes, including real options, start-up firms, unconventional assets, distressed companies and private equity, real estate, and many more, and explains how to choose the right model for any given asset valuation scenario. The models are presented with real-world examples so as to capture some of the problems inherent in applying these models, with discussion of differences and common elements between the models to provide readers with a holistic understanding of the subject matter. Written by a professor of finance who is widely regarded as one of the best educators and thinkers on the topic of investment valuation, this newly revised and updated Fourth Edition explores topics including: Understanding financial statements, the basics of risk, and tests and evidence for market efficiency Estimating risk parameters and costs of financing, terminal value, and equity value per share Using scenario analysis, decision trees, and simulations for probabilistic approaches in valuation Investment Valuation: Tools and Techniques for Determining the Value of Any Asset is an essential resource for all investors and students of financial markets seeking an all-in-one guide to expand their valuation knowledge and make better investment decisions.
The Investment Writing Handbook: How to Craft Effective Communications to Investors (Wiley Finance)
by Assaf KedemThe writing "bible" for financial professionals The Investment Writing Handbook provides practical, accessible guidance for crafting more effective investor communications. Written by an award-winning writer, editor, and speechwriter, this book explains the principles and conventions that help writing achieve its purpose; whether you need to inform, educate, persuade, or motivate, you'll become better-equipped to develop a broad range of communications and literature for investor consumption. Examples from real-world financial institutions illustrate expert execution, while explanations and advice targeted specifically toward investor relations give you the help you need quickly. From white papers and investment commentary to RFPs, product literature, and beyond, this book is the financial writer's "bible" that you should keep within arm's reach. Investment writing is one of the primary influences on investors' attitudes. It educates, informs decisions, shapes opinions, and drives behavior—so shouldn't it be expertly-crafted to achieve its intended goal? This book explains the "tricks of the trade" to help you get your message across. Understand the principles of effective investor communication Master the conventions of informative and persuasive writing Examine well-written sample documents from real-world institutions Improve research papers, presentations, investor letters, marketing literature, and more Virtually all firms with investors as clients need to communicate to them regularly, but few financial professionals receive formal training in investor communications. When investors' opinions, attitudes, and actions determine the health of your company, it is vitally important that these communications not be left to chance. The Investment Writing Handbook provides essential guidance and clear explanations to help you transform your communication strategy, execution, and results.
Investmentbanken: Geschäftsfelder, Akteure Und Mechanismen
by Claudio FranzettiDieses Buch beschreibt die aktuellen Tätigkeiten der Investmentbanken, wobei die zehn größten als Referenzpunkte dienen. Bevor der Leser oder die Leserin ins Thema der Aktivitäten einsteigt, wird eine kurze Einführung in die Grundlagen gegeben. Es werden die wesentlichen Produkte, Akteure und Mechanismen dargestellt. Damit wird sichergestellt, dass auch der nicht allzu kundige das Thema bewältigen kann. Die Gliederung folgt den großen Themen von Investment Banking und Sales & Trade, die dann mit den weiteren Dienstleistungen angereichert werden. Traditionelle Geschäftsfelder anderer Marktteilnehmer, wie etwa Vermögensverwaltung, werden nicht sehr detailliert besprochen. Denn es liegt bereits eine unübersehbare Anzahl von Angeboten vor. Das Buch schließt mit einem Ausblick, der nur vorsichtig formuliert werden kann. Dennoch ist absehbar, dass die Investmentbanken eine Symbiose mit Fintechs und einen Übergang in neue Strukturen vollziehen werden.
Investmentfonds: Der Investmentfonds-Rentenplan für den langfristigen Vermögensaufbau
by Adidas WilsonInvestmentfonds sind bei Anlegern sehr beliebt und leicht zu verstehen. Sie bieten Anlegern mit wenig Geld, Zeit oder Wissen Vorteile und Einfachheit. Wenn Sie noch unschlüssig sind, ob Investmentfonds für Sie geeignet sind, sollten Sie sich diese Vorteile ansehen. Die Diversifizierung von Vermögenswerten ist für Klein- und Großanleger eine der wichtigsten Regeln für Investitionen. Unter Diversifizierung versteht man die Kombination verschiedener Arten von Anlageklassen und Investitionen innerhalb eines Portfolios. Sie hilft bei der Risikosteuerung. Für ein diversifiziertes Portfolio ist es ratsam, Aktien mit unterschiedlicher Kapitalisierung aus verschiedenen Branchen sowie Anleihen mit unterschiedlichen Laufzeiten von verschiedenen Emittenten zu kaufen. Diese Strategie kann für einen einzelnen Anleger kostspielig sein. Wenn Sie Investmentfonds kaufen, haben Sie den Vorteil einer sofortigen Vermögensallokation und Diversifizierung ohne die hohen Kosten, die Sie bei der Erstellung individueller Portfolios hätten. Der Nachteil dabei ist, dass ein einzelner Investmentfonds möglicherweise keine ausreichende Diversifizierung bietet. Prüfen Sie, ob der Fonds branchen- oder sektorspezifisch ist. Wenn Sie zum Beispiel in einen bestimmten Sektor investieren, können Sie Ihr Geld auf mehrere Unternehmen verteilen. Wenn dieser Sektor jedoch fällt, kann Ihre Anlage darunter leiden. Um Größenvorteile einfach und schnell zu verstehen, denken Sie an Mengenrabatte: Je mehr Sie von einem Artikel kaufen, desto billiger wird er. Das Gleiche gilt für den Kauf und Verkauf von Wertpapieren. Wenn Sie ein einzelnes Wertpapier zu einem bestimmten Zeitpunkt kaufen, zahlen Sie höhere Transaktionsgebühren. Investmentfonds senken die Transaktionskosten für ihre Anleger, indem sie sich das Verkaufs- und Kaufvolumen zunutze machen.
Investments
by Gerhard Van de Venter Michael G. Mcmillan Wendy Pirie Jerald E. Pinto Lawrence E. Kochard CFAA comprehensive guide to investment analysis and portfolio management by an expert team from the CFA InstituteIn a world of specialization, no other profession likely requires such broad, yet in-depth knowledge than that of financial analyst. Financial analysts must not only possess a broad understanding of the financial markets-including structure, organization, efficiency, portfolio management, risk and return, and planning and construction-but they must also have a strong sense of how to evaluate industries and companies prior to engaging in an analysis of a specific stock. Investments: Principles of Portfolio and Equity Analysis provides the broad-based knowledge professionals and students of the markets need to manage money and maximize return. The bookDetails market structure and functions, market anomalies, secondary market basics, and regulationDescribes investment assets and asset classes, types of positions and orders, as well as forecasting methodologiesDiscusses return and risk characteristics, portfolio diversification and management, the basics of both technical analysis and major technical indicators, and much moreA companion Workbook, which includes learning outcomes, summary overviews, and problems and solutions sections is available and sold separatelyInvestments provides readers unparalleled access to the best in professional quality information on investment analysis and portfolio management.
Investments: An Introduction
by Herbert B. MayoMayo's INVESTMENTS: AN INTRODUCTION, 12E allows you to fully understand today's most important investment topics from the perspective of an individual financial planner. This edition provides an inviting, comprehensive approach to investments--from the fundamentals you need for success on the CFP exam to more advanced skills for investing today. You'll learn the key points of making solid investment decisions as you gain an overview of today's most pertinent investment opportunities and challenges. An ongoing Financial Advisor's Investment Case, Internet assignments, and expanded coverage of stock valuation ratios as well as stock repurchases and dividend payments emphasize how you can apply what you're learning to daily decisions.
Investments: An Introduction, Fifth Edition
by Herbert B. MayoThis is an Intro to Investment college textbook. Some of the graphs, tables, illustrations, and picture captions are not included. Some of the text has been altered for easier computer reading.