Convertible Arbitrage
DOWNLOAD eBooks
Download Convertible Arbitrage PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Convertible Arbitrage book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Convertible Arbitrage
DOWNLOAD eBooks
Author : Nick P. Calamos
language : en
Publisher: John Wiley & Sons
Release Date : 2011-01-19
Convertible Arbitrage written by Nick P. Calamos and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-19 with Business & Economics categories.
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.
Convertible Arbitrage
DOWNLOAD eBooks
Author : Nick P. Calamos
language : en
Publisher: John Wiley & Sons
Release Date : 2003-07-24
Convertible Arbitrage written by Nick P. Calamos and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-07-24 with Business & Economics categories.
"Convertible Arbitrage" ist ein praxisorientierter und umfassender Ratgeber, der sich mit einer interessanten Investmentstrategie auseinandersetzt - der 'Convertible Arbitrage'. Bei dieser Strategie geht es darum, ein Portfolio aus wandelbaren Wertpapieren anzulegen - in der Regel Wandelanleihen -, wobei das Risiko teilweise dadurch abgesichert wird, dass die zugrundeliegende Stammaktie leerverkauft wird. Diese Strategie erfreut sich wachsender Beliebtheit und ist insbesondere in Zeiten hoher Marktvolatilität von Nutzen, denn sie ermöglicht Finanzexperten eine Steigerung der Rendite bei einer Verringerung des Risikos. "Convertible Arbitrage" erläutert diese einzigartige Investmentstrategie fundiert und detailliert. Mit einer Fülle von Experten-Informationen. Autor Nick Calamos ist ein anerkannter Fachmann auf diesem Gebiet. Er ist regelmäßig auf CNBC zu sehen und wird häufig von Fachzeitschriften interviewt.
Short Selling Activities And Convertible Bond Arbitrage
DOWNLOAD eBooks
Author : Sebastian P. Werner
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-12-01
Short Selling Activities And Convertible Bond Arbitrage written by Sebastian P. Werner and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Business & Economics categories.
Sebastian Werner examines aggregate short sales and convertible bond arbitrage, which is a typical hedge fund strategy that involves a significant short position in the underlying stock of a long convertible bond position for hedging purposes. He provides insightful and new observations of the significant difference in the trading pattern, information content and resulting impact on stock returns of arbitrage- versus valuation-based short selling activities.
The Convertible Arbitrage Strategy Analyzed
DOWNLOAD eBooks
Author : Igor Lončarski
language : en
Publisher:
Release Date : 2006
The Convertible Arbitrage Strategy Analyzed written by Igor Lončarski and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
The Handbook Of Fixed Income Securities Chapter 60 Convertible Securities And Their Valuation
DOWNLOAD eBooks
Author : Frank Fabozzi
language : en
Publisher: McGraw Hill Professional
Release Date : 2005-04-15
The Handbook Of Fixed Income Securities Chapter 60 Convertible Securities And Their Valuation written by Frank Fabozzi and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-04-15 with Business & Economics categories.
From The Handbook of Fixed Income Securities--the most authoritative, widely read reference in the global fixed income marketplace--comes this sample chapter. This comprehensive survey of current knowledge features contributions from leading academics and practitioners and is not equaled by any other single sourcebook. Now, the thoroughly revised and updated seventh edition gives you the facts and formulas you need to compete in today's transformed marketplace. It places increased emphasis on applications, electronic trading, and global portfolio management.
Arbitrage
DOWNLOAD eBooks
Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-02-02
Arbitrage written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-02 with Business & Economics categories.
What is Arbitrage In the fields of economics and finance, arbitrage refers to the technique of taking advantage of a discrepancy in pricing in two or more markets by striking a combination of matching agreements in order to capitalize on the difference. The profit results from the difference between the market prices at which the unit is traded. A transaction is considered to be an arbitrage when it is employed by academics. An arbitrage is a transaction that does not include a negative cash flow at any probabilistic or temporal state and a positive cash flow in at least one state. To put it another way, it is the potential of a risk-free profit after consideration of transaction costs. When there is the prospect of quickly purchasing something at a low price and then selling it at a higher price, for instance, this is an example of an arbitrage opportunity. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Arbitrage Chapter 2: Derivative (finance) Chapter 3: Long-Term Capital Management Chapter 4: Bond (finance) Chapter 5: Futures contract Chapter 6: Equity derivative Chapter 7: Hedge (finance) Chapter 8: Convertible bond Chapter 9: Fixed income Chapter 10: Rational pricing Chapter 11: Convertible security Chapter 12: Corporate bond Chapter 13: Risk arbitrage Chapter 14: Convertible arbitrage Chapter 15: Fixed income arbitrage Chapter 16: Dual-listed company Chapter 17: Limits to arbitrage Chapter 18: Big Mac Index Chapter 19: Reverse convertible securities Chapter 20: Replicating portfolio Chapter 21: Convergence trade (II) Answering the public top questions about arbitrage. (III) Real world examples for the usage of arbitrage in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Arbitrage.
Beating The Indexes
DOWNLOAD eBooks
Author : Bill Feingold
language : en
Publisher: FT Press
Release Date : 2012-04-24
Beating The Indexes written by Bill Feingold and has been published by FT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04-24 with Business & Economics categories.
You can beat the market by avoiding risk-averse, career-protecting investment managers and index-based strategies that are perfectly satisfied with mediocrity. Fact is, as indexing and quasi-indexing have become more prevalent, the dangers of these strategies have become more pronounced: a bias toward overvalued, overgrown, large-cap stocks likely to hit long periods of underperformance. But there’s good news: If you’re willing to invest a bit more of your own time, you have a much better chance of beating the pros than they want you to think. In Beating the Indexes, leading trader and Minyanville columnist Bill Feingold shows you how to systematically exploit the biases and mediocrity of index investors, and continuously make winning investments. Writing for individual investors as well as professional advisors and money managers, Feingold introduces a more profitable set of investing strategies based on convertible bonds and related alternative investments. In this surprisingly readable (even fun to read) book, each chapter exposes one index investing myth – and presents a powerful strategy for beating investors who still buy into it. If you’re tired of minimal returns that disappear with the slightest market volatility, this is the book you’ve been searching for.
The Handbook Of Convertible Bonds
DOWNLOAD eBooks
Author : Jan De Spiegeleer
language : en
Publisher: John Wiley & Sons
Release Date : 2011-07-07
The Handbook Of Convertible Bonds written by Jan De Spiegeleer and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-07 with Business & Economics categories.
This is a complete guide to the pricing and risk management of convertible bond portfolios. Convertible bonds can be complex because they have both equity and debt like features and new market entrants will usually find that they have either a knowledge of fixed income mathematics or of equity derivatives and therefore have no idea how to incorporate credit and equity together into their existing pricing tools. Part I of the book covers the impact that the 2008 credit crunch has had on the markets, it then shows how to build up a convertible bond and introduces the reader to the traditional convertible vocabulary of yield to put, premium, conversion ratio, delta, gamma, vega and parity. The market of stock borrowing and lending will also be covered in detail. Using an intuitive approach based on the Jensen inequality, the authors will also show the advantages of using a hybrid to add value - pre 2008, many investors labelled convertible bonds as 'investing with no downside', there are of course plenty of 2008 examples to prove that they were wrong. The authors then go onto give a complete explanation of the different features that can be embedded in convertible bond. Part II shows readers how to price convertibles. It covers the different parameters used in valuation models: credit spreads, volatility, interest rates and borrow fees and Maturity. Part III covers investment strategies for equity, fixed income and hedge fund investors and includes dynamic hedging and convertible arbitrage. Part IV explains the all important risk management part of the process in detail. This is a highly practical book, all products priced are real world examples and numerical examples are not limited to hypothetical convertibles. It is a must read for anyone wanting to safely get into this highly liquid, high return market.
Convertible Arbitrage Complete Self Assessment Guide
DOWNLOAD eBooks
Author : Gerardus Blokdyk
language : en
Publisher:
Release Date :
Convertible Arbitrage Complete Self Assessment Guide written by Gerardus Blokdyk and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Risk Arbitrage
DOWNLOAD eBooks
Author : Keith M. Moore
language : en
Publisher: John Wiley & Sons
Release Date : 1999-09-06
Risk Arbitrage written by Keith M. Moore and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-09-06 with Business & Economics categories.
Moore arms you with the full complement of sophisticated risk arbitrage techniques with which he has consistently realized substantial returns for his clients and himself."--BOOK JACKET.