Mastering Illiquidity
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Mastering Illiquidity
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Author : Thomas Meyer
language : en
Publisher: John Wiley & Sons
Release Date : 2013-04-18
Mastering Illiquidity written by Thomas Meyer 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 2013-04-18 with Business & Economics categories.
Arms investors with powerful new tools for measuring and managing the risks associated with the various illiquid asset classes With risk-free interest rates and risk premiums at record lows, many investors are turning to illiquid assets, such as real estate, private equity, infrastructure and timber, in search of superior returns and greater portfolio diversity. But as many analysts, investors and wealth managers are discovering, such investments bring with them a unique set of risks that cannot be measured by standard asset allocation models. Written by a dream team of globally renowned experts in the field, this book provides a clear, accessible overview of illiquid fund investments, focusing on what the main risks of these asset classes are and how to measure those risks in today's regulatory environment. Provides solutions for institutional investors in need of guidance in today's regulatory environment Offers detailed descriptions of risk measurement in illiquid asset classes, illustrated with real life case studies Helps you to develop reliable risk management tools while complying with the regulations designed to contain the individual and systemic risks arising from illiquid investments Features real-life case studies that capture an array of risk management scenarios you are likely to encounter
Financial Resilience Mastering Liquidity And Balance Sheet Management In A Dynamic Market
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Author : Padmini Rajendra Bulani Bulani Prof Vinay Rishiwal
language : en
Publisher: DeepMisti Publication
Release Date : 2025-01-15
Financial Resilience Mastering Liquidity And Balance Sheet Management In A Dynamic Market written by Padmini Rajendra Bulani Bulani Prof Vinay Rishiwal and has been published by DeepMisti Publication this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-01-15 with Computers categories.
In an increasingly complex and interconnected world, financial resilience has become a cornerstone of sustainable success for individuals, businesses, and institutions alike. Whether navigating volatile markets, responding to economic disruptions, or preparing for the next opportunity, mastering liquidity and balance-sheet management is no longer a specialized skill—it is a fundamental necessity. Financial Resilience: Mastering Liquidity and Balance-Sheet Management in a Dynamic Market seeks to equip readers with the knowledge, tools, and strategies needed to thrive in an environment of constant change. This book explores the interplay of liquidity, capital structure, and risk management, offering actionable insights for those tasked with safeguarding and optimizing financial health. The impetus for writing this book comes from a convergence of critical developments in global finance. Economic shocks, geopolitical uncertainties, and the rapid pace of technological advancement have underscored the importance of sound financial practices. At the same time, traditional approaches to balance-sheet management are being challenged by new paradigms, including sustainability considerations and the rise of decentralized finance. Against this backdrop, there is a pressing need for guidance that bridges foundational principles with contemporary innovations. This book is organized to serve a diverse audience, from seasoned finance professionals and corporate leaders to entrepreneurs and students eager to build a solid understanding of liquidity and balance-sheet dynamics. Each chapter blends theory with real-world applications, drawing on case studies, industry best practices, and the latest research. Whether your goal is to improve cash flow management, optimize capital allocation, or navigate regulatory landscapes, the insights in this book are designed to be both practical and transformative. Ultimately, financial resilience is not just about survival—it is about positioning oneself or one's organization to seize opportunities amidst uncertainty. By mastering liquidity and balance-sheet management, you can build a foundation for enduring success, no matter how dynamic the market becomes. As you embark on this journey, I encourage you to approach the content with curiosity and an open mind. The strategies and principles discussed here are not rigid formulas but adaptable tools. Financial resilience, after all, is as much about innovation and foresight as it is about discipline and precision. Thank you for choosing this book as your guide. May it inspire you to navigate the financial landscape with confidence, agility, and resilience. Authors
The Art Of Commitment Pacing
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Author : Thomas Meyer
language : en
Publisher: John Wiley & Sons
Release Date : 2024-05-31
The Art Of Commitment Pacing written by Thomas Meyer 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 2024-05-31 with Business & Economics categories.
Advanced guidance for institutional investors, academics, and researchers on how to manage a portfolio of private capital funds The Art of Commitment Pacing: Engineering Allocations to Private Capital provides a much-needed analysis of the issues that face investors as they incorporate closed ended-funds targeting illiquid private assets (such as private equity, private debt, infrastructure, real estate) into their portfolios. These private capital funds, once considered "alternative" and viewed as experimental, are becoming an increasingly standard component of institutional asset allocations. However, many investors still follow management approaches that remain anchored in the portfolio theory for liquid assets but that often lead to disappointing results when applied to portfolios of private capital funds where practically investors remain committed over nearly a decade. When planning for such commitments, investment managers and researchers are faced with practical questions such as: How to measure and control the real exposure to private assets? How to forecast cash-flows for commitments to private capital funds? What ranges for their returns and lifetime are realistic, and how can the investor’s skill be factored in? Over which dimensions should a portfolio be diversified and how much diversification is enough? How can the impact of co-investments or secondaries be modelled? How to design pacing plans that lead to resilient and efficient portfolios? What stress scenarios should be considered and how can they be applied? These are just examples of the many questions for which answers are provided. The Art of Commitment Pacing describes established and new methodologies for building up and controlling allocations to such investments. This book offers a systematic approach for building up and controlling allocations to such investments. The Art of Commitment Pacing is a valuable addition to the libraries of investment managers, as well as portfolio and risk managers involved in institutional investment. The book will also be of interest to advanced students of finance, researchers, and other practitioners who require a detailed understanding of forecasting and portfolio management methodologies.
Alternative Investments
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Author : CAIA Association
language : en
Publisher: John Wiley & Sons
Release Date : 2016-09-22
Alternative Investments written by CAIA Association 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 2016-09-22 with Study Aids categories.
In-depth Level II exam preparation direct from the CAIA Association CAIA Level II is the official study guide for the Chartered Alternative Investment Analyst professional examination, and an authoritative guide to working in the alternative investment sphere. Written by the makers of the exam, this book provides in-depth guidance through the entire exam agenda; the Level II strategies are the same as Level I, but this time you'll review them through the lens of risk management and portfolio optimisation. Topics include asset allocation and portfolio oversight, style analysis, risk management, alternative asset securitisation, secondary market creation, performance and style attribution and indexing and benchmarking, with clear organisation and a logical progression that allows you to customise your preparation focus. This new third edition has been updated to align with the latest exam, and to reflect the current practices in the field. The CAIA designation was developed to provide a standardized knowledge base in the midst of explosive capital inflow into alternative investments. This book provides a single-source repository of that essential information, tailored to those preparing for the Level II exam. Measure, monitor and manage funds from a risk management perspective Delve into advanced portfolio structures and optimisation strategies Master the nuances of private equity, real assets, commodities and hedge funds Gain expert insight into preparing thoroughly for the CAIA Level II exam The CAIA Charter programme is rigorous and comprehensive, and the designation is globally recognised as the highest standard in alternative investment education. Candidates seeking thorough preparation and detailed explanations of all aspects of alternative investment need look no further than CAIA Level II.
Private Equity
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Author : Harold Kent Baker
language : en
Publisher:
Release Date : 2015
Private Equity written by Harold Kent Baker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.
During the past few decades, private equity (PE) has attracted considerable attention from investors, practitioners, and academicians. In fact, a substantial literature on PE has emerged. PE offers benefits for institutional and private wealth management clients including diversification and enhancement of risk-adjusted returns. However, several factors such as liquidity concerns, regulatory restrictions, and the lack of transparency limit the attractiveness of some PE options to investors. The latest volume in the Financial Markets and Investments Series, Private Equity: Opportunities and Risks offers a synthesis of the theoretical and empirical literature on PE in both emerging and developed markets. Editors H. Kent Baker, Greg Filbeck, Halil Kiymaz and their co-authors examine PE and provide important insights about topics such as major types of PE (venture capital, leveraged buyouts, mezzanine capital, and distressed debt investments), how PE works, performance and measurement, uses and structure, and trends in the market. Readers can gain an in-depth understanding about PE from academics and practitioners from around the world. Private Equity: Opportunities and Risks provides a fresh look at the intriguing yet complex subject of PE. A group of experts takes readers through the core topics and issues of PE, and also examines the latest trends and cutting-edge developments in the field. The coverage extends from discussing basic concepts and their application to increasingly complex and real-world situations. This new and intriguing examination of PE is essential reading for anyone hoping to gain a better understanding of PE, from seasoned professionals to those aspiring to enter the demanding world of finance.
Mastering Financial Calculations
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Author : Bob Steiner
language : en
Publisher: Pearson UK
Release Date : 2012-10-12
Mastering Financial Calculations written by Bob Steiner and has been published by Pearson UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-12 with Education categories.
Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields, and cash flow analysis. Next, walk step-by-step through the essential calculations and financial techniques behind money markets and futures, zero-coupon analysis, interest rate and currency swaps, bonds, foreign exchange, options, and more. Making use of many worked examples and practical exercises, the book explains challenging concepts such as forward pricing, duration analysis, swap valuation, and option pricing - all with exceptional clarity. Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager, or market student, you'll gain the ability to manipulate and apply these techniques with speed and confidence. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.
Private Equity Fund Investments
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Author : Cyril Demaria
language : en
Publisher: Springer
Release Date : 2015-04-30
Private Equity Fund Investments written by Cyril Demaria and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-30 with Business & Economics categories.
This book presents new, advanced, evidence-based guidance on investing in private equity funds: first by assessing the investor's environment and motivations, then by looking into the risks, returns and overall performance of funds and finally, by offering practical solutions to the illiquidity conundrum.
Private Equity Unchained
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Author : T. Meyer
language : en
Publisher: Springer
Release Date : 2014-09-10
Private Equity Unchained written by T. Meyer and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-10 with Business & Economics categories.
There are significant returns to be made from private equity, infrastructure, real estate and other illiquid investments, but a competitive strategy is essential for investment success and for meeting objectives. This book takes readers through all the considerations of planning and implementing an investment strategy in illiquid investments.
Private Equity Compliance
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Author : Jason A. Scharfman
language : en
Publisher: John Wiley & Sons
Release Date : 2018-09-10
Private Equity Compliance written by Jason A. Scharfman 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 2018-09-10 with Business & Economics categories.
Develop and manage a private equity compliance program Compliance has become one of the fastest-growing areas in the private equity (PE) space. Mirroring trends from the hedge fund industry, recent surveys indicate that PE managers rank compliance as the single most challenging aspect of their business. Reports also indicate that PE compliance spending has rapidly outpaced other PE operating costs with recent estimates indicating that individual PE funds on average spend at least 15 - 20% of their operating budgets on this area. General Partners (GPs) have also significantly ramped up the hiring of private equity compliance related roles. Private Equity Compliance provides current and practical guidance on key private equity (PE) compliance challenges and trends. Packed with detailed, practical guidance on developing and managing a private equity compliance program, it offers up-to-date case studies and an analysis of critical regulatory enforcement actions on private equity funds in areas including conflict of interest, fees, expenses, LP fun raising disclosures, and valuations. • Provides real-world compliance guidance • Offers information that is tailored to the current compliance practices employed by GPs in the private equity industry. • Provides guidance on managing the compliance risks associated with cybersecurity and information technology risk • Serves as a PE-focused complement to the author's previous book, Hedge Fund Compliance If you’re a private equity investor or compliance officer looking for trusted guidance on analyzing conflicts, fees, and risks, this is one reference you can’t be without.
Introduction To Private Equity Debt And Real Assets
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Author : Cyril Demaria
language : en
Publisher: John Wiley & Sons
Release Date : 2020-06-15
Introduction To Private Equity Debt And Real Assets written by Cyril Demaria 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 2020-06-15 with Business & Economics categories.
Fully revised and updated to reflect changes in the private equity sector Building on and refining the content of previous editions, Introduction to Private Equity, Debt and Real Assets, Third Edition adopts the same logical, systematic, factual and long-term perspective on private markets (private equity, private debt and private real assets) combining academic rigour with extensive practical experience. The content has been fully revised to reflect developments and innovations in private markets, exploring new strategies, changes in structuring and the drive of new regulations. New sections have been added, covering fund raising and fund analysis, portfolio construction and risk measurement, as well as liquidity and start-up analysis. In addition, private debt and private real assets are given greater focus, with two new chapters analysing the current state of these evolving sectors. • Reflects the dramatic changes that have affected the private market industry, which is evolving rapidly, internationalizing and maturing fast • Provides a clear, synthetic and critical perspective of the industry from a professional who has worked at many levels within the industry • Approaches the private markets sector top-down, to provide a sense of its evolution and how the current situation has been built • Details the interrelations between investors, funds, fund managers and entrepreneurs This book provides a balanced perspective on the corporate governance challenges affecting the industry and draws perspectives on the evolution of the sector.