Handbook of Alternative Assets, 2nd Edition

ISBN: 9780471980209

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Since the first edition of the Handbook of Alternative Assets was published, significant events-from the popping of the technology bubble and massive accounting scandals to recessions and bear markets-have shifted the financial landscape. These changes have provided author Mark J. P. Anson with an excellent opportunity to examine alternative assets during a different part of the economic cycle than previously observed in the first edition.

Fully revised and updated to reflect today’s financial realities, the Handbook of Alternative Assets, Second Edition covers the five major classes of alternative assets-hedge funds, commodity and managed futures, private equity, credit derivatives, and corporate governance-and outlines the strategies you can use to efficiently incorporate these assets into any portfolio. Throughout the book, new chapters have been added, different data sources accessed, and new conclusions reached.

Designed as both an introduction to the world of alternative assets and as a reference for the active investor, the Handbook of Alternative Assets, Second Edition will help you match alternative assets with your various investment goals.


Mark J. P. Anson
PART ONE: Overview of Alternative Assets
CHAPTER 1. What Is an Alternative Asset Class?
CHAPTER 2. Why Alternative Assets Are Important: Beta Drivers and Alpha Drivers

PART TWO: Hedge Funds
CHAPTER 3. Introduction to Hedge Funds
CHAPTER 4. Establishing a Hedge Fund Investment Program
CHAPTER 5. Due Diligence for Hedge Fund Managers
CHAPTER 6. Risk Management Part I: Hedge Fund Return Distributions
CHAPTER 7. Risk Management Part II: Additional Hedge Fund Risks
CHAPTER 8. Regulation of Hedge Funds
CHAPTER 9. Hedge Fund Benchmarks and Asset Allocation
CHAPTER 10. Hedge Fund Incentive Fees and the “Free Option”
CHAPTER 11. Top Ten Hedge Fund Quotes

PART THREE: Commodities and Managed Futures
CHAPTER 12. Introduction to Commodities
CHAPTER 13. Investing in Commodity Futures
CHAPTER 14. Commodity Futures in a Portfolio Context
CHAPTER 15. Managed Futures

PART FOUR: Private Equity
CHAPTER 16. Introduction to Venture Capital
CHAPTER 17. Introduction to Leveraged Buyouts
CHAPTER 18. Debt as Private Equity Part I: Mezzanine Debt
CHAPTER 19. Debt as Private Equity Part II: Distressed Debt
CHAPTER 20. The Economics of Private Equity
CHAPTER 21. Performance Measurement for Private Equity
CHAPTER 22. Trends in Private Equity

PART FIVE: Credit Derivatives
CHAPTER 23. Introduction to Credit Derivatives
CHAPTER 24. Collateralized Debt Obligations
CHAPTER 25. Collateralized Fund Obligations: Intersection of Credit Derivative Market and Hedge Fund World

PART SIX: Corporate Governance
CHAPTER 26. Corporate Governance as an Alternative Investment Strategy

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Textbook: 9780471980209