Portable Alpha Theory and Practice: What Investors Really Need to Know

3 avg rating
( 3 ratings by Goodreads )
 
9780470118085: Portable Alpha Theory and Practice: What Investors Really Need to Know

As an original innovator of the portable alpha concept, PIMCO has been managing an increasing number of different portable alpha strategies for investors since 1986. And now, with Portable Alpha Theory and Practice, the PIMCO team shares their extensive experiences with you. Filled with in-depth insights and expert guidance, this reliable resource provides an informative look at portable alpha and key related concepts, as well as detailed discussion on the many ways it can be applied in real-world situations.

"synopsis" may belong to another edition of this title.

From the Inside Flap:

While portable alpha strategies have been around for over twenty years, the recent increase in investor risk tolerance and an associated focus on strategies with high return potential, combined with comfort in using derivatives, has contributed to a proliferation of portable alpha strategies and related services. Compared to traditional investment options, many portable alpha structures are considerably more complex—but they can also be very powerful and well worth the extra time and effort involved in understanding them.

As an original innovator of the concept, PIMCO has been managing an increasing number of different portable alpha strategies for investors since 1986. And now, with Portable Alpha Theory and Practice, the PIMCO team shares their extensive experiences with you.

Filled with in-depth insights and expert guidance, this reliable resource puts portable alpha in perspective from the standpoint of investors. Opening with an informative overview of portable alpha and key related concepts, this book moves on to detail the theory behind this discipline and different ways it can be applied in real-world situations. Chapter by chapter, you'll become familiar with the benefits and costs associated with portable alpha, as well as:

  • The essential aspects of and approaches to its implementation

  • Available global sources of (portable) alpha—from equities and fixed income to hedge funds

  • The increasingly associated topic of liability- driven investing (LDI)

  • Derivatives-based beta management

  • The myths and realities surrounding alpha and beta

  • Related considerations for asset allocation, risk budgeting, and benchmarking

  • The crucial role of risk measurement and management

In addition to the overriding themes regarding the link between return and risk, and the benefits of diversification presented throughout the book, there are some additional concepts that are also addressed—including the practice of borrowing to achieve higher returns and the role of leverage as it applies to your investment activities.

The idea that portable alpha strategies may provide a solution that enables you to meet or exceed return targets is certainly appealing, as are the potentially powerful diversification benefits. But, as is the case with investing in general, it is important to first develop a comprehensive understanding of the many principles as well as the potential risks that underlie portable alpha strategies—and with this book as your guide, you'll quickly discover how.

From the Back Cover:

Praise for Portable Alpha Theory and Practice

"Sabrina Callin and her colleagues have written a concise and engaging book that captures the key values and the pitfalls of what has come to be known as portable alpha. For those who wish to participate in modern finance, this book is a most instructive read."
Alan Greenspan, former Federal Reserve Chairman and President of Greenspan Associates LLC

"Modern capital theory argued that (1) risk can be quantified; (2) an asset's risk history gave us useful information about its future; and (3) portfolio risk related in a simple, meaningful way to the risk in its assets. In the new world of porting is modern capital theory obsolete? Read this important book to find out."
Jack L. Treynor, author, Treynor on Institutional Investing

"This book is a beautiful combination of theory and practice with due consider-ation of the 'true costs, risks, and skills' necessary to succeed in the use of portable alpha techniques."
Harry Markowitz, Nobel Prize Laureate in Economics, 1990

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Sabrina Callin
Published by Wiley (2008)
ISBN 10: 0470118083 ISBN 13: 9780470118085
New Hardcover First Edition Quantity Available: 1
Seller:
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description Wiley, 2008. Hardcover. Book Condition: New. book. Bookseller Inventory # M0470118083

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 20.14
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

2.

Callin, Sabrina C.
Published by John Wiley & Sons, Inc, Hoboken, NJ (2008)
ISBN 10: 0470118083 ISBN 13: 9780470118085
New Hardcover First Edition Quantity Available: 1
Seller:
CCM Book Loft
(Media, PA, U.S.A.)
Rating
[?]

Book Description John Wiley & Sons, Inc, Hoboken, NJ, 2008. Hard Cover. Book Condition: Brand New. Dust Jacket Condition: As New. First Edition. Hardcover/ DJ (w/ price $85.00); Brand New condition. C. 2008, First Edition, 1st printing per no. line. DJ clean, glossy, unmarred. NO remainder mark. Gray board binding is tight, clean, square, unmarred. Silver spine lettering crisp & intact. Text is tight, clean, unmarked. Unread, unused. ***Reliable, fast! (68ah). Bookseller Inventory # 008528

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 29.95
Convert Currency

Add to Basket

Shipping: US$ 3.95
Within U.S.A.
Destination, Rates & Speeds

3.

Callin, Sabrina
Published by Wiley (2008)
ISBN 10: 0470118083 ISBN 13: 9780470118085
New Hardcover Quantity Available: 2
Seller:
Murray Media
(North Miami Beach, FL, U.S.A.)
Rating
[?]

Book Description Wiley, 2008. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # P110470118083

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 40.83
Convert Currency

Add to Basket

Shipping: US$ 1.99
Within U.S.A.
Destination, Rates & Speeds

4.

Callin, Sabrina
Published by Wiley
ISBN 10: 0470118083 ISBN 13: 9780470118085
New Hardcover Quantity Available: 1
Seller:
ACJBooks
(Staten Island, NY, U.S.A.)
Rating
[?]

Book Description Wiley. Hardcover. Book Condition: New. 0470118083 This is a hardcover book with dust jacket. !!!!This is a 1st Edition!!!!!. Bookseller Inventory # LA.238.30

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 45.45
Convert Currency

Add to Basket

Shipping: US$ 5.99
Within U.S.A.
Destination, Rates & Speeds

5.

Sabrina Callin
Published by John Wiley and Sons
ISBN 10: 0470118083 ISBN 13: 9780470118085
New Quantity Available: > 20
Seller:
INDOO
(Avenel, NJ, U.S.A.)
Rating
[?]

Book Description John Wiley and Sons. Book Condition: New. Brand New. Bookseller Inventory # 0470118083

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 48.67
Convert Currency

Add to Basket

Shipping: US$ 3.50
Within U.S.A.
Destination, Rates & Speeds

6.

Callin, Sabrina
Published by Wiley
ISBN 10: 0470118083 ISBN 13: 9780470118085
New Hardcover Quantity Available: 1
Seller:
Cloud 9 Books
(Wellington, FL, U.S.A.)
Rating
[?]

Book Description Wiley. Hardcover. Book Condition: New. 0470118083 New Condition. Bookseller Inventory # NEW7.0175777

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 59.99
Convert Currency

Add to Basket

Shipping: US$ 4.99
Within U.S.A.
Destination, Rates & Speeds

7.

Sabrina Callin
Published by John Wiley and Sons Ltd, United Kingdom (2008)
ISBN 10: 0470118083 ISBN 13: 9780470118085
New Hardcover First Edition Quantity Available: 10
Seller:
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2008. Hardback. Book Condition: New. 1. Auflage. Language: English . Brand New Book. As an original innovator of the portable alpha concept, PIMCO has been managing an increasing number of different portable alpha strategies for investors since 1986. And now, with Portable Alpha Theory and Practice, the PIMCO team shares their extensive experiences with you. Filled with in-depth insights and expert guidance, this reliable resource provides an informative look at portable alpha and key related concepts, as well as detailed discussion on the many ways it can be applied in real-world situations. Bookseller Inventory # BZV9780470118085

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 73.68
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Sabrina Callin
Published by John Wiley and Sons Ltd, United Kingdom (2008)
ISBN 10: 0470118083 ISBN 13: 9780470118085
New Hardcover First Edition Quantity Available: 10
Seller:
Book Depository hard to find
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2008. Hardback. Book Condition: New. 1. Auflage. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. As an original innovator of the portable alpha concept, PIMCO has been managing an increasing number of different portable alpha strategies for investors since 1986. And now, with Portable Alpha Theory and Practice, the PIMCO team shares their extensive experiences with you. Filled with in-depth insights and expert guidance, this reliable resource provides an informative look at portable alpha and key related concepts, as well as detailed discussion on the many ways it can be applied in real-world situations. Bookseller Inventory # BZV9780470118085

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 74.34
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

9.

Sabrina Callin
Published by John Wiley and Sons Ltd, United Kingdom (2008)
ISBN 10: 0470118083 ISBN 13: 9780470118085
New Hardcover First Edition Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2008. Hardback. Book Condition: New. 1. Auflage. Language: English . Brand New Book. As an original innovator of the portable alpha concept, PIMCO has been managing an increasing number of different portable alpha strategies for investors since 1986. And now, with Portable Alpha Theory and Practice, the PIMCO team shares their extensive experiences with you. Filled with in-depth insights and expert guidance, this reliable resource provides an informative look at portable alpha and key related concepts, as well as detailed discussion on the many ways it can be applied in real-world situations. Bookseller Inventory # AAH9780470118085

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 80.60
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

10.

Sabrina Callin
Published by John Wiley and#38; Sons (2008)
ISBN 10: 0470118083 ISBN 13: 9780470118085
New Quantity Available: 1
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description John Wiley and#38; Sons, 2008. HRD. Book Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Bookseller Inventory # FW-9780470118085

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 70.47
Convert Currency

Add to Basket

Shipping: US$ 11.85
From United Kingdom to U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book