ISBN: 978-1-118-25096-9
896 pages
PART ONE Introductionto Alternative Investments 1
CHAPTER 1 What Is an Alternative Investment? 3
CHAPTER 2 The Environment of Alternative Investments 21
CHAPTER 3 Statistical Foundations 41
CHAPTER 4 Risk, Return, and Benchmarking 79
CHAPTER 5 Correlation, Alternative Returns, and PerformanceMeasurement 109
CHAPTER 6 Alpha and Beta 147
CHAPTER 7 Hypothesis Testing in Alternative Investments 169
PART TWO RealAssets 201
CHAPTER 8 Land, Infrastructure, and Intangible Real Assets203
CHAPTER 9 Real Estate Fixed-Income Investments 233
CHAPTER 10 Real Estate Equity Investments 261
PART THREE HedgeFunds 293
CHAPTER 11 Introduction to Hedge Funds 295
CHAPTER 12 Hedge Fund Returns and Asset Allocation 317
CHAPTER 13 Macro and Managed Futures Funds 345
CHAPTER 14 Event-Driven Hedge Funds 381
CHAPTER 15 Relative Value Hedge Funds 417
CHAPTER 16 Equity Hedge Funds 461
CHAPTER 17 Funds of Hedge Funds 495
PART FOURCommodities 523
CHAPTER 18 Commodity Futures Pricing 525
CHAPTER 19 Commodities: Applications and Evidence 551
PART FIVE PrivateEquity 579
CHAPTER 20 Introduction to Private Equity 581
CHAPTER 21 Equity Types of Private Equity 599
CHAPTER 22 Debt Types of Private Equity 625
PART SIXStructured Products 639
CHAPTER 23 Credit Risk and the Structuring of Cash Flows 641
CHAPTER 24 Credit Derivatives 667
CHAPTER 25 Collateralized Debt Obligations 685
PART SEVEN RiskManagement and Portfolio Management 709
CHAPTER 26 Lessons from Hedge Fund Failures 711
CHAPTER 27 Risk Analysis 729
CHAPTER 28 Due Diligence of Fund Managers 747
CHAPTER 29 Regression, Multivariate, and Nonlinear Methods777
CHAPTER 30 Portfolio Optimization and Risk Parity 795
CHAPTER 31 Portfolio Management, Alpha, and Beta 819