Bøger i Wiley Finance serien

An authoritative resource for the wealth management industry that bridges the gap between modern perspectives on asset allocation and practical implementationAn advanced yet practical dive into the world of asset allocation, Modern Asset Allocation for Wealth Management provides the knowledge financial advisors and their robo-advisor counterparts need to reclaim ownership of the asset allocation component of their fiduciary responsibility. Wealth management practitioners are commonly taught the traditional mean-variance approach in CFA and similar curricula, a method with increasingly limited applicability given the evolution of investment products and our understanding of real-world client preferences. Additionally, financial advisors and researchers typically receive little to no training on how to implement a robust asset allocation framework, a conceptually simple yet practically very challenging task. This timely book offers professional wealth managers and researchers an up-to-date and implementable toolset for managing client portfolios.The information presented in this book far exceeds the basic models and heuristics most commonly used today, presenting advances in asset allocation that have been isolated to academic and institutional portfolio management settings until now, while simultaneously providing a clear framework that advisors can immediately deploy. This rigorous manuscript covers all aspects of creating client portfolios: setting client risk preferences, deciding which assets to include in the portfolio mix, forecasting future asset performance, and running an optimization to set a final allocation. An important resource for all wealth management fiduciaries, this book enables readers to:* Implement a rigorous yet streamlined asset allocation framework that they can stand behind with conviction* Deploy both neo-classical and behavioral elements of client preferences to more accurately establish a client risk profile* Incorporate client financial goals into the asset allocation process systematically and precisely with a simple balance sheet model* Create a systematic framework for justifying which assets should be included in client portfolios* Build capital market assumptions from historical data via a statistically sound and intuitive process* Run optimization methods that respect complex client preferences and real-world asset characteristicsModern Asset Allocation for Wealth Management is ideal for practicing financial advisors and researchers in both traditional and robo-advisor settings, as well as advanced undergraduate and graduate courses on asset allocation.

A practitioner's guide to finding alpha in fixed income trading in emerging marketsEmerging fixed income markets are both large and fast growing. China, currently the second largest economy in the world, is predicted to overtake the United States by 2030. Chinese fixed income markets are worth more than $11 trillion USD and are being added to global fixed income indices starting in 2019. Access for foreigners to the Indian fixed income market, valued at almost 1trn USD, is also becoming easier - a trend repeated in emerging markets around the world. The move to include large Emerging Market (EM) fixed income markets into non-EM benchmarks requires non-EM specialists to understand EM fixed income. Trading Fixed Income in Emerging Markets examines the principle drivers for EM fixed income investing. This timely guide suggests a more systematic approach to EM fixed income trading with a focus on practical trading rules on how to generate alpha, assisting EM practitioners to limit market-share losses to passive investment vehicles.The definitive text on trading EM fixed income, this book is heavily data-driven - every trading rule is thoroughly back-tested over the last 10+ years. Case studies help readers identify and benefit from market regularities, while discussions of the business cycle and typical EM events inform and optimise trading strategies. Topics include portfolio construction, how to apply ESG principles to EM and the future of EM investing in the realm of Big Data and machine learning. Written by practitioners for practitioners, this book:* Provides effective, immediately-accessible tools* Covers all three fixed income asset classes: EMFX, EM local rates and EM credit* Thoroughly analyses the impact of the global macro cycle on EM investing* Examines the influence of the financial rise of China and its fixed income markets* Includes case studies of trades that illustrate how markets typically behave in certain situationsThe first book of its kind, Trading Fixed Income in Emerging Markets: A Practitioner's Guide is an indispensable resource for EM fund managers, analysts and strategists, sell-side professionals in EM and non-EM specialists considering activity in emerging markets.

An industry-specific guide to the applications of Advanced Analytics and AI to the banking industryArtificial Intelligence (AI) technologies help organisations to get smarter and more effective over time - ultimately responding to, learning from and interacting with human voices. It is predicted that by 2025, half of all businesses will be using these intelligent, self-learning systems. Across its entire breadth and depth, the banking industry is at the forefront of investigating Advanced Analytics and AI technology for use in a broad range of applications, such as customer analytics and providing wealth advice for clients. AI and the Future of Banking provides new and established banking industry professionals with the essential information on the implications of data and analytics on their roles, responsibilities and personal career development.Unlike existing books on the subject which tend to be overly technical and complex, this accessible, reader-friendly guide is designed to be easily understood by any banking professional with limited or no IT background. Chapters focus on practical guidance on the use of analytics to improve operational effectiveness, customer retention and finance and risk management. Theory and published case studies are clearly explained, whilst considerations such as operating costs, regulation and market saturation are discussed in real-world context. Written by a recognised expert in AI and Advanced Analytics, this book:* Explores the numerous applications for Advanced Analytics and AI in various areas of banking and finance* Offers advice on the most effective ways to integrate AI into existing bank ecosystems* Suggests alternative and complementary visions for the future of banking, addressing issues like branch transformation, new models of universal banking and 'debranding'* Explains the concept of 'Open Banking,' which securely shares information without needing to reveal passwords* Addresses the development of leadership relative to AI adoption in the banking industryAI and the Future of Banking is an informative and up-to-date resource for bank executives and managers, new entrants to the banking industry, financial technology and financial services practitioners and students in postgraduate finance and banking courses.

The definitive guide on fund and asset managers worldwideFund Managers: The Complete Guide is an all-encompassing overview of fund and asset managers around the globe. The only comprehensive guide on the subject, this book covers both the fund manager and the market as a whole while providing insights from current and future fund managers and leaders in the technology industry from the UK, EU and US. Focused examination of the fund managers and their investors - the categories of manager, the asset classes they participate in, how they are using technology and their views on the market - complements a wider survey of the market that includes upcoming changes to regulation, taxation and political shifts in the Western world.The asset management industry continues to undergo significant changes that rise from the Global Financial Crisis and its recovery, the recent technology boom and political fluctuations that have altered the way business is conducted in financial markets around the world. Questions concerning China and Asia's rise, Trumpian influence in America and post-Brexit UK-EU relations underscore the contemporary relevance of Fund Managers: The Complete Guide to current and future discourse within the industry. This important volume:* Explains worldwide roles, purposes and operations of asset managers including how local culture influences their strategies* Examines different types of assets and asset-management strategies* Investigates the influence of macroeconomic and political factors such as governance and regulation, international taxation, anti-globalisation and populism* Illustrates the impact of technology and its disruptive products and players* Describes the different types of investor investing in the managers' funds and how they view the industry* Future-gazes over the ten years and beyond for the industryFund Managers: The Complete Guide is the authoritative resource for anyone who requires an overview of the asset management industry and up-to-date insights on current and future trends and practices. The book also complements the author's earlier work Funds: Private Equity, Hedge and All Core Structures.

An updated review of the theories and applications of corporate risk managementAfter the financial crisis of 2008, issues concerning corporate risk management arose that demand new levels of oversight. Corporate Risk Management is an important guide to the topic that puts the focus on the corporate finance dimension of risk management. The author--a noted expert on the topic--presents several theoretical models appropriate for various industries and empirically verifies theoretical propositions. The book also proposes statistical modeling that can evaluate the importance of different risks and their variations according to economic cycles.The book provides an analysis of default, liquidity, and operational risks as well as the failures of LTCM, ENRON, and financial institutions that occurred during the financial crisis. The author also explores Conditional Value at Risk (CVaR), which is central to the debate on the measurement of market risk under Basel III. This important book:* Includes a comprehensive review of the aspects of corporate risk management* Presents statistical modeling that addresses recent risk management issues* Contains an analysis of risk management failures that lead to the 2008 financial crisis* Offers a must-have resource from author Georges Dionne the former editor of The Journal of Risk and InsuranceCorporate Risk Management provides a modern empirical analysis of corporate risk management across industries. It is designed for use by risk management professionals, academics, and graduate students.

A thoroughly updated and expanded edition of the xVA challengeThe period since the global financial crisis has seen a major re-appraisal of derivatives valuation, generally expressed in the form of valuation adjustments ('xVAs'). The quantification of xVA is now seen as fundamental to derivatives pricing and valuation. The xVA topic has been complicated and further broadened by accounting standards and regulation. All users of derivatives need to have a good understanding of the implications of xVA. The pricing and valuation of the different xVA terms has become a much studied topic and many aspects are in constant debate both in industry and academia.* Discussing counterparty credit risk in detail, including the many risk mitigants, and how this leads to the different xVA terms* Explains why banks have undertaken a dramatic reappraisal of the assumptions they make when pricing, valuing and managing derivatives* Covers what the industry generally means by xVA and how it is used by banks, financial institutions and end-users of derivatives* Explains all of the underlying regulatory capital (e.g. SA-CCR, SA-CVA) and liquidity requirements (NSFR and LCR) and their impact on xVA* Underscores why banks have realised the significant impact that funding costs, collateral effects and capital charges have on valuation* Explains how the evolution of accounting standards to cover CVA, DVA, FVA and potentially other valuation adjustments* Explains all of the valuation adjustments - CVA, DVA, FVA, ColVA, MVA and KVA - in detail and how they fit together* Covers quantification of xVA terms by discussing modelling and implementation aspects.Taking into account the nature of the underlying market dynamics and new regulatory environment, this book brings readers up to speed on the latest developments on the topic.

As globalization is redefining the field of corporate finance, international finance is now part and parcel of the basic literacy of any financial executive. This is why International Corporate Finance is a "must" text for upper-undergraduates, MBAs aspiring to careers in global financial services and budding finance professionals.International Corporate Finance offers thorough coverage of the international monetary system, international financing, foreign exchange risk management and cross-border valuation. Additionally, the book offers keen insight on how disintermediation, deregulation and securitization are re-shaping global capital markets.What is different about International Corporate Finance?* Each chapter opens with a real-life mini-case to anchor theoretical concepts to managerial situations.* Provides simple decision rules and "how to do" answers to key managerial issues.* Cross-border Mergers & Acquisitions, Project Finance, Islamic Finance, Asian Banking & Finance are completely new chapters that no other textbooks currently cover.* Accompanied with a comprehensive instructor support package which includes case studies, an Instructor's Manual, PowerPoint slides, Multiple Choice Questions and more.

A hands-on guide to using Excel in the business contextFirst published in 2012, Using Excel for Business and Financial Modelling contains step-by-step instructions of how to solve common business problems using financial models, including downloadable Excel templates, a list of shortcuts and tons of practical tips and techniques you can apply straight away.Whilst there are many hundreds of tools, features and functions in Excel, this book focuses on the topics most relevant to finance professionals. It covers these features in detail from a practical perspective, but also puts them in context by applying them to practical examples in the real world. Learn to create financial models to help make business decisions whilst applying modelling best practice methodology, tools and techniques.* Provides the perfect mix of practice and theory* Helps you become a DIY Excel modelling specialist* Includes updates for Excel 2019/365 and Excel for Mac* May be used as an accompaniment to the author's online and face-to-face training coursesMany people are often overwhelmed by the hundreds of tools in Excel, and this book gives clarity to the ones you need to know in order to perform your job more efficiently. This book also demystifies the technical, design, logic and financial skills you need for business and financial modelling.

Focuses on the modeling aspects, implementation issues, and looks at which model to use for which product, how the mathematics behind them works and how to code it up efficiently. This book moves beyond using the basic Black Scholes equation to explain various products, pricing models and numerical techniques for implementing a pricing model.

A step-by-step, comprehensive approach to private equity and private debtPrivate Capital Investing: The Handbook of Private Debt and Private Equity is a practical manual on investing in the two of the most common alternative asset classes (private equity and private debt) and provides a unique insight on how principal investors analyze investment opportunities. Unlike other textbooks available in the market, Private Capital Investing covers the various phases that principal investors follow when analyzing a private investment opportunity.The book combines academic rigor with the practical approach used by leading institutional investors. Chapters are filled with practical examples, Excel workbooks (downloadable from the book website), examples of legal clauses and contracts, and Q&A. Cases are referred at the end of every chapter to test the learning of the reader. Instructors will find referrals to both third-party cases or cases written by the author.* Covers analytical tools* Includes the most common methods used to structure a debt facility and a private equity transaction* Looks at the main legal aspects of a transaction* Walks readers through the different phases of a transaction from origination to closingBridging the gap between academic study and practical application, Private Capital Investing enables the reader to be able to start working in private equity or private debt without the need for any further training. It is intended for undergraduates and MBA students, practitioners in the investment banking, consulting and private equity business with prior academic background in corporate finance and accounting.

Get to know the 'why' and 'how' of machine learning and big data in quantitative investmentBig Data and Machine Learning in Quantitative Investment is not just about demonstrating the maths or the coding. Instead, it's a book by practitioners for practitioners, covering the questions of why and how of applying machine learning and big data to quantitative finance.The book is split into 13 chapters, each of which is written by a different author on a specific case. The chapters are ordered according to the level of complexity; beginning with the big picture and taxonomy, moving onto practical applications of machine learning and finally finishing with innovative approaches using deep learning.* Gain a solid reason to use machine learning* Frame your question using financial markets laws* Know your data* Understand how machine learning is becoming ever more sophisticatedMachine learning and big data are not a magical solution, but appropriately applied, they are extremely effective tools for quantitative investment -- and this book shows you how.

Transform your approach to oprisk modelling with a proven, non-statistical methodologyOperational Risk Modeling in Financial Services provides risk professionals with a forward-looking approach to risk modelling, based on structured management judgement over obsolete statistical methods. Proven over a decade's use in significant banks and financial services firms in Europe and the US, the Exposure, Occurrence, Impact (XOI) method of operational risk modelling played an instrumental role in reshaping their oprisk modelling approaches; in this book, the expert team that developed this methodology offers practical, in-depth guidance on XOI use and applications for a variety of major risks.The Basel Committee has dismissed statistical approaches to risk modelling, leaving regulators and practitioners searching for the next generation of oprisk quantification. The XOI method is ideally suited to fulfil this need, as a calculated, coordinated, consistent approach designed to bridge the gap between risk quantification and risk management. This book details the XOI framework and provides essential guidance for practitioners looking to change the oprisk modelling paradigm.* Survey the range of current practices in operational risk analysis and modelling* Track recent regulatory trends including capital modelling, stress testing and more* Understand the XOI oprisk modelling method, and transition away from statistical approaches* Apply XOI to major operational risks, such as disasters, fraud, conduct, legal and cyber riskThe financial services industry is in dire need of a new standard -- a proven, transformational approach to operational risk that eliminates or mitigates the common issues with traditional approaches. Operational Risk Modeling in Financial Services provides practical, real-world guidance toward a more reliable methodology, shifting the conversation toward the future with a new kind of oprisk modelling.

Part One of the book will present the new features of the art market, in a world where HNWI (High Net Worth Individuals) have pushed prices to spectacular levels and Chinese nationals are representing a vibrant group of buyers. The role of auction houses, together with the burgeoning internet art market, will be discussed, as well as the growth of free ports around the world.Part Two will introduce some financial economics and behavioural concepts such as 'conspicuous consumption' or extensions of the 'convenience yield' defined for storable commodities. It will argue that the classical art indexes such as the Mei & Moses indexes fail to represent the unique features of the art market as an asset class. Alternative art indexes are proposed and used to compute the performance of investments in such families as Impressionists, Chinese paintings or female artwork.The last part of the book will be dedicated to other collectibles such as stamps, old cars, sculpture and compare them to other tangible assets such as vineyard land or prime property in 'alpha' cities.

Develop the skillset essential to successful securitisation swaps managementSecuritisation Swaps is a complete practitioner's guide to this unique and complex class of derivatives. This detailed examination follows the entire life cycle of securitisation swaps to give quants, structurers, traders, originators, issuers and lawyers a common reference for understanding their shared objective. Broad in scope to provide a common-ground perspective -- yet detailed enough to promote full understanding -- the discussion takes a distinctly cross-disciplinary approach that encompasses the multi-faceted knowledge base required to successfully execute these complex trades.Despite the fact that the size of the market is trillions of dollars in notional principal, securitisation swaps have thus far been neglected in both academic and practitioner literature. The numerous stakeholders that work together on these complex deals will all greatly benefit from a thorough understanding of their underlying risks and gain deep insight into the perspectives of each stakeholder. This invaluable guide provides multi-disciplinary insight that allows practitioners to:* Manage securitisation swaps more effectively, from pre-trade structuring and modelling to post-trade risk management and accounting* Understand the elements of securitisation and covered bonds, and how swaps mitigate risk in these types of transactions* Explore how securitisation swaps differ from other derivatives and delve into their three specific risk factors -- swap prepayment risk, swap extension risk and downgrade risk* Learn practical methods and strategies of risk management, accounting, pricing and transaction executionWhen securitisation trades go wrong, they become front-page news -- but when each participant understands accurate modelling, risk mitigation, optimal structuring, costs, pricing, commercial backgrounds and other integral practices, they are able to work together to achieve a shared objective. Securitisation Swaps provides the essential knowledge that streamlines and safeguards these important trades.

Determining the true value of a commercial property is essential in many circumstances, such as for investment or strategic purposes as well as for economic feasibility studies. Commercial Property Valuation offers a comprehensive guide that helps determine the Market Value of a property using logical, clear and mutually agreeable methods based on credible and objective data. Supported by a straightforward description of the economic characteristics of properties as well as of their risks, Commercial Property Valuation offers an approach to valuation that looks at each property as a company, whose value directly depends on the revenues deriving by the product offered to the marketplace - the use of space leased to tenants, and its related risk. Examples and case studies are also provided to support the theoretical base and to facilitate an immediate comprehension and application. Based on the authors combined professional and academic experience, Commercial Property Valuation is a real-world guide for distinguishing theory from what is effective in practice and is addressed to both professionals who operate in the real estate sector and the inexperienced who, for personal or professional reasons, need to estimate the value of a real estate asset.

The ultimate guide to successful M&As no matter how the economy's doing No one has written about the true root causes of the recent large M&A failures and why the mergers that were supposed to save the companies and the economy did not work.

Fully revised and updated to reflect changes in the private equity sectorBuilding 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 entrepreneursThis book provides a balanced perspective on the corporate governance challenges affecting the industry and draws perspectives on the evolution of the sector.

Gain a deep, intuitive and technical understand of practical options theory The main challenges in successful options trading are conceptual, not mathematical.  Volatility: Practical Options Theory provides financial professionals, academics, students and others with an intuitive as well as technical understanding of both the basic and advanced ideas in options theory to a level that facilitates practical options trading.  The approach taken in this book will prove particularly valuable to options traders and other practitioners tasked with making pricing and risk management decisions in an environment where time constraints mean that simplicity and intuition are of greater value than mathematical formalism. The most important areas of options theory, namely implied volatility, delta hedging, time value and the soΓÇôcalled options greeks are explored based on intuitive economic arguments alone before turning to formal models such as the seminal BlackΓÇôScholesΓÇôMerton model.  The reader will understand how the model free approach and mathematical models are related to each other, their underlying theoretical assumptions and their implications to level that facilitates practical implementation. There are several excellent mathematical descriptions of options theory, but few focus on a translational approach to convert the theory into practice. This book emphasizes the translational aspect, while first building an intuitive, technical understanding that allows market makers, portfolio managers, investment managers, risk managers, and other traders to work more effectively withinΓÇöand beyondΓÇöthe bounds of everyday practice. Gain a deeper understanding of the assumptions underlying options theory Translate theoretical ideas into practice Develop a more accurate intuition for better timeΓÇôconstrained decision making This book allows its readers to gain more than a superficial understanding of the mechanisms at work in options markets. Volatility gives its readers the edge by providing a true bedrock foundation upon which practical knowledge becomes stronger.

Understand the investment template that dominates the pension industryLiability-Driven Investment is the practitioner's guide to this increasingly popular investment template. Already the dominant framework for pension schemes in Europe and the UK, the LDI market is expected to grow significantly with the shift from Defined Benefit to Defined Contribution, and then into Digital Asset Management -- or Robo-Advice. With an aging population and significant under-saving globally, more and more finance professionals will need to know how to work within and around the LDI framework; this book provides clear explanations for the framework's usefulness and growing popularity to help practitioners find their bearings in and around the LDI space.The ultimate goal of LDI is to move beyond simple asset value maximisation and ensure that investors have sufficient funds to pay liabilities. This informative guide digs into that basic premise to show the various mechanisms, guidelines and practices that make up the framework's "working parts."* Discover the optimal investment strategies in multiple assets classes* Understand the key characteristics of the instruments used, including bonds, interest rate derivatives, and inflation linked products* Learn why pension companies and individual investors are moving toward LDI* Explore the ways in which the explosive growth of Robo-Advice will change retail investmentFinance professionals have long been accustomed to shifting landscapes -- it is taken as a given that prevailing thought and attendant practices will change over time -- but the rapid expansion of LDI has taken many by surprise. Having already been established as the dominant framework for pensions, it is clear that the emphasis on LDI will only continue to grow. Liability-Driven Investment tells you what you need to know in order to work effectively with LDI.

Develop and manage a private equity compliance programCompliance 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 ComplianceIf 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.

Be prepared for the arrival of automated decision makingOnce thought of as science fiction, major corporations are already beginning to use cognitive systems to assist in providing wealth advice and also in medication treatment. The use of Cognitive Analytics/Artificial Intelligence (AI) Systems is set to accelerate, with the expectation that it'll be considered 'mainstream' in the next 5 - 10 years. It'll change the way we as individuals interact with data and systems--and the way we run our businesses.Cognitive Analysis and AI prepares business users for the era of cognitive analytics / artificial intelligence. Building on established texts and commentary, it specifically prepares you in terms of expectation, impact on personal roles, and responsibilities. It focuses on the specific impact on key industries (retail, financial services, utilities and media) and also on key professions (such as accounting, operational management, supply chain and risk management).* Shows you how users interact with the system in natural language* Explains how cognitive analysis/AI can source 'big data'* Provides a roadmap for implementation* Gets you up to speed now before you get left behindIf you're a decision maker or budget holder within the corporate context, this invaluable book helps you gain an advantage from the deployment of cognitive analytics tools.

Choose the best speak-up arrangements for your organisationThe last five years have seen dramatic and fundamental changes in whistleblower procedures for organisations. Prompted by a spate of important public disclosures, organizations are now mandated by law to implement effective arrangements enabling employees to speak up about perceived wrongdoing. Currently few resources exist to help with this.To help fill the gap, The Whistleblowing Guide examines the opportunities and challenges associated with different types of whistleblowing and speak-up arrangements, making recommendations based on best practices you can trust.* Identifies the major organisational, structural and cultural obstacles to speaking up through speak-up arrangements* Proposes effective whistleblowing and speak-up arrangements* Explains the specific policy and legislation requirements that can promote or impede the effective implementation of speak-up arrangements, and how these can be translated into commercial and public organizations across sectors and cultures* Makes a clear distinction between internal and external reporting arrangementsThe Whistleblowing Guide offers conceptual clarification about these key issues, including a focus on internal and external speak-up procedures, organisational response and communication, impartiality and trust.

Understand and interpret the global debt capital marketsNow in a completely updated and expanded edition, this is a technical guide to the yield curve, a key indicator of the global capital markets and the understanding and accurate prediction of which is critical to all market participants. Being able to accurately and timely predict the shape and direction of the curve permits practitioners to consistently outperform the market.Analysing and Interpreting the Yield Curve, 2nd Edition describes what the yield curve is, explains what it tells participants, outlines the significance of certain shapes that the curve assumes and, most importantly, demonstrates what factors drive it and how it is modelled and used.* Covers the FTP curve, the multi-currency curve, CSA, OIS-Libor and 3-curve models* Gets you up to speed on the secured curve* Describes application of theoretical versus market curve relative value trading* Explains the concept of the risk-free rate* Accessible demonstration of curve interpolation best-practice using cubic spline, Nelson-Siegel and Svensson 94 modelsThis advanced text is essential reading for traders, asset managers, bankers and financial analysts, as well as graduate students in banking and finance.

EVERYTHING YOU NEED FOR ACCURATE COST OF CAPITAL ESTIMATIONS--IN A SINGLE VOLUME The 2017 Valuation Handbook - U.S. Guide to Cost of Capital is part of the international series of valuation resources authored by Duff & Phelps and published by John Wiley & Sons. This annually-updated reference provides business valuation and finance professionals with the critical data they need to measure company risk and cost of capital. Gauging the risks of an investment is one of the trickiest aspects of finance. This comprehensive guidebook gives you two of the most important data sets in the industry, along with the ability to: Turn to a definitive resource of world-class data and guidance to gain a distinct competitive advantage in real-world situations.Use the most up-to-date data available, including rate of return figures adjusted to fix the skew shown in other studies on equity risk premiums.Quickly grasp how concepts and methodologies translate into actual practice when they are brought to life in exemplifying cases. Accurate. Reliable. Trusted. The 2017 Valuation Handbook - U.S. Guide to Cost of Capital gives you an upper hand the moment you open it. Other volumes in the annual series include: 2017 Valuation Handbook - U.S. Industry Cost of Capital2017 Valuation Handbook - International Guide to Cost of Capital2017 Valuation Handbook - International Industry Cost of Capital

Ensure that you′re using the most up-to-date data available: Buy the 2017 Valuation Handbook U.S. Industry Cost of Capital + Quarterly PDF Updates together!The most recent cost of capital data for approximately 180 U.

A business must measure its value potential in order to grow and succeed. Companies that trade on a stock exchange can easily see their market value day to day, but private companies are far more challenged in gauging their value, which further complicates the tricky negotiations involved in mergers and acquisitions (M&A). Valuation for M&A remains the only authoritative guide on the market for executives and investors who want to know both the fair market value and investment value of a closely-held business. This revised and expanded Third Edition presents a fully up-to-date road map to measuring value in businesses being considered for sale and purchase, as well as growing value in a company's daily operations. New coverage brings you up to speed on all the changes in the marketplace, including how to accurately value knowledge-based assets and how to value businesses with a global perspective. This dependable resource now features a streamlined, quick-reference format to seamlessly answer your everyday questions on: Negotiating toward a win-win outcome in any M&A transaction--as a buyer and a seller Building company value leading up to an M&A transaction by conducting both quantitative and qualitative assessments Mastering a valuation skillset specific to M&A, including exit planning, deal structuring, fairness opinions, and financial reportingThis new edition also offers fresh discussions on cost of capital, including the Duff & Phelps Risk Premium Report Size Study and the Private Cost of Capital. Finally, there are new contributions by Ken Sanginario on "Using Specific Company Risk Strategically" and Justin Johnson on "Disciplined and Thorough Valuation Analysis are Key to Avoiding Failed M&A Deals."Know for certain whether selling or buying a company is the right strategic move with Valuation for M&A, Third Edition.

A comprehensive and fully up-to-date introductory textbook to Islamic finance and bankingIslamic finance and banking is being used increasingly globally -- especially in the regions of Middle East and North Africa, South East and South Asia. To cater to the need of trained Islamic finance staff, a large number of Educational institutions are beginning to offer courses, majors and minors in Islamic finance and banking. The major challenge faced by these institutions are suitable textbooks for both undergrad and post-grad levels and especially with the relevant instructor resources (PPTs, test bank, practice activities and answer keys).Luckily, Fundamentals of Islamic Finance and Banking is here to cover the most important topics related to Islamic finance and banking (IF&B) that are relevant for students of business, finance and banking.* Offers an historical background of Islamic finance* Covers the principles of Sharia Law as pertinent to finance and banking* Provides in-depth discussion of the six key Islamic banking products: Murabaha, Mudaraba, Musharaka, Ijara, Salam and Istisna* Discusses the Islamic insurance (Takaful)* Gives an overview of Islamic investment, especially Sukuks* Concludes with the global standing of the Islamic Finance and Banking industryWould-be colleges and universities offering this subject as a course within their finance and/or banking program can't be without this invaluable guide.

The writing "bible" for financial professionals The Investment Writing Handbook provides practical, accessible guidance for crafting more effective investor communications.

Risk management strategy for the pioneering technological sector Enterprise Risk and Opportunity Management provides much-needed guidance tailored specifically to the technological sector.

The essential executive M&A primer, with practical tools and expert insight Mergers and Acquisitions Basics provides complete guidance on the M&A process, with in-depth analysis, expert insight, and practical tools for success.