Investing in Credit Hedge Funds: an in-Depth Guide to Building Your Portfolio and Profiting from the Credit Market by Putri Pascualy (2013, Hardcover)
2nd Life Books NJ (12901)
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About this product
Product Identifiers
PublisherMcgraw-Hill Education
ISBN-100071829032
ISBN-139780071829038
eBay Product ID (ePID)166295280
Product Key Features
Number of Pages336 Pages
LanguageEnglish
Publication NameInvesting in Credit Hedge Funds: an in-Depth Guide to Building Your Portfolio and Profiting from the Credit Market
Publication Year2013
SubjectInvestments & Securities / Portfolio Management, Public Finance, Investments & Securities / Mutual Funds, Investments & Securities / General
TypeTextbook
AuthorPutri Pascualy
Subject AreaBusiness & Economics
FormatHardcover
Dimensions
Item Height1.2 in
Item Weight18.9 Oz
Item Length9.2 in
Item Width6.3 in
Additional Product Features
Intended AudienceScholarly & Professional
LCCN2013-028458
IllustratedYes
Table Of ContentAcknowledgments v CHAPTER 1 Hedge Funds and the Credit Market 1 CHAPTER 2 High Yield Bonds 21 CHAPTER 3 Stressed and Distressed Investing 61 CHAPTER 4 Bank Loans 107 CHAPTER 5 Convertible Bonds 133 CHAPTER 6 Sovereign Debt 155 CHAPTER 7 Legal and Structuring 177 CHAPTER 8 Operational Due Diligence Program for Credit Hedge Fund Investing 201 CHAPTER 9 Risk Management 223 CHAPTER 10 Financing 251 Notes 283 Key Takeaways and Questions 293 Index 319
SynopsisTHE DEFINITIVE GUIDE TO CREATING A POWERFUL STRATEGY FOR INVESTMENTS IN CREDIT HEDGE FUNDS Following the credit crisis that rocked the globalmarkets, many investors were left with a great sense of unease. However, when faced with historically low interest rates in a world awash with liquidity, they flocked back into the credit market. But this wave of liquidity will soon come to an end.Investors are grappling with their need for returngeneration while trying to navigate an increasinglyvolatile credit market. Given its inherent flexibility,the hedge fund structure is ideal for investing in thecredit market. In Investing in Credit Hedge Funds , PAAMCOcredit strategist Putri Pascualy shows how toprofit from a variety of credit-focused investments,including: HIGH-YIELD BONDS - Capitalize on the inefficiencies in the market for levered companies STRESSED / DISTRESSED MARKETS - Develop mastery of the bankruptcy and reorganization processes to spot yourbest opportunities BANK LOANS - Take advantage of loans' structural seniority and collateral while navigating credit, liquidity, and operational risk CONVERTIBLE BONDS - Apply trading acumen to invest in hybrid instruments that combine the best features of bonds and equities SOVEREIGN DEBT - Understand the difference between the corporate and sovereign bond market and manage the macroeconomic risks in a credit portfolio Investing in Credit Hedge Funds provides in-depthresearch on the most commonly used structuring vehicles, the legal rights and responsibilities of all parties, and the pros and cons of separately managed accounts. It provides practical, expert advice on conducting operational due diligence and best practices in mitigating counterparty risks to avoid the fates of those who suffered losses as Bear Stearns, Lehman Brothers, and MF Global went down. And it reveals practical risk-management techniques unique to credit investing. Investing in Credit Hedge Funds provides a fullyrounded education in creating a powerful credit portfolio that will instantly put you ahead of the investing pack. PRAISE FOR INVESTING IN CREDIT HEDGE FUNDS "Read this book if you want to understand how a leading hedge fund-of-fund investor evaluates distressed credit opportunities in the aftermath of the financial crisis." --Bruce Brittain, Executive Vice President, Product Management Group, PIMCO "Arms the institutional investor with the tools to conduct a more robust evaluation of a credit hedge fund's strategy, structure, and operational credibility. It is a practical resource for the diversified institutional investor." -- Susan Ridlen, Assistant Treasurer, Eli Lilly and Company "Provides insight for investors to become more equipped to deal with the ever-evolving credit markets in the future." -- Lorraine Spurge, CEO of Maplestone Capital Advisors, LLC, THE DEFINITIVE GUIDE TO CREATING A POWERFUL STRATEGY FOR INVESTMENTS IN CREDIT HEDGE FUNDS Following the credit crisis that rocked the global markets, many investors were left with a great sense of unease. However, when faced with historically low interest rates in a world awash with liquidity, they flocked back into the credit market. But this wave of liquidity will soon come to an end. Investors are grappling with their need for return generation while trying to navigate an increasingly volatile credit market. Given its inherent flexibility, the hedge fund structure is ideal for investing in the credit market. In Investing in Credit Hedge Funds , PAAMCO credit strategist Putri Pascualy shows how to profit from a variety of credit-focused investments, including: HIGH-YIELD BONDS - Capitalize on the inefficiencies in the market for levered companies STRESSED / DISTRESSED MARKETS - Develop mastery of the bankruptcy and reorganization processes to spot your best opportunities BANK LOANS - Take advantage of loans' structural seniority and collateral while navigating credit, liquidity, and operational risk CONVERTIBLE BONDS - Apply trading acumen to invest in hybrid instruments that combine the best features of bonds and equities SOVEREIGN DEBT - Understand the difference between the corporate and sovereign bond market and manage the macroeconomic risks in a credit portfolio Investing in Credit Hedge Funds provides in-depth research on the most commonly used structuring vehicles, the legal rights and responsibilities of all parties, and the pros and cons of separately managed accounts. It provides practical, expert advice on conducting operational due diligence and best practices in mitigating counterparty risks to avoid the fates of those who suffered losses as Bear Stearns, Lehman Brothers, and MF Global went down. And it reveals practical risk-management techniques unique to credit investing. Investing in Credit Hedge Funds provides a fully rounded education in creating a powerful credit portfolio that will instantly put you ahead of the investing pack. PRAISE FOR INVESTING IN CREDIT HEDGE FUNDS "Read this book if you want to understand how a leading hedge fund-of-fund investor evaluates distressed credit opportunities in the aftermath of the financial crisis." --Bruce Brittain, Executive Vice President, Product Management Group, PIMCO "Arms the institutional investor with the tools to conduct a more robust evaluation of a credit hedge fund's strategy, structure, and operational credibility. It is a practical resource for the diversified institutional investor." -- Susan Ridlen, Assistant Treasurer, Eli Lilly and Company "Provides insight for investors to become more equipped to deal with the ever-evolving credit markets in the future." -- Lorraine Spurge, CEO of Maplestone Capital Advisors, LLC, THE DEFINITIVE GUIDE TO CREATING A POWERFUL STRATEGY FOR INVESTMENTS IN CREDIT HEDGE FUNDS Following the credit crisis that rocked the globalmarkets, many investors were left with a great sense of unease. However, when faced with historically low interest rates in a world awash with liquidity, they flocked back into the credit market. But this wave of liquidity will soon come to an end.Investors are grappling with their need for returngeneration while trying to navigate an increasinglyvolatile credit market. Given its inherent flexibility, the hedge fund structure is ideal for investing in thecredit market. In Investing in Credit Hedge Funds , PAAMCOcredit strategist Putri Pascualy shows how toprofit from a variety of credit-focused investments, including: HIGH-YIELD BONDS - Capitalize on the inefficiencies in the market for levered companies STRESSED / DISTRESSED MARKETS - Develop mastery of the bankruptcy and reorganization processes to spot yourbest opportunities BANK LOANS - Take advantage of loans' structural seniority and collateral while navigating credit, liquidity, and operational risk CONVERTIBLE BONDS - Apply trading acumen to invest in hybrid instruments that combine the best features of bonds and equities SOVEREIGN DEBT - Understand the difference between the corporate and sovereign bond market and manage the macroeconomic risks in a credit portfolio Investing in Credit Hedge Funds provides in-depthresearch on the most commonly used structuring vehicles, the legal rights and responsibilities of all parties, and the pros and cons of separately managed accounts. It provides practical, expert advice on conducting operational due diligence and best practices in mitigating counterparty risks to avoid the fates of those who suffered losses as Bear Stearns, Lehman Brothers, and MF Global went down. And it reveals practical risk-management techniques unique to credit investing. Investing in Credit Hedge Funds provides a fullyrounded education in creating a powerful credit portfolio that will instantly put you ahead of the investing pack. PRAISE FOR INVESTING IN CREDIT HEDGE FUNDS "Read this book if you want to understand how a leading hedge fund-of-fund investor evaluates distressed credit opportunities in the aftermath of the financial crisis." --Bruce Brittain, Executive Vice President, Product Management Group, PIMCO "Arms the institutional investor with the tools to conduct a more robust evaluation of a credit hedge fund's strategy, structure, and operational credibility. It is a practical resource for the diversified institutional investor." -- Susan Ridlen, Assistant Treasurer, Eli Lilly and Company "Provides insight for investors to become more equipped to deal with the ever-evolving credit markets in the future." -- Lorraine Spurge, CEO of Maplestone Capital Advisors, LLC
LC Classification NumberHG4530.P347 2013
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