Arms investors with powerful new tools for measuring and managing the risks associated with the various illiquid asset classes
With risk-free interest rates and risk premiums at record lows, many investors are turning to illiquid assets, such as real estate, private equity, infrastructure and timber, in search of superior returns and greater portfolio diversity. But as many analysts, investors and wealth managers are discovering, such investments bring with them a unique set of risks that cannot be measured by standard asset allocation models. Written by a dream team of globally renowned experts in the field, this book provides a clear, accessible overview of illiquid fund investments, focusing on what the main risks of these asset classes are and how to measure those risks in today's regulatory environment.
Provides solutions for institutional investors in need of guidance in today's regulatory environment
Offers detailed descriptions of risk measurement in illiquid asset classes, illustrated with real life case studies
Helps you to develop reliable risk management tools while complying with the regulations designed to contain the individual and systemic risks arising from illiquid investments
Features real-life case studies that capture an array of risk management scenarios you are likely to encounter
Most Helpful Customer Reviews
One of the very few books covering the topic of illiquidity in private markets, and trying to offer a few solutions. The content is of high quality, rigorous and of interest. The only criticism is that there is a weak connection between the different chapters: non only there is the impression that the book might not be exhaustive and cover all the issues at stake, but the authors give the impression that they wrote independently their chapters, did not necessarily read what the others wrote, and thus the overall book lacks continuity and internal connections.
An interesting view of Risk management for Portfolios of LPs. It introduces and discusses interesting concepts related to liquidity assets.
The authorised South African distributor of this product is under no obligation to honour the manufacture's guarantees/warranties or to provide after-sales service.
Please note that this item is imported from the USA, and is designed to be used in the USA. In addition, if the unit is powered it will come with a US plug and an adapter/transformer may be required. Please click here for more information on power requirements, or check with us if you are unsure or need any assistance!
Please also note that certain items cannot be imported, these include Alcohol, Animals, Batteries, Flammable Materials, Currency, Food, Furs, Chemicals, Explosives, Medications, Plants, Seeds, Supplements, Pressurized Cans, Tactical Equipment, Vitamins, Weaponry and Weaponry Accessories. In these cases, the item and information is displayed for reference purposes only. If you are not sure if we are permitted to bring an item, please send us an e-mail with a link to the item to confirm.
Please also ensure that you are ordering the correct item for your particular application as returns to the USA are costly. Product reviews are also provided for most of our items, which can give you a good idea for possible things to look out for and the quality of the item. By clicking Add to Cart, you are confirming that the item is correct and you accept the conditions listed here.