书目

Convertible Arbitrage: Insights and Techniques for Successful Hedging

  • 作者 Nick P. Calamos著
  • 出版社 Wiley
  • 出版时间 2003年6月 第1版
  • ISBN 9780471423614
  • 定价 562.10

内容简介

MinimizeriskandmaximizeprofitswithconvertiblearbitrageConvertiblearbitrageinvolvespurchasingaportfolioofconvertiblesecurities-generallyconvertiblebonds-andhedgingaportionoftheequityriskbysellingshorttheunderlyingcommonstock.Thisincreasinglypopularstrategy,whichisespeciallyusefulduringtimesofmarketvolatility,allowsindividualstoincreasetheirreturnswhiledecreasingtheirrisks.ConvertibleArbitrageoffersathoroughexplanationofthisuniqueinvestmentstrategy.Filledwithin-depthinsightsfromanexpertinthefield,thiscomprehensiveguideexploresawiderangeofconvertibletopics.Readerswillbeintroducedtoavarietyofmodelsforconvertibleanalysis,"theGreeks,"aswellasthefullrangeofhedges,includingtitledandleveragedhedges,aswellasswaps,nontraditionalhedges,andoptionhedging.Theywillalsogainafirmunderstandingofalternativeconvertiblestructures,theuseofforeignconvertiblesinhedging,riskmanagementattheportfoliolevel,andtradingandhedgingrisks.ConvertibleArbitrageeliminatesanyconfusionbyclearlydifferentiatingconvertiblearbitragestrategyfromotherhedgingtechniquessuchaslong-shortequity,mergerandacquisitionarbitrage,andfixed-incomearbitrage.NickCalamos(Naperville,IL)overseesresearchandportfoliomanagementforCalamosAssetManagement,Inc.Since1983hisexperiencehascenteredonconvertiblesecuritiesinvestment.HereceivedhisundergraduatedegreeineconomicsfromSouthernIllinoisUniversityandanMSinfinancefromNorthernIllinoisUniversity.

作者简介

NICKP.CALAMOSistheHeadofInvestmentsandChiefInvestmentOfficeroverseeingresearchandportfoliomanagementforCalamosAssetManagement,Inc.,oneofthelargestandmostwell-knownconvertibleinvestmentfirmsinthecountry.Heoverseesthe#1ConvertibleFundandthe#1GrowthFundasratedbyLipperandMorningstarfortheten-yearperiodended12/31/02.Withthefirmsince1983,Mr.CalamoshasbeeninstrumentalindevelopingtheCalamosConvertibleResearchSystem(CCRS),asophisticated,proprietaryresearchsystemthatmonitorsandscanstheentiremarketforthebestavailableinvestmentopportunities.ACharteredFinancialAnalyst(CFA),Mr.CalamosisamemberoftheInvestmentAnalystsSocietyofChicago.Hehasspokenatvariousconferencesandseminarsthroughoutthecountryonconvertiblesecuritiesinvesting,hasbeenquotedasanauthorityonconvertiblesecuritiesbyleadingfinancialpublicationssuchasBarron’s,Fortune,TheWallStreetJournal,USAToday,andtheNewYorkTimes,andhasappearedonCNBCandBloombergtelevision.HereceivedhisundergraduatedegreeineconomicsfromSouthernIllinoisUniversityandanMSinfinancefromNorthernIllinoisUniversity.

丛书

Wiley Finance Series

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