PORTFOLIO REPRESENTATION: A STEP-BY-STEP GUIDE TO REPRESENTING VALUE, EXPOSURE AND RISK FOR FIXED INCOME, EQUITY, FX AND DERIVATIVES
Book ID/图书代码： 05930011B50788
English Summary/英文概要： This book provides a practical and sophisticated insight into each financial asset type, and how the different risks and exposures they involve should be most accurately combined and represented in a portfolio. The financial issues facing the world since the late 2000s have provided the asset management community with a brutal reminder of the importance of having genuine knowledge of portfolio structures and the risks embedded within them. More so than ever, fund managers need a clear and consistent way of separating value from exposure in their portfolios, allowing a complete ’look-through’ to the real risks contained in derivatives and pooled/structured products.
Equally, as fund managers are driven to find risk-adjusted rather than just raw returns, it is imperative that risk measures and the understanding derived from them are applied to the entirety of a portfolio, as opposed to just particular asset classes or sections.
This book, written by hugely experienced investment expert Jem Tugwell, provides a practical and comprehensive solution. Written in plain English and carefully structured to be easy to use, this is the definitive guide to accurately and quickly representing value in financial portfolios of every complexity.
Taking the reader through each asset type in turn, with detailed workings and explanations, it is the most lucid and helpful professional guide yet written on the subject - and something no one working in this area can afford to be without
Chinese Summary/中文概要： 本书切实而又尖锐详尽地介绍了每一种金融资产类型、它们所暗含的各种风险和曝光率以及应该如何以一个投资组合的形式组合在一起。
从2000年以来，世界各国所面临的金融问题已经毫不留情地告诉资产管理团体一个道理，那就是真正了解投资组合的结构以及它们暗藏的风险的重要性。而现在更应该了解这一点，财务经理们应该清楚并始终掌握如何将投资组合中的价值与曝光区分开来，还要详尽地调查分析那些衍生、合并和结构化产品中所暗含的真正风险。
同样地，当财务经理们不得不去发现风险调整后的回报，而不是单纯的回报时，必须注意的是风险评估以及从中得到的结论应该适应于整个投资组合，而不仅仅是资产的各个类别与部分。
本书的作者是经验丰富的投资专家詹姆.塔格威尔。他为我们提供了切实且全面的解决办法。本书通俗易懂、结构明了且使用方便。本书绝对堪称一本具有指导意义的佳作，它能让你迅速精确地解决任何金融投资组合中的每一个难题。
本书按顺序为读者详细地介绍了每一种资产类型。它堪称是这一话题方面最清晰易懂而且益处最大的专业指导书籍，是任何从事这一领域的人们的必备法典。(XMM & CK)
Awards/获奖情况：
About the Author/作者介绍： 詹姆.塔格威尔是一位专家级的投资管理咨询师，他重点研究机构投资管理的策略与分析。詹姆的分析重点包括怎样代表投资组合内部的不同资产类别，如何区分价值与曝光率，以及所有的资产类别和相关的衍生工具中的定价模式和风险评估。他的商业专业知识应用于许多资产管理公司，让他们进一步发展与应用这些分析技巧，在清楚了解市场区别以及有能力提供丰厚的回报的基础上取得竞争优势。
詹姆从事投资管理领域二十年之久，他的成就包括成功创立了一个价值数百万英镑的软件企业，为新一代的买方资产管理方法指出了契机。他是詹姆.塔格威尔联合公司的创立董事。
Jem Tugwell is a specialist investment management consultant, focusing on institutional investment management strategy and analytics. Jem’s analytical focus involves how to represent different asset classes inside portfolios, the separation of value and exposure, as well as pricing models and risk measurement across all asset classes and their associated derivatives. His commercial expertise is applied in assisting Asset Management firms to develop and apply these analytical techniques in order to gain a competitive edge, based on clear market differentiation and the ability to deliver superior returns.
Jem’s 20-year track record in the investment management sector includes founding a successful multi-million pound software business, identifying an opportunity for a new generation of buyside asset management solutions. He is a founding director of Jem Tugwell Associates.
Format:
Rights Status/版权销售情况：Simplified Chinese/简体中文：AVAILABLE
Complex/Traditional Chinese/繁体中文：AVAILABLE
Sales in other countries/其他国家销售情况：
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