LEADER 05556nam 2200709 a 450 001 9910139056003321 005 20240516163514.0 010 $a1-118-65650-4 010 $a1-299-31464-3 010 $a1-118-28518-2 035 $a(CKB)2560000000100569 035 $a(EBL)918186 035 $a(OCoLC)815758380 035 $a(SSID)ssj0000832640 035 $a(PQKBManifestationID)11482995 035 $a(PQKBTitleCode)TC0000832640 035 $a(PQKBWorkID)10900311 035 $a(PQKB)10497726 035 $a(OCoLC)842854773 035 $a(MiAaPQ)EBC918186 035 $a(Au-PeEL)EBL918186 035 $a(CaPaEBR)ebr10674769 035 $a(CaONFJC)MIL462714 035 $a(EXLCZ)992560000000100569 100 $a20150303d2013 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aAlternative investments $einstruments, performance, benchmarks, and strategies /$feditors H. Kent Baker, Greg Filbeck 205 $a1st ed. 210 $aHoboken, N.J. $cWiley$dc2013 215 $a1 online resource (650 p.) 225 1 $aRobert W. Kolb Series in Finance 300 $aDescription based upon print version of record. 311 $a1-118-24112-6 320 $aIncludes bibliographical references and index. 327 $aALTERNATIVE INVESTMENTS; Contents; Acknowledgments; PART I Introduction; CHAPTER 1 Alternative Investments: An Overview; INTRODUCTION; Purpose of the Book; Features of the Book; Intended Audience; STRUCTURE OF THE BOOK; Part I. Introduction; Part II. Real Estate; Part III. Private Equity; Part IV. Commodities and Managed Futures; Part V. Hedge Funds; SUMMARY AND CONCLUSIONS; REFERENCES; ABOUT THE AUTHORS; CHAPTER 2 The Role of Alternative Investments in Strategic Asset Allocation; INTRODUCTION; DATA SET; METHODOLOGY AND RESULTS; EXTENSIONS; SUMMARY AND CONCLUSIONS; DISCUSSION QUESTIONS 327 $aREFERENCES ABOUT THE AUTHORS; ACKNOWLEDGMENTS; CHAPTER 3 Trends in Alternative Investments; INTRODUCTION; COMMON CURRENT TRENDS; HEDGE FUNDS; OTHER ALTERNATIVE INVESTMENT SECTORS; Private Equity; Managed Futures and Commodities; Real Estate; SUMMARY AND CONCLUSIONS; DISCUSSION QUESTIONS; REFERENCES; ABOUT THE AUTHOR; CHAPTER 4 Alternative Investments and Due Diligence; INTRODUCTION; ALTERNATIVE INVESTMENTS; Characteristics of Alternative Investments; Legal and Regulatory Aspects; ALTERNATIVE INVESTMENTS DUE DILIGENCE; Due Diligence Methodology; Idea Sourcing and Initial Screening; Full Review 327 $aInvestment and Business Aspects FINAL EVALUATION; SUMMARY AND CONCLUSIONS; DISCUSSION QUESTIONS; REFERENCES; ABOUT THE AUTHOR; PART II Real Estate; CHAPTER 5 REITs and the Private Real Estate Market; INTRODUCTION; LITERATURE; DATA; Descriptive Statistics; EMPIRICAL STRATEGY; ESTIMATION; RESULTS; SUMMARY AND CONCLUSIONS; DISCUSSION QUESTIONS; REFERENCES; ABOUT THE AUTHORS; CHAPTER 6 Commercial Real Estate; INTRODUCTION; SUPPLY AND ENVIRONMENT; REAL ESTATE CHARACTERISTICS; PRICES AND VOLUMES; REAL ESTATE RETURNS; APARTMENTS; INDUSTRIAL; OFFICE MULTI-TENANT; RETAIL; SUMMARY AND CONCLUSIONS 327 $aDISCUSSION QUESTIONSREFERENCES; ABOUT THE AUTHOR; ACKNOWLEDGMENTS; CHAPTER 7 Real Estate Investment Trusts; INTRODUCTION; REITS AND THE REAL ESTATE ASSET CLASS; Error Correction and the Investment Horizon; Effects of Illiquidity Lag and Appraisal Lag; Effects of Illiquidity Smoothing and Appraisal Smoothing; REITs and the Stock Market Asset Class; HISTORICAL REIT RETURNS; Income and Capital Appreciation; Manager Selection; REIT VOLATILITY AND RISK-ADJUSTED RETURNS; Volatility Estimated from Unlevered Transaction-Based Return Indices; THE REIT BUSINESS MODEL; Transparency; Liquidity 327 $aAlignment of Interests between Investors and Investment ManagersThe Free Cash Problem; Sources of Financing; SUMMARY AND CONCLUSIONS; DISCUSSION QUESTIONS; REFERENCES; ABOUT THE AUTHOR; CHAPTER 8 Mortgaged-Backed Securities; INTRODUCTION; HOW ARE MORTGAGE-BACKED SECURITIES CREATED?; A REVIEW OF THE DIFFERENT CLASSES OF MORTGAGE-BACKED SECURITIES; Pass-Through Mortgage Securities; Collateralized Mortgage Obligations; THE ROLE OF THE MBS MARKET IN THE 2007-2008 FINANCIAL CRISIS; SUMMARY AND CONCLUSIONS; DISCUSSION QUESTIONS; REFERENCES; ABOUT THE AUTHOR 327 $aCHAPTER 9 Mezzanine Debt and Preferred Equity in Real Estate 330 $aA comprehensive guide to alternative investments that reveals today's latest research and strategies Historically low interest rates and bear markets in world stock markets have generated intense interest in alternative investments. With returns in traditional investment vehicles relatively low, many professional investors view alternative investments as a means of meeting their return objectives. Alternative Investments: Instruments, Performance, Benchmarks, and Strategies, can put you in a better position to achieve this difficult goal. Part of the Robert W. Kolb Series in 410 0$aRobert W. Kolb series in finance. 606 $aInvestments 606 $aAsset allocation 606 $aInvestment analysis 615 0$aInvestments. 615 0$aAsset allocation. 615 0$aInvestment analysis. 676 $a332.6 701 $aBaker$b H. Kent$0913455 701 $aFilbeck$b Greg$0913456 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910139056003321 996 $aAlternative investments$92046108 997 $aUNINA