Quantitative Management of Bond Portfolios (Advances in Financial Engineering) Book PDF, ePub eBook

Join our eBook service for unlimited books & audiobooks. Get a free 7 day subscription! ↓↓↓↓↓


Book Descriptions:

The practice of institutional bond portfolio management has changed markedly since the late 1980s in response to new financial instruments, investment methodologies, and improved analytics. Investors are looking for a more disciplined, quantitative approach to asset management. Here, five top authorities from a leading Wall Street firm provide practical solutions and feasible methodologies based on investor inquiries. While taking a quantitative approach, they avoid complex mathematical derivations, making the book accessible to a wide audience, including portfolio managers, plan sponsors, research analysts, risk managers, academics, students, and anyone interested in bond portfolio management.

The book covers a range of subjects of concern to fixed-income portfolio managers--investment style, benchmark replication and customization, managing credit and mortgage portfolios, managing central bank reserves, risk optimization, and performance attribution. The first part contains empirical studies of security selection versus asset allocation, index replication with derivatives and bonds, optimal portfolio diversification, and long-horizon performance of assets. The second part covers portfolio management tools for risk budgeting, bottom-up risk modeling, performance attribution, innovative measures of risk sensitivities, and hedging risk exposures.

A first-of-its-kind publication from a team of practitioners at the front lines of financial thinking, this book presents a winning combination of mathematical models, intuitive examples, and clear language.

Quantitative Management of Bond Portfolios (Advances in Financial Engineering) by Lev Dynkin, Anthony Gould, Jay Hyman, Vadim Konstantinovsky, Bruce Phelps

From reader reviews:

James Stover:

Do you have favorite book? When you have, what is your favorite's book? Book is very important thing for us to find out everything in the world. Each book has different aim or perhaps goal; it means that e-book has different type. Some people truly feel enjoy to spend their the perfect time to read a book. They can be reading whatever they acquire because their hobby will be reading a book. How about the person who don't like looking at a book? Sometime, man or woman feel need book when they found difficult problem as well as exercise. Well, probably you'll have this Quantitative Management of Bond Portfolios (Advances in Financial Engineering).

Anna Thompson:

Have you spare time to get a day? What do you do when you have much more or little spare time? Sure, you can choose the suitable activity with regard to spend your time. Any person spent all their spare time to take a move, shopping, or went to the Mall. How about open as well as read a book eligible Quantitative Management of Bond Portfolios (Advances in Financial Engineering)? Maybe it is to be best activity for you. You know beside you can spend your time with your favorite's book, you can cleverer than before. Do you agree with its opinion or you have various other opinion?

Felecia Holst:

Reading a reserve can be one of a lot of activity that everyone in the world enjoys. Do you like reading book therefore. There are a lot of reasons why people love it. First reading a publication will give you a lot of new details. When you read a guide you will get new information because book is one of a number of ways to share the information or their idea. Second, reading a book will make a person more imaginative. When you studying a book especially tale fantasy book the author will bring you to definitely imagine the story how the people do it anything. Third, you may share your knowledge to other people. When you read this Quantitative Management of Bond Portfolios (Advances in Financial Engineering), you may tells your family, friends and soon about yours e-book. Your knowledge can inspire the others, make them reading a reserve.

Michael Madden:

People live in this new morning of lifestyle always aim to and must have the spare time or they will get wide range of stress from both day to day life and work. So , whenever we ask do people have free time, we will say absolutely without a doubt. People is human not just a robot. Then we inquire again, what kind of activity are there when the spare time coming to anyone of course your answer may unlimited right. Then do you try this one, reading books. It can be your alternative in spending your spare time, the book you have read is actually Quantitative Management of Bond Portfolios (Advances in Financial Engineering).