Cover image for Alternative Alternatives : Risk, Returns and Investment Strategy.
Alternative Alternatives : Risk, Returns and Investment Strategy.
Title:
Alternative Alternatives : Risk, Returns and Investment Strategy.
Author:
Blessing, Sona.
ISBN:
9781444342161
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (266 pages)
Series:
The Wiley Finance Series ; v.622

The Wiley Finance Series
Contents:
Alternative Alternatives -- Contents -- Preface -- Acknowledgements -- A Note on How to Use This Book -- Introduction -- Epilogue -- 1 Timberland -- 1.1 Introduction -- 1.2 Statistics on Investable Timberland -- 1.3 Asset Characteristics -- 1.4 Investment Drivers -- 1.5 Return Drivers -- 1.6 Perceived Risk -- 1.7 Real Risks -- 1.8 Measuring Risk and Returns: Science, Art, 'Boots on the Ground' -- 1.9 Investment Objective -- 1.10 Investment Strategy -- 1.11 In Practice -- 1.12 Country Case Studies -- 1.13 Species Case Study -- 1.14 Emergence and Outlook -- 1.15 2010 And Beyond -- 1.16 Opportunities and Challenges Facing Timberland Investors -- 1.17 Conclusion -- 2 Insurance Linked Risk Transfer -- 2.1 Introduction -- 2.2 Classification -- 2.3 Asset Characteristics -- 2.4 Risks -- 2.5 Return Drivers -- 2.6 Constraints -- 2.7 The Players -- 2.8 Evolution -- 2.9 Non-Life Insurance Linked Risk Transfer -- 2.10 In Practice -- 2.11 Life Insurance Linked Risk Transfer -- 2.12 Pandemic-related Insurance Investing - Extreme Mortality Risk -- 3 Asset-Based Lending -- 3.1 Introduction -- 3.2 Aviation Finance, Loan-Based Lending, Leasing -- 3.3 Ship Financing, Leasing, Investing -- 3.4 Trade Finance -- 3.5 Litigation led Investing -- 3.6 Lending Against Hospital Receivables -- 3.7 Film Financing -- 3.8 Music Investing -- 3.9 Appendix -- 4 Collectables -- 4.1 Introduction -- 4.2 Investing in Art -- 4.3 Case Study Series (with Philip Hoffman, The Fine Art Fund Group) -- 4.4 Investing in Photography -- 4.5 Investing in Wine -- 4.6 Investing in Vintage Cars -- 5 Extraction Strategies -- 5.1 Volatility Investing -- 5.2 Behaviour Finance -- 6 Place in a Portfolio -- Further Reading -- Index.
Abstract:
In the aftermath of the financial crisis, investors are searching for new opportunities and products to safeguard their investments for the future. Riding high on the wave of new financial opportunities are Alternative Alternatives (AA). However, there is a lack of information on Alternative Alternatives: What are they? How do they work? How can investors profit from them? In Alternative Alternatives, Sona Blessing addresses all of these questions. Blessing defines Alternative Alternatives based on the following hypothesis: If the origin of the risk lies outside the financial markets, then is should be insulated from the vagaries of those markets. The recent credit and sovereign debt crises have served to defend this hypothesis and have upheld the conclusion that AA assets and strategies offer a risk-return profile that is distinct from those offered by traditional and main stream hedge fund strategies. AA strategies include timberland investing, insurance risk transfer, asset/loan based lending (aviation, shipping, trade, entertainment, litigation financing, etc,), collectables and extraction strategies such as volatility and behavioural finance. Alternative Alternatives reviews each asset/strategy on a standalone basis, profiling its characteristics, an analysis of its strengths, weaknesses, opportunities and threats (SWOT), and its risk/reward drivers. Blessing describes how to integrate these assets and strategies within a portfolio by examining their peculiarities, the challenges and constraints of each, how they are being used in the real world, how they are implemented, and the results that they have achieved. Finally, the book reviews the scope, scalability and prospects for each asset/strategy in the future. Alternative Alternatives is a one stop resource on this new investment class, providing an in-depth analysis of these assets

and strategies, which will leave investors with everything they need to identify, allocate and manage them.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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