The book targets sophisticated audiences. Concepts are well developed, rigorous presented and meticulously referenced. There is some mathematics, but it appears primarily in later chapters. Audiences include managers interested in policy, traders who must understand complex hedging strategies and readers interested in the fall of Metallgesellschaft. For risk managers, both at financial organizations as well as corporations, the entire book is a gem.

Skvěle a srozumitelně napsaná kniha zaměřená na kreditní riziko včetně odvozených rizik, používání kreditních derivátů a obchodních modelů. Dvě kapitoly jsou podrobně věnovány obchodování s úvěrovými swapy a dluhopisy.

I would recommend this report to those considering entering or evaluating an existing crude oil hedging programme. The three sections provide the basics: why a company should hedge their risk, where the risks should be hedged, and the methods available for hedging.

This book focuses on the latest developments in the Asia Pacific community in terms of how deregulation and privatisation are bringing more risk to energy companies. In the light of these market changes, interest in energy risk management has grown substantially and is becoming a fiduciary responsibility of energy companies. As energy trading, power exchanges and hedging techniques establish themselves in the oil, power and gas sectors, so then do newer derivatives markets emerge in LNG hedging, weather derivatives and freight hedging. Fusaro a…

Vynikající publikace napsaná ve spolupráci s jedním z nejlepších investičních expertů Deutsche Bank. Kniha se zaměřuje především na deriváty, oceňování derivátů a hedging.

Although the financial futures and options markets have only existed since 1972, many current participants have little understanding of their genesis. This work offers an historical perspective that aims to provide important insights into the basic functioning of the markets. Petzel explains how these relatively new market investment products originated, how they are used and how the markets in which they are traded work. Beginning with an overview of the first 15 years of financial futures, Petzel examines both successes and failures, developi…

New strategies for investing in gold, an ideal investment in today's volatile world climate unstable and uncertain global economies have occasionally made gold an exceptional investment alternative. Today, with the worldwide availability of cheap money increasing the likelihood of global recession, investors are on the threshold of experiencing just such a period. "Gold" explores how the investment environment for gold will play out over the next few years and discusses how investors of every size can take advantage of the opportunities that wi…

Books on complex hedging instruments are often more confusing than the instruments themselves. "Hedging Instruments and Risk Management" brings clarity to the topic, giving money managers the straightforward knowledge they need to employ hedging tools and techniques in four key markets - equity, currency, fixed income, and mortgage. Using real-world data and examples, this high-level book shows practitioners how to develop a common set of mathematical and statistical tools for hedging in various markets and then outlines several hedging strateg…

A guide to the theory and practice of hedging, this book describes both financial and physical hedging strategies and programs applicable to most industries. It shows how to use hedging strategies to capitalize on market volatility, while minimizing the effects of unfavorable market swings. The author addresses theories of hedging and cross-hedging, cash-and-carry or repo programs, the perfect hedge and the hedging paradox and also offers comparative approaches supported by examples.

Trying to trade stock, bond, commodity and currency markets without intermarket awareness is like trying to drive a car without looking out the side and rear windows--very dangerous. In this guide to intermarket analysis, the author uses years of experience in technical analysis plus extensive charts to clearly demonstrate the interrelationshps that exist among the various market sectors and their importance. You'll learn how to use activity in surrounding markets in the same way that most people employ traditional technical indicators for dire…