Wednesday, February 27, 2013

Portable Alpha Theory and Practice: What Investors Really Need to Know (Wiley Finance)

Portable Alpha Theory and Practice: What Investors Really Need to Know (Wiley Finance)

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Product Description

As an original innovator of the portable alpha concept, PIMCO has been managing an increasing number of different portable alpha strategies for investors since 1986. And now, with Portable Alpha Theory and Practice, the PIMCO team shares their extensive experiences with you. Filled with in-depth insights and expert guidance, this reliable resource provides an informative look at portable alpha and key related concepts, as well as detailed discussion on the many ways it can be applied in real-world situations.

Portable Alpha Theory and Practice: What Investors Really Need to Know (Wiley Finance) Review

I recently read Ms. Callin's book and found it to be well written and diligently researched. One could argue that the timing of its release was problematic given the global meltdown in the financial markets. However, many of the recent financial calamities were created by those who had little or no understanding of the most important four letter word in finance; RISK. This is to suggest that there were untold numbers of derivative products/trades that passed through the financial system without incident. Yet, public, political and professional sentiment is running high against any form of derivative or swap products period. This is a shame because such products when structured intelligently create an easily measured level of risk for all parties connected to the transaction. Bottom line, it is a poor workman who blames his tools!

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