Full Description
By displaying examples of derivatives applications in a series of investment settings, this book aims to educate readers on the use of these instruments. It helps readers to bridge the gap between the theory and practice of derivative instruments. It provides real-world applications of derivatives demonstrating how they can be used to achieve specific investment purposes, and will be of interest to investment management professionals including portfolio managers, risk managers, and trustees, alongside professors teaching and students studying asset management.
Contents
Part 1: Derivatives Fundamentals for Asset Managers.- Chapter 1: Introduction.- Chapter 2: Equity Derivatives.- Chapter 3: Bond-Related Derivatives.- Chapter 4: Foreign Exchange Derivatives.- Chapter 5: Volatility Derivatives.- Chapter 6: Managing Volatility and Capturing Returns Through Derivatives.- Chapter 7: Using Derivatives to Rebalance A Multi-Asset Portfolio with Private Investments.- Chapter 8: Option Income Strategies Design.- Chapter 9: Liquidity Management with Stock-Index Futures.- Chapter 10: Performance Attribution Analysis for Derivatives.- Chapter 11: Extracting Market Views from Derivative Prices.- Part 2: Case Studies in Managing Risk and Capital Protection.- Chapter 12: Risk Management with Stock Index Futures and Put Options.- Chapter 13: Using Options for Tail Risk Hedging.- Chapter 14: Bond Portfolio Hedging with U.S. Treasury Futures.- Chapter 15: Consumer Mortgage Portfolio Hedging with Interest Rate Swaps.- Chapter 16: Hedging Interest Rate Risk in Life Insurance Using Interest Rate Derivatives.- Chapter 17: Hedging Systematic Risk in High Yield with Equity Derivatives.- Chapter 18: Hedging the Mortgage Pipeline with To-Be-Announced (TBA) Securities.- Chapter 19: Application of FX Options in Portfolio Management.- Chapter 20: FX Forward Contracts for Portfolio Management Applications.- Part 3: Case Studies in Leverage and Exposure Management.- Chapter 21: Exploring the Mechanics and Applications of Equity Swaps in Investment Portfolios.- Chapter 22: Cash Equitization in Global Equity and Multi-Asset Portfolios.- Chapter 23: Quantifying Event Risk with Equity Options.- Chapter 24: Hedging Interest-Rate in High-Yield Bonds.- Chapter 25: The Role of Futures in Tactical Asset Allocation: Managing Market Exposure.- Chapter 26: Use of Derivatives in Overlays: Downside Protection and Upside Capture.- Chapter 27: Currency Hedging with a Derivatives Overlay.- Part 4: Case Studies in Income Enhancement Strategies.- Chapter 28: Managing Path Dependency and Balancing Yield in Option Income Strategies.- Chapter 29: Harvesting Volatility Risk Premium with Equity Index Options.- Chapter 30: Augmenting Covered Call Returns with Stock Index Options.- Chapter 31: Targeting Options-Based Income with Puts and Calls.- Chapter 32: Efficiently Replicating Corporate Bond Returns with CDS Indices.- Chapter 33: Using Credit Default Swaps to Enhance the Return-to-Risk Profile of Buy-and-Hold Bond Portfolios.
