Venture capital and the finance of innovation

This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. It presents a new unified treatment of investment decision making and mark-to-market valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the ...

Credit models and the crisis

a journey into CDOs, copulas, correlations and dynamic models

The recent financial crisis has highlighted the need for better valuation models and risk management procedures, better understanding of structured products, and has called into question the actions of many financial institutions. It has become commonplace to blame the inadequacy of credit risk models, claiming ...

The trade lifecycle

behind the scenes of the trading process

Every person working in an investment bank or hedge fund has a large part of his work connected to the lifecycle of a trade. It is the glue by which all the departments are bound and the aggregated success or failure of each trade determines ...

Risk finance and asset pricing

value, measurements, and markets

A comprehensive guide to financial engineering that stresses real-world applications Financial engineering expert Charles S. Tapiero has his finger on the pulse of shifts coming to financial engineering and its applications. With an eye toward the future, he has crafted a comprehensive and accessible book ...

Derivatives demystified

a step-by-step guide for forward, futures, swaps and options

Derivatives are everywhere in the modern world and it is important for everyone in banking, investment and finance to have a good understanding of the subject. Derivatives Demystified provides a step-by-step guide to the subject, enabling the reader to have a solid, working understanding of ...

Fixed income securities and derivatives handbook

analysis and valuation

"Once again the prolific Moorad Choudhry has triumphed in producing a comprehensive and lucid guide to an area of the financial markets--this time fixed income and derivatives. I believe his books will come to be seen as the definitive guides to the money and capital ...

The Ed Ponsi Forex Playbook

strategies and trade set-ups

This is a practical guide to trading the foreign exchange market. "The Ed Ponsi Forex Playbook" offers a visual approach to learning specific trading strategies and identifying profitable trading opportunities in the Forex arena. Page by page, it skillfully describes strategies for long-term trading, swing ...

When prime brokers fail

the unheeded risk to hadge funds, banks, and the financial industry

When Prime Brokers Fail is a detailed look at the relationship between hedge funds and their brokerages and the risks that multiply in extraordinary markets. This relationship has been the source of unexpected risk for banks lending to highly leveraged hedge funds, as well as ...

Credit risk modeling using Excel and VBA

In today's increasingly competitive financial world, successful risk management, portfolio management, and financial structuring demand more than up-to-date financial know-how. They also call for quantitative expertise, including the ability to effectively apply mathematical modeling tools and techniques, in this case credit. Credit Risk Modeling ...

Extreme events

robust portfolio construction in the presence of fat tails

With slight exaggeration, a case can be made that modern finance has been built, in practice, if not in theory, on implicit tolerance and widespread ignorance of extreme events." -Jean Pierre Landau, Deputy Governor, Banque du France Markets are fat-tailed; extreme outcomes occur more often ...

Zero-Sum Game

the rise of the world's largest derivatives exchange

In 2007, a stranger-than-fiction multibillion-dollar bidding war for the Chicago Board of Trade (CBOT) erupted between the Chicago Mercantile Exchange (CME) and Atlanta's IntercontinentalExchange (ICE). Zero-Sum Game: The Rise of the World's Largest Derivatives Exchange takes readers behind the scenes of this battle ...

Fred Schwed's where are the customers' yachts?

a modern-day interpretation of an investment classic

The title of this 1955 book refers to a story about a visitor to New York who admired the yachts of the bankers and brokers. Naively, he asked where all the customers' yachts were? Of course, none of the customers could afford yachts, even though ...

The futures

the rise of the speculator and the origins of the world's biggest markets

Forbes magazine's Emily Lambert take us behind the scenes of the biggest markets in the world and into the oversize personalities of the men who make them happen. Commodities exchanges have become some of the largest financial markets in our global economic system, yet ...

La gestión del riesgo operacional en las entidades financieras españolas

(2007-2008)

La Fundación de la Universidad de Cantabria para el Estudio y la Investigación del Sector Financiero (UCEIF) se constituye en 2006, bajo el patronazgo de la Universidad de Cantabria y el Banco Santander, con el propósito de convertirse en una institución de referencia en la ...

Mastering derivatives markets

a step-by-step guide to the products, applications and risk

"The first port of call for anyone looking to truly understand derivatives markets, appreciate the role they play within the global financial system and develop the technical knowledge to trade." Matthew Thompson, Chief Strategy & Business Development Officer, Dubai Mercantile Exchange "An essential read for anyone ...

The big short

inside the Doomsday machine

Truth really is stranger than fiction. Who better than the author of the signature bestseller Liar's Poker to explain how the event we were told was impossible - the free fall of the American economy - finally occurred; how the things that we wanted, like ridiculously ...

Private equity

fund types, risks and returns, and regulation

Ed. Doiglas Cumming. With private equity differing from other asset classes, it requires a whole new approach for those trained in more traditional investments such as stocks and bonds. But with the right guidance, you can gain a firm understanding of everything private equity has ...

Fund of funds investing

a roadmap to portfolio diversification

This title offers valuable guidance on fund of funds investing. While capital markets have become more complex, investors are still looking to increase portfolio performance without increasing risk. Fund of funds investing is one such avenue to pursue. This practical guide provides you with the ...

The masters private equity and venture capital

management lessons from the pioneers of private investing

Ten Leading private investors share their secrets to maximum profitability In The Masters of Private Equity and Venture Capital, the pioneers of the industry share the investing and management wisdom they have gained by investing in and transforming their portfolio companies. Based on original interviews ...

Private equity and venture capital in Europe

markets, techniques, and deals

The distinctive nature of the European PE/VC environment is on display in Stefano Caselli's presentation of its complete conceptual framework, from the volatile (its financial side) to the stable (its legal organization). A Bocconi University professor, Caselli offers a European perspective on market ...