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Currency Overlay

By Neil Record

Currency Overlay Law

Currency Overlay

0 - Used - good
Description
Currency overlay has grown in parallel with the international diversification of institutional investment portfolios. Currency overlay mandates now cover around $100bn in assets, and 18 years since the first overlay mandate, currency overlay has now come of age. Currency Overlay looks at all the components that make up an overlay mandate and the decisions and analysis leading up to it. It is written in an accessible style, designed for the interested asset manager, pension fund manager, investment consultant, trustee or student. Many of the author's analyses start from first principles. Concepts important to the case are fully explained before utilising them, allowing the reader with no prior knowledge of the subject to exercise independent judgement. The author makes wide use of self-contained 'boxes' to illustrate and explain particular elements or concepts. Currency Overlay covers, amongst other topics: * The theoretical case for eliminating currency risk in international portfolios
* The interplay between asset returns and currency returns, and the effect of this on hedging decisions
* Benchmarks - their construction and strategic role
* Least-cost passive overlay
* The structure of the currency market, and its 'inefficiencies'
* Active overlay styles
* Active overlay both restricted and unrestricted (currency alpha)
Product details
Edition:
1
Number of Pages:
320
Release Date:
2003-09-29
Publication Date:
2003-11-07
Publisher:
Wiley
Languages:
Original: English
ISBN10:
0470850272
ISBN13:
9780470850275
GPSR Manufacturer Reference:
[email protected]
Weight:
762 g
Height:
170 cm
Width:
258 cm
Thickness:
24 cm
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