Convertible Arbitrage: Insights And Techniques For Successful Hedging

Brand: Wiley
SKU: DADAX0471423610
ISBN : 9780471423614
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Convertible Arbitrage: Insights and Techniques for Successful Hedging

Minimize risk and maximize profits with convertible arbitrage
Convertible arbitrage involves purchasing a portfolio of convertible securities-generally convertible bonds-and hedging a portion of the equity risk by selling short the underlying common stock. This increasingly popular strategy, which is especially useful during times of market volatility, allows individuals to increase their returns while decreasing their risks. Convertible Arbitrage offers a thorough explanation of this unique investment strategy. Filled with in-depth insights from an expert in the field, this comprehensive guide explores a wide range of convertible topics. Readers will be introduced to a variety of models for convertible analysis, "the Greeks," as well as the full range of hedges, including titled and leveraged hedges, as well as swaps, nontraditional hedges, and option hedging. They will also gain a firm understanding of alternative convertible structures, the use of foreign convertibles in hedging, risk management at the portfolio level, and trading and hedging risks. Convertible Arbitrage eliminates any confusion by clearly differentiating convertible arbitrage strategy from other hedging techniques such as long-short equity, merger and acquisition arbitrage, and fixed-income arbitrage.
Nick Calamos (Naperville, IL) oversees research and portfolio management for Calamos Asset Management, Inc. Since 1983 his experience has centered on convertible securities investment. He received his undergraduate degree in economics from Southern Illinois University and an MS in finance from Northern Illinois University.

Specifications of Convertible Arbitrage: Insights and Techniques for Successful Hedging

GENERAL
AuthorNick P. Calamos
BindingHardcover
LanguageEnglish
Edition1
ISBN-100471423610
ISBN-139780471423614
PublisherWiley
Number Of Pages272
Publication Date2003-06-13
DIMENSIONS
Height9.13 inch.
Length6.32 inch.
Width1.07 inch.
Weight1.15 pounds.

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