Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Bond Portfolio Investing and Risk Management: Positioning Fixed Income Portfolios for Robust Returns After the Financial Crisis

Bond Portfolio Investing and Risk Management: Positioning Fixed Income Portfolios for Robust Returns After the Financial Crisis

Bhansali, Vineer

Hardcover

Investing & Finance

ISBN10: 0071623701
ISBN13: 9780071623704
Publisher: McGraw-Hill Companies
Published: Sep 9 2010
Pages: 352
Weight: 1.31
Height: 1.11 Width: 6.56 Depth: 9.28
Language: English
Excess returns or yields do not come without risk. Bond Portfolio Investing and Risk Management delves comprehensively, but intuitively, into the various risk factors and delivers the tools to understand, measure, control, and take advantage of risk premiums in practicalfixed income investing. As the financial crisis has made all too clear, this book's unifying treatment of risk and return is essential for all bond investors. -- Andrew Ang, Ann F. Kaplan Professor of Business, Columbia Business School

This moves instantly to the top of my recommended list of important reading for concept-oriented fixed income investors. Profit by learning how a true expert makes risk-return trade-offs when constructing portfolios of bonds and related derivatives. -- Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University

Vineer Bhansali combines the mathematical rigor of a trained physicist with the commonsense wisdom of a school-of-hard-knocks practitioner to deliver a unique prism into the world of bond investment and risk management post the Financial Crisis. The book is not just valuable, but extremely timely. You won't want to read it quickly, but slowly and thoughtfully, as it is an analytical mosaic, not simply a well-written narrative, even though it is indeed that. Bravo, Vineer! -- Paul McCulley, Managing Director, PIMCO

Drawing on his years of experience as a portfolio manage, his knowledge of and contributions to the academic literature, and his quantitative training, Bhansali bridges the gap between book knowledge and the practicalities of successful, long-term investing. By focusing attention on big-picture questions that are often forgotten in the course of portfolio 'optimization'--Which options are you short? Who else is in the trade? What will happen in a liquidity-stress scenario?--this book will help asset managers to improve the risk-returncharacteristics of their portfolios and to avert disasters. -- Bruce Tuckman, author of Fixed Income Securities and Director of Financial Markets Research, Center for Financial Stability

Fixed-income markets used to be peaceful and quiet, but the last several years have shown that these markets can be a little too exciting from time to time, and in this wonderful volume, Vineer Bhansali has done a masterful job of telling us how to deal with this new fixed-income world. With a Ph.D. in particle physics and enormous practical experience in the markets, Dr. Bhansali is uniquely qualified to help investors and portfolio managers navigate through the choppy waters that will likely characterize the financial system for the next several years. -- Andrew W. Lo, Director, Laboratory for Financial Engineering, MIT Sloan School of Management

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