Portable Alpha Theory and Practice: What Investors Really Need to Know (Wiley Finance)

As an original innovator of the portable alpha concept, PIMCO has been managing an increasing number of different portable alpha strategies for investors since 1986. And now, with __Portable Alpha Theory and Practice,__ the PIMCO team shares their extensive experiences with you. Filled with in-depth insights and expert guidance, this reliable resource provides an informative look at portable alpha and key related concepts, as well as detailed discussion on the many ways it can be applied in real-world situations "While portable alpha strategies have been around for over twenty years, the recent increase in investor risk tolerance and an associated focus on strategies with high return potential, combined with comfort in using derivatives, has contributed to a proliferation of portable alpha strategies and related services. Compared to traditional investment options, many portable alpha structures are considerably more complex - but they can also be very powerful and well worth the extra time and effort involved in understanding them." "As an original innovator of the concept, PIMCO has been managing an increasing number of different portable alpha strategies for investors since 1986. And now, with Portable Alpha Theory and Practice, the PIMCO team shares their extensive experiences with you."--BOOK JACKET Overview of book and key concepts / Sabrina Callin Portable alpha definitions and trends / Sabrina Callin Back to the basics: investments 101 / Alfred Murata and Sabrina Callin Asset allocation and portable alpha / Rob Arnott and Brent Harris Alpha, beta, and alpha-beta separation / Sabrina Callin Global sources of portable alpha, associated risks, and active management / Sabrina Callin ... [et al.] Derivatives-based beta management / Jim Kelller and Mihir Worah Portable alpha implementation / Sabrina Callin The real holy grail: risk measurement and management / Vineer Bhansali Liability-driven investing / Jim Moore Portable alpha theory and practice: wrapping it up / Sabrina Callin.