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Investing in Corporate Bonds and Credit Risk By: Jan Seifert, Alexander Mertz, Frank Hagenstein Normal price: 125 Our price: 112.5 + postage Bargain: save £12.5 ! Product code: 17971 ISBN: 140393469X 200 pages Format: Hb Published by: Palgrave MacMillan, 2004, 1st edition There are no reviews available for this book Description of Investing in Corporate Bonds and Credit Risk Investing in Corporate Bonds and Credit Risk is a valuable tool for any corporate bond investor. All the most recent developments and strategies in investment in corporate bonds are analyzed included with qualitative and quantitative approaches. A complete and up-to-date investment process is developed through the book, using many examples taken from banking practice. The growing significance of derivative instruments and credit diversification to bond investors is also analyzed in detail. Investing in Corporate Bonds and Credit Risk - Chapter headings Foreword Introduction Background Organization of the Book The Setting for Credit Management Investment Process Structure of the Investment Process Diversification in 3D Qualitative vs Quantitative Analyses Performance Targets Strategic Asset Allocation Structure of the Top-down Analysis Portfolio Beta Macro Models Valuation Tactical Asset Allocation Industry Selection Credit Curve Management Management of Duration and Yield Curve Yield Enhancement Through Option Strategies Quantitative Models Credit Research Structure of the Bottom-up Analysis Financial Analysis Liquidity Analysis The Capital Structure Bond Covenants Relative Value Tools Credit Research Availability Credit Market Instruments High Yield Crossover Credits Convertibles Credit Default Swaps (CDS) Collateralised Debt Obligations (CDOs) Credit Indices Exchange Traded Funds Ratings Portfolio Optimization Characteristics of Corporate Bond Returns (Skewness, Excess Kurtosis, Nontrading and Nonsynchronous Trading) Optimization in a Shortfall Risk Framework Stochastic Dominance A Case Study Long-term Characteristics of Corporate Bond Portfolios Total Return Concepts with Credits Risk Management A Disciplined Approach Risks and Opportunities Minimum Diversification Requirements Default Correlation Within Credit Portfolios Benchmarking of Credit Portfolios Value at Risk Contractual and Legal Restrictions Authobiography of Jan Seifert, Alexander Mertz, Frank Hagenstein FRANK HAGENSTEIN is Head of Corporate Bonds at Union Investment Privatfonds GmbH in Frankfurt and co-author with Tim Bangemann of Active Fixed Income and Credit Management, Palgrave Macmillan 2002. ALEXANDER MERTZ is Portfolio Manager at Union Investment Privatfonds. JAN SEIFERT is Portfolio Manager at Union Investment Privatfonds.