Alternative Investment Strategies

Through its many activities in recent years, AIMA has increasingly seen investors seek greater returns and a diversification of portfolio allocation. This has led to the development of the alternative investment industry, including private equity and venture capital, securitized products, real estate and skill-based strategies such as hedge funds, managed funds, managed futures and commodities. With well over US$1 trillion under management within the alternative investment sector in 1997 and a projected annual growth of 15-20% over the following five years, the need for a clear outline on what these investments comprise is foremost in answering investor's many questions. The first of its kind, this book brings together in one publication, chapters on skill-based investment strategies such as hedge funds, managed futures and futures and currencies. It also provides detailed insight into: developments affecting asset-backed securities (CLOs/CBOs); emerging-market fixed-income debt; credit and insurance derivatives. The core of the book has been written by market practitioners and aims to define the changing world of alternative investments while stressing the benefits offered by these strategies. The overall objective is to facilitate the investment decision process of institutional investors.