Product Cover Image

Generation Alt: The New Movement in Alternative Investing

By Clifford Jack

Published by FT Press

Published Date: Jul 28, 2014

Description

Focusing on a new movement in alternative investing, this book provides insight into this exciting portfolio strategy.  The author demystifies and uncovers the alternative asset class; educates and entertains everyday investors with colorful analogies and easy-to-understand methodologies; identifies useful portfolio strategies, tools and techniques in alternative investing. Following the worst global financial crisis, volatility and a low interest rate environment remain major concerns for investors. Clifford Jack combines the art of analogy and the science of methodology to help investors seek out ideas on building a portfolio.  He digs deep to uncover and help simplify the alternative asset class.  This timely and insightful read will help everyday investors gain insight into alternative investing.  

Table of Contents

Foreword     x
Chapter One:  What Goes Up...     1
Chapter Two:  The Modern Portfolio Problem     9

   The Long and Winding Road: Preparing for the Ride      11
   Employers Stall Out: Finding a New Map to Your Financial Future     14
   From the Alt Vault: Valuable Takeaways from Chapter Two     18
Chapter Three:  A Volatile Reality     19
   Motion Sickness: Markets Are Increasingly Cyclical     20
   Investor Shock: When Fear Leads to Missed Opportunities     25
   New Prescription: Rethink Buy-and-Hold     27
   Is It Time to See a Specialist? The Role of Proper Diversification.     28
   Radical Idea: Do Something Different     29
   From the Alt Vault: Valuable Takeaways from Chapter Three     29
Chapter Four:  It’s a Smaller World After All     31
   Booster Shot: Globalization Begins     33
   Immune System Breakdown: Volatility Reaches Fever Pitch     35
   Modern Medicine: Combating Home Country Bias     36
   Second Opinion: The Best Advisors Seek the Counsel of Their Peers     38
   Fatal Mistake: Do Nothing     40
   From the Alt Vault: Valuable Takeaways from Chapter Four     40
Chapter Five:  Disappearing Diversification     43
   Sugary Sweet: Learning Self-Control     45
   Similar Taste: The Rise of Correlation     46
   Proper Diversification: A Well-Balanced Diet     51
   Thirst for Diversification: Develop an All-Weather Strategy     51
   From the Alt Vault: Valuable Takeaways from Chapter Five     53
Chapter Six:  Exploring the Alternative Universe     55
   Flight Plan: Collaborate to Win     56
   Down to Earth: What It Means for the Average Investor     60
   Alternative Investments: No Longer So Alien     62
   From the Alt Vault: Valuable Takeaways from Chapter Six     65
Chapter Seven:  Play the Percentages     67
   Risk Mitigation: Eye on the Ball     68
   Loss Aversion: Play It Safe     69
   Hall of Fame: Unparalleled Returns     71
   From the Alt Vault: Valuable Takeaways from Chapter Seven     75
Chapter Eight:  Beta Blockers     77
   The Prescription: Bringing Balance     78
   Better Beta: Reduce Stress     81
   Clinical Trial: Safe for Public Use?     83
   Risk Parity     86
   From the Alt Vault: Valuable Takeaways from Chapter Eight     87
Chapter Nine:  Think Outside the Style Box     89
   Boxing Out: A Defensive Strategy     90
   Xs and Os: Running a New Play     93
   Driving the Lane: The Importance of
   (Timely and Consistent) Yield     95
   From the Alt Vault: Valuable Takeaways from Chapter Nine     97
Chapter Ten:  The Scouting Report     99
   Due Diligence: A Fundamental Layup     101
   Size and Reach: Is Bigger Better?     102
   Team Performance: Stars vs. Cellars     103
   Preparation: The REIT Way to Do It     103
   Expensive Egos: Managing the Managers     104
   From the Alt Vault: Valuable Takeaways from Chapter Ten     105
Chapter Eleven:  Survival of the Fittest     107
   Hedge Funds: Asset Hunters and Gatherers and More     109
   Alternative Investments: Global Migration Patterns     111
   From the Alt Vault: Valuable Takeaways from Chapter Eleven     113
Chapter Twelve:  Fast and Furious     115
   Post-Modern Portfolios: Revving the Engine     117
   Getting Tactical: Rotate the Tires     118
   Alternative Investments: Riding an Annuity Chassis     120
   Portfolio Optimization: Balancing Risk and Return     122
   Portfolio Overlay: Understanding the Diagnostics      122
   From the Alt Vault: Valuable Takeaways from Chapter Twelve     123
Chapter Thirteen:  How Leverage Works     125
   The Mortgage Industry: Strawberry Fields Forever     127
   130/30 Funds: Short But Growing Longer     128
   Leverage: Note the Danger and Look Down     129
   From the Alt Vault: Valuable Takeaways from Chapter Thirteen     131
Chapter Fourteen:  Over the Hedge     133
   Hedge Funds     135
   Partnerships.     139
   Liquidity and Alternatives     141
   From the Alt Vault: Valuable Takeaways from Chapter Fourteen     143
Chapter Fifteen:  Strategy and Execution     145
   Relative Value     149
   Event-Driven     151
   Equity L/S     152
   Global Macro     153
   Multi-Strategy     155
   From the Alt Vault: Valuable Takeaways from Chapter Fifteen     155
Chapter Sixteen:  Completing the Picture     157
   So What Now?     159
   10 Important Points to Remember     159
Glossary     163
Index     173




Purchase Info

ISBN-10: 0-13-339190-6

ISBN-13: 978-0-13-339190-9

Format: Book

$29.99 | Free Ground Shipping.

Add to Cart

Digital Choices ?

MyLab & Mastering with Pearson eText is a complete digital substitute for a print value pack at a lower price.

eBook (Watermarked) ?

Includes EPUB, MOBI, and PDF

This eBook includes the following formats, accessible from your Account page after purchase:

ePubEPUBThe open industry format known for its reflowable content and usability on supported mobile devices.

MOBIMOBIThe eBook format compatible with the Amazon Kindle and Amazon Kindle applications.

Adobe ReaderPDFThe popular standard, used most often with the free Adobe® Reader® software.

This eBook requires no passwords or activation to read. We customize your eBook by discretely watermarking it with your name, making it uniquely yours.

eTextbook ?

With CourseSmart eTextbooks and eResources, you save up to 60% off the price of new print textbooks, and can switch between studying online or offline to suit your needs.

Once you have purchased your eTextbooks and added them to your CourseSmart bookshelf, you can access them anytime, anywhere.