About this product: Minimize risk and maximize profits with convertible arbitrage Convertible arbitrage involves purchasing a portfolio of convertible securities-generally convertible bonds-and hedging a portion of the equity risk by selling short the underlying common stock. This increasingly popular strategy, which is especially useful during times of market volatility, allows individuals to increase their returns while decreasing their risks. Convertible Arbitrage offers a thorough explanation of this unique investment strategy. Filled with in-depth insights from an expert in the field, this comprehensive guide explores a wide range of convertible topics. Readers will be introduced to a variety of models for convertible analysis, "the Greeks," as well as the full range of hedges, including titled and leveraged hedges, as well as swaps, nontraditional hedges, and option hedging. They will also gain a firm understanding of alternative convertible structures, the use of foreign convertibles in hedging, risk management at the portfolio level, and trading and hedging risks. Convertible Arbitrage eliminates any confusion by clearly differentiating convertible arbitrage strategy from other hedging techniques such as long-short equity, merger and acquisition arbitrage, and fixed-income arbitrage. Nick Calamos (Naperville, IL) oversees research and portfolio management for Calamos Asset Management, Inc. Since 1983 his experience has centered on convertible securities investment. He received his undergraduate degree in economics from Southern Illinois University and an MS in finance from Northern Illinois University.
About this product: Only a few times in a lifetime does a golden novel appear that captures the spirit of a generation and the heart of America. For millions of readers, that novel is The Last Convertible. This New York Times bestseller from the acclaimed author of Once an Eagle tells the story of five Harvard men, the women they loved, their coming of age through the dark days of World War II, and the elegant car that came to symbolize their romantic youth.
About this product: Ask for a Convertible is a wonderfully assured debut that ponders what it means to be Israeli, to be American, or to be a little bit of both. In there connected stories, Danit Brown introduces Osnat Greenberg: a slightly fatalistic, darkly funny, and utterly winning heroine who is struggling to find her place in the world.
In the 1980s, Osnat moves with her American father and Israeli mother from Tel Aviv to Michigan. She's leaving behind security threats and a crazy grandmother, but entering a world where she seems doomed never to fit in. Her father hated absolutely everything about life in Israel; her mother hates absolutely everything about life in America.
Osnat's best friend and sort-of-boyfriend, Sanjay, Indian by birth, instructs her on the "arts" of assimilation; later, as Osnat moves into her twenties, a series of boyfriends all named Chris misguidedly attempt to instill her with holiday cheer. An Israeli soldier visiting the United States makes Osnat realize that it's time to face what she believes is her cowardly past. But it's her friend Harriet, an American who as a child practiced holding her breath just in case Nazis took over the Midwest, who somehow manages to show Osnat the meaning of home.
As the perspective shifts among the characters--spanning fifteen years, returning to Tel Aviv and then going back again to Michigan--Osnat tries (and often fails) to belong. Danit Brown gives is an irreverent portrait of a young woman for whom finding a foothold in the world is an obsession, a challenge, and a great adventure.
A Car Seat in My Convertible? helps readers find the excitement about this life stage transition—that of becoming a grandmother. Readers recognize and take advantage of their special spiritual role in the lives of their grandkids. Packed with practical tips on how to play and teach grandkids, being a great long-distance grandma, holiday celebration ideas, A Car Seat in My Convertible? also includes advice on everything from communicating God’s love unconditionally, relating to other in-laws, etc. Using humor,readers will laugh as they read the first-person letters from veteran grandmothers whoshare advice on very specific “grandmotherly” topics but also provide answers to some of those unasked grandmother questions.
About this product: The Convertible Bonds (CB) market is growing all the time. To date, over one trillion dollars worth of CBs are in circulation. Corporations are finding this source of fund-raising more and more attractive. And for different reasons, the buyers are finding CBs increasingly attractive investment vehicles.
There are few works on the subject of pricing convertible bonds. Most books discussing derivative products cover all details of pricing futures and options in minute detail. Convertible bonds and warrants are usually mentioned as an after thought in the latter chapters. This is the first book to address the very complex issue of pricing convertible bonds.
Kevin Connolly, Researcher of complex volatility trading for Refco Overseas Ltd. and Lecturer at City University Business School and London Guildhall University, has put together an excellent treatment of pricing convertible bonds, delving into topics such as: * Returns distributions and associated descriptive statistics * Modeling the share price process * The basic convertible bond model * Introducing the complications * Convertible bond sensitivities * Using equity warrant models to price CBs * Refix clauses
Fund managers, hedge players/traders, undergraduates and postgraduates will find this book invaluable. Easy to understand software on Microsoft Excel spreadsheets is also supplied.
About this product: Proven convertible investing approaches from a global leader Global Convertible Investing: The Gabelli Way offers novice and experienced investors alike a comprehensive guide. In-depth analysis takes readers step-by-step through the process of understanding what convertibles are, how to value and price them, how to identify convertibles with potential, and how to profit from them. The proven approaches of the Gabelli Asset Management firm gives readers an inside perspective on option pricing theory, convertible valuation techniques, mandatory convertible securities, and much more. With Global Convertible Investing: The Gabelli Way readers will be able to learn from the firm's proven methods and approaches and apply them to use convertibles as a profitable investment vehicle for themselves.
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