Product Description

Bond Portfolio Investing and Risk Management -- Andrew Ang, Ann F. Kaplan Professor of Business, Columbia Business School -- Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University -- Paul McCulley, Managing Director, PIMCO -- Bruce Tuckman, author of Fixed Income Securities and Director of Financial Markets Research, Center for Financial Stability -- Andrew W. Lo, Director, Laboratory for Financial Engineering, MIT Sloan School of Management About the Book helps you build portfolios to add value through every kind of economic cycle. Sharing his years of experience constructing robust, wellperforming portfolios that have navigated recurring crises, PIMCO portfolio manager Vineer Bhansali explores the various risk factors inherent in fixed income investments, including yield curve shifts, twists, liquidity, and evolving risk factors such as government policy. Under an option-theory based riskand- return framework, you will gain intimate knowledge of the right valuation, investment, and risk management tools and confidently put them to use in practical portfolio construction. Basing his conclusions on his own expertise and the latest academic and practitioner research, Bhansali provides valuable insight into topics you would be hard-pressed to find elsewhere, such as: simplifies the concepts you need to understand--without making them simplistic. It offers the newest research-based frameworks for approaching the risks with the greatest likelihood to pay off and walking away from those that won't. While state of the art in its content, the book emphasizes a commonsense approach that has weathered the test of time and market volatility. From one of the most knowledgeable people in the business, may be the most thorough, up-to-date book you will find for constructing highly effective toolkits faster and better than ever before.