Meyer / Cornelius / Diller Mastering Illiquidity

Risk management for portfolios of limited partnership funds
1. Auflage 2013
ISBN: 978-1-119-95281-7
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 304 Seiten, E-Book

Reihe: Wiley Finance Series

Arms investors with powerful new tools for measuring andmanaging the risks associated with the various illiquid assetclasses
With risk-free interest rates and risk premiums at record lows,many investors are turning to illiquid assets, such as real estate,private equity, infrastructure and timber, in search of superiorreturns and greater portfolio diversity. But as many analysts,investors and wealth managers are discovering, such investmentsbring with them a unique set of risks that cannot be measured bystandard asset allocation models. Written by a dream team ofglobally renowned experts in the field, this book provides a clear,accessible overview of illiquid fund investments, focusing on whatthe main risks of these asset classes are and how to measure thoserisks in today's regulatory environment.
* Provides solutions for institutional investors in need ofguidance in today's regulatory environment
* Offers detailed descriptions of risk measurement in illiquidasset classes, illustrated with real life case studies
* Helps you to develop reliable risk management tools whilecomplying with the regulations designed to contain the individualand systemic risks arising from illiquid investments
* Features real-life case studies that capture an array of riskmanagement scenarios you are likely to encounter

Autoren/Hrsg.

Meyer, Thomas

Cornelius, Peter

Diller, Christian

Guennoc, Didier

Über Autor(innen)

Dr PETER CORNELIUS is heading AlpInvest Partners'economic and strategic research. Prior to his current position, hewas the Group Chief Economist of Royal Dutch Shell, chief economistand Director of the World Economic Forum's GlobalCompetitiveness Program, Head of International Economic Research ofDeutsche Bank, a senior economist with the International MonetaryFund, and a staff economist of the German Council of EconomicAdvisors. He is the chairman of EVCA's 'RiskMeasurement Guidelines' working group. He has been an adjunctprofessor at Brandeis University and a Visiting Scholar at HarvardUniversity and has published widely in leading academic and tradejournals and (co)authored several books, including InternationalInvestments in Private Equity (Elsevier/Academic Press).
Dr CHRISTIAN DILLER is co-founder of Montana CapitalPartners, focused on secondary liquidity in private equity throughits own innovative investment product, sophisticatedsecuritizations and risk management services for institutionalinvestors. Previously, he was Head of Solutions at Capital Dynamicsleading the structuring and portfolio and risk managementactivities. Christian advised some of the world's largestinvestors on portfolio rebalancing and structuring, cash flowplanning and risk management in private equity. Prior to that, heworked for Allianz Group and Pioneer Investments. Christian is amember of the EVCA's 'Risk MeasurementGuidelines' working group, co-chairman of the'Technical Working Group on Solvency II & IORP' andlecturer at the CIPEI course held by the Oxford Said BusinessSchool. He is author of several articles for practitioners andacademics and holds a Dr. rer. pol. in finance specializing onrisk-/return characteristics of private equity funds.
Dr DIDIER GUENNOC is co-founder of LDS Partners,specialised in decision systems, program structuring, corporategovernance and risk management solutions for institutionalinvestors in private equity. He also acts as the secretary of theInternational Private Equity and Venture Capital Valuation Board(IPEV Board). Previously he worked for Origo Management and advisedEVCA, the European Private Equity and Venture Capital Associationon public affairs, statistics and professional standards. Hestarted his career at Xerfi, the leading French market researchcompany. Didier was a member of the advisory board of the Centrefor Entrepreneurial and Financial Studies (TechnischeUniversität München - Germany) and of the privateequity subcommittee of the Chartered Alternative InvestmentAnalyst® Program. Didier holds a PhD in BusinessAdministration from the University Robert Schuman, Strasbourg(France).
Dr THOMAS MEYER is co-founder of LDS Partners,specialised in decision systems, program structuring, corporategovernance and risk management solutions for institutionalinvestors in private equity. Previously he was with EVCA, theEuropean Investment Fund and Allianz Asia Pacific. He is a memberof the EVCA's 'Risk Measurement Guidelines'working group and of the Chartered Alternative Investment AnalystAssociation's (CAIA) private equity sub-committee and aShimomura Fellow of the Development Bank of Japan's ResearchInstitute of Capital Formation. Thomas is co-directing theCertificate in Institutional Private Equity Investing (CIPEI)course held by the Oxford Said Business School's PrivateEquity Institute and co-authored several books including Beyondthe J-Curve and J-Curve Exposure.