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Investment & securities

See below for a selection of the latest books from Investment & securities category. Presented with a red border are the Investment & securities books that have been lovingly read and reviewed by the experts at Lovereading. With expert reading recommendations made by people with a passion for books and some unique features Lovereading will help you find great Investment & securities books and those from many more genres to read that will keep you inspired and entertained. And it's all free!

Sovereign Derivatives + Website

Sovereign Derivatives + Website

Author: Pablo Triana Format: Hardback Release Date: 05/02/2021

A comprehensive guide to sovereign derivatives and their role in the global economy Sovereign Derivatives is a technical guide for parsing the issues surrounding the sovereign debt market, using a global approach and a focus on real-life developments and practices. Extensive case studies on the most recent issues facing Europe and the global financial markets illustrate market-to-market issues, pre-hedges, big swap losses, debt manipulation through swaps, and more, giving you invaluable insight toward evaluating the dangers and opportunities of large sovereign derivative holdings. Both informative and normative, this book explores the sovereign CDS market, the Greek CDS saga, Libor manipulation, and the various ways in which sovereign derivatives are used and misused around the globe. Europe's growing debt woes have brought sovereign derivatives to the fore of the global finance discussion. This book is a central reference for understanding and working with these entities, giving you the tools and information you need to mitigate risk and build a better-informed derivatives strategy. * Understand how Basel III impacts sovereign derivatives * Learn what GDP derivatives are and how to price them * Use derivatives as tools to promote development and manage public debt * Consider the systemic risk in banks' derivatives exposure to sovereign entities The size of European banks' derivatives exposure to sovereign entities is enormous, arriving from transactions with central and local governments. With Greece on the brink of debt, sovereign derivatives are poised to be the instrument behind systemic collapse the way MBS and CDS fueled the 2008 U.S. housing collapse. Savvy traders and risk managers need to stay ahead of the game, and Sovereign Derivatives provides a complete reference for handling these instruments with care.

Pills, Profits, and Politics

Pills, Profits, and Politics

Author: Milton M. Silverman, Philip R. Lee, John W. Gardner Format: Hardback Release Date: 05/02/2021

This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1974.

Pills, Profits, and Politics

Pills, Profits, and Politics

Author: Milton M. Silverman, Philip R. Lee, John W. Gardner Format: Paperback / softback Release Date: 05/02/2021

This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1974.

Portfolio Management in Practice, Volume 3

Portfolio Management in Practice, Volume 3

Author: CFA Institute Format: Paperback / softback Release Date: 03/02/2021

Portfolio Management in Practice, Volume 3

Portfolio Management in Practice, Volume 3

Author: CFA Institute Format: Paperback / softback Release Date: 03/02/2021

Plunkett's Investment & Securities Industry Almanac 2021

Plunkett's Investment & Securities Industry Almanac 2021

Author: Jack W. Plunkett Format: Paperback / softback Release Date: 30/01/2021

Systematic Investing in Credit

Systematic Investing in Credit

Author: Lev Dynkin, Arik Ben Dor, Albert Desclee, Jay Hyman Format: Hardback Release Date: 26/01/2021

The Latest Insights on Systematic Strategies for Investing in Credit Systematic Investing in Credit is the latest book of cutting-edge research in credit markets written by the Quantitative Portfolio Strategy (QPS) Group at Barclays Research. The book starts with empirical evidence that credit, as an asset class, has consistently outperformed a risk-matched combination of equities and Treasuries. A detailed analysis explains the sources of this advantage. Credit portfolio construction was for decades, and often still is, an index-centric process subjecting managers to index rules and constraints. Barclays QPS Group proceeds by discussing the performance cost of these constraints and ways to exploit resulting inefficiencies to outperform indices. Next they present their research on the performance implications of bond portfolio characteristics - both traditional ones such as coupon level and maturity distribution and others that came into focus more recently such as ESG scores. The following part of the book is dedicated to the increasingly popular factor investing in credit. They discuss their original value and momentum models (the latter based on the momentum of the equity of a given issuer) as well as the issuer size factor. They analyze optimal ways of combining the factor signals in a portfolio considering turnover limits and trading costs in a practical implementation. Finally, they focus on the newest trend in credit investing - the applications of equity market data and methodologies in credit portfolio construction. Investors will learn: How to capitalize on index inefficiencies. How to analyze implications of portfolio characteristics (ESG, Coupon, Maturity) How to systematically apply factor investing in credit (Value, Momentum, Size) How to use equity-related data and methodologies to enhance credit portfolio performance

Value Investing

Value Investing

Author: Bruce C. Greenwald, Judd Kahn, Erin Bellissimo, Mark Cooper Format: Hardback Release Date: 12/01/2021

Beat the market with the tips and techniques from the best value investors in the world The classic, seminal work in the field, Value Investing has been updated in a new, second edition to include the latest trends and a close look at some of the emerging investors who continue in the value investing tradition of Ben Graham and Warren Buffett. Featuring an exploration of the history of value investing and those that brought this investment approach to the fore, you will also discover the real-world techniques you can use to propel your own portfolio using a sound, proven approach to discovering value. In the modern era, investors are increasingly caught up in so-called hot tips, can't-miss startups, excessive optimism, and short-term speculation. Value investing is the antithesis to these short-sighted approaches, and stresses what Ben Graham the father of value investing referred to as the 'margin of safety' when describing the gap between an equity's price and its value. * Provides an overview of the techniques of value investing as practiced by some of the greatest value investors of all time * Includes an exploration of the history of value investing, including an explanation of underlying principles and successful execution of value investing techniques * Features updates in the new edition that include an analysis of the investment returns of value investing versus growth strategies * Offers profiles of some of the emerging players in the field of value investing, including Andrew Weiss, Joel Greenblatt, Mason Hawkins, and Bill Nygren Value Investing, Second Edition is your guide to implementing value investing principles in your own portfolio, complete with a look at the approaches used by the best value investors past and present.

Value Shifts

Value Shifts

Author: Alison L. Dempsey Format: Paperback / softback Release Date: 06/01/2021

Socially responsible investment was once considered a distinct category of investment theory and practice adhered to by specialised investment professionals and dedicated funds. Now the incorporation of environmental, social and governance factors in fund mandates, asset identification, evaluation, selection, and review is fast becoming established practice. However, with the proliferation of campaigns and commitments comes a risk of increased complexity and diffusion of effort and impact. There is a need to consider whether aggregation, coordination and, in some cases, integration are a necessary step to build influence, strengthen alliances and translate aspirations into practical, legal, strategic and sustainable action. Value Shifts: How Investors Are Advancing Sustainability in Capital Markets anticipates and responds to this need to take stock of the current state of investor engagement on sustainability. It is an independent account, assessment and profile of investor-led sustainability and responsible investment movements, which serves as a platform to chronicle and explore their recent rise in influence; examine specific types of activity; and consider their current and potential role in effecting real system change.

Value Shifts

Value Shifts

Author: Alison L. Dempsey Format: Hardback Release Date: 06/01/2021

Socially responsible investment was once considered a distinct category of investment theory and practice adhered to by specialised investment professionals and dedicated funds. Now the incorporation of environmental, social and governance factors in fund mandates, asset identification, evaluation, selection, and review is fast becoming established practice. However, with the proliferation of campaigns and commitments comes a risk of increased complexity and diffusion of effort and impact. There is a need to consider whether aggregation, coordination and, in some cases, integration are a necessary step to build influence, strengthen alliances and translate aspirations into practical, legal, strategic and sustainable action. Value Shifts: How Investors Are Advancing Sustainability in Capital Markets anticipates and responds to this need to take stock of the current state of investor engagement on sustainability. It is an independent account, assessment and profile of investor-led sustainability and responsible investment movements, which serves as a platform to chronicle and explore their recent rise in influence; examine specific types of activity; and consider their current and potential role in effecting real system change.

Portfolio Management in Practice, Volume 2

Portfolio Management in Practice, Volume 2

Author: CFA Institute Format: Paperback / softback Release Date: 05/01/2021

Valuations of Early-Stage Companies and Disruptive Technologies

Valuations of Early-Stage Companies and Disruptive Technologies

Author: Tiran Rothman Format: Hardback Release Date: 31/12/2020

This book will serve as a practical guide for entrepreneurs and investors/advisors in constructing and understanding valuations of startups in rapidly shifting industries, including the areas of drug development, medical devices, cyber security, and renewable energy. For large companies, valuation is based on forecasts of free cash flow; in technologically-driven industries, product pipelines can represent a large part of market capitalization. The situation is even more critical for small companies committed to a single idea: all of their value is linked to a single project. Any business transaction or internal proposal to begin or terminate an R&D project in which innovative projects are being valued or exchanged requires a realistic valuation of those projects. Moreover, different projects have very different dynamics. Pharmaceuticals have very large lead times and are dependent on patents as well as out-licensing agreements. In contrast, software develops very quickly, and IP is hard to value. This book will be a guide to building appropriate valuations for companies competing in rapidly shifting industries and offering products under new business models where little precedent exists, taking both financial and behavioral issues into consideration.