Encyclopedia of Alternative Investments: 1st Edition (Hardback) book cover

Encyclopedia of Alternative Investments

1st Edition

Edited by Greg N. Gregoriou

Chapman and Hall/CRC

592 pages | 46 B/W Illus.

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Hardback: 9781420064889
pub: 2008-08-18
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Description

A pioneering reference essential in any financial library, the Encyclopedia of Alternative Investments is the most authoritative source on alternative investments for students, researchers, and practitioners in this area. Containing 545 entries, the encyclopedia focuses on hedge funds, managed futures, commodities, and venture capital. It features contributions from well-known, respected academics and professionals from around the world. More than a glossary, the book includes academic references for money managers and investors who want to understand the jargon and delve into the definitions.

About the Editor

Greg N. Gregoriou, Ph.D., is Professor of Finance in the School of Business and Economics at the State University of New York, Plattsburgh, USA. A prolific author, Dr. Gregoriou is hedge fund editor of the Journal of Derivatives and Hedge Funds as well as an editorial board member of the Journal of Wealth Management and the Journal of Risk Management in Financial Institutions. His research primarily focuses on hedge funds and managed futures.

Reviews

"…a superbly presented source of information. It is positively encyclopedic, covering almost anything relative to alternative investments. In one single volume of 540 pages and 545 entries, it allows the reader to identify, define, and clarify the meaning of almost any investment terms used in the area. … a comprehensive, definitive, and up-to-date collection of work that will be a valuable addition to our respective reference library. Its scope and breadth will make it an invaluable resource for the professional, the academic researcher, and for the student in this rapidly growing area."

—François-Serge Lhabitant (Professor of Finance, HEC Lausanne and EDHEC Business School, and Chief Investment Officer, Kedge Capital), Journal of Derivatives and Hedge Funds, 2009

"…One of the strengths of this encyclopedia is the collaborative efforts of a worldwide team of more than 100 academicians and practitioners who offer their expertise in providing detailed definitions and supporting evidence for the financial terms. … The encyclopedia offers an up-to-date reference to the financial terms met frequently—or not—in the alternative investment areas … a necessary comprehensive guide in the alternative investments area. It provides standardization in the terminology of the terms used and offers a handy everyday reference book. It belongs in the library of every participant in the alternative investments field, both the academic and the practitioner. It fills a resource gap…"

—Vassilios N. Karavas (Credit Agricole Asset Management Alternative Investments), Journal of Wealth Management, 2009

“The Encyclopedia of Alternative Investments is a great reference source for both students and professionals seeking an understanding of the various alternative investment terms. It provides definitions for nearly 600 alternative investment terms, which are provided in an easily accessible format rather than looking up the definitions online. The terms are defined by academics and professionals in the alternative investment space and are defined in easy-to-understand terms. Investor interest in alternative investments continues to grow, and this encyclopedia provides a comprehensive source of definitions for the alternative investment areas of venture capital, hedge funds, managed futures, and commodities. The encyclopedia provides the definitions by category, making definitions easily obtainable. It is a valuable reference source for all those individuals interested in alternative investments.”

—Hilary Till, Principal, Premia Capital Management, LLC, Chicago, Illinois, USA

“The explosive growth of alternative investments in the last ten years has outpaced the amount of information available about them. This encyclopedia provides a useful and needed reference to help fill that gap!”

—Steven N. Kaplan, Neubauer Family Professor of Entrepreneurship and Finance, University of Chicago Graduate School of Business, Illinois, USA

“Given the explosive growth of alternative investment strategies, a new language in finance has emerged. The Encyclopedia of Alternative Investments fills an important gap. It is a must have for those serious about this important asset class.”

—Campbell R. Harvey, Duke University, Durham, North Carolina, USA, and author of the Financial Glossary for Bloomberg, Yahoo Finance, and the New York Times

“Written by over 100 well-known and respected academics and practitioners from around the world, this is an authoritative and up-to-date source of information about hedge funds, managed futures, commodities, and venture capital.”

—Carol Alexander, Chair of Risk Management and Director of Research, ICMA Centre, Business School, University of Reading, UK

"What this book has to offer are substantive definitions of over 500 relatively esoteric investment-related terms, with a [focus] on hedge funds, funds of hedge funds, managed futures, commodities and venture capital. Contributors are drawn from an impressive international array of academics and practitioners; bibliographic references are included with each entry; a subject index enhances the book’s value and ease of use . . . This book will be useful for libraries with sufficient interest in financial research . . ."

– D. Highsmith, California State University- East Bay, in Choice: Current Reviews for Academic Libraries, April 2009, Vol. 46, No. 8

Table of Contents

Absolute Return

Absolute Return Index

Acceleration

Accredited Investor

Active Premium

Activists

Aftermarket

Aftermarket Orders

Aftermarket Performance

Agency Problem

Aggregation

Agricultural Trade Option Merchant

Allowances

Alpha

Alternative Asset

Alternative Asset Class

Alternative Betas

Alternative Alpha

Alternative Investment strategies

Angel Financing

Angel Groups

Angel Investor

Annualized Compound Return

Annualized Standard Deviation

Approved Delivery Facility

Arbitrage

Arbitration

Archangel

Artificial Price

Asset Allocation

Asset-Based Style Factors

Asset-Weighted Index

Assignment

Associated Person

At-the-Money Option

Attrition Rates

Average Gain (Gain Mean)

Average Return

Backfilling Bias

Back Pricing

Backwardation

Basis

Basis Grade

Basis Swap

Beauty Contest

Benchmark

Beta

Bid-ask Spread

Block trade

Bonds (overview of types)

Bookbuilding

Booking the Basis

Bottom-Up Investing

Bridge Financing

Bridge Loan

BTOP 50 Index

Bucketing

Buyer’s Market

Calendar Report

Call Option

Calmar Ratio

Cancellation

Capital Call

Capital Commitment

Capital Distribution

Capital Structure Arbitrage

Carried Interest

Carrying Charge

Carve-Out

Cash Commodity

Cash Market

Cash Settlement

Cash Settlement (An Example)

CDO

Certification

Chinese Wall

CISDM Indexes

Clawback

Clearing Members

Clearing Organization

Clearing Price

Closing

Coefficient of Determination

Coffee Market

Committed Capital

Commodity Credit Corporation (CCC)

Commodity Exchange Act

Commodity Futures Indices: Spot, Excess, and Total Return

Commodity Futures Trading Commission

Commodity-Linked Bond

Commodity Option

Commodity Pool

Commodity Pool Operator (CPO)

Commodity Price Index

Commodity Research Bureau (CRB)

Commodity Trading Advisor

Companion Fund

Conditional Value at Risk (CVaR)

Contract Grades

Contract Month

Contract size

Contango

Core Principle

Commodity Futures Modernization Act of 2000

Commodity Swap

Commodity Trading Advisors (CTA)

Community Development Venture Capital

Company Buy-Back

Confirmation Statement

Contract Market

Convergence

Conversion Factors

Convertible Arbitrage

Corn Market

Cornish-Fisher Value-at-Risk for Portfolio Optimization

Cornish-Fisher Value-at-Risk

Corporate Structure Arbitrage

Corporate Venture Capital

Correlation Coefficient

Cost of Tender

Cost, Insurance and Freight (CIF)

Cotton Market

Counterparty Risk

Covenants

Covenants (Venture Capital and Private Equity Context)

Covenants (in Loans or Securities Issues)

Covered Option

Crack Spread

CRB Reuters

Credit Default Swap

Cross-Hedge

Cross-Trading

Crude Oil Market

CSFB Tremont Hedge Fund Index

Curb Trading

Currency Classification

Deal Flow

Deferred Delivery Month

Deferred Futures

Deliverable Grades

Delivery Date

Delivery Instrument

Delivery Notice

Delivery Point

Demand Rights

Derivatives Transaction Execution Facility (DTEF)

Designated Contract Market

Designated Self-Regulatory Organization

Direct Public Offering

Directional

Discretionary Account

Discretionary CTA

Discretionary Trading

Distressed Debt 

Distressed Securities

Diversified Classification

Double Hedging

Dow Jones AIG Commodity Index

Down Capture Ratio

Down Round                                                                                                                                                                       

Downside Deviation

Drag Along Right

Drawdown

Due Diligence

Dutch Auction

Dynamic Asset Allocation

Early Redemption Policy

Early Stage Finance

Economically Deliverable Supply

EDHEC Alternative Indexes

EDHEC CTA Global Index

Eligible Contract Participant

Enumerated Agricultural Commodities

Equally Weighted Index

Equal Weighted Strategies Index

Equity Hedge

Equity Market Neutral

Event Driven

Evergreen Fund                                                                                                                                                                   

Excluded Commodities

Exempt Commodities

Exercise option

Exercise Price 

Exit Strategy

Expiration Date

Extrinsic Value

Factor Models

Fallen angel

Fast Market

Feed Ratio

Filing Range

Final Prospectus

Financing Round

Firm Commitment

First Notice Day

First Stage Financing

First Time Fund

Five Against Note Spread (FAN Spread)

Fixed Income Arbitrage

Flipping

Float

Floor Broker

Floor Trader

Follow-on funding

Forward contracts

Forward Market

Forward Volatility Agreement

Free on Board (FOB)

Fundamental Analysis

Fundraising

Funds of Funds

Fungibility

Futures

Futures Commission Merchant

Futures Contract

Futures Industry Association

Gain Standard Deviation

Gain to Loss ratio

Gate

Gatekeeper

General Partner Contribution/Commitment

Generalized Treynor Ratio

German Entrepreneurial Index

Global Hedge Fund Index

Global Macro

Goldman Sachs Commodity Index

Grandstanding Problem

Grain Futures Act

Greenshoe

Greenshoe Option

Gross Spread

Guaranteed Introducing Broker

Hedge

Hedge Fund

Hedge Fund Replication

Hedge Ratio

Hedging

HFRI Fund Weighted Composite Index

HFRI Convertible Arbitrage Index

HFRI Distressed Index

High Watermark

High Net Worth Individual

Higher Moments

Hurdle Rate

Implied Volatility

Incentive Fee

Incubator

Independent Introducing Broker

Information Ratio

Initial Public Offering

Institutional Buy Out

Intangibles Company

Investable Hedge Fund Indexes

IPO Action Track

IPO Price

IPO Sentiment Index

IPOX

Intercommodity Spread

Inter-delivery Spread

Interest Rate Swap

Internal Rate of Return (IRR)

In The Money options

Intrinsic Value

Introducing Broker

IPO-Sentiment Index

Jensen Alpha

Jones Model

Kurtosis

Large Order Execution Procedures

Last Notice Day

Last Trading Day

Lead investor

Lead manager

Lead Underwriter

Leverage

Leveraged Buy Outs

Licensed Warehouse

Life of Contract

Limit

Limited Partners

Limited Partnership LLC

Liquid Markets

Liquidate

Live Hogs Market

Lock-Up

Lock-Up Period

Long Position

Long Short Equity

Long the Basis

Look-back Straddle

Losing Streak

Loss Standard Deviation

Managed Funds

Managed Funds Association (MFA)

Management Buy-In

Management Buy-Out

Management Fee

Manager Skill

Many-to-Many

Margin

Maintenance Margin

Managed Account

Managed Account Platforms

Margin Call

Market Neutral

Mark-to-Market

Market Order

Market Timing Strategy

Maximum Drawdown

Maximum Price Fluctuation

Merger Arbitrage

Mezzanine Financing

Minimum Acceptable Return

Minimum Price Fluctuation

Modern Portfolio Theory

Modified Jones Model

Modified Sharpe Ratio

Modified Value-at-Risk

Mortgage-Backed Securities (MBS)

Mount Lucas Management Index

Multi-Manager Hedge Fund

Multi-Strategy Fund

Municipals Over Bonds Spread (MOB Spread)

Naked Options

National Futures Association

National Introducing Brokers Association (NIBA)

Natural Gas

Net Asset Value (NAV)

Nearby Delivery Month

Net Long

Non-Directional

Notice of Intent to Deliver

Notional Principal

Offering Date

Offering Memorandum

Offering Price

Offering Range

Offset

Offshore Fund

Offshore Jurisdiction

Offshore Tax Haven

Omega

Omnibus Account

One-to-Many

Open Interest

Open Outcry

Open Trade Equity

Opening Premium

Opening Range

Opportunistic

Optimization

Option Buyer

Option Contract

Option Premium

Options

Option Seller

Order Book

Out-of-the-Money Option

Overallotment

Out Trade

Overbought

Overpricing

Oversold

Oversubscribed

Over The Counter Market (OTC)

Ownership Buyout (OBO)

Pairs Trading

Par

Participating Underwriters

Pearson Correlation Coefficient

Peer Group Based Style Factors

Penalty Bid

Performance Fee

Performance Persistence

Piggyback Registration

Pipeline

Pit

Pooled Fund

Position Limit

Position Trader

Post-Money Valuation

Postponement

Prearranged Trading

Preliminary Prospectus

Premium

Pre-Money Valuation

Price Discovery

Price Limit

Price Range

Prime Broker

Principal

Principal Shareholder

Private Placement

Privately Held

Price Basing

Price Revision

Private Equity

Projection

Prospectus

Public Commodity Funds

Public Market Equivalent (PME)

Public Offering

Public to Private

Public Venture Capital

Put Option

Pyramiding

Qualified Investor

Quiet Filing 

Quiet Period

Ranking

Ratchets

Real Option Approach

Recap Buyout

Recapitalisation

Red Herring

Redemption Period

Registration Statement

Regulation D Fund

Regulation D Offering

Relative Value Arbitrage

Reportable Position

Reporting Guidelines

Return-Based Style Factors

(Reverse) Crush Spread

Reverse Leveraged Buyout

Right of First Refusal

Risk Arbitrage

Roadshow

Rogers International Commodities Index (RICI)

Roll-Up

Round turn

Rules (NFA)

Sample Grade

Scalper

Seasoned Equity Offering (SEO)

Second Stage Financing

Secondaries

Secondary Action Track

Secondary Buy-Out

Secondary Market

Secondary Offering

Sector Breakdown

Sector Strategy

Security Future

Seed Capital

Seed Money

Seed Stage Financing

Segregated Account

Selection Bias

Self-Regulatory Organization

Self Selection Bias

Seller's Market

Selling Group

Selling Concession

Selling Shareholder

Semi-Deviation

Settlement Date

Settlement Price 

Shelf Filing

Short Exposure

Short Position

Short Selling Strategy

Short Squeeze

Short the Basis

Single Strategy Fund

Single Strategy Funds of Funds

Skewness

Sliding Fee Scale

Social Entrepreneurship

Social Venture Capital                                                                                                                                                        

Soft Commodities

Soft Dollars

Sortino Ratio

Soybean Market

Speculator

Spin Off

Spot

Spot Commodity

Spot Contract

Spot Month

Spreading

Staging

Stale Pricing

Standard Error

Statistical Arbitrage

Sterling Ratio

Stress Testing

Stressed Markets

Strike Price

Strong Hands

Structured Products

Style Analysis

Survivorship Bias

Swap

Sweat Equity

Style Drift

Syndicate

Syndicate Bid

Syndicate Manager

Syndicated Sale

Syndication

Systematic CTA

Systematic Trading

Synthetic Future

Takedown

Technical Analysis

Tender Offer

Term Sheet

Thirs Stage Financing

Tick

Time Value

To-Arrive Contract

Tombstone

Top-Down Investing

Tracking Error

Tranche

Transparency

Trend Following

Treynor Ratio

Turnaround

Uncovered Options

Underlying Commodity

Underlying Futures Contract

Underpricing

Underwriter

Underwriting Spread

Unseasoned Equity Offering

Up Capture Ratio

US Equity Hedge

Valuation Guidelines

Value Added Monthly Index

Value-at-Risk

Variance Swap

Venture Capital                                                                                                                                                                    

Venture Capital Financing

Venture Capitalist

Venture Capital Method                                                                                                                                                    

Venture Factoring

Venture Leasing

Venture Philanthropy

Venture Valuation

VIX

Volatility

Warehouse Receipt

Weather Premium

White label

Withdrawn Offering

Subject Categories

BISAC Subject Codes/Headings:
BUS027000
BUSINESS & ECONOMICS / Finance
MAT000000
MATHEMATICS / General