Mark J. P. Anson, PhD, CFA, CAIA, CPA, JD, is CEO of Hermes Pension Management Ltd. in London, which has over ?65 billion in assets under management, and is the former CIO of CalPERS, where he oversaw the growth of assets from $127 billion to $210 billion. Anson has more than twenty years of investment experience in fixed income, equities, private equity, real estate, commodities, hedge funds, corporate governance, and credit derivatives.
About the Author.
PART ONE: Overview of Alternative Assets.
Chapter 1: What Is an Alternative Asset Class?
Chapter 2: Why Alternative Assets Are Important: Beta Drivers and Alpha Drivers.
PART TWO: Hedge Funds.
Chapter 3: Introduction to Hedge Funds.
Chapter 4: Establishing a Hedge Fund Investment Program.
Chapter 5: Due Diligence for Hedge Fund Managers.
Chapter 6: Risk Management Part I: Hedge Fund Return Distributions.
Chapter 7: Risk Management Part II: Additional Hedge Fund Risks.
Chapter 8: Regulation of Hedge Funds.
Chapter 9: Hedge Fund Benchmarks and Asset Allocation.
Chapter 10: Hedge Fund Incentive Fees and the "Free Option."
Chapter 11: Top Ten Hedge Fund Quotes.
PART THREE: Commodities and Managed Futures.
Chapter 12: Introduction to Commodities.
Chapter 13: Investing in Commodity Futures.
Chapter 14: Commodity Futures in a Portfolio Context.
Chapter 15: Managed Futures.
PART FOUR: Private Equity.
Chapter 16: Introduction to Venture Capital.
Chapter 17: Introduction to Leveraged Buyouts.
Chapter 18: Debt as Private Equity Part I: Mezzanine Debt.
Chapter 19: Debt as Private Equity Part II: Distressed Debt.
Chapter 20: The Economics of Private Equity.
Chapter 21: Performance Measurement for Private Equity.
Chapter 22: Trends in Private Equity.
PART FIVE: Credit Derivatives.
Chapter 23: Introduction to Credit Derivatives.
Chapter 24: Collateralized Debt Obligations.
Chapter 25: Collateralized Fund Obligations: Intersection of Credit Derivative Market and Hedge Fund World.
PART SIX: Corporate Governance.
Chapter 26: Corporate Governance as an Alternative Investment Strategy.