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"Portfolio Representations: A step-by-step guide to representing value, exposure and risk for fixed income, equity, FX and derivatives"
Jem Tugwell's step-by-step guide to representing value, exposure and risk, published by Harriman House, one of the UK's leading independent publishers of finance, trading and investment books

Overview
This book provides a practical and sophisticated insight into each financial asset type, and how the different risks and exposures they involve should be most accurately combined and represented in a portfolio. The financial issues facing the world since the late 2000s have provided the asset management community with a brutal reminder of the importance of having genuine knowledge of portfolio structures and the risks embedded within them. More so than ever, fund managers need a clear and consistent way of separating value from exposure in their portfolios, allowing a complete 'look-through' to the real risks contained in derivatives and pooled/structured products. Equally, as fund managers are driven to find risk-adjusted rather than just raw returns, it is imperative that risk measures and the understanding derived from them are applied to the entirety of a portfolio, as opposed to just particular asset classes or sections. This book, written by hugely experienced investment expert Jem Tugwell, provides a practical and comprehensive solution. Written in plain English and carefully structured to be easy to use, this is the definitive guide to accurately and quickly representing value in financial portfolios of every complexity. Taking the reader through each asset type in turn, with detailed workings and explanations, it is the most lucid and helpful professional guide yet written on the subject - and something no one working in this area can afford to be without.

Unique aspects will include it being currently the only book to provide comprehensive asset coverage, as opposed to focusing on just one asset class. It will also address the representation of assets, rather than valuation or "how to" guides. Its style will ensure that complex issues are built up in easy-to-follow steps to ensure that they are covered clearly and comprehensively. Its easy-to-read style will allow beginners to use book as a learning guide, while the depth and detail of the coverage will allow practitioners to use it as a reference text. Above all, as a key topic for post credit crunch portfolio managers, it will provide the all-important tools to help managers differentiate themselves from their competition and provide a clear, comprehensive audit trail for their decision-making processes.

For more information, see http://www.harriman-house.com/pages/book.htm?BookCode=459887

on Amazon, see Portfolio-Representations

ISBN-10: 1906659893