Books published by Bloomberg Press

Today's modern portfolio theory is not your father's MPT. It has undergone many changes in the past fifty years. Indeed, a new understanding of MPT has emerged, one that has a significant impact on managing asset allocation--especially in today's turbulent markets. Dynamic Asset Allocation interprets and integrates the developments in modern portfolio theory: from the efficient-market hypothesis and indexing of decades past to strategies for building winning portfolios today. The book is filled with practical, hands-on advice for investors, including guidance on approaching investment as a risk-management task.

A guide for financial planners, includes: business plan development, client management, certification, legal compliance, client communication, and marketing strategies.

Imagine this: you're offered two corporate bonds from similar issuers with identical credit ratings. Both bonds have 6 percent coupons and ten-year final maturities. The first is noncallable and priced at $98.00. The second is callable at par in seven years and priced at $97.50. Which bond is the better deal? Not the one most people would think... Top traders, investors, and analysts agree that one method, option-adjusted spread (OAS) analysis, is the most useful way to compare and value securities with options. Nearly every day the bond market figures out a new way to structure securities, most of which involve options. This book explains OAS analysis in plain English, presenting each step in the method clearly and concisely. Topics covered include: Why yield-based analysis breaks down for nonbullet bonds How to model put and call provisions as embedded options How to distinguish the intrinsic and time components of option value How to model interest-rate volatility, future interest rates, and future bond prices How to calculate option-free price and yield How to estimate the "fair value" of a bond How to calculate implied spot and forward rates Salespeople, traders, and investors will want to read this book and keep it on their desks.

Leaving children with a substantial amount of money can be a boon or a burden. High-net-worth parents need to give their children an education to navigate today's complex world. The question becomes how to raise children with a sense of reality and balance, imparting a strong work ethic, and making them good stewards of their wealth.Kids, Wealth, and Consequences enlightens high-net-worth parents about the unique issues they need to explore. The book addresses the "hard" financial issues, such as investing and estate planning, as well as the "soft" emotional issues relating to values, family, and communication. Morris and Pearl detail strategies and techniques to help parents raise children who appreciate and know how to manage the wealth they inherit.Richard Morris spent many years working for his family's multimillion dollar business, and learned firsthand the challenges of business ownership and family wealth.Jayne Pearl is an experienced journalist who writes about families, family businesses, and money.

This revised and updated edition of the bestselling work on hedge funds deals with the changes the market has experienced recently. Burton has updated each chapter with a discussion of how the funds were affected by the economic downturn.

Art and finance coalesce in the elite world of fine art collecting and investing. McAndrew and a highly qualified team of contributors explain the most difficult financial matters facing art investors.

IS THE DOLLAR LOSING ITS LUSTER AS A WORLD CURRENCY? Has the credit crisis forever tainted the U.S. dollar? Will the euro or the yuan replace the U.S. dollar as the world's currency? Marc Chandler argues convincingly that many people are wrongly pessimistic about both the dollar and the U.S. economy. The United States remains a vibrant and innovative country despite the severe credit crisis. In Making Sense of the Dollar, Chandler acknowledges the existence of trade deficits while advising against sacrificing growth and development. Investors and policy makers need to think about money and trade in a different way. He casts a critical eye at ten myths that contribute to our misperceptions: Trade deficits reflect a lack of U.S. competitiveness There is only one type of capitalism Globalization destroyed American industry The era of the dollar as the global currency is ending A weak dollar boosts exports and drives stock markets These assumptions and others are debunked by Chandler. His inescapable conclusion is that both the dollar and the U.S. economy are much stronger than many people suppose, even in the face of market turmoil and economic displacement. The new rules that emerge from the credit crisis will undoubtedly create new incentives and disincentives, which, in turn, could influence the contours of U.S. strategy for economic expansion.

How oil volatility may lead to violence among oil powersThe world supply of oil is running out. Meanwhile, the balance of oil power is shifting away from the United States and the Arab states toward national oil companies (NOCs) in Russia, China, and some emerging economies in Africa and South America. As developing countries seek a middle-class existence, their demand for oil grows exponentially, causing oil prices to spiral, turning some into international bullies. Until another fuel is found the world risks being at the mercy of these tyrants whose insatiable appetites for higher oil prices heighten competition and spur the threat of violence, domestic as well as global.In Seizing Power: The Grab for Global Oil Wealth, bestselling author Robert Slater:* Profiles petroaggressors like Russia's Putin, Venezuela's Chavez, and IranÕs Ahmadinejad* Describes how oil-rich outlaw nations are using a valuable natural resource as a weapon in global politics* Warns that, as oil dwindles, these outlaw nations may turn upon one another in the fight for what oil is leftSeizing Power clearly explains why oil is potentially toxic to world stability.

This new book is an invaluable guidebook for companies trying to capitalize on the opportunities in both developed and emerging cross-border markets. Noted experts discuss critical topics corporate executives--and all those involved with their company's legal, accounting, and tax matters--need to know to successfully complete complex, global transactions.

Do you know when to use a private foundation, a donor-advised fund, or a charitable remainder trust or other charitable vehicle? Do you know the different tax benefits, limitations, and control rules for each alternative? This is an insider's guide to charitable organizations for donors and their advisors.

This book is a guide to managing and growing a financial-advisory business No matter how little time you have or how serious the challenges your firm faces, this book can help The principles of sound management apply to firms of all stripes, and the tools provided here can work under any circumstances.

The Best Guide to Differentiating Between Trading Ranges and Trend Exhaustion "Tom DeMark, the man whose work inspired this book, is a unique, interesting, and oft-times iconoclastic technical analyst. Simply put, he thinks about the markets differently from the way you or I do. So why should you read this book? Because, having read it, you will almost certainly think about the markets and technical analysis differently." --John Bollinger, CFA, CMT, www.BollingerBands.com "Jason Perl has taken the playbook from the market's John Wooden, Tom DeMark, and translated it engagingly in a format that traders of all levels will appreciate. As one who has used these indicators for more than twenty years, I too am appreciative of Jason's clarity." --Peter Borish, Chairman and CEO, Computer Trading Corporation "Jason Perl has created a trading primer that will help both the professional and the layman interpret the DeMark indicators, which I believe represent the most robust and powerful methods to track securities and establish timely investment positions. Think of DeMark Indicators as the Rosetta stone of market-timing technology." --John Burbank, Founder and CIO, Passport Capital "Having observed his market calls real time over the years, I can say that Jason Perl's application of the DeMark indicators distinguishes his work from industry peers when it comes to market timing. This book demonstrates how traders can benefit from his insight, using the studies to identify the exhaustion of established trends or the onset of new ones. Whether you're fundamentally or technically inclined, Perl's DeMark Indicators is an invaluable trading resource." --Leon G. Cooperman, Chairman, Omega Advisors "Jason Perl is the trader's technician. DeMark indicators are a difficult subject matter, but Jason shows simply how the theory can be applied practically to markets. Whether you're day-trading or taking medium-term positions, using the applications can only be of increased value." --David Kyte, Founder, Kyte Group Limited The Bloomberg Market Essentials(TM) Technical Analysis Series is the fast-track resource that gives you the essentials on keytechnical analysis tools.

A new, more comprehensive approach to long-term family wealth management More Than Money provides a high-level, integrated approach to preserving both financial resources and family harmony.

Expand Your Investment Horizons The Only Guide to Alternative Investments You'll Ever Need There is a whole world of investments beyond traditional stocks, bonds, and bank certificates of deposit. Financial advisers Larry Swedroe and Jared Kizer have chosen twenty popular alternative investments and provided a comprehensive description of each. They explain the nature of the investment and assess whether or not it combines well with the other assets in your portfolio. Swedroe and Kizer evaluate each type of investment in terms of: > Volatility Distribution of returns Diversification potential Fees Trading and operating expenses This book is a valuable resource for investors who are ready to consider expanding their portfolio beyond traditional investments. "What a great service this book is to the investing community! As investors reach out for higher returns, many will venture into the higher-risk category known as alternative investments. For those who are so tempted, this book provides an invaluable guide." --EDWARD R. WOLFE, PHD, Professor of Finance and Director of the Financial Planning Program Western Kentucky University Formerly an investment adviser for Buckingham Asset Management, LLC, Jared Kizer, CFA, works for an institutional money-management firm. His articles on investing have appeared in the Journal of Portfolio Management, Journal of Indexes, and on indexuniverse.com. He received his master's in finance from Washington University. He lives in St. Louis.

Family The COMPACT AMONG GENERATIONS It's an unfortunate but common pattern: A family achieves wealth and stability but can't sustain its success beyond the second generation. An enterprise fails, a dynasty is lost, and pain and suffering prevail. In Family: The Compact Among Generations, James Hughes presents the reasons and the remedies for this phenomenon. The book is a journey of discovery. Drawing on evidence from ancient history, political science, psychology, physics, organizational science, and a myriad of other disciplines and spiritual traditions, Hughes makes seemingly discordant pieces fit to form a whole that is both instructive and inspiring. Distilled through this seasoned observer of families, the wisdom and insights of some of the finest minds in history make sense in a new way--a way that can truly help families overcome their most formidable challenges. Bringing to bear decades of experience working with and studying families, he maps the mistakes that lead to decline and the approaches to family governance and personal development that can prevent it.

Spread tradingΓÇötrading complex, multiΓÇôleg structuresΓÇôΓÇôis the new frontier for the individual options trader. This book covers spread strategies, both of the limitedΓÇôrisk and unlimitedΓÇôrisk varieties, and how and when to use them. All eight of the multiΓÇôleg strategies are here: the coveredΓÇôwrite, verticals, collars and reverseΓÇôcollars, straddles and strangles, butterflies, calendar spreads, ratio spreads, and backspreads. Vocabulary, exercises and quizzes are included throughout the book to reinforce lessons. Saliba, Corona, and Johnson are the authors of Option Strategies for Directionless Markets.

> --SOHAIL JAFFER, Chairman Alternative Investment Management Association (AIMA) > --VERNON C. SUMNICHT, M.B.A., CFP, President Sumnicht & Associates and Sumnicht Hedge Fund Advisors, LLC THE WHAT, WHEN, AND WHY OF MARKET-NEUTRAL STRATEGIES CLEAR EXPLANATIONS OF SPECIFIC APPROACHES THE RISKS AND MERITS OF EIGHT STRATEGIES HOW TO BUILD A MARKET-NEUTRAL INVESTMENT PORTFOLIO ADVICE AND INSIGHT FROM THE FOREMOST PRACTITIONERS OF MARKET-NEUTRAL STRATEGIES

Hedge funds have rightly gained the attention of private and institutional investors in recent years, proving themselves as useful portfolio diversifiers and preservers of wealth while greatly dispelling their reputation as an "unsafe" investment. Yet investors attempting to navigate in the field of hedge funds face significant challenges: the large number of funds, the diversity of strategies used, the range of financial instruments traded, and the various formats for investing. Pooling multiple hedge funds together into one vehicle, the fund of funds provides a ready solution, combining professional management expertise with asset allocation. In this book--the first of its kind--industry expert Joseph Nicholas shows investors how these funds operate, the benefits and risks, and the criteria and due diligence to utilize when selecting funds. Nicholas provides an in-depth analysis of historical fund performance and offers unique insight into the industry and trends that may affect its evolution. Clear, insightful, and illustrated with numerous charts and graphs, Hedge Fund of Funds Investing is an essential resource for serious investors.

Written by the award-winning reporter who broke the story, this expos is a look inside the sexual misconduct scandals that rocked Wall Street. This is a riveting human, legal, and business drama of men and women in the financial capital of the world. 25 photos.

"An excellent primer about investing" --The Boston Globe Practical Investment Advice from a Trusted Voice in Personal Finance "In Investing 101, Kathy Kristof skillfully guides the novice investor, step-by-step, along the path to investment success. It's an ideal primer for anyone who wants to enter the financial world and would like a helping hand." --Myron Kandel, Founding Financial Editor, CNN "The vast majority of us worker drones who haven't yet made complete sense of things will find Investing 101 an easy way to get started." --Miami Herald In the newly updated and expanded edition of Investing 101, Kathy Kristof shatters the myth that investing is impossible for the average person to do successfully. "Investing doesn't have to be difficult or nerve-racking," Kristof maintains. "In fact, wise investing is simple. Ask yourself this question: Will I have the amount of money I need when I need it with my present investment strategy? If the answer is yes, you're doing it right. If the answer is no, you need to change something. It is that simple." With the most up-to-date material on 529 college savings plans, Roth IRAs, reverse mortgages, and why even bad markets can be good for you, Kristof carefully explains how to invest safely and successfully. She even provides a "Lazy Investor's Portfolio Planner" for those who don't want to spend more than a few hours a year managing their investments. This book is for anyone who needs simple, straightforward advice on how to start investing wisely.

"Paul Dolan has not only led the way to sustainability in California viticulture, but has demonstrated that one person in one company can transform an entire industry. If only there were a roomful of Paul Dolans in America, we would be a profoundly different and better country in twenty years. May it be so." PAUL HAWKEN Author, The Ecology of Commerce SET AGAINST THE COLORFUL BACKDROP of the California wine industry, True to Our Roots: Fermenting a Business Revolution is the story of how Paul Dolan led Fetzer Vineyards to industry and market leadership while successfully pioneering the path of sustainability. Here for the first time are the six guiding principles Dolan discovered and developed at Fetzer, which can help managers everywhere build and grow stronger, more sustainable companies.

A top options trader details a practical approach for pricing and trading options in any market condition The options market is always changing, and in order to keep up with it you need the greeks--delta, gamma, theta, vega, and rho--which are the best techniques for valuing options and executing trades regardless of market conditions.