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Finance Rights Guide Spring/Summer 2012 For more information on any of these titles please contact Julie Attrill jattrill@wiley.com


Finance Rights Guide: Spring/Summer 2012 Corporate Finance & Accounting ...................................... 3 Cyber Security - A Guide to Fraud Prevention and Building a Secure Framework/Aleem ........... 3 The Successful Frauditor's Casebook/Tickner ................................................................................. 3

Financial Engineering ......................................................... 4 Interoperability Software Tools and Applications in Finance with Excel, C# and C++/Duffy........ 4 C# for Financial Markets with CD ROM/Duffy.................................................................................... 4 Counterparty Credit Risk and Hybrid Models: Interest Rates, Commodities, Equity and FX/Brigo ................................................................................................................................................ 5 Market Microstructure – Confronting Many Viewpoints/Abergel ..................................................... 5

Investments, Securities & Trading..................................... 6 Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, (rev.)/Walter . 6 Counterparty Credit Risk and Credit Value Adjustment: A Continuing Challenge for Global Financial Markets/Gregory .................................................................................................................. 6 How the Trading Floor Really Works/Duhon ..................................................................................... 7 Sustainable Investing for Institutional Investors: Risk, Regulations and Strategies/StaubBisang ................................................................................................................................................... 7 Sustainable and Responsible Investment in Asia/Williams ............................................................. 8 The New Depression: The Breakdown of the Paper Money Economy/Duncan.............................. 8 Betting on China: Chinese Stocks, American Stock Markets, and the Wagers on a New Dynamic in Global Capitalism/Koepp ................................................................................................ 9 The Economics of Sovereign Wealth Funds/Castelli ........................................................................ 9 World Class Private Banking: Building a Culture of Excellence/Collardi ..................................... 10 Surviving Sovereign Debt: Investment Survival During the Coming Sovereign Default Crises/Wong....................................................................................................................................... 10 The Global Biofuels Market: Trading and Operations/James ........................................................ 11

Spring/Summer 2012 ......................................................... 11 Corporate Finance & Accounting .................................... 11 Fraud Risk Awareness Training/Pickett ........................................................................................... 11 Frequently Asked Questions on Anti-Bribery and Corruption/Lawler .......................................... 12 Frequently Asked Questions in Corporate Finance/Quiry ............................................................. 12 Handbook of Corporate Performance Management/Bourne .......................................................... 13 IFRS Financial Statement Disclosures: A Casebook and Guide/Turner ....................................... 13

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Financial Engineering ....................................................... 14 C# for Financial Markets with CD ROM/Duffy.................................................................................. 14 Financial Engineering and Arbitrage in the Financial Markets, 2e/Dubil ...................................... 14 Dynamic Copula Methods in Finance/Cherubini ............................................................................. 15 Understanding and Managing Model Risk: A Practical Guide for Quants, Traders and Validators/Morini ................................................................................................................................ 15 Measuring and Managing Liquidity Risk/Castagna ........................................................................ 16 Hedge Fund Modeling and Analysis Using Excel and VBA/Darbyshire ........................................ 16 The Mathematics of Derivatives Securities with Applications in MATLAB/Cerrato ..................... 17 Essential Mathematics for Market Risk Management/Hubbert ...................................................... 17 The Handbook of Energy Trading/Fiorenzani .................................................................................. 18

Investments, Securities & Trading................................... 18 The Complete Guide to Portfolio Construction and Management/Snopek .................................. 18 A Guide to Islamic Investing/Kettell ................................................................................................. 19 Foreign Exchange Markets, Derivatives and Structured Products: For Wealth Management Professionals/Low ............................................................................................................................. 19 History of Hong Kong Stock Exchange: From Old Boys Club to World Class Bourse /Sacklyn 20 Trading the Fixed Income, Inflation and Credit Markets: A Relative Value Guide/Schofield ....... 20 Private Equity in China: Challenges and Opportunities/Yong....................................................... 21 The Principles of Banking: Capital, Asset-Liability and Liquidity Management/Choudhry ......... 21 Trend Trading that Works: Proven Techniques Using the Hawkeye Method/Hawkes ................ 22 Risk Sharing in Finance: The Islamic Finance Alternative/Iqbal ................................................... 22 Trading in a Nutshell, 4e/McPhee .................................................................................................... 23 FX Trading: A Guide to Trading Foreign Exchange, 2e/Pontikis ................................................... 23 Futures Made Simple: A Beginner’s Guide to Futures Trading Success/Butcher ....................... 24 Bulls, Bears & A Croupier: The New Bull Market and How to Profit From It/Kidman .................. 24 Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School/Hallam .... 25

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Corporate Finance & Accounting

The Successful Frauditor's Casebook

Cyber Security - A Guide to Fraud Prevention and Building a Secure Framework

Peter Tickner

Azeem Aleem

This casebook reveals how frauds and fraudsters were discovered - and delves into the investigations that followed. Each chapter covers a particular case, analysing the factors that allowed fraud to develop and assessing the effectiveness of the detection process and the resulting fraud investigation. Importantly, the casebook examines the steps taken by organisations to recover from the cost of fraud and the damage that fraud has caused.

978-0-470-97776-7 / 0-470-97776-0 352 pp. Pub: 27/04/12 Auditing / Internal Learn what works well and avoid the pitfalls in the real world of fraud detection and fraud investigation.

978-1-119-96189-5 / 1-119-96189-0 192 pp. Pub: 17/08/12 Auditing / Internal Up-to-date examination of Cyber Fraud including an AntiFraud framework based extensive research into fraud practice. This is the first book to cover cyber fraud for the accountant - covering cloud computing and the security issues attendant to it. To understand the context of cyber risk and fraud, professional jobs are increasingly overlapping between the two domains of fraud and IT security. •

The author is an elected director at the Security Institute which has a membership of approximately 2000 security professionals, has close links with the Counter Fraud Professional Accreditation Board (CFPAB), the Security Management Professional Accreditation Board (SMPAB), and the Information Security Awareness Board (ISAF), as well as the National Fraud Forum and the Institute of Counter Fraud Specialists (ICFS).

Includes an effective preventative model based on empirical evidence, along with numerous case studies and real-world examples.

High-profile author, Peter Tickner, is well known in auditing and investigative circles.

Cases of fraud, drawn from the author's direct experience as well as world-wide, are supplemented with checklists and practical guidance on fraud detection

Internal auditors, risk managers. Senior Management, HR managers. Peter Tickner is former Director of Internal Audit, Metropolitan Police Authority, Head of Internal Audit at HM Treasury, internal auditor for the NHS. He has held positions as President of the IIA, and Chair of the Editorial Board for the IIA Journal and as senior lecture at the Civil Service Colleague. He is now a consultant and a regular speaker at IRR Fraud conferences and trains for professional organisations such as CIPFA.

Accountants, Internal Auditors, Risk Managers, AMLOs, and Compliance Officers. Azeem Aleem is Director of the Security Institute and Principle Lecturer in Internet Security at Portsmouth University. Before joining the University, he worked as a Security Consultant at IBM and Transcend Technologies. He has been actively involved in training the Police Force in the area of Internet crime with the majority of his time focused on assessing and securing cyberspace and platforms. He writes actively on the issue of Internet Security and sits on various boards concerned with the training of security managers.

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Financial Engineering

C# for Financial Markets with CD ROM

Interoperability Software Tools and Applications in Finance with Excel, C# and C++

Daniel J. Duffy, Andrea Germani 978-0-470-03008-0 / 0-470-03008-9 224 pp. Pub: 22/06/12 Financial Engineering

Daniel J. Duffy

The only comprehensive coverage of C# for the quantitative finance community.

978-0-470-97980-8 / 0-470-97980-1 288 pp. Pub: 24/08/12 Financial Engineering

This practice-oriented book shows how to design and programme pricing and trading models using the C# programming language. It is a step-by-step account of how to develop software programmes that can be used by traders in real life situations. The authors show how both novice and experienced traders can develop robust and accurate pricing models and use them in work environments.

The first book to show practitioners how to create applications that interface directly with the popular Excel programme. This book addresses the problem of writing applications in a multi-language environment in which interfacing with Excel plays a vital role. The goal is to show how to write code in C#, C++ and VBA that is easy to use in combination with Excel. The book includes source code for all examples. You can then compile, use and extend these examples to enable you to become familiar with the solutions as soon as possible and to apply them in your own applications •

It will be a must-have resource for developers and quantitative finance specialists in banks and other business and finance institutions

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The book will be accompanied by a CD ROM featuring workable source code for all examples in the text.

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There are currently no other books on the market that cover interoperability in C# and C++

The authors bring C# to the quantitative finance community by applying it to the design and implementation of complete applications in quantitative finance, for example: Curve and surface modeling, fixed income products, hedging strategies, plain and exotic option modeling, interest rate options, structured bonds, unfunded structured products and many more. The authors create a number of models using several numerical techniques: Exact analytical solutions, Lattice models, Monte Carlo and Quasi-Monte Carlo and Finite difference methods. Finally, they use the full programming power of the Microsoft .NET framework to develop flexible applications and code: Seamless integration with Windows Forms (GUI), Object-oriented and component-based development in C#, Seamless two-way interfacing with Excel, Lots of .NET libraries to help you become more productive.

Developers, quants and IT practitioners in financial institutions and business.

Daniel Duffy based in the Netherlands, is founder of Datasim Education and Datasim Component Technology, two companies involved in training, consultancy and software development. He is also a numerical analyst who has been working in the IT business since 1979. As early as 1993 he was involved in C++ projects for risk management and options applications with a large Dutch bank. Andrea Germani is Head of Structured Products at Banca Popolare di Lodi, Italy. Prior to this he was the Head of the Derivatives unit.

Daniel J. Duffy is founder of Datasim Education BV which is dedicated to the methods and techniques for solving problems in quantitative finance using advanced mathematical and numerical techniques. Daniel has been working with numerical methods in finance, industry and engineering since 1979. He has written four books on financial models and numerical methods and C++ for computational finance and has also developed a number of new schemes for this field including successful online courses held in various locations including London, New York and Frankfurt. Robert Demming (Amsterdam, Netherlands), is a software developer at Datasim.

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Market Microstructure – Confronting Many Viewpoints

Counterparty Credit Risk and Hybrid Models: Interest Rates, Commodities, Equity and FX

Frederic Abergel, Jean-Philippe Bouchaud, Thierry Foucault, Charles Lehalle, Mathieu Rosenbaum

Damiano Brigo, Massimo Morini, Andrea Pallavicini

978-1-119-95241-1 / 1-119-95241-7 416 pp. Pub: 27/04/12 Financial Engineering

978-0-470-74846-6 / 0-470-74846-X 256 pp. Pub: 03/08/12 Financial Engineering

An essential volume of contributions from popular academics and practitioners on cutting-edge topics in market microstructure, high frequency finance and optimal trading strategies.

Written by leading experts on counterparty risk, this book supplies essential frameworks for the modeling and hedging of counterparty risk - the most likely cause of bank failure.

Based on the December 2010 Bachelier Society annual conference on market microstructure, this guide brings together leading thinkers to discuss this important field of modern finance. It provides readers with vital insight on the origin of the well-known anomalous ‘stylised facts’ in financial prices series, namely heavy tails, volatility, and clustering, and illustrates their impact on the organisation of markets, execution costs, price impact, organisation liquidity in electronic markets, and other issues raised by high-frequency trading. Topics covered include analysis of high-frequency data, statistics of high-frequency data, market impact, and optimal trading. This is a must-have guide for practitioners and academics in quantitative finance.

The book's content is focused on quantitative methods of tackling valuation problems, supplying sound theoretical frameworks for the pricing and hedging of counterparty risk, linking particular models to particular 'concrete' financial situations. The authors also aim to help quantitative analysts, traders, and anyone else needing to measure counterparty risk, to develop a 'feel' for applying sophisticated mathematics and stochastic calculus to solve practical problems. The main models are illustrated from theoretical formulation to final implementation with calibration to market data, always keeping in mind the concrete questions being dealt with. The authors stress that each model is suited to different situations and products, pointing out that there does not exist a single model which is uniformly better than all the others.

Quantitative traders and researchers, quantitative risk managers, regulators, academics interested in microstructure and quantitative finance. Professor Frederic Abergel is Director and holds the BNP Chair in Quantitative Finance at Ecole Centrale Paris, where he leads a group of academics and practitioners dedicated to the study of market microstructure in order driven markets. He has extensive knowledge of the financial markets, having careers in both investment banking and academia, including positions as Head of the Equity, Commodity and Hybrid Quantitative Analytics Group at Natixis, Head of the Paris Quantitative Group at Barclays Capital and Senior Quantitative Analyst at CAI Chevreux. He was also Assistant Professor, Department of Mathematics at Pennsylvania State University and taught financial mathematics at Universite Paris Dauphine.

Damiano Brigo, Gilbart Professor of Financial Mathematics, King's College, London, has previously held positions as MD and Global Head of the Quantitative Innovation team at Fitch Solutions and Head of Credit Models at Banca IMI. He teaches regularly at postuniversity and Master courses in Milan and for professional training companies in London. He has been included in scientific committees of international conferences occurring at MIT and other academic and professional institutions. He is Managing Editor of the International Journal of Theoretical and Applied Finance. Massimo Morini is Head of Credit Models and Coordinator of Model Research at IMI Bank, Milan. He is also Professor of Fixed Income, Bocconi University. Andrea Pallavicini is Head of Financial Engineering at Banca Leonardo. He has taught in Master courses in finance at the University of Pavia and at the University of Milan.

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Investments, Securities & Trading

Counterparty Credit Risk and Credit Value Adjustment: A Continuing Challenge for Global Financial Markets

Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, (rev.)

Jon Gregory 978-1-118-31667-2 / 1-118-31667-3 224 pp. Pub: 13/07/12 General Finance & Investments

Carl Walter, Fraser Howie 978-1-118-25510-0 / 1-118-25510-0 300 pp. Pub: 26/03/12 General Finance & Investments

A practical guide to counterparty risk management and credit value adjustment. This book explains the emergence of counterparty risk during the recent credit crisis. The quantification of firmwide credit exposure for trading desks and businesses is discussed alongside risk mitigation methods such as netting and collateral management (margining) and central counterparties.

With Wall Street and Europe in crisis and China strongly positioned as America's largest creditor, the question everyone is asking is: "Will China surpass the US as the world's premier global economy?" The authors look at how China financed its current position of strength and whether it will be able to maintain its astonishing momentum. By going deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, they look at the question whether this rapid ascension really lives up to its reputation. •

The specter of a powerful China is haunting those countries suffering from economic decline and this book explores China's next move.

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Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available.

Financial institutions have recently been developing their capabilities for pricing counterparty risk and these elements are considered in detail via characterisation of credit value adjustment (CVA). The implications of an institution valuing their own default via debt value adjustment and funding costs are also considered. Portfolio management and hedging of CVA are described in full as are wrong-way counterparty risks in relation to interest rate, FX, commodity and credit derivative products. Regulatory capital for counterparty risk, including the recent Basel III requirements for CVA VAR is covered, as is the management of counterparty risk within an institution by a "CVA desk". Finally, the design and benefits of central clearing, a recent development to attempt to control the rapid growth of counterparty risk, is addressed. Hedging aspects, together with the associated instruments such as credit defaults swaps (CDSs) and contingent CDS (CCDS) are described in full.

Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.

Jon Gregory is a partner at Solum Financial, a unique consultancy which offers ex-practitioners advisory services in all areas of Capital Markets. Until 2008, Jon was Global Head of Credit Analytics at Barclays Capital based in London. He is a visiting professor at the University of Cambridge and the ICMA Centre, University of Reading, and a regular speaker at industry conferences and training including Risk Training, WBS Annual Conference, Moneyscience Training. In addition to publishing papers on the pricing of credit risk and related topics, he is co-author of the bestselling book Credit: The Complete Guide to Pricing, Hedging and Risk Management, short-listed for the Kulp-Wright Book Award for the most significant text in the field of risk management and insurance.

Carl E. Walter actively participated in most of its financial reforms. He was a member of the Management Committee at China International Capital Corporation, China's first and most successful joint venture investment bank, where he supported a number of significant domestic stock and debt underwritings for major Chinese corporations. More recently, he helped build one of the most successful and profitable domestic security and currency trading operations for a major global investment bank. Fraser Howie has been trading, analysing and writing about Asian stock markets for nearly 20 years. S p r i n g / S u m m e r

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How the Trading Floor Really Works

Sustainable Investing for Institutional Investors: Risk, Regulations and Strategies

Terri Duhon 978-1-119-96295-3 / 1-119-96295-1 352 pp. Pub: 21/09/12 General Finance & Investments

Mirjam Staub-Bisang 978-1-118-20317-0 / 1-118-20317-8 256 pp. Pub: 14/05/12 Finance & Investments Special Topics

An engaging guide to what really happens in the front office of an investment bank, and why. The dynamics of the trading floor are a little microcosm of the global markets. Understand these dynamics and better understand the dynamics of global financial markets. Who are the key players on the trading floor and what are their roles and responsibilities? Who are the clients and do they really need the services the trading floor provides? How does the client understand their risk and know when the price is right? How does all this impact global financial markets?

A comprehensive guide to the emerging world of ‘green' investing, introducing opinions from industry experts on the key issues in sustainable investing. With concerns about climate change increasing among investors, many are looking for opportunities that offer positive social as well as monetary returns. This title explores the key issues related to "Socially Responsible Investment" (SRI), including investment strategies, risk and returns, market data, regulatory frameworks, and more. Looking at all investment classes, including bonds, equities, real estate, commodities, and many others, it provides an in-depth view of SRI-relevant asset classes to help you decide which is best for you.

Trading floors also determine how risk decisions are made and how risk gets managed in a major financial institution. This is crucial to understanding the health of the financial system globally. "Where is the risk?" and "How is it managed?" seem to be the questions most often asked about finance institutions. Interestingly, a better understanding of how the trading floor works, and the questions will generally turn into "What is the risk?" and "How is it measured?" Part of the challenge of understanding the trading floor is wading through the terminology. Bid-offer, market-maker, upfront, hedging, real money, going short, counterparty credit risk, liquidity etc at least are real words. But V@R, IRS, repo, ROC, CDS, PV, TVM, CVA etc aren't. This creates a language barrier that is overwhelming for most. This book will decipher and translate the world of trading both cash and derivative products.

It presents 20 case studies involving institutional investors that are currently following a sustainable investment strategy and explores how they have approached SRI.

Last of all, if you've ever wanted to know "who is the smartest person on the trading floor", "why you are only as good as your last trade", or "what risk is never considered but always there", this is the book to read.

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Features a Foreword by Dr. Klaus Schwab, Executive Chairman of the World Economic Forum.

The large number of case studies makes it extremely useful for practitioners. They can compare their own strategies with the investment strategies of their peers and learn from them.

The contributions from renowned practitioners (and academics) provide deep insights into sustainable/SRI investments across all asset classes.

Professional/institutional investors/advisors. CIOs/CFOs of financial services corporations such as insurances and banks, managers of family offices. Teachers and students.

Terri Duhon is Managing Partner, B&B Structured Finance Ltd, a derivatives training and consultancy business based in London. While running B&BSF she has undertaken several derivatives and securitisation consultancy projects as well as numerous training assignments in Europe, North America and Asia. Previously, she has worked as an interest rate derivatives trader at JP Morgan in New York, and was instrumental in developing the credit derivative market as well as building the BISTRO business: a cutting edge securitisation technique pioneered by JPMorgan.

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Dr. Mirjam Staub-Bisang is a founder and managing partner at Independent Capital Management Ltd., an asset management and real estate advisory firm, based in Hong Kong. Prior, she held senior positions in investment banking/asset management among which Commerzbank, Swiss Life Private Equity Partners and Merrill Lynch. Dr. Staub-Bisang serves on the advisory boards of several companies.

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Sustainable and Responsible Investment in Asia

The New Depression: The Breakdown of the Paper Money Economy

Geoffrey Williams

Richard Duncan

978-0-470-83014-7 / 0-470-83014-X 320 pp. Pub: 30/07/12 Finance & Investments Special Topics

978-1-118-15779-4 / 1-118-15779-6 224 pp. Pub: 18/04/12 International Economics & Trade

Sustainable and Responsible Investment (SRI) is fast becoming a major issue for many investors in Asia. This timely book from an international expert offers a comprehensive analysis of SRI in Asia and its implications for investors.

Richard Duncan established his reputation with his uncannily accurate predictions about the fate of the dollar outlined in his previous title The Dollar Crisis: Causes, Consequences, Cures which discussed his fears for the global economy as governments around the world claw their way back from the 2008 financial crisis by printing paper money.

This book takes a look at the development of SRI from its inception, explores the current market and its likely growth trajectory, and includes careful analysis of the issues that add investment value in the areas of Environmental, Social and Governance (ESG) in Asia. Featuring an introduction to Islamic financing, a form of ethical investment which is part of SRI and in which Asia plays a leading role, the book also looks at community investment (or philanthropic investment) in the region, as well as investment in social enterprises. •

The first book on Sustainable and Responsible Investment (SRI) in Asia

Takes a look at sustainability programmes across 20 stock exchanges in Asia

Includes important new data on the size of the SRI market, its growth, and its future trajectory

‘Quantitative Easing’, i.e. paper money creation by the US central bank, has created a firestorm of controversy that monopolises the front pages of all major newspapers every day yet its true significance is little understood. This book will change that. It examines the events leading up to this crisis from a different perspective by focusing on the role played by paper money creation — not only the creation of dollars, but the creation of all the major world currencies during the years leading up to the crisis. It also describes how governments around the world created the equivalent of trillions of dollars in new money to prevent the implosion of the global economy during the crisis of the last two years and how they will create and deploy trillions more as the crisis intensifies during the years ahead. After explaining the origin and nature of this crisis, this book outlines how events are ultimately likely to play out. It also describes what the reader can do to preserve their wealth.

Presenting a fascinating look into a new area of investment, Sustainable and Responsible Investment in Asia is a timely resource for investors confronting not only the ongoing global financial crisis, but also mounting concerns about climate change and environmental disasters.

Richard Duncan began his career as an equities analyst in Hong Kong in 1986, served as Global Head of Investment Strategy at ABN AMRO London, worked as a financial sector specialist for the World Bank in Washington DC, and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis. He is now chief economist at Blackhorse Asset Management in Singapore. Richard has published articles in The Financial Times, The Far East Economic Review, FinanceAsia and CFO Asia. He is also a well-known speaker whose audiences have included The World Economic Forum's East Asia Economic Summit in Singapore, The EuroFinance Conference in Copenhagen, The Chief Financial Officers' Roundtable in Shanghai, and The World Knowledge Forum in Seoul.

Dr Geoffrey Williams is a Founder and Director of the Academy of Responsible Management Sdn Bhd. He has designed and directed numerous research projects for the UK Government (DTI), European Commission (DGResearch), and European Standards Agency, among others. He was economic advisor to Her Majesty's Opposition in the United Kingdom and has also worked with private companies and charities including PA Consulting Group, leading UK law firm Allen & Overy, and the Wellcome Trust UK. He is a Deputy-Chair of the EU Malaysia Chamber of Commerce and Industry (EUMCCI) CSR Committee.

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Betting on China: Chinese Stocks, American Stock Markets, and the Wagers on a New Dynamic in Global Capitalism

The Economics of Sovereign Wealth Funds Massimiliano Castelli, Fabio Scacciavillani 978-1-119-97192-4 / 1-119-97192-6 288 pp. Pub: 22/06/12 Investments & Securities

Robert W. Koepp

A complete guide to sovereign wealth funds written by and for industry practitioners.

978-1-118-08714-5 / 1-118-08714-3 256 pp. Pub: 22/05/12 Investments & Securities

Sovereign Wealth Funds (SWFs) are not a new feature in global capital markets. The first SWFs were established during the first oil price boom of the early 1970s when Middle Eastern oil exporters started diversifying their current account surpluses in global capital markets. In the 1980s and 1990s SWFs quietly continued allocating their wealth mostly in the advanced economies (US / Europe) without attracting any particular attention by policy makers and investors. In the last decade, however, SWFs have come more and more into the limelight as the size of the assets they manage and the scale of foreign investments they undertake have grown much faster than in any previous decades. The rising importance of SWFs is mostly the result of the changes occurring in the global economy: as the rise of emerging markets fuels demand for commodities, global macroeconomic imbalances appear to have become an enduring feature of the global economy and the centre of gravity of the world moves towards the East, SWFs are set to play a growing role in global capital markets.

Timely and controversial discussion of the way that China's emerging financing structures are outperforming the West. "Made in China" has become "Funded in China." The world has awoken China’s might as a manufacturing powerhouse and dominance as a consumer of everything from natural resources to advanced technology. Yet we hardly hear anything about what is fueling China's growth, especially the high-risk venture capital and private equity finance that feeds the entrepreneurship and innovation that is positioning China at the forefront of tomorrow's industries. This book aims to illuminate a little understood, often mischaracterised, yet "hot topic" of global finance, innovation, and China in general: the Chinese version of VC and PE financing and the ways such risk capital is shaping the development of promising new enterprises in the world's fastest growing major economy.

This book is a one-stop guide to the macroeconomic environment within which SWFs operate. Written by two practitioners working in the industry, it provides a thorough guide to SWF's, covering the drivers of the industry, how it operates and grows, the interest from and in western markets and how the pivotal role that SWFs play in the world economy.

The book focuses on three types of related but separate high-risk equity finance forms in China: angel investment, venture capital, and private equity. It does this through real-world case studies and analysis that place the deeper meanings of the findings in their appropriate contexts to give readers a fuller appreciation of the subjects it covers.

Dr. Massimiliano Castelli is Executive Director and Senior Strategist at UBS Global Asset Management, where he acts as advisor to the Group Executive Board and Business Groups on global economic and financial market trends and on the implications of regulatory, political and financial market developments. He is a regular conference speaker on the topic of Sovereign Wealth and has published a number of papers on the topic. Dr. Fabio Scacciavillani is Director, Macroeconomics & Statistics at Dubai International Financial Centre, providing macroeconomic forecasts and analysis for the GCC and MENA regions, advises the Dubai government on financial market policy and heads up a task force for the establishment of a fixed income market in Dubai for conventional and Islamic securities.

Rob Koepp has had a career spanning the worlds of theory and practice in business, finance, economics, and global trade, and consults, helps fund and writes about highly creative organisations. Rob's written and spoken opinions and analyses appear in the Los Angeles Times, The Economist, Business Asia, Chicago Tribune, Singapore's Business Times and Japan's Nihon Keizai Shinbun, among others. Rob completed an English translation of a best-selling Japanese illustrated manga biography on George Soros (John Wiley, 2006).

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World Class Private Banking: Building a Culture of Excellence

Surviving Sovereign Debt: Investment Survival During the Coming Sovereign Default Crises

Boris F. J. Collardi

Michael Wong, Peter Treadway

978-0-470-82437-5 / 0-470-82437-9 256 pp. Pub: 30/07/12 Money & Banking

978-1-118-24721-1 / 1-118-24721-3 320 pp. Pub: 29/08/12 Personal Finance

Amid all the gloom in the banking industry, there is one bright spot - Private Banking. This timely book from one of the industry's brightest stars explains the key success factors in building a world class private bank.

A major economic crisis involving the ‘developed’ economies lies ahead which will involve sovereign defaults, major redistribution of economic wealth and an overhaul of the international financial system. This book will attempt to explain the oncoming crisis to investors and offer suggestions as to how to avoid massive losses.

Wealthy individuals are growing around the world. Banks and other financial institutions are competing to capture them by investing heavily into offices, events, advertising, people, etc. Despite these efforts few manage to get it right. This book provides a practical guide to excellence. Readers will discover a structured approach to delivering a true client experience to get ahead in the exciting industry of Private Banking

The book begins by clarifying the concept of government default. A legal default involves non-payment of interest and principal as outlined in the bond covenants. But there are other kinds of economic defaults including default by inflation, default by financial repression or, in the case of entitlements, the introduction of means testing or simply cutting promised benefits. Inflation default is another option. Most of the advanced countries borrow in their own currencies and can therefore simply print money to meet their obligations.

• Pick your strategy and stick to it. Define your business model. • Which clients where? What do they do and what do they like? The next generation. • Products and services. The platform. The five points client experience. Why quality matters. Service excellence.

Although every country has its own specific characteristics, the developed countries in the last decade have been building up fiscal deficits which were exacerbated by the downturn of 2008. The typical advanced country now has a net government debt/GDP ratio over 70%. In addition, all the advanced countries face aging populations and burgeoning entitlement programmes. Some kind of default seems inevitable.

• The right organisation, culture, leadership and people. Boris F.J. Collardi, CEO, Bank Julius Baer & Co. Ltd, Switzerland, oversees all operational issues on both national and international basis. He also played a significant role in the successful integration of the 4 private banks bought from UBS into Bank Julius Baer. Before joining Julius Baer in 2006, he spent 12 years with Credit Suisse and contributed significantly to its successful buildup and the expansion of the private banking business in both Europe and Asia. During his years with Credit Suisse he attained the positions of Chief Financial Officer and Head of Corporate Centre within CS Private Banking. Boris combines extensive leadership experience with proven expertise in the successful implementation of ambitious strategic projects. Boris' international work experiences stems from 6 years spent in Asia and the UK.

The central thesis of the book is that only a denial of market access to further government borrowings (the crisis) will force real action and that default is part of this action. And this market access denial must eventually happen. Deeply involved in this crisis will be the dollar centric international monetary system. When all is over, the dollar will not be at the center of the system as it now is. The book will conclude with advice to investors as to how to survive this crisis and where to invest to avoid catastrophic losses. Two forecasts: gold will continue to rise and sooner or later government debt including that of the US and Japan will be shunned. Dr. Peter Treadway is Chief Economist of CT Risk Solutions and adjunct professor of City University of Hong Kong. Michael Wong is founding President of CTRISKS, a credit rating agency/risk consulting firm, and an Associate Professor of Finance of City University of Hong Kong.

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The Global Biofuels Market: Trading and Operations

Autumn/Winter 2011 Corporate Finance & Accounting

Tom James, Francesca Zerenghi

Fraud Risk Awareness Training

978-0-470-82600-3 / 0-470-82600-2 320 pp. Pub: 16/07/12 Trading

K. H. Spencer Pickett

This book provides an in depth knowledge on global biofuel industry, which is one of the emerging markets in Asia, Middle East and the US.

978-0-470-68258-6 / 0-470-68258-2 256 pp. Pub: 18/01/12 Auditing

Professional traders in biofuel markets, shipping companies, investment firms and government policy makers are sure to benefit from the valuable insights on the practical experience of shipping biofuels and the firsthand knowledge of the issues in trading and transportation of these fuels that this book contain.

Provides guidance, standards and support for organisations needing to develop better fraud risk awareness amongst their workforce, associates and partners. There is a growing interest in effective fraud awareness training for managers and front line staff, to meet the growing threat of internal and external fraud. Recent legislation sets out responsibilities of management when it comes to effective fraud risk management, meaning management are responsible for processes to detect fraud; adequate controls to prevent fraud; dealing with issues raised by staff (including taking appropriate action to deal with reported or suspected fraudulent activity). Board Members are responsible for setting ethics and policies; adequate and effective internal control; risk and threat assessment; adequate and effective internal audit.

This book is focused is on the practical trading and distribution of Biofuels. Topics covered include the Trading, Handling, Storage issues, Refining and Distribution and Pricing and Price risk management of Biofuels markets. • This book covers all the key elements a Trader and Green Entrepreneur and Energy consumer needs to know about the established and the still emerging Biofuels Markets of the world The key feature of this book is that it is based on the authors’ practical experience in this emerging market which is still very new market with very few people with real hands on experience in the international market.

This book provides a simple, effective method of developing a strategy that focuses on training employees using a sixstage approach. This involves understanding the threat, appreciating respective responsibilities, recognising red flags, mastering suitable internal controls and managing the risk of fraud. Using this approach, all readers will be able to develop an important new skills-set that will help them understand and deal with the risk of fraud in the workplace.

Tom James is an expert in Energy and commodity markets. His broad experience gained through 19 years in the energy and commodity sector, covers investment in and trading across Asian, Central Asian, Middle East, West African, European and North American markets. His career has spanned the complete value and business process chain from upstream to downstream in energy & other commodity markets. In recent years his focus has been on Emissions Markets and the developing Bio Fuel and Renewable Energy Sector. Francesca Zerenghi has hands on experience as an investment analyst and trader in bio fuels, bio mass and renewable energy projects, for example, the successful project management of several green energy bio-diesel refineries, storage, wind farm and power generation projects using waste-derived-fuel (WDF) and Bio-mass.

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KH Spencer Pickett, Course Director National School of Government, is author of 13 books published by John Wiley and Sons, lecturer in internal auditing, risk management and investigations, member of ACCA Corporate Governance and Risk Management Committee, member of ACCA Internal Audit Members Network and executive committee member of the UK's Control Risk Self Assessment Forum. Internal Auditor at Work - Licensed: Serbian, Simplified Chinese The Essential Handbook of Internal Auditing - Licensed: Serbian, Simplified Chinese, Spanish Internal Control - Licensed: Simplified Chinese, Japanese Auditing for Managers - Licensed: Simplified Chinese

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Frequently Asked Questions on Anti-Bribery and Corruption

Frequently Asked Questions in Corporate Finance

David Lawler

Pascal Quiry, Yann Le Fur, Maurizio Dallochio, Antonio Salvi

978-1-119-97197-9 / 1-119-97197-7 376 pp. Pub: 07/01/12 £39.99 Paper Finance & Investments

978-1-119-97755-1 / 1-119-97755-X 488 pp. Pub: 30/09/11 Corporate Finance

A practical guide to compliance with best practices in antibribery and corruption, encompassing law, accounting, sales and marketing, management, internal auditing and investigative techniques.

A concise FAQ format guide to corporate finance, from the team behind the vernimmen.com website. Filled with the answers to all of the most common, and not so common, questions about corporate finance, the book presents authoritative, reliable information from a respected team of experts from the banking, corporate, and academic worlds. It is presented in an easy-to-use, highly accessible "question and answer" format providing an essential reference for students of corporate finance and practicing corporate financiers alike, answering key questions in financial engineering, valuation, financial policy, cost of capital, financial analysis, and financial management.

We are now in a changed business environment. Most countries have either adopted the OECD anti-bribery guidelines or enacted their own. Led by the US DoJ, multinationals are being aggressively targeted and prosecuted. Companies are facing penalties and remediation costs in the billions of dollars, and executives are serving time in prison. The Bribery Act 2010 represents the new ‘gold standard' against which companies' anti-bribery programmes will be judged. Anti-bribery programmes need to be in place in all businesses — especially those operating overseas. This book is a guidebook to allow business managers and advisors to put in place, communicate and test controls and procedures that comply and exceed that required under the new anti-bribery laws; and to effectively react to allegations of bribery if and when it occurs.

Covering both theory and practice of corporate finance, this book demonstrates how financial theory can be put to use solving practical problems like: • What advantages are there to a business looking to spin off its divisions into subsidiaries? • Is there a formula that can be used to determine the change in normalised free cash flows?

It is a business book, written by a chartered accountant and compliance expert - not primarily a law book written by a lawyer. It provides concrete guidance on what practical steps the company should take, rather than detailing what the law says a company should do. It is written to answer all the questions that business managers face in this area, and in a form where managers and consultants can extract essential information and checklists to enable them to act quickly.

• What are the possible reasons behind a share buyback? • What are the pros and cons of off-market share buyback? Pierre Vernimmen (deceased) Graduate of HEC and Harvard, was a founding member and first coordinator of the Finance Department at HEC, where he established himself as a leading academic in the field of corporate finance. Pascal Quiry is Adjunct Finance teacher at leading French Business School HEC Paris, and Managing Director at BNP Paribas Corporate Finance, specialising in M&A transactions for listed companies. Yann Le Fur is based at Schroder Salomon Smith Barney, France. Maurizio Dallocchio is past Dean of SDA Bocconi School of Management, and holder of the Lehman Brothers corporate finance chair in Bocconi University. Antonio Salvi teaches at the Bocconi Business School.

David Lawler is a partner at Forensic Risk Alliance (FRA), a full service consulting firm specialising in Forensic Accounting, Financial Investigation, Litigation Support, and Electronic Discovery. David leads the FRA's forensic accounting practice. He is a Fellow of the ICAEW, the Chartered Institute of Arbitrators (MCIArb), the Association of Certified Fraud Examiners (CFE) and the Academy of Experts (MAE) and is an accredited Commercial Mediator (Australian Commercial Disputes Centre and ADR Group). David frequently writes and speaks on bribery and corruption, as well as forensic accounting generally. He edits and authors the European Anti-Bribery Blog at www.antibriberyblog.eu

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Handbook of Corporate Performance Management

IFRS Financial Statement Disclosures: A Casebook and Guide

Mike Bourne, Pippa Bourne

Mike Turner, Gavin Huber

978-0-470-66936-5 / 0-470-66936-5 416 pp. Pub: 09/09/11 Personal Finance / Financial Advising

978-1-119-95330-2 / 1-119-95330-8 416 pp. Pub: 02/03/12 ÂŁ65.00 Paper International Accounting

A thorough and comprehensive guide to measuring and managing the performance of businesses, understanding where you are, communicating where you want to be and managing towards your longer term strategic goals.

An invaluable source book of technically accurate samples of financial statement disclosures presented by major, global firms.

Measuring performance in a way which is linked to strategy and measures the right activities is a process which few organisations undertake, but those which do reap substantial benefits in terms of increased success. Even fewer organisations can maintain and use their measurement system effectively, engaging the workforce in delivering success. This book will show readers how to do just that, using relevant examples from a variety of organisations.

A sourcebook of best practice disclosures, the reports in this book have been selected from a repository of over 2,000 financial statements. The disclosures presented provide technically accurate samples of similar financial statements, as presented by major entities applying IFRS. Where appropriate, and where this will be of benefit to IFRS financial statement preparers, disclosures have been selected from US GAAP. Including technical topics such as impairment, business combinations, and fair value, each section gives an overview of the topic, outlines specific issues particular to the topic needing special attention, a definition of the detailed disclosure requirements, and sample disclosure presentations from a cross-section of companies.

Taking a practical approach, and including details of processes and tools that can be adopted and customised by any organisation, the authors also include guiding principles to help readers avoid the pitfalls of inappropriate performance management. The book, uniquely, combines guidance on the practical use of frameworks such as the Balanced Scorecard, with the application of measures to manage performance.

Mike Turner is a course lecturer and examiner for the US GAAP Diploma (Chartered Accountants Ireland). Mike lectures on a range of IFRS and US GAAP courses, and was former IPSAS expert for NATO. He joined BPP International in Romania in 1997 and moved to Hungary in 2000. He is a US CPA from Los Angeles and has worked in Central and Eastern Europe for some years, including working for Deloitte & Touche. Gavin Huber is a South African Chartered Accountant and managing partner in a consulting business. After training with Deloitte & Touche, he joined the Central European region with Deloitte where he managed various key clients including US multinationals General Motors and Proctor & Gamble. He has 10 years experience in the design, writing and facilitation of US GAAP, IFRS and professional skills courses.

Mike Bourne is Professor of Business Performance at the Centre for Business Performance, Cranfield School of Management. He has spent the last fifteen years working with organisations supporting senior management teams through the process of designing, implementing and using their balanced scorecards and related performance management techniques. He has over 100 publications to his name and is co-author of several books. Bourne is also the editor of the Gee Handbook of Performance Measurement and was the editor of the journal Measuring Business Excellence. Pippa Bourne is Regional Director for the Institute of Chartered Accountants. At Cranfield, Pippa ran the Open programme, in-company and general management courses, where she implemented and used the Balanced Scorecard to manage the profit centre. She is the co-author of Balanced Scorecard Instant Manager, Balanced Scorecard in a Week, Achieving High Performance, Motivating People and Change Management in a Week, and edited the journal Measuring Business Excellence.

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Financial Engineering

Financial Engineering and Arbitrage in the Financial Markets, 2e

C# for Financial Markets with CD ROM

Robert Dubil

Daniel J. Duffy, Andrea Germani

978-0-470-74601-1 / 0-470-74601-7 368 pp. Pub: 02/09/11 ÂŁ45.00 Cloth. Financial Engineering

978-0-470-03008-0 / 0-470-03008-9 288 pp. Pub: 02/03/12 ÂŁ60.00 Cloth Financial Engineering The only comprehensive coverage quantitative finance community.

of C#

for

Written by a highly experienced practitioner and academic, this book is an easy-to-understand guide to the complex world of today's financial markets. Filled with insights and real life examples from the trading floor it is essential reading for anyone starting out in trading.

the

This practice-oriented book shows how to design and programme pricing and trading models using the C# programming language. It is a step-by-step account of how to develop software programmes that can be used by traders in real life situations. The authors show how both novice and experienced traders can develop robust and accurate pricing models and use them in work environments.

Many students of financial markets and institutions learn a lot of the descriptive details about types of securities and products traded, but do not gain a real insight into what drives people to trade in these markets. They leave the classroom still believing that financial trading firms primarily speculate on the direction of the market movements or earn money from fees. They fail to grasp the concept of relative value arbitrage, which drives most of the trading in today's fast and interconnected markets.

The authors bring C# to the quantitative finance community by applying it to the design and implementation of complete applications in quantitative finance, for example: Curve and surface modeling, fixed income products, hedging strategies, plain and exotic option modeling, interest rate options, structured bonds, unfunded structured products and many more.

This book will teach them what money and capital markets are about through a sequence of arbitrage-based numerical illustrations and exercises enriched with institutional detail. It will explain to the reader what all the people sitting on the trading floors of financial firms do and why they all sit together.

The authors create a number of models using several numerical techniques: Exact analytical solutions, Lattice models, Monte Carlo and Quasi-Monte Carlo and Finite difference methods.

• Fully revised and updated. Since 2004 the audience for the books has evolved from quants and advanced traders to a much broader, lower level. The book has been simplified and includes more cases and examples to reflect this.

Finally, they use the full programming power of the Microsoft .NET framework to develop flexible applications and code: Seamless integration with Windows Forms (GUI), Object-oriented and component-based development in C#, Seamless two-way interfacing with Excel, Lots of .NET libraries to help you become more productive.

Robert Dubil is an Associate Professor of Finance at the David Eccles School of Business of the University of Utah. He is a former Chief Strategist at HedgeStreet, Director of Risk Analytics in the Corporate Risk Management group at Merrill Lynch, Head of Exotic Fixed Income Derivatives Trading at UBS and Chase Manhattan. His articles covering banking regulation, venture capital, risk management, and personal finance can be found in the Journal of Applied Finance, Financial Services Review, Journal of Entrepreneurial Finance and Business Ventures, Journal of Investing, Journal of Wealth Management, Corporate Finance Review, and Journal of Financial Planning. His last book An Arbitrage Guide to Financial Markets was published in October 2004.

Daniel Duffy based in the Netherlands, is founder of Datasim Education and Datasim Component Technology, two companies involved in training, consultancy and software development. He is also a numerical analyst who has been working in the IT business since 1979. As early as 1993 he was involved in C++ projects for risk management and options applications with a large Dutch bank. Andrea Germani is Head of Structured Products at Banca Popolare di Lodi, Italy. Prior to this he was the Head of the Derivatives unit.

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Dynamic Copula Methods in Finance

Understanding and Managing Model Risk: A Practical Guide for Quants, Traders and Validators

Umberto Cherubini, Fabio Gobbi, Sabrina Mulinacci, Silvia Romagnoli 978-0-470-68307-1 / 0-470-68307-4 288 pp. Pub: 14/10/11 £70.00 Cloth Financial Engineering

Massimo Morini 978-0-470-97761-3 / 0-470-97761-2 448 pp. Pub: 23/09/11 £60.00 Cloth. Financial Engineering

A unique book bringing the latest tools and techniques for pricing and risk management to the practitioner.

A practical guide to measuring and managing model risk – an essential for all risk practitioners in a new era of risk regulation.

Copulas form a core part of modern mathematical finance and are used in a broad range of functions including derivatives pricing, risk management and statistical arbitrage trading.

Understanding and Managing Model Risk is a guide to the validation and risk management of quantitative models used for pricing and hedging. It starts from regulatory issues, but translates them into practical suggestions to reduce the likelihood of model losses, basing model risk and validation on market experience and on a wide range of real world examples.

This book will introduce readers to the use of copula functions to represent the dynamics of financial assets and risk factors, integrated temporal and cross-section applications. The first part of the book will briefly introduce the standard theory of copula functions, before examining the link between copulas and Markov processes.

It offers a deep understanding of the financial implications of mathematical models for regulators, senior management in financial institutions, traders and other practitioners.

The second part of the book will show readers how to apply these methods to the evaluation and pricing of multivariate derivative contracts in the equity and credit markets.

• Highly topical – the risk of model failure cannot now be underestimated, and is a core focus for all financial institutions.

Umberto Cherubini is Associate Professor of Mathematical Finance at the University of Bologna, and partner in Polyhedron Computational Finance, Florence, Italy. He is Fellow of FERC, Cass Business School, London, and Ente Einaudi, Bank of Italy, Rome. He has also taught graduate finance courses at Catholic University in Milan, Hitotsubashi University in Tokyo, and is supervisor of the Market Risk Area at the risk management education programme of the Italian Banking Association. He is a member of the independent screening committee of TLX, the new Italian structured products market. Before joining academia, he was with the Economic Research Department of Banca Commerciale Italiana, where he was Head of the Risk Management Unit. Fabio Gobbi PostDoc fellow, University of Bologna. Sabrina Mulinacci, Associate Professor, University of Bologna. Silvia Romagnoli, Assistant Professor, University of Bologna.

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• Although mathematical, the book offers highly practical and easy to implement methodologies for model risk management from an author with hands on experience in managing model risk and implementing risk measures. Massimo Morini is Head of Credit Models and Coordinator of Model Research at IMI Bank, where he is responsible for the development and validation of new models for Interest Rates, Credit, Equity and Hybrids including at times Inflation and FX. He is also Professor of Fixed Income, Bocconi University. Previously, he has held positions as Senior Front Office Quantitative Analyst for credit derivatives and Senior Internal Consultant for interest rate derivatives and models. He has served as a Consultant for Banco Del Bilbao, Dexia Bank and KPMG, and regularly runs training courses on quantitative finance topics, and speaks on the quant conference circuit.

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Measuring and Managing Liquidity Risk

Hedge Fund Modeling and Analysis Using Excel and VBA

Antonio Castagna, Francesco Fede

Paul Darbyshire, David Hampton

978-1-119-99024-6 / 1-119-99024-6 288 pp. Pub: 06/04/12 £60.00 Cloth Financial Engineering

978-0-470-74719-3 / 0-470-74719-6 288 pp. Pub: 06/01/12 £60.00 Cloth Financial Engineering

One fallout from the financial crisis has been a recognition of the need to better understand, measure and manage liquidity risk, making it a real focus of forthcoming changes in banking regulation. This is a fully up to date, practical but theoretically grounded guide to measuring and managing liquidity risk.

A guide to managing Hedge Fund risk and return in this a new era of financial volatility, risk and uncertainty. A practical and implementation-driven text that guides readers through real modeling and analysis exercises for hedge funds, enabling them to identify risk and return factors across their investments. Starting with an overview of Hedge Funds and covering the key styles and strategies adopted by managers, the book then moves on to look at Hedge Fund data sources — a key area in understanding the strengths and weaknesses of a hedge funds style and strategy. The book then discusses performance measures, both basic and risk-adjusted, and how to model hedge fund returns. Finally, the book covers more sophisticated Hedge Fund analysis, and risk management techniques.

This is a fully up to date, cutting edge guide to the measurement and management of liquidity risk. Written for front and middle office risk management and quantitative practitioners, it provides the ground-level knowledge, tools and techniques for effective liquidity risk management. Written with a highly practical cut, though thoroughly grounded in theory, the book begins with the basics of liquidity risks and, using examples pulled from the recent financial crisis, how they manifest themselves in financial institutions. The book then goes on to look at tools which can be used to measure liquidity risk, discussing risk monitoring and the different models used, notably financial variables models, credit variables models and behavioural variables models, and then at managing these risks. As well as looking at the tools necessary for effective measurement and management, the book also looks at and discusses current regulation and the implication of new Basel regulations on management procedures and tools.

This book will serve as a complete course in Hedge Fund Modeling and Analysis and will arm those in the field with the full range of tools they need to manage their risks and capitalise on the return profiles of their investment styles. Paul Darbyshire is a consultant, trainer and visiting academic at Oxford University. As a consultant, he delivers a range of Hedge Fund, Asset Management and Financial Modeling courses for finance professionals, and regularly works with Financial News Training, Incisive Media, the IFF and Euromoney, as well as working with Credit Suisse and Lloyds TSB. Paul has also delivered courses at Oxford, LBS and Kings College. Previously, he worked as a City practitioner, working on the implementation of market models, stress testing and shock analysis for interest rate risk management. He then moved into quantitative trading in currency exotic options and structured finance on Wall Street. David Hampton is Assistant Dean of the Financial Economics Track at EDHEC Business School, Nice. He also holds positions as Programme Manager of the Finance based Masters of Science programmes at EDHEC and is a Research Associate at EDHECs Risk and Asset Management Research Centre. David is also the founder and president of HedgeFundSciences.com. Prior to his current positions, David has held roles at CERAM Business School as Adjunct Professor; the University of Toulon as Adjunct Professor; founder of Helio Capital Management Ltd., and Bank of America Capital Markets, London, as a Quantitative Analyst.

The book will be accompanied by web-based tools including example spreadsheets to illustrate many of the more complex topics in the book. Antonio Castagna, is Partner of Consulting Firm Iason Ltd., Head of Structured Products at Banca Profilo, Milan, Italy. Prior to this, he was head of FX Volatility trading at Banca IMI and has also held positions as Interest Rate Options Trader, FX Options Trader in Milan and Financial Risk Analyst at IMI Luxemburg. Antonio holds Chartered Accountant and Certified Public Accountant qualifications and is very active on the conference circuit and teaching at Masters level on FX topics. Francesco Fede, Head of Treasury at Banca IMI, Milan, Italy, one of the major European investment banks, is also involved in redefining the liquidity policy for the IntesaSanPaolo Bank, the parent company of Banca IMI and the second largest Italian bank. Previously, he has held positions as Head of the Financial Analysis Unit in IMI Banca Luxembourg, and SVP Treasury and SVP structured Bond Dealer, also at Banca IMI. S p r i n g / S u m m e r

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The Mathematics of Derivatives Securities with Applications in MATLAB

Essential Mathematics for Market Risk Management

Mario Cerrato

978-1-119-97952-4 / 1-119-97952-8 416 pp. Pub: 01/02/12 ÂŁ39.99 Cloth. Insurance & Risk Management

Simon Hubbert

978-0-470-68369-9 / 0-470-68369-4 512 pp. Pub: 02/12/11 ÂŁ39.99 Paper Financial Engineering

Written by an academic with a practical background in risk analysis, this book is a one stop shop for all you need to know in order to manage risk effectively within your organisation.

An accessible text which introduces, explains and demonstrates complex financial problems with MATLAB. The book is divided into two parts: the first part introduces probability theory, stochastic calculus and stochastic processes before moving on to the second part, which instructs readers on how to apply the content learnt in part one to solve complex financial problems such as pricing and hedging exotic options, pricing American derivatives, pricing and hedging under stochastic volatility, and interest rate modelling.

There are many textbooks available on the subject of financial risk management, however relatively few of these develop and emphasise the mathematical story behind this subject. In short, there isn't an obvious mathematical risk management equivalent to the plethora of mathematical pricing textbooks mentioned that exist. Hubbert plugs this gap for both financial mathematics students and practitioners. The book is self-contained and takes the reader on a mathematical journey from the early ideas of risk quantification up to the sophisticated models and approaches of the present day, linking and highlighting the milestones along the way.

Each chapter provides a thorough discussion of the topics covered, with practical examples in MATLAB so that readers will build up to an analysis of cutting edge research in finance, combining probabilistic models and cutting edge finance illustrated by MATLAB applications.

The book opens with an introduction to the kinds of problems that a typical financial risk manager will face both on a day-to-day basis (e.g. monitoring the performance of a financial portfolio) and also in the form of long term projects (e.g. developing a model for the volatility of a financial asset). It covers the mathematical and statistical toolbox and mathematical risk management basic and advanced theory.

The current liquidity crisis has demonstrated the need for accurate pricing models and given the complexity of financial products, people with high numeracy skills and modelling knowledge are going to be in high demand in the future; this book does not require the reader to have a background in probability theory or finance.

• Risk management is at the top of banks and other financial institutions agenda. Risk management is a core module on financial engineering and quantitative finance programmes.

Mario Cerrato is a Lecturer in Economics at the University of Glasgow, Department of Economics. He previously held posts at London Metropolitan University, Banca del Salento and Expedia Capital Management Ltd. He has been actively involved in various consultancies in the area of financial engineering over the last five years. He has published numerous articles in the area of financial econometrics and financial derivatives in international journals like the International Journal of Finance & Economics and International Journal of Theoretical and Applied Finance, Computational Statistics and Data Analysis.

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Dr Simon Hubbert is the Programme Director for Financial Engineering and a lecturer in financial mathematics at the School of Economics, Mathematics and Statistics at Birkbeck University of London. Before joining Birkbeck Simon worked for the Debt Management Office, a branch of HMTreasury, as a risk analyst. He has also engaged in consultation work with IBM-global service on a range of projects covering risk management and pricing.

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The Handbook of Energy Trading

Investments, Securities & Trading

Stefano Fiorenzani, Samuele Ravelli, Enrico Edoli

The Complete Guide to Portfolio Construction and Management

978-1-119-95369-2 / 1-119-95369-3 400 pp. Pub: 20/01/12 £60.00 Cloth Financial Products

Lukasz Snopek

A rigorous yet practical guide to quantitative trading for the energy markets.

978-1-119-97688-2 / 1-119-97688-X 288 pp. Pub: 04/01/12 £45.00 Cloth Institutional & Corporate

In recent years we have witnessed phenomenal growth in the energy sector. Globally energy trading has become a fundamental activity for utilities (vertically integrated energy companies), investment banks and hedge funds attracting a lot of experienced personnel from other financial sectors such as equity, FX or fixed income. Soaring prices and increasingly complex markets have created an unprecedented appetite from practitioners for the most up to date technical knowledge in order to maintain a competitive advantage.

This book provides comprehensive coverage of portfolio construction and management from a risk based perspective, and introduces a new framework for analysing and building a robust portfolio in uncertain markets. If the recent financial meltdown has shown us anything, it is that traditional portfolio management techniques such as modern portfolio theory and the efficient market hypothesis are flawed, and that now, more than ever, investors need to look beyond traditional methods of expected returns and consider new approaches to managing, growing and preserving their capital.

This book guides readers through all the various aspects of energy trading from operational strategies and mathematical methods to practical techniques, providing support for energy trading managers, energy traders and energy trading analysts.

This title is a one-stop guide to portfolio construction and management in a modern context. Split into eight sections, it provides comprehensive coverage of all the key portfolio construction and management techniques, and includes coverage of market efficiency; fundamental, technical and behavioural analysis; stock selection techniques as advocated by Buffett, Benjamin and Lynch; analysis of asset classes and their inherent risks, and how to manage them; asset valuation and the anticipation of market movements. The author adopts a risk-based approach throughout, allowing for a much higher appreciation of portfolio risks, reminding readers that inflation, together with the risk of value fluctuation, represents one of the main risks for the investor. Finally, the author introduces his own framework for portfolio construction, based on four forces which drive the market: the macro force, the fundamental force, the technical force and the behavioral one.

Key features include: • How to structure an energy trading business in order to maximise the probability of success. • Guidance on how many energy trading strategies and energy trading instruments can be used and how they should be used. • Real life case studies from the energy markets. Unlike most books in this area which are usually considered too theoretical or written by theoreticians with little practical experience, this book uniquely combines academic theory and rigor with a practitioner focus making it essential reading for all energy trading professionals. Stefano Fiorenzani is currently the Head of Risk and Middle Office at EGL Italia. He has written a number of articles on energy trading and teaches postgraduate Energy Finance at the University of Milan Bicocca, and the Politecnico of Milan. Samuele Ravelli is a Quantitative Analyst / Structurer at Eon Trading, Milan Italy. Enrico Edoli is a Quantitative Analyst at EGL Italia, Venice, Italy.

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Lukasz Snopek is Vice President of Relationship Management at Credit Suisse Group, Geneva, Switzerland, where he is responsible for managing and developing a portfolio of high net worth clients, and imparting investment and portfolio construction advice. Previously, he was a relationship manager at Lloyds Banking Group, and has also held positions at IPB, KPMG and Grant Thornton.

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A Guide to Islamic Investing

Foreign Exchange Markets, Derivatives and Structured Products: For Wealth Management Professionals

Brian B. Kettell 978-0-470-97802-3 / 0-470-97802-3 256 pp. Pub: 28/10/11 £29.99 Cloth Investments & Securities

B. S. Low 978-0-470-82800-7 / 0-470-82800-5 256 pp. Pub: 25/03/12 £80.00 Cloth Investments & Securities

A practical guide to investing in the rapidly expanding and hugely popular Islamic financial markets. The growing awareness of, and demand for, investing in accordance to Islamic principles on a global scale has created a flourishing interest in Islamic investing, a trend enhanced by the increasing wealth in the hands of Muslims worldwide who are actively involved in corporate, investment and business activities.

Comprehensive guide to foreign exchange products for wealth management professionals. This book aims to provide a complete and accessible reference for foreign exchange markets and FX products for anyone working in the private wealth management industry.

A Guide to Islamic Investing is the first book dedicated to showing investors the range of Islamic investments out there, and how to invest in them. Beginning with a brief introduction to the tenets of Islamic finance and structure of the capital markets, the book looks at the different asset classes available to investors, covering Islamic Equities and Exchange Traded Funds (ETF’s), bonds, commodities, derivatives and real estate, and how they differ from their Western counterparts. As well as covering all key asset classes, the book will also cover the basics of Islamic portfolio theory, and at the wholesale and retail markets open to investors. The book will also feature a number of case studies which illustrate how the markets operate in practice.

Dealing primarily with over-the-counter products, the book provides extensive coverage of FX spot, forward, NDF, swaps, options and exotic option transactions in terms of their characteristics, pricing concepts, associated risks and their applications with a focus on wealth management. The book also gives a detailed analysis of many structured FX investment products so that wealth management professionals can understand when to sell them, who are they suitable for, the inherent risks and potential returns, and how they are being structured. Professor Low is Director of the MSc (Financial Engineering) Programme at the Nanyang Technological University. Prior to joining the academia, he worked as an external auditor in an international accounting firm, and as a treasury dealer in the banking sector. He has extensive experience in consulting and executive teaching. Some organisations that he has consulted and taught for include ACI, AIA, Air Liquide, BOC, China Construction Bank, China Merchant Bank, CITIC Bank, Citigroup, DBS, HSBC, IE Singapore, KPMG, M1, OCBC, Singapore Academy of Law, SGX, SFI, ST Engineering, ST Group, Singapore FX Market Committee and UBS. He was retained as Technical Advisor on derivatives for Ernst & Young, Transaction Advisory Services from 2004 to 2008. He was also appointed as a project consultant in the area of finance for the United Nations from 1994 to 1998. He has served on the Board of the CFA Singapore (1999-2004). His current research interests are in corporate risk management, asset pricing and financial engineering. He received the Best Teacher Award for the MSc (Financial Engineering) Programme in 2007 and the Best Teacher Award for the Banking and Finance Division in 2008.

• Features a number of case studies which illustrate how the markets operate in practice. • Islamic finance is a hot topic and it is expected that Islamic funds will become a common feature of retail and institutional portfolios in the coming years. • There are over 700 Islamic financial institutions currently operating in about 75 countries worldwide, with more than 100 Islamic equity funds managing assets in excess of US$ 25 billion. Brian Kettell has a wealth of practical experience in the area of Islamic banking and finance. He worked for several years as an economic advisor for the Central Bank of Bahrain where he had numerous Islamic banking responsibilities. Subsequently, Brian taught courses on Islamic banking and finance at a range of financial institutions.

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History of Hong Kong Stock Exchange: From Old Boys Club to World Class Bourse

Trading the Fixed Income, Inflation and Credit Markets: A Relative Value Guide

Raymonde Sacklyn

Troy Bowler, Neil C. Schofield

978-0-470-83038-3 / 0-470-83038-7 320 pp. Pub: 23/12/11 £26.99 Cloth Investments & Securities

978-0-470-74229-7 / 0-470-74229-1 312 pp. Pub: 09/09/11 £45.00 Cloth Investments & Securities

A fascinating inside account of the radical transformation of the Hong Kong Stock Exchange from a cozy, old-boys colonial network to the dynamic exchange that is now the envy of the world.

In this book, the authors give an applied approach to relative value techniques, showing readers how to decide on the best place to put their money in order to get the best return.

A short of history of the stock exchanges of Hong Kong and the people involved in its development: The Good, The Bad; and The Smugly.

It covers multiple asset classes commodities and equities although the income. They cover products that are such as CMS floaters and structured products.

Raymonde Sacklyn kept copious notes of the events which took place in Hong Kong, during the stock-market revolution, brought about in 1969 by Mr Ronald Li Fook Shiu and his supporters. The founding of Far East Exchange Ltd broke the back of the monopoly, held for 129 years by The Hong Kong Stock Exchange, which was controlled, completely, by 60 men in those days.

The initial part of the book will consider the main derivative products and their pricing interrelationships. It argues that within any asset class there are mathematical relationships that tie together four key building blocks: cash products, forwards/futures, swaps and options. The nature of these interrelationships means that there may be a variety of different ways in which a particular strategy can be expressed. The second part of the book will be focused primarily on relative value within a fixed income context and will look at strategies that build on the pricing relationships between products as well as those that focus on how to identify the optimal way to express a view on the movement of the yield curve. The third part of the book will take the main themes of relative value and show how they could be applied within other asset classes.

The establishment of Far East Exchange Ltd, also, had a very positive, knock-on effect in that it hastened the drafting of new Hong Kong laws, laws that would help to protect minority shareholders of companies, listed on the equity markets of the territory. Prior to the promulgation of these new laws, the powerful and the wealthy business people of Hong Kong thought nothing of committing financial rape of the minorities. • Some of the events in the history of Hong Kong from 1969 are tragic; some events are, in retrospect, ludicrous; other events are unimaginable in today's world.

Troy Bowler is currently a Director at Barclays Capital the Investment Banking arm of the Barclays Bank Group. He was appointed Global Head of Commodity Hedge Fund Sales in 2006 after spending several years working in fixed income hedge fund distribution. Prior to this he was head of relative value research at Deutsche Bank. Neil Charles Schofield, London UK is Associate Director at Barclays Capital, the Investment Banking arm of the Barclays Bank Group. He is responsible for the design and delivery of financial markets training for all staff globally. Prior to this he was a Director at Chisholm Roth Financial Training in London, where for 4 years he delivered a variety of training programmes to Blue Chip Investment Banks around the world.

• An extraordinary range of characters and events are introduced to the reader, from the arrogant to the devious to the brilliant. • A real insider’s account full of unique anecdotes and comments from those involved in the key developments of the Stock Exchange. Raymonde Sacklyn has written a number of books and is the founder of TARGET, a weekly financial newsletter in Hong Kong. It is still published and is known to have 500,000 readers worldwide.

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– fixed income, main focus is fixed rarely documented interest and credit

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Private Equity in China: Challenges and Opportunities

The Principles of Banking: Capital, Asset-Liability and Liquidity Management

Kwek Ping Yong

Moorad Choudhry

978-0-470-82651-5 / 0-470-82651-7 256 pp. Pub: 25/10/11 £100.00 Cloth Investments & Securities

978-0-470-82521-1 / 0-470-82521-9 350 pp. Pub: 25/10/11 £60.00 Cloth Money & Banking

This book contains an accumulation of valuable experience and insights about acquiring companies, turning them around, improving operations and developing companies into "Chinese giants" on the world market.

An essential book for the international banking community as it seeks to re-establish its credibility and put its house in order.

China's rapid growth, expanding openness, and developing consumer market have made the region a hotbed of opportunity-and risk-for today's multinationals. As Chinese companies become increasingly sophisticated and mature in their conduct of business to expand regionally and globally, the need to tap on to capital has never been more urgent.

Explains the original principles of banking such as sound lending policy and liquidity management the dire need for these to reinstated and emphasised by and for bankers, regulators and investors. This book investigates the part played by unsound banking practices in the creation of the 2007-2008 financial market crisis.

Even with the stimulus package that the Chinese government has implemented, many firms still struggle to tap on to capital markets. Private equity has emerged as a viable and important source of capital for Chinese markets in recent times. Yet, private equity as an asset class has often been misunderstood not just in Western markets but more so even in Chinese markets.

Moorad Choudhry is currently Head of Treasury at Europe Arab Bank, a subsidiary of Arab Bank, in London. He was previously Head of Treasury at KBC Financial Products UK Limited. Prior to that he worked as a government bond trader at ABN Amro Hoare Govett Limited and Hambros Bank Limited and was Vice-President in structured finance services sales and marketing with JPMorgan Chase Bank. Choudhry is a Visiting Professor at the Department of Economics, London Metropolitan University, and a Senior Research Fellow, ICMA Centre, University of Reading. He is co-editor with Professor Frank Fabozzi of The Handbook of European Fixed Income Securities.

Business leaders can learn from successful private equity players and other top value builders operating in China and the challenges and opportunities that private equity offers in China. •

In depth case studies of successful and failed ventures of private equity firms operating in China.

The challenges faced by private equity firms in terms of setting up the fund, fund raising, deal sourcing, deal execution and monitoring and exit strategies.

An Introduction to Repo Markets 3e - Licensed: Simplified Chinese Yield Curve Analysis - Licensed: Japanese, Simplified Chinese An Introduction to Bond Markets 3e - Licensed: Simplified Chinese

Kwek Ping Yong is the CEO of Inventis Investment Holdings (China) Co Ltd, a leading private equity firm based in China and one of the largest PE firms investing in the greater China region. The firm is also active in special situations and NPL consolidations in China. His investment interests lies in a broad range of industries such as energy, manufacturing, logistics, retail, food and beverage, financial services and banking. Yong's investment strategy and track records are widely recognised and he is invited regularly to major international conferences like the Fortune Global Forum, APEC Summit and Forbes Global CEO Conference. He was received by President Hu Jintao of the People's Republic of China in Beijing during the Fortune Global Forum in May 2005.

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Trend Trading that Works: Proven Techniques Using the Hawkeye Method

Risk Sharing in Finance: The Islamic Finance Alternative

Nigel Hawkes, Kenneth Reid

Zamir Iqbal, Abbas Mirakhor, Hossein Askari, Noureddine Krichene

978-0-470-68630-0 / 0-470-68630-8 256 pp. Pub: 16/03/12 £39.99 Cloth Trading

978-0-470-82966-0 / 0-470-82966-4 256 pp. Pub: 26/09/11 £55.00 Cloth Finance & Investments

Written by two top traders, the book explains how traders and investors can move quickly in changing markets and pick the best market trends.

The recent US finance debacle affected the world and led to major reviews of risk management in financial institutions. Perhaps a simpler alternative is to adopt the systems used for centuries in Islamic finance? The authors make a compelling case for these well-established and effective forms of risk strategies.

Trend Trading That Works is designed for the trader or private investor looking for an effective tool for trading successfully in uncertain markets. The book builds on the long-established and popular trend-trading approach by explaining the author's unique ‘Hawkeye System' and exploring the concept of Active Trend Trading. It explains how to use volume calculations to determine when to enter and exit a trade, and how to spot and profit from both ‘up' and ‘down' trends. As well as detailed guidance on the Active Trend Trading approach, the authors offer advice on trading/investing psychology and Nigel Hawkes outlines his experience as both investor and trader.

This book shows how Islamic finance can be developed as a complete financial system in the world as it is today and why it may also provide a helpful paradigm for crafting global financial reforms. It demonstrates how Islamic finance can successfully expand its menu of risk sharing instruments — by developing a vibrant stock market that also includes government issuance of shares to finance various development projects, with limits on short sale and leveraging, followed by other risk sharing proposals.

Nigel Hawkes has been trading since 1987, becoming a Certified Trading Advisor in 1992. He formerly worked for two major funds based in Chicago, US, and is now an independent trader, founder of Hawkeye Traders and developer of the ‘Hawkeye' system. He is also a frequent speaker at trading shows worldwide. Kenneth Reid has worked at Independent Investor Inc. Santa Fe, US, since 2001, and is Senior Analyst and Editor on the Spear Report (www.spearreport.com), a weekly financial newsletter, as well as Spear's Professional Edition (daily) and Spear's Security Industry Analyst (monthly). He has had articles published on Forbes.com, smartmoney.com and runs a popular website on trading psychology: www.daytradingpsychology.com.

The main unique feature of the book will be an analysis of the comparative historical, theoretical, and empirical investigation of risk-sharing financing in both the conventional and the Islamic-type financial systems. It looks at the benefits and the implications and how wider reliance on risk sharing can be implemented in practice. Dr. Zamir Iqbal is Lead Investment Officer, Quantitative Strategies, Risk and Analytics department, World Bank in Washington. He has published several journal articles on Islamic finance and has presented at international forums. Professor Hossein Askari is Iran Professor of International Business and Professor of International Affairs at George Washington University. Dr. Abbas Mirakhor served as the Executive Director for Afghanistan, Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, and Tunisia on the Executive Board of the IMF until 2008. Noureddine Krichene works as Economist at the IMF. He previously served as Advisor at the Islamic Development Bank in Jeddah. He has written extensively on energy economics, macroeconomic theories and on international trade and finance. Islamic Finance - Licensed: Croatian, Bahasa Indonesian

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Trading in a Nutshell, 4e

FX Trading: A Guide to Trading Foreign Exchange, 2e

Stuart McPhee 978-0-730-37815-0 / 0-730-37915-2 304 pp. Pub: 24/02/11 Investing

Peter Pontikis, Larry Lovrencic, Alex Douglas

Consistent, successful trading requires a sound methodology, solid money management and the right mindset, all captured within a comprehensive trading plan. Trading in a Nutshell will set you on the path to profitable trading.

978-0-730-37652-1 / 0-730-37652-4 304 pp. Pub: 20/01/12 £TBC Paper Investing Foreign exchange trading is the biggest market with trillions changing hands each day. Get your slice of the action with help from FX Trading.

Fully revised and updated, Trading in a Nutshell, 4th edition, is the perfect guide for those starting out in trading, and will also serve as useful revision for more advanced traders. It covers: •

Trading approaches — how to tailor a trading method suitable for you, your trading goals, your tolerance to risk and how to manage your risk.

Financial markets and products — the risks associated with each, and how to trade them.

Time-tested trading rules — the guidelines that underpin the decisions made by all consistently profitable traders.

Technical analysis — including chart analysis and pattern recognition.

Mindset and character attributes — how to develop these to ensure your success.

Entry and exit decisions — timing, maximising profits and cutting losses.

FX is a highly transparent market, is simple to trade, has low costs and can be accessed by anyone prepared to learn it. The market is open 24 hours a day, 5.5 days per week around the world. And more and more traders or novice investors/traders are wanting a piece of the action – with the same trading rules applying globally. FX Trading is a guide to trading forex. Starting with the basics of money management, analysis techniques and the mechanics of trading FX, the book takes readers into more intermediate territory discussing trading strategies and wealth management. With plenty of example, figures, charts and checklists, FX Trading will help readers become not only competent, but successful as well. Peter Pontikis is an alternative investments management specialist with close to three decades of investment and financial markets experience. He is also a director and the immediate past treasurer of the International Federation of Technical Analysts (IFTA). Peter’s previous roles include Head of Trading & Research for an Australian hedge fund and Senior Financial Markets Strategist for Westpac Investment Bank, and until recently he was the Group Treasury Strategist for Suncorp. He has authored several books on foreign exchange and trading in financial markets. Larry Lovrencic is a trader, teacher, author and international speaker. He has more than 20 years experience trading financial markets and more than 10 years experience in teaching Technical Analysis. Alex Douglas is the General Manager of the new subsidiary of InterbankFX in Australia.

The fourth edition now includes expanded material and interviews with market wizards from around the globe. Stuart McPhee is recognised as one of the leading trading coaches in Australia and regularly contributes to a number of daily newsletter services. He has presented at the New York and Los Angeles Traders Expos, at the Australian Securities Exchange, and at the Asia Trader and Investor Convention in Singapore, Kuala Lumpur, Ho Chi Minh City, Shenzhen, Mumbai and Bangkok.

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Futures Made Simple: A Beginner’s Guide to Futures Trading Success

Bulls, Bears & A Croupier: The New Bull Market and How to Profit From It

Kel Butcher

Matthew Kidman

978-0-730-37683-5 / 0-730-37638-4 232 pp. Pub: 24/02/12 £TBC Paper Investing

978-0-730-37755-9 / 0-730-37755-5 320pp. Pub: 21/10/11 £TBC Paper Investing

An essential guide for anyone who wants to make money trading futures without all the fuss.

The new bull market is on its way and Bulls, Bears & A Croupier will help all investors be poised and ready to pounce when it hits!

A further entry level title in the Wrightbooks Made Simple series, Futures Made Simple is an uncomplicated guide to futures for beginners. You don’t need to be a financial wizard and you don’t need to spend all day glued to a computer screen or pay a financial advisor in order to profitably invest in futures. This book outlines some simple, easy to understand strategies anyone can use for futures success. The book will be a succinct paperback with lower price point, and provide the perfect first step into the futures market.

The share market is awash with new opportunities to profit everyday as millions of shares in thousands of companies change hands. Even if half of your decisions go wrong you still have a genuine chance of generating a profit like the pros – it really is the easiest game on earth! Despite all of this the share market has lost its appeal for many people since the onset of the global financial crisis. In Bulls, Bears and A Croupier author Kidman explains why a new bull market, with the potential to increase stock prices tenfold, is just around the corner and why readers need to open their wallets. With more than a decade of experience as a professional fund manager, Kidman deconstructs the share market, explodes the myths and turns traditional thinking on its head to show new and experienced investors alike that the share market can be a lot of fun and you can make a lot of money. You just have to know how!

Chapters will be relatively short and begin with a short intro. Each chapter will contain a number of short tips, a few simple examples where appropriate and finish with a bulleted summary of key points. Kel Butcher is a financial markets trader with over 18 years experience trading equities, futures, options, warrants and CFDs. He is a regular contributor to Your Trading Edge Magazine as the author of the ‘Traders Story’ and ‘Meet Your Broker’ articles. He contributed to Give Your Trading the Edge – the book published in partnership with Your Trading Edge magazine. He has also contributed a number of feature articles to the magazine. Butcher acts as a consultant to a managed fund based in Sydney and to a boutique trading company also in Sydney. He is also a consultant to a share trading software programme. Through his company Trading Wisdom Pty Ltd Kel also acts as a mentor and trading coach to a number of both private and corporate investors. He is a regular speaker at Australian Investors Association meetings, and at meetings of the Australian Technical Analysts Association.

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Matthew Kidman is a former portfolio manager of Wilson Asset Management (International) Pty Ltd and was instrumental in establishing that company's valuation methodology of rating companies. Kidman is also the coauthor of the best-selling Masters of the Market, editions one and two, and Master CEOs, published by Wiley.

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Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School Andrew Hallam 978-0-470-83006-2 / 0-470-83006-9 256 pp. Pub: 19/09/11 £11.99 Paper Personal Finance US schoolteacher Andrew Hallam explains how any middle-earning person can learn the ABCs of personal finance and become a multi-millionaire. Most people wouldn't expect a school teacher to amass a million dollar investment account. But Andrew Hallam did it, long before the typical retirement age. With lively humor and the simple clarity you'd expect from a gifted educator, he demonstrates in Millionaire Teacher, how average people can build wealth in the stock market Using low cost index funds, coupled with a philosophy in line with Warren Buffett's, Hallam guides readers to understand how the stock and bond markets really work, arming readers with a psychological advantage when markets fall. Millionaire Teacher shows how you can spend just 60 minutes a year on your investments, never open a financial paper, and avoid investment news, while leaving most professional investors in the dust. • The author has a tremendous story to tell. As a sensible investor with a no-nonsense, disciplined approach, he instructs the reader on how to build a portfolio worth over a million US dollars. • His profession gives him a platform that most readers can relate to more easily than if he was an investment banker writing a "how-to" finance book. • Readable, humorous, filled analogies, and it's very personal.

with

commonsense

• Credible. The author paid for his own college expenses, never inherited a penny, yet became a debt-free millionaire in his 30s. Andrew Hallam lives in Singapore where he works as an English teacher at Singapore American School, and writes freelance finance articles. Nominated a finalist for two Canadian National Publishing Awards, his writing has appeared in MoneySense Magazine, Reader's Digest, and L'Actualite. He has also been quoted in investment related articles for The Globe and Mail, and in The Wall Street Journal.

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Finance Spring Summer 2012 Rights Guide