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Leveraged Financial Markets: A Comprehensive Guide to Loans, Bonds, and Other High-Yield Instruments
Contributor(s): Maxwell, William (Author), Shenkman, Mark (Author)
ISBN: 0071746684     ISBN-13: 9780071746687
Publisher: McGraw-Hill Companies
OUR PRICE:   $98.80  
Product Type: Hardcover - Other Formats
Published: July 2010
Qty:
Additional Information
BISAC Categories:
- Business & Economics | Finance - General
- Business & Economics | Corporate Finance - General
- Business & Economics | Investments & Securities - General
Dewey: 332.632
Series: McGraw-Hill Financial Education
Physical Information: 1.36" H x 6.46" W x 9.24" (1.64 lbs) 416 pages
 
Descriptions, Reviews, Etc.
Publisher Description:
Public companies acquire most of their outside capital from debt fi nancing and, more specifi cally, leveraged finance--an asset class that falls somewhere between traditional fixed income and stocks. While this type of debt fi nancing carries significant risk to both investors and companies, the potential returns make leveraged finance a cornerstone of the modern financial markets.

Leveraged Financial Markets is a gathering of the most astute and informed minds in the business. The powerhouse editorial team of William F. Maxwell and Mark R. Shenkman have handselected contributions from the top practitioners and thinkers working in leveraged finance today.

The result is an authoritative guidebook that provides you with what you need to navigate the highyield market in the integrated global economy. Packed with a wealth of analytical models illustrating the realities of distress probabilities and losses in default, Leveraged Financial Markets gives you all the insight and strategies you need to:

  • Use the Sharpe ratio to measure the return versus risk for high-yield debt
  • Develop and oversee a portfolio of high-yield bonds
  • Value individual high-yield issuances

It also updates you on changes in the high-yield bond market and features in-depth coverage of numerous debt vehicles leveraged in the market today, including collateralized debt obligations (CDOs), credit derivative swaps (CDSs), collateralized loan obligations (CLOs), and leveraged loans.

Leveraged Financial Markets is your blueprint to becoming a virtuoso of this resilient and popular asset class


Contributor Bio(s): Maxwell, William: - WILLIAM F. MAXWELL is a professor of fi nance. He holds the Rauscher Chair of Financial Investments at the Cox School of Business, Southern Methodist University, and he has held professorships at the University of Arizona, Texas Tech, and Georgetown. Maxwell is the author of numerous articles for academic journals and is the coauthor of High-Yield Bonds. He lives in Dallas, Texas.

MARK R. SHENKMAN is President and Chief Investment Offi cer of Shenkman Capital Management, Inc., one of the world's largest high-yield money management firms. Shenkman has held major high-yield bond positions since 1977 at First Investors Asset Management, Lehman Brothers, and Fidelity Management and Research. He is also the coauthor of High-Yield Bonds. Shenkman lives in Greenwich, Connecticut.Shenkman, Mark: - McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide