Commodity Investing

ISBN-13: 9780470223109 / Angielski / Twarda / 2008 / 304 str.

Sarah Mullholland; John Eckstein; Jess Gaspar

Opis

Straightforward and accessible, Commodity Investing balances academic-quality analysis with clear, compelling prose, and provides those interested in this fast-growing field with unparalleled investment insights. Page by page, you'll acquire a deeper understanding of this discipline and discover how to make more informed decisions when investing in such a dynamic environment. With this book as your guide, you'll benefit from the lessons of experienced practitioners and quickly come to grips with what it takes to make it in today's commodity market.

Spis treści

Basics.

Chapter 1. Introduction.

Chapter 2. Commodity Futures as Investments.

Chapter 3. Commodities for the Long Run.

Understanding Energy.

Chapter 4. Oil.

Chapter 5. Gasoline.

Chapter 6. Heating Oil.

Chapter 7. Natural gas.

Understanding Grains And Oilseeds

Chapter 8. Wheat.

Chapter 9. Corn.

Chapter 10. Soybeans.

Understanding Livestock.

Chapter 11. Cattle.

Chapter 12. Hogs.

Understanding Industrial Metals.

Chapter 13. Copper.

Chapter 14. Aluminum.

Chapter 15. Zinc.

Understanding The Softs.

Chapter 16. Coffee.

Chapter 17. Sugar.

Chapter 18. Cocoa.

Chapter 19. Cotton.

How To Invest.

Chapter 20. Some Building Blocks of a Commodity Futures Trading System.

Chapter 21. The Rise of the Indexes.

Chapter 22. Conclusion.

Appendix. The London Metals Exchange.

Notes.

References.

Index.

O autorze

ADAM DUNSBY is a principal at Cornerstone Quantitative Investment Group. He received both his undergraduate degree and PhD in finance from the Wharton School of the University of Pennsylvania.

JOHN ECKSTEIN is a principal at Cornerstone Quantitative Investment Group. He earned a BS from Brown University, where he studied computer science and cognitive science. Mr. Eckstein developed investment application software for money management firms prior to his current position.

JESS GASPAR is the Director of Research at Cornerstone Quantitative Investment Group. He earned his undergraduate degree from MIT and his PhD in economics from Stanford. After receiving his PhD, Mr. Gaspar was an assistant professor at the University of Chicago, where he did research and taught international economics and computational methods in economics and finance. Mr. Gaspar worked at McKinsey & Co. as a consultant before joining Cornerstone.

SARAH MULHOLLAND is the head trader at Cornerstone Quantitative Investment Group. She earned a BS in economics from the Wharton School of the University of Pennsylvania. Prior to joining Cornerstone, she traded energy derivatives for Enron North America and PSE&G.

Blurb

While commodities have been around for a long time, investors are just starting to realize their potential. But in order to achieve success in tomorrow′s commodities market, you need skills and knowledge that are in short supply today.

That′s why Adam Dunsby and his colleagues at Cornerstone Quantitative Investment Group (CQIG) a leading commodity trading advisor have created Commodity Investing. Rooted in theory, but proven in practice, this detailed guide will give you the tools you need to succeed in this challenging market.

Opening with a clear assessment of past commodity performance, this reliable resource puts commodity futures investing in perspective and prepares you for what should be expected along the way. With this information in hand, you′ll be introduced to the commodities themselves and discover the state of their industries as well as their long–term outlook. Along with these big picture issues, you′ll also become familiar with the nuts and bolts of numerous commodities from oil, corn, and cattle to copper, coffee, and cotton and learn how to effectively integrate them into your portfolio.

Based on the hard–won experiences of authors Adam Dunsby, John Eckstein, Jess Gaspar, and Sarah Mulholland, Commodity Investing explains the various components that may prove useful in either constructing an investment strategy or in evaluating a commodity–based investment strategy. It also provides important insights on trend following strategies, anchor variables, the shape of the futures curve, and risk control methodologies such as value–at–risk and maximum drawdown. Page by page, you′ll acquire a deeper understanding of this discipline, which will allow you to analyze specific commodities and strategies according to their individual characteristics and make more informed decisions when investing in this arena.

Straightforward and accessible, Commodity Investing balances academic–quality analysis with clear, compelling prose, and provides those interested in this fast–growing field with unparalleled investment insights. With this book as your guide, you′ll benefit from the lessons of experienced practitioners and quickly come to grips with what it takes to make it in today′s commodity market