Publishing in December 2010

"Fixed Income, Equity, FX and Derivatives: Portfolio Representations"
Jem Tugwell's step-by-step guide to representing value, exposure and risk, published by Harriman House, one of the UK's leading independent publishers of finance, trading and investment books

Overview
The credit crunch has provided all too tangible and universal evidence of the lack of genuine knowledge within the asset management community about portfolio structures and the embedded risks within them. There is a clear need for a change of practice, including the essential component of separating value from exposure, allowing a complete 'look-through' to the real risks contained in derivatives and pooled/structured products. It is also imperative that these measures and the understanding derived from them is applied to the total portfolio, as opposed to just particular asset classes or sections of the portfolios. Jem Tugwell's book will provide a real-world assessment of the pitfalls adopted by traditional asset management practice, and show how to overcome and address these in the future.

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

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