{"product_id":"9781118449998","title":"The Handbook of Hybrid Securities Convertible Bonds, CoCo Bonds, and Bail-In","description":"\u003ch3\u003eThe Wiley Finance Series\u003c\/h3\u003e\u003ch1\u003eThe Handbook of Hybrid Securities\u003c\/h1\u003e\u003ch2\u003eConvertible Bonds, CoCo Bonds, and Bail-In\u003c\/h2\u003e\u003ch3\u003eJan De Spiegeleer | Wim Schoutens | Cynthia Van Hulle\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Finance \/ General\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cb\u003eIntroducing a revolutionary new quantitative approach to hybrid securities valuation and risk management\u003c\/b\u003e  \u003cp\u003eTo an equity trader they are shares. For the trader at the fixed income desk, they are bonds (after all, they pay coupons, so what's the problem?). They are hybrid securities. Neither equity nor debt, they possess characteristics of both, and carry unique risks that cannot be ignored, but are often woefully misunderstood. The first and only book of its kind, \u003ci\u003eThe Handbook of Hybrid Securities\u003c\/i\u003e dispels the many myths and misconceptions about hybrid securities and arms you with a quantitative, practical approach to dealing with them from a valuation and risk management point of view.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDescribes a unique, quantitative approach to hybrid valuation and risk management that uses new structural and multi-factor models\u003c\/li\u003e \u003cli\u003eProvides strategies for the full range of hybrid asset classes, including convertible bonds, preferreds, trust preferreds, contingent convertibles, bonds labeled \"additional Tier 1,\" and more\u003c\/li\u003e \u003cli\u003eOffers an expert review of current regulatory climate regarding hybrids, globally, and explores likely political developments and their potential impact on the hybrid market\u003c\/li\u003e \u003cli\u003eThe most up-to-date, in-depth book on the subject, this is a valuable working resource for traders, analysts and risk managers, and a indispensable reference for regulators\u003c\/li\u003e \u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e  \u003cp\u003e\u003cb\u003eJan De Spiegeleer\u003c\/b\u003e (Geneva, Switzerland) is head of risk management at Jabre Capital Partners, a Geneva-based hedge fund. He earned an extensive knowledge of derivatives pricing, hedging and trading while working for KBC Financial Products in London, where he was managing director of the equity derivatives desk. He also ran his own market neutral statistical arbitrage hedge fund (EQM Europe) after founding Erasmus capital in 2004. Prior to this financial career, Jan served ten years in the Belgian Army as an Officer. With Wim Schoutens he co-authored the \u003ci\u003eHandbook of Convertible Bonds\u003c\/i\u003e published by Wiley.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCynthia Van Hulle\u003c\/b\u003e (Leuven, Belgium) is a full professor of Finance at the Department of Accounting, Finance and Insurance of the Faculty of Economics and Business at the Catholic University of Leuven. Over the last 20 years she has acquired extensive practical experience through her board memberships in the financial sector and organization of in-company training programs. She has published considerably in scientific journals a.o. \u003ci\u003eJournal of Banking and Finance\u003c\/i\u003e, \u003ci\u003eJournal of Finance\u003c\/i\u003e, \u003ci\u003eJournal of Corporate Finance\u003c\/i\u003e, \u003ci\u003eEuropean Financial Management\u003c\/i\u003e, \u003ci\u003eJournal of Business Research\u003c\/i\u003e, \u003ci\u003eJournal of Business, Finance and Accounting\u003c\/i\u003e, \u003ci\u003eSmall Business Economics\u003c\/i\u003e. She also held the Francqui-chair and is co-author of several books in corporate finance.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eWim Schoutens\u003c\/b\u003e (Leuven, Belgium) is a research professor in financial engineering at the Department of Mathematics at the Catholic University of Leuven, Belgium. He has extensive practical experience of model implementation and is well known for his consulting work to the banking industry and other institutions. In particular, he is an independent expert advisor to the European Commission (DG-COMP) on impaired assets and asset relief measures and has assessed in that position more than EUR 1 trillion of assets; in particular he was one of the main expert advisors for the stress test on the Spanish banks and the related bailouts. Wim is also the author of several books including \u003ci\u003eContingent Convertibles (CoCos): Structure and Pricing\u003c\/i\u003e, the first book ever on Contingent Capital and CoCo bonds (written together with Jan De Spiegeleer). He is Managing Editor of the International Journal of Theoretical and Applied Finance and Associate Editor of Mathematical Finance, Quantitative Finance and Review of Derivatives Research. Finally, he is member of the Belgium CPI commission and independent director of the Board of Assénagon Asset Management S.A.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e27 May 2014\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781118449998\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e416\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e30.4\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44384610844812,"sku":"9781118449998","price":92.7,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781118449998_f197d0bc-4385-478c-9592-94a1d12b4d00.jpg?v=1780181941","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781118449998","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}