Intelligent Commodity Investing: New Strategies and Practical Insights for Informed Decision Making

Intelligent Commodity Investing: New Strategies and Practical Insights for Informed Decision Making

By: Joseph Eagleey (editor), Hilary Till (editor)Hardback

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This is the only multi-contributor book on commodity investment offering a breadth of opinions for sophisticated investors. It looks at commodity investment from the following perspectives: the investor, the active manager, the commodity index provider, the risk manager, and the researcher. In response to the rapid growth in the market, this timely publication will bring you up to speed on the trends and challenges of commodity investment, providing you with a practical investment framework. It is a recommended reading for hedge fund managers, pension fund consultants, mutual fund portfolio managers, endowment chief investment officers, futures traders, family office investors, commodity trading advisers, brokers, dealers and MBA students researching this important subject.

About Author

Hilary Till is a co-founder of Premia Capital Management, LLC. She is also a principal of Premia Risk Consultancy, Inc., which advises investment firms on derivatives strategies and risk management policy. In addition, Hilary is an Advisory Board member of the Tellus Natural Resources Fund, a fund of hedge funds; and is a Research Associate at the EDHEC Risk and Asset Management Research Centre. Before co-founding Premia Capital, she was the Chief of Derivatives Strategies at Putnam Investments and prior to this position was a quantitative analyst at Harvard Management Company. She has a B.A. with General Honors in Statistics from the University of Chicago and an M.Sc. degree in Statistics from the London School of Economics (LSE). She studied at the LSE under a private fellowship administered by the Fulbright Commission. Joseph Eagleeye is a co-founder of Premia Capital Management, LLC. Premia Capital uses statistical techniques to identify pockets of predictability in the commodity futures markets; risk management is a key part of the firm's investment process. Before co-founding Premia Capital, Joseph was a senior derivatives strategist at Putnam Investments. While at Putnam, he researched, back-tested and implemented systematic, relative-value derivatives strategies, which spanned the bond and commodity markets, as well as co-managing Putnam's institutional commodity programme. Prior to joining Putnam Investments, Joseph developed trading applications for Morgan Stanley's Equity Division and proprietary computer models for an urban economics consulting firm. He has also advised investment firms on hedging strategies, benchmark construction, index-replication strategies, and risk management. He holds a Bachelor of Science degree in applied mathematics from Yale University and an MBA from the University of California at Berkeley


Foreword Robert Greer, PIMCO Introduction Hilary Till and Joseph Eagleeye, Premia Capital Management, LLC I. Overview 1 Commodities: Trends, Cycles and Investment Implications Sean Corrigan and Stephan Wrobel, Diapason Commodities Management S.A. II. Research Perspective 2 Introduction to A Long-Term Perspective on Commodity Futures Returns Hilary Till, Premia Capital Management, LLC and EDHEC Risk and Asset Management Research Centre 3 Part I of A Long-Term Perspective on Commodity Futures Returns: Review of the Historical Literature Hilary Till, Premia Capital Management, LLC and EDHEC Risk and Asset Management Research Centre 4. Part II of A Long-Term Perspective on Commodity Futures Returns: Term Structure as the Primary Driver of Returns Hilary Till, Premia Capital Management, LLC and EDHEC Risk and Asset Management Research Centre 5 Predictability in Commodity Futures Markets Frans de Roon, Tilburg University 6 Commodities and Strategic Asset Allocation Thomas Idzorek, Ibbotson Associates 7 An Evaluation of the Commodity Exposure in Commodity Trading Advisors Bhaswar Gupta, CISDM and Kathryn Wilkens, CAIA III. Index-Provider Perspective 8 Commodity Index Fundamentals Daniel Raab, AIG Financial Products 9 Structural Shifts in Commodity Index Investing Michael Lewis, Deutsche Bank 10 The Long and Short of Commodity Futures Index Investing Jodie Gunzberg and Paul Kaplan, Morningstar IV. Active-Manager Perspective 11 Enhanced Commodity Indexing Michael Magers, Barclays Global Investors 12 Commodity Returns: Implications for Active Management Kenneth J. Armstead and Ram Venkatraman, Absolute Plus Management, LLC 13 Relative-Value Trading Opportunities in Energy and Agriculture Ashmead Pringle and Tom Fernandes, GreenHaven LLC 14 Collision: Investing for the New World Commodity Order Colin Waugh, Galtere International Fund V. Investor Perspective 15 Alpha, Beta, and Commodities: Can A Commodities Investment Be Both A High Risk-Adjusted Return Source and a Portfolio Hedge? Rian Akey, Cole Asset Management 16 Dynamic Commodity Timing Strategies Evert Vrugt, Rob Bauer, Roderick Molenaar, and Tom Steenkamp, ABP Investments 17 Conducting Investment Due Diligence on Active Natural-Resource Managers John E. Dunn III, UBK Alternative Investments VI. Risk Management Perspective 18 Risk Management Best Practices for Investments in Energy and Commodity Markets Carlos Blanco and Jose Ramon Aragones, Black Swan Risk Advisors, LLC 19 Benchmark-Relative Risk in Active Commodities Portfolios: Incorporating Fat Tails and Downside Risk Mark Hooker, State Street Global Advisors 20 Risk Management, Strategy Development, and Portfolio Construction Joseph Eagleeye, Premia Capital Management VII. New Market Developments 21 The Move to Electronic Trading: What to Expect in the Natural-Resources Commodity Markets George T. Dowd III, Spectrum Asset Management, LLC 22 The Evolution of Commodity Structured Products: From the Gold Market to Collateralized Commodity Obligations Matthew Schwab, AIG Financial Products 23 Trading Carbon in Europe Paul Cameron and Jeremy Wilcox, Intelligent Carbon 24 Chinese Commodity Markets: History, Development, and Prospects Nick Ronalds, UBS and Wang Xueqin, Zhengzhou Commodity Exchange

Product Details

  • ISBN13: 9781904339632
  • Format: Hardback
  • Number Of Pages: 631
  • ID: 9781904339632
  • ISBN10: 1904339638

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  • 1st Class Delivery: Yes
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