Title: Saving Social Security: A Balanced Approach / Edition 1
Author: Peter A. Diamond, Peter R. Orszag
ISBN-10: 0815718373
ISBN-13: 9780815718376
Convertible securities have long been a favorite of institutional investors. Global Convertible Investing: The Gabelli Way seeks to introduce the numerous advantages of convertibles to the broader investment community, even as it provides experienced convertible investors with the proven approaches and unique valuation methods of leading convertible investment firm Gabelli Asset Management. Accessible enough to be read and understood by sophisticated independent investors, yet sufficiently detailed to provide even the most demanding professional with step-by-step methods for identifying and trading high-potential issues, this comprehensive and cohesive treatment covers: • Key issues to look for when reviewing a prospectus, from unfavorable call provisions to absence of sufficient default protection • Main characteristics of major domestic and global convertible indices • Pricing and price behavior of convertible securities, including Greeks, Black-Scholes, binomial trees, and more • The dynamics of hedge arbitrage, and cogent arguments on how individual and institutional investors can effectively use leverage • Techniques of using a short position to hedge a convertible, along with common risks for arbitrageurs to be aware of • Innovative strategies-along with relative advantages and disadvantages-of hedging with options • Mandatory Convertible Securities-The advantages and drawbacks of this fast-growing market segment • Market-tested methods for taking advantage of the unique upside opportunities in “busted” convertibles Long the domain of professional investors, convertibles are finally gaining their rightful place in the portfolios of independent investors around the world. But regardless of their experience levels, investors can find it difficult to effectively compete with the longtime convertible market leaders in today’s environment of unpredictable global pressures and unforeseen whipsaw price reversals. Global Convertible Investing: The Gabelli Way raises coverage of convertible securities to a new level. By showing all investors how to build a solid foundation for effective convertible investing, this comprehensive guide develops the knowledge, skills, and confidence you need to uncover and take advantage of today’s most profitable “convert” opportunities in both U.S. and overseas markets.
