Global Convertible Investing: The Gabelli Way

"Global Convertible Investing" ist eine verstndlich geschriebene Einfhrung zum Thema wandelbare Wertpapiere. Das Buch eignet sich sowohl fr Anfnger als auch fr fortgeschrittene Leser. Es behandelt die Grundlagen wandelbarer Wertpapiere, ihre Preisbildung, Bewertung und Arbitrage sowie spezielle Aspekte dieses Marktbereiches. Autor Hartswell Woodson erklrt hier Schritt fr Schritt, was wandelbare Wertpapiere sind, wie man sie bewertet, wie man diejenigen mit Gewinnpotential erkennt und wann man sich absichern sollte. Diskutiert werden u.a. bewhrte Anstze und einzigartige Bewertungsmethoden der Gabelli Asset Management - einem fhrenden Unternehmen der Branche - sowie speziell von Gabelli entwickelte Methoden zur Optionstheorie und zu Hedgingtechniken, die dem Handel mit wandelbaren Wertpapieren eine neue Dimension verleihen. HART WOODSON is the Managing Director of Gabelli Asset Management (UK) Ltd. He joined Gabelli (New York) in 1993 as a Senior Vice President and Portfolio Manager. Before joining Gabelli, he worked in Amsterdam, the Netherlands, for ABN AMRO Bank where he was responsible for new issue activities concerning convertible bonds, preferred shares, and warrants in all currencies. Prior to that he worked in New York for AMRO Bank in the Capital Markets Group and as a Credit Analyst for Meridien International Bank. Mr. Woodson graduated from Trinity College, Hartford, with honors in history and international relations. He received his master's degree in international affairs from Columbia University, New York, where he was elected an International Fellow. List of Figures List of Tables Introduction Preface Acknowledgments PART ONE: THE CONVERTIBLE BASICS Chapter 1: Anatomy of a Convertible Chapter 2: Convertible Structures: Let Me Count the Ways Chapter 3: Understanding the Prospectus: Caveat Emptor Chapter 4: Global Convertible Markets Chapter 5: Benchmarks and Performance: Global and Domestic Indices Chapter 6: Convertible Valuation: A Cultural Overview PART TWO: CONVERTIBLE PRICING AND VALUATION Chapter 7: Option Pricing Theory Chapter 8: Using the Black-Scholes Model to Price a Convertible Bond Chapter 9: Sensitivity Analysis: The Greeks Chapter 10: Convertible Bond Pricing: Binomial Trees Chapter 11: Convertible Bond Pricing: Put plus Stock plus Yield Advantage PART THREE: CONVERTIBLE HEDGING Chapter 12: Convertible Arbitrage Chapter 13: Hedging with Options Chapter 14: Hedging Interest Rate and Default Risk Chapter 15: Hedging Currency Risk PART FOUR: SPECIAL TOPICS Chapter 16: Mandatory Convertible Securities Chapter 17: Busted Convertibles: Market Overview Chapter 18: Investing in Busted Convertibles Chapter 19: The Investment Decision Epilogue Appendix 1: MCS Name Variations Appendix 2: Useful Internet Sites Glossary of Notation Glossary of Terms Bibliography Index