Alternative Investments: An Overview

H. Kent Baker, Greg Filbeck

Research output: Chapter in Book/Report/Conference proceedingChapter

3 Citations (Scopus)

Abstract

Alternative investments are defined as asset classes that fall outside of traditional investments, such as stocks, bonds, and cash. Real estate, private equity, commodities, managed futures, hedge funds, and distressed securities are all examples of alternative investments. Although the characteristics of each of these assets differ from the others, all tend to share the ability to offer diversification for a traditional portfolio through enhanced returns, reduced risk, and/or improved risk-adjusted performance. Yet, because of relative illiquidity, complexity, or minimum investment requirements, alternatives are often unsuitable or are beyond the reach of some investors. This chapter offers an overview to alternative investments and to the remaining 27 chapters. These chapters provide theoretical and empirical evidence about the usefulness of these assets in the portfolio management process.

Original languageEnglish (US)
Title of host publicationAlternative Investments
Subtitle of host publicationInstruments, Performance, Benchmarks, and Strategies
PublisherJohn Wiley and Sons
Pages1-17
Number of pages17
ISBN (Print)9781118241127
DOIs
StatePublished - Apr 2 2013

Fingerprint

Alternative investments
Assets
Portfolio management
Management process
Risk-adjusted performance
Usefulness
Cash
Commodities
Investors
Illiquidity
Hedge funds
Real estate
Diversification
Private equity
Empirical evidence

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

Cite this

Baker, H. K., & Filbeck, G. (2013). Alternative Investments: An Overview. In Alternative Investments: Instruments, Performance, Benchmarks, and Strategies (pp. 1-17). John Wiley and Sons. https://doi.org/10.1002/9781118656501.ch1
Baker, H. Kent ; Filbeck, Greg. / Alternative Investments : An Overview. Alternative Investments: Instruments, Performance, Benchmarks, and Strategies. John Wiley and Sons, 2013. pp. 1-17
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Baker, HK & Filbeck, G 2013, Alternative Investments: An Overview. in Alternative Investments: Instruments, Performance, Benchmarks, and Strategies. John Wiley and Sons, pp. 1-17. https://doi.org/10.1002/9781118656501.ch1

Alternative Investments : An Overview. / Baker, H. Kent; Filbeck, Greg.

Alternative Investments: Instruments, Performance, Benchmarks, and Strategies. John Wiley and Sons, 2013. p. 1-17.

Research output: Chapter in Book/Report/Conference proceedingChapter

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Baker HK, Filbeck G. Alternative Investments: An Overview. In Alternative Investments: Instruments, Performance, Benchmarks, and Strategies. John Wiley and Sons. 2013. p. 1-17 https://doi.org/10.1002/9781118656501.ch1