The Principles of Alternative Investments Management A Study of the

The purpose of this book is to present the principles of alternative investments in management. The individual chapters provide a detailed analysis of various classes of alternative investments on the financial market. Despite many different definitions o

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The Principles of Alternative Investments Management A Study of the Global Market

The Principles of Alternative Investments Management

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Ewelina Sokołowska

The Principles of Alternative Investments Management A Study of the Global Market

Ewelina Sokołowska Department of Corporate Finance Faculty of Management University of Gdansk Sopot, Poland

ISBN 978-3-319-13214-3 ISBN 978-3-319-13215-0 DOI 10.1007/978-3-319-13215-0

(eBook)

Library of Congress Control Number: 2015943397 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)

Preface

“A theory should be made as simple as possible, but not simpler.” Albert Einstein

The beginning of the twenty-first century was characterized by a rapid increase in the value of the assets being managed as alternative investments. The process of further development of the market continued, despite growing concerns regarding the lack of its transparency and despite a potentially negative impact of selected alternative investments on stability of the financial system. The concept of alternative investments on contemporary international financial market emerged relatively recently, that is, at the beginning of the twenty-first century. Currently, the subject is attracting more attention due to the magnitude of the capital involved in this sector as well as due to the impact of those investments on functioning of the international financial market. Enrichment of selected social groups and growing involvement of institutional investors in this sector imply development of individual categories of alternative investments and affects the increase in the number of transactions. This work is a comprehensive study on the subject of alternative investments on the financial market. The main p