Hybrid Products

Exploring the wide and innovative world of hybrid products, this up-to-date examination breaks down the traditional barriers and notions to aid the design, pricing and understanding of these tailored products.

• Covers the spectrum of hybrid investments, from equity-linked notes to volatility products and structured hedge fund investments
• Illustrates the applications of such products and possible investment strategies under specific market conditions and/or investor objectives
• Merges theory and practice into an understandable whole with the inclusion of case studies and practical examples that can be utilised into your work
• Provides both background and advanced reading on the concepts and products as the underpinning mathematics
• Enables the reader to understand the esoteric nature of volatility and the trading of realised and implied volatility, illustrated through a variety of products - including OTC variance swaps, options on realised variance and the listed VIX
• Presents analysis of credit default swaps and equity default swap correlation and associated products
• Addresses the challenges hybrid products pose to the risk management and information technology systems of an organisation that is structuring, hedging or investing in such products
• Topics include position reporting and analysis, position valuation and understanding how changes occur with constantly evolving market conditions
• Alexander Batchvarov is an investment banker who has been at the forefront of innovation in this field over recent years and has assembled a team of equally well-qualified contributors