Alternative Investments in Wealth Management: A by Ewelina Sokolowska

By Ewelina Sokolowska

This monograph offers a finished resource of study and examine on substitute investments within the wealth administration method, with a distinct specialise in Poland and japanese Europe. It provides the features that distinguish substitute investments from conventional investments and illustrates the advantages and hazards thinking about the previous. The adventure won in built nations is intensely precious for the research of either the Polish and japanese ecu monetary markets. within the theoretical a part of the e-book, key facets of different investments are amassed, systematized and constructed; therefore, within the empirical half the result of chosen reports at the substitute funding area all over the world are tested. finally, the book’s findings are utilized to the context of other monetary investments in Poland, investigating the personal tastes for replacement investments within the nation, that is the biggest industry in primary and japanese Europe. not just of theoretical curiosity, those insights have a excessive program worth, making the ebook a necessary source for students, practitioners and policymakers alike.

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Empirical studies of financial innovation: Lots of talk, little action? Journal of Economic Literature, 42(1), 116–144. Frame, W. , & White, L. J. (2009). Technological change, financial innovation, and diffusion in banking. Financial Innovation, and Diffusion in Banking (July 15, 2009). , & Munch, M. (1996). New financial services. Warsaw: PWN. Goetzmann, W. , & Rouwenhorst, K. G. ). (2005). The origins of value: The financial innovations that created modern capital markets. Oxford: Oxford University Press.

The use of leverage is particularly associated with derivative instruments which are used within a variety of investment strategies. In the case of traditional investments, leverage is not used or is used at most to a very limited extent. Achieved return from traditional investments results from the increase in prices of instruments in the future. In the case of alternative investments, investors can make a profit even during price declines. This is primarily because of the possibilities offered by derivatives.

The New World Alternative Investments institution (2009) divided alternative investments into hard investments, such as hedge funds, private equity funds, funds of funds and structured products, and soft investments – in real estate, art, people, equity schemes, franchises, etc. Alternative investments are often understood through the prism of the applicable investment strategies that provide a wide range of opportunities to shape the profile of risk and return. 1 Comparison of conditions of doing business in onshore and offshore locations Onshore location Offshore location Obligation to keep accounts No obligation to keep accounts in most of these locations No obligation to prepare interim financial statements No taxes or liberal rules for the taxation of entities Anonymity and discretion on the part of public offices Beneficial interest rate rules for assets Obligation to prepare interim financial statements Taxing entities in accordance with the regulations in force in the country Lack of anonymity of operating entities Interest rate rules for assets depend on economic conditions of the country Restrictions on obtaining citizenship in most countries Relatively liberal rules for obtaining citizenship or permanent residence permit – combination of traditional financial instruments with derivatives (usually structured products), – the use of complex investment strategies that use short selling, leverage and many other previously unavailable combinations of investing techniques and styles, – the use of mechanical trading systems.

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