The last few years have been a watershed for the commodities, cash and derivatives industry. New regulations and products have led to an explosion in the commodities markets, creating a new asset class for investors that includes hedge funds as well as university endowments, and has resulted in substantial growth in spot derivative trading. This book covers hard and soft commodities (energy, agriculture and metals) and analyses on one hand the economic and geopolitical issues in commodities markets and on the other hand financial risk, stochastic modeling of spot prices and forward curves, and real options valuation and hedging. It is required reading for energy companies and utilities practitioners, Commodity cash and derivatives traders in investment banks, the agrifood business, Commodity Trading Advisors and Hedge Funds.
Book Details:
- Author: Helyette Geman
- ISBN: 9780470012185
- Year Published: 2005
- Pages: 416
- BISAC: BUS014000, BUSINESS & ECONOMICS/Investments & Securities / Commodities
About the Book and Topic:
The last few years have been a watershed for the commodities, cash and derivatives industry. New regulations and products have led to an explosion in the commodities markets, creating a new asset class for investors that includes hedge funds as well as university endowments, and has resulted in substantial growth in spot derivative trading. This book covers hard and soft commodities (energy, agriculture and metals) and analyses on one hand the economic and geopolitical issues in commodities markets and on the other hand financial risk, stochastic modeling of spot prices and forward curves, and real options valuation and hedging. It is required reading for energy companies and utilities practitioners, Commodity cash and derivatives traders in investment banks, the agrifood business, Commodity Trading Advisors and Hedge Funds.
· Helyette Geman is a big name in derivative theory (the Wilmott forum lists her as being in the top 15). · This is the first non-edited book by Geman there will be a lot of interest in this · Includes many real life examples
About the Author
Helyette Geman (Paris, France) is a professor of Finance at the University Paris Dauphine and ESSEC Graduate Business School. She is a graduate of the Ecole Normale Superieure in mathematics, holds a Masters degree in theoretical physics and a PhD in mathematics from the University VI Pierre et Marie Curie and a PhD in Finance from the University Pantheon Sorbonne. Professor Geman has been a scientific advisor to a number of major energy companies for the last decade, covering the spectrum of oil, natural gas and electricity as well as agricultural commodities origination and trading. She was previously the head of Research and Development at Caisse des Depots. She has published more than 40 papers in major finance journals including the Journal of Finance, Mathematical Finance, Journal of Financial Economics, Journal of Banking and Finance and Journal of Business. She has also written a book entitled Insurance and Weather Derivatives. Professor Gemans research includes asset price modeling using jump-diffusions and Levy processes, commodity forward curve modeling and exotic option pricing for which she won first prize at the Merrill Lynch Awards.