Understanding Alternative Investments (eBook)

Stephen Todd Walker is presently a Managing Director at Oppenheimer and Co., Inc. Mr. Walker works with many CEOs of large publicly traded companies as well as entrepreneurs from privately held growth companies. His clients include Forbes 400 members as well as some of the most affluent families around the world. He was named to The Philadelphia Business Journal's 'Forty Under 40,' which honors the top young entrepreneurs in the Philadelphia area. On February 9, 2009, Mr. Walker was named by Barron's as one of 'The Top 1,000 Advisers' in the United States and was also named as one of the top 25 'Wealth Advisers' in The Philadelphia Business Journal 2009 Book of Lists.

Cover 1
Title 4
Copyright 5
Contents 12
List of Illustrations 14
INTRODUCTION That Was Then, This Is Now 20
CHAPTER 1 Does the Universe Move in Waves? 41
CHAPTER 2 Not All Financial Advisors Are Created Equal 61
CHAPTER 3 Access to Alternative Investments and Competitive Advantages 69
CHAPTER 4 The Changing Financial Landscape 82
CHAPTER 5 I Hate To Say It, But I Told You So 96
CHAPTER 6 The “Smart Money” Is Global 110
CHAPTER 7 Hedge Funds: Evil or Angels in Disguise? 129
CHAPTER 8 The Fools’ Gold or the Real Deal? 162
CHAPTER 9 Venture Capital 173
CHAPTER 10 Asset Allocation and Alternative Investments 215
CHAPTER 11 Modern Portfolio Allocation 237
CHAPTER 12 Devising Portfolios with Alternative Investments (Active vs. Passive) 258
CHAPTER 13 The Asset Allocation Process and Sample Portfolios 277
Notes 292
Index 318