Commodities and Commodity Derivatives

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 for investors that includes hedge funds as well as University endowments, and has resulted in a spectacular growth in spot and derivative trading. <p>This book covers hard and soft commodities (energy, agriculture and metals) and analyses:</p> <ul> <li>Economic and geopolitical issues in commodities markets</li> <li>Commodity price and volume risk</li> <li>Stochastic modelling of commodity spot prices and forward curves</li> <li>Real options valuation and hedging of physical assets in the energy industry</li> </ul> <p>It is required reading for energy companies and utilities practitioners, commodity cash and derivatives traders in investment banks, the Agrifood business, Commodity Trading Advisors (CTAs) and Hedge Funds.</p> <p>In <b><i>Commodities and Commodity Derivatives</i></b>, Hélyette Geman shows her powerful command of the subject by combining a rigorous development of its mathematical modelling with a compact institutional presentation of the arcane characteristics of commodities that makes the complex analysis of commodities derivative securities accessible to both the academic and practitioner who wants a deep foundation and a breadth of different market applications. It is destined to be a “must have” on the subject.”<br /> <b>—Robert Merton, Professor, Harvard Business School</b></p> <p>”A marvelously comprehensive book of interest to academics and practitioners alike, by one of the world’s foremost experts in the field.”<br /> <b>—Oldrich Vasicek, founder, KMV</b></p>