When Markets Collide - Investment Strategies for The Age of Global Economic Change

When Markets Collide, Investment Strategies for the Age of GlobalEconomic Change--------------------------------------------------Shortlisted for the FT/Goldman Sachs Book of the Year Award 2008 ONEOF THE SMARTEST INVESTORS ON THE PLANET. MONEY MAGAZINE This bookis an essential read for those who wish to understand the modern worldof investing. Alan Greenspan When Markets Collide is a timely alertto the fundamental changes taking place in today's global economicand financial systems and a call to action for investors who may fallvictim to misinterpreting important signals. While some have tendedto view asset class mispricings as mere noise, this compelling bookshows why they are important signals of opportunities and risks thatwill shape the market for years to come. One of today's most respectednames in finance, Mohamed El-Erian puts recent events in their propercontext, giving you the tools that can help you interpret the markets,benefit from global economic change, and navigate the risks. The worldeconomy is in the midst of a series of hand-offs. Global growth isnow being heavily influenced by nations that previously had littleor no systemic influence. Former debtor nations are building unforeseenwealth and, thus, enjoying unprecedented influence and facing unusualchallenges. And new derivative products have changed the behaviorof many market segments and players. Yet, despite all these changes,the system's infrastructure is yet to be upgraded to reflect the realitiesof today's and tomorrow's world. El-Erian investigates the underlyingdrivers of global change to shed light on how you should: Think aboutthe new opportunities and risks Construct an appropriately diversifiedand internationalized portfolio Protect your portfolio against newsources of systemic risk Best think about the impact of central banksand financial policies around the world Offering up predictions offuture developments, El-Erian directs his focus to help you capitalizeon the new financial landscape, while limiting exposure to new riskconfigurations. When Markets Collide is a unique collection of booksfor investors and policy makers around the world. In addition to providinga thorough analysis and clear perspective of recent events, it laysdown a detailed map for navigating your way through an otherwise perplexingnew economic landscape.--------------------------------------------------Author Biography: Mohammed A. El-Erian is CEO of PIMCO, one of thelargest investment management companies in the world. He formerly servedas president and CEO of Harvard Management company, the firm that managesthe university's $35 billion endowment. He spent 15 years at the InternationalMoney Fund, working on policy, capital market and multi lateral economicissues. In 2004, Fortune named him a member of its eight-person 'MutualFund Dream Team'.