A critical tool for equipment lessors to measure their risk and manage their portfolios
Eighty percent of U.S. companies lease all or some of their equipment. They lease on an ongoing basis-adding, upgrading, and using the flexibility provided by leasing to run the most effective operation possible. Leasing is a $200-billion-a-year business. The implementation of Basel II and the crisis in the airline industry have underscored the need to manage risk well. Managing Lease Portfolios shows how to evaluate the risk of lease portfolios as well as hedge the long-term, non-traded risks associated with them. This unique guide is filled with in-depth insight, easy-to-understand models, and practical advice to help professionals implement a portfolio approach to leasing.
Townsend Walker (San Francisco, CA) is a partner and the creative thinker behind APERIMUS, a firm that identifies the sources of risk in leasing portfolios and devises structures to control those risks. Townsend received a PhD in economics from Stanford, an MA in economics from NYU, and a BS in foreign service from Georgetown University. Townsend is also author of A Guide for Using the Foreign Exchange Market (0-471-06254-4) and Managing Risk with Derivatives (with the ABA).
Townsend Walker
Finance & Investments Finanz- u. Anlagewesen Institutional & Corporate Finance Institutionelle Finanzplanung