About the Authors:
Howard Lodge received his PhD from Indiana University in Bloomington, IN. He started as an academic, doing neural modeling of the eye; later transferring to Wall Street in NYC (primarily Morgan Stanley) and doing mathematical modeling of derivatives for 18 years. He was also head of derivatives for several Fortune 500 firms.
Joseph Rinaldi received his MBA from Pace University, NYC. He began his career as a mortgage trader and hedging specialist. During the 1990’s, he traded over $35 billion of assets (mainly derivatives) for the RTC/FDIC. He then founded a money management & RIA firm and also teaches at the Smith School of Business, University of Maryland, College Park, Md.
Master of Finance students from the University of Maryland’s Robert H. Smith School of Business in spring 2016 enhanced their knowledge of markets by translating a finance textbook from English to Chinese. In spring 2017, a group of new interns reprised the project. This time, they translated A Beginning Guide to Alternative Assets to Spanish from English.
As interns for the Rockville, Maryland-based Quantum Financial Advisors, (Lorena Gonzalez, Joao Coehlo, Isabella Echeverry, Marcelo Gustavo Arteaga Mata, and Yaite Laura Batista) “deepened their practical understanding of our capital markets through translating the book (A Beginning Guide to Alternative Assets),” says the firm’s founder Joseph Rinaldi, an adjunct finance professor.
The authors wrote this textbook on Alternative Assets, to introduce other non-traditional assets. These non-traditional assets are everything but stocks, bonds, and cash. Since interest rates have been near zero for many years, there is a need to explore other non-fixed income securities that offer yield but may not decline in value as interest rates increase. In addition, pension funds that are used to buying bonds to meet their 7% return level, now need to look elsewhere to earn higher rates of return that are available in alternative assets. Professor Rinaldi thought a Chinese/English and a Spanish/English version would be useful for his international students he teaches at NYU and University of Maryland.