Risk Management: Foundations For a Changing Financial World (CFA Institute Investment Perspectives) - Hardcover

Hardcover

ISBN 10: 0470903392 ISBN 13: 9780470903391

Verlag: Wiley, 2010

Inhaltsangabe

Key readings in risk management from CFA Institute, the preeminent organization representing financial analysts
 
Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. Risk Management: Foundations for a Changing Financial World provides investment professionals with a solid framework for understanding the theory, philosophy, and development of the practice of risk management by
* Outlining the evolution of risk management and how the discipline has adapted to address the future of managing risk
* Covering the full range of risk management issues, including firm, portfolio, and credit risk management
* Examining the various aspects of measuring risk and the practical aspects of managing risk
* Including key writings from leading risk management practitioners and academics, such as Andrew Lo, Robert Merton, John Bogle, and Richard Bookstaber
 
For financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the critical topics and issues in risk management that are most important to today's investment professionals.

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Über die Autorin bzw. den Autor

Walter V. "Bud" Haslett Jr., CFA, is Head, Risk Management, Derivatives, and Alternative Investments for CFA Institute. Mr. Haslett has served CFA Institute as an exam grader and member of the Council of Examiners as well as an ad hoc reviewer for the Financial Analysts Journal and abstractor for the CFA Digest. He is past president of the CFA Society of Philadelphia and former board member of the New York Society of Security Analysts. He holds a Master of Liberal Arts from the University of Pennsylvania and an MBA from Drexel University. Prior to joining CFA Institute, Mr. Haslett was head of option analytics for Miller Tabak & Co., LLC, and spent much of his career managing risk on the option trading floors at the Philadelphia Stock Exchange.

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Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. And in order to do so, investment professionals must have a solid framework for understanding the theory, philosophy, and development of the practice of risk management.
 
Risk Management: Foundations for a Changing Financial World outlines the evolution of risk management with key contributions from the top minds in the field, such as Richard Bookstaber, Aswath Damodaran, Philippe Jorion, Clifford Asness, and Andrew Lo, among others. They show how the discipline has adapted to address the future of managing risk. Covering the full range of risk management issues, the book first provides an overview of the past two decades of risk management. It goes on to discuss the various aspects of measuring risk--from how risk management can benefit portfolio managers to understanding and monitoring the liquidity cycle, and more. The last section of the book examines the practical aspects of managing risk, including risk management for hedge funds, the uses and risks of derivatives, the management of geopolitical risks, and other critical topics.
 
For financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the issues most important to today's investment professionals.

Aus dem Klappentext

Praise for Risk Management
 
"A timeless collection of thought-provoking ideas from the rock stars of risk management."
--Don M. Chance, James C. Flores Endowed Chair of MBA Studies, Louisiana State University
 
"Risk management has taken quite a beating recently. In this collection of modern and classical papers, Bud Haslett shows how risk management is still alive and kicking. But the war is never ending; use this book as an inspiration for new arms and building an arsenal for the next battle."
--Paul Wilmott, author, researcher, and designer of the Certificate in Quantitative Finance (CQF) and wilmott.com
 
Seminal research and expert analysis on the most important topic in modern finance
 
Risk management has become virtually as important as portfolio construction and asset selection--even more so after the financial crisis of 2008. Those who understood the finer points of risk management were better able to cope with the recent carnage in the markets than those who depended entirely on the field's quantitative aspects. It is these finer points of risk management that this work brings to the surface, thereby enlightening the reader. Collecting key readings on the subject from the world's preeminent organization representing financial analysts--CFA Institute--Risk Management: Foundations for a Changing Financial World offers investment professionals a solid grounding in the philosophy, background, and development of the practice of risk management.
 
From the evolution of risk management to credit risk; risk measurement; and managing the risk of derivatives, alternative investments, pension funds, and international investments, the book's expert contributors cover the key topics investment professionals worry about daily.

Details zur Ausgabe

• Verlag: Wiley
• Erscheinungsdatum: 2010
• Sprache: Englisch
• ISBN 10: 0470903392
• ISBN 13: 9780470903391
• Einband: Gebundene Ausgabe
• Auflage: 1
• Anzahl der Seiten: 816
• Herausgeber: Haslett Walter V. "Bud"
• Kontakt zum Hersteller: Wiley-VCH GmbH; product_safety@wiley.com; ; Boschstrasse 12; Weinheim; 69469; Deutschland