Key readings in risk management from the preeminent organization representingfinancial analysts In the past two decades, risk management has become almostas important as portfolio construction and asset allocation. And since the financial crisis of 2008-2009, it is possibly even more important, for those whounderstood the fine art of risk management survived the wreckage of the markets, whereas those who depended entirely on risk modeling suffered greatly. Thereality is that managing risk successfully is just as much art as science. Tofully understand how to employ meaningful risk management, investment professionals must have a solid foundation in the theory, philosophy, and evolution of the practice. Risk Management: Evolution in a New Financial World provides that foundation and more. The book * Outlines the evolution of risk management * Includes key writings from leading risk management practitioners and academics, including Andrew Lo, Robert Merton, and John Bogle * Covers the full rangeof risk management issues, including firm and portfolio risk management, credit risk, and risk measurement, as well as managing the risk of derivatives, pension funds, and both international and alternative investments Risk Management continues CFA's two-decade tradition of publishing some of the most important works on risk management INDICE: "Foreword. Acknowledgments. Introduction. PART I: OVERVIEWTWO DECADES OF RISK MANAGEMENT. 19901999 CHAPTER 1 A Framework For Understanding Market Crisis (Richard M. Bookstaber). CHAPTER 2 Practical Issues In Choosing And Applying Risk Management Tools (Jacques Longerstaey). CHAPTER 3 The Three P's Of Total Risk Management (Andrew W. Lo). CHAPTER 4 Reporting And Monitoring Risk Exposure (Robert W. Kopprasch, CFA). 2000Present CHAPTER 5 Risk Management: A Review (Sébastien Lleo, CFA). CHAPTER 6 Defining Risk (Glyn A. Holton). CHAPTER 7 Value And Risk: Beyond Betas (Aswath Damodaran). CHAPTER 8 (A Simple Theory Of The Financial Crisis; Or, Why Fischer Black Still Matters (Tyler Cowen). CHAPTER 9 (Managing Firm Risk (Bluford H. Putnam). CHAPTER 10 (Risk Measurement Versus Risk Management (D. Sykes Wilford). PART II: MEASURING RISK. CHAPTER 11 What Volatility Tells Us About Diversification And Risk Management (Max Darnell). CHAPTER 12 Risk: Measuring The Risk In Value At Risk (Philippe Jorion). CHAPTER 13 How Risk Management Can Benefi T Portfolio Managers (Michelle Mccarthy). CHAPTER 14 Merging The Risk Management Objectives Of The Client And Investment Manager (Bennett W. Golub). CHAPTER 15 The Mismeasurement Of Risk (Mark Kritzman, CFA, And Don Rich). CHAPTER 16 Riskiness In Risk Measurement (Roland Lochoff). CHAPTER 17 The Second Moment (Don Ezra). CHAPTER 18 The Sense And Nonsense Of Risk Budgeting (Arjan B. Berkelaar, CFA, Adam Kobor, CFA, And Masaki Tsumagari, CFA). CHAPTER 19 Understanding And Monitoring The Liquidity Crisis Cycle (Richard Bookstaber). CHAPTER 20 Why Company-Specifi C Risk Changes Over Time (James A. Bennett, CFA, And Richard W. Sias). CHAPTER 21 Black Monday And Black Swans (John C. Bogle). CHAPTER 22 The Uncorrelated Return Myth (Richard M. Ennis, CFA). PART III: MANAGING RISK. Alternative Investments. CHAPTER 23 Risk Management For Hedge Funds: Introduction And Overview (Andrew W. Lo). CHAPTER 24 Risk Management For Alternative Investment Strategies (Leslie Rahl). CHAPTER 25 Sources Of Change And Risk For Hedge Funds (Clifford S. Asness). CHAPTER 26 Risk Management In A Fund Of Funds (S. Luke Ellis). CHAPTER 27 Hedge Funds: Risk And Return (Burton G. Malkiel And Atanu Saha). Credit Risk. CHAPTER 28 Credit Risk (Jeremy Graveline And Michael Kokalari). CHAPTER 29 Tumbling Tower Of Babel: Subprime Securitization And The Credit Crisis (Bruce I. Jacobs). CHAPTER 30 Applying Modern Risk Management To Equity And Credit Analysis (Robert C. Merton). Derivatives. CHAPTER 31 The Uses And Risks Of Derivatives (Joanne M. Hill). CHAPTER 32 Effective Risk Management In The Investment Firm (Mark C. Brickell). CHAPTER 33 Risk-Management Programs (Maarten Nederlof). CHAPTER 34 Does Risk Management Add Value? (Charles W. Smithson). CHAPTER 35Risk Management And Fiduciary Duties (Robert M. Mclaughlin). Global Risk. CHAPTER 36 Financial Risk Management In Global Portfolios (R. Charles Tschampion,CFA). CHAPTER 37 Universal Hedging: Optimizing Currency Risk And Reward In International Equity Portfolios (Fischer Black). CHAPTER 38 Strategies For Hedging (Mark P. Kritzman, CFA). CHAPTER 39 Currency Risk Management In Emerging Markets (H. Gifford Fong). CHAPTER 40 Managing Geopolitical Risks (Marvin Zonis). CHAPTER 41 Country Risk In Global Financial Management (Claude B. Erb, CFA, Campbell R. Harvey, And Tadas E. Viskanta). CHAPTER 42 Political Risk In The World Economies (Marvin Zonis). Nonfinancial Risk. CHAPTER 43 A Behavioral Perspective On Risk Management (Andrew W. Lo). CHAPTER 44 Behavioral Risk: Anecdotes And Disturbing Evidence (Arnold S. Wood). CHAPTER 45 The Ten Commandments Of Operational Due Diligence (Robert P. Swan III). CHAPTER 46 Models (Emanuel Derman). CHAPTER 47 The Use And Misuse Of Models In Investment Management (Douglas T. Breeden). CHAPTER 48 Regulating Financial Markets: Protecting Us From Ourselves And Others (Meir Statman). Pension Risk. CHAPTER 49 Budgeting And Monitoring Pension Fund Risk (William F. Sharpe). CHAPTER 50 The Plan Sponsor's Perspective On Risk Management Programs (Desmond Macintyre). CHAPTER 51 Evaluating A Risk-Management Program (Christopher J. Campisano, CFA). CHAPTER 52 Developing And Implementing A Risk-Budgeting System (Leo J. De Bever). CHAPTER 53 Liability-Driven Investment Strategies For Pension Funds (Roman Von Ah). AboutThe Contributors. Index. "
- ISBN: 978-0-470-90339-1
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 816
- Fecha Publicación: 06/10/2010
- Nº Volúmenes: 1
- Idioma: Inglés