| Description |
xv, 797 pages : illustrations ; 26 cm |
| Series |
CFA Institute investment perspectives series
|
| Contents |
Introduction -- Part I. Overview -- Two Decades of Risk Management -- From 1990 -- 1999 -- 1. : A Framework for Understanding Market Crisis / Richard M. Bookstaber -- 2. : Practical Issues in Choosing and Applying Risk Management Tools / Jacques Longerstaey -- 3. : The Three P's of Total Risk Management / Andrew W. Lo -- 4. : Reporting and Monitoring Risk Exposure / Robert W. Kopprasch, CFA -- From 2000 -- Present -- 5. : Risk Management: A Review / Sebastien Lleo, CFA -- 6. : Defining Risk / Glyn A. Holton -- 7. : Value and Risk: Beyond Betas / Aswath Damodaran -- 8. : A Simple Theory of the Financial Crisis or, Why Fischer Black Still Matters / Tyler Cowen -- 9. : Managing Firm Risk / Bluford H. Putnam -- 10. : Risk Measurement versus Risk Management / D. Sykes Wilford -- Part II. Measuring Risk -- 11. : What Volatility Tells Us about Diversification and Risk Management / Max Darnell -- 12. : Risk2: Measuring the Risk in Value at Risk / Philippe Jorion -- 13. : How Risk Management Can Benefit Portfolio Managers / Michelle McCarthy -- 14. : Merging the Risk Management Objectives of the Client and Investment Manager / Bennett W. Golub -- 15. : The Mismeasurement of Risk / Mark Kritzman, CFA, and Don Rich -- 16. : Riskiness in Risk Measurement / Roland Lochoff -- 17. : The Second Moment / Don Ezra -- 18. : The Sense and Nonsense of Risk Budgeting / Arjan B. Berkelaar, CFA, Adam Kobor, CFA, and Masaki Tsumagari, CFA -- 19. : Understanding and Monitoring the Liquidity Crisis Cycle / Richard Bookstaber -- 20. : Why Company-Specifi c Risk Changes over Time / James A. Bennett, CFA, and Richard W. Sias -- 21. : Black Monday and Black Swans / John C. Bogle -- 22. : The Uncorrelated Return Myth / Richard M. Ennis, CFA -- Part III. Managing Risk -- Alternative Investments -- 23. : Risk Management for Hedge Funds: Introduction and Overview / Andrew W. Lo -- 24. : Risk Management for Alternative Investment Strategies / Leslie Rahl -- 25. : Sources of Change and Risk for Hedge Funds / Clifford S. Asness -- 26. : Risk Management in a Fund of Funds / S. Luke Ellis -- 27. : Hedge Funds: Risk and Return / Burton G. Malkiel and Atanu Saha -- Credit Risk -- 28. : Credit Risk / Jeremy Graveline and Michael Kokalari -- 29. : Tumbling Tower of Babel: Subprime Securitization and the Credit Crisis / Bruce I. Jacobs -- 30. : Applying Modern Risk Management to Equity and Credit Analysis / Robert C. Merton -- Derivatives -- 31. : The Uses and Risks of Derivatives / Joanne M. Hill -- 32. : Effective Risk Management in the Investment Firm / Mark C. Brickell -- 33. : Risk-Management Programs / Maarten Nederlof -- 34. : Does Risk Management Add Value? / Charles W. Smithson -- 35. : Risk Management and Fiduciary Duties / Robert M. McLaughlin -- Global Risk -- 36. : Financial Risk Management in Global Portfolios / R. Charles Tschampion, CFA -- 37. : Universal Hedging: Optimizing Currency Risk and Reward in International Equity Portfolios / Fischer Black -- 38. : Strategies for Hedging / Mark P. Kritzman, CFA -- 39. : Currency Risk Management in Emerging Markets / H. Gifford Fong -- 40. : Managing Geopolitical Risks / Marvin Zonis -- 41. : Country Risk in Global Financial Management / Claude B. Erb, CFA, Campbell R. Harvey, and Tadas E. Viskanta -- 42. : Political Risk in the World Economies / Marvin Zonis -- Nonfinancial Risk -- 43. : A Behavioral Perspective on Risk Management / Andrew W. Lo -- 44. : Behavioral Risk: Anecdotes and Disturbing Evidence / Arnold S. Wood -- 45. : The Ten Commandments of Operational Due Diligence / Robert P. Swan III -- 46. : Models / Emanuel Derman -- 47. : The Use and Misuse of Models in Investment Management / Douglas T. Breeden -- 48. : Regulating Financial Markets: Protecting Us from Ourselves and Others / Meir Statman -- Pension Risk -- 49. : Budgeting and Monitoring Pension Fund Risk / William F. Sharpe -- 50. : The Plan Sponsor's Perspective on Risk Management Programs / Desmond Mac Intyre -- 51. : Evaluating a Risk-Management Program / Christopher J. Campisano, CFA -- 52. : Developing and Implementing a Risk-Budgeting System / Leo J. de Bever -- 53. : Liability-Driven Investment Strategies for Pension Funds / Roman von Ah |
| Summary |
"Risk management has become virtually as important as portfolio construction and asset selection, more so after the financial crisis of 2008-2009. Those who understood the fine art of risk management survived the wreckage of the markets; those who depended entirely on risk modeling suffered greatly. The reality is that managing risk successfully is just as much art as science and involves a deep understanding of theory, market history, and meaningful risk measurement methodologies. For two decades, the CFA has been publishing some of the most important works on risk management from leading practitioners. This new volume outlines the evolution of risk management with key contributions from top risk managers including Rick Bookstaber, Peter Bernstein, Aswath Damodaran, Phillippe Jorion, Cliff Asness, Andrew Lo, among others. Covering the full range of risk management issues, the book includes key information on the history of firm and portfolio risk management, risk measurement, credit risk, and risk management of derivatives, pension funds, and international investments"-- Provided by publisher |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Financial risk management.
|
|
Risk management.
|
| Author |
Haslett, Walter V.
|
| LC no. |
2010034718 |
| ISBN |
9780470903391 (hbk.) |
|
0470903392 (hbk.) |
|
