Extreme Value Hedging - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Extreme Value Hedging write by Ronald D. Orol. This book was released on 2008-01-18. Extreme Value Hedging available in PDF, EPUB and Kindle. Activist hedge fund managers represent a small part of the $1.5 trillion hedge fund industry, but their approach is causing a stir among traditional managers and the investment community because they are shaking up the corporate establishment and making money for their investors. These types of managers are here to stay and Extreme Value Hedging tells the story of their rise to power in the U.S. and how they are spreading their influential gospel around the globe to places like China, Ukraine, South Korea and Sweden. Author Ronald D. Orol has a unique understanding of this world and through this book he shares his unparalleled insights in an easy to comprehend manner. He discusses everything from activist investor efforts to breakup the clubby insider world of corporate boardrooms to their deal-making or breaking pressure tactics and courtroom battles. Orol skillfully makes his case for each subject by offering revelations and examples from insiders like Ralph Whitworth, (Relational Investors), Guy Wyser-Pratte, (Wyser-Pratte Management), Mark Schwarz, (Newcastle Capital Group LLC), Robert Chapman (Chapman Capital), Phillip Goldstein (Opportunity Partners), Jeffrey Ubben (ValueAct Capital), Jeffrey M. Solomon (Ramius Capital Group LLC), Michael Van Biema (Van Biema Value Partners), Eric Rosenfeld (Crescendo Partners), Lars Förberg (Cevian Capital) and Emanuel Pearlman (Liberation Investment Group), among many, many others.
Extreme Events in Finance
Extreme Events in Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Extreme Events in Finance write by Francois Longin. This book was released on 2016-10-17. Extreme Events in Finance available in PDF, EPUB and Kindle. A guide to the growing importance of extreme value risk theory, methods, and applications in the financial sector Presenting a uniquely accessible guide, Extreme Events in Finance: A Handbook of Extreme Value Theory and Its Applications features a combination of the theory, methods, and applications of extreme value theory (EVT) in finance and a practical understanding of market behavior including both ordinary and extraordinary conditions. Beginning with a fascinating history of EVTs and financial modeling, the handbook introduces the historical implications that resulted in the applications and then clearly examines the fundamental results of EVT in finance. After dealing with these theoretical results, the handbook focuses on the EVT methods critical for data analysis. Finally, the handbook features the practical applications and techniques and how these can be implemented in financial markets. Extreme Events in Finance: A Handbook of Extreme Value Theory and Its Applications includes: Over 40 contributions from international experts in the areas of finance, statistics, economics, business, insurance, and risk management Topical discussions on univariate and multivariate case extremes as well as regulation in financial markets Extensive references in order to provide readers with resources for further study Discussions on using R packages to compute the value of risk and related quantities The book is a valuable reference for practitioners in financial markets such as financial institutions, investment funds, and corporate treasuries, financial engineers, quantitative analysts, regulators, risk managers, large-scale consultancy groups, and insurers. Extreme Events in Finance: A Handbook of Extreme Value Theory and Its Applications is also a useful textbook for postgraduate courses on the methodology of EVTs in finance.
Tail Risk of Hedge Funds
Tail Risk of Hedge Funds - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Tail Risk of Hedge Funds write by Gregor Aleksander Gawron. This book was released on 2007. Tail Risk of Hedge Funds available in PDF, EPUB and Kindle.
Extreme Value Theory with High-frequency Financial Data
Extreme Value Theory with High-frequency Financial Data - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Extreme Value Theory with High-frequency Financial Data write by Abhinay Sawant. This book was released on 2010. Extreme Value Theory with High-frequency Financial Data available in PDF, EPUB and Kindle.
Algorithms for Worst-Case Design and Applications to Risk Management
Algorithms for Worst-Case Design and Applications to Risk Management - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Algorithms for Worst-Case Design and Applications to Risk Management write by Berç Rustem. This book was released on 2009-02-09. Algorithms for Worst-Case Design and Applications to Risk Management available in PDF, EPUB and Kindle. Recognizing that robust decision making is vital in risk management, this book provides concepts and algorithms for computing the best decision in view of the worst-case scenario. The main tool used is minimax, which ensures robust policies with guaranteed optimal performance that will improve further if the worst case is not realized. The applications considered are drawn from finance, but the design and algorithms presented are equally applicable to problems of economic policy, engineering design, and other areas of decision making. Critically, worst-case design addresses not only Armageddon-type uncertainty. Indeed, the determination of the worst case becomes nontrivial when faced with numerous--possibly infinite--and reasonably likely rival scenarios. Optimality does not depend on any single scenario but on all the scenarios under consideration. Worst-case optimal decisions provide guaranteed optimal performance for systems operating within the specified scenario range indicating the uncertainty. The noninferiority of minimax solutions--which also offer the possibility of multiple maxima--ensures this optimality. Worst-case design is not intended to necessarily replace expected value optimization when the underlying uncertainty is stochastic. However, wise decision making requires the justification of policies based on expected value optimization in view of the worst-case scenario. Conversely, the cost of the assured performance provided by robust worst-case decision making needs to be evaluated relative to optimal expected values. Written for postgraduate students and researchers engaged in optimization, engineering design, economics, and finance, this book will also be invaluable to practitioners in risk management.
