Risk Is an Asset - 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 Risk Is an Asset write by Wayne Penello. This book was released on 2020-08-11. Risk Is an Asset available in PDF, EPUB and Kindle. WAYNE PENELLO AND ANDREW FURMAN have spent the better part of forty years investigating traditional hedging practices and innovating a better solution. And that innovation put them on a path to invent a groundbreaking approach to hedging. Risk Is an Asset tells the story of that invention, and it will transform the way you think about hedging strategies. What you will learn by reading this book is that effective hedging is not a decision, it is a process they call "Process Risk Management," or PRM. It is guided by risk metrics expressed in the same budgetary terms used to measure the success of your business. PRM helps each firm maintain focus on its own budgetary success and avoid the trap of trying to outguess the market. Why is measuring risk in budgetary terms important? Because if you measure the wrong things, you are unlikely to get the results you want.
Asset and Risk Management
Asset and 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 Asset and Risk Management write by Louis Esch. This book was released on 2005-09-27. Asset and Risk Management available in PDF, EPUB and Kindle. The aim of this book is to study three essential components of modern finance – Risk Management, Asset Management and Asset and Liability Management, as well as the links that bind them together. It is divided into five parts: Part I sets out the financial and regulatory contexts that explain the rapid development of these three areas during the last few years and shows the ways in which the Risk Management function has developed recently in financial institutions. Part II is dedicated to the underlying theories of Asset Management and deals in depth with evaluation of financial assets and with theories relating to equities, bonds and options. Part III deals with a central theory of Risk Management, the general theory of Value at Risk or VaR, its estimation techniques and the setting up of the methodology. Part IV is the point at which Asset Management and Risk Management meet. It deals with Portfolio Risk Management (the application of risk management methods to private asset management), with an adaptation of Sharpe’s simple index method and the EGP method to suit VaR and application of the APT method to investment funds in terms of behavioural analysis. Part V is the point at which Risk Management and Asset and Liability Management (ALM) meet, and touches on techniques for measuring structural risks within the on and off balance sheet. The book is aimed both at financial professionals and at students whose studies contain a financial aspect. "Esch, Kieffer and Lopez have provided us with a comprehensive and well written treatise on risk. This is a must read, must keep volume for all those who need or aspire to a professional understanding of risk and its management." —Harry M Markowitz, San Diego, USA
Applied Asset and Risk Management
Applied Asset and 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 Applied Asset and Risk Management write by Marcus Schulmerich. This book was released on 2014-10-20. Applied Asset and Risk Management available in PDF, EPUB and Kindle. This book is a guide to asset and risk management from a practical point of view. It is centered around two questions triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory they should not? - How do investors deal with such crises in terms of their risk measurement and management and as a consequence, what are the implications for the chosen investment strategies? The book presents and discusses two different approaches to finance and investing, i.e., modern portfolio theory and behavioral finance, and provides an overview of stock market anomalies and historical crashes. It is intended to serve as a comprehensive introduction to asset and risk management for bachelor’s and master’s students in this field as well as for young professionals in the asset management industry. A key part of this book is the exercises to further demonstrate the concepts presented with examples and a step-by-step business case. An Excel file with the calculations and solutions for all 17 examples as well as all business case calculations can be downloaded at extras.springer.com.
Risk and Asset Allocation
Risk and Asset Allocation - 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 Risk and Asset Allocation write by Attilio Meucci. This book was released on 2009-05-22. Risk and Asset Allocation available in PDF, EPUB and Kindle. Discusses in the practical and theoretical aspects of one-period asset allocation, i.e. market Modeling, invariants estimation, portfolia evaluation, and portfolio optimization in the prexence of estimation risk The book is software based, many of the exercises simulate in Matlab the solution to practical problems and can be downloaded from the book's web-site
Multi-Asset Risk Modeling
Multi-Asset Risk Modeling - 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 Multi-Asset Risk Modeling write by Morton Glantz. This book was released on 2013-12-03. Multi-Asset Risk Modeling available in PDF, EPUB and Kindle. Multi-Asset Risk Modeling describes, in a single volume, the latest and most advanced risk modeling techniques for equities, debt, fixed income, futures and derivatives, commodities, and foreign exchange, as well as advanced algorithmic and electronic risk management. Beginning with the fundamentals of risk mathematics and quantitative risk analysis, the book moves on to discuss the laws in standard models that contributed to the 2008 financial crisis and talks about current and future banking regulation. Importantly, it also explores algorithmic trading, which currently receives sparse attention in the literature. By giving coherent recommendations about which statistical models to use for which asset class, this book makes a real contribution to the sciences of portfolio management and risk management. - Covers all asset classes - Provides mathematical theoretical explanations of risk as well as practical examples with empirical data - Includes sections on equity risk modeling, futures and derivatives, credit markets, foreign exchange, and commodities
