ISBN10: 1119773911, ISBN13: 9781119773917, [publisher: John Wiley & Sons Inc Mai 2021] Hardcover Neuware - STRATEGIC RISK MANAGEMENTHaving just experienced a global pandemic that sent equity markets into a tailspin in March 2020, risk management is a more relevant topic than ever. It remains, however, an often poorly understood afterthought. Many portfolios are designed without any thought given to risk management before they are handed off to a dedicated--but separate--risk management team.In Strategic Risk Management: Designing Portfolios and Managing Risk, Campbell R. Harvey, Sandy Rattray, and Otto Van Hemert deliver a reimagining of the risk management process. The book envisions a marriage between the investment and risk processes, an approach that has proven successful at the world's largest publicly listed hedge fund, Man Group.The authors provide readers with a new framework for portfolio design that includes defensive strategies, drawdown risk controls, volatility targeting, and actively timing rebalancing trades. You will learn about how the book's new approach to risk management fared during the recent market drawdown at the height of the COVID-19 pandemic. You will also discover why the traditional risk weighting approach only works on certain classes of assets.The book shows you how to accurately evaluate the costs of defensive strategies and which ones offer the best and most cost-effective protection against market downturns. Finally, ...
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ISBN10: 1119773911, ISBN13: 9781119773917, [publisher: John Wiley & Sons Inc] Hardcover 2021. 1st Edition. Hardcover. . . . . . Books ship from the US and Ireland.
[Olney, MD, U.S.A.] [Publication Year: 2021]