Walter Haslett
Risk Management
Foundations For a Changing Financial World
Gebonden Engels 2011 1e druk 9780470903391Levertijd ± 8 werkdagen
Gratis verzonden
Samenvatting
Dit verzamelwerk over risicomanagement in de financiële wereld bevat belangrijke artikelen over dit onderwerp. 'Risk Management: Foundations for a Changing Financial World' biedt investeringsprofessionals een bruikbaar en solide raamwerk om hun risicomanagement op orde te brengen. Van de risicometing tot praktische aspecten, het komt allemaal aan de orde.
Specificaties
ISBN13:9780470903391
Trefwoorden:financieel management, financiële dienstverlening, risico, risicomanagement
Taal:Engels
Bindwijze:gebonden
Aantal pagina's:560
Uitgever:John Wiley & Sons
Druk:1
Hoofdrubriek:Financieel management
Lezersrecensies
Wees de eerste die een lezersrecensie schrijft!
Inhoudsopgave
Foreword
Acknowledgments
Introduction
PART I: OVERVIEW—TWO DECADES OF RISK MANAGEMENT
1990–1999
CHAPTER 1: A Framework for Understanding Market Crisis (Richard MBookstaber)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):7–19
CHAPTER 2: Practical Issues in Choosing and Applying Risk Management Tools (Jacques Longerstaey)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):52–61
CHAPTER 3: The Three P's of Total Risk Management (Andrew WLo)
Reprinted from the Financial Analysts Journal (January/February 1999):13–26
CHAPTER 4: Reporting and Monitoring Risk Exposure (Robert WKopprasch, CFA)
Reprinted from AIMR Conference Proceedings: Risk Management (April 1996): 25–33
2000–Present
CHAPTER 5: Risk Management: A Review (Sébastien Lleo, CFA)
Modifi ed from The Research Foundation of CFA Institute (February 2009)
CHAPTER 6: Defining Risk (Glyn AHolton)
Reprinted from the Financial Analysts Journal (November/December 2004): 19–25
CHAPTER 7: Value and Risk: Beyond Betas (Aswath Damodaran)
Reprinted from the Financial Analysts Journal (March/April 2005):38–43
CHAPTER 8: A Simple Theory of the Financial Crisis; or, Why Fischer Black Still Matters (Tyler Cowen)
Reprinted from the Financial Analysts Journal (May/June 2009):17–20
CHAPTER 9: Managing Firm Risk (Bluford HPutnam)
Reprinted from AIMR Conference Proceedings: Ethical Issues for Today's Firm (July 2000):51–61
CHAPTER 10: Risk Measurement versus Risk Management (DSykes Wilford)
Reprinted from AIMR Conference Proceedings: Improving the Investment Process through Risk Management (November 2003):17–21
PART II: MEASURING RISK
CHAPTER 11: What Volatility Tells Us about Diversifi cation and Risk Management (Max Darnell)
Reprinted from CFA Institute Conference Proceedings Quarterly (September 2009):57–66
CHAPTER 12: Risk2: Measuring the Risk in Value at Risk (Philippe Jorion)
Reprinted from the Financial Analysts Journal (November/December 1996): 47–56
CHAPTER 13: How Risk Management Can Benefi t Portfolio Managers (Michelle McCarthy)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):62–72
CHAPTER 14: Merging the Risk Management Objectives of the Client and Investment Manager (Bennett WGolub)
Reprinted from AIMR Conference Proceedings: Exploring the Dimensions of Fixed-Income Management (March 2004):13–23
CHAPTER 15: The Mismeasurement of Risk (Mark Kritzman, CFA, and Don Rich)
Reprinted from the Financial Analysts Journal (May/June 2002):91–99
CHAPTER 16: Riskiness in Risk Measurement (Roland Lochoff)
Reprinted from AIMR Conference Proceedings: Exploring the Dimensions of Fixed-Income Management (March 2004):40–51
CHAPTER 17: The Second Moment (Don Ezra)
Reprinted from the Financial Analysts Journal (January/February 2009): 34–36
CHAPTER 18: The Sense and Nonsense of Risk Budgeting (Arjan BBerkelaar, CFA, Adam Kobor, CFA, and Masaki Tsumagari, CFA)
Reprinted from the Financial Analysts Journal (September/October 2006): 63–75
CHAPTER 19: Understanding and Monitoring the Liquidity Crisis Cycle (Richard Bookstaber)
Reprinted from the Financial Analysts Journal (September/October 2000):17–22
CHAPTER 20: Why Company-Specifi c Risk Changes over Time (James ABennett, CFA, and Richard WSias)
Reprinted from the Financial Analysts Journal (September/October 2006): 89–100
CHAPTER 21: Black Monday and Black Swans (John CBogle)
Reprinted from the Financial Analysts Journal (March/April 2008):30–40
CHAPTER 22: The Uncorrelated Return Myth (Richard MEnnis, CFA)
Reprinted from the Financial Analysts Journal (November/December 2009):6–7
PART III: MANAGING RISK
Alternative Investments
CHAPTER 23: Risk Management for Hedge Funds: Introduction and Overview (Andrew WLo)
Reprinted from the Financial Analysts Journal (November/December 2001): 16–33
CHAPTER 24: Risk Management for Alternative Investment Strategies (Leslie Rahl)
Acknowledgments
Introduction
PART I: OVERVIEW—TWO DECADES OF RISK MANAGEMENT
1990–1999
CHAPTER 1: A Framework for Understanding Market Crisis (Richard MBookstaber)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):7–19
CHAPTER 2: Practical Issues in Choosing and Applying Risk Management Tools (Jacques Longerstaey)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):52–61
CHAPTER 3: The Three P's of Total Risk Management (Andrew WLo)
Reprinted from the Financial Analysts Journal (January/February 1999):13–26
CHAPTER 4: Reporting and Monitoring Risk Exposure (Robert WKopprasch, CFA)
Reprinted from AIMR Conference Proceedings: Risk Management (April 1996): 25–33
2000–Present
CHAPTER 5: Risk Management: A Review (Sébastien Lleo, CFA)
Modifi ed from The Research Foundation of CFA Institute (February 2009)
CHAPTER 6: Defining Risk (Glyn AHolton)
Reprinted from the Financial Analysts Journal (November/December 2004): 19–25
CHAPTER 7: Value and Risk: Beyond Betas (Aswath Damodaran)
Reprinted from the Financial Analysts Journal (March/April 2005):38–43
CHAPTER 8: A Simple Theory of the Financial Crisis; or, Why Fischer Black Still Matters (Tyler Cowen)
Reprinted from the Financial Analysts Journal (May/June 2009):17–20
CHAPTER 9: Managing Firm Risk (Bluford HPutnam)
Reprinted from AIMR Conference Proceedings: Ethical Issues for Today's Firm (July 2000):51–61
CHAPTER 10: Risk Measurement versus Risk Management (DSykes Wilford)
Reprinted from AIMR Conference Proceedings: Improving the Investment Process through Risk Management (November 2003):17–21
PART II: MEASURING RISK
CHAPTER 11: What Volatility Tells Us about Diversifi cation and Risk Management (Max Darnell)
Reprinted from CFA Institute Conference Proceedings Quarterly (September 2009):57–66
CHAPTER 12: Risk2: Measuring the Risk in Value at Risk (Philippe Jorion)
Reprinted from the Financial Analysts Journal (November/December 1996): 47–56
CHAPTER 13: How Risk Management Can Benefi t Portfolio Managers (Michelle McCarthy)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):62–72
CHAPTER 14: Merging the Risk Management Objectives of the Client and Investment Manager (Bennett WGolub)
Reprinted from AIMR Conference Proceedings: Exploring the Dimensions of Fixed-Income Management (March 2004):13–23
CHAPTER 15: The Mismeasurement of Risk (Mark Kritzman, CFA, and Don Rich)
Reprinted from the Financial Analysts Journal (May/June 2002):91–99
CHAPTER 16: Riskiness in Risk Measurement (Roland Lochoff)
Reprinted from AIMR Conference Proceedings: Exploring the Dimensions of Fixed-Income Management (March 2004):40–51
CHAPTER 17: The Second Moment (Don Ezra)
Reprinted from the Financial Analysts Journal (January/February 2009): 34–36
CHAPTER 18: The Sense and Nonsense of Risk Budgeting (Arjan BBerkelaar, CFA, Adam Kobor, CFA, and Masaki Tsumagari, CFA)
Reprinted from the Financial Analysts Journal (September/October 2006): 63–75
CHAPTER 19: Understanding and Monitoring the Liquidity Crisis Cycle (Richard Bookstaber)
Reprinted from the Financial Analysts Journal (September/October 2000):17–22
CHAPTER 20: Why Company-Specifi c Risk Changes over Time (James ABennett, CFA, and Richard WSias)
Reprinted from the Financial Analysts Journal (September/October 2006): 89–100
CHAPTER 21: Black Monday and Black Swans (John CBogle)
Reprinted from the Financial Analysts Journal (March/April 2008):30–40
CHAPTER 22: The Uncorrelated Return Myth (Richard MEnnis, CFA)
Reprinted from the Financial Analysts Journal (November/December 2009):6–7
PART III: MANAGING RISK
Alternative Investments
CHAPTER 23: Risk Management for Hedge Funds: Introduction and Overview (Andrew WLo)
Reprinted from the Financial Analysts Journal (November/December 2001): 16–33
CHAPTER 24: Risk Management for Alternative Investment Strategies (Leslie Rahl)
Reprinted from AIMR Conference Proceedings: Exploring the Dimensions of Fixed-Income Management (March 2004):52–62
CHAPTER 25: Sources of Change and Risk for Hedge Funds (Clifford SAsness)
Reprinted from CFA Institute Conference Proceedings: Challenges and Innovation in Hedge Fund Management (August 2004):4–9, 13–14
CHAPTER 26: Risk Management in a Fund of Funds (SLuke Ellis)
Reprinted from CFA Institute Conference Proceedings: Challenges and Innovation in Hedge Fund Management (August 2004):31–39
CHAPTER 27: Hedge Funds: Risk and Return (Burton GMalkiel and Atanu Saha)
Reprinted from the Financial Analysts Journal (November/December 2005): 80–88
Credit Risk
CHAPTER 28: Credit Risk (Jeremy Graveline and Michael Kokalari)
Modifi ed from The Research Foundation of CFA Institute (November 2006)
CHAPTER 29: Tumbling Tower of Babel: Subprime Securitization and the Credit Crisis (Bruce IJacobs)
Reprinted from the Financial Analysts Journal (March/April 2009):17–30
CHAPTER 30: Applying Modern Risk Management to Equity and Credit Analysis (Robert CMerton)
Reprinted from CFA Institute Conference Proceedings Quarterly (December 2007):14–22
Derivatives
CHAPTER 31: The Uses and Risks of Derivatives (Joanne MHill)
Reprinted from AIMR Conference Proceedings: Investing Worldwide VI (January 1996):46–58
CHAPTER 32: Effective Risk Management in the Investment Firm (Mark CBrickell)
Reprinted from AIMR Conference Proceedings: Risk Management (April 1996):48–55
CHAPTER 33: Risk-Management Programs (Maarten Nederlof)
Reprinted from AIMR Conference Proceedings: Risk Management (April 1996):15–24
CHAPTER 34: Does Risk Management Add Value? (Charles WSmithson)
Reprinted from AIMR Conference Proceedings: Corporate Financial Decision Making and Equity Analysis (July 1995):47–53
CHAPTER 35: Risk Management and Fiduciary Duties (Robert MMcLaughlin)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):20–31
Global Risk
CHAPTER 36: Financial Risk Management in Global Portfolios (RCharles Tschampion, CFA)
Reprinted from AIMR Conference Proceedings: Investing Worldwide VI (January 1996):67–73
CHAPTER 37: Universal Hedging: Optimizing Currency Risk and Reward in International Equity Portfolios (Fischer Black)
Reprinted from the Financial Analysts Journal (July/August 1989):16–22
CHAPTER 38: Strategies for Hedging (Mark PKritzman, CFA)
Reprinted from AIMR Conference Proceedings: Managing Currency Risk (November 1997):28–38
CHAPTER 39: Currency Risk Management in Emerging Markets (HGifford Fong)
Reprinted from AIMR Conference Proceedings: Investing Worldwide VII (September 1996):18–23
CHAPTER 40: Managing Geopolitical Risks (Marvin Zonis)
Reprinted from CFA Institute Conference Proceedings Quarterly (September 2009):22–29
CHAPTER 41: Country Risk in Global Financial Management (Claude BErb, CFA, Campbell RHarvey, and Tadas EViskanta)
Reprinted from The Research Foundation of CFA Institute (January 1998)
CHAPTER 42: Political Risk in the World Economies (Marvin Zonis)
Reprinted from AIMR Conference Proceedings: Investing Worldwide VIII: Developments in Global Portfolio Management (September 1997):1–6
Nonfi nancial Risk
CHAPTER 43: A Behavioral Perspective on Risk Management (Andrew WLo)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):32–37
CHAPTER 44: Behavioral Risk: Anecdotes and Disturbing Evidence (Arnold SWood)
Reprinted from AIMR Conference Proceedings: Investing Worldwide VI (January 1996):74–78
CHAPTER 45: The Ten Commandments of Operational Due Diligence (Robert PSwan III)
Reprinted from CFA Institute Conference Proceedings: Challenges and Innovation in Hedge Fund Management (August 2004):47–52
CHAPTER 46: Models (Emanuel Derman)
Reprinted from the Financial Analysts Journal (January/February 2009):28–33
CHAPTER 47: The Use and Misuse of Models in Investment Management (Douglas TBreeden)
Reprinted from CFA Institute Conference Proceedings Quarterly (December 2009): 36–45
CHAPTER 48: Regulating Financial Markets: Protecting Us from Ourselves and Others (Meir Statman)
Reprinted from the Financial Analysts Journal (May/June 2009):22–31
Pension Risk
CHAPTER 49: Budgeting and Monitoring Pension Fund Risk (William FSharpe)
Reprinted from the Financial Analysts Journal (September/October 2002):74–86
CHAPTER 50: The Plan Sponsor's Perspective on Risk Management Programs (Desmond Mac Intyre)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):38–44
CHAPTER 51: Evaluating a Risk-Management Program (Christopher JCampisano, CFA)
Reprinted from AIMR Conference Proceedings: Risk Management (April 1996):41–47
CHAPTER 52: Developing and Implementing a Risk-Budgeting System (Leo Jde Bever)
Reprinted from AIMR Conference Proceedings: Improving the Investment Process through Risk Management (November 2003):62–72
CHAPTER 53: Liability-Driven Investment Strategies for Pension Funds (Roman von Ah)
Reprinted from CFA Institute Conference Proceedings Quarterly (December 2008):39–46
About the Contributors
Index.
CHAPTER 25: Sources of Change and Risk for Hedge Funds (Clifford SAsness)
Reprinted from CFA Institute Conference Proceedings: Challenges and Innovation in Hedge Fund Management (August 2004):4–9, 13–14
CHAPTER 26: Risk Management in a Fund of Funds (SLuke Ellis)
Reprinted from CFA Institute Conference Proceedings: Challenges and Innovation in Hedge Fund Management (August 2004):31–39
CHAPTER 27: Hedge Funds: Risk and Return (Burton GMalkiel and Atanu Saha)
Reprinted from the Financial Analysts Journal (November/December 2005): 80–88
Credit Risk
CHAPTER 28: Credit Risk (Jeremy Graveline and Michael Kokalari)
Modifi ed from The Research Foundation of CFA Institute (November 2006)
CHAPTER 29: Tumbling Tower of Babel: Subprime Securitization and the Credit Crisis (Bruce IJacobs)
Reprinted from the Financial Analysts Journal (March/April 2009):17–30
CHAPTER 30: Applying Modern Risk Management to Equity and Credit Analysis (Robert CMerton)
Reprinted from CFA Institute Conference Proceedings Quarterly (December 2007):14–22
Derivatives
CHAPTER 31: The Uses and Risks of Derivatives (Joanne MHill)
Reprinted from AIMR Conference Proceedings: Investing Worldwide VI (January 1996):46–58
CHAPTER 32: Effective Risk Management in the Investment Firm (Mark CBrickell)
Reprinted from AIMR Conference Proceedings: Risk Management (April 1996):48–55
CHAPTER 33: Risk-Management Programs (Maarten Nederlof)
Reprinted from AIMR Conference Proceedings: Risk Management (April 1996):15–24
CHAPTER 34: Does Risk Management Add Value? (Charles WSmithson)
Reprinted from AIMR Conference Proceedings: Corporate Financial Decision Making and Equity Analysis (July 1995):47–53
CHAPTER 35: Risk Management and Fiduciary Duties (Robert MMcLaughlin)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):20–31
Global Risk
CHAPTER 36: Financial Risk Management in Global Portfolios (RCharles Tschampion, CFA)
Reprinted from AIMR Conference Proceedings: Investing Worldwide VI (January 1996):67–73
CHAPTER 37: Universal Hedging: Optimizing Currency Risk and Reward in International Equity Portfolios (Fischer Black)
Reprinted from the Financial Analysts Journal (July/August 1989):16–22
CHAPTER 38: Strategies for Hedging (Mark PKritzman, CFA)
Reprinted from AIMR Conference Proceedings: Managing Currency Risk (November 1997):28–38
CHAPTER 39: Currency Risk Management in Emerging Markets (HGifford Fong)
Reprinted from AIMR Conference Proceedings: Investing Worldwide VII (September 1996):18–23
CHAPTER 40: Managing Geopolitical Risks (Marvin Zonis)
Reprinted from CFA Institute Conference Proceedings Quarterly (September 2009):22–29
CHAPTER 41: Country Risk in Global Financial Management (Claude BErb, CFA, Campbell RHarvey, and Tadas EViskanta)
Reprinted from The Research Foundation of CFA Institute (January 1998)
CHAPTER 42: Political Risk in the World Economies (Marvin Zonis)
Reprinted from AIMR Conference Proceedings: Investing Worldwide VIII: Developments in Global Portfolio Management (September 1997):1–6
Nonfi nancial Risk
CHAPTER 43: A Behavioral Perspective on Risk Management (Andrew WLo)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):32–37
CHAPTER 44: Behavioral Risk: Anecdotes and Disturbing Evidence (Arnold SWood)
Reprinted from AIMR Conference Proceedings: Investing Worldwide VI (January 1996):74–78
CHAPTER 45: The Ten Commandments of Operational Due Diligence (Robert PSwan III)
Reprinted from CFA Institute Conference Proceedings: Challenges and Innovation in Hedge Fund Management (August 2004):47–52
CHAPTER 46: Models (Emanuel Derman)
Reprinted from the Financial Analysts Journal (January/February 2009):28–33
CHAPTER 47: The Use and Misuse of Models in Investment Management (Douglas TBreeden)
Reprinted from CFA Institute Conference Proceedings Quarterly (December 2009): 36–45
CHAPTER 48: Regulating Financial Markets: Protecting Us from Ourselves and Others (Meir Statman)
Reprinted from the Financial Analysts Journal (May/June 2009):22–31
Pension Risk
CHAPTER 49: Budgeting and Monitoring Pension Fund Risk (William FSharpe)
Reprinted from the Financial Analysts Journal (September/October 2002):74–86
CHAPTER 50: The Plan Sponsor's Perspective on Risk Management Programs (Desmond Mac Intyre)
Reprinted from AIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):38–44
CHAPTER 51: Evaluating a Risk-Management Program (Christopher JCampisano, CFA)
Reprinted from AIMR Conference Proceedings: Risk Management (April 1996):41–47
CHAPTER 52: Developing and Implementing a Risk-Budgeting System (Leo Jde Bever)
Reprinted from AIMR Conference Proceedings: Improving the Investment Process through Risk Management (November 2003):62–72
CHAPTER 53: Liability-Driven Investment Strategies for Pension Funds (Roman von Ah)
Reprinted from CFA Institute Conference Proceedings Quarterly (December 2008):39–46
About the Contributors
Index.
Afgekapt op 60 regels
Rubrieken
- advisering
- algemeen management
- coaching en trainen
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- economie
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