Risk Management: Foundations for a Changing Financial World - Hardcover

by Walter V. Bud Haslett (Editor)

Key readings in risk management from CFA Institute, the preeminent organization representing financial analysts

Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. Risk Management: Foundations for a Changing Financial World provides investment professionals with a solid framework for understanding the theory, philosophy, and development of the practice of risk management by

• Outlining the evolution of risk management and how the discipline has adapted to address the future of managing risk
• Covering the full range of risk management issues, including firm, portfolio, and credit risk management
• Examining the various aspects of measuring risk and the practical aspects of managing risk
• Including key writings from leading risk management practitioners and academics, such as Andrew Lo, Robert Merton, John Bogle, and Richard Bookstaber

For financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the critical topics and issues in risk management that are most important to today's investment professionals.

Front Jacket

Risk management may have been the single most important topic infinance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. Andin order to do so, investment professionals must have a solidframework for understanding the theory, philosophy, and developmentof the practice of risk management.

Risk Management: Foundations for a Changing FinancialWorld outlines the evolution of risk management with keycontributions from the top minds in the field, such as RichardBookstaber, Aswath Damodaran, Philippe Jorion, Clifford Asness, andAndrew Lo, among others. They show how the discipline has adaptedto address the future of managing risk. Covering the full range ofrisk management issues, the book first provides an overview of thepast two decades of risk management. It goes on to discuss thevarious aspects of measuring risk--from how risk managementcan benefit portfolio managers to understanding and monitoring theliquidity cycle, and more. The last section of the book examinesthe practical aspects of managing risk, including risk managementfor hedge funds, the uses and risks of derivatives, the managementof geopolitical risks, and other critical topics.

For financial analysts, money managers, and others in thefinance industry, this book offers an in-depth understanding of theissues most important to today's investment professionals.

Back Jacket

Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. And in order to do so, investment professionals must have a solid framework for understanding the theory, philosophy, and development of the practice of risk management.

Risk Management: Foundations for a Changing Financial World outlines the evolution of risk management with key contributions from the top minds in the field, such as Richard Bookstaber, Aswath Damodaran, Philippe Jorion, Clifford Asness, and Andrew Lo, among others. They show how the discipline has adapted to address the future of managing risk. Covering the full range of risk management issues, the book first provides an overview of the past two decades of risk management. It goes on to discuss the various aspects of measuring risk--from how risk management can benefit portfolio managers to understanding and monitoring the liquidity cycle, and more. The last section of the book examines the practical aspects of managing risk, including risk management for hedge funds, the uses and risks of derivatives, the management of geopolitical risks, and other critical topics.

For financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the issues most important to today's investment professionals.

Author Biography

WALTER V. "BUD" HASLETT JR., CFA, is Head, Risk Management, Derivatives, and Alternative Investments for CFA Institute. Mr. Haslett has served CFA Institute as an exam grader and member of the Council of Examiners as well as an ad hoc reviewer for the Financial Analysts Journal and abstractor for the CFA Digest. He is past president of the CFA Society of Philadelphia and former board member of the New York Society of Security Analysts. He holds a Master of Liberal Arts from the University of Pennsylvania and an MBA from Drexel University. Prior to joining CFA Institute, Mr. Haslett was head of option analytics for Miller Tabak & Co., LLC, and spent much of his career managing risk on the option trading floors at the Philadelphia Stock Exchange.