Summary |
Risk management has become virtually as important as portfolio construction and asset selection-even more so after the financial crisis of 2008. Those who understood the finer points of risk management were better able to cope with the recent carnage in the markets than those who depended entirely on the field’s quantitative aspects. It is these finer points of risk management that this work brings to the surface, thereby enlightening the reader. Collecting key readings on the subject from the world’s preeminent organization representing financial analysts-CFA institute-risk management: foundations for a changing financial world offers investment professionals a solid grounding in the philosophy, background, and development of the practice of risk management.
From the evolution of risk management to credit risk; risk measurement; and managing the risk of derivatives, alternative investments, pension funds, and international investments, the book’s expert contributors cover the key topics investment professionals worry about daily.
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