Scenarios For Risk Management And Global Investment Strategies

Author : Rachel E. S. Ziemba
Publisher : John Wiley & Sons
ISBN 13 : 9780470518380
Total Pages : 334 pages
Book Rating : 4.83/5 ( download)

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Download or read book Scenarios for Risk Management and Global Investment Strategies written by Rachel E. S. Ziemba and published by John Wiley & Sons. This book was released on 2008-07-31 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses scenarios for risk management and developing global investment strategies. What are the chances that various future events will occur over time and how should these events and probable occurrence influence investment decisions? Assessing all possible outcomes is fundamental to risk management, financial engineering and investment and hedge fund strategies. A careful consideration of future scenarios will lead to better investment decisions and avoid financial disasters. The book presents tools and case studies around the world for analyzing a wide variety of investment strategies, building scenarios to optimize returns.

Author : Rachel E S Ziemba
Publisher : World Scientific
ISBN 13 : 9814504769
Total Pages : 588 pages
Book Rating : 4.68/5 ( download)

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Download or read book Investing in the Modern Age written by Rachel E S Ziemba and published by World Scientific. This book was released on 2013-05-21 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses many key topics in investment and risk management, the global economic situation and the shift in global investment strategies. It was largely written during the period of 2007-12, one of the most tumultuous times in global financial markets which called into question not only tenets of economic forecasting and also asset allocation and return strategies. It contains studies of how investors lose money in derivative markets, examples of those who did not and how these disasters could have been prevented. The authors draw some conclusions on the impact of the structural shifts currently underway in the global economy as well as how cyclical trends will affect these industries, the globe and key sectors. The authors zoom in on key growth areas, including emerging markets, their interlinkages and financial trends. The book also covers risk arbitrage and mean reversion strategies in financial and sports betting markets, plus incentives, volatility aspects, risk taking and investments strategies used by hedge funds and university endowments. Topics such as stock market crash predictions, asset liability planning models, various players in financial markets and the evaluation of the greatest investors are also discussed. The book presents tools and case studies of real applications for analyzing a wide variety of investment returns and better assessing the risks which many investors have preferred to ignore in the search of returns. Many security market regularities or anomalies are discussed including political party and January effects as is the process of building scenarios and using Kelly and fractional Kelly strategies to optimize returns. Contents:Key Concepts:Arbitrage, Risk Arbitrage and the Favorite-Longshot BiasThe Bond Stock Earnings Yield Differential ModelInvestor CampsHedge Funds, Sovereign Wealth Funds and Other Investment Agglomerations:Average Hedge Funds and Their EvaluationIncentives and Risk Taking in Hedge FundsEvaluating Superior Hedge FundsInvestment in Own-Company StockCutting Through the Hype on Sovereign Wealth FundsA New Age for LiquidityGovernment Owned Pensions: Asset Allocation and Governance IssuesUpdate on Yale's Approach to Endowment InvestingA Risk Arbitrage Convergence Trade: The Nikkei Put Warrant Market of 1989–90Kelly Capital Growth InvestingInnoALM, the Innovest Austrian Pension Fund Financial Planning ModelSeasonal Effects and Other Anomalies:Investing in the January Turn-of-the-Year Effect with Index FuturesThe January BarometerSell-in-May-and-Go-Away and the Effect of the Fed60–40 Pension Fund Mixes and Presidential Party EffectsVolatility, Correlation and Liquidity:Thoughts on the VIX Fear IndexChanging Correlations: Rising VIX and Violent Market MovesCan We Predict Stock Market Crashes?:Stock Market Crashes in 2006–2009: Were We Able to Predict Them?Three Mini Crashes in US and World Equity MarketsWhat Signals Worked and What Did Not, 1980–2009What Signals Worked and What Did Not, 1980–2009, Part IIWhat Signals Worked and What Did Not, 1980–2009, Part IIIHow to Lose Money in Derivatives and Examples of Those Who DidBubbles and Debt:Understanding the Financial Markets in the Subprime Era: The 2007/9 CrisisBubblesChina: Navigating the Olympic RisksTurkey's Juggling Act: Can It Live Up to Potential?Testing Resiliency: Protest and Natural DisastersIt's a Gas, Gas, Gas!Thoughts on the Current Market Environment, Risks and ReturnsWhat's Wrong with The US?Investing Around the WorldInvesting and Arbitrage in NFL Football and Horse Racing:Blunder or Correct Decision? The Belichick Decision to Go for It on 4th DownThe 2010 and 2011 Super Bowls and the Elo Ranking SystemRisk Arbitrage in the NFL 2012 Playoffs and the Super BowlThe One That Got Away: The Hitable $2 Million Pick 6 at the Breeders' CupTwo Super HorsesFarewell to the Queen and to the Princess of US Thoroughbred RacingThe Dr Z Place and Show Racetrack Betting Systems Past and Present Readership: Hedge fund managers, insurance managers, pension fund managers, mutual fund managers and other investment professionals and investors; students and researchers interested in risk management and investment management; investment strategies. Keywords:Hedge Funds;Sovereign Wealth Funds;Investment Agglomerations;Endowment Investing;Stock Market Crashes and Their Prediction;Global Economic Situation;Global Investment Strategies;Kelly and Fractional Kelly Wagering Strategies;Calendar Anomalies;Political Party;Time of Year EffectsKey Features:Contains case studies of great investment successes and blowouts to better assess explicit and implicit risks and mismatches in maturities and investment horizonDiscusses strategies used by the greatest investors to obtain their high returns and how these can be replicatedAnalyzes hedge fund concepts and performance including major fund disastersContains studies of pivotal economies that will shape the globe and investment prospects in years to comeReviews: "The prolific Ziembas have done it again! These days the markets may move like lightning but Rachel and Bill have no trouble keeping up. You don't need to look any further than this book for crucial information, insights and ideas." Paul Wilmott Mathematician and Author "Puzzled by today's markets and what to expect? Rachel and Bill Ziemba explain what has been happening and sharpen your thinking about future scenarios." Edward O Thorp Author of Beat the Dealer and Beat the Market

Author : Bertrand K. Hassani
Publisher : Springer
ISBN 13 : 3319250566
Total Pages : 162 pages
Book Rating : 4.64/5 ( download)

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Download or read book Scenario Analysis in Risk Management written by Bertrand K. Hassani and published by Springer. This book was released on 2016-10-26 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on identifying and explaining the key determinants of scenario analysis in the context of operational risk, stress testing and systemic risk, as well as management and planning. Each chapter presents alternative solutions to perform reliable scenario analysis. The author also provides technical notes and describes applications and key characteristics for each of the solutions. In addition, the book includes a section to help practitioners interpret the results and adjust them to real-life management activities. Methodologies, including those derived from consensus strategies, extreme value theory, Bayesian networks, Neural networks, Fault Trees, frequentist statistics and data mining are introduced in such a way as to make them understandable to readers without a quantitative background. Particular emphasis is given to the added value of the implementation of these methodologies.

Author : Marcus Schulmerich
Publisher : Springer
ISBN 13 : 364255444X
Total Pages : 491 pages
Book Rating : 4.45/5 ( download)

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Download or read book Applied Asset and Risk Management written by Marcus Schulmerich and published by Springer. This book was released on 2014-10-20 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : H. Kent Baker
Publisher : Financial Markets and Investme
ISBN 13 : 0199331960
Total Pages : 709 pages
Book Rating : 4.63/5 ( download)

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Download or read book Investment Risk Management written by H. Kent Baker and published by Financial Markets and Investme. This book was released on 2015 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: All investments carry with them some degree of risk. In the financial world, individuals, professional money managers, financial institutions and many others encounter and must deal with risk. The main purpose of 'Investment Risk Management' is to provide an overview of developments in risk management and a synthesis of research involving the latest developments in the field--

Author : Thomas Schneeweis
Publisher : John Wiley & Sons
ISBN 13 : 0470608390
Total Pages : 422 pages
Book Rating : 4.95/5 ( download)

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Download or read book The New Science of Asset Allocation written by Thomas Schneeweis and published by John Wiley & Sons. This book was released on 2010-02-12 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: A feasible asset allocation framework for the post 2008 financial world Asset allocation has long been a cornerstone of prudent investment management; however, traditional allocation plans failed investors miserably in 2008. Asset allocation still remains an essential part of the investment arena, and through a new approach, you'll discover how to make it work. In The New Science of Asset Allocation, authors Thomas Schneeweis, Garry Crowder, and Hossein Kazemi first explore the myths that plague this field then quickly move on to examine how the practice of asset allocation has failed in recent years. They then propose new allocation models that employ liquidity, transparency, and real risk controls across multiple asset classes. Outlines a new approach to asset allocation in a post-2008 world, where risk seems hidden The "great manager" problem is examined with solutions on how to capture manager alpha while limiting downside risk A complete case study is presented that allocates for beta and alpha Written by an experienced team of industry leaders and academic experts, The New Science of Asset Allocation explains how you can effectively apply this approach to a financial world that continues to change.

Author : BlackRock, Inc.
Publisher : John Wiley & Sons
ISBN 13 : 111988487X
Total Pages : 455 pages
Book Rating : 4.73/5 ( download)

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Download or read book BlackRock's Guide to Fixed-Income Risk Management written by BlackRock, Inc. and published by John Wiley & Sons. This book was released on 2023-10-31 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: An irreplaceable roadmap to modern risk management from renowned experts on the subject Edited by a co-founder and the former Chief Risk Officer of BlackRock—the world’s largest asset manager—BlackRock’s Guide to Fixed-Income Risk Management delivers an insightful blueprint to the implementation of a comprehensive investment risk management framework for buy-side firms. Leveraging the unprecedented academic and professional experience of current and former senior leaders in BlackRock’s risk and portfolio management functions, as well as trading, financial modeling, and analytics experts, the book serves a practitioner’s guide to investment risk management, leveraging BlackRock’s risk management framework. The included chapters combine to provide chief investment officers, risk managers, portfolio managers, researchers, and compliance professionals an approach to investment risk management well-suited for today's and tomorrow's markets. The book also presents: Critical elements that underpin a strong risk management program and culture Fixed income risk management concepts and theories that can be applied to other asset classes Lessons learned from financial crises and the COVID-19 Pandemic Ideal for undergraduate students and students and scholars of business, finance, and risk management, BlackRock’s Guide to Fixed-Income Risk Management is a one-of-a-kind combination of modern theory with proven, practical risk management strategies.

Author : Constantin Zopounidis
Publisher : John Wiley & Sons
ISBN 13 : 1118738187
Total Pages : 455 pages
Book Rating : 4.84/5 ( download)

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Download or read book Quantitative Financial Risk Management written by Constantin Zopounidis and published by John Wiley & Sons. This book was released on 2015-05-18 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Comprehensive Guide to Quantitative Financial Risk Management Written by an international team of experts in the field, Quantitative Financial Risk Management: Theory and Practice provides an invaluable guide to the most recent and innovative research on the topics of financial risk management, portfolio management, credit risk modeling, and worldwide financial markets. This comprehensive text reviews the tools and concepts of financial management that draw on the practices of economics, accounting, statistics, econometrics, mathematics, stochastic processes, and computer science and technology. Using the information found in Quantitative Financial Risk Management can help professionals to better manage, monitor, and measure risk, especially in today's uncertain world of globalization, market volatility, and geo-political crisis. Quantitative Financial Risk Management delivers the information, tools, techniques, and most current research in the critical field of risk management. This text offers an essential guide for quantitative analysts, financial professionals, and academic scholars.

Author : R. S. Khatta
Publisher : Global India Publications
ISBN 13 : 9788190685078
Total Pages : 288 pages
Book Rating : 4.74/5 ( download)

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Download or read book Risk Management written by R. S. Khatta and published by Global India Publications. This book was released on 2008 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Risk in organisations offers a proven framework for handling risks across all types of organisations. In this comprehensive resource, Editor, expert in risk management examines the risks routinely encountered in business, offers prescriptions to assess the effects of various risks and shows how to develop effective strategies to cope with risks. In addition, the book is filled with practical tools and techniques used by professional risk practitioners that can be readily applied by project managers, financial managers, and any manager or consultant who deals with risk within an organisation. It also includes a systematic risk management process-risk management planning, risk identification, qualitative impact analysis, risk response planning and monitoring control, provides quantitative and qualitative tools to identify and handle risks.

Author : Mebane T. Faber
Publisher : John Wiley & Sons
ISBN 13 : 1118008855
Total Pages : 246 pages
Book Rating : 4.50/5 ( download)

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Download or read book The Ivy Portfolio written by Mebane T. Faber and published by John Wiley & Sons. This book was released on 2011-04-05 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: A do-it-yourself guide to investing like the renowned Harvard and Yale endowments. The Ivy Portfolio shows step-by-step how to track and mimic the investment strategies of the highly successful Harvard and Yale endowments. Using the endowment Policy Portfolios as a guide, the authors illustrate how an investor can develop a strategic asset allocation using an ETF-based investment approach. The Ivy Portfolio also reveals a novel method for investors to reduce their risk through a tactical asset allocation strategy to protect them from bear markets. The book will also showcase a method to follow the smart money and piggyback the top hedge funds and their stock-picking abilities. With readable, straightforward advice, The Ivy Portfolio will show investors exactly how this can be accomplished—and allow them to achieve an unparalleled level of investment success in the process. With all of the uncertainty in the markets today, The Ivy Portfolio helps the reader answer the most often asked question in investing today - "What do I do"?