000			02975nam a22002417a 4500
999			_c2926 _d2926
005			20220707141141.0
008			220707b ||||| |||| 00| 0 eng d
020			_a9781119773917
082			_a332.6 _bHAR
100			_aHarvey, Campbell R. _97405
245			_aStrategic risk management: designing portfolios and managing risk
260			_bJohn Wiley & Sons, Inc. _aNew Jersey _c2021
300			_axvii, 236 p.
365			_aUSD _b34.95
504			_aTABLE OF CONTENTS Foreword by Martin Leibowitz Preface by Sandy Rattray Chapter 1: Seeking Crisis Alpha Chapter 2: Can Portfolios Be Crisis Proofed? Chapter 3: Risk Management via Volatility Targeting Chapter 4: Strategic Rebalancing Chapter 5: Drawdown Control Chapter 6: Man versus Machine Chapter 7: Out-of-Sample Evidence from the COVID-19 Equity Sellof Notes Index
520			_aHaving 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, you will learn how to obtain a more balanced return stream by targeting volatility rather than a constant notional exposure and gain a deeper understanding of concepts like portfolio rebalancing. Perfect for people working in the asset management industry and financial policy makers, Strategic Risk Management: Designing Portfolios and Managing Risk will also earn a place in the libraries of economics and finance scholars, as well as casual readers who take an active approach to investing in their savings or pension assets.
650			_aRisk management _9177
650			_aPortfolio management _9193
650			_aStrategic planning _9291
700			_aRattray, Sandy _96801
700			_aHemert, Otto Van _97406
942			_2ddc _cBK