The Handbook of Risk [Hardcover]

IMCA (Author), Ben Warwick (Editor)

Book Description

Publication Date: July 15, 2002 | Series: Wiley Finance (Book 170)

The ultimate source for risk management information

Before entering into any investment, the risk of that venture must be identified and quantified. The Handbook of Risk provides in-depth coverage of risk from every possible angle and illuminates the subject by covering the quantitative and and behavioral issues faced by investment professionals on a day-to-day basis. This valuable reference offers a prescriptive and descriptive treatment of risk management for those looking to control, contain, and minimize the risk of their investments.

The Handbook of Risk is also a perfect companion for professionals looking to complete IMCA certification courses.

Ben Warwick (Denver, CO) is the "Market View" columnist for worldlyinvestor.com and Chief Investment Officer of Sovereign Wealth Management, Inc. He has written numerous books, including The WorldlyInvestorGuide to Beating the Market (Wiley: 0471215317), and Searching for Alpha (Wiley: 0471348228). IMCA (The Investment Management Consultants Association) is a professional association established in 1990 that represents the investment consulting profession in the United States and Canada.

Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management, asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise.

Editorial Reviews

From the Inside Flap

Risk is a part of life, especially in investing. You size up the odds, weigh the costs and benefits, and attempt to avoid negative outcomes. In today's fast-paced market environment, risk is something every investment professional must face in many forms. The fundamental question is "How can you control, contain, and minimize these risks?" With The Handbook of Risk at your side, you'll learn how to deal with the varied elements of investment risk, mainly through the insights of the most qualified professionals in the business.

Composed of sixteen information-packed chapters, each individually written by a leading risk expert, The Handbook of Risk provides in-depth coverage of risk from many angles. It clearly illuminates the complex subject of risk by addressing both the quantitative and behavioral elements of risk faced by investment professionals and their clients.

In the first section of this comprehensive guide, editor Ben Warwick introduces you to the most cutting-edge thinking on the nature of risk, from Peter L. Bernstein's "The Failure of Invariance" to Robert H. Jeffrey's "A New Paradigm for Portfolio Risk." In the second section, you'll receive firsthand lessons in the most innovative practices and procedures currently employed to measure risk. Experts such as Emanuel Derman and David Nawrocki explore a wealth of topics, including "Model Risk" and "The Case for Relevancy of Downside Risk Measures." In the third and final section of the book, you'll gain an investment manager's view of risk with discussions of "Hedge Fund Risk," "Investing on the Edge of Chaos," and much more.

Pulling together the best minds in the risk management business, The Handbook of Risk clearly illustrates and analyzes the many aspects of modern risk management. With each chapter firmly grounded in empirical research and applicable to a variety of investment styles, this invaluable resource offers a descriptive and prescriptive treatment of risk management.

If you want to gain a practical and complete understanding of today's complex risk management challenges, look to the experts within these pages. From risk management methodologies to the tools you'll need to implement them, The Handbook of Risk is filled with proven tips and techniques gleaned from years of real-world investment experience. This one-stop reference guide is all you'll need to master risk.

From the Back Cover

Risk is a part of life, and in today's fast-paced market environment, financial risk is something every investment professional must face. The fundamental question is "How can you control, contain, and minimize the risk of your and/or your clients' investments?" With The Handbook of Risk at your side, you'll quickly learn how to deal with investment risk, mainly through the insights and advice of the most qualified professionals in the business.

The Handbook of Risk is composed of sixteen informative chapters, each written by a leading risk expert who explores the nature of risk, the measurement of risk, and the view of risk from an investment professional's perspective. Editor Ben Warwick includes such articles as . . .
* The Failure of Invariance by Peter L. Bernstein
* A New Paradigm for Portfolio Risk by Robert H. Jeffrey
* The Case for Relevancy of Downside Risk Measures by David Nawrocki
* Hedge Fund Risk by Brian Cornell

. . . that will put you on the right track to risk management.

Pulling together the best minds in the risk management business, The Handbook of Risk clearly illustrates and analyzes the many aspects of modern risk management and shows you how to deal with them. Don't pass up this opportunity to learn from the best. Pick up The Handbook of Risk and broaden your risk management horizons.

See all Editorial Reviews

Product Details

• Hardcover: 496 pages
• Publisher: Wiley; 1st edition (July 15, 2002)
• Language: English
• ISBN-10: 0471064122
• ISBN-13: 978-0471064121
• Product Dimensions: 9.5 x 6 x 0.9 inches
• Shipping Weight: 1.3 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #2,490,411 in Books (See Top 100 in Books)

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