#1105953 in eBooks 2013-12-27 2013-12-27File Name: B00GWSY2IK
4 of 4 people found the following review helpful. This is the one to read if you want to be "lucky"By LeeI have worked in institutional funds management for 35 years, on both the sell side as a financial engineer, and on the buy side as a portfolio manager. Early on I managed a team that created one of the first VAR systems, and later I learned why a good VAR model is necessary, but not sufficient, to understand the risks embedded in your portfolio. Security price changes are not distributed noFrom the Back CoverInvestors know that just one severe market shock may be terminal for a financial plan. To retain a portfolio's hard-won value, asset managers need to supplement traditional risk management paradigms with a forward-thinking, "just-in-case" strategy. The answer is Tail Risk Hedging"TAIL RISKS" originate from the failure of mean reversion and the idealized bell curve of asset returns, which assumes that highly probable outcomes occur near the center of the curve and that unlikely occurrences, good and bad, happen rarely, if at all, at either "tail" of the curve. Ever since the global financial crisis, protecting investments against these severe tail events has become a priority for investors and money managers, but it is something Vineer Bhansali and his team at PIMCO hav... [PDF.mu92] TAIL RISK HEDGING: Creating Robust Portfolios for Volatile Markets (Professional Finance Investment) Rating: 3.77 (642 Votes)
You can specify the type of files you want, for your gadget.TAIL RISK HEDGING: Creating Robust Portfolios for Volatile Markets (Professional Finance Investment) | Vineer Bhansali. A good, fresh read, highly recommended.
