Contemporary law and government are increasingly characterized by a focus on risk. Fields such as health, psychiatry, criminal justice, vehicle safety, urban design and environmental governance all provide examples of settings in which problems are dealt with as risks. While risk has become more prominent, there have also been changes in the nature of risk techniques deployed. Whereas welfare states provided many services through socialized risk - such as social insurances covering health, employment and old age - increasing emphasis is now pla…

The book considers when governments should give guarantees to private investors. After describing the history of guarantees, and the challenges the politics and psychology create for good decisions, the book sets out a principles for allocating risk (and therefore guarantees), techniques for valuing guarantees, and rules to encourage good decisions.

Hedge Fund Risk Fundamentals is the first book to bring these issues to the forefront. With clarity, concision, and minimal math, Richard Horwitz lays out the key components and the cutting-edge processes in the field of hedge fund risk management today. Against that backdrop he presents a groundbreaking utility destined to set the standard for transparency and risk management within the hedge fund universe.

"Hedge Fund Technology" provides hedge funds' managers with all global systemic and technologic solutions to resolve insufficient infrastructures, and risk management in the fund industry. The book informs of industry trends and provides solutions for: front end trading and pricing analytics, commodities' front end trading solutions, back and middle office systems such as accounting, funds' transfer, nostro reconciliation, settlement, confirmation, documentation, fees, commissions, expenses and soft dollars, treasury and finance solutions, and,…

This work evaluates four key topics from a critical perspective: benchmarking and performance measurement; risk management; portfolio management; and asset allocation. Written by leading finance academics, industry commentators and practitioners. The independence of their views and the academic-professional balance reflects an intellectual maturity and confidence which is essential in maintaining a healthy industry. The reader's ability to generate alpha and structure genuinely innovative products will be paramount to the growth of their busine…

Books on complex hedging instruments are often more confusing than the instruments themselves. "Hedging Instruments and Risk Management" brings clarity to the topic, giving money managers the straightforward knowledge they need to employ hedging tools and techniques in four key markets - equity, currency, fixed income, and mortgage. Using real-world data and examples, this high-level book shows practitioners how to develop a common set of mathematical and statistical tools for hedging in various markets and then outlines several hedging strateg…

A collection of some of the most influential papers published in 'The Journal of Risk', selected and introduced by editor-in-chief Philippe Jorion. Presents a leading body of knowledge in quantitative methods to measure the financial risks of complex portfolios.

This book gives a new perspective on how investors and policy makers can analyze risk and vulnerabilities in economies, both emerging market and industrial, by using modern risk management and financial engineering techniques. Using recent advances in this field and the theory of finance, an economic value can be placed on vulnerabilities caused by inter-linkages between different sectors of the economy, the macroeconomic risks due to external shocks quantified, and the value ex-ante of various policy measures to respond to crises calculated.

Risk and risk management can sometimes be misunderstood. There is a view that the prudent approach is to avoid risk by simply maintaining the status quo. Linked to this is the idea that audit is a barrier to risk taking and innovation. Also, spending time developing risk management strategies can sometimes be perceived as mere pointless bureaucracy. Failure to take opportunities can be a huge risk in itself. By not looking at new ways of doing things organizations can miss out on real opportunities to manage better their business, improve servi…

A guide on risk for the hedge fund industry, this title includes a primer on hedge fund risk, and is illustrated with examples. It provides information for risk managers within various types of investment structures like investment banks and others. It is aimed at investment bankers, allocators, dealers, counterparties, prime brokers, and others.