Practical Risk Management for Equity Portfolio Managers, presented to the Institute of Actuaries, 28. April 2003
Language: English
Published by Glasgow, Bell & Bain, 2003
- First Edition
- Softcover
- Used
Seller: Antiquariat Orban & Streu GbR, Frankfurt am Main, GermanyAntiquariat Orban & Streu GbR
AbeBooks seller since February 12, 2002
Condition: Used
£ 57.65
Quantity: 1 available
Add to basketItem description from seller
8°, 63 S. mit zahlr. Farb- und s/w-Illustr. und Schaubildern ('Risiko Heatmaps' etc.) (Text: Englisch), original Kartonage (Paperback), tadelloses, sauberes Exemplar (Ju3) Abstract: "The paper highlights the role of risk budgeting - how risk is 'spent' - in the investment management process and some of the practical issues encountered. Risk budgeting has received a great deal of interest from the investment management community recently, but no clear consensus has emerged on how it should be implemented. In this paper we outline a pragmatic risk budgeting method that can be applied at the portfolio level, and show that it can produce superior results when used in conjunction with cluster analysis techniques. There are practical implications for chief investment officers and chief executive officers on how they allocate human resources and capital in the investment management process. A statistical factor model for stock returns is used to build a risk model of the market that separates the factor components (representing the market, investment themes and styles) and the stock specific component. Then cluster analysis techniques provide a visualisation of the changing risk structure of the market. Natural groupings of stocks emerge within the market often different to the classical industrial classification systems widely used today. These natural groupings clearly change over time reflecting the changing nature of equity markets, e. g. these techniques show very clearly the emergence of the telecommunications, media, technology phenomenon in the late 1990s and its subsequent demise in early 2001. Using the framework of a statistical factor model, risk budgets can be aggregated or disaggregated. Aggregation can be to country, sector or any other group. Disaggregation will be to common factors (e. g. the market, growth, value and other styles) and stock specific factors, derived from a multi-factor model" Abholung im Ladengeschäft in Frankfurt am Main (Nordend ggü. Musterschule) möglich. Das spart die Portokosten. Pickup at the store in Frankfurt am Main (Nordend, close to Musterschule) is possible. It saves the shipping costs.…
Seller Inventory # 27701AB
Bibliographic details
- Title
- Practical Risk Management for Equity Portfolio Managers, presented to the Institute of Actuaries, 28. April 2003
- Author
- Heywood, G. C. / J. R. Marsland / G. M. Morrison
- Publisher
- Glasgow, Bell & Bain
- Publication year
- 2003
- Binding
- Soft cover
- Language
- English
- Edition
- 1st Edition
- Item weight
- 252 grams
- Seller catalogs
- Wirtschaft, Finanzwesen
Antiquariat Orban & Streu GbR
Frankfurt am Main, Germany
AbeBooks seller since February 12, 2002
Shipping rates from Germany to U.S.A.
| Item | 25 to 45 business days | 8 to 14 business days |
|---|---|---|
| First item | £ 32.72 | £ 64.58 |
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Store description
Our antiquarian bookshop Antiquariat Orban & Streu is located in the centre of Frankfurt am Main in Germany. We sell books since over 20 years via internet and also in our bookstore. Of course it is possible to get further information in English and pictures (jpgs.) for every single item on request.
Specialty
Kunstgewerbe und Kulturgeschichte, Kunst, Philosophie, rororo-Leinenrücken, Antike und Altertumswissenschaften, Literatur des 19. bis 21. Jahrhunderts in Erstausgaben, Psychologie, Naturwissenschaften, Frankfurt am Main, Insel-BüchereiSeller's business information
Orban und Streu GbR
Eckenheimer Landstraße 36
Frankfurt am Main, Germany 60318
Terms of sale
Impressum
Antiquariat Orban & Streu GbR
Eckenheimer Landstrasse 36
60318 Frankfurt am Main
Telefon: 0049 69 94415570
E-Mail: info@orbanundstreu.de
Vertreten durch:
Gesellschafter Ines Streu und Thomas Orban
Umsatzsteuer-ID:
Umsatzsteuer-Identifikationsnummer nach §27a Umsatzsteuergesetz:
DE 242431364
Verantwortlich für den Inhalt (gem. § 55 Abs. 2 RStV):
Ines Streu, Eckenheimer Landstrasse 36, 60318 Frankfurt am Main
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Bei Problemen in Zusammenhang mit einer Bestellung erreichen Sie uns am besten über unsere E-Mail-Adresse: info@orbanundstreu.de Die Europäische Kommission stellt eine Plattform zur Online-Streitbeilegung (OS) bereit, die Sie hier finden: http://ec.europa.eu/consumers/odr