Risk Management – Foundations for a Changing Financial World Foundations for a Changing Financial World

Key readings in risk management from CFA Institute, the preeminent organization representing financial analysts

Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. Risk Management: Foundations for a Changing Financial World provides investment professionals with a solid framework for understanding the theory, philosophy, and development of the practice of risk management by
* Outlining the evolution of risk management and how the discipline has adapted to address the future of managing risk
* Covering the full range of risk management issues, including firm, portfolio, and credit risk management
* Examining the various aspects of measuring risk and the practical aspects of managing risk
* Including key writings from leading risk management practitioners and academics, such as Andrew Lo, Robert Merton, John Bogle, and Richard Bookstaber

For financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the critical topics and issues in risk management that are most important to today's investment professionals.

Key readings in risk management from the preeminent organization representing financial analysts In the past two decades, risk management has become almost as important as portfolio construction and asset allocation. And since the financial crisis of 2008-2009, it is possibly even more important, for those who understood the fine art of risk management survived the wreckage of the markets, whereas those who depended entirely on risk modeling suffered greatly. The reality is that managing risk successfully is just as much art as science. To fully understand how to employ meaningful risk management, investment professionals must have a solid foundation in the theory, philosophy, and evolution of the practice. Risk Management: Evolution in a New Financial World provides that foundation and more. The book Outlines the evolution of risk management Includes key writings from leading risk management practitioners and academics, including Andrew Lo, Robert Merton, and John Bogle Covers the full range of risk management issues, including firm and portfolio risk management, credit risk, and risk measurement, as well as managing the risk of derivatives, pension funds, and both international and alternative investments Risk Management continues CFA's two-decade tradition of publishing some of the most important works on risk management.