000			03140cam a22004218i 4500
001			21906432
003			OSt
005			20250515144950.0
008			210216s2021 nju 001 0 eng
010			_a 2021005741
020			_a9781119773917 _q(hardback)
020			_z9781119773948 _q(adobe pdf)
020			_z9781119773924 _q(epub)
040			_aDLC _beng _erda _cKSG
042			_apcc
050	0	0	_aHG4529.5 _b.H378 2021
082	0	0	_a332.6 _223
100	1		_aHarvey, Campbell R., _eauthor.
245	1	0	_aStrategic risk management : _bdesigning portfolios and managing risk / _cCampbell R. Harvey, Sandy Rattray, and Otto Van Hemert.
250			_aFirst edition.
263			_a2105
264		1	_aHoboken : _bWiley, _c2021.
300			_apages cm.
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
490	0		_aWiley finance
500			_aIncludes index.
520			_a"Risk management is a trending topic. We have recently lived through the global pandemic, which sent equity markets into a tailspin. Despite its relevance, risk management remains a poorly understood afterthought, with portfolios designed and handed off to the risk management team without a backward glance. Our book presents a different vision. It is based on the integration of the investment and risk processes, the cornerstone of the success of the world's largest publicly listed hedge fund company, Man Group, to which the authors are affiliated. Market selloffs, such as the one we experienced in the first quarter of 2020 with the global Covid-19 pandemic, are fresh reminders of the importance of risk management. Unfortunately, it is only after these painful episodes that investment processes are re-examined. Indeed, a popular approach is to have two separate groups with a fund. The portfolio is designed by an investment management team and then handed off and monitored by a risk management team. This approach essentially sets tripwires that trigger risk reductions. We advocate a different approach. Risk management should be an integral part of the portfolio design. This is what we refer to as strategic risk management. In this book, we set forward this new framework where we explore critical aspects of portfolio design including: defensive strategies, drawdown risk controls, volatility targeting, and actively timing rebalancing trades. We have published a number of research papers on these components of risk management. The first quarter of 2020 provided a unique out-of-sample test. Our book also explores how our recommendations fared in the most recent drawdown"-- _cProvided by publisher.
650		0	_aPortfolio management.
650		0	_aRisk management.
700	1		_aRattray, Sandy, _eauthor.
700	1		_aHemert, Otto van, _d1977- _eauthor.
776	0	8	_iOnline version: _aHarvey, Campbell R., _tStrategic risk management _bFirst edition. _dHoboken : Wiley, 2021. _z9781119773948 _w(DLC) 2021005742
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2lcc _cBK _n0
999			_c15242 _d15242