Strategic Risk Management: A Practical Guide to Portfolio Risk Management (Wiley Finance)

AcomprehensiveguidetothekeyinvestmentdecisionsallinvestorsmustmakeandhowtomanagetheriskthatentailsSinceallinvestorsseekmaximizereturnsbalancedagainstacceptablerisks,successfulinvestmentmanagementisallaboutsuccessfulriskmanagement.StrategicRiskManagementusesthatrealityasastartingpoint,showinginvestorshowtomakeriskmanagementaprocessratherthanjustanothertoolintheinvestor'skit.Thebookhighlightsandexplainsprimaryinvestmentrisksandshowsreadershowtomanagethemacrossthekeyareasofanyfund,includinginvestmentobjectives,assetallocation,assetclassstrategy,andmanagerselection.Withastrongfocusonriskmanagementatthetimeofassetallocationandatthetimeofimplementation,thebookoffersimportantguidanceformanagersofbenefitplans,endowments,definedcontributionschemes,andfamilytrusts.Offersathoroughexaminationoftheroleofriskmanagementinthedecision-makingprocessforassetallocation,managerselection,andotherdutiesoffundmanagersWrittenbythecurrentheadofportfoliodesignfortheNewZealandSuperannuationFundAddressesthefundamentalimportanceofriskmanagementintoday'spost-crisisfundmanagementlandscapeStrategicRiskManagementisacomprehensiveandeasy-to-readguidethatidentifiestheprimaryrisksinvestorsfaceandrevealshowbesttomanagethem.