Book description
A comprehensive guide to the key investment decisions all investors must make and how to manage the risk that entails
Since all investors seek maximize returns balanced against acceptable risks, successful investment management is all about successful risk management. Strategic Risk Management uses that reality as a starting point, showing investors how to make risk management a process rather than just another tool in the investor's kit. The book highlights and explains primary investment risks and shows readers how to manage them across the key areas of any fund, including investment objectives, asset allocation, asset class strategy, and manager selection. With a strong focus on risk management at the time of asset allocation and at the time of implementation, the book offers important guidance for managers of benefit plans, endowments, defined contribution schemes, and family trusts.
Offers a thorough examination of the role of risk management in the decision-making process for asset allocation, manager selection, and other duties of fund managers
Written by the current head of portfolio design for the New Zealand Superannuation Fund
Addresses the fundamental importance of risk management in today's post-crisis fund management landscape
Strategic Risk Management is a comprehensive and easy-to-read guide that identifies the primary risks investors face and reveals how best to manage them.
Table of contents
- Cover
- Series
- Title Page
- Copyright Page
- Dedication
- Acknowledgments
- Preface
- Chapter 1: Strategic Risk Management Framework
- Chapter 2: Governance Risk
- Chapter 3: Investment Beliefs
- Chapter 4: Fund's Purpose
- Chapter 5: Strategic Asset Allocation
- Chapter 6: Hedge Funds
- Chapter 7: Private Equity
- Chapter 8: Benchmarks
- Chapter 9: Tactical Asset Allocation
- Chapter 10: Active versus Passive Management
- Chapter 11: Passive Management
- Chapter 12: Active Global Equities Structure
- Chapter 13: Active Global Fixed Income Structure
- Chapter 14: Manager Selection
- Chapter 15: Execution
- Chapter 16: Review and Monitoring
- Chapter 17: Case Study 1—Defined Benefit Plan
- Chapter 18: Case Study 2—DC Member Investment Choice Fund
- References
- About the Author
- Index
Product information
- Title: Strategic Risk Management: A Practical Guide to Portfolio Risk Management
- Author(s):
- Release date: November 2013
- Publisher(s): Wiley
- ISBN: 9781118176405
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