TAIL RISK HEDGING: Creating Robust Portfolios for Volatile Markets

Bhansali, Vineer

ISBN 10: 0071791752 / ISBN 13: 9780071791755

Edité par McGraw-Hill Education, 2013

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Détails bibliographiques

Titre : TAIL RISK HEDGING: Creating Robust ...

Éditeur : McGraw-Hill Education

Date d'édition : 2013

Reliure : Hardcover

Etat : like new

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Synopsis :

The proven advice and tools you need to protect your portfolio from the next financial catastrophe

In the very first book on the subject of tail risk hedging, Bhansali reveals strategies investors can use to protect themselves from potentially catastrophic events. The most important development in risk management is managing for "tail risks", or the risks posed by rare events that can have outsized impact on portfolios.

Tail risk derives its name from the classic bell curves used to illustrate market outcomes. The most likely outcomes occur near the center of the curve, whereas the least likely incomes occur at either "tail" of the curve. Protecting investment portfolios against severe losses has become a priority in the wake of the global financial crisis. This guide provides actionable steps investors can take to hedge their portfolios against these tail risks.

Vineer Bhansali, Ph.D., is a managing director and portfolio manager in the Newport Beach office of PIMCO, where he oversees the company’s quantitative investment portfolios.

À propos de l?auteur:

VINEER BHANSALI, PH.D., is a managing director and portfolio manager in the Newport Beach office of PIMCO, where he oversees the company's quantitativeinvestment portfolios.