In this book, Stefan Meyer empirically examines standardized futures trading strategies for their suitability in reducing systematic portfolio risk. To this end, he analyzes price, interest rate, and volatility data during the twelve largest financial and economic crises between 1987 and 2022.The findings show that—contrary to the arguments of neoclassical capital market theory—derivatives can, in general, provide tangible benefits in modern portfolio management. These benefits may include...

The investing strategy that famously generates higher returns with substantially reduced risk--presented by the investor who invented it"A treasure of well researched momentum-driven investing processes."Gregory L. Morris, Chief Technical Analyst and Chairman, Investment Committee of Stadion Money Management, LLC, and author of Investing with the TrendDual Momentum Investing details the author’s own momentu...

A hands-on guide to the fast and ever-changing world of high-frequency, algorithmic tradingFinancial markets are undergoing rapid innovation due to the continuing proliferation of computer power and algorithms. These developments have created a new investment discipline called high-frequency trading.This book covers all aspects of high-frequency trading, from the business case and formulation of ideas through the development of trading systems to application of capital and ...

This book is your ultimate US GAAP resource. Here you will find the most up-to-date information, facts, quotes and much more.In easy to read chapters, with extensive references and links to get you to know all there is to know about US GAAP's whole picture right away. Get countless US GAAP facts right at your fingertips with this essential resource.The US GAAP Handbook is the single and largest US GAAP reference book. This compendium of information is the authoritative sour...

This book is written for the experienced portfolio manager and professional options traders. It is a practical guide offering how to apply options math in a trading world that demands mathematical measurement.Every options trader deals with an array of calculations: beginners learn to identify risks and opportunities using a short list of strategies, while researchers and academics turn to advanced technical manuals. However, almost no books exist for the experienced portfolio mana...

Make smart investment decisions to build a strong portfolioThis book is a practical and accessible guide to understanding and implementing the capital asset pricing model, providing you with the essential information and saving time.In 50 minutes you will be able to:• Understand the uses of the capital asset pricing model and how you can apply it to your own portfolio• Analyze the components of your current portfolio and its level of...

A classic book on credit risk management is updated to reflect the current economic crisisCredit Risk Management In and Out of the Financial Crisis dissects the 2007-2008 credit crisis and provides solutions for professionals looking to better manage risk through modeling and new technology. This book is a complete update to Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms, reflecting events stemming from the recent cre...

STRATEGIC RISK MANAGEMENTHaving just experienced a global pandemic that sent equity markets into a tailspin in March 2020, risk management is a more relevant topic than ever. It remains, however, an often poorly understood afterthought. Many portfolios are designed without any thought given to risk management before they are handed off to a dedicated—but separate—risk management team.In Strategic Risk Management: Designing Portfolios and Managing Risk

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

Addresses newly exposed weaknesses of financial risk models in the context of market stress scenariosThis will be the definitive book for readers looking to improve their approach to modeling financial risk

Value-at-Risk (VaR) is a powerful tool for assessing market risk in real time—a critical insight when making trading and hedging decisions. The VaR Modeling Handbook is the most complete, up-to-date reference on the subject for today’s savvy investors, traders, portfolio managers, and other asset and risk managers.Unlike market risk metrics such as the Greeks, or beta, which are applicable to only certain asset categories and sources of market risk, VaR is applicable to al...

A complete guide to longevity financeAs the Baby Boomer population continues to age and the need for the securitization of life insurance policies increases, more financial institutions are looking towards longevity trading as a solution. Consequently, there is now a need for innovative financial products and strategies that have the ability to hedge longevity exposure for pension funds, reinsurance companies, and governments. These products and strategies are currently being devel...