Strategic Risk Management

Full Name
Strategic Risk Management: Designing Portfolios and Managing Risk

Strategic Risk Management envisions a marriage between the investment and risk processes, an approach that has proven successful at the world’s largest publicly listed hedge fund, Man Group. It provides readers with a new framework for portfolio design that includes defensive strategies, drawdown risk controls, volatility targeting, and actively timing rebalancing trades. Perfect for asset managers and financial policymakers, this book will also earn a place in the libraries of economics and finance scholars, as well as casual readers who take an active approach to investing in their savings or pension assets.

Praise for Strategic Risk Management

Strategic Risk Management shows how to fully embed Risk Management into the portfolio management process as an equal partner to alpha. This should clearly be best practice for all asset managers.”

Jase Auby, Chief Investment Officer, the Teacher Retirement System of Texas

“This book shows the power of integrating risk and investment management, rather than applying risk management as an afterthought to satisfy set limits. I was pleased to shepherd some of the key ideas in this book through the publication process at The Journal of Portfolio Management.”

Frank Fabozzi, Editor, The Journal of Portfolio Management

“Financial markets today are quite different from those of the last century. Understanding leverage, correlations, tails, and other risk parameters of a portfolio is at least as important as work on signals and alpha. In that sense, bringing risk management from ‘control’ to ‘front office' should be a priority for asset managers. This book explains how to do it.”

Marko Kolanovic, Chief Global Market Strategist, J.P. Morgan