Portfolio Management

'Portfolio management has advanced to a highly specialised and quantitative discipline. This volume provides an overview of the theoretical framework underlying portfolio management as well as an insight into current trends’ – from the Introduction, by Bernd Scherer.

Edited by Bernd Scherer, the leading expert in the portfolio management field, this collection of technical papers on this complex area is the second book in the new Cutting Edge series.

The last decade saw a gradual narrowing between the buy side (asset management) and sell side (investment banking and in particular sales and trading). Risk magazine has been at the forefront of this development. Contributions from leading practitioners and academics have shaped the industry with three areas of main focus that have automatically evolved:

• view generation;
• portfolio construction and risk budgeting;
• risk management and performance measurement.

Each of the above identifies a distinct step in the portfolio management process. The selection of papers will allow readers to see how academic thinking has developed; how market applications and practitioner usage has evolved and how things might develop in the future.

Portfolio Management will enable you to implement more effective risk management strategies within your business and it will serve as an excellent guide and ideas generator.

Risk Books Cutting Edge series:

The Risk Books Cutting Edge Series is a new series that presents key technical papers drawn from the Cutting Edge section of Risk.net, the world’s leading financial risk management magazine. Each volume provides an introduction from an industry expert, and explores how academic thinking has developed over the years, how market applications and practitioner usage has evolved, and future developments in the field.