TAIL RISK HEDGING: Creating Robust Portfolios for Volatile Markets
On Sale Now! Free Shipping Included! Save 6% on the TAIL RISK HEDGING: Creating Robust Portfolios for Volatile Markets by Vineer Bhansali at HYIP Offer. Hurry! Limited time offer. Offer valid only while supplies last. ''TAIL RISKS'' originate from the failure of mean reversion and the idealized bell curve of asset returns, which assumes that highly probable outcomes
"TAIL RISKS" originate from the failure of mean reversion and the idealized bell curve of asset returns, which assumes that highly probable outcomes occur near the center of the curve and that unlikely occurrences, good and bad, happen rarely, if at all, at either "tail" of the curve. Ever since the global financial crisis, protecting investments against these severe tail events has become a priority for investors and money managers, but it is something Vineer Bhansali and his team at PIMCO have been doing for over a decade. In one of the first comprehensive and rigorous books ever written on tail risk hedging, he lays out a systematic approach to protecting portfolios from, and potentially benefiting from, rare yet severe market outcomes.
Tail Risk Hedging is built on the author's practical experience applying macroeconomic forecasting and quantitative modeling techniques across asset markets. Using empirical data and charts, he explains the consequences of diversification failure in tail events and how to manage portfolios when this happens. He provides an easy-to-use, yet rigorous framework for protecting investment portfolios against tail risk and using tail hedging to play offense. Tail Risk Hedging explores how to:
- Generate profits from volatility and illiquidity during tail-risk events in equity and credit markets
- Buy attractively priced tail hedges that add value to a portfolio and quantify basis risk
- Interpret the psychology of investors in option pricing and portfolio construction
- Customize explicit hedges for retirement investments
- Hedge risk factors such as duration risk and inflation risk
Managing tail risk is today's most significant development in risk management, and this thorough guide helps you access every aspect of it. With the time-tested and mathematically rigorous strategies described here, including pieces of computer code, you get access to insights to help mitigate portfolio losses in significant downturns, create explosive liquidity while unhedged participants are forced to sell, and create more aggressive yet tail-risk-focused portfolios. The book also gives you a unique, higher level view of how tail risk is related to investing in alternatives, and of derivatives such as zerocost collars and variance swaps. Volatility and tail risks are here to stay, and so should your clients' wealth when you use Tail Risk Hedging for managing portfolios.
PRAISE FOR TAIL RISK HEDGING:
"Managing, mitigating, and even exploiting the risk of bad times are the most important concerns in investments. Bhansali puts tail risk hedging and tail risk management under a microscope--pricing, implementation, and showing how we can fine-tune our risk exposures, which are all crucial ways in how we can better weather our bad times." -- ANDREW ANG, Ann F. Kaplan Professor of Business at Columbia University "This book is critical and accessible reading for fiduciaries, financial consultants and investors interested in both theoretical foundations and practical considerations for how to frame hedging downside risk in portfolios. It is a tremendous resource for anyone involved in asset allocation today."
-- CHRISTOPHER C. GECZY, Ph.D., Academic Director, Wharton Wealth Management Initiative and Adj. Associate Professor of Finance, The Wharton School
"Bhansali's book demonstrates how tail risk hedging can work, be concretely implemented, and lead to higher returns so that it is possible to have your cake and eat it too! A must read for the savvy investor." -- DIDIER SORNETTE, Professor on the Chair of Entrepreneurial Risks, ETH Zurich
|Item Weight:||0 pounds|
|Item Size:||1 x 9.3 x 9.3 inches|
|Package Weight:||1.05 pounds|
|Package Size:||6.1 x 1.1 x 1.1 inches|
Have questions about this item, or would like to inquire about a custom or bulk order?
If you have any questions about this product by Vineer Bhansali, contact us by completing and submitting the form below. If you are looking for a specif part number, please include it with your message.
Related Best Sellers
By Enrique Vasquez
ean: 9781617643781, isbn: 1617643785,
Aprenda a invertir en la bolsa de valores, es un libro que va a enseñar a usted, desde el principio a como invertir; sin que usted tenga ningún conocimiento de como invertir en la bolsa de valores. Este libro lo va a llevar paso a paso hasta usted ...
By McGraw-Hill Education
ean: 9780071840163, isbn: 0071840168,
Where financial advisors go for answers--revised and updated to address consequential legal and economic changes From the oil crisis and stock market crash in the 1970s through deregulation into the 1990s to the 2008 financial crisis--every financial...
By Penguin Books
ean: 9780140073683, isbn: 014007368X,
Mixes humor, common sense, psychology, and Taoist philosophy in practical suggestions for applying bicameral thinking and Taoist principles to stock-market and investment considerations...
By Brand: Random House Audio
ean: 9780739324011, isbn: 0739324012,
During this savage civil war, all efforts to end Jacen Solo’s tyranny of the Galactic Alliance have failed. Now, with Jacen approaching the height of his dark powers, no one–not eventhe Solos and the Skywalkers–knows if anything can stop the Si...
By Cengage Learning
sku: 9780538452090, ean: 9780538452090, isbn: 0538452099,
Introduce today's most important investment topics from a strong individual financial planner's perspective with Mayo's INVESTMENTS: AN INTRODUCTION, 10E. This edition provides an inviting, comprehensive approach to investments, from the fundamentals...
By Ned Davis Research Inc
ean: 9780970265104, isbn: 0970265107,
One of the most highly regarded independent investment research firms, Ned Davis Research, shares not only their views on grave near-term economic risks and how the investment world works, but more importantly, they provide the tools, tactics, and st...
ean: 9780470388327, isbn: 0470388323,
An update of a classic book in the field, Modern Portfolio Theory examines the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. It stresses the economic intuit...
By Brand: TradingMarkets Publishing Group
sku: MAK_MNT_9780974137711, ean: 9780974137711, isbn: 0974137715,
In 2001, Dave Landry introduced the #1 book on swing trading, Dave Landry on Swing Trading. That book is still the best swing trading tutorial there is. In this new companion volume, Dave Landry's 10 Best Swing Trading Patterns and Strategies, Dave u...
ean: 9781119316404, isbn: 1119316405,
The latest, most complete data for more informed investment decisions The 2016 Stocks, Bonds, Bills, and Inflation (SBBI) Yearbook is the industry standard performance data reference, with comprehensive records dating back to 1926. Covering common st...
By W&A Publishing
ean: 9781934354056, isbn: 1934354058,
This book is about letting the little guy do what the big guy has always done. Hedge funds, pension funds, and other institutions have always used relative strength investing to rack up big returns, yet the methodology has never been presented to the...