TAIL RISK HEDGING: Creating Robust Portfolios for Volatile Markets

Valutazione media 3
( su 1 valutazioni fornite da Goodreads )
 
9780071791755: TAIL RISK HEDGING: Creating Robust Portfolios for Volatile Markets

"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

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

From the Back Cover:

Investors know that just one severe market shock may be terminal for a financial plan. To retain a portfolio's hard-won value, asset managers need to supplement traditional risk management paradigms with a forward-thinking, "just-in-case" strategy. The answer is Tail Risk Hedging.

No one is better qualified to offer this first authoritative and rigorous coverage of hedging against tail risks than Vineer Bhansali. A master of implementing theory into practice, he shares strategies, frameworks, and formulas for managing portfolios hedged against tail risk. He gives you the tools and the foundations you need to manage your clients' wealth against market disasters, including:

  • AN INSIDER’S LOOK AT PIMCO'S RISK FACTOR APPROACH TO FORWARD-LOOKING INVESTMENT DEVELOPMENT AND PORTFOLIO CONSTRUCTION
  • UNIQUE INSIGHTS AND FRAMEWORKS NOT BROADLY WRITTEN ABOUT IN THE FIELD OR ACADEMIA
  • ANALYSIS OF THE MAJOR BEHAVIORAL PHENOMENA IN THE MARKETS AND THEIR RELEVANCE FOR TAIL HEDGING

About the Author:

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.

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

I migliori risultati di ricerca su AbeBooks

1.

Bhansali, Vineer
Editore: McGraw-Hill Education (2014)
ISBN 10: 0071791752 ISBN 13: 9780071791755
Nuovi Rilegato Quantità: 1
Da
Reuseabook
(Stroud, GLOS, Regno Unito)
Valutazione libreria
[?]

Descrizione libro McGraw-Hill Education, 2014. Hardcover. Condizione libro: New. Dispatched, from the UK, within 48 hours of ordering. This book is in Brand New condition. Codice libro della libreria CHL2387989

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 47,75
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 2,24
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

2.

Bhansali, Vineer
Editore: McGraw-Hill Education (2014)
ISBN 10: 0071791752 ISBN 13: 9780071791755
Nuovi Quantità: 7
Da
Books2Anywhere
(Fairford, GLOS, Regno Unito)
Valutazione libreria
[?]

Descrizione libro McGraw-Hill Education, 2014. HRD. Condizione libro: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Codice libro della libreria CM-9780071791755

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 48,08
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 10,09
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

3.

Bhansali, Vineer
Editore: McGraw-Hill Education (2014)
ISBN 10: 0071791752 ISBN 13: 9780071791755
Nuovi Quantità: > 20
Print on Demand
Da
Books2Anywhere
(Fairford, GLOS, Regno Unito)
Valutazione libreria
[?]

Descrizione libro McGraw-Hill Education, 2014. HRD. Condizione libro: New. New Book. Delivered from our US warehouse in 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND.Established seller since 2000. Codice libro della libreria IP-9780071791755

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 65,02
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 10,09
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

4.

Bhansali, Vineer
Editore: McGraw-Hill Education (2017)
ISBN 10: 0071791752 ISBN 13: 9780071791755
Nuovi Rilegato Quantità: > 20
Print on Demand
Da
Murray Media
(North Miami Beach, FL, U.S.A.)
Valutazione libreria
[?]

Descrizione libro McGraw-Hill Education, 2017. Hardcover. Condizione libro: New. Never used! This item is printed on demand. Codice libro della libreria 0071791752

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 79,57
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 1,69
In U.S.A.
Destinazione, tempi e costi

5.

Vineer Bhansali
Editore: McGraw-Hill Education - Europe, United States (2014)
ISBN 10: 0071791752 ISBN 13: 9780071791755
Nuovi Rilegato Quantità: 10
Print on Demand
Da
The Book Depository
(London, Regno Unito)
Valutazione libreria
[?]

Descrizione libro McGraw-Hill Education - Europe, United States, 2014. Hardback. Condizione libro: New. Language: English . Brand New Book ***** Print on Demand *****. 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. Codice libro della libreria APC9780071791755

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 85,00
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

6.

Vineer Bhansali
ISBN 10: 0071791752 ISBN 13: 9780071791755
Nuovi Quantità: 5
Da
ReadWhiz
(Portland, OR, U.S.A.)
Valutazione libreria
[?]

Descrizione libro Condizione libro: New. Codice libro della libreria ria9780071791755_ing

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 85,75
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
In U.S.A.
Destinazione, tempi e costi

7.

Vineer Bhansali
Editore: McGraw-Hill Education - Europe, United States (2014)
ISBN 10: 0071791752 ISBN 13: 9780071791755
Nuovi Rilegato Quantità: 10
Print on Demand
Da
The Book Depository US
(London, Regno Unito)
Valutazione libreria
[?]

Descrizione libro McGraw-Hill Education - Europe, United States, 2014. Hardback. Condizione libro: New. Language: English . Brand New Book ***** Print on Demand *****. 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. Codice libro della libreria APC9780071791755

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 87,33
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

8.

Vineer Bhansali
Editore: McGraw-Hill
ISBN 10: 0071791752 ISBN 13: 9780071791755
Nuovi Rilegato Quantità: > 20
Da
BuySomeBooks
(Las Vegas, NV, U.S.A.)
Valutazione libreria
[?]

Descrizione libro McGraw-Hill. Hardcover. Condizione libro: New. Hardcover. 256 pages. Dimensions: 9.1in. x 6.1in. x 1.1in.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 authors 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 todays 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 Bhansalis 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 This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Hardcover. Codice libro della libreria 9780071791755

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 99,08
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
In U.S.A.
Destinazione, tempi e costi

9.

Bhansali, Vineer
Editore: McGraw-Hill Education
ISBN 10: 0071791752 ISBN 13: 9780071791755
Nuovi Rilegato Quantità: > 20
Da
Russell Books
(Victoria, BC, Canada)
Valutazione libreria
[?]

Descrizione libro McGraw-Hill Education. Hardcover. Condizione libro: New. 0071791752 Special order direct from the distributor. Codice libro della libreria ING9780071791755

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 99,75
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 5,95
Da: Canada a: U.S.A.
Destinazione, tempi e costi

10.

Bhansali, Vineer
Editore: McGraw-Hill Education (2017)
ISBN 10: 0071791752 ISBN 13: 9780071791755
Nuovi Rilegato Quantità: 2
Print on Demand
Da
Murray Media
(North Miami Beach, FL, U.S.A.)
Valutazione libreria
[?]

Descrizione libro McGraw-Hill Education, 2017. Hardcover. Condizione libro: New. Never used! This item is printed on demand. Codice libro della libreria P110071791752

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 116,02
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 1,69
In U.S.A.
Destinazione, tempi e costi

Vedi altre copie di questo libro

Vedi tutti i risultati per questo libro