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DERIVATIVES AND ALTERNATIVE INVESTMENTS: CFA PROGRAM CURRICULUM, VOL. 6, LEVEL 1 2010

CFA INSTITUTE

2010

BOOK
Category

INVESTMENT

Abstract THE CONCEPT OF RISK IS AT THE HEART OF INVESTMENT MANAGEMENT. FINANCIAL ANALYSTS AND PORTFOLIO MANAGERS CONTINUALLY IDENTIFY, MEASURE, AND MANAGE RISK. IN A SIMPLE WORLD WHERE ONLY STOCKS AND BONDS EXIST, THE ONLY RISKS ARE THE FLUCTUATIONS ASSOCIATED WITH MARKET VALUES AND THE POTENTIAL FOR A CREDITOR TO DEFAULT. MEASURING RISK OFTEN TAKES THE FORM OF STANDARD DEVIATONS, BETAS, AND PROBABILITIES OF DEFAULT. IN THE ABOVE SIMPLE SETTING, MANAGING RISK IS LIMITED TO ENGAGING IN STOCK AND BOND TRASACTIONS THAT REDUCE OR INCREASE RISK. FOR EXAMPLE A PROTFOLIO MANAGER MAY HOLD A COMBINATION OF A RISKY STOCK PORTFOLIO AND A RISK- FREE BOND, WITH THE RELATIVE ALLOCIATIONS DETERMINED BY THE INVESTOR'S TOLERANCE FOR RISK. IF FOR SOME REASON THE MANAGER DESIRES A LOWER LEVEL OF RISK THE ONLY TRANSACTIONS AVAILABLE TO ADJUST THE RISK DOWNWARD ARE TO REDUCE THE ALLOCATION TO THE RISKY STOCK PORTFOLIO AND INCREASE THE ALLOCIATION TO THE RISK- FREE BOND.
ISBN 9780558160227
Author(s) CFA INSTITUTE
Credits
Edition 1ST ED.
Year 2010
Publisher CFA INSTITUTE
Type BOOK
Keywords INVESTMENT
Language English
Collation 279 P.,GLOSSARY, INDEX, 25 CM.

Availability and Location Reserve

Copy No Library Stack Shelf Is Reference Status Return Date
1 Limassol S 6 Yes Available

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