@article {Dowd60, author = {Kevin Dowd}, title = {A Value at Risk Approach to Risk-Return Analysis}, volume = {25}, number = {4}, pages = {60--67}, year = {1999}, doi = {10.3905/jpm.1999.319755}, publisher = {Institutional Investor Journals Umbrella}, abstract = {The author{\textquoteright}s value at risk approach to risk-return analysis highlights the importance of dealing with net rather than gross exposures. A VaR approach can be used for investment, hedging, and general portfolio management decisions. It is particularly useful when making hedge decisions by helping to avoid a number of problems that can easily arise using the traditional approach to hedging.}, issn = {0095-4918}, URL = {https://jpm.pm-research.com/content/25/4/60}, eprint = {https://jpm.pm-research.com/content/25/4/60.full.pdf}, journal = {The Journal of Portfolio Management} }