The thesis of this interesting and provocative book is that modern civilization is largely
distinguished by its successful efforts first to understand and then to control risk. These …

This paper aims to build, through the collection of inputs from prior research, regulatory input
and practitioner's experience, a comprehensive definition of risk. Risk is not measurable …

An ongoing stream in financial analysis proposes mean‐semivariance in place of mean‐
variance as an alternative approach to portfolio selection, since segments of investors are …

We propose a very fast and accurate algorithm for pricing swaptions when the underlying
term structure dynamics are affine. The efficiency of the algorithm stems from the fact that the …

The box of factors that we call “risk” is both too large and too small. The box is large enough
to include many, sometimes conflicting, measures of risk—variance and semivariance …

The field of portfolio management is constantly evolving, as new information technologies,
economies, markets, and instruments continue to emerge, prompting it to adapt to the needs …

Editors' Synopsis: The Prudent Investor Rule of the Restatement (Third) of Trusts and the
Uniform Prudent Investor Act assess the soundness of trust investment in a fundamentally …

Bevor die Anforderungen an transparente Risikoberichterstattung im Detail dargestellt
werden, soll an dieser Stelle der Begriff der Risikotransparenz eingeführt werden. Die …

REAL RETURN, MODERN PORTFOLIO THEORY, AND COLLEGE, UNIVERSITY, AND
FOUNDATION DECISIONS ON ANNUAL SPENDING FROM ENDOWMENTS: A VI Page 1 …

The Alternative Investment Fund Managers Directive (AIFMD) provides a harmonized
European framework for the regulation of alternative investment funds and their managers …